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<br /> , (d) erentzn c��ths r;flh3 end le duty outf�oriaed to oxecuta and�ertarm its OA!IQatlono und�r thio Daed o4 Tru�9 enA 9hesfl actipna do nat and ,
<br /> ch�ll not c�nSliei�:1t�17o pmalalan�of nny c4atuto,rcpe�lctlan,o�eiincnco,rulo ot lati�,cor�Prcci or oth�r c�rc�mtnf v�hlc;�rnny ba hlndin� an
<br /> . OrRntor at any Nmo; ,'.. --
<br /> (q iVO octton or procacdlnq lu o�ehaii be pnr.dtnp a►Giir,.tarr�0�:Ich r��tght rt�to�lclly attcct tho Prop�rty;cnd ��-`-N-�z�'+��a- __
<br /> (Q Onntor hu�at viot�t�d end ehail not vlmu�nny�tatute,ropul�llon,ordln�nc�,rut�o}Inw,aontnot or othor�yre�men9 pnctudinp,hut not � �A����x,-_t�-=
<br /> ^ � � Iimit�d to,thow qov�rNnn Huardow Matetl�t�)which mlyht mu�dpliy eHsat the Prop�ny or l.�nder'e riahte or Im�nat In the Propeny punuant • ��"_�_�,_ _--__
<br /> to thta Dnd of zrost. � ��n�:'a`=-??""='--
<br /> r,rr�••��+%�:t`:, .; 3. PRIOR QE�D3 O�TRU6L Orrntor npnHnt��nd w�n�nt�th�1 tttu��n no pder deede o14ru�t�ttectinp eny prrt of th�Proporty exapt a�set _U,:,x„�.-,.._-______
<br /> tarth c,n 3ch�elul�H�it�ch�d to thl�O�od o}7rust,whtch Oranta��yrasa to p�y end p�Aorm In a tim�ly m�nn�r. M th�n ar��ny prlar dwd�01 tru�e »p
<br /> ' then t�rnntor egrees to pay nit emoonto owsd,snd p�rfarm sll obllptllone rattulred,under nuch deede ot tn�et nnd the Indebtedneas�ecur�d thersby �^ �.�,�,�,-,_
<br /> rnd turth�r�rN�thd�d�tauN undor�ny prlor d�ed ot tru�t snul b��dstault undor thfo Da�d ot Tru:t and chcll Cntitt�Lender ro�II rl�hta end F _ _____
<br /> .'..11i.��;�, rtm�dl�s oontaln�d hK�On ar In th�Obtlp�tlanf to whleh LendH would b�mtlH�d U th�wsnt o}any nthu dNauft. _yv
<br /> 4. TflANl3FEtiS OF THC PROPEHTII OR EEHL�FICIAL INTER�eTd IN QRAH'fCRB OR OORHOWEqB. In M��wnt o1 a ad�,aonwyana,I�s+w,
<br /> .,�,,,�,,.;rra�=�' cantnct tor clNd or u�n:Ur to any p�rwn o1 dl or ony part of th�rotl prop�rty d�oc:ribod In SehWul�A,or�ny Int�rsat thsnln,or o1�II or any =;;,�.��--�_-____
<br /> ��.
<br /> : .y,-.,� ..��••�5t b�nNic7�1 Int�n�t in Borrawr ot Or�ntnr pf eoerow�t or Orantor U not�natural payon or �rson�but I��corporatlon, IlmiUd Ilab�lity company, ,�.m�__�-=
<br /> � pufienhip,truft,or olher IeQd entlry),Undn mey,st lu optlon d�cUro ihe ou4�t�ndlnp prPncipil balmce of the Obupations plue�ccm�d Intentt ��_�,A, ,____^__� _
<br /> � . th�non Imm�cfl�taly du�end ptyabl�. At Lsnder's nqwct,(iran:or o�Bortow�r,as ths easa may bs,ehall4urnlsh a compl�t�et�t�m�nt e�ttlne forth -__
<br /> ' . • �II of Ite�txkholdero,msmben,or ptrtn�n,an eppropd�t�,and tM�xtmt oi thdr nspectiv�own�rehip InUroato. ��` �
<br /> � " e. A88t(iH�1ENY OP RENT'S. In canaideratton o!ths Obu�atlonn,which aro aecured by thle Dsad ot Tru�t,Or�ntor ebeoluMty�esl3ne to Lender dl �:��.�d!��1°!
