|
2� 17��493
<br /> �EE�3 C�F l��l��l'
<br /> Loan �o: 7 a 7���8�� ����1t��u�d� 1Page 2
<br /> gi�en.
<br /> FtJTURE ADVAIVGES, In additivn t� �he No�e, �his Deed �f Trust secures a!I future ad�anc�s made by Lender to Trustor
<br /> v�rhether �r n�t the ad�ances are mad� pursuant �❑ a �vmmi�ment. Sp�c��ically, withou� 1imi�ativn, �his Deed of Trust
<br /> secures, in addi�i�n �o �h� arr-��unts speci�Fied in �the Note, all �uture amvun�s Lender in its discreti�n may Ivan ta
<br /> Trusfiar, tagether�nri�h a�1 interes�therevn.
<br /> Trus�or pres�ntly assigns tv L.ender �also known as Ben�ficiary in �his De�d a� Trust� all of Trus�or's right, �i�le, and
<br /> interes� in and �❑ all present and �uture leases o� tl�e Prap�rty an� all Ren�s from �he Praperty. ln additian, T�us�ar
<br /> grants to Lender a lJnifarm �ammercial Cade securi�y interes�in�he Persona� Property and Ren�s,
<br /> THIS DEED nF TRUST, 1NCLUL7ING THE ASSIGNMENT �F REIVTS ►'�iVD THE SECURITY [�VTEREST 1N THE REIVTS A1VD
<br /> PERS�CVAL PR�3PERTV, !S GI�IEIV TC3 SEGURE �Ay PAY[VtENT �F THE [NDEBTEDNE55 A�VD �B} PERFQR�IIIANCE DF
<br /> ANY AND ALL DBLIGATI�NS UIVDER THE N�TE, THE RELATED D�CLJNiENTS, AND TH1S DEED �F TRLJST. THIS
<br /> []EED �F TRUST IS G�11E[V A1VD A�GEPTED �3N THE F�LL�WING TERMS: _
<br /> PAYMEiVT AND PERF�RMANCE. Ex�ept as o�h�rwise pra�ided in this Deed ❑f Trust, Trustor shall pay tv Lender a[(
<br /> amoun�s secur�d by �his de�d a�F Trust as they k�ecame due, and shall s�rictly and in a timely manner p�r�arm al[ af
<br /> Trustnr's o�Iiga�ian� under�he Nate, this �eed ❑f Trus�, and�he Rela�ed Do�um�nts.
<br /> P�5SE5S[�N AN❑ MAI[VTEfVAN�E DF THE PRUPERTY. T�-usfior agrees �hat Trus�or's pvssession and use of the
<br /> Prope�ty shaf[ �ne �o�erned by�he follow�ng pro�isions:
<br /> P�ssession and Use. L�n�il the �c�urrence af an E�ren� ofi D�faul�, Trus�or may ��� remain in possess�on and
<br /> cantro� af the Property; ��} use, vpera�e ar manage�he Praperty; and {3� collect the Rents from the Pr�pe�ty,
<br /> Duty tv �Vl�in�ain. Trus�or shal� maintain �he Property in tenan�able candi�ian and promptiy per�arm a!1 repairs,
<br /> replac�ments, and maintenan�e nec�ssary to pr�ser�e its �alue,
<br /> C�mp[iance �llith En►►irvnmen�al Laws. Trus�tor represen�s and warrants to Lender that: �1} During �he period v�
<br /> Trust�r's awners�ip o��the Pr�pe�ty� ther� has been r�❑ use, genera�ivn, manufacture, ���rage, treatment, disposal,
<br /> �elease ar threatened re��ase ❑� any �azardous Substan�e by any persan ❑n, under, about ar from the Proper�y;
<br /> ��� Trust�r has nn knavvledge ��, �r r�as�n �o be(ieve �hat there has been, �xcept as pre�iously d�sclased to and
<br /> acknvwledged b� Lender in vvritir�g, �a� any breach �r �iviat�on of any En�ironmental Laws, f b} any use,
<br /> generafiion, manufactur�, s�arage, �reatrnent, diSp�S�I, release vr threa�ened release v� any �[azardaus Subs�ance
<br /> on, und�r, ab�ut ❑r �rom �he Prop�rty hy any priar �wners or' occupants af �he Proper�y, or �c} any actual v�
<br /> threatened 1�tigativn �r claims v� any kind by any person relating to such matters; and �3� Ex�ept as pre�ivusiy
<br /> disc[vsed ta and aGknowled�ed by Lender in writing, �a� nei�Cher Trustar nar any tenan�, contractor� agent❑r ather
<br /> au�h�rized user af the Pr�pert� sha�l use, genera�e, manufacture, st�re, trea�t, dispase v�or release any Hazardous
