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<br /> � �EE� �]F TRUST �
<br /> Loan IVo: 1���74�39 �C��1#i�1u�d� Page 2
<br /> Trustnr presenfily assigns �o Lencler {alsv known as 6eneficiary in this Deed of Trust� a11 0� Trustor's right, title, and
<br /> interest in and ta al1 presen� and �u�ure leases of �he Property and all Rents from �he Prvper�y. In additian, Trustvr
<br /> grants to Lender a llniform Commercia[ Code security interest in the Pe�s�nal Property and Rents=
<br /> THIS DEEQ DF TRUST. INCLUD�N�THE AS51GiVN1ENT �F RENTS AiVD THE SECURfTY INTEREST tN THE RENTS AIVD
<br /> PERS�NAL PR�PERTY, IS GiVEN T� SECUR� tAy PAYMEiUT �F THE iNDEBTEDNESS AND �B� PERFORMANCE �F
<br /> ANY AN1� ALL aBLIGAT[aNS UNDER THE N�TE, THE RELATED DOCUMENTS. AND TH1S DEE❑ ❑F TRUST. THIS
<br /> DEED �F TRUST 15 GIVEN AND AC�EPTED �N THE FULLQIIVING TERNCS:
<br /> TRUSTf]R'S REPRESENTATI�NS AND VIIARRANTIES. Trustor warrants that: �a� this Deed of Trust is execu�ed at
<br /> Barr�wer's request and not at the request of L�nder; �b� Trustor has th� full pow�r, ri�ht, and auth�ri#y to enter into
<br /> this De�d v� Trust and to hypo�heca�e the Prvper�y; �c} th� provisi�ns of fihis �eed of Trust da no� conflict with, or
<br /> result in a defauf� under any agreem�nt or other instrumen� binding upon Trustor and do nv� resu�t in a �iolation af any
<br /> law. regulati�n, court decree ❑r ord�r applicable to Trustor; �d} Trustor has established ad�quate means o� a�taining
<br /> fram Bvrrower on a cont�nuing basis informa�ion abQut Borro►rver's financial condition; and {e} Lender has made no
<br /> representatian to Trus�or abou�Barr�wer �including without limitation the creditwvr�hiness of Borrower�.
<br /> � TRUST�R'S 1NAIVERS. Trustor waiWes aIC rights vr defenses arising �y reason ❑f any "vne actian" ar "an�[-deficiency"
<br /> law, or any other �aw wh3ch may preven� Lender frnm bringing any a�tion against Trusicor, ir��ludirrg a ciai� ivr
<br /> deficiency to the �xtent Lender is o�herwise entitled to a claim �or deficiency, befare vr af�er Lend�r's commencement
<br /> or camplefiion vf any f�reclosure a�tion, either judicially vr by exer�ise of a p�w�r of sale.
<br /> PAYIWIENT AND PERF�RNIAN�E. Except as ��herwise pra�id�d in this De�d v�Trust, Bvrrow�r shall pay ta Lender all
<br /> Indebtedness� secured by this ❑eed nf Trust as it becomes due� and Borrower and Trustar sha[I perfarrn all their
<br /> resp�cti�e obli�a�ions under the Note� this Deed of Trus�, and the Related Documents.
<br /> PASSESSIaN AN❑ IIIIAINTEiVANCE �F THE PRQPERTY. Bvrrawer and Trustar agree that �vrrawer's and Trustvr's
<br /> passession and use�f the Property shall be gaverned by the foflowing pr�visi�ns:
<br /> Possessian and Use. LJnttl th� vc�urrence of an Event o� Qefault, Trustor may [�y remain in possession and
<br /> cQntrol vf fihe Property; {�� use, operate or manage the Property; and {3} collec��h� Ren�s from the Praperty.
<br /> Duty to Maintain. Trustor shall maintain the Prvperty in tenan�ab[e candition and promptly perf�rm all repairs,
<br /> replacements, and maintenance necessary to preserWe i�s value.
