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<br /> ,� 1B. YAxLQ AtJD 6139Cf9l:tEtJT3. �rcneor ehell pay all texea and noseasmente relatlnb to Property when due and Immadlataiy provido Lender
<br /> ovldonca of��nymont o}camo. Up�on tho request o}londer,GrniP�hall doposlt witli 4ondo�oaoh month rn�o•rxo111h(1/12)o}tlio oatlmntcd annual
<br /> Ineurenc9 pr�mlum,taxa�and a�.osamon4a par4olnlnp to tho Pro . 30 lonp ao thorn I�no dcfnult,tP�o��arnounto chnll b�nppllcd to tho pnym�nt
<br /> o}taxea,tes�eornente wn�Inourence es requlred on the Proparty. In the evant o1 defeull,Lender ehall heve the riplit,at Ite s�la optlon,to apply tho
<br /> a, (unde eo hrid to psy�ny texoa or epalnet the Qbllpatlonu. My tunde eppllc�d may,at Len�er'e option,bo appilad In raveroo urder o}the due dato
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<br /> t0. IN9P�CTION OP PROPERTY, BOOK6, RECORD8 AND REP�RT9. Ot�ntor ehnll ellow Undu or it�afltnto to�xamine end Ine �ct the
<br /> Prop�rty�nd�xRm�n�,Imp�ot end m�ke copl��of Qrantor's book�a4d record�p�nelnln�p�o the P'o�erty tram tlme to tlme. �rentor ehnll provide
<br /> - � any safiptanc�requlr�e Dy�and�r far tn�as purpoa�r. WI 'vi i��'v o� s:ut;,a:.nC !n^ts......_R __..w,n�N In firRmor'e book��nd racorde shell bs '
<br /> . , �, pertein np to the Prop�rt�r, Add Uoaelly,daoln4o8 shsll r p r4 tl�n u to�rm catlMcotory�to Lender,�euch,bnlormatCfln a��lender m!►y�equ ei eae ain0 S
<br /> _,__ _._ �.._ ���_����,o y_���w�w�;;,�.�Q.�,ti.p{�nwrt, Th�InfmmaUon ahW 6�to�tuCh piilod�, oht�l n1Uat Orantor'e rscorde et euch time,and ehali be �. _
<br /> � rendon�with e�oh treqwnay ee Undir m�y deelpntte. All Iniormatlan turnleh�d by�rantor to unau snai n�trus, eccurasa and aump�ein iii dii •
<br /> rospeota,anA elpned Uy Qrantor It Lender requsate.
<br /> � R�•� 17. EBTOPPEL CERTIPICATES. Wlthln ten (101 days eft�r any requeat by Lender,�rnntor ehall dellver to Lender, �r any fntended tranefaree of
<br /> ,�,�M�,,�,� Lendar'o rlphte with respeat to the dblipatione,s elpned and acknowt�dp�d etntsm�nt epsaltylnp(�)the outetendinp balana on tne Oblipatlone;end
<br /> ; (b)whether ar�ntor poaaasa�a Rny ctalma,defensea,��t-0Ne ar counterclalme with reapeot to th�Obllpotlona and,If eo,the nature o}nuch cll�lmc,
<br /> d�f�nNa,4�t�offa or Count�rclUms, Orantor wtil ba conclu�lwty bound by�ny npr�sentatlon that Lender mny make to the intended trensteree wlth J�
<br /> rospact 4o thoae matte!o in the ovent thet Orantor teue tn provlde the requeated atatement In e tlmely menner. ,��•,�,
<br /> "+�' 1!. DEFAULT. Cirantor nhall bs In de}ault under thle Deed ot 7ruet nnd the Trustee's power shntl bocome operative In the event that Qrantor, �;y_
<br /> � { � Borrower or any guarantor of tho Qbilpetlons: ��""_
<br /> (n� falle to pay any Obllpatlon to Lender when due; ,.;•-
<br /> •y (b) talls to peAorm any Obllgatian or breaches nry werrant�r or covenant to Lender contalned In thle Deed of Trust or nny other present or future
<br /> t�. agroement; ;;��"
<br /> (o) deatroys,loses ar damagss the Peoperty In any meterial reapeot or sub octe the Pr� erty to eel:ure,conflsca�lon,or oondemnatfon;
<br /> " '�•� ;� d) seekn to rovoke,terminnte or othervvine Ilmit Ite Ilabllity under any punranty to Lender, k;��-
<br /> �e) diea,becomea lapatty Incompetent,Ia dlcsolvsd or terminated,becomea InaoNent,mckea nn acolpnmont 1or the hm�fit of creditors,fells to ��__
<br /> " pry deDte ae thty Dacama duo,filoo n peUUon under the(edsrai bankruptoy Iaws,ha9 en involuntary petitlon In benkruptcy fll�d In whlch arantor, �:�__.
