|
. .. . ..�. ,.:.,,, : _.... , , , .r
<br /> :.,.,
<br /> °:5"""' � . .. .. � ., , , .
<br /> �; _i �, � �' � .: . .:" � , ... „ .. .. ;G, . \� . .c ;, ,�__ _.�
<br /> - � ra . ��.r,.;. . �.y�;�.� � , � � t-. fy.r�.,(� .'. _�tRc.�.�kor �-n �. .�: .. �. �.:`,;,�� . .�. . ..�.
<br /> . .. -.r' _. _. __'___._ .SR._r.i�h\V?fl¢y�'�4.'�3�l�S�11��.�`s�.:v� -a.s�ta:.rL:....tr���... '.�1. . i 7ifi.hh7W�4+r:�
<br /> ,..--. �
<br /> �.�
<br /> • ..._. .. _ ..
<br /> �=LI.i1'.:Si�r±'�a�G6!5� ►�°'.- _ .-+:��_�!.°_�.��•.yl__—
<br /> '_ ';53.;?T,"i?;-:-
<br /> "�" ^�,�F�� 09-1�-19sa D�ED OF TqUST , Pape 2 ��'�.��,v:�.
<br /> ., l.onn No 198 lCa�tl�uad) ---��-�.�Q��L�,---.T..___�
<br /> ._._._...__ _r_.__.— - - _...._. ..__
<br /> �--���-----.��.�� ---------------------------�--__..__ . ,.
<br /> , YHIS OG::fI aF YIiU:;Y IH�i.U�t��O YK2 A9a1QtdP°�P�Y Or RL"•fdT3 Af,D YPfH �GCl1��ITY I�J'�EiqGuY IPJ YK� {�E:1'JYG AtJ�t7�i{7s0:J��. I
<br />- ° Pt20PEii7Y.t5 OIVEN YO S�CUF�E �1)PAYMENT OF YME INDEF7TEDNES3 ANA (2�PERFOti1AANCL AF ANY AND�LLl.t1011�AYIffN3��
<br /> „ _� � TRll9TOR llNDER TNE t10T�,TF4E RELA7Efl f}OCUhSENTfi,AND THI9 6kCQ OF TiiS19T. 'fHla UE�O OF YtiU37 19 QIY�N AkU ACC�PTED :
<br /> -T,_,,:'. OMTFiE�Ol10WiH07ERA1S: I " � -
<br /> � PAYMF.NT AEi�PE.RFOAMANCE. Excepl es ottsenv!se provtdad In Ihi9 Dood of Trust,Truslor ehnll psy to Lender all 0mounN Rscund by Ihif DMSI .
<br /> - of Trur►G.1 thGy b::sor�t�9u�,ond�h�!1�ttfctly�nd In Q tlm�ty rri�nn�r��rlorm oll a1 Trustor's ubli�allons und�r Iho Note,lhts Doad 017ru.1,¢nd fho f
<br />_ - RYWfod 04CUmYrrts. • ' „ .
<br /> POSSESSIQN AHQ MAINTEHANCE OF THE PROPEii'�Y. Truator agross thul Yrusto�'s possesslon and uso of the Praperty ehall b�povern�d by
<br /> llw fdtowinp provfsions: „
<br /> . � Poaesslon�d Uw. IJnlil lhe occurrena o1�n Event of Delault,Trustor may (a)remuln In possesslon nnd cnntrd o1 Ihe Prop�rly, (b)us�,
<br /> opsr�tp or manaye Iho Prqperty,and (r,)Collact�ny Rents Irom the Nroparty
<br /> � �uty to MaintMn. Trusta ehall malntaln ihe Rroparty In lonentsbto condulon and promplly pedorm all ropalrs,replecementa,end malntonanco ,
<br /> .. necassary to preserve Its vatua.
