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��14��114
<br /> DEED �F TR�JST
<br /> L�an Na: 7�12?5��5 ��ont[nued� Page �
<br /> DEEa aF TRUST 15 �IVEN�►ND ACCEPTED DN THE F�LL�VtiJING TERl1flS:
<br /> TRUST�R'S REPRESENTATl�NS AND WARRANT�ES. Trustor warrants that: {a} th�s Deed of Trus� is executed at
<br /> 6arrawer's request and not at the reques� of Lender; �b� Trustor has the fu�l power, right, and au�harity to enter into
<br /> this Deed of Trus� and to hypothecate �he Prap���y; �cf the pro�isions of this ❑eed of Trust do na� conff ict with, or
<br /> result in a default und�r any agreement or o�kher instrumen� �inding up�n Trustor and do no� result in a viola�ion vfi any
<br /> law, regulation, cvurt d�cree or order applicabl� ta Trus�ar; �d� Trus�or has established adequate means af abtaining
<br /> from gorrower on a G�n�inuing basis in�ormation abou� gorrower's financial conditian; and �e� Lender has made n❑
<br /> r�presenta�ion t�Trus�or abou�Borro►nrer �inc[uding without limitati�n�h�creditworthiness of Borrawer}.
<br /> TRUST�R'S V1IAIVEHS. Trustor waives aIl ri�hts or defens�s arising by reasvn �f any "one actian" vr "anti-deficiency"
<br /> law� or any vther law whi�h may preWent Lender from bringing any ac�ivn againsfi Trust�r. including a cfaim for
<br /> deficiency tn th� exten� Lender is �therwise entitled tv a claim far deficiency, bef�re or a�ter Lender's commencemen�
<br /> or completion of any�areclasure acti�n, eith�r judi�ially or by exercise of a power❑f sale.
<br /> PAYIIJ�EIVT AN❑ PERFDRMANCE. Except as otherwise pr�vi�ed in this ❑eed �f Trusf. Bvrrvwer sha[I pay to Lender ail
<br /> lndeb�edness secur�d by this D�ed of Trus� as it becomes due, and Borrawer and Trustar shall p�rf�rm all �heir
<br /> respecti�e abliga�inns under th� No�e, this Deed vf Trust, and'�he Related �]ocuments.
<br /> P�SSESSi�N AND 11JIa41NTENAN�E �F THE PR�RERTY. Barrower and Trustar agree �that Barr�wer's and Trustor's
<br /> passessian and use vf�he Proper�y shall f�e���erned by the follawing proWisians:
<br /> Possession and Use. LJnfiil �he occurrenc� ❑f an Event af D�fault, Trustor may ��� remaEn in possession and
<br /> control of the Property; �2y use. ap�rate or manage the Property; and t3y collect the Rents frQm the Property.
<br /> Duty to Ill�aintain. Trustvr sha[I ma�ntain �he Praper�y in tenanta�fe condi#ion and promptly perform all �epairs.
<br /> replacemen�ks, and maintenance necessary ta preser�e its va(u�.
<br /> �ompliance 1Nith Environmen�a� Laws. Trustor represents and warrants to Len�er that: {1} During the perioc� of
<br /> Trustor's awnership of the Prvper�y� there has been no use, �enerat�an. manufacture� storage,treatm�nt� disposal.
<br /> re�ease ar threatened release ❑f any Hazardaus 5ubstance by any pers�n on, under, about or firom the Property;
<br /> ��} Trustor has no knowledge afi, or reasvn tv believe that there has been. except as pre�iousfy disclosed t� and
<br /> acknvw�ed�ed by L�nder in wri�in�. �a� any breach or �iola�ion �f any En�ir�nmental Laws� �by any use.
