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<br /> 1�. TAXEti AND ASSESSMENTS. Orantor ahali pey eU t+una and ae�assm�nte nlnting to the Propety whtn du�and Imm�dlstdy provide UrvJ�r �_�::r�''etO�"°"=�`
<br /> ��Id�ncs ot paymant oi sem�. Upon th�nqwst of Undtr,(irantor shall d�poait wlth Lsnd�r�ecn month om•tw�itth(1/12)of th�estlmat�d mnu "" � �,f�'�'61°'�-"
<br /> ' imuranc�prsmlum,tuaa and asa�asaa ro ul ed lonnth�P operrty�In th�swnt ot defwlt Untl�tr�dh�Ihh�v�h�r pht atlits solePo�pt�ion.tto pply u� ,'� � ��.�r��'��
<br /> of tax�a,�sssssmente nnd Ineuranca q Iled In rsvoree ord�r of th� du�d�t► "�.,.�.• • 's'�
<br /> fund�l so hsld to pay any tuua nr ayalnst the Obligationn. Any tunds appll�d mey.at Lendu'a optton,Ds app � �
<br /> tMnof. � ��.
<br /> 16. iNSPHCTiON OF PROPERTY, 800K9,RECORD8 AND REPORTB. Orentor shail allow Land�r or ita apente to examin� and Inspwt U� �
<br /> Prop�rty md�x�min�, inap�ct and mak�copl�s of Orantor's booke�nd records psrtalniny to the Property trom timo to tlm�. Orantor bhatl provld► y 1�
<br /> eny asaletance requlred by l.fnder for th�e�purposos. All of ths elgnatune�nd Intormation contalnld In�ranlor'e book�and ncorda ehall be .J,4�
<br /> . p�ftalninprto th� Prop�rtyr. Atld tion�a�y.Gro�nt�ch�tll rcport ton aht Irm st ti�fr.ctarytto Lenasr.�s ch bnbormltlon as Und�r may nqwst tl guding O .. , '
<br /> f3nntor'e financlal conditlon or th�Property. Th� Inlormetlon thall b�for such porlods,shall nfl�ct�rantor'e rncorda�t such timo,ond shnll bo `yT�,�� -
<br /> rondared with auch Ir�qusncy aa Lsnd�r may desipnate. NI information tumlahed by Grnntor to 4end�r ehall be tru�.accurats�nd compltl�in d1 •• ' .,a�4.4,; i �
<br /> respects,and slgned by�rentor If Lsnd�r nqueets. .` �.%;"` `�``"���'
<br /> 17. ESTOPPEL CERTIFICATE3. WitAin t�n(10) dtys afler tny requeat Dy Lender.t3rantor ahnll d�ilver to Lender,or any Int�nded trsnefere�of� „,,�.,,
<br /> � ��'"''` Lender'e 8flhta with respect to th�Oblipations,e siqned and acknowledpsd atat�mmt apec�lylnp(a)the outatandlnp btlanc�on th�Oblipationa:Nd ,.� �'`� •�� ;; _
<br /> � rr+ , .,
<br /> (b)whsthsr Orantor p�se�a�s any clalms,d�t�nsa,s�tafts a caunterclalms with nsp�ot ta th�Ohliyatlona and,if so,th�natur�of nuch clalma. Y',-''z , ��_
<br /> dstensea,aet-0ifs or count�rclaims. Orantor wlli be conclusively bound by any reptesenta�tlon that l.endir may maks to the intsnded tranef�ree with ��r,.��—��
<br /> respect to these matte►s In the event thnt Cir�ntor talle to provide the requested stntement in a timety mnnner. •.�r�;��;��
<br /> ib. EVENTS OF OEFAULL An Event of O�fault shell occur undsr thla O�ed of Trust and the Truetee'e power nhsli become operaNvo in the erenttha ,�+_ _ ____________.
