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<br /> ���:�::�._ __-<<�� :. . � . t � � -
<br /> ' '�• � �`�} �� In tpe event of the passage of,any la�e+r�rducting from th�vatue�of reat property for the purposes ot taication ' � � -
<br /> �,� ��. ��� ��
<br /> � . `� ; ' ` of any IiEn theroon,oc chariging in any way tht iaws#or the taxauon of deeds of trust or debts setured by deeds of _ _
<br /> ,° ��'°;,- � � uust for staie'o�tocat purposes,or tht manner of the wttettion,of any satFs taxes,so as to affect this Deed af Trust„ '��-,�.�
<br /> �� �ti� ` � � � the hotdar ef tEiis Deed of Tlrust and of the ob�igations which it secures shall have the ngi�t ta dedare al!sums sKur e d , :���� _
<br /> ` �'''-�-.<. �`:�: • hereb due as,of a date w.be spec�fied!sy nat less than 30 t6ays'written notice to he given to Trustor by Beae�aary; . - - ���,f F :-�,:
<br /> �: ty�,.,. .� .. � . y �..��:,.:f,;:;�..
<br /> �'�., ..:�� � provided,howtver�sha�.wch efect,ion sha9!be ineffective if Trustor is permitted by law to pay the whote of suc�ta�c in �'� f� '' , •�: F<<�s,�;
<br /> �� ` �� addition to all other payments r . uired hereunder and if,prior ta such specified date,daes pay wEh tax and agrees � •' �r"�-�
<br /> �..t � .� S: Y ' •�'~~
<br /> `�=��'-����:- -.__ to pay any such tax when hereafter levied or assessed against sucF�'proQerty,and wct�agreemeni shall co�titutt a `<`�� � _�-
<br /> � ��", . - — modification of this Oeed of Tru�t. � �� ` ��,. } ���,:
<br /> . . ... .. S'r'..'-: :,, •<V:: .
<br /> ._ . . .�`.. :' ` :.
<br /> . °- Sums Advanced to Qear tnte�esx Ta pay imrrtediately upon demand any sums advanced or paid by Benefipary �'•
<br /> orTrustee under anY dause�r pravision of this Deed of Trust. Any such sums,until so repaid,shail be sec�red her+eby . ; , --��
<br /> • : and bear imerest fram xhe date it was advanced or•paid at the same rate as such indebtedness�nd sha11 be secured by • _
<br /> . tfiis0eed of Trust. • . . - .
<br /> � . . Assignment of Oepasits: That as further addiuonal security if tfiis be a construction foan,7rustoF hcreh� r---------
<br /> � transfers aad assigns to Benefidary during continuance o�these Tnists,aU right, ti�le and interest to any and atl �
<br /> � mqnies depasited by Trustor or deposited on behalf of Trustor w�th any cir�,county,public body o�ageruy,samtary
<br /> � '�� �. ��'-; :�°::�;,..,. .
<br /> .;:�,•:,;;;:._'�:;i;":`;. :j distad,gas ardlar etectric campany,telephone company and any other body or agency. far the instatlation or to ��. _ ; �,.,.:.,.
<br /> ���'=�'�` =° ` � securetfieinstallatianofanyutilirybyTrustorpertainingtothisproperty. � `_ .
<br /> � ' p� �..L . . .5,��...._.
<br /> . �.- : � , f Failure of Trustor to Comply with Deed of Trus�t: Should Makev or 7rustor fail to make any payment,or to do � " . . 'u� .�
<br /> � . � any ad af provided in this Deed of Trnst,ar fait to perform ar+y obligavon secured by th�s Deed of Trust,ar do any act � ; ��.��
<br /> � ? Maker cr'trustor agreed aot to do, Trustor shall be i�defauk u�der this Deed o€'Crust 6eneficiary.but v+nthout E �'r :.�:
<br /> � • " # �Wigatian w to do.and withoat�otice to or.de�rrand upon Trustor and without releas+ng T�ustor-fmm any obligaUan � • `'•'"_._y
<br /> • ` , � ' <fiereof and without conf!esti�9 the validity orai�shu�t of the sarrse,may(a)make or do the sars?r�i�such manner and � = „ � ��A,;
<br /> � � � _ � to sach eutent as i8..r;nz�c'r3eem necessary to pra.t�ct the�ecurity hereof,Heneficiary.be+ng auttrcisiied to enter upon s , ., :�-
<br /> �.lµ '
<br /> " � � � � such pro�far.,.��i�s:�urposes, and(b) pay. �srchase,crs�t,est or compromise any �.ncumbrance, charge or tien, i � ._ : , r.,.�
<br /> °` �s `��:;'�;.`• • which'rn:�•r�j.r:rw�r.T's�T�{�or appears to be prior c,r�,�er`.a,rjr;�r�,and(c)i�exerusing.�s�y such power.P�Y necessary � ,; •
<br /> c:'�;�>;'1°<,; . �r 3 =�t� ' 9 P Y ,/:a!i7 �Q �.