<br /> � li�zrrdou��uEat�ncea. Tho terms"hausrdous waste;"haaardous substanca'"disposal,"'Yelease;end 9hre�tenad rWeese,"�s us�d In thls
<br /> • � � Daad af Trust,shall heve Ihs same mean!nps es set(orlh In Ihs Comprehensive EnNronmentai Rosponso,Compensatlon,end Llabflily Act of
<br /> 1980,�s enended,42 U.S.C.Soctlon 8601, et seq.("CERCLA"),Iho Supc�rfund Amendmenis end Reaulhorltat!on Act a}1986,Pub.L.No. •
<br /> � " p9..49g("SAFlA',lhe Haz�rdoua Matedals TransportaUOn Act,49 U.S.C.Secllon 1801,e1 seq.,Ihe Resource Conservalion and Recovery Aat,
<br /> " 49 U.S.C.Section 6901,et csq.,a other appt�abto�tste or Federnl lews,ruies,or roputnlions adoptod pursuent to any of I�e 4ore�dny. The
<br /> terrm"huardous waste"and"hunrdous substonce"shell atso Include,without umitallon,�etroteum and petroleum by-products a eny hactlon
<br /> � � lheraof and asGestos. Trusta represants end warrants to Lender that: (s)Dudng the period ot Trustor's ownership of the Property,lhere has I
<br />- � b�n na�xa,psn�tcUon,msnutn_ture,stora�e,trsatmenl,dispasal,retaasn or throatened rotoase of any hazardous Hesle o+substance by flny �
<br /> " " person on,under,or ebout the Property; (b)Trustor has no knowledge of,or reason to belleve that Ihere I?as been,except as previausty
<br /> • dfsciased to and acknovAedsed by Lendar In wrflinp, (I)nny use,generaUon,manutacturo,storage,troutment,d(spos8l,retoase.a threatened
<br /> , retease af eny hazxirdous waste or substance by nny prior owrtars or occupents ot the Property or (tl)any aCtual or Ihreatened Iitipetion w k � ��
<br /> claim3 of any kind by any perso�relatlng lo such matters;and (c)Except as preNously disclosed to nnd acknowledqod by Lendae In wriiinp, l ,
<br /> � (q nelihar Trustor na any tonant, Confraclor,agent or other authodzed user ot the Property shell use,genprate,manufacture,stpre,treat, f .
<br /> dispose of,or release any haznrdous wasle or substonce on,under, or about the Property and (il)any such acllvity BhaU be conducted in I ,
<br /> . campilance wilh all applicable loderal,stato,and locni laws,repulntions and ordinnnces, inctuding wiihoul Iim(intlon Ihose laws,rogul8lipns,and
<br /> ordinpnCms doscrlbed above. TruSta authorizes Londer end Its agents to enter upon Ihe Property to mske such Inspections and tests,al
<br /> • Trustors expense,a,Lender may deom appropriate lo determtne complianco of the Property wilh lhis section ol the Deed of Trust. Any , �"
<br /> . Inspections or tests made by Lendor shall be far Lenders purposes only and shall not bo construed lo creaie eny rospon5lbilfty or IlBbility on lhe � � �,
<br /> p8A oT Lender lo Yruslor or to any othor person. The reprosentations nnd warranties contained herein sre based on Trustor'c due diliyenco in �_
<br /> Inveslk�aNnfl the Arapurty for hezardaus wrsslo. Trustor hereby (n) releases and waives any tuture cialms against Lender tw IndemnHy qr j,"�-!�
<br /> � con�ibution fn tho event Trustor hecOmas Ifablo for cloenup or olher costs undor any such laws,and (b)agreos to indemnity and hold harmless .,.
<br /> , lendor apalnsl any end all clalms,losses,Aubllflios,dumapes,penallies,a�d expenses which Lender moy Glrecliy or indirectly sustaln or euBer ,
<br /> ___....�_._�___�___._.. �___ ., ., � � o..�..00��onra nt arn uca.aanArAtion.manufBCture.stotafle,diSpOSeI,tel�&S8 ' :
<br /> _ . _ .. twum�ry nuu�o�wa�u����i�o ovo'$vu"v1!!`�^o '��d 0.'fitl..°..^.!.°.,.°»......_�ti1-'.'- -.- • -- •„ -------- -
<br /> a throateaed release oCCUning pdor to Trustor's ownorshlp or Interest In the Property,whelhsr or not the samo was or ehould have boen �—r •
<br /> known to Trustor. The provislons of Ihis section of the Deed of Trust,including the obligation to Indemnity,shali survive the paymont of Ihe I ��
<br /> indobtodness and the sstistaction and reconveyance of thA lien of Ihis Deed ot Trusl and shail not be nitected by Lender's acqulsitlon of eny
<br /> interest In Ihe PropeAy,whether by foreclosure or othorwiso. ' • � '
<br /> �, � Nuls�lce�9NOlte. Trustor shall not cause,conducl or permit any nulsonce nor commli,permit,or suNer nny stripping of or wasto on or to Ihe � . � �
<br /> PropGrty or any portion ot fhe F'roporly. Without limitinp 1he generality of the foregoing,Trustor will not remove,or grant to uny olhet pIIrfy the � `� � '
<br /> right to remova,any timber,minerals(Including oll and gas),soil,grevel or rock producls withoul the prior wrilten conssnt of Lender. .•
<br /> ., . . REmOV�I 04 im{NOV�ments. Trustor shall not demolish or remove sny Improvomenis from tha Roel property without the pdor wdNen con5ttnl I �'•�•'�'�!�
<br /> • . of Lender. As a Condifion to Ihe removal of eny Improvements,Lender may roquire Trustor to make arrangemenls sfltisfactory to Lender to I . i
<br />� � rnp4�Ce suCh improvemenls wlth Improveme�ts of alleael equal value. , .
