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' ' 2� 1 ��� 173
<br /> DEED �F TRUST
<br /> Loan No: �D7 29$9�5 {�ontinued} Pag� �
<br /> THlS DEED aF TRUST, lNCLUD�NG THE ASSIGNMENT nF RENTS AND THE SECL]R[TY INTEREST IN THE RENTS AND
<br /> PERS�NAL PRDPERTY, �S GIVEN T❑ SECURE {A� PAYMENT �F THE INQEBTE�]NESS AND �[B} PERFORMANCE �F
<br /> ANY AND ALL �BLIGATI�NS UNDER THE N�TE, THE RELATED DDCUMENTS, AND THiS D�EED �F TRUST. THIS
<br /> DEED�F TRUST iS G1VEN AN❑ACCEPTED�N THE F�LL41N1NG TERN[S:
<br /> TRUST�R'S REPRESENTATl�NS AND 1JVARRANTIES. Trus�vr warrants that: {a} this Deed of Trust is executed a�
<br /> Bvrrvwer's request and not at the request ❑f Lender; �b} Trusfar has the fu[[ pvwer, righ�, and authori�y to enter in�o
<br /> this ❑e�d of Trust and t❑ hypv�hecate the Property; {c� the pro�isions of th�s �eed of Trust do nat conflict with, ar
<br /> result in a default under any agreement❑r other instrument bind�ng up�n Trustar and do nofi re�ult in a �iolation of any
<br /> law, regula#ion, court decree a�- ❑rder applicab[e t❑ Trustar; {d� Trustor has established adeqL�ate means of vbtaining
<br /> tr�m 6ar�-ower on a continuing basis information about Borrower's tinancial candi�ion; and ��} Lender has made no
<br /> representativn tv Trustor aboufi Borrower �incfuding wi�hout limitation th� creditworthiness of Borrower�.
<br /> TRUSTQR'S WAIVERS. Trustor wai�es aI[ rights ❑r defenses arising by reason vf any "one action" ar "anti-deficiency"
<br /> law, or any other �aw which may pr��ent Lender fr�m hringing any action against Trus�tor, including a c[aim for
<br /> de#i�iency�a the extent Lender is otherwise en�i�led to a cfaim for deficiency, before or after L�nd�r's cammencement
<br /> or campletion vf any fareclosure action, �ither judicia[[y❑r by exercise of a pawer fl�sale.
<br /> PAYMENT AND PERF�RIVIANCE. Except as otherwise prv�ided in this D�ed of T�ust, Bvrrower and Trustor shall pay to
<br /> Lender a�E lndehtedn�ss se�ured by this Deed ❑f Trust as i� becomes due, and Borrower ar7d Trustor shall stric�ly
<br /> perform ali their respecti�e obligations under#he Note,this Deed of Trust, and the Related Docurnents.
<br /> POSSE551QN AND MAINTENANCE �F THE PR�PERTY. gorrower and Trustar agree that Bo�rower's and Trustor's
<br /> possession and use of the Property shall be gv��rned by�he following pr��isions:
<br /> Passession and use. Until �he occurrence af an E�ent vf Default, Trustar may ��} rei�nain in possession and
<br /> control of�he Property; {2} us�, ❑perate or manage�he Property; and �3y callec�the Rents from the Prop�rty.
<br /> Dufy tv Maintain. Trusto� sha[I maintain the Property in tenan�able cvndition and prom���ly per�form a�i repairs,
<br /> replacemen#s, and maintenance necessary to preser�e its�aEue.
