Laserfiche WebLink
��15��833 <br /> DEED �F TRUST <br /> �oan N�: ��129���� t�antinued} Page � <br /> DEEI]❑F TRUST IS GlVEN AND ACCEPTED �N THE FQLL�VIl1NG TERMS: <br /> TRU�T[]R'S REPRESENTAT1flN5 AND WARRANTIES. Trustor warrants that: �a� this ❑eed ❑f Trust �s ex�cuted at <br /> B�rrawer's r�ques� and nat a�the request of Lender; tb} Trus�or has the �ull power, right, and authority t� enter inta <br /> this Deed o�Trust and to hypv�hecate the Pr�perty; �c� the pro�isivns af this Deed ��Trust do not confli�� with, or <br /> result in a�efault under any a�reernent or ather ins�rumen� binding upan Trustar and do nat resul�t in a vialation ❑�any <br /> 1aw, re�ulation, court decree or order applicable �o Trustor; {d] Trus'�at� has estahlished adequat� means af obtaining <br /> fram Borrawer on a cantinuing basis infarmation abaut Sarrower's financial �andition; and (e� Lender has made no <br /> representatian to Trustar about g�r�-ower{including withou�t limi�a�ion the creditWor�hiness oT Barrvwer}. <br /> TRUST�R'�VIIAIVERS. Trustor v�raives all rights or defenses arising by reason ❑f any "one action" ❑r "an�i-deficiency" <br /> law, or any other 1aw whi�h may pre�ent Lender from bringing any action agains� Trus�ar, including a claim for <br /> deficiency t❑�he ex�tent Lender is otherwise en�kitled to a claim far deficiency, �efar� or af�er Lencler's cvrnmencem�nt <br /> ❑r�ampl�tion a�any fareclosure action, etther judicially or by ex�:rcise of a power af saie. <br /> PAYfVIENT AND PERF�RNiANCE. Except as atherwise prar�ided in this Deed ❑f Trust, Borrower shall pay t❑ L�nder a11 <br /> lndeb�edness secured by �his aeed of Trust as i� be�ames due, and 6vrrowe� and Trus�tar shall per�arm all their <br /> respec�i�e vbligations under the IVote,�his❑eed of Trust, and th�Related Da�umen�s. <br /> PaS�ESSI�N AND MAIiVTENANCE QF THE PR�PERTY. Bvrrvwer and Trustor agree that �orrower's and Trus�ar's <br /> possession and use o�the Property shall be gaverned by�he�Following pravisions: <br /> Possession and Use, Un�il the occurrence of an E�ent of Default, Trustor may �1} remain in poss�ssian and <br /> cantrol of the Proper�y; {2� use,operate or manage the P�aperty, and �3f colleGt the f�ents�ram the Property. <br /> Duty tv lUlaintain. Trustor shall rnaintain the Praperty �n tenantable condi�ian and promp�fy perf�rrn all repairs, <br /> rep�acements, and maintenance necessary�o pres�r��its►�alue. <br /> Carnpiiance With EnvirQnmental Laws. Trustor represen�ts and warrants to Lender that: �1} Dur�ng fhe periad of <br /> Trustor"s ownership�f the Propertyr thers has heen n� use, generation, manu#ac�ure,storage,treatment, disposal, <br /> r�lease or threatened release of any Ha�ardvus 5ubs�ance by any person on, under, about or �rom the Praperty; <br /> {�} T�ustor has na knowledge ��. ar reason to �elieWe that th�re has b�en, ex�ept as pre�ivusfy disclased to and <br /> acknowled�ed by Lender in v�►ritEng, �a} any breach or �io�ation ❑f any En�iranmental Laws, [b} any use, <br /> generati�n, manufacture, s�orage, treatment, disposal, release or threat�ned re��ase ❑f any Hazardous Subs�Cance <br /> on, und�r, about or from the Prvperty by any prior owners or accupants o� �he Pr�perty, o� �cy any actual or <br /> threatened litigatian �r c�aims of any kind by any person relating to su�h matters; and (3y ExGept as preWiausly <br /> dis�fosed ta an� acl�nowledged by Lender in wri�ing, �a� neith�r Trustar nor any tenant, contractor, agent or