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<br /> � 1b. TAXE9 AND/1SSESSMEHTS. Orantor ahall pay all tax�s and�ss�tsm�nts nlatinp to th�Prop�rty wh�n du�md imm�df�t�ly provld�Lsnd�r
<br /> ; wld�nc�'of paymmt of sam�.Upon th�nqunt o1 L�nd�r,Cir�ntor sh�u deposi4 wRh l.�nd�r nch month on�•hwlflh(1/12)of th��ttlmatW�nnual -
<br /> Insunnce pnmlum,t�xea�nd us�i�menta p�rtalnln�to th�Prop�rty. So lonp as th�n 1�no d�4ault,th�u wmounta thail be•pplbd to th�paymmt
<br /> of tax�a,oesessm�nta�nd Insur�na as nquind on th�Prop�rty. In ih��rv�nt of d�}auit,L�nd�►th�ll htw th�ripht,at In sol�optlon,to apply th� .
<br /> lunds w h�ld to pay�ny taxa or ppalnst th�Oblly�tlont. My funds�p@Il�d may,at Lmdu'�optlon,b�appll�d In r�wra�ord�r o}th�du�d�t� � '
<br /> th�rsof. -•
<br /> is. INSPECTION OF PROPERTtl,800KS,RECORDS AND REPORTS. Orantor sh�ll �Ilow Und�r or It��penn to�x�min� �nd Inxpeot M� Y••
<br /> Prop�rty and�x�mint,In�p�c1�nd mak�copbt of Grantar's books and r�corde p�rtRlniny to th�Prop�rly from tim�to tlm�. (inntor shsll provid� � �
<br /> any asslatance nqulnd by Lender}or th�aa purpoas. NI of the alpn�ture�and Infarmatlon contalmd In Onntor'e booke ind ncorda thall bs � ; ,
<br /> Qmuln�, true, aceunt� and compl�t� In all nsp�ca. Gnntor�hall nots the �xltt�nw of Und�r'a MnsficNl inunat In It�book� �nd ncords � � . ..
<br /> . p�rtelnlny to th�Prop�►ty. Addltlomlly,Qrantor ah�ll nport,In�form sadtlpatory to Und�r,such Intormattan ae Lsnd�r may nqusst npardinp �• ' -
<br /> (irantar'e financlal conditlon or th�Prop�rty. Ths Intorm�tlon ahill M tar euch p�rlods,shdl nfl�at Gantor'�r�cords�t auch tlm�,nnd shall bs�
<br /> � rmdmd with euch 1rpu�ncy a Lend�r may d�sipn�ta, NI intormation furnith�d by Ormtor to Lend�r thall b�tru�,axurats and compl�t�In dl • •
<br /> nsp�cri,�nd sipn�d by Oranta It Lend�r nqwits.
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<br /> 17. ESTOPPEL CERflFICATE8. Wltfiln tsn(1Q)days aft�r�ny nqwst by L�nd�r,C3nntor shall dsliv�r to Lender,or any intend�d tnn�fen�of �•
<br /> - ; Lcndar's rtghts:�:lth ros�sa to the Oblipatfons,a sfpnod end¢c�mc.•rlad�cd�rrar.t sFs:tt�,ar�;a)ths cats:ar�;ng b�l:n���tha O�I:�s.cr.s;c^3� - .� • .. '-. �.
<br /> : (b)wh�th�r Orantor poss�u�a iny ctalma,d�tmssa,t�t-0tts or count�rcl�tim�with nsp�ct to th�ObIIp�Uona and,If no,the netun of auch claims,� �?!;�;; s•;��
<br /> � d�fsnssa,estoffa or count�rol�Ima. (ir�ntor wlll b�concluelvcly 6ound 6y any npr�wntation that Lsnd�r may mnke to the intend�d transfsrM with ..�?:3��--:.
