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<br /> - - -- '` 15. TdUQ'cS AND A�S�SS67F�T9. Qra�►tar shall pay a!t�cea and ess�ent9�t�fuNng to the Rmperty when due and immediately provide Lender .
<br /> ' . ` `' �rut8 t��ptPm�ium,t a x e s e n d �t�s s e s s c n e n p e M e l n i n g t o U e o F r o p e R y. S D�IOpng asthe[e Is no defaulR these amo�shall be appiiBd��paymAant _ ,� :.
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<br /> , .°"` of taxcs,assessmertts arid insurance as requtred on the RroPartY. 6n the ovent W defa�df.Lendor dialf have t he�i g h 4.a t i t s s o t a o p ti o o.t o a p p f y t h e n <
<br /> <r . • ` tunda s�ttQld to OaY anY taxos ar agatnst the ODUgsttans. My tunQs applisd may�at lender's opti�on.be applied in raverse crdar af the dua date .:
<br /> . `+� tt►ete0t. • _
<br /> .. Y , : .'4 !@. IH8PECTtON OP PROPFAiX 800KSr HECOA63 NJD REPOEiTS. Qrantor shall altaw Lende�ortrom�m m Ume.�i(iranter sn 1�praWde ' • ���� ,
<br /> Froperty and e�mmtne.inspe�and make coptes of�iranmr's Acaks and rewrds pertatning to the P4roperhr, .. ,
<br /> • , :, � cny esstytanoo caquttsd by Lendar tor tAase purpostt9. Atl of the si�re9 and U►tormation conteiaed�n Grantor'e books end records ahaSl bB
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<br /> = '� genuine.Vuo.aca�rate and�mAtete in ail r6sD8C�. �ar►tor ehafl nate tAa exisfenee ai Lender'a Densficfai irrterest In[ts 600ks and rococda 4.,<<.. .. .
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<br /> penatntng to tAa t�ioporty. Additionalty.Graamr st�a11 ceporL in alo�m satistacmryt to Lender.sud�ir�tormaUan as Lendar may cequa�cegarding
<br /> � .� f,;r a n t o r'a M an c i a 1 c o n d i fl o n c r 1!►e Pro pe rt y. 7A0 tMortnatian shaU Oe for su�pedads,sAali�eQect Grantots records at such time.an0 sAaft Ee
<br /> rondared witt��eA trequcncyl es Lsnder may desigreate. All Wannation tu m 3 s R e d by Q r a n t w t o l e n d e r s fi a U b a t r u s.a�a u a t e a n d w m pt e t e in a0
<br /> � � respsct�.end signed hy Qrantor H Lendur requosta .
<br /> 17. E 8 T O P P E L C E i i T t F t C A 7 E S. 4 M1 f i t h i n t e n(1 0 1 d a y o e R s t e n Y r e q u e s t D y L t t n det.Gtantor shall deliver to lender.or any intended transiciiree of� _
<br /> LendePa�ignq wfth respect ta tRs ODtigations,e eigrted and as�norAsdSe��mer�t specitytng(a)the outstan d ing b ffianee on t h e O b 1 l g a U o n�a n d
<br /> ,_-- , , (t�vrttether Gtaator�ssas anit d�.detenses.cet�Ha or eaia►tardeims viifh res�aet to tha ObRgaUons and,if so.the nawra ot sucA ctatma'� ' --,- (
<br /> detensea.set�ofta or caanterclelma (3rantor wUl Eo con�ustvery hound by any representatian 4iat Lender rteay make to tho inie�ed�anst��vrilh � =- �
<br /> � r e s p e e t t o t fi e s e m a 8 eis in the event tf�a!Qrantor isIb to praviQe ttte reqaested sffitemerR in a tlmety manner. � . .�.:� �.: '
<br /> • 18, EVE�Tig QF DEFAULY.An Erentof OetaultshaU axur underlhis�aedaf Ttusten d l 4�e T rt�s t ee's p o w e r s R a U b e c o m e o p e�a t l v a i n t R e e v e rt t t h a t Q .n
<br /> � ` � - (iranmr.Bottower or any guararrtor oi the Obfiga6ans: .
<br /> ._. . .. (a)fails to pay any Ob li g a Uan t o t en der w h e r e d u e: `;5-: - -
<br /> ,- . ' (b)fails to pertorm any Obtigattao ot�reaMss any warranty or oovenant to Lender contafned in thts Qeed W Trust or etry atner present or fuL�re �
<br /> . . agreeme�k �•� -
<br /> � ���destroY9.b�es ar damaqes ttie RroAerili���►Y mate�ial resPed ar subjectagte Property m sehure.confiscaSon.or condemriation: „�:. .
<br /> (d)seeAsmrevoke,terminateorothennriselfmititsliaLiGtYurtderenit9uarantyto4ender: -
<br /> (e) dies.Docomes legalty ineompeterd.is dissoived or terminated.6ecomes InsotvoM.malces an assfgnment tor tne benefit of creditors.fails to � `�:' .
