|
'-z�� �vf�2(��., . _ -. . �bJ�t{n�j��Ra ,b . �a'�'iY�7z''y .,_1`'' ��'.t1���W��'EL:.�'��.'�sv .�—i,:���i'��'�� .�.... _��`� .P�---r -+y�S�.i�c.-.-
<br /> - '�r�� ; � - �._�L -� �'�� � -�7rY:e� "}� �:R�Y�� � �1(�,ti 1� _ x_. _ . { -
<br /> , - _ . �r-q'.h q c) �t ' •( � . . ,nll!�'t ' , f t . __J � ' -_
<br /> 1t�5''JWNJI��}1 -)� � ' . �-- .t i=arl+r�_ J - 1����
<br /> ti�z ..n�� : �:: . ;�� ,���,,,, .. �,
<br /> :.�, • Z�; :� , �l:. _,`�. ,.
<br /> . •<,'a��'.. �.
<br /> :4;,...
<br /> • ;
<br /> • ...� - .. � .
<br /> .�
<br /> aMq�F �a
<br /> . . • .
<br /> . �.. �p.r._.. . , - .
<br /> .. • � ,
<br /> „
<br /> , . .. � . �. .. � .
<br /> �.�...r._� .— _._"'�----'-..... ....._ ::....._ _..: . .. .. .... " . . ... � . . -....._._., .� . .�._.�J�
<br /> 11� LENDEA'S(iKiHT TO COIIMI�ENCE OR OEFEI�iD LEGAL ACTlOHB. Grantor shail irm�ediatery prodde Lendar with wrltten notioe of any actuet or
<br /> threatotred eetion,suit,or other proceeding aHucUng tho Properiy. t�rantor hereby appofms Lender as fts atlomey-in-tact to oormaneo,intorvone In,and
<br /> defond sueh aWions,euHs,or olher�egal prooeedfngs and to oompramise ot setUe arry daim or aa►trare►sy neining theroto. lender ehail not be Ilabto to
<br /> � drantor for any action,ertor,rtistelca omisslon ar delay porteiNng to the aottons dasalbed in tNs or eny damages reaulUng thoretrom. Nothing �
<br /> , oot�triined hatefn wlil prevent Landor�rom taWng the actiona deserlhed tn thls paragraph in 8s own nerre. �
<br /> 12 INDENNIFlCAT10N, Lsnder shali not assume or be responslble for the pedormar►oe af any of Grantor'e obligations with respect to tho Propeny uMor
<br /> • I any droumstancaa. Cirantor ehatl Irmiedately provldB lsmier wttb wrttten noUae of and indermity and hold lertder and fts shareboiders,direetore,oHioars.
<br /> � ertployees and agemo hamiess trom eU dalms,dar►�ges.Ilebtlriies([ndudtng attomeys'fees and legal e�enses),causea of actlon,ectlons,euHs end
<br /> � o�ho�te�n{prooeedinga(curra,Iet(vaiy'Cldrrss�psrtalning to the Prop3rty(induding,but not Ilmiled to,those InvoMng Hazardous MaterieJa). Qramor,upon �
<br /> � tha tequeat ot Lender,shall hire legai oounsel to defend Lender fram sueh Clalms,end pay tho attomeys'fees.�ega�e nses end other ooats Inwrred In
<br /> • oonnection thorewith. In ths eltemative,Lendet shail 6e entltied to ertp►o�Rs own legal eansel to defand such C�ms et�rantora ooet• d►antota �
<br /> abllgaUon to indertnlfy Lertder under thio para�aph shell eurvhre the terminat on,release or bredosue of this Oeed ot Trust.
<br /> � :� 19. TARE8 ANO A88ES3MEM8. Grsntor sheli pay ell taxes and assessrnerrta reiating to Properry when due and imnedietsly provide Lender evidenoe 4
<br /> � �" of paymerrt of eart�. Upon the request of Lender,Qrantor shall daposit with Lender each mornh one-twelfth(1/12)ot the estimated ennual Insuranoe f�
<br /> __ ..� , prem(ucn,texes end assessme�s Pe�►�ng to the Properryr 30 long as there is no detautt,ihese artbunts shail 6e applied to the paymer»of tezes.
