. 9 . •
<br /> � �:'^ 9 1�393b
<br /> (c) Ail epplicable lawa and repulations, inciudmp,wiihout limitatbn,tho Arrariccins with Dfsabil�les Act, 42 U.B.C, Sacticn 12101 et seq. (and �II
<br /> regulatians promulpatad thereundor)and all zoning and build(ng laws and regulationa relating to the Propeny by virlua of any federal,atate vr muniapal
<br /> authorily wiih jurluGction owr th�Property,pfasently are arld shall ba observed and complied with In aft materlsl reapecls,�nd ali nghis, lixnses,
<br /> psm�its,and coriificate�oF oxupnnry{'mdu�ir�g bul not lintiled to zoning variancas,spoelal oxeaptions(or non�onforming usos,s�nd fina�inspaclion
<br /> approvais},whother tempor.uy or pemnnenl,which �re material to the use and ooeupancy oF the Propeny, presomly are and shall be oblsined,
<br /> preservad smd,whera noeessary,renewod;
<br /> (d) i�tor hat lha righl and is duly aulhorizod to oxccute and perfortn iis Obligations under this Daed v(Trust end these�dions do nol and shall not
<br /> con(lict with ttre provlsbr►a of any ctatuto,rogulation,ordn�nce,rule af faw,contract w othar agreement which may be binding on GraMor at any iimo;
<br /> (e) No action ar proc�ed'ing Is or shall ba pend�ng or lhreatened which might rriateriaay aftoct thc Propeny;�nd
<br /> (� Granlor h:�s not ViolBQed and Shdll not viol�te any c�tule,regulation,ordnanoo,rule of law,contract or alher apreemer�t(inclu�ng,but not Iimited lo,
<br /> lhose goveminq Hazardous Materiats)which rright maierially a((ect 1he Prvperly or Lendar's dghts or Interest N�the Propeny pursus,uutt to this Deed of
<br /> -•- T�.�st.
<br /> 9. PRIOR DEEQS qF TRUST, Granta roprosonts and w�rrants thallhere are rro prior deeds of irust affecting any part of the Property except as sot forth
<br /> on SchadulA B attached to this Daod of 7rust,wh�ch t".,rantor agraes to pery�nd pe�'lorm tn�timNy m+�tnar. If thero are any prlor deads of tnasl Ihen
<br /> Gnudor ogroes 10 pey all ama�rAs owed,and pariorm atl obliyatians r�qutred under such deeds af lrus!and the indebtedness secured thereby nnd further
<br /> tt�ees lhat a dofaul�undor anypnor deed o(trusl shall be a defa�alt under thls peed of Trust and shall entnle Lender to all rights and remedes cotnalned
<br /> hcrein or in 1he Obligatlons to whkh Lender would bo erniticd in 1he Evem of any other defauh.
<br /> 4. TRANSF�RS O�1'H�PROPERTY t�R BENEFICIAL INT�R�sTS 1N GRANTORS Ofi BORRUW�RS. In fhe event of a sale,conveyanco,laaso,
<br /> contracl for deed or tr�nsfer 10 any person o1 all or arry part of tho rcal property dasaibed in Schedule A,or sny irrie►�sl the�ein,or af all or any behefioial
<br /> inlerest In 8orrowor or Gtanlor(i(�orrower or Grarrlorls not a naturel peraon or persons bu1 is a corporalion,Gmnsd liabifny company,partna�ship,�NS�,or
<br /> olher leaal ertllty),�endar rrny,at its option declare the autstart�ng prkla(ml baldnce of iha Ohligaliono plus acc�ued irriarost thofoon immsd�ataly dua and
<br /> payabla. At Londw's requasl,Grantor or Borrower,as ihe oase may 6e,shall lumish a oorrplcte stalemenf seltinp farth all ot its stockholders,members,or
<br /> partners,as approprlalA,�nd the a�nEnt ot thair rospectiva ownership interesis.