<br /> napect to th�aa mamrs In ths Wsnt that Orantor faila to provid�th�requested stat�m�nt In a timsly manner. � ..±�{��`�"
<br /> 10. EVENTS OF DEFAULT. M Ev�nt ot O�fault sh�ll occur und�r this Oesd of Truft and the Trustse'n pows►shell bacome operative in the event that -__—---
<br /> Orantor,Borrower or any yuerantor ot th�ObltgaUone: A=--_—-
<br /> (a) falis to pay any ObIlgaUOn to Lender wh�n dus; •��``•� Y
<br /> (b) falla to p�rtorm any Obllgadon ar bnach�a any wart�nry or cwen�nt to l.�nde►cantelnsd In thls Desd of Trust or any other pros�nt or futurs —
<br /> agreement;
<br /> .�_
<br /> (c) dastroys,loses or dam�pes the Property in eny mattri�l respect or aubJscts ths Property to se{zure,confiscation,or condemnation; -
<br /> (d) seelcs to revoks,teminits or otherwlss ilmit Ib Iiabllity under any guannty to Lender; -
<br /> (�) dies,bacom�a lep�lly Ncomp�Unt,fs dlasolved or tsrtninrted,bscom�s Inialv�nt,maksa an assignment for ths bsnstit of cnditora,fali�to ,,.;_-=
<br /> pay debri ao they b�coma du�,fllss a p�tltlon under tM federal bankruptcy laws,has an involuntary peUtlon In bankruptcy fil�d in which GraMOr, ►�.�,'"
<br /> Bortowsr or any puuantor Is nam�d,or hu prop�rty t�ktn unde�my writ or procsss of court; -��":
<br /> (t) allowe goods to M ua�d,V�nsport�d or stored on the Properiy,ths posa�stlon,trMSportatlon,or use of which,(s fllegal; t4
<br /> (g) aliows any puty oth�r fhan�tanta or Bortave+r to assum�or underUk��ny Obllpition without th�written cons��t of Lend�r;or '-
<br /> (h) causea LAnd�r to d�em itself insecure du�ta a signiticant decline In the value of ths Propsrty;or if Lender,in good faith,for any reason, , . �
<br /> believes that th�pra�p�ct af�anyment or paformnnce is impaired. •
<br /> 19. RIGHTS OP I.ENIIQR ON EV6NT QF D�FAULT. llpan the occumncs of�n Ewnt of D�hult undsr thl�Deed of Trust,Lsnd�r shvll be�ntitled to . ��
<br /> exsrclse one or more of+tM fallowing remedf�s without natics or demand(sxcept aa requind by law): _
<br /> (a) to dsclare thm OblipaUOns immedl�tely due and payabl�in full,�ucfi�cc�bratton shall be automatio and Immediats if th�Ev�nt of DsfauR Is
<br /> • I a flllnp und�r the Binkruptcy Code; °
<br /> �; (b) to coliect th�outstandinp Obllyd4ons with or without nsortinp to�udiclat procsss; '-
<br /> . (o) to nquin Grantar to ddivsr and mek��v�flable to Lsnd�r any personal prop�riy or Chattele constttutinp th�Property at a placs rsuona6ly _
<br /> convanl�nt to Gantor�nd L�nda; f '+�t
<br /> (d) to�nter upon and tak�pots�salon of the Property without appl�np for or obriinlnp ih�appointmmt of a nalver and,at L�nd�Ps optlon,to --
<br /> �.�, sppolnt a rsaiv�r without bond,wkhaut firet bdnqin8 auit on ths Oblipatlans�nd wNhout oth�rvvis�m��Unp any staturory condlUons rpudlnp t��
<br /> • maiv�rs,lt hNng int�nded th�t I.�nder shNl hnw thie contnctusl ripht to appolnt a ncsiver; """
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<br /> �3j i6 iiiij3=iiJi 3 ftiiilA�{iiy�aflGii GT 2IiS Ffa�o(tji Lliti IS2 Ztii L8i7ii� 3�m�r in`ruat�:'r awn n:rn:,iTi 2iio toii�i vi�,Stitsit Gi iii�i8 tistiii 8� - -„�r;, -_
<br /> Grantor,�nd naiw th�rints,Inoqmes,lisues and proflts of th�Prop�rty�nd apply the sams,aftsr p�ymeN of�II necessxry a�aryon and .,,,,. =:_
<br /> , , �xpenHS,on�ocount of th�Obllpationa; � '�-
<br /> � (i) to p�y�ny tum�In anyfoRn or m�nner de�m�d�xp�di�nt by Und�r to protsct ths aecurity of thia De�d oi Troat or to curo any detauR otMr �"' Y;..
