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<br /> • t�•TAI�S AS'!D ASSFS3l�I�l11iS�. Ciratrtot�y eU fa�ce9 end es88ssmetqs retudng�o the Prop�`�.�� fien due and tmmediatety proride I.ender _�
<br /> ,'�., �. , �bv�nca af�OaymerR of same. Upon the reql�esTol.tender,Granmr el�aff Qeposit wlih ler�er oart►me as�e3weiRh n/tz)ot tha esHmatea annuat �
<br /> B�u�nce premium.mxes aru1 sssossmertea parm1ntng�ttre ProPertY. So IQng es9�csa is na datautt,tnese amour�te shall be aPA6aa to the psymer�t� ';�: ,��°,- _
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<br /> . ° o!t�uces,asses�mems and tnsu�ance ss wquired on the P+coperty. tn the eveM ot aslauR.lender sh�ll I�avcr tho dgM,at Pts sole optlan.to ey�ty tha e� ;� � .
<br /> . `' tundy ep hetd ta pay any ffixe9 Ot qgalnst the O�igatlans. My tunQS appil8d may.et Lende�'a o�lion,be appiied in reveise order of tha due date � ,...'��.�,.'
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<br /> � � t6. Itd3P�0lJ OF PqOPEHiY.BCOi(a EiEt�RDS AHD tiEPORiB. Qtar�to�sAall a�ov��ender ot Ns agerds to examina and inspeat.the � �
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<br /> � Frcperry and ezamine�UsQect and make copies of Gre►itcr'a�aoka end�eoanls panatntng to the Fropeity nom time to�ma. firar�tot shall pm+dda� ..c: • : ,"�`,
<br /> � `,�" • arry a�iatanoe requtred by tander tar thesa p�apose�. Ali ot tfte signaturas end Entoanation aartt�lrtetl In tiranhsrs books end reectds shali ba •
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<br /> < gflnulne.'tre�e,accu►ate and wmAtete tn all ra�ecb. Cirantor ehaq nota�0 exisfence ot Isnders 6eneftcisl iMerest in iLs baoScs an0 ce�arda o � > `t
<br /> = ganatntno to U�o Praportf►• Additlona�tY.�3rentor shall report.te a focm98�91aetarY to Lender.such IMormation as LendBr�ay request regard'P9
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<br /> ' . . Qrantnra finan�l wnditlon or ths Property. 7na irdom+a5me�ii be far��. "�^ �t ii�er.LM'e r�aar�at�±+�Hme,and ehalt be _ -
<br /> . . rendered writh such irequenay g9 Leader may dasignais�. M irrforma8os►tumIshed by Qrentar te Lendcir�ail bs Lrus.aCCUrate end eomptafe in a1} t ��
<br /> �. . , , resp�cts,artdsignfldEYarardor(tLenderreques�. ' �
<br /> . • ty, EBTpppEL CEH11Fl�ATES. Witfitn ten(tOj days after any requasi by Londer,fir?ntor ehail deflver to Lender,or srry E�end�d Lansferee ot � , ,�.�" ' _
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<br /> ;_ �r; Lend�ts R�fa mlth resysct w 1he Obit mions,e signed and acimo�Aedged statamerR epecit�Mg(a)4ha ou�ndirtg balance on the Qbllgabons•and � ,_ �_
<br /> - (a)vmet�er t�r v�ssesses mnr�.d�feassa.ass-�lfs vr cwunser�tatms wm�respect to ths obHgauons ana,n so.ma nen,ra m s�,d�aaima _
<br /> ` ' defenses.esf�ffe or caur�rcTaima Gsantor wE0 bs conetusivety baund by�lr reprasertmtion that lsr�er may make to the trrtended transEeres with � ; ` ;-"�
<br /> `F`` respa�ttofhesemattarsintheeueMthatGrarttorfatistoproutdet�e�equestedstammeM(natlmeiymartner. "
<br /> �"' �� � f8.L`•UEIQi'S OF OEFAULT.An Everd ot OeEa�dt draii oxur wder this Oeed of Tncst enQ the Trustees power stfalt becoms opsrative in tha event that t _
<br /> � ' � (iranwr.8ottovrer or erry guarantor ot the ObitgaYons: • ~ . � , .
