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<br /> -_o- ; . �p�'Q�•Ftas�elgltt estd is di6y eulhortied to eaeeute end per(orm its ODligedons urider thts Daed ot Trust end tl�se 8ctloas da rtat 8nd y ,.
<br /> .�� sha11 rrot oo�Hat wltlf the provisions ot any atatute.ceguiatlon,ocdinanoa.rute ot tavr.eonttaet or other sg�aemsrrt whioA may ba binding on `� ,
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<br /> �� (;tatRO►alattyUtns: " � 5 1 _
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<br /> �` ;s fe) No aeticn ot praeeedirtg i9 or ahatl be pending or ttueatened whie!►migM mateAmty aHac!the Property:and x�..� .� �:
<br /> ` .: : (f� Qrantor has not vlatated enq shal!aot v'Atate any sPatuta.re9utatlon,ordinanaa.rule at law,contraet or other agreement(induding,but nut <.>;_:
<br /> :�s ot lenet9t'S�f 4►ffi Ot interas!tn Ure Fro B wsuent ��:F:'°��
<br /> `;r� �s� OtN1ed to.thos0 gCVemh�B tt�td0u8 MffiBlielSl�►Idl tNg11t 11t8Let180y ffi[8Ct th9 PrOpertY 8 A rtY P �t <�er �:
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<br /> , � 3. PRIOR DEEDS OF 4AUST.�itart2or tepresertb and wattetda that there are no pdo►deeds ot trust tttfectlng any part at the Rrcparty exeept es set < ,�r� •:
<br /> ��,•�, foM on Sdtedute 8 att8etted to�te O�d ot Trust,whleh(�antor agreas tupay 8rtd perlom�in a tlmety manner. H tAere are ar►y Drlor Qeads ot tiust ;<<. .� :<<',::=• ., _"�
<br /> :. `�_ �. then Qrantor agreas to pay a11 amourtts otved,and partnrtn ali oDligatIona re�ui�ed,undar such deeda ot trust and the indebtednass�eured thereDy _ ..
<br /> -- ,__�� and f�utAer agreea Mat a aetauit under rry pdor deed of�yst eAaO Qe a detautt undar tlils�ed of Trust and shall entitte Lender to atl rtghts antl _ _
<br /> tu
<br /> reme�a�oorftat:►ad trsrain or in Ute Ob!lgsHons to wNeh Lende►wouid be erttided in the eveM of a�r other Qetauit -
<br /> , �o ,:::� 4. TRliN8FER8 OF THE PROPHtiY OR BENERtx111 IHTERE9i8 tN tiRANTORS OA BORROYYER& Irt the eveM at a sala.oomreyance.tesse,
<br /> . -°�.�S- �,,, aorttract tor Qead or trensfer to ar►y person ot aU ar arry part af the reai propeny desaibed in Schedub A or ar►y Inmrest thecein.or of eU or aayr `<(.-- ' -=`-`-_•.. . ,.�
<br /> F._��, 4ene9dal inmrest in Bortower or Qrarrtor Qf Borrowar or Qrantor ts not a nan,ral person w rsons dut is a corporation,Umlted Itabilityr oompany. . , µ , ° 4 °-
<br /> pe ora � �
<br /> paAyierst�ip,bust ar Ather[eget entity).Lendet may.at its on dectare tlte autsmnding pdndpal batan�e of the Obligations ptus accrued irtterest .
<br /> .� _ . �-�, iAereon immediately due and payable. At Lendet's requeat. ot Bortower.es the case rttay be.shall tumtsh a mmptete s�terpent sedtng imM r.-.'. < ' ' . `.
<br /> � alt of Its ametd�oldera members.or PaAnera ss appropciate.snd tha e�ment of fheir respecttve oamershEp Mtereses. � . �
<br /> . 5.ASSIQHRI�IT OF R�NiS� In cansideratlon af the Obligmtor�s,whi�are secured by this Qeed ot Tn�st,Gtarttot ebsohrtelSl essigns to Lender all j - t �`
<br /> tirantor's es�te,right,tfda,lrrterest,datm end dema�d now avmed ar hareffiter aequired in a11 existlng and tuwce taases ot the Roperty pndudtng ��
<br /> - wRen�ons.tenewais and sublea8es).ail agreeme�for use and oocupaney of the ProMKll(sS1 sud�[eases mtd egteemer►ta whether wrftten ot oral. . � -
<br /> - � • are hereafrer referted to as the'Leases�.and all guararttles o!tesseea'pe�[ormanee uader the Leases.together wftl�the immediate and corttinuing !-;:... �.';,;;'°�':.:: :`..~.i.
