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<br /> � � . . 97_ 1i4555 -__
<br /> , n eifecti ih�Prop�rty. annta 1»nb1'y�pol°t���d�►�����anQm�yIndact to comnence,Intervene In.and y� —
<br /> 13. LEN�EEi'9 RItiHT TO COMAAENCE OR DEFFFID 4EOAL AC710NS. Onnta thdl knrndlatNy ovlde Lender wNh wdnen notica ot eny actuul or
<br /> threaten,ed sct�on;sull,or other proceedi 9��°9 �to���M a pnls�ny ddm or controwtsy rtelnin there�o. Lendxr shall not be Ilable to
<br /> detend such acibna,BUI1b,or other legal{x npf
<br /> Cirantor tor any ect�on,6rtor,ml�tek�,oml��lu�cr d��a'�P�nd������°hjs���������yn n�e�f�nr qny meges resulting iherefrom. No�hlnp
<br /> contalned ho►eln wfil p�evern Lender from taWnp ih�act �d�
<br /> 14. iiiDE�."3tFIC�T1(�1. 1""de shell not nt�urtw or b�ntponsi�fa tlu�rimrw�ot�n o10rc�rria's obllyatlons with respect to ihe Propeny under ,..: _
<br /> en dreumstances• arentor ahNl Irtmedlatsly proWds Un�1ew�ili,l�s(InGudinp enar»y�fM�a d dbgal�e Pen��e°1 c�auee of ac on,aetiona 6suf 6 and �,'.(.----
<br /> ertyployees and e9er�ts ham�ls�s from all dalms,demWes� -
<br /> other legal praceed�ngs(cu��alhrNy'Clalrrn')p�rlelNrp to th�Prop�Ay(�nchWlnp,buf►wt Ilrtil�d Io,Ihuu InvoNinp Hezardous Materlala). Cirantor,upon �
<br /> � yNe own I�I eounwl to delend such Clalms at Cirantor s cost. Grantor s
<br /> tho request of Lendar,shall hire lepal co�nse�io det°nd L��r hom wch Clairrr,�nd p�Y t►�°itom�Y��°e�'�e9�ex nsea and other coats Incuned In �
<br /> .,sa, connection therewHh. in ths �th`�����u�,�ys M t�m�lrt atim.r*aq or lor�cftasur�ot Ihis Deed of Ttust. �_-
<br /> oWlgatlon to Indermify Lsnd�r ovide Lender evidence
<br /> '��H~� 13. TAXES AND A88E8SIIAENTB. C3rentor shall pay all texes end atNSN�rnt�r�lstlnp to Prop�rly wh�n d��and Irrrr�edlately pr
<br /> ••"�'�` 6�� the rsqwtt of UndK�C�ra�ta sh�U d�po�tt wRh l.��d�►�aeh m°��h one•twelflh(t/t2) of the estlmated annu�I�of trexes,
<br /> nt of seme• UP� elnlnp to th� Prop�ty 3o IanO es th�r�I�no d�feufl,thaN ertwunt�shall be eppllad to thehpa unds so held to
<br /> pre um,taxes and assessment�P�1 In ths wsnt o1 delwR,Und�r thall luiv��hs►19ht,at its sole optlon,ta epply
<br /> asaessrt�erne end inwrance a�requlred on ths Prop�rtyI��y�t��r���.���In nv�rsa onier of the due date ihereof. _
<br /> p4Y�Y t�ea or agelnnt lhe Ohllgations. My(unds ePP�
<br /> 10. INSPEC'IION OF PROPERTY,BOOKB,RECORDB AND REPORTB. Cirentor�hall dbw l.�nd�r a Uc eg�rna to ox.ernine end Ins �y asslata�n� _
<br /> ulne,true,accurete and
<br /> . . end Ired�y�Lende�o and���sb All oihe tl�nb etu►e�and I�ortnatl�on cont�al�n�d In Or�tore boolu end rticords shall�be pen��� Additionally�
<br /> requ
<br /> complete tn ell respects. (irenta she�i note th��zfstenos cf Lend�r�b�flda�Ime��t In It�book�end►scord+p°rtalning to the P�� �SI ate. All
<br /> y �qw as Lender may 9�
<br /> drentor ehall�po�,for such pedtod�ehall ro8sct Ciranto�s noof�li et wch t� I��nd�hdl b�r�nder�d w h�uch�h n�M�Y �tbn or the Property. The .
