|
, .
<br /> �'tn(I.� ... . .. ;. . ._.
<br /> �
<br /> _„ ..
<br /> ..._ .. ' • ,• •-'-"-...
<br /> ._ _. ... . . .. .. .. . . ..
<br /> `Y�L.: •. , :�::!� ��r.•, ' ,-.....�
<br /> :.n � ,� -� 'iM'ra,e%-n�
<br /> n ..yl�ilj�7'_�r - , .. .. . „ . •��:.71�M. Ue' '-^.i '
<br /> ...
<br /> . . ' _.
<br /> �. . - ,�...�:+:.-..v..Y,r.n:�•,:. ..................—•_.'--.... ..........---.._... .. . ____. -� �/.�:`�'
<br /> ..
<br /> ..... .. .... ...."__""' �
<br /> _. .._.., ""_""'__'-_" �
<br /> ..._.. . • .J�_' .
<br /> k _-
<br /> � ____".`- _
<br /> �jl���uW..r'__ .
<br /> (� �� uthoritop to oxocut3 und perfGrm Rc Q511fletione unda�thla Qeeh o1 Traet nnd theas octlono do not and �j ,�`Tr `
<br /> (d) Qranto�� a r�t�a�fR!T;�t7�i�y7h
<br /> ehall not con111ct vilth tho provlelono of nny otatuto,ropulatlon, ordlnance, rulo of law,cantraot�r othor nproomont vihich mny do bindin�on
<br /> t3rentur at any time;
<br /> (�) Na�Ct►on or procsedlnp I8 or ehall be psndlne or threataned whlch mlpht materlally af(eot the Prpperty;an
<br /> ureuant
<br /> ' Ilmitt�d to,thoae povaml�np Heinrdoule Matsr�ele)whlch tmlpht mat�r�laily n1t clt ths Praperty or�,LenAer'e�Iphte or Inte er st n the�Properiy pbut no
<br /> to thls D��d of Truet.
<br /> 3. PRIOR DEEDB QF TRUBT. Orentor nproa�nt�and wernnts that tha�an no prlor d��d�01 tru�t�fl�otlnp any part ot the Property exupt ao se
<br /> � then l�ranto�apr�e to p�yea�tnm un�p�aTa�t�1�(N�'��o�rm ell obllflet�o et equlred under such d ede�of trust and�the indebt dn6esl secu edythereby
<br /> ------'L� ar.d!urt.h��:f!'"*n,�t a defauit undsr eny pflOr died o}truet shell he s default under thle Dud oi Trust and shall ontltlo Londor to nu rlphte and
<br /> ... . ...... - •�•-
<br /> —'--`--. ._
<br /> rsm�dles conteln�d harsin or In the Qbllpntlom to whicn i.ender wuuiu u���iu�1��{i{:r��:Rt 0}Qfl�Mh�� •au .
<br /> �.:�=�`� 4. THAN8FER8 OF THE PROPERTY OR BENEFICIAL�NTEREBT9 IN atiANTORS OR BORROINBRB. In the event of a sale,conveyt+nce,uese,
<br /> , ,,,,,,w contraot far doed or tra�s4er to any person o}ell or any p�rt of the real propeny descrlbed In Schedule A or sny interest thereln,or ol eil or nny
<br /> partnerehlp,t�u�tt ot o hep lepn�entitylt Le�ndermayeet It�optlon d c atre the outspa�d np prP clpal balence ot theQObllpatlonetp ua18ncicrued nte�raat
<br /> thereon immadlately dus And payable. At Lender's requeat,Orantor or Borrower,as the caae may be,ehnll furnlah a complete statement eerilny tprth
<br /> •' nll 01 its stockholdere,membero,or partners,ae npproprlate,nnd ths extent of thelr reapaotiva ownerahlp Intsresta.
