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<br /> ,,.f , t8. LEA1DSi'S RtG}tF t0 CO"�7QtCE�A DE�1D L�tiAl ACii4:i9.(iranmt shaU imro�atet�t� °..' � ;•� `.
<br /> . ', '`'� �ed actton.su�.ar ather pmoee6'ing aft�in8 9�Properry. Grarttor herahy e{�oirda Lendar as attomey�rrfact m oommenae.Intewene[n.end `:.•ti., �, �•.,��;�;�'``c
<br /> ' ' � ��y���a��,��sr�g�i� artd tg om�o�a ar seltte art�f dalm ar oar�DauersY Ret�lningtherato. lertdat shall nat be Ik's6te ta . � _ , : �
<br /> �� :., . ..`°x �Iay��in�Uo ffie aetlons adessc�ad in Utis pata�aph enY darta8e
<br /> or s res�r�A therefr� K�8 �r,.
<br /> ; . . Qrasttmform�ytaeUon.errar.misft�iaa.aardsslon -���:`'� - " ,
<br /> _�;-,.��.•° . ap�edhc�retnw�lE�everllLenr�.vUatnffiSdngShoe�tices- �sedbsdintldspara��inlffia�n�[e. ,r <'`..`F� ' .
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<br /> :: .. • 14, GVD�„'�1CA'IiON. lender shail not assuma a��rces�onwi9���rm'tton n��in�d3nntry and�hold i,endsr�and Its harefii�s.�e�naei�ors.oifloess. � �;� � ;•�.�':
<br /> < .` �y�g,atentOf shatl�e►Y y�ovide �._ �...,w�...n..,.w.�w.�..»...�av�g ta�s and Iaoa1 e�m�sesl.eauses of aatian.aetlons.suits and � 4�� :°� �
<br /> s a„d�narmisss i�o�.�:�, ���rty(t��9.tiut not arritae to.ifiase►�Q Hazareous t4t�ert�s�. c�rerttar.upan 8 �� ..
<br /> � ` ' ��,�„as��nr•c�'lae� - �
<br /> � , , `� fhs tequest ot Lsnder. h6e legal oowisel to detend Lender fram sucF�qalrts.�d pay tRe atmmeya tees.�sga�e�snses artd other aosts Ineurted in
<br /> ootmeGion i h e r e r A t h. t n U t e a N a m a�l l e.L e rt d a r s t�a.7 b e e n t�e d to e�toY its ovm le�!counsel to defsnd sufi Cialrm at Cirarrtofs aost. G►anMra � .�Q � `� �`
<br /> _ .: uhJ�L'on w ine�rteilfy►18ndet under4�is¢atagsaph shali simMa the temdnation.retease or toredosure of this Oeed af Trus4 , �., ,e :�:
<br /> ` • .`�F�,, �`,.: . , ; .
<br /> . . '.;,���� t& T A l�B A N D Q S S F�S S I'd�J J i 9.C 3 r m rt o r s h a l lpay all taxes ettd asses.an�rrts rel�fn9 to ProPeriY wtten�te and irm�adtaietY P�°vld�Lender ev(denoa
<br /> 's;�;,�. , ot of sarre. Upan fhs�est ot Lend9r,t 3 r a n t or slmH da�sft Yrith lsndar e a c h r ro i ri h a n e-t we i fl h(t N 2)o f i h e e s t i t r�d�m�at�� � � ` .'
<br /> - �m t a�m s a n d�p�e o t h s P�a p s rt y. S o t o n g a s$t e r e t s n o de t a s il l.these aimums s n a u 6a�apQed �i d s s o t�d t Q ' ' , ri=-
<br /> assessrre r R S a n d U�s u r a r c e a s r e q u t r a d o n P r u p e n y�1he e�Lendera o�ann6a�appIIed�r ersa�order o tl��e�d�a t s�t h��o -
<br /> ' ` , . ', p a y e r ry t a x e s ar e g a fi s t the O h ll g e t lotts. Any funds apA �S►. P�
<br /> _ F,.�.