<br /> � . . (a)faf[g m FaY enY CDigaNOn to Lendar when due� . . -:;�?'='
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<br /> . '."L:�..,� '. @)taits m parfortn ar►y QhQgaflcn or breaches any warrenty or aavenant to Lendar oor�(ned in th(s Qeed af Truat ot arry ofher present cr tuhire �
<br /> � a�greemen� _ .�
<br /> ,?•.,` , a)destro]IS.tosas or Qamagea the PropeRy In arry materta!respect or subjecb 1he Proyer{y tn se(z�ua.cor�f[scatlon.or candamnation; _ —,_
<br /> � �G)seeta to revake.terminate or olhen+(ss Iimit Ra IiaLNty unQer ar►yguaranty to lertter,�
<br /> .. (e) dies,beeomea tegatty incompetent,is disscived ar tertninafe0.treeomea tnsoMent.►nekes en assignment for the benefit o4 aed'�ta[s,taits t� � : ��5,,:
<br /> pay debts asthey bewme Que,fites a pe8tlan under thefederel bantauptcy taws.has an Invoturtlary petfHHon in baniauptcy filed in which titantar, � ; _
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<br /> � � - Barrowarotenyguarantortanamed,orhaspropertymlcanunderarrywAtorprocessafcaur� .� ,.`;.,. - —
<br /> ' ' (t� affows goodsto be ased,transported or s0ored an tl�e Property,the possessEan,Uranspo�a8on,or use of vdilcA,ia Negat; <•..:�:�� , .
<br /> � (g)aitowsarrypartyotharthanQrantororBorrowertQassumaorun6ermkaerry0bligadionw�thoutthewdttanoor�ser►toTtender,or .,� ����,�� �
<br /> �� � • . � Q�) ca�sea lender to deem i1seH insea+re dim to a stgniftcant Qactine tn t�s value ot the P9raperiy,ar�f LenQer,in good feitlt.icr any reaaon, _ , ,:'�`.���?;;:�
<br /> .- �� � beQevesthatlheproSpectofpaymerttorpertormencsiaimpa(red. •.� ` i.s°r``;:, �
<br /> -'�'����r:'�:-- ������ 19.RitifRS O�r LENDER OH EYElJT OF OEfAlJLT.Upoa the ocou�ence ot an Even1 of Qefauh ander thts Deed of Trtrst,Lendar shati ba er�ftled to O ::�r..•: •`-
<br /> :.• :.:�::`_.'.•; . .. ,:.. axer�dseoneormoreatthetoitowingremediesvrtthoutnoticeordemand(exceptesrequtredD�►I�w): � -� _ `. `_ �.�
<br /> , _ ,'Q. (e�t o de c tare t�e OD1i gaUons Immedf a t e ry due and p a y a b to in fu8,sud►acoeiera9on s�ail bA sutomatlo srM tmmediate H the Evant ot Oa4aurft is ,..
