|
. �,
<br /> � 2� 1 ��2298
<br /> DEED �F TRUST
<br /> Laan No; �D'I�85743 {Cont�nued} Page �
<br /> DEED�F TRUST IS G�VEN AND A�CEPTED�N THE F�LLDWING TERMS:
<br /> PAYN[ENT AND PERFDRNIANCE. Except as otherwise pro�ided in this Deed o� Trust. Trustor shali pay tv Lender all
<br /> amounts secured by this ❑eed o# T�ust as they becnme due, and shall stri�tEy and in a timely manner perform a[E a#
<br /> Trus�or's a�[igatians under the Nvte. this ❑eed of Trust. and the Re�ated Documents.
<br /> P�5SES5i�N AND MAINTENANCE �F THE PR�PERTY. Trustor agrees that Trustor`s possessian and use ❑f �he
<br /> Property shaEl be gv���rned by the fo[Iowing provisions:
<br /> Possession and Use. Until the ❑c�urrence a� an Event ❑f Defau[t, Trustor may {�} remain in posssssion and
<br /> controi a�the Prvperty; t2} �lSP.r vperate or manage the Prop�rty; and 43� coflec�the Rents fram�he P�operty.
<br /> Duty ta iUlain#ain. Trus�or shall maintain the Property in good cvnditian and pramptly p�rfarm all repairs.
<br /> r�placemen�s, and main�enance necessary to preser�e Ets�alue.
<br /> Campfiance Wi#h EnvironmentaI Laws. Trus�ar represents and r►varrants to Lender that: {�} ❑uring the periad of
<br /> Trustar's�wne�rship a�F the Property� there has been no use. generation. manu#acture, storage� treatment. disposal,
<br /> re[�as� ❑r threatened release of any Hazardvus Substance by any petson an, under, about vr from the Proper�y;
<br /> {�} Trus�or has no knawledge o�, v� reas�n to believe tha��there has been, except as pre�iausly disc�vsed to and
<br /> acknow[edg�d by Lender in writing� {a� any breach or vio�ation v�F any En�iranmental Laws, 4�� any use.
<br /> generativn, manu�ac�ure, storag�, treatment, dispvsa�, release or threatened r�Iease o� any Hazardous 5ubstance
<br /> on, under, about �r fr�m the Praper�y by any prior owners ar occupants of the Property, ar tc} any actua� ar
<br /> threatened litigation o� claims �� any kind by any person telating �❑ such matters; and {3} Exc�pt as pre��ously
<br /> discEosed t❑ and acknawfedged by Lender in writing, �ay neither Trustar nar any tenant, con�ractor, agent or other
<br /> autharized user o�the Proper�y sha�� use, generater manufacture. store, trea�, dispase of or re[�ase any Wazardous
<br /> Substance on, under, about or�Fram the Prvperty; and �b} any such acti�ity shall be cvnduc�ed En compliance wEth
<br /> a!! appli�able �ederal, state, and lacal laws, r�gu�ations and ordinances; including wEthou� limi�ativn all
<br /> En�iranmental Laws. Trus�a� authorizes Lender and i�s ag�nts tv �nter upon �he Praperty '�a make such
<br /> inspsctions and tests, at Trustor's expense, as Lender may deem apprv�riate �o determine �vmpliance o� the
<br /> Praperty wi�h this sectivn a�the ❑eed ❑f Trust. Any inspect�vns ❑r tests made by Lender sha[[ he for Lender's
<br /> purposes an�y and shall not be construed�o �rea�e any r�sponsibi[ity or liabiIity❑n the par#of Lender to Trus�or vr
<br /> tv any afihe� person. The representations and warran�ies con�ained herein are based on Trustor's dus diligence in
<br /> in�es�igating the Property for Hazardous 5ubs�ances. Trustar her�by [1} refeases and waives any future claims
<br /> aga�nst Lender �Fvr indemnity or contribution in the e��nt Trustor b��om�s Iiable for c�eanup ❑r other �osts under
<br /> any such laws; and �2� agrees tv indemnify, de�end, and hold harmfess Lender against any and a!i c�aims, lvsses,
<br /> iiabilities, damages, penalties. and �xpenses wh�ch Lerid�r may directly❑r indirectly sustain or suffer resu[ting �ram
<br /> a breach o�thi$ sectian af the �eed o� Trust vr as a cvnsequence vf any use, genera�ton, manufacture, storage,
<br /> disposaI, release❑r threatened release occurring pri��to Trustor's�wnsrship or interes��n the Property. whether vr
<br /> not the same vvas ar sh�uld ha�e been known to Trustar. The prv�isions o�f this section of the Deed of Trust,
<br /> including the obligation to indemnify and de#end, shai!sur�i�e the payment o�the Indeb�edness and the sa�isfa�t�on
<br /> and rec�nveyance❑f the lien of this I]eed vf Trust and shal! not be aff�c�ed by Lender's a�quisition of any interest
<br /> in the Property, whether by forec�asur�❑r otherwise.
