|
_._..._:..-_..._ �FS,jc ;7`��J.f• ' t!4��_15�e.:.��,yr/� . .. . I. .jir, .iH��l ,f� iqr � .•ijr�.p;�,... . .7 •rA.o ��y ..
<br /> .'. �� t � 5t 7 �(�r iA..]i -�N - - - r- .- S 'i i- ,c ti � .:J ... _ ._ -..�� r �i, -�dar t+,;.
<br /> - S 1 rf 1 r.: r 1 1i � =— �_ �—- �a ' r 17��yb�s i'�' l ; .. — --_
<br /> ,l��.ii iipi'�G'��1 f1 il� !t„�Z �l�:tf _. —.�2ft t�{�F L4r �1� . -1 _:� � [. ., -
<br />..._. � ° ���lk:r����l��.�k�Pf...!�L4t a i_ �� �-� ---- �- .�S t- r s� �-��rye�6�`°° ----' -°° ..
<br /> --�. ___��__ � - �-.�. ... ............_..f..�. ....._��1i.� .----
<br />'�
<br /> � �
<br /> } 9�"'� _
<br /> k ��4Q9.?
<br /> ►�
<br /> � Kw Prop�ry is�o t�k�n or dama�ed,L�ndsr�hall have tha option,in fts sele and pb�c�tut�dfecrN�len,to appl�ell�uch Proce�s,
<br /> C!!��!�!LM�!!���clrD:��!!C�_'.�ssf�Cz�n;„,o itt��::t3.i by ii i�Cvi�i�en:iiu�t wiii�auch P�OC�s.upvn any inaiebtedn�iOCU��d
<br /> har�y an�in wch orQW as L+�d�r rnay dat�rmine,cx tc�Rpply al3 such Rroceed�,eft�r such daductiana,to fhe retfo►�tion of the
<br /> � Prop�iy upon suct��ondition�as lendes may dslarmin�.Any appHCatioo of Procssd�to IndsblWnea�ahatl nat extsnd or po�tpons
<br /> M►�du�d�t�of any p�ymenb und��th�Not�,or curs any dNault therpundQr or hereunder.Any unappll�d turds�hall be palc}tp
<br /> TruNOr.
<br /> e, hAonNN1C�by t�nd�r.tlpan th�occu►rence ot an Event of Qeteult hereunder,or it any�ct Is taken or lepal proce�dinp
<br /> CommMCSd which rtNlNlaily aM�ob tsnckr's interest ln the P►operty,Lender may in its own dlscretion,but without obUQation to do
<br /> w.a�d wittwut noiice to or 6eriiand upon Tru3tor�nd without reteasin9 Trustor irom any obltpatlo�,do any act which T►uator ha�
<br /> : a�n�d but hils to do�nd may al�o do�ny other act it da�ms necessary to prottct the securiy he�eot.Trustor shall,Imm�diatsty
<br /> upon tlemand there(or b�(,ender,pay to Lendar all costs and expen�ea incurred and aums expsnded by Lende►in connaction with
<br /> ths BxKCi�s by L�nder of the tore�oinp riyhte,together with lntarest thereon at the detAUll�ate provided in the Note,wAich shall be
<br /> acld�d to tM Ind�btedne�.s secund hareDy. Lender shall not Incur any liabiliy because of anythinfl it may do or omlt to do
<br /> � hK�undK.
<br /> 9• Nas�rdoW MaMHaN.Trustor ehall keep the P�Qperry In cortipti�nce wlth all appllcable laws,ordinances and reyuletion�
<br /> rslatinq ta Indwtrtal hy�iane o►envlronmental protectlon(collectivaly r�terred to herein as"Environmental Law�"►.Truetor ahall
<br /> ; ksop ths Prope►ty t�setrom all sub�tances deemed to De hazardous or taxic under any Envtronmental Laws(collectively reterred to
<br /> P�Main es"Hazardous Materiat�").Trustor hereby warrants and represents to Lender that there aee n0 Hazardou�Materl8l�on or
<br /> undar the P�op�rty.Trustor hersby a��ees to indemnity and hotd harmtes�Lender,�t�dlrectors,officers,employaea and agent�,and
<br /> any auCCassora to Lender's interest,trom and a�ainat any and all claima,damages.Iosses and liabilities ansinp In connection wiM
<br /> � ths prssanCe, use. disposal or t�nsport ot any Haiardous Materials on, under, trom or about ihe Properfy. THE FOREt301NQ
<br /> . ; WARRANTIES AND REPHESENTA710NS.ANO TRUSTOR'S OBLIOATIONS PURSUANT TO TME FOREGOING INOEMNITY,SHALL
<br /> SURVIVE R�COMVFNANGE �F THIS DEED OF TRUST.
