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2� 1 �� 14�5
<br /> DEE:D �F TRUST
<br /> Lvan No: 1�'i�93�96 ���onti�ued� Page �
<br /> interest in and to aI� present and �u�Cure leases o� the Property and alI Ren�s #rom the Pr�perty. ln addi�ion, Trus�or
<br /> gran�s to Lender a Uniform �ommercia[ �ode se�urity interest in the Persanai Proper�y and R�nts.
<br /> TH1S DEED �F TRUST, �NGLUD�NG THE ASS�GNN[ENT�F RENTS AND THE SECURITY iNTEREST iN THE RENTS AND
<br /> PERS�NAL PROPERTY, !S GIVEN TD SECURE {A} PAYMENT �F THE INDEBTEDNESS AND {B} PERF�RMANCE �F
<br /> ANY ANi] ALL DBLI�ATl�NS UNDER THE N�TE, THE RELATED ❑DCIJNiENTS. AND THIS DEED OF TRUST. TH�S
<br /> DEED�F TRUST IS G�VEN AND ACCEPTED DN THE F�LL�VIIING TERMS:
<br /> TRIJSTDR'S REPRESENTATIDNS AND �ARRANTt�S. Trustor warrants that: {ay �his ❑eed af Trust is ex�cuted a�
<br /> Barrvwer's �-eques� and no� a�the request ot Lender; {b} Trus#or has the full pawer. right, and authority t� enter in��
<br /> this ❑eed a� Trus� and to hyp�the�a�e �he Proper�y; {c} the prvvisi�ns of th�s �eed of Trust do not conflict with, or
<br /> resul� in a defaul� under any agreement or o�her ins�rument binding upvn Trusto� and da not result in a �ialation vf any
<br /> �aw, r�gulation, caurt de�ree or ❑rder app�icable tv Trustar; tdy Trustar has estab[ish�d adequate means ❑t obtaining
<br /> from Borrower an a continuing basis informa�ion al�out gorrower's �inan��a� cvndi�ion; and �e} Lender has made na
<br /> representa�Ean ta T�us�vr about Bvrrow�r{in��uding vvi�thout EEmitatian the creditwar�hiness of 6ar�-vwer}.
<br /> TRUST�R'S WA�VERS. Trustar wai�es ali r�gh�s ar defenses arising by reason o�any "ane action" or "anti-deficien�y"
<br /> iaw. ar any �ther law whi�h may pre�en� Lender f�vm hringing any action against Trustor, including a claim �For
<br /> deficien�y to fihe extent Lender is otherwise en�i�led t❑ a c�aEm for d��iciency, �e-Fore ar after Lender's cammencement
<br /> ar comp[etE�n of any forecl�sure action. either judiGi�lly or by exercise❑�a power o�F sa[e.
<br /> PAYMENT AND PERF�RMANCE. Excep� as o�herwise provided in this D�ed of Trust, Borrawer shall pay to Lender a!!
<br /> lndebtedness s�cured by this Deed of Trus� as it be�omes due, and Bo�-�-ower and Trustor shal� p�r�orm all their
<br /> respec�ti�e obiigafi�ons under th� No�e,�h�s Deed of Trust, and�he R�lated Documen�s.
<br /> P�SSESSI�N AND MAlNTENAN�E �F THE PR�PERTY. Barrower and Trus�ar agre� that Bor�ower's and Trustor's
<br /> possessivn and use�f the Prvpsrfiy shai� be ga�erneci by the fio�Evwing prv�isions:
<br /> Pvssession and Use. Unti[ the occurrence of an E�en� o�F Default, Trustvr may �'1} remain in pass�ssion and
<br /> �vntral a�the Praperty; �2y use, operate❑r ma�age the Property; and t3y collect the Rents�rom�he Praperty.
<br /> Duty ta MaEntain. Trustar shali mainta�n the Prvperty in �tenantabie cvndit�on and prvmptly perform a[I repairs,
<br /> replacements, and maintenance necessary��pr�serve Ets va�ue.
