|
� 2� 17��8� 1
<br /> DEED �F TRUST
<br /> Loan No: '1 D'i 3��'I 5� �CvntInued} Pa�e �
<br /> whe�her ❑r no�the ad�ances a�e made pursuant t❑ a cammitment. Speci�ically, with�ut iimitation, this Deed of Trust
<br /> secures, in addi�ion t❑ �h� amaunts sp�cified in the No�e, a�I �uture amoun�s Lender in i�s d�scre�inn may laan to
<br /> T�ustor, together wi�h all interes�ther��n.
<br /> Trustor presently ass�gns to Lender �a(sa known as Bene�iciary in fihis Deed o� Trust� aII �f Trustor's right, �itle, and
<br /> interes� in and to a�i present and �uture leases ❑f the Property and all Ren�s from the Property. ln addi�ion, Trustvr
<br /> grants t❑ Lender a Uniform Commercia� Cade securi�y interest in the Personal Property and Rents.
<br /> TH1S DEED �F TRUST, INCLUD[NG THE ASSIGNNiENT DF RENTS AND THE SECURITY �NTEREST IN THE RENTS AND
<br /> PERS�NAL PR�PERTY, !S G�VEN T� SECURE {A} PAYMENT �F THE [NDEBTEDNE55 ANB {B} PERF�RMANCE �F
<br /> ANY AND ALL �BLIGATIDNS UNDER THE N�TE, THE RELATED D��UMENTS, AND TH1S DEED �F TRUST. THIS
<br /> DEED�F TRUST 15 G1VEN AN❑ACCEPTED ON THE F�LLDVIl1NG TERIVIS:
<br /> PAYMENT AND PERF�RMANCE. Except as otherwise provided in �his Deed o� Trus�, Trustar shall pay fio Lender all
<br /> amaunts secured 1�y this Deed ❑� Trust as they �ecome due, and shall s�ric�ly and in a timely manner perf�rm all of
<br /> Trustor's�bliga�ions under th� N�te,�his ❑eed ot Trus�, and the Related Documents.
<br /> P�SSES5I�N AND MAINTENANCE �F THE PR�PERTY. Trus�or agrees �hat Trustor's possession and use af the
<br /> Property shall be ga�erned by the�following pro�is�ons:
<br /> Possession and lJse. Unfiil fihe occurren�e ❑f an E�ent �� Default, Trus�or may {�} remain in p�ssession and
<br /> �on�ra�❑f the Property; {2� use, vperate vr manage�he Praper�y; and �3} callect the Ren�s from the Praperty.
<br /> Duty �o l�aintain. Trustor shall maintain the Prop�r�y �n tenan�able condi�ion and promp�ly perform all repairs,
<br /> replacements, and maintenance necessary�o preser�e ifis Walue.
<br /> Compliance 1N�th Environmen�al Laws. Trustor represen�s and warran�s ta Lender�hat: ��} During �khe period ❑�
<br /> Trustor's ❑wnership of the Property,there has been no use, genera�ion, manu�ac�ure, stara�e,trea�ment, disposal,
<br />� refease ar threatened refease ❑�f any Hazardous Suhstance by any person �n, under, abaut or from the Praperty;
<br /> �2} Trustvr has no knawledge ofi, vr reason t❑ belie�e �ha�there has heen, except as pre�iously disclased to and
<br /> acknawledged by Lender in wri�ing, {a} any breach or Wiola�ivn of any En�ironmental Laws, {b} any use,
<br /> generation, manu�acture, sfiorage, trea�ment, disposal, refease or threa�ened release ❑f any Hazardous Su�s�ance
<br /> ❑n, unde�-, ahou�t ❑r from the Property by any prior ❑wners ❑r vccupants �f the Property, or 4c} any a��ua� ❑r
<br /> threatened litigatEon ❑r claims ❑�F any kind by any person rela�ing to such matters; and �3� Except as pre�iausly
<br /> disc�ased to and acknowledged by Lender in writing, {a} neither Trustor nor any tenant, contra�tor, agent❑r v�her
<br /> authoriz�d user of the Property shall use, genera-�e, manufacture, stvre, treat, dispose of vr release any Ha�ardvus
<br /> Substance❑n, unde�-, ak�out or f��m the Prvperty; and ��b} any su�h ac�i�ity shafl be conducted in �vmp[ianc�wi�h
<br /> all applica�le f�deral, sta�te, and local [aws, regula�ions and ordinan�es, including wi�haut limitation ali
