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2� 17�2353
<br /> aEED �F TRUST
<br /> Lvan Nv: ���3�4D3 7 ���ntinued� Page �
<br /> ALONG AND UP�N THE 1NEST L�NE []F SAI❑ V�lEST HALF C3F THE N�RTHINEST �UARTER
<br /> �VI1'i 1� N�11J114}, A [31STANCE �F T�-lREE HUNDRED SI�TY L7NE {361.�D} FEE`f'; THENCE
<br /> DEFLEGTING RIGHT 9�°��'DO" AND RUNNIN� EASTERLY, A D�STANCE DF F�UR
<br /> HUNDREa T�II« {4��.��} �EET; THENCE DEFLECTING RIGHT 9�°��'��" AND RUNNING
<br /> S�UTHERLY, PARALLEL '�l��TH THE �l�IEST L1NE �F SAID 1lVEST HALF �F THE
<br /> NURTHVIIEST Q,UARTER t�IV'1�� N1N�14�. A DISTAN�E �F THREE HUNDRE❑ S�XTY �NE
<br /> �3�'�.U�� FEET; THENCE DEFLE�T[NG RtGHT 9�°DD'�D" AN❑ RUNNING �JIJESTERLY. A
<br /> DISTANCE flF FC3UR HUNDRED "d"�Iti![] �4��.��� FEET T� THE P�INT C]F �EGINNING AND
<br /> C�NTAININ� 3.33� ACRES, �lI�RE �R LESS �
<br /> CRC�SS-�DLLATERALIZATI�N. In addi�ivn #o �he Note, this Deed of Trust secures aff ❑bliga�ions, deb�s and liabilities,
<br /> plus in�erest thereon, of ei�her Trustar or garrowe� �o Lender, or any one or mare of �hsm, as well as all �laims by
<br /> Lender against 6orrower and Trustor or any vne or m�re ❑f them, whefiher now existing or hereafter a�-ising, whether
<br /> rela-k�d or unrela�ed ta �he purpose af the Note, whe�her �olun�ary ar o�herwise, whether due or not du�, direct fl�-
<br /> indirect, de�ermined ar undetermined, absolufie nr con�ingen�, ���u�dafied a� un�iquidated, whe�her Borrower ❑r Trus�or
<br /> may be liable indi�idual�y or jnint(y wi�h oth�rs, whether obiigated as guarantar, sure�y, accommodation party or
<br /> atherwise, and whether reco�ery upon such amounts may be ❑r hereaf�er may become barr�d by any s�atute ❑f
<br /> limita�ions, and whe�her -�he obliga�ion to repay such amounts may be ❑r he�ea�ter may became oth�rw�se
<br /> unenforc�abl�.
<br /> FUTURE ADVANCES. fn addition to �he No�e, this �eed of Trust s�cures all �uture ad�ances made by Lender �o
<br /> Bflr�awer or Trustor uvhe�her ❑r not�he ad�ances are made pursuan�t�a a cammitment. Speci�fcal�y, withou� limita�ion,
<br /> this Deed of Trust secur�s, in addi�ion t� the amounts specified in the No�e, aE� �uture amounts Lender in its discretion
<br /> may�aan to Borrvwer❑r Trus�or, tc�gether with all in�erest�hereon.
<br /> Trustor pres�n�ly assigns to Lender �also knawn as 6enefi�iary in this Deed of Trus�� all ❑f Trustar`s right, title, and
<br /> interest in and to all presen� and future [eases of �he Proper�y and all Rents from the Property. In addi�ion, Trus�or
<br /> grants to Lender a lJnifarm Cammercial Cade securi�ry in�erest in the Persanal Property and Ren-ts.
