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<br /> � C�.�l:`•.�fi FIlc No. i3l7 _
<br /> � ����
<br /> In a breach qf a�ny law,cxder�rule, re�ulation,writ,ie�Jundia�or dec:ree of any cnurt or gravemmer�tal
<br /> authoriSy, or any agreement or instrumrnt to which Tnostor is a party or by which it ar any af its
<br /> pro�eriirs a��►wu���,�a��c���stiF.�i�s ur�+I{S ca��5dtu:�w dcfault thcrcrs�dcr,ar reru.h or v:�il!result M
<br /> the cr�ation Ur im�osition af any lien of a�ny nature whatsc�ver upon any of iis propetty ar assets
<br /> puauant to the terms of any such agreemesit or Es��rument ex�ep�t the liens creat�ed or permitted by the
<br /> Lr.aan Documents te which it Is a party.
<br /> Sectfon 1.28. �. This nee�d of 7rust and e�+c:h of the oth�r Lr�an Documents ta
<br /> which Tnistar is a party have b�en duly execut+ed and delivereri by Trastor and constitute vaiid and
<br /> , bin�ifng obllgatians uf Trustor,ersforeeable In�ocordance witS�their respective te►ms,except as the
<br /> �f�c►rc�eability(but nat ahe val(dity thereo(?m�y be limitecl by bankn►�tc.y,insolvency,reorganizatian,
<br /> r��ratt►riur�n ancl other similar laws affecting the enfarcement of�creditors'rigl�ts generally. _
<br /> Section 1.29. E�q�q�,�,I�itp11. �her�are no proceedings pemling or,fio�ft9��.lcnowlecl�e of
<br /> ;rustG<<�►seate��tu,a�issst or affc�iing fr�:�tor in a.^.�caud�r�fa�e��;•�t�+iernrrie�u?i aumcuiry or
<br /> • arbitration board ar trilwna{which if adversely determin�d would mahorj�9ly anc!adversely afi;�ct the
<br /> pro�erties,business; ��ospects; profiis or conditlon (financ�a)or athetwis8)of T�u�tr.►r or the righ�K or
<br /> � ability of 7rustor to enter into the Loan Documents to wht�F iQ is a paKy,and ff ara��;uc.h,proceedings
<br /> are subsequently ir�itiatecS a threntened tfien Trustor Y���11 promptiy provicfe rv►�itten not±� tu
<br /> Beneficiary. Trustcx i�not in tlefault with respec.�t to any c�.�de►of aay c:owrt or government,�l au�th'vrQtity
<br /> ' or arbitratian board r,�r tritiunal. , ,
<br /> Section 1,3�, ��ia�►,� �th �w. Trustor is in compliance with a�t,l7�vs, ordinarices, �
<br /> ' govemrroental ruh�or��ulations to wh9ch It is sub;ect,including,�fi��tixit limitati�n,t�e Ucrupationa)
<br /> . .. . . . -- - --- • - -. -._:�. �...:�.,. .� _�. e �_�<<:...:� - -
<br /> . Safety and�-ieatt�,�Ct�7y�u,me tmpiayee�ieriremenc mcwr�ar,v„-u�r��,r n«�f ��r�at�v mrra�a� -
<br /> � � ardinances,govemmMtai ►ules or regulations �elating t�es�vi��hr}i�in2���trate�Eiran the violation of
<br /> whlcin�►ka�,►Id rnatierfally and adversely affect the proptrit��s,`business,prospects;��yaivfits ar cc�ition �'���
<br /> (finar�9ai+�r oth�rwi�e)of Trustnr. ,
<br /> . Section i.�A:�. . ff 7rustee shall die,be di�solved ur#;ii�.�ort�e:
<br /> . ' iiisqualiR�d from a�t"rng in th�execution of this trust,or shal!fail or refuse to execube the sarr�wlten
