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<br /> 10. 'fAHE'J At2ID h�3E09MEtJYE3. Ornmor chall poy nll toxoo and aecosamonts rolatinp ta Proporty afion duo and Immcdiatoly provldo I..ondor i
<br /> ovidcnco ol paymont ol ot�rc�o. Upon tho roquosl of Londor,prantor o��all dopoolt a�ith Landor ocr.h mont�i ono•tv�elfth(1/12�of tho eatlmatcd cnnual i
<br /> Inaurnnco promium,tnxon and aososnmonto pcnalninp to�ho Proporty. So lonp ao thoro lo no dofuult,thoso umounto shnit bo applicd to tho paymnnt '
<br /> of taxes,aesessmenta and Inaurnnce as rnqulred on tho Praperty. tn the event of detnuit,Lender ahall have tho ripht,at Ito sale aptlon,to apRly the I . ,R-
<br /> tundn so hetd to pay any taxea or nyslnot tho Obllpntlono. My iuntle epplled moy,at Londer'e optlon,be npplied In reverse order o!tho due data � ;�.���
<br /> tharoo}. .. �, ,.
<br /> ib. IHSPECTION OF PROPER7Y, �OOKt3, RBCOROS AND REPOtiT9. Grentor ehall ellow Lender or Ne agonts to exemine ond Inspect the ' "
<br /> Proporty and exnmin�,Inopect and mako coplos of(irnntor'o books and rocords partalning to the Prop9rty from tlmo to time. arantor ehnll provide ,'�
<br /> any nasletence requUed by I.ondor for these purposes. �II of the slpnatures end Intormatlon caMalnod In Qrantor's booke and rowrds ehall be wrr
<br /> �enulne, true, nocurote ctnd comptete In nll reepacta. Ornntor ehall notu tho existonce of Lender's heneliclal Intere�t In Its 6nakR nnd ret�rda � �-�
<br /> • p���ai��t���ta s��a P�oNa�iy. Addiiioneify, lirentor qnnll fOpOrt, tn n torm sotlsfactory to Londar,such Informndon n�Landor may roqu�st rcqnrdinp _
<br /> Orantor'e finenclal conditlon or the Prnperty. The fntormatlon shell be}or such periods,shall reflect�rantor'a racorde at such t1me,and ehall bo �"
<br /> rendered wfth such frequency as Lender may dosipnate. All Intormatlon turnished by Orentor to Lender shell be true,accurate and complete In all .�,
<br /> reapeate,and oigned by(3rentor If Lender requocls. ,.
<br /> 17. E�TtyPPEL CERTIFICATHS. Within tan (10) days afler any roquest 6y Landor,Cir[►ntor shpll deiivar to l.endar,or any intended trenolatee of .. �
<br /> Londer'e rlphts with reapect to the Obligations,a sfgned and ecknowledged atatemant apecitying(a)the outstanding baiance on the Obligationa;and
<br /> (b)whother firantor posseasea any clalms,dofonsea,sot�ofls or counterctalme with rospect to ihe Obllgations and,Ii eo,the nafure of suah clalms, #�.
<br /> dofenaea, sel�offe or counterclalma. Cirantor wlil be conClueively bound by nny roprosantatlon that Lendor may make to tho Intonded trflnsferea with ��
<br /> respoct to thoso mattore In the evant that Grantor fafie to provido tho requeatod sta4omont In a tlmely manner.
