|
2� 17� 1341
<br /> DEE�3 �F TRUST
<br /> Loan No: '�D7 3��9�9 {Cont�nued} Page �
<br /> secures, in addi#ian to the amounts specified in the Nate, all fu�ure amounts Lende� in i�s discretion may laan tv
<br /> Trustor, �ogeth�r with ai1 interest thereon.
<br /> Trustor presently assigns ta Lender �also known as Beneficiary in this Deed of Trust� all o�F Trustor's right, tit�e, and
<br /> interes� in and to all present and future leases ❑f the Praperty and ai! Rents from �he Praperty. In additian, Trustor
<br /> grants�o Lender a Uni�orm Camm��cial Code security in�erest in the Persona[ Praperty and Rents.
<br /> THlS []EED aF TRUST, [NCLUDlNG THE ASSIGNMENT�F RENTS AND THE SECURITY INTEREST IN THE RENTS AND
<br /> PERS�NAL PR�PERTY, iS GIVEN T� SECURE {A} PAYN[ENT �F THE INDEBTEDNESS AND {B} PERF�RMANCE �F
<br /> ANY AND ALL �BLIGAT��NS UNDER THE N�TE, THE RELATED D�CUMENTS, AND TH1S DEED �F TRUST. THIS
<br /> DEED �F TRUST 1S GEVEN AND ACCEPTED�N THE FQLLDVtilING TERMS:
<br /> PAYMENT AND PERF�RMANCE. Exc�pt as ❑therwise prv�ided in fihis Deed ❑f Trust, Trusfitir sha�� pay �❑ Lender ai[
<br /> amvunts secured by this ❑eed of Trust as �hey become due, and shall s�rictly and in a �imely manner perform a!1 of
<br /> Trus�or's�bligativns unde�the Note,this Deed af Trust, and the Re[at�d I]o�uments.
<br /> P�5SE551�N AN❑ MAINTENANCE QF THE PRDPERTY. Trustor agrees that Trustor's passession and use ot the
<br /> Prop��fiy shall he go�erned by the fol[owing pro�isivns:
<br /> Passession and Use. Unti[ fihe oc�urr�nce o� an E�en� of aefaul�, Trustar may �'i} remain in possessian and
<br /> cantral❑f the Property; ��� use, ope�ate or manage the Pr�p�rty; and t3y calle���he Rents€r�m the Property.
<br /> Du#y tv Maintain. Trustor shall maintain the Property in tenantahle condition and promptly perform alI repairs,
<br /> rep�acemen�s, and maintenance necessary�o preser�e Ets�alue.
<br /> Gompliance With En�ironmen#al Laws. Trustor represen�s and warrants t❑ Lender tha�: ��y During the period of
<br /> Trustor's ownership o��he Property, th�re has been no use, gene�atian, manutacture, starage, treatment, disposa�,
<br /> re�ease vr threatened re[ease ❑� any Hazardous Subs�ance �y any person on, under, ab�ut or fram the Property;
<br /> {�f Trustor has no knawledge of, or reason #v belie�e that there has been, exc�pt as pre�iousiy disclosed to and
<br /> acknawledged by Lender in wrEting, �ay any �reach or �ia�atifln ❑f any En�iranmentai Laws, {b� any use,
<br /> generafiion, manuta�ture, starage, treatment, disp�saE, r���ase o�threatened release vt any Hazardous 5ubstance
<br /> �n. under, a�out ❑r fram the Praperty by any prior owners ❑� occupants o�f the Property, ❑r �c� any actuai vr
<br /> threafiened lifiigation ❑r claims of any kind by any person relating to such mafiters; and �3} Ex�epfi as pre��vusly
<br /> disclased ta and acknow[edged by Lender�n writing, {a} neither Trustnr nor any tenant, �ontrac�or, agen��r❑ther
<br /> authorized us�r af the Property sha11 use, generate, manufacture, store, treat, dispose af or release any Hazardous
<br /> Subsfiance�n, under, abvut nr from the Property; and tby any su�h ac�i�i�y shall be Gonduct�d in campliance with
<br /> all appli�able federal, sfiate, and Ioca! [aws� regu[ativns and ordinances. including ►rvixhout limitation a[�
<br /> En�ironmental Laws. Trusfior authorizes Lender and its agents to en�er upan the Proper�y ta make su�h