<br /> � i b. ASSIGNMENT OF RHNT8. In consideretlon o9 the Oblipttlona,which ars aecured by this Deeci oi Truet,Orantor ebsoluteiy saelgns to Lender all , �'. ..Yy
<br /> ` Qrantor's eatate,riAht,tltts,Interest,clalm and demand now owned or horeafter ltcqulrsd In all sxlatinp and future leaasa o}ths Prap�rt5�pncludin0
<br /> extenalons,renewate nnd aublstaea),all ayr�emmta for use and occupanoy o}th�Property(nll such leaees snd aflraemants wheth�r wr(mr+or orer, , ,� �._
<br /> .. iy.�-;�
<br /> . �� apht to collent and�r�e elvsDa I of he ent,,aln ome rocelpte�evenuss,Ieeues,rprotite end ofhe�lncome o}any naturehnow or hsroefter dua(ncludinp " ���'_
<br /> :. � '� :...__
<br /> any Income of eny neture comlr�a due durinp any redempllon perlod)under the Leasea or trom or arlsinp out of the Property Includinp minlmum '
<br /> • ronts,addltlonai ronte, psrcentty�nn�anrkl��8o,r'all�pfoaeds payabl� under nny palioy ofnsuranaeucova"c�°rsa ot ren e�reau�unprf om —
<br /> �'�'� Ilquidated damapes followinp defauit y � ��'~
<br /> ' untensntahtilry onusad by dsntruotlon or demaye to the Prop�rty,all proc�eds payable as e rosutt ot e lessee's exerclae o}en optlon to purchaee the s;��.
<br /> � .: � Prop�rry,nll proceeda dsrived from the terminatlon or reJecllan of any Loasa In a bnnkruptcy or oth�r tnsolvency proceeding,and all praaada from — �
<br /> y any riphta end clelma of nny kind whlch�rantor mey heve cpalnt is sub a to the�ipht power and authorfty plven to the rlen�er to�coliehct nnd c tio �'.'_'��
<br /> , ,� � heroatter collectively rotsrred to aa the'Renta'). Thle nssienms 1 � �._ ___
<br /> the Renta. Thls asslgnment Is rccorded In accordance with applicabte state law; the Ilen created by thls asslgnmerst is Intended to be ape ��-
<br /> . �� here fa no dsfauit undePth tOdliyatlona orthislDsed ot Trurst,I.snder gnnts Orantopa�ravocabtetllc nse to�Ilect a1lrFientartf om the Leasea hen �~_.,.
<br /> -,� • due end to use such proceeds in C3rentor's buslnes�operations. However, Lendsr may at any time requlrs Qrantor ta dsposit sll Rents9nto 1�n �•-.`l
<br /> �' accouni mafnttlned by�rantor ar Lender at Lander's Inatltutlon. Upcn default In the paymsnt of,or In the porformanoe of,any of the Obli atfont, —.P,�._-
<br /> Lender miy et Ite optlon teke possesclon o}the Property and hav�,hoid,mana�ps,I�ae�and operate the Property on terms and tor a p�rlod of tim�
<br /> ttentions,rreno ationa,Pepsl e otlropisaments to the Prop�rty as�Lendur may dsam p ope�lp.ender may apply ni Renta InaLende�r's sol�dtec etlon
<br /> • to ptyment of the Obupatlona or to th�payment of��h�lcal�y�and he�tmaesyem�nt and oe�er p o�n of he Properry�Lendee may kesp ths Prop�rry �M'"
<br /> uklnp and retdnlnp possesslon of tha Prop�rty p �_
<br /> properly Insurad and mny dlacharp�any taxea,charpes,c(nlme,esaaasms�ta end other lene whicfi may accn�e. The expena�and oott ot theas
<br /> , � , notions may be pald trom the Rente recelved,�nd any unpald nmounte ehall be sdd�d to the principal of the Obllpations. These amounts,toyeth�r
<br /> - .�.���;��.,a�.n►,�ms oart of ths Qbllgntlons eacured by thle Deed ot Truat. —"-
