|
—��i _-,_,_ i�� _'�`'s.` _;� �� � � �- - - --' -- - . - -.._ _ _.� _ -
<br /> -��'"���-.-.— _ . _ , ��a k � - . - ___ . ,_ -
<br /> -�. ,
<br /> ����illt �.. , r _. . _ — . --
<br /> '�'Ss�`S4 � � .. . ' � • . • � , � •
<br /> i�i�'�._ _ .J , ` ' . ' . ..
<br /> — � , � '
<br /> _ � � � � � : 91-.:io7��7 . -
<br /> = To Pao�n+e sECU�,rv oF.r�us rausr c�r�us�o�H�ev cov�uu�TS rwa ec�s�,s wuews: �
<br /> � 1.PA�YEMT OF rRMit�AL ARD INTEAEST.jrustar sAalt piumPW?aY wAen due the Pnnc�0a1 of arW innnst on the in0�bte�ss�v(diru�Q Oy
<br /> -- ttr t�1a0�.�rb alt atMr clwS�s anQ teea ss D�Y�in the Note.and tM pri�ceWt ot aed i�tares!an anY FunuO Advanc�s securld Ry this Trwl GNQ-
<br /> 2 w4�tANT1f OF TlTLE.Tmstar is tawhilty seiaed ar�d Oossassed ut gaod and indoteuiCte 4�tle aad estate co Ne Prop�ty htr�bl►conv+�1M4� �
<br /> _ = ha�t!�r1�t to qranYartd eonvey the Property:c�a PropMrty Is hea and dear ot aIt Iiens and ene�mb►ances szcept luns now of noord:and Trusta w+lll — -
<br /> —�_�� i rqmnt ind Qsfend the tiWie to tAe Rro�eRy against a�da�r+s a�c!demat�s-
<br /> �. —_ 3.YAMT�ENANCEAlO�WlTNtAMfS.Trustorsha0keepthePmpeKYingoodrepa'vandeonQ�tionandshallnotcoramAwastsa0�� =� ,.�
<br /> — imp�irrn�e+t or deter�oration ot tt�e Properiy enQ shai!comP�N��P�o���at arry teasa it this Trusi Deed is oR a te�sehot0.No improvemant naw =-�` -- —
<br /> or h�reatter erectmd upon ttie Property shatl ba a►tered.removed ar dematisfled witnauc U►a prioe writteo aons�t of Berfef�aary.TruStM apa11 oampy KitA �;-��-
<br /> atl ta�rs.adinanus.tegutatians.eovenants.caMiGons and resvicdons attecting the Propertyt and nnt cammit.autier ar permi{any act to bs dar+s in or �;a�..�._
<br /> �pa1 the Pta�psrty in viotatian of ar+y law.ardinance.regutation.covenant.oondiGOn or testnttian.'fnuta shatl comAkte a�estoro P�A��1►and in�oo� �.�,-- --
<br /> wo4rifnbkOmanneranllimpmvementazlhePrapertywhichmayDeQamageda�troYedendpay.whertdue a0dafmstorfaDa►Pestamedandtsf�terlats -..__ .----:.--
<br />.. ���:=---
<br /> • GrnBhsd tttat�[[or artd tor arry a�terations thereot ��,..:._—
<br />- -��_ -. -- {.N�IlpANCE Trusta.at its expensa.witl maintain wiU�iRSUrors approved by BeneCCiary.insurance with respeel to the improv9menis and personal _ -
<br /> . Roperly,oiDnstiAfin9 the Propetry.againsl(ass by fire.�ighfiin9.romado.and otlter Pents end hazerds Cavered ty sfandard exGe�ldad CCrarage a�do�Eernetft. .--
<br /> in an anwunt equal�at least one hunGreU percent tt0096)ot the tuli replaeement value thereW and insuranea a9ainst such ott►p�hatacQ9 end in such �;-�„- --
<br /> - ,� �mountsas is autamariry carried ey owners and operators of simitaz praperde,s a as Bertefiaary may require fa its proteatian.Tnistor will oamP�Y with �`_'— i�
<br /> sucR�roquirementsasBeneficiarymayfrom6metotimereque5ltatheprotectianbyinsuranceoftAeinterestsotther�rapartiqs/111insurdnes y�,��•�
<br /> o-� -
<br /> _ ;� � po('�a maintained pursuant to this Tn�st Oaed shaii name Trustor and BeneTrciary as insure0,as Meir respective interesb may appear,and prOvide that _`��
<br /> _ '� tff�n bs no c�cNfaSan a madificatiat�without at teast 75 days prio►xrtiQen notifip�toTrustee and Benefieiary maU P�ocure su��m BRadsfee �_'.�.=,,_'��
<br /> }�' wAh the provisions o}pazaqraph fi hereof.Trwta shalt deliver to Beneficiary the ars�naf policies ot insutance and renewals Mereof a mem0 capies of ,�:'�V
<br /> � �, su�h poi�icfes and renewats O�ereoL Faiture to tumish such irrsuranee by Trustor,a ranewa►s as�equired Itereunder snatl,at the option at BenefieiarX. - --__
<br /> arscituta a detault �:��.
