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2� 17�2785
<br /> DEED �F TRU�T
<br /> Loa� Nv: 'i U'i��25�� {�ont�nu�d� Page 2
<br /> DEED QF TRUST IS GIVEN AND ACCERTED QN THE F�LL�INING TERMS:
<br /> PAY�1lIENT AND PERF�RMANCE. Except as a�h�rwise pra��ded in this Deed ❑f Trust, Trustor shall pay ta Lender ail
<br /> amounts secured by this Deed v� Trust as they becnm� due. and shall s�rictly and in a timely manner pertorm all of
<br /> Trustv�'s vhligations under the Na�e,this Deed o�Trust, and the Related Do�uments.
<br /> P�SSE551�N AND MAINTENANCE �F THE PRQPERTY. Trustvr agrees tha� Trustar's passession and use of �he
<br /> Property shall be ga�erned f�y the foilowing provisions:
<br /> Possessian and Use. Until the a�currence of an E�ent �� �efault, Trustor may (�} remain in passessian and
<br /> con�roi vf�he Prap�rty; �2} use� ❑pera�e or manage the Prvperty; and {3� �nlle���he Ren�s�rom the Property.
<br /> Duty tv llrlain�ain. Trustor shall maintain the Property in gnad �ondi�ion and pramp�ly perfarm a!� repairs,
<br /> repEacemen�s, and maintenance necessary�o preser�e its�alue.
<br /> Compliance With Environmental Laws, Trustnr Tepresen#s and warrants to Lender that: {�} During the perind o�
<br /> Trustvr's ownership v��he Prvperty. there has been n❑ use, generation, manufiactu�e, s�orage, treatment, dispasal,
<br /> r�leas� or �hreatened release a� any Ha�ardous 5ubstanc� by any person on, under, abvut or trom the Praperty;
<br /> {2y Trustor ha� n� knowledgs of, ar reasvn to belie�e that'�here has been, �xcept as preWiausly disclas�d t� and
<br /> ac�n�wledged by Lender in ►nrriting. �a} any breach or �ialati�n o� any En�ir�nmental Laws, �b� any use.
<br /> genera�ivn, manu�actur�. storags. treatment, disposa�, reiease or threa�ened release of any Ha�ardous Substan�e
<br /> on, under, about or �r�m the Property by any prior �wners or occupants v� the Property, ❑r �c} any actual or
<br /> �hreatened litigation or claims �� any kind by any person telating t� such ma�ters; and �3} Except as pre�iously
<br /> disclosed t�and acknvwledged by Lender in writing, �a} neither Trustor nor any tenant, cvntractor, agen�ar oth�r
<br /> authvrized user af�he Property sha�i use, gen�rate, manu�ac�ure, stare, �reat, dispose vf or release any Hazardous
<br /> Substance on, under, about ar fram the Proper�y; and �b} any such acti�ity shal! be �anduc�ed in �ampliance with
<br /> all applicable federal. state, and iaca! �avrrs, reguiatians and vrdinances, including wi�haut limitatian a�l
<br /> En�irvnmenta! Laws. Trustor auth�ri�es Lender and its agents �o en�er upon �he Property to make such
<br /> inspe�tions and �ests, at Trus�ar's expense. as Lender may deem appropria�e t� determine c�mplia�G� of �he
<br /> Property wi�h this sec�ian o� the ❑eed v�Trust. Any inspectians vr tests made by Lender shal� be �for Lender's
<br /> purpvses only and shall n��be cons�rued�o crea�e any responsibiiity❑r liabiii�ty on the par�o# Lender to Trus�or or
<br /> �o any o�her person. The representations and warranties cvntained h�r�in are based on Trustor's due diligence in
<br /> in�es��ga��ng the P�vperty for Hazardvus Substances. Trustvr hereby {1� releas�s and waE�es any future claims
<br /> against Lender �ar indemnity vr contribution �n the e�ent Trus�or �ecames fiabie �or cieanup vr other costs under
<br /> any such laws; and {2} agrees tv indemni�y. de�end, and ha�d harmless Lender against any and all �laims, I�sses,
<br /> Ef�bII��EBS, damages� penaities. and expenses which Lender may directfy vr indirectly sustain ar suffer resu[ting f�vm
<br /> a breach af this section of the Deed o�Trust or as a cansequence of any use, generation, manu�acture, storage,
<br /> dispvsal, release or threatened release❑ccurring prior ta Trustor's vwnersh�p ar int�rest in the Property, whether ar
<br /> not the same ►rvas or shauld ha�e been known to Trustar. The pro�isions ❑� this section v� the Deed af Trus�,
<br /> including the obligatian ta indemni�y and defend� shall�ur�i�e the payment of�th� Indeh�edness and the satisfaction
<br /> and recon�eyance vf the lien o�f this Deed o�Trus�and shall not be a�tected hy Lender's acquisition a�any interest
<br /> in�he Property, whether by foreclasure ar❑therwise.
