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<br /> � In the euont of 4he passago of ony law doducting irom the value of real proper:y tor the purposes o�taxation �y`=__�.�;-___,��..
<br /> of any Ilen tFiereon,or chnnging in any wrny the taws for the tAxation of deeds oi trust or dobts sdc�red by deedf of� .._u;.._.
<br /> .'� ti; �, , trust for state or local purposes�or the ma�ner of the coilection of eny such taxas,so as to aftect this Da�d of T�ust,.�► �`�=-
<br /> � •�•� the hoide►of this Daed of Trust und ot the abligations which it�ecures shall have tho riqf�t to d�d�ro ali sums s�RUr�d � -�—�`
<br /> � ' h�reby due as Af a dete to be specitfed by�ot less then 30 dayt'writtert�otics to br qlven to Truttor by eeneflciary, 1�►�_
<br />� ��� ., �� � � provided,howevet,thAt wch�lectl�n shall l��ineff�ctive if Trustvr is permitteti foy law 4n p�y ti�Q wi�tt nf�uth f�x in � =� -�� � -
<br /> eddition to ell other paymenb raqufred i�ereunder and It,prlor to such tpeciffed date,daes pey such tax and eprtes � �N���;?;,r,.�.v--
<br /> ,. ` � to pay a�y such tax when he�eafter tevied or assessed aqainst such property,and such egreement sheU constituto a „� ;r:_s;==�---=_-----=
<br /> - • .. modifit�tion of this Oeed oi Trust. `� �^�'"�_�.-.---
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<br /> . Sums Advanted tp Bear Interest: To pay immediatety upon demand any surres advanced or paid by Qeneflciary +� ����!'--='"
<br /> � or Ttustee under any clause or provision of this Oeed of Trust. Any such sums,untfi so�epaid�shalt be eecur�d hereby �'• `�-�"f�N��:.
<br /> � and bear interest from the date it was aduAnced or paid at the same rate as such ind�ebtedness and shali be secured by - ���`�'"�°
<br /> �t.S,:•1�
<br /> �� � ' „ thfs Deed of Trust. „ � � °''���'�� �
<br /> • �• �saignment of Deposits: Thac as further additionai securlty if this be a constructfon loan, T�ustor h@reby � .� � � °_
<br /> ' transfers and assigns to Beneflciary during tontfnuance ot these Trusts,ati right, title and f�terest to any and aii .
<br /> 4n. .
<br /> �� � ,. monfes deposited by Trustor or deposited on behalf of Trustor with any city,county,public body or agoncy,sanitary �':�;;;���''�' _
<br /> -• dist�ict,gat and/or etectric company,tetephone company and any other body or agency, for the insta�lation or to '. �•' . � ''
<br /> " �� securethe installation of any utiNty by Trustor pertaining to this p�openy. ' , ° .,n.-:,���•
<br /> .. .•,:`{.h�=--
<br /> �� Failure of Trustor to Comply wtth Deed of T►ust: Shouid Maker or Trustor faft to make any payment,ot to do .;���,;;s���._
<br /> � ° any aa as provided in this Deed oi Trust,or fail to pe�form any obiig�tfon secured by this Deed of Trust,or do eny act .__ �'�-�-�
<br /> ti:_�..�_
<br /> Meker ot Trustor agreed not to do,Trwlvr si�ell i�b ii�dvic�uit uiida� thli D&�Of Trusi. Se�seficiary, but wtihacsi - • = �3 d�
<br /> �� obllgatlon so to do and wlthout notice to or demand upon Trustor and without releasing Trustor from any obligetion . � ;�3:��'a"
<br /> . hereof and without contesting the vaiidity or amount of the same,may(a)make or do the same in such manne�and � '�"` �
<br /> to such extent as it may deem necessary to protect the security hereof, Be�eflciary being authori:ed to enter upon ` ���';.;:�; ,.�
<br /> �� " such property for such purposes,and (b) pay, purchase, contest or tompromise any encumbrance� charge or lien, ' , ' ��� ,
<br /> which in its judgment is�r appears to be prior or superior hereto,and(ct in exercising any such power,pay netessary 4
<br /> ,; < expensos,employ counset and pay his reasonable fees. Trustor agrees to repay any amount so expended on demand ; � ;'���� .
<br /> of Beneficiary. '� ��
<br /> IT IS MUTUALLY AGREEO THAT: �'
<br /> Environmental�isclaimer: Trustor warrants(and this shall be a continuing war�anty which shall survive until I ��
<br /> atl tha oi�tigatians af Makar arTrustor Lo TrusLee and Benefislery ha�e been f��lly setisfied)that it is in compliance 1�_—=--'-�ai��. .
<br /> with aIl federat, state and Iocal environmental laws and regutations and has obtalned all environmentat permits
<br /> necessary or approprfate to the conduct of its business. There is not pending,nor to the best of 7tustor's knowledge. '�:. t
<br /> after due inquiry, are there any threatened environmental enforcement actions,suits or proceedings before any ��;,
<br /> court,tribuna� or administrative body or ofiicial. Trustor,or an�► responsible officer, general partner,or agent of ,�. ,�
<br /> Trustor, has not,nor has any former owner of�eal property occupied by Trustor,stored,used or disposed of any toxic r., a.
