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<br /> . _ . _ . . i . -. • : � . • . . . . _. .. _ . ,
<br />- '� ! ..._�._._i_ - '.�ti�y. ,....-�u.� .' " ' ' . . ' ' ' "" _. _.._�..�..... '_ -
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<br /> ., . '�__ .�1�� _.�.—:�. ' ' _+___`�����....._. _ �, l...� �.��w_�_� _._��vy_ a`. — _
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<br /> � �O ���y��
<br /> � � :.'�. t5. TAXES QND ASSESS[�1EN7S. GrBt�tor shel{pay ell faxos and assessmer►ts tefating to Ptoperqr twlAt{:4AA a�l�tmma��pro iideTandes �' _ .: -
<br /> ' ;� . ' evldenc�of paymeM o!same. UAon the raquest ot lender.GranWr shat!deposit with lender eash:fllpc+th at►�Y4�1Qt.tflt2j ot ttte esUmated an�{�al ��•. : .
<br /> � ' . insuranee premtum.taxes end assessmems pertaining to the Praperry. Sa tong as there(s no d�uEt.Hies�atrtvu�►is shall be app�ed totAo paymeM • < . � -. ...
<br /> . � o!taxes.assessmenb and tnsuran�e es required on the PropeRy. In tAe event of datauit,lendas:ss►an�have th9 n8fit,at ifa sote option,toapp[y tha - �,
<br /> �.,.,;.,,- � ` . .
<br /> � ,. ` tunds so hetd to pay any mxe�ar.E�alnst tha ObGgatons. My tunds applied may,at LemiRt;a opi{aA,be appGed in cevarse o�de�a1 iha due date i�• �; .
<br /> . ' thereot. � •
<br /> . " , . ! 16. WSPECTION OF PROPFA7Y,BOQKS, RECOROS AND REPOH'15. ta�arrtor shalt al6�y It3iltYqt•At'ittt ag�lS to examine and inspeet tAe '." � "
<br /> . " ,, '� PPOps+tY and examtne.inspea and make capFes of Grantor'a bcoks ar[ri ceoords�artatning�,�'ctha PrapeRyrdtAm tlrqEr ta-tima. Giac►tor shail pcAVide " '
<br /> , _ ` . `J � airy assismnce required by Lender tor these purposes. M oi the signatures and.�.cotnained tn:C'�u�tc�c`books and•records sheli:bs °`" _ '. .��,�.��.
<br /> 8enuine.trus,aaurata and comptete in all respacta. Grarrtor aAaft nota the��rli3ender's he=idtidta�isna�t i��it9 books and•tacacda ••-;����
<br />:. • : � Pe�ining fi the Property. Rddftionalty.Grantor sfrail report.in a totm sazistat.���Adat,such iMomtatiost.as f:srldet�m�4te4uest regarding . : �E. .�:.
<br /> � C�rar�ote finanaal cond'�ton or fhe Prcperiy. Tha UttarmaUon shaU tia fac ssi��ta?rsds,shaU reftect Granto�s cecocd�at;sut�,dK1e.and ahall be f .� ��'�'=
<br /> • . � .;: ; rendered with sach trequency as tsnder may dasignata. AO Grtamr�.�niis.�a}:ra2t�Gsantor m Lender shffiI be true.acata�pand�eomptete ina11 � ; �
<br /> — " respects,and sigtred�Gra�s�:�mder req�cesta . :•� , � ��€
<br /> � F`��F'� 17. E3TOF�3:�.�'�SiL'sia ten {t01. . after anY+v�uE�:�Y•k�rr�_:$rant�r sha�!delhret to 4ender,or any intended trartste.•era ek `cT. �,6s.�
<br /> ` �'� � LsndePs�(gttt��rthne�'aa�'��re tf.tif'��.'�and adm . . . {aj tfie o 4atance on tAa QbGgatForts:ac,f �� ,�,��+,.�s�:`
<br /> ' c `�¢".��''.�•}: (b)whethC!G.'�•3.•P�a�9�',1�,�7.'�32S5aCYE{'Hk5fr�a BOt-0NS Oi COtltitBfCl8iCiS�`AIil�,+A3f�'SE�lqr @.O@!?$�Ik7u�H so,ihB n8W1e ot c�[Ch d£�.'RS'� �-�� .. ��'`rc�':' .