<br /> .. �. ags sps . , < « . ."
<br /> . :F te. INSPEC7tOb OF PROPE6iTY�BOCHB►EtECORD3 AND R�aAY:b Qanta�r�shaD�ar�Le�rU��ttma.�Graertto�r�shall�sav�de any�e�lrosta�rt� , :4':�:;:'-
<br /> ' - ertd e�nir�s,6ispeet and mal�oaD�s cf(�a�s boaks and reeot��rtzinin9 i�rtY e true.ao�r�e ertd - - -
<br /> by Lender t�t h ese p�aposes�. p ll o f�[e s t s�a e s�i rt(o m a 8 a n��atned in Granmrs books and cemrBs snaD be ger�uin . �o�.
<br /> -- _ ' �fn a11�y a e t s. GracRas slmU note the e x f s t enae of tenr�fs 6a�eftdat irtteresl in ib 600ks and cecards peKalNn9 to ffis Property- - "
<br /> � Grar�tor sha0 repork in at��� ��Y to fander.su d i i n t o m g t t a n a s L e n d o r rt a r a�st r e�n 9 t i�a n t a e's fi n a n d a l cond�tian a the P�rty.The ` -
<br /> ` f trttoma8mt shaU be far sud�parlads.shaU reRerd tirantaYs�c�st�►4rte.��shaD be tendered vrtth auch frequens�►as Lendsr rtaN de�gnate. Ap —
<br /> oiiom�IIon nunishad by CirBrtar to Lender snao be we.acauaas ar►a�ece in an respects,end si�ea by tiranmr�f L+a�r re�esrs. �:`
<br /> ` ��� 17. ESiOPPEl.CEFiT�1CA7E8.Wittdn ten(10}days after�ry raswest by Len�r,Grantor shaD da4ver to Lender,or atry h�tem�dtrans[eree of Lendefs � . --
<br /> _ �v�i t h r e s p e q t o t h e O ffi�i t o n s.a si g ned and a�daiawfed�d sffiem�nt spedtying(a)the o�IIStand�ng balanoe an the ObUga►loms,and(b)whether
<br /> Grantor pessesses erry clairtrs.detenses.set�of(s or oourtts r d a h n s w fl h raspe d to t he O�g a t f o n s a r�d.H s o,i h a m��a e o t s u c h d 2 l m a, to�matters b
<br /> • • , oowrterdat[r�.Qranmr vnU bs oondnsivehl bo��l►�ll►�R�an thal lender may rtmke to 9ie tmen�d transterea whh respeG .-
<br /> n• 1�t98V8[R1113I�Oi�3i0pi0VId31t19ffiQt19SIBdSIS�IB�II�IISURIB�}frt6M@f. . . _
<br /> r , !8�O�AULT.(irantor shell be in defmr�under tNS Desd of 7rust and�e Tnistee s prner sl�ll heeorta opera�ve in ffia euertt that Qr�tor,Bm�owaror
<br /> . .. . �S►�arantor otthe�ans: - ---- -
<br /> . ' ..�'•_' - (a) falls to pay srry Cl�i�ton to lender vJhen due: sertt m future ' _._-
<br /> .. (b) faIIs to peAa�►�l►Obif�ton an c�eachas anlf warrantY or covanartt to Lendar corttahted in ffiis Qeed ot Tnist or arry aTher pce _v-_-
<br /> ` a�reerrzam: -
<br /> � ` � , . (c) destn+Ys.roses or damaSes the Prop�rtY In enY rt¢terial respect arsuhIects��Penfl to sefane.aot�fisealton.cr oondertriation: � +y�=,y_
<br /> . :. `.'; (df seehs to revot�tertrdi►ats or o9ienviss Itmit its�ab�'iry wttfer en7t�aranry tar tha benefit ot aedmrs�taUs to pay -- ,
<br /> , ,-'.�.{_.. ..:_... �0� ��p����y��ompeterp,is effssaNed or tertsdrtated.beoortes tnsolvard,mataes an assignmem __ - -_
<br /> debts as thay 6ecorre due.files a psUUon us�rihe tecer�ban(wpri.y taws.has an imrafuntary Petftion In bankruptaS►fited in wNsh Cirar►tor.Bortav�rer
<br /> . or any�arantor ts na�d.or has ptoperty taken�u►der any writ or�ooess ot auA: _---
<br /> (f� sUaws guods to 6a used.transDerted or stnred on Uie Froperty,tha posssssbn.uanspociatlon.o►use of whldi.is 0.'egaf• ''r. _• -----
