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<br /> � `�`� ' or obsolete,provtdeA that such personal pro�ert3r is teP3a�d witb oth�persflaal pmperty at leass equal in value to the ' , f
<br /> � .� .R �� 0�� P�P�Y, frce from ac�yr tit� t�entwn device. sec�r�tY aSr�a�t�� or o�er eacumbraace. Su� r:,� t: .;s
<br /> : .3 tep�eni o8 personal pmperty wiU be deemcd subject to thr seauisy iaterest creased by t A i s Q e e d o f Ttus t.T n u m r s h a l l ,
<br /> • �: � aot partitfan oa svbdivide tae Propeny vric�out 8eaeficiauy's privr wsittcn wnseat Beneficiary or Beneficiary'�ageats , ��;
<br /> � � � ;._,, } may.at Bene€c 's option,eoter the Prope��ty���be�.etii�dfor�or�v�n'�ll ia no�Y o ���s . . .�., " ...
<br /> inspecdoa of��Y ���� '�`:.'
<br /> ,• :.,.� ��� . _ _
<br /> � i3.AtTfHORiT�('1'�I�13FOR1M.If Tcnsta�faits to perfoim aay of 7hzstor's duties under this Daed of Trost.or any other
<br /> , i mnrtgage�deed oY msst,se�auilY a8tc�t ar other lien documemt tbat h�priority ovet d�is B�ed of Ttust.B�teficiazy . ,- .--
<br /> • , ° � may.witho�ao�r.Perfatm t�e dasies oa c�them to 6e perfoamed.Tnuwr appoints Bea�fic�azy as auoruey in fact to _ -- -__-- -
<br /> J sign Tn�.stor's name oi pay��amount aeoesgary for pecfo�maa�ce.If any ooastruction on the Property is disoontlnued or
<br /> . :,�� not car�ied an im a��`_�m�.S�nefi�iaty may do wfia.�is�to pmtax Baaeflciaty's secunty inte�c ;;��y{ , `:-
<br /> . ,:�. .7b�is m�,y uact�d2 oom�?etrag t�r ooasuuctioa. . *>-• --�'��.,�.:f=;���<:
<br /> ', ia the Pmpe� � �
<br /> �'i� BeneHciatys tight w peifonn for'f'nu�or�11 not c�ate an obligation to perfoTm, and Baue�da�t�s failuse w perfoaa { . �:
<br /> � ri �mder the law ur this Deed of Tmst.AaY ;s; . ...�.. `:.,..;i.�,�
<br /> �" • w►�1 not preah�Bet�R�Y�raeaeacas�as3►of Benefcia�'s o�er gpts ,..;,; `
<br /> . �,s•;: azd� B�imt�.fos insuiing. presen►inS or otherarise pmtec�mg the Property.� at the urtei�st�s r�� i",.' %.: �.`
<br /> � �;'°<;�;. �°�p aad ws�l beas inbaest from the dase of the payment umtii paid cu fWl :'-�.�. �
<br /> . .t inte�esc w�l be d�vc on dt� �.' � _ _`r�' -
<br /> . , effect fmm mr.e t�o time accosd3aS to the te�ms of the Svide�oe of Debt. ,:,.,, :':;�:, °�''�''=
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<br /> � ; .�.��a� 14.�lSSIGNMEN'�OF LE�ES AND RELVT3.Tcustor irre�cabiy g�ants.ooaveys and s�as additional seauitY all the _ r _f��-
<br /> . : � tight,Sde and iaterest in and W�y aad all: ttes aad any atker wtittea or vecbal a�for the use aud �<
<br /> t. .. 3 A. �ISt�$OI fI1�L61E��Sf SU�3tC3S2Ss�l�s�'� ,. �
<br /> { �p a n c Y u f a n Y P u rt i o n o f t h e Fm p e r t y. iacluding any aaensioas. reaewals, madifccations or sahstinmans of �.�
<br /> � all refetsed w as"l.�eases7• , . . '"—�r?_
<br /> � � sach agteements( d ° mduiling bvi aot IimiU�t ta s�aui�y d�osits,winzmum sent.
<br /> . ., . - :- � B. Reats,issues aad ptofits fall mfemed to ss Reata). ,�_�'� ::`�'3�`--
<br /> � : 5. pe�tage �eut, additlonal rent, comraon ama mainteaance chazg�s, Pa� ��, real �state taxes. etfier - -_ y�:
<br /> , ,� ;� a�pltcable taxes, insuranre Pr�ntum coauibudon4. liquldated damages follawing default,canceUation pmmiums, �.. , �—
<br /> . •,;,�:�;, a � bomues,and aIl afghts and claia�s wluch Tn�swr tnay have ��:->'�•;:j•:'�:�_ _
<br /> loss of reats ��reveaaes.myaities,praceeds� ,.s-..,�.-;
<br /> .�i;�„�n;�`;f.•: '. wa pancy of ti�e�vhole os aay part of the PrupertY• �o, • .�'�
<br /> x4..,;� thst in any Y Fe�to or is on ascount of the ase or�ccu -_�.:�-.: .