<br /> aocoaammte and insuranee as recNired on the Property. in iha event of dafauft,Lender efiali have the rigM,at its sole opUon,to apply the(unds so heid to ' •�--�•
<br /> f R.w.
<br /> pay any texes or agetnst the ObligaHons. My tunds appl(ed may.at Lendar'a optlon,be a�lled In reverse order of the due dete thereof. •:;fi;;r.
<br /> . .;y--,�_
<br /> � 14. IN8PEC710N OF PROPER'�Y.B001(S,RECORDB ANO REPORTS. Qrantor sheq allow Lender or qa agents to ewarrine and Inspect the Property •,,.=f.:�:
<br /> � and exemtne,inspect and make wWea of CireMors booke and teoords penatning to ihe Proaerhr from ttme to time. Grentor shall provide any aselstenea ":�..,:�--
<br /> tequlredpy Lender for these purposes. All ot iha shmaturos and Ufom�atlan aomeinad in Cirarib?s books end records ahail be genuine,true,exurate and ;Wt�:j_
<br /> ooRpiete(n ali respseta. arantar sheii note the exfstenee of LendePa benefldal Interest In fta bool�and recordape�teining to the Property. Additfonally, _
<br /> tirentor Bhail report,in a form�atistaetory to Lender,sudti iniom�atlon as Londar may re est regardng(ireMor's iliandal conditlon or the Property. The
<br /> , � IntamieGon�a�l�ed b Qrantor to lsn er hall be true�a�w re�arM compiete in all�respeds,ar��ed�by�re tor Il Le n yde►requs�sts.�y designate.All ��-
<br /> infmnation Y �": `.
<br /> - ---._.__ '._ �r• r —
<br /> �E, E$�pp�l.CER'IIFICATEB.Wf�tdn ten(10)days after eny requeat by Lender,Qrantor si�ell daWer k Lendec,a any imertded transterea of Lendets *��'�'-
<br /> fIgT1I8 Wlih T96pBC!fO tI19 Obll$SUOt18,a signed end aGmowiedged atatement spedlying(a)ihe o�nsteredmg batenee on Uw 8u1�atIans:and(b)rrhothcr
<br /> t�ramot posseases any dairru,defanses,eet-ofts ar ooumerdeims with respeq to the Qbllgatlare arM,it so,the nature of such defms,defenses,set-otts or
<br /> ara
<br /> ' #. oounterdatms. Ciral►tor wiii be condushrely bound by eny rep►esentetion that Lender may make to ihe trrtended transferee with respect to ttrese matters in F;i:°�'�:
<br /> , � the evert ihat Qrantor feils to provide the requested statemarrt In a tknely menner,
<br /> . ilxiGd�.
<br /> i:;<,;;�. f�. 16. DEFAULT. Grencor shell be In datauR under this Deed of Tniet ertd the'Ituatee's power ahe0 heoome aperaWe in the eveM that(irentor.Borrowar or -----
<br /> ��•t,:,, �,, ' enyguarantoroftheObligatlons: �`•.�°
<br /> �+ (a) faiis to paY eny OhligaUon to Lender when due;
<br />. ° (b) (alis to perfom�anr 01�09atfott or breaches any war►amy or covenarit to Lender oorneirted in tMs Deed of Trust or arry other preserrt or finure _
<br /> agreematrt�
<br /> . � , c destroys.loses or darnages the Prapeny in eny rtreterleJ resped or subjeets 1he Propetty to saiwre,ooMivaUon.a condermation;
<br /> �d; caeks to revake.teminate or otherwise Ilrtit fts Ueblihy under any gueraMy to Lender,
<br /> .. ,�•'�`;, ,. � �a) d►as.baoornea tegatty ir�ovrd+etent,ls�ssoivsd ar ic�s3n�ted��mes l.�ahrerrt.i!l�S9 @t!�!�?mam Mr*tre heneflt of creelltnre.teils to PaY , -
<br /> ;:�,r . � . dabts aa they beam�due.flles a peUtlon under the tederel bsnlaeptey Iawe,has an knrohmtary paiiUon in brinlwptey flled In whloh C3rentor.Bortower v
<br /> or eny guerento►�s ns�med.or has poperty teken under any wrlt or procesa of oourt;
<br /> (galtows goods to be uaed trenaPoRed or stored on the Property.the poasessbn.trenapoAa�on,or uea of whteh.ls ulegal:
<br /> )a1(ayus any pany other than Grentar or Bortower to assurre or undeneke erry Obllgatlon whhout thewritten eonsem of t ender.or
<br /> ,.• (h) �auses Isrtder to doerr�ftselt insecure due to a elgniflcant dedlne fn the value at the Fhoperly:or U Lender.In good lalth,tor any taason,belleves
<br /> '. thaA the prospeet ot payrtierit or perfortr�noa Is Irtpalred.
