|
. . ..i. . . . . ...r_. . .. ,.�
<br /> . U r__
<br /> . ' .�--1�h� ,
<br /> ., "�".��-_
<br /> , � . . .. .� . ..
<br /> � . "'
<br /> � � fr'� . i � � ., ' .. .. _�.Y'a.�'N � .. _.
<br /> :.i' � .. i 1.' �. ..Lf�� ' � � - .sih�.)!:"�'4.'f,_.,!��°.. ......i.:`_a_,,...,...._".,.. _........ _..�,.:r��' . ..
<br /> ... . • y
<br />. � ' . .. . _.._ —." ' —
<br /> . . . � , w ....�___......�.--�'----' . .
<br /> .. .. .,...,r ..��llt�++r.+"�;,r".�.a,.o.-.u..��..._:..._�__.... �
<br /> ' 8 9 F �� � �-.
<br /> � ��
<br /> � . IT IS MUTUA4l.Y AOREE�ZHAT: ��•.1 ��'�'�'�� ' I �-
<br /> �
<br /> -t+� • LITIflAT10N:Truataroh�all�folendthlsTruatlnanyacttonorproceedingpurportinqtoaftectsuchpropetty,�+hetherotnot I . ^_
<br />: it attects Rh9 security h�reof,or purpoPtlnp co aNect the rights or powers oi f3eneticlary of Truat�, and ehal!flle snd ��_
<br />- • � ;! prosecuta eU neceaaary c l�lma en d ectians to pre�ent ar reaaver tor any damage to or destruction o1 auch property.and _
<br /> �� either Trustee or Seneticlary is hereby authorized,wlthout obllgntlon so to do,to cammence,nppear in or de tan d any su ch � �
<br /> " ' actlon,whetherbrouphlbyoragelnatTruetor,B8n9fIC19tyOPYPU9Q68GYWI4P1QP�lItl1011t�uft,toer.erciseorentorceanynther
<br /> `'' right,remedyorpowereva�llebleorconferredhe�eunder,whetherornot�udgmentbeenteredlnanyactionorproceeding; '��
<br /> !' � �nd Tr�stor or Beneficlary may appear or Intervene in any action or proceading,and retain counsel therein;and take such �
<br /> � -+��-- action the�eln,es efther may be advised and may settle,compramise or pay the same or any other clalms and,in that behall
<br /> , � •;,,1;� � and tor any af said purposea,may expend end advance such sums of money as either may deem necessary.Whethe�or not �
<br /> T�ustor sv appears or detends,Trustur on demand shall pay all costs and expenses of�neflciary and Truatee,Includfng
<br /> �' cast of evidarrce of titlo und attorney's tees in a reasonabla sum,In any such actfon or proceeding In which Baneficiary or ^
<br /> `•�� T►ustee mey appear by vlrtue of being made a party defendent or otherwfa�and U�espective o1 whether the IMorest o1 `
<br /> : Beneflciary or Tru9tet�in such prope►ry is directty yueytloned by auch action,including but not Iimited to,any action forthe
<br /> ,� foreclasu�e ot,or ss�te proceeding$ under,any secondary Ilen on such property,condemnation or partitfon of such �
<br /> �� property, and any suit brought by Beneficlary to torectose this Oeed of 7'�ust : w
<br /> . �-.'�-,•. _ .
<br /> CONDEMNATION:All suma due,paid or payabte to Trustor,or any successor in interost of Trustor,whether by way ot j,�,,�,. . . _,:
<br /> '`� : judg�nanl,s34tlem�nt or othenuise,(e)for inJury or dama�e to such property,or(b)in connectfon with any condemnetian ;,•.:; � � �•�•�.�
<br /> � dbythsla3n �'f:�� .:�'��,:��"
<br /> tor public use or in jury to suc h pro p e r t y o r a n y p a rt t h e�e o f,o r(c)in connectlo�w(th the tir�snsac4lon�fn�cs �� �>;i::,,;,.„_
<br /> ,;� securgd herdby o�(d)arising out of all causes of action,whether accruing betore or after the date of llifs De e d o f Trus t, ,,�.:�j-•.: �__��-s_�--.�
<br /> 4�{ sounding in tort er contract, including ceuses of action for treud or conce�lment of a material faat together wflh the ; •r,����:;�,_ _,,r•
<br /> s9ttlemants,p�rocesds,ewards and damages,direct�nd consequential,in connection thergwith are horeb�+absolutety and ���,:",_k
<br /> ��, ti_�:�� �
<br /> ,.t..r,-�.�.:�
<br /> � � ` irreLa�cgbly assigned and sh:a:1 be paid to Beneficiary.Beneficlerlr shail be entitled,at its option,to cammonco,intorvene in, �L,z _
<br /> ' ap{�ear in and prosecute in i8� own name,any action or proceeding, or to make any r,ompromise or seiilerr►ont, in ��_ �,,�;;�,;.,.,�=
<br /> ' � connectian with any such t����g or damage.Trustor agrees to execute such fuRher ass�fgnments of any compensation, �_��y�.s,.__ ____
<br /> • ` award,damages.rights of action and proceeds es fieneficlary may requlre. '=:.F.^"�
<br /> � AlI amounts received by Beneficiary pursuanttothis Deed of Trust under anytireorother fnsurence(solfcy,in connection ���:`�� 1=—
<br /> �:.�.
