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<br /> "�r} - � �- 01-a7-1989 D�OF 1RUST a�G��.'�(}�`�n�� Page 4 t , �::
<br /> .�� `�':E �� Losn No 861864 (Cor�nue� -
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<br /> . r�,;�.` fiEd�AiTY AQRE�T:FIFJABICIi80 STATERffi�ITS. Th9 to9ovit�Drovisions reie�n8 to @�TS Oe�d ot Ttust as a securtlf►a9reemar►t e�e s patt of ^.�:.� ✓z _`
<br /> ' = thfs De00 otTr�st. '-
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<br /> �pgreament, m�s G,swcn�a snau ca�unde s s�tsrHy►a�eement to me mdent�r o�aie Proa�N�arsGtutes rudures�agter .
<br /> w � -�� ,
<br /> -- .`'� '•` `'. ,` pg��pr�DedY.and Lender stiaD Nave eU of t!�dghts of a aepaed Darh�un�the UniPorm Commercial Code as amenQeA trom tlme to , �,•
<br /> , ._''[�•t ':�_`_ � ` �
<br /> ' ` � sffieame�ts and fake whatever oth�actlon is requasted by Len�er
<br /> �. geptttry!nt$sesf. lJOon re4teest by t,ertder.Tnstcr sA80�ut9 8nandn9 tN5 Oeed ot Tnaf ln the reat 1 f_�
<br /> � � ' � to pertect and cantlnue Lende�s s�urdY hderes!In tlte Rents 8nd P�ersonal PrapeRy. In ad�on to recordin8 ; °`
<br /> �c.� � ,T-; ---�.: prop�ty r e m t d s.L e n Q e r m S Y.e t e n l l tl m e e n d wtlhaut flttU�eutl�r+irom Ttustnr.61e�d cou�erPsrts.eoDies a�ons ol _
<br /> - � "� thb Deed of Tn6t as a ftnancing stalemsrA- Tnstor sfiaf r6hR0u►se t�+deF for aN�I�curred ln peAe�tln9 or co r�Bn U f i s s e e u d l Y j -_
<br /> --�.�*-�*�.� ird�est UPan de[suEt Twtor sha8 assemble the P+arsonel Prap�tY in a manaer end at a ptaoe�easonabry comreNent to Trustar ar�d Lender ��`' 4 r , -
<br /> � . �". l�,.x,�f u� and make 8 avallabia to Lend�wiWn three(3)da1�s a ft e r r e o e i A i ol written demand irom Lender. '`.�`` _ . '
<br /> , � `� A Q Q r o s�. The rt�A�B addres�es of Tn�r(d�tor)and lender tsewred D�f►).irom wtilch irdormatton corcerNn9'me seauitY i�r�t �',<-r � , F:
<br /> ' S `c ` gr�tad py th�Qeed of 7ru5t maY be o b ffi t n e d(e a c h as r e q u U e d b Y t R s U n i t o rt n C o m m e r d e l C o d e�,e r e a s s t a t a d an the fust p a g e at Ws Oeed ``` ` ry � :
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<br /> of 7tus1.
<br /> �� ` - q!R'iNF�'i ASSURANCES:ATTORNEY-IN-FA�Ci. The toAovAnA provistms retatlng to further essuranaes and attWrte�Nn'dad ere a Os�t Ot this o £ e�
<br /> � 4 s•, pggd of Ttusl. `s "
<br /> �r `. ., o.
<br /> �q�u�f�. A1 anyr fime.and fram tlme to time.W on ts4�o f L en d a r.T n i s t o r v�ID m a k e.�a n d Q e 6 v e r�o r w01 C�s e to be � � z' �.
<br /> ��. 4 � s made,mce�euted a de4vwed.to Lender m to Lendefs dastgnea.and when reqtt�tad by LenQer.cause to Ee Red.recorded.raQed.ar ;-
<br /> �e p r d a d.as t h a e a s e m a l►b e.a t s u e h t i m e s e n d I n s u r��a n d p t a e e s as Lendar may deem apOroD�.�1►and e0 sueh m�. ,E� ;
<br /> �` , '� �: Eeeds af trwt,�!►dssds.seauttY a9ce�me�s.6nandt�9�co�intmfion sfffiemert4.lr�umerAs at t�h e r assurance.o�. .