<br /> than psymsnt of Intsnst or p►indp�l on the ObIlpeUons; �';! �� �"�
<br /> ��
<br /> (p) io torscloa this De�d of Trutt Judid�liy or nonJudiclally and to dlnct Ms eale of ths property throuyh ex�rcis�of the power of sale ts •:;�•� r-
<br /> ro�renad In perap�aph 20,herein,In�ccordana witn�pplic�bls Iaw; t�`
<br /> c (h)to eet�oif Creuifor's Obl�etlons apalnst�ny amount�owW Gnntor by Lsnd�r ineludiny,but not Ilmited to,rnoniea,inatrumsnta,and depoak
<br /> � accounta matntalnsd with Lmder or Mny eurrsntiy sx(aUnp or tuturo�fflti�t�of Und�r,�nd � .�i�
<br /> p)iv�xeroia�all other riphb waliabta to Und�r unWr any oth�r wdtten�proemsnt or appUcabl�iaw. -
<br /> I.�nd�rY righb�r�cumui�tlw�nd may 1»�x�rcis�d top�th�r,s�puat�y,and In any ord�r. In ths�wnt th�t L�nd�r inatitutss an ection�kln� -•x
<br /> th�ncov�ry ot�ny of th�PropNty by way of a pr�jud m�nt nm�dy In�n acllon a�dnst(3rantor,Cirontor wuw�th�posting of any bond whld�
<br /> mipht oth�rvvlw b�rpulnd. Und�r or Und�Ps d��pnN may purch�w th�Prop�rty�t any eal�. ProcMds ot any TrustN's ul�hawnd�r --- - —
<br /> eh�il be appli�d flrst,to tM ooats and�xp�n�s of�x�rcidnp th�poanr of ul�and of ths sai�,Indudinp th�paym�nt of th�Trutt�e'a fNs
<br /> �ctually incurnd and not to�xa�d th�amount whlcN may b�provldsd tor in this D�ed o}Truat,s�cond,to paym�nt of ths OblipaUona s�cund ��`
<br /> hsrsby,thlyd,to ths paymmt of junlor uuat dNds,mortpa��a, or other iisnholdsro,and th�baluxe, if my, ro th�psnon or peraona Isp�ly �,�
<br /> �ntitl�d th�nto. Th�Propety or any part th�nof may b�so d tn on�pucst,or in such pucals,mannsr or ord�r�s Und�r in its sok discntlon �_,_�.
