|
t)�S, � . .
<br /> �`tJy
<br /> aM�
<br /> ...�... �� �
<br /> - � - „ � _ •• .• ,�.
<br /> � � . 5
<br /> , .t . ' ' __�3'._'
<br /> a �:: • . ^=-*":�+i4e._.w9'ir�A�t�re�.,,..,�-4.,,:e,.n•.�u. w�Hif`.1ry�'WQ'�IS��IfM� ...., '�I�Y:.
<br /> ... .. - �R�.��~�4 . . - .. ' .. ...." r " .. . .. " • ' ��..-
<br /> t'
<br /> .. . . �...�.
<br /> 16. TAIIES AND ASSESBMENTS. Orantor shdl p�y all tua�md�sw��mmt�niatlnp to th�Prop�rty whm du��nd Imm�dl�t�ly prov►d�Lendsr �r_:_
<br /> evid�nce of paym�nt of a�m�. Upon th�nqu��t o1 Und�r,�r�nto�th�ll d�poalt wlth Undu��ch month on�-tw�lt;h�1/t2)ot the�ulmat�d�nnual
<br /> ;^��
<br /> � of�taxee as�aa�mente and Insurtnce aa nqulnd Ion the P op�rrty el�thi v�nt o1 dtf�ult�Lc d�f r��hQ Ihhws hs r pht atlite aolePo�pt�lon,tt�,ppiy the
<br /> . tund�so hNd to pay any taxes or ep�lnet the Oblipttlont. My funda�ppil�d may,at Und�r's optlon,b�uppll�d In nv�re�order of th�due dRt�
<br /> thsr�of. p �
<br /> 16. IN9PECTION OF PROPEA7Y, DOOK4, RECOROS RND REPORTS. Qrsntor sh�ll ellow Lsnd�r ort`toe�a9�nit0 t�m� f3ra�sto ehnll p ov d� � •
<br /> Prop�rty�nd�xamin�,Imp�ct md make coplq o1�rantor's booke and ncorde p�rtelning to th�Property
<br /> � ` any asalatancs nqulrsd by Lend�r tor th�se purposss. All of th�elynatures and Inlormtllon cont�lned In Orantor'e booke �nd rncorde ahall be
<br /> I psrtalnngrto ths Proparry.AddmQ�aey�n1�1�=Qap�hcls•r P a�t?n ah�o�rm ntatlafao oxrytto Lender,�s ch�nformatian ast�Lende�may equsst ngerding i~
<br /> d� Qrantor'e financial condltlon or the Property. The Infarmetian ehail bs lor euch p�rlode,ehall refleot(3rantor's racords nt�uch tlmo,nnd shnll be _
<br /> �- a rendared with such trequency ee Lsnder may dealpnnta. All Informntlon furnlsh�d by f#rantor to l.ender ehall be trus,accurete�nd compl�t�In all�t ,
<br /> nspeas,�nd slgnod by Orantor It Lend�r rsqwsts.
<br /> ..�!!"� � 17. EBTAPPEL CERTIFICATEB. Withln ten(10)days after uny requeat by Lender,f3rantor shall deliver to Lender,or nny Intended trenn}eree of ',,
<br /> i.„....�k a Lsndur'n rights with reapeat to ths Obilpatlona,�slpn�d md acknowl�dp�d etat�msnt tp�cifyiny(a)the outstandlnp balance on ths Ob��patlons;and �;__
<br /> i (b)wh�th�r(irantor p�uMarclalms c�rantoawill be conelusi ely bound by any eipresentetl n�that�n'der Imny make to the ntended tranafereeawith� �
<br /> defenaea,aet�otts or co —�
<br /> � reapoct to these m�ttera In the evsnt that Orantor falls to provide the nquested stetement In a tlmely munnsr. �;_
<br /> ; + p�aneu�gor�r o e oE eny pua an or oltthe Obllpnt�6;occur under thia Deed of Truat end the Trueteo's powar�hall become operntive in tha�vont that =_-
<br /> (n)talls to pny any Obilgntlon to Lender when due;
<br /> �b) }Q��g to p�riorm any Obllpatlon or breaehes any warnnty or covmant to Lonanr contnined In thlu Deed ef Tru�st or eny other preoent or tuturo
<br /> npreement;
<br /> �" (o) d�stroys,losee or dameges the Propeny inmy materlel reapect or subJects the property to sefzure,confiscatfon,or condemnatlon;
<br /> +1� (d) aeaks to rovoka,terminnt�or otherwise II rnit Vta Ilnbility und�r eny puaanty to Lentler;
<br /> �? (e) dles,becomea lepally Incampetent.Is dissotved or terminated,becomea insolwnt,makee en assignmsnt for ths bmefit of creditorn,falls to
<br /> � � pay debta as thay bccome due,files e petillon undu the tedsral bankruatoy lawe,hae nn involuntery potHiun!n bankruptoy illed In which C3rnntor, �
<br /> Borrower or any euuantor Is named,or hae propeny taken und�r cny writ or process of court;
<br /> (f) allowa pooda to b�us�d,transportsd ar stond on lhe Prap�rty,the poaeesalon,tranaportation,or use of whlch,Ia Illepal;
<br /> „ � (g) aliowe any pariy other than Qrentor ar Borrowerto asaume ar undtrrtake nny Qbliy�tlon without the written consont of Landsr;or —
<br /> (h) causss Lmdsr to dsem itself Insecure due to a sipniflcant declino In tlie value ot the Propony;or If Lendsr,In gaod falth,for any renoon,
<br /> • b�liw�a thet th�prospsc!of paym�nt or peHamance Is Impalrsd.
