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<br /> ;; 10-OZ-9998 •� DEED OF TRUST Psge 2
<br /> Loen No 781719 (Continued)
<br /> � Tnist ahali have the m�anin03 atGltauled lo&uch torma In tho Unitorm Commerel�tl Codo. M ratwo�oes to doltar nmounts shall mean amounta in
<br /> ° ` ' iewful money of the Unite6 Siates of Amerlos�.
<br /> ,« .
<br /> , Quarant0l. The word'QuSrantoP Means and Inctudtrs wlihout Iimitatlon nny nnd nll guamntora, surobos. and accommodatlon pudios In
<br /> conneotlon wlth tNe indabtednos�. �j
<br /> Improveme�U. fie ward'tmprownl�nb"means and fncludes wlthout Ilmitatlon atl exlstirp end tuturo ImproverrteMS,buildinga,shuctures,
<br /> . moblte homes e}Pocsd on tha Ree�P�a�eAy,tscililles,addltlon�,replaaements and other conswatlon on the Reat Properly.
<br /> , trtII:Lt��no:a. Th3 rtard 9nd�btcdress'mc�rrs ntl pdncipN nnd intcrost paynblo undcr 1ho Note nnd�ny nmounb e�ended or advenced by
<br /> Lender to dLsoharge obUeadons ot TnGtt�or e�enses Inaurred by 7rustee or Lender!o enface obugauons of Tnistor under this Deed of Trosf,
<br /> topether wit0 Interest on euch amount�.es provided in lhis Oeed ot Trust. In additlon to the Note,the word"Ind'btedness'Inctudes all '
<br /> , :�' Obtipaflot�s,debfs and 118biYtles,plus lii. t thereon,of Trustor to Lender,or any one or more c}them,a3 wetl ss all cfUms by l.endsr against
<br /> � ..r Trusta.ar 8ny one or more ot them,v��r now oxiatinp or hereafter arising,whathar re�ated or unretuted to the purpose ot the Note.whether
<br /> � volur�r a othervaiSe,whether dueo(��101 due,sbsotute or contingent,Ilquidated or unliquldeled and whether T�ustor may be Ilabie IndlNdualty _
<br /> or Jolnt�r with others,wAether oblleat��t as guerantor ot othervdss,and whethar recovery upon suah indebtedness may be or hereatter may ,
<br /> � becoa►s bamad by any etutute of ItmMaHons,and whether suoh Indebtedness may be or hereafter may becoma alherwlse unentorceabta. �
<br /> Sp�lry,�ailhout qmttsdnn, thls Qead ot Trust seCUro9,in addmon to the amounts spec�ed in the Note, ell future arteaunts Lender in Its � � ,-
<br /> ° � disexeUOn mey loan to Tnist r togStAer wllb_nll I�irqat theieom,however in no event shail h y re edvanca�s(exdud(gg IMerast)exceed In ;'__�
<br /> the BgQrepstp SBS,ODD.00. �E 1 en of thts l91ld AT Tmat sh�li not exceed e�en one ttme S8�o0a.00 ��.,
<br /> � Hote. TE�a word"tlate"means the Nate aMed October�,tt�e,(q f l tA p r ino tpa t amou n t o t 5 6 9,0 7 0.6 0 trom Trustor to lsnder, �.�:
<br /> • together�vtth aN renewais,extensions, modtNCatlons,raflnanctngs,and subsdtutlons tor the Note. '�e muturity dats of this Oeed ct Trust is �--
<br /> � - OCtobet 8,P003. �''°
<br /> ';. Personal Property. Tha words"Peisonel Property'maan BII equfpment,fbctures,and other er�des ot personel properly now or hereafter
<br /> � ownsd by Tiustor,and�ow or hereafter attachsd or afPooed to the Reat Property;4ogether wflh a0 aocessions,peAs, and addlHons to,sU
<br /> � rcptaprt�a�ls ot,an0 atl sub�tilufians for,a�of suoh e�.and together with eA prooeeds {fndudinp withoul Nroltadon alt tnsurancs _
<br /> : '� proceeds and retunds of premtums)kom any seie or other d�is�posidon of the Properly. —=.
<br /> . Properly.The ward'Properly'means ca8ecdvety the Reai Property and the Parsonal Ptop�ry.
<br /> ° Aetd Ptopetty.The words Real Property►'mean the property,irderesb and rtpMS described ebove in the"Conveya�sce and Qreni"soc�on. �
<br /> Re7ated Oocumenla. The wads'Aelatad Oocumsnts'mean and indude without IlmltaUOn ail promissory notes,aedtt agre0menfs,loan
<br /> �� �� egreemeMs,enWronmertfai agreeme�..guarantles,ssourtly agreements,modgagos,deeds ot trc�st,and ell other InstnNnents,agreeme�s and o�:::
<br /> documenta,whether now ar hereattet�dstlng,exeautad in conneotlon wtth the Indebtedness. �" �
<br /> iie�ata. The woM'Rents"mesns alt M and future rents,revenues,inoome,issues,royaitfes,proflts,and olher benefds dedved irom the `'�"
<br /> p� °s_r°:-
<br /> prppgdy, -
<br /> ►r' •: ���_-_
<br /> ., _ . ` � Tn9etpr. The won!'frustor rteeans onyand ell persons And entfUes eoreeuting this Deed ot Tmst,indud�wtthaut Ilm�etio�eU Tnistas named �.� .-
<br /> ebo�re. �:�}
<br /> �� THf3 OE'ED OF TRUST, INp.tJDlHti TF�ABSIGNMENT OF RENTS AND 7HE 8EpXi17'Y iNTEREBT IN Tt£ FIENTS AND PERSONAL -
<br /> _ _--y-= n�vrcn�i,i8&i�ui i�o'�L�+B tif�:.Ytnr."".3T�YtS iiSD�i�D.`3�..°.°.! '� (:j!°'�r 3F�Ji�k.�OF�Y P3�?l33..�.!!�A . a O F , _
<br /> " iRUSTOR UNDQi THE NOTE,TME RElA�EA OOWMENTS,AND TIi18 DE�D OF TFiUST. '�HIS OEED OF TRUST IS GIVEN AND ACCEpTE� __
<br /> . � ON Tt�FOLLOWlNO TERMS:
<br /> PAYM£l�1T AND PEFiFORMANCE. Exoept as othervv'se provtded tn this Deed ot TNSt,Trustor shei pay to Lendsr etl amounls seeured by this Oeed
<br /> ot Trust as they becom8 due,ttnd shali s!�otly and in a 8mety manner peAotm atl of Ttusto�'s obilga8ore under the Note,thts Oeed oi Tnut.and the
<br /> Reiated Documenta , .
