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<br /> '' � 12-Q3-1998 �3��1�'�F '�"�dl.D�°'x 7�" 1.�2+39� ?age 5 �k�•�'Y
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<br /> ' ` � Loan Na 7f.22fi4 (�orrtlnt��d). 1�1��„�y
<br /> � ��-,.�e�x .'.w,.anr '�w..�me�..r=a�...�:. . �s �^�yC¢ ;,
<br /> � FUR7HER ASSURAMC�S; AITORPI�Y-IW-FACT. The toltowing: ^va:ons relatinq fn furfher 855ursncea and aMorney�-drrfact arB a p0r1 of this �J;°��:
<br /> ' � Daed of TruSL • � ,: '���`� �
<br /> '' Further Assurpnces. At eny tlme,and from tlme ta Bme,updn rarque�st of Lanc4�r;TrusSbr wlil make,exucute and delivsr,or witt cpuse to be ����f'
<br /> -„�.; l made, exacutad or delivered, to Lender pr ib lander's d�5lgnee, And When �equasted by Lender,cause to be flled, recorded, rnfi�e�l. a �k:
<br /> � � rerecordad,as the case may be,et such times and in s�a,r.h,aff�p�epd�SYac9S��4��anclpr m�y d9em appropriate,eny and atl suCh r� ��, *� �,�
<br /> ��e � d�eds cf truet,socurity deeds,securiry a�rcements,flnancing stat�qmenb,c�nt{r,USation st,atementx,insttumon4s of Nrther asaurence,c. .•ns. � ,,„
<br /> , ,� , i and ott�ar dacumenls as may,in the sale opinion of I,ender;be neca5sary qv deakahie In order to eHectuate,comple►e,perfect,co, .'�ue,or • �t�`
<br /> : i preserva (a)tha obiigations of Trustor under the Nots,fhis Dr�ed of 7rus1;end the Relatad boCUments,s�n� (b)the Ilan9 and securlty InterosLs . �r
<br /> � � created by this D�ed o(Trust:.s first and prior liens on the f'r�prarty,whelher�ow nwnen or'hbradtter�cqutred by Trustor. llniess prohibited by
<br /> law or agreed to the contrary by Lender in writing,TrusXor shell reimbu,e Le�+�nr fbr aIl costa and expanses fncurced in connectlon wfth the
<br /> meHers raterrad to in this paregraph.
<br /> k' � At9orney-In-Fect. If Trustor fails ta do�ny of the fhings rafe�retl t0 in the preceding Garagraph,Lender mey do so for end In the name of ,� '
<br /> � Trustor and at Trustor°s expsnso. For such�aurpoSes,Trustor haraby Ir(9vocably flppoints�.enq9/,as TrUStor's�ttorn9y-In-fact fOr the purpOSe �;:
<br /> cf making,ezecuting, delivarfng, filing,racording;and doinp all �ther things as mey b�a n�ssary or desirsble,.tn l.ender's scNe opinion,lo a�;
<br /> +� accompiish th3 rnatters rAferrad io In the procsding paragraph. ^ � � ,
<br /> �; a FULL P�RFORMANCE. IF Trustor pgyS all the Ind2btgdness,Inr,ludinQ without Iimitatinn alI!�.i��.An+adynnces,wh�n dus,end otheiwise performs fltt
<br /> �• the obligatior� 'mposed upon Trustor under fhis C7eed of T�_�=t,Lender Shsli eacer.ute nnd dallver to Trustea a reqUeSt!or(ull recpnve}renee and shall ,r �`•
<br /> � � � execute and c:.�liver to Trus+or suitable siatements of terminrati m af any finatscing statsme�t on flle evidnnc(ng Lander's securiry Inte,rest in the Rents
<br /> � F; '; and ihe Pers-�al Property. Any recon•deyance fae r�quired t�y law shall be pald by 7rustnr,iT permitfed by applicable law.
