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<br /> . T/!1(E8 t�t3D ASSESSN9ENT9. Qrantar ahull ay all tnxos nnd aesessmont3 retating to Prope or�h oe o hunlfth�tlm2�e esptlm��annual
<br /> evldence of paymont of oarne. Upon the request o Lender,drantor ehall deposlt with Londer each m (/
<br /> Inouranca premlum,ttuce�nnd a�soonmonto portalning to tho Rroporty. So lonp a�thcro lo no detault,tha�o amounts chR!I ba ap�Ii�td to the peyment
<br /> pllaxco,ac�oaamonto and Insuronc�no rcqulrcd on tho Proporty. In tho ovont of daiault,l.ondor ehnll havo tho rlpht,ttt It9 oole optlon,to apply tNo
<br /> tunda so held to pay any t[uces ar aQnlnat the Obllgatlon9. My tunda applled mny,nt l.ondor'o optlon,bo appll�d In rovcrco ordor o4 t�io dua dnto
<br /> thereot. p
<br /> �Q. lygPECi'lON OF PRAPE6i11f, flt7QK8, RECOROS AND R�PQNTS. �rantor shnll allovi l.ender or Its agente to examine and Ins ect the
<br /> Property and ex�mine,lnep�ct Rnd mek�coptse of�rantor'e bauks&nd records p�rt,-•lnlrg to tha Property from tlma to Hme. Ornntoe shall provlde
<br /> any anelatl�nco requlred by Lender for theao purpossa. All of the olpnatureo sncl Intormatlon contnlned In Cirantor'a booka enc! recorde ehAil ba
<br /> t
<br /> , �-�r g�nulns, truo, ecaur�t�snd compl�ts In all reepacts. Orantor ehnif note the exletence o1 Lender'e beneficlal Intareat In Ita booka nnd recorda
<br /> Grantor'a fin:tincint ond 4 on or�N�enPrope�rty�The hntormat o�ni aha I�be tortlsuch p r ods�ahell otl ct Gran or�s�roco da atro ch tlmeuQand ehdl�l�bo
<br /> .,:��: ;!'•',�� nndersd wlth euch frsqusncy ae L�ndsr may dealpnate. NI Information fumlehed by Orantor to Lender ehail be truo,uccurato nnd complatu In nll `,
<br /> �.==�'�`� rospects,nnd sipned by Girantor if Und�r requsat�.
<br /> +��'��� 17. E9TOPPEL CERTIFIGATHS. Wlthln ten (10)days after any r�queat by 4snder, Orantor ahall dellver to Lender,or any intended trnnsteroe o} �
<br /> --_.-=�`:.'� Lender'e righte with respect to ths Qbtipatione,e elgned and acknowledged stl�tement epecltying(a)the outstending balance on the Obllgntlonn;nnd �_
<br /> (b)wh�ther f3rnntor posseasea nny ciatma,defenses,setotte or counterclalme�vith resp�ot to ths Obllgatlona and,If ao,the nature ot such clnlme, �:
<br /> •�>, defensea,set�ofla or counterclaima. Grantor wlll be conclusively bound by any roprosentatlon that Lender mdy make to the Intended trnnaferoe with �.
<br /> �;. , respeot to those matters In the event that Ornntor faits to provlde the requested statement In a timely manner. _
<br /> ,� �,- 1Q. �EFAUI.T. Grantor shnll bo In defauit under thls Deed of Trust nnd the Trustee's power shaA become oporativa In the evont thet Cirantor, c
<br /> Borrowsr or�ny puarantor of the ObltgaUons: �
<br /> � (A fnlle to pay any ObllgAtlon to Lender when dua; �.
<br /> (b; 4a119 to perform any W119ntton or breechea Any warranty or cavenant to lender contalned In this Daed of Tnist or any other present nr ftdure
<br /> !,•''� aflreemont; � �'.
