|
_
<br /> .n;.x�t'1j';' .I� Y_J�i_ .>��.�:TN�. .ilv':._.l> ''}�itla .kr. i:;;£y^:� "T'��t�_.� 'S kr -
<br /> �q t•.. s.�..�da ti' !.-;: mt �•. �' i• -
<br /> �y. ��2•sa - �3 'f.' t° .' -,1 -r--` �t :;:1:.,,, °i. .w'�' �«.�-
<br /> i. l"',:. i�` y n":- -�Z'si, ibc%i'r' .s'•.:.�.., `i�L'"}n';e �s .'t' t y t'4• `�. `c' �'''�'"� •:d4. �'- �A�... d
<br /> s (yF'y? �r�ti.�T3�+,[�54�4� � _ �F�9. .�ii`..: +� ,La"=�.�!' �+ �{ i�r�y F` -
<br /> �j" �¢ �, %t1�. Y��{ I r E� � i � x3.�a. 44t��`�e Cti.t ti:
<br /> sy��4'� A�F' � '�Sy 4�;i�Si �1�y,� �'�f��7�������H��[stft�f��'{�.�ei�'}I'�5� °'�.�i1V�t��R�f��S�C.��d�".�������f ��-.�L,�b�K��Ri51Ya.u�gp'�}
<br /> . : t;.. .
<br /> .��c�li� t`f�F,ii���`"K.°.iii��S2¢1 �i � Ti7l��.��—�.�_�_�_ _ W._=�.— _.."_"�___ _ — —
<br /> �..../F�� lk1LKC=NM��I''6.M1`hCSm=w:aa___.�y��_���� _°___—__ _ — .
<br /> C � ' -�.�' _� �
<br /> � � � �
<br /> �� 90-�.v1��4
<br /> Lertd�to protect the secvrity oi tlfe Nots;(c)the patiormance ot all covenants and agreements ot Trustor set torth h�rein;and(�all
<br /> present and future indebtadness ana obligations ai Sarrower(or any ot them if more than one)to Lender whether direct;indlrecL
<br /> abaoiute or conGnQent and whether arising by rsote,guaranty,overdraft or otherwise.The Note,this Deed af Trust and any and atl
<br /> r other docuentsthataecuret�teNote or otherwisa exe�ufed in connectian 4herewith,inctuding withoutlimitation quaraMees.securiry
<br /> � apreerttents and assi�nmeni9 01 teases artd rent�,sha11 be referred tQ herein as the"loan InsVuments".
<br /> Truator covenants and aqre�s with Lender a3 toitows. '
<br /> 1. FiyrtNnt of InefibMdnKS.Ati indebiedness se�cured hereby shaii Ge paid when due• �
<br /> 2. Tili�.Trusior i�the owner af the Properry.has the right and authsrity to•convey the Pr�pe.rry,and warrants that tha Ilen �
<br /> created hereby fs a first r,nd prior tien on the Prcparty,except lor liena and encumbranses aet forth by Trustor in writirtg artd
<br /> detivesetf to Lender betare execution oi thi3 Deed ot Tru3t,and the execution and dei(very of thie Deed ot 4rust daes not vEolate any
<br /> . ` �contract or othsr o6ii�ation to witich Trustor is subtect �
<br /> . � 3. ?a�A�s�n�b.To RaY Oetore delinquency all taxes,specia�assessment�a�ad all nther charges egainst the Property
<br /> � now ar hereaRsr tavied.
<br /> 4. Inwr�ne�.To keap the Properry insured againet damaqe by(ire,hazarda inctuded within the term"extended caverage".and
<br /> such othar hazards as Lersder may require,in amounts and with companies accepiable to Lender.namfng Lender as an additlonal
<br /> � named fasur�d,with losa payabte to the Lender.tn case o!loss under such poticies,the l.ender is authorized to adjust,coltect and
<br /> compromise,af1 claims thereunder and shali have the option o}apptying att or part otthe insurance proceeds(i)to any irtdebtedness
<br /> secured hereby artd in sucfi order as Lendsr may determine,(ii)!o the Trustor to be use0 for the repatr or restoration.of tt�e Property
<br /> ar(iii)for any�ther purpose or object satisfactocy to Lender without affecting the lien ot this Deed of Trust for the tull amount secured
<br /> hareby before such payment ever toflk ptace.Any application of procseds to indebtedness shatl not exiend or pastpone the due
<br /> date of any paymen4s under the Note,or cure any default thereunder or hereurtder.