<br /> 19. RIOHTS OF LENDER ON EVENT OF DEFAUl7. Upon the occurrence of an Evsnt of Default under th's Deed of Truet,Lsnder rshNl t^�o:�t+t!aci ta
<br /> • ex�rcise one or more of tha fouowing romedies wilhout notice or demand(sxcspt as req�lred by law): —
<br /> (e� to declare ths ObIlpaUona immsdlately due dnd payable In tuli,euch acceleretlon ehall be automatlo nnd Immedir�te!t th��went ot Dsfauit fs
<br /> , aflling und�rth�Bmkruptay Cod�;
<br /> ` (b) to collsot the outetandinp Obllpatione with or without resortinp to�udlcial pr�c�as;
<br /> (c) to requln C3rantor to dNiwr and mak�avWa�l�to Lende any p�rsonal prop�rty or Chattsla conatltutinp th�Proparty at a ptace r�asanably
<br /> �•• convsni�nt to Qrantor and Und�r;
<br /> • (d) to enter upon and tak�post�islon of the Property without appiylnp tor or obuintnp the sppointment of a recdver and,at l.�ndar'a optlon,to
<br /> � •�� appolnt�nalvar without bond,wlMout Ilrstbringin9 nult on the Ob�igatlone and wi�hout otherwls�m�etinp Rny�.�tutory condit►one np�rdinp
<br /> ' rocdwro,i:bdnp InbndW th�t unds�snaii nwa iois contraciu6i tiyi�t i�apFciC�:aw�..:: °-
<br /> • (e) ta�mploy a mansging aymt of th�Prop�rtyr and tet ths eama,eithsr In Trusiee's own nsm�,In the nama at�snd�r ar In th�n�m�of
<br />- •�� , Qr�nior,and rscelve ths rents,Incomea,Issuea and prafitn ot the Property end apply the samo,attsr pnyment of all neceseery chsryes and
<br />�-; ,•�'� expensoe,on account of ths Obllpulons;
<br />_,s,+�.,,•• (fl to pay any suma In any form or manrnr dbmed sxp�disnt by L�nder to prot�ct the s�curtty of thle D��d oi Truat or to cure�ny defauit oth�r
<br /> - = .; r,�.;�j� th�n paym�nt of Int�rost or principal on th�QDII��Nons;
<br /> J t:�._ `�,. �� (q) to toroelos�thfa Oe�d ot Truat Judlcially ot nonJudlcially Rnd to dinet Ms eate oi the prop�rty throuph�xerGise ot ths power ot e�l� ea _
<br /> _�-c`�' = rot�renc�d In paraprsph 40,h�rdn,In accordme�with epplicabl�law;
<br /> t,�:f+�. _ (h�te eet�iH(3rentor's Obllpations t0alnat nny amount�ow�d Grantor by Lend�r Includlnp,but not Ilmlted to,monfas,Inetrummts,and d�poatt
<br /> LL�.:ti*y��,;�� �ccount�m�lntaln�d with l.�nd�r or any curnntly�xlstlnp or tutun atti�uts of l�nd�r,ou�i
<br /> �,;' , �-,. p)to sxerclea all other rlphts svailsbis to U�d�r undsr my othsr wrttt�n�presm�nt or spplicabls law.
<br /> •''fi,�r�.a Under's rl hto an cumul�tive md may b��x�rel�d top�th�r,s�panbly,�nd In�ny ord�r. In the w�nt that Under Institutee m acHon eNkiny
<br />=.s::.:.:.,.,.__;._ 0
<br /> ": ,.,, th�recovsry of any of th�Prop�rty by wiy of�pnJudpmsnt rem�dy In an aotlon ay�lnst Orantor,Grantor wdv�s ths poaUnp ot any bon w c
<br /> -:-�.!%k,+� mlyht oth�rwiN b�r�qulr�d. Und�r or Lend�r'e deslprn�may purchas�th�Propety at any ul�. Pruc��ds of any Trust�e'�sal�honund�r
<br /> J '�-'�'vc�S� �h�Jl b��pp11�d flret,to the co�ts md�xpMS�a ot�xsrcisinp th�power of s�l�and of th�eale,Includinp th�paym�nt ot th� Truats�'e iNe
<br /> �•� �otually Incurrsd end�tot to excs�d ths unount which may be provid�d for In thl�D�ed ot Truat,tecond,to payment at th�Oblipatlons Ncuted
<br />
|