<br /> . �. _:.._.`; , afiling underthe Ban1RUptcy Code; � '� � � � -__-
<br /> '' y (b)t000llecttheouLgtandingOhfigatior�sviNh arwNhautresorttngtojuQicialpracess: � ,:. ���'�s�
<br /> {o)to�equite tirantor to da8ver and maka a+raIlabte to 18nder eny personai property or Ctlatbeta constiMing the Propetty at a p1a�e reascnebly � �
<br /> �. •� camrenisr►t to Grantor an6 lender, . . � � � � �� -��:.��:-
<br /> � (d)ta enter upon and take possesslon ot i�e E'mpeRy wfthaut apply[ng tot a obtatn(rtg the eppointrnert of a�aceivet and,at tendere option,to
<br /> �" "" " appoint a raceNer wNhout bontl,without flrst bringing sutt on tne ObHgaNans and withmrt otherouise meeUng any►stawmry condtUons r�ardtag, "' -=
<br /> � . rocetvers,ft 6efng tntended that Lender shall have thig contractual Rght.to appotrn e reeatver; `�.. . ,
<br /> (a) to emptoy a managing ageM o}the Property and let the same,either tn Tcustee's own name,in the name of Landar o�in the name ot ti�� ;;•, �-
<br /> • f3rantor,and receiva ths rents,tncomes,Issues end profita of U�e Property and eppty the same,afler payment of ail necessary charges$nd �..;:,�oj„_—�
<br /> ' " xpenses,ona000uatoftheObQgatian� �,-.�`4=: _
<br /> :, . � ,.� �f}to pay any sums In any form or manner deemed expedierrt by Lender tn protect the security o!�is Deed of Trus1 or to are ar�y detauft other � °---- _
<br /> " • ,•� than paymerit of Irrterest or pflncipal on the Cbftgatlon� . • ",;.•�,_'-1 _.._
<br /> '`•,�. � (g) to forectose th3s Deed of�Tnist Judtcielly or nanjudlciaily and to direct�e sa►o af the propectyt throngh oxa�of fhB power of safe as _ _—__ • - __
<br /> refetenced In par�qraph 20,herein,in accorQance vntA appilc8b18 faw; :� __
<br /> ' • (h)to setqfi Cirantor's ObligaHons against any amounts owed(irantot by Lendet inctuding,but no4limttsd to,manies,iostruments,and depostt ' . • ==�
<br /> accourtts maiMefrted wdth Lender or any amerttlyexisling ot tuWre aftillate of Lendar.and . � �`�
<br /> ,� ' . ()to cncerciaeeltoff►er AgMa avattabTB to Lenda�undet enyott�er wfiuen agteement or aypl)capte taw. ' -___-
<br /> `- � lendar's d�ta ara cumulaUve and may be eaerCised tagether,separate{y,and tn any ordar. In the event that Lender insttdites an aatlon aeektag - -_
<br /> '•F. � " • tl�e reeovery of ar►y of the Proparty by way ot a prejuatgment remedy in an actton again�t 3rantor,tirantor watves the posting of eny bond whicfi _
<br /> ° .• migM otherwise be required. Lender or Lendafa destgnee may purchasa tha P�opeRy at any sate. Procesda ot any Trustee's sals heceundet "-���
<br /> . shall bs appiied ftrst,to the costs and expenses of exerctsing the power ot safe artd of tha eala,inctuding the paymertt of the Tnistees teea • � `.'�;�3��-
<br /> � . . . � actuaRy ineurted and not to exceed the emourit which may be pcovided tor in tnis Oeed of Trust,second,to payment of the ObiigaUons seeured � � '..°�;.=_
<br /> , � hereby,thtrd,to the paymertt of juMor Uuat deeds.mor�age�,or other Henhoiders.and the balanse,fi arty,to the person or peraons tegalty • - ,;;'�;:--
<br /> ' . enUtted thereto.The Property or arry part ihereof may be soid In one parael,or in such parceta m�rmer or order as Lender in Its sote tliscre�on .
