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<br /> � . (d► GranWr has tho rfgii!arid ia duty authoriied to execute end pedortn its Obllgetiona under this Qeed of Trust and theso acUons do eW und . ,
<br /> . s1�a11 not conitfct wtth Oie prwistons of any atatute.regutaUon.otdlnanee.tu19 of Iaw.contraot or other agreESment whlch may be binding mt , ,
<br /> � _ �`j Grantor at any ume;
<br />_ ' . _ . �j (a)t�to action ar pmceeding is w shatl ba pending or ihreatened�vhtcb miflht mate:taUy altact the ihoperty:end `�' , ' - ' •
<br /> (� QranWr has aot viotated and ehall not Viotate any stacutQ.�egWetton,o�aintu�ce.ruto ol taw.contraat or othcer egroomont Mctudtng,but not
<br /> � • '; limited to,tAase garerning Ftazardous Matortals)vrhtch mtght matotlafiyafteet ihe Raporty ar Lendet's tt�hta or tntetost(n the Ptqperiy putsuant
<br /> . . � to this Deed af Trust � �
<br /> . 9. PRtOR UEEDS OF TFtUST. (3rantor represents and vm�rante Qtat thare are�ro prlor deeda of trusl afteeUng any parl of tha Property axoepi as set . , . ,
<br /> � � torth on Schedufa B attacAed to thts Qeed of Trust,which Qranb�r egree9 to pay end pertarm in e Umely mannsr. If there ara any priar deeds of trust �
<br /> . then tirantor agreea to pay aD amaunts owed,endpe�torm ell o4tigatians coquBed,under sucA Qeed9 0}trust end th�indebtedness s@cured theceEy � , . F '.
<br /> and icuther agreea Ihat a detaul!under any prtor deed ot Huat sAall bs a dataalt under tAis Q�ead ot Tnmt and shaA e�l4o LenQet to eli dghts and
<br /> �emedies oontained hereTn or tn tAe OERgadons to whicb Lender vrout�Ea enU4ad in tha event of any other detautt ' "
<br /> � �� --- 4. TRANSfrEH5 OF TNE PYtOPERiY OR BENEFlC1A1.IHTERESTS IN GYtAl�TCAS OR BOtiROWEAB. tr�the ovent of a sate.camroyance,leass� ,
<br /> cantrad tor desd or trenster to any person ol ffiI at any part of th9[ea1 properiy described in$chedute 0.or any interest tlteretn,ot o1 all or any - - - —
<br /> � .',� Eansfldai L�terasi tn Borrawer or Grentor Gt Borcowet o�Qrantor ta rtot a natural poreon or persona but is a wrporaUon.Umttsd IiabUity company, -- _ --
<br /> ; !:� partnership.truat,or other tegai ent3ty�.Lender may,at its option,dectaro tt�e aubtandin8 PrittNpal batartce ot tRe QbligaUons ptus aeuued interest . ..
<br /> thereon immediffiety due end payabte.At Lender's reqaest,Qantar or Borm�rrer.as tha cass mny ha,shatl tumish e comptets statement setting torth R .
<br /> _ all 01 its stoddwtdera,memuera,or partners,as appropr}ate,end the extent oi thetr respective ownership trrtereste.
<br /> 5. ASSttiNtAEHT OF tiEP11S. In oons(deration ot the Obligations whicA are secured by thf9 Oeed o1 Tcw^1,Grantnr absntutety asstgns to Lettder aR _ . `
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<br />- � Granmr a estate,dghL tiUe,intetest,cislm and demand now owned or heteattetacqufred in eli ex(stfng ertd tutuce leases ot the Praperry(incfudlng �
<br /> " � exteastona renewa3s and subiea�s).ali agreemcnta tor uas end o�upanay ot!fie Property(ail auch Ieases ead agreements whether written ot oraf, .�-s, <::,.�
<br /> . ere hereafter retarred to as fhe'Leases'i.end ail guaranUae of tesaees•pertormance und�.lhe Leasea,tagethet wftb the tmmediate and eonUnuing '`':. �'+ r•. :
<br /> . ` dgfit to ooliect end�ecetve aD of the rents.tncame,recelpfa,revenues,Issues,pmSts and�Ner inwme ot any nature now ar hereatter due paduding -�,' _
<br /> � � = any income of any natuse coming due dudng any redemp8on pedod)under the Laases or 1rom or ar(sing out ot the Pcoperty,induding mtnimum ,..
