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<br /> 97-� 1068�6 ��.��:.-::�=,...: --,=.
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<br /> to-16-1996 DEED OF TRUST Paye a . . ,,.�,.���. ��',r�
<br /> Contlnued) '` x'�.5'�".'.�
<br /> Loan No46080 ( '�_,"+' �` .`'�
<br /> � Trusl
<br /> Exlslinp LIQn. The lien Of ihis Deed ol Tru51 SeCUnng Ihe IndebledneSS may be SeCOndAry nntl inleno� to nn existmg hen. Trusior oxpressly
<br /> � covenants Bnd egre95 to pay,or See to Ihe paymeni ol,�hc�Exisl�ng Indeb�edness Bnd l0 prevenl pny defeull on such intlebtedness,any defaull
<br /> � under Ihe instruments e�denang SuCh indebledness,or eny defnull under any setunty doCUments�or suCh indebledness.
<br /> � Deitwll. II Ihe paymenl ot eny�nstallmenl of prmcfpnl or eny mterest on the Exishng Indebtedness is not made wdhin Ihe hme reqwred by Ihe . �a;,,
<br /> . note ehdencing suCh�ndebtedness,or Shou�d a delault occur unde�the mstrum8nt securmg such mtlebtedness and not be cured dunng any 'r;
<br /> appliteble graco psnotl Iherein,then,at ihe option ot Lender,tlie Indeblednes5 6oCUrod by this DOad of Trust,hn�l beCOme immediate�y due
<br /> • and peyable,and this Oead of Trusl shall be in def8ull. , , _
<br /> � NO MOd111Cadon. TrustOr shell not enter Into eny Bgreement with Ihe h0lder of eny malgape,deed of trust,or other seCUrily&greement which
<br /> ;,�,�,,,..+� j has pior�ty over Ihis Oeed of Trust by whlch fhat agreement is modified,ame�ded, exlended,or renewed without the pnor written consont of ,. .�m.�
<br /> ,-,q, � Lender. Trustor shall neither request nor aCCept eny future advances under any such seCUrity agreement without the prlor wrtlten Consent of �.:s i, �'..�t'1�
<br /> i LBr1dB�. �'"!.f.:f'=.*::t..
<br /> � CONDEMNATION. The following prowsions relatmg to condemnehon proceed�ngs area pad ot this Deed ol Tru51. . ;;,¢;,.i:.'•-:.4_'
<br /> ApplicAtlon of Ne! Ptoceeds. If all or any part of the Property is contlemne0 by emmeN domain praeecl�ngs or by any pioceaUing or '�,,�,y;.-_�s-` -
<br /> purchase m lieu ol contlemnation,Lend@r m8y 8�its election requ��e that 811 or eny pqhon of ihe net procCeds of Ihe awerd be epphed lo Ihe ��-__
<br /> � Indebled ness or the repdir or restoration ot ihe Prope�ty. The net proCeeds of the awerd Shall mean the award alter paymem of au reasonablo �,.__
<br /> { Costs,expenses,and a�torneys'fees incurred by Trustea or Lentle��n conneclionw�ih Ihe condemnal�on. _
<br /> p�oteedinps. If any proceedinp fn condemnation is fded,Trustor shall promptly notity Lender m wntmg,and Trusto�shall promptly take such __
<br /> steps as may be necessary to defend the action and obtain the 6ward. Trustor may be the nomina�party in such proco8ding,but Lender shall ___ —
<br /> be enhtled lo partiCipal6 in the proceeding and to be represented in the praceedtng by counsel ol its own choice,and Trustor will delwer or
<br /> cause to be delivered to Lender such Instruments es may be requesied by it from lune lo time to permit suCh parlicipation.
<br /> �� � IMPOSITION OF TAl(ES,FEES ANO CHAR(iES BY(iOVERNMEMTAI.AUTHORITIES. The(ollowing provisions relatmg to govemmental taxes, c�; -
<br /> � 1 fees and Charges are a part of this Deed of Trust: '��;$,;:,�_
<br /> ! Current Taxes,Fees and ChArpes. Upon request by Lender,Trustor shep execule such documenls in add�tion lo this Deed of Trust and take :�;��t
<br /> �� � whatever Other echon is requested by Lender to perfect 8nd coMmue Lender'S lien on ihe Real PrOperty Trustor sh&II reimburse Lender for ell ''�:��y�
<br /> ' ���- taxei E1s described below,together with ell expenses incurred in recording, perfecling or continwng Ihis Dued of Trust, including wilhout
<br /> �'" ?� i�mitauon an taxes,�ees,dxumentery Stamps,and olher charges for record�ng or reg�slenng this Deed of Trust.