vth�r <br /> authorized user of the Praperty shall use, generate, manu�acture, stvre, #reat, dispvse of�r re�ease any Hazardaus <br /> Substance on, under, about or from�he Prnperty; and tby any such a�tivi�y shall �e cvnducted in camp�iance with <br /> all applicable federal, state, and Ivcal 1aws, regulatians and ordinanc�s, including withau� lirnitation all <br /> Envir�nmental Lavvs. Trus�or auth�rizes Lender and its a�en�s �o ent�r upon fihe Properfiy to mak� such <br /> inspectians and ��sts, at Trustar's expense, as Lender may d��m appropriate to determine campliance of the <br /> Prope�-�ty with �his sectian o�F the ❑eed ❑f Trust. Any inspections ❑r �ests made by Lender shafl b� �or Lender's <br /> purposes�nly and shall no�be construed to creat� any responsibility ar liability on the part❑f Lender to Trustor ar <br /> ta any ather p�rson. The r�presentations and warranties contained herein are based on Trus�or's due diligen�e in <br /> investigating the Proper�y �or Hazardous 5ubstances. Trustor hereby {1 y releases and v�rai�es any future ciaims <br /> aga�ns� Lender f�r indernnity❑� contribution sn �the event Trustar becomes lia�fe for cleanup or other��sts un�ler <br /> any such faws; and ��� agrees to indemnify, defend, and hQEd harmless Lender against any and all claims, Ivsses, <br /> IiabiEities, damagcs, penal�ies, and expenses which Lent�er may direct[y or indirectly sustain ar suf�er resulting frorn <br /> a hreach of this section of the Deed o�Trust or as a cansequen�e of any use, gen�ra�ion, manufacture. storage, <br /> �lispasal, release or�hreatened release occurring prior ta Trustar's ownership or interest in the Pr�per�y, whether or <br /> not the sarne was or should have been lcn�wn ta TrusCar. The pro�isians ❑f this s��tion ❑f �the Deed of Trust, <br /> includin�the�bli�ation ta ind�mnify and defend,shall survive the payment of the Indeb�edness and the satisfaction <br /> and recon�eyance of th� lien of this aeed of Trust and shali nat be affec�ed b�r Lender's acquisition of any interest <br /> in the Property, whether hy�oreclasure�r o�herwise. <br /> Nuisance, Was#e. Trustor sh�ll not cause, �onduct or permit any nuisan�e nor �amrni�, perrnit, or suffer any <br /> strippin� of �r waste vn or to the Praperty or any p�rtion of the Property. Vllithaut limifiing the g�nerali�y of the <br /> �oregoing, Trustor v�ill not remove, or grant to any other party the right ta rem��e, any timber, minerals �includin� <br /> al and gas}, G�al, c�ay,scaria, sail, gravel or ro�k produc�s without Lender's prior written Gonsent. <br /> Rema�al�f Impr��ements. Trustor shafl nat dernolish�r remo�e any Impra�em�nts from th� Rea[Property without <br /> Lender's pri�r w�itten consent. As a�vnditivn to the r�mo�al of any Improvemen�s, Lender may require Trustvr�v <br /> make arrangernen�s satisfac#ory ta Lender #o rep{ace such lmprovements with Impr��emen�s of at leas� equal <br /> �a1ue. <br /> Lender's Righ#tu En�er. Lender and Lender's agents and representati�es may en�er upon the R�aI Property at all <br /> reasonable times ta attend �o Lender's in#erests and t� insp�ct th� R�al Property fvr purposes nfi Trustor's <br /> compliance wi�h�he terms and conditions o�f this Deed Qf Trust. <br /> Compliance with Gov�rnm�n�kal Requiremenfis. Trustor shal� promptly cornply v+rith al� �aws, ordinan�es, and <br /> r�gulatians, now ar herea�Fter in effect, of all go�ernmentaC authorities a�p�icable to �he use or ��cupancy of the <br />