<br /> � p, LEAgEg AND OTHER A(iREEMENTS. Orantor ehall not taks or idl to tak�any aaaon rt nin to the Prope�In add lon lOrantor without
<br /> ' withholdln8 of sny payment In oonneatlon wltA nny Lease or uther eflreemsnt('ABnemsnt")ps fl b modHy my
<br /> Lendsr'�prior vrrittm cona�nt,nhdll not: (a)coll�ct any monlca payabl�under any Ayresment mon than on�month In aclvnnce; ( )
<br /> _ Aprwm�nt; (o)asaipn or dlow a Ilen,nseurfty Interost or other sncumbrancs to b�pinced upon Qrnntor's rleht�,titt�and int�nst in�nd to�ny
<br /> AprNm+nt or th�amounts payabls ther�und�r;or(d)torminate or oancel eny Aenamsnt exapt tor th�nonpayment of any sum or oth�r mat�rlal
<br /> � bnwh by tho oth�r pRrty thento. M f3rnntor recelw�at any tlm�my writtsn communication�es�rtiny a d�tRUlt by Qrarttor und�r an l�r�em�nl or
<br /> �;;,J, purportinp to t�rminats or canal �ny Agretmsnt, Gnntor ahall promptly forward a copy of such communication (and any wbteqwnt
<br /> • communlcationa relating thento)to Lender. All such Apresmente and the amounte dus to Grantor thsreunder nre hereby asslsned to Lsndsr as
<br /> ---a�=�--?.�� additlon�l e�cudty tor ths OblipaUOne. nduding,
<br /> ..• 7.COLLECTION aF INDEBTEDNESS FROM THIRD PAFIfY. Lender ehell W►�ntitied to notHy or requlre Orantor to notMy any thlyd party Q
<br /> but not Ilmited to,leaseee,Iicensaes,povsrnmentnl nuthorltles end Insursna companies)to pay Lendsr any Indebt�dn�sa or obllpatlon owinp to
<br /> � � . f3rentor with reepeot to the Property(cumulatively'Indsbt�dneas")whether or not s d�fault exiats under thls Deed of Truat. �rnntor shell dlllgentiy
<br /> :;'�.�.'�r� .�,,,. collrct th�Ind�btsdness owinp to�rantor trom these third partlea untH the pivinp of euch nottiication, In th�event thet t�rentar po�asss�s or reoslws
<br /> _:_ ,�i .;,� ' p oasesalon ot�ny Inatrumenri or othor remittnncea with reepeat to ths Ind�btddn�ee foliowinp ths pivinp of such notiflcatlon or H th�instrum�nte or
<br /> --:,�,�,,�,;,; otMr nmlttanaa conat itu te t F�pr�p a y m e n t o f a n y i n d e b t e d n�a s o r t h e p a y m�n t of an y Inourana or cond�mnatlon�roceede.Onntor ah�ll hotd —
<br /> ,,_��:�«rwR such fnatrum�n ts an d other romittancss in truat for Lender apert trom Ite oth�r prop�rty�sndoree th�Inetrumente an d o t her rem t tt a n a e t o L e n d�r,
<br />-�•�-••:,'.__.�� end ImmWl�t�ly provld�Lender with poassasion ot the Instrumtnt��nd oth�r rsmlttanaa. I.�nd�r e h�i l M en t i t l�d,but not n quirod,to collkt(by
<br /> �. .[:__�`�� lep�l proceetlln0s m otherwise),ext�nd the time for payment,compromlw,exchsnp�or relata�any oblipor or coltaUrsl,or othervvise eettle any of
<br /> -�•t�:-•�?,r the Ind�bt�drnas whsth�r or not an evsnt of d�fault exbri urtd�r thla Ayr�ement. I.ender shell not be Ilable to Cirmtor tor any�atlon,�rror,misttic�,
<br /> °,�;�.'° omisston or d�layp�rtalNnp to the actlons d�acribed Iro thla paraq�xph or any damnpea naultlnp therofrom. Notwithstandlnp ths Mrsyoln�,nothlnp
<br /> ' h�rein shall oaus�Under to be dNmW e mortpagN•in•po�astalon.
