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<br /> , 6.OFi96 Fil�s No. d:17 , .. -
<br /> � �-° ��''��'" `'
<br /> ag,n�d tt�t if upc�ro an Event of Default Benefitiary shoulci proceed to dispose of such�xc�x►rt�r in `';�;
<br /> accordan��with the provisians of the UCC, tcn (10)days n�tice by �eneficiary to T�ustr�r shall k��r ';�
<br /> rjeemed fo be reasa�able ndice under any provision of the UCC requirinR such no�t(ce;pr�xrie�►d, ':
<br /> fsc�wr.vetr,ti�t Ben�ciary may at its r�ption dispnse df such praperty fn accArdance wiih 6eneflr.iar�'s ���
<br /> rights and remedies with respec.�t tti the real property puauant to the provisions of this!]eed of I��st,
<br /> in lie�of praceeding under the UCC. ,.��
<br /> Trus�or shall give advance ndice in writing to Beneficiary of any proposed chan�e in'frus,hx's �;:
<br /> name,identity,or business form or structure and will execute and deliver to Bennfic:iary,p�ri�r t�nar.
<br /> c:on�utre+itiy writh the occurre��ce of a�y such change, a!! additianal financing statemen�� that
<br /> . Benef'K:iary may require to establist�and maintain the validity and Nriority of Beneficiary's securit�t '.
<br /> interest with respect to any of the Mortgaged Praperry describeci or referred tcs hernin.
<br /> Son�e of thte itNms of the Mortgaged.Piroperty clescribed herein ar��wds that ar�oe arn t�a, �
<br /> become fi�res rel�t.�d ro the Prope►iy,anc�it is intended that as ta thc�se gab�ds,.this D�etZ�af Trws�t
<br /> •;;.
<br /> � ��;:.';�; _�-.�.�.;,.:.,��Snsr�bcs����::r�t,rt 2s�f�ne fl��!g.hnm r_hp�a�?REji���s':tina far.recnrri in,� . �.,,, _
<br /> the rea1 estate records of th�c�unty in which the MortgaBed Propercy is.si�e�.��d.� iniorm�ii�J��: ::
<br /> canceming the security intere�'t�neated by this instrumeni may be obtafnec�fi�r.�m Beneflcia�i;as. :_ :;:;:�'�`
<br /> ' sec:ured party,ac che ac�dress of Beneficiary stated in Section 6.OS of ihis Deed of Trust. Thc:maiHr+�. •'`
<br /> address of Trustor,as debtor�i�'as siated in Section 6.05 of this Deed of Trust. ��,'��.
<br /> . ��� . •� . . Trastrxh+am w�arrant��;: �r'�.,. �
<br /> .;n+��tion 4.02. � � �' .
<br /> represerrt3 and c�;r�r���ants,witl�respect to the Personal Property,as fullows: ..
<br /> . ,.
<br /> , .,.. . .
<br /> (a� '" ' exoept:�.ar.�the security inberest�artt�hereby.Trustor+a,and as to any of ti�ks.• .,;'.
<br /> ,_ � �;��,al PrrYx►xty m!���rquired aker the clate l�ereof will be,th�st�lt�.p��iner�06 tF�e P�so►►:�h: ,:�;� . ... - -
<br /> � . . . . .., .
<br /> :�'�;o�erty,free frorrs arey��dve+se lien,security ioterest,e�ncumbrance ar.aai'r,T�c�e dabms d�erain��;::,,.�,:::,;:�4i.
<br /> . af any�kii�d wF�atsoever,exoept f�or Permiued Encumtxarx.�es. Tnat+x wil(�atify '. �►���.:•.,`'���'�,�5;,. —
<br /> .. and wil�i�frtl�+�'nd the P+erso�al Prop�+t'�+aga st, proh + `,i�;;ti;��•
<br /> in al! ibited claims ana dsrnarii�s uF��##,i:r;iC�sq,n�+'..:�; ,,,,�
<br /> .. �;�3c�ny ti�'�laiming the same or any interest ti�ere+n . ., '':�;�:;;;�'��'i�� ' ';�`�';,;;��
<br /> ; �.� :� il�;,;i�i.. :�;.5:' :�•.:"
<br /> . . �' .� •:• � ,,,,,,.,:(, : _.
