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<br /> . a�` (d) Cir�ntar has the rlpht end le duly authorl:ed to ex�cuts and perforT Ite Obllgatlone undsr thls Deed of Truat and these actlons do r�oi and
<br /> shtil not confliot wlth th� provlelons of�ny etatute,repulatiol►,drdlRance, ruie of law,contraot or other aprsemsnt whlch may bs bindin(�on .W
<br /> � Or�ntorat any timr,
<br /> (e) No eotlon or proceedlnfl le or shall be pendlnp or threatened whlch mlpht m4terialiy aNect the Praperty:end
<br /> ? (t) Gnntor ha9 not vlolatsd and ehall nat vinlats�ny etatute,regulatlon,ordlmnce,rule of law,contraa or other agreement (Includiny,but not
<br /> • Ilmtt�d ta,thos�governinp Huardous M�t�ri�le)whlch ml8ht meterlally eNeot th�Property or Lendar'e rlehu or Intenat in the Prop�rty pureuant
<br /> L tothis D��d of Truat.
<br /> ' 3. P810R DEEDS OF TRUST. �nntor repreaente and warrant�that th�re nre no prlor de�de of auat sHeoting Ny p�rt of ths Prop�ny sxa�pt as e�t
<br /> forth on Sch�dule B att�ched to thit D��d oi Trun,whioh�rantar aarssa to p�y and psAorrn In�timely manner.M th�n ers any prlor d��de ot wat
<br /> ',� ,�n Qranta aprNa to pay all amounta ow�d,and p�Aorm ell obilpatlons nquir�d,und�r wch d��da of trust�nd th�Indebtedn�as a�cund th�rsby
<br /> and lurttur aynes that a dsfauit under any prior desd of truat ahall be a d�}sult und�r thla D�ed of Truet and thail sntltie Lendsr to ail riphts snd
<br /> ��_,,�� 1 ' ramodlas contalnod harain or In tha Oblly�tlone to whlch Lender would ba ontitlod In iho ovent ol any otFior dofaull.
<br />,;� � , . TRANSFERS OF THE PROPER7Y OR oEHEFIC1Al INTERE8T81H GRIWTORS OR pORROWERB. In th�swnt of a sai�,corn�yana,I�at�,
<br /> contnot for dud or trans}sr to any penon of all or any part of th�nal prop�rty dnscribed tn 3�h�dui�A, or my Intsnat th�nin,or of ail or any
<br /> beneflclal IntenaE In Borrowsr or(irantor pf Borrower or Qrantor is not a nttural peraon or�ereona but le a caporation.Ilmited Ilnblllty compsny,
<br />�"�------ �partn�nhlp,truat,or othsr Iegai sntiry),Lendsr may,at Its optlon,deelaro th�outet�ndlnp pr ndpsl balnnce of the Obllgetione pius acerued Utereet
<br /> � �th�non immsdlatsly dus and pnyabls. At Lsnd�r's rsquset,Grantor or Borrow�r,af ths caes mey bs,ahall}urnlah a completa etatement setting forth
<br /> � all of Ita stockholders,msmbsre,or partnsrs,as approprlats,and tho sxtent of th�lr napactivs own�rtahip intereste.