<br /> , ,;�,,, �. Borrower or any punrentor Is nemed,or hae property taken under any writ or procese of court;
<br /> • ,: ,� , f) aliawe poodt ta bs uaed,trinaported or ntored on the Property,the�aseaslon,transportaAon,or use of which,Is Illepal; �'r+1.».
<br /> �g) allowe eny p�rty other than Qren4or or Borrower to nsaum�or undert�ke any Obligation without the written conssnt ot I.Ynd�r;or c.
<br /> (h) causea Lendsr to deem Itseif Inaecure due to e elgnificant decline In the value of tho Proporry: or If Lender, In good falth,for eny resson, � _.
<br /> - betievea tnet the prospect of paym�nt or p�rtormance Is Imp�ired.
<br /> ��', 1p. RIOHTS OF LENDgR ON DEFAl1LT. If there 15 a dofault under thla Dead of Truat,Lender shN1 be entitled to exerclee one or more of ths _
<br /> ;= y��. �� tollowing remedlss wfthout noUce or demand(except as r6qulred by law): -_ -
<br /> � � � (a) to declare the Obllgations immedlately dus and paydble In tull;
<br /> (b) to collect the outatanding Obtigatlons with or without roaortinp to Judiciai process;
<br /> � (a) to require Orantor to deliver and make avalinbte to Lender nny pereonai property or Chsriels oonetitutln�the Praperty at a plRCe reasonnbly
<br /> � conventent to Grantor and Lender,
<br /> ` (d) to entu upon and teke posa�ssion of the Property w(thout epplyir�g tor or obtalrting ths app9lntment uf a ncs(ver and,at Lsnder'e optlon,to
<br />°�;=,...��cah•� eppoint a receiwr wlthout bond,without firet bringing nuit on the Obligationf nnd without othsrvvbe meeting eny atetutory conditlona re8rrding
<br /> • � recelvere,it belnp Intended thet Lender shail have thia conVaMUaI riphtto appoint e recalver;
<br /> ��1��� (e) to smptoy a m�nayiny aye�ii�����a PraFcdY:rd!et�':=°�^••,•�+h"'tn rmstee's own neme, In the neme of Lender or In ths name of _
<br /> �,��,> ;�i: °
<br /> ��•_�� (3rentor,nnd receive the rsnta,Incomas, lasuas and profita of the Propertyr and apply the eam�,n4ter payment ot all neaaeary cnerQea ana
<br /> .� '.""'': expenaee,on ncoount ot ths Oblipationa;
<br /> . � ''r""'"�; (f) to pay any eume ln eny form or manner deemed�xpediont by Lendet to proteot the eeCUrity of this Deed of Trust or to cure any default other
<br /> `� `'�` '`' than payment of Interost or pdncipal on the Obllyatione;
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<br /> -��•'y�_ (g) to torsclose this Oeed of Truet Judlclaliy or nonJudlcltUiy and to direat the eate of the property through exerdse of the power o!eale ns
<br /> ?,-r���j"'+�'� nferonced in parspraph 20 he�eot in ncc:cordance with nppllcabie law;
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<br /> -_.-,���;t,� (h)to aet-0ft�r�ntoPs Obllgetlone apainst any emount�owed�rantor by Under Including,but not Ilmited to,moNes,Inatrum�nta,and depoa t
<br /> . ��`- account�maintain�d wlth Lsnd�r or rny cur»ntiy exlatlnp or futuro nffillats of L�nd�r;end
<br /> _—=n;�y�� Q)to axerclae eil athsr dphta avaliable to Lend�r und�r eny other wrltt�n�yrMm�nt or�pplictbls I�w.
