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<br /> Lender to protect the securiry�t the Note;(a)the pe�formance o}ell covenants and agreements of Trustor set Torth hereln;and(d)all
<br /> � prssent and future indebteclness ar+d obligationa of 8orrower(ur any of them if more than one)ta Lender whether dlrect,indirect,
<br /> absolute ov contingent and whether artsing by�ota,guaranry,overdralt ar atherwise.The Note,thls Deed pf Trust And any end eH
<br /> other dncuent9►hat secure the Note or otherwise executed In connection therewith,Including without limita�tian guarantees,sacu►iry
<br /> agreements and aasig�ments of leases and �ents,shall be reterred ta herein as th9"Loan Instruments".
<br /> T�uator covanants ano agrees wltn�ender as tollows:
<br /> 1. P�ym�aft ot Ind�bt�dn�si.All indebtedness secured horeby shall be paid when dus.
<br /> 2. Titl�.Trust�r la the oarner at the Property,has the rlght and authority to convey the Property,and warrants that the lien
<br /> created hereby is a firsl and prlor Ilen on the Property, except for liens and encumbrancea aet foRh by Trustor ln writing and
<br /> deUvered to Lender betore executlon of this Deed oi Truat,and the execution and deqvery of this Oeed of Trust does not violate any
<br /> contract or other obUgation to which Trustor is subject
<br /> 3. Tax�s.Aas�am�nh.To pay before delinquency all taxes,special assessments and ail other charges against the P�operry
<br /> now or hereatte►levied.
<br /> 4. In�unne�.To keep 4he Property insured against damage by tire,hazards included within the term"extended coverage",and
<br /> such other hazards as lender may�equire,in amounts and with companies acceptable to lender,naming Lender as an�dditional
<br /> named insured,wlth loss payabte to the Lender. In case of loss under such policies, the Lender is authorized to adjust,cotlect and
<br /> compromise,all claims thereunder and shall have the option of apptying all or part of the i�surance proceeds(i)to any indebtednsss
<br /> secured he�eby And in auah order as Lender may determine,(ii)to the Trusto�to be used fot the repair or restoration.of the Property
<br /> or(lii)tor any other purpose or obJecf satistactory to Lender without atfecting the lien of this Deed of Tn�st tor the tull amount secured
<br /> hereby before such payment ever took place.Any application of proceeds to indebtedness shall not extend or postpone the due
<br /> � date of�ny payments under the Note,or cure any detault thereunder or hereunder.
<br /> 5. Escrow.Upon written dema�d by Lender,Trustor shall pay to Lender,ln such manner as Lender may deslgnate,sufficient
<br /> sums to enabte Lender to pay as they beCOme due one or more o1 the iollowing•(i►a�l taxes,assessments and other chttrgas�galnst
<br /> the Property,(ii)the premiums on the property �nsurance requlred hereunder,and (iii►the premium9 on any mortgage insu�anGe
<br /> requited by Lender.
<br /> 6. Matnt�nanc�, R�pain and Complla�c� wllh Lawa. TrUStpr Sh811 keep th0 Proporty �n good condit�on and repatr; shall
<br /> promptty repair, or replace any improvemenl wh�ch mc�y ba damaged or destroyed; shall not comm�t or perrnit any waste or
<br /> rlatArinraf�nn�1�1tE P!^r?„°i!��;°!�81� ^Q� !�!.^.C'J�. '.j8tflC::S~ •• �'i •••••••••u.. u ������., n_ �j
<br /> t ou S.a,....u,��� w��8i u:f v.u�o ���i'vYo�i�8tlQ3 'vit uw r�3j38�'='j:aha� i��i
<br /> commit,suHe�or permit any act to be done in or upan t1�e Property�n v�olat�on of any law,ord�nance,or regulation;and shall pay and
<br /> promptly discharge at Trustor's cost an�expense all I�ene,encumbrancea and charges levied,imposed or assessed against the
<br /> Property or any part thereof.
<br /> 7. Emin�nt Domaln.Lende�is hereby assigned all co�npensation,awards,damages and other payments or reliel(hereinaRer
<br /> � "Proceeds") in connection with condemnation or other taking o1 the Property or pah thereof, or for conveyance in lieu oi • �
<br /> condemnation. Lendar shall be entitled at its option to comme�ce, appear �n and prosecute in its own name any action or �
<br /> proceedings,and shall also be entitled to make any compromise or settlement in connection with such taking or damage. In the
<br /> event any portion of the Property Is so taken or damaged.Lender shall have the option,in its sole and absotute discretion,to apply ; "�
<br /> all such Proceeds,after deducting theretrom alI costs and expenses lncurred by it in connection with such Proceeds, upon any i_l_
<br /> - indebieaness secure�i fiereioy and in sucn order as LenCer may determ(ne,or to apply att such Proceeds,after such deductions,to �:�°_='
<br /> ' the restoration of the Prope�iy upon such condiUons as Lender may determine.Any application of Proceeds to lndebtedness shall --
<br /> not extend or postpone the due date of any payments under the Note,oc cure any delautt thereunder or hereunder.Any unapplled i ;,
<br /> lunds shall be paid to Trustor.
<br /> 8. Pertormanc�by Lender.Upon the occurrence of an Event of Oefault hereunder,or if any act is taken or legal proceeding -
<br /> commenced which materially affects Lender's inlerest in the Property,Lender may in its own discretion,but without obligation to do
<br /> so,and without notice to or demand upon Trustor and without reteasing Trustor from any obligation,do any act which Trustor has •! _
<br /> agreed but tails to do and may also do any other act it deems necessary to proteCt the security hereoi.Trustor shall,immediateiy ��
<br /> upon demand therefor by Lender,pay to Lender all costs and expenses incurred and sums expended by Lender in connection with ;
<br /> the exercise by Lender of the foregoing rights,together with interest thereon at the detault rate provided in the Note,wHich shall be -
<br /> adde� to the indebtedness secured hareby. Lender shall not incur any liability because of anything it may do or omit to do
<br /> hereunder.