<br /> 5� A351GNNI�NT OF RENTS. In consideraiion of the Oblignliona,wttich ars se�rsd dy this Deed of Trust,GraMor absolutcly assigns to Londor all
<br /> Craroor's oslatQ, rigM, INIe, inlehrst, ciaim and dqnaand�ow ownod or horeaher acquired in �II existing and future leasea of the Proparly (includktg
<br /> extensions,renewals and subloasos�,all agreemanls for use�nd ocarpancy ot fha Propeny(all such Icases and ag►eerr�rds whelher wrilien or oral,are
<br /> hareaflar roforrod to as ihe"Leasea y,ar�d e�ll yuararnlas of lassoos'perfomnnac under ihe Leases,togelher wiih the imrnedate and conlinuing rfght lo
<br /> collcwt and recviv�ap af tho roms,incortn,recoipls,revenues,iaauss,prefih eind other Inenms of any naturo rrow or heroaker due('mclu�ng ony income ot
<br /> nu'�y naturo coming duQ durinfl arry redsnption p•rlac�uqdar ths Lns►scs ar from or arising out o(the Properiy including minimum ren�s,adc�tbnai rerrls,
<br /> po�contagc �:nIF, pivking ar comrrpn aroa mairnonanco contributions,tax and insuranca Canl�llx�tfons, daficiency rems, (iquidatod darr�agos followinq
<br /> defaull in any I_oaso, afl proceeds payable under any policy of insuranca covering loss of renla resulting from urAenanlabifily caused by dosiruetio�l or
<br /> darrmgo to 1he Properly, all proc�ads payahle as a resull oi a lessee's axatcise of an option to purchass 1he Propeny,all proceEds dernrod from the
<br /> iomwnation or rojaetion of any Loasrs in a bankrupicy or other Insolve�cyp�eceed�ng,and aHpr�eds from arry riehts a�d clsirru o(any 16nd which G�.rnlor
<br /> may have�gaInst ar�y lossee under the Leases or any occupar�ts o�ihe propeny(all o(the above are hereaRer wilec1Yely refarred lo as ths"Rents"), Th{s
<br /> assi�nmenl ls subjec�to the rlgM,power and authorhy piven to 1he Lender Io coao�t and apply the Rems. This assigrnr�rn is rocorded in accmdance with
<br /> applicacable stala I�vV;tho Ifon aoatad by this assignntanl Is Imer�lad ta be speqticc,po�feclod and choate upon ihe reoording of this Qeed oF Tnast,a11 as
<br /> providod by applicablo staio law as amanded irom limo to 16i'1o, As bng as th�re is no defauft under ihe Obligalions or this peed of Trust,�endsr granls
<br /> Gramor a rovocable Ilconse 10 topeq all Roms trom the Leases vrhen due and to use such proc�eda in Grantors tw�inassoperations. However.Lender
<br /> rrny a1 any 1(me roquire GraMor lo deposii a�Ranls into an acw�xlt maurnained by Gr.uilor or Lender a1 Lender's irlslitulion. Upon daf9un in iha paymeni
<br /> ol,or In 1hA porform�nnoo of,any o(iho Oblig�tbns,Lender may aq t�s aptfon take possession ot lhe Property and have,hold,manage,Icase and operata the
<br /> Property on tenns and for a poriod of tirra thet Lender dearr�a proper. Lendar may procood to collact arid reoeive all Rents from Ihe property,and Lsnder
<br /> shsll have full power 10 mal�alterailons,ranovations,ropairs or rcptacemants to Ihe PropBrly�s LBndar may dsem proper. Lender rtny apply al1 Ren1s in
<br /> Lendor's sole diseralfon to payment o}the Obligations or to Ihe paymani o1 the cost of such�iteraiions,renovaiions,repturs and replacomaMs end s�ty
<br /> expan5e5 Incldorrt to takinp:rnd telaining paas.aslorl ot the Propeny po�lal(cally and the rttanagemeM and operallon of tho Property. Lender rrny keop tha
<br /> Propc�iy properiy Insared and may discharge any tauces,chergss,clalms,asssssmerrts and athcr liens which may aacrue. TIiB axponse And cos�of 1f�oso
<br /> aclions rr�y bep�d from the Renls recsNed,and any unpaid amounls shall be addod 10 the prindpa�i of the Obligations. 7hes�amounls,together wilh
<br /> othAr cosls,shall rac�me pr�1 of tho ObFc,�atio�s sacurod by 1}us Deed of T�ust,
<br /> 6. USE ANp MAW7�IANCE OF PRQP�RTY. Gr�tor ahall t�aA actions and make eny repairs needed to mainlain the properiy in pood wncition.
<br /> C,�itor shall nvl oorrmit or pem'u!arry w�sto to be oortritted with respect to the PropeA�r, Grantor shal! use 1he Propetty solefy in Comp{IanCe wfth
<br /> applicable law nnd insuranco policies. Grontot shaN not malco any anerations,addilions or improvemerris to 1he Property wilhout Lctndcr's prior writlsn
<br /> consent. Wilhan Itmhing the forcgoing,t�ll elleratlona,addrtions and knprovomerds rmde to ihe Property shaA be subjec�to tho beneficial Irtteresi belonging
<br /> to L.andar,r�h�ll nol be romdvad without Londor's pria writien consent,�'►d sheJl!�a mada at GraMor's sole expense.