<br /> . _ �'�,-�.'=� • -.
<br /> " G�"�_t •`<i,;5.TA1(EB./ISSESSIIEIiTSAKfiAIARGES.Trustushallpayalltexes.essessrtesttSanCWltesd�.''�'*induding.withoullimita'�:f•,nesatldimpo6itlorts �.�•, .r'�.
<br /> ..:,i1. -�- _
<br /> i���:<; �`': � attrjbtstaDletothePrapeRyandle�ehddpaymentsorgroundrents.HanY.befar�tt�es�eb@cacr.eQainque�Trt�tashallpromptrytumi,SAtobeneficlary . . -�'--
<br /> � allnoticesotartmur�dueund8rthrsparagrapA.anei�ltheeve�tTrustorshallmak��ecstdreCi�.Tn�.storstrlA�ramptlyfumishtoBeneficiary�eipts �..., • ��`=
<br /> ��::4•. � r �''S ��•; , � Benefic s�nteresthereinoruponthisTru��3aed ' �--
<br />`'"���-� , '•"' �n��a ' l�nelnysuM�j{ments.Tm3r*.vshattpaya�ftaxesandassessmentswhicRmz�,�EevieO�- � . -• •- .-- .
<br /> ' .,i,-r_,}:�,, , . .
<br />' ,. + a �.alfwut regard to ahy taw thai m�w�be enacted imposmg payme�rt af the whotie o=arsy part L"aezf upon the Bertefiaary. ; �, —.-
<br /> �,t � P'
<br /> !�'=�+�.���� = S:ApptT10NALUENS AfiiT�KOTECTION OF BE!lERCIARIPSSECl1F�'I1i..Trustor shafl make all payments a1 interest and principal and payments �.:
<br /> "�;C:_`:Y, , .
<br /> • � "�'�!'.-� `M��� 1 � Q}$I{Y OUI9/CN�(�S,fees and e�ipenses contracte0 to be pai0 to an�existingi.�s:�sequerrt lienhotder or benefiaary,under any exlstlng w subsequent �
<br /> �;�, • �_=
<br /> �s'�,;��;� '��U: mort�ge pr ttust deed befare the Eate they are delirtque�t or in dataul�ana pm+-�tSy pay and discharge any and a0 ather tiens,ctaims or chargeawhicfi , , ,;_ , a
<br /> ...n •..t3..r;r�. . . �
<br /> , �fi . - may jsppardize fne securiry granted herein.tf Trustor tails to make any suct�pay:�snt ar fails to perform any of the eovenanis and agreements conbinsd
<br /> � • :' • ,F`.. .