<br /> may�I�ct,and ons or ma��x�rcla�s of th�povwr h�nln prant�d shall not�xtlnpuiih or sxh�ust tha povwr u�l�ss th�entln Praperty la sotd or �
<br /> th�obllpadom u�pald In fuil. �`�-°°
<br /> . 20. TRUSTEE'S EXERCI8E OF POIMER OF SAI.E ON DEFAULT. Upon dNwlt by Borrowsr In p•ymsnt of any ObIlDations s�curW hsnby,LsnN� --
<br /> may d�clu�all sumi,secursd hsreby,Imm�dlttely due�nd payabts uid nhtll cauae to bs flIW of r�cord a writtsn raUa oi d�fauit and decNon fi --
<br /> wll th�Propaiy. Afhr tM I�p�s of such tim��s tt»n may M rpuind by I�w tollowiny ncordaUon of wch notia of d�fauR,and noUcs of a�le °_-
<br /> haviny bwn yiwn as th�n rsqulrsd by Iaw,Trusts�,wkhout d�mand on Orantor,sh�ll sell nuch Property,tlth�r�a e who�e or fn e�puat�puwla,�nd =
<br /> � In such ordsr as It or Lender may determine,�t public euctlon to the h18Aeat bldder. Truates may postpone the eUe of all or any portlon of the
<br /> � Prop�rty by publlo announam�nt�t the tlme�nd pi�a+of sal�,and nom time to Umo thenaft�r may postpon�ths e�ls by publlc announcemsnt�t �-•�°��
<br /> th�Um�and plaa tix�d by th�preadinp poatpon�msnt. TmstM shall dsllwr to such purchas�r its dssd conwyinp ths propsrty,orportlan thereof, '"'=�-
<br /> ao aoid,but wlthout eny cov�nNt or warr�nty,expro�s or Implled. The rociUls In such desd of any matters of f�ct or otherwlae,nhall be conctuslve �
<br /> proot of th�truthfuin�ts tMrwf.My psmon,Inctuding Qwntor,TrustN or Und�r,may purchaas at such sals. •�.:,; ..,',�•�
<br /> 21. REQUEST FOR HOTICE3.Grnntor requests th�t a copy of any notice of dehult and a capy of eny notice of s�k her�under be malled to sach �: ��,;��
<br /> pereon who Is a party hento,�t th�addnu of euch person set torth henin et the cams tlme end In the s�ms menner requlred as thouph a asparue ��� : e• ��
<br /> nqusst th�reof had bssn filsd 6y sach nuch peraon. ' . �
<br /> 42. SECURITY INTEREST UNDER THE UHIFORM COAAMERCUIL CODE This D�ed of Trust shalt W coneldsnd w tinancln etatsm�nt and a
<br /> flxturs fllinp purouant to ths provialons of th�Unitorm Commercial Cod� (as adopted in ths ctate where the Proparly is locatsd�covannp fixtures,
<br /> chatt�l:,and articla of p�rsond propertyr now own�d or hasaftsr attach�d to or to be used in connection with the Property topsther with any and dl
<br /> ' rlplaam�nri th�rwi and�dditlons thsnto(th�'Ch�ttels'),and(3rantor henby ynnta Lender a securlty Intsrest In sucl�Chattels. Ths d�btor la ths
<br /> �� Cinntor dacrib�d abovs. Th�acund p�rty Is th�Lender detcribW abov�, Upon dsmtnd,(irantor sh�ll mak�,�xecute and dsllver such a�curly
<br /> aprMmsnts(as such tsrm Is d�fin�d in sald Uni}orm Commercial Cod�)na Under�t any tims may dsem nspuary or propsr or requlred to prant to F
<br /> Lendsr�p�Asct�d cacurity inte�st in tM Chattels,and upon tirantor'e f�llun to do ao,l.sndsr Is authoriz�d to aiyn any such agnsment as the agent '' �
<br /> of Grantor. Grantor h�r�by authoriza Lender to tils tinancinp statemsnt�(at wch brm la d�fln�d In eaid Uniform Commerclal Coda)wlth rsspect to , ,
<br /> � the Chntteia,at any tima,without the niDnature of C3rantor. prantor will,howsver,at any tims upon requost of Lender,alyn aueh flnancinp atatements. '
<br /> Orantor wlil pay all filinp fMS fa th�flllnp of such financing etat�msntf�nd tor the nfilinp th�rsof�t the timea raqutrW,In ths opinlan of Under,by
<br /> �� aeld Unitorm Commercid Cod�. H the Ilsn of thls DeW of Trust is subJlot to�ny acurity Ryr»ment eoverinp ffis Chattels,then In ths�vsnt of�ny �
<br /> . d�fnuft und�r thls DNd of Trutl,all th�tipht,tltl�and Int�nst of Orantor in�nd to�ny and all of th�ChattNs Is h�nDy assipn�d to Und�r,top�ffi�r
<br /> with th�ben�fit o}any d�poslPo or paym�nb now or hersaft�r mad�th�rsof by tir�ntor or th�pnd�c�uors or Qucasson tn tiU�of Gr�ntor In th�
<br /> � Prop�rty.