<br /> • ��� ` �}�a,Ny�y party other than Cirantoror Bartowerto assu►�onmda�tatm anY��ion wtthoul tlre wrftten wnsem of Lender,or -�-�------
<br /> , ..? • • .. �1hs D�De�tl oftpayrt�ni a�►Perfomanee is irt�aire�d ftrant decIIcte in the value of the PtayeAY.or H Lendsr,in good faith.for ertY raason.beQeves
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<br /> . . .� tg� FtiG}fTg pF L�1p'�C1I QEFAULT. It there is a defa►�under Ws Oeed af Tnist.Lender shall be ertlitledt°exerdse one or more of tha fallowing �:�
<br /> � rert�es�viBrout noUce o��rtand(except as requlred�y 4�v): _�'=�
<br /> (e}tD dedaraUt9 Obligat[ons iR7I��a1Y Que ertd payal�l3 u�tuU: r•: r. :;�.
<br /> • . • . @)t000IIediheout�ndu�gOb�gatianswitl�orwithautresorqngt�jud�al�o�sg� '• ,..� . •-'_
<br /> o[ ud
<br /> � (�) to�ec�ulce(3rantor to dsiver and rt�atm available tc LenQer�yr�onat WcPsnY ar C�atte(s amstitutlng the Pmperiy at a pface reasonably► -
<br /> � wmrenterrt to Cirantor and tander. ,,%.� •. ,�---
<br /> ' • fd).to erter upon and tatca pcusession of the Pcoperry wlthout eaptying far or obtaintng the�poh�trrem of a receiver end at Lendefs optlon.to .'."��r.
<br /> , . : appolm a reoelver without bond wiQ�ouf ftrsl bringing suit an the ObligaUans and wflhout othenrdsa meeUn9 anY statutcry oond�tions�egac�in8 .,;�;_ __._
<br /> . ... ,; ;� receivefs,ft being hrtendad that Lender ehall have this oomractuat�t�ri to appoim a reeehrer. ', '%''�'�
<br /> . (e)to err�loy a rt�amagin9 a�errt ot�he Pr°perry and let the sartia,either in Tnistae's atim name.in the nart�e ot LenQer or in the nama of Orantar.and ,_ ;. _'�s
<br /> ' � ' • ceeerire tha rerrts.inoomas.issuss end ptofds of 4ie Property and ap�y H�e same.efte►DaY►siem of all neeessery ehacges and exper�ses.on aaourrt of . ;�-
<br /> :�:_ _ .. -
<br /> .. f: c tt►s�@1lgailans: - . -_- --..
<br /> � _ , . l�w paY any surns In any form or manner deertred expe�erA by Lender to protecl the sew�ty of this Oaed of Trust or to wce arry deiauil c4►er than _
<br /> . . . . paymalrt ot Interest o►pdndpal on me 064gattons: �u oy���a}��wer ot sate as retereneed a� .
<br /> ' (g)to forodase IIes Oeed o1 Trust jume�dlly or nonju�elally and to Qlreet tAe sale of the properry � �
<br /> , ., p�a�aph 2Q hereot in aaeardanee witt�appAcable Iaw;
<br /> - . tn3 co sec-0n c3rartora otiu�ons�ns�em�amoums otivea c3remar�y 4ender indu�ng,hut not limtted to,rrorles.Instrumer►ts.end deposit �
<br />- � a�a.�is malrAained wtth Lender c�ra^y aurerNy e�dstUrg or tuWre affi�ate ot Londer;and -
<br /> . . (i)ta execdse a11 other dghts ava(tatle to Lender under any otharwritten agreorterA or appIIeabte law. � ` , -
<br /> . Landets d�ts are�tative and rtray be exerdsed tageU�er.separffiety,and In any or0er. In�e everA.th2t LenCer tnsUMas an adion seeidng the
<br /> � . . � re�oveiY ei enY ot tho Property by way of a Pceludgmem remedY in an ee6on agalrtst Qramor.Cirantor waNes ttie�"n9 a1 any hond whioh M�M �� ',, '• .
