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<br /> ."'.",`�.�� 12-05-1988 DEED OF TRUST . 9�- 112,34'7 Page 6 �
<br /> (� �oen No 762319 (CoMlnued)
<br /> . . .,''�" ��..�..��..��� —
<br /> �� m�d�, �x�cut�d a d�Mv�nd,fn L�nd�r a to l.�ntl�r'� dMklnN, end when requeslyd by Lend�r, causa to t»Illed, recorded, reflled,or
<br /> ` ' ' j9, ' nnead�d,�e It�oUa nuy b�,�t tuoh Nrr��nd In tuch oMas and placws u Undw may daam�ppraprkle,eny and sll such matpapes, __
<br /> dsndf Cf trutl,Wturity dMdf,t�ourity�prNrtNnb,Ananclnp st�t�mente,contlnustion eulsmsnb,Instruments of lurther eseurence,certiflcates,
<br />_ . � . �nd olher dxurr�nh��rrNy,In th��ot�opinlon of Lend�r,bs nsasury or ds�lrable In ader to eHer.tuate,comptets,perfect,contlnue,or
<br /> "� pnssrw (�)th�obNp�dons d Trusla und�r Ih�Not�,thh Dssd of Trusl,�nd lhe Retal�d Dceumwnle,end (b)the Ilans and securliy Interesls _
<br /> .',� crNd�d by thl�DNd ol Trust��flnt�nd prla INne on Ih�Property,whethx now ownsd or hsreaRsr ecqulred by Trustor, Unless prohiblted by
<br /> - `� I�w or�pn�d lo iM contrAry tty Und�r In wrRlnp,Truria ehall reimburse Lender for ell cosb and expansee Incunad In conrwctlon wlth Ihe
<br /> m�it�n r�Nrr�d lo In Ihis p�r�qraph.
<br /> ,. � Attoro�y-111-FoCI� II Truftor hIM to do�ny of li»ihinpf nfwrvd to In Ihe precedlny paraflroph,Lender may do so for and(n the name of r
<br />= Tru�ta and tl Trutta'��xp�nw. �cX woh purpotM,Trutta henby Inevocably appoinls Lender es Tr�stor's ettaney-In-tact tor the purpose
<br /> ='�'�'"� of m�klnp,�x�CUHnp, d�Nwrlrp,Illlnp,roctxdlnq,�nd dolrp all other thlnqs as may be necessary or deslrable, In Lander's soie opinlon,to
<br /> . �ccomplhh tM ma8�n nhrrW to In th�pnc�dlnq p�r�pnph.
<br /> Ft�.L PERFORMANCE. If Tru�la p�yt�H IM Ind�bt�dn�a wMn dw,and otherwisa perfams all the obllpetions imposed upon Trustor undAr this
<br /> '�� Dn�d of 7rust, L�nd�r th�N �x�cut� �nd dNl+»r lo Trut1N � r�qu�st fa full reconvayance and shall execule and dNiver io Trustor sultable
<br /> et�NrrNnts of brminaGon of�ny financlrp�tat�rrNnt on fIN�vld�nclnp Lender's sacurity Interest in the Rents end ihe Personel Properly. Any
<br /> , roconvayance fN nqulnd by law ah�ll b�peld by Truttpr,If pKmiH�d by�ppl�able law. .
<br /> DEFAU.T. E�ch of th�fdlowlnQ,d llw opAon of Und�r,eh�H co�ti�tltul�an event of delault('Event of OelaulP)under thls Deed ot Trust:
<br /> �,y+Y�'^ -
<br /> � � Whult on Indlbl�dMia. F�ilun of Trustor to rruk��ny p�ym�nt wh�n dw on lhe Indebtedness.
<br />- .. �r DN�ult o�OtMr P�ymllnt�. F�Aur�ol Truttor withln ihllirrw nquk�d by this Deed ol Trusl to meke eny payment for fexee or Insurance,or
<br /> :. any othsr p�yrrNnt rwass�ry to pnWnf fllinp of a l0�H�CI dlsChlirp�ot any Ilen. _.
<br /> �.�_..,:. = _
<br /> - :ompll�na Mfwlt. Fallun of Trudw lo comply with lny otfwr brm,obllpatlon,covenant a conditlon contalnsd In this Deed of Trust,lhe -
<br /> tvote a In�ny of Ih�RN�t�d pxum�nh.