<br /> �. ' � requested by Ben�ciary.to do so,or if,for ar►y re�sor+,B�ciary shalt prefer M appoint a substitute
<br /> T►ustee to�t ir�o�ei of Trustee n�med herein,�enef'iciary shalf have.�u!!power,subjcect to appli�able
<br /> ' . .. . law,to a�x�int,br�r v�lr`�,�t ir+strument,a sub�tih.�teTruste�e.and,if nec.rssary,seve.ra!s�bstituta Tnisoees
<br /> ' � irt si�ocessian, vri�,o��s�all succ�ed to all ti�est�te�, �ights,powers arrdr dutits of the original Tna6tee _
<br /> • namet�k�ein. S�ii�t►appointment may bp exexuted fiy any authorized agent of Ben�ciary,u�d,if
<br /> • �Ben�Fieiary is a corporabiar or lim+ted pa�tnership,arxl�uch�ppointment�'s sxecuted in iis bahalf by
<br /> any ol�fioerof suc,fi��cocporation ar grrx�l paitncr of suclv Ifmited putne�ship;wch appoi�tment shail
<br /> �;�,.., be oonciusively pr.�5ui�ed�o bp e�ce:c�uted v�i��aufhoriry'and shall be valid and sufBcf�nt wittrv�t}y�vaf
<br /> �:�� �'�' r�f arry adio�k�y thl�i�<,�iaard of dinet,iors or arty's'tj�ia�cer af'the corporation or fu�ther p�ti�;t'�1P
<br /> ' '`�"� action in the rvento�a limited partnership. � .�� . �,�,,;�
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<br /> ,` . . ,Sacxicx� IiWI�![��.$�d�it��X. Trustor shali rt�j�:#yy_o�e�ifitl,on r�i
<br /> 1.3?�, .
<br /> . ;�`';:;,, �.a�w a cxhe�wise,�a�j;.convey,aiienate,t,�r�;E�T,mo�a$e,encumber orassi�re owr�er5hip�ix?control ' .
<br />-.�, :,;:,,. of alf�r any patt of'•f��MoRga@a�i�'rc,perty:Ar��'rry interes,�theie+n,wittxwt the c.vri�Pt�of 9eri���a}Y•
<br /> . .;r:.; , .- .i �
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<br /> .��`S�ction 1.3�y. �il�.�!�l1E. �ny lea�e of a��'or any part of thr.Mlr�ttgsiged Property by ,.� ,�
<br /> . Tnustv�p�ermitbad;��ii�{er this Ueed of Trusi shall contain a provision obligating sush lesse�tc�eM�r�ind�
<br /> , a suba�diitafi�n,i�i'tt�rhment and nond+isiur#�nc:e ag�eement with B�x,�f'iciary,9n fr�rm arract s�r'bitar�e
<br /> satisfactay to Be�eficiary. :,':�.,•::S
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<br /> `Sectic�134. �Jpiotjil,�: Tru�or sha�1�provide Beneficiary,rii�:i�'ier ihan May 1 of
<br /> each calendar'y'ear. . �
<br /> (a) Tru�ar's annual�rat6ngstatement with respeet to the Mortgaged Prop�►ty for
<br /> . .L- -1�-�a._ ��__e�1.r _.�_ ._._...r...,.r.:..t�....a...e....sr....�.,..,
<br /> 1IlC1RIttICI]fAlCtr�CLCVtt���a:RtCittJatt�cai attva•a.tit�c�tt�������.�a�vaaacs�scr�a v� �.vv�...j .. .
<br /> (!�)� The current financial statement of Trustor;
<br /> tc? A copy of Trustor's iederal inCOme tax retum for the i�mediat�ly prececiing
<br /> � year;and �
<br /> (d) Su�h othex financial dptafl, infi�rmation,repo�ts and capies of tax rc�tur�s as
<br /> L�eneficiary shall require from timr to time with trs�w.ct ta 7rustor.
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