<br /> ' �; th,y.r��`: _„'„t4}. ' �. ,experis�!�,P���+?'�-�and�ay his reasonaliti. �s. �ri��s�a rees to_re a am aunt so ended on demartd ry • -;--
<br /> •', _ ..�... �of eerse���y- � % . . ,
<br /> <' - ,
<br /> �. ;4r'•;'�,�:" 4T�5,MUTUALiY AGREED THAT: . - . i, . �.`
<br /> �` '�4''�•;';'-�` ' ." 5n�i�anmenWl Disclaimer. Trustor warranu(and this shall be a continuing warranty which shall survive until i' �� ,.` t,. '� ;
<br /> . ; . r:�Qi�%,i.i.;�• ; .
<br /> htY� t . �,I,.
<br /> . <t , li���� . t.-
<br /> .; ��; :, ,. . ' � .. all the obligations of Maker orT�ustar to Trustee and 8enefic�ary have been fully satisfied)that it is in compliance E. �
<br /> • � ' ��.'with all fedetal, state and local environmenta.�taws 8nd regulations a:�d has obiained a11 ertvlronmentat petmits � :
<br /> ,��;��:� . . •� � .:
<br /> '_�•� netessary or appropna�a to the conduct of itxl�u.�+iess. There is not pend�n.g,nor to the best of�'nsytor's knoKledge, ,, � < ..,
<br /> -"� '���:°�. � . after due inquiry,.arc there any threatened�r^�,+'ronmemai enforcerrrertr.aaians, suits or pro�lirtgs before any �;
<br /> ' '�'' ' � court,tri.�iw'ta1 ar��rria+st�ative body o�offica%.� Trustor, or any resp�sible officer,general partner, or agent of : `�>�
<br /> . bi ��;� •
<br /> � t, ,f:
<br /> . � � Trustor,�o.�rr¢t;'ttaa4�a5 any former owner of re��propeRy e�tcuPied by Trustor,stored,used or dispased of any wxic . :' ;� :�� _
<br /> ' �'; ,�c or hazar�tsti�sL�sz:sr.�e an its propert;es or tra�s^�c.^ed�r^�-uch substartce to ar ftom its propenies in viotatia�s�c�.,•� �•`':,,`` �� �-,;;;�.'": ;
<br /> •. ' any presentty exis"ir,q eu previously existing 1;4:.�s.P�;s'•�"�rrsar pol�cies. The Trustor will not store,use ar dispose efi � �•�: { �
<br /> ;-;_•'� •;::%_i� '. ��
<br /> • such substances an tts��Rroperty. •: �: �
<br /> '� .r , '
<br /> Litigation: Trustor shall defend this T�i��in any�rtion or proceeding p�rparting to affed such propeRy. ( _. ,•;,1, ; {
<br /> � � :��}:'.'�' whether or�ot it affects the sc�cun*y hereof,er purport+r.g:o affect ihe riqhts or���KS of Beneficiary or Trustee, � ;�,�-...;<,
<br /> �' . �"� ' and shall file and prosecute all netessary claims 2nd act+aR$�crevent or recover far ar.���amage to or destruction ot ° ����-�' �'���� � �
<br /> ; : :r.::�,,.._�,
<br /> ,{, :� • ' suth property; and either Trustee or Benefiva�'r�rt�hereby a.rthorized, without o�::��:ran so to do, to commence, ; � ,. ,
<br /> `' � , appear in or defend �ny such action, whethc-�i�rougfit by or against trustor, Benefiaary or.:TFu,tee, or with or ,.; .: � . ���;;
<br /> ``-' 1'. ' ' withaut suit,to exercrse or enforce any other r:ght,remedy or power a�r�i�able or conferred he�c-+::�der,whether o� -,• • ,. :
<br /> • � not judgment be entered in any action or proceeding; and Trustee or'aeneficiary may appear ar intervene in any . ''` `"'
<br /> � action erj.rr�ceeding, and �etain counsel therein; and take such action therein,as either may be advised and may _ � ' � •,:�-t; .• - �
<br /> ce
<br /> .,;.��'.,, � � settle,torr.,xomise cr pay the same or any other claims and,in that behalf and for any of said purposes,may expend � 1��� .
