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<br /> � ���� ' " IT 18 MUTUALLY AOREED THAT: � 9�- 100 5 53
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<br /> r�' -.� :�'�* � UTIOATION:Tn,slorsh�IldN�n4t�laT�uatnany�cdonerq�ocwcflnOAU�Mnpb�fNctwchprop�yr�whNhKOrnM
<br /> �: ..� it aH�cb th��scurfry hersol,or purparllnp to aM�ct ths dQhfs or powor�aL�NnNiclsry of Trus�,and�11 ple and
<br /> pros�cute all ns�ws�ary clalma and�cNona to p��vent or��cower Iq��ny d�ml���«�ucNon ot such p►apKty��nd
<br /> , . ' c;��. ".t:��' NtherTrwleeorBsnsOci�ryi�he�ebyauthari�od,withoutobtipstlqn.�oWdo�t�tcommmcs.�DPea�lnordelendanysuch
<br /> . � . , acdon�wh�th�r broupht by or apainft Tru�tw BeneAr•inry or Tn�sM4 a wilh or,wiU+out suit to exKais�a�niorc��ny cthx
<br /> �i�ht�nm�dy or powsr�va�il�bt�or confened hereunder.wM�thqr or•n4t jyd�1 pnt bs entK�d in any ectlon or proc�sdinp;
<br /> : °°.- ... .�- - , and Trustor or BeneHciary meyappeur or intervana in Any actiW�or proC�a9dinp,and relain coun�el itwretn;and take such
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<br /> • � acUontheraln,aseithermaybead�leedandmayset��a,compromiseorpaylhQ9emeorenyotherclldmsand,Utl�atb�lt _
<br /> � and for any of eaid purpaaes,may expend and advancu nuch sum�af monAy aa eilhermay deem n�aary.Whelhe►or not ---
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<br /> T►ustor so appears a defsnds,Truator on demand shell�pay alli coeta end expensee of BeneNaluy and Trustee.includ(np �!�;;'
<br />���� coat ot evidence of�tle and atlorney's feea In n reaaonebl�sum,in any a�ach acdon or procaedinQ in whioh Ber�etfciAry or R�=.. .�.
<br /> Trustee may appear br virtue of beiny made a party dgieodant or othe�wiso and taespective of whether the interest af ��-
<br />' n � 8eneticiauyorT�usteeinsuchprope�tyisdiredt�queatlonedbysuchaction,i�clutiingDutnotlimitedta.anyaotianforlhe ;�.�-�:.,.�-.�
<br />.;;`, � ���it;:•'.'�;:,? to�eclosure M,or aale�eroceadinga uader.�r►y secor�dlary Ifen an such properN, aondemnAdan or pa�tiNc►�ot euah _---�" -- -
<br /> ;,'v:ii:. �;:.'. .,�'r;;1..�j prOp�if► A�1Y �t� �'Y 88�1�fi0i�iry 1m f�lOO�iP1iC�0101 Trusl. - -
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<br /> :;���•'� � ''`� �-.:,v.;t',• �� CONDEMNATION:All sums dua,paid or payablQ to Truafor.or any euccesaor 1n Interest of Trustar,whather try way oi -�
<br /> . ud menL settlement or otherwise.(a)for in u or dama e t4 such propeKy,or(b)in connectlon with+�n aondemnadon �""��
<br /> for puWic use or injury to such p�opeKy or an part theresof,or(c)in connactlon with the aantaction flnanced by the loen ��'���--""'`
<br /> s�cured 19reby o� (d►arisin�out of all causv�of sctlon,whether accruinp betors or aiter th�date ot thit Deod of Tru:R -=�-
<br /> sounding iu tort o� co��ir4ct� ,.�r,ludin�cauass of ectlon for fraud or concealmeM o1 a mNerlal I�ct topether wlth the -___ - -- —
<br /> setUemenb,prxeeds,�wardasnd dsmepes,directand consequ�nti�l,in conn�ctfon thanwllh�r�It�reby�b�olutsly�nd �_ _
<br /> ' irrevocably as�ipned and sh�ll b�peld to Bsnellclary.Bsneflcl�ry shall b��nQU�d.atiqoption,to comm�nc�,intsnsn�M, .� �-
<br /> � eppear fn�nd prosocuts in II� own nsm�,any�ctbn or procssdlnp, or to mak� ��y compromlN or s�ttl�nt,in , ,� ��
<br /> �• ' conrnction wilh any ach ykin�or dem���.Tru�tor�prNf to ex�cut�wch IwtMr ot�lpnm�nb of�ny comqnsatlo�. __
<br /> aw�rd,dama�ss,ri�h�ol�ctbn�nd prxNd�u Bm�Hciary may�puln. '�`u'.",.._
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<br /> � All amounts recsived by esrnNchry purauan�tothia Deed of T�u�t under any flre orother U�ua�ce policy,in connectfon x`��,-`
<br /> . with any cond�mnstfon for public ues of or in�ury to such property,lor inJury or d�rnapeto such hareby areto be applied at •�
<br /> tha option of 8ene11cfary upon pny indsbtsdnaas aecwed hereby.The epplication.uteo��eleafs of euch amount�hall not '
<br /> cure or w�ivo any default or nodce of dsfaull h�rreunde�or invalidato any act don�purou�nt to such notice.
