' . . �` �. .... s . . . . . . ; . 'c `.E.;- .. ., . . �S.. � v��4.
<br /> _ " �. • . r' . - <<�� �'�. - ., �T
<br /> ' .'�, � , , • �. . ��. . ., ' , � - , `� . o y�.� ``� iec � -- '�.�-�
<br /> � . M . ,^1 I , � ' � ' - .� ,� . � ' . •. - - ' . .�N_.a!'�i<` -? � —
<br /> ._ .1 , - 5. . .t . _ . . . . . .L° , ��� ' ' :�.� �4 . : . •. }�_..3:4 sC'�s'k"RBw.a'''
<br /> `� . < . �+4�7.S.F�`}t1�'d�ii4P�"t'.i'`�ti- __
<br /> � . , � . . . F� � t� } . � �c Y ..c7� .f,�..Y=�:!�=�"6�'S��"� --
<br /> s " � _ ' `_� _ . . � _ !lc'��4Y�x�.=.--,
<br /> ;. �� i I �� • j��Q � ` , ,� �[ �'^ _—'T __
<br /> —fir V •
<br /> ' . ... (d� araffior hes fhe rtgM and ts 6utY authar�d to e�an9 peRartn iq Obtigaftons und�tRta Oscd of Tcust�nt!thes4 ae�an�do no!u� ` _ _
<br /> °�r ( ` • � ' st�s9 not a��ilict wkfi tha provlslarq ot en5►ct,awtn.reg�dst[on,ocdisiancs.nrt�ot ta+v.arttract or ather ag�aomtrrt vfi;cfe msY 6s bittdi��°n ,�,___ _ ----
<br />_ ` ' ' Qrantoretanytime: d-•-
<br /> • ' '(e) t�lo actlon or ptdersedtng ts cr sftsll be Rendir�g orftueataned vAilefi mtght m�2erlaUy aHact ths Fcap�rry:and . -..<,w--
<br />-- . � . (� {irarrmr t�2s not vEotamed end sttasl not vtotatp afi►s�te.raII�tat►on.astilnnnee.cuts at f�r.wrttract or othtr e$roemertt pnciu�diryq.6u!nct �,,;.,.-;_,:_-
<br /> _ , ' �^. ` Umlfed tc.those BoVeming ktazardaus�AaterlaSs)wtfict�m18Rt m�atf�lty aReat the PcopedY or LsadePs�Ab at tM�r�st tniAs ProptRy Runuutt =_
<br /> � , to thSa Osad af TasL
<br /> ' �PAtOA OEEDS OF 4RItST.Qrffiitoi ropresente end warra�thst tlsem are no prbr deeds a3 t�ust aHe�tnger►y part of�e PrcpertY exo�p4 as aet• _
<br /> . , . � in�on Schad�.de 8 aitsched ta tt�is OQe�of Truat whlch Qremor egrsts to pay er�pa�4orm trt atimety manner.li triere sre nny pdor da�d't sS flu�t . w _._-- -
<br /> • . �en Qranmr agroas to pay aD amoui►ts owad.and pertorm all obJgatfons roqu[md.unQer sueb dee4�ot Vust and @ie tnd�9tedrtsss s�cured 9ureLy � g���'r�_
<br /> f€�_�__
<br />- • and furtAes agresas U�at a dataLft under anx prioi deed of trust shatl be a QefauR under ft�a Oeed at Trust and sRall ert�ttb LenQer tti at![Iyhb snd _�.__`
<br /> camadIas cor�:ned herein or tn tha Q�IIgahor�s to xd�teh Lender woutd�e er�titfed In Uro evertt o!any other dafacft �-�- _ _ -
<br /> - ° —- -- - •._ 4.THAtiSF�Fi9 OF T(�PAOFEii7Y OA B�C1AL t�iYe"fdF�T3 iPi tiRAYi�RS�R��S"R'Et�S�8ta c,�t o!a�cbnvey�na:(aue. , �_ __ '"� - _--
<br />-�....•`. . _ coritr�ct tor deed ar transfer tosrry pa�son o!aU ar aay psrt of fhe roal prope descr(Ded tn Selse�tuia lL or a�tMerest therein.or ot atl et anl/ • �;_:,:___
<br /> beneRcial[nberast in Banowar or C3rantor;'d 8ortavmr ar Qrarrtor[a not a�pe�son o�perser.s 6ut is a aerpara9�n.timlted IiabIDty comA�K �, __ _
<br />- , . . paRnetsNp.uus�or offier tegaf entily).tencsr may.at r'ts optton deetsrs the m�ndin9 Pnn�pal batance of tJte Obiigisiana plus aaxued t n�[�t . -___--
<br />- � tnarean Imm�atery due and payaCIe.At l�Cafs request.(ira�oror Bortower�as tlis case may he.st�aD tumleh a compiets smtemen!sett(ny i n r i t f =---
<br />_ � ; ailofiffistocldtotde�s.memt»ts.orpaz(Reis,�aPP�P�aie.endfhae�tnMfhelrreaRsctiveawrte�Tpintereata.