<br /> generati�n, manufiacture, storag�, trea�ment, dispvsal, release flr threatened release �� any Ha�ardous Substance
<br /> on, under, abvu� or frvm �he Proper'�y by any prior Qwn�rs or �ccupants afi the Property, or �c} any actual �r
<br /> threatened ii�tigation ar claims o# any kind by any person relating �� such ma�ters; and t3] Except as previausly
<br /> disclased tv and acknowledged �y Lender in wri�ing, {a� neither Trustor nor any�enant, contractor, agent or other
<br /> auth�ri�ed user of�h� Praperty shall use, generate, manufactur�, store. fir�at, dispase of or release any Hazardous
<br /> Substanc�an, underf abnut or from the Proper�y; and �b� any such acti�ity shall �e conducted in �ompliance wi�h
<br /> al� applicable federal. s�at�, an� local laws� r�gu[ati�ns and ordinances. including with�ut limitafion a[I
<br /> Env�ronmental L�WS. Trustar authorizes Lender and its agents �o enter up�n the Praperty t� make SUCh
<br /> inspections and tesfis, at Trustor's expsnse, as Lender may deem appropria'te to determine comp�iance of the
<br /> Property with this s��tion �f �he Deed o� Trust. Any inspectians or tests made by Lender shali be for Lender's
<br /> purposes �nly and shall not be construed �o create any responsibility or liabili�y an the par�vf Lender fio Trus�or or
<br /> ta any other person. The repres�ntations and warranties contained herein are based nn Trustor's due di�igence in
<br /> in�es�igatEng th� Prvper�y �or Hazardous Suhstances. T�-ustar hereby �1� releases and waives any future claims
<br /> agains� Lender f�r indemnity vr cvntributian in the �vent TrustQr b�comes �iable for cleanup or �th�r costs under
<br /> any such �aws; and �2} agrees fio indemn��y. de�end, and hold harmless L�nder agains'�any and all claims, I�sses�
<br /> liahilities, damag�s, penalties, and exp�nses which L�nder may directly or indirectly sustain or suffer resultin�from
<br /> a breach vf �his sec�ion of the �eed of Trus� or as a consequence o�F any use, generation, manu#acture, starage,
<br /> disposal. release or threatened release occurring prior to Trustor's ownership or interest in the Praper�y� whether vr
<br /> not th� same was or should have b�en known to Tr�stor. Th� pro�isians af thzs sectivn Qf fihe aeed o� Trust�
<br /> including the o�l�gation to indemnify and de��nd, shall surWive the payment of the Indebtedness and the satisfactivn
<br /> and recanveyance of the lien of�his Deed o�f Trust and shalf n�t be affecfied by Lender"s acquisi�tion o#any in�erest
<br /> in the Praperty, wh�th�r by foreclosure or atherwise.
<br /> Nuisan��, 111�as�te. Trustor shall not cause, condu�t ar permit any nuisan�e nar commit, permit, or su�ffer any
<br /> strippi.n� af or was�e on �r to �he Property or any por�ion o�F the Proper�y. Vtilithou� limiting the �enerality of the
<br /> foregoing, Trustar wi11 not remaWe, ar grant to any other party th� righ�to remoWe. any�imber. minerals �incfuding
<br /> ail and gas}, coaf, clay, sco�-ia, sail, gra�el or ra�k produ�ts without Lender's prior w�-itten consent.
<br /> Remo�al of Imprvv�mentse Trus�ar shall not demo€ish or remvWe any Impro�ements fram the Real Pr�per�y v►rithaut
<br /> Len�er's prior written consent. As a conditian ta�he rem�val of any lmpro�emenfs� Lender may require Trustar�a
<br /> make arrangem�n�s sa�isfactory to L�nder ta re�alace such [mpravements wi�th Impro�emen#s of at least equaj
<br /> Walue.
<br /> Lender's Right ta En�er. Lend�r and Lender's agents and repres�ntatiWes rnay enter upon the Rea[ Prap�rty at all
<br /> reasonable times to attend to L�nder's interests and to inspect the Real Property f�r purposes o� Trustor's
<br /> c�mpliance with the terms and c�nditions of this De�d o�Trus�.
<br /> Compfiance v+ri�h Go�rernmenfial Requirements. Trust�r shall promp�iy comply with a[I laws, ordinances, and
<br /> r�gulations, now or hereaf�er in ef�ec�� Qf all go�e�nmenta! author�ties applicable to the use or occup�ncy �f th�
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