<br /> Informatlon
<br /> � Informatbn tumished by(3rentor to L e n d s r a h e l l b s t r u s,a a u r a t s a n d c o r r p bie In ell rofpecl�,and dpn�d by drantor if Lender requaels•
<br /> 17. ESTOPPEL C8RTIFICAT68. Wiihln ten(10)days arier any requat.�������pej i���i��°g j���onnihotObliBaAonsS'and(b)whe her . --
<br /> rlgMs wflh reipaet to the Obligationa,e signed end ecknow�edpod to th�Obllpa�lons end��f�°�1he nature of such dalms,defenses,aet-ofts ar
<br /> . . • d►antor poaussai eny dalms,def°"s°�,°et�ofla or countxdelrtr wnh resp�ct
<br /> courrterdaims. C3ramor will be condu�lvely bound by eny roPns�nte�ion�h°�L�n���y�°la th�Int�nd�d trm�ferae wNh rospe�t to these rrmflers n
<br /> the event that Grentor fells to provide the requeated etatemert in a timely mennsr. ��ye In ihs event ihat Or2ntor,&xtower or
<br /> � 18. DEFAULT. �rantu shall be!n deteufl under thle Deed of Truat and the Truqee'a pow�r�haH bkorrb°P�ra
<br /> ` eny pueranta of the ObUgatlons:
<br /> (a)}ails lo pay anY Obl�9atw"to Lender w►�en diw� or�M�t to���t�d In thls Dwd ot Trust or eny other present or future
<br /> �• (b) falls tn perfortn eny Obllpetlon or txeachea any warrentY
<br /> a���t: In eny rnt�rlal ro�et or wb�cts th�Prop�rty to seizurs.eonHscatlon,or eandermatlon;
<br /> �� (c) dosuoye.Ioses a darrego�ths Property arent to Und�r,
<br /> �� � (d) 6eeks to revoke,terminate or othsrwiss Ilrrtt hs Ileblltty unde►enY W y tltlon In benkruptcY Nled In whleh Orentor,BoROwer
<br /> (e) ��,become�IegellY Incompetant.Is dissdved w t�m�lnat�d,b�cortr�InsoN�nL meku an ass�9�mmt for the ben�M of aeditors.failc to paY
<br /> - -- - ����,��y�nrre due.flles e petfllon under the i�rd benkruptaY Iaw�,has an involuntary p
<br /> �� or any gutuantor is named�or hae prope►►Y taltsn unoer eny wrii t�N•,co�:c!xu.^.: etlon.a us�of whlch�I�Illpai:
<br /> Y (� BIIOYl6 QOOd6l0 I19 IlfAd,trensportsd°�st°r°d°��hs Property,tM po�WSalon,trm�port
<br /> other lhen Cirentor or EoRawer to aawms a un�Nrtdw enY Obllya�bn wflhout ihe writton cai�eni of Under;or
<br /> '�� (g1 �I�yys�Y�Y or if Lend�r.In qoosi faflh, fa eny reaaon.belleves
<br /> i (h) �auies Len�to de�n it�ssif in�la Impeirs�d ifloant declins In th�velw of 1M Property�
<br /> that the p►ospec PsY � _
<br /> � � 1p, plfiHTB OF LENDER ON DEFAULT. If there Is a default under thla Deod ot Truet,Lsnder thall be sntltled to sxerclss ons or rrpro of the tollowing
<br /> remedea without notice or demand(except as required bN�QM'1�
<br /> �, (a) to declare the Obligationn Imrnedlataly due end payebN In tull;
<br /> �: (b) to eollect the outstandinp ObUOatlons with orwithout r�aoning to judiG�pr��o�rn or Chatlela eonstituting tho Prop�rty at a pleee reasonably
<br /> (c) to rac�ulro Cirentor to d�IMer end rrnks avallabb to Lender eny Pe ����nt of a realvx end,a1 I.encier's optlon.to
<br /> ` convenbnt to�rentor and Lsnder, W�thout apply��0�or or ob1alNng 1he epPe etelutory eondfUona regerdln9
<br /> �• (� to enter upon and take poaseaalun of the Propetty
<br /> � �t appdm a recolver wfthout bond,wHhout flnt bringing auit on the Obllgationa end withaut oth�rwlse meeflng anY
<br /> ��rers,h being Intandsd that Lendx shell have thle eontraetual Myht to eppolm a reaiver, nt of ell rnai�ary cher9e�end expsnsee,on exoum of
<br />- (e) to employ e rr�eneging egent of the Property and let the a�,eithe'�T�ene��.�n lhs name of Lcnd�r or In th�name ot(3rentor,and
<br /> � � rscelw the rente,Incomee,lasues end profits oi the Property ePP�Y
<br />_- � the Odigatlons:
<br /> (t) to pay enY sums in eny form or rrenner deemed expedient by Lender to protecl the securiry of thle Deed of Trust or to ee(o+��es nfaraenced In
<br /> paymont of Inturest or prindpal on the Obllgatlons; throu exerde�of the pow
<br /> � � (g) to toreclose this Deed of Trust judicially or noniudidelly and to direct ths sals of the property 9h r
<br /> � � paragraph 20 hernof In acccordante with applicable�aw� �
<br /> n_
<br /> � �h�strreln alned wIt�Le^�ellon�`ege�n�s��y oer�n�o�'�n�t Or��e flt�fljla°e of lender enduding,bu1 nol llmited to, monlee, Instrum�nts,and depoa
<br /> e law.