<br /> rents,additional cer�s.percentage rerda,paddng ar common area matmenanee contribu8ons.tax artd insurance contrihuttans,deftetency centa,
<br /> � UQuidaisd damagea foltowtng delault In eny Lease,ell pro�eda payable under any pol[cy ot insurance cavering toss of re�ta rasulUng irom �
<br /> . : untenarttaLiiiry caused by destruction ar damage to the Ptopariy.aU pmweds payabia as e rasuft ot a lessee's eae�tse of an optlo�to purchase tAe -F. ., �:,,
<br /> . � � � Prope�ty.a►i proceeQa derived from the termtrtaHon or rejeqlon o!aey Lease in a bart4auptry or other insoivency praceeding.and ati ptoaeeds irom � _�. ,
<br /> - .. � O any dgfits and ctaims ot any ktnct whtcb Grantor may have against any lessee ander Ute Leases or any acaparns of the PropeRy(a0 of the ahove are ,
<br /> hereafter oaltecSvety referted to as the'Renb'j. 7tfls asstgnm9nt ta subjec!to ttle dgilt,Power aad autAodry ghien to the Lender ta eolteet end epAty ' `
<br /> the Renb. ihis assignme�d is reco[ded in accordance vyith apQtiaaLle state law;Ihe Ilen created by this essignmeM is intended to be speeit�,
<br /> " � pertected,aM cfioate upou the rewrding of th(s Oeed ot Ttust,all ea ptovlded by applic86(e state!aw as amenQed from time to time. Aa long as ':,f
<br /> ' `-,� t there�,no detauR ar►der the ObligaUons ar this Qeed o!Trust,Lend�r granla t3rantor a revombte Raense to witec!atl Rents fmm tho Lsases when
<br /> � , Y` due aid w use such pwceeds in C�aanmr e business operatlons. However,Lender may et any dme�equire�iranntor to deposit a!1 Rents into ar� —
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<br /> �,�':�, :. �accauni maintained by Grentc�or Lendet at Lendet's InstituUon. Upon delsuit tn Uie payment oi.ar(n�e pedmmamce of,8ny of the Obligations,, ' -' , -
<br /> . _ �Lender may at ita opUon take possession qi the Property end�ave,haid,manage,tease and operate U�e Rroperty an terms�d tat a perJad af Uma `__i- •
<br /> • that teadet deems proper. Lender may prooeed ta cottect and recatva atl Rente irom the properiy.and LendeQ sha0 Aavs tuil povrer to maice !_�=
<br /> � ' ' .. • �IteraUons,rerwvatians.�epatra or replacemerits tn the Pmperty as Lender may deem proper. Lender may p(y a9 Renta in LendePs sata discretion . • . ` ,�`�
<br /> � �� tu psyment of the Obligatlons or to the paymer�t oi the cast of euch slteraUons.�enovations,repaI�s and re�aceme�ane anyexpenses Inddent to , =_
<br /> '•' • ,`:`'' " tatcing and retatning possesslo�ai the Pmperty pertoAlcaliy and the menagement and operatton of the�periy. Lender may keep the Property .y� ��,;„�
<br /> '•:� property insured en�may�scharge any taxes.charges,claims,assessments and other Itens which may accrue. The expense and cost of th�e , -
<br /> ,.;t: �-�., actions may 6e paid hom Iha Isenb received.end any uc�paid amaunts shall be added to ihe pdnctpat ot the QOGgatiorts Thesa emounts.tagether �'-
<br /> � wTtlt other casta,sfiafl becm�re part ot the Obfigattn�sectrced Ey tNs Oaed oi T�ust :�•,:
<br /> � • 8. LEl1SES AHD�TFiER ARREEMENiS. tiran:ns ahatl not take ar fail to feke any acrlon whicf�may cause or pemrit 1he termfna8on or the • ; _
<br /> �'� wilhhotdtng ot any pay�neul In aonnection v4tb eny Lease pertalning to tha Pmperty. M addi8on,Qrantor,without lender'a prior written consenb stu�2 �� " ----
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<br /> �,;;_ ' � nox (a)coRect aap rnoniea'payabfe under any lease mae than one motittl in advacice:�)madity any Lease:(o)ass(gn or atlow e Ifen.security ,,•- �.��
<br /> tnte:2si ar othet erisumbrance to be p►aced upon G�antor's ttghq,t1Ue and intarest in and to eny Lease ot the amounte pa�rabte thereundor.or(a) '•�
<br />�R'j_ , tert�i�ate or cancel erry tease except tar the nonpayment of any sum ot othot materlal bwach by ttte other p8rty thereto. lf LitanWt reoelve9 at any ��:"•;� -c�
<br /> '� 1:t•, s—
<br /> S;�• ;�'?,�;;. �• � ttme any wr(tten communlcaUon asseiting a dafautt by Grentor under a Lease or purporting w termtnate or cancel eny Lease.Grantot eAall pramptty ' �4;:.;-
<br /> ;•:. 3�-%; . torward a copy of auch communicaUon(asid any s�sequent communTeaUon9 relattng theceto)w Lsnder. illl such 4easea end the amounb ctuo to, '�`�� .