<br /> ° - OrantoY���tau,dpht,titie,tnt�rzat,clalm nnd demand now owned or hereafter ncquirM In sfl exlntinp and tuture le�s ot Me PropsrAr(Inciuding ��,�,s�a_,.
<br /> extenolona,renewala and subtease�),NI egroemente for uaa and oocupancy of the Property(sll euch leasaa end agroemente whether wr(tten or ornl, ���=�---
<br /> ' ` ' aa h�rea8�r roisrrad to as the"I.eases`►,nnd ell puaranUea o}teNees'pedormence under the Leasae,topether with th�Immedlate and condnuinp �—_�_`�,_�__�_
<br /> � ''• ripht to colleot end rocetve nll of the rents,income,rocelpte, revenuts.leeue9,profite and other Ircome ot an nature no�+or hereatter due(incturlfnA p�� _
<br /> nny Incame ot cny nawro coming due during any redemptlon petlod)under the Lensas or 1rom or arining out of Me Pro erry Includinp minirnurrt �;�r,i�,!�:.:;;'?`-^-:
<br /> 1,s,�_--.
<br /> �,��;� � ; rente,�ddiUoml reme, percen�ac,��rente,parking or common �ren malntenance contdbutione,tex and Insurr+nce cqnt�f uUons,deticlency rante, ,,,(,.�; :;;,�„'�,,,�,,.
<br /> Ilquidtted damagsa foltowing cis4�,ult in any Lease, sll proceede peyable under any poucy o1 Ineurance covering loss of rente resulting frorR ;��.,�;��µ,';-:—_"�'_'=_�
<br /> �' untennntehility causad by destmodon or damage to the Property,a9 proceeda payable as a reault ot a lessae's oxercfae of nn option to purch&se the �
<br /> - Properiy,all procaede dnrivad Tram tha tartninptian or rc�eaUon ef erty Lenee In a bankruptcy or other InnolvenGy praceeding,and sll roceeda from t'rk���. �_ _
<br /> ��' any riphts end clalme of any kind whlch�rnntor may have agafnst any lessee under the Leasea or any occupamis of the P�operty(eil o�tho above are ;. :•,�r���.�i;,,�;_
<br /> hereeft�ar coltectivety referred to ee the"Ranta'). 'fhle assignment le eubJect to ihe dght,power and authodty fliven to the Lander to collect and apply � t, � ��,�hy,�'��
<br /> ` � � g y a � i 's; 1y)ik1;t_„p„-.
<br /> �a�ieoted,and choate u on the rocording of thia Daed of Trust,e�as provitletl by applicuble staie law u..amanifad(�orn tlme ta�e Leasea wh n �5��;� `
<br /> the Rente. Thls aRSi nment is recordad In accordance with applkable state law;the Ilen created b this u�slgnment la IMended to bs e(»C o, t
<br /> -- .._ a .