<br /> FN�e 8tat�m�nt�. Any wur�nty,rspr�ntatlon a�i�t�rrwnt rtud�or furnish�d lo Lender by or on bel�aif ol7ruslor under this Deed of Trust, °
<br /> .'', th�Not�or tM Ralal�d DocurrNnta Is hlt�or mislNdinp In�ny m�t�rial nsp�ct,efther now or al ihe lime mad�nr furnishad.
<br /> •c;•,,.,.:•, .
<br /> Whctiv�CoII�1�rMlr#11on. Thb ONd of Truaf a�ny ol Ih�RN�t�d Dxurr�nts csases to be In lull force�nd effect(Includinp}allurs ol sny
<br /> i: j��r��: cdlat�rd dxuments to cnat��v�lid�nd p�nc�tad Mcurity Int�rat or INn)�t any tlme�nd}or eny reason.
<br /> DMth o1 Inwivsncy. Th�dw�h ol Trusta,tM Intdwncy of Trustw,tM appdntrrNnt o}e recalver Ior any port of Tru�tors property,eny
<br /> �' �,,i:��.y , asslgnmont for the b�nMl of crediton, �ny typ�of endila workout, a lf►� commenCem�nt of lny proCeedinp und�r any bankruptcy or
<br /> -.r,;;; Insdwncy laws by a ap�inft Trualor.
<br />�!'C`�� Foncbtur�,FaiNtun,�tc. Commmarn�nt of la�claun or 1orlNlun procNdlnpa,whether by Judiclal proceedlnp,eelf-help,ropossasslon
<br />'::'�°:' a eny olMr method,by�ny cr�dlia of Trusta a by�ny powrnmant�l�p�ncy�p�inet�ny ot the Propsrty. Howsver,thb eubs�ctlon shaN not
<br /> =i;.1:� apply In iM�wnt of�pood hllh dispul�by Trwlor a�lo tM v�Ndity or naaan�bleness of Ihe clalm whbh Is Ihe b�sis of the toreclosure or
<br /> en;, :.. fa�feitun procMdlnp,provldad lhat Trustor plva L�ndM wrifl�n nolla of 6uCh Clalm end furnishes reserves or e surety bond fot lhe clalm
<br /> =ih� , saBthctory to L�ndrr.
<br />-�:�:�`.,c -
<br /> � �• as.�nr c�Ib.r Aarwm�nt. Any brach bY Trwla und�r Ih�tKm�of any otMr apnement between Tru�ta and Lande that Is not nm�dNd
<br /> �-•:;�;'���� withln�ny praa pirlod provlcNd th�rWn,Includfnp wHhout NmNatbn�ny�prNrrNnt conarnlnp any Intlwt�Cn�ss or otMr oaupRnon a i rusior
<br /> :T�^� to Und�r,wMtMr ucitNnp now a MNr.
<br />_.�;:sa''L�'i'
<br /> =- Ewnt�Afhcqnp Owr�nta. Any of tM pr�dlnp�wnb oocun wllh rKp�ct to any Ouaranlor of�ny of th�Ind�bl�dnesa or�ny Gwrantor
<br /> y — dla a 1»coma IncompN�nt,a nvok�s a dlspWN tl�wRdlty of,a IiablNly und�r,�ny Qwranty o(1h�Ind�bt�dness. L�nder,�t Na optlon,
<br /> �= • may, but�hall nof b� nqWnd to, pamN fM Owranta'�Mt�M to wum�ueeondltlonaqy►h�obllp�dom uisln� und�r th�yuannty In a
<br /> :__:��'�.� m�nner�thhctory to L�ndw,�nd,In ddnp w,aun IM Ewnt d DNaWt,
<br />-�;Y��� InNCUrNy. L�nd�r In qood hlih dNms ItsNf Int�aun.