<br /> • �� p�GHTg OF LENOER ON DEFAULT. If there fa a default under thls Deed of Trust,Lender shell be errtfUed to exerdse one or mora ot the following �
<br /> . . � ramedes wltltout noUoe or demand(exaept as requtred by law):
<br /> . .,.,,� ' (a)to dedare the Cdlgetlona Imr�edlately due end payabla In tull:
<br /> • .. (b)to edleet the outste��ri80bltgaUons wfth or without resorting to Judlclel prooess; �Chmtels aonsddrting the P�o at a plaee reasonaWf�
<br /> � (e) to requtre Cirw�tor to ddNer end make aveilabte to Lender any Pe►sonel P►cPeny PQ�
<br />-� � aomeNent to(iramor end Lender,
<br /> t'`�';��.,;.�;�� (d) to errtx upon end talae poaaesston ot tha P►opertY wlthaut applytng tor or obte(ntng the appol�n►erR of a►eaatver and,at Lendars optlon,to —
<br /> ,;_;_,:v_ .. appolrrt a reoetver wtthait bond.wfthout flrat brtn�ng suft on the ObIlgEnlorre and without atherv�lse rneeting any stabttory oondlUona regardn8
<br /> reoelveta.ft belrtg finended Viat Lsnder shall have thfa�dght to eppolM a receM1rer:
<br /> �•��;F;3�'.s: (e)�ertpay 8 managing egent of the Property end let the sert�.elther In Truatee's own r�aroe,In th0 name of Isnder or In 1he name ot CireMor,and
<br /> _;,'��ir`.`,`''i'�`��• reoelw the reMs.N�oorres.Iacues end proflts of ffie PropeRy and apply the serna�after paymant of aU rre�essary ehargus and expenses,on e000urA of
<br /> �-,;-�d-�:� tF►90bllgeilons:
<br />--v4+�;..,,,..�,
<br /> ,r:; � .�` � (�1 to i�9�Y surro In eny(am or menrrer deemsd expe�em hy londer to proteet the securiry of thb Deed o}Trust ar to are any deiault other than
<br /> . .. payrrerrt of tnterest or pdndpel on the Oblfgedons� - --
<br /> ° . , (q)to forodoae tMa Qeed of Ttust Ju�dally ar nonjudidally end to dfrect the eale of Me property @�rou�►ezerelsa ot the pawer of sale as reterenaed In
<br /> � -`...�.- paragreph ZO he�eot tn a0000rdsr►ae wtth eppUcahie law: ._
<br /> ,+.`r,;,t'".:. (h)to aet�off Cirantore Obllgat[ons agalnat�y errourne owed araMorhy Lender Indudng,6ut not timlted to. monles.lnsuumerrts.and doposlt
<br /> aoocurrte melntalned wNh Lendsr or eny airteMly e�dsttn9 a fiAUra afHllate ot Lender,end
<br /> ,_�;�'-': .�: - p)to execdse atl other dgMa avalleble to lsnder undor sny othar wdnen agraement or epplloable law.