<br /> ' S. ASSiGI1�iEHT OF REK1'� �n oonsk:a�Ra��2�o OEitgatton�,wAt�are sec�ued by tl�is Deed o!TNSt.f3raMOr aLsofuteN aniSn.s tn 1�Q�r¢U �.
<br /> � Gtanto�g es9atd dght,6Ha.Uttnras�daim�'e�`��"�srtd naw awned ot ttanrafter acquired in eU existlng and tuwte[eases of ths RlogeRS10D.�u�►� -
<br />- •: • � e�anstans,renaxrata a�subteases),aff e�.�trr,sa�s tor use md occupanry ot tha Proyerty(all sueh leases end�eemartrswhett�er wrfttsr��u aia�
<br />- • ' ' � are t�ateaftat[aferted tb as the'leases).��I1:,r,uatanttes of lessees'pedormance urMer the Uases.tale�sr witA the irtuaediafs artd canEnutnp —
<br /> � , • �� <,. dgM to ooUeet snd reeetve a!!af tha rer�,Ir.'r.rra,recetpts,revenuss�issuas.profiffi end othar incams ot atry naNro now ot Mceatter dus�'r►e�uding -
<br /> - , .' .� ' ` any Income at any naricte coming due duN:���redempt[�on per(nd)undar the leases or Trom or edsing out of the Fropert5►Ind�in9 mTnimum
<br /> t
<br /> �enm�,additIonal rems.per�r�ga rents.Pan�'{T or eornman area maintenance coMn'Cutio�.tax and tnsurance cor►tribuHon9.de8ckncy rertb, _
<br />- . . � Qquldated damages toIIowing defaidt m a�ry C�e. all proceeds payabfo under arry paticy of insucanee wveQin9 tass at[eq►ts rawHti►�iratn .��: __
<br />-_ • : �mtenanmDfirty,t�used bY desuucHon or damage ta the ProP�Y.�P��C�te es a resuR ef e tessee's e�dse of en oytitan to pur�'sse tne =.-
<br />_ � • � �P�11.en Protxeda derived trom tne term3natton or mjectlo»of arty Lease irra bantQUpteg�othar tnsa►vaacy proeeedirr$�ans all pcaceeds from ------
<br />= � � . , acry ti �nd daitns ot enY Wnd whtch tirsrttar maY Aave 8gatnst arty Iassae under trie Leases ar arry oxupar�of the ProPmtY(a11 ot the a0ove are
<br /> r�oiteetiuety teterted m as t!►e`Fterrta�.7tUs esstgnmer�t ts sub�ctto 9�e dght,power and�tt[ority given to the landerto coitect end ap tY �;•'-
<br /> �� � � tho R�erns. TfiIs asslgnmeM is recorded tn accardaisce wittf apA�icatite stata(aw;the 8en�eated by thts assignment ts U�tendad to be�0.