<br /> 5ubstance vn, under, abaut�r�From the Praper�y; and �b� any such acti�ity shall be conducted in campliance wi�h
<br /> a[[ applicable �edera�, st�te, and local fav+�s, regulativns and vrdinances, including wi�hou� (im;fia�i�n all
<br /> Envirvnmen�al Laws, Trustv� au�hvr�zes Lender and i�s ag�nts �o ent�r upon the Property ta make such
<br /> insp�c�ivns and tes�s, at Trus�or's expense, as Lender may c�eem a�prapriate tv de�ermine camplianc� o# �he
<br /> Prop�r�y virith this section ❑� the aeed v� Trus�. Any �nsp�c#ivns �r tes�s made by Lender shall be �or Lender's
<br /> purpvses only and shall nvt�e cans�trued t� create any respvnsibili�y or liabili�y an�he part of Lender�o Trust�r or
<br /> to any o�her persvn, The rep�esenta�ians and vu�arranties cant�ined herein at-e based ❑n Trus�v�'s due di[igence in
<br /> inrr�stiga�ing the Praper�y far �azardnus Substances> Trustnr hereby �1} re[eas�s and wai�es any fiuture c(aims
<br /> against Lend�r far indemnity ar can�ributi�n in �he e�ent Trust�r becvmes liabi� �Di� GIB3nUp a�" Q��1�1' G�5�5 under
<br /> anY such lav�s, and ��� a�grees t❑ indemnifiy, de�end, and hald harmless Lender�ga`rnst any and ali �laims, losses,
<br /> liabili�i�s, damages, pena��ies, and expenses wC�ich L�nder may�irec�ly ar�ndir�ctly sustain or su�fer re�ulting fr�m
<br /> a �rea�h ❑f �his sectivn af the Deed a�F Trus� or as a can�equence v� any use, �eneration, manufac�ure, s'�vrage,
<br /> �ispvsal, refease or threa�en�d re��ase ac�urring priar�to Trusto�'s vwnership vr interes�in the Property, whe�her or
<br /> not the same was vr should ha�e been known �a Trustar. The pravisions o� this section a� the Deed o� Trus�,.
<br /> including the ob[ig�tian tv indemnify and d��end, shaf� sur�i�e the payment�f fihe Indebtedness and�he satisfaction
<br /> and �econ�eyan�� v�the li�n ❑f�his ❑�ed af Trust and shall nv�be affected by Lender's acquisitian o�any interes�
<br /> in th� Praperty, whether by fvrec�osure or atherw�se.
<br /> IVui�ance. �Vaste. Tru�stor sha�� nvt �ause; canduc� ar permi�t any nuisance nor commi�, permit, ar suffer any
<br /> s��ipping Q� c�r �rv�s�� ❑n ar to �he Praperty ar any parti�n af t�e Property. �IIli�h�u�t limi�ing the �enera�ity of �h�
<br /> �ar�going, Trustor vvill nv� remo�e, ar gran�tv any other par#y �he righ�ta remo�e, any tim�er, minera�s ��ncluding
<br /> ail and gas�, coal, �lay, s�aria, svi�, gra�e� or rvck products wi�ho�t Lender's prior written cvnsent:
<br /> Remo�al of irnprvvemen�s. Trustvr shai� �nat demv[ish ❑r rem�ve any impra�ements frnm the Reaf Praperty with�ut
<br /> L�nder's pr[n�-writt�n consen�. As a �ondi�ivn �o the remv�a� ❑�any Imprv�ements, Lender may requi�e Trustvr to
<br /> make arrangements sat�sfiactary tQ L.ender t� rep�ace such Improvements with Improvemen�s a� at least equal
<br /> �alue.
<br /> Lender'� R�gh�t to Enter. L�nder and Lender`s agent� and represenfiati�es may enter up�n �he Rea[ Property at a!I
<br /> reasanable times �a at��nd ta Lender's interests and to inspec�t �he R��I Prvper�y �or purpases ❑'� TI'LIS��t"`5
<br /> compliance with the terms and �andi�i�ns af�his Deed a�Trust.
<br /> Comp'liance with Go�rernmen��rC Requ�rements. Trustor shall prompt�y cornp�y vuith all laws, ordinances, and
<br /> reg��ations, nvw or hereafter in effect, of all go�ernmen�al authorities ap�licable tv �he use ar oc�upancy of the
<br />
|