<br /> � � � i ,,,.. thore Is no dofault unde►th�Oblipatlona or tMs Qeed of Trust,Lender prante Grantor e revocnbte iiconse to coliect all Rents trom th , �',��:LL; � � __
<br /> i'•� duo nnd to use such proceads in(irantor's business operntlona. Howavar,Lender may at any time requlre Graniar to doposit afl Ranin into �in �,i�,a��;i��,�� �
<br />'`�''";�'`1;;;�',;':��`��'•^�,'? pcCOUnt mniniainad by(3rnntor or Lender at Londer's Inefltutian. Upon default In the paymont af,or in tha peHomtanca of,any ot the ObligaUona, ._ ��;
<br /> ������:'����1+•>s��'','I''������ Under may st its opllon take possesaion of the Property and have,huld,manage,lease end oparata the Property on terms and for a podod ot time w��•�,�I'��Y�-�
<br /> '�'��'�''��%�••`�t''.'`�''�'" that Lender deems proper, Lender may praceed to colleet and roceive ail Ranta from the property,and Lender ehall have full pawa to meks ''�.;�`�``
<br />'1�'.,,;1""� ,.�y�.,�,.j.tr,,, �"�.a'°'��
<br /> •_ �s S;:;f;?�''� eltamtiona,renovatione,ropaire or repinc:emente to the Property ae Londe�may daem proper. Londer may appty all Renta In Londer'e sat�dlscr6tion �,�,,,iW,,:
<br /> ,:•�,,... �•�`-
<br /> ,•,, ta paymsM of thc QbdQ°.Uons or to the payment of the mQt of euch elteratlano,renovatione,repAlra and replacomonte and eny expennea IncidAnt to ��
<br /> tnking and retaining posaesslon of the PropeAy perfodkaily and the management and operaUOn of the PropeRy. Lender may ks�p the Proprr"ry ..,.�,,,.o�..�r�.�,
<br /> •• prop�rly insursd n�d may dlscharge any taxea,chargea,clalma,esseasmente and other Ilens which may acorue. The expsne�and oost of thee� °' :"
<br /> actlons m�y be paid lrom the Rente receiveci,end any unpald amounte ehall be added to the principal ot the OblipeUana. Theee amount�,topsther ,,.�; �
<br /> wltA other cosYe,ahell beCame part of the ObIlgaUana secured by Ws Oeed ot Trust. �.•�'.,��,
<br /> !. LEAaEB ANO OTHER ACiREEMENTB. (3rantor ehail not tUce or tatt to taics any acrion vmirn �iioy�usa�t�srt"2lso term!aeilca or Lhe ti�• •.
<br /> wltt�hotdinp of my plymtnt In canneotlan w�th sny Lease or otheregreement("AgroemenY)peAalning to the Property. In edditton,Orantor,wlthout � `� �, .�
<br /> ' Und�r'o prior writtm coment,nhall not;(s)coll�ct any moniss p�yabls undsr any ABreement more tnan one month In�dvance; (b)modily�ny t; '.
<br /> ., AprNm�nt (o)asslpn or tllow a Ilen, security Intersat or other encumbrance to bs plac�d upon Orantor'e rlghri,titi� and Int�re�t In�nd to �ny � . �"`,r
<br /> �rMm�nt ot th��mount�payabls thsreunder;or(d)terminnte or c8ncel any Aqreoment exce{ot tor tho nonpeyment of any eum or othsr m�t�risl .
<br /> u , bn�ch by th�othsr p�r4y thento. B Orantor roceiv�s at�ny tlme�ny wdtten communlcatlon easerting a default by(irentor under an AprsemeM or � �
<br /> purporNnp to t�rmin�t� or ancW any Apreement, Orantor ehall promptly forwerd a copy of such communlcatlon (end nny aubaaqumt � �:�'"'�.: �
<br />- communlutlanf r�lltlnp therno)to Lender. All auch Apreemente and the amounta due to drantor thereunder are hereby asslpned to lender na
<br /> �dditionai acudty 1or the 0l+Ilpatlom. '�' �'
<br /> ,, 7. COLLECTION iDP INQESTEDNES3 FROM THIRD PAFi7Y. Lender shalt be entltled to notify or requfre(3rantor to notify any third party(inciudinp, .. �
<br /> but not Iimtted to,leassa,Itcensee�,governmsntU authoritles and inaurance c9mpanles)to pay Lender eny Indebtedness or obllyetlon owlrrg to ` �
<br /> Qrantor witl�t�sp�ot to the Property(cumulaUwty'Indehtedneso')whethor or not a default existe under thla l?eed of Truot. Cirantor nhail dlllgently , • "`,
<br /> calleot th�Ind�btedneas owinp to Cirantor from theso thlyd parties untii the giving of such notiticatlan. In the event that Grantor poasessea or recelvea *"-!�
<br /> �� ° • ;. poatstsion of sny Instrumente or other romktancea with rospect to the Indebtednosa following the giving of euch notiflcaUon or If the Inotmmonte or -;'�y-�''`,�,'=
<br /> • other remittanae5 conatitute the prepayment of any Indebtednoas or the payment of any inaurance or condamnnUon proceede,Orantor shall hold I �'��!• i�. .