<br />- ' � ` perteeteQ,and choate upan tha recording ot thTa Oeed at Tnist,aU as provlded by app[tcebte stata!aw as art�.andsd iram 4tme m IIme. As t9ag as �_'•_____-_
<br /> � � thare is na de?ault under ths Qdt[gati4ns qr tnts�oed of Tcust,Lertdar�tiraritor a reweu�te fieense to cottect all Etertta fcam ths le�sra wtt�n. . _
<br /> u
<br />�- � , . � �� dua end td use sucA proeeeda in ararnn�a business oparation�. FCowever�tetfdSr rnay sYanytime require Qrantar to daposit a!i Rer�tsdrita as�- . __ --
<br /> . r�- astoimt mair�ined by Qrantor or Lender et Lender's institutlon. Upon d9teult in the paymertt of.or tn the pettotmance of.any of ttse Obli�attan9, -
<br /> . . , � �;'+ LertQer may st ib op�on fake possession of the Property and have,hofd.man�qa.leaso and aperffie the Rmperly an tertns anQ for a pedad af ttme • '
<br /> that IaenCer Eeems propec Lendec may proceed to coitect and receive aU Rents from the property,and tender sha11 have tuU power to make
<br /> � � att�tons.renavaUons,r6palra or replacemerttsm the PropeRy as Lender may deem proper. Lender rriaya�p[y a!I Rartts in Isnder's soledisaeNon . ., -��
<br />- � � � to paymer�t of the Oh#igations or to tha payment of tife eost oi s�cch atterations,renwatlons.repa�rs and repticemecds end a�ry�pe nsas(neiderit to ^• ,���—
<br /> � taking antl ret�ning possession of tho Rroparly pertodicslly end tt►e menagemer►t and operatWn of the Properiy. Lecder m keep ine PropeRy
<br /> . • ctaims,assessmeMS and othar lions whtch may aaxue. The oxyense and cost of theae •' ��
<br /> . , � , . property tnsured and may dlscharge arry taxe�,charges,
<br /> actlons may be paid from the�ceoanad.end any unpaid emounta ahall be added to the pBncipai of ths 06IIgaHans. These amoarns,toSettie�
<br /> _�',�,' �
<br /> � with otner costs,shail decome part ot the Obtigations securad by this Oeed ot 7n�sl. . -� ,. ,
<br /> v.,r.,. ._.
<br /> - . . 8� lFARES AND O7HFA AGREEMEHTS. Grantor ehatl not take or tail to�any ecUOn vfitct�may cau�+ca permtt the tertnlnaUon or 8te .,.�,�
<br /> • � • withhoMirtg of e�ry paymaM in oonneaion with arry Leasa or other agreemeM�Agreementry peRainirtg to the Pr��ciy. tr�additton.Grarttor.w(thouR _ �� �' .
<br /> tsndePa pflor wrttten consent,aha9 nok(a)coltect arry monies payabte under arry AgroamoM�r,aro than ona meMh tn aQvan�:�(D)madity anyl • ���
<br />-, . " Agreemenx (o)asstgn or atlow a���a,securfty trroerest or other encum6rars�^.s Ce ptaced uprsT�ar►to►'s dghts.t3tte artd Intxc�st tn end to etry �• • ... .
<br /> aqreemor�t or ths a-rounts payab'�e thereunder,or(d)tertninate or cancel�•�C�-sement excer��M':e nonpaymeM of arry sum or other matedal . "� ; <
<br /> • � � breach by the c3re��--.y Q�ereto. M Granmr reca�at any time any written r�-��^mication as�a^�r3 a deisult by(iranmr undor an Agreement m � �-w,' �:�;r,,• .
