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<br /> (c) All applicable laws and regulations, including, without limitation, the Americans with Disabilities Act, 42 U.S.C. Section 12101 et seq. (and alt
<br /> regulations promulgated thereunder)and all zoning and building laws and regulations relating to the Property by virtue of any federal,state or municipal
<br /> authority with jurisdiclion over ihe Property, presernly are and shall be observed and complied with in all material respects, and all rights, licenses,
<br /> pemtts, and certiflcates of occupancy(including but not limited to zoning variances,special exceptions for nonconforming uses,and final inspection
<br /> approvals), whether temporary or permanent, which are material to the use and occupancy of the Property, presently are and shall be obtained,
<br /> preserved and,where necessary,renewed;
<br /> (d) Grantor has the right and is duly authorized to execute and perform its Obligations under this Deed of Trust and these actions do not and shall not
<br /> conflict with the provisions of any statute,regulation,ordinance,rule of law,contract or other agreement which may be binding on Grantor at any time;
<br /> (e) No action or proceeding is or shall be pending or threatened which might materially affect the Property;and
<br /> (f) Grantor has not violated and shall not violate any statute,regulation,ordinance,rule of law,contract or other agreement(including,but not limited to,
<br /> those goveming Hazardous Materials)which might materially affecl the Property or Lender's rights or interest in the Property pursuant to this Deed of
<br /> Trust.
<br /> 3. PRIOR DEEDS OF TRUST. Grantor represents and waRants that there are no prior deeds of trust affecting any part of the Property except as set forth
<br /> on Schedule B attached to this Deed of Trust,whfch Grantor agrees to pay and perform in a timely manner. If there are any prior deeds of trust then
<br /> Grantor agrees to pay all amounts owed,and perform all obligations required under such deeds of trust and the indebtedness secured thereby and further
<br /> agrees that a defauft under any prior deed of trust shall be a defauft under this Deed of Trust and shall entitle Lender to all rights and remedies corrtained
<br /> herein or in the Obligations to which Lender would be entitled in the evern of any other default.
<br /> 4. TRANSFERS OF THE PROPERTY OR BENEFICIAL INTERESTS IN GRANTORS OR BORROWERS. In the event of a sale,conveyance, lease,
<br /> contract for deed or transfer to any person of all or any part of the real property described in Schedule A,or any interest therein,or of all or any beneficial
<br /> interest in Borrower or Grantor(if Borrower or Grantor is not a natural person or persons but is a corporation,limited liability�mpany,partnership,trust,or
<br /> other legal entity),Lender may,at its option declare the outstanding principal balance of the Obligations plus accrued interest thereon immediately due and
<br /> payable. At Lender's request,Grantor or Borrower,as the case may be,shall fumish a complete statement setting forth all of its stockholders,members,or
<br /> pariners,as appropriate,and the extent of their respeciive ownership interests.
<br /> 5. ASSIGNMENT OF RENTS. In consideration of the Obligations,which are secured by this Deed of Trust, Grantor absolutely assigns to Lender all
<br /> Grantor's estate, right, title, interest, daim and demand now owned or hereafter acquired in all existing and future leases of the PropeAy (including
<br /> e�ensions,renewals and subleases),all agreements for use and occupancy of the Property(all such leases and agreements whether wririen or oral,are
<br /> hereafter referred to as the"Leases"),and all guaranties of lessees'performance under the Leases,together with ihe irmiediate and cominuing right to
<br /> collect and receive all of the rerrts,income,receipts,revenues,issues,profits and other income of any nature now or hereafler due(including any income of
<br /> any nature coming due during any redemption period)under the Leases or from or arising out of the Property including minirrwm rents,additional rents,
<br /> percentage rents, parking or common area maintenance contributions, tax and insurance contributions, deficiency rents, liquidated damages following
<br /> default in any Lease, all proceeds payable under any policy of insurance covering loss of rents resulting from untenantability caused by destruction or
<br /> damage to ihe Property, all proceeds payable as a resuft of a lessee's exercise of an option lo purchase the Property, all proceeds derived from ihe
<br /> termination or rejection of any Lease in a baniwpicy or other insolvency proceeding,and all prACeeds from any rights and claims of any kind which Grantor
<br /> may have against any lessee under the Leases or any occupants of the Property(all of the above are hereafter collectively refened to as the"Rents"). This
<br /> assignment is subject to the right,power and authority given to the Lender to collect and apply the Rents. This assignment is recorded in accordance with
<br /> applicable state law;the lien created by this assignmern is intended to be specific,perfected,and choate upon the recording of this Deed of Trust, ail as
<br /> provided by applicable state law as amended from time to time. As long as there is no defauft under the Obligations or this Deed of Trust, Lender granis
<br /> Grarrior a revocable license to collect all Rents f�om ihe Leases when due and to use such proceeds in Grantor's business operations. However,Lender
<br /> may at any time require Grantor to deposit all Renis into an acxount maintained by Grantor or Lender at Lender's institution. Upon default in the payment
<br /> of,or in ihe performance of,any of the Obligations,lsnder may at its oplion take possession of the Property and have,hold,manage,lease and operate the
<br /> Property on terrns and for a period of time that Lender deems proper. Lender may proceed to collect and receive all Rents from the property,and Lender
<br /> shall have full power to make alterations,renovations,repairs or replacemems to ihe Property as Lender may deem proper. Lender may apply all Rents in
<br /> Lender's sole discretion to payment of the Obligations or to the payment of the cost of such alterations, renovations, repairs and replacements and any
<br /> expenses inadent to taking and retaining possession of the Property periodically and ihe management and operation of the Property. Lender may keep the
<br /> Property properly insured and may discharge any taxes,charges,daims,assessments and other liens which may axrue. The expense and cost of these
<br /> actions may be paid from the Rents received,and any unpaid amounts shall be added to the principal of the Obligations. These amounts,together with
<br /> other cosis,shall become part of the Obligaiions secured by this Deed of Trust.