<br /> 5.Eic�w.tlpan written demand by Lender,Trustor shatl pay to Lender,in such manner as Lender may designata,sufftcient
<br /> � sums to enable Lender to pay as they become due orte or mare of the toilowing:(�}all taxes,assessrr�ents and other charges a$ainst
<br /> the PropeRy,(ii)the premiums on the property�insurance required hereurtder,anc!(i�i)tE�e premiums on any mflrtgage Insurance
<br /> required by Lender.
<br /> � 6. Matnt�nana�. R�pain and CompBanca with La�ra.Trustor shall keep the�roF=RY in gaed conditicr and repair,shalt
<br /> � promptty repair, or replace any improvement which may be damaged or destrayed;shall noi xammit or permit any waste or
<br /> deterioration ot ttie Property;shall not remove,demolish or substant+a(ly a(ter any of tfie improvarr;ants on the Propesty;shalt not '
<br /> corttmit,suffer or permit any act to�e done in or upon the Property in viotation of any law,ordinance,or regulation;and shall pay and
<br /> , promptty discharge at T►ustar's c��t and expense ati liens.encumbrances and charsy�s levied imposed or assessed against the
<br /> ' Property or any paR thereof.
<br /> 7. Emin�nt Qomain.�.ender is hereby assigned ail compensation,awards,damages and other payments or relief(hereinafter
<br /> f "Proceeds") in connQCtion with condemnation or other taking of the Praperfy ar part thereoi, or tor conveyance in lieu of
<br /> � condemnation. Lender shail be entitled at its optior� to commence, ap�2ar in and proseeute in its own name any action ar �
<br /> ' proceedings,and shall also be Es�t"tted to make any compromise or settlement in ca:�nection with such taking or damage.In the •-�
<br /> �.,
<br /> i eveni any portton af the Property���a taka�a damaged,Len�er sha11 have the op��^r,,in its sole and absolute d�scretion,to appry .1*,.
<br />� all such i'raceeds,2iter deductir.3 t:�erefrom all costs and expenses incurred by i:•�rt�connectian with such PrQ�eeds,upon any `�^--
<br /> , indebtedness seeured hereby and in such arder as Lender may determine,or to apply all such Proceeds,after such deductions,to � :::_`
<br /> the restoration of the Property upon such conditions as Lender may determine.Any application oi Proceeds to indebtedness shall ? '��:.
<br /> � not ext�nd or postpone the due da:�s of any payments under the Note,or cure any d�;}ctt thereunder or hereunder.Any unapplied =
<br /> ' ; funds J^�11 be paid to Trustor. _
<br /> 8. PfRonnant�by L�ndtr.U;,;,Jn the occurrence of an Event of Default heree:rt�:�r,or ii any act is taken ar tegal proceeding
<br /> commenced which materially af:_�s Lender's interest in the Praperty,Lender may in i�s own discrettan,but without obligation to do
<br /> so,and without not�ca to or demand upon Trustor and without releasing Trustor frum any obligation,do any act which Trus:�r has
<br /> � ag�eed but tai15 ta�y 2�d may atsa do any other act it deems necessary ta protect the security hereof.Trustor shall,imme�setely _
<br /> ' upon demand therc:2r�y Len�Er,r3y to Lendes all casts and expenses incurred an����ms expended by Lender in connect�crs with
<br /> � the exercise by Le^��r af the fo�_+;�c�1g rights,together wi��r�nterest thereon at the�-J��It rate provided in the('i.c4�which shatl be =
<br /> addeQ to the in�-.�c�-�ness se.��: hereby. Lender sh.-�. not incur any liability t��::use ot anything it rna:�r;z�.ar omit to do
<br /> : hereunder. ��
<br /> 9. 1�lsssrQous Mat�dals.Tr�s.:ar shall��;a.�the Property in compliance with all applicable i.��n3,ordlnances and regulations
<br /> � relatirg,��industrial hygiene or c-vironmental protection(coflectively referred to herein as"En'��ronmental Laws").Trustor shall
<br /> keep ti`e��roperty free irom all s4:�:�nces deemed to be haz�rdous or toxic under ar;y•;nvlronmentel Laws(ca!►ectivety referred to
<br /> ' herein as"Hazardo�s MateNa►s"i.'frustor hereby warra�ts and represents to Lend,�-s;nat there are no Nazardous Materlals on or r'
<br />� � under the Properry.Trustor herEt:�agrees to indemnity and hold harmtass Lender,�t:���;rectors,oificers,employees and agents,and ��
<br /> any successors to Lender's intetest,frvm and against any and all claims,damag�:.osses and Nabilittes arising in con�ect�on with :,;�
<br /> � t�e presence,use,disposal or transport ol�any Hazardous Materlats on, ::r.�e.r_�om or a6out the Property.THE FORE.r-«"J1N(3
<br /> WARRANTIES AND FiEPRESEI�4TATIONS.AND TRUSTOR'S OBl.IQATIOhS�lt�SUr!VY TO THE FOREGOING INDEMNITY.�l�ALt ' ; -
<br /> SURVIVE RECONVEYANCE OR T2iIS OEEO OF TRUST.