<br /> 7. LOSS OR DAIIAACi� GrarAor sFw1 be�r the wni►o rlsk of any bss,lheft,dealruclion or cfarr�ge(cumilatively`Loss or Damege')to the Properry or euty
<br /> ponion thoroof from Any causo whmsoovor. tn the eveM oF nny l.oss ar Dam�go,(3rarnor shall,at the option of Lender,repmi�tl�o afiscted Propony to its
<br /> preViotts condition or pay or causs 10 ps pald to Lendor the decxease in 1he fait markot Ve�lu�of the aifectad Property.
<br /> 8. INBURANCE The Properiy wi�l bo kapt insured for il�fuq insuradla ysluo( comom cost)against ap haz�rda Induding loss or dam�ga cwsodby
<br /> flood,earihquakcs, iomado and fire,ihsil o�other casualty to Ihe exlertl roqui�by Lander, Grarnor may obtain insurance on the Proparty 1rom sucfi
<br /> companies as are aceeptahie to Lender in i!a sole c�scrvtlon. Th•insurance polici�s shall roquire the Insuranca eomparry to provide!_ander whh at loast
<br /> 30 days'wrhte�nolice bebrs suc�polidos aro ohered or canoelled In any meinnnar. The Insur�nce poliaes shaq narna l.rnder as 91oss
<br /> �a e�6and provuTe Ihat rro act or omisaion of Grenlor or eny othsr psrcon shall affect tho right of Lender to b.paid tM Insur.�neo procoods ponaining to tho
<br /> loss w darrtaga o�1ho proporty. In the event Cirantor fails 10 acquiro or rrnmlain insuran�e,Lender(aflor providmg natice aa rryy be required by law)msy
<br /> in i1s diaoretien procu►oapproprisle insur�noe coveragAupon tho Properiy and the ins�xanee oost�hall be an advanoe payable and bearing interest as
<br /> cl�senbod ln 1he 'REIMBCIRS�MEWT OF AMOUNTS EXP�NDED BY L�Np�R" � and secured horsby. Grantor shall furnish �ndor wflh
<br /> evidence of insurance in�caling the required ooVSreiga, I�der may ecl as attomey-ih-aG tor Granior in making and sottling daims under insurance
<br /> policiea,eancalli�g any policy or endorsing GrarAO�'�n2ut�e on any draft�nepotiable instrtxnerR dr�wn by a�+insu►er. All such insurance policies shaN be
<br /> Imrr►adatoly assipned,pladgsd and daliverod 10 Londor as(urther secutlry fur the Opligations. ln tho eveM oi bss.Granlor shaA Ir�rnecflately glve Lender
<br /> wrillen notice and Lender is authorited to make proof of loas. Eaeh Insurance cortpar�is d�rectod to rrv�ke Paymems dira�tly to Londor inslnad of io
<br /> La�tder and GraMor, Londe►'sllAll hava tho righl,a1 its sde oplion,lo e�pply eue#I mon�ea loward 1he ObbgaUons or IoWard 1he o061 of relxlflding and
<br /> rosto�ing ths Prop�riy, Any arrburris may at Lander's opdon be appNad In 1he Irnsrso ardcr of 1he due datas thereof.
<br /> 9. tONINC�AND PRNATE COVENANTS. Gralltot shaN not inNiate or conaenl to any ehanga In the zoning provisions or privale covenants affe�ting the
<br /> uso ot tho Propetly withoul I.��dar'a prior wriNen consenL If Grantors uso ef 1ho Proporty beoomes a nonconfonning uso undor any zoningprovision,
<br /> Grantor shr�ll not c�ute or pcmii such use to be dfacominued ar abandonod wiihoullhe prior w�11en canseni oi Lcndcr. Grantor w�l immediately provlda
<br /> l,oncier wifh wrilten notico of a►�r proposad chanpes to 1he zoning provfslons or privaie ewvonanls affectlng the Property.
<br /> 1Q CONDEMNA110N. Grarnor shall imned'�atoly pre�ide lsnder with written nolice of any aetuBJ or threatenod oondom�ation or eminer�t don�in
<br /> prooeading porlaining to ihe Properly. All monies payahia 10 Grantor from such oondermailion or taking Arc hereby�ssigned lo Lender and sha11 be applied
<br /> fifsl 10 tha payRnnl of Lendel'�5 St101'119yi'feas,legal o�enses and olhar costs(Indud�g appraisai fecs)in conne�tion with the condemnation or eminem
<br /> domain proceadirps And then,al 1he option oF Lander,to 1he pf�ymenl of 1he Obligations or the reslor.ition or repalr of 1ha Propeny.
<br /> NGDOTS Mv.77187
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