<br /> �: ,, : �ndi�tfa A Guntor ehalN not�commk or�permiTMaoy rwnaU to�be commlttsd�witha espsot to the Prop�ple rty.�Oranror sha Inuase the Prop�i�soNl�y Idn
<br /> . ...:c1�:.
<br /> '; •.�; ��:. comptianc�with�ppllcabte law and Inaurnnce pollcleo. (irantor�hall not meks any nit�ratlone,nddltiona or Improv�m�nta to ths Prop�rty without
<br />��'!'{��.=•" Lendsr't prlor wtitten consent. Wthout Iimttlny ths lorepolny,all elteratlonn,addlUone end improwments mnde to th�Property shali be eubJei.i to
<br /> - �" __ =��� the benoficial Int�nst Wlonpinp to Lender,shnil not bo wmav:,d tilthout 4..nderb prior wrHten conssnt,and ehall be meda st dr�ntor's eols exp�nea.
<br /> ` NH'� ., 9.L098 OR DAMAGE. Orer.tor ehall bsnr the entin rink of any tose,theft,destruotlon or dem��(eumulatlwly'Loss or Damep�')to th�Property or
<br /> ���R any po�tion ther�of from any ctuse whatwwu. in the wQnt of nny Loss or Dnmay�,(3rnn4or ahdl, nt th� optfon of L�nder,rspalr th�aH�cbd --
<br /> "'",!"`,'""`" Property to iri prevloua condltlon or pAy or cause to be pald to Lend�r the decreass In ths tnlr market vsluo of the aHsoted Property, �
<br /> '"�^ wlil be ke t Insured tor Ite tull Inwnbl�value (roplacement cost)n9elnet all hazarda Includinp loa or damaps
<br /> -:Y;x;�` -. 10. INBURANCE. Yhs Prop�ny P
<br /> ?'�' � caused by tlood,e�rthquaks,tornado and ffre,th�ft or other caeuuty to th�sxt�nt nqulred by Und�r, C3rentor may obtaln tneursnc�on the Property
<br /> � "� `�� trom such compames es ere scc�ptable to Lender in Hs sois dlacrotion. Th�Inaurena policles ahali rsqulro the Insuranca company to provide _
<br /> � � _•.:�: Lender with at least daya wHtten notloe betore such pollcl�s ar�altered or cancellsd In any manner. Tt�e ineursna policlee ehnll — _-
<br /> mms Under aa a loss payee end provlde thet no eot or omisslon ot G'n the�w ty0r ntopfa�le to ancqul s�r malnOaln�iniu�an�ee�Lsnd�=i(nft s �_
<br /> • � Incurance prooe�ds pertelNnp to ths loss or damege of ths Prop�rly �p___�
<br /> provldinp notics ea msy bs requlnd by lew)mny In Its dlscretton prxuro appropriste Innurence covera9e upon the Property and the Inaunnw coat — .l
<br /> �� ' eh�ti be an advana paynbl�and baarinp Interest as describad In Pnrapreph 23 and seoured henby. tirantor shall turnlsh Lender vnHh evldena ot ��';;�
<br /> + Insurana Indlcatlnp ths required covoraps. Lsnd�r may act as attom�ydnd�ct tor Gnntor In making end ssttling alalms und�r Insurnnce pollclsa, �:��-,e.,,
<br /> : � oancelllnp any polloy or endorolny�rantoPe name on any dreft ar nepotiable Instrument drewn by any Insurer. All such Inaurence policles shnll be �yr"'=,
<br /> Immedlately asslynod,plodpad and deiivered to lender as turther securlty tor the Obllgatlons. In the event of loss,Orentor shali immedlatety qlvo �.,;vT
<br /> :• t � Lender wriften no9ce and Lender Is authorl:ed to make proof ot Ioss. Each Insurnnce company is dlreoted to maka aymont�dfrecNy to Lend'r ..�'^:�LL
<br /> Inatead o1 to Lender and Qrantor. Lender shali have the rleht,at Ite sois option,to spply such monles toward ths Obligatlona or toward the cost of ,•.�� ;.