<br /> THIS DEED ❑F TRUST, INCLUD[NG THE ASSIGNMENT �F RENTS AND THE SECURITY iNTEREST IN THE RENTS AND
<br /> PERSQNAL PR�PERTY, IS GIVEN T� SECURE {A� PAYMENT ❑F THE [NDEBTEDNESS AND {6} PERFDRMANCE DF
<br /> ANY AND ALL ❑BLEGATiQNS UNDER THE N�TE, THE RELATEIJ ❑�CUMENTS, AND THlS I�EED ❑F TRUST. THlS
<br /> DEED �F TRCiST�S G�VEN AND ACCEPTED��N THE F�LL�INING TERNIS:
<br /> TRUSTDR'S REPRESENTATI�NS AN❑ VtilARRANT�ES. Trustar wa�-rants �hat: {a} this Deed o� Trust is execu�ed a�
<br /> B�rrvwer's r�ques� and not at the �eques� of Lender; {b� Trustflr has the -�u�� pvwer, right, and au�h�rity to enter infio
<br /> this D�ed of Trust and �o hypa�hecate the Property; ��y �he provisions ❑f this Deed ❑f Trust d❑ not cvn�IECt with, or
<br /> r�sult in a defaul� under any agreement or ather instrument binding up�n Trus�ar and do not result in a �iv[atifln of any
<br /> lav+i, regula�ian, court decree or ❑rder applicable �o Trustvr; �d� Trustar has es�ablished adequate means of ob�aining
<br /> from Borrow�r ❑n a cont�nuing basis infi�rmatian about Borrower's �inancia[ conditEvn; and �ey Lender has mad� no
<br /> repr�senfiation to Trustor abou�6orrawer {including withaut limitation the creditworthiness ❑f 6arrower}.
<br /> TRUSTDR'S VLJAIVERS. Trustor wai�es all rights ar de�enses arising by reason of any "one action" or "an�i--deficiency"
<br /> law, ar any a�h�r law which may pre�ent L�nd�r from bringing any action agains� Trus�ar, includEng a claim far
<br /> deficiency �❑ -�he extent L�nder is otherwise entitled �� a claim �or deficiency, befvr� or a�t�r Lender's comm�ncemen�
<br /> ❑r cample�ion of any foreclosure actian, either judicially or by exercise❑f a power afi sale.
<br /> PAYIVIENT AND PERF�RIVIANCE. Excep�as ❑�herwise pro�ided in this Deed of Trust, Borrower and Trustor shall pay to
<br /> Lender all �ndeb�edness secured by this ❑eed a� Tr�ust as i� becom�s due, and Borrower and Trus�ar sha�! s�rictly
<br /> per-�orm all�heir respec�i�e ❑b[igations under the No�e, �his �]eed ❑f Trust, and the Rela�ed Documents.
<br /> P�SSESSIQN AND MA[NTENAN�E �F THE PRDPERTY. Borrower and Trustvr ag��e that Borrawer's and Trustor's
<br /> possession and use of�he Pr�perty sha�€ be go��rned by�he following pro�isivns:
<br /> P�S5B55[�Cl and Use. Unti� the occurrence ❑f an E�ent ofi ❑efault, Trus�tor may ��} remain in passession and
<br /> cantra�a�the Proper�y; ��� use, opera�e or manage the Property; and �3� �alle�t the Ren-ts from the Property.
<br /> Dufiy to Main#aEn. Trus�or sha�! maintain �h� Praperty in tenantala�e cvndit�on and promp-�ly p�rfarm a�� repairs,
<br /> replacem�nts, and maintenartce necessary to preser�e its Wa[ue.
<br /> Campliance Vlli�h Environmen�a[ Laws. Trustor represen�s and warrants ta Lender�ha�: {1} During the period af
<br /> Trustor's ownership ot the Property, �here has been na use, g�nerafiion, manu�fac�ure, sta�-age, treatmen�, dispasal, �
<br /> release or fihreatened release ❑f any Hazardous 5ubstance by any person on, under, abflu� or from the Proper�y;
<br /> �2} Trus�or has n❑ knowledge o�, or reason �o belie�e that�here has been, excep� as pre�iously dis��ased �a and
<br /> acknowledged by Lender in writing, {a� any breach or �iola�ion of any En�ironmentaf Laws, {b} any use,
<br /> genera�ian, manufactur�, storage, trea�ment, disposal, release or �hr�aten�d r�leas� a� any Hazardous 5ubstance
<br /> on, under, abou-t or fir�m �he P�aperty by any prior awners ar ❑ccupanfis vf the Property, ❑r {c� any actua� �r
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