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��14�5�37
<br /> DEED �F �RU�T
<br /> Laan No: 'I U1�78435 ���nt��lu�dj Page �
<br /> DEED�F 1"RUST 1S GIVEN AIVD►4�CEPTED DN THE FDLL�INING TERMS:
<br /> TRUSTC3R'S REPRESENTATI�NS �4ND VIlARRANT�ES, Trus�or warrants �hat: �a� this Deed flf Trus# is executed at
<br /> Bvrro�er's request and nvt at the reques� o� Lender; {by Trustor has the full power, right. and authvri�y to enter in�o
<br /> �his De�d of Trus� and to hypothecate the Property; �cy th� prv�is�ons o� �his Qeed v� Trust da not conf{ic� wi�h, or
<br /> result in a default und�r any agr�ement or other ins�rum�n� binding upan Trustor and do n�t result in a �i�lation of any
<br /> law. regulation, court decree �r arder applicab�e to Trustor; {d} Trustor has es�ablished adequa�e means of obtaining
<br /> from B�rrower on a con�inuing basis in�orma�ian abvut Borrov►rer's financial conditi�n; and �e} Len�er has made no
<br /> representation to Trustar about Borrower �including without iimit�tivn the �redifwarthiness of gorrovuery.
<br /> TRUST�R'S 1NAIVERS. Trustor wai�es all rights or defens�s arising �y reasvn of any "one ac�ion" or "an�i-deficiency"
<br /> law, nr any other law which may prev�nt Lender frvm bringing any action against Trus�orf including a c�aim far
<br /> defic�ency�o the extent Lender is otherwise entitled t� a c�aim far dgficiency. befare or a�fier Lend�r's commen�ement
<br /> or completion of any foreci�sure action, either judicially or by exercise❑�a power�f sale.
<br /> PAYMENT AND PERFDRMANCE. Excepfi as ❑therwise proWided �n �his Deed o�Trust, Sorrower shall pay to Lender a�l
<br /> lndebtedness secured by th�s Deed o� Trust as it bec�mes due, and Borrower and Trustor shall p�rf�rm all their
<br /> respective obliga�ians under the Nate,this Deed o�Trust, and the Related D�cuments.
<br /> PaS5E5SI�N AND MAfNTENANCE �F THE PRaPERTY. Borrawer and Trustor agree that B�rrower's and Trust�r's
<br /> p�ssessivn and use of�he Proper�y shal[ he g��erned �y the following pravisions:
<br /> Possessivn and Use. Until the occurrence af an E�ent vf Default, Trustar may [1� remain in possession and
<br /> contra�af the Property; ��} use, ❑p�rate or manage the �'r�perty; and {3} �ollect the Rents fram�he Property.
<br /> Duty fio Main�ain. Trust�r sha�l maintain the Property in tenantable �andi�ivn and promptEy per�orm all repairs,
<br /> replac�ments, and maintenance necessary to pr�serWe its value.
<br /> �ompliance With En�ironmental Laws. Trustor represents and warrants �o L�nd�� tha�: ��� During �he perio� of
<br /> Trustar's ownershEp of the Property� there has been no use� genera�tion, manufa�ture, storage, treatment, disposal,
<br /> re��ase or threatened rel�ase of any Ha�ardaus Su�stance by any person an, under, about �r�rom the Property;
<br /> {�f Trustor has no knowledge ❑f, or reasvn �� beiieve that there has been, except as previously dis�losed to and
<br /> acknowfedgsd by L�nde� in wri�in�, �ay any breach or �ivlation af any Environmenfial Laws, {b} any use.