<br /> �! :f irr Has Trust D e e d,a t he No te r c ir�r e A to her ein,o r i n a ny p ri a r�s�p s e qu ent aust Qeed.nr if an y actian or proceed�ng is commeneeA whlch materia(Iy � �
<br /> . k,j � ,�f#�Beneficiary's interest frt tf,e Properry.mciuding,but not!:�n?ce�si to,eminent domain proCee3i.�gs,praceedings mvolving a Co�4ent,notiCe oi sate �`�� ,r;.,�
<br /> •` t�T�vstee,notke otdafautt byTru�,�ee.mortgage forectosure a�cn.�:ir A Trusta tails to Oay Trustar's Qebts generally as they Oecarae:dte.then Beneficlaryi. .�,.-
<br />• % � a rt 8 e r ro f i e l s�I s a�a:s a n d w i t h a u t rt o u c e t o a d e m a n d u p o n T r u s W►a n e w i t n o u t r e►e a s i n g Tniswr from a r ry obli g ation hereunder.may s'+akesuch appearanees. . -
<br /> �r:;'�:`s,;
<br /> <<�c ` -• ,a ;:,,.�, di�use atx��:m��d take such acGon as is necessary to protect Beneficiary's�irterr�st.inGuding,bN not limited to.dsbutsement 01 reason�le attame�s -- . ,:.,���
<br />'�;�}- ' � f fees,paymers:Qur�ase.contest o►compromise ot any encumbrance.charqe cT1iEn,entry upon the Proparty ta mzke repairs.or deGaratian ot m�ult , ;?;.,It��-�"��'�
<br /> � T' ,��4 ,' unde►thisTtuStDeed.MtheevenithatTrustorS�aUtailtoproCUreinsuranCecrts�i�taxes,assessments,orac�f�:tterChazgasortomakearty�ents . �.�1 `V�
<br /> , +' "'� to any existing a subsequem heoholders or exisbng or subsequent beneficiari�.�seoetiaiary may procure such insuranca anA make sucb payment.huf .��:�
<br /> `�••r•:-P,�.�' shallnatbeobli�teOtoCOSa.AnyamountsdisbursedbyBertsTiciarypursuant2othisParagraphBshallhecomeaddRionatindebtednessofTrustorsecured ,.
<br /> � " ' by this Trust Deed.Such amounts shall be payahte upon not�Ce trom Beneticiary ta Trustor requ�Gng p8yment thereof.and Shall bear Interest ham the . �
<br /> =�,�r.:" '-� Cate ot disbursement at the rate payabte hom timeto time on outstand�n rmcip��:rrCer the Note untess paymer+t ab inierest at such rate would he conbary , �;• •
<br /> 9p ' `�-_
<br /> - � :(�?,,'•'�:'
<br /> � °?r:., toapplicabtetaw.inwhicAeventsuchamauntssr�±tt,earinterestatthehighestra!epermissi0teunderapp�icable��r.NotNingcantainedinthisParegtapA ,`,., ,.�., i
<br /> ' ' 8 ahall requlre Beneficiary to incur any expense c•r:ake any action hereunder. • ° �����"'` �
<br /> . ��i.;�..,,.,.. . -
<br /> ..;;:,;:,,,.,-, F• .,,°
<br /> - . 7.ASSNiNMENTOFRENTS.Benehciaryshallhavetheng:F.;Wowerartdauthorityduringt!'ex�s'?nuanceotthisTrustOeedtoeollecttfierents,issues . �af;-s� ,fs° !
<br /> � - anA profits of the Properly anA et 2ny personal proAenll�ocr�el��r•eon wdh or withaut tak����ession of ihe praperty efte�'".ereby.and Trustor �i!1',,,,�!����'_ �:�. ��� =
<br /> . • `± � hereby absolutely dnd uncond:�� U�j assigns aU such rer.ts.r's:::;�s anA profits to 8enefici�ry��naficiary,however.hereby'�aenta to the Trustw's •��,���':: r.'��%°''� , -
<br /> :,�.`5., ' �.;••� ..��,,. wlfection anA rete^ticn ot sucri re�:s;�ssues a�A�-afits as they accrue and be:a:,e aayable so long as Trustor is r.�;,at such Ume,in default wltfi respect .. '�� �_.; :.�•_:;
<br /> �y.-' •'';�=:: to payment ot a:p�,1�:�eQr,es3 sacured here::t cr.s7 the peAOrmance o1 arr�a�'oement nereunder.Upon any s✓�J�SefauN.8eneflciary may at arry Ume, �I1�1:,,;r;:��rr,__
<br /> � � Jt!; .�.��.._, i. .� � . ,r.Y��l'-;'':. ....
