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<br />ss -402635
<br />Lender to protect the security of the Note tc .1 the performanra of all covenants an(' agreements of Trustor set forth heroin, and (d) all
<br />present and future ,ndebtednoss and obligations of Borrower (or any of them if mere than one) tr Lender whether direct. indirect.
<br />absolu!e or contingent and whelller arising by note, g;,aranly, overdraft or otherwise The Note. this Deed of Trust and any and all
<br />other docuents that secure the Note or otherwise executed rrr connection therewdl, irciudmg without limitation guarantees. security
<br />agreements and assignments of leases and rents. shall be referred to herein as tea `t.oan instruments"
<br />Trustor covenants and agrees with Lender as fotluvis
<br />I Payment of Indabtadnais. All indebtedness secured hereby Shall be paid when due
<br />2 Title. Trustor is the owner of the Property, has the right and ai;tlinrity to convey the Property, and warrants that the lien
<br />created hereby is a first and prior hen on the Property, except for hens and err urnbrances set forth by Trustor In writing and
<br />delivered to Lender before execution of this Dead of Trust. and the execution and di ?hVery of this Deed of Trust does not violate any
<br />contract or other obligation to which Tiuslor is subject
<br />3 Taxes, Assessments. To pay before delinquency all taxes. special assessinerts and all other charges against the Property
<br />now or hereafter levied
<br />4 Insurance. To keep the Properly insured against damage by fire, hazards included w,th,n the tetm "extended coverage ", and
<br />such other hazards as Lender may require. in amounts and with companies acceptable to Lender, naming lender as an additional
<br />named Insured, with loss payable to the Lender !n case of loss under such policies. the Lender ,s author,aed to adjust. collect and
<br />compromise, all claims thereunder and shall have the Opfian of appitting all or part rf the insurance proceeds (i) to any indebtedness
<br />secured hereby and in such order as Lender —all da;r, c7;.r. r = =. Ins to the Trustor to oe used for the repair or restoration of the P17perty
<br />or (ill) for any other purpose or object sWinfuctory to Ler`l;lc w ThCt:f iifit ?rtiftg the hen of this Deed of Tltat for The full arr"ilf Secured
<br />nereby before such payment ewer took ;:!ace Any aapt)catior, O' pryf'ei:ds to irdebtedness shall nat extend Or postpor•i? the due
<br />date of any payments under ire Ncte. or cure anv defa,J! thereunder or herei, -th; -r
<br />5 Escrow. Upon written r1+:mand by Lender. Trusts* shad pay to Lender n= si,ch manner as Lender may designate, sutf!clent
<br />sums to enable Lender to pay .iy they become due one r,,r inote of the followim-,, (I),i ;;l taxes. assessments and other charges against
<br />the Property, Ill) the premiums c,^ the prriperty ,nS�o3.• ' reau!red hertlunder and fio the premiums on any mortgage insurance
<br />required by Lender
<br />6 Maintenance, Repairs and Compliance with Uifirs. Trustor shall keep the Property In good condition and repair, shall
<br />promptly repair, or replace ar.I - pro,,en,ert wt, w), r ;,3x he darraged or destroyed sria!I not commit or permit any waste or
<br />Jetenoration of the Property. st•aii not remove do >n;r,. y1-• rrr substantially alley any of the impwwements cr rt•e Property, shall not
<br />commit, suffer or permit any act to be done Ir or upc:: if•t;,Prope-t.[ w onlahon of anv law" ordinance. or regulat'On, and shall pay and
<br />promptly discharge at Trustor s cost and enpense it,' •,errs dncwnl0i antes and c harges levied imposed or assessed aqainst the
<br />Property or any part thereof
<br />t' Eminent Domain. Ler`.er,s hereby assiyr.ed i0 i.:.•;:rpenSat.0r, awards, damages and other payments or rel+ef;her- in after
<br />Proceeds") in connecbo^ w!h condetnitat,on �i C1'.i' tak- ^g of file P, pert„ Qt part thereof. Or for conveyance -n lieu of
<br />condemnation Lender sha -, 1_tie entitled at its ophcr U:, 'on,mence. appear in 31•:. prosecute in Its own name any action or
<br />proceedings. and sh; li alsc. Cv= entitled to make any cc!*-r:r,irrse or settlerren! ; : -r.P :'rf. with such taking or damage in the
<br />event any portion of the Plc eery ,s So taktan or damage:. Lolaer shall have the rp -:n i'is s; 1rr and absolute discretion. to apply
<br />all such Proceeds. after dedict;ry all costs ^curred b, ' ... c-ro.' : :. :n with such Proceeds. upon any
<br />indebtedness secured hereby and in Sucf c.der as Le^: _t: ' : ,, 0e'A• lire or t: a ^o'; al' sucr• Proceeds, after such deductions, W
<br />the restoration of the Propel!,, .pon such condtlinrtS a • ' .r r ^a•. delerm ,-e Ar_ application Of Proceeas tc nclebtedness shall
<br />not extend or postpone the •1.ue dale of airy payr,lCnl:s v • : :t r t-e 'v: e r 1-we a °. "efault Mereundei or 'IiereJ lamer Any unappired
