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<br /> f y TO COMWIENOE OR��FEMD LEQAL ACTIOPl�. C3nn�a'�all�m��t�y�0�0 L�r wlth wdtten notiu of any ectual a �:�__
<br /> }� •� 11. LENDER'S RWHT u L�nd�r u ts anomey•in-fnct to commence,imarvene In,and �;.,
<br /> � ,y thnat�nxl eellon,suft�a oth�r praMdlnC Rtt�ctiny IM�'rop�►t��N�M„��a controvxayy�alninp theret n r aul�liog there(�o m No�ih�n9 �
<br /> detand wch actlons,nuNe,or oth�r 4�p�fxoo�NrKp. ��Inp to�th��ctlon�d�wrib�d In thl�penprepi a�Y�9° � "`:
<br /> - ""� (irenta(a eny action.!r►a�ml�t�JW.omi��lon a w�y safbw In tM�Pr�prrph In M�own n�rrr• =;
<br /> conisined herofn wIN prw�nt L�ncwr hom ukinp Ih��ction�d� ,-
<br /> � 12 IN�EA�lIIFICAl10N. L�nci�r�hel�na►aswm��►b�n�pon�10���P�O���of�n ot Qnntor�obligaliona with respect to ihe Property under ;�_
<br /> �it eny clrwrrrtaneef.Qrenlor�hdl Irtrrxd�at�ly provld�L�ndx����n0��n�y�'�N����d����dcauces of acalon,acUonar6sults end ,
<br />;t -. _;�(r ernp�oy�o�end sqmts hurti�ts hont all d�lrtr,sfv►rip� , y�t not Ilmlt�d lo,Ihos�UNOIVY�A H9Z9fl�0�6 M818f�8I6�. C3f8fllOf,upor}i -
<br /> . i other lege�proa�'�s(eu^�ul+tw�h'�Clalms')p�r1�M�inO�o th�P�°P�y(��� +►»�n,R„y��IN�, Ipal expensee and other casts Incurted i
<br /> '+ Ihe reque�t ot Under,thall hln I�psl ccunt�l to dobnd L�M�hom wch Cl�krr,�bW�Y �unMl la defmd such Ciaims at Grentors wst. Grentof
<br /> , connatlon th�rwrith. In ihe aft«naUva�L.ond�r s!`�aIlhW�urviw tM 1�rtri�tlon�rNww a la�do�un of thli Ds�d of Trust. r
<br /> � :.� obligetion to Ind�rtr�fY Und�►unckr thi�perapreph --
<br /> ovide Lender eviden
<br />- whsn duo end Irtrr�edlately pr �,:•
<br /> �;�C 13. TAXE8 AND ASSESSAAF.IVTB. Orantor�hall pe all tax�i u►d�sN��tr�nl�rNatlnp to Prop�rty _
<br /> t o} same, Upon th�nqu�it of Land�r��r��a�����Wnh�����h�e-ri+tlnh(t/12)of ihe estimated ennual Insurance �:-
<br /> pr�um.texes and ai�s�irnnt�Psrlalnln to 1F»Prap�rty. 30 10�9��tMr�I�no delwll,Ih�w�nis�hall a applled to thehpa�u ast��nd a io �'.
<br />_ ;� � � In th�w�nt of d�iwlt.L�nd�►�hall havs tM riflhL at It�sole o lon,to epply i�-
<br /> as�esur�em�nnd Insuranca a�nqulrsd on 1 PropMY•��y a����,��� ���In r�vxsa ador d the dua date thereof. -
<br /> � P�Y�Y texes a epaln�t th�Obliq�tbns. My lundi rpp� --
<br /> y. ap�n pec
<br /> t{• 1A. INSPEC710N OF PROPERTV��*00�sar,t��booki��nd rioorE�P��inir q�01h�Prop�rlY�t nr�to timat6 aranto shall provlda eny asii:te�na .
<br /> � and exartins,in�pect end rroks coP�" ine,true,accurete and
<br /> required by Lend�r for th��s purpoM�. NI of th�slpn�tum and In}ortrrtlan c°^t�d In Or�nta'a books�nd r�co►ds�n n� to�P roperty. Additlonally,
<br /> � cortpkte In ell re�cte. Qrantu�hall not�th��xTiana of L.mcMr�bH►eAdd I�f�n�t In R�book��nd�nc��P��1���ndilbn orthe PropsrtY. The
<br /> Oremor ehell rsport,In s tortn sati�feetory to UncMr,wdi Infc►►ristlon��L�rxM�rtry► I�r���such Mequsncy as L�nrlar may deslgnate. All
<br /> Intomiation ahall be for�uch p�rlod+��hdl nMct f3rontor'�ncords�t wdi tlm�,�nd C3rentor it Lendor requeste.