<br /> 23. REIMBURSEMENT OF A610UN7'S EXPENDEO BY LENDER. Lsnd�r,at Und�r's option,may�xpend funde(tncluding attornsya'tesa Rnd I�pal �
<br /> i sxpena�al to aerform anv act rwuind to b�Uken bv Grantor or to sxstcls�mv rloht or nmWv of L�nd�r und�r thl�tf��d n}Truaf i t�.,�d.�,,.�� � . _
<br /> � f3rantor shait�rnmsdl�t�ly rsirnbu�s�Lend�r tor�II such amounts�xp�ndsd by Lend�r topeth�i with int�nst th�rson�t the lower of ths hiphest nts �
<br /> describsd fn any Ob110ation or the hiphest rate allowed by law 8om th� date of payment untll th� date of relmburssmmt. Thsse suma ehall be ,
<br /> ' Included in ths d�finition of Obllgationa herein and shall be secund by the beneliciel Ints�sat prented haein. M th�Obligations are pald after tha
<br /> � b�yinnlny of publlcatlon of notice of ui�,as hersln provlded,or In the event Lendar shall,et its aols opNon,permit Grantor to pay any part of the
<br /> � Ob1ip�Uons sfter ths bepfnnfn0 of publlcation of notice ot uls,aa hsnin provld�d,then,tirnntor shail pay cn demand all expenses Incurred by the ,
<br /> � Trusts�and Und�r In conn�ctlon wfth siUd publlcatlon,Inciudinp nason�bt�attorn�ys'fe�a to th��ttorn�ys for the Trustse and for ths Lender,and a
<br /> reasonabls iN to tht Trust�s,md this Ds�d of Trust ahall be sacurity for ali such expsnaea antl t��a. •
<br /> � 24. APPLICATION OF PAYMENTS. All paymmts mad�by or on behdf ot Grantor may b��ppliW apalnat th�amounb paid by Lendsr(includinp
<br /> sriormys'feea and Ipal�zp�nssa)In conneetlon with the sx�rclss of Ih riflhro or remedl�s d�acrib�d fn thla Deed ol Trust nnd then to the payment
<br /> of th�nmalnlnp Obllpations in whatwer order Lsnder chooses.
<br /> 2b. POIWER OF AITORNEY. Grnntor hereby appofnri Lender as fte attorneyIn•fact to sndors� Gnntor'e nsrne on alt Instruments and other
<br /> documtnts perUJninp to th�Obtlpatlona or DNd o}Truat. In addlUon,Und�r shall bo entitlW,but not nqulrsd,to pMorm any nctlon or executs�ny
<br /> document requtnd fo b�tak�n or executed by Orantor und�r thia D�e�of Trun. Und�r's p�rformmce ol such acHon or execution ot such
<br /> dxummta shall not nlieve dr�ntor lrom any ObIlpaUon or cure any deleult under thla DsW of Trust. NI powero o}ettomey described In thls Oeed of !
<br /> Truat u�couplW wlth�n Int�nst�nd�n Irc�vocabl�.
<br /> � 26. SUDROOATION OF LENDER. Lender shall be subro ated to the ri hro ot ths holder of an
<br /> 0 g yprevlous Ilen, securlty Interost or sncumbrance
<br /> discharpsd with lunda advenced by Lender regardtess of whether these Iiena,security Interests or othsr encumbrances have b rsiessed of record.
<br /> LPNlS��C t �amAt�onT�cnnolpy�a.NC �tvp/�11BWIa17J�B9 Ll •
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