<br /> 'i'T a- �+,�t L,endere�!�a are cumulaWe end may be exetdsed together.saParately.artd tn any order. In the e��er�c that lendor Inatldrtes en aallon sealdnp the
<br /> ;;,^x•*�� reoovery oi eny of the Properiy by weY ot a preJud�rt�s�1 BmedY In an aetlon agalnst Qrentot.ararnor waMea the rosUrtg of any bond whloh mtght
<br /> '�:�'?x'='' otherwlse ba requtred Londer�ts+wefs eiesi�ee may Qurd�ase U►e Praperry at any sale. Proaeeds of atry Tn�stee a sels hereunder shaD be applfad
<br /> `:~��°-�- � ftrat.to the a�sts end expenses of exerdsln lhe r oi sete and ot the sale,Induqing ihe pa nt ot the Trustee's teea setualry incurred and not to `
<br /> exaeed the ertauM wboh maY�P����n ls Oaed of Truat.seoond to payrr�am ot the O�tIan secured hereby,miro,to tha paymer�t of Iunfor
<br />- • �--- Vust deeds�mortgages or other Nenhotders,and tha balanoe�H eny.to the pereon orpersona�y entiCed thereto. ThepropeAyr or any part thereoi may
<br /> ° • y���a�paroel,a�in sueh pareels,manner ar order as Lender in fts aote e8saetfon rttay eleet,and ane or rtnre exerefaes of the power herein granted
<br /> , ye � le sold ar the obllgattons ere pafd In it�. __---
<br /> ' � e�mll not e�alnAutsh or exhauat 1ha er unfesa tha emlre praperly =__
<br /> � 1g, TpUgTEE'8 EXERCISE OF PONYER OF BALE ON OEFAULTs If Lender eleda to eell t�rantar's Imerest In the Propeny by exerctse ot the power of ! -
<br /> p,�'� sala hereln a o n t e l n e d.l s r i d er s h a q rt o t(t y 1 Y u s t e a t n t h e rt m n n a r t h e n r e q u l r e d b y l a w.
<br /> oy
<br /> � �.ti:--r-�
<br /> .,• , ,j. �pon�eoefpt p}euoh noUoe of tander end at the eBreWlon ot Lunder,Trustea shall cause to be re�arded,puDllshed and deqvered such notloes of dafauh =;
<br /> ';; � � end noUoes ot sale as may then b e requt r e d by 1 a w a n d b y t h l a D e e d of Troat.7mstee sheN.d n l y at the�redlon ot Lender end wBhout domend on Qrantor. �.c•-
<br /> ���.,;y�� �:. aRe►such 8ma as may then be required by law and atter�eordatlon of euch noUoe of defauft mM sRer notke of eate having been ghren a�requlred by Iaw. `�=:
<br /> �ry�proper1y at t h e Ume a n d p l a a e o f e a l e fl x e d b y ft!n s u c h n o d o e o t s a t e,e l t h e r a s w h o l e o r E n�m e l o t s o r p e r o e l a o r k e m s as Lender ehall deem ;^°�.
<br /> �� : �ent,and In such order es h rtray detemine�at publla aucdon to tAe htghest btddar for cash tn lawful money of the United Sfates payab�e at the tlme ot 1-
<br /> -_L------- e..,at�r�ea mav d�en be reaulred bY law. Trustee shaE delhrer to suoh pureheser a purchASe�s thereof its good end suHiGent deed or deeds ,.�_.
<br /> .-- - - ' .�.�^�_"-"-. .a_���..- .../aw�..IW b = -
<br />. �ygyj��9 p(Op@Ry SO 60�d.b1fl MI�ITIOU[8I1�1 OOY8118M OI W8R8�Ry.97Qx6E6 of implreti. tlte ieiaafiw ni aiia�w'ov u�dy..o....�...�—�.—--
<br /> � COfIdUBM@ pt00�0��truth�futrtasa thne�sato�etl ar any�porUon��P�ropen�y. on.Grantor.Trustee or ler►dar.may purohese at suoh sele. Trustee may ..
<br />_ In ffie rronrrer P►ovt bY Po�A°
<br /> 19. REOUEST FOFi NO1tCE3:Cirantor requeste lhst a ooPY of any notlw of detauR and a oopy of any nmlce of sale hereundar be matled to each person
<br /> who Is a parry hereto at tho ad�tress of such pe►son set forth hereln at tha same tlme end fn the sarrn rt�rhor req�+f►ed as though a sep�r�rte request thareof •
<br /> • had baen ffied by each sucn pena►. '
<br /> Papo3d8
<br /> NEDOTC Ra.t7/87
<br /> i
<br />
|