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<br /> . . � 96- 1��8�2 :�:�:.w�W.�'�.;;�.:
<br /> 2�. BEGURITV INTER69T UNDEIi TiIE UNIFARM COAIPIIEHCIAL CODE. Thlo Dood ol Trust shall bo r,onsldared nnd bo oifactivo ns n tinancin� ,
<br /> ctntemam nnd n Ilxluro(ilinti�ucua�v to iho proviolona ol tho UN(orm CorrnurGN Cad�(as adoptcd In iho ninto e�horo tho rcrl prop�rty lo locatcd)
<br /> cc�crinp Iixturoo,c�initcla,nn etticloa ot p�rcon�l prop�ny noe�o:•�n�d or harcafror Ntachod Io or to Iv�ueod In eonnaetlon wlih tho Prop^rty toR�thcr r�lth
<br /> any and nll rcplaccmonio Ihorcoi and add�llono Rioroto(tha'Cha"clo"),nnd amntor horoby�7rnnta Londor o cocurliy Intoronl In auch Chattola. 71io dabtor lo
<br /> Iho C#ronto•r daecrlCad abova. Thle Dood ol Yruet wlll ho ollactNu as n ManGnp atntomom Nlod na o flxluro Illing wllh roopcU to nll�Ixiuroo Induded v�ithln -
<br /> � anldpromiso�and le to bo fi;od for rocord In tho reul oetnte reeorde o1 each county whero any part ol edd premieue(Including enld(Ihuroal le altuatod. Thle , �
<br /> Doed of Yruu shall alao b�e(tucilve a�o IlnenGng it�taRant caverfna any oth�rpscrnses nnd msy bs fllod In eny othor n�ro�rlmo Onn�or rocording .
<br /> nllico. A carbon,photogruphlo or othor roproductlon ol thln Daed ol Trust or of any tinnndnp sintamont rolming to ihle Deod ol Truet shmll bo eulOclent na n •
<br /> IlnnnGnp atntemetrl tor eny of ihe ourpnaee ntarred to In lhla Peregreph. The tscured party I�the Lender dotcrlbed nbova. Upon demand,arantor ahall
<br /> rr�ke,exocute and c4oliver euch s�curity egraamanta (ea auch tetm le deflnod In aeld Unllortn Corm�relal Code)a� Lander nt any time mey deem
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<br /> �� nccossrry or propsr or roc��ired to�rent to Londor a peHocted sacurity Intorost In iho Chnitole,nnd upon Qrontor'e Inlluro to do ao,Londor la nutharilad to
<br /> elgn eny euch e{�ra�manl et ihe npont ol tirnntor. Grantor hereby authorizea Lendar to hlo finandng etatert�eme(ae eucf�torm is dotlned In saW Unilorm _
<br /> � Cortm�rGel Cods)with n�pect to Ihe Chatttle,a1 eny tlme,wNhaut the algnature of Qrantor. 4rantor wlll,howsver,et eny time upon requect oT Lender,
<br /> {�r
<br /> clgn euch(Inan�ing atatomente. Cirtu�tor will pny all filing ioea!or the filing of suoh Iinancing stmemente and for Ihe refiling theraof et tho timea res�ulred,In
<br /> " •• the opinlon oi Lendcr,by aeld Unfform Comnerdal Coda. II the Ilon of thla Deod ol Trust be subJect to any securlty agroamont covoring tho Chnttols,then
<br /> =»}f^ ' In tha evant ot any delault undor thls Dead o}Trust,NI the MghL title end Interost ot Qrantor In ond to eny and all ot tho Chanols la hcreby 8solgnod to � .
<br /> �� .�«. Londer,together wlth 1ho banuflt ot uny dopoaito or paymontn now or horoaRor mnde theroof by Qrantor or the prodeeoasors or succoeaoro In title of
<br /> , Cirentor In the P►oparty.
<br /> 23. RHIMBUAAEif1f�NT dF ANi0llNT9 EXPENdCO fiV LCNDER. Londor,at Lend�r�optlon,rtt3y oxpend lunds(induding nttomoys'fees and Iegal _ '
<br /> �• � •,;,: expensos)to�orform nny nct requlred to be inkon by�irentor cv to exerdso any r1�rY ar remedy of Lsnder under Ihla Deed of Truat. Upon demend,Qrantor .
