|
T.�
<br /> 4`
<br /> . . . . .,wr!r�•. •:�..,.,.
<br /> , � . . ��
<br /> DEED OF TRUST PA�°a �'�"��';��:
<br /> 07-24-1991 s Continued) � . �
<br /> Lnan Na6�K1� , 8�'�' ���6iZ�� � �,��..,,,,,o�� = .
<br /> � Compllence Wllh l.�we. Trustor wnrrenls thet Ihe Property �nd Trustor's use of Ihe PropertY COmplles wlih 811 exlstinp eppticable I�ws,
<br /> ordln�nca,and rpul�tlons of povernmonlol suthorlll�s.
<br /> CONDEMNATION.Th�follciwlnq proWslons relatlnp to condemmllon proce�dlnps an�put of INs Ca6 of Trust.
<br /> ! Appllcetlon o}Net Proceeda. If ell or any pert ol Ihe Propsrty Is cond�mn�d by�mlrtmt dam�ln proceedlnps or by eny pra�sdlnp or �
<br /> i purchase In Ileu of condemnslion,Lender may al Its election requlre IhN�II a tny portlon o1 lho rtet proceeds of the�wnrd bs appll�d to Ihe ,
<br /> Indebtedn�ss a tl►�rep�lr or restoratlon of the Properly. Th�r»t prxNds of ih�awud itull mMn th�aw�trd�Ker paYment of all nasomb�� 1 ,
<br /> � � cosls,exp�nses,and ettorneys'lee+s InCUrred by Trustee or Lender In connectlon wlth Ih�eondomn�llon.
<br /> Proceedlnps. II�ny proceedlny In condemnatlon is tiled,7rustor shall prnmplly notlTy Land�r In wrttinp,nnd Tru�tor ehnll promptty t�ke such
<br /> steps as«�y be necessery to defend the nctton and obttin the awud. Trustor m�y be 1h�nomintl puly fn such proceeding,but Lend�r 6hali
<br /> ba entitled to particlpate in the proceeding l�nd to be represented In the prxeedlnp by counsal of ils own cholce,and Trustor wlll deliver or
<br /> " Cause ta be dellvered to Lender such Inslrumenls as may he requested by II Nom tlme to tlme to permil such particlpellon.
<br /> � IMPOSITION OF TAXES,FEES AND CHARQES BY(�OVERNMENTAL AUTHORITIES. The tollowinp provlslons relntlnq lo governmentai texes,
<br /> � tees and charpes are a part of this Dead of Trust: _
<br /> Currant Tucee,Feea end�harpes. Upon request by Lendar,Trustor shail exacute such documents In addition lo Ihls Deed ol Trust snd lake ;�;
<br /> whatever olher acdon Is requested by Lender to perfect and Continue LenAer's Ilen on th6 Roal Properly. Trustor 8hall relmburae Lender lor ail
<br /> texes, ae described below, togeiher wlth all expenses Incurted In reCOrdinp, perfeCtinp or Conlinuin�this Deed of Trust, Including without '``��i
<br /> Ilmitfltlon eil texes,fees,documentary stamps,and other charpes tor recordinp or rcylstering Ihis Dead of TrusL � ::.;�,�s.,:..;.i.
<br /> t.
<br /> TOxOS. The fdlOwlnq shall Constltul9 taxes to whlch Ihls seCllon eppiles: (a)a sPeCBla tax upon Ihis type of Deed of Trust or upon all or any �.'�.,'�
<br /> pari of tM IndeDled�sse secured by thls Deed ol Trush, (b)e speC�flo tuc on dortower whlch Borrower Is authorlxed or required to deduct from
<br /> he oider o}Ihe'Note:tand (d)e SP�Iflottex on al�lfora Y�P�on�ofcthe Indebtedness orf a�n BpaY�nb1of p�in�cipa�endlinlarest mtderby >_
<br /> :. �:=:
<br /> Barow«• �•.
<br /> � Sub�equeM Tsxes. Ii eny tax to whlch thls seCtion spplles Is enacted subsequent to the date ot thls DaCd ot Truet,this event sh�ll hsve the '"�Y.
<br /> same eMect as an Event of Delault(8s deHned below),and Lender may exercise any or ell o}Ne Avnllable remedles for nn Event ot Detnult as
<br /> proWded ba�uw unless 7rustor elther (a)pnys the tex before It becomes delinquent,or (b)contests the tax ns provided ebove In the Taxes nnd .
<br /> Llens seceon and deposlls with Lender cash or a su(ficient Corporate surety bond or other security satlslectory to Lender.