<br /> ' P09$ESSIOII AND MAINTENANCE OF TH�PROPERTY. Trustor agrees that Trustars posse55ion and tne ot Me Properly shetl be governed by
<br /> . the laQawing provislons: ..
<br /> • Posseasi0n and Use. Untq the xourranoa oi an Event of Detauft,Ttustor may (a)rematn in possesslon and conUol of the Ptopedy. (b)use.
<br />� operete or menage tha Property,and�(o)copeat arry Rents trom the Praperty.
<br /> , Ouly to Mdntatn. Ttustor sAali mai�datn the Properly tn tenantable conditlon and promphy perform ap repairs.repiacemerns.and maintenance
<br /> �ry to preserve Hs vaiva. .
<br /> .,. ,'t. ....,.. Flvardous Subaunqs. Tnisto►rep�eserts and warraMs that the Property never has been,and npver will be so tag as thts Oaed of Trust
<br /> rematns a Ilen on the Property, used tor the peneraUon, manufacture.storege.trea6ne�,disposal,reiease or threatened release of eny
<br /> ,. ;..�. ' hemrdoua waste ar substanca.es those temis are deflned in the Compreher�slve Environmentat Response.Compensetlan end�IebiBly Aet of -
<br /> ,..:,. . , 1880,es amended,42 U.S.G_ SeeUon 9601.et seq.("CERCtA'�,the Supert�end Amendrnents and ReauthorimUon Aet ("SAFtA�,applfcabte
<br /> st[tte or Federel Iaws,or regufatlons @dopted pursuant to any ot the foregofng. Trustm aNho�es Lender and itS apents to eMer upon the _
<br />_� i Ptaperty to make sUOh I�speatlon.s 9nd tesls es Lender msy deem epproprtate to detertntne compllance of the Properry with this secUon of the
<br /> Oeed ot T�ust Ttustor hereby (a)�etea^�es and weives any tuture ciaims sgainst Lender tor IndemNly or conhibulon In ihe eve�Tnistor =
<br />- becomss Ilebte for deanup or other casfs under any such laws,and (b)agrees to tndemdly and Rold harmless Lender ageinst any and aIi ;
<br />=� datms and tosses resuttlng hom a b�eaoh of this psragraph of the Oeed of Trust This obftge9on to indemniy sheN suHve the pay�rtent of the - _
<br /> •� � Indebtedness and the saUs(action ot.t�Oeed of Trust. _
<br /> '� __ ._ Nuis�nce�Waste. Trt�stor shatl n�t cetuso,conduot or petmit any nulsanoe nor commR,permit,or suHer eny sMpping ot or waste on or to the =
<br /> �' ,. Property or any portlon of the Propedy;Without IimIUn9 tho generality of the foregqing.Tnukr wW not remave,a yre�to any other party the "
<br />- - ' �tpM to remove.any Nmber,minerals M�uding oil and gas1.soll.9ravet or rodc produois wlthaut the pdor written consent of lender. _-
<br /> -• . .,.�,., �. Ol�ON SAt.E-CONSEM BY LEHDER. lender maY,et its opUon,dealere immediately due and Payable eU aums seCUred by this Qeed of Trust _-
<br /> . :;,�,,, a opon�e ssie�ar hansier.without tf�e Leri^et's P�or writlen tsor�M�of elt or any part of the Reel PraPerb�ar any interest in Me Reai Pro�iy. A --
<br /> �;;>� , ;, 'Sate benster'means the comreyenoe o 1�eiU PropeAy or&�ry rfgM,tlUe or inter�.st thsretn;wheU�er legat.beneflcFa!ar equ�able:whether votuntary _-
<br /> �" .'.�� r or tnvotuMary;whether by outrigM sate.�,fns�lmedt sate oo�raat.tend contreat,contract ta deed.leflsehotd Interest with a term yreater than �� -
<br /> � � three(3)years,lease-op�on contnaet,or1�sate,asslgnmeM,or trartsfer of arry benefldal interest (n or to land trust hotdl HUe to the Real Q�__
<br /> . PfOP8�1Y.a by any othet method ot co f W B l►81�09 Ot R981 PlO�l6Ay 1M6�Sf. I}8tty TtUSfOt iS 8 CpPOt9U0n��19ISNP Ot Yrtllled�l�ly COrtlpBrty� --�L=
<br /> transfer elsp indudes any ohange fn owaxsNp ot more than Mrenty-Nve percent(2696)of tha votlng stock,partnership i�or Iimited ifebtlity
<br /> " . �. company interesb,as tho case may be.of Trustor. However,Mts opUort sheli not be exerc�ed Oy lsn�er If such exerois0ls prohibited by tederal E:��
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