<br /> -' ,�' � paY debts astliey become dus.fi{ea e pstitlon under thetederal parflauP�Y laws.has an imratur�ry Petition in barttauPt�.Y ffied tn whtcA Grant�r. _
<br /> • Borto�ver or any guaratrtor is named or Aas praperty taken uader anywrft or p�oeoss oi courk -
<br /> (f} altours gmds to 6e used.transported or stored on�e P�operty.the passession.transportation.or use of whteh.ls illegat;
<br /> • (g)eftavis arry partl►otner Bmn Cirantor or Borcowerto assume or unde�atry OEtfga�on vrithout the wr�ten eansent o!Lender.or '
<br /> .' • • (h) esuses t,ender to 6eem ttselt ins�acure due�to a si�niHcant Qedine in the vafue af tha ProP�ll:ar H lender.in good faith.tor eny caason. . -
<br />- • . � bellevesthalthepmspeetotPeY�rttorpedolmanceistmpai�ed. � � .-•:r�•.:...'-:
<br /> �!�r tg, RflitlTS OF L�iQER ON EYE[�7T OF OEFAULT.Upon ffie ocau[enoa of en Evet�t of Oetauk under this Oeed of Tcust,Leader sha11 bB er�titlad tn , .
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<br /> � e=ercLss one or more ot the ioUowfnD remedieswMout notioe or dsmand(except es te4uired by ta�v�: -
<br /> (a)W Qectsre tl►e pbfigatia�immediatety Qu�and payabte in tuU.SuCt1 ecale�tian shaU 6e sutometic and immed'uue if the Event at DetauJt is - ::: _
<br /> --. . _ - a fiiing under the Bankruptcy Cdde: ,'_
<br /> ,`.`i�. (b)w coltectthe outslanding OhtigatEOns vrttA ar wftttout resordng to judteial procos�or Chettets conatiMing the Pro eRy at a p4ace reasonabty ` �6 � °=
<br /> ` (ra to require Grantor to deliver end make evailabte to lender arfy yersanal praP�Y p "� ':-
<br /> . • ' eomrenlent to Grantor and LenQer. <,. � ,.f.
<br /> . �,:�� (d►to enmr upon end mke possesston af the P�operty wkt►aul apPtyinB far or obtetning ihe appoirrtmer►t of a reeelver and,at Lender's aptlon.to .., !`';.
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<br /> . . 8ppaiM a race[ver wf�out�ond,wltROUt firaf bringing su(t on tt�ObUgatians and wilhout offia�w(se mOeUng acry statutory eond'dians regard'mg :��;,..;�-
<br /> ' reoetvars.it betng irrte�ded tha!Lender sheR have this cantracNai�ightto appotnt a recetver. - � "+ • :,�y:
<br /> ' • � .. (e) to emptoy a managfng agent of the Properry and let the same,efiher in Ttustee's wm name,in the name ol Lendet or in the name of
<br /> � • Qrantor,and�eeehra th9 cet►La.incomes.Issues and proftts ot the Pcoparty and aPpN fhe seme.efter PB7Rnert of a11 ne�ry charges end ,�:;.,•;:__-
<br /> � expenses.on axoimt of the ObligaUons: ' `.�.� ','`•';
<br /> � y p)to OaY a�ry sums in any fortn or manner deemecl esPedient Dy Lender to prot�ct the se�of tNs Deed ot Tcust or to cure eny defauit other �, ..
<br /> : .__..._-.'ih' •, than payment o!i�tetest or pdncipai an the Obliga4ar►� • '� �.
<br />-; . .., • (91 w toredase thts Oeed of Tmst judictal{y or nonju�Qcially and to d�iecl�e sata of the p[operty�saugA euerdsa of�e pawer of sale as ;.u;c�;� ,,-
<br /> tetarenced in paragtapfi 20,herein.tn aaocdan�arith appRcab[s iaw; .: � �-
<br /> , (h)to setaH(3ranmr's Obliga�ons agffinst eny amounts ovaed CsraMor by Lender inctud'mg,but not 6mited tu.moNes,tnstrumeats,end deposft •Y�-i.-=,
<br /> _ , aaaouMS maitftained�th L+eeder or any cvrterrt{y e�dsHng or tuUire affiliate ot lender:end � � -
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<br /> . n�e�cerdse att o�er ri�hts available to lsnder under arry otAer wriiten agreement ar ep�'ieabte la��. .,:z..,:.'""
