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��15�41�� <br /> aEED �F TF�UST <br /> Loan Nv: ����55�11 ��ontinued} Page � <br /> secures, in addi�tivn fiv the amvun�ks specified in �he Note, al� �uture amounts Lender in i�s disc�-etion may laan ta <br /> T�ustor,together wEth all in�erest therevn. <br /> Trustar presenfily assigns �t❑ Lender �also known as Benefi�iary in this Deed o� Trus�� all vf Trustor`s righ�, title, and <br /> in�terest in and �a all presenfi and �uture leases ❑f the Property and all Ren�s from the Property. In additEon, Trustor <br /> gran�s fia Lender a Unifarm Commercial Code security in�keres�in the Persona[ Property and Ren�s. <br /> THIS DEED �F TRUST, iNCLUDiNG THE ASSIGNMENT �F RENTS AND THE SECURITY INTEREST 1N THE RENTS AND <br /> PERS�NAL PRDPERTY, [S �1VEN TD SEGURE {A} PAYMENT �F THE INDEBTEDNESS AND �6} PERF�RMANCE OF <br /> ANY AN�3 ALL �BLIGATIDNS UNOER THE NDTE, THE RELATE❑ D�CUMENTS, AND TH15 DEED DF TRUST. TH1S <br /> DEED OF TRUST, jNCLUDING THE ASSIGNMENT �F RENTS AND THE 5ECl1R�TY �NTEREST 1N THE RENTS AND <br /> PERS�NAL PR�PE�TY, 15 AL5❑ GIVEN TD SECkJRE ANY AND ALL QF TRUSTOR'S �BLIGATI�NS UNDER THAT <br /> CERTAIN C�NSTREJCTI�N L�AN AGREEMENT BETWEEN TRUSTDR AND LENDER �F EVEN DATE HEREINlTH. ANY <br /> EVENT �F DEFAULT L]NDER THE C�NSTRUCTjDN LQAN AGREEMENT, �R ANY DF THE RELATED D�CUMEtVTS <br /> REFERRED Ta THEREIN, SHALL ALS� BE AN EVENT OF DEFAULT UNDER TH1S DEED ❑F TREJST. THIS ❑EED �F <br /> TRUST 15 G1VEN AND AC�EPTED�N THE FDLLa1NlNG TERMS: <br /> PAYIVIENT AN❑ PERF�RMANCE. Ex�ep�t as ❑�fiherwise pro�ided in this Deed vf Trust, Trus�tor sharl pay ta Lender ail <br /> amaunts secured by this Deed af Trust as they become due, and shall strictly and in a time[y manne�- perform all ❑f <br /> Trus�or's obliga�ions under the No�e,this Deed a�F Trus�, and the Relafied Documents. <br /> P�SSESSIDN AND �IJlAINTENANCE DF THE PRDPERTY. Trus�or agrees that Trustor's poss�ssion and use ot the <br /> Proper�y shall he go�erned by the fallowEng pro�isions: <br /> Passession and Use. Until fihe vccurrence of an E�ent of Default, Trus�or may ('�} remain in possessivn and <br /> control ofi�he Prvperty; (2� use, operate❑r manage the Prop�rty; and �3} collect the Rents�rom the Proper�y. <br /> Du�y to Maintain. Trustvr shall mainta�n �he Proper�y En ��nantable conditivn and promptly pe�-form all repairs, <br /> replacements, and main#enance necessary to preser�e i�s�alue. <br /> Compliance With Envirvnmental Laws, Trusfivr represents and warranfis to Lender that: �'f} auring �he period ❑� <br /> Trustor's ownership v�fihe Property,�here has been no use, generation, manufactur�, storage,�reatmenfi, disposal, <br /> re[ease �r �hreatened release af any Hazardvus Substance �iy any persvn vn, under, abvut ❑r from the Praperty; � <br /> ��� Trust�r has na knowledge ❑�F, or reason to belie�e �hat there has been, excep� as pre�iously dis�losed fio and <br /> acknowledged by Lender in writ�ng, �a} any breach or �ioEation of any En�irvnmen�al Laws, {b} any use, <br /> genera�ion, manufacture, storage, treatment. disposal, release or threatened refease of any Hazardous Subs�an�e <br /> ❑n, under, abvut or from the Prvperty by any priar owners vr occupants o� the Prvperty, ❑r �c} any ac�ual or <br /> threatened litiga�ivn ❑r cfaims of any kind by any person r�lating �a such ma�te�-s; and �3} Except as pre�iousty <br /> disclosed to and acknowledged by Lender in writing, �a} neither T�ustor nor any t�nant, con�krac�or, agent or other <br /> authorized user of the Property shal! use, generate, manufac�kure, store, trea�, d�spose o�or release any Hazardaus <br /> Substance vn, under, abvut❑r from the Praperty; and �h} any such acti�ity sha�1 be c�nducted in cvmp�iance wifih <br /> a!I app�icabfe �ederal, sta�e, and Iv�al laws, r�gulations and ord�nanc�s, including withou� limitation al� <br /> Environmental Laws. Trustor autharizes Lender and Ets agen�s ta enter upon fihe Prvper�y �o make such <br /> inspections and �es�s, at Trustvr's expense, as L�nder may deem appropriate t❑ d�termine compliance of �he <br /> P�ope�ty with �his sectian ❑f the Deed of Trust. Any inspections or tes�s made by Lender shall be �or Lend�r's <br /> purpvses aniy and shall not be cons�rued to create any respansibility or liabili�y ❑n fihe part of Lendsr to Trustor or <br /> to any ❑ther person. The represenfiations and warranties contained herein are based an Trustar's due diEigence in <br /> inves�iga�ing the Praper�y for Hazardous Substances. Trustor hereby {1} �-eieases and wai�es any �uture claims <br /> against Lender for indemnity or contribution in the e�rent Trustor becomes �iable �or cl�anup or ❑ther �asts und�r, <br /> any such faws; and �2} agrees tv indemnify� defend, and hv[d harmless Lender against any and all c�aims, lasses,� <br /> �iabilities, damages, penalties, and expenses which Lender may directly or indirectly sustain or suf#er resulting frvm <br /> a brea�h o�this section of�he ❑eed af Trust or as a consequence of any use, generation, manufa�tur�, storage, <br /> disposal, release�r threa�ened release occurring priar to Trustar's�wnership or interest in#he Property, whether ar <br /> nvt the same was ar shvuld ha�e been knawn �v Trustor. The pro��sions of �his section ❑� the Deed ❑f Trus�, <br /> including��he obligation ta indemni�y and defend, shal!sur�i�e the payment of�he lndebtedness and the satisfact�on <br /> and recan�eyance of�he lien vf this Deed af Trust and shall not be affe��ed by Lender's acquisitivn ❑�any in�e�-�st <br /> in�he Property, whefiher hy�oreclasure ar otherwise. <br /> Nuisance, Was�e. Trustor shall not cause, conduct vr pe�-mit any nuisance nor commi�, permit, ar suf�er any <br /> stripping ❑f or waste an or t❑ �khe Property �r any portion of the Property. VIli�hout limiting the generali�y vf�he <br /> foregoing, Trus�vr will no� remo�e, ❑r grant ta any o�kher.party�he righfi fia remv�e, any�imber, minerals �including <br /> ❑il and�as}, coaf; clay, scoria,soil, gra�el vr ra�k prvduc�s wi�hou�Lender's prior writ�en consent. <br /> Remo�a�vf lmpro�ements. Trustvr shall nat demolish or remv�e any fmproWements from the Real Property wi�kh�ut <br /> Lender's prior written cvnsent. As a canditEvn t❑th� remo�al of any Impr��ements, Lender may require Trustor t❑ <br /> make arrangements sa�isfactory ta Lender to rep�a�e such Impra�ements wEth Empr��ements o�F at least equai <br /> �alue. <br /> Lender's Right to En�er. Lender and Lender's agents and represen�ati�es may enter upon the Real Property a# all <br /> reasanable �imes �o attend t❑ Lender's in�erests and fia inspect the Rea1 Praperty �f�r purposes of Trustor's <br /> compliance with the terms and conditions ❑f�his Deed vf Trust. <br />