<br /> ��. , _ ;YSt���;�:� defee►°..ea,set-oSi�cr�C�iu►ZUr iri�3 hew.nciusiva[y baund bY arty-, ..�'�Y►Urtf.t�ader trtt�c►SBir�to tht IrKended trznslecae v�:tRr , -
<br />- _ resped m thess m��i{+'J�e evetitthat Grantorfaz'isto provida tha[equasted 3�site�t in a ttm�'f.S�anner. {�., .
<br /> 1& OEFAUtT. Gtaniot st�all be fn�defanit under this Oeed W.Tnast and•th0 Truatea's ppr�tidtp4iibecorAa aperative in the eveM B�at Qrarttor, �
<br /> Boaower or anY.9q�rMto�o!the O�ligation� �
<br /> .. �:;c,:e`. (a)faiistv 6��y.OQligaUon to Lenderwhen due: . � . ` ''
<br /> ,.,.,,:;.. - -
<br /> ..�...J.�f;�� (b)/aiis te�p.rt�any Gbt'igatton ar braaehes any warranty or¢ovenarrt td��dbr contasned;n this DeQd�f;Trus!ot any olt�ar present ot tutriro _
<br /> , `•F`�� agreetitvnfi • . p,
<br /> (e)destroys.tosesorEamageat�oPropertyinanymaterlalrespedorsubjeetsthePropertyt�seiwre,canfisca�an,orcondemnatIan: ' �
<br /> � .- ; (d) seetcsto covoke.tarmEnate or otRerwiss Iimi[(m Oabllity unGer alry guaranty to Lendee.• . r���. °
<br /> • (e) dies.beeomea tegalty inoomAe�ent,ia dlssotvea or termtnam4,becomes insotvon�makes an asslgnmeat 4or ttta Qenefit of creditors,taits to •� ,,,�; � �..-�-
<br /> • . - pay debts ns ihey beeome du9.Gtas a petitlon urtder tAe tederaf bankapLcy►tawe,Aas an imroluntary petitfan in 6artlauyteyr Tited in wMCh liratitor. ` _.,,,�--_:
<br /> � `< < 8ortawer or eny gu�uaeior ia named,or has propetty t8ken under any wtit or procass of caurx • .:
<br /> ua •
<br /> . . t..
<br /> . � ;; , (f� attows goads to ba used.transportad o►�torad on tt�e Property.tne passeaston,transportafion.or use ot wt�ich.ta iitegaf: =;.-
<br /> ,. � f9)aUaws eny party atAer than Gtantor or 6ortawer to aasume or vr�dortake anyCbl�qatioq withaut tha written cansan!otLender,or . �� �_ �.
<br /> � ��, (te) causea tender m Qoem itsett tnsneufo du�to s etgniflcant dedino In the valac oti4litt qrpAeAy;or N Lendet,in.good taM.tor any reasflr►, -;�,=.
<br /> oBtis►res that the prospact o!payment or peAarmance ia tmpatte�. � � , _ �--
<br /> �,s , . -. ; 19 RtOfft8 O�r�EidC�R ON OEFAiJ1T. M thero ia a Qaffiu!!under thia Oeed of�Tnut�,1►�alsfalsii�i�be e�itla0•ta•exe��one ormore of the . — t --.
<br /> fallawJn(}�emodloswhhout rtaUco or Cemand(except as requtred by(aw): .
<br /> i''' :. . ` ' (a�to Qoelara�ha OD11gatlona immedlam[y due and payaEte in tull; �
<br /> , , _ .�.i;:,
<br /> ' , � � (b1 to eottectffie outsfartding Qbligatlanawith orw(thautwsoRing to jud[cial process . .• ` :�`=�
<br /> � � ' '� ' (c� t�requtre Qrantor to dettvot and maks avaitablo to Lertdlr any personal propertyr.ar t�att�is consUifdlnn 1he Proparty at a p[ace reascnabty ,� .�.-
<br /> :. ,.._ ... ._.�.'. .;.i convententtoGrantorandlender, �,-,:O
<br /> . . : j (d) to etner upan and�tce possasston of the PropoRy wifria�t appiy(ng tor ar ohtatntng ths appofrnmeM of a recetver and.et LsiTier's apti0n.to =����-=-i�
<br /> . �; , , .: ;.r��:=.
