|
, - .a v�„� ... � . _ .., K�j�, '1-:
<br /> a.
<br /> �• � . ; .,...... .� .. � �� n . � , . . - 'i_-.-._.—.
<br /> . ,. .. �
<br /> w•��P'
<br /> -n vV rn.�� _.. f,��:�o��, ��tYGW.Y.irW«t ' n � � , .. . _ . _ .
<br /> • .... ...�. w�. .. . . „ . .. � ' ��
<br /> � � " ' ' _'_""._.... .......... . . ...."—'—'�.__'" �._....
<br /> , � . •
<br />-�_.,�__._ � ..._'-.._...._.__,._......._"_"___'"_'_...__..
<br /> _o�..�..W.,.��.�.�d M,Wqrr�.,...�_,-.._"""' . . ; .
<br /> L�•• 3�7F'u`,:t'�.i�Fr•<'.�. _Y+ -�.
<br />_. J�•��
<br /> 19••98=9��� ���� ��Y�111�5' ��;���a��c�� �c`�^d ���•.,�
<br /> l.Et'il ���`�.'U� (��fi11i1tSCEi) u'
<br /> ___- . ..�� --- ----._.__.,�
<br /> .._ -- -•--.—�...��._.—_.J�--_�
<br /> __.�.._. ... . . . -------_ ......- ----------- �
<br /> � I�UAT��R A93lJi4RP1C�9j A4TORNEY-lFt--FACY. Tho lot!qvting provi3fon9 P6!atlnfl to(urtho�a,suranca9 and etlornoy-1Mnct ure a pnrt o1 thlz •� a__a_
<br /> � , � DeoA of 7rus1. . . �_—
<br /> GudhAr Assuranca. A!a�ny 8rrw,�nd from Umo lo tlms,upan request af Lender,Trusta witl mako,execute and dallver,ov wlll cause lo ba
<br /> mado,�xoc�tod a cfolivaed,!o Lendor cr to Lendor's doslpnoe, and when roquested by l.end�r,cnuso to be fi!od,rac�rdod,rofilpd,ar .• a,.
<br />�r nr�cr►rd�d.u ihA cas�may b�,�t euCh tlmw and In auch ottic�and ptac�s a!Lenda�r may deem eppropriats.tny end ail such moRpafle�, ��°
<br /> � docds o1 trusl,Qecurity deed�,aecudty�preements,flnanclnp atatemdnu,conUnuatlon statements,Instrumenb o1 turther assurance,catiticate9,
<br /> nRd�tr,:.r�;;ur�i�nU ca msy,In th�^o!�apinl�n o0 Lend_v,be necassnry a dosirnbke In ordcr tu oHcr,tuuto,comploto,porfocl,contlnuo,or ��
<br /> - pr�ytw (A)th�obl{p�dora of Trustor und�r tha Noto,thl9 Doed of Trust,�nd tl�Rofeled Documentz,and (b)the uena end seouriiy Inte�ast� ��,,..�_.
<br /> Crwtod by thb l7wd ol Trust as flnl and pdor Ik�ns on tha 1'roparty,wtathet now owned a Iwreaflet acRVired by Tr�slor. Unless prohJbtted by :
<br /> la�w or r�r�d to fh�ConGary by L�nder In Ndtirty,Trustor shatl relmburse Lend�fa nll costs end e�ensos Incurted In connection wilh Iho „ �k�;
<br /> , , . rr�xNan nfarrod to 1�Ihts pernpraph. , • ��
<br /> . Attont�y-ln-F�*.i• If Trustor fslb to da any of the thlnqs r9farred to In tha procodiny parepreph,Lender may do so(a�and In the name ot �
<br /> Tnntor and ol Trusto�'e exponso. For aucn pwposes,Trustor ha:�oby krovocabty nppdnts lendor as Trustoro utto+ney-in-irlct lor lhe purpose '"x+�
<br /> of makinp,wcscutlnQ,deHwr�np,ANny,recordlnq.Ynd ddnp aq other lhinps ae may be neCessary or desirnble,In Lenders eole opinion,lo ��
<br /> flccompASh ttw rra.ttoro re!erted to in ihe preco�infl par¢graph. , .�F„�
<br /> Ft�l.PERFORMANCF If Trusta p�ya a1!tha Indebtedness when due,snd otherwise perto�ms ell the obliqatlans Imposed upon Trustor under ihls , �
<br /> Deed of Tnnt, Londer stuM xxecuta and daliver to Troslee a request (a tuN reconvayance end shall oxecute and delivar to Trustor suilabte
<br /> 6econvay no�a feo requtred by law s e b'o peld by Trustor,R perm Hed by flppjf�bee I�a,y���ntorost In ihe Ron�a and the Personat Proportyr. Any
<br /> DEFAIJLT. Etch of the tollowfr►p,at the optlon oT Lender,shail consfitule an avenl of defeult("Evenl ol Default�under ihis Oeed of Trust: �
<br /> D�faull on IndablWnes� Fplture ol7rusta to maks any payrtbnt when duo on the Indobtedness. ., �s%� �
<br /> � p�{NU1i pn pth�r Raymenta Faiture ot Yrusta wiihin the lime reyuired by ihis DseQ at Trus!!o mako ony paymen!fer lexes or insurance,w , '':,�..,�.;.� _• ..
