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<br /> Q�-�4--�999 dEED OF TRUST Page 2 �
<br /> Loan No 762655 q��d��� (�ont;nued) °
<br /> future leases of tiee Propeity and a)1 Rents from the Proparty. in eddifon,Trustor grar.fs Ler.der a Uniform Commerciai Code socurity interest In the
<br /> Rents end the Persona!Property�;efineA below.
<br /> DEFINfTt.�NS. The foCOwing words shatl ha_�t�.a f���v,;ng meanings when usad ir:ihh Geed of Trust. Terms nol otherwise defined in this Deed ot '
<br /> Trusl shap have Ihe meanings aflrihuted to such lerms in the Uruforrq Commerctsl Co�Je. Ail reterences to dnllar amounts shall mean amounts in �
<br /> Iawfui money ef the United States ot America. .
<br /> Btntflciary. The wo:d Beneficiar�means Fivs Points Bank,iLs suxessors 2nd ass+gns. Fve Points 3ar':also is referred lo as"Lender"in
<br /> this Deed cf Trust.
<br /> Deed of Trust. The words"Leed of Trust"mean fhis Deed o!Tn;st among Trustor,Lender,and irustae,and includes withoul!im�tation atl
<br /> assignmant and securi!y i�terest provisions relating Ro the I'e�sonai Pr�perty and Rents.
<br /> Guarantor. The word "Guarantor" means ard inciudes without Gmiiation any and etl gusrantars, sureties, and accommodation parties in
<br /> connectien with the Inde�tedness.
<br /> ImFrovements_ The word 9mprovements'means and includes without firr�i9ation e:f ex'ssling and future improvemenls,buildicigs,struc;urxs,
<br /> mobile homes aNb!ed on the Reaf Property,tacitities,additions,replaceme�L snd other construction on the Rsal Property.
<br /> Irtdebtedness. The word"indebtedness"means all priricipal and intsrest payable under Ihe Note and eny amounls exp9ndeC or advenced by
<br /> lender to discharge obiigatfons of Truslor or expense35 incurted by Trustee or Lender to enfores�oblfgatfons of Trus!or under this Deed af Trust,
<br /> together with lnterest on suc�amounts�s provfded in this Dced ot Trust. k .
<br /> lender. The word"I ender'means Flve Pofnts Sank,its succassors and assigns.
<br /> Hate. Tht word"Note°mean3 3he Note dated January t4,1999,in the principal amount of 528,000.0(3 from Trusvi to Lender,
<br /> , t6gether with all rar.ewa�s, extens:ans, modiRcaHons, reBnancings, and substltutions for fhe Note. The maturity data of thls Doed ef Trust is
<br /> January 15,;?OOn.
<br /> Persor.ai ProperN,. The words "Personat Propert�' mesn all ec�uipment, fixi�re�, o�:: olher artictes of personal proparty now or hereaHer
<br /> ownsd by Trustar, and now or hereafter attached or affaed to lhe Real Property; together with afl accassions, pa�is, and additions to, �II
<br /> repacemen�e oi, snd atl �ubstilulions for, any of ,uch properiy; and togather with ei1 proceeds (inctuoing wiihouf Lmitatio^ e, insurance
<br /> proceeds and�3funds of premiumsj hom any saie or olher dispasition of the Properly. '
<br /> Property. The wcrd?roperty'ma2ns colleclively the Real Property and lhe Personai Property.
<br /> Res�Propert��. The words'Real Property'mesn the prope�ty,interests a�,d rights described above i�tha"Conveyance and Grant"saction.
<br /> Refaltd Documents. The words 'Related Cocurr�erts" mean and include without Iimitation all promisscry notes, credil agreements, loan
<br /> ag�e4merts,envirormentai agreemerts,guaran6es,security agreements,mo�gages,daeds of Vust,and all other inslruments,agrEemenl�and
<br /> dor,r�ienfs,whether new or hereaRer e�osling,axeculad in connection witi�the Indebtsdness.
<br /> Rent�. Tha word"Rents"means all present and fuiure rents,revenues,income,issues,royalt�es,profits,and other bene(ts derived from ihe
<br /> Property.
<br /> Trustee. The word'Trustee"means Fve Poinis Bank an�any substilule or succe�.sor trustees.
<br /> Trvstor. The word'Trustor"means any and ell persons and antities executing fhis Deed ot Tr�st,including withouf limitation all Trustors named
<br /> above. .