<br /> � � ngh!to oolted and�ive all of the rents.income,reoeipb,revenues,issues,profita end other inoome of arry nawre now or he�r due(nduding
<br /> " ' arry income of any nawre ccm�ng dua during arry redemptlon period)under the Leases or irom or arising out of tha Property induding mtnfmum < �'� � ;
<br /> � .'- ra�,ad�tional rer+ts.perce rtmge rerKS,Parkia8'or eommorl a�ea'm�ce mntr(butlor�s,f�c mid tns�uance eoMtiOutlons,deft�erroy re�. � ',
<br /> �, ; � `� Qquidamed�mages toltawing detauk in arry Lsase.aii praceeds payabte unde►anl►Pa�Y al insuranca�ouartng foss ot rents resuiting trom .
<br /> r umm�a�bUity eaused by Ee�structlan or Qamage to tAe Property,eli proceeds payaEte�a resuft of a tesseH s exerqse of an opUon to pu�has9 tha �" � `��
<br /> ` Ptopetty,ail proceeds derived itom the termination or reJeetlon ot mry Lease in a Eaniwpt�y or other insotvertcy P�eeding,and all proceeds from -' �
<br /> � arry n�s and ctaims ot arry kind whtd�tirantor may hava against arry tessee under the L+eases or anY aca+Pants of the Property(aU otthe ebove are
<br /> � 4 +r hecea�ter coltecUvety referted to as tha'Rertta'►. This essignment Is subject to tha dght,power and authorriy 8iven to the Lender to eollect and aAP�!► . � i A` ��
<br /> J the E�r�. This assignment ia reearded In eeeotdanoe wkh appiicabta s�e law;the ifen ixested by thts as�gnment Fs iMended m be spe�fi0. _ � '
<br /> s pertatted.artd ehoffie upon the reaordirtg ot this Oeed of Trus9.ell ea pmvtded by applloabte sLate Iaw ea smended tmm tlme fn ttme. /ls Iong as y < �,'"'"r`' `� -
<br /> ` .y "�:.� there is no defauit under ths Obit�tlons oNhia Deed of Ttust,Lender grartts Qranmr a revocebte Aeense to wlteat ali F�r�irom the Leasas when ` � r } ;``
<br /> J due and to use sucb pro�in tirartmr's husiness operattons. However,Le�der may at airy tl me requ ire Q r a n t or t o d e a a s i t a 1 1 R e r�i t rt o e n •.' ` �.�
<br /> •'` t { �'� aecoust mait�ined by t3rarttor or Lender at lender'e tnsti�tion. Upon defa�R tn the paymertt of,or in N�e psRortrtenca ot,arry of ths ObRgations, ,�r �� . � ;
<br /> ' ' Lender may at F1s option take posssssion of the Propernr end bave,hatd.manage,tease�nd cperata the Properry on tertns and for a peitod of time , _
<br /> ��ri tliat Lender deema proper. Lender may pmceed�o eotleet and recetua ali Rerts tmm the property,and Lender shalt have full power to make ",:., ,u .� ` •
<br /> " `"f..�". aReratlons.aenava8ona,�eAs1B ot reptaeemarna to tl�e i�operty as Lertder may Qeem proper. tsnder mayspp!y eri Renb in Lender's sofs dtardredon L% „g.� .,, i�,_ ,.