<br /> (o) destroys,losea or demeges the Property in Any material respoct or subJects the Property to oelzure,conflscatlon,or condomnstlon;
<br /> � • : ��; (d) ceeks to revoke,terminate or othenvise Ilmii its Ilabllity under any guaranty ta Lender; �
<br /> . (e) dlea,becomes legn,ly incompstent,ia dlasoNed or terminated,becomes Inaolvent,makes sn asalgnment tar the benefit ot credituro,fulls to —
<br /> '� �F pay debte as they bscome due,fites n peUtion un�er tho federal bankruptcy lawe,hrte an invotuntaty petitlon In bankruptcy fileei in which Grontor,
<br /> � �' Eorrower or any guarantor ia named,or has proparly tsken under any writ or proceas of court;
<br /> ;. ��, �� (q aliowa pooda to be used,trnnaported or atorod on the Proparty,the possesslon,tranaportatlon,or uee of r:hich,Is Ille3el; �
<br /> .'.�'. (g) allowe nny pnrty other than C3rentor or Bortower to a8sume or undeReke mny Obllgation without the written coneent of Lender;or
<br /> . � =a �.;�. (h) oauses Lender to daem Itself Inssoi r e�Q manco Ia Impalred ecline In the valuo of the Property;or If Lender,In pood talth,for any reason,
<br />,;;,� ; belleves that the prospeot of paymont p �s:
<br />;;;�� ig. SiIGHTB OF LEN�ER ON DEFAULT. R there Is a detauH under thts Dned ot Truat, Lender shall ba entitled to exerolse ono cfr moro ot tha ��,(
<br /> .;;,: � follawin8 romedlea wiihout notice or demand(oxc�ept as requlred by law): _
<br />;:sj� .,,.,, (a) to declara the Obllgatlons Immediately due and payabie in 9uli;
<br />•;�'t�• (b) to collect the outetnndfnp Qbiigfltions wRh or without resorting to Judlclal proceas;
<br />_F�,S�v?'- (o) to requtre Cnntor to deliver apd mako nvallabte to Lendar any parson�l proporry or Chattela constituting the Proporty at a placs rsaeona4ly
<br /> . .�a convonisnt to Grant�r and 1.endor,
<br /> ��,--*�•. (d) to sntu upon and take posaesalon of the Propsrty without applyiny tar or obtalning the appalntment ot a recelver and,t�t LendePs ap4lon,tn
<br />--`��"` appolnt a reeotver without band,without firot b�Inginp sutt on the Obllgntlons and wlthout oUienvlss meeting eny smtutory condit(ons rspardlnp
<br />"`'��" realvero,It being Intended that I.ender sheJl heve thle contreotual dght to eQpolnt a rocelver; �_;;
<br />;;;;,� (e) to employ a m�nayinp agent at the Property and let the same,eliher In 7►ustee's own name,In the nama of Lender or fn the nnmo af
<br />_-__.:�y��. >' �,:�,w���:.in.{w�M,income�,Iasues and proftts of the Property end apply tha snme,after psymsnt of nll necessary cherpa and
<br />:�:.�:,;•;,Y•.r �;
<br /> s,�� expenses,on�ccount of ths Oblipntlons;
<br />���u�:�t�;�� .5; (fl to psy eny aums In any tarm or m�nner deemed expedlent by Lender to proteot the eecurity of tfiis Deed of Trust or to curo eny dsfa�ft othar
<br /> "�"�k=- then p�ym�nt of Int�rost or pdn�ipal on the Obilpations;
<br /> "Y�� throu h ex�rciss of tha(wwar of ral�na = _
<br /> (q) to toncloes thls Dred ot Truai Judlcidiy or nonJudiclNly and to direot ihs sale ot th!property p
<br /> ret�nnc�d In parapraph 20 heraof In acccordance with epplicsbls law;
<br /> --==s�� (h)to s�t�ott ptantor's Ob1lyaUona apeinat any dmounte owW Qrentor by Lender Inctudlnp,but nat Ilmlted to,monlea,Insuumente,and d�poylt
<br /> ----:�;� axounts maln2aln�d wtth Lander or�ny�urronUy sxistlnq or(uture nffillate of l.sncler;and
<br /> ��x� Q)to�xsrdae a11 oth�r rlghtf available to Lender under any oth�r wrlmn�yrNment ar applicable law.
<br /> — Under'e rl9hri nre cumuintivs and may hs sxerciosd toyethsr,separstely,end in�ny ordsr. In ths event that Lender Inat(tuto9 an�ction sseking the
<br /> ____� r�covory o}any of ths ProMrty by way of n preJudpmsnt remery in sn acflon a�einst firnntor,Grantor walvea tlis poetiny of any bonA whlcA might
<br /> - oth�rwie�be rsqulred. Lcnder or Lender's deslgnee may purchaso tha Properry nt any saie. Proceede oi any Trust�s'n sate haeunder ehatl bs
<br /> --- appli�d firot,to the coats and expenses o�exerclslnp the power ot eale nnd ot th�sal�,lncludlny th�paym�nt ot th�Trwtee's taoo actu�lly Incuned
<br /> --�°� and not to oxosed th�amount whlCh may be providod for In thia Dead of Tmst,eecond,to paym�nt of the Oblipstions a�cursd h�roby,thlyd,to the
<br /> = psymsnt ot Junlor trust deede,mortgapea,or other Iienhotders,end the balanoe,if euiy,to the pereon or pereons legalty entitled thsroto. The property
<br /> — pr�ny port th�nal may b�sotd In ons parcal,or In ouch parcele,manner or order ao L�nder In ita eolo disarottom m�y elect,and ene or mare
<br /> �x�rd��ot th�powar hereln pr�nted shall not exUnflulah or exhtust ths power unlesa ihe entir�property le soY.t or tho obliqettons ars paid tn tutl.