<br /> or ha:ardous wuaia�i�c:,�� �i5'piai�'ic,�ic'i vP N M�JNV�vM.^..^.j::::�::L'�»`.��n�o 1n n►f►nm itt�f►A�1P/f�Pt{I1 V{AIAf1Af1 Af _...,.:
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<br /> any presently existing or previousty existing taws,regulations or policies. The Trustor w11I not store,use or dispose of ��.�'
<br /> suth substances on this propeny.
<br /> , litigetion: Trustor shall defend this Trust in any action or proceeding purparting to affed suth property, �-
<br /> � whethe�or not it affects the security hereof, or purporting to affect the rights or powers of Beneficiary or Trustee, , ,
<br /> and shal l file and prosecute at�necessary claims and actions to prevent or recover for a�y damage to or destruction of ,
<br /> s such property; and either 7rustee or Beneticiary is hereby authorized, without ob�igatlon so to do,to commence, � "-��
<br /> a ear in or defend an such action, whether brought by or against Trustor, Beneficiary or Trustee, or with or � --i;%r"
<br /> without suit,to exercise or enforce any other right,remedy or power available or conferred hereunder,whether or f "'''�„ `
<br /> ' not judgment be entered in any action or praceeding; and Trustee or ee�eficiary may appear or intervene in any �
<br /> attion or proceeding,and retain counsel the�ein; and take such action therein,as ritl�er may be advised and may j -
<br /> settle,compromise or pay the same or any other cla�ms and,in that behatf and for any of said purposes,may expend ` . �
<br /> and advance such sums of money as either rnay deem necessary. Whether or not Trustor so appears or defends, .
<br /> Trustor on demand shall pay all costs and expenses of Beneficiary and Trustee,including costs of evidence of title and �
<br /> • attorney's�ees in a reasonable sum,in any such action or proceeding in which Beneticiary or Trustee may appear by
<br /> � virtue of being made a party defendant or otherwise and irrespective of whether the interest of Beneficiary or � '�
<br /> Trustee in such property is directly questioned by such action, including but not limited to any action for the
<br /> condem nation or panition of such property and any suit brought by Beneficiary to foredose this Deed of Trust. � �
<br /> Condemnation: AI� sums due,paid or payable to Trustor,or any successor in interest of Trustor,whether by
<br /> ! way of judgment,settlement or otherwise,(a)for injury or damage to such property, or (b) in co�nection with any
<br /> � condemnation for public use or injury to such property or any part thereof,or(c)in connection with the transaction
<br /> � financed by the Ioan secured hereby,or(d)arising out of all causes of action, whether accruing before or after the
<br /> date of this Oeed of Trust, sounding in tort or contract, inc�uding causes or action for fraud or concealment of a
<br /> . material fact together with the setttements,proceeds,awards and damages,direct and consequential, in connection �
<br /> therewith,are hereby abso�utety and irrevocably assigned and shall be paid to eeneficiary,subject however to the
<br /> • rightsof the holder of any prior lien. Benefici ary shall be entitled,at its option,to commence,intervene in,appear in
<br /> � and prosecute in its own name,any actio�or proceeding,or to make any compromise or settlement. in<onnection
<br /> with any such taking or damage. Trustor agrees to execute such further assignments of any compensation,award,
<br /> � dAmages,rights of action and proceeds as Beneficiary may require.
<br /> !: � The amount received by Beneficiary pursuant to this Deed of Trust under any fire or other insurance policy,in
<br /> _�_ t.. ..L.1: ..i ♦n euih nrnnorfv fnr iniu►V AI damaee to tuth
<br /> � conrie�ii6�i WtU� di�y <VItYCtttt�Piiv i .vi Nuv..� �+� ... %: 7�jL'.'j ... ...�.. r.-r-._i. ._. .--._.. -' -- - -
<br /> • propeKy,or in connection with the transaction financed by the Ioan secured hereby are to be applied at the option
<br /> of Beneficiary upon any indebtedness secured hereby. No such application, use or re�ease shall cure or waive any
<br /> defau�t or notice of default hereunder or i�val idate any act do�e pursuant to such notice.
<br />- Gonsent.Partiel Reconveyance,Etc.: At any t�me,or from time to time,without tiability therefor,and without
<br /> � . �� not�te,upon written request of 8eneiiciar y,anc�w�ti�out aff2tiing the persansl liabiliiy of any pers�n ft�r�aymPnt ef �
<br /> � the indebtedness secured hereby,or the 1 ien of this Deed of Trust upon the remainder of such propeny for the fult '
<br /> } � amount of the indebtedness then or thereafter, secured hereby or the rights o� powers of the Beneficiary of the �
<br /> Trustee with respect to the remainder of such property, Trustee may (a) reco��vey any part of such property, (b)�
<br /> � consent to the making of any map or plat thereof, (c) join in granting any easement thereon, or (d) join in any
<br /> ; extension agreement or any agreement subordinating the lien or charge hereof.
<br /> , tOtOt0019 R!V 17 90 Op�10�S �
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