<br /> � • shall Immodlutoly ralrrtwrse Londer(or ell auch ertwums oxponded by Lundor tayothEr with Interest thoreon at the lower ot the hlghest rate dosalhed In any
<br /> ��� ,r•'•. d b l iga t lon or t ho h l{�h o s t r a t e a l l o w e d by l u w h o m t h e d a t e o f n t u n t i l t h e d a t e o f re i m b u r s a m o n t. Th e s e s u m s s h a i l he Induded In the doflnlllon of . - ' �t
<br /> ��;�`;;;'��•..� � � Obllgatlons horein end shall bo secur e d by ihe benelidal IMOro�st�rnnted heroln. It the Ot�llgatlons are paid a8er tho beglnnlnp of @ubiicatlon of nmice of , ���'• ti ;'�.;,.•,!�:-
<br /> cnle,es hereln pro�ided,or In tho evont Londer sh�tll,et Its stile opt an,permil C�rantor to pa eny part ot the Obligatlons after iho bo innin of publicatlon of �r���
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<br /> • nottce ot snle,as horeln provlded,ihan,�rantor shell pay on demand ell oxpensos Incurted by the Trustcie and lOndnr In connectlon with sald pualcatlan, •:.: ---__
<br /> ' � inclu�ing reasonable attomeys'tees to lhe attameys lor the Trustee and tor the Lsnder,and a reasonable fee to the Trustee,and thia Doed of Trust ehall be . . � `'"""���
<br /> �,r��'�'' ' s e c u d ry f o r a I l s u c h a x p e n s e a e n d t e e s. "'�-��y.u=�-
<br /> `� ;'��-`'• � 24. APPUCATfON OF PAYMENTS. The Trusteo shall a y iho procec�ds ot tho trustee's sele flrst,to the costs and expensas oI exerdsing ihe power at `�',s -
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<br /> , sale end of the aelo,includlng ihepaymont ot�he Ttustoe's teos aatuNly incurred not to exceod t�e amount�vhich may bo provided lor In ihe Oeod of Trust, � _—__
<br /> ' socand,to paynwnt of the ohllgnifon soairad by the Deed of Trust,thfrd,to the pay►nent of junlor doeds ot trust,mortgages or oihar Ilonholdere,end the -�'.:!��'W
<br /> " balance,If eny,to tho psrson or persons lagally emitled theroto. '=�_��._.
<br /> 26. POWEFi OF ATTORNEY. Qrantor herebyappoInts Lender as its attomoydn•faa to endorse Cirentor's name on all instruments nnd othar documems �'��'�-''--'��'
<br /> , � perlalninp to the ObUgatlons or poed of Trust. In addition, Lendsr shall bs entllled,but nm roqulred,to pedortn eny aclion or oxecuto eny dowrr�m �•�-z%m;;ri-.
<br /> requIred to bo taken or executed�y Cirantor undor this Doed of Trust. l.ondor'spe rform�na�of such actlon or execution of ouch dxumenis shell not �_�r'�
<br /> reliove�3rentor from any Obligation or cure any defnult under thls Deed of Truot. AII'owers of attomey desc�ibed In thls Deed of Trust are coupled Klth an ' �;,,;
<br /> Intorost and ero IrrevacabA. ��9r°°�:
<br /> � 26. SUBROQA710N 0F LENDER. lender shail be subragated to the rlghts of tho holder ot any previous Ilon, sewdty Interost or encum6rnnce �---^°
<br /> � dischargod wNh tunds advanced by Lender regardless of whether these ilens,secudty interests or other enwmtxances have been released of record. ` �° _
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<br /> 27. COLLECTION COS7S. To ihe extent portNttad by lew,Orantor agrees ta pay Lendor's reasonable tees and costs,induding,but not Ilmited to,tee� !'
<br /> `� and coste of ariomeys and other agents(Includin�without Ilmltatlon parolepals,derits end CDntuflents),whether or not such attomey or apent Is en
<br /> - � ertpioy08 of IAflt78f,WhiGit era inwrraa iry ibiiuni u�wiiot.'tir�sry�""•tsM dt:a o:ar'w�.:ro".^.;!!"h'•^.•r°'r+?'!:"��!"r�hia�aad of Trusl;whethor or not _
<br /> sult Isbrought,Includng,but not Ilmited to,all fees ond castc In�urred on appeal,In baniwptcy,end�r post-wdgn�ent colleetlon ac8ons. •
<br /> � 28. PARTIAL RELEASE. Lender may releaso fla interest in aportlon ot the Property by oxecuting end rocording one or mora Psnlal Deeds of � '
<br /> qeconveyance wllhout eftacting ito Interest In the remalning portlon ot the Properry. Nothing heroln shall be deemed to obllgate Londor to release any of Its
<br /> Interesl In the Pr rty(except as requlred undar Para� i 38 or as rrciy be othsrwlso r e q ulrod by law),nor shall Lender bo oMigated to roloase eny part
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<br /> � that ponion of 1he�o�perty8as d�eMed in t�he D�eed of 7r�u s t,that Is not the subj��of thls or any Part ia�l Ueye�dh ot R�nveyan��n In oifoct with�ospect to 1 .