<br /> . 10. Aul�nm�n1 of R�nb.��-c�stor hereby assigna to Lender the rents,issues���prafits o1 the Properry;provlded that Tru.;t�� '
<br /> shap,until tha occusc��ce ot an Event o1 Detault hereunder,have the rlght to coltect and retain such rents,issues and profi•�s a;s:�-�e f
<br /> become due ana p���;able.Upon the occurrence of an Evont of Default,Lender may,eithor in person or by agent,with or�v��;out - -
<br /> bringi�g any actlon or procee4��g,ot by a receiver appointed by a court and without reg�rd to the adequacy o1 iW securiry,enter
<br /> upon and take possession ot the properry.or any part thereo},Jn ita own name or in th�name ot the Trustee,and do any acts which it
<br /> deerrs necessary or desirabte to preserve the value,marketablpty or rentabillty ot the?roperty,or eny part thereo�ar interest therein,
<br /> increase the Inaome thereirom or protect the securiry hereof and,with or without taking possesston o1 the Property,sue for or
<br /> otherwlse collect the rents,issuos�and prolits thereol,inciuding those past due and unpaid,and apply the same,less costs and
<br /> ' expenses of operation and cottection inctuding attorneys'tees,upon any lndebtedness secured hereby,all in such order as Lender
<br /> rnay determine.The eniering upon and taking possession oi the Proporty,the collection of such rents,issues and proftts and the ,
<br /> ` appflcation thereal as aforesaid,shall not cure or waive any detault or natice ot default hereunder or invalidate any act done in
<br /> ` response to such defautt or pursuant to such notics o1 detault and,notwithstanding the contlnuance in possession cf the P�oDenY or
<br /> ' � the colfection,receipt and application of rents,issue�or profits,and Trustee artd Lt.+nder shall be entitled to exercise every right
<br /> • provided tor in eny oi the Loan instruments or by law upan occurrence ot any Event of Oefautt,including withou!limitation the right
<br /> to exercise the power ot sale.Further,Lender's rights and remedies under this paragraph shall be cumulativa with,and in no way a
<br /> Ilmitation on,Lender's rlghts an0 ramedies under any assignment of teases and rents recorded against thv Property.Lender,7rusteo :" --�--
<br /> ane tlse receiver shatl be liahle to account onty for those rents actualty received. .
<br /> ?.t Ev�nt�o�dMauH.The loltowing shall constituta ar�Event ot Detauit under this Oeed of Trust
<br /> (a) Faituse to p8y any instaliment ot princlpal or interest of any other sum secured hereby when due; ;
<br /> (b) A bre3ch o1 or Cefault u�der eny provision contained in 4he Note,this Qeed of Trust,any of the Loan Instruments,or any �
<br /> U:i�er fi8n f�r lniCUHr`v�aC�'�UpGi1 tt�b Rrt,�,eity; �
<br /> (c) A wril of executior►or attachment or any similar process shall be entered against Trustor which shall become a lien on
<br /> the Property or any portion thereaf or interest therein;
<br /> L (d) There shail he filed by or ag�►inst 7rustor or Borrower an action under any present or future federal,s!ate or other
<br /> statute,law or reguiation relating to bankruptcy,insolvency or other reNet for debtora;or there shall be appo�ntod any trustee.
<br />_ rec�iver or liquidator o17r�stor or Borrower 4r otall or any part o}the F'roperty,or tho ronts,issues or protit5 thereof,ot Trustor �
<br /> or 8brrower shail mako any general assignment for tt�e benetit ot creditors: �
<br />� (p) �hD satfl,tronstOr,fease,assignmenf,convoyance or further encumb►nncn o1 all or any part o1 or a�ny inter�st�n the
<br /> proaerry,aither voluntArily or involumariiy, without tho express wi�tien coneent af Lender, provsded that Trustar sAall be �
<br /> petmitted ta�xoGUt�e 1825�af the Proporty ihat doos no1 conta�n�napUOn to porchase and theterrn ot whtch doss not�xC�od :� •
<br /> one year:
<br />:. (1j Abandonmont c�1 tho Praparty.�r
<br /> .
<br /> �
<br />
|