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<br /> �� , '�.::�� ' �2-n—�ssa DEED OF TRUST 98""1��� ,P.�:� ' !
<br /> �� Loen No 782460 (CoMinued) � �
<br /> � �
<br /> r DeM1lcl�ry. TM wad'fl�n�AdRry' meara Five Pdnb Bank,Ib euavasan and aulpne. Fhro Pdnb 9�nk Rlso I�rebrred to es'L�nd�r"In �
<br /> . , lhls asG ol Trwt.
<br /> fleed of Tru�t. The wade^Oeed of TrusC mean Ihls Deed of Trust amonp Tnislor,Lender,and Trustee,snd Includes wlthout Ilmlletlon all
<br /> .. J�� � tssipnment�nd security Interesl provislons relaAnp lo the Personal Property and Rents,
<br />- r Dclsllna Inde6lednesa. The words "Existing Indebtsdness"mean the Indebtedness described below In the Exlsling Indebtedness sectlan of —
<br /> �,, Ihls De�d of TrusL
<br /> w Ouertntor. The word'Ouarsnlor" means and Irxludes wllhout Iimitatlon any and all guarentors, suretles, and accommodatlon periles in
<br /> ..w�:.� connectlnn with Ihe Indebtedness. ' _.
<br /> �,��. Improvements. 7he wad"Improvements'means a�d Includes without Amitatlon aN udstlrq and future ImprovomanU,buil�gs,structures, _.
<br /> - mobib homes aMxed on the Red Property,tecllitles,addfllona,replacements and other cons4ucllon on ths Real Property.�
<br />_:�„ �, IndebtWM�+t. The word"Indebtednau"means ell pdncipal and interest payable under the Nota and any amounts expended or advsnced by '
<br /> „r;�. Lender to dlscharpe oblipatlons of Truslor or expenses incurted 6y Trustoe or Lender to enforce obllgetions of Trustor under this Deed of Trust, •-
<br /> . lopather with Intxest on auch amounts as proNded In INs Deed of Trust. Specihcally,without Iimitatlon,this Deed o(Trust secures,in addition
<br /> � lo the amounts specified In the Note, e�futurn amounts Lender In its d(scretlon may loan to Trustor,to�ether with all Interest thereon;however _
<br /> in no evenl shall such tuturo advanaes(excludin interest)exceed in the appregete 5100,000.00. The Iten of thta Deed oi Truaf
<br />. ' � {hsll nOt eXCEEd at Any unE tlme;l0(�,000,00.
<br /> Lender. The word'Lende�'means Five Points Bank,itlsucCessors and assipns.
<br />_ ,� Note, 7he word"Note"maeni the P�lote d�ted Docemtier s2,to�e,in the princlpal emount of�q9,S16.52 trom 7rustor to�ender,
<br /> topether wilh all renewab,extenslons,modlfication�, roMancinpe,and�ubslitutlons for the Nofe, The matuHty date of thls Deed of jrust is
<br /> Decomber 27,2003.
<br /> Penond PropHty. 7he words"Pe�sonal Property' mea�all equlpment, 8xtures,and other art�les of personal property now a hereatter
<br />; � , � owned by Trustw,and now a hereafler alfeched or�Hixed to tha Hed Prope�iy;topether with eli eccesslons,parts,and addifions to,all
<br /> replacements of,and ad subsGluUons lor,eny of such property;and topether with all proceeds (Including wilhout Ilmitation ell insurance _
<br />_ proceeds end retunds ol pramiums)irom any sale a o1Mr dlsposltion of the Properiy. °
<br /> ' Proplrty.The word"Property'means collectivoty the R�I Property and the Personal Properly.
<br /> t � R�el Prop�rty. Tha wads"Re�l Prope�ty'mean tM properfy,Interesb�nd dqMs described ebove in the"Conveyance and Grant"sectlon, _
<br />=� ,. ,•:�1� RsI�IKI DOCUrtNnts. The wads"Related Documenb" mesn and Include wlthout Ilmltatlon all promissory notes, credit apreements,loan
<br />�"'' � epreemenls,enNronmental agreements,puerentles,security apreements,mortpayes,deeds af trust,and all other instruments,agreements and
<br />_ --"� dxuments,whelher now or hereatter e�dsting,executodin connectlon with the Indebtedness. _
<br />�„'� ' � RenU. The word'Aente"means all preseN and tuture rents,revenues,Income,Issues,royaltles,profits,and other beneflts derived from lhe
<br /> . Property. .
<br /> �'�
<br /> ;�� irwiee. irw wad"Trustua"mnens rivn Fanis Snnic niw any yuu�iiiutn ui Sui:Gea50��listses.
<br />�n,s� , • Trustor. The wad"Trusb�'meens any and ell penons end entitles exeeuting this Deed of Trust,includin9 withoul Ilmitetion all Trustors nemed
<br /> ebove.
<br />�r�'s`-"'�',"'�� THIS DEED OF TRUST, INCLUOING TFIE AS$IGNMENT OF RENTS ANO THE SECURITY INTEFiEST IN THE FiENT3 AND PERSONAL
<br />�''-.�'+�,;•:;. • PROPERTY, 18 GIVEN TO SECURE (1) PAYMENT OF TfE INDEHTEDNE33 AND (2)PERFORMANCE OF ANY AND ALL OBLIGATIONS OF
<br /> ;,;;;;,�:'�:',,"' TRU9TOR UNDER THE NOTE,TFIE RELATED DOCUMENTS, AND THIS DEED OF TRUST. THIS DEED OF TRIIST t3 GIVEN ANO ACCEPTED
<br />-;_'�'��;T.7�` ON T}�FOLLOWINQ TERMB:
<br />� �., . . , .
