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<br />:, Y�'� Icnst cqual in valuc w thc rcplaccd p�rs�,nt�l pn�rcrty.frcc (r��m :iny titic rcicntiun dcvicc, sccurity u�;rccntcnt or
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<br />.':,�;,�`„ . . uthcr cnciunhrnncc. Suci► rcplaccmcnt u(��crsonnl pruperty �vill hc dccmcd suhjcct to thc security intcrrst crcntcd
<br /> by�hiti Dccd af"I'ruyt.(iri�ntur shull ncit pru•tftinn ur�uh�ividc thc I'ru��crty withoul I.cn�lcr'y priur writtcn c�►nscnt.
<br /> ,.'-�*;` , � l.cn�cr nr I.cnJcr's agcnts nuiy, .0 Lcndci's uptiun, cntcr thc Pruperty nt iiny rcntiunahlc timc fur�hc pur�+u,c uf'
<br /> "��.;,�;� inspcctin�;thc Property.Any inspcctiun uf thc Property�h;ill hc cntirrly fur l.cn�lar'x hairl'it un�l(irunt��r will in n��
<br /> -• • wiiy rcly un l.cndcr's inspccuan.
<br /> --_--= 13. AUTt10R1'PY'1'O Pt:ItFORM. II cirmtc�r tails tu �,cif��rm uny uf(ir:�ntur'�a������ ���,a�r ci�;� 1)rcil i,f'I'ru•t, csr �-
<br /> -.,.�� .�ny uthcr mortg�►gc, dccd of trutit.licn or cnhcr srcurity intcrost thut h.iti priority uvcr this I)ccd uf'1'rust. l.cndcr
<br /> muy,without nuticc.perfurm thc dutirs ur causc thcm tu hc perl'ormed.(irantor t►ppoints I.cndcr as uUurncy in fuct
<br /> , � ;, , to sign Grantc�r's namc c�r �try uny ��m��unt ncccssary f'c�r performancc. If ��ny cuntitructiim �m thc 1'ruperty iti
<br /> -� ° disccmtinucd or not carricd on in ��rc�►sonaf�lc manncr. Lcndcr may dci whatcvcr is ncccssary to prc�tcct 1_cndcr's
<br />� ,H���;�.`�'-:�• sccuriry intcrest in thc Property.'This may includc complcting thc construction.
<br />"`"'�«:ti:..• 1_cndcr's right to perCurm for Gruntur sl�ull nut crcutc an obligation w perfunn.xnd Lcnd�r's la�ilurc to perfc�rm will
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<br /> �,��,? . not preclude Lcnder from excrcising any of Lender's other rights under the law or this Deed of'�rust.Any t�mounts
<br /> ���•�""°�: paid by Lcndcr for insuring,prescrving or othcrwise protecting thc Praperty and l.cndcr's security intcrest will hc
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<br />'•���j� due on demand and �vill hear interest [rom the date of the payment until paid in fuU :+t thc intcrest ratc in c ect
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<br /> ',n:,;�r ,,: from timc to timc accarding to thc tcrms of thc Evidcncc of Debt,
<br />,_•~=;,�;;��� 14. ASSIGNMENT OF LEASES AND RENTS.Grantor irrcvocably grants,convcys and sells us additiunal sccurity all
<br /> ;�:�Q�;b.,_ thc right,titic and intcrest in and ta any�nd�II: __
<br />==,F'�� A. Existing or future Icascs,sublcascs, liccnscs, guarantics and any o[hcr writtcn or vcrb�l �grcements for thc
<br />-N�t,���: usc and occupancy of any portion of thc Property,including any cxtensions, rcncwals, modificatians or
<br />, `„t,�, substitutions of such agrecmcnts(aU rcfcrrcd to as"Lcascs").
<br /> .�„i;,� B. Rcnts,issucs and profits(all rcfcrrcd to as"Rents•"),including but not limitcd to sccurity dcp�sits,minimum
<br /> '�^' r rent,percentagc rent, additiunal rent,common area maintcnancc ch�rges,parking charges,rcal estatc taxcs,
<br /> �-�=` -� other applicable taxes,insurance premium contributions,liquidated dama�es following default,canccllation
<br /><�<r;�-,µ,� prcmiums, '•loss of rents" insurancc,rcvcnucs,royaltics,procccds,bonuscs,and all rights and claims which
<br />-.��u-�..� GrAntor may have that in any wey pertains tc�ur is on account of the use or occupancy of the whole or any
<br /> -;,� part of thc Property.
<br /> -��— Grantor will promptly providc Lcndcr with truc and corrcct copics of all cxisting and futurc Lcascs. Grantor may
<br />-�-��� collcct,rcccivc,cnjoy and usc thc Rcrits so long as Grantor is not in dcfault.Grantor�vill not coUcct in advancc any
<br /> - _���� Rer.ts duu iu fuiur� i�a,::p:.r:ods,unless Grant<�r fir����htains I.endcr's writtcn consent.Upon defAUlt,Grantor will
<br /> - --_,.,:,�, rcccivc any Rents in trust tor L.�:ndcr and Grantor will not commingle thc Rcnts w•ith any othcr funds.Any amounts
<br /> -_----==� collected shall be applied�t Lender's discretion to payments on the Secured Debt as therein provided,to costs of
<br /> ;�.�� mannging the Property, including, but not limitcd to, all taxes, assessmcnts, insurance premiums, repuirs, and
<br /> _��-��� commissions �n re•ntal agents, and tu any othcr neccssary relutcd cxpcnscs includinb Lendcr's attorneys' fccs,
<br />-�_� paralcgul fces and court costs.