<br /> En�ir�nmen�al Laws. Trustor autharizes Lender and its a�enfis ta enter upan the Property fio make such
<br /> inspections and tests, at Trustor's expense, as Lender may deem appropria�e t� determine c�mpliance vf �he
<br /> Prope�ty wi�h �his secti�n �f th� Deed o-� Trust. Any inspecti�ns or �ests made by Lender sha[I be for Lend�r's
<br /> purposes only and sha11 not be canstrued tv create any responsihility or liability on the part of Lender to Trustor or-
<br /> fio any other person. Th� representations and warranties con�ained her�in are based an Trustor's due d��igence in
<br /> in�es�kigatEng ths Pr�perty ��r Hazardous Substances. Trustor herel�y {1} releases and v+rai�es any �u�ure claims
<br /> againsfi Lend�r for indemnity or contri�u�ion in �he e�ent Trust�r becames liab�e for cEeanup ❑r o�her costs under
<br /> any such Eaws; and ��y agrees t� indemnify, de�end, and ho�d harmless Lender against any and all �laims, fosses,
<br /> liabili�ies, damages, penalties, and expenses which Lende�-may direct[y or indirectly sustain ❑r suffer resu�ting �ram
<br /> a breach ❑f�khis sec�ion ❑f�he ❑eed ❑�Trust or as a cansequence of any use, generation, manufac�ure, storage,
<br /> dispvsal, re[ease ar�hreatened release occurring prior�o Trustvr's ownership or interesfi in the Prvperty, whether❑r
<br /> no�t the same was o�' should ha�e been knawn to Trusta�'. The pro�isi�ns ❑� this sec�ion a� the Deed �# Trust,
<br /> including the obliga�ion to indemnify and de�end, sha�i sur�i�e the paymenfi❑f fihe Indeb�tedness and the satis�ac�ivn
<br /> and reconWeyance of the lien of this Deed v�Trust and shall not be affecfied hy Lende�-'s acquisition ofi any interest
<br /> in the Prvperty, whether 1ay�or�closure ar❑therwise.
<br /> NuisanGe. ll�aste. Trustvr shal� n�t cause, cvnduct ar permit any nuisan�e nor Gammit, permit, or su�fer any
<br /> stripping vf or waste on v� ta the Property or any portion of �the Praperty. Wifihvut limit�ng fihe generality v�the
<br /> foregoing, Trustor will no� remo�e, or grant t❑ any o�her party the righ�to remo�e, any timber, minerals �including
<br /> ❑il and gas}, coal, clay, scaria, soil, g�-a�el a�rock p�adu��s withvu�Lender's pria�-written consent.
<br /> Remv�a�v�lmpro�rements. Trustor shall not demolish or remo�e any �mprv��ments fram fihe Real P�operty without
<br /> Lender's priar writ�en consen�. As a cand�tion�a�he remo�a� of any lmpro�emen�s, Lender may require Trustor to
<br /> make arrangements sa�isfa�tvey to Lender fi❑ replace such Impra�ements with lmpro�ements ❑# at �eas� equal
<br /> �alue.
<br /> Lender's Right fo En�er. Lende� and Lender's agents and representatiWes may en�er upon the Real Proper�y a� all
<br /> r�asvnab�e times to a��end t❑ Lender's interes�s and ta inspec� �he Real Property fvr purpvses ❑f T�us�or's
<br /> �omp�ian�e with the te�-ms and canditivns af�his Deed of Trus�.
<br /> ComplEance with Gorrernmenta� Requirements, Trustor shalE promp�Ey comply wi�h all laws, ❑rdinances, and
<br /> regulati�ns, now vr herea�ter in ef�ec�, ❑f a�! gvvernmental authorities applicab[e tv the use or occupancy vf the
<br /> Praperty, inc�uding wi�hout l�mita�ion, the Amer�cans V1Ii�h ❑isabilities Act. Trustvr may confiest in good faith any
<br /> such law, ordinance, ar regulatian and withhold cvmpliance during any praceeding, including appr�priat� appea�s,
<br />
|