<br /> �. :' _ ,c +. - end other dacuments as may,fn the sote aptnion oi LenQer.be�S►or des7ra6te tn ord�to eftechrete.comA�ete.Derlecl.eor�9nae,or -`` �, � �r .
<br /> ��`. : . � , presetve t8)U�e obtlgaUans of Trustu under ttie Note.this Deed of Trust,and the Retatad�ocume�+t s.and (b)t�e Qer�s and sect�rilS►i�1s � ,. `,';iaA�,
<br /> ;� a... ' Z : �e�p�y tQ�tDeed ot�T�asby Lender ht wrid 9 T tnutot st��mburseerl.ender for sU�rcosts and e�en"aes Inc�rteCrin connec an with the �- �Y
<br /> �� Y � matt�rs reterted to in thls paragraph. `°�:.
<br /> Lender may Qo so for and in the name of �, -��
<br /> ��.;'r �. . AttomBY��� �Tn�stor fals to do enY of the things�d tori��caDbry ep�Do����Trustots aSOmeW^-�tar the V�apose =J �•,�,_
<br /> ��= Tn�stcr end at Tnuto�s e�QPe�ue- For such purD�s.Tnstar Y ,
<br /> :`.•`� . , �. of maldng.�ecuBng.dedveting,fi�n9.recordfng,and doing e0 other 1NrtSs as�maY be neC�a►1►or deshab0�.M Lendds sote opiNon.to , `� ,�
<br /> � ` : � axor�r�h�ne r�asers�ereRea m�me p��e Pe�afev�+. �
<br /> ��
<br /> �tE �'--�•�=� �.L pEttFORMAHt�E. lf Trustor pays a0 the Irtdebtednesg urhen Cue.and ottierwlse oertorms eU�e obligaSor�irnpased uACn Tius�r under tNs �,�:
<br /> � � tt� and shaD exacule and deUver to Tn�ar su(tabie
<br /> � . .....'G`. O�Bd of Tntsf.Lsnder sl�au execute and deRver to Trustee a request tor fitA �ecomreYa��e
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<br /> �� � smLamert�s ot terrnlnaRan of any ftnandng s�temant on 6T9 evtQendn9 Lendmi's securihl�n�in the Rards an0 the Pe�sortal Propedyr. AnY '�.... �r`-
<br /> , ;� raeomreYance tee�equhea by Iaw stiall be paid Dy Trustar.H PenNtted bY ePD�eble law. `= o [�'�
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<br /> �� �• '- ` OffA1�T.Each of the foQOwinB.at the opUon of Lender,shaA cons�ute en eve�of Qeta�dl("Event of Oefaul�under thls Deed of Trust
<br /> � •.. .,� ' � -?�era+
<br /> DefauR on In6ebtedne&a Faiture ot Tnistor to malce asry DaYme�when Que on the Mdabtedness. e�tor t�aes ar ins�aance.or � - -
<br /> f 2 • T -
<br /> ,, �. Oetatdt on ODie�Paymerrts. Failure of Tnstor vdthin ttie ttme re4uhed bY tAis OeeO of Tn�st to make enY P� �,�s _
<br /> .;' , . . any other paymen t n e c e s s a r y►t o p r e v e r d fi l i n g a f o r t o e N e d d l�c h a r 8 e of a i►Y Qen. . " r�.;-
<br /> ��';: . Detauit M Favor of ThW Parite9. Shoutd Borrower or enf�'Tnutor detaNt under arry toao.wder�ton of credN.security a9�e9men►.Vurc�ase or :�`.'�:?:3'f::
<br /> sat�ag�8ect�►rt.or aml other agreemeM.in tavor ot arry other ixedttor or person that maY materfaity etfed enY of 8o�rawer's prapeR7l ar r�rt"
<br /> , , • j _
<br /> �,�, ., f• Borrowers or aayr Tnstofs abdily to repay the Lcans or peAarm theh respective obQgatto�under this OeeO of Tn�st or arry of frie R�ate4 •� :
<br /> �st�. . . DoeumeM.s. �` s =v .
