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<br />, a Y� 12-03-1998 �: 7��gii�c��aj DEED OF 7RUST Page 2 • ."�,'"•
<br /> ,
<br /> �� R.oan No 76226'a (Continuecl) . � ��:
<br /> �> ':> „�-��,.. � �;
<br /> � �'j TrusF shali have lhe meaNngs etfributbd tp such terms in the Uniform Cammerr,ial Code. All eefer9nces to doliar amounts shalf inean emountS in 'd;;
<br /> � ,� lawlul monoy ot ihe United States o(Amorica.
<br />° T 'j Senpflclen�. 7he word"Sane(ciaryr'means Five Painls 6ank,its successars and assi�ns. Five PointS Bank aisa is referced to as"Lender"In ''� �
<br /> a
<br /> j fhi5 Ueed o(Trust. �'
<br /> r � , ,,.
<br /> • i Deed ot 7rust. The words"Deed of Trusf"mean this Ceed of Trust among Trus9or,Lendor,and trustee,and includes withbut limitaticn ali ri'
<br /> � assignment and security fnterest provis(ons relating to the Personaf Property and Rents, -
<br /> t � `�
<br /> ; j Guaranlor. Thc� worU "Guarantor" means and includes wfthout Iimitatlan any and.atl pusrantdr5, suretias:and accommodation par4ies in �
<br />� � '� connection with the lndebtedness.
<br /> 5� imprqvemen is. 7 he war d"I m p r o v e m$n t s"m e a n s a n d{n c l i l d e s w i i h o u t f r m o t a ti o n a q e�s t i n g 8 n d f u t u r e I m p r o v e m e n t s,b u i l di n g s,str u ciures,
<br />�,- ;� � mobile homes atfixed on the Real Propefij,facilities,additions,replacemenls and other Construction vn the Reai t'roperly. ���
<br />� „ :� lndeptedness. l'he word"Indabtediess"means all principal and intere5t payable under tha h3vfe and any amounts expended or advanced by
<br /> Ler•der to Cischarge pbligations of 7ru�tar or expenses incurced by Trystee or Lender to enforce obli�adons of 7rustor under this peed of Trust, �°
<br /> 9ogether with interest on such amounts es provided in this Deed ol Trust. Speci�ically,�withAUt Iimitatian,this De�d otTrust securas,in addition ,.a:.'
<br /> fo tho amount,specified in the Noia,al?tuture amounts Lendar in its discretipe mny Ican to 7nastor;1o�ether with ait interest thereon;however, ��" '��.�.
<br /> in no ever�t shall such ful:�re advances ;excluding �nterest)excead in the aggregate SS0,000.00. ThC lier� ot this Deed ot 7rust ,!�r.',
<br /> shal9 not exceeci at any ona t'srne 550,000.00. ",<,
<br /> `^ � Lendcr. Tha word"Lende�'means Fivc�Points BAnk,!ts successors and assigns. �°
<br /> ` Note. The wprd"Natc"meariS thC kute dated[7CC�rr�hCr 3,1995.�11 �k1C pf117C11a8I �CT10UIlt Oi$3�,785.Q1 trpm 7rustor to�ender,
<br /> ; '� togalher wilh all renawals, extensions, modifications,reflnandnfls,and suhstitutlorts for the Note. 7ho msturiP�date of lhis Deed Of Trust Is :
<br /> �? � Decomber 9,2d03. ��
<br /> � P�rsonnl �rflperty. "Ch9 wo�ds "Per�nnal Propvrty' maan all equlpment, fis�ures, and ath9r articles of persanal property npw �r hereatter
<br /> ownod by Trustor, and nqw or hpr�after attsched cr n�xad tn tha Real Proper".y; together with alt accessions, parts, and additlans to, all ti
<br /> � � re�placernents of, and ali substit!itions lor, any ot such property; and together with all proceeds (inCluding withaut limitatlon flll InsuranC9 - "�'
<br /> praceeds and refunds ot premlums)trom any sale or othor dispositfcn ot the Property. �
<br /> j ; Prpperty. Thie word"Propdrty'mpans coltective�y the Raal Property and1he Personal Property. +
<br /> � } Rcal Property. ThA words"Roai Prnpert�f'mea•t the prppArty,inlerests and rlqhts descrlbed above ln the"Gonveyance end Grant"sectlon.
<br />« Relr�fed ❑oCUmr�its. Tha wnrds "}toiafod Dncuments" mean �nd Include wlthout I(mitstlon all promissory notes, credit agreemenls, loan '��'
<br /> � "' ' nQroemnnts,onvironmpntAi ngro�mants,gut�ranties,security agreements,mortgages,deeds of truat,and all othar Instrumenls,egraements and 1
<br /> � docwn�nts,whalher now ar heroaftor ezlsting,executed in connaction with the Indabtedness. �'
<br />�� ' � Rents. Tha word"Ronts"means all present and ful,ure reMS,revenues,incumo,Issues,rpyaNies,proflts,and othar henefits derived hom fhe �A
<br /> ' ; � Proparty.
<br />� ' � Trustee. Th�ward"Trustea"meAns Fivo Points Bsnk and any substituf�o�successor trustses. '.