<br /> Comp�ian�e V1�ith Enviranmentai Laws. Trus�or represents and warran�s to Lender that: ��} During the period �f
<br /> Trus�or's ownershEp❑��he Property, there has been no use, generatian, manufa�ture, storage, �rea�ment, disposa[,
<br /> release or threatened release ❑f any Hazardaus Substanc� by any person ❑n, under. ab���t ❑r from the Praperty;
<br /> ��} Trustor has no knowledge af, ❑r reasan to E�elieUe�hat there has been, except as pr��iously disc[osed t❑ and
<br /> acknowEedged by Lender �n writ�ng, �a} any b�each or �iolativn of any En�ironmental Laws, �b} any use,
<br /> generation, manufacture, s�orage, treatmenfi, disposal, release �r threatened release of any Hazardous Substance
<br /> vn, under, about or �ram the P�-operty by any prior owners vr ❑ccupan�s ❑f the Prvperty, �r ��} any actua� or
<br /> �hreatened li�igation or cia�ms �f any kind by any person relating ta su�h matters; and t�3� Exc�p# as pre�sously
<br /> dEsc�osed tv and acknawiedged by Lender in ►nrri�ing, {ay neither Trustor nvr any tenant, ccrntractvr, agent❑r oth�r
<br /> authorized user of the Property shall use, gen�rate, manufacture, sfiore, tr�at, dispose of or release any Hazardous
<br /> Substance on, under, abvut or from the Property; and ��} any such acti�ity shall be c�nduc�ed in compliance with
<br /> all applicab[e fied�ra�, state, and Ivca[ laws, regula�ions and ardinances, inc[uding without [im�tatifln all
<br /> En�irvnmenta� Laws. Trustor authorizes Lender and its agents t❑ ente� upan �he F'roperty to make such
<br /> inspecti�ns and ��StS� afi T�'1.15�Orl5 exp�nse, as Lender may deem apprapriate ta defiermine comp�iance of the
<br /> Property with-this sec#ion of the Deed af Trust. Any inspections or �ests made by Lender shal� �e for Lender's
<br /> purpases on[y and shall not be const�ued fio c�-eate any responsibility or liahility an the par�of Lender�o Trustar or
<br /> to any other person. The representations and warranties cantained herein are based on Trustvr's due diligence in
<br /> �n�estigating the Property tar Hazardous 5ubstan�es. Trustor hereby ��} re�eases and �nrai�es any future c[aims
<br /> against Lender fv� indemnity or con�ributivn in the e�ent Trustor becames I�able far cleanup o� ofiher cos�s under
<br /> any su�h laws; and {2} agrees ta indemnify, de#end, and ho�d harmless Lender against any and all �laimsr [osses,
<br /> liabili�ies, damages, penalti�s, and expenses which Lender may directly�r indirect[y sustain or suffer resu[ting from
<br /> a breach ❑f this se��ion ��#h� ❑eed ❑f Trust ar as a cor�sequence at any use, generation, manufacture, storage,
<br /> dispasa[, refease❑r threatened release occurring prior�a Trustor's ❑wnership ar interest in�he Property, whefiher vr
<br /> not the same was vr shou[d ha�e been known to Trustor. The pro�isians ❑f �his sectio� ❑f the Deed of Trust,
<br /> inc[uding the obligatian�o indemnEfy and d�fend, shafi sur�i�e the pay�nent af the lndebtedr�ess and the satisfac#ian
<br /> and recon�eyanc� of the [ien af this Deed vf Trus� and sha[[ nat be affected by Lender's a�:quisi�ion ❑f any in#erest
<br /> in the Prope�ty, whethe�-by forecfosure❑r❑therwis�.
<br /> Nuisan�e, Vl�aste. Trustor shall not cause, c�nduct vr permit any nuisan�e nor commi-t, permit, ❑r suffer any
<br /> stripping of ❑r waste ❑n or to the Property or any partian a� th� Property. Without limiting fihe generality of the
<br /> f�regoing, Trustor wi�l n�t remo�e, �r grant to any other party the right ta remo�e, any ti�r�her, min�rals �inciuding
<br /> oil and gas�, coa[, cEay, scoria, soil, gra�eE ar rock produc�s without Lender's prior written cvnsent.
<br /> Remvval of Imprvvements. Trustor shall no�demvlish❑r remo�e any lmpro�ements frvm t��e Real Property wi�hvut
<br /> L�nder's prior w�-itten consenfi. As a condition�a the remaval of any �mprovements, Lender may require Trusfior fi❑
<br /> mak� a�rangements satEsta�tary t❑ Lender to r�p[ace such lmpro�ements wi�h lmpra�ernents ❑f at Ieast equal
<br /> �aiue.
<br /> L�nder's Right tv Enter. Lender and Lender's agents and representati�es may enter upan the Real Praperty at all
<br /> reasonable times �a attend ta Lender's interests and tv inspect �he Real Property far purpases of Trustar's
<br /> compliance with the terms and cvnditions of fihis Deed ot Trust.
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