<br /> ._:�. ,:.- PP � ,. �
<br /> and advance such �;��of moneY as either may deem necessary. Whether or not Trustor so a ears or defends,
<br /> ' ' ' Trustor on demand�:�:!payatl costs and expenses of Benefitiary and Trustee,intluding costs of evidence of title and ;. • .
<br /> attorney's fees in a reasonable sum,in any such action or proceeding in which Beneficiary or Trustee may appear by . . �r , .
<br /> ' . . . � virtue of being made a party dcrendant or othen+vise and irrespective of whether the mterest of Beneficiary or .
<br /> ; Trustee �n such property is cirr_�a:�';� questioned by such action, �nctuding but not limited to any action for the ;
<br /> t�F ;' � tondemnation or para tton of suca�p►opert,�ar_d any suit brought by Beneficiary to foreclose this Deed of Trus� !
<br /> ���� �' � Condemrtatiar.: All sums due,paid ar�,,.ayable to Trustar,or any successor m �nterest ar trustor,whether by �
<br /> ' f way of judgment,settlement or otherwis�,+`¢)''o��n�ury or damaye tc��:;ch property,or(b)irs�.6nnection with any
<br /> condemr�ation for pubtic use or inju�y to surn property ar any pdR twer�of,or(c)in co�nection with the transadian .
<br /> iinanced by the loan secured hereby,or(d)�rising aut af;,�I causes a`action, whether accruing before or after the �
<br /> ' date of this Deed of Trust,sounding in tart cr.contrc� �ncluding ca45es o� act+ore far fraud or toncealm;ertt of a
<br /> �i; m�terial iatt together with the settlements,prcc��eds,arn,ards and damaa�s d�re-rt and consequential,in cor�a�ection
<br /> � �f ` therewith,are hereby absalutety�rtd irrevcca.bl1 assigned and shall b�pa:�tc Qer.eiiciary,subject however to the ,
<br /> '' rights of the holder of any prior leen. Ber.efic�sri shalt be entitled,at its�tificn,in r.ar+�mence,inte�vene in.appeat in
<br /> • ' and prosecute in itsown name,any.:c:�en cr proceeding, o�to make any corr�:ramil:or settlement,in connection
<br /> q. � ' . with any such taking or damaqe�. �"restc��crees ta execute such (urther assrgr.fc-i�cr,�of any cflmpensation,award,
<br /> ; E damages,rightsafactionandprc:�=�c5a�f3eni:f;ciarymayrequire .
<br /> " • The amount recei�ed by eenef�crar��r��ant to tF��s Deed of Trust under any f�re or oth�r:nsurance pobcy.in
<br /> tannettion with any condemnation fo► pc�lft use of or injury to such property, for injut��at damage to suth
<br /> � , property,,or in connection w�th the transactian f inanced_by the loan secured hereby are ta be a�plied at the option .
<br /> ; � of Ben�t�ciary upon any indebted�QSS secured he�eby. tVa such application, use or release shzll cure or u,sai�+�any
<br /> detau�r.�-.r.notice of defautt hereur��er or invalidate any ast done pursuant to such notice. ,
<br /> � �onsent,Partial Aeconveyance,Etc.: At any time,or from time td time,without tiahility�J::r2for,and without
<br /> } nolice,upor+written request of eenaficiary,and without affecting the personal liability of an���r-rsbn for payment of
<br /> � � � the indebtedness secured hereQr,or the iien of this De¢d of T►ust upon the remainder of such property/or the full
<br /> __ . _ ..___. , ana��=��;h�}r.ctets:�$tt°SS SY}+_-.n �f thE�@eft@i. secured herehp or the r�ghts or powers of the Beneficiary of the
<br /> 'i. . { ` 7�ustee with►pspect to the r:ira�rtder ni such property, Trustee may {a)recanve�r any part of such property, (b)
<br /> ; � � � tonsent to the making of any i�ap ar plat tR�reof,(t)jb�n in grantirtg any easement tirerFco, dt fc4}jt,in in any
<br /> extension agreemeni or any agreement subordinating ti�e tien ar charge hereof. .
<br /> ' � :� . `F
<br /> �i �
<br /> . :� ..o.�o,�
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