<br /> " , , • • may elect,and one or mor�exercises otthe pawer herein graMed shail not ex8ngulst�or o�aust tha power untoss the antlre Property ts sotd or - � - _
<br /> � . iheobligatlonsarepffidtntuil. _—
<br /> �. ` ' • .,� 2A�RU9TEE'S E7�RC43E CF POWEti OF 9ALE QN DEFAULT. Upon defeuft by Bortawer ln�ayme�o!any ObG�ations seared herebv,Lendar _
<br /> -_, ,. m ydeciare afl sums,saarecl horeby,,immedlatety Eue and payabla and aha!!causa to be 61eef ot reaord a vrtitten na�ce o!defeult artd eIecti�on to �
<br /> -• ;'� se11 the Property. Atter the fepse ot such time as then may be requlred by law toftaw►ng recorda8on of such noUce of detault,and aoUce af sate
<br /> ��=� � � .� . � havim,��2vn given as then required by law.Truste�.w(8�autdamand on QracKnr.shaJl seit suoh FiroPertY,e#ter as awhote ot in 68par�parCOls.entl t.� �� -�„--
<br /> = � In euch c:^'er as it or Lender may determine,at puElio.auetton to tho highest btQder. 7rustee may postpone the eafe of all or au��tlon ot the � "� ��- =
<br /> '' � _ . .�- Proparty by publio announcemen at tha time an0 ptace ot eate,and fcom Ume to ttme thereafter ma by p �` . ,..�"�`�-
<br /> :; . . .. { y postpone the sate ubito announcement at . =
<br /> = � �� tha ttme and place flxed by the preceding poslportement Truatee ehall deliver to such purchaser Hs deed comreying the propeAy;or poRlon there0f. , . . '..�4"'°-
<br /> }�� �•. _ • �� so sotd,but without azry covenant or werranty,express os impiied. The reettats In such deod ot any mattera o1 faot or atharvviso,shall be oonctustve .- :�
<br /> ; f proof Of tha truthfutness thereot Any person,Including Grantor.Trustee or Lender,may purchase at euch eate.
<br /> 21. BEQUEBT FOA HOTICEB. Qrarttor reqeesta thal a copy of any noUco of default end a copy ot arry noUca ot sala hereunder be ma(ted to.each , .
<br /> � • ' person who Is a party hereto,at the adQreas of such person set forth herein at the sama time ana in the same manner requlred as though a sepsrate � . _ � �
<br /> '� � � ,,,� � requesithereof had 6oen flies by each such persan. . : :_ .
<br /> • ' 22. SECtJRtT1f INTEAFST UNDER THE t1HIFORM COMMERCtAL CODE fiis Oeed ot TNSt shall ba ccnsidered a flnandn statament and a '
<br /> • �� flxture fiting pursuant to the proviatans o}the Unitorm Commercial Code(a�adopied In 1he atate whece the Praperty Is located�cavering ftxtures, . .. ,
<br /> � . � chattels,and erticies a�personsl property now owned or hereatter attache0 to oi to be usad In connoctton wfth tha Prcya together witA ar►y and A{I •
<br /> • replacemems thereof�:.3 additlona thereto(the'Chattets�,anc!(3tantor hereby grantv Lender a security interest In such�Stt819. The de6tor ie the • . �
<br /> � � Qrantor darcrlbed abovo. The secured party Ia the Lender Qoscribed abave. Upon damand,Qrantos�all make,execute and dellve�auch seeurity . �
<br /> � ,`�� agream2nts(essuchterm is deflnod in said Unitoran Cflmmorciel C9Q9)�a lsndor alany time mayd=am necessary or prapai ar re��ised to 8rantto
<br /> � ` Lsnder a perfected security fnterest in the Charieis.and upon Grantetstaiure to do so,Lsnder ts suthori=ed to s:gn eny sucA�qreers:er.t as the agent � �
<br /> � � .. ,.' ' ot C�ransor. Orentor hereby avtAorhea Lender to flte flnancing stateme:sis(as auch term la deflned In said UnNorm Ccmmeccial Code)wi4�respact to , .
<br /> � ' " the Cf►atteta,at arry�me,without the signature ot GraMor. 6rantor wifl,hmvwer,et any ttme upon request ot Lender,sign such flnancing smtemerrta. • •
<br /> • C�antor wlll pay atl flBng iees for the tiiing of sucb flnanNng etatomeMS and for ihe refi6ng thereof et the Umes requlce0,in the opJnlon at Lsnder,by . .
