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<br /> - �" T �.�nd�►to protaot th�Nourity ol th�Notr,(c)th�poAorm�nco of all covenant�and apreamonte o1 Truetor�et forth horein;end(d)�11
<br /> �� � ^.���,;,:{r ' Fr�nt and tuturo indebted�eu+�nd oWip�tlom of Borrow�r(or any ot them ff mors than one)to Und�r whethor diroat,Indlncf,
<br /> �bwlut�or conUnpqnl and wh�th�r arldnp by note,qwr�ny,ovordraR or otherwise.Th�Note,thls Gsed ol Tru�t and any�nd all ����
<br /> .. : -d• _.-�_—_..
<br /> " othor dxusnb thst Mcure tha Note or oth�rwl�e exaautod In connectlon thqrewilh,Includinp without Ilmitetlon yuar�naa,�aourfty ----
<br /> ���„y ,ti�; �pnemonb�nd assipnments o1 lea�es end rents,ehell ba roforred to heraln aa tho"Loon Irnuum�nts". �
<br /> ��;�•:�+ Tru�tor cov�nana and aprees wlth Lendar e�followa;
<br /> 1. p�y�M ol�nd�bydnN�.All I�debtedneso secured hereby shafl be pa�d when due.
<br /> 2. Tltl�.Trutlor I�tha ownar ol the Property,hea th�nqhl c+nd authordy to convey tho Property,and werranta thet the Ilen �_._ -�t_��.._
<br /> � ' created hereby ia e Ilrsl end prlor Ilen on the Property.excopt tor Hene and ancumbrancea aet IoRh by Truetor in writiny and _
<br /> � " do►iverad to Lender before execution of this Oeod of Truat,and tho oxecutlon end delivory ol thl�Deod ol Truot does not vlolate any _
<br /> " � �'' � ' conhaCt or other obligation to whlch Trustor is subJect
<br />- ` , :`,� 3. Taxn,A�um�nh.To pey betoro dolinquency au taxes,specief aaoessmente and all other charqea apainet the Properly
<br /> -s „ now or hereafter levle�. --
<br /> � 4. in�urano�.To keep the Property insure d ageins t damay e b y I l r e,h a z a r d a i n c l u d e d wilhin the term"extended coverage",and
<br /> - ^ � such other hezards ps Lender may requlre,in amounts and with compenles acceptable to�ender,namfng Lender as an additfonal
<br /> � nemed insurad,wfth losa payahle to the Lender.In case ol losa under such polfciea,the Lender Is authorized to adjus�collect and
<br /> °
<br /> ' compromise,all clafms thereunder and ahall have the optlon of applymg all or pah o1 the Insurance proceeds(f)to any fndebtednesa _
<br /> secured hereby and In such order as Lendtlr may determfne.(�I)to the Trustar to be used for the repalr or restoration.ot the Property
<br /> ^ - or pff)for any other purpoae or ob�ect satlslactory to Lender wilhout aHectfng the lien of this peed of Trust for the lull amount secured ___
<br /> hereby before such payment ever took place,Any application ot proceeds lo fndebtedneas shall not oxtend or postpone the due
<br /> � dete ot any payment6 under Ihd Note,or cure any defeult ihereunder or hereunder.