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<br /> Ttuces. The following shall const�tute texes to which this sechon epplfes: (a) a spec�f�c tex upon this type of Deed of Trust or upon all or any —__
<br /> ' part ol the Indebtedness secured by this Deed o�Trust; (b)e speCihc tax on Borrower which Borrower is euthorize d or require d l o d e d u c t f r o m
<br /> pgymsnts on the Indebledness secured by this type of Deed ot Trush, (c)a tax an th�s type of Deed of Trust Chergeable against the Lender or �"�-
<br /> ,-�r�,.;�• the ho�der of the Note;and (d)e specific tax on all or any portion of Ihe Indebtedness or on payments of pnncipal and mterest mflde by �;;��;
<br /> ' �3, Borrower. -
<br /> �� � Subxquent Taxea. II any tax to which this section applies is enacted subsequent to the dale of this Deed of Trust,this evont shall heve the
<br /> 1 � same effect as en Evenl of Default(as definad below),and Lender may exercfse a�y or all of fis evailabie remedies for an Event of Default as
<br /> ► prONded below unless TrustOr either (fl)pey5 the lez belOre It beCOmes oeunqueni, or(oj conin5ia(ii6 tn�as�,tGV�d6d aG::�sn:ha?Pr..^s 8s:d
<br /> � Liens 6echon and deposits with Lender cast�or a suHiCient cwporate surety bo�d o� other security satisfBCtory to Lender.
<br /> SHCURITY A(3REEMENT;FINANCING STATHMENTS. The following provisions rele6ng to this Deed of Trust es a security agreement are a part of
<br /> i:;. : �` this Deedof Trust. __
<br /> - ::'�+- ' Secutlty Ayreement. Thls Insirument shall constitute a security agreement to tho extent any ot thd Properry constitutes hxtu�es or other
<br /> ���;±��. � personal properry, and Lender shall have all of the rights of a seCU�ed pflrty under Ihe Uniform Commercial Code as amended from time to _
<br /> - • time.
<br /> SEturity InterOat. Upon request by Lender,Trustor shail exeCUte financing stetumeMS and take whatever other actfon is requested by Lender _
<br /> '• to peAect end continue Lender's securily mterest In the Renis and Personal Prope�ty. In addition to recording lhis Deed of Trust in the real �.,
<br /> prope�ty�ecords,Lender may,flt any Ume end wrthout further authonzahon fromTrustor,hle execuled counlerparls,copies or reproductions ot
<br /> this Deed of Trust as e hnancing statement. Trustor shall reimburse Lender fa all expenses mcurred in perteCting or Continuing ihis seCUnty
<br /> Interest. Upon detaull,Trustor shall essemble the Personal Property in e manner and at a p�ace reasonably convonient to Trustor and Lender
<br /> and make d avadablo lo Lender within three(3)days atter receipt ot wntten demand trom Lender.
<br /> �• � AddrOSSeb. The maihna addresses af Trustor(debtor)end Lender (secured party),Irom which information Concerning the seCUrity Interest
<br /> grenled by this Deed ol Y�ust may be obtained(each as required by the Unitorm CommerC�al Code1,are as stated on tho Nrst page of this Deed
<br />_. p. :},'�'.�'�� �. of Trust.
<br /> :��''��':`.��: FURTHfR ASSURANCES;ATTORNEY-IN-FACT. The followlnq provislon5 r818tinp to lurther assurenceS and attorney-in-faCt ere e parl of this
<br />-. '�`��i4 . � oeed of r�us�.
<br /> - Furthe►AtsutenCes, At any time,and hom time to time,upon request of Lender,Trustor will meke,execute and deliver,or wfll Ceuse�o be
<br /> �, made, executed or dehvored, to Lender or to Lendar's designee, and when requested by Lender, cause to be hled, recorded, re�i�ed, or _
<br /> '� ; ,;•;,�.�;:a� rerecorded,as Ihe c85e may be,at such times flnd in SuCh oNices and p�aces es Lender may deem appropnate,any and all such morigeges,
<br /> - �:�',, d98d5 of Irust,SeCUrity de8d5,seCUrity agreemen►s,financing stetements,continuatfan StBtements,instrumenis of further essurnnce,certifiCates.
<br /> ",� .�...? and Other documents fls may,in the sole opiNOn of Lender,be necessery or desirable in order to eHectuate,Complete,parfect,continue,or
<br /> ��;``''"''��,�c reserve (a)the oblf ations of Trustor and Borrower under the Note,tlus Deed of Trust,and the Related DoCUmenls,and (b)the liens end
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<br /> ` •"�'-' secmity mteresis Crealed by thfs Deed Of Trust on ihe Property,whether nOw o�vned or hereeHer eCqulred by Trustor, Unless prohibited by 18w
<br /> --•r or eqreed to the Contrflry by Lender in writing,Trustqr shall relmburse Lender for nIP costs and expenses mCUrred In connection with the matters
<br /> � referred to in this paregraph.
