2� 17���81
<br /> �EE�3 �F TF�L]�1"
<br /> Loan �o; 1�'i 3fl'!��7 ��o��i�tu�d} Page �
<br /> FIJTURE AD1lANCES. !n addi�ivn �� the Note, this Deed o� Trust secures all �uture ad�ances mad� �y Lender �a
<br /> Barrower�r Trustor vu�ether or na��h� advances are made pursuant�a a commitmer�t. Specifically, withaut limita�ion,
<br /> this Deed �f Trust secures, in addition tv �he amaun�s specified in the Nate, all future amounts Lender in i�s discretian
<br /> may laan tv Borrower❑r Trust�r, t�ge�her with a�� in�eres��hereon.
<br /> Trus�or presen�t[y assigns to Lender �a1s❑ knovvn as B�neficiary in this Deed ❑f Trus�� a([ a� Trustvr's right, title, and
<br /> in�erest in and to all present and �uture leases af the F'raperty and a[l Rents ��am the Proper�y. In addition, Trustor
<br /> gran�s�o Lender a Uni€�rm Camm�rcial Code securifiy in��res�in the Personal Proper�y and Rents.
<br /> THIS QEED DF TRUST, IIVCLUDIN� THE ASSIGN�iIEIVT �F RENTS AiVC3 THE SECURITY INTEREST 1N THE RENTS AIVD
<br /> PERS�NAL PR�PERTY, 1S �[VEN TC� SECURE �A) PAYMENT �F THE �NDEBTE�NESS AIVD �B� PERF4RMAN�E �F
<br /> ANY AND ALL C�BL1�ATf�NS UPVDER THE NDTE, THE RELATED DDCUMENTS. AN❑ TH3S DEED DF TRUST. THIS
<br /> DEED (7F TRUST IS GIVEIV AN�ACCEPTED DN THE FC]LLD1i�l'[NG TERMS:
<br /> TRUSTOR'S REPRESE�VTAT[�NS AND 1�11'ARRAIVTlES. Trus�or in�arrants tha�: {ay �his Deed of Trus� is executed a�
<br /> �arrower's request and nat a� �he request af Lender; �b� Trustar has the full pawer, right, and au�harity �❑ enter intv
<br /> this D�ed ❑� Trus� and to hypatheca�e �he Prope�ty; �c� the prvvisions of this De�d of �rust do not cvn�(ict with, ar
<br /> resul� �n a �e�ault under any agreement �r ather instrum�nt binding upon Trustor and do not result in a viola�ion o� any
<br /> Iaw, regulation, court decree ar �rder app�icable t� Trustar; �d} Trustor has established adequate means of vbtaining
<br /> �rom Borrower on a cc�ntinuing basis in�arma�ian about Bc�rrawer's �inancial ct�nd'€tion; and ��� Lender has made no
<br /> represen�atir�n to Trustor aiaou� Barrower tincluding w€thaut limitation the credi�warthiness of Borrawer�.
<br /> TRtJST�R'S WAIVERS. Trustor viraiWes a�f righ�s or de�enses arising by reason o�any "ane action" or "�n�i-deficren�y"
<br /> [aw, ar any �ther law vvhich may p�e�enfi Lender �ram bringing any a��i�n against Trustt�r, inc[uding a claim for
<br /> de�icien�y t� the ex�ent Lender is ofiherwise en�i�led to a claim far d�ficien�y, hefore or after Lender's c�rnmencement
<br /> or cflmple�ion��any fareclosure actian, either judicial[y ar by exercise o�a pawer af sal�.
<br /> PAYMEIVT AND PERF�RIi�A�VCE. Excep�as o�herwise prouided in this Deed af Trust, Borrawer and Trustar sha�� pay�o
<br /> L�nder all �ndebt�dness secured by �his Deed �� Trus� as i�t becomes due, and Borr�wer and Trus�or shall strict�y
<br /> per�vrm all�I��ir respec�i�e obligat�ans under the Nate, ���s C�eed af Trust, and the Related C�acumen�s.
<br /> PC�SSE55CDIV AiVD 11�AINTEIVANCE �F THE PR�3PERTY. Borrovirer and Trus�kar agree that Borraw�r's and Trustar's
<br /> posse�sion and �s�af the Property shall be gv�erned by�he f�llowing pra�isivns:
<br /> Pnsses�ion and Use. L�n�il the occur�ence of an E�en� afi pe�au�t, Trustor may {1} remain in possessivn and
<br /> cantro�of the �'roperty; ��} use, aperate or manage the Prope�ty; and �3� eolle�t the Rents fr�m the Property.