<br /> Compliance V�ith En�ironmentai Laws. Trus�or represents and warrants �a Lender thafi: ��} During the pe�ivd o�
<br /> Trustor's vwnership�f�he Property, there has be�n no use, generatEan� manufacture. s#orage. treatment, dispvsaf,
<br /> release or threafiened release o-F any Hazardaus Subs�ance by any person on, under, about or #rom the Praperty;
<br /> {�} Trus�or has nv knowledge o�, vr reason �o belie�e that there has heen, except as pre�i�usfy dEsclos�d to and
<br /> acknaw�edged by Lender in writing, �a} any br�ach or �EaEatian of any En�ironmentai Laws, tby any use,
<br /> generatEon, manufac�ure, s�orage, treatment, d�sposa[, reEease or threat�ned release o� any Ha�ardous Substan��
<br /> an, under� abflu� �r tram the Property by any prio� ❑wners �r ❑ccupants o�f the Praperty� or {cj any actua! ❑r
<br /> threatened iitigation or claims ❑f any l�ind by any person rela�ing to such matters; and �3} Except as pre�E�usiy
<br /> disclosed�o and acknowledged �ay Lender in wr�ting, {a� neither Trustor nor any tenant, cont�actor, agent or o�her
<br /> authorized user o��he Proper�y sha[� use, generate, manufacture, stare� �reat, dispas� vf ar re�ease any Hazardous
<br /> Substance vn, under, about❑r�ram the Praperty; and {b} any such acti��ty sha�i he conducted in c�mpiiance wEth
<br /> all applicable �ederai, state, and loca[ �aws, regufations and ordinanc�s, inciuding wifihou� �Emitation all
<br /> Environmentai Laws. Trustor authoriz�s Lender and its agen�s �o enter upon the Praperty �o make such
<br /> inspectEons and �es�s, at Trustar's expense� �s Lende� may deem app�opr�ate tv determine comp[Eance of �he
<br /> Property with this sect�on o�F�he ❑eed o� Trust. Any insp�ctions or �ests mads by Lender shall be for Lender's
<br /> purposes anly and shal[ not be consfirued tv crea�e any responsibili�y or liability ❑n the par�of Lender�o Trustor vr
<br /> �o any oth�r persan. The representati�ns and warranties contained herein ar� based vn T�-ustor's due diligence in
<br /> inves�igating �he Pr�perty �or Haza�dous Suhs�ances. Trus#or hereby {'i} reEeases and wai�es any fu�ure claims
<br /> against Lender #vr indemnity or contribution in the e�ent Trustor �ecnm�s [iabfe €a�- cleanup ar vth�r costs under
<br /> any such [aws; and ��} agrees to indemnify, d�et�nd, and haEd harm��ss Lsnder against any and a�I claims, �osses,
<br /> liabilities, damages, penalt�es, and expenses whEch Lender may direct�y or indirec�ly sustain ❑r suf�e�-resui�ing frvm
<br /> a breach af�his se��ion o�the Deed o�Trust or as a consequence ❑f any use, generatianf manu�acture, storage,
<br /> dispasal, reiease or�hreatened release occurring prior to Trustor's ovvnership vr in�erest in the Property, whether ar
<br /> nv� the same was or should ha�e been knowr� to Trus�tor. The pro�isions ❑� this sec�ion ❑t the ❑eed of Trust.
<br /> in�luding the o�aliga�ian tv indemnify and de#end, shail sur�i��the payment o�f�he indebtedness and�he satisfactEon
<br /> and recon�eyance of the lien o��his Deed a#Tr�ast and shal� not b� affected by L�nd�r's a�quisition af any interest
<br /> in the Property, whe�her by fo�e�losure or vthe�wise.
<br /> Nuisance, 1Nas�e. Trustar sha[� not caus�, conduc� or permit any nuisance nor commit, permit, ar suffer any
<br /> stripping of or was�e on ar �o �th� Praperty or �ny portion of the Prvperty. Withaut iimi�ing the generalifiy vf the
<br /> �or�going, Trustar will no� remo�e, or grant t❑ �ny other party the right t❑ remove, any timber. minerals {including
<br /> oil and gas}, coai, c�ay, scoria, soil, gra�ei or roGk products withvut Lender's pri�r wri�ten consent.
<br /> Removal vf Impra�ements. Trustar sha�l nat demvlish or rema�e any 1mpr��ements from the Rea[ Property without
<br /> Lender's prior written cansent. As a condit�on�❑the remo�a� of any Improvements� Lender may require Trustor to
<br /> make arrangements satisfactvey �o Lender �o replac� such �mpro�emenfis with �mprovements of at least equal
<br /> �alue.
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