<br /> - � � said Uniform Commoreial Codo. B the lion of this Deed of Trust ia aubject to any security agreement covering the Chalteis,than in the event of arty ' '
<br /> . ' ' i de}auft uncter thla Deed ot Trust,ail the right,UUe and irtterest of Orantor In and to any and all o!the Chattola is hereby asstgned to Lender.togefher , ,
<br /> , s with tfie benefl!of any deposita or paymeMs now or hereafter made thereof by Qramor o�thv preCeeessors or successora in titte of QrarKOr In the
<br /> • � propeRy, � , . •
<br /> . ` • ' 23. REIMBURSEMENT OF AMOUI�B F3�ENDED BY LENDER. Lendor,at Lender'soption,may expend tunda pncluding attornoys'feas and legal � �
<br />' axpenses)to peAorm any act required to be taken by GraMOr or to exercise any�1ght or remedy ot Lender under thia Oeed of Trusi. Upon demand, � ' . '
<br /> arantor shall immediately�elmburse Lander tor atl such amounts expended by lender together with Interest thereon at the tovrer of the highost rate • � , .
<br /> ' descrlhed in eny Obligation or the nighost rate attawed Cy faw from the date ot paymen!until ihe dffie o1 reimbursemerd. fiese sums shall be � '
<br /> inctuded in tha deflnitlon of Obligations h¢reln and shal!be secured by the beneflclal interest granted herein. If the Ob�igaUons are pald aftar th� •
<br /> ' � becilnning of publtcatlon of noUca of sale,as herein provided.ar in the evertt LenQer ahal�,et iffi sol9 opUon,pettnit arantot to pay any part of the , _ , ..
<br /> ' ObligaHons after tho 6eginning of pubiication ot notice o!eate,ae herein provided,then,Grantor shall pay on demand ali exponsea Ineuned by tho ,
<br /> • ' • Trustee and Lender In connecUon with sald publicatlon,including reasonabfe attarneys�feeato the nttomoys for 4he Trustee andtor the Lender,and a
<br /> , reasonabte fee to the Trustee,end thi9 Oaed of Trust shali be security tor all such expanses and tees.
<br /> ��. ' � � 24. APPL1CATtON OP PAYMENT9. Af1 payments made by or on behalf ot araMOr may 6e appiied against the ampunts paid by Lender prriudirtg � � �
<br /> � ' � attomays'iees end IegtN exyenses)In connectlon with the exercis9 of ita dghts or remedies Cescribed tn ihis Deed ot Tru9t and then to tho payment ' -" .:
<br /> ' � ,- ot the temaintng Ob1lgaUon9 in whataver order tander chooses.
<br /> .,.�.:. . 28. POWER OF ATTORNEY. GraMOr hareby appotnts lender as its ettomeydndact to endorse Grantor's name on all InaVuments and othar ,•: � ,.
<br /> .. , � documerKs peRelning to the Obligations or Qeed of Trust In addiUan.Lendor shatl be entiUed,but not required.to petform any aCtion or execut9 enSr •
<br /> documeM roqoirod to be takon or executedby Grantor under this Oeed oi Trust Lender's peAOrmancA ot sucb actlon or exocWon of such . '
<br /> . documents shail not reiteve tirantor lrom any ObltgaUOn or cure any dafault under thie Deed o}Trust All powers of attomey Qescrlbad in thts Oeed of •
<br /> � � � Trust are eoupted vdth an intarest snd aro Irrevacabis. �
<br /> --- •-.—•--.. . ._ . .
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<br /> 28. SUBROtiAT10H OF LENOER. Lenaer snatt be subtoga2ea to tne rignts ot tne notaer of any previous tien,security interest or encumbranco - ---
<br /> , � disCharged v�ith tunds advanced by Lender tegardtess o}whether thess Ilens,se.uhty interesb or other encumbrances have deen reieased of recOrd.
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