<br /> . , ::'.:�,.t�?;!:•i'����t. � �. , _,
<br /> •., � .,.
<br /> {b). 7rustor will not Icase, se�l, convey or in any manner tr�,�iiis��;��te�t;�rscM�itri�,'�;��.
<br /> � Pn�c�ty itt�.''e�Pt Peaorwl Prope�ty transierred in the adinary ccwrse af busines�'���;�+��i+teci;E
<br /> k�y pe�cirtai Prq�etly qf�a similar natu� a�d havin�at Isast the same v,s�l�e As fl�a`�'e�:wnn��l�� �
<br /> Prnpeety replxed)i�w�#(racwt the pric�r wriur.n consent of Beneficiaryl: :':''�'�';1 ���s
<br /> � ;, .
<br /> (R��„ the Persanal Prc�x:rty is not used a bought�far-personal;'i"armily orhrw�+ehitid
<br /> , � p�'P��,';
<br /> , (� the Persanal Pn�ty will be kept cx�or at the Prr�perty and Trus�,will!hcii�� .,:.
<br /> 'refr� th� Persooal Pruperty from the Pmparty wlthaul the privr�w►ilt�tn�,�a�ae�t��a;fct�,�:,:.:
<br /> . ,.��.lp'!-C
<br /> Ser�ficiary,except auch portirxis ar�tems of��rsonai Prop�rty which'ane co�mum��!'HVE,�a��r�'�'���
<br /> . out in or�llnary uxage,all of which si�all be promptlY reptaced by�'rustcsn wiih�n4zwr��tairl'��ti1F
<br /> equal or greatarquality;and ' �:'`'
<br /> � , ���
<br />= �e) � all�c�venants and:obligatio�s af'frustcx.contn�ir�ac���likii`��dn �el�lting,�.tu��tljl�• .::•
<br />_ �.:•�,. Mortg�aaed i�rnperty shail�ba�d�iem�d to appty Zca the P�rsooai f'ro�tY.'.��if�tltFr:��oF�:r►at
<br /> ,..�,..,
<br />� :��:;.,=� exp�ss�!!'�!ferred ta he�ein. , . . � r''�.
<br /> f � ' . . .. . ,
<br />" � AR'1'Kx:��V�� �' . ;' � �
<br /> _ . :;;:
<br /> - .,. . �.;� . - .
<br /> = �� " � � `�;�;;:�:�YEJ��S2�.�A,�Jir���acs�rot�t t�F���T �
<br />_ .��',1`` Sect� 5.Ut. ��. The occwrence of any on�or more�the following sF�fl
<br />� constitute an Event�f Defaul#�hereunder:
<br />_�
<br /> i
<br /> i._ ._ _ . .. . �a) failure by Trusior to pay within ten(10)days of the date such payment is due
<br /> ,; � and paya6le,except wlth respect to th�f na)payment,for which there is no gr,racE periad,C)
<br /> • �7ny payment of principal of or interest on ifie Pmmisscxy Note or(ii) any other sum duc
<br /> thereum�or under any oth�r Loan Document,togetfier with iniere�t tfi�eon;
<br /> (b� failur+e by Trustar ta�unctually pe�farm ar absc�rve any ccwenant cx`agreenx�t .
<br /> cant�incd in this�he�af Tnest(cxt�e+'tl►arr the mor�etary c�blig,ations described in subparag•aph
<br /> ' (�abc�ve)and such f,ailure shaq�ot have been tured within cfiirry(30)days aRer written nocice
<br /> from Beneficiary of su�b failure;
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