<br /> inspectivns and tests, a� Trustar`s expense, as Lender may deem appropriate to determine compliance of the
<br /> P�-operty with this section of the ❑eed of Trus�. Any inspectians ar tests made by Lender shall be tar Lender's
<br /> purposes only and shall nat be �onstrued t❑ create any responsibi[ity ar liab��ity vn the part v� Lender to Trustvr ar
<br /> tv any ❑ther persan. The representa�ions and warranties contained h�rein are based on Trustvr's due diligence in
<br /> in�estigating the Property for Hazardvus Substances. T�-ustar hereby ��} releases and wai�es any futur-e c[aims
<br /> against Lender for indemnity or cvntribution En the e�ent Trustor hecomes �iable fvr cfeanup or flther costs under
<br /> any such faws; and �2y agrees to indemnify, defend, and hald harmless Lender against any and a�l claims, losses,
<br /> liabilities, damages, penal�ies, and expenses which Lender may directly vr indirect[y sustain or suffer resulting �r�m
<br /> a breach o��his sect�on of the Deed of Trust ar as a consequence of any use, g�neration, manu�ac�ure, s�orage,
<br /> disposal, release vr�hreatened rel�ase❑ccurring privr fia Trustor's ❑wnership or interest in�he Property, whether or
<br /> not the same was ar shou�d ha�e been known to Trustor. The pra�isi�ns o� this sectivn of the D�ed ❑f Trust,
<br /> including the ob[igativn tv ind�mni�y and defend. sha�i sur�ive the payment a�the lndebtedness and the sa�is�actinn
<br /> and recon�eyance ot the iien ❑f this Deed ❑�Trust and shall not be affe�ted by Lender's acquisition�f any Ente�-est
<br /> in fihe Property, whether by fareciosure vr��herwise.
<br /> Nuisance, 1Nas�e. Trustor shall nat cause, canduct ❑r permit any nuisance nar c�mmit, permit, ar suft�r any
<br /> stripping af �r v►raste on ar to the Praperty or any partion o-F the Property. Without limiting �he genera[ity af the
<br /> �oregoing, Trust�r will not remo�e, or gran�fo any afiher party the right to remo�e, any timber, minera�s �inc�uding
<br /> aiI and gasy, coa1, c[ay, scoria, soi[, gra�el ar rack produc#s without Lender's prior written consent.
<br /> Remv�al a�Imprv�ements. Trus�or shall n�t demolish ar remove any f mp�-a�emen�s frvm�he Real Property wi�hout
<br /> Lender's priar wrEt�en consent. As a cflndition�o the remo�al nf any impro�ements, Lender may require Trust�r to
<br /> mak� arrangements satistactory tv Lender to rep�ace such lmpra�ements with impro�ements a� at least equa[
<br /> �a[ue.
<br /> Lender's Right to En#er. Lender and Lender's agen�s and representati�es may en�er upon the Real Proper�y at ali
<br /> reasonab[e �imes to at�end to Lender's interests and to inspect the Real Property for purposes of Trustar's
<br /> comp[iance with the�erms and condi�ions of fihis Deed ❑f Trust.
<br /> Compliance with Gv►rernmentaI Requirements. Trustar shail prompt[y comp�y with a[[ Eaws, ordinances, and
<br /> regulatians, nvw or hereafter in effect, ❑f a[I gv�ernmen�al authorities appficahle to the use or occupancy o� the
<br /> Property, including withvut limitatian, �he Americans With Disabili�ies Act. Trustor may con�est in gvod faith any
<br /> su�h law, ordinance, or regulativn and withhvld compliance during any proceeding� including appropriate app�als,
<br /> sa fong as T�ustar has notified Lender in writing prior�o doing s� and so [ong as, in Lender`s sole opinian, Lender's
<br />
|