|
2� 15�7422
<br /> DEED �F TRUST
<br /> Lvan Nv: 'i�'i�9�'14� �Continued} Page 2
<br /> grants to Lender a Unifivrm Cvmmercia! Cvde security interest in the Personal Property and Ren�s.
<br /> THIS DEED �F TRUST, INCLUDING THE A551GNIVIENT❑F RENTS AND THE SECtJR�TY INTEREST !N THE RENTS AND
<br /> RERSDNAL PRDPERTY. 15 GIVEN T� SECURE �A� PAYMENT �F THE �NDEBTEDNE55 AND tB} PERF�RMANCE OF
<br /> ANY AND ALL DBLIGAT��NS UNDER THE N�TE, THE RE�.ATED D�CUMENTS, AND TH1S DEED ❑F TRUST. TH�S
<br /> DEED DF TRUST IS G�VEN AND A�CEPTED�N THE F�LLDIN�NG TERMS:
<br /> PAYIIJIENT AND PERFOR�ANCE. Except as othe�wise prv�ided in fihis Deed o� Trust, Trustvr sha�! pay �o Lender aEl
<br /> amounfis secured by fihis Deed ❑f Trusfi as they become due, and shaE� stric�ly and in a time�y manner perform a�l of
<br /> Trus�or's vbiEgations under�he Nvte,�his Deed of Trust. and the Rela�ed Documen�s.
<br /> PDSSESSI�N AND MAINTENAN�E OF THE PRaPERTY. Trustar agrees tha� Trustor's possession and use af the
<br /> Proper�y sha�� be go�erned by�he�o��owing pro�isions:
<br /> Possession and Use. Until the occurrence o� an E�en� af Default, Trustar may ��y remain in possession and
<br /> �vntrol af the Prvperty; �2� use, ❑perate or manage the Property; and �3} collect the Rents from the Property.
<br /> Duty to Main�ain. Trustor shall maintain fihe Property in tenantable conditivn and promptly perfarm all repairs,
<br /> replacements, and maintenance necessary to preser�e i�ts�alue.
<br /> Compliance V�li�h En�irvnmentaI Laws. T�-ustor represen�s and warrants ta Lender that: ��} DurEng �he period ❑f
<br /> Trusfivr's awnership of�he Property,�here has been no use, generativn, manufacture, stora�e,treatmen�, disposal,
<br /> refease o�-�hreat�ned release ❑f any Hazardous Substance by any persvn on, under, about or �rom the Property;
<br /> �2} Trustor has n❑ knvwledge a�, ❑r reasan tv belie�e �hat�here has heen, except as pre�ivusly disclvsed fia and
<br /> acknowfedged by Lender in writing, �a} any �reach �r �iolafiion �� any En�irvnmen�al Laws, �b} any use,
<br /> generation, manufae�ure, storage, treatmenfi, dispasal, release or�hreatened release a�f any Hazardaus Substance
<br /> on, under, abou� or fram the Property by any prior awners vr occupants of fihe Prvper�y, ❑r [c} any ac�ual ar
<br /> threa�ened litigatian ar cEaims o� any kind by any persan relating �a such matters; and �3} Ex�ep� as pre�iously
<br /> disclased t❑ and acknowl�dged by Lender in writing, �ay neither Trustvr nvr any tenanfi, �an�ractor, agent or other
<br /> authorized user vf the Property shall use. generat�, manu�acture, store, #rea�, dispose❑f or release any Hazardous
<br /> Substan�e on, under, about or fram the Property; and �b} any such acti�ity sha�� he canducted in campEiance with
<br /> all applicable federal, s�a�e, and Iacal �aws, r�gula�ians and ❑rdinances, including wi�haut limitation all
<br /> En�ironmental Laws. Trustor authori�es Lender and its agents to enter upvn the Praperty t❑ make such
<br /> inspections and tests, at Trustor's e�pense, as Lender may d�em appropriate tv determine cvmpliance af the
<br /> Pro�er�y wi�h this sec�ion ❑��he Deed ❑f Trust. Any inspections ❑r tests�rnade hy Lender shall be far Lender's
<br /> purposes anfy and sha�i nofi be canstrued ta create any responsibili�y�r liabili�y ❑n�he part o�Lender ta T�-ustor or