<br /> Q
<br /> . ' � �� purpar6ng to �-irate or canaoi any Agreem�nt. Granmr shatl promptcq fswartl a copy c°s.utf ccmmuntcatlon (and any subsaquar►t . �;.J
<br /> t
<br /> • communicatians n�ng theteto�to Lender. Atl sueh Agreements and ttfe emoun�due m Gr�ctas chsreu�Qer are heretsy a�fgnsd to Londer as
<br /> -. . a�:�ortaf aecufityforthe ODitgations. -
<br />-• � 7. �OLlECT10N OF tHDF9TEDNESS FROM 4HIRD PAAT1f. Lendershall ba entitted to noUfy c:�ufre Grc�tor to noUty anytni-�igr�rty QnNuding, '�;••� .
<br /> � 6ut not Ilmited to,tessees,licensees,govemmen t a l a u t ho ri t ias an d insuran c e e o m p a n i e s)t o p a y L e n d e r an y i n d e h t e d n e s s o r o 1 a t;�s d o n o w i n g t u .��� �
<br /> • � Qrantor wftA respect to the Property(cumulativeiy'indebtedness�whether or nat a Qefautt axists under this Oeed of Trus4 Qrarteor st�all diliger►tiy ., •
<br /> � coltect the Indebtedness owing m Cira�mor irom theso t�ird parHes untll the ghrJng of euct�notlficatlon. In tha event that Qrentor possesses or recelves r� ;
<br /> • � � possession of any instrumenb or other remittancae with respect to ttie IndebteCneas tottowing tha givtrtg of sueh notiftcatlon or H the tnstrumerns or , .�`�' '' ;
<br />- ' other remittances consHtute the prapayment ot any tndebtedness or tha payment of any insuranee or condemnaUon prooeeda,Grarttor ehall hold �;�-;;1 :
<br /> • such insuuments and other remitffinces in trust foi Lender apart irom ks mher property,endorse tha Insuuments and other remittances to LsnCar, :��,�,�-
<br /> ���,�`;,:.,,.�s��' and immediately provtda Lender with passession of tha insVeiments end otl�or temittances. Lender shail b9 eMitted,dut not required,to coftact(by . ' '.+>�•_:�.
<br /> sV m
<br /> :.y.:•,,;, , iegal p�oceedings or otherwise),extend the time tor payment,eampromiso,exchanga or reieaso ar+y obl4gor or collateral.ar otherwise settte arry of ,/��_��;._
<br /> -� ;...•;.�;. the bdebtedness whather or not an eveM of detault exists under this Agraement Lendar ahail rt�CQ Iiab18 to Grantor tor any actton.er�or,mistaTce, _ :�� ;i ..
<br /> � . .�t'��?..;, � � . omisslon or detaypertalning to tAe ac8ona descr.�atf In this paragraph or any damagas resuiting:."r�reicom. Notwithstanding the forogoing,nathing . � �
<br /> . .. ••..`�`. heroin shaB cause Lender to be deemed a mor�-,�-in�possossion. , • '
<br /> � ' ���'�� �' •:.•:��;; w .
<br /> <•. �:}:.:•' :.,,. A. U5E AND lI�f6Il'�NANCE OP PROPEAiY. Grantor shatl take all actions and make any rspatn needad�s cra..�:7 Z'te Ptoparty tn gecd
<br /> �� F'::�5 •�� - - ��L
<br /> ,. eondlUon. Orar»~��:atf not car^���or permitarry waste to be commmed with respect to t79 P:uperty: Qrar�:��n w�ste PropeAy solety ire
<br /> .+;::,;�' comptlance wiU►a,�pAcabte t��v Frd insurance potietos. Glrranntor shatl not make any etteraUOrts.ai�2Wons or Improvertser�t2 L+v3 P�roperty without ��� . . . '�.+�
<br /> a
<br /> � LendaPs prior wrtCar�conser.' 1�lCtri�cut Ilmittng the toregaing,a!e�raitona,addiUons and imq-��emeMa made to the Propoe�;�all be subject to �
<br />- , , � the beneflciat iMerost Cetort�i.^�t�Gsndor,shafl nat bo removed w."saut Lender'e pdor writbm cor.senL end shail be made at(ira�Pa sote expanr�e. � r ' �'
<br /> - ,,
<br />_ . g LOfS OR OANAt��o�`.a11 bear the enUra risk of any los9,thett,desVUCtian or damage(cumutaUve(y'LOSS ot Dam�ge�to tha PtopaRy or •.�., �
<br />- any portion therecf�u.r a^y��a whatsaevor. (n tha evaM o!any Loss or�-:age,(3rantor sha11,at the opUon ot Lender,ropalr the affeeted . . � {;`.