<br /> •+�. �6. ASflttiNMEAT OF RENTS. In con�id�ratlon of ths OblipaUons which ar�e�ound by this D�ed of Trutt,Gr�ntor�bsolu�-1y assipn�to L�nd�r�II
<br /> �arentor'a enate,ripht,dUe,Intereat,claim and demand now ovmod or hereafter acqutred In aN exleHnD and tuture teaces of!he Property pncludlnp
<br /> • , �xtenflone,renewala and eubl�asss),all apnements for uas�nd occup�noy ot ths Prop�rty(all auch Is�4 and�pnem�nts wh�th�r writt�n or oral,
<br /> ers h�roaft�r ref�rred to aa the'Leaeea'),end nll puarantiss of leaae�s'psrformanee und�r the Lsas�s,topeth�r w(th th�Immedi�te�nd cont(nulny
<br /> - ' ripht to ooll�ot md rscelvs atl of the rents,income,realpte,revenues,iaaues,proflb and othsr Incoms of nny nature now or hereaiter due Qnoiudlnq
<br /> �� _ any income of any natun cominp dus durinq any redsmptlon period)under the Ussss or from or arisiny out of the Property,includlnp mtnimum
<br /> renta,addidon�i rsnls, p�rc�nteps rsnte, parkinp o►common area maintenaneo conulbuUorn, tax antl Inautmce contdbuUans, defioisnoy rsnts,
<br /> r:,; llquid+tsd aam�p�a tollowlnp default in any Leeae,all procesda payabte under sny pol(cy of Insurance co�srfnp loas oi rent�rsaulNnp from
<br /> . lC�unten�ntabNity caus�d by d�atruotion or damaps to th�Prop�rty,ail proc��da pay�bis as a niult of a I�a��'e ex�rcle�of an optlon to purohaa�ths
<br /> �••��•-•` Prop�ry,UI prxs�ds d�riwd irom th�t�rminaUon or r�J�oUon of any Lsaa�In a b�nkruptoy or oth�r InwNsncy proc�sdinp,tnd all proa�ds from
<br /> � � - •. �any riphts md claima of eny kind whloh Cirantor may hws epeinat any leaae�und�r ths Leasea or any occupanb of the Propsrty(all of ths�bovs us
<br /> r , ���renfts�coileotively roferrsd to as ths'Rente'). Thia asaipnment le aubJeot ta th�dpht,power�nd authorityr piven to the Lender to coilsct�nd apply
<br /> �•'; �"'the FMnts. Thia asaipnmsnt is rocord�d tn accordancs with appitcabis sht�I�w;th�Iim cr�ated by thls wtlpnm�nt Is Int�nd�d to b�ap�clflo,
<br />'�t'} ': '�°' Qp�rf�otsd,md choab upon th�rscordlnp ot thi�D��d of TruK,di u provid�d by appiloabl��tat�law u ammd�d from tim�to tim�. N lonD a�
<br /> `� . . ._.thero la no deinult under the Obiigntiona or thia Deed of Truet,Lender prenb Ornntor a revocable Ilcenae to cdleat alt Rents from the Leaaes when
<br /> - dus and to uae such proaeds tn f3rantor'e bueinsss operatione. However,Lender may at any Ume nqutro arantor to dspoait all Rents into an
<br /> _;r_�;.��. � account mdntain�d by Orantor or Und�r at Und�r's InatltuUon. Upon dehuit In th�paymsnt of,a in th�p�rlorrn�nc�of,any of th�Obllpationt, -
<br /> � �Lender rnay at Ite optlon take poasssslon of the Property and have,hold,mtnaps,laase and operate the Propeny on terma and for a pertod of time
<br />•`.^,.,�,.. '-' �that Undu deems proper. Lender may procead ta collect and rocsive nH Renta from ths prop�rty,md l.�ndsr ehall hav�full pow�r to maks
<br /> ._;,-�,, �Itsratlona,renovationa,repaira or replaam�nts to ths PropeRy as Under mty deem prop�r. Und�r may apply ait Renta In Undar'e sole dlsor�tlon
<br /> �;.,..� to paymeM oi M�Obllpatlon�or to th�paym�nt of the cost of euoh afbrationt,nnovationa,npatn�nd replaamsnu Rnd any�xp�nosa Inold�nt to
<br /> �'`i�': �' taklnp and rstelntnp pot�salon of ths Property periodlcally nnd the mnnapement nnd o�raUon ot ths Prop�rty. Lender may keep ths Prop�rty
<br />__:���g:z• proporly Intured and may dtsch�rps any taz�s,chupea,cl�imo,at�s�ments and oth�r Isne which may acaus. Th�expsnae and caat of th�w
<br /> �-,•,,;., � aaUont rnay be paid from ths FMnte received,and any unpaid amounts shNl be addsd to the pdnclpN ot the ObllBatlona. Theee amounte,toyeth�r
<br /> �•�;__r;;�•' with oths�coab,shall b�coms part of ths Obllpations eecursd by thie Deed of Truat.