<br /> �= 20. T�HlUSTEE'S�a asCuSed herebQy mm�s�y due e�d pa a4 e and h I cau se to be fi/ed o�'e��a:w�n:°noi�o ada°�i'�heti::iloatto sell
<br /> - : - ��,�;..-=•--
<br /> /.iter Me lapae c�f auoh t:(T10 B8 th8i1 rtiay oe toywiou uy in:i i'v�i"v:.�i:$.ti:'�a-"^•^•^�•"'•'�•nn�rw nt defeult.and noUce of eats 6V flQ -
<br /> ---.---- th0 Prop�rtY• pe
<br /> bs�n plwn�s thsn rsqufnd by law,TNSlN,without demand on Grnntor,yhall aeil such properry,oithnr ns e�whoie or in ssparnte puosto,an�in Rucn
<br /> -- -- ord�r as It or I�nder may detsrmirts at publio auotlon to the hlphest biddar. '�ruetea may pog�e ths eals b t obl�o d.n�n uncsm�tt t th�tlms and
<br /> publlo nnnouncem�nt at th�time snd ptece of eale,end from Sims to tlme tMreaflar mty poatpo Y P
<br /> __ __ ptaos fixed by th�prsc�ding paa2ponement. Trustee ahail deliver to such purchreer Its dwd conwving the praperty,or pOrtion tt»reof,so ootd,but
<br /> without�ny cavenant or warranty,oxpreaa or ImRlled. The rocitnls in euch deed of nny mariets o}faot or otherwlse shall be conclueivs proof of th�
<br /> Vuthfuln�ss thereof. My person,Includlnp Orentor,Trustee or Lender,may purchase at such eals.
<br /> 21. REQUEST FOR HOTICES: Grantor requeate tT�st s copy of any noUce of detault and e copy of any notlea of sale heraurtdor be malisd to sach
<br /> p�non who b s puty hereto st ths eddreas of such pereon set furth hsreln at the same time and In the eame manner requtred ne though a e�parat�
<br /> requeat thfreof hod been flled by each euch porson, �
<br /> --= 22. SECURi11P 6�U7ERE8T UHDER THE UNIFORM COMMERCIAL CODH. Thls I7aed of Trust shall be conaldered a financinp etntement and e
<br /> - — � lixtun lillnp purauru�t to the Prov►alons ot the Unitorm Commerclal Code(as scSopted In ths stats wh�re th�roal properry la iocated)cowr�np fiKtu»�
<br /> chatt�is,and artialas of personal property now owned or heroaRer atteched to or to be used In oonneatlQn with ths Property topeth�r wlth sny and�u�
<br /> ----—� replacement�thereof and addlNons theroto(the'Chattole'),end Qrantor hereby prante l,ender a eecu�ity Intereat In auch Chattote. Th�dsbtor la th� ^
<br /> ____=a� Qrantor deacrlbed ebove• 1Te soeured puty Is the Lend�r deecribed above. Upon demnnd,(3eentor shell make,sxecuu and deliver euch eecurftyr
<br /> �prnments(as euch term la dailnod In snid Uniform Cammerclal Code1 e,s Lender et my time may d�em neceaauy or proper or r�qulnd to prant to
<br /> �,� Lsnd�r e perf�tyd eecuriry Interost In the Chattels,Md upon(irantor'e tallure to do so,Lender la nuthorized to slyn any suclia�roemont na ltte�yent
<br />-_:,,�,,;�,,,,;- — ot(inntor. Grantor htnby authoriias Lendar to flle fina,ndng�tatements(�a auch tam's detined In seid Unlform Commercl�l Code)witt►ro�pvcl ta
<br /> -�«. , ih�Chattels,nt aay Nme,without ths sipnaturo df f3rantor, Grantor wili,howevar,at eny fime upon rsquest of Lender,eiyn such finenctnfl etatemanu.