<br /> ,::,�Y�:;,�{ . .,';�. `�''s . ',°'� �-.
<br /> � Tmstor a�ill pmmptlY Pmvide BeaeficIary aith true an8 oouect ooples of all existing aad funue Leases.Tnutor mag ,,�:,`.. �� � is;,
<br /> ' � oollea,maeive,enjoy and use the Re�ts so loug as Tnuwr is nut in defaul�Trustor will nats�ollect in advance aay Re�cs . ��._:.,.
<br /> � Y:�. ., , ��.,��
<br /> ' � ` due in futurp lease peciods,�mless Trnstor 5�st oDtaiaa E�eneficlary's written canse�t-Upaa d�f�tt,Tn�swr will i+ece� �,:<.,.:• .;°�;
<br /> � ;.`f;, . � �� `' any Rents ia tzast for Benefic'�asy and Tmstor arill not o�mmin&te the Rents a�aa.y otlier faads.l�ny amouats collaxed ; �s�i�= :�� ��,��.
<br /> :�° ,. sha116e applied at Beaet3ciary►'s disccetion to paymeats on the Sec,vred Debt as thelein pmvided,to costs of naanaginS the ,.� �'�,�,, �! c5�
<br /> . � property,including,but not limited to,aU taxes, assessmeuts. ins�uance Pre�mns,mPai�, and oommissions w renral � � � f ��`' ;�>-
<br /> agents.and to any other necessarY m�ted e�Peases includiag BeueSciar�+'s attomeys'fees,paca�e,�al fces aad court oosts. �� '��7. ;::
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<br /> ' ��(. .. IS ectod�pon�t&e xeaoi�iag.4f this De�d of'Lao�st and that BeneficiuY Is -� F� �f�j i/f��� r i�i'_-
<br /> , ,;.�, Tcttstor ar]ca��rledges tbat this assi�.' perf
<br /> _.. eatitted to nc��fy�y of Trust�r s t�,W ma��Y�af m�:dne ar t;Q,,�e�me due to Benefcciar5►. However. ' (f`;j�+i,�+�'� ;
<br /> r's teaants and make deu�and t�at all � Gc1���
<br /> . . , .',° ;7� Benefi tLat onty on defauit ws�i Bene�s�outp Tz���;�'�� eu an
<br /> :uswr endorse and deliver w . "�''
<br /> , ��Y �� On re�vin the nv�of�e�mJ(r�r'� w�11 :,,��'��`�:' -
<br />_ _ . ..; Reats �paid dlr�ly w Beaeficiary. ssession. g . .`•' :,�,.. ,f.':�'�
<br /> +�� Beneficiazy auY PaY�°ts of Rent in Trustor's po � ���. '• :
<br /> ;.,,'F. , �'� ,� ' - �:��-_
<br /> , :�'}� �• 'lYustor covenents that no default exists under the Leases or anY aPP9isabte laadIord law.ZYusi�Q a�i covenants and agree� ,.+�•��'
<br /> �� ��":.• :•��•#� w maiataiu,ana w req�re�ne cenanr�w camp�y wt�,,the Leases and anY aFPUrrable law.7'tuvtor wiU promptly nodfY . �s ,���-
<br /> �'° � m cfl liance with the teims of�i��rases then ., ���.,'iii.._
<br /> + `��k;''}„, ,;.;� ',;� �aeficiary of mry aoncompliance.If Tn�stor negleps or refiues to enforce mp , ' < ;�� ' _-_-
<br /> .T� • ��''r_ �
<br /> yi `.j:;�;�E . .',..�;nefciary may. at Benefcciary s option, enforce oompliance. Trastor w111 obtain BeneRciary s wriuen apslwrl�atian :,i:t .�-�_.,
<br /> 3 - 'before Tmsvu�sonseats to subl�t,mod�f9,caacet,or otherwise alter t�e Leases,to ascept tbe surrender of'the Property ... _
<br /> � � :���t;�'�;` � ; coveied Oq such Leases(aaless the Leases so reguire),or to assiga,aomprnmise or eaau�'hec fhe Ixases or any futu�" . _ � .��`':
<br /> � �:;`'. � lteuts. Truswr will hold BeneficIary harmless and lndemaify Benefict�cy for aay aud all �isliitity. toss or daamge thet; ,. • � __.,;-, -
<br /> • ' '< geneficiary may inwr as a oonsequence of the assignu�ent uader this secdon. '`: , '�;�:�:
<br /> � � �,�� 1S.CONDOMtlVI1JMS: PLANIVED UNTI' DEVELOPMENTS. If the Propeity iacludes a unit in a condominium or a � . �`:�.„�;::,..