<br /> _-r,r•���. e. LEASES AND OTHER AGREEMENTS. Cirantor ahall not take or fall to tak�any aotlon which may oauae or psrmit th�tsrmfnatton or ths
<br /> --::.*,:�;r.�.,,� uittshaldin ot�Y pay�iizrit In tAtirtaCtlan vtii�arty Lsdso paRSlnlny�tr,tho�`ropaRy. in additi�n�Grar,tur�witi��uut La�rter�b�iilCri��uii�wiiiid�:t�.fi
<br /> __-_±.��� not: (i) �I�ot u►y moni�a payabl�undsr any Leaae moro then one month in advana; (b)modiy any Leaae;(o)assl�n or attow e U�n,s�curity
<br /> '==��:.� Intsnn or oth�r encumbranw to b�plaad upon(irantor'e dphts,titls and Intsreat In and to my Uses or the�mounts payabie thmund�r,or(d)
<br /> _=-_�; Urmfruit�a canc�i any Leas�sxcspt for ths nonpayment of any aum or other matedal breach by the other paity theroto. R(inntor r�diws at any
<br />_--—� tims my writt�n communicaUon aswRinp a d�tault by Orantor unda a Uaa or purportinp to brminat�or oancel any Utc�,tirantor shNl promptly
<br /> :;� torwud a copy of such communioaUon(and any wbs�qu�nt communicatlons r�i�unp th�nto)to Lender, All such Lsaaa and ths amounta due to
<br /> ����� (irantor tMrsund�r ar�henby assipmd to Lsndsr as addlUonal ascurity tor ih�Obllqatione.
<br /> -'T�"�'-=e:� 7. COLLECTION OF INOEBTEONE83 FROM THIRD PART►. Under shati W onUtied to notNy or nqutro Orantor to notHy any thlyd puty pnoludinp,
<br /> ---'- t�1t'►�nrRnnlselo,Meee�e:MesnsNS,Qov�nnn,sntel•u�heAihs and Ineur�nc.eompn�)tep��/IMdM My Ind�M�dn�ss or obl(yation owlnp to
<br /> `�?';'��• �Oraata with n�p�ot to ths Prop�rty(cumul�tively'Ind�bt�drnu')wh�th�t ot not�d�tault�xkts und�r Mts D�W of Trust. Qnntor�halt dilipmtly
<br />:_�:rY� coll�ct the Ind�bt�dn�ss owinp to Cirantor irom th�a thlyd parti�a untll th�plvinp of suoh notiflc�tion. In th�ov�nt th�t Gantor posa�s�i or naiv�s
<br /> ____,���, posaision ot my tnatumsnte or othsr romittances with nspect to the Indebtedneaf foliowinp ths piving ot such notiNcallon or if the inatrumsnto or
<br /> ____���� oth�r nmNtanas constituts tM propayment of any Indebtsdneas or ths paymsM of any Inaurrna or condsmnation proossda, Ormtor ahatl hold
<br /> _-„ wch instrum�nts and offisr romlttanaa In truet for I.�ndsr apart trom ib other propsrty,endons th�Instmum�nta and other romittanas to Lender,
<br /> y;�; and Imm�dl�bly provid�Und��with posssalon ot th�instrummte and oth�r r�mlttanaa. Und�r�hall W��id�d,but not nqutnd,to oolt�ot @y
<br /> "°— le�d prooNdinys or oth�rwta�),�xt�nd th�Am�tor paymsnt,compromise,�xchanp�or releaM any obilaor or colin�rd,or oth�rwl�e e�1Ns nny of
<br /> � th� IndsMWn�a wh�ther or not an Ev�nt of Default extate und�r thi�Ds�d of 7rust. UndK sh�ll not b� Il�bls to QnrKOr tor�ny sation,�rror,
<br /> ._�= mist�ks,omis�lon or dal�y pert�Ininp to th�aotlom d�scBbW in this parapraph or my damayn r�tuRiny thsnhorn. NolwithsNuidinp th�forpolnp, '
<br /> --__ nothlnp hHein ehal�oauat L.�ndsr to bs dssmsd�mortgapee-In-pos�sasion.