<br /> v!+-�� Grantor acknowledgcs that this assignmcnt is perfectcd upon the recarding of this Decd ot Trust and that Leuder is
<br /> --��„=� cntided tc�notify 1ny of Grantor's tennnts to makc payment of rcnts duc or to bccome due to L.endcr. However,
<br /> -.,.Fit��.���] Lendcr agrecs that only on default will Lcndcr notify Grantor and Grantor's ter.ants and makc dcmand that all
<br /> •—�� futurc Rcnts bc paid directly to Lcndcr. On rccciving thc noticc of dcfault, Grantor will cndorsc and dclivcr to
<br /> "="_'�� Lcndcr any paymcnts of Rent in Grantor's posscssion.
<br /> _- Grantor covenants that no detault exists under the Leuses or any applicablc landlord law.Grantor�►Iso covenants and
<br /> �;-;;,�� agrccs to maintain,Hnd to rcquirc thc tenants to comply with, thc Lcascs and any applicablc law. Grantor will
<br /> -�:I,:�� prompdy notify Lender of any noncompliance. If Grantor neglects or refuses to enforce compliancc with the terms of
<br /> —,,;.�, the Lct�scs, thcn Lcndcr mny, at Lcndcr's option,enforcc complianca Grantor will obtain Lcndcr's writtcn
<br /> ��,:.�;;t� authorir.ation before Grantor consents to sublet,modify.cancel,or othcnvise alter thc Leases,t�accept the sucrende;r
<br /> ''"'�� of thc Properry covcrcd hy such L,�:ascs (unlcss thc Lcascs so requirc),or to assign, compromisc or cncumbcr thc
<br />--�'�°"��=�' Lcases ui xny futurc Iicnts.Urantor�vill hold L.rndcr h�rmlcss and indcmnify Lcndcr for any and all liability,loss or
<br /> v'''^:�:?Y"�,'�� damu�;c that I.cndcr muy incur as a conscyucncc of thc assignmcnt under this scction.
<br /> �;�=�,:� 15.CONDOMINIUMS;PLANNED UNIT DEVCLOPA7ENTS.It d�e Property includcs a unit in a cot�dominium or a
<br />_,4_'" '��,: planncd unit devclopment.Grantor will perform all of Grantor's duties undcr thc covcnants,by-laws,or nbulations
<br />- - of thc condominiurr�or planned unit dcvclopmcnt.
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<br /> -'�'^•��-°�`•`•�`� 16.IAEFAULT.Grantor will bc in default if any of thc foUowing occur:
<br />- � A. Any parry obligatcd on thc Sccurcd Debt failx to makc paymcnt whcn duc:
<br /> ' ' B. A breach of any tcrm or coven�nt in this Decd of Trust, any prior mortga�e or any construction loan
<br /> - , agrocmrnt.sccurity ugrccmcnt�ir any c�thcr dorumcnt cvidcncing,guaranryin�;,sccuring or othcrwise rclating
<br /> '�' tu thC Sccured Dcht:
<br /> �: C. 'Chc makin�;or furnishinb of any vcrhal or wriucn rcpresentxtion,statcmcnt or w,uranry to[.�:nder thut is talsc
<br /> rt' ur incorrcct in any material respcct hy Grantor or any person or entiry ohligated on the Sccured Debt;
<br /> � l�. Thc drUh,diss��luti<�n..ippuintmcnt of a rcccivcr,insolvrncy,or upplicatiun of any dcbtor rclicf law to or of
<br /> � § ('irantor c�r any perxc�n c�r rntity<�blig�ncd on thc Sccurcd bcbt;
<br /> • � [i. A gc�od faitli bclicf hy I.cncicr .�t arry timc that Lcndcr is insrcurc with respcct to any prrson or entity
<br /> , uliligatcd on thc Sccurc�S Dcht ar that th�pros�cct ol'any paymcnt ix impaircd c�r thr E'rciperty is imp�iircd:
<br /> F. A matcri�+l aJvurtic rhangc in(�rantc�r'�husinrss including u�vncr�hip,m�in�igrmcnt,and fin��nri�il conditi��ns.
<br /> which Lrn�lcr in its upiniun hclievcs impairs lhc v,tluc ut'thc Vroprrty or mpaymcnt c+f thc Srcumd Dcl�t:or
<br /> — -- ,. . .. �._- --_........,�.. ..... ...•...� r.,r.. �,��rn�,��•th:u will cuntribulc tu cxressivc crusicm uf hi}:hly crodihlc Isind ur
<br /> .._ . _ _._- . ��- l l. r�uy �i�an Fn.,............... .....,.. '.•• " r-.� . _ .
<br /> ' . l�� thc conv�rsicm iif'�vcUancls to pruducc an�igricultural rommodity. �i� (urthcr cxpl:�incd in 7 C'.F.R. Pxrt
<br /> 1y�30.5uh�iarl C�.Iixhihit M.
<br />' 17. R1�:Mh;DICS ON DI�.HAU1:1'. In wmc inst;inrrs. Ird�ral an�1 titatc law���ill rc�{uirc Lcndcr tu providc Cirantur with
<br /> . n�riicc ��f tlic ri�;ht lu curc.mcdiatiun nulircy ur uthrr n��tires :�nd map c�t:ihlish timc schrdul�s for forecli�surc
<br /> attiuns. Suhjcrt to lh�'sc limituliuns,if any. I.cnticr ntay:tt'c�ler.�lr the Scrurrd 1)rhl cutd furcclus� this Dced uf
<br /> 'Trust in a m,inncr pruvidr�l hy I.iw if this tirantur is in cicfault.
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