<br /> Nuisance. �1laste. Trustor shall not cause, conduct ❑r permit any nuisance�nor commit, permit, ❑r su�te� any
<br /> stripping of or waste on or to the Prvperty or any por�ivn af the Property. 1Nithaut limiting the genera[i#y o�the
<br /> ��reg�ing� Trustor►rvi[E not remove. ar grant�v any other party the ri�ht t� remoWe, any timber, minerals 4inciuding
<br /> oiE and gas}, caal, ciay, scoria, soil, grave[�r roc[�products withaut Lender's pr�or written consent.
<br /> RemoWal of Imprdvemen#s. Trus�or sha�l not demolish or remov�any imprvvemen�s from the ReaC Property withou�
<br /> Lender's pr�ar written consent. As a condition tv the r�ma�al o�any �mprovements, Lender may require Trustor to
<br /> mak� arrang�ments satisfa�#ory #� Lender to rep�ace such Impravements with Imprvv�ments of at �east �qual
<br /> va[ue.
<br /> Lender's R�ght to En#er. Lender and Lender's agents and representati�es may en�er upvn �he Rea! Property at all
<br /> r�asonabfe �imes to attend to Lender's interests and to inspect the Rea[ Property for pu�poses a� Trustor's
<br /> comp�iance wi�h the terms and conditivns of this Deed of Trus�.
<br /> Compliance with Gvvernmenta� Requiremen#s. Trustor shal� pr�mp�ly comply with al� �aws, ❑rdinancesr and
<br /> tegulations,� nvw ar hereaft�r in ef�ect� ❑� aii governmental autharities app[icabie t� the use or a�cupancy ❑f �he
<br /> Proper�y. Trustor may�ontest in g�vd#aith any such [aw, ordinance, o�regu�ation and withhvld Gampliance during
<br /> any proceeding. inc�uding appr�priate appeals, s� iong as Trustor has nvtified Lender �n wri�ing prior to doing so
<br /> and sa lang as, in Lender's saie op�nion, Lender's in�erests in the Property are no��eopardized. Lender may require
<br /> Trustor to post adequate secu��ty or a surety band. reasonably satisfactory�o Lender,.�o pratect Lender's interes�.
<br /> Duty �o Protect. Trustvr agrees neither ta abandon or �ea�e unattended the Praperty. Trustar shalf do all other
<br /> acts, in additivn ta thas� acts set forth above in this secti�n, which from the character and use af the Prop�rty are
<br /> reasonably necessary tv protect and preser�e the Prope�ty.
<br /> DUE QN SALE-CQNSENT BY LENDER. Lender may, at Lender's option, dec[are immediate�y due and payable all sums
<br /> secured by this Deed of Trust upan the sa�e or transfer, without Lender's prior written consent, ❑�a11 or any part of the
<br /> Real Property, vr any interest in the Real Property, A '`sale❑r trans�er" means the conWeyance a# Rea! Property vr any
<br /> right, �itle ❑r interest in the Reai Property; whether lega[, beneficiaf ❑r equi�ab[e; whether �o[un�ary ar inWaluntary;
<br /> �
<br />
|