<br /> Leelder's Hlqht to Enter. Lender and its egents flnd representoilves mny enter upon ihe Reel Proparty af all re9sonable Iimes fo flHend to i �r -
<br /> . Lende►'s Interesls and to Inspect the Property for purposss ol Trustor's complinnco wnh the terms and conditions of Ihis Oeed o1 Trust. ..�%-
<br /> ComptlulCe Wlth Governmentel qequlrCments. Truslor shall prompliy comply wim oil lews,ordinances,Bnd regulatfons,now Or hereafter In � • ,T
<br /> � eHeCt, ol 811 govemmenlal autharities applicabio to the use or occupancy of the PropaAy,including without Iimitat(on, fhe Am�rictttns Wlth ( ' � .
<br /> DlSnbititloS ACt. Truslor may contost In good Ialth any such law,ordinpnco, or regulatlon and w�thho�d complianCe during any proCeeding, � .^
<br /> Inciudtn�9pproprtflte c{ppeals,Lo long as Trustor has notified Lender in writing prior to doing so and so Iong es, In Lender's sole opinlon, �
<br /> • � lender's Interests In Ihs �roperty nro not�eopardized. Lender mey require Trustor to post ndequate securtty or n surety bond,ret�sonnbty
<br /> _ saNslactory to Lendsr,to protecl Lenders Interest. � '
<br /> ^ • Outy to PtotECl. Trustor agrees ne0he�4o abflndon nor lenve unaHended fhe Property. Trustor shall do e�l other acts.In ttdditlon to iho59 aCts
<br /> set fcrth above In thi9 SeCtlon,which fror�Ihe charecter and use o1 the Property are reasannbly necessary to protect end preserve Ihe Froperty. j
<br /> OUE ON SALE-CONSENT BY LEfiDER. Lender may,ut Its option,deC�are immediutely due nnd payablo nll Sums seCU�Ud by ihis Deed of Trust �'`
<br /> � upon the sala or transiar,without lho Londer's prior wriHon Consont,of a11 or any part of Ihe Real Property,or any Interost In tho Ftonl Property. A
<br /> "sate or transfe�'means the conveyanCe of Rea1 Property or uny right,tllle or Interest Iheroln;whether legal,beneficlal or oqultabte;whe►her voluntary �
<br /> • or Invoiuntary;whethor by out�iqht sato,dood,installment snlo contrnCt,Innd conlract,contract for deed,lensehold fnterest wilh a term grenter tAnn �
<br /> � � Ihree(3)yoars,�easo-oplion contmct,or by sale,essignment,or Irunsfer of any beneficlai inlerest in or to eny lund trusl hotdlnp titte to the Heal �
<br /> Property,or by a�y othnr method of conveysnCe ol Real Proporty Interest. If any Trustor is a corpqrfltfon,partnership or Ilmilod Ilabllity company, i
<br /> ' • trpn5ler also InCludes any change In owneMhip of more than hvanty-tive percent(2590}ot the votiny stock,partnershlp Intorests or Gmlted Uabllfly
<br /> Compflny InZeres�,es fho case mny bu,of Truslor. However,lhis optlon shull not be exercised by Lender if such exerci�o IS prohibfled by tederal !