<br /> -� infamiation fumislxd hy�rantor to L�nd�r shdl bo trus.eau►at�end canpl�t�In dl nsp�ct�,euid�Iprwd by 3
<br />• H�� �� a���a����v�r�a�,�M�r,or any Intended transferee of Lendere
<br /> � 16. ESTOPPF.�L�C�RTIFICATEB. Wlthln ton(10�aac��d qatanint tp�dfylnp p)th�anttandnp belancA on the Oblipnttons:antl(b)whether �-
<br /> � rl¢�u wHh ro to the Obllyetions,a�Igrisd to thece mattere in
<br />- f3rentor po�sessot any dalrrr�d�f�nw�,s�t�oNs a counurdaf���Ilon t��Unda r�Yarrrk�lo thiiinpindod�tremt�ne w h re�i�pacl�fenses.set•oHs or
<br /> ' counisrcialrrx. Orentor wlll bs candutW�ly bound by any nPn
<br /> the want that Grenta felle to provid�the rec�i�itad�tal�rr�nt In a timely m�nn�r.
<br />- 10. DEFAULT.arantor�hell lx in cblault under ihb D�sd of Tru�t end tFw Tru�tN'�powN�hNl b�owrn°P�n�w�in th�evsnt that prantor,Borrowsr or
<br />-_^ , , eny puevnnta ol ihe Obligetlona:
<br />{. ' ' (a) feils to pey eny Obllpatlon to L�nder wMn dw;
<br />;,.•. . .N� (b) fefls to p�►torm e�y OhllOatlon or bnacM�any wartanty c►covsnant!o L�nd�r cmtaln�d I�iN� ONd of Trust or any oth�r preeent or tuture
<br />}. ' apreernsnt; In eny mat�rial n�p�a ur wbJ�ct�th�Prop�rty to wlzun,co�fiwat l o n,or c o n d n m a t b n;
<br /> _ (c) d�stroy�,lo�es or dernep�s th�P�W�r►Y � �o��;
<br /> (d) wslcs to rovoke,temiinet�or oihsrwia lImN fls Ilabiltty und�r�nY Owr ty �In whkh Qrentor,Borrower
<br /> ' _ (e) diss�bkoms�lspoly Incorrp�tsnt�I�di�wN�d or iKn�InN�d�b�eorrrs hn��olwnmd�unktal'Petlib�ni bu�'krupicY bsnefil of aediton,feile to W►y
<br /> debu as th�Y bsoort�e due,f�ks e petitlon undK th�led�rtl b�nlvupl�Y _
<br /> ------ — or any guazentor I�named�a nas propsriy iaiwi�u����t•�r"or�.c�e•ot!Yr�h;
<br />= (� allows poods to be used�tran�ported or�la�d on tM Prop�rtY�1M po�Nalon.tranrpat�tbn.or uN dwhlch,��xwpai;
<br />„� •,. (G) dlows any perty ottwr than Orentor or Bortow�r to e�wrrn or ixid�rtdu ntY Obllyutlan wNhout 1M wrNNn oonwnt of LsrM�r,a
<br /> ' (h) cauN�Lendsr to desm Ks�it Msscun dw to e�IpniAcant dadlrN In tM vdu�of th�Prop�rty:a il L�r,In Oood failh,f°r eny reawn,bellsvs�
<br />��y. :' of �ent w p�rfomwwe i�Impelnd.
<br />,_f,,.j�..'�, ;. that ihe prospect PaYn
<br />'�;°j;;,'. ;;:_ 17. RI(IHTB QF LENDER ON DEFAULT. If th�n Is a d�fnull undsr ihls DMd of Trutt,L�ncMr�hal�b�n1hNd to�x�rda on�or more of the lollowlny
<br />-�,,;;��-r.�..., rert�edl��wfthan notice or dsmand(ext�P'►es rsqulrsd by law):
<br />_-'*r�.• _' (a) 10 dsdor�ihs Obllyetlont Irm�dlet�ly dw and pay6ibN In�ull� •':
<br />_ . . (b) to coll�ct tF►s outstanding Ob�ipetlon�wfth a wHhout ro�oAiny to judidd proo� «C�n«�����1�Pr�p�rty at��laa r�e�onably
<br /> ,:-':e:�� �% (c) to nquk� Grama to d�liv�r end melu evaflabl�to Lsnd�r any p�reond(xop�rtY
<br />-�"�,-?:�• „ .• com�enisnt to Cireimor end LsndK� for or obteininfl 1M eppointrn�nl of�no�hr�r rid. m Lend�s option�to
<br />.c., • „x:,
<br /> (d) to antx upon end taka poueaslon of tf»Prop�rty whhoul epp� np
<br /> °�-�'-`_�.-�,::�: appolnt a noshrer without bond�wllhoul flrtt txinyiny wlt on the Qblipetlon� end wlihoul oth�twls�rtr�tkp ony stalulory conditions regerdinp
<br /> .,t�_;.