<br /> �❑ any ❑ther person. The representations and warranties c�ntained herein are based on Trus�tvr's due difigence in
<br /> in�estEga�ing the Prvperty for Hazardous Substances. Trustvr herehy ��y releases and wai�es any fu�ure claims
<br /> against Lender fvr indemnity or contributian in the e�ent Trus�or becames liable for cleanup or ather casts und�r
<br /> any such laws; and �2} agrees�o indemnify, de�end, and hold harmless Lender against any and all �laims, Iosses,
<br /> lia}�ilities, damages, penalties, and expenses which Lender may dire�tly or indirectly sus�ain ar suf�fe�-resuE�tng�ram
<br /> a breach a#this section of�he Deed a�Trust or as a consequence vf any use, generation, manu�a�ture, storage,
<br /> disposal, release or threatened release occur�-ing prior ta Trus�or's ownership vr interest in the Property, whether❑r
<br /> not the same was or should ha�e been known tv Trustor. The prv�isions ❑f�his secfiivn vf the ❑eed of Trus�,
<br /> including the obliga�ion to indemnify and defend, shall sur�i�e the payment of the lndebtedness and�he satis�action
<br /> and recon�eyance af the lien ❑f this Deed af Trus�and shall na�be af�e�ted by Lender's acquisitian o�any interes�
<br /> in the Property, whe�her by�oreclosure❑r otherwise.
<br /> Nuisance, Vlraste. Trus�vr shall not cause, conduct or permit any nuisance nar cammit, permit, or suffer any
<br /> stripping vf or waste vn ar to the Prvperty ar any portion a��he Praperty. Vlli�hvut limiting the generali�y af the
<br /> �o�egving, Trustor vvill not remo�e, or gran�to any vther par�y the right�v remo�e, any t�mber, minerals {including
<br /> aii and gas}, coal, clay, scor�a, soil, gra�el vr rvck products wi�hou�Lender's prior written consent.
<br /> Remo�al o�F�mprovements. Trustor shall not demofish ar remo�e any lmpro�ements frvm�he Real Praperty wi�hvut
<br /> Lender's prior written consen�. As a condi�ian�o the remavaf o#any lmpro�ements, Lender may require Trust�r to
<br /> make arrangemen�s satisfac�ory �o Lende�- to replace such �mprv�emen�s wi�h Impro�ements af at least equal
<br /> �alue.
<br /> Lender's Right f❑ En�er. Lender and Lender's agen�s and �epresentati�es may enter upan the Real Property at al!
<br /> reasonabl� times to a�tend tv Lender's in�erests and to inspect the Rea� Prvperty �or purpvses ❑� Trustor's
<br /> comp�iance wi�h the terms and conditions o�this ❑eed of Trus�.
<br /> Gvmpiian�e with Governmentaf Requirements. Trustor shall prnmptly �amply wE�h all laws, ❑rdinances, and
<br /> regufations, now or hereafter in effec�, ❑f all go�ernmental authorities applicable #a the use ❑r occupancy o�the
<br /> Property, including withvut limitatian, the Americans Vllith D�sabilities Act. Trustar may �vntes� in good �ai�h any
<br /> such law, ordinance, or regulation and withhold cvmpliance during any prviceedtng, in�luding app�-opria�e appeals,
<br /> s❑ fong as Trustor has nvtified Lender in writing prior to doing s❑ and so �ong as, in Lender's sole opinian, Lender's
<br /> interests in the Property are nvt jevpardi�ed. Lende� may require Trusfior �v pvst adequate securi�y vr a surety
<br /> bond, reasonahly satisfactary�o Lender,to pro�ec�Lender's interest.
<br /> Duty to Prvtect. Trustor agrees neifiher ta abandvn ❑r lea�e unattended the Property. Trustor shaf[ do alI other
<br /> acts, in additivn fio�hvse acts set�or�h abo�e in this sectivn, which from the charact�r and use vf the Prvperty are
<br />
|