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<br /> . ' municipal wrporation,county� atate or other governmental or quasi-governmer,.�...�i.l�y r�tevant ,
<br /> .��"' to the development,improvement ar use of all ar any portion of the Property;and(�all rights of
<br /> ��""''� Trustor in and to any escrow or withhold agreements, surety bonds, warranties� management -
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<br /> . 1 conaacts, leasing or sales agreements with any real estate agents or brokers, and service contracts
<br /> . ;; with any enaty,which are in any way relevant to the developrnent, improvement, leasing, sale or -
<br />. �� ,,� use of the Praperty or any personal property located there�n; and 1;:_�
<br /> � r;, all of said items wliether now or hereafter installed being hereby dcclared to be,for all purposes of �_;--
<br /> � this Deed of Trost, a part of the realry; and all the estate, interest or other claim or demand, -
<br /> . �, including ins�ranc�,in law as well as in equity,which Trustor now has or may hereafter acquire, _
<br /> � � ��. in and to the aforesaid property;the specific enumerations herein not excluding the general. The .:
<br /> � Properry and all of the foregoing shall consritute the "Trust Property". `
<br /> This Deed of Trust is made for the purpose of securing, in such order of priority as ,�
<br /> ^ Beneficiary may elect: (a) payment of the indebtedness in the sum of$30Q,000.0(1 evidenced by
<br /> that certain Deed of Trust Note of even date herewith made by Trustor, delivered to neneficiary
<br /> and payable to its order, with final payment due on the lst day of January, 2008� which is the =
<br /> mawrlty date of this Deed of Trust. and any ansi all modificadons,extensions or renewals thereof, �=
<br /> � whether hereafter evidenced by the Note or otherwise(the "Note");(b)payment of interest on said =-
<br /> � � indebtedness according to the terms of the Note; (c) payment of all other sums, with interest as _
<br /> herein provided, becoming due and payable under the provisions hereof to Trustee or Beneficiary;
<br />..� ' • , (d) perforniance of each and every condidon, obligation, covenant, promise and agreement of
<br /> � Trustor contained herein, or in the Note, or in any loan agreement relative to any indebtedness
<br />� � � evidenced by the Note,or in any security agreement or deed of trust at any tirne given to secure any
<br /> - indebtedness hereby secured or any part thercuf; and (e} payment of such addidonal svms with °
<br /> interest thereon as may be hereafter advanced by or borrowed from the Beneficiary, its successors
<br /> � �- or assigns,by the then record owner or owners of the Trust Property when evidenced by another
<br /> promissory note or notes which are by the terms thereof secured by this Deed of Trust. To the
<br /> extent permitted by law, any sums hereafter advanced by or borrowed from Beneficiary� its
<br /> , „' . successors or assign.s, shall have the same prioriry as the original sums advanced by Beneficiary and _
<br /> :" �. :��� secured hereby. _
<br />- � ' ��� 'I'rustor's Covenants and Warrant�es. Trustor hereby wanrants thar. (a) Trustor is the
<br /> ` owner ira fee simple absolute of the Property and every part thereof; (b)the Trust Property is free, _
<br />�"� � and will be kept free, from all liens and encumbrances� except those accepted by Beneficiary in �
<br />; � writing, ancl Tn.stor will defend the title hereby granted to and in favor of Trustee and Beneficiary =
<br /> � . as against all and every person clairn+ng or to claim the same; (c)the loan proceeds are not for use _
<br /> primarily for personal,family or household purposes; (d)to the best of Trustor's knowledge af�er
<br /> � due inquiry into previous ownership and use of the Trust Property, there are no Hazardous
<br />_ Substances(as defined below) located on the Trust Froperty and Trustor will not place or permit
<br />- to be placed on the Trust Property any Hazardous Substances (as defined below),except in minor
<br /> quandties as necessary for the operation and maintenance of the Trust Property, used and stored in
<br /> accordance with applicable law,or in the form of consumer products held for retail sale in sealed
<br /> Deed of Tcust.Auignment of Renu.SecuHry Ageement ud Pixmre Filing(N8-9/9'l)
<br /> PAGfl 3
<br /> P:\CIASINdWBENDIK�DOCS�1997\RAZOL!'S\97092314\DOT.W P6
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