<br />�.R:�.�w,qa• realvnn�N balnp����t o�t t�he Proprry end k�t th�sertw,sfiMr In�Tr�utiN s own nem��In th�rwrr of L�ndu or h th�n�rt»ol CireMor.and
<br /> _��;;��;,.,�:,t-.;,�.� (�� to NnpiuY th�sartr,sR�r p�yrtMnt of Y n�a�sary chup�t Md oxpHlN�,on eaount ol
<br /> --=,,,�,r,.W,.,i;,, npiv�iha ronte,Incortbe,l6sw�er►d proflt�ot tFw Propsrty and ePP�Y
<br />-*.".. _.. ..^.;, : the0bliyetbns;
<br />-t�+,� - , ent Landsr to prot�ct tiw�curNy ot 1N�O«d oi Tnitt or to arw eny d�tault mher ihen
<br /> <�t° • (f) to pay eny eurtr In eny form or mannsr d�emed sxp�di bY
<br /> ' •�'`` payrrMnt of intsrset or prindPel on the Obll�tbne: th ��dw of th�powK of�aN e�r�teenced In
<br /> '_ . • (y)to tondos�this Owd of Trwt judidallY or nonJudlGally and to dirwt th�eal�of 1M prop�rly rouph
<br /> - parapraph 20 henot In aeao�denc�with eppUcabN law;
<br /> (h)to set-0M Grentor'� Obll9atlons agalnst eny turwu�t�w'+�d GrnMa by L�r�ndudin0, bul not Rmit�d to, madei,inswrr�itt, end daFo�fi
<br /> � , aaoums malntdnad whh Und�r or any cumntly exl�ting or futun alflllat�of I.�nd�r�nd �1�.
<br />�•^.<i., ,•.� (I)to sxerd�e ell othsr right�available to Lsnder uncNr eny otMr writl�n sg�m sPP�
<br /> ...r-�..� tel end In eny orcNr. In 1Fw w�nt that L�ncMr InstltNas m eclbn w�Wn01Fw
<br />_,;;=•. �.� Lender�s rlqhtt ara cumulatfva end may b�axxdsed toptlher,sspere Y,
<br /> r000very ot eny of the Prop�rly by way of a proWdgment rem�dy In en edl°�apdmt�rarHa,C3rnlor w�lw�1M poslirp of�ny baid whidi
<br />- . . . otherwi�e be nqulred. Lender or Lender�daslpnse rrey purchaN iFw PropMy et any�ei�. Proo��of�iMyT7rwiN�INi�ctwlly I�nain d u�d not to
<br /> � Iirat.to tlie co�ts end sxp�neac of exsrdsinp the powsr of�ala end of ti»�aN,{ncludingf�Wlmwnl�s wa�nd F»nby,thkd, lo th�payrrrnt of lunlor
<br /> � � excesd the amount whlch mey be prc`�Ided for In thla Dwd of Tru�L s000nd,to paym�n ObIfQ�
<br /> 1 �ntlll�d th�nto. TMp�op�r1Y a anY W„th�no�may
<br />- irust dseds,rtnrtgaW�,or oth�r Ilenholden,and th�belana,It eny,to the perwn or perwn�1�7�y
<br /> - '� be sold in ona pareel,or In such perce�a��esa the ent�irsfl6opehy le eold orlihe obllpaU�s�an�id I�n hAl.�a���xKdN�ol tM power her�in G�ar�t�d
<br />_ • � chell not extinpuish or exheust the power u P�
<br /> 10. TRUSTEE'S EXERCISE OF POWER OF 9ALE ON DEFAULT: if Lender slects to NII Onntor'�Int�n�l In IM Prop�rty by �xKds�ot th�{awK of
<br /> � sele hereln conlalned,Lender shall notify Trusteo In lhe menner then requlred by law. Is�������notia�of tNtauft
<br /> Upon recelpt ol such notice of Lendor and at tho directbn ot Lendsr,TN61M 6F18II CdUM 10 L�f�00�C1�, pub�
<br />- � and nmkes of eale as rray then be requlred by lew ard by ihis Deed of Trust. Truate�shail.an�Y el lha dra►ctbn ol Lo�der nnd wNhou�dNmr►d on Grantor,
<br /> , ; 6her�uch tlme a at the thme end p�lace o fea o Hxed by itrin�such nloticstnf sal��eih�r e�e whoN or Ir�s�ra«bts a pero�Ns�.����i��°m
<br /> ' eell iha Properly
<br /> " ezpedient,and In such order es It may delemUne,at public auctlon to the hlghest Mdder for cesh In Inwh,l rrwr�y ol Ih�Unf1W Stat�i peryeide at tl»ttrrn°
<br /> ` sale,or ae otherwiae mey then be requlred by law. Truatee shell deliver to such purchassr or purcheNr�Ih�nof It�pood end wflk,N��d�d or deeda
<br /> �,.°��ey��A oroo�o the truthtulnees iherleofU�An Yperson,Indud n0 w ih ut Ilmitetion,Or�enit�o�r,T etse a LaIMs►,meY p�urc i N st uc���b.t Truetee may
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<br /> . _ in ihe rrenner provided by la�v postpone seie oi e��or n��r r�������....-.
<br /> ' iD. RH�UEST FOR NOTICES: Grantor requesle ihet a copy of any notice of detault end e copy of any natiu ol tal�lix�und�r b mall�d to�eGi person
<br /> who Is e party hereto at tF�e address of suchi person set tortti hereln at the eame time end In ihe�ame nunner nquired e��hou¢i n w,�ern1�rsqwst thereot
<br /> had been tiled by each such person.
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<br /> N[DOTC Rw-i?J97
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