<br /> rv;..�,•
<br /> � drantor,Borrow�r or any puarantor of nny Obllpation: i,-�n�,.._
<br /> e)commits fr�ud or makes a matsriai minreprese�ntlan et nny time In connsction with the ObligetionH or thla Deed of Trust; �_�___
<br /> �b)tails to meet the repayment terms of the Obllgations for any outstnndinp balance;or
<br /> , � ; —
<br /> (o)by any actlon or Inaetion,adversely affect�the Properry,or any right ot Lender in sueh Property.Including,but not Ilmited to,transter ot etle �'--
<br /> � to or saie of�ne Property without the permissbn of lend�r,fanure ta melntaln nquU�d insurance or to pay tax�s on ths Property�nl�owin9 the — -_
<br /> flllnp of a Iten senior to that hNd by Under,death of the eale Borrowmr obtipatsd undsr ths ObIlpaUone,nllavinp th�Wcinp ot the Proqrty
<br /> = throuyh eminent dom�in,or al�owinp ths Property to be toredos�d by a Ii�nhalder other than Under. In addition,an Ewnt of Dshutt�hall
<br /> aaur if,ns a result ot any ot th�following,the praputy.or any right of th�Lendsr in th�Properiy,Ia adv�rs�ly aftsCt�d: th�Bo�roWe��ill�al •
<br /> or any guuaMor at any ObIlpaUon commits vr�ste or otfienvise deatruoUvely usea or ta0s to mainteln the PropeAy,usee the property �9 ��
<br /> menner which may aub ect ths Prop�rty to s�►zun,or movas Nom ths Property:a judpmsnt Is filed apainst ths 8orrower,Orantar ot my ,xL„41F
<br /> gunrantor of eny Obliga�on;or on�of two Borrowero obllgat�d und�r th�OblfgaUona dlss. �_` _
<br /> �'�. Ig. R�tiNTS OF LENDER OH E1fHNT OF DEFAULL Upon the occurronce of an Event of Default undsr this D�ed of Trust.Lend�r ahall bs enUtt�d to `L��_{
<br /> j� exarclae one or more of th�tollowing nmedlec without nodce or demand(oxapt as reyuind by Iaw): ,;.__:--
<br /> � (a) to declnrothe Obtigatiana immedlately due and payable fn full,auch acaleratlon shall be automatic and immediate if the Event of Default is ,
<br /> a till��e under the Bankroptcy Code; �:
<br /> _�: (b)to coilsctthe outstanding ObligaUons with or wi�hout resorUnp to Judlcial procsss: __
<br /> (o) to require Grantor to deliver and make avalinble to Lender any personal prop�rty or Chattels constituNnp the PropeRy at a placs reuon�bly �_'
<br /> convsnient to Grnntor and Lsnder;
<br /> .� (d) to entar upon and take posseatsion of the PropeAy without appiving for or obtaining the appolntment of a rsceivsr and,at Lender's option,to y�
<br /> appoint e recefver wlthout bond,without flrat bringinp sult on ths Cjbllyatione and without otherwiae meetinp any statutory condlUons rqarMng
<br /> roceivera,it belnp Intended that Lender shnit have this contractual right to appolnt a roceiver, �
<br /> � (e) to empioy a managing agent of the Property and let the sams,etthsr in Trustee's own name, In ths nams of Lender or in the name at _
<br /> � Orantor,and recelve the rente,incomea,issues and profits of tha Property and appiy the same,after psyment oi nll nacesaary chargesand _
<br /> expenses,on account ot tne�ciipauons;
<br /> (f) to pay any sums in any form or manner deemed expedinnt by Lender to proteot the aecurity of this Deed of Trust or to curs any aenuit mhar
<br /> fhan payment of Intsrsst or princlpal on the OWigatbns;
<br /> (g) to foreclose this Deed of Trust Judicially or nonludlcially and to dirsat the sais of the Property through ex�rciss of ths power ot sale as
<br /> refersnced tn paragreph 20 h�reln,in accordence vdth applicabls law: -
<br /> • aa�ue mal;talnad w��ender o�any cutreMfy existing oe u u enaffil ate of Lendsr�uand'but not Iimitsd ta,monlsa,inatrumenta,and deposft —
<br /> ' p)to exercise nll other dyhte availabie to Lender under sny other written ayreement or applicabie lew.