<br /> 10. A�I�nn»nt W it�nb.Trustor hereby alsigng to Lender the rent�,issue�and protits o1 the Property;provided that Tru�tot
<br /> shl11,until the occur�enCe of an�vent of Default hereunde�,have the�ight to colle�t aod retein such rents,issues and profiW ae thay
<br /> ? become due and payabte.Upon the occurrence of an Event of Oetautt.Lender may,either in person or by agent,with or without
<br /> brinyinp any actlon or proceedin�,or by a secelver appointed by a cou+t a�d without reflard to the adequacy o!�ts security,enter
<br /> upon and take posseseion of the Property,o�any partthereof,in its own name or in the name of the Trustee,and do any acts which it
<br /> . deems necessary or desirable to preserve the value,marketabiliry or�entabiliry of the Property,or any part thereoi or interest therein,
<br /> s increaas the Income therefrom or proteci the securiy horeot and, wdth or without taking posaession of the P�operty,sue tor or
<br /> otherwlae coltect the rents, issues and prot;ts the�eot, Including those past due and unpaid,and apply thp same,lesa costs and
<br /> t expenses ol operetion and collection inclu�l:n�attorneys'fees,uporr any indebtedness secured hereby,all in such order cts Lender
<br /> may dete►mine.The entering upon and i�t�kfn9 possession o'the Rrvperty,the collection ot such rents,issues and profita and the : ti
<br /> apppcation thereof as atoresaid, shall nCt Cure or w8rve any default or notice ot default hereunder or invelt�ate eny aCt done in �
<br /> resperose to suCh default or pursuaM to sccch notice of def�ult and,notw�thstandmg the Contmuance in pos58sSion of the Property or ''
<br /> the CoUecUon,recaipt and appllcatlon of rents,issues cr profits.ar.d Trustee and Lender shall ae entitted to exercise every rlght ; •:�
<br /> � provlded for In any of the Loan Instrumentso�by law upon occurrence of any Event o1 pe/IIUIt,includmg without limltation the Nght .�
<br /> � :.:o��ta'.,'.^0 2.o i,v::o:vf�iie.i-uriner,ienr,ia�'s rignis ano rems�ies unCer tniS pe►�graph shall be cumulative w►th,end in n0 way a -
<br /> ! limifation pn,LenGer'�rip�t�and remedies under any assignment o1 Ieases and rents recorded agamst the Prope►ty.lender,Trustee =
<br /> end the recslver shall bs UaDle to acCOUnt only for those�enta actua{ly received. -
<br /> ' 11. Ewnb M DMwlt.The tollowmg shall const�tuta an Event of Deteutt under th�s Deed ot Trust.
<br /> (a) Failure to pay any inatallment of princ,pal or�nterest oi any other sum secured hereby when due; �
<br /> (b) A breach oi or detault under a�y prowsion conta:ned�n the Note,th�s Deed of T�ust,any of the Loan tnstruments,or any
<br /> Other lie�or enCUmbrencg upon the Propetry;
<br /> (c) A writ o!executipn o�attachment or any sim�lar process shall be entered aga�nst Trustor which shall become a lien on
<br /> the Properry or any p�ortion thereot or�nterest therem:
<br /> : (d) here shall be filed by or against Trustor or Borrower an act�on under any present or future federal,state or other
<br /> �
<br /> st8tute,l8w or regulation relating to bankruptcy,insolvency or other relief tor debtors;or there shall be appointed any trustee,
<br /> �eceiver or tiquidator of Trustot or Borrower or ot aiI or eny part of;he Properry,or the rents.�ss:,es or profits thereof,or Trustor
<br /> ; or Bo�rower shall make any general ass�gnment tor the benef�t af cred�tors:
<br /> (e) The sate,transfvr,lease.assignment, conveyance or further ertcumbrance ot a�l cr any part of or any interest�n the
<br /> Propetty, either voluntarily or involuntarity,uvithout the exp►ess wntten cor�sent ot Lender: prov�QeC that Trustor shall be
<br /> permitted t0 exeeute a leasd O!the Properry that does not COntam an option to purChase and the term of v�h,Ch does not ezceed
<br /> one year,
<br /> - (n Abandonment ot the Property: or ,�
<br /> (g) ItTrustor is not an�nd�v�dual,the�ssuance,sale.transter,aSS�gnment,conveyance or encumbrance ot more than a total
<br /> ; �..
<br /> • of���_percent of(if a corporat�on►�ts�ssued and outstand�ng stock o►(�t a partnersn�p)a totat of percent of `
<br /> partnership interegts durinp the periad th�s Oeed oi Trust rema�ns a i�en on the Property.
<br /> � 12. RMn�diN;AcCNNaNOn Upon ONauit.In the event af any Event of Default Lender may.w,thout not�ce except as requued by
<br /> , law,deelare att indebtedness seCUred heret�y to bo due and payabte and irya same snau tr.ereupon trecome due and payable
<br /> wiMout any presentment demand,protest or not�ce ol any k�nc! Thereafter Lender may.