<br /> 18. DEFAULT. Orantor shail be In default undar thls Deed of Trust and the Truatee's power ahall become operativa In the event that Orantor, " "
<br /> Borrower or any guerantor of tha Obligatlona: '
<br /> (a) fallsto puy uny 041igetlon to Lender whon due; � ,�
<br /> @) falls to perlorm any Obilgation or breechos any warranty or covenant to LenUer contained in thia Deod of Trust or any other prosant or tuture
<br /> agresment;
<br /> (o) dostroys,loses or damagea the Proparty In any material respect or subJecta the Proparty to solzure,confiecation,or condamnatlon; �
<br /> (d) eeaks to revoke,terminate or othervvfae Iimft Its 1(abllity under any gusranty to Lender;
<br /> (e) dles,becomea IeBaily Incampetent,le dissolved or terminatod,becomes insolvent,mak9s an essignment for the bunefit of creditors,talis ta � �
<br /> pay debta as fhey beaome due,filea e petition under the federal bankruptcy Iawe,hae an Involuntary potition in bankruptcy filed in which Orantar, � • 4��
<br /> Borrower or any guarantor Ia named,or has property taken under any writ or process of court; ' � •y�
<br /> (f) allows poods to be used,transportod or storad on tha Praperty,the posseasfon,tranaportatian,or uae ot whlch,Is fllegal; � � � -�—
<br /> (g) allo�ve any party other than drantor or Borrower to assumo or undortake any Obligation without tho written conser�t a}Lender;o� • —
<br /> (h) causes Lender ta daem Itself Insecure due to a signiftcant declino in tho value of the Property;or If Lender,In good falth,for any reason, �` °
<br /> beUeveathat the proapect of payment or pedormance Is impalrod. • y�,:
<br /> ' 10. RICiHTB OF LENDHR ON DEFAULT. If there Is a dofault under thla Dond of Trust, Landor ehell bo ontitlod to oxerclse ono or more of tho . �c_
<br /> following remodies without notice or domand(excopt es requlred by law�: •.�
<br /> (a) to deciare tho 061igatlona Immadiatoly due and payablo In full; „ ',,� �
<br /> (b) to colleat iho outetanding Obllgations with or without resortinp to Judlcial procesa;
<br /> (o) to require f3rantor to deliver and make availabie to Lender any personal property or Chatt0la constituting the Property at e place reasonably '• .'+��.
<br /> convenlant to Qrantar and Lender; �� ;�
<br /> (d) to enter upon and take possession of the Property without agpiyinp for or obtaining the appointment of a recelver and,at Lender's optton,to °--
<br /> eppolnt a recolve►wlthout bond,without firet bringing suit on the Obligntlona and wlthout otherwise meeting any stetutory conditlona regsrding "
<br /> rocelvere,It belnP Intended that Lender shall have lhis contraaual right to appolnt a roceiver; `
<br /> o ZC"i o'�i =� o iifiiid iii fi oi�2 G=i�io�i'u'ot�' nTi�i'vi tii'v o6�Tio. oili�oi ifi iiunion'n uw�i i�d�Tio.iii ii�o i�d�Tio'v}�'vii 'ni vi iii 1~0��o7'i'o u� ��---�
<br /> i I �F"i% S S "a F+ Y � .ti y�
<br /> Orantor,end receive the renta,Incomes,issues and profits of tho Property and apply the samo,after paymont of aIi neceasary charges and �
<br /> expenses,on account of the Obllgations; . ,
<br /> (fl to pay any euma In any forrn or manner doemed expedient by Lender to protect the security of thie Deed of Trust or to cure any default other
<br /> thsn payment of intereat or pdnclpal on the Obitgations; � ,
<br /> (g) to foreciose th18 Deed of Trust Judlclally or nonJudiclally and to dlrect the sale of the property through exercise of the�ower of sale as , -;
<br /> reforenCed in paragraph 20 hereof In acccordanco with applicable law;
<br /> (h)to set-0f4 Orantor's Obligatlons agalnst eny amounta owed Grantor by Lender Including,but not Ilmited to,monlea,Instruments,and deposlt �,,::
<br /> accounte rtsalntalned with Lender or any currently oxisting or future afffilate ot Lender;and � i
<br /> (1)to oxercisa ell other rights ctvailable to Lendor under uny other viritton agreement or applicable law. � ��}
<br /> Lender's righta are cumulative and may be exerdsed together,separately,and in any order. In the event that Londor inetitutea an actlon sooking the � � � '
<br /> racovery of eny ot the Property by way of a prejudgment romedy in an action against Grantor,Grantor walves the posting of any bond which mlght I ;
<br /> otherwise be required. Londor or Lender's doslgnee may purchase the Property at any sale. Proceeds of any Trustee's sale he�eunder ehall bo
<br /> applied first,to the costa and expenses of exercising the power of saie and of the sale,Including the paymont of the Trustoe's tees actuai�y inCUrred � . ��
<br /> and not to ezceed tho emount which may be provided for in this Deed of Trust,second,to payment of the Obllgations securod he�eby,thlyd,to tho i , •, �.�>
<br /> payment of�unior truat daeds,mortgages,or other Ilenhoiders,and the balence,if any,to the pereon or persons Iegaliy ontitled thereto. The ptoparty i • ,��..