<br /> • • . Y i aPPn(n!a receiver without bond.without firat bdnging snit on the Qbttgations and withocst ottrenerise meetlng any staeimry�r�sas r�aga.�g !<"., . .;�N�L_
<br /> • .. .. .. .i ; reaiWers.tt being tntertded that l,ender aha11�ave this canbaedrst Rghttu apPaint a reoea�,;, , . " _ __
<br /> (02 ta emplay a managing agerK ot tho Propeny and let tho same.ettAet�n TnL.._��a;u,u!►rtame.tn the aame ot lender or m ttse+tta�a mF _
<br /> •:`.• �� (irartmr.-artd re:eive tRe roMa.tneames.isaues and profits of the Propmty m+ds.q�tftfre sama.aRer payment of all necessatY c�'�are�, =°--
<br /> ' �`:i, expnr�s.crs a�urtRaf iha Qbitgation� . .=.. . •�� • �� -,
<br /> (i)to pay amy sams i.1 arty Ecrm or marmer doemed expedient by Lender�i�pzcflart 3{e secsiry of thia Deed of Trust or to aro airyds�cs�cros. f f °�
<br /> . ,;: �° thenpaymart�:J�sare�rrrp:t.-rcJpalontheObRgatlans; , .•. .� . °{� .
<br /> . . �:,x' . {g) to iocaeia�s 3'ra Deed ot Trost Judicially or nonjudiciaity and w fi�:Lr_�:e ot the property througtl exercise Ot the power ef�s a9• s .,� ,--=-°-:
<br /> • ��;::i. r�tenenceQ 3,r.�ra�tapb 20 heteot in acecotdence witt►applicabla faw: . . . �
<br /> � ..n, :,
<br /> .;+`•,c�; {D�)to sn++�i'0�tars ObIIgadans against eny amaunte awsd tirantar�y 4a�dkr includtng,but not limitedtc,mnnies�instsmRants,a�d�pa�h . :, .;
<br /> • �, acca,mts�h�iaedwithLenderoranyeurtentiyeuistingortutureaffili"iatectt�sn�er,and : ,?,�,�:
<br /> . .. - - -' (1 b e�acC�a a7:bther rigRts avaitabte to Lender undar arry oWsr�ritten agreemecrt or apptfraCie Iaw. `.... • � � • , 3 . -
<br /> ��'?� t,en6ots�3g,'�a�ro�muta8ve and may bs exercised tagether,sepr�tetiy,end In any order. tn ihe event tha!Landet Instltules ga�rzsssefdng the , a� r - -
<br /> '=��` roa�aey ct�a2�e Propo�iy by way of a ptejudgmoM�emeQy tn en acdon agains!Granmr E�^anmr watvas the posttng ot�ylriars.dw`iieh r.�igtit_ � "
<br /> av i h
<br /> athonr�sa.De��1c�eQ Lender ar Lender's dosignoe may purchasa the Rre¢at�p.at any sae. Fcoceed9 of any Tiustee�saIel;er�scnda►�°'nQ:isa � � ��� �=`=
<br /> '��' appEadfirst,Ys QKa easis and expanses of ex�rcising fhv power ot sate and ctt��sa'r:k incluttirtg the payartent n!the Ttustee's feas actualfy i.r_ercas!}; ' -.._:-
<br />-� • '• "�• and nat so e�giarl:tt��mount wiftch may b0 provfded for in this Oeed ot Trtr�,sa-,.an;t�.payment o!the Obitgattons secttred haceby,third,ri�SA,s . :.;��
<br /> � .':. payment ot J�.tar�:�eeda,mortgagas,or other lienhatdow,and the bafart�:d:_ �;,��a person or parsons Iegatly entided thereto.The pra�oily �`:":�., ;�
<br /> ar arty part�a+afft rcra�j fie cat�!&a oneparcel,or in such pareota,manner c��:as�ra^.r(ar.In ita sota discreUon may etect and one or moro f': ._� -
<br /> _':4:; . . ' exsr�sas ot t"..a�aca:."e�.�t�i d shall aot exUngufsh or exhaust tho pm�r�si�rr`t��rs�,5rm��erty ia sotd or tho obitgationsare paid in tu1L •
<br />, �� �� ." �� s"�1't�IGy�T�'S�"`..35z, M,YEti Of EALE OH OEfAULT: Upon do�:l�ta��;:�:�i�pa�nent ot arry Obtigatioia saarred freraby,LenQet
<br /> . �' rxay do�e aS�awss sewred`(:elaicy tmmodiately duo and payabte and shaT xause,r�be file�f ct:veord a wririon noNce af defauRartd eteeflon to se0 -