<br /> " ' QranrortfiereunQererehere6yasslgnedtol,ender�sddi8onaisecuritytarNeObliga8ona - � ,"�=
<br /> F,i �. . 7. QOLLEC4lON OF INOFBIFAHESB FRON14l�t�l:3 RAHTY. Lendet sha11 ba errtitled to notity or requhe(irantOr tp�otity anyth(rd party(tnctuding, -_
<br /> 5:.; � but not limited to.tessaea.Ilcen.sees.gove L� � avihariUes and insurance oompanles)to pay Lsndarar�y tndeMedness w abligatlan owtn9 to .�;;,;.,.`; . --
<br /> � - • � (iranWr wHh tespact to the Property(cumutaL'v�y�'4r+aeGtednessy whether or not e default extsts under this�eed of TmsM. (irantQl ehail ctiitgemry . —_"
<br />.`� ' --•- - ---- ' ooRect the Indebiedneas owing to G a�mr irom ti�e�Wrd paNes u M t l t ho g i v ing o f cu c A na B Aoe Uan.t a U►e e r e n t t h a t t 3 r a n m r p o a s e s s e a o r ro a e N r e a �^� Q�
<br /> ` . � ,: passassion of any fnstruments or�r remitianaes wit1�respeat to the Indebtednass toAovdng the qi✓,ng oi sucA noUflcallon m it the(natruments or � �;�,c�r�t,,'.,,,:,=�-
<br /> • � other remittances constliute tl�e �e a ent o1 an Indabtedness er ihe aymant of an Insutano�ae condemnaUon roceeda Qranwr shall hoid �°��'+ � �
<br /> P P 1►m Y P Y P �'�?��•#,;,:'�.,--
<br /> � � .. sueh iastrumeats and ofher remittanc�tn trust tot lendar apa9t icom its offier pro�rty,endorse Yhe instrumenb and other remittancea to Lender. �;__
<br /> � ` end immediately provide Lemter with poaseaston ot the instruments and other�em Mnncea Lender shetl be errttffed,but not cequired.to coIIect(by •� '. .:=;,:
<br /> ': _. • " ' ' tegal pmceedinga or otherwise),extend the Ume tor payment,wmpromise,exchange or reteasearry obifgor or ooftatarai,ot othetwiss settfe any CO • •--
<br /> r;,r� . � tAe indebtednes9 whether ar not an Event of Oetautt exists undet this Oead of Trust. tsnQer sha�i not ba tiabie W Grantot tor erry action,er.tR '�'�:! �_�
<br /> mtsfaka.omission m de►ay pertaTning to ihe acttons described in thls paragra�h or arry damegea resuJtlrtg theretrom. tBotwith9t8ns�?.g fheioregol�g, :�,���;'. '..,- `
<br /> �, ; , � nothing herein sha11 cause Lender to Ee deemed a martgageedit�osseBSTon. '��•�;1��:F';�`
<br /> �.�. . . 8. USE AND tANNTENAtYCE OF PROAFAN Orantor ahafl teke aD actlona and ma►:e arry repat�needed to maTn t a fi t ho 4:opaRy in good •,,:'�'u��,��•',;
<br /> conditton. Cirantor shall ool cammit or permi!an waste to be cammitted with[espect W the Property. �rantor shafl use th@ RropertY soTely In :
<br /> � comp0ance vuitA eppflcable law and insuranca p�9a Grantor shall not maka eny altera8ona aQdiUons or Impca��remerns to the PropeRy vdthoul ': •,��.�
<br /> " - : � �•`'� Lender'sprfot writtsn consenl. Without IimiUng f�s f�-nepoing,a!i slterations,addiBona and improvement9 made ta the Ptopedy ahall be su6Ject to -_
<br /> ' , the beneflclai intereat betonging W tsndoi,eha11 n�;ba removed withaut lender's prlor vurllten consen�and rst�all ba made a1(�ranwr's sote eapertse.