<br />_- ,-:.,�•-r,� Lender's righta nre cumulativ�ebd WA yo}�x��ud ment�amedypn an�ect on epalne tQtnntor�0 anto�wahvsa the p atlop�ot any bond whichl mlpht
<br /> rsoovery of�ny of ths Property y Y P 1 fl
<br /> 1-.-��� othsrwiaa b�requlnd. Lsndsr or Land�Ps deslpnee may purehase tho Property nt eny eale. Proce�de o}nny Trustee'e sat�h�round�r shall W
<br /> -�"'_="'=°'� appU�d flrst,to the coats and exp�na�a of sxercining the power ot sale and of ths oale,includinp the payment ot the Tru9teob fss�aatu�liy Incurnd
<br /> ` =�� end not to exceed the amoun2 whlch mey be provided for In this Deed of Trust,second,to payment ot the Oblipatlone aeCUred hetYhy,thlyd,to the
<br /> '-�'---.- payment of)unlor tmet deeda,mortgagea,or oth�t Iimhold�re,and ths balence,Ii nny,to the person or persons Iepnliy enUtied th�roto. Tho prop�rly
<br /> ---- or any pnrt thsreo}may be notd In ons parcei,or In nuch parcele,mannsr or ord�r as Lsnd�r In Ns sol�discretlon may elect,and one or mon
<br /> �v��,�� sxerclsea of the powet hsreln pruntsd thdl not extinpulih or sxhauat the power untess the entire property Is sotd or the obllgaUorte are pald In full.
<br /> 20. TRUSTEE'S EXERCiSE OF POWER OF SALE ON DEFAULT: Upon defeuit by Grantor In payment of nny Ob1lgnUons secured h�reby,L�nder
<br /> -- - - -- may d�ctaro all sums secured haroby Immedlately due and payabte end ehAll causA to tre flled of roaord s wrltten notice of default end eleotlon to sell _. _
<br />- - the Propsrty, Aft�r the lapa�o}ouch time se then may be roqulrsd by Inw follawing rswrdatlon elther e a�v oN}or�ln s�pairate�parce�f and n such
<br /> besn plwn aa then requirsd by Iaw,Truat�e,without demand on(irantor,shall eeil auch prop�Ry,
<br /> =�°=�:�f order�a ft or Isnder may d�termins et publlo nuotlon to ths hipheat bidder. Trustee may poatpone thu sele of all or any portlon of the Pro�rty by
<br /> ---=-=_= publlo announoemerrt at th�time and plac�af sale,and from tlme to tlme thereafter may postpone the saie by publlo ennouncement nt the t me end
<br /> -- ptace fix�d'oy in�yiawdi��y puss�:.nama�t. 7�uKre eh�!!�+!Il�e!to 9t�rh nurchaser Ib deed conveVl(19 thtl property,or portlan thereof,eo eotd,but
<br /> - �� trut hfuin�a9 thareof.�My per�eon Includtng Cirantor�7rustee ar I.ender,may purchnse ai n ch sal�}faat ar otherwlas nhau be conciueive proof�ri ii�a
<br /> � 21. REQUEST FOR NOTICES: Qr�ntor nqueeta that e copy ot uny notice ot dsfault and 4 Copy of nny notice ot sate hereunder be malled to eaCh
<br /> �L-�° psraon who le n party heroto at the addross ot such pereon aet torth heroln ai tha samo tlme cnd In the 9ame manner roqulred ne thouph a sepnrete
<br /> '-�73-�� rsqusat thereof hsd b�en filed by sach such person.
<br /> 22. SECURITY INT[iiEST UNOER THE UNIFORM COMMERCIAL CODE. Thta boad of Trust ahall be coneldered a financln statement end a
<br /> .�;�-�;�..�'`��� fixtur�llltng purouant to th�provlalons o1 the Unlfarm Commerctal Codo(es adopted In the atete whero the roal propeRy Ie located�eovedng fixtures,
<br /> - m�?e��� - ch�t!ds,end erticlea of psroonal propsrty now ownsd or hereafter attached to or to be used in conneolion with the F�op�rtfr topsthsr wfth any nnd WI
<br /> -�`v�*?;`,'� �= roplecemente theroof and additione theroto(the'Chattels'�,and Grantor hereby grents Lsndsr a security Intereat In such Chattela The debtor Is the
<br /> - '`�� Orantor described nbove. The secured party le the Lender described nbove. Upon demand,Grantor shnli make,executa and deliver such eecurity
<br /> _ �;�=n`:.�. eprssmente(e�n euch term Is dsflned In said Unlform Commerolal Code)as Lender at any tlme may deem neceasery ar proper or required to grant to
<br /> Lender a perteoted securtty Interest In the Chattete,nnd upon Orentor's tallure to do so,Lender ie authorlied to slpn any euch egreement ns the egent _
<br />;r'��.��'. �'ri� o}(3rantor, Grantor heroby authorixea Lender to file flnancinp etatemsnte(as euch term Is defined in sald Unitorm Commerclal Code)wlth respeot to
<br /> the Chattele,nt any time,without the eignature of Orantor. Grantor wtll,however,at anY time upan�equest of Lender,slgn sush flnRncing stetementa.