<br /> lender's rtghts are cumulativs and mny be exercised together,aeparateiy,and in any order. In tha event that l.ender Institutes an aation sNkirp tt�e
<br />- ' � recov�ry of any of the Property by way ot a prejuelpm�nt remedy In an aotion e�ninst tirantor,Grantor waives the poatinp ot any bond wNch ml�fit
<br /> otherwise bs requlrod. Lender or Lender's desipnse may purch�se the Properry at any sale. Proceeds of any Trusbe's ssle hereunder s��l be
<br /> sppliecl N�st,to the costs and expenseo of exercising the power of sale and ot the saie,inciuding the payment of the Truatss's tws aatually incurred
<br /> ' � and not to exceed the amount which may be provided for in thia Deed of Trust,seoond,to peyment of the Obllpations secured hsreby,tNrd,to the
<br /> paymmt of Junior trust d��de,mortpapss,or other IlenhMders,and the baiance,if any,to the person or pereona IepNiy�ntlU�d ther�to, Th�P�aperty _
<br />� or any part thsreot mey be sold in ona para�l, or In euch parcds,manmr or ord�r as lsnder in ita sal�discrsUon may elect,end om or more
<br /> sxsrdws of ths powsr hsrsin pranted ahall not exlinpuish or exhauat the power unleas the enUre Prop�rty is eold or ths ObIIp�Uons are paid In iulL
<br />="�'`;�' � ,. 20. TRUSTEE'8 D(ERCISE OF POWER OF SALE ON DEFAULL Upon d�fault by Borrowsr in payment of any Obltp�ttona secursd hsnby, Under
<br /> • •`'r:; msy d�clars all euma e�cursd her�by immedlately due and payable and ahall cause to be filed of record a written notice of default nnd slecUon to sell
<br />-xM�. . ths prop�Ay. Atter the lapae of such time as then may be requtred by Iaw followlny recordaUon of such notice of dsfsutt,nnd noUce of e+ls hwinp
<br /> � bsen given as thm nquind by law,Trustea,without dom4nd on Orantor,ahali wii such prop�Ay,eith�r as a whole or In s�pant�parats,�nd In euch
<br />=�'�'1:�.; T •'` , ordsr as it or Lender may detormins,at pubilo auction to th�hlehest bldder. Truates msy poatpons the eals ot all or any porHon of ths Prop t�ty by
<br />=h� ., '.�t • publio annauncement at the time and place of sale,and from time to time thersafter may postpone the aais by publio announam�nt at th�Urm s�d _
<br />`• �-� plaa fixsd by th�prscedinp poatponsment, T�uatea shiil deliver to auch purchas�r its dssd conveving th�prop�rty,or pORion th�nof, eo sold,but _
<br /> - . without any cownant or wartanty.expreas or impllsd, fie ncitaia in such d��d ot any mattera of f�ct or othervviss shall Y�eonclueive proof M the
<br /> t�uthiuln�ss thereof. My person,Inciudinp(irantor,Truates or Lender,may Furchaae at auch sale. —
<br />, ���� ��•- 21. REQUEST FOR NOTICES. (irantor requsats that t copy of any notict of detauit and a copy of eny notia of eal�hsnund�r by mailW to�ach
<br /> �"'�.w''�' � peroon who la a party heroto at the nddro�a of such psreon set forth heroln et the eame time and In the sams mannsr rsquirod as thouph e sepirate
<br />- - • • roqw�t thersof hud bem fll�d by each such psrson.
<br /> y,,,;�,;;;;;:` �2. SECURI7Y INTEREST UNDER THE UNIFORM COMNIERCIAL CODE This Deed of Truat shell be consldsrsd n finandny atatemmt md a
<br /> �= � fixtun tilinq purau4nt to ths provisions of ths Uniform Commerclal Code (as adopted in the stat�when the PropsRy Is located�coverMp flrtura
<br />`'�,�.►'�;;_� �•� chatt�ls,and artldBa of p�reonal propsrty now owned or hertafter attachsd to or to be used In connection with the Propsrty top�th�r with iny Nd ul
<br />_�:_�- • rspt�cementa thereof and addittons theroto(the'Chattels"),and Grantor heroby Drnnte Lender e securitv Interost in euoh Chnttels. The debtarla the
<br /> � � Cirantor d�scribed abovs. The aecured party is the lbnder described above. Upon dsmand,Grantor ahall make,execute and dtlivsr sueh a�curlly _ �
<br />" ' agrNm�nn(as such term is dsfinsd In eald UnHorm Commerclal Code)as Lend�r at any tim�mny dsom nscsesary or proper or nqui►e to yrtnt to = --
<br /> ' l.ender a per}eoted security Interest In the Chattels,and upon GraMor's faliuro to do so,Lender ia authori:ed to eign any auch agreement es the�pent __ _ —___
<br /> of Onntor. Grantor heroby authorizes Lender to file tinencinq atatements(ss such term Is deflned In said Unlform Commercisl Code)with reaplct to �,.,__� --
<br />- the Chattels,at eny time,without the slgnature ot Cirantor. Grantor wiil,however,at any thre upon request ot Lender,sign such flnanNng�lat�ments. ��_--�
<br /> Grantor wlll pay NI flling fees for the Hling of aueh finaneing atatements and tor the refiUng theroof at the times requlrod,in the opinion oi lsnder,by �� '�°�° _-
<br /> said Uniform Commercial Code. N the Uen of thfs Decd of Trust Is sub�eet to any cecurity ayreement coverin8 tha Chattels,then in the eventof any
<br /> - dstault und�r this Deed of Trust,ali the right,title and Interest of Grantor in and to uny and all of the Chstteis Is hereby assigned to lender,together _`,��:��
<br /> with ths benefit of eny deposita or paymenta now or heroafter mnde theroof by Grnntor or tha predecoesors or suCCessors fn title oi Grentor In the - ,—�T v
<br />- Pr°p°rty -
<br /> - 23. REiMBURSEMENT OF AMOUNTS IXPENDEO BY LENDER. Lendsr,et LendePs opUon,may expend funda pncluding attorneys'feea and Iagai �°`�r
<br /> expenaesl to peAorm nny aot requlred to be taken by Grnntor or to exerciee any ripht or remedy of Lender under this Oeed of Trust. Upon demand, ;,2"".,;,'• ''
<br /> Granror shell ImmedlaMly relmburse Lender tor eil such amounts sxpendsd by Lendsr tapsther with Interest thereon at ths towsr ot the Ngh�tt�ate ,� ��
<br /> describod In any Obligabon or ths highsst mte a!Iow�d by law trom the dat�of payment untli Me date ot refmburaem�nt. Th�s�eums anatl be :'��:. , ;:,. .