<br /> �,' • 9. LOSB OR OAMAtiE�rantor shall bear tha entice rish oi any toss,theft,destruct1on or Qamage d�,nnutaUvety'Lnss oc Oamage�to the ProAarty or . __
<br /> �;. ; � .:j arry poNon tfiereoi from any cause whatsaever. in tfie eveni of arry Loss or Qamage.Qrantor�'�afl,at the opNon ot LienQet,�ep8it the aNeoted , __ ___---
<br /> � Proparty to its prevtoua condiUan•ar pay or oause to be paid to Lsnder the Qecreasa in the talr mathet vatue o1 the aHeoted Prapect� .
<br /> th
<br /> �" � • t0. INS08QNCE The P�operty�viil be kepf Ins��rod tor Hs tutl inaurabfa value(reptacement cost)against ell hazards Indud�toss or damags , ' .
<br /> � .. caused 0y itao0,earthquake,tomaQo and flre,th�cu other casualty to the extent requireA by Lender. Qrantot may�obtaln insur�ra on the P9mparr�/
<br /> '�� � • � trom such eomganixs as�accepfabte to Lendm in its sole disaeUon. The insurancn polfctea shall require tAa insuranc0 c�.�arry to pravicfo 'S
<br /> ' Lender wtth at teas� - days'written noUca 6elore suc9�policios are altem4 or cancelled inerry manner. Tho im�ss,�:ce poltctes ti:all
<br /> �°� " ' ,.; ra.�na Lender as a loss payee artd provldo that no ecf ot omission o1 t3rantor or any oUier percon shail eNecf the right of Lav�t to be paid the • . '
<br />-= i�.vsmce praceed9 pertalNnq W the loss ar damege of the Property. tn tho event Qrsntar ta31s to eoqutre or mainlaln I��ta-ro.Lender(after . , .. _
<br /> :��'�V, providfig notice as may ba required by Iaw)may In its disccetion procure epproptiate insnrance coverage upon the PtopeAy arJ!�.he tnsurance cast
<br /> � aha0 ba an advance payabte and boaring Interoet a9 described in Paragraph 23 and secured hecoby. (irantor shatl fum(sh Lender wlth evidence o1 • � �
<br /> ��5 � � � Insurance Indicating the required coverage. Lond�r may act as attomeyNmtact tor Ci�ar�tar in rl�eking and setWng ctaime undor tnsurance poticies, „
<br />-!'�' �t; canoellin en ticy or enQarsing(irantor'e name on any draH or ne oUabte instrument drawn an insurer. Ail such tnsurance poltctea ahall be ,
<br /> :,�� ;•, 8 Y P� 8 bY Y ..
<br /> •},i:; Immediatety asslgned,ptedged end deftveced to 18nder as turthar secudty tar the ObBgationa. M the evenl of tose,t3rantor shail Immedlatety gN0
<br /> ��� Lende�vinilten notice and londar is aulhmlzad to make praof o1 toss. Each Inaurance oompany ts dUeated to make payments dUectiy to lender . .
<br />, fi�s: � ' instead ot to Lender and 13�e�nar. Lender sha11 havo ihe�ight,et ip eote optlort,toe�ty such rtrontas toward tho ObtigaBor�s or towar0lhe cost o1 • . . .
<br /> rebuitding and restoring the Pcoperiy.My emounL9 mey Ht LBnQePB opUa11 b9 eyplied In iho Irnotsv ordet o11he�ue datos fheroof.