<br /> + ,`'� tn payment of the ObiigaUona or ta the paymertt of the oost of aucfi almr+aUOna,renwatlone.rapaiw artd re lacemertts and arry e nses incidertt to 1 '`",, }� .;
<br /> ' taidng and ratatning po�ton o f t he P r operty Pe r lo d i c a f t y an d t ha manageme r n an d ape r a N o n o f t h e�o p e rt y. L e n d e r m a y�t A e P�e rt y `���t ,c1.-
<br /> "' propeAy insuretl and ma5►dl�arSe enY ta�ces,charges.daims,asse�martfs and other Itena whlcA may ac�xue. The expanss a n d wst ot fhes� _�, :. �'
<br /> ( `-- I�i.�', acUons may de patd tmm ihe itar�recetved.and arry unpafd amourrts shall ba added to 1he prindpa!ot the Obftgatlons. These amour�,toBeUrer r . �;�;�•; �;:�
<br /> ��.'•r �
<br /> ��'. ._:,:;..�`'-" wfthothercosb,sha8beeomeparlottheObug�ionssecure0bythisO�AofTrust. . .;�Y�• "
<br /> ` e. tEAS�S At�D aTttEA AGRC-ElYtENTS� (�amor st�a11 not taka ar tal to tsk�arry ao8on wnteh may e:ausa or pertnri tha�wiB�m�it °° #,E °-�t' '�"
<br /> withholding afarry paymeru in conaecdon with any lease or other agreemertt{'AgreemenY)pectafiing to the Proparty. In addition. �, _
<br /> '"• LendePe pria vvrilDen eonser�L shall not (a)coIIect arry monies payabte under arry Agreement more than one momh in advanoa:(b)madlfy enY ` ,
<br />� - _ Agreerrrenk (o)asslgn or aflow a Ilen,securky Irtter�t or other encumbrence to be placed upon tiramoYa rights,tlUe and irtcerest in and to arry ,,� -`�± . ; .
<br /> - Agreert�ent or the emoume payabte theraunder,or(dy te�minam or oance!arry Agreemeat exwpt tor the nonpayment ot arry sum or other mateltal `' '� ' ::: ;•
<br /> brea�fi by the ather party thereto. M t�rarrtor reaetves at anyr timea�wAUen eommuMCatlon asseNng a detauit by t3rarrtor under an Agreemertt or �.'A -� �"��' �`''
<br /> e�n
<br /> :r t � P�+�Portlng to tennirtate or �ertoel ar►y Aereemam, Q�entor shait promptly fonxard a oopy ot such wmmunioaUon (anda�ry suDsaquent , • �,ti},ti�� � .,
<br /> �• eammuNqtlons retattng therew)to LonQer. Ali sucb Aereamertls and the ammmts dv��o Gr9ntor thereimder are hareby assigned m Lender as + :. f „f�,�
<br /> addttlonal sea�dtytor tha Obiiga8ona � . ��� �
<br /> � � . �� 7.OOLLLCiION OF INOEBTTED�IES9 FROM THt HD pAlifY. Lender sha11 be eMitled to notity a tequ lte�r t o n o tl t y enyl t h l Mpar�y Q n c t u Q i n g.
<br /> ' but not ltmibad to.lesseee,Qcensees,govemmentel authodties and insuranea compantes)to payr lender arry indebtedness or obl i g a t i on owing to '�'`,��f i`�{'.
<br /> � Gret�tor vrUh respeot to the Property(CUmutadvaty'Indebtednasg'j whethar or not a default e�under ihis CaeO W Tnrat (irar�I ahalt dDigerrtty '� ; ' "i :
<br /> coQect Ufe IndebteQness awing to(irantor irpm thesa thiM paKies urnH the ghrfng of sucb notlfir�slon. M the event tha!Qrantor possesae�s ot reoatvas • � '' , �
<br /> • �-. :_ _,.,-� P�on ot an5►tnstrumerrts ar ather remitteneea wfth�eat to the IndebEeOness toitowtng the gtving ot�nottfloation or H tAe tnstrumer�or ��,;?. , f'�. .��-
<br /> other cemttmnees�astidrta the pwpayrneM of anyr tndebtedness ar the payment of arry Ir�rranoe or�nQemnation proaee0s.Qrarmn shaA hctd � . ��:--
<br /> '' sudt inatruments an0 othet oemittencea in trust tor Lender apart irom ita other property.endorse 9�e tnstrumerrts and other temittanoes to lenQer. `� � Rk �r�""--
<br /> , :"�- and Immadiat�ly proulda tender wffh posseseton af the insCumeMS anA other�emtttanow. Lender shaif be eM19ed,but nat requtre0,eo wnee��r �;.��+�
<br /> '; tegsl proceedinge or othe�wtse),e�tend ths Ume tor paymerR. ise.�ge or reteasa arty odIIgor or aoitataral.or othen�ise seWa e�ry of , :
<br /> � �. the indebtednassahether or nos an evertt at detauit�under��mAgreemertt t,ender shan not be Ilebte to Orartor for anyr aotlon,enor,mtsmke, s{
<br /> , ••,. -,� . -.�;,,:.;', omtssian or delay perteining to the ao8orq descHbed In Ufis paragrap�nr ar�y damages resutUng theaatrom. IYctwttl�atanding the focegotng,rtothing : '•., . ,:x <.,, ;.�
<br /> e�
<br /> hereU�aU cause LenQerto be deemed a moRgageediop�lon. ' ` - �
<br /> -�:�� a usE I6Ka&fAiFii�i+nxc'E aF aROAFR'[Y cranior aha3:rake an aatoas aaa mska say�cvBtrs aoea�a to nmtc�lrs the Propeny in gooa -' ,-�'�f•f � -
<br /> � crortditlon. Grenmr shail not commH or permitany waste to be oommitted witt�respeot W the Properry. Qrantor shail use fhe FropeRy sotety in ' `'' } n'�,^,� �:
<br /> ''•3 ilanw wi9�aypliaabte taw and Inauranae p o l idea (irantor shail not maka anyr alteradons,a Q d W ons or tmpraveme M a t o t he P ro w f tl�o u t :, ;
<br />_ � � �cr�a peor wrkten aonsent Without limttlng the toregotng,all alterattons,adaitlons and tmprovemerrts made to the Property shatt�e�ecs so . , .::ti�,`, :..'f.