<br /> ' o�Ny?s�Cy reQuired Lender or�endets desl�ee may purchase the ProPertY a►any saie. Prooeeds al arry Trustee's s�s hereunder shaU 6e epplTed , , . .
<br /> y
<br /> . tirst.��-,e costs and e�ansss of exerctstng the ar ot saie and of�e sate.Induding fie payn��orns soauNed hereby,thi�ho�ed m olnwia •
<br /> � . , � exoe���e amourtt yuhirh maY be�ridad far In Is Oeed of TrusL seaortd,to payment ot tha Obit p� ,
<br /> � trun G:cts,mortgages.or other Renna�ders,and the balanae.N any.ta�a yaraon orpersons tega0y er�i4ed thareto. Thepro peny or arry�sart thereo�may .
<br /> � bo sd��^�nne paraol.or in sueh paroels,manner or arder ea LenQeis s d ortha ob0 on�a era pald i�n uII,B or more exerdses ot tAe pav�herein granted •
<br /> � ; shall r.m e�Ain�u(sh or e�fiaust ttre pawer unless the arriire propeAy � �.
<br /> . � � s�slB h.�erauin�t�alne�d,Lender�hall otity Ttis es��tha rtanD�Athen et�:sed by Iaw.a to sa0 Gramofs irrterest fn the Property by exorciss ol ihe power of ., . ,• .
<br />' Upon reeeipt of sucA noUce of i�ander ar.d at tha mreetlon ot Lendsr.Trusteo shall tause to bo reoarded.Fubflshed and deUvered sud�notices oi defauh • . .:
<br /> �r. � end notices ot sat0 as may t1'►en be re�ulrod by Iav�and by tfils Oaed of Trusf.TrusteB sha0,onty at the drection of Lender and withoul demand on Grantor, .. .
<br /> ` aftar sucA Umo as rtey then be roquired by law and after recordaUon of such notiw o1 datauri and after noUce ot eala haNng bec�n given as re�tred by law,
<br /> �.. seil iha p�opeAy at the Urre and p��o}sale flxed Dy it irt such notice ol sale,eithar as whole or in separate Iots or par�..-s or ft�rt�s as Lender shaU dsem , .
<br /> '' o�em,and In surfi order as it rtray Qatamdne.at pu�5c auclton to the hl�osl hidde►far cash In lawtul money o111ie UrY".�d Smtes payabte at the Urna ct
<br /> � ' � ' saie,or as olhenvisB may then be requ i r e d by l a w. Tn�stee shall daliver to su�purchaser or puroAasara thereof fts good and sutflciem deed or deeds
<br /> � � corrveying the propeny so sotd,6ut without any aovenam or wananty,express or Irrplled. The redtais in sueh deed ot any�rt�tt��e.Trustea ma . '
<br /> '" . condus�e praoi of the Vu►hfutness thno�safe�ell o�n���Non o�1 the Pro���n,ararrtor.Tmstee or lender,may purchase Y . ,
<br /> . � in tho rtgnner pravided by law postpo �Y Vo . � �.
<br /> 21.RECUE9T FOA N0710E8:Grentor requeststhat a oopy o1 any notico of defauH and a copy ot any natioe ot cate hereunder be mailed to eacA parson �
<br /> • � ' vfio is e pang hereto a1 tho adstrass ot su�person sot torth horeln et the samo Umo and in iha sarre mannor raqulred as though a separate requesi thereot .
<br />-�' ' �, had been filed 6y oacb such porson. . � .
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<br /> - _ 'l� NEOOTC Rev.297 T3�9 .
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