<br /> 5. Escrow.Upon wntten demand by Lender,Tru9tor shall pay to Lender,fn such manner as Lender may designate,suNicient
<br /> ' .. �- sums to enabte Lender to pey as they become due ono or more ot the tollowing:(f)all taxes,assessments end other charges agefnat �-W_�� __
<br /> . the Property,(fi)the premfum�on Ihe property inaurance requlred hereunder,and(ill)the premiuma�n any martflaye Insurence =___
<br /> . required by Lender. —°°-- -�
<br /> ' " 6. Malnt�nanc�, R�p�lrt and Compllanc�wlth law�. Trustor ahall keep the Property in good condltfon and repalr;shall �_:-
<br /> , promptly repeir,or replaCe any fmprovement which muy be damegod or destroyed: shall not commft or permit any waste Or �.___-
<br /> � deterforatipn ot the Property:ahall not remove,demolish or substant�ally alter any ol the Improvements on the Prope�ty; shall not ���;
<br /> ' commlt,suNer or permft any act to be done m or upon tF�e Property m violaGon ol any law,ordinance,or regulation;and shall pay and S• � _
<br /> �� promptly dfscharge at Trustor'a co�t and expense all ll�ns,encumbrances and charges levied,imposed or assessed againat the
<br /> �r:x•.�•�-
<br /> � Proporty or any paA thereot ���__
<br /> � 7. Emin�nt Dom�in.Lender�s hereby asefgned all coinpensetlon,awards,dama�es and other payments or reliei(herelnaftAr
<br /> � "ProCeeds") in connection wilh condemnetion or other takmg of the Property or part thereot, or lor c�nveyance in Ileu ol
<br /> • " condemnation. I.endar shall be emltled at Its optlon to commence,appear in and prosecute in its ow� name any actlon or �
<br /> proceed�nga,and ahell also be entftled to make any compromise or settlement in connectfon with such taking or damaga.In the
<br /> — .�;`...._� eyent any portfon of the Property fs so taken or dema9ed.Le�der shall have the option,in its sole and absolute discretlon,to apply
<br /> ' all such Proceede,a(ter deductfng theretrom all costs and expenses mcurrea by u in connuction w+th such Proccods,upo�8ny -
<br /> indebtedneas secured hereby and In such order es Lender may determine,or to apply all such P►oceeda,after such deducllons,to �W��
<br /> �� . the resto►aUon of the Property upon such condltlons as Lender mey determine.Any appBcat+on of Proceeds to�ndebtednesa shall �181y__.
<br /> � , not extend or postpone the due date of eny payments under the Note,or cure any delault thAreunder or hereunder.Any unepplfed
<br /> � lunds ahall be peid to Trustor.
<br /> � 8. P��lorm�nc�by L�nd�r.Upon the occurrence of a�Event oi Qetault hereunder,or it any act 1s teken or legal proceeding
<br /> � � •, commenced whfch materlally atfecta Lender's interest�n Ihe PropeAy,lender may in its own dlscretwn,but without obllgation to do
<br /> t ' � � �� so,end wlthout notice to or demand upon Trustor and w�thout releasing Trustor from any ubllgation,do any act whlch Trustor hae ��_Wa��,,,,.
<br /> •• egreed but fefls to do and may also do any other act it deems necessary to protect the securlty hereof.Trustor shall,immedietely �..
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<br /> upon demend therelor by Lender,pay to Lender ell costs and expenses fncurred and sums expended by Lender in connectlon with , .`�,�_
<br /> , the exercise by Lender of the loregoing rignts,together with fntereat thereAn at the detault rate provided in the Note,whlch ehall be � ,�:
<br /> • added to Ihe indebledneas secured hareby. Lender shall ��ot �ncur any Ifebdfty becAUee of anything it may do or omlt to do __
<br /> h9►BUfld6f. ce.,,..�..- .
<br /> �' 9. H�sardous Matadplt.Truator shall keep the Property in compliance with all applicable laws,ordmances and rAgulationa �r_LL�:;�;._
<br /> ' relating to industrial hygiene or environmental protecUOn(collecUvely reterred to herefn as"Envuonmental Lawa").Trustor ahall .� :-��
<br /> ' keep the Property Iree Irom all substances deemed to be hazardous or tox�c under any Environmental Laws(coltectively relerred to ��.'=�,. --'
<br /> • �� ' hereln as"Hazerdous Materlals").Trustor hereby warrants and represents to Lender that there are no Hazardous Materlals on or ! __
<br /> � .• ��' under the Prope►ty.Trustor hereby agrees to Indemnfly and hold harmless Lender,ds directors,atticers,employees and agents,and __