<br /> � Includ�d In the deflnitlon of ObltgaUons heresn end shiil be secured by the beneNcinl Interest grnnted hereln. B the Obtigatlons ere peid aNer the ,.�,rr;
<br /> --.- _ . _ .. . .•'-- -'--'- -- �---'- -._.,�_� -.�,...__......��..w�..M.0 .�ue enl�e�minn n�rmit Gmnto(to DnY 9flYDaftOf thR '�+?'�.--
<br /> -. .�:-.. --F-�---� OEg mmny m puoncanon u��iouw v�aa�o.aa�mew��nu..u.�....�. .-.
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<br /> - -..F�----- --:-.... -
<br /> ObIlpaUona after the bepinning at pubilcatlan ot notia of eate,es hsreln provlded,then,Grnntor ahali pay on demand ail expenses Incurred by the ..
<br /> T�uetee end lender in connectian with nald publleation.ineludfng ressonabt�attorneys'f�ss to the attorneys for the Trustee and for tha Lender,and a
<br /> reasonable fee to tfie Trustes,and this Deed of Truat ahell be aecurity for all such expeneas and tees.
<br /> - 24.APPLICATION OF PAYME.NT3. All payments mads by or on bshalf of Grantor may be epptied against the amounta pald by Lender(inetuding
<br /> ' attorneys'feea and legal expensea)In conneation with the exercise ot Ita righte or remedfes described in thfs Deed of Trust and then to the payment ,
<br /> - of th�remalning Oblipationa in whatever order Lender chooses.
<br /> 25. POVYER OF A1TOqHHIf. Grantor hereby nppolnts Lender ae Ita attorneyln-tact to endorae Grentor's name on ail Instruments and other ,
<br /> documsnri pertdninp to the Oblipetlona or Indebtedneas. !n additlon,Lender shail be entitied,but rat requlred,to pertorm any action or execule any
<br /> document rsquksd to be taken or oxecuted by Grentor under thls Daed ot Trust. Lender's performance of such acNon or executbn d such
<br /> document8 ahaJl not relieve Grantor trom any Obllgatlon or cure any default urtder thfs Deed ot Trust. The powers ot attorney described in this Dced
<br /> of 7rust are couplsd with nn Interest and are Irrevocable ,
<br /> 26. SUBROdAT10N OF LENDER. Lender shall be eubroyated to the righte of the holder of any provious lien.soeurity fnterest or encumbrance
<br /> _ discharged with funds advanced by Lender reperdless of whether thess liens.security intereste or other encumbrances hc+ve been released of iecard.
<br /> 27. COLLEG'fION COSTS. To the extent permftted by iaw,drnntor agrees to poy Lsnder's reasoneble tees and costs.Includfnp.but not limlted to.
<br /> fees end costa of attorneys and other agente(includlnp wlthout Ilmftntion paralspnla.el�rke end conaultenta),whether or not such attorney or epent Is
<br /> an emptoye� of I..end�r.whlch are Incurred by Lend�r In coil�cting eny amount du�or entorcing any rlght or remsdy undsr thle O��d ot Trust.
<br /> � whethor or not euit Is brought.ineluding.but not Ilmiled to.ctll fees and costs Incurred on Appeal.In banktuptcy.and(or post•�udgment cdl�bn
<br /> � pctlons. �'k� �
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