<br />�� ,� �
<br /> ;, � 7rustoG Thp word"Trustor"means any and all person>anq entitie�executing this Deed ot Trust,including wHhout limflatlon all 7rustors namad ��
<br /> '• abova. �
<br /> �
<br /> '� � TWIS OEED OF tRUST, IAICLUDIN�G 7HE ASSIGNMENT DF F�ENTS`AND THE SECURITY INTERES7 IN THE REMTB Ai�b pERSONl+L �
<br /> !,�� ? PROPERTY,IS GIVEH 70 SECUR� (1)PAYNiENT OF THE INDEBTEDNES�ANC) (7)PERFdRMANCE OF ANY AND AL.L OBLIGATIONS OF .x
<br /> ,�,' TRUSTpR UNDER THE NpTE,THE RELATED DOCIJMENT$,ANp TMIS D�ED OF TRU5T. TNIS DEED OF TRUST IS GIVEN AND ACCEPTED '
<br /> i QN THE FOLLOWING 7ERMS: �Y
<br /> � `;
<br /> r;' PAYM�NT AND PERFORMANCE. cxcept as olhorvfise provided in this deed of Trust,Trustor shall pay to Lender all amounts secured by thls Oeed
<br />�zf:;"�'; of Trust as they bACOme due,and shall,trfctly end in a timely mAnn�r pertorm ali of Trustors obllgations under the Notg,thi5 Deed of Trust,and the
<br /> � � Roiated bocumr�nts.
<br /> � PpSS�SSION AND MAINTEhANCE OP THE PROPER7Y. tnasto�agrses that Trustar's pvssesslon and use oP ihe f'rop@rty shell be poverned by
<br /> }'-"" ' Iho(ollowing provlsions:
<br /> � POSSesalon and Use. Until 1he occurr�ncn of an�vent nf Default,Truslor may (a)remaln Irt possesslun and cantrol of the Froperty, (b)use,
<br /> r''w�`'"y operate or manage tha Proparfy,and (c)Co'iect ary penls from the Properry.
<br /> ;;�;:+„� �
<br /> a� Duty to Malntaln. Trustor shell malntaln�he Praperty In lenanlable candltlan and promptly perfprm all repalrs,roplacements,.nd malntenqnce �
<br /> �y�,`� necessary ta preserva its vulue. {
<br />� �` Haserdous Subatancea. The terms"haxardous waste,""haxardous substance,""d13±�oeai,""raleese,"and"ihreatenrd relapse;aa used In this 1
<br />' �' ; Psed ot Trust,3hnll have tha same me+anings as sat forth In the Camprehenslve Environmenlal Responsa,Compansaflon,and Llabltlty Act of
<br /> ' 1980, as emended,42 LI.S.C. Secllpn �601,et saq. ("C�RCLA"), the Superfund Amendments and Reauthorizaflon Act of 1988, Puh.L.No.
<br /> � ` 99—a99("SAFiA"),the Haxardous Maturlals TrsnspartaUon Act,49 U.S.C.SecFlon 18p1,et seq.,the Resource Conservatlon and Recowry Act,
<br /> � ��; 42 U.S.C.Sectlr,r,6901,et seq.,or other appllcable state nr Federal lawa,rules,or requlations adopted pursuant to any of ths forepolnq. Tho
<br /> tarns"haxardous waste"and"hazardous subslence"shall also include;wlthout limitatlon,petroleum and petrolaum by-�produCts ar�ny hacBon
<br /> ���; Ihereot and a5boslos. Trustor represents and warrents ta Lender Ihat: (e)Durinp the perlod at'Trua9qr's ownershlp of ihe Property,fhera has '"�
<br /> W:; been no usa,generation,menufecture,storage,treatment,dlspossl,releaaa or threatened release Gf any hazerdous wasta ar substance by any
<br /> � person on,under,about or trom the Proper4y; (b)Trustor has n�knnwlgdge oi,ar raason to believe thet there has been,except aS p�svinusly r-''
<br /> "��' disclosad ta and ecknowledged by Lender In writir�
<br /> � � , g, (I)any usa,gensretlon,manufacturA,stara�e,treatment,dlsposal,release,ar thrgatened �t '
<br /> �;; rr3lease of any haxardous wasts or substanc9 on,under;ahout or irom the Property by any prlor owners or occupant5 Of th9 Property or (II)flny ;
<br /> � actust ar threatened Iitigatlon ar ctalms af any kind by�ny person relaunq to such matters; end (c)Faccept ss prevlously dlsClosed tp and ,..;
<br />��'�� ��"� acknowledged 6y Lender in wrlling, (i) neither Trustor nor any tenant,contractor,egent or othu�uthqrized uaer qf fhe Property shell use,
<br /> � �;i genarate,manutacture,store,treat,dfspose af,or releuse any hazardvu�wasta or substance nn,under,�bout or from the Property end (II)any �
<br /> ,, � such sctivity shall be canductod in compllance wNh al1 appiiceble federai,state,and locnl laws,repuladons end ordlnences,Includ�np withaut
<br /> Iimitntlon thpsg iaws, regulatfons,end nrdinances descrlbed bbove. Trustor authorizes Lender and Its aqents tp enter upon the Propsrry to =� ,
<br /> �'% make such Inspectlons an�tests,et Trustor's e�tpensa.as Lendar'may deem.approprlele to de�ermina CampllenCe of(ha PropaRV with thls
<br /> r� soctlon of tho Docad of Trust. Any In;poCflenS or losts made by Lender shall b�fer Lender's purpasea only and ahall not ba Construed to Craaie .
<br /> �l± any rosponsl611ity nr Ilabitlty on the'pQrt nt lender to Trustor qr to any otM�r peraon. 7he represenfatlon�and warc�nfles contalned harsln ere 1`,
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