<br /> ' �'� with any condemnation for�:Lbtic use of or InJuryto auch property,tor fnjury or dctmageto such heraby are to be applled et V� ,
<br /> ---�--- ii�viyiilv�����r.at�clar;upc::sn;4n�+�bl�±neacRwcuredhereby.Theapplfcation,useorreleaseofsuchamounishaD�ot ��\• ,.,
<br /> � � cure or vvaive ar��default or notice of d�°ault hereunder ar invalidate any ect done pursuant to sucn noiico.
<br /> n,.
<br /> :_�� CONSENT,PA�iTIAL RECONVEYANCE,ETC.:Trustee may,at any time,or from time to time,without liabflity thereiore,
<br /> •,-,.•;,,. and without notice,upon+�su238n roquest of Beneficiary,and without affecting the personal Ifability of any per�on tor 4,;;,
<br /> ''��'� pa3;ment ot the indebtednes��acured hereby,or the lien of thls need of Trust upon the remainder of such property tor the h,¢9:���
<br /> tullamountofthn�ndebtedn�s�'ihenort3��reatter,securedhereby,ortherfghtsorpowersotthe8eneficiaryortheTru9tea +• �
<br /> ','�.,� with respect to th�e remainder of such pro�em►,(a)�econvey any part of such prope►ty,(b)consent to the making ot any
<br /> ��� map or plat thereof,(c)join�n�ranting any easement thereon,or(d)join In any extension agreement or any agreemant .�• �
<br /> subordinating the lien or cha2ge hereof. ;,r�t'�
<br /> :t:...�;� �r
<br /> FULL RECONVEYANGE:7hat,upon written requestof Lieneficiary stating that all eums secured hereby have been pafd •}.::�,, .,f�
<br />._ ;, and all obligations secured hereby have been satfsfacto�ily performed,Trustee shal! �econvey, without warranry, the `I.,,,.- �,
<br /> property then held hereunder.The r�citals in such reconveyance of any matters of fact shall be conciusive praof of tha �,u`�
<br /> truthfulness thereat.'fhe grantee in such veconveyance rrey be designated as"the person or per3ons legally entitled .-, . s�}_
<br /> .;; ��,..,:;-�1��:
<br /> � thereto'.Such requests ar+d 7mconveyance shall o�or,ate as e reassignment of the rents, Income,issues and proflts �� -�=
<br />' �'•',', hGt�lnbelore ass[gned to the Heneficiary. ;s` .'�i ". ;,�},"
<br /> � .�'` `, ' ,��"._t+V.
<br /> .�, ,�:;
<br /> ;.,� RiGHTTO C�LLECT ANO RECEIVE R��1TS AND F'ROFITS:No2withstanding any other provisfons he�eof,�eneficfury �,�,�,,
<br /> `t,�F ' haieby grants�ermission to Trustor to callect and reteln the rents,InGOme,issuas r�nd prQfits of such property as thBy ,�
<br /> - tr�come due snd payable,b o T�gNd gat his Iast kno�vn addressmn�any eventtfsuc�h iperrnisslon to 7 u3tor shu lebe �
<br /> w�•a7ing to Trustor, mailed ��'�"
<br /> automatically r�voked upo�a s9afault hereunder by Tras2or. ���-°� •
<br /> ,
<br /> • FINANCIA1.1�9F�aRMAT10N:Trustor wa:1 provfde to Beneficlary,within 90 deys ot the close of each fiscal year ot Trusta�,a �
<br />- conselidated balanca shee3�nd statement of earnings of 7rustor and any snd all guarantore of the obligations seCUred . ,
<br />' � hereby and wfll provide srtd¢lali��or to Beneficiary such other financial intormatfon and in such manneras 2eneficfery may i�:�,,
<br />= '�;�,���� " direct from time to time. ��"�
<br /> r..:'
<br /> FIN/�NCIAL COVENANT:Trustor shail comply with and shail cause any and all guarantora of the obtigation secur�d i
<br /> - hereby tocomply with,or be M complfance with,the followfng financfal covenants:(Thfs paraAraph shall be non-applfcable
<br />_ if covenants and requirements are not filled in below.) 1
<br /> ., i��
<br /> . (.,.
<br /> � '•��, I _
<br /> -.. . _ I
<br /> <� � , ,
<br /> - — --—_� ._ �.—..--- . .
<br />_ ____: -.� _T. . � ,r-___ __-_
<br /> =;--- -� FVENTC�F DEFAULT:Any of the following events shall be deomed an ovent of default hereunder.
<br /> �
<br />�. (a)Detaultsheil be made in the paymentof any instaNment of princfpal or intero�tor any other sum securod hereby when
<br /> ^ � due;or
<br /> - ..:.�.�, ..
<br />� (b) Trustor shouid breach or otherwisa be in default under any term, covonant,agreement,condition,or provisfon
<br /> � �`' containeci herein or fn any buildi�►g loan mgreement or In any other agresment secured hereby;or
<br /> `' • (c1 �ny roprosentalion or covenant made herein,in any buflding loon agreemont,or in any othQr agreeme�t sgcureci
<br /> ��'...
<br /> hereby or given in connectfon herewfth or any fndebtednoss secured hereby should be ful3o or mislaa ing;or
<br /> _
<br /> �
<br />
|