<br /> �`-,t .-t��.'•� eilherinperson,by8gem,or�ja�ce�verSobe4�somtedbyacouA,w�Ihoutna..�andwithoutregardtotheOQeQ:�a�yCfanysecurityfortheindebtedne9s , .; ti..y:w,i..;: '.;'=<
<br /> � ", �?•� ' here�y secured.(e)ent8t upon c':�'�(ake poSSBSSWn ot the Property or any paA there0�,and in its own name sue for ar otnenxi52 csltact suCfi rents,issue9 ;F,i, ;,•.�+�� �
<br /> ��`f . � and ptofits,includingthose past due and unpa�d,andapply the same,tess costs and expenses oloperation and coltec!itln,irtC1Ci.'g reasonable attorney's � . • . ,:,�;;"�
<br /> � ��r�� '� - feM,l.upon any inde6tedness secured hereby,and m sucb order as Beneficiary may determine;(b)peAorm such a�s at re^�as�:,s protection 89 may be �'• . • �� "
<br /> . *�'- ?�- ��7'+• necessary or proper to conserve the vatue of tne Property;(c)tease the same or any pan thereof tor such renCJ..::�.aa4:.�Gn such eondiNOns as its � :?,, t,�'��-
<br /> ' ±�=�.�;. �j� judymentcnaydictate.orte�mmataorad�uslthetermsandcontlitionsotoxistingleases.UnlessTrustorand8e�d'or�ythereafagreeotherwiseinxrrlting, ;..,;�
<br /> �� ' :i.S'.i. ��.. �r . . . �,:f./.•{i..''. ..
<br /> . eny eppticatton of rente.�SSUes or prolds to any indebtedness secnred hereby shall not extond or postpone the Cr_�3 Cate o!,s installmen!payments es �;,,�,�;`:: `
<br /> ,.,:,,� ;� �avlAed tn Said promissory note or ehange the amount ot suGi a�statfinents.The entering upon and taking�65sessian otche Propetty.the Colfection ..;E,,. ;1,
<br /> �7,�i�`. �- , � , �such tents.issues and prof+ts.�nd the apphcation the�eof as a's:asaid,shal�not wawe or c4-rr a"y detault or notic9 oi de�a7.t t�reunder Or invalidate ;,;,;�
<br /> ' • any aet done pursuant to suctl rcc:B.Trustor also assigns to Bene6c�8ry.as fudher setunty t�r:.i�periormance ot the obliga:�ons secured hereby,all i.r,;•: � '
<br /> :��'�,:+F prepaid rents and all monies wr�cn may have Geon or may hereafter be depos'EJ�Ndh sa�tl Trustor by any lessee o}t�e Property,to secure the Dayment I'� �
<br /> _ .'�'�i;:±' of any rent a cErnages,or Upon default m the pedoi manC@ o�any o)the provis:C+'S"�reof,Trostor agrees to de���er such ronte and d@posds to Berte'raiary. rr �:�r��
<br /> �`�'� Oelivery o}written notrce of Banehciary's exercise of the nghts qranted nerei�,ro G�y tenant accupying said L'c.cmises shall b9 SuHicient to re�u ro adid t�.