<br /> �� any other psymanl necossary to prevent filiop of a to oHect discharpe o}any I�en. '� �r
<br /> CompllenC�Ost�ult. Fafluro to compry wilh eny olher term,oblipstion,covenant or condition contained In thls 6eed o1 Trust,lhe Note or In . �
<br /> any ot lha Retated Dacumenis. If euch a fullure Is cumbte nnd if l iustor has not been givon a noBco of ti breuch o}Iho:Amo provlsion of this � • �`°
<br /> Oeed ol Tcust wllNn lh�precedinfl tw�va(12)months,It mey be cured(and no Event ol DeTauit w(II fuiv�occurred)it Trustor,arier Lendrx �
<br /> �-� sond3 wdtton notice demandinp cure of such failuro: (e)curos lhe tailure within fifteen(16)dnys;or (b)111ho cure requlres more than fifteen �;�.�.�
<br /> „ (1b)days,Immodiateiy InfUates steps sufflciont to cure fhe fatlure nnd ihereatter continues nnd complotes all reasonable und necessnry steps ���
<br /> � 6uNfcleN to produco complianCe as soon as reesonably prflctical. -�
<br /> Fdie 8tetemento. My warranty,represantatlon a statomant mado a turNshed to I.ender by a on behalt of Trustw uoder thls Deed ot 7rusL .
<br /> the Note a tha Related Documents 1�Paise or misteadinp In any mntedal rospoct,oflher now or al the time irsade or Nrnlshed. i �•�. ,x�;..
<br /> Deeth or In�otvertcy. The death of Trusta or fhe dlssdulton a terminallon of Trustors exlslence as e polnp business, lhe Insolvency of ' "_,
<br /> Trusfa,tho appdntment of a rec�Iiver tor nny paA of Trustors properly,any assignment tor Ihe benefit of creditoro,any ype of creditor workout, .� �
<br /> re ��
<br /> or tha commencemonl of eny pracoedlny under any bankruptcy or Insoivency laws by or agalnst Trustor. 1'� '�
<br /> � Forectowr�,Forfellure,ete. Commoncement of forectosure or�orte��ure procvedinys,wnai'reer uy j�uk;�ni N���r.�,-�'!-�Mp,s����-n �:=_ ,.
<br /> � �� or any other me:hod,by any credita of Tnista or by eny povernmental aqency agatnst any of lho Property. Howover,thts subsectlon shell not �t' s
<br /> � appry In lhe event of a pood laith dispute by Trusior es to the vatldity or ressonabteness ot tho clalm whlch Is Iha bas►s of the forectosure or �..
<br /> torefelturo proceo d inp,pro N ded that Tnistor plves Lenda written notice of such ctalm and furrtlshos reserves or a surely bond fa tho claim .
<br /> eaHS�ectory to Lender. �'
<br /> � Breach of Other Ayreemen� Any breach by Trusta undar the lerms o(any other nflroomont bohveen Trustor and londer thni Is not remadisd � �
<br /> wtlhin any praca period provfded thereln,Inciudfny withoul Itmitatlon eny egreoment concerninp any Indebtedness or other oblipatton oi Trustor i y
<br /> to LBndB�,wh6th9�8%ISt1�1Q nOW 0►18t6�.