<br /> SECURITY AOREEMflIT;FINANCING STATEMENTS. The toliowing provlslons reltting to thls Deed ot Trust es e secudty agreement oro e part of `-, ..
<br /> � thl50eedoiTNSt. . ��•�•
<br /> � Security A�reement. This instrument shall conslltute a securily npraement to the extent any of ihe Property constitutes fuctures a other � . .,I.,r,y- _-
<br /> persornl�roperly,and Lender shall have all ot the rights of a secured pnrly under Iha Unlform Commerclet Code as amendbd hom tlme to f, r`
<br /> tlme. `••..'•i:`-
<br /> ' SeCUrIly Interest. Upon request by Lendar,Trustor shell execute Ananclnfl atatemenb and take whatever other actlon b requested by Lender �, :�<<}'<�;� , �•�
<br /> �,:,.,.. --
<br /> • ti�, to peried and contlnue Lenders securlty Interest In the Rants and Personai Property. In tddition to recading lhia Deed of Trust In the roal ,;�:�;;;� --
<br /> '� `�! properry records,Lender may,at any time and without turther authoriz�tlon hom Trustor,8b axecuted counterperts,coples or reproductlons of �����:� �
<br /> � ' thb Deed of Tnnt�s e financing atatement. Trustor shall relmburae Lender tor sll expensss Incurrodnn�pe^ectvnoia 1 onTru�or�snd Lender ��+,
<br /> t.:
<br /> , . -_�_--
<br /> and r�ke Itsval�lable�o Lender withln three(3)days after aeceip of wrllfen dem�nd fromlLendar�.!� a Y-- - -�� �.�-
<br /> ., ,,.
<br /> ' pnn ed by thh hDeed ot Trust may be ob eln d(each tas�requlred by th(e Un'.fo m Com�e�et Code),e e aststated on the Nrst paqe o this Deed _�,�—'�_V
<br /> ' of Trust �
<br /> � FURTHER ASSURANCES; ATTORNEY-IN-FACT. The tollowing provisions relatinp to further asaurances and attorney-In-fact ere a paA ot thls �;;�,�
<br /> y. Deed ol TrusL �-�
<br /> �� FUrthefAssunncea. At any fime,and tro���G�na 10 iime,upan requast ot Larsder,Tre��ta wlll meke,executn end dellver,or wlli cause to be '
<br /> rtuds,�zecuted a dellvered,to Lsndor or io Lender's deslynee,and when requested by Lender,cause to be flled, recaded,reebd, or
<br /> rencordld,�a th�case may be,at such limes and In such olttr,es and places t3 Lender mny deem tppropriate,eny nnd ell aueh mortptyes,
<br /> deeds dtrust,aecurfty deeds,cecurtty aqreements,flnanclny stafoments,contlnustion stntemenle,Inatrumenla of turther essurence,cerHflcatss, � �
<br /> end oth�r documenb es may,In the sole opinlon of Lender,be noCessary or deslreb[e In order to eMectuets,complete,peAect,conNnue,or ��;_`�
<br /> pnserw (e)1he obllp�nons of Trustor and BoROwer undor the Note,this Goed of Trust,tnd Ihs Related Dxumanb,and (b)lhe Ilem and
<br /> Unlesa prohf�blted by Itew w q eed to 1 e crontrary bytLendx In writirp,Trustor sha0 el bun�Lender ta al�cosbeand e�enses bncu edn
<br /> � connecYOn wlth tM matlers reterted to In thls perapreph.
<br /> " � Atlorney-In-Fact If 7rusta tails to do nny of the thinps reterred to In the preCedinp ptragreph,Lender may do so for�nd In the rume of _
<br /> � � ' Trustor�nd at Trostor'e expense. For auch purposes,Trusta henby Ircevocably�ppolnb under as Truslor's arianey-in-f�cl tor the purpose __ _
<br /> of maklrp� execudrp,delivetlnp,fillnq,recording,nnd ddnp nn other thinps es mey be necessary a deslnbte,In Lender'e soia opinlon, to
<br /> eCCOmpYSh Ihe tniiters roterted to In the precedlny parayrtph. �`��_�
<br /> FULI.PERFORMARiCE. Ii Borrower pays nIi Ihe Indebtedness when due,and otherwise pertams ell the obllpetions Imposed upan Trustor under - _
<br /> � thh Deed d Trusl, Lsndsr shall execute and deliver to Trustee e request fa tuu rsconveyence �nd shcu execute and deliver to Trustu suitable —
<br /> - � stetement3 d terminatlon of any Onancinq statement on file svldenclnp Lender'a securlly inlerest In the Renb and fhe Personel Properlyr. A�y �_��
<br /> reconu�eyana tee roqulred by law shail be pald by Trustor,if permHted by�ppilcabb Isw. �__�..-.W.�-,�,
<br /> DEFAULT.Eech of 1he lollowing,at the option of Lender,shall consfltute an event of detnult('Event of Defeult'�under thls Deed of Trus1: �„���
<br /> � Defeutlon Indebtedneas. Fallure of Borrower to mnke eny payment when due on the Indebtedness. � �',.;.