<br /> a, � DEFAUL.i. Ear.ii of tY e�oll�wing,at tho optivn o!Lender,shail c�nstit�!e an 6vent aY da�au!4("Evant oT DsfgulP)undar thi5�eed of 7ru5t: j
<br /> � ;� PeTaW[on lnder,Iedness. Failure of Trustor to make sny payment when dua on tha Indebtedness. e,:'
<br /> �eft+ult on Ultter payments. Feilure n�'Trustor within the tima required by this C�eAd of Trust to maks any payment for taxt,s or insurance,or �'i ,��
<br /> �' any othar pqyment necassary�o prevent filing ot or tp r�ftecC discharga ot any Iien. � �'� 1#
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<br /> � � ` Compliance Detault. Faiiura ot 7rustor co comply witn any olher term,oblige4i�n,�pvanr�nV nr ca�dition contalned in this Deed af Trust,tha �`�V �'
<br /> ' Nota nr in eny of tha Rela!�d qocuments. �"��'s,"�"�,r '
<br /> � �� Fal�e Statements• Any warranty,rapreson�aticn or stalam�nt mada or turni5hea tu L�nd9r by or on�ahalf of Trustor Under(his Deed af Trust, ���� �!
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<br /> f thp Npt6 or ihe RolAted DoCUments is falscj pr miSieading In 9ny m&teriai f�SpeC4,ei4ner now or at the time made or furnished. h � R ,
<br /> �! a �'� $;1
<br /> } p�1�Ctive CO�latarnlizatlon. Th�,fJ90d R���1151 OY ptty A�fh0 F18Iqt8C��70C1Jt11A111S C+BdSQ�10 bB Ifl h�ll fnrce and eHect(Inciudinfl faliure at any a ,,��,� .��
<br /> ° r f � coll�terrtl�acumenls to croate a vA�id and perfected securHy interesi crr lian)at flny tima and for any reason.
<br /> �"�s. � Ueaih or In;.�rlvency. The de�th nf'1"ruslor,the in�ufvuncy,of 7rustpr, the appair��man1 of u r�colver for any parf of Truator's property.any • �
<br /> ? g nssi{�nmqnt for tM�e benefit of cre�iitors, any typa of crnditor wo(4cou4, or tna Com'n�encemenf at eny proceeding under any bankruptcy or � A.
<br /> `f, � In;plvaricy Isws by or against Trur�tpr. '� ' '
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<br /> � Foreclosure,Forfelture,etc. Gommoncemant of}oreclosure or forfnitwre prd:eedinqs,whether 6y Judiciai proceeding,selhh�lp,repossesslon
<br /> i'� or any other method,by any creditor nt 7rustbr or by any gov�rnmental agenCy a�7alnst pny af tha Property. Mowever,this subsectlon shs11 not
<br /> �'9 apply in the evenl of� good fni!h dispute F�y Trusipr as io the vaiidity or reasonableness of th�clelm which is tho Casis of the foreclosure w
<br /> � �'�� iorotoiture procoeding,provided that Trustor gives Lender wriften notice of such claim and f��rnishes reservas or a surer./band for the clalm ;�
<br /> ' �� Selis(actory lv Lender. � `
<br /> �f
<br /> '�� BreACh bf Qther Agreement. Any breach by 7rustar undar the tarm5,nf any nther apreemdnt botWeen Trustor and(�ender that Is not remad�ed °"r
<br /> � �uithin Any grace period proviclod flinr�3in,inciudir,g withput'imit�Slon any agroemen;conaemin9 any indcabtedne44 0�othnr obliflaHon of Trusta' �
<br /> ." r`� 10 Londar,whether existin now or i�tar. �
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<br /> `tl� Events Aftecting Guarantor, Any of the preceding avent,occurs with raspoct Ro any Guarantor of any of tha Inde6ledness or any Guarantor
<br /> �'� dies or baCOmr�s incompatent,or rev;kos or dispulos tho vplhdity q!,cr 1!ability urdc,*,sny Gueranty of thp Indebtadness. l.ander,at its opdon, ° ;
<br /> �;� may, but ;hall not be raquired to, permii the Guaranto�s esGat� Yo assuma uncnrgditionally the obligaflons arlsing und3r the puaranty in a y �3,�,
<br /> mnnn�r satisfnctory to Lendor,ond,In doing sq,cure rtiu�:vent ot Defauit. � '
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<br /> '"+f Insecurity. Londar in good taith daems itself Insacurq.