<br /> .,s�7�'�j'r �e f�rcpeet��. :�r 1he tapse of sucA ttmo as then may be nquired by law ta1(o.r.�ina tecordation of such notioe ot detauit,end noUrs at sata hav(ng i-�--�--�
<br /> � �::,�;'•;:+�:s �esR�fan as�ba"aQuirod�y taw.7rustoa,without domand on Grantor.sts�1•an�.sacA propeny,eitt�ar ae a whot�or in seperato parcota end In sucfi . '
<br /> _ � '��°��i`,,f�; �c�qlar�da Bt e,r,tentler•m�y determine et pubilc auotion to ihe higheat btdd�a Tr.ia�ee may posq�one the sate of ail at any po�tton ot the PropeRy by ���''�_==
<br /> • . , ;=�,�1�`;..':-, .�psfc:t�aNUw:�ao�,ent at tho tlme and ptaoe of sato.and irom tima�aEne��attar may posipone the sato by puDan annauncamont at ih�tlme and � �°—�'
<br />� .�". „'i �Di�o�elbyt�e yreoeding postponemenL Tcustee shall deitvmc ax��.,�aser tts deed conveying the propsrty,or portton thoreo},so sotd,but '�k�.�`�
<br />� ' � ve{mr�rt any, nant er warranry,express or tmplied. 1he re�tsis r,k�:d�C�d ot arty mattera o!fact or othan�dse sha11 ba conc(wive prool of tho ` �
<br /> � ' .. :• � tntthtulrtesg�ot�tny parson.Induding Qranto►,TasWe or Lorr.Yev.r_a��ud�se at sucfi saie. . . —
<br /> n
<br /> � � =.:;�. Z1. qEQU�'�HOIICES; �iranior requesls that a copy af any naU7a.eY.�tri:�it and a wpy ot any notica o1 sata hereunder be mdiod to aach : ,�,,:,,
<br /> `� � ..� person w1�o is�.�r;+t�ereto at the aQdress of sueh person set torth herotn i�Zha�me Urrre and in the eame manner requtred ea ihough a c�xqa . ~
<br /> '� • '- �{r requeat fhereol7��Sf:eer fiied by each sueA parson. • � . . :�
<br /> . . k 2?. SECUp[71I t^li:�C'tGSg 'p,?;l?�R THE UN[FORM COEAMERGAL COCG'�,Y�i��,aed ot Tnist shall be eonstdoted a flnaneing statomas.��a .
<br /> �'.. `1 fixture filtn parsr.�.�^�z��ise�cr�d�nna ot the Uniform Commerdai Code(as�tt#1 in tho stato wlfete thv reai propoRy ts loeated)eavering:�,iP,unas. ���'`
<br />.:t;�• � Mattets,and afi;r_�xt!�rxr:�l;�mr.porty now owned or heroaftar atmehed ts w����te used in connecUon wJ4h the Property tagather with ang�d at ` _
<br /> -, . � � -� repfac�morrts�au�r:a.�rsacamans tnoreto(me'Cfiattets),and GraMOr her�;y�tsnder a sacurtty IMOroat in such Cnatteis The dabtca ia Yh3 � �� i,.�� "�••
<br /> � . ,�.,i;��ir,..' ?_ Qrantor desir,bnS:.risx.r�. The secured paity ia the Lender descrtbed ab �ma`.demand.tirantor shNl make,executo er�d delivo�Bucf1 maoci!ir� '•
<br /> , � •:�;T�;ti;'.',;,;:;• agreements�fl.s�dr:�tm is deflncd!n said UnHorm Commercial Code)�at any Ume may deem nocussary ot pmper or requited to�c R� • . ��� �1`"
<br /> • `�`�;���: ; tander a p�securityr Ir►terest in tho CAatteis,and upon(3ranta�ata�°".np;ta 9E1 so.LonQor is suthorlZSd ta tlgn any surl�agreemont as tho aSent�
<br /> .. .. .; �fi�r.tar. Gr�ntor Aereby authorizes I.onder to fits ttnaneing amt�r�9enta(aa s�eh term is deflned in satd UnHorm Oommerclal Cade)w1b�espeet� .
<br /> . �� �t.oe tC,9attelsy at any tlme,withaut tho atgneture ol6rantor. Qrantoraill,however.at any tima upon requeat of Lendor.s1gn such ftnan�np smtomanta • • -
<br /> i • � ". G;a.r.tur wi0 pay sill Attn9 feas tor tho titing ot such ftnancing atatcmoMS and tor the reHling thoreot at tho Umo9 roquirnd,ln tho apinion ot Londar.Ey � � •
<br /> � satd Uniform Commereial Oode. B the Ilon ot fhi�Oeed of Tnrs!be subjeet to arry seeurtty agreemerrt oovedag the Cheltola,thon In tt�e ever�t ot arry � .