<br /> ' , 9. Hasardous Matedats.Trustor shall keep the Property in compliance w�th all applicable laws,ordinances and regutatlons
<br /> relating to industrlal hygiene or environmental protection (collectively reterted to herein as"Environmental Laws").Trustor shal{
<br /> keep the Property free from all substances deemed tv be hazardous or toxic under any Environmental Laws(collectively referred to ` �
<br /> � herein as"Hazardous Materlals").Trustor hereby warrants and represents to Lender that there are no Hazardous Materlals on or ''"
<br /> under the Property.Trustor hereby agrees to indemnify and hold harmless Lender,its directors,officers,employees and agents,and ��.
<br /> any successors to Lender's interest,irom and against any and all ctaims,damages,losses and liabilities arising in connection with
<br /> the presence, use,disposal or transport ot•any Hazardous Materials on, under,}rom or about the P�operty. THE FOREGOING �''��
<br /> �.`•':
<br /> WARRANTIES AND REPRESENTATIONS,AND TRUSTOR'S OBLIGATIONS PUr�SUANT TO THE FOREGOING INDEMNITY,SHALL �
<br /> SURVIVE RECQNVEI'ANCE OF THIS DEED OF TRUST. '
<br /> 10. Assi�nm�nt of R�nb.Trustor hereby assigns to Lender ths rents,issues and profits of the Property;provided that Trustor .
<br /> shall,untll the occurrence of an Event of Delaull hereunder,have the right to colleci and retain such rents,issues and profits as they
<br /> become due and payable. Upon the occurrence o}an Event of De}ault,Lender may,either in person or by agent,with or without
<br /> bringing any action or proceeding,or by a receiver appointed by a court and without regard to the adequacy of its security,enter
<br /> upon and take possession ot the Property,or any part thereof,in its own name or in the name of the Trustee,and do any acts whlch it
<br /> deems necessary or desirable to preser�e the value,marketability or rentability of the Property,or any part thereoi or interest tlierein,
<br /> increase the income therefrom or protect the security hereof and,with or without taking possession of the Property, sue for or
<br /> � otherwise collect the rents, issues and profits thereof,includ�ng those past dus and unpaid,and apply the same,less costs and
<br /> expenses of operation and celleCtion including attorneys'tees,upon any indebtedness secured heret�y,alI in such order as Lendor
<br /> may determine.The entering upon and taking possession of the Property,the collection o1 s�ch rents,issues and profits and the
<br /> application thereo}as aforesaid,shalt not cure or waive any detault or notice of default hereunder or invalidate any act done in
<br /> response to such default or pursuant to such notice of default and,notwithstanding the cnntinuance in possession of the Property or
<br /> the collection,rec9ipt and appiication o1 rents. issues or profits, and Trustee and Lender shall be entitled to exercise every right
<br /> provided tor in any of the Loan Inst�uments or by law upon occurrenca of any Event of Default,including without limitation the right
<br /> to exercise the power oi sa'.e.Further,Lender's rights and remedies under this paragraph shall be cumulative with,and in no way a �-'-�"``-`
<br /> limitation on.Lender's rights and remedies under any assignment o1 leases and rents recorded against the Property.Lender,Trustee '
<br /> and the receiver shall be liable to aCCOUnt only for those rents actualty received.
<br /> 11. Ev�nb o1 D�fauN. The followi�g shall constitute an Event ot Detault under th�s Oeed of Trust:
<br /> (a) Failure to pay any installment of princ�pal or interest pf any other sum secured hereby when due: �
<br /> (b) A breach ot cr default under any provis�on contamed in the Note,th�s Deed of Trust,any of the Loan Instruments.or any
<br /> other lien or encumbrance upon thg Property;
<br /> (c) A wnt o1 execution or attachment or any similar�+rocess shall be entered agamst Trustor wh�ch shall become a lien on �
<br /> L the Property or any portion thereof or interest therein:
<br /> (d) There shall be filed by or against Trustor or Borrower an action under any present or tutu�e federal, state or other
<br /> statufe,law Or regul8tion relating to bankruRtCy. �nsolvency or other rel�ef tor debtors;or there shall be appo�nted any trustee, �,,,
<br /> ryC6rver or I�quidetOr Of T►uS10r or Bor�ower Ur of ell Or eny pert 01 the Property,or the rents,issues or profrts thereof.or TruSto� �
<br /> or f3orrower shau make any general�ssignrne��►to� iiiy bEint�l�t U1 Creditors,
<br />: (Q) Tho sale,transter, leaso,ass�gnmern,conveyance or turther encumbrance ot aU or a�y pa�t o� <�r �ny mterest �n the ��
<br /> hropQrty O�the� vUlunt2nlq or �nvoluntar�ly, without the expresS wniten consent �f LE>nder pmv�ded that Trustn� 9hall hQ 1. �
<br />: UbrmillCd t7 E!ItQCUiQ 8 fpBSQ 0� ihpl Ptf7�f:f1y ih01 CIUHS��UI f_Unf�7�r�:in qphUn tO pU�(��ilStf Br�Q I��P iP��n iif.yni�.h t10E'S��hi Pr<.P/'d
<br />- p��E1 yotlr.
<br /> �11 �1h:Ih�lU�in�4�nl u}Inr NrC,(7Ptty ht
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