<br />tunas shair be ha -a tv r rus:cr
<br />A Performance by Sender. Uaon the occurrence of an Ever,+: •;� Default hereunder. or .F a ^y act is takers or legal ©roeeeding
<br />commenced which mateha!ry affects Leride' s intccest in the Prol.,erty. Lender may in its own 1 scretron, but without obi ga; +on to do
<br />So and without notice to or de.•rand upc^ r•.ster a-r; ,,•!hour releasing Trustor iron any obligation do arty act which Tr,ator has
<br />agreed but fails to do and rnas also do "r e:he, a :1 ! : :teems necessary to pri�tert the security hereof Tr.slor shall• im-iec! :ate',
<br />upon demand therefor by Lender. pay tc '_e-der a • :cs " =' and expenses incurred and sums expended by Lender in conneclror, ir. tin
<br />the exercise by Lender of the foregor" y ' S" t1,, together with interest thereon at the default rate provided in the Note, wh•c! -, S?;21' be
<br />added to the indebtedness secured ^c•eby Lender ;h;tn not incur any liability because O! anything it may do or O^." to do
<br />hereunder
<br />9. Hazardous Materials_ T•ustor shall keep Ilie wroc'erty in cornpliance with au applicable laws. ordir•,ances and regulations
<br />relating to industrial hygrere cr en•,r;ronmental prates •_i' ico!iecl,vely referred to herein as ' Enwronrrgni2'i ";awe ") Trustor shall
<br />keep the Property free from all substances deemed to a nazafdous or toxic under any Environmental La resrcollectively referred to
<br />herein as 'Hazardous Materials') True .-r hereby warrants and re` ^esents to Lender that there are no Hazardous Materials on or
<br />under the Property Trustor hereby agrees ?•c indemnify and hold ha, �niless Lender. its directors. officers, employees and agents, and
<br />any successors to Lender s interest, from and agars' ,any and ail claims. damages. losses and liabilities arising in correction with
<br />the presence, use. disposal or transport of any HaZa*doug f;tater,als on. under from or about the Proj rerty THE FOREGOING
<br />WARRANTIES AND REPRESENTATIONS, AND TRUSTOR S OBLIGATIONS PURSUANT TO THE FOREGOING INDEMNITY. SHALL
<br />SURVIVE RECONVEYANCE OF THIS DEED OF TRUST
<br />10 Assignment of Rents. Trustor hereby assigns to Lender the rents issues and profit; `^rf ^he Property; prov,dea 'hat Trustor
<br />shall, until the occurrence o! an Event of Default hereunder have t ^e right to collect and rela,r. Such rents •ss::es and profits as they
<br />become due and payable Upon the occurrence of a- Event of Default Lender may. either in person cr tt, agent. with or without
<br />b!:nging any action or proceeding, or by a receiver app ^led by a court and without regard to the aler;ja•cx of its security, enter
<br />upci,..and take possession of the Property. or any part v ereol. if, its own narr.e Or in the name of tt e'•'ustee, a ":d do any acts which it
<br />dere-7,is necessary or desirable to preserve the va!ue. marketabwty orl rentab,hty of the Property •Dr "a.a part thereof or interest therein.
<br />ir,, reaSe the income therefrom or protect the security hereof a nd. ,Y•th or without taking coos ss,f :n o' the Properf)•, sue for or
<br />otrzrw6•,Se c .Qect the rents. issues and profits thereof. inc!uding trose past due arc) u ^paid aad apply the same. less costs a ^d'
<br />eft( i .es of operation and collection including attorneys fees. upon any mdeble :'it YY ser_wtio f•t niuLy, a! -ri -such Order as Lenv.e'
<br />ma.y determine The er•tenng upon and taking possession of the P'operty. !re coaecnon of such re,•ts ,ssue5 and profits and We
<br />application thereof as aforesaid. shall not cure or waive any default or notice of default herhur+rJer or invalidate any act done in
<br />response to such default or pursuant to sucr notice or defau ;t and notw.tnstand:ng the continuance in possession of the Property or
<br />the LoileLhcn rtrcelj'u acid appncal.on o! rents. issues or p of rs and Tyu516e and Lender shad t.6 elicited to exercise every right
<br />provided for .n any of the Loar. instruments or by law upon Occurrence of any Event of Default. includ.r:g without limitation the right
<br />to exercise the power of sale F ,rtner Lenders r ghls and remedies under ihr; paragraph snail be ( urT ulahve with and in no way a
<br />:im :Ultion on, Lender's f.ghts ar'd remedies under any assignment of leases and rents recorded against the Properly Lender. Trustee
<br />and the receiver shall be ltab!e to account only for !nose rents actually reLL-Vied
<br />t 1 Events of Default. The !oiiow,ng sf:all constitute an Event of Default ;ih'Jer 1. ^.is Deed of trust
<br />(a) Failure to pay any •r,Stallmeni of pnnniprai 0' nterem o! any Ufhf _ jr," S„,,i..•rJ r- erc,by Mlw) diw
<br />ibi A breach of or defau -t under arty pru -.: s,o't LU',ra,red :n the 'J Jte !v-s Dee o of �r..qt wq r :' thy L im- InstwirimntS, or any
<br />,;!tier lien ar encurrvance upon the Properly.
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