<br /> Cvmpliance With Environmen�al Laws. Trustor represenfs and warrants to Lender that: �1� Dur�ng the period of
<br /> Trus��r's own�rship vf the Praperty, there has been no use, gen�ration, manufac�ure, storage, treatment, disposal,
<br /> release ar threatened release o� any Ha2ardous 5u�stanc� by any persvn on, under. about or fram the Property;
<br /> {�y Trustor has no Icnowledge of, or r�asvn to belie�e that there has been, except as previous[y disclosed ta and
<br /> acknowledged by Lender in writEng, �ay any breach or �iola�iQn of any En�iranmental Laws, �b} any USEr
<br /> gen�ration, manufiacture, storage. �reatment. disposa�. re�ease or threatened releas� of any Ha�ardous Substance
<br /> on, under, abvut or frvm �he Property by any priar �wners or vccupants �f �he Property, or �c� any actual vr
<br /> �hreatened lit�gation or claims vf any kind �y any person re[ating ta such matters; and �3� Except as previously
<br /> d2scl�sed ta and acknow�edg�d by Lender in writing, ta� n�ither Trustor nor any tenan�� con�ract�r. agent Qr other
<br /> authvrized user o�the Property shall us�, g�nerate, manufacture, s�ore, �rea�, disp�se of vr release any Hazardaus
<br /> 5ubstan�e on, under, about or from the Proper�ty; and �by any such acti�ity shal[ b�conducted in compliance with
<br /> all app�icable federal, state, and Iocal la►rvs, reguiations and ordinances, in�luding without limitation all
<br /> Environmental Laws. Trus�ar au�horizes Lsnder and Ets a�en�s �o enter upon �he Property to rnak� such
<br /> inspections and tests, afi Trustor's expense, as L�nder may d�em appr�priate to determine compfiance vf �h�
<br /> Pr�per�y with this section �fi the Deed a� Trus�. Any inspectians or tests made lay Lender shall be for Lender's
<br /> purp�s�s only and shail nvt be Gonstru�d �o create any responsi�ility vr liabiiity on th� part of Lend�r�a Trustor or
<br /> ta any�ther person. The representati�ns and warranties Gon�ained h�r�in are based �n Trustor's due diligence �n
<br /> in�esfigating th� Praperty for Hazardous Substances. Trustar hereby �1} releases and waives any future claims
<br /> against L�nde� �ar indemnity or confribution in �he euent Trustor becomes liable �For cleanup or ather costs under
<br /> � any such laws; and {2} agree�to indemnify, de�end, and ha�d harmless Lend�r against any and all claims. losses,
<br /> liabilities. damages, penalties, and expenses which Lender may directly ar indirec�ly sustain or su�fer resul�ing�rvm
<br /> a breach af�his s�ctian of the Deed of Trust or as a consequence afi any use, �eneration, manufac�ure, storage,
<br /> disp�sal, release ar threatened release occurring prior�o Trustar's ownership�r in�erest in the Prop�rty, wh�ther or
<br /> n�t the same was ��- should hav� �een known to Trustvr, The provisions vf �his section of the Deed af Trust,
<br /> �ncfuding the obligation ta indemnify and defiend, shall survive the payment vf the lndel�tedn�ss and the satisfiaction
<br /> and recvnv�yance of the lien of this Deed of Trust and shall not be aff�cted by Lender's acquisition of any ir�terest
<br /> in th�Property, whether by fore�lasure❑r�therwise. �
<br /> Nuisance, V11as��. Trustvr sha�l nQ� �aus�, conduct or permit any nuisance nor Gommitf permit, or su�fer any
<br /> stripping �� or waste �n ar �� the Property �r any portian of �he Praperty. VIlEthout limit�ng the generali�ty of the
<br /> foregoing, Trustar will nat remo�e, or gran�tv any other party�he right to remo�e, any timber, minerals tin�luding
<br /> vil and gas}, �oa�, �lay, scoria, soil, �ra�el or rock prvducts withvut Lender's prior written consent.
<br /> RemvWal af Impro�emen�s. Trustor shafl not demolish ar remo�e any lmpro�ements from the Real Prvperty wi�haut
<br /> Lender's prior written �ansent. As a �ond��i�n to th� removal of any ImpraWements, Lender may require Trust�r to
<br /> make arrangements satisfactory ta Lender tv r�place such ImproWements with Improvements vf at leas� equal
<br /> �alue.
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