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Z�15�535�
<br /> �EEC� �F �'�UST
<br /> ��n�ti n ued� Page �
<br /> result in a default under any agreemen�vr v�her Ens�rumen�binding upon Trustor and do nat result in a vialation af any
<br /> law, regulativn, �aurt decree ar nrder appiicable tv Trustar; td}Trus�or has esta��ished adequate means of obtaining
<br /> �rom Bvrrvwer an a �ontinuing basis infarmation abaut Borrower's financial conditian; and �e} Lender has made na
<br /> �epresentation to Trustor abaut B�rrawer�in�luding without limitatian the credi�worthiness af Bvrrav►rer}.
<br /> TRUST�R'S WAlVERS. Trustnr waives all rights vr defenses arising by reas�n af any"one action"❑r"anti-deficien�y"
<br /> �aw, ar any ofher �aw which may preven# Lender frvm bring�ng any actian against Trust�r, in�[uding a claim fvr
<br /> defiicien�y ta th�extent Lende�-is atherwise entitied tv a�lairn far def cien�y, before or af�er Lender's�ommencement
<br /> or completivn vf any fvre�losure activn,eithsr judicialCy or by exer�ise❑f a powe�af sale.
<br /> PAYMENT Ahl� PERF�RMA�VCE, Except as a�herwise pro�Eded in this❑eed af Trus�, Bvrrower and Trus�or shall pay to
<br /> Lender al� [ndebtedness se�ured by this Deed vf Trust as it be�omes du�, and Borrower and Trus�or shail stric�fy
<br /> p�rFvrm ail their respecti�e obl�ga�ions under the Note,this D�ed af Trus�,and the Related aocurnents.
<br /> PDSSE�SIUN AN❑ MAINTENAIVCE DF THE PR�RERTY. Borrawer and Trustar agree that Borrvw�r's and Trustor's
<br /> possession and us�afi the Property shail be ga�erned by�he follow�ng pro�isions:
<br /> Possession and Llse. Until �he ❑ccurren�e of an E�en� of Default, Trustvr may ��} remain in poss�ssion and
<br /> con�ro�of the Praper�y; �2} use,opera�e or manage the Property;and �3} cvllect the Ren�s from the Property.
<br /> Duty to Ma�ntain. Trustor shall rnaintain �he Property in �enantable condi�ivn and promptly perForm alI repairs,
<br /> replaGem�nts,and maintenance necessary ta preserv�its�alue.
<br /> Cvmp[iance W`rfh Envirvnmental Laws. Trust�r represents and warrants to Lender tha�: �'�} During�he period af
<br /> Trustar's ownership of the ProperEy,there has b�en na use,generativn, manufacture,storage,trea�men�,dispvsal,
<br /> re�ease ar threatened release of any Hazar�daus 5ubstance by any person on, under, about or�ram �he Property;
<br /> �2] Trustvr has na knowledge��, ❑r r�ason t� belie�e�hat�here has been, ex�ep�as pre�iaus�y dis�losed to and
<br /> aGknvwledged by Lender in writing, (a} any breach or �iolativn af any En�iranmental Laws, �h} any use,
<br /> gene�ation, manufaGture, storage, treatment, dispasal, release vr threatened release vf any Hazardvus Substance
<br /> vn, under, abau� or frvm the Property by any prior ovvners or a��upants ❑f the Property, vr �c} any actual ar
<br /> �hreatened li�iga��an vr c�aims af any kind by any p�rson rela�ing �v such matters; and �3} Excepf as pre�iaus�y
<br /> disclosed to and acknvwledged by Lende�in wri��ng, �a} nei�her Trustor nor any�enant, cvntra��or,agent�r o�her
<br /> authorized user of the Praperky shal�use,genera�e, manufa�tur�,stare,treat, disp�se af c�r release any Hazardous
<br /> 5ubstance❑n,under, abaut or frarn the Property;and (b} any such activity shall be conducted in compl�ance with
<br /> ali appIiGable federal, s�at�, and Iocal laws, regulati�ns and ordinances, including uvithvut limita�ivn all
<br /> Enviranment�l Laws. Trustar authariz�s Lender and i�s agen�s to en�er upon the Prvperty to make such
<br /> inspectians and �ests, at Trusfar's expense, a� Lender may deem apprvpriate �o determine compliance a� the
<br /> Property wi�h �his seGtian af the Deed vf Tr-ust. Any inspecti�ns vr tests made by Lend�r shaI� be for Lender's
<br /> purposes❑nly and sha�I nat be canstrued to create any responsibi�i�y or liability on the part of Lender t❑Trustor�r
<br /> t❑ any o�her persan. The represen�a�ions and warranties con�ained herein are based❑n Trus�or's due diiigenGe in
<br /> in�es�iga�ing the Properky f�r Hazardaus 5ubstances. Trustor hereby �'I} releases and waives any future clairns
<br /> against Lender for indemnity ar Coni�ribu�ivn in the e�ent Trustor becomes I�abie for�leanup or��her costs under
<br /> any such laws; and �2} agrees to indemn��y,defend, and hold harrn�ess Lender agains�any and all claims, losses,
<br /> liabilities,darnages, penalties, and expenses which L�nder may directfy v�indirect�y sustain �r suffer resulting from
<br /> a breach vf this se�ti�n vf the �eed of Trust or as a�onsequence of any use, generation, manufa�ture, s�orage,
<br /> dispasal,refease or�hreatened release❑ccurring prior fa Trustor's awnership ar interest in the Property,whether or
<br /> na�the same vsras ❑r should ha�e been known fa Trus�or. The p�o�isions af this s���ion of the ❑eed �f Trust,
<br /> in�luding the obligativn to indemnifiy and defen�,shall survi�e the payrnent af the fndea�edness and the satisfa�tivn
<br /> and recon�eyance afi the�ien of this �eed af Trus�and sha�i not be a�fe�ted by Lender's acquisition of any Enterest
<br /> in the Prflperty,whether by fareclosure or otherwise.