<br /> or any part Ihoreof may bo eoid In ono parcol,or in such parcols, manner or order es Lender in Ite soie diacrotlon may elecL nnd ono or more i ' �
<br /> � exercises ottho powor herein granted shall not extinguieh or exhauat the powor unlesa the entire propertyr is eold or the obligatinne are pald n full. , . . �
<br /> . 20. TRUSTEE'S EXBRCISH OF POWER OF SALE ON DHFAULT: Upon default by Grantor in payment of any Obllgationa socared heroby,Lender �:
<br /> msy dociareall sums secured horeby Immedlately clue and payable and ehall cauoo to bo filed of record a writton notice ot defaultand eleotlon to sell -,
<br /> tho Properry.After the lapse of such time as than may be requirad by law foilowing recordation of such notico of defauit,and notico of sale huving , � �
<br /> been gfven es then requlred by law,Truatee,without demand on Grantor,shali sell euch property,either as a whole or in separete parceis,and In such , ' .i
<br /> order ae It or le�der may determina at publio auctlon to tha highast bldder. Truatoo may postpono the salo of a!I or any portion of the Pioperty by '
<br /> pubtic announcemont at the time and placo of sale,and from timo to time thereafter may postpeno the salo by public announcernont at the time and '
<br /> piace fixad by the precading postponement. Trustee shall delivor to such purchasor Its doed conveying the property,or portlon thereof,so sold,but ��
<br /> wfthout eny covenant or warranty,express or Implied. The recitals In auch deed of eny matters of}act or otherwiae ahall be conclusive proof of the ��,
<br /> truthfulneasihereof. My person,Including Grantor,Truetee or Londer,may purehase at such eale. `
<br /> 2/. RHQUEST FOR NOTICES: Grantor requesta tt�at a copy of any noNce of default and a copy of any notice of saie horeunder ba malled to oach
<br /> porson who Is n party horeto at tho addross of such porson sot farth horefn at tho ssmo tlme and in tho samo mannor roquired as though a eoparate
<br /> request theroof had beon filad by each such porson. _
<br /> 22. SHCURITY INTEREST UNDER THE UNIFORM COMMERCIAL CODE. This Deod of Trust shall bo conaidorod a financing statomont and a
<br /> tixturo flling pursuant to the provislona of tho Unilorm Commerclel Code(as adopted in the state whoro the real proporty(s located)eovering tixtures,
<br /> chattels,and flrticles of personal property now ownod or hereafter attached to or to be used In connectlon with the Property togethor with any and all
<br /> replacements thereoi and additlons thereto(the'Chatteis"1,end Grantar hereby granta Lender�security interest in such Chnttels. Tho dobtor is the
<br /> Orantor desaibed abovo. The secured party is Ihe Lender described above. Upon demand,Grantor shall mako,oxecute and deliver such security
<br /> ¢groomonta(as such torm le dofinod In said Uniform Commorcfal Codo)as Lendor at any timo may doom nocessary or propor or roquirod to grant to
<br /> Londor n paAeatod socurity interest In tho Chattols,and upon Grantor's fnllure to do so,Londor fe authorizod to sign any such agraemont ae the agent
<br /> of Grantor. (irentat horoby authorizos Lendor to flie financing statements(as such term is deflnr�d In sald Uniform Commerclai Code)with rospsct to
<br /> the Chattels,at any tlmo,without the elgnaturo of Grantor. Orantor wili,however,at any tlme upon roquest of Lender,sign euch financing stntaments.