<br />`-;-.'�,.':. .%,.. 20. MOWFICA710N AND WAIVER. The modiflcation or�valver of any of Grarrtor's Obllgations or Londer's dahto under this Qeed of Trust must be
<br />:,,;�,�;,,, .� corrteirred In a w�itlng sl�ed by Lender. Lendor may perfortn any of Borrowers or Grentor'e Obligatlona,delay or feli to exerNae any of Rs rigMs w
<br /> payments ftom(irenta or anyone othor than arantor wfthout causing a waNer of those 0411gatlona or�I�hts. A welver on one or.�aslon shail not consti e
<br />, *•� � . a weNer on any other acaslon. Grantor's Obllpatlons under thls Daed of Trust ehall not ba aftected iflendor amonds,cortrxoMsos oxchanges,feils to
<br /> -'!• �� - exxdse,impairo a roleases eny ot the Obllgat(ons beionging ta eny arantor,Bortower or third Fs�rtSr or eny of Its rights ega�nst eny(�rentor BoROwer a
<br /> -±� ' .• .�+,�; � havs It�ietyrlgh et eny tlme ihoreafter to I�nslsttupon st�ictsparfo�oe���om�ance of any of the dbtlgatlons sheil not be deemad e wafver end Lender chall
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<br />..4�A�:�,v���.' • 90, SUBS71TU7E TRUSTEE;TRUSTEE LlABIUTY;COIIAPHNJATiON. In case of tha death,Inabllity,refusal to act or ebsonce ot the Trustee hom the ��
<br /> _ „�,��.�,, stato whare the real property is locatecl or In casa tho holder of the Obllgations chall de�ire br eny reaaon to remove the Trustee or eny substftute trusteo as
<br /> -��_..:.,�._��°�� trustoe herounder end fo eppolnt n new trusteo in hls place and stead,the hAlder of the Obllgations is hereby granted full power to appolnt in wrifing a
<br /> ---�.��• suhalituta truttee for said Trustoe,end the substitute truatee shall,when anaotrrted,beeome sua�ssor to ell rlghte ot Truatee herounder end the nsrrie ehall
<br /> _-��� �
<br /> d� . b000rne vnatod in him for the purpasos end ob�ects of thle Deed ot Trust w((h eil the power,dutles end o611gn1lons hareln conferrod on the Tru3loo. rustee --�
<br /> --�;�;• shall not bo Iinl�lo for eny erra ot IudQnant or ea done by Truatea,or be otherwlsa responslde a accounteble under eny dreumstancea whalsoever.
<br /> '-'"`��•� Tniates shall not be personalty Ilable(n caae of emry by(t or enyone acting by virtuo of ihe powere hereln t�antad It upon the Deed of 7rust for deMs
<br />`=�-' ' �� '' ooniracted a Iladilty or�a�e s Incurted In the menagement or operatlon of sald premises. Trustee shaD have ihe ri�ht to rely on any fnstrumenL
<br /> -�.r;,`;;'��,' docurr�m or slgnaturo euthor(zing or sup[wrting eny action takeny r propused ta be taken by k hereunder or beliuved byll In aood falth to bepenuine.
<br /> Trustee shali be sntitbd to rolrtiwraemenf for expensos Incurted b it In the perfom�ence of fle dutl�s herounder end to reasona6Ta c�rtponaatlon ta such _ - ___
<br /> �'��^��' of Re saMcea hereunder aa cha0 be rendered. C3rentor wlll,from tirr�to time,pay compensutlan due Trusteo hereunder and reimburse Trustee tor end
<br /> �_`'-'i�'`--- savo end holsl It hamiess hom end ogainst eny and�II loss,cost,Ilabllity,damage and exponse whatcoaver Incurred by ft in ihe pertom�ence of hs duiies.
<br /> r��asw'�'� —
<br /> r.c•?�*_�__ AN nuneys roeeived t�y Trustea shall,umil used or appiled as herelnprovlded,be held In trust(a thepurposes tor whieh they wbre recelved,but need nat �_
<br /> -_����;; be cegregr�teci in tin manner from any othor moneys(excapt to the extent rc�qulred by Iaw)and Trusteo shall bo under no Ilability ta irrtereat on eny _
<br /> ny Q�
<br /> +?�+���t. � moneys racelved by li herounder. ""
<br /> °.,,•!�'�s� ''n ' =
<br /> -'��'�'''- � 31. SllCCESSOR9 AND ASSIGNS. ThIs Doed of Trust shail bo Wndng upon end inuro to the beneflt of Qrantor end I..ender and thelr respeclNe F,_F;_�_ =
<br /> '���-" • `° � sucoessoro,asslgns,trustees,rooeivore,adminlatretors,pereonel represoNalTvos,legatees end deviseros. -`
<br /> _ .... �' .f'-
<br /> -�- -�� � �i 32 NOTICES. Except as olhurwise required by law,any notloe or othor oommunicatfon to be providad undorthls Dood of Trusl shall bo in wdting snd sent �-:�z--m��-
<br /> - • ro the partlos at tha addresses described In thla Dood oT Trust or such mhor addra:,s as the parlles may deslgnato in writing trom timo to timo. My such L�;'��`'�`;
<br /> notloe so givon and sem bsr first dass mell,poatago propald,shNl be deomnd given tho oarlior ot throo(3)days aftor such notioo is sent or whon rocc3lvod �+ o,,;;
<br /> ' �rj try the person to whom such natice Is being givon. • . ���?
