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<br /> '� 16, YAXEB AND A68ESSNlEtjV'0, Orantor ehall pay nll tnxas and aeses:mente rolatinfl to Praperty v���due und Immadlstoly provida Londor
<br /> ovldoncs of paymont of cs:nu. Upon th�requoat ot Lendor,Orantor ehell depoelt vilth Lender eneh month une•twolfth(1/12)o}the eotlmated annual
<br /> Inruranco promlum,toxn�and ns�o��mants portnlnlnp to 1hr�proporty. 60 lonp aa thoro le no detQUlt,tiioco nmounto ohnll bo applled to tho pnymont
<br /> ot taxeo,uusesomonto and Inourance ao roqulrcq an Iha Proporry. In�ho ovaM of dolnult,�ontJOr ohpll hnvo^ha rlpht,nl Iro colo ap�lon,to npply tho
<br /> tunde so hold to pey any tcucaa or agalrat ths Obilgntlono. My tundo o{sqllsd mey,et Lender'n optlon,ba applled In reveroe order o11he du�date ,
<br /> thtno},
<br /> � te. INaPECTtOtS OP PROPER4Y, BQ8lC9,REC0809 AND REPORTB, Qr�ntor �h�ll auow Lond�r or Its eponte to examins and Inep�at th�
<br /> ' ., P�openy nnd examine,Inepeoi and meke coplea of Orentor'e booke and record�ponalnlnp to th�Properry irom tlme to tlm�. �r�ntor ehali provld�
<br /> any aoN�t�nco requirad by Lender i�r th�s�purpous. Ali o}sh�elpnatuna�nd Intorm�tton contalned In Orentor'o booNe and recorde eliall be ,
<br /> • pmuin�, tru�,accurat�u�d corr�pioio In all roapGOio. (3rantor thail nota fhe attl�tence of Londer'e beneticlel Intereat In It� booko nnd ncord� �
<br /> pertslnlnp to the ProAerly. Addltlonolly,drantor shall report,In n form estietnotory to l.end�r,such Intormation a�Und�r may nqunt npudinp
<br /> _�_ prentor'a finenclal condltlon or the Proper4y. Th�;ntorrnntio��hall ba tor cuch parinde,Chr.n retleot �rentor'e rocords at such time,and ahnit be
<br /> `--` : ivn�iiri:u'wiu�au:.t ro�Ltnayr ca L..�rsdar mn,dee!�n�te. A!I lnM�m�Hnn furnlah�d by Qrantor to l.md�r�hQll b�trw,�ccur�te�nd comple�a In�u t
<br /> � •� � reepeote,antl el0ned by arentor If Under roqueete. -
<br /> -���•""'"` 17. EBTOPPEL�ERTIFICAT�B. Ylthln ten(10)daye nrier eny requeet by l.ender,arentor chatl dsliver to Under,or any Intended irnnfi�ns o} ,
<br /> ,�,,,���i Undsr'e righte vrith reipoot to ths Obllpttlone,a nlpne�nnd�cknowledpsd ttat�m�nt opecltylnp(a)the oul�tendlnp balence on ths Onllpatlena;and
<br /> i @)whether Orantor posaeanea eny cleima,defenase,sot-0tte or countercl�lme wlth rsapeot to ths Obllpationa�nd,Ii eo,the netun of sur,h clalme,
<br /> + defonses,set�offa or countsrcleime. arantor wlll be conclualvely bound by nny representetlon thAt Lender may mak�to the Intmdsd tranateree with
<br /> � ;l respect to these metteta In the ovant that Cirantcr falls to provlde ths requsat�d strtement In n tlmeiy manner.
<br /> � ' 10. DC•�AULT. Orantor ahall bo In defnuit under thle Deed of Truat and the Trustee'e power shall become operative In the event thaS�rnntor, . .