<br /> ` �t 11.ZONlNt4 Al�D p8lYA7E COYENAHTS.(3rantot shall nof(NUate m consent to eny cfiange En�e ioNng prwisians or private covenante atfecling '
<br /> �' �
<br /> ` Me use 0)ths Prc�Erty without tsnQer's pttc•vmCen consent it t3rantor'9 use ot the Ptopert�l is a Cecomes a noneontortning use undar arty toning �
<br /> �+� ' � provision,Grantar shall no!cause or permit sud�us0 to be discandnued or abm�onad wtthaut the prlor�:�n consent ot Lender. Granwr wi0 . �
<br />�: a. . , -
<br /> o. immediatety pro�Ge lender wlth wrlUen notice at any pcoposed change9 w the:ar^rg prwisiens o►pdvate ecv�.ants aiteating the Rroperry. - ° :
<br /> , � • 12 CONDEMNATfON. (ira��tot ehatl immediatety pro�ide Lendet wNt�wtitten no0ce ol any actuaf or threatened candemna�o�er eminertt Qomaln
<br /> e��. � proceeding pertaiNng to the Ihopertyr. All monies payabte to Gaentor irom such condemnatJon or taking are hereby assigned�P�mder and shall b9
<br /> � applied iirst to the payment of lender's attorneys'1889, fegat eapenses and ofher costs ('mduding appraisal teea) In connecUon with tl►e , . ,
<br /> f ��nd@ mnatton or eminenl doroaln procm�ding9 and then,at the optlon oi lenQer,to the payment ot th0 ObligaUOns or tha restoraUon or repair o11he . �
<br /> � i ta LENpER'S RtONT?O CUMMENCE OA OEFEND�.E(iAL AC7tON9.�iranta�she11 immediato�y provide Lender with vurltten noUce af any actuat
<br /> �'b r . � or threatened aotion,sutl.or othar proceeding aNecUng the Ptoperty. tirar►tor horeby appoints lender as its attorney-tn�taet to eommance,intorvene .
<br /> � �' ' " in,and detend such acUons,suits,or other legal proceedings and to aompromise ot setUe any elaim or conuoversy pertalning theceto. Lender sAatl • � .
<br /> ��' � � � ao!be Iiable to f3rantor(or any acUon,ertor,misteke,omisslon at delay pertaining to 1he acUons described in this paragraph or any damages � • _
<br /> ��;�� , resulUng therelrom. Nothing contained herein wiil prevenf tsnder trom tak�ng 1ho aeUons deseribed tn thts paraprapb in ifs own nama.
<br /> �:�• � 14. INOEMHIFICA7tODf. Lendor shnll not assume or he respansibie tor the peAormance of anyr of Qtantor's o6tlgaUons with respect W the Property � -
<br /> 1� , under erry eireumstaneeA. l;rantor sbn11 Immed�tety proviQe Lender with vuiitien notico ot snd indemNty and hoid L,ender end its sharehnlders.
<br /> $:, j directara.oiticete.empioyees and agenb harmless trom ell cfaims,damages,liaLiUUo• pnciuding attorneys'tees and fegal expenses),causes of .
<br /> '�,'.,: . 1 actlan,ection9,suits end ofher lagal proceedings(CUmutativety'Clslms)pertelning to�no Vroperty pnctuCmg,but no!Iimited to,those imrotving
<br /> �;'? � Hezardaus MateBats). (i�antot,upon tha cequesf ot�andor,sfiail hiro tegal counsel to delend lsndar lrom aueh Gaims,anA p8y the Attomeys'tees.
<br /> � tegal expenses end othe�coata incwred in wnnecUon therewith. In the alternallve.Lendar shall 6a sntiUed to emptoy its own legal counset to dBtend .
<br /> - such Galm9 at tirantor's cost (irantor's obligation to Indemnity Ler�der under this paragraph at�Ii sunrlve the te�minaUon.�etease or tore�tosure o1 .
<br /> �"-- - -: —-� th19 0eed of Tmst _ � --
<br />� ��.� � L�NF91�8*•iamN�on�ecrw�aoryn.me Ut�9/961 I8u0�Bl/J+9a Cage2oL;tL�� �N .
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