<br /> , � euoh Inetrumente and othor remittancea In trust for Lender apartfrom ItA other pro�erry,ondorse tho inatrumenta end other remittances to Lender, �� R�:=. „r�_�
<br />• and ImmediatNy provide Lender with possesslon of the Instrumenta and other remlttancea. Lendor shali be entitled,b��t not required,to colleat roy � y!l', .
<br /> lepal prooeedfnpa or othervvlse►,extend the time 1or paymont,compromise,exchange or roleaeo any obligor or colinteral,or othenvise setHe any of ;
<br /> the Indsbtedness whether or not an event of defnuit exlste under thls l�qraement. Lender ahatl not be Ilable to(3rantor fo�any action,orror,mfsrake. ; '
<br /> � omisalon or delny pertalning to the actlona desorihed in thls pa�egraph or any demages resulting therefrom. Notwlthstending the foregoing,nothinA '�:' ..
<br /> • � hereln shWl cauae Lenderto be deemed a mor�qagee-In•possesslon.
<br /> �'r !. USE AND NWHTENANCE OF PROPERTY. firantor shall take ell aotlons and make any repalrs noaded to malnteln the Property In good � , .
<br /> ,�� conditton. f3rantor ehnit not oommit or permit nny waate to be commttted witN reapect to the Property. Qrantor ehnil us�tho Property salety in
<br /> ccmpliance wNh e{splicable Iaw and Insurance policios. Grantor ehall not mako any alterations,additlona or improvomonte to tho Property�vithout i :,�
<br /> � ,`�, Lender'e priar written consent. Without Ilmttlng tho foregoinp, ell elteratlons,additlone and improvemente mada to the Property shall be subJeot to
<br /> T;: the beneflclal Interest belonging to Lender,shall not be removed wilhout Lendar's prlor written consont,and ehall be mado at Grantor's soie oxpense. j
<br /> 9. LOSS OFi OAMAQE. Orantor shall bear the ontira risk of any loss,theft,deotruotlon or damage(cumulatively'Loss or Oamage")to the Property or I
<br /> ' any parHon thereof irom uny cause whateoever. In the event ot any Loss or Damage, arantor shall,at the optlan of Ler�der,ropalr the aHected ; �
<br /> Property to ite prevlous condlUon or puy or cause ta be pald to Londer the decrease In tho!afr market vaiuo of the uNccted Property. � „ .
<br /> 10. IHSURAlICE. The Property wiil be kept inaured for Ite full inaurable value (replacament cost)agalnst ali hazards Inoluding loas or damage ;
<br /> cau�sed by flood,earthqunke,tornado and ilre,theR or mhor casuelty to the extent requlred by Lender. Crentor may obtain In8urnnce on the Property i
<br /> irom such companlea as�ucceptable to Lender in its sole discrotloh. Tho Inaurence pollclos ahall requlre the Insurence company to provide
<br /> Lender wfth at leset - deys'written noUce before auch policles nre atterod or cancolted In eny manner. The insuranco poiiclea shall
<br /> � name Lender ns e lose payee nnd provide that no act or omiaslon ot(irantor or any other person ahall aHeot the right of Lendor to be paid the i
<br /> � Insur�na�proceetic pc:rtalning to the loss or damage of the Property. In tha evont Cirantor falls to ncqulre or malntefn Inaurance,Londor (cttor
<br /> providlny notlos as mn.y be roqu{red by law)may In its discretion procuro appropriate Insurance coverage upon the Property and tho Insuranco co3t
<br /> ehnll be 6n edvance payable and hearing Interoat no deacribed In Paregrflph 23 and aocured heroby. Grantor shall lurnish Lender with evldenee of
<br /> Insur�nce Indlcating the requlred coverege. lender mey not ae anorney-In•tact for(3rantor In making and settiing cialms undar insurunce pollcies,
<br /> cancetilnp nny policy or endorsfng Orentor'e name on eny drnft ar nagotlable Instrument druwn by any insurer. All such insurance policlas shall bo .
<br />_ � ° . Immsdl�tety easlgned, pledged and delivered to Lender es turther secudty for the Obligationa. In the event of loss,f3ranror shatl immadlately give
<br /> �• Lendsr wrltten notice and Lender Is nuthorized to mnke proof ol loss. Each Insuranco compeny Is dlreaed to mnke paymonts directly to Lender
<br /> > Inatead o}to Lender nnd Grnntor. Lender ehnll have the right, at Ita aole optlon,to epply such moniee toward the Obllgatlona or toward the eoat of �
<br /> ' • rsbuUding�nd rssto�ln�the Property. My umounte may at Lender'a optlon be appllbd In tho Inverso c,rder of the due dates thore,�f.