<br /> � � Borrower or any puarantor of th�Oblipatlons; ` ;?'��'mM:�'
<br /> � (a) fatis ta pay any ObIlgaUon to Wnder whan dus; , •i�..:.,:+
<br /> (b) talis to pedorm any Obllgatlon or brenches nny warranty or covennnt to Lender contnlned In this Deed of Trust or sny othor present or future ,;�;rQ=:
<br /> N � agroement; ' .��: '
<br /> (o) destroys,loses or damages the Property in any matorlel respect or aub�ecte the PropnAy to aelzuro,conflacatlon,or condamnntion; ,,,. , ,;r._�.
<br /> (d) seeks to rovoke,terminate or otherwioe Ilmit ita Iiabllity under any guaranty to Lender, •�_`=�
<br /> !�.� (e) diss,becamea lepally Incompetent,Is dissolved or terminated,becomes Insalvant,�nekos nn asslgnment for the benefit of creditors,faits to .�`R,�_,�
<br /> "+.°_� pay dsbte as they becoms due,filee a petiGOn under the federnl bankruptcy lawa,has an Involuntary petition In bankruptoy filed In which Orantor, ,,�;�`..
<br /> ` Borrownr or any puerantor Is namcd,or has property taken under any wdt or proceas of court: .":?"-
<br /> '� � (� aliows eoods to bo used,transported or stored on the Property,the posseasion,tranaportatlon,or uso of whlch,is IlleBal: �„tf•;�;
<br /> � (g) allows any party other than Orantor or Borrower to assume or underteke nny Obligation without the wrttten consent of Lender;or �_.�r`��
<br />.�; P rtY: 8 Y -�,F..4.
<br /> � • � � be�lie essti atthe prospeat of payment or performanca Ie Impalredecilne In the vaiuo of the Pro e or if I.ender,In ood faith,for an reason,
<br /> ��{,'}�` 19. RItiH'P9 OF LENDHR ON DEFAULT. If thero Ia a detnuit under thio Deec�of Yrust, lsnder ahall be enNtled to exercise one or more of the y�•"��-'�v
<br />- ��'��;�:• following remedlas without notica or demand(except as roqulred by taw): e�:*;�„�;�
<br /> '! (a) to declare the Obligatlons Immedlstely due end payable In tull; ���
<br /> ;��1 (b) to colleot the outatending ObllOationa with or without resoiting to Judlclal process; R
<br /> , (o) to require Carantor to detivar and make avallable to Lender any personai proparty or Chattels conet►tuting tha Proparty at a place reasonably {@�_=__
<br /> convenient ta Grantor and lsnder; _---
<br /> st. .. . � � ��� (d) to enter upon end take possesaion of tho Property without applyiny tor or obtalning ihe appolntment of a recelver and,at LendePa option,to ��
<br /> .l,� appoint e receiver without bond,without first brinpinp auft on the Obllgntiona and wlthout otherwiso meoting any atatutory condltione�eperding
<br />�• " ' rxulvere,It belnp intended thet Lender ahali have this contraatuai rlght to appoint s recelver;
<br />. (e) to smptoy e managlnp egent of the Property nnd let the ee�me,ei�h�r I.�N8t^9 8 h.�mae etter tna m nt off ell nec��saary chn pea a d
<br /> = Orantor,ana r�piv�me mrrn�ini�i�iee���i:en ard��a!...e P:o;._..,.n_ -,-�1, _._ _. . . Y
<br />_-, � exp�nws,on aocourn of ths Ohligatlona;
<br />' "_. ' (� to p�y�ny sumi in any{orm or manmr d��med sxp�dlent by Lemd�r to prateot the eecurity of thia Deed of Truat or to cun my defautt othu
<br />± � than paym�nt of Inter�st or ptlncipal on th�Obllpations;
<br />�:: ,..;y, • (p) to toncloN MI�D�ad of Truat udlr.ieliy or non udicisll end to dlroet ths eale o}ths propeAy throuph exercis�ot ths power of se�le ae _
<br />.�°°�. ' .`,�' nt�nnced in pu�praph 20 hetwf In acccordanc�wit�appllcyabt�Inw;
<br /> (h)to Nt�oM Qrantor's Obllpatlon��yalnst any urtounH owW Or�ntor by l.�nd�r Includlnp,but not Ilmit�d to,mani�a,In�trum�nt�,and dapotit
<br /> _�'� ':�r y� �000unr malntaln�d with I.�nd�r or rny curnnHy�xlstiny or lutun attill�t�ot Und�r;and
<br />-•�''�:?�'-� :� (I)to�uKCis�atl oth�r rlphte adl�bl�to Lend�r und�r�ny ather wdttsn�prNm�nt or applloabi�law.