<br /> _ � . , ., detauU undor this Oeed of Trus�ali the right,ttUe end Interest of 6rantm in and to any and a1101 tha Chattais le�ereby asstgr[ad to Lender.togother . . •
<br /> ' whU the banefit of eny doposlt9 or paymenb naw or haseatter mado thereof by(3rantor or the predecessors ar successars tn tiUa o!t;raniar tn tho ' �
<br /> !� 23.a�11A8URSEMEHT OF NMOUHTS ENPEHOED 8Y LENDEFi. leador.at Lenders opUon,may expond tunQ9 Qnetu�ing attomeys�'teea en0 tega! . �
<br /> • expc�nses)to pm(mm erry aet requirod to be taken by Qraritor ot to exarcisa any rfgAt or remedy of londer unC9r thta Qoed of Tn�at Upon domand.
<br /> ' . �: Grantor shNl immadlatory reimburse LanQer for all sncN amouo�axponded by Lender to8ether with tntsrest thareon at the tawer of tho highos2�ato •• .
<br /> des�ribod In any ObllgaUon or tho h►ghest rate altowed by law ftom tho date oi payment unUl tho date of roimbursemenL Thase suma shatl bo
<br /> �. inctuded In the deflnitlon of ObltgaUons herein and shail bo securea by fhe beneflcial tntorest granted herein. N the ODIlgattona are paitl atter the
<br />- beginning of pubfiesUon ot nottea W eato,as heroin proviQod,at M tho evartt LEmdnr shaH.at its sole opUon,pormH Gramor to pay erry part o!tho `�� � '
<br /> ObllgaUons after tho 6eginning of publieaUon of notice of sale,as herein provlded,thon,Grantor shall pay on Qomand aU oxpenses incuttod hy tho . �,
<br />- Tmstea and Lnndor in connectton wlth sald publicaUon,inctuding reasonable attomeys'tees to the attomeys for tho Trustee and for tho Lendcr.and a
<br /> , - reasonabte feeto the Trustee.end this Qeed af Tmst sha!{Do secw9lytor all such expenses aad tees. . . . -
<br /> • 24.APVUCATION OF PAYMENTS. Al!paymenb mnde by or ar irt:;dtd Grantot may bo appfied agalnst tho amounte puttlby l.sn�or qhel7ding _ .s. .
<br /> attomeys'tees and fegal expenses)in eanneetton with 1he exor�r.1'�t�,A(���xs�r ramadtes descrlboG in this Oeed ot Trust a»d ifiea�ta C;e��c7�M
<br /> � oftharomatning OLtigatlonsinwhateverordorLenderehooses. ' • �
<br />_; 29. PdWER OF A71'OANEV. Grar►tor hereby ap oirrts lsndet ae:ts�umeey�+�s tact to endorse GrantoPa namo on ail instruments ans alner
<br /> p txm
<br /> Gawmont�poAaining to 1he pbligaUonsor Deedof Tcust In addiUon,Lendae�itnl�:2a a:�'Jed,but not reQuUad,to portorm any aetion orvxocutearry • .
<br /> dacumont raqWrod W 6o takcn or oxseutodby Grantot undor thf9 Qoed eY�?`ns�r. LonQePs pertormanee of such acuon ar axoeWOn of suei� ' . �
<br /> documortta shall�ot totievo t3tantol from any OEtigatlon or curo arty defaufl undor ttds Qeed o}T�ust.Ail powore ot attomey deseribed in this Oeed of '
<br /> � Trust are eoupied with an interest and aro trrevocabte.
<br /> __--- -.. ' __.�_—.�•_
<br /> . � `- 28. $tiBROGdYt07+f EiF E�E1D�. E�ss�det shffit ize subrogatad to ffie rights of the iiotder of previous fien.security interast er erteumtrrIInq -
<br /> F a�►y
<br /> � • dis�harged vdth funda advancad by LBnder cegardless of wt�ethar those Itens,saeurity►interests or othor encumhranoos hme Doen relaased of reeord. ;�„ . •
<br /> :;,; .. ��
<br /> ,� ... �_�..._..,... , ---�. .. .. . ..... , ,
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