<br /> � the beneftciai irnerest trelong)ng to LBnder,shall not Ce removed vMtfout Lender's pdor wrttten oonsertt,and shall be maae at(�reMafs sole oxpense. ..
<br /> ,",� �• 9 LOS90ii OpMA4E Orarttor sAall bear ths emire 8ak oi anyr loas,theit,destrucNon or damage(oumulaUvety'Loss or Oamage�to the P�operty or ` ��,�, ,:
<br />_ ,�. . ,. : :"3 an5►Donton theceo!tromarty cause whatsoever. In 4ta evertt ot arty Los9 or Oarnage.Qrarttot•shali,at the aptton ot Lender.cepah ffie eHected , :
<br /> � . P4ropertytp Hs previous eonditlon or pay or�to ba pald to Lsnderfhe deaease in the telr martcet vetue of the aftec0e0 Property. ��� ;�".
<br /> "� iQ INSURANCE The Property wlll 6a kept insured tor its tull insurable vahie(reptacement cos!)aga1nat alt hararQs inatuding tass or damage � •
<br /> wused bvftood,earthquake,tomado artd flre,fheft br other easu�try to the exten!requited by LenQer. l�rer�tor may obtatn insurance on the Proporty �-
<br /> r
<br /> ' ' trem suoii aompanles as�aoeepmbta to Lender In He sote ElsaeHon. The tnsuranoe po�icu0s ahall require tfie inauranae oompany to pcotiAde ' � j,•:
<br /> � LenQet with at teeat 0ays writDen noNae befare such poticies are eitered m canoelted Iner�y manner. The Inauranoe poticies eheit `. +
<br /> name Lancter es e loss payea end provtde thet no aat or omisalon ot Qrarrtor o�arry othe►person shall etteo!the dght of Lender to bep�td tha
<br /> �� • ,� inaurance pro�eds perfalning tv the toss or Camage ot tha Property. tn fha eveM tirentor fatia to aoqulre or mairHaln inaurance,LsriQer(atter ••��� �
<br /> ' : • •�':�...;:�... .'
<br /> providing notice as may ba require0by taw)may In ita discrelToo procure approprlate Insuranee ca ag�upon the Property end the insurano0 aost � � �
<br /> • ' ' sha(1 be anac�venae payable and besring lrrtereat as deseriDed in Paragraph 23 and secured heco��(irantor shaft fumlah Lender wNb eufdence of
<br /> • . • � �� . Insu�indfeating tAe requlred ooverage. Len�ar may aat as attomeyan�fact for QraMOr in maidng and setUing ustms under Inswanoe polieles, �
<br /> canae8ing arry potley or endo�sing QrantoPS neme on anyr draft or negotiabte irtstrumer�t drawn by arty inauror. Atl sueh insutanee pollcle9 shall be
<br /> imrtredtately assigned,pteCgeci snd dativered to Lender as further secutity tor the Obiigatlon9. Irt th9 event ot los9,QretKOr shal)immediaLaty give .
<br /> . tanCar vrtinen notlaa and Lertder Is eufhorlre0 to make proof ot los9. EaoA insuranca oompany is directed to make paymer�direatly to LenQer ..