<br /> _�1'"": ��'' Und�P�rights�u cumulative and may pe�xercisetl topeth�r,�epent�iy,and In any ord�r. In the went that Lsnder Inttitutei an�otlon�Nkinp th�
<br />�,,c,RT_"{� noowry of�ny W th�Prop�rty by w�y of�pnjudpmmt nmWy In an aotlon np�lnst Or�ntor,G�rantor walvu th�postinp of�ny bond whlch mlDht
<br /> oth�iwlf�b�r�quir�d. Und�r or L�nd�r's d�tlynN may purch�ae the Property at nny sele. Procaeda of any 7rustee'e eale hereunder shnll be
<br /> '=-,���+� �pp�pd flrn,to ffi�cott�and�xpmwt of�x�rcisinp th�pow�r o}csie and of ths 4a1�,Inoludinp th�pa ont of the Truates'e feee actually Incurrod
<br /> °����:� ;�� md not to�xo�ed ths smount whlch may bY provided for In thle Deed of Tru�t,second,to pnyment of hs Obilpatlona sscured hereby,third,to ths
<br /> -�=��L,"°�� payrtn�nt of�unior truat dMda,mortQnpea,or other Ilenhotders,and the belence,if eny,to ths peraon or pereons lsgally entiilsd theato. Ths propeAy
<br /> � or any paR Manof may be eola In om�nrcel,or In auch parcele,manner or ottler ea Lender In Its sote dlscreUon may eleet,nnd one or more
<br /> �..,:,� exercla�s of ths pr�wsr heroln prantsd ahall not extingulah or exhaunt the power unlesa the entlrs property le sald or ths obllpaUona ere paid in full.
<br /> r.z ,,,,:;-,-��� 20. TRU9TEE'3 D�RCISE OF POWER Of SAL�ON OEFAULT: Upon dsfauit by Grantor In peyment of any Qbllpntlona secured Neroby,Lendsr --
<br /> msy d�clar�ail euma e�cursd hsreby Imm�dietely due and pay_bts and shall cause to be tiled of record a written notice of deiautt and vieotfon to soll
<br />_ -°;;"r-�� th�Prop�rty, l�fnr ths iapss of euch time ne then mey be requlred by Inw tollowing recordatlon of such noflce of detauit,and notice of sate heving
<br />,:-�;,:r.� been pivsn a�then rsqulrsd by Inw,Trustee,without demand on Orantor,ehall aell such praperty,elther as a whote or In separats pnrcela,nnd in euch
<br /> �_�_�Y�+��at�� order�s it or lenddr may dstermins at publlo euctlon to the hiphest bidder. Trustea may postpone the salo ot nll or eny portion oi the Property by
<br /> ' ���ra� publlo nnnouncement at the time end place of sate,and from time to tlme thereafter may postpone the enle by publio ennouncement et the Ums and
<br /> ���"� plaCe fixed� the precedin postpon�msnt. Truete�shall deliver to 9uch purchaser ite dsed conveyIng th�property,or pordon theroot,so sotd,but
<br /> ---',`•'� witha�arsy scvart:.nt ar::flre.^.;:�::�teea er Implle�+ rhe recitats In such deed o}any mattere of faat or otherw'.ee shall be concluelve praof of tho
<br /> �.�r,u�__�._.:�''�
<br /> �-nr�� truthfulness thoreot. My pereon,Includinp Grnntor,Trustee or lender,may purchase at such sale.
<br /> - _�� 21. REQUESY FOR NOTICES: tirnntor requests that a Copy of any notla o}d�faWt and a copy of a.ny notice of enle herounder bo msll�d to each
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