<br />}�����-��'.� PAYMENT AIiD PERFORMANCE. Except u otherwise prodded In thls Dead o}Trust,Trustor shdl pay to Lender all amounts secured by thls pead
<br />�` �;�`�' ` of Trust as tFNy bsCOrrh dw,and sMN atrktly and In a Umery manner p�riwm all of Trustor's obliy�dons undw the Nata,thls Da�d of Trust,and the
<br />-+��`�'•"'..;zi"� FlNaMd Oocurt»nla.
<br /> �-::::.;,•-
<br /> •�•:� POSSESSION AND MAINTENAMCE OF TFIE PHOPERTY. Trustor eprees Ihat Trustors possesslon and use ol the Properiy shall be poverned by
<br /> '�.����'.t_�_�, .. thofatowlnp proNsions:
<br />�i��,�,.`_, ,
<br />�°�_,��: POSYaMon and UM. UnGI th1 occurrinc�ol an Evsnt of DNault,Trustor may (�)remein In posssssion and control o}the Property, (b)us�,
<br /> '='�=s�• op�nt�or man�p�the Propsrty,�nd (c)cdNct any R�nls hom tl»Property.
<br /> •S:A.':ii:`^!�
<br /> '° Dury lo MMntMn, Trusta shah malnteln the Property In ton�nt�ble conditlon end prnmpHy p�rform ell repairs,rsplacemenls,an�mdntsnenc�
<br /> --�-:� n�c;psary to preserve Its v�iva.
<br />=r�.�-i�
<br /> Fiwrdoua Subq�nce�. Tha twms"huardous w�ste'"hazerdous substance;"disposal,""release,"and"fhreelened rebase;as used In this
<br />?��?���'� D�sd of Trust,shaq have tfw s�me me�nlnps as sot falh In the Comprehanslve EnNronmental Responso,Compensation,and Llebllity Act ol
<br />-,;r^ � 1880,as�msndW,42 U,S.C.SecGon A601,et ssq. ('CERCLA'�,lhe Supsrfund Amsndmenls and Reauthori�atlon Act of 1988, Pub.L,No.
<br />�� '��. • A9-49A("SARA'�,tM Hwrdo�p M�tarUls Tr�nspwtatlon Act,49 U.S.C.S�ctlon 1801,at seq.,the Resourq Conserva8on and Recowry Act, _
<br />- �-�%�:•�: 42 U.S.C.Ssctlun 6901,et seq.,or otMr appNcabN sUM or Fsderel kws,rules,ar repul�dons adoptsd pursuanl to any of lhe forspdnq. Tha
<br />-_;�_�;��, terms'hmrdous was3e'�nd"Mxardous subst�rta'alrN wlso indude,wlthoW Iimit�tlon,peholaum�nd pehoNum by-products or eny h�cllon
<br />_,5r_` 1: , thenof and asbestos. Trusttx nprssents and wamnb to Under that: (s)Durirp tM perlod of Trustor's ownenNp of the Property,thsre has _.
<br /> _,,�, b�en no us�,peneraHon,manuhcture,ston.p�,he�tment, dfsposal,releass or thrsetensd releasa of any hazardous waste or substar�ce by any
<br />_ ,;�,�yr�;,,�;"'„ person on,under,ebout a hom the Property; (b)Trusta hes no knowkdpe of,a re�son to l�eli�vs that there has been,except as previously
<br />��"'- �;'�~ � disclosud to snd acknowbdped by Lender In wriHrq, p)a�y use,peneratlon,manufectura,storaye,treatment,disposel,release,or threatoned -
<br />-�;„:�'':��;. rNeese of any htzardous waste a substance on,under,ibout or from fhs Property by any pdor owners or occup�nts of lhe Property or (iq nn
<br /> - ,;•,� �ctual or thrsntened titlpolon a clalme of�ny kind by�ny person relaHnp to such matters;and (c)Except as prevlously disclosecf to and _
<br />- ' � � ecknowledped by Lender In wrlMrp, p)neflher Trusta nor eny tenanl,contractor,epent or other authorized user ot tM Property shell use, _
<br />-_ ., peneate,mnnutncture,slae,truet,dispose of,o►releas�any hazardaus waste or substance on,under,about or hom the Property�nd pq any _
<br />_ � such nctivity shell be conducted In compUanCe with all�ppl�eble lederel,state,end Iqcal Iaws,repulations�nd adinances,Includinp without =
<br /> 'Imitelion Ihose kws, repulations,and adinances desaibed above. Trustor authorizes Lender end Its apents to enter upon the Propsrty to _
<br /> , # make such InspecBons end tesb, et Tru3ta's expense,as Lender may deem epproprtate to determine compliance of Ihe Property wllh thls -
<br /> ssctlon ot the Deed of Trust. Any inspectlons or tests mede by Lender shall be tor LendePs purposes only and shall not be construed to create
<br /> , ` } nrry responslbllity or IlablBty on Ihe pad of Lender to Tru�tor or to eny other pexson. The representatlons and werrantles contalned herein are
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