<br /> � InaleaQ ot to LsnQer m[4 Qranmr. LenEer shatl have fhe AgM.at ita sole optlon.toapply suelf moaies toward tha Obilgations or tawurd the cost af
<br /> •- rebuUding end reaLOBng the PropeRy. My amoemb may�Lender s optlon be appiled in fhe irnerse order o1 fhe due datea thereot • '• . � '
<br /> � �. • 11.ZOMNO AND PRNAIE WYENANI9. OraMot shali not inidat9 or consem toarfy changA ia the zoning pravisiona or pBvate eovenar�aHeeHng ' �
<br /> • the uso o}the Ptopert�►witttout Lender's p�ar vuritten oonseM. H QrantoPa use of the Properly beoort�es e nonooMorming use under arry zaNng
<br /> proWelon,t3rantor shatl not eause or permR sud►use to Ee discontinued or a6andoned withaut the pdor writfen aanaen!of lender. Qrantor wili
<br /> � imntediatety provid9 Lender with wrkten no8ce of any►proposed�anges to the zoning prwisiona or prtveta oovenants aHecGng the Properry. '' -''
<br />`' � ��'�' �' 12 CONOENINATION. (3rantot sha11 Immediately provide L,BiMer wltA wAtten noNoa of airy sctual o►threatgned condemnatlon or eminent domain ���;: 'ti.; `!:
<br /> proceeding pe�tning to fhe PropeRy. Atl monle9 payabte to Orantor irom such eondemnadorf or taking are heraby asslgned to Lender and ahall� �
<br /> � � appliod flrst to fhe paymaM of lender's attomeys' tees, tegal expenses and other cosb pnciuding appraisal tees) In oonnecdan wttA fhe , , �
<br /> ,.�. . ''`. . - - wndemnatlon or eminert domein pmoeedings and then�at the opt�an of tender.to the paymem of tha Ob►igattons m the resmraHon or repair o}the - -. ..-
<br /> _ . �a��
<br /> . 18. I�NCER'9 RIGHT TO CO�AMBNCH OA DEFEND LEGA�AC'TlONB. Orentor shall immediately Provide LenQer with wdttan rrotloe of any a�tual . . • � .
<br /> �' � � �� or threatened aetlon.suM,o�athor prooeeding aNecdng the Properly. Qrantor Aoreby appolrrts Lender as Hs attomeyHMtaat to wmmence,irttenrene ..• . �
<br /> ;�. • � ' � In,and defond such acHOna Suits,or other legal proceeQings and to oompromise or settte ar►y ctalm or oontroversy perfaining thereto. LenQer shail � ' � . .
<br /> � " •' ,�r not 6e Ilabie to Qrantw for arry actlon,ertor,mistafce,omisslon er detay pertalning tu U�e actiona descdbed In ttNa paragrapfi or erry damagea _ .. ' "'.
<br /> : • � resufting therefrom. NothSng eoMalned hereln wIU prevent lanQer from taking fha actlons descNbed In this paragraph in fts own namA.
<br /> ` 10. tNOF.G1NIFtCATtON. tender ahatl not assume o�be responsi�te tor the performance W any ot(irantor's obligaeons viith respect to the Property
<br /> tuldst 8aY�nr99. Citsttter�S8l1 ivauMe lstsdCt vdlh v�ten r�otice C!and 1rtQ�ntsil;t astQ!�!d Lersd9r end its ehateholdets. - - - .
<br /> � ' `� direomre,offlars,empfoyees and agertts harm�m all Ctalms,damages.Iiabilides Qnctuding attomey�'fees and Iegai expenses).causes of
<br /> aeUOn,fledons,suNa end other tege(prooeadings(wmulativeiy"Cleime'�perfaiNng to the Proparty pneluding.bui not timrted to.those imroiving • .
<br /> . , Maiardous MateHats). GraMm,upon the requeat of lsnder,shall hire legal oounset to Qetend Lender Mom sueh Ciaims,and pay the attomeys'fees. � .' ��'. `
<br /> � legaf expen5ss and other coste incurced in oonnecUon therevrlth. In the altemative,Lender shafl be enLiUed to emptoy its wrn legal oounsel to defert�d . • _.
<br />':;��'. suM Gelms at(irantor's oost f3ramor's obOgeUon to indamrttly lender under this paragrapl�shatl survhra the tennlnaUOn.release or foreclosure of .,� • _
<br /> ..,�. • . this 000A of Trust. ' �.'" •
<br /> '.i`..��.: . u�s„e n wmwa�tea+�oro&e,.mo.ansies� teomeo��r Paye2«�----------.- �. •, . _. - • .
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