<br /> pro�erty to its pre�ir.a��ai�m cr�ay ar cause to be pald to Lender the deae�2:r.1t�a tair market velue o!the affeeted C�cperly. '
<br /> �� . • t0. INQURAHC£. The Prc�s�'1 be kept insurod tor its tull insurab(e va'i:�tita,�lasemoat cost)against all hatarCs ir.N:��'dng foss or damag9 `:
<br /> � caused by ftood,earthquake,tatr�io and ilro,thoft or other casualty fi U�e extert r�4uired by l,er.rler. Cirantos may obtain ir�u-�r:e on tha Property •'
<br /> U
<br />_ . . � from sucA companies es�ac�ptable to Lender in its sota discretion. 7fie ir,surartce poti�s shall requlre the insurence a+'apanyt to provlde • " • . °
<br /> � tender with at least Eays'written noUce betora such policies are atUered or cancelted in any manner. Tha irt�ce policies shail � • .
<br /> � name lender ss a toss payea and proviQe that no act or omisston of tirantor or rinyr other person shaif aHect the�ight of Ls�cder to ba paid tha
<br /> �• ' ' Insurance praaeeds peRaiNng to Ure tass or damags o!tha Property. In the ever►t f3rantor taiis to aoquire or malnmin ins�:ranco,tnnCer(after
<br /> . • ' � providing nottce as may be�equired by taw)may(n ite disaeUon procure appropriate insurance oovetege upon ths Properry u�tt�e Insurance oost � . :
<br /> " � shaii be an advar►ce paya6te end 6etuing interest as described tn Paragraph 23 and secured Aereby Gfantarshall tumish l�der with evidence o} � , ��' ;
<br /> • • insuranoe tndi�the roquired coverage. Lander may act as attomeyandact tor(irarttor in making and settling ctaims undr�►[r.surance poNctes, �•�� ; • .
<br /> �� eaneelling nny paficy or enQots(ng Grantor'a name on arry draft or negotiabte inshument drawn by any insurer. All eurfi tnalc�»polieies shall6e ;��:�•� .:,'°�,�:..: .
<br /> . • Immediatety assigned,ptedged and detivere0 to Ler�der as turther seeurity tor the OS11ga2ions. tn tha event o?toss,fitantor shall immediately give ;;;,. _
<br /> tender written notice end Lendor is aut�orized to make prao}of loss. Each Insurenee company is directed to make paymenta directi�l to L6nder
<br /> � instead of to Lender and Qtantot. lender shell have the�ighL.at ite soto option,to appty rvich moNes toward the Obiigations or towardthe oast of : . . '
<br />_ � robuild'�ng and restodng the Property. My amounts may 81 lendar'e optlon be apptied in the irnerso order of tho due dates thereof. R
<br />- • ' ` � � 11.7AHIN0 AHDPRNATE COVENANi&Grantar shall nat Ini�ate or cansonttoarry change in the:onfng provlsions or pdvate covenams affec�ng ;
<br />' � . the use of the PtopeRy without L�enQar'e prtor wrltten oonsen� H Grantar's use of tAe Propeny becomes a noncontarming uso undor any:oning i .