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<br /> ��..j".;� AttOrney-In-F�ct. If Trustor fails to do any of the things reterred to in Ihe preCeding paragrnph,Lender may do so for and in the name of _ _
<br /> - '.''..,:; Truslor end at TrustOr'S expense. For such purposes,Trustor hereby Irrevocably appoint5 Lender as Trustor'S altorney-in-fact for the purpose ___
<br /> i� of makinq,exeCUtinp,delivering,ffling,reCOrding,and doing all other things es mey be neCessary or desirpb�e, in Lender's sole opmion,to ______ ___ _
<br /> � aCCOmphsh the matters referred lo in the precedfng p8ragraph. -
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<br /> FULL PERFORMANCE. If Borrower pays all the Indebtedness,InCluding without limflalion sll future advances,when due,and otherwise performs ell •'
<br /> ihe obligatlons Imposed upon Trustor under this Deed of Trust,Lender sha��execute and delrver to Trustee a raquest for full reCOnveyance and shall -l.�p,���{,;.-
<br /> execute end deliver lo Trustor suitable stutemenis of terminBtlOn Of flny tinenCmg stalemenl on file evitlencing Lender'S SeCU�dy interest In the Rents ��,;�;p;�,,,��
<br /> and the Persanal Property Any reqonveyance feo required by 18w shell be peid by Trustor,rt pprmiliptl by appl�Cable Iaw. ""'ti;;::�;F`;;N;,�,�„�.
<br /> . DEFAU.T. Eech of the f000wing,at the opGon of Lender,shall constitute en event ol detaull("Event of Default")under this Ooed of Trusl: � ����'�����+` ' . `
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<br /> � DEI1uH On Indebtedness• Failure of Borrower to make eny payment when due on ihe Indebledness. "��' • ,,,,t.:
<br /> . Deilutt on OthC�Payments. Fedure of Trustor within the time reqwred by this D�ed of Trust to mako eny payment(or tflxes or insurance,or `" ":��:�"a`
<br /> .1-.,
<br /> ' anyother payment neCessary to prevent filing o�or to BHoCt diSChprge of eny lien. ..
<br /> .._.__... r_.�.___a r_.._..._...o.._..,...�. �......�w........�ti..,i,�..., ,a.�...e��..n .���u.,unl m�nnddinn rnnta�nwd in thiS Deed Of --- ., .' .
<br /> ---- ---- a.vmpiiaico wwun. � . . . . .......'�v.� .....,.�........... •"..e.. _...__._�-- '- -- - - � ----- _._--__.
<br /> Trusl,the Note or in flny of the Related Documenls�
<br /> FeISO Sfetements. Any warranty,representalion or slatement made or IurniShed to Lentler by or on behalf o�Trustor or Borrower under lhis
<br /> DCCd of Trust,Ihe Nole or Ihe Relgted DoCUments is false or mislead�ng in any mater�al respeCl.either now or a11hQ lime m8de or furnished.
<br /> ' Delective COIIOterullzatl0n. This Deed ol Trust pr any of the Related Documenls CeBSes to be�n full force and eNeCt(�ncludmg fa�lure of any
<br />- collalere�doCUments to areate A velld 8nd perfeCted sBCUnty interest or lien)at any time and lor any reaso��.
<br /> = InS0lvenCy. ThA di55olution or termmnhon of Trustor or Borrower'S exiS�enCeas e going business,the��solvency o(Trustor or Borrower,ihe
<br /> appointment ot fl �oceiver for any p8rt of Trustor or Borrower'S properly. a�y ass�pnmenl for Ihe banelit a�creddors.any type ot creddo�
<br /> wo�kout,or the commencement of eny proCeedinq under eny benkruptcy or insdvenCy laws by or agttinsl Trus�or o�Borro�ver
<br /> - FOrECIOSUre,FOriNtute,EtC. CommenCement 0��O�oClosure or forterture proCeedings.whelher by�udicinl proCeetlmg,soli-he�p,repossossion ,
<br /> - Or pny O�hBr mBthod,by any GOditOr of TruStOr Or by eny gOVernmBnt81 egency3g3�n51 0ny 0�the Properly. Howevar,thiS SuD58Cti0n Shall nol � '
<br /> apply m Ihe event of o good Isdh tlispute by Truslor es lo�he vahd�ty a reasonab�eness o�Ine cia�m �vhiCh i5 thB b35i5 0� th@ IOr@CIOSUrA Or
<br /> - forole�ture p�ocecrding,prowded�ha�Trustor giveS Lender wnden notiCe of suth claim end�wn�shes �e5erve5 or �Surely bond lor Ihe C�S�in
<br /> sat6taclory to Lendo� ,
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