<br /> Nuisance, Was#e. Trus�ar shaiZ not cause, condu�t or permit any nuisance nar cvmmi�, permit, vr suf�er any
<br /> stripping o�or v►ras�s �n or �o the Property or any pvrti�n of �he Property. Withaut limiting the generality ❑��he
<br /> #oregoing, Trustvr will not rema�e, or gran�to any o�her par�y the rEght�o remo�e, any�imber, minerals tincluding
<br /> ❑i�and gas�, caal, clay, scoria,soi�, gra�el or rock prvducts wi�hout Lender's priar written�onsent.
<br /> Remova�ot fmpro�emen#s. Trustar shaI� not demvlish or rema�e any Improvemen�s�rvm the Rea� Pr�perty without
<br /> Lender's priar written consent. As a cvnd��ion to�he remo�a! of any lmprovem�n�s, L�nder may require Trustor to
<br /> make arrangemen�s sa�is�Factory 't� Lend�r to r�place su�h lmprvvemen�s with improvemenfis o� at I�as� equal
<br /> �alue.
<br /> Lender"s Righ�#a Enter. Lender and Lender's agents and representati�es may enter upon the Real Property at ail
<br /> reasonable times to a��end tv Lender's interes�s and �o inspe�� the Rea� Proper�y �or �urpnses �f Trus�ar's
<br /> cvmpEiance with�he terms ar�d conditions of this Deed o�Trust.
<br /> CvmpI�ance with Governmental Requiremen�s. Trustor shall promptly cvmply w�th a!i laws, ordinances, and
<br /> regulativns, now ar hereafter in e'��ec�. n� all go�ernmental authorities app�icable to the use or occupancy o# �he
<br /> Praperty. Trustor may contes�in g�od�aith any such law, ardinance, or�egulation and withhoid cornpliance�uring
<br /> any proceeding, in�Iuding apprapriate app�als, so long as Trus�or has no�i�ied Lend�r in wri�ing prior to doing so
<br /> and sa lang as, in Lender's so�e op�nion, Lende�'s interests in the Prvperty are not�evpardized. L�nd�r may requ�re
<br /> Trustor tv past adequate security or a surety bond� reasonably satis�ac�ory to Lender.to prote�t Lender's inter�s�.
<br /> Duty tv Prot�Gt. Trus�or agrees neither to abaridon ❑r �ea�e una�tended the Property. Trust�r sha[� do a!I other
<br /> acts, in addition�o�hose ac�s set for�h abvve in this sectivn, which�rom �he charac#er and use o�the Praperty are
<br /> reasonably necessary ta pro�e�t and preser�e the Property.
<br /> DUE DN SALE-C�NSENT BY LENE]ER. Lender may, a�Lender's op�ion, declare immediately due and payable a<< sums
<br /> secur�d by�his Deed �fi Trust upon the sa�e❑r�ransfer, withou�Lender's prior rrvritten cansent, vt a!! ❑r any part ofi the
<br /> Rea! Prvperty, ar any in�erest in the Real Property. A "sale or transfer" means the cnnv�yance ❑f Real Proper�y or any
<br /> righ�� �i�l� or in�erest in the Real Proper�y; whe�her iegal. beneficia� ar equitablef whether v�luntary ar in�olun�ary;
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