<br /> __. �. USE AND NWNTENANCE OF PROPER7V. t3rantor shall tek�all aatlons and mtk� �ny npalrs nssdrd to mafntaln th� Prop�rty in pood
<br /> condttlon. Qrantor�hall not commit or p�rmit any w�ets to be commttted with napsot to th�Property. Gruito��hall uss tM Prop�rty eol�ly Irt
<br /> '=r`�_�'� compllana wNh eppl�abls law and Inaurance polictea. Orantor ahdl not m�Jce any aibntion�,additione o► improv�m�nts to ths PropeAy without
<br /> �°.�''- :`., Unde'a prbr writbn oonant. Without Iimitinp th�fonpoinp,all alrraUan�,addlUons�nd tmprowm�nts mad�to th�Prop�rty ahdi b�aubj�ot to
<br /> ;�,;� ths bmsfiNtl Intenst bslonpinp to Under,shall not be romovsd wtthout LsndePs prior wdtten consent,and sh�l bs mad�at Cir�ntor's wl��xpmw.
<br /> 9. L083 OR DAMAdE Grnntor ahall b�Ar ths antire risk of any loss,thett,d�atruotion or damaps(cumutativety'Loss or Damap�'j to th�Prop�rry or
<br /> � ��"'�� �ny poRion th�rwf irom any caue�whatsoewr. In ths swnt of nny Los�or Dam�p�,Orantar shetl,at ths optfon of L�nder,rep�lr th�aff�ot�d
<br /> ---.— Property to ke prwious conditlon or pay or caus�to bs paid to Lsnder ths deeroaes In th�falr m�rkst valu�of th��ifeotsd Property.
<br /> - `�-"°— 10. INSURANCE. Th�Prop�Ry wlli bs kept Imurod tor ib fuil ineurabl�valus (nplaam�nt cost)apdnst�N hauM�Ineludlnp iots or dame�q�
<br />-_��� oaue�d bylload,sarthquake,tornado end flre,theft or othsr caauelty to the extent roqulrsd by Lender. Qrantor may obtaln Insur�na on th�Prop�rty
<br /> �: trom euch companles as�accepribi�to Lsnder in It4 aol�discntian. Th�insurana polM��s thatl nqulre the Insunnc�company to provid�
<br /> "''#'�'9�k" L�nder with at I�ast dayu'wdtten notice beton such pollcbs ar�altered or cancNled In any mann�r. Th�tneurana policl�s ahall
<br />-'�";,;'�``�� nun�Lend�r ae a loas payes and proviEe that no act or omlaelon of Grantor or any other pereon nhe11 affact the dpht of Lend�r to b�pald ths
<br /> . Insunnee proceeda pertaininp to th�losa or damsp�of th�Prop�rty. in the ev�nt tlrantor hlie to acqufn a m�InUln Inaurana, L�nd�r (aftsr
<br /> . � '- providlny notta as may be nquind by law)may In its dlecrstlon procurs appropritts inaurana cownge upon th�Prop�rty and th�Inaur�noe coit
<br /> . ehdll bs en advance payeble and b�arinp tnteron aa described In Perayraph 23 and secured hereby. (irantor ehnil fumleh Lender v+ith svidencs of
<br /> � insurence Indictttnp the rec�uired coverage. Lender may aot as attorney-in4aot for Qrantor in makinp nnd aettlinp clafma under Inaurana policisa,
<br />. rnneelll.� eny pe�tey nr on eroing(iranter'e nnme en nny drnk er neyetlnbi�InthumeM dravm by any Insurer.Ail such In_urnnCe poltNe!9hsll b!