<br /> 7HIS DEED OF TRUST, INCLUDItiG Ti1E ASSIGN�AENT OF REP17S AND THE SECURITY IN7EREST !N THc RENTS AND�PERSONAL •
<br /> PROPERTY, IS GIVEN TO�ECURE (7j�AYMENT OF TfiE IPIL�EHTEDNESS AND (2)PERFORMANCE OF AMY AND ALL QBUGATIONS OF
<br /> TRUSTOR UNDEq TNE NOTE,THE RELATED DOCUMENTS,ANL�TH(S DEED OF TRUST. THIS DEED OF TRUST IS GlVEPI AND ACCEPTEO
<br /> ON THE FQLLOWING TERMS:
<br /> PAYMENT AND PERFORMANCE. Excepl as ctherv�ise provided in this Deed of 7rus1,Trusfor sha;l pay to L2ndar all amounts secured by tf�is Deed
<br /> ot Trust as they become due,and shall strtctly and i�a:imely manner pe,�!orm a!t of Trtislor's obligations under lhe Note,ihi�iJeed of Trust,snd ihe
<br /> Re;aled Documents.
<br /> POSSESSION AND WtAItdTENANCE OF THE PRO'64TY. Trustor egrees tha'.Trustrx's possession and use ot the Prope�ty shail be governec by
<br /> the foliowing provisions:
<br /> Posseaslon and Use. Untii the xcurcence of an E��enl at Dafault,Trustcr may (a)remain in possession and Conlrol of Ihe Property, (b)use,
<br /> operale or manage lhe Property,aitd (c)collect any Rents hum the�ro�orty.
<br /> Duty to Malntaln. Trustor shail maintain!ho Prope�ty in tenantabla condition�.!nd promptly partarm all re�airs,replacements,and maintenance
<br /> necessary to preserve its value.
<br /> Ftazar�+ous Substances. The terms"haz.irdous waste,""ha:ardous subslance,""disposal,""rele2,se,"and"ihreatened retease;as used in this
<br /> Deed of Trust,shalt hava lhe same meanEngs as set forih In the ComprFher;ive Environm2n!at fiesponse,Compensation,and Llabiiity Act of
<br /> 1980,as amended, 42 U.S.C. Sectian 9601, ot seq. ("CERGlA"?,the Suoerfund Amendmer,ts and Reauthorixallon Acl �f 1986, Pub. L. No.
<br /> 99-499("SARA'�, the Hazardous Materials TransportaHori Act,49 U,S.C.SecEon 180t,et seq.,the Resource Conservatfon and aecovery Acl,
<br /> 42 U.S.C.Section 6901,et saq.,or other appiicable slate ar Federa?iaws,rufes,or regulations adopted pursuant lo any of ll�e fcro;oing. 7he
<br /> ferms"ha:grdous wasle"nrd"hazardous subsfanc0"shaii aiso in�ude,�vithout Iimitalion,petroleum and p�troleum by-produc's or a�:7 traction
<br /> thereot and asbastos. Trustor represents and warrar.ts to Lender that: (e;DurinQ the period of Trustor's ownershfp of Ihe P:ope�ty,ih��re has
<br /> beer no use,generaHon,manu!aclure,siarage,treatment,disposal,re!ease e�threatened release of any hazardous wasle or substance by any
<br /> person en,under,about ar trcm the Prpperty; (b)Trustw has�o knowf.�dge o!,or reason to be!ieve lhal there has been,except as previoucly
<br /> disclosed lo and acknowledgeo by Lender In writing, (i)any usa,generatian,manuiacture,storsge,treatment,disoosal,release,or Ihreatenec!
<br /> release of any hazardous was!e or substance on,under,about or from the Praaerty t;y any prior owneis or occupants of the ProperN o� (ii)eny
<br /> sctual or threalened litiga:ian or cla:�ns of any kind by any person relatiny to such matiers; ari0 (c)Except as previously d��cfosad to and
<br /> acknowiedged by Lender in writing, �) neither Tre�s!or nor any lenant, cuntractor,ageni or othsr authorized user of the Properly shall use,
<br /> yene;ste,manufactura,store,treat,dispcse oi,or r�lease any hazardaus wasle or si�bstance on,under,about or hom the Propert/and (ii)any
<br /> such activity shali be cor,ducted in compiiance with all appiicable tederat,slate,and!ocaf laws,reguleuons and ordinances,Including without �
<br /> limitation ;hose laws, regu:ations,and ordinances described above. Trustar aufhorizss Lendcx and its agents lo enter upon Ihe Property to
<br /> make such �nspections e�nd tests,at Tnislors expensa, as Lender msy deem app;cprfate to determin�complisnce of the Property wilh ihis
<br /> sscfion o(the Qeed r'�:�st. Any inspections or iass made by Lender shall be for Len�srs purposes only and shali not be construed to creete
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