<br /> �, • Evenb Attecttnp Gu�rentor. Any ot the precedinp ovonts occurs wllh respoct to any Guarantor of any of the Indoblednoss a such Guarenta I '""�
<br /> h�obllpaU ns a slnp unCtar the puaranty In�a mainnw salfs actory to Le der and,n ddr+p so�t c'u e the E nt o Otefauit.�ume unconditlonalry i J l � 1
<br /> InlacuAfy. Londer In qood Palth deems Itsolf Insecure. � '
<br /> � RiGHTS AN�RENIEDIE3 OH OEFAU.7. Upon lhe occurtonca of nny Event of Detault and et any time thorsattur,Yrustee or Lander,nt Its opllon, i
<br /> rirtay exerclse any One a more ot the followiny rlphts and romudlos,In additlon to any other dphts or romodlos provtdod by law: •;,�•��±-..�
<br /> Aecelaration upon f?etault;Additionel Remedle�. If any evont of detaull occura wNeh Is nat cured withln fittoen(16)daya eNer notice,es per I � � :'^ ��
<br /> Oho torms of tho Note eecured haeby,Lender may dectare all Indebtednds�secored by this Deed of Trust lo bo due and pnyubie and tho samo i
<br /> . s'naN lhereupon become due and peynblo wlihout any presentmonl,demand,protost or noGCO of any klnd. Thorentter,Lendor mny: � }�
<br /> (a) Elther In person or by eyent,with a wlihout b�Inyiny any action or proceadiny,ur by a recelver appointed by o couA and without I �? �
<br /> •• repard to lhe ndoquacy o}its scacudty,entor upon and tako possesston of the Property,or eny Fart fheroof,In its own nnme or In the name f; � �
<br /> • 6 C
<br /> ` ' o}Trustoo,nnd do nny ncb whlch II deems necossary o�desirabl�to preserva lhe vNuo,marketability or renta611ity of Ihe PtoPortyr,or part a;�,'-_
<br /> of the Property or interest in tho Property;Incrauso tho Incame from the Property or protect lho socurity ot the Propnrry;nnd,wdh or without I ,, <
<br /> - � lekinp possesslon of the Proporry,sua lor or othenvlse cotiect the ron�,Issues and profits of the ProPeAy,Including those pnst duo and � �� w�
<br /> unpald,er.d apply tha s�me,lass cosfs and oxponsos ot opomtlon nnd colloctlon,Inciudinp attorneys fees,to any Indebtodness securod . �� �:;
<br /> by thts Daed ot TYust,all In cuch order as Londer mey dotermtne. Tho enterinq upon and tukiny possessian o}tho Proporly,lhe collocUon ! ��`• ,. 6
<br /> of BuCh rents,Issues and profits,and tho applicalion Ihereof ehall not cure ot waive sny cfefauli or nolico of dofauit undor thls Dood of Trust •' ,.:
<br />� a Invalidato any act dono in response to such dolault or pursuant tu such nut�e ot dofault;and, notvuithslandlny the continunnco In �
<br /> � possesston of the 1'roperty or the colioctton,rocolpt end appllcaHon ot renb,Issues or profits,Trustoo or lender shall be enlitted lo � ,'��
<br /> oxorcise evory dQht pr�vldod for In Iho Note w 1he Relnted DocumenM or by 1aw upon the bccurtonce oi any event ot detuult,Includinp tho
<br /> , rlght to exerc150 the powor o}salo;
<br /> . (b) Cammance an flctlon to forectoso thls Uoad of Trust ns n mu�tynge,eppdnt e recolver a speclllcally onforco any of tho covenants j
<br /> + . " hereot;and I • ''
<br /> (o) Ddfver io Trustee a writtan doclnration of dotnult nnd domon�ta cnlo nnd a wdHen notico of dofnull nnd etoction to causo Trustor's s
<br /> ' � Interest In thn Proparty fo be sotd,whlCh nolice Trustoe sheil Cnuso lo be duly filod for rocord In tho n�proprlato o(ftcss oi the County in
<br /> whlch fhe Propaty(s located;and
<br /> Ndebrfls�a UnlptormtCommorcial Ca o f�he PorsonN Proporly,Londer shall hAVO nll Iho righls and romedies af a seCUrad party undor tho ;
<br /> Forectosuro by Power of 8ale. If Landor elects lo forceloso by oxorclso of tho Power of Salo horoin contnlnnd,Londor shnll notify Trustoo und �
<br /> shal!doposit wlth Trusteo thts Daod o}Trust flnd Iho Noto nnd such rocctlpts and ovldnnco of oxpondiluros mndo and st�curod by lh�s Daud of �
<br /> � Trust aa Trust�may require. � � �
<br /> �_,—-.-- -- - - -- ,.. ��,.�,.e,.d„����v,h nn��cn trnm l�ndnr.Trusfae shall cnu5e to be recordod,publishod and dellvered to Trustor such NoUCO of Dofoult � �
<br /> - -- - -- - ��, ••.•--..___.r.-•--- - - ..
<br /> end NoNco ot Salo as thon requlrod by Iaw and by Ihls Doad ot Trusl. Trustco shafl,wiihout domand nn Trusror,attor sucn nm�ns moy � � --
<br />
|