<br /> 11. ZOH1N0 AND PRtVATE COVEHANTS. (irantor shall not InHlate or consent to any changa In the zoning provlsions or prlvate covenanta aNecting
<br /> . the usm o}the Property without Lender'e prior wdtten coneent. tl Grantor'e use ot the Property becomes a nonconforming use undar any:oning
<br /> prorlstnn,Orentor ehall not cnuse or permit auch use to be dlscontlnued or abandoned wlthout the prlor wrltten conoent of Lender. Grantor will
<br />-� ' • ____ ImmCdlalely ptovid�Lender wlth wdtten notice ot eny proposed chnnges to the aoning provlslons or private covenante aMecling thu Property.
<br /> - -- -
<br /> 12 CONDEMHATION. Qrantor chuli Immodlnteiy provldo Lender wtth writton nonco ot any ao�uai or tnmamned condam�aiion or o��dr,�v�rt�o��� � �- -
<br />- proaedinq pertaining to the Property. NI monles payable to GrMtor irom such condem�atlon or taking are horoby net+lgnod to Londer antl shall be
<br />- applled tlrat to the peyment uf Lender'o attornays'1oae, Icgal oxponsos and othor coate (inciuding apprnfnel feoa) In connection with tho
<br /> � ' condemnetion or eminent domaln proceedinpe nnd then,et the optlon of Lender,ta the paymont of tho Obllgntlane or the rertoration or repelr oi tho
<br /> • Praperty.
<br />— 13. LCND�R'S RItiHY'Tb COMMENCE OH D[FENn IEGAL ACTIONB. Orantor ahall Immodlately provide Lender with wrHten notice of any uctual
<br />-- � or threatened notion,sult,ot othet proceeding allooting the Propeity. drnntor hereby eppolnts Lendor au its attornoyIn•fact to commence.intervene
<br /> In,and detend such aetiona,suite,ar othar legal prnceedinga nnd tv compromiae or settte any clalm or controvorey pertalning thoroto. Lenclor shall .
<br /> _ � not bo Ilabte to Qrentor for any aotion,errar,mletake,omiss�on or dolny pertatning to ths actiona dascribad In thls paragraph or any damegas •
<br /> ; ��� �, reeuiting therofrom.Nothing r,onteinod hereln wlll prevent Londer Irom taking the aotlone deacribod in thla parngraph In Ito own nsmo.
<br /> 14. INDHMNIFICATION. Lender ehalt not asaume or be roaponalblo for the performanco ot any ot Orantor'a obligntfans with roopoct to the Property
<br /> . under any clrcumstancos. Grentor shall Immodlatoly provlde Landor wiih wrltten notico ot nnd Indomnlfy and hold Lvnder and�ts eharoholdors.
<br /> - � dlreotore,oNlcero,empioyoes and agonts harmleas from all clelms,dsmages,IIebIlHloo (Including attomoys'teoa end legai exponsos),cauBea of
<br /> , �:�;,��: aoUon,aotione,sulte and atAer legal proeeedinpe(cumulutivoly'Clalma`)portalning to tho Property(including,but not limtted M,those invotving
<br /> • Hatarduus fN�terials�, prantor,upon t�he requoat of Lendar,shall hlre legal counael to defend Lender from aueh Clafine,and�ay the attorneys'tees,
<br /> _- -' �' . legal expensea and other coste Incurred In connacqon therewlth.In tho el4ernative,Lender ahail be entitled to employ Its own egal ceunsel to defend
<br /> 11,_ . auch C{elma at Grnntor'e co�t. (irantor's obligatlon to Ind9mnity Londor undor thla pnrng�eph ahali survlvo the termination,relonse or forocloauro of
<br /> ' thls Deod ot Trust.
<br /> 1�>r .
<br /> �PHes�+e��Fomwuo�recn�dogie�.mc.�a�io/ea� �aao)est�a�es Pagozo�s
<br /> F `__. _. _ __..:_. _
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