<br /> r., . .:,• s�S:.;r
<br /> S9. BEYERABWTY. Whenevor possiblo oach provislon of ihls Deed of 7rust sNali be interpratod so as to ba ottoniNu and vaild under ap{►ilcablu stato �`''
<br />- � A;� In+v. I}any provlabn of thla Doed ot Trust�io�.�tos 1{»law or is unentorcoablB,tho reat of the Qoed ot Trust shNi ooniinuo to be valld and ontorooaWn. -y.�:;•�:��►,,; �;
<br /> 4, ��'l:�1�,, •
<br /> - 3 4.A P P U C A B L E LAW. This Doed of Truat shall be g ovomsidl b y tho laws of the stete where iho real�xoperty Is located. Unless eppllcablo law providos "'";�'��. ''� `:;
<br /> � olhanvlse,Grantor oonsonts to tho Jurisdictlon and venuo of any ooun selalod by Lendor,in itn aole disaetlon,tocated In that statu. �`,:,��ti �`1�.�,i:
<br /> ••'. ao� ..'
<br /> d''' l•� 35. MiBCELLANEOUS. Grentor end Londer agree that tlmo Is o}tho osaonca (ircimor watvos presentmont domuid for payrtxint,natica of dishonor end "'�='"" ''"'°'
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<br /> --�__��-'--_--' ...��-" n��i...w n�..��r W I��II IMLuI�ell w�M�a�LV1IM�fClffW �f lhun In m�ua than ene O►anin►. ----_----i:�'--•.
<br /> ___.�,-.....____� p�S9S1�7(W Uit ��tiou iry iav. ev��a�mm�wa�v.a.m..v.o...no v....v. .w..C..�....�...��.
<br /> ' thefr Obii�at�s 6h�be�oint end sovsral. Thls nead of Truct roprosonts iha comploto Integrat�ndorstanding botweon C;rantor and Lundor portNnfng to -- - - "_"°'�-`•
<br /> : r� i� tho tema 4nd oond�Uons f�ereof. . . . •�
<br /> � 36. NO 7HlRO PAHTY RI(iliT3. No persan is or shall bo a third partyr bonefldary ot anyprovislon ot lhis Doad cf Truat. All provislons of this Ueod ot • �� ' "
<br /> � Trust in favor ot Londor[vo Intendod soloiy for tha bonefit of Londer,and no third party shal(bo ontittod to nssume or expoct that Londc�r wlll not walve or ,
<br /> consont to ihe modlflcatlon of eny provis lon o f t his D e e d o l Trust,In Lan d oro so lo c Hsao t ion.
<br /> 37. PRESERVAl10N OF LJABILITY AND PRIGRITY. �thout eHecting tho Babllity of BoROwer Grantor,or any guarentor of tho Oblt�atione,or eny oihor ' ,
<br /> person(oxco t a person ex�xessl reloased fn writing)for tho payment andpe�fomiancu of the bb:lgatlona,and without eflecting tho rlgt�ts of Lendor with
<br /> '�•" respecl to any Properry not oxprossly reioasod In wrtting,and withoui Irtpalring In eny way the priodfy o!ihls Deed of Trust ovor the imoreat of a�ny person '"
<br /> a�u Irod or flret ovidnncad by roco�ng subaoquom to the recording of thls Dned of Trus1,Londer rrey,oithor beforo or after the maturity of iho C)bllgutiona.
<br /> end ivhhout notica or cons3nt:ru!easo eny poraon Ilabio torpaymoM or�Hormenca ot�il or any perl ot tho Obilgatfons;mako eny a�ec�menl eltadng tho .
<br /> tortr�of payrt�nt orporformanco of NI or any part ot iho Obligationa;exardso or mfrnJn Irom oxordsing or wcilvo nny rl ht or rorcady tF�nt Lnnder rt►ay havo ,
<br /> undor iho Deod of Trust;accept additionel cocurity of any,kind for any of tho Obligatlons;ar re�easo or othenvlse de with any real a personelpro rty
<br /> securing+Iw Obligatlons. Any pereon aoqulring or recor�ng evldonce oi eny Interest o}eny naturo In the Properry shall be doemed,by aoqulring eucfi
<br /> interest a recordng any ovidnnco thereof,to have consented m al or any such acthns by Londor. ,„
<br /> � NEDOTD Rev.1191 Pap��d6_ � �
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