<br /> CONSENT,PARTIAL FiECONVEYANCE.ETC.:Trustee ma ,at en tfine,or irom tfma to time,wifhout IfabNiy therefore, ",:�"" `
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<br /> and without�otice.upon wriften request of 8eneficfery,and without aHectinp the personal Ilabflity ot any person for ���• ��•.�
<br /> payment of the indebtedness secured hereby,or the Iien ot this Deed of Trust upon the remainder of auch properly for the w�..t •��':���.'. ;:
<br /> lull amount of the lndebtednesa then or therea(ter,secured hereby,or the riphta or powers of the BeneNcfery or theTrustee ' 'r���. "x
<br /> with respect to the remainder o(such property,(a)reconvey any paR of such proparty,(b)consent to the makiap of any r _°�'
<br /> . map or plat thereof.(c)�oin in p�a�Ung any eaeement thereon,or(d)join in any extension a�reement or any ayreement :;t y�.y:..,�{���
<br /> subordinaUnp the lien or charye hereof. ,�
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<br /> FULL RECaNVEYANCE:Thet,upon wdtten request of Beneficiary stating that all sums seCUred hereby have been paid ��;,=:_�,`,
<br /> . and all obligaUons secured hereby have been satfatactorily performed,Trustee shall reconvey.without warranty,the � ;���,-_
<br /> '. . . property then hetd hereunder.The recitals in such reconveyence of any matters of fact ahell be concluaive proof ol the � ,,
<br /> ��1 ;..':,,:� truthtulness the�eof.The grantee in such reconveyance may be designated as "the person or perso�s legally entltled
<br /> • •� - thereto". Such requests and reconveyance shall operate as a reassi�nment of the rents,income, issues and prorits � . - "
<br /> ' hereinbetae asafpned to the 8enetfciary. �'"'°-
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<br /> HI(iHT TO COLLECT AND RECEIVE RENTS AND PROFITS:NotwNhstanding any other provfsions hereof,Beneficfary f , •'��."
<br /> .. hereby grents permission to Trustor to collect and retain the rents,income,issues and protits of such properiy es they � �
<br /> become due and peyable,but reserves the right to revoke such pe�mission at any tkne,with or without cause,by notice f� ,�;;;..`:_.y,=.-
<br /> , • writing to T►ustor, malled to Trustor at hfa last known address. In any event, such permfsalon to Trustor ehell be ==�-'=--
<br /> � automatically revoked upon defeult hereunder by Trusbr. !� � �..���>.
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<br /> . . ' �'• �• FINANCIAL INFOHMATION:T�uslor wlll provideto 8eneflciary,within 90 days of the close of each flacal year of Trustor,a k
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<br /> : ,•, , ..�;�.�1t,�;:::;;� consolidated balance sheet and atatement of earnings ot Truator and any and all guarantors of the obligations aecured
<br /> . ,;� " ���-�'`' hereby and will provide and deliver to Beneficfary such other tinanoial iniormatlon and In such manner as Beneficlary mey
<br /> . direat from time to time.
<br /> � FINANCIAL COVENANT:Trustor ahell comply with and shall cause eny and all guarantors of the obligatfon secured
<br /> hereby to comply with,or be In complfance with,the following linancial covenents:(This paragraph shall be non-applicable
<br /> if covenants and requirements are not filled in below.) •
<br /> • EVENTS OF DEFAULT:Any ot the followfng events shall be deemed en event of default hereundet:
<br /> (a►Oetault ahall be made In the payment ot any installment of principal or Interest or any other sum secured hereby when
<br /> due;or
<br /> �- � (b)Trustor should breach or otherwfse be In delault under any term,covenaM, agreement,conditlon,or provision
<br /> conteined herein or in any buildiny loan agreement or in any other agreement secured hereby;or
<br /> �. (c)Any representatlon or covenant mede hereln,in any building loan agreement,or in any other agreement secured
<br /> hereby or gfven in connectfon herewith or any indebtedness secured hereby shoutd be talse or misleadfng;or
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