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<br /> � fi.i796 File No. B38
<br /> �'��"' �l.�Ti�at�� —
<br /> it(s a paiiy. 7rustor ir.not in def�ull li)in the paymen�af any taxes levied or assesseci against it ar its
<br /> � �ssets, (il)untir�r arey applieable statute, rulc,ordr�r or regulation of any governmental autharity,(iii)
<br /> under this neeet of Trur�t or any af tit�other l.oan nrx:uments to which it is a party or(fv) under ar�y
<br /> ather agreemrrrt tr�which it is a�►..�rtY or by which it r�r any oi its ui�ope�+e;ar��;aur��1. •
<br /> N4ithen ttti�exect�tion and dt�fivery of this[]eerl of Trust or any of th�other Loan Documents
<br /> to whirriu'frustnc is a party,nor ttia consummation of tto�transaction herein or therein contemptated,
<br /> nor oqr�ral(�r�c�e with the terms ansi provisions hsrPOf on thereof,canflicts with or results or will resuit
<br /> in a L�raar.h� �f any of the terms, candRions or provisic�ns of any law, order,rule, reguiation, writ, _
<br /> inj�a�e�t��n or cli�cnee of any court.ar,gt►vernmental authar,�ty,er any agreemenl or instrument ta which
<br /> �'ru5t�n is a party or by which it or,any of its properiiFS nre bound,or c:onstetutes or will constitute a —
<br /> defai�lt;thn�r�e��roet�r, or results or.will�resuit in the creation or impasition of any lien af any nature
<br /> what�s�+ev�r u�z�� any of its pra��a�ty or zssets pursuAr�t ta the terms of any such agreement or
<br /> i►r,l�.tnrrrr.r��.except th�Ile�s creat�tl'or permitted by tite l.oan Docaments to which it is a party.
<br /> Se�tsc��a 1.28. Epf4�s�ll'11i1�.. 7his�eed of Tru�#:and each of the other I.oan Documents to
<br /> whir,h,Tructr�r is a party have been�duly exe�cuted and drelivered by 3'rustor and constitute valid and
<br /> tailr�iErn�oF:�}f�ti�ns of Trustor,enfotceable in accardanccc�with their respective terms,except as the
<br /> ertfrs�ea�illty(laut not the val(dity theraofl may be 19mited�by bankruptcy,insolvency, reorganiration,
<br /> inrra2mr.��arm ar�d other similar laws affecting the enfo��:ement of creditors'sights generally.
<br /> � 5PCtion 1.29. pendin�Litiastion. There are no pnc.�ceedings pending or, to the knowleclge of
<br /> Tt�u�tar th�reaten��ed,against or affscting Trustor in any cotiart or before a��y governmental aatharity or
<br /> ar�.iitratlqn bdai�or tribunal which if�adversely determinrrtl would r�+aterialllr and adversely affect the
<br /> �r��i��ties,bU�iness,praspects,pfo�ts or canditio�.(ftn�ncial or otherwise) ofTrustor or the right or
<br /> abilit"y of'fn.ts��r to enter into the l.o�.�n�Documents to wlitch it is a party,anci i�any sucn proceeamgs�
<br /> � are sulKe,ryuc�h7ly initiated or threat�r��cl then Trustor wil) promptly provide written• notice to �
<br /> � ` �:�°���: R$hrefician•. 7rustor is not in defaid��w:r;�sespect to any or�der of any court ar govemmencal authority
<br /> or."arbitratio�board or tribunal. " .
<br /> � . • 5ettion.1.30. S�pL`'1t1�.;��.�l�t. Tnistor ii; in cona,pfiance with all laws, ardinances,.
<br /> �r��mr�r�m�ret�l.rufes or regulation5 ta w�'sich it is subj�ect,inrludin�,�r�ithout limitation,the Occupational
<br /> .'a'eii?iy dina i'n?.aiii i�Cf��7��!4�a��r���m port.p�P�����rnmP Sec:uriry Att of 1974 and all (aws,
<br /> r�rrrulirnanr.es,govemmenta) r�les ar regulations relating in snviranmentai pr'o��tion ths violation of
<br /> whii�i��woul�materially and adver5ely affect the propeMfes,business,prosp�cts)�rafits or condirion
<br /> (finait�inl or otherwise)of 7rustar. ' ' -
<br /> Sceci[on 1.31. �i11�p�Ct1t ef:Succes�op T��. If Trustee shall die,be dissolved br become ,.
<br /> �r�inc�►�aliB�d fnom acting in the execuiion of this trust,on"shall fail or refuse Co execute the same wtr�n �:
<br /> �requ�tsd�by B�neficiary ro do so,oe��if,for any reason,[thneficiary shall prefer ta appc►int a substitufe���
<br /> Trustee t�s act ii�ste�!of Tn��tee nam��d�harein,Beneftciary shal)have full pav►�r, subjectto�applicable ��'�
<br /> lawj;t�+ap�oint,by written instrument;a�substitute Tn�s1►rc�,and�ff necessary, several substitute Tr�jstees '�::�.��:
<br /> i�r.5�tr��essir�n, who shatl suc��eed'tn al) the estate,riahts, powers and dut�es uf the original Trustee"
<br /> �tTam�td�henein. Such appc�i�r�tment�rnay be executetl by any authorized agent'bf Beneficiary, and,if ' "
<br /> . �anafii,inr�►i�a corpc�ratior.��+i ilmiti�partnership;anca�such appointment is executeti in its behalf by , :.�,
<br /> � � . an,►l offir,er of such corpw-atipn ur$�.�er�1 partner of s��ch limited partnershiF,such appaintment shall
<br /> �con.clt�sively presumed'�x�.i�e er.sCCitEd with authoriiy and shall be valid and sufficient withaut proof �
<br /> .c�fia�,�f�actfun by Phe boa�1 s�i eiirectocs or any superior.offlcer of the cc�rporation or further partnership
<br /> .. �citf�*.;n,.ln th�ev�nt of a fimited pnrtna�chfp.
<br /> Sa�tfon �..32. U�yfet°f Int��a in Mortexu�.pr�v. Trustor shall not,by�,peration of .
<br /> ,��w�p��,�t{1�iwase,sell,co+�e�oy,aliena,e,transfer,martgage,encumber or assign ownerstia�•or contro)
<br /> �f a00 or amJ part of the A1c►,~;�g�rl Property or any interest therein,without a&�e��nsent mf;$ene�ciary.
<br /> Stfctioa� 1.33. � a�i�41w7rs. Any leas�of all or any part of t4�e MortgagecP�Froperty by
<br /> Tr���ic�n�r�itted under this Deecl oS�'r�st st►a11 contain a provision obligating such lessee to enter info
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<br /> satf�f�ato�y to Beneficiary.
<br /> Sc�ction 1.3�. Fi��cial Stat �ts. T�u�tor shall provide Beneficiary,no later than May 1 of
<br /> each caleit�ar year:
<br /> (t�) Trustor's annual o�eratinII statement vvith respect tv the Mortg,aged PropErty for
<br /> tf`,�iititntedlAtely preceding cal�tndar ye�r and a current financial statemer.c of Trustor;
<br /> (Ea) 7he current flnaricial slatemQnt of Trustor;
<br /> ��
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