<br /> :_�� Rlpht to Cur�. If euch u hllurs la cur�bN and M Trudor hu nN bNn plwn�nodcs d a brNCh of the sarrM provlslon of thls DsM of'�ruat
<br />_-�`;�,f;����� wllhln 1M pt�.vdlrtq lwnlw(12)montht,It m�y 1»aund(and no Ewnl of O�hulf wIN haw occurrsd)It Trusta,�Itsr Lvnd�r s�nds wdtlen
<br /> _.,n,u,���.� noHCS d�mendlnp cura o}such f�Wurr, (a)cuna IM f�Aun wllhln Nn(10)d�yr a (b)tl lh�curo nqulns mae than ten(10)days,Immedletely
<br /> ._-�,�,��� Initlatss st�ps sufHCNnt to curo tM fallun�nd tMrMMK eontlnws rnd compNlq �N rMS�onabk end necessery steps euMcNnt to produce
<br /> __��.::�� r,ompllancw as soon as reesonably prRCt��I.
<br /> --�'-�� RIOHTS AND qEMEDIES ON DEFAULT. Upon th�occurnn�w of�ny Ewnt of DM�ult�nd Rt any dme thereaR�r,TrustM or L�r.dsr,at Ila opllon,
<br />_—,�,�;,��.�� mey exerclse�ny one a mon of ths toNowlnp�Iphb and nrtMdN�,In�ddlllon to�ny othK rqhb a romedles provldsd by law:
<br />�_,_+��",.i�� Acc�wr�tlon upon Dehu�l;Addltlon�l Rtm�df��. M�ny�wnl of d�huM occun as p�r lM tsrms of ths Note secured hersby,Lender may
<br />-_:,._t=;�-- d�clers nll Indebtedness secur�+d by thls DeW of Trut!to b�dw Rnd p�y�bl�rnd tF►�ar►�ehall ihKeupon b�corr»dw and payabls wllhout
<br />�.;,s;�'*,f eny pres�ntment,demand,protost or notic�cl any klnd. ThKNMr,L�ndK may:
<br />���'�'%�^ (a) EIthK In p�raon or by apent,wtth or wlthuut brlrpinq�ny�ctlon a prxwdnp,or by�recelver�ppdnted by�court and wlthout
<br /> �'�+ rapud to tha ad�qwcy o}Its secur+lly,�nl�r upon�nd tak�pn�Won of tM PropKty,or�ny pa�t thereol,I�i Ib own n�m�or In the nams
<br /> '�;::Lf
<br /> ��f,�.., T o}Truste�,�nd do any ecls wh�h It de�ms McesMry or dNkAbk lo prKOrw lM value,mulutabWty a rentablllty of th�Property,or part
<br /> ..-.�.�.R�,r of Ih�Propsrty or Inbrest In tha Prop�rty;Incnas�tM Incorn�kom Ih�Propwty a prot�ct tM security ol th�Prop�rty;and,with or wlthout
<br />-- --�'-� taklnp poasasslon of the Propsrty,eue fa or o1MrwIN colNct thv r�nb,Iqua�nd prt,llts ol tf►�Pro�rty,Includlnp tho�pasl due rnd
<br /> .'"'"`", unp�ld,�nd�pply th�aam�,la�cotb�nd ucp�nsq of op�r�tlon and CoH�ctlon,Includlnp�Rorrnys h�s,lo any Ind�bt�dnsss secured
<br /> -=-"��"`r, by thts DNd of Trust,rll In such ord�r u L�nd�r rru�y dN�rmlM, TM�ntalnp upon�nd t�klry poss�lon ef tM Property,tF►�adNctlon
<br /> -:°.�.'w�*±�►'��' of such rente,lYSU�and proAts,�nd tM�ppNCaNOn IMnof tl+�q nol cun a w�lw any d�tault or notla of defaWt unda thls Oe�d of Trust
<br /> - `� ' or Invdldde eny act done In syspona�to �uoh dN�ult or punwnl lo tuch noMa of d�hWl;and, nolwlthsUndlrp fhe contlnuance In
<br /> T��� •��� possasslon of lh� prop�rty or th� coII�CUon,ncNpt�nd�pplkatlon of nnb, Ntua1 a proAts,Trus1M or Lsndw ihall bs mtltled ta
<br /> � • oxarclse�very r10h1 provld�d for In lh�Not�a Ih�RM�t�d Docum�nh a by I�w upon tM occurr�nc�of�ny event of delault,Includlnp Ihe
<br /> ` ,.� rlqht to�xirClso lM pow�r of uaN;
<br />_ (b) Commence an acllon to faeclose thls DNd of Trust a�morlp�p�,�ppdnt�r�cNwr nr sp�cllfc�lly onforCS eny of the covenents
<br /> � hereot:and
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