<br /> �, ' . �p�p{igppg Cgteuit. Faiture ol Trustor ta compty wfth ar►l►olhe►term,ol�ilpaHon.covenant or conQ'�lon co�elned in this Oeed o!Trust,tfie +.��
<br /> '°„'� . , . . Note or in e�ry mt the Related Dacumerds-
<br /> �`�i]?-; . �
<br /> F��temente, q„y war►anry,represeMatlon ar st8temen t ma de or U a n t s h e d t o t s n d e r b y o r o n b e fi e 1f o1 Trttwtor under thLS Deed Of Tnist, ,;'_ �,;. . _^_.
<br /> M -
<br /> �'•� � . ° The Note or th0 Refated Oocumerrts is fetse or Msteadtrtg In eiry material resyed.eqhar now or ai the 8me maQe or tumished. =�'r,.
<br />. fx . . '� � : �'
<br /> �s< ' �. '`'."t pe(eetWg CollatereLl�rtlen. This Oeea of Trust ar any►of tha Reiated Oocume�ris ceases to be M t u 0 tor c e a n d e f t e c t p n d u din g f a i lure of a r ry
<br /> � copateraf docume�s to ereate a vaRd and peAected securfty tnferest or Iien)et arry Ume and iw arry reasen. , n, _
<br /> , �
<br /> . � { peattf or InsoNenry. The death ol Trustor or Me diswtutlon or terMnatlon of Trustofs exlstence ss a going busines9.the insaNens!►o� 4: � ;� ;
<br /> �� . . ' , TIUStOr.the eDPoinbne�Of e reCelver fOr 8rry peA Of TtuStOrs property.a�Y esst9"menl�or the beneflt ot credto�s,any tYpe ot aed(tor wmkoN. � �a -
<br /> �`` . ' , or the commencement ot anl►Vroceed�n9 unQer anY bankrWk,Y or tnsoNeneY laws bY a►e9�nst Trustor. _ , �_
<br /> `!,
<br /> Foreeto5une.FortelWre.etc. Commenoement of toredosure ar tor(eihue OroceedinSs.wAelher bY Iu�iciat Proceeding,sett-hefD.re0�on .
<br /> or anY oUter method by any c�tor of?rustat or by anY BovemmenTal a90�Y 89��a"U of the PropertY• Howeva�.thls subsedion sha�1 nat . ''�
<br /> ,.., .��,, ip��proCeedl 9.Pravid d the�n�tat gtves�Le der vrt(tlen nOUee Ot SuCfi dafin e d thtunisABS teserv6s ot 9 stuety bOrtd f0��h�9 C18itn .
<br /> • ,.;;`' . . .t•:• sati.stactoN to I.ender.
<br /> �t�.. -.. .
<br /> .,z,. . Bre6eh of Othe►AgreemeM.MY breach by Ttustor unQer ihe terms of any othet a9reement between Trustor end tsndet thai b not temedte4
<br /> ; wi1Nn arry g►aee Dedod QroviOed therein,indumrtg wlthoN fiMlaNOn atry a�aement wnCeming artyt tndebtedness or otRer obflg89an of Trustar
<br /> ;-.;��:� • ' `� to Lender.whetder exKling now or tater. .
<br /> �'`�'�;•:� . ' ��.�# Eventa AHeetMB Guarantor. Any of the precading evertts axu�s with respect to any tivarantor of arry of the Indebtedness ar arry(iueraMa►
<br /> �•�``!�� �- dia,pr becomes IncompetenL or revokes a Cisputes the va�dlY o1�or liab�iry under.aaY�ua►antY ot the Indebtedness. Lsnder,at iIS opfion.
<br /> '�s-;:: .�• � may,bN shall nof be required to.permit the Civarantors estate to assume uncondiUonalty 1he obiigatlo�ar�ing under the guaranty in a
<br />_ y:.''_._v � manner satigfactory to Lender,and.ln doing so,cure the Event of OetgNt. �
<br /> }.: ,
<br />. °•, .' • . p�yg�se Change, A mateda� adverse chaage occurs in TrustoPs flnanGai condidon, or Lender belleves 1he prospect o1 paymsr� or . .
<br /> :i,;.�•.�p. . performanoe of the Indebtedness Is►mpaired. ., �:
<br /> ,�; ;..-.
<br /> - • • fnS�Cadly. Lender in good feith deems itselt insecure. . .