<br /> _-�;:7 :�, Grantor will pay a11111ing toes tor tho tiling of ouch flnanGng atatementa and tar the reNling thtirent at the tlmes requlnd,In the opinion of Lenclar,by
<br /> ' - aald Unitorm Commercial Code. M the Ilen ot this Deed of truat bo subject to any securlty agreement coverin�tho Chattela,tl�en in the ovent of any
<br />-- - �,L,��+� �olauit under this Deed of Trust,all tt��right,Utle and Intere3t o4 Grantor In and to any and sli of tha Chattels a heroby assignec!to Lender,together
<br /> -����!; . wY[h th�bsneflt of any deposiis or payments now or hereaft�r mado thateot by Grantor ot tha prodecesaors or suxessors in 41t1e ot C�rantor in the
<br /> -'-���,��Ts``' � PfQ�(1rty r•'
<br /> '_-;,�,.+�,::_, �. ?.�, REliY1BURS�MHNY OF AMOUN4'S EX!'EN�ED DY LENDER. Lender,�t Landerk optbn,mey sxp�nd funds pncludlng attomeys'teec and laqal _
<br /> ='::�?°� expinsea)to per7orm�ny nct requlred ta be ta;<on by(3rnrrtor or to exerclsa any righ2 or romedy of Lender under this Deed ot Trust. Upon dsmend,
<br /> �s,�.� Gnntor�tFilJl immedtately roimburas Lender tor a11 oucN emounts expended Dy Lenclor together wtih Interost theroon at the lower of the hiQhest rate _
<br />�='��-,�������- ,���i�i�u det�fnl�oe of OblivaUans hereln�anld hali b�secu ed by theabeneficlal�lnt ro t p nt d he eln��M the Obllgntlona�ars pa d after�U�a
<br /> - � ��.. ..�....t�n..a..�n n�u�nv rurf n}tlu
<br /> -'���'"`�.i� ' beq inninp ot publlca�on ot noUce of cate,as herom proaaea,or in me eveni i.ender oi�eiF,6i iw ou:o..p.�....�r.�.•••••...-•--• --r-.-•. .-- - - _
<br /> - =,'".���;,:•:r, Obllpattons after the beg!nning of pnblicallon of notice of sate,as heretn provided,then,Ornntor ahall pay on demand nll expensea Incurrsd by the _
<br /> ��y�:--: ; ; �� Trustee and Lenckr In connoction with said publicaUon,Inctuding roasonable attomeys'fsea to the e.ttomeya tor the Trustee and tor ths Lender,8nd A =
<br /> �° ', roasonable tee to the Trust�e,ensl thls Deed of Trun shall bo secudty for nll such expenses nnd tees. _
<br /> :`<'�'�''�:;.`;,;f;�� 24. APPLICA70aN OR PAYIVIENTS. NI paymente made by or on behalf of(irentor may he epplled 49ainst the amounte pald by Lender pncludin =
<br /> ''�`�^�-°"'�� � attomeyro'teea and legsl expensss)In connection vdth the exerciso ot tte dghte or remedies degcribed fn thf�Deed ot Truat nr.d then to the pnymen�
<br /> =�N�`�`�'�'•�'�' of ths romnfninp Ob11QaUans In whatover order Lender chooses. _
<br /> - ;�-,smy• �, POWER OiT A1TOIiNEY. (irantor hsroby epPO�nte Lander ns Its altomey-In•fect to endoroe (3rontor'a name on all Instr�ments nnd othor
<br /> documente p�Ralnlny to ths ObliAations or Deed ot 7rust. In addlUon,Lendor shail be entitlal,but not roquirod,to perform euiy eotlon or execute any _
<br /> ��,�`��' �'^�'' � dacument requtrQd fo be taken or executed by Cirnntor under thl3 Deed ot Trust. Lsnder'e performnnce ot such actfon or executlon of such =
<br /> - ' ''�� � docum�nts shn1�not relleve Grentor irom any Obilgetlon or cure nny defeult under thle l�ed of Trust. NI powore of attomey described In this Deed ot _
<br /> ' " �s`� Truet ar�cou�led wtth cin interost nnd ere Irrovocable. -
<br /> n
<br /> '`��',{�''�% :_ ., 28. SUBROGATION OF LENDER. Lender shall be subroBaMd to the riyhts o}the hoider of enY provloue Ilen,secudty interost or encumbrnnce
<br /> .: ;�.,.. � k' dtacharped wkh tunda ndvanced by Lender reqar�less of whethe�theso Ilena,security Incereate or other en�umbrencao hnv�beor�reteased of rocord. _
<br /> ,.•�,�,,.�y.�.;) ,A /� n,�
<br /> -- ,� LRNE6t tC O�ortnAtlon Techno7eg�e�,inc.(0/20/BS) 1�)�7�7� Pag�3 et 6___������\J .
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