<br /> Defaull on Other Paymenta. Fallure of Trustor wlthln tM time roqulred by thls Deed of Trust to m�ke any payment for texes or Insurnnce,a .;�� ' �,���..
<br /> any olher peyment necessary to prevent Bilnp of or to eflect dlschergo of any Ibn. •, ,�
<br /> ,:'Y�r:,':,,�:•f . .
<br /> Comp4nce Oetault. F�Ilure ot Trustor or Bortower to compty wilh any olher term,obllgeBOn,covenent or condldon contalned in ihls Deed o� ,�.�. ,:. .�
<br /> � Trust,IM Note or In any of the Relnted Documents, ''��t�,r`��;�� ��`•
<br /> �,..:�.,�!;;..,
<br /> Fetae Statemente. Any wercanty,representelion or statement mede or tumished to Lender by or on behait ot Trustor or Borcower under thls ..t,•:;:��;.I.
<br /> Deed d Trus1,the Note or the Related Documents Is talse or misleading In any matedal respect,elther now or nt the time made or furnished. „ ,,_ ;
<br /> OeteCms CollaterMiutton. This Deed of Trust or any of the Rel�ted Dxuments ceases to 6e In lull force end effect(Including feilure ot eny �:�:.,
<br /> cdlatxd dxuments to create n valld and periected secu�ity intorest a Ilen)at nny 8me and for tny reeson. ��;
<br /> Death K In�oivency.The death of Trustor or Borrower or trro dfssolutlon or txminaNOn ot Truslor or Borrov�er's existenee�s e fldnp business, .
<br /> Ihs Imolvency at 1'rusla or Borrower,the nppointment of�recelver for any part oi Trustor or Borrower's properiy,any esstqnment tor the
<br /> -� benefil of creditors,anY type ot credilor workout,or the commencement ot nny prxeedinq under eny benkruptcy or Insolvency tawe by a
<br /> epainslTrustor Or Borrower.
<br /> ..� Gu41����� ��,. r..,,,,�,e�men�nf ferar�osure or fortelturo Dtoceedinps,whetMr by Judlr,fel prxeeding,seH-hetp,repossesslon
<br /> -� ���a.,�:...o..�...._..,_._. __......- -- - - ----.—_—__�.—.
<br /> I a anyolher melhod,by eny credilor ot Trustor or by any povernmentel egency agelnst any of Ihe Property. However,thn sunsecuon sneii noi
<br /> epply h the event ot e good falih dispute by Trustor es lo the validity or reasonablenesa ot the clnlm whlch Is the besls ot tho laecimure a
<br /> � forefe�lure proceatling,provided that Trustor glves Lender writton notice of such clelm end lurnlshes reserves or a surety bond tor the cialm
<br /> SRtisfaclory to Lender.
<br /> I Breeeh ot Other Apreement. Any breach by Trustor or Borcower under lhe terms ot eny olher agreement between Truslor or BoROwer antl
<br /> � ... .._�, ----�__.....�
<br /> LendArlhal IS not remedled wfthln flny grflCe penod prov�0ea tnxein,InClutli��y wiiiwui mii��auJfl 8tty nyino�ont�or,,.�....,,r,.,.,,•"•dOble ness
<br /> i
<br /> a other obllyation ot Trustor or Borrower to Lander,whelher exlstinq now or Inter. I
<br /> Eventa Affectinp Guerentor. Any of Ihe precod�ng events oCCUro wlth respeCt to nny Ouarentor of eny of the Indebtedness or eny Gueren or
<br /> dies abeCOmeS Incompetent,or revokes or disput95 the valldlly of,or Ilebllity under,any Guerenty of the Indsbfedness. �
<br /> , Adverb Cha�p�. A materlal edverse cl�ange occurs In Borrower's finenClal condilion, a Lender beileves tha prospect o� payment or
<br /> � performince of IM Indebtednes5151mpalred. i
<br /> , InseCaity.Lender in good Iaith deems Rself insecure. I
<br /> ; �
<br /> � �
<br /> I_ -- -
<br />
|