<br /> �'.� ��j,.` planned uait development,'Iynutor will perfann all of 7Yustor's duties uader the oovenants,by-taws,or regWatiflns of the . `�.,.
<br /> ' ':� wndomin��or planaed uuit deve2opmeai. � � '��'�
<br /> ; ��:, •�;r�l. .. , _.. :
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<br /> +�b�,i`�',..'`, ,. t6.:mEFi�ULT.Tn�stor wlll be in defautt it auy of�f�owing occur: , [ .
<br /> : ��ri:<'•`' . -. A. Any party obligated oa the Searred Dehi��malce paynteat when d�ue: ••,. '`
<br /> , •��1rE,� • �% 'f. � ' B. A hrr�cfi of any term or covenpat m t�ss iDta�;of Trost.any pr�or mortgage or a�r conat�uq�on loaa agreememt. .
<br /> e .
<br /> '_ '. : � ..��� � • � , � ser�uity.agceemeat or any ot�d�sa�rut�vuteu.cin�.g�ra�.^�tY�S•��&or otherarlse rclating w the Secured
<br /> �S R'Tp�61!' . .. .. � ' �''!
<br /> ,;i � , �. ���cthaldng or fiicuisblRB�Et'�i�"Yc�rbzt or.wriu�n.n.r�lxu?on�statement or waa�a ia 13eneficiary that�S false :? •�
<br /> ' etu
<br /> � �;-� � or incorrecc in au.y r�rareriat re�ecs by�Tras�o��sr,a�y:�r�a o�r enacy ablzgate�on die�A�ebt; ,,fG�p�t$r�� ;. :'q���
<br /> ���;;;; ; �. death dissafurinu. zpnainuaeac aE�ia�dv,�.f��'b��,s0licatiaa a�an.p�debcor�i.eL•� ta, Trastor or any i i �,t ," .. . .
<br /> �;� � . D. 'i'be . ge�uted D1tE91: ' ' . - %ns,!y,�i�r`;�•,1''�t:
<br /> .� > . gerso�or entiry abiigat¢d on iir� � `�~oa or ,
<br /> . � E. �%;�d faitb belief by D�raar.y at any time thac I��cuary is insecure wirh r�to a:►}i•g�s entiiy��• .� �•�+, �}, �ie r��e a r
<br /> �
<br />�.< , ;��� . . obl' o n t h e Setuc�Bdst�u�2t the prospect of�y���Y+�ent is jmpaired ar site 1P�petty is impaired; ���,�ti ti� .�i v. -
<br /> f ," • �� • F. A ma j�t�1 adverse c l�a nge in'�r+�s t or's 6 u s i n�s s i n c l u d i a g a w n e r s h i Y s.m a a a�e m e n t.a n d f m a a c i a t c a a d i fl o n s,w i u d h � . ',' 't�,�;�r 1�i s 3�"i�� •.�
<br /> ,, ;j;: _ ��I�' ��j•}i�� .
<br />,:;; Fr;a.;,?i.', �•.� . B e n e fi clary i a its o p9nion believea i m pa'sas the value of the Propetty ar�.y�ent of the Secured Debt;or .. �Y�;�,� .
<br /> _-,�.�„y:': ,.��. G. Any loan proc�eeds are used for a pwpose d�at arilt cuntribute to excessia�erosion of IrigLiY emd�ibie laad ar to tQe ,S ;,," ;
<br /> �..�� � �''� !' conversioa o!wetlands to pmduce an agricuitural commndity.as fiutt►er exglained ia 9 C.P.R.Part 1940,5u6psrt '''`�t?..
<br /> i,: , ' �„ :�1 (3.Ex1u'bit M. ,, -'`�. '
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<br /> :.`�;si,s+<<; -
<br /> '• ' � 17,REMEDIES ON DEFAULT.In some insrances; federal and staie taw wiil require Beneficiary to�rovide 1lcustor�vith y.,:,, ' . .
<br /> t' notice of the right to cure.mediation norices or o�her nutices and may establis6 time schedules for forecicssUre actions. . � .. .
<br />-° _ . Subject to these limttatians. if any. Bearfic3a�y msY accei�rate the Secured Debt and forectose this Deed of Tiust in a ' '',;`,,::;11,':, _
<br /> � � manner provided by law it this Ttustor�s in default. . .'";,"',`,p:.
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<br /> 0/893 Ba�aen Svstoms.tnc.5t CtouO.�dN d30G347 23at)iam A6,CQDT-NB tOriO'91 , , _ ,
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