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<br /> ;fr��. ��Sj�,�i(cY%Sr.!.d'('l��_�`!�}q i:'s . Frlt+�: �(�r�r} -�f;t75 ��_ �ihTr��..�v at„r.:f--:. �`��i;'.;:. :.� -�r;�il� ,i�, :nr� .
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<br /> ' w�iden conaent of BeneNclary.trusta shell nof,direcNy a�ndlreally. !��af_:..---°__.
<br /> �, ' ''" � �Q, G�wnants of Tiusfor with Respect to Leasa. N��tlwu►M a� on fhereol,whethar such lease!a now w hw�a�N M�xlu°ncs: �., _
<br /> '� fi}�� '` � wlth��sp�ct ro any lesse of apece In fha Truu Prop�►N, Y P� � :="`
<br /> � nt of rent ha►eunder In excess ot one month. -
<br /> n ent.dlscounf a adwnca p+�yme :..
<br /> � .:� - (�j Atcapt ar permN anY�+roA !'�►�
<br /> ____ __ t�n wvmr ro occw wdcn wou
<br /> ;. � , . _ .�,, .�-.� _:�._
<br /> � '�t (b) CancW or temNnate fhe sama,or acc�pt any c�nc�Aador+,termJnadon o�sunender li�a►a�.f.ar f�
<br /> � +' �•��'�'•r ; oCOUr the►eunder to tennlnata or cancel the suns,ofhn than temrinrdon for nonpaYment af rent ,��W�P��� �T
<br /> . �l���:•,•)„� ,
<br /> a ro chanye anY
<br /> ; ,. ...,,..;..t� (c) Amend or madffy the same so as to reduce the term fhe►eo��fhe rentol peyable thereunder, V^ _�- __ -
<br /> .:,�� „ .. therein contelned, ' �°f.�_��
<br /> ' ' ;,��;hri'.••-�• � � (d) Walve any de/aWt thereunder or b►each thareol, '"�'"�----
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<br /> ___ 1 �.:�:'. � (e) alve any consent,welver or approval fhereunder or fake any other acNon!n connecdon therewJih,or wllh a fassee thereunder,wh + -,"——
<br /> would hpve the ellect of/mpairiny/he velue ol thv fessor's Interost the►eunder or the prope►fY sub�ect thereto,or ol lmpal�lnp the -`�, '.r, ,.�r�:�
<br /> ; ,y,, ��;�:�,.. O posldon orintereat ol6pneNalary�thenln,w .-
<br /> ;'., �,` '° � ' (� Sell,asaign,Pled9e.rno►tGape orotharwlsa d�spote o l,or encu m b e►i t a l n t e r e a t In en y sald lease a eny ienls,lsaues,Pro6fs lasufnp ,.. M, _--� . .. ,u�=,t�.
<br /> � ���,-.:�;... � �.-
<br /> � .; �• .. ,.,; ,
<br /> � pr erlsing thereunder.