<br /> , • .,�i;.}1.I, �, �
<br /> . ;'wJr;?;,'r,a:., tenant to pay rent to the Benel�c�ary untd further not�ce. , , �
<br /> . . ..'-:,1',�',;,i':r{? '. ��' '
<br /> �� ,„, B.CONDEMNATtON.It I�Ite t0 any parl Of Ihe Property ShG�r�taken in CU�AOmnat�ort;;rG:vF�ings.by nght ot eminent Qos'�a�n Or simdar action,or �;�_
<br /> `'' �'"��;tiri•,;:';�:,;�•' shall be sotd under threat uf condemnat�on.a��avvards,dam���;and p►oceetls are hereby ass���ed and sha��be paid to BFr.Ef,��e►y who Shdll 8ypty (��4
<br /> � �•�"�'���'r+���^' such awards.damages and p�uceeds to the suM 5ecured by:r.:S tiust Oee�.;�"tho oxcess.d any.pa�d to Trustor.If Tru::or r.sceives any notice or
<br /> , ' ,.���,4;�+.:.'r: other intormation regardmg sucfi acuons o►proc3ed�ng.a,trustoF shau g�ve F-csr�:wntten nodce thereol to 8enet�rr�ry.Bene'.�w^y shall be enUtled,at �'�:,
<br /> , ,..
<br /> � d9o0uon,toeommence.appearinandprosecutemiisaHnnar'�e,;^ysuch�c:•3:��=proceedmgsandsha�lbeer^��c-�ltqr�ake2ryc=^Gfomisaorsettlement �� ' •.'�:r:�,.I.
<br /> . �1�` • , in connection witb any such ad�on or proceed�ngs. i;. • � .
<br /> . ;�'!�� ' �� ° 9.FUTU::E AOVANCEB.Upon request ot lrusioi.Benb':�c!•°�c 8ere'.E:a�y's optwn,pnor to reeonveyanee ol the Pro�+rj co Trustor,may make �; . •
<br /> lulufe adv3fitestoTrosto►.5uth future advancas.wAh int�reSl:,ereon,sh�'st�:sBtured by th�s Trust Deed when evidenCed by pmmissary notA9Stet�ng f
<br /> ' � � that Said nota9 are seeured herehy.prowded tndf et no llmv Shalf the SBC;.�e4�C"ne�pat and tuturv advartee9,not�nctudmg sums aQvanCed to prot9Ct ,
<br /> � - - ' the SeCUrity.exteed two hundred percen!�iUO'o)ol lh<_•ougma4 p!mCipal�":uyts SeCUretl h(�reby " . .
<br /> � - - � 10.HEMEOIES HOY EXCLUSIVfi.irustee antl 8enehciary,and eacn oi t�ena sh<,�i ta entd�ed to en!a:cC�ayme�t a�et performance of any indebtedness ,
<br /> , , . , Ot ObUg8ti0nS SeCUred hr►eby antl tv B�cBrciSe all irghts and poxeis��nder fn�s?rust beee or under any other agreement exetuted m connection nA�oN+th
<br /> ' � . Ot 80y�eY+S novi o�hereahet m toiC9,nOtt+ithstandmg some o�ai�ot th�sech�ndehtedness anA obhgations seCUted nereby may npw or hereafter be i .
<br /> -- � Otherw�se SeCUrea.Whather by moetg3J�.tras!deNd.p!edq�.Len.ass�gnment or othervnso Nodhe►Ine acceptanee o}this TruSt Oeed nar rts entorcement �
<br /> �-• ,.-.. : .- .- .�-._- •. _�-- V. BfhB►b COI1ttaC1iQA0tpUtSUdtl [6lhBp01�@f �9aIUU U1hHIN4ibd(SrCfC:ii:.3'.'.:5:^..^G3.�~3!?Q!atL�:C�°Q•tng^�fT!311vn��Has�LT�'1S�9agAtEtnnBbC�d�}f'S __. .__ . .-- . _ -
<br /> - -- * � 1 U 1 _. _.
<br /> .�. nght to realite upOn bt entatCe any othe�sbciui;y now or here3�tet hgtd by Trustee o}Benetr�fary.n aerng agreetl tnat Frustee and 3eReficiary,an6 eac'n � " - •
<br /> , ! '
<br /> • . ,� � , �
<br /> f . e . � . •
<br /> .
<br /> ., ,.
<br /> , r� � . .
<br />
|