<br /> Du�y ta fVlain�ain. Trustor shall nnair��ain �he Prop�r�y in ten�n�a�le �ond�tian. and p�amptly perform all repairs,
<br /> replacemen�s, and maintenance necessary to preser�e its va[ue.
<br /> Campliance Vllith EnWiranmen�al Laws. Trust�r represents and warr-ants t❑ Lender that: t 1} Quring �he pe��od of
<br /> Trus�or's ownership o�the Prop�r�y, �here has been nv use, generation, manufiacture, s�orag�, treatmen�, disposa[,
<br /> release ar �hrea�ened re�ease of any Hazardaus 5ubstance �y any persan vn, und�r, abvufi vr from �he Property,
<br /> t�} Trustor has �a knavv�edge o�, ar reason ta be��e�e tha��here has been, e�tcep� as pre�iously disclosed t❑ and
<br /> �c�nowledged by Lender in wri�ing, �a� any breach ❑r �iala�i�n o� any En��ronmental Laws, �Ia� any use,
<br /> genera�ion, manufacture, st�rage, treatment, d"rsposal, release ar threa�ened release of any Hazardous Substanc�
<br /> an, under, abou� or �ram the Praper�y by any priar awners ar occupants of the Property, ar �C} any a�tuaf or
<br /> threa�er�ed ��tigati�n �r claims v� ar�y kind by any persan re[ating to such mat�ers; and {3} Ex�ept as pre�iausly
<br /> d3scivsed to and acknow[edged �y Lender in vvriting, �a} neither Trustor nar any ten�nr, cvntractor, agent or other
<br /> aufhorized u�er vf the Prvp�rty shall use, g�nerate, rnanu�acture, stare, �reat, dispo5e ��❑r release any Hazardaus
<br /> 5ubstance an, under, abvu�or from �he Prop�rty; and {b7 any such acti�ity sha�� be cnnduc�ed in complian�e wi�h
<br /> a[C applicahle federal, s�ate, and local �aws, regula�ions and ordinances, inGludin� withou� iimitativn al!
<br /> En�ironmental Laws. Trustvr authori��s Lendet� and i�s �gen�s t❑ enter upon the Praperty ta make such
<br /> inspec�ians and �es�s, at Trustvr's expense, as Lender may deem apprapriat� �� de�ermine complian�e vf �he
<br /> Property v�ri�h th�s sec�i�n o� the Deed of Trust. Any inspectians �r tests made by Lender shall be �or Lender's
<br /> purpos�s anCy and shall n�t be cans#rued �Q create �ny responsibility�r liabili�y an �he part�� Lender t❑ Trus�vr or
<br /> �o �ny other p�rsvn. The representativns and warran�ies con�ain�d her�in are �ased on Trus�ar's due diligence in
<br /> inves�tigating the Proper�ky �nr Hazarda�s Subs�an�es. Trustar hereby �1� releases and wai�es any future c�airns
<br /> a�ains� Lender for indemni�y ❑r contributivn in the e�en� Trustar becom�s liable for cleanup or other cvsts under
<br /> any such �aws; and �2} agrees to indemn3fy, defend, and hold harrrtless Lender agains� any and all �laims, I�ss�s,
<br /> lia�ilities, damages, �renal�ies, and expenses which Lender may directly or indirectly sus�ain ❑r s�ffer res�l�ing �ram
<br /> a br�a�h af this sec�ian o�'�he Deed of Tr�st or as a cansequence o� any use, generati�n, manu�acture, starage,
<br /> dispa�al� reiease or threa�ened release �ccurring prior to Trustor's❑wnership vr in�eres�in the Property, whether vr
<br /> not �he same wa�s or sh�uld have been known �v Trus�or. The pro�isians of �his se�tion vf the ❑�ed of Trus�,
<br /> inciudin� �he obligat'r�n ta ind�mnify and de�end, sha��survi�e th� paymen�of�he Indeb�edness and �he satisfac�ion
<br /> and recon�eyance of�h� [ien of�his ae�d ❑f Trust and �hall no� be a��ect�d by Lender's acquisiti�n of any interest
<br /> in the Praper�y, whe�her hy foreclosure ar atherwise.
<br /> iVuisance, V'Vaste. Trustor shall n�t �aus�, con�uc� vr permit any nuisance nar commi�, permit, or suffer any
<br /> s�rippin� o�F or was�e ❑n vr tQ the Pr�perty a� any porti�n of�he Praper�y. Withvu� limiting �he generali�y af �he
<br /> far�going, Trus�or vvill nat remave, or grant�o any v�her party �he right�o rema�e, any timber, min�ra[s �including
<br /> ❑il and �as}, caal, clay, scor�a, soi[, gra�el or r�ck praduc�s withau�Lend�r's pr�or written consen�.
<br />
|