<br /> 17. Weiver of Statute ot Umltadona. Tlme/s o/the easence In all of Tiustor's obllgadons an�i'cf�tees he►eun der, a n d t o t h e e x t e n f permltted ,,�.�,y
<br /> � " 1 by law,Tiustor walves ell oe�e t u ��e o!enlacing'thlat Deed o!Trust aCenY n9►►ts vr�re+►'�ed�s���eloed hereln.u�ed hereby and � �•:er� ��''•
<br /> , '.;,':' . . N any acdon a proceeding P � • `•=-,,__�_�_
<br /> . ,a'�y;r,i:;., �' � 18. Aeslgnmento�Deposlts.lntheeventconsnucdonoflmprovemenfsisconcet+'+oa���c��������eand!terestroanyendall _ ..�Y.�;___::.:
<br /> � hereby,ea addldonal aecudry therefae,Trustor hereby tranalers a►�dessi8 ry =y;�aR��j� ,��
<br /> ��":�,' ,'-: :.;., plic body or agency.sanita d�st�lct, utl111y compeny,and � �, ,;
<br /> ,�:.:•.t£� ' .2; enonles deposlted by or on behaU o/Tiusta wlth any c(ry.countY,��a any udfiry�y Trusror.pertarning to the 7rust Prope►�Y• �-',;.;t�;v,'� '� •'��"^m ,,
<br /> .,�•.5` ,any�othe�body
<br /> ,,<,.;;��;_;�:. a agency,tor the(nstallaUon a to secu►e the�nsta
<br /> S ij,•'� 19 ���ap�q�p���p F.ristence.If Tiustor is e capo►airon,generaf pa►tnership.a+limited pa►tneishlp,R wr��do all things � } :,:;.`�;�� y,;L
<br /> �, . '' ��cesserp�v�rreserve its corpaate or partnershlp existence,as the case may be.a�+d all rights and�dvl/eges un�ter�he�aws a d+e �:`5YS =,_ 'FL w�.�
<br /> �� `� �°� •� atate o/ifs iracorpo�ada�e o�o�ganJzadon. �--
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<br /> �� ., f��_�..,,,<<;,�, 20. Forbearenoe�Y Bable�aw�s�sH not be a welver�a p►eclude he erercise of any such nght o�►eme�The e►OCUrement�e�1se �z� '-`- -
<br /> ,;'.�.•'".�;-°" .•;n eltorded by aPP� ;�.;�,_�;:w,:
<br /> : b ,r��'`�•'�'�' �,_=
<br /> .;,� lnsurance or the paymenl o!�axes or fhe dlschar�e of liens a cha�ges by Bene/iclary shaU not be a w�er of BeneHclary's right to N'+�;;�t, ,r'j�,_
<br /> accelerate i h a ma t u r l ry o/t h e fi d a b t e d n e s s. �'r '�� �': . ' -.
<br /> ;� , ��. U 21. Aemedies Cumuladve.All remedles pravlded m thls Deed o/Tiust are dlsdnct and cumulafive to any other r(ght or reme dy u n d e r t h i s ,:-�
<br /> � Deed ol Tiust a eHorded by law or eqair�,and may be exerclsed concurrendy,lndependenNy or suc4esslvely. i��:�t .�; _ _
<br /> '` ' � 22. Succcssors and Aaslpns Bound;Jdnt Ar.0 Seveial Uablllry;CapUons. The covenants and eg►eements herein conte/ned shaN hmd,and ��,;:,� ,, _
<br /> �''u:., , ��( y� ...,`
<br /> the►ights hereunder shaU lnure to,the�espec6ve successors and asslgns of BeneNciary,Trusfee,and Truator.All aovenants and :�r
<br /> agreements of Tnrstor shaU be/olnt and several. tho cap6ons and headings ol the.paragraphs ol thls Deed ot 7,ast we fa � .�,:,'J,.; : • ,`, ;_
<br /> � ,..1 . � convenlence a+ly and are not to be used to lnterpret or deNne the provlslons hereof. ti �.�
<br /> •:,•. �� ,. ti,..,:; 23. Notice.Except!a any nodce requlred under applicable law to be gNen In ano t he r m a n n er,(a)en y nodce to T►ustor provlded for In thls �t, ��
<br /> , ; peed o/T.•ust shall be g��en by melling such noNce by certlNed r»all,return receipt requested addrassed to Tiustor at ifs malling ff;,;; t,�-�:e�
<br /> add►ess sei 9orth above or at such other address as Trustor may designate by nodce to Benedciary as provlded hereln,and(b)any s_4
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<br />: ;.'�;�{,'� ;- nodce to Benenciary or 7�ustEra shall be gfvan by cerdNed me��,►etum recelpt requested,to BeneBclary's and Tiustee's mallln � ;..�_
<br /> ;� �v,.;: . :�. eddress stated Aereln or tu such othe►address as Bene�kiery a Tiustee may designate by nonce ro Tn�slur as pr�r9dad hcreln.A^y t. ',�.; - .;��j
<br /> �:..,i „ nodce provlded for!n fhls Deed ol Trust shall be deemed to have bean glven to T�LSto�,8ene/lciery or Trustee when plven!n 1he �
<br /> menner deslgnafed hereln.