<br /> ��:i1'.:, � , � ' Rl�f to Cure. If sucb a faiture�Q curabte and if Trustor ha9 not 0ean given a noUoe of a breach of the same Orovislon of thts Deed of Trust
<br /> � ..,,
<br /> ��''�� • � • within tAe preoeding twetve(12)monlhs,li mey be cured(and no EvBnt of Defaull wiU have oCCUrted)if Trustor,after Lender send9 written
<br /> oc
<br /> ±`-.: ' . ' � - notiCe demanding C�re of suth fadure: (a)cures the laiture within fifteen(t5)deys:or tb)if the elue requires more than flfteen(tb)day9.
<br /> y:,�:�.:.�_. Immediatety IMUates steDS suHiclent to eure 1he failure ana theresRer contlnues and Comptetes ail tEesoneble and nee65s�uY�DS S�nl to
<br /> �.:. � produoe comptlance as soon as reasonabry precflcal• . '
<br /> ��}:�::::' ,
<br /> .?��'�� � i�IGHlS AND REl1lmtES OAi DEFAULT. Upon the oocurtenee of 8ny Eveet ot Defautt and af any Ume thereafter.Srostoe or Lender,at tt9 opdon,
<br /> . ::�: .
<br /> :;�., ,. � ' rrmy e�cercise any one or mare of the tollowing dghb and remedtes,in eddiUOn to eny othe►righls ot remedias proNded by law.
<br /> 4f` '_. . . _ . . � ,
<br /> A c e eterffilon u p on Detautf;AQQitiona]RemeQtes. H any event ot CefaNl occur&as per the terms o1 the Note seeured hereDy.Lender may
<br /> � dedare all Indebtednsss secured by this Deed of T�usf to Ce due and payab;e and the same sha�llhereupon become due and payabie�thoN .
<br /> .��,,:'�. ' ' ' • any Dresentmenf,demand.protest or nouce o1 any kmd. 7hereafter.Lender may. :
<br /> �'i:.:..:'_ .
<br /> t.. ••q (a) Edher in pe�son or by ageM.wd�m urilhoul bringing eny HCtlon or ptoC@eding,or by e rece�vet appotnted Dy a couA 8n4 w�lhout
<br /> ��'{-`_�. � _ . . , �_�� regard to tne adequacy ol its securilY.enler upon end takA possess�on o�Ihe P►opeM•or eny part thereol,in its own nam0 or in the�a�sa .
<br /> ''�' 01 Trustee.and do eny Bcis whfth it deems necassBtY m deshaD�e to Wre'aeNe the wa1u9'marketabi�ity Or rentabifity o�the ProyeiN.or patt •,
<br /> ����:�� � � of Ine Propeny a mterest in the ProP�Y inereese the ineome hom tne P►opetty or protect the SBCUnty o1 the Properry:and.w�th a vdtnout :
<br /> :�::j � j teking ppssessron of the ProDerty.sue ta or otnerwlse coIIe�t the renta.�ssuas and profAS of�he�opeAy.�nGuding those past dua and � .•
<br /> unpa�d.end appty tAe same.iess ccsls artd e�er�ses o1 operation and co�tectlon.induding attornoys tees.to any�rtdebtedness sacured ,
<br /> + Oy th�s Oeed o�Trust,an�n sucn order as Lender may determine. Tne entenng upon end tak�ng po��s�on of the PropeAy,the tailetGOn
<br /> .�:;'`�` . � • � p}e���h ren�.�ssues and v�ofits.and►ne epphcahon thereot stmll npt cure or v�a�ve eny detautt or nohCe of default under this Deed of TrWt '
<br /> "•`' � o�mvahdate a�y act tlo�e m response ta suCh detault or pursuant to such noUCe of defeu�l:and, rtolwAhstandmg tha Confinu3n00��
<br /> � '-�' oossess�on o}►he Properfy or ihe tol!ethon. retetpl e�d 3APhCabon o}�ents. �ssues or profits.Trustee or Lender shall be entiLed to
<br /> •�• � ...,,,.. ,�.n mw�mnn tAa xcu�re�ce of a�Y event of detau�t,mdudn�ihe '
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<br /> �� G !� '. r,C�ht f0 Bx8�Ci50 tRe PO"N2r of Sd�9. � � ,_� .. .
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