<br /> " Imrt;Mfa�ely aaafpnsd,pl�dg�d and dellvered to Lsnder as furthsr ascurity for the Oblipatlone. fn the event of baa,QreMor shall Immsdiately pivs
<br /> Lender w8tten nottce and Lender Is authori:ed to make proof ot ioaa, Each inaurance company ia dlrocted ro maks payments dinctly to Lsnder
<br /> Insbtd o}to Lender and Cirentor. Under shall hnve the rtght,at Its solt option,to apply such monlss toward ths Obltg�tione or toward ths con ot
<br /> robullding�nd roatodng the Property. Any amounte may at LendePe option bs appiled tn the inverse order of tfie due date�thereof. _
<br /> 11. ZONING AND PRIVATE COVENANTS. (irantor ehall not initiate or consent M eny chanee In the=oning provfaions or private covenants attectinp
<br /> the uae ot the Property without l,ender's prior written eonsont. M(irentor's uee of the Property la or becomes e nonconforminp use under any zonlnp -
<br /> provltion,(irantor shali not cause or permit such use to be dlscontinusd or abandoned without the prior wtlnen consent of Lsnder. Grantor wlll =
<br /> ' Immldletlly provide I.�fnder wfth written notice ot any proposed chang�e to ths:oninp provistone or private eovennnte affeoting Lhs Propsrty.
<br /> 12. CONOEMNATIOH. Orantor shali Immedlateiy provide Lender with writtm notics of any actuai or thnatened condemnation or eminent domain -
<br /> � pror.eedlnp pertainlnp to the Property. NI monles payabie to Grentor hom auch condemna8on or tekinp ero h�roby aasipned to Lender end shall bs
<br /> .. anNWi fkM M fH� n�um�M n� 1�nel��b �Mn...�...��... 1....1 � �...�..al.�. .w�. rs�.�t...��..� �Y..t������ �.. �
<br /> - 'i-- . wio�wuvi�'�iu� u�o -
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<br /> cond�mnatlon or eminsnt domain procesdings and then,at ths option of Under,to th�paym�nt ot ths O�IIgaUons or the rsstoration or repalr oi the
<br /> Prop�rty.
<br /> 13. LENOER'8 RIGHT TO COMMENCE OR DEFEND LEGAl.ACTIONS. Grantor shall Immedlatsly provide Lender wlth wrttten notice of any aotual
<br /> , or threatened action,sult,or other procesdinp atf�ot(ng the Property. Orantor hsreby a�polnts Lsnder as Ha atrorneyIn-fact to commmcs,Intsrv�ns
<br /> In,and delend such aetions,sulte,or other Iegal proceedinga and to compromise w serile any clalm or controveray peRalninp therem. Lender shall -
<br /> not be Ilable to Cirentor for any actlan,er�or,mlatnke.omisslon or delay pertalniny to the actlona desaibed In thls paragraph or any damages �
<br /> resuiting th�refrom. Nothing contalrnd hsroln wlll prevsnt Lcndsr fram takfng th�actions dsscribsd In thla paragraph In Ite own name. �
<br /> 14. IMQEMNIPICATION. Lsnder shall not assume or be rssponslble for the psrtormancs of any of Grantor's obligatbns with rospect to the Property
<br /> under any circumstences. Grantor shtll Immedlately provide Lender with written notice of end indemnify and hold Lender and Ita shareholdera.
<br /> direcrors,oNicero, employees nnd npente harmleas from all clalrtie,damapes, Ilabilfties(Includlny ettorneys'lees and lepal expenaes),causea ot
<br /> action,actlons,sulte and other lepal proceedinps(cumulatively'Clalma')pertalnlnp to ths Propsrty (Includinq,but not Itmited to,those Involvinp
<br /> Huardoua Materlals). Grantor,upon the requnat of Lender,shall hire legal counsel to defend Under from auch Clalms.end pay the attorneys'tees,
<br /> Ieyal expensss and other costs Incurred in connectlon therewith. In the aiternative,Lender shall be entitled to employ ita own legal counsel to defend
<br /> such Clalma at Orantoi s cost. Grantor's obllpation to ind�mnity Lender under thls parapraph ehall survive the terminetton,release or foreciasure at
<br /> I thls Oesd of TruBt.
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<br /> lPNE5��B �FormAUOn T�chnoioq�ee,inc �11 BiD6� (800)BJ7q708 P�ge 2 of 5 .
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