<br /> in l.asvr Severabllity. Thls Deed ot Trust shall be govamed by the laws ol the Stato o�ov s ons ol thls Deed of T us w:uch an �`',',. • ,�•-,
<br /> • 24. (3ovem g ; �
<br /> Ctaus9 of this Deed o/Tiusf conHlcts w lin app/ica b l e l a w,s u c h c o n�►i c t s h a l l n o t a N e C t o t h e r p `; �,�
<br /> be given ailect withouf the conlllcNng provislons and to►h�s end the provlsions ol fhls Deed oi Tiust are declared to be seve�a 2��e.
<br /> i�1,.!�. -
<br /> � " 2S. Events of Default Each of the lollowing occurrences sl,au constiWte an event ol delault hereunder, (herelne�ter celled an"Event r���� '`;
<br /> . ' 01 DetauA"): ��, .: �. ;
<br /> �+ ' (a) Trusia shell lall to pay when due any principal,lnterest,or pdnclpal and interest on the Indebtedness. �:'''
<br /> . � (p) My warranty ol tltle made by Trustor hereln shall be unhue, y
<br /> ` ' �' (c) Tiusior shatl Ia11 to observe or peAorm any ol the covenants,agreernents,or condiQfons in thls Daed o/Trust, ,
<br /> .� ,r (d) ,qny representallon or wananry made by Trustor on any Nnancial stafements or►eports submltted ro Bene!lcfery by or on behatl of �,
<br /> ' Tiusta shall prove lalse or mafeNally misleading,
<br /> (e) Trusfo►shall leil ro perform or observe any of the covenents,conditions or egraements confalned in,or binding upon Tiusto►unde� i
<br /> any building Ican agreement,secu�ity agreement,loan agreemenL linancing statement,or any other agreement.fnshument or C
<br /> '� document execuled by Trustor In connection wdh the loan ev-Jenc ed by the N nted,or any o!Ina c►editors ot Trusror shal!lile a • ' .,��
<br /> � (Q A/►ustee,receive►o►I(quldator of the 7iust PropeAy o►o/Tiusfo�shell be appW ,
<br /> petidon!n 6ankruptcy e9f8fe�and!t such/ordeeoepeil non she f not be dlscha ged or dism►ssed w�hin thl�(301 days aRer the/dete •
<br /> law,whether/ederal o . �
<br /> •• on which such orde►orpetitiun wes filed. ` �
<br /> :�; � ' (g) Trustor shall hle a peBhon pu►suant to the Federal Bankruptcy Code or any similar law. �ederal or sfate.o►�f T�usto►shall be
<br /> • �� adJudged a bankrupt o►be declared insolvent,or shall meke en asslgnment for the benetd of cieditors.o►shall admit in�wrlting its
<br /> • . . ` Inabll(ty to pay its debts as they become due,or sha�l consent�o the appolntment of a recerver of all or any paR of the Trust Properry,
<br /> � � � (h) Flnel Judgment lor the payment ol money shall be rendered ageinst Trustor and Trustor shell not dlscherge the same,o►Cause It to �1
<br /> • be dlscharged, within thirty(30)days afte►the entry thereof,or shall not appeal there►�om or bom the order.decree o►p�oCess upon
<br /> whlch or pursuant to wh�ch sa�d judgment was granted.based,or entered.and secure a sfay ot execution pending such appeal,
<br /> , (i; 7rusta shall self or convey the Trus�r��ape►ry,o►eny part the►eo� o►any�nterest there�n,or shall be divesfed o/!ts Utfe,or any lnterest
<br /> . ihe�ein,In any manner a way.whethe�vduntanly or�nvolunranly.wahout the wntten consent ol Benel(c�ary be(n9�i�s�na u and
<br /> obta�ned,or � �' .