<br /> • ' any aucceasora to Lender's interest,Irom and against any and all claims,damages.iosses and i,ab�lities ansmg in connectlon with __
<br /> the presence, u�cs,disposal or transport of•any Hazardrn�s Matenals on.under,from or about the Properry. THE FORECaOING 4. . .,_�,_. �
<br /> WARRANTIES AND REPRESENTATIONS.AND 7fiUSTOR'S OBLI(3ATIONS PURSUANT TO 7HE FORECiOIN(3 INDEMNITY,SHALL i
<br /> � SURVIVE iiECONVEI�ANCE OF THIS DEEO OF TRUST. � ,. • � _ i
<br /> q 10. A��I�nm�nt ol R�nl�.Truator hereby assi9ns to Lender the rents,issues and prof�ts ol the Property;provided that Trustor , �Yy
<br /> shall,until the occurrence ol an Event of Oefault hereunder.have ihe nght to collect and reta�n such rents,issues and profits as they
<br /> � become due and payable.Upon the occurrence o1 an Event of Oefault.Lender may.e�ther m person or by agent,with or w�thout
<br /> .i bringing any action or proceeding,or by a recerver appointed by a court and wdhout regard to the adequacy of its seCUrily,enter
<br /> upon and take possession of the Proporry.or any part thereol.�n�ts own name or�n the name ot the Trustee.and do any acts whfch li ,
<br /> deems neCessary or deslrable to p�eserve the vnlue,marketabil:ty or rontebdiry of the Property,or any part thereul or interest thereln,
<br /> • Increase the income therofrom or protect thct secunty hereol and, w�th or wdhout taking possessio�of the Property, sue lor or
<br /> olherwise collect Ihe rents,Iss��es and p►otits thereol.�ncludmg those past due and unpaid,and apply the same.less costs and
<br /> expenses of operallon and c�lleCtion inctudmg attOrneys'(ec+s.upo��any indebtedness secured hereby.all�n suCh order as LendOr
<br /> � may determme.The entering upo�and tak�ng possession o1 the Property.the collection of s.�ch rents.�ssues and profits and the
<br /> . applicaGOn thereol as atoresa�d,shall not cure or wa�ve any dolault or not�ce of default hereunder or invahdate any act done m
<br /> , response to such default o►pursuant to suCh nouce of de�ault and,notwdhstandmg tne conhnuance m possess�on ot the Property o�
<br /> the colleCtlon,rece�pt and eppl�cat�on o��ents,�ssues or prolits,and Trustee and Lender shall be entitled to exerCise every ngnt
<br /> , .; provlded lor m any of Ihe�onn Mstruments or by iaw upon occurrence ol any Event ol Deta�lt,mclud�ng without Iim�lBUon the nght
<br /> t0 @xerCise the power Of sale.Further.Lender s ngl�ts and remedies under this paregrpph shall be cumulatrve with.and in no way a
<br /> Ilm�tation on,lender's r�ghts and remedies under any ass�gnment of�eases and rents recorded aga�nst the Proparly.Lender,Trustee
<br /> and lhe recerver sh�ll be liable tu accounf only lor those r��nts aclually rece�vetl.
<br /> 11. Ewnb o1 DelauN.The followiny shuil Conshtute an Event of Oefeult under this Deed ol Trusl:
<br /> (e) Failure to pay nny installment ol pnnapal o� �nterest of any other sum secured hereby when due:
<br /> _ _ __. . ...._n....a..�T...Qe .an�nl lho I nan Inat��iMPh1S Ar aflV
<br /> � (b) A breech of or delauu undo�nny proviswn w��ia���du�r�i�e C.:,,o,,��.............. ••-.-••- , - --- •
<br /> . othei Ifen or encurnbrance upon the P���perty.
<br /> � ' (CI A wrd ol execution or�ttoclimen�u�.u�y simil�r proCess shall be entered aga�nst Trustor whiCh shall beCOme a lien on
<br /> - the Property or nny pon�on thQreot or �ntere9t therein.
<br /> (d) There shall be Ided by ur;ig�ingt Trustur or Bo�rower�n action under any present or lulure�ederal,state or other
<br /> stetute,law or regulpt�on relalmg to bt�nkruptcV•�nsulvenCy or uther rel�el fur debtors.or there shall be appointed any Irustee,
<br /> �� reCerver or I�qwdetor ol Trustor or Borrower ur ol all or any part ol the Property.or the rents.�ssues or profits thereof.or Trustor
<br /> or Borrower shall make any general��saignment Icr the benelit o1 Cred�lors,
<br /> � (e) The sale,tre�sler. (eese.asa�gnment.conveyance or further encumbrance vf all or any part ol or any�nterest m the
<br /> Property.e�ther voluntanly o� ���voluntm�ly, wdhout tne expross wntten consent of Lender: Urovided that Trustor shnll be
<br /> perm�tted to execute a iease of tno Property that dues not conta�n an uc�t�on�o pu�cnase and the term ut Hn�cn does not exceed
<br /> one year;
<br /> � (q Abandonment ot the Properry:or
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