<br /> gen�ratian. manufacture, storage, �reatmen�t, disposal, release or threatened release of any Hazardous Substance
<br /> �n, und�r, about or frvm the Proper�y by any privr awners or occupants of the Properfiy, ar �cy any actual vr
<br /> �hreatened litigatiQn or claims o�F any kind by any person relating t� such matt�rs; and {3� Ex�ept as pre�ivusly
<br /> disclosed t� and acknowledged �y Lender in writ�ng, �a� nei�her Trustor nor any tenant, con�ractor, ag�nf vr other
<br /> authorized user vf the Prop�rty shail use, generate, manufacture, 5�D1'E� treat, dispose af or release any Hazardous
<br /> Substance on. under. a�out or from �the Praperty; and �b} any su�h activi�t}�shall be conduct�d in �ompliance with
<br /> all applicable �ederaC, state, and Ivcal laws, regu[a��ons and ordinances, including withvut limi�a�ivn all
<br /> Environmental Laws. Trustar autho�izes Lender and its agents �o en�t�r upon the Proper�ty to make such
<br /> inspections and tests, at Trust�r's exp�nse, as Lender rnay deem appropriat� �v determine cvmpliance af the
<br /> Property with this sect�an o�r the Deed of Trust. Any inspectians or t�sts made by Lend�r shalf be for Lend�r's
<br /> purposes on[y and shaCl nat b� construed tv create any respansibElity�r fiability vn the part af Lender tv Trustor or
<br /> to any ofiher person. The represen�tations and warrant€es contained herein ar� based on Trustor's due diligence in
<br /> inv�s��gating the Property �or Ha�ardaus Suhstances. Trus��r hereby ��f r�leases and wai��s any future claims
<br /> against Lend�r fvr indemni�y or cvntribution in the e�ent Trustor be�omes iiable �or cleanup ❑r other costs under
<br /> any such laws; and �2� a�rees to indemnify, de�end, and h�ld harmless Lender agains� any and all claims, Iosses,
<br /> liabiiities, damages, penalfies, and expenses ►rvhi�h Lender may direc�ly or indirec�tly sustain�r su�fer resulting from
<br /> a breach vf this section of the Deed vf Trust or as a cansequ�nce af any use, �enera�ion, manufacfiure� storage,
<br /> disp�sal, releas�ar threatened releas�occurring prior to Trustor's ownership or interest in the Pr�p�rty, whether or
<br /> nvt the same was or shoufd ha�e been knvwn to Trustar. Th� pro�isions of this sec�ion of the Deed of Trust,
<br /> including th�obligat�an to ind�mnify and d��end, shall sur�i�e the payment o�th� Indebt�dness and the satisfiaction
<br /> and recon�eyan�e of the �ien vf this aeed of Trust and sha�l nat be a�ffected by Lender's acquisition of any interest
<br /> in the Property, wheth�r by fore�lasure vr otherwise.
<br /> Nuisance. Vllas�e. Trus�or shal! no� cause, condu�� or permit any nuisance nar cammi�, permit, or suffer any
<br /> stripping af ar waste an vr to the Properfiy �r any portion of the Prvperty. Vllithvut limitin� the generality af the
<br /> foregoing, Trus�or wil! na� r�mv�e, or grant to any ather parfiy the rsght ta remo�e, any�imber, mineraEs tincluding
<br /> oil and gas�, coal, clay, scoria, s�El, gravei or rock produc�s withaufi Lender's privr written consent.
<br /> Removal of Impro�gments. Trustor shall not demol�sh o�remove any lmp�avements from the Real Property without
<br /> Lender's prior writ��n cansent. As a Gvndi�ion t�the removal of any Impr��ements, Lender may require Trustor to
<br /> make arrangements sa�isfactory �v Lender tv replace su�h lmpro�emen�s uvith ImproWemsnts of at least equal
<br /> valu�.
<br /> Lender's R�ght fio En�er. Lender and Lender's agents and representati�es may �nter upan �he Real Property at a�l
<br /> reasonable times to a�tend to Lender's in�erests and fio inspect the Real Prnp�r�y for purposes o�F Trustor's
<br /> G�mpliance wEth the te�ms and �ondi�tions of�his Deed �f Trust.
<br /> Compliance with GaWernmental Requirements. Trustar shall promptly camply with a�l lavirs� ordinances, and
<br /> regulati�ns f nv�►v ar hereaf�er in et�ec�� of all �oWernmental autharities applicable to the use or occupancy oi` �he
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