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** (1) Promissory Note Secured by Deed of Trust for $2,650,000 dated October 16, 1984 as modified
<br />and as modified by the Sixth Amendment to Loan Docixnents dated this even date in favor of
<br />Beneficiary or its holder and (2) Second Promissory Note Secured by Deed of Trust for $1,070,000
<br />FOR THE PURPOSE OF SECURING: dated June 6, 1985 as modified and as modified by the Sixth
<br />Amendment to Loan Documents dated this event date in favor of Beneficiary or its holder
<br />(a) The payment of indebtedness evidenced by Trustor's
<br />together with interest at the rate or rates provided therein, therein, together
<br />with any and all renewals, modifications, and extensions thereof, referred to' &s the "Note ") both Principal and 'yindi-
<br />interest on the Note being payable in accordance with the terms set forth therein, reference to which is herebyvidually
<br />made, the final payment of principal and interest, if not sooner paid and if no renewals, modifications or extensronsand Col-
<br />are made, due and payable on December 31, 1486 lectively
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<br />(b) The performance of each agreement and covenant of Trustor herein contained; and O:
<br />(c) The payment of any sum or sums of money with interest thereon which may be hereafter paid or advanced ((�
<br />under the terms of this Trust Deed.
<br />TO PROTECT THE SECURITY OF THIS TRUST DEED, TRUSTOR HEREBY COVENANTS AND
<br />AGREES AS FOLLOWS:
<br />i. Payment of Principal and Interest- Trustor shalt promptly pay when due the principal of and interest
<br />on the indebtedness evidenced by the Note, and all other charges and fees as provided in the Note, and the principal
<br />of and interest on any Future Advances secured by this Trust Deed.
<br />2. Warranty of Title. Trustor is lawfully seized and possessed of good and indefeasible title and estate
<br />to the Property hereby conveyed and has the right to grant and convey the Property; the Property is free and clear
<br />of all liens and encumbrances except liens now of record: and Trustor will warrant and defend the title to the
<br />Property against all claims and demands
<br />3. Maintenance and Compliance With Laws. Trustor shall keep the Property in good repair and condition
<br />and shall not commit waste or permit impairment or deterioration of the Property and Mali comply with the pro-
<br />visions of any lease if this Trust Deed is on a leasehold. No imorovement now or hereafter erected upon the Property
<br />shall be altered, removed or demolished without the prior written consent of Beneficiary. Trustor shall comply with
<br />ail laws, ordinances, regulations, cotenants, conditions and restrictions affecting the Property and not commit, suffer
<br />or permit any act to be done in or upon the Property in violation of any law, ordinance, regulationr covenant, con-
<br />dition or restriction- Trustor shall complete or restore promptly and in good workmanlike manner any imorovement
<br />on the Property which may be damaged or destroyed and pay, when due, all claims for labor perforated a^.:: -a-
<br />terials furnished therefore and for any alterations thereof.
<br />4. Insurance. Trustor, at its expense, will maintain with insurors approved by Beneficiary, insurance with
<br />respect to the improvements and personal property, constituting the Property, against loss by fire, lightning, tor-
<br />nado, and other perils and hazards covered by standard extended coverage endorsement, in an amount equal to at
<br />least one hundred percent of the full replacement value thereof and insurance against such other hazards and in such
<br />amounts as is customarily carried by owners and operators of similar properties or as Seneficiary may require for its
<br />protection. Trustor will comply with such other requirements as Beneficiary may from time to time request for the
<br />protection by insurance of the interests of the respective parties. All insurance policies maintained pursuant to this
<br />Trust Deed shall name Trustor and Beneficiary as insureds, as their respective interests may appear, and provide
<br />that there shall be no cancellation or modification without no less than 15 days prior written notification to Trustee
<br />and Beneficiary. in the event any policy hereunder is not renewed on or before 15 days prior to its expiration date,
<br />Trustee or Beneficiary may procure such insurance in accordance with the provisions of paragraph 7 hereof- Trustor
<br />shall deliver to Beneficiary the original policies of insurance and renewals thereof or memo copies of such Policies
<br />and renewals thereof. Failure to furnish such insurance by Trustor, or renewals as required hereunder shall- at time
<br />option of Beneficiary, constitute a default
<br />5. Taxes, Assessments and Charges. Trustor shall pay all taxes, assessments and other charges, including_
<br />without limitation, fines and imposition attributable to the Property, and leasehold payments or ground rents, if
<br />any, before the same became delinquent. Trustor shall promptly furnish to Beneficiary all notices of amounts due
<br />under this paragraph, and in the went Trustor shall make payment directly, Trustor shall promptly furntsFm to
<br />Beneficiary receipts evidencing such payments. Trustor shall pay all taxes and assessments which may be iev >ed upon
<br />Beneficiary's interest herein or upon this Trust Deed without regard to any law that may be enacted imposing
<br />payment of the whole or any part thereof upon the Beneficiary.
<br />6. Additional Liens and Protection of Beneficiary's Security, Trustor shall make all payments of interest
<br />and principal and payments of any other charges, fees and expenses contracted to be paid to any exu-rg !,en
<br />holders or prior beneficiaries under any prior deed of trust or mortgage before the date they are des ;nque, -ht —.,w
<br />promptly pay and discharge any and all other liens, claims or charges which may jeopardize the security granted
<br />herein. If Trustor fails to make any such payment or fails to perform any of the covenants and agreements con-
<br />tained in this Trust Deed, or in any prior mortgage or deed of trust, or if any action or proceeding is commenced
<br />which materially affects Beneficiary's interest in the Property, inciuding but not limited to, eminent damamn pro-
<br />ceedings, or proceedings invuhnng a decedent, or if Trustor fails to Pay Trustor's debts generally as they become due
<br />then Senefic.ary, at Benefictary's option and without notice to or demand upon Trustor and without reieassnq
<br />Trustor from any obligation hereunder, may mitoe such appearances, dtsourse such sums and take :uch action as s
<br />necessary to protect Beneficiary's interest, - ncludirtg, but riot limited to, disbursement of reasonao +e attorneys , =es
<br />payment. Purcthase . context or compromi-se of any eneumpranc2, cnarge iy iien..rno entry ,pov the Proitert; ro
<br />make repairs. In the event that Trustor snal: `aft to pror —e - Mirarce Of to paw 'Ixes, aswssmt -ts :7r 1 ^, ,;tne,
<br />Pty 3 R6 ''3'jr : ii
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