<br /> ' law or By Np4reske law. '
<br /> � . TAXE3 RND LIF�l3. Tha following provlslons relclting to the laxes and Ilens un the Properly are u part of Ihis Deod of Trust. �
<br /> ' • Psyment. Trustor shaU pay w�on duo(and In all ovont,prior to dolinquency)a�l taxes,speciat taxes,essessmenls, chac�os(including water
<br /> - end sewer), flnes and ImposlHOOS lovied n�ulnM or on account af the PropeAy,and shall pay when due ull claims for wak done on or for
<br /> � SenACes tendered or matedat turnishod to tho Property. Trustor shall malntafn fhe Property freo af nll Ilens having prioAly ovor or equal to Ihu �
<br /> � Interest of Lendet under thls Deed ot Trust,except lor Ihe uen uf texes end essessments nol due nnd oxcept us otherwfse provided in this Doed
<br /> o}Trust.
<br /> � • Ripht To Contcat. Trusta may withhold payment ot any tax,essossmont,or clalm in connection with n good taith dispute over the cbligaflon �
<br /> to pny,so lony as LendePs interesl In the Property Is nol Jeopnrdized. If e Ilen artsss or Is Iiied as a result of nonpaymeni,Trustor shall withfn ,
<br /> fiHeen(16)deyS Gfter the Ilen erises a,I)e lien is fited,within tiHean(15)days afler Truslor has nofice of the filing,sscure(he disCherge of lhe
<br /> � lien,or R requested by Lender,doposit witH Londor cash or n sulficleN co�porate suraly bond or other security satisi�ctory to Lendor in an !�
<br /> amount suHicient fo discherga lhe lien pius eny costs nnd attornays'teas or olher charges that could nccruo ns e rosutt of e foraclosure or sule
<br /> _ _ __._..--__-.___-_.— _ . . _ . _ ... .. .. . . .�'.. '_.�'�'__.._��_�...�..._��.�..��..l.........ew1 n..a1�11An _ ._.._ _ ....
<br /> � , - Y- - - unaer tne nen, m eny comest, �rustor snan aereno�rsan anu�@navr anu annn anm��a���o�.��rvw••�•�•�.���•���.^�--�------ -- �- -
<br /> � • , PropeRy. Trustor sh&II nnme Londot as an adtlitional ob�igoo undor ony suroly bond lurnishad in ihe contest proceed�nps.
<br /> , EYldCRCe of Paym�nt. TruStor shull upon domand turnish to Lander 5alisfuCiory ehdenCe of paymenl of Ihe texOS or tiSSpSSments nnd shull �
<br /> � •- euthprite Ihe 0pproprinto governmental ofiiclal to deliver to Lendar al nny Ilme n wniton statemonl ot the 18xea nnd assessmenfs agalnst tho
<br /> PlpQ(!f1)r.
<br /> � ' ' Natice of Construction. Trustor�:hall not�fy LOndar at least tilleun(15)dEys bofare any work is comme�cod,any serv�ces aro turnlshad,or any =
<br /> ° materiais flre supptied to tho Property, If pny mechtinic's Ilsn, maletlnimen's Iien,or olhpr Ilon could be nssertad on ncsounl ot lhe work,
<br /> ° servk.�,tx malerials. Trustor wl!I upon roquest of Londer furNSh lo Londor advnnce nssuranCes sntisinctory to Lender thal Trustor can and�vill �
<br /> p3y Ihe Cost ot SuCh Improvomonts.
<br /> � ,� , ,. .• , PROPENTM DAMAGE INSURAt�CE. Tho fo�low(�g provisluns rolating lo inSUrinp�he PropaAy aro a pnrt of lhis OeUd ot 1"rust.
<br /> Malntensnce of Insuro�ue. Truslor Shali proCUro nnd mainlnin policles of firo�nsuranco wilh standard extttndod Covarago Ondo�somanis an a
<br /> replaotment basts for lhe Iuil insurable vaiue covarfng nn Improvemonts on lho Roal Properly In an nmount sulficipnl to avold appticalion of nny
<br /> ` •Colnsutan�e ciause,end with p s[nndard mortgagao C13use in favor of Lendsr. Grnn!or snail nls0 prpcure and mulnt;In comprehensive genorN
<br /> L '
<br /> �
<br /> . �
<br />
|