<br /> .. , Lender•s A�hts are aimuTattva and may he exercised tngether,separatety.and tn arry orter.tn fhe event that Londer fistit�rtes an acdon seeking -•�-� �-
<br /> � the recmrery of any of the Prt�perty byway of a prejudgment remedy in an a�tion againsl GrBntoG�enwr walves the postlng of mry bond whEct► ,��.. ::
<br /> ` migM othervviso bB required. I.ender or lendePa deslgnee may purchase the P9rapeRy at eny este. Ptowed9 of eny Tnistee�88fe heteunder ;
<br /> " ' � sda11 bB epp(ied first,to tha costs and expeases of exerGstng the power cl sale and ot ffie sele,lncluding the payment of the Trust�e's tess ��;�:., _
<br /> aetually inarced and nai to exceed the amount vfiich may be provlded tor in tt�is Deed of Tnrst,seoond,to paymer+t af fhs QbitgaHOns seaned ,_ ,
<br /> hereby,thtrd,to the payment W juntor trust deeds.mort�ages.ot otA9t Ilenhotders.er.d the batance.H eny,co the penon or persons tegatfy :,z,:.L.
<br /> � � • errtitted theceto. The Property or any paR 9�ereot may be soi0 in one parcel,or in such paroets.manner or order as L,ender in its sofe disaetion • ��.^..
<br />;"- • � may etecR end one or more exercises of the povrer heretn granted shali not extingufish or exhaust the power untes9 the en8re Propariy is sotd 4r • r.,:
<br /> � t� ihe a6ligaBons ara peld ln tull. � "
<br /> • ' 1' 2p TRUgiEE'8 F7�[iGSE OF POWEii��BALE OH DEFAULT. Upon default by @orrower in Pa7mscxl ai anyr ODIigaUor�a seaued hereby l�ondar �"v-
<br /> may Qectare atl sums,secured heceby.Immediately due an0 payable and ahntl causs to be fited af recar�a wriitea notice of dsfautt an0 a�ecUon to ,
<br /> � � se0 tt�e Property. Atter the tapse af such ttme as then may be�equtred Oy taw tottawing�ecordatlon ai such n o ffce o f d e t8u t f.nr►d naUw of sata , .._,---
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<br /> • � having been given ae 8�en requked by law.Ttustee.withauf Qemand on t�tantor.shatl se11 sueA Ptoperty.either as a wfiole ot it►sapatata parcels.and .�,,�y:_-
<br /> ln suct�order as it or lerr�r ma determine,at publtc castion to the htghest bfdder. Trustee may pos�one the sele ot all or arry poRion of ths __-
<br /> � Property by quDBo annc�eme�at the Ume and plaae af sate,and nom tlms to tlme theceafter may postpon0 the sate by puDrio anna�mcement at , `:r�-,-_
<br />� � � � '� the Qme ertd F►ace flxed bY the preceding postponement Trustee sha11 de::ver to such purcfiaser its deed conveyMg U�e properly,or por�n 9�eroot, -
<br /> :' � �`•� so sold,�utv�i;.hout any cavenan!or warranty,express er impfled. The reaiafa in euch deed o1 arry maUers of tact or otherwlse,sha11 be conduslve -. __
<br /> y : • . '� prool ot ttai 1t�YQdulnesgL`.�reaf.My person,inctudirtg Grantor.Uustee cr Lrartdei.may purchase at such eale. . • --
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<br /> - � ` 21. RFAt{EST FOii R:aTTi�S. Grantor reQuests that a cn¢y af any noHce of defauR and a copy o1 arty nattce of sala hereunder bo malte�to each _
<br /> � �.�i parson who is e party fu��ax af ihe addre�s ol such p�•set forth heretn at the sartso time anA in the sema manner requlred as thougA e separate • . . _-
<br /> - �. ' request thereof had 6ee:e iitd by each s�.:h person. • .. • :
<br /> �.:�;+,��' 2a SECURfiY tNiEREa''4 aSNDER 1NL UtV1FORM G�MMEFtCtA1.CQOE Thls Oeed c7 Trust shail be wnstderad a ftnanctn siatement enA e �
<br /> ���•',-` � '.' fixtuce filing pursuant W the provisia:�af�e Unitorm Commerclat Code(as adopted in th0 state a�t�r�o fhe P�opeAyr Is lotated�eovering flxtures, , .. .:�:�.
<br /> d►a ri eis,a n d articfos of personal pr o a�r.�w oumed or hereafter attache0 W or to ba used In connect�.i wiU►the Property tqgett�er wfth any end atl
<br />_ -� ° repla�mertls thereot end additlons thereto(the'Cfiattets'►,and Grantor heceby�ants Lender a security interast in such C Aatteis. The debtor is tt�a - . ' .
<br />- �� (;rc+ntnr descri6ed abo��- The secured party Is the lendar desaibed ebove. lttpon Qemand.G�antor sht+fl make,executa end detivet sud�secuf►ty
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<br />__ ' egreemer�ts�as auch nmtt�a deflned in sald Unitorm Cemmerdal Code)as Lana at ertv tlme may deem necassary or pra�er or cequlred to grant to � ..
<br /> � � .° LsnQer e pe ected sea.�tt�interest in the Cfiatteis,and upon GraMOfa iatlure to do so,6c-�:det Is authodzed to stgn any such egreement e9 the qgerrt
<br />=° •� of(;rantor. Grentor hereby authorize9 Lender to tife flnancing atatements(as suct�tertn is deflned in eald Unitortn Gommerclal Code)witA respect to ..
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