<br />-� • � provision,Grantor shafl nm cause or permk such use to ba disconUnued or abandoned v�ithaut tho prlor written�onsant ot Lender. Grantor witl i
<br /> ' � �' � Immediatety provido lenEer wfth wrlttan noUco 01 any proposed changestotAe iohing provisions or private covonants aNecUng tha Property. � , �
<br /> ��� ' 12,CaNOEAANATIOAL Grantor shail immodlafaly provide Lander with written notice of eny actual or threatonad aondemnation or eminent domain j
<br />- � prooeedtng peRatntr�q to tha Property. Ali monks payabte to Grentot irom suoh oondamnaUan or taking aro hereby assigned to lender and shail bo ; ..
<br /> - • . ' '. appited Rrst to fhe paymertt of LBnder's attomeys'tees, Iegal expanses and othar cos4s pneludfng appraisal fee9) in connacUon with the
<br /> � • ° oondemnatton or eminent domafn proeeedfng3 and then,at tAe opUon a!Lender,to tho payment o!tho Obligations or the restoration or repalr o1 tha �
<br /> - PrasserH•
<br /> • ' 13. LEHDFA'8 RI�iHT TO Ca1AjAEHCB Oii OEFEND IFGAL ACi1dHS.(iruntar shall imme�iatery provldo Lendor with written noUee ot arsy aetual � i.,
<br /> '4 ar Ufrensttsd aotian,suit,or other proceeding affecltng the PropeRy. Qrantor hereby appoints Lender a9 it9 attomeyan-taet to eommenee,irtmnrene . .
<br /> � + � � � in,and defend suct�acttons,suits.ar ather tag81 proceedings end to eampromise or sett(e any ctatm or cantcoveray perteining tharoto. Lerrdet sha0 . . •
<br /> � not be liabta to(�rrantor tor eny action,error,mistaka.amtsstan or dota pertalning to tho acUons Qoscribod in thi�par�qrapb or any damt�qe9
<br /> y 9
<br /> • � rosuiNng theroNom. [�tathing oanmined horaln vrt11 proveM Lnnder trom ffiking tAO actlons described inthls paragroyh in its�m namo.
<br /> ' 10. IH�EMNiFICATIOlL Lsnder shafl not essume or bo rosponsiEto tar th�pertarmance ot eny ot Qrantcr's abligntlans ulnh respect to tho ProAorty
<br />- ,; . under arry ei�eumstaneea Grantor Sha►I lmmsdlataty provido Londor with written noUce o1 and InQemNfy and hotd Lender and its sh�ho(dora. .
<br />� ' ._ � Qirnetata,oNiLbr9.omDtoyo09 end Atleng harmless from atl ctalm�,dnmage9,liabftities(nctuding attcmays'tees and legal oxpensoa),causos o1 . �
<br /> .. .
<br />-- ---��.---'-•-....-,--
<br /> • ucBan,actions�suib and other tegsl proo�0�ings(aumutat�raty'Ctatms�)Parmtn►rt9 m ttro�op�nY Grt�fudm9.but rrot timited to.thoss imotvirrg • - --- ��
<br /> -� HF}28tdCt�9�A.�iEtI8I9). Granior,upon tho requa�of land�r,shatl Airo tegal counsal to dotend Lendor from sucA Galms,and pay tho attomoys'taas.
<br /> � ;, � •' . fagFil m�an..es and othor oo�t9 tnaurtud tn cannbetion ihosowith. 0�tho altnmatNe.Lnnder shall be anUtfed tc.emptoy ita ovm tagal oounsol to dotond ,
<br /> � suM Clalms at Grantor's co�t. Qrantor'e obllgatlan to Indamnify londar undor thls paragraph s�all sunrive tho termination,retoase or forectosuro ot .
<br /> ' � this D�stl ot TtusL ,
<br />_ ' .!� � � tDVJfa„9 m cannnumrocnr�gt»,a,e.u�ul6Q ts�63tsra9 vqon2as---.-- -..
<br /> ,
<br /> ...': .. . ..
<br /> . . � � _ _ _ _--
<br />
|