<br /> 6. USE AND MAINTENANCE OF PROPERTY. Grantor shall take all actions and make any repairs needed to maintain the Property in good condition.
<br /> Grantor shall not coRxrrt or permit any waste to be�mmitted whh respect to the Property. Grantor shall use the Property solely in compliance with
<br /> applicable law and insurance policies. Grantor shall not make any aiterations, additions or improvements to the Property without Lender's prior written
<br /> consent. Wrthout limiting ihe foregoing,all atterations,addhions and improvements made to ihe Property shall be subject to the beneficial imerest belonging
<br /> to Lender,shall not be removed without Lender's prior written consent,and shall be made at Grantor's sole expense.
<br /> 7. LOSS OR DAMAGE. Grantor shall bear the entire risk of any loss,theft,destruction or damage(cumulatively"Loss or Damage")to the Property or any
<br /> portion thereof from any cause whatsoever. In ihe event of any Loss or Damage,Grantor shall,at the option of Lender,repair the affected Property to its
<br /> previous condition or pay or cause to be paid to Lender the decrease in ihe fatr market value of the affected Property.
<br /> 8. INSURANCE. The Property will be kept insured for fts full insurable value(replacement cost)against all hazards including loss or damage caused by
<br /> flood, earthquake, tomado and fire, theft or other casualty to the extent required by Lender. Grantor may oMain insurance on the Property from such
<br /> companies as are acceptable to Lender in its sole discretion. The insurance policies shall require the insurance company to provide Lender with at least
<br /> 3 0 days'written notice before such poliaes are altered or cancelled in any manner. The insurance policies shall name Lender as a loss
<br /> payee an prow that no act or omission of Grantor or any other person shall affect the right of Lender to be paid the insurance proceeds pertaining to the
<br /> loss or damage of the Property. In the event Grantor fails to acquire or maintain insurance,Lender(after providing notice as may be required by law)may
<br /> in its discretion procure appropriate insurance coverage upon the Property and ihe insurance cost shall be an advance payable and bearing irrterest as
<br /> described in the "REIMBURSEMENT OF AMOUNTS EXPENOED BY LENDER" paragraph and secured hereby. Grantor shall fumish Lender with
<br /> evidence of insurance indicating the required coverage. Lender may act as attorney-in-fact for GraMor in making and settling claims under insurance
<br /> policies,cancelling any policy or endorsing Grarnor's name on any drafl or negotiable instrument drawn by any insurer. All such insurance policies shall be
<br /> irmiediately assigned,pledged and delivered to Lender as further securily for the Obligations. In the event of loss,Granlor shall immediately give Lender
<br /> written notice and Lender is authorized to make proof of loss. Each insurance company is directed to make payments directly to Lender instead of to
<br /> Lender and Grantor. Lender shall have ihe rigM, at its sole option,to apply such mornes toward the Obligations or toward ihe cost of rebuilding and
<br /> restoring the Property. Any amounts may at Lender's option be applied in the inverse order of the due dates thereof.
<br /> 9. ZONING AND PRIVATE COVENANTS. Grantor shall not inftiate or consent to any change in the zoning provisions or private covenants affecting the
<br /> use of the Property wRhout Lender's prior written consern. If GraMor's use of the Properly becomes a nonconforming use under any zoning provision,
<br /> Grantor shall not cause or permit such use to be discontinued or abandoned without the prior written consent of Lender. Grantor will irrrnediately provide
<br /> Lender with written notice of any proposed changes to the zoning provisions or private covenants affecting the Property.
<br /> 10. CONDEMNATION. Grantor shall irtxnediately provide Lender with written notice of any actual or threatened condemnation or erninent domain
<br /> proceeding pertaining to the Property. All rr�nies payable to Grardor from such condemnation or taking are hereby assigned to Lender and shall be applied
<br /> first to the payment of Lender's ariomeys'fees,legal expenses and other costs(induding a�raisal fees)i�connection with the condermation or eminent
<br /> domain proceedings and then,at the option of Lender,to the paymern of the Obligations or the restoration or repair of the Property.
<br /> NEDOTB Rav.1Z97
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