<br /> (a) Demand that Trustee exerc�se the PaWER�F SALE granted nere�n and Trustee shan thereafter cause Trustor's
<br /> in28test in tfie P�ope.rJr to be solc�artcf !hc pro�e�ds ta b8 d+Stributctl,8i}����n�anner provided i�the f�{9br�gt�s�TiuSt l7eeQ8
<br /> Act
<br /> (D) ExerCis� any and al! nghts prov�ded for�n any of the Loan instrumen�s o► by�aw upon occu�rence of any Event of
<br /> Detauit and
<br /> (c) Commence an act�on to torecfose this Deed at Trust as a mortgage,appo,nt a rece�ve►.or spec�t�ca!�p entorce any of the
<br /> covenants hereot.
<br /> No remedy herein canterred up0�or reserved to Trustee or Lender�;�ntended to b�excius�ve of any other r�medy here�n,�n the
<br /> Loan Irtstruments or by law provided or perm�tted. Dut�ach sha�i bQ cumuiat�ve. shaii be+n 3ad�t�on to every otner remedy g�ven
<br /> Aereunder,in the Loan Instruments or now or hereafter ex�st�ng at law or�n eyu�ty or b�staiute.and may be exerc�sed concurrently,
<br /> independently or success�vely
<br /> 13. TruNN. The Trustee may res�gry at any t�me w�tnput cause. and Lender may ai any t�r,�e and w�thout cause appo�nt a �
<br /> successor or subst,tute Trustee.Trustee shdll nntbe I�abieto any party,:nctud�ng w�t�out��m:tat�en LQnder.B�rrowar.�rusto�o►any
<br /> purc�aser of the Properry,tor any ioss or damage unless d�eto►eckless or w�iifui m�sconduct any shai�nUt be requ�red to take any
<br /> aCtton m CQnne�t�On with th� eni�rcement ot th�s Deed ot Trust uniess �nQemn�f�ed. �� r�r,hng. tor a�: cosis compensaLOn o� '
<br /> expenses wh�ch may be assoc�ated therew�tn in ad��t�on.7�ustee rnay become a purcnaser at any saie cf t1�e Property;�udiC�al 0�
<br /> under the poxer of sale granted here�n►, postpone tne sa�s of aii or an� pnrr�on o! 1nP Proee�ty. as.pr�,e:de6 hy !3W. Qt S£I: 1h�
<br /> Properry as a who�e, or�n separats parcets or rots at Tr:,stee's d�screi:on
<br /> 14. Fe�s and Eap�ntef.�n th�event Trustee sefts t�e Pro�ert,r by exerc�ss o'po+�e�of sa�e.Tr�stee sha!'tre ent�t�ed to apply
<br /> � any sa[e proceeds��rst to payment of at1 costs and expe-�ses ot exe�c�s�n�p��,er or saie .•�ciu9^g a��TTUStee s:t•es and Leride��s
<br /> and Trustee'sattorney'sfees.actuacty�ncurreti toe�tent�erT�tted b,�app!�C3hf9'3r1 ;�ihQ e,r(?nt BO��ONE'r�•T��S'�r exarC�S@S 8�Y
<br /> r�c�ht pvovrded by law to cure an Euent ot D�f��tt.Lende-sha��be ent�t'Ed 20 +BCC�F! !rUh� TrUS'�J�3��COSIS���NxpE•�SES 3G'�a�y Iti
<br /> �nCUrrg(�a�a roc�,��t n4 TrtrS'.Or S��r3u�t, +••�'U�;�� ::;:�:,;t t.,,�'3t a� 6;� 'r�5"ee a d� � ���tu•��e�s =ees- �� •^E l�te�t ce�r�,ne� C, �.�[
<br /> appl�cabie Iaw T i
<br /> 15 Future Advancet. Upon •eaucst of Ciorra:.er. _er�e� �a� at �ts ODI.p^ .. ,�,E� ;ty���•., ,�•,� � ,�.,•. .,.:,,,• . .•, ,..: •e�
<br /> adva�cE�sto Borrv�ve� SUGh il'�vclnCES���'B3�.d�'�ES. ..�tr'.r!t'ESe r•-E•'/'. ' ti�.�• �^.'S!',a J,-1.^ ' _ . . ' � �a • •
<br /> the pr�nUDa�am�u��t�t tne�ntleble��•rs�;E�t�,•ed t.,�n�_�Dee:� ,�T•.�,t _. _ ..y ti , , � . �. +�• �•�.•
<br /> �2ed ot TrusS excee;` tn� �•�� cr p�.�� p., a«•:,.r s!a��y ^e-t. .. , � s .�. .• , , • � , l
<br /> ' � r. . .�' . ,•. ,,t.,
<br /> �
<br />
|