<br /> Grantor wili pay all filing feos for the flling of such financinp statemonta nnd for tho rofiling thoroot et tho timos roquirod.In the opinion ot Lender,by
<br /> eald Unito►m CommerClfll Codo. If th3 Ilen of this Daed of Tru�t be aubJoct to any socurity agtoement covering the Chattels,then in the event ot any
<br /> default undor this Dood of Trust,all tho right,titlo and Intorost of Grantor in and to any end all of tho Chattols Is horoby assipned to Lendor,tognther
<br /> with tho bonofit of any doposits or paymonts now or horeaftur mado thereof by Grantor or the prodocossors or succossors In titlo of Grantor in tho
<br /> Property.
<br /> 23. REIMBURSEMHNT OF ARAOUNT3[XPENDED�Y LENDER. Landor,at Lender's option,may expond funds(including attornoys'fovs and Iogal
<br /> oxponsas) ta porform any act roquirod to bo takan by Grantor or to exerciso eny right or romody of Lender undor thfs Dovd of Trust. Upon domand,
<br /> ' Gran�tor jhall Imm�dlatety rofmb�rso Lendor for ell,such amounts expondod by Londor togethor with intorost theroon at tho lowor of tho highost rato
<br /> . TL� �1��11 4.�
<br />- -P.. n�wnao. uynv o anvvw uj i' �u�Ti iiio v'nio vi Nfiy7�oRi uiiiu ii�o u'6i"v vi ioiTi`vuiao-oS:. �� � o �
<br /> Includod In tho dotinitlon of Obilgatfone herefn and ahatl bo secured by tho bonoficiai interost granted horoln. Ii tho Obligatlons nro paid attor tho
<br /> . begInning of publicatton of notico of sale,as horoin providod, or In tho vvent Londor shell. at its salo option,pormit�rantor to pay any part of the
<br /> Obligetlon3 aftor tho beglnning of publlcation of notico of salo,ae horoln providod,thon,Grantor shall pay on domand aIi oxpense3 incurred by tha
<br /> - Truato9 and Londor In cannoCtlon with eald publleation,including roasonablo attornoys'teea to tha attornoys for tho Trustee and for thu Londor,and a
<br /> roasonablo foe to the Trustoo,end thla Deod of Trust shall bo socurity tor all such oxponsos and foos. �
<br /> � 24. APPLICATION QF PAVNIENTS. All payments rnado by or on behelf of Grantor may be applfed agalnst tha arnounts pald by Lendor (Including •
<br /> attornoye'faes t�nd lognl oxponsos)In connuctlon with the exerclso of Its righte or romodlos doscribed in this Dood of Truat and thon to tho paymont
<br /> of the remalning Obligntlons in whatever order Londer chooses.
<br /> 2b. POWEfl OF ATTORNHY. Grentor horoby appalnts Lendor as its ariorneyin•facl to endorso Grantor's name on ell instrurnents and othor
<br /> doCUments pertafning to the Oblipetlons or pood of Trust. In addilion,Lendor shall bo ontitled,but not roqulrod,to porform any action or executo any
<br /> doeumant roqulrod to bo takon or oxocutod bq Grantor undor this Deed of Truat. Londer's portormanco of such ection or oxocution of cuch
<br /> , documonts ehnl:not rollove Grantor from any Obligcttion or curA any dofault undor this Doad ot Trust. All powors of attornoy describod in this Dood of
<br /> Trust nro couplod with an Intorost nnd aro irrovocablo.
<br /> ' 2$. SUBRO(iATION OF LENDHR. Londor shall be eubrogetod to the rights of tho holdor of eny previoue Ifon, security intorost or encumbranco
<br /> • dlschnrpod wlth funds advancod by Lender regardless of whother these Ifons,security intorests or othor oncumbrancos hnvo boon reloasod of rocard.
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<br /> . � lPNF911C � FamAt�on Tcehnobg�os.ina 14/19/B4) IB001��7.�T99 pago�ol S -
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