<br /> i'�' Filght to Cure. If suCh a tniluro is curablo and if Trustor has nat been giuen e notic0 qf a breach ol the Same provlslon of thls Dead ot Trust �
<br /> ' ' wilhin ,ha proceding tweWe(12) months, it may he curFd (and no Event of Delault wUl ha•re occurced)i}Trustor,after Lender sends wrfttan
<br /> p'� notice demunding cure of such failure: (a)cur�s thp failure withln ten(t0)days;or (b)if the cure requlre9 more than ten(10)d9y9,Immediatoty a ,;
<br /> initiatos stops suMiciont to cure the failure and thereaiter cnntinuas arld completes all rea4anflble and n9Cd8sary steps sufNClent 10 produce T:
<br /> camplianco as soon as repsonebly practir,al. ,�
<br /> RIGW7S AND REM�DIES ON p�FAULT. Upnn lha occurrEmce af nny�vent of Detault and al any time lhereaHer,Truslee or Lender,et Its opGpn,
<br /> w -�• may exercise any ona or more ot the follqwing righis and rempdies,In add�qan to any other riqhts ar remedies provided by law; ,
<br /> ,�f,'.` Acceleratlon upon Defaulh AQdltlanal Remedles. If any�vent o}default occurs a�per the'terms of the Npte secured hereby,Lander may
<br /> , declsre all Indsbtedness secured bY this Deed of Trust tp be dud and payable end tha aame shatl thereupon beCOme due end psyable without
<br /> ' �?'; any pre5entmenl,demand,pratsst or notice af eny ktnd, 'ThereaHer,Lander mey:
<br /> s.,,,•
<br /> k , (Aj Eilhor In persan or by egent,wlth or withcut brinCir�p any'nction or prxe6tlinp,or by a recelver eppointed by a court and without �,.,
<br /> �`;', reqard to tho ad9quacy of Its security,enler upon Nnd tgka pnss0sslon of fhe Proqc+rty.or any pdrl thgreof,in ils pwn namb or In►ho nOmP
<br /> r;� of 7rustee,and do ony acts which it deems necessnry or desi�able to proserva the vnlue,mnrketabllity or rentabillty of ths Proporty,pr pert :
<br /> of tho Property or Intarpst In th0 Proparty;Increase tha Income frdm tha Property or protect tha Security of the Property;end,wlth a wfthout ;�'
<br /> .,""., ��king possession of 1he Praparty,su5 far or pthvrwlse collect the ren4s,Issuas end pro9ts of the Propxrty,Includlnq those past due and �.�
<br /> unpaid,and appiy the same,less casts snd axpenses nt operatlpn and co;lection,Including aftorneys'feas,to any Inde6tedness secured �•
<br /> by this Dead of Trusl,all in such order as Lender mey delermine. The entarinp upon and feklnq ppssassiqn af(he Prope�ty,the collacdon �;.,;,
<br /> of such rents,issues snd profits,and tha epplicatfon thereaf shall not cure 4r walve eny default or notlCe of dafault undarfhls peed of Trust ',
<br /> �' or InvAlidate any act done In respahse to such defaulf pr pursll�ht to.sluch notice ot delault; end, notwllhstandinp ths continuance in i,,,-
<br /> �„,, possasslon of lhe Property ar the collecUon,.racaipt and epplicatlo�i of rentg, issues br,prants,Truslee ar Lendar shall be antided lo �;:
<br /> oxerclse evary rlght prpvided for ln the Note or Iha�+alqtod DocUments or by law upon the xcurrence of any avent of defeult,Includlnp the �y� `
<br /> ri�hl ta e�xnrcise Ihe powor of�al�; e�'� ` �'"
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