<br /> �� � � (q to exerdae all othor righte avalleble to Lender undsr any olher w�lten egreament or eppUcab� __
<br /> : � Lender's dphts ere cumulative and may be exerdaed togetle r.sep�nnrate1enlY��n Iega�nst G tor,�Qrentor waNee tha post�Inq of eny bond whlch�p lh t --
<br /> � rowvery oT eny ot ihe Properry bY waY�f a preJudgme medY _
<br /> otherwise be requlred. Lender or Lender s designee rrey Fwrchase lhe Prnperty at eny sale. Proc�edt ottthe Trurstea�61�actually�lncurt�d and n��
<br /> I p�
<br /> yme n-
<br /> ' Orst,to the coata end exFensea of ex��si�n,8�`hn ihls Deod of�Trust�.�second,oepaymem of the�Obll9atione sucured heroby,thlyd,to tho payr►bh,o�fofu�n�I�oy `
<br /> ; I excaod the amount whieh may be Pr � _
<br /> truat deeds.mort9a98$•or other Ilenholders,and Ihe baiance,�f e�Y.to the peraon u porccns Iepal�Y enthlsd thareto. Thaprop�rty a any Part
<br /> be sold In onn ulsh olr exhausth�power un res5 ihe en�tire proparty Is sold orlthe obllgatlo�aro pald�lnaul�a�re exsrcisas ot ihs�.owe hsrNn prent�d -
<br /> shell not extl g
<br /> 20. TRUSTEE'S EXERCISE OF POWER OF t3ALE ON DEFAULI�: li Lender o�ecta to sefl Grantors Interest In tho Propeny by oxorclso ol the power ot ..
<br /> sele heroin coniNned,Lender shall notlry Trustee In iho rt�annor then requlred by law.
<br /> I
<br /> Upon racoipt of sueh notico ot Londer end a1 tho dlrecllon of Londer,Trustee shall eause to be recorded,pualahed dnd delivered duch notices of defau t
<br /> `� � afler such Ime6asemaY t�he�hbo r qulred by law'end aflor recordatlon of such notNCetof de auit and afler notice of aele havingnbeen�g�ve ea�requl�red hY law.
<br /> 1 Qx'pI e�dientr and Inasuch order ao it�rrey det rmin�e,atbpubllc eucUon�t�ihethlghest�blddar for cash In lawtul mon�ey otihe�Unit d�Stntos pn abie nt theltlma�° ,
<br /> _ sale,or os o�he olse►nay�tsold,butwitho bany covenant or warra'ty, expresa or Irmpliedr fie rocletals In euchlde�o y�r�attec�6 Of 1�C BoBIIA� bgs �
<br /> corneying tho_pr�„y���h���i�pGa�hernof. Mv Dorson,Induding,without Ilmitatlon,arantor,Trustee or Lendor,rtuy purchase nt such ealo. Trustoo rr�Y
<br /> wnausiw Fnw���.�,-••-..._...__ ttlon or tho rropnriy.
<br /> ; !n iho rrennor pruvidod by Iaw posipone sale of all or eny po
<br /> 21. REOUES hQ Q a ai�h°eddro 6rof such personlsel lorth horoln A11hoI s�arrx�t�lme la d nthe samegmannoro qufrod as Ihou�n oparnto roqur�eh lheroo� II
<br /> - who I s a party
<br /> had beoo filod by oech such porson. �i
<br />- � � t�r.po3 W6
<br /> � �
<br /> � NEDUTC Rw.Z97
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