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<br /> � � .ail.#+�W►syw.,.w�.-. .., rv
<br /> . .i.-�nt����Y.ti..tr. ' ' . _ . . . Y -...
<br /> ...a...._: ...�.,, „ -
<br /> ..qrr.i,�„�>f`}!Yi1�IV�fi�h�roi}�;,�.,- . ' .�ls . .._ , . _
<br /> . .. iaM4'tiMwip u� -- ---_.�.'--
<br /> -
<br /> fi.i%�3f+ �.., File{�lo. 038
<br /> . ��.���
<br /> y����,n �.�,�, gf•t�L_bY�p1�, Trust�r,withln ten (101�lay:�+ifter being giW�n Rotice,
<br /> wEfi!4�:L