<br /> ' �` Grentor wlll pny sll tttlng tee�for the flling ot auch finnnclnp etatemente and for the retllinp thereot at the tlmea raqutred,In the opfnlon ot Lender,by —
<br /> _=- � � �.� . eald Uniform Commerclal Code. H the Ilen ot thie Deed of Trust be subJeot to nny security agreement c�vering tho Chattels,then In the event of eny �.:
<br /> - �� with the benefit'ot eny depoel e�or�paymente�eow or�hereafte rmade thereof by Or�entor or the p edeceasora rorhsuccessore In titie ot arantor8n the c��
<br /> i-='
<br /> :��,- - Property.
<br /> 23. HEIMBUR3EMHNT OF AMOUNTS HXPENDED BY LENDER. Lender,at Lender'n op�lon,msy expend tunds Qncludlng attarneys'feea nnd legal
<br /> expenaes)to pertorm any aot requlrod to be taken by Grantor or to exorclse nny right or remedy of lsnder under thle Deed of Trust. Upon demand,
<br /> � arantor ahall Immedlately relmburse Lender for all suc 1ama�nta expende�b�Len�e�m.git�nui t�he�date o!t elmbursemont These aume shall be
<br /> ---_ ....-`- -' 08SCfIbEO Ifl BtIY UDIigation or ine i�iyi�ooi iam o�....w.%i..... ..-...-.-_� _. - .
<br /> .,• �'R_ ; Inclutled In the detinition o}Oblipatlonn hereln and ahail be sacured by the benet�cisl Interest granted horoln. II the Obllgatlons are paia etter tne
<br /> bopInnlnp of publlcatlon of n�tice ot sale,as hereln provided,or In the ev�nt Lender shall,ut Its sole option,permlt Orantor to pay any pnrt of the �
<br /> Obligatlons nitar the beglnnln�oi publlctttion of notice of sale,as heroln provided,then,(3rantar shall pay on demand all oxponaos Incurred by ttio �.
<br /> Trustee and Lender in conneot on with sald pu611cation,Including reasonable attomeys'fees to tho attorneya fnr the Trusteo and for the Lender,and a
<br /> ' reasonabte tee to the Trustde,snd thls Deed of Trust shall be security tor nll such expenses and feea,
<br /> 24. APPLICAYION OF PAYMENTS. AI�paYmente made by or on bohuli of Grnntor may be appliod sgalnst the emounta pald by Lender pncluding
<br /> - nttornoys'teoe and tegat expeneea)In wnneotlon wlth the exerclse of fts dghta or remodles descrlbod In thls Qeed�t Trus4 and then to the paymont
<br /> - of ihe remalning Obligatlons In whatevar order Lender choosea.
<br /> �� 26. POWER OF ATTORNEY. �rantor hereby appolnts Londer ea Ite attomeyIn4not to endorse Grantor's namo on all Instrumenta and other
<br /> documenta pertalning to the Obllgntiona or poed of Trust. In additlon,Lendo�ahall be entitled,but not requlred,to perform any sotlon or exocute any
<br /> dooument requlred to be tnken or oxocuted by Grantor undar thie �aed of Trust. Lender's peAormance of aucii aatlon or execution of such
<br /> - documenta shttii not relleve�runtor from nny Obllgatlon or curo any�efault under thla Deed of Trust.AII powere ot attorney descrlbed In thle Deed of
<br /> Trust are coupted wfth an Interest and aro Irrevocabie. y
<br /> •' dlsChBt�ged wii�h fu�nds�dvanced by Lendeeregerdless ofbwhethor�thoaeele sh ecurity Int resta or otherrencumb once8 Bave been released ofinecord.
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<br /> � • LPNE011C (41 FormA�ion Tochnolople�.Ine.�0/20/85) (8001 D37•9789 Pago 3 of 6 � !
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