<br /> � � (j) H Tiustor Is a co�poranon o►pannership and more than lifry percent 150%0)of fhe shares or beneficial(nterests:r sucn co►po�etion o►
<br /> i'
<br /> partne�ship,as the case may be,sha�l be nans�eried a c�nveyed,wh?!he�vafuntartly o►invduntanly.wdha�:��"'+e wiitten consent of
<br /> � '�� Ser.e•.'cia^�beeng lirst had and obfamed.
<br /> ,;�,,�.
<br /> 26. AcCF1e�Adon ol Debt:Fe�eclosure- Upcn the occurrence of any cvenr ef De�ault,or any nme rhereafter. Benehcrary may.at ts optron. ,
<br /> ��•' � �' �� • �' declara u1�fhe fndebtedness secured he►eby immediatety due ar.0 pa�able and the same snatl bear interest at the defa�lt rat�.d any.
<br /> set tarth in ihe Note.o►otnerw�se at the highest rate pe►mrtted by�a:v.ana.���esRPChve ol whefher Benel�Ciary exerCrses sa��7 oAhon.�t
<br /> � may,at�ts option and�r rts sole d�screGOn,wrtnout any lurther nohce o�aemane to or upon Trustor,do one or more ol the lollow�ng:
<br /> . la� B�e^neBclary%Y���An�aP►c wh chpBenel c�arV deems prope�o pr tect t e secu�ty�hereof,and ef he�wth omwithou�ak�gnd
<br /> . r...... .....i...�„���hnew nast due aad unpeitl.
<br /> possess�on,in its own name,sue lor or orherw�se couect and rece�ve renrs,�sauas a.-�C�........••••�•---••��• -�- • -
<br /> artd appty the same,less costs and ezpenses o�opera0on and collecfron,includmg reasoneble attomey fees and Benehc+ary�s
<br /> costs,upon the Indebtedness secured he►�by and�n such order as Benelic�ary W��ch has been�emo e d�ne eneterrtg pon and a
<br /> shall assemble and shall make evetlable to Benel�ciary eny of Ihe t�ust Prope►ty
<br /> taking possess�on o/the Trust Property.fhe collechon of any rents.�ssues and proGts,and the app►ICahor tnereof as alo�esa+d.shau
<br /> not cure o►warve any default theretolore or thereaRer occu�rmg. or eHect an y nohCe o�delaulf o►nofice a�sate►re�eonder or
<br /> mvaUdate any acf done pursuant fo any such nohce Notwdhstendmg Benehc�ary s continuance m possessan a�ece�pt and
<br /> app►icaaon o/renfs,�ssues or prolits. Benel�c�ary shall be enUtled to exe►c�se every nght prov►ded lor�n this Deed o!Trusi or by law
<br /> upon or aRer tne occurrence of an Event o�Delaulf.�nclud�ng the nghf fo exercise rne powe►vf saie.Any ol the achons relerred to m
<br /> this paragraph rnay be taken by Bene��c�ary af such hme es Benehc�ary may dete►mme w�thour reyara to fhe adequacy ol eny
<br /> secunty lor Ihe/ndeb[edness secured hereby.
<br /> fb} Beneliclary shalf,w�thouf regard to fhe adequacy of any secunty for the Indebtodness secured hereby,be enhtlgU to the
<br /> appo(ntment of a receiver by any courf hawng�un�d�chon,wdhouf nohce.to fake possession ol.protecf,and manege the Trust
<br /> • Property and ope►ate the same and collect tne rents.�ssues and p►olds therefrom
<br /> , fC) Beneliciary mey bnng any acf�on m any court ol competent�unsd�chon to loruclose tr�s Ueed ol lrust or enforce any o►fhe
<br /> icovenanfs hereol
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