<br /> ' ' � rebuflding en d re e tor inp the Pro po rt y. M y amounb may at Londer's opilon be applled In the Inverse ordor of tno due dates thereof. ��°yf;r:_;
<br /> � 11. xONIN�AND PRIVATH COVENANTS. �rantor ehell not Initints or consont to any chanpe In tho zoNng provlslona or private covenants a Hec t ing q,;�.
<br /> � the use of the Propetty wlthout Lendnr's pricr wdtten consent. It drantor's use ot thb Property becomes a nonconforminp use under eny zontng �:s�.�
<br /> :. .; .
<br /> .,,
<br /> , , �" ; rovislon, Grantor shali not cauae or permit such use to be dlscontlnued or abandoned without the prlor written cwnaent of Lender. Qrantor w i - +:
<br /> -- P,�.,ue�.i�r,m�ide undar wt�h wririen notice of eny proposed chanpes to the zonlnfl provlslona or privato covenante allocting the Property.
<br /> - - - ' _=_� - ...... --•----•� - •..--•---'---�_......0 ... minnnf dnmaln r�
<br /> � 12. CONDEMNA7lON. Grantor shall Immedlately provide Londar with writton nonce oi any ecivai or sn�oo�o���...�.��..o���••..�-�-• °••°�•- -- - ,...-•�
<br /> �� , proceeding pertalning to the Property. All monies payablo to drantor from auch�ondemnntlon or takin are hereby e.ssigned to Londor and shali be •
<br /> �ndemnation orteminent domaln p�oceodings ernd theneat�the optlon ot Lender,to the pay�ment of the�Obllg tonsaor the ieatora ion or��epalrtot the ,
<br /> Property.
<br /> 13. I.Et�DER'S RIGHT TO COMFNENGE OR DHFEND LEGAL ACTIONS. �rantar shali Immedlately provide Lendor with writien notice o1 any aCtua
<br /> or threatened sotlon,suit,or othor proceedlnp aNeoting the Property. �rantor hereby appolnts Lender as im attorneyIn•faot to commence,Intervene
<br /> in,end defend suoh aotlone,sulte,or other IegAI proceeding�and to compromise or settie any ctalm or controveray pertulning theretu. Lender ehnll
<br /> not be Iisble to(irnntor tor any actlon, error, mlotake,omisslon or delny pertalning to the aotlons described In thle parngraph or any damngea
<br /> " resultlnp theretrom. Nothing contalned horeln wlll prevent Lender trom taking th0 actiana described In this paragraph In Ita own nnme.
<br /> 14. INDEMNIFICATION. Lendor shtli not aasumo or be rosponsible tor the performance ot any ot arantoPs obllgationa with rospectto the Property
<br /> under any circumstances. Cirantor ehall Immedlately provido Londer with writton noticro of and Indemnity and hold Londor and ita ehareholtJers,
<br /> dlrectors, oHicere,employcos and egento harmless irom ell cialms,damagas,Ilebllltles pnciuding attarneys'tees and Iegal oxpenses),causes of
<br /> "� aotlan,aotlons,sulta end other Iepai proceedfnga(cumulativeiy'Clalms`)pertalning to the Property (Including, but not Ilmited tn,those Involving
<br /> � Hazardoue Materlals). (3rantor,upon the request ot Lender,shall hlro lepal counsel to defend Lender from such Clalms,and pay the attorneys'teea,
<br />__ , legal oxpenses and other costs tncurred In connecUon lherewith. In the altemntive,Lender shall be entitled to employ its own Iegai caunsel to detend .
<br /> ; such Clalms at Orantor's cost. Grantor's abllgr�tlon to Indemnify Lentler under thls pnrugraph shall survive the terminatlon,release or toreclosure o;
<br /> ' I thls Dood of Truet. /1
<br /> Pnge2ofG—_ ��
<br /> lPNE6118 �'Fom�Albn Tochnologief.lna(U/20J95) 1000)bJ7•J7B9 �
<br /> i.
<br />
|