<br /> Nuisance, Waste. Trustar shal[ no# cause, �onduc� or permit any nuisance nor commit, permit, or suffer any
<br /> stripping of❑r was�e an or to �he Property ar any portion nf the Praperty. VIli�hout limi�ing �he genera[ity of the
<br /> �aregoing, Trus'�or will nat rema�e, or grant to any ather party#he right fi❑remo�e, any�Emher, minerals�including
<br /> vi�and gas},cval,clay,scoria,soil, gra�el or ro�k prQducts with�ut Lender's prior writ�en consen�.
<br /> Remvval v�fm�rvvemertts, Trustflr shall not demQlish ar remv�e any fmprovements frarn�he Real Property w�thvut
<br /> Lender's prior written cansen�. As a cvnditivn ta the rernaval af any Cmprnvements, Lender may require Trusfor ta
<br /> make arrangements satisfa�tory t❑ Lender �v replace such Impro��ments with fmprv�ements a� at least equal
<br /> value.
<br /> Lender's Righ�fo Enter. Lender and Lender's agents and �-epresentati�es may enter upan the Real Property a#al!
<br /> reasonable times fo aftend to Lende�-'s in�eres�s and to �nspect fhe Real P�-operty for purposes af Trustar's
<br /> compiian�e w�th#he terms and�onditions af this Deed of Trust.
<br /> Gornplian�e wi�h Gv�ernmental Requirements. Trustar shall promptly comply with all laws, vrdinances, and
<br /> regulations, now or hereafter in ef�ect, v�a�l go�ernmental authvrities applicable ta the use ar occupancy af�he
<br /> Propet�y, including without lim�ta�ifln, the Arnericans Wi�h Disabili�ies A��. Trustor m�y con��st in gavd�a��h any
<br /> such law, ordinance, ❑r regula�ivn and v►rithhold compliance during any pra�eeding, in��uding appropriate appeais,
<br /> s❑lang as Trustar has notified Lender En writing pr��r ta doing s❑and s❑lang as, in Lender`s sole apinion,Lender's
<br /> interests �n the Property are not jeopardized. �ender may require Trustar to p�st adequate seeurity ❑r a sure�y
<br /> bvnd, reasvna�iy satisfactary�o Lender,to pro�ect Lender's interes�.
<br /> Duty to Protect. Trustor agrees neither tv abandon or [eave unattend�d the Praperty. Trustar shaii do all o�her
<br /> a�ts, in add�tion to thase a�ts set forth abv�e in�his sec�ion,whiGh�r�m the character and use of the Property are
<br /> �easanably necessary tv protect and p�eserve the Pr�perty.
<br /> T►�CES ANI3 LIENS. Th� fvEiawing prov�sivns reiating �o �he taxes and liens an the Prop�rty are part ofi this Deed of
<br /> Trust:
<br /> Payment. Trustvr shai�pay when due�and in ail e�ents p�-�or to delinquency}all�ax�s,special taxes,assessments,
<br /> cha�ges�includ�ng water and sewer},fines and imp�siti�ns levied against or❑n accaunt❑f the Property, and shall
<br /> pay when due ali claims for work done an ar far services rendered o�material furnish�d to fihe Praperty. Trustar
<br /> shall rnain�a�n�he Prvperty free of all liens ha�in�privri�y o�er��equal to the interest af Lender under�his Deed vf
<br /> Trust, ex�ept fvr the ��en af taxes and assessments r�o# due, except for the Existing Ind�b�edness referred to
<br /> bel�w,and except as vtherwise pro��ded in�his C]eed�f Tr`us�.
<br /> Righ�ta Gantest. Trustar may withhvld payment af any tax, assessment,❑r claim in cannection with a goad fa��h
<br /> dispute o�er the abliga�ian�v pay,sv long as Lender`s interest�n�he Prvperty is nat jeopardized. ff a lien arises or
<br /> �s filed as � result of nonpaymen�, Trus�r�r sha[I within fi{te�n �15} days af�er�he lien arises or, if a Iien is fi�ed,
<br /> within f�fteen �'!5} days after Trustor has notice v��he filing, secure the discharge of fh� lien, �r if requested by
<br /> Lender,depos�t with Lender cash or a sufFi�ient corparate surety bond or vth�r security satisfactvey�v Lender in an
<br /> amoun�sufft�ieni ta dis�harge the�ien plus any�osts and a�tflrneys'fees, ar ather charges that could accrue as a
<br /> result of a for�clvsure vr sale under the lien. ln any cantest,Trustvr sha�l defend itself and Lender and shall satisfy
<br /> any adverse judgment before enfarcement against the Property. Trustor�hai� name Lender as an add itianal ob!igee
<br /> under any surety bond furnished in�he�anfiest proceedings.
<br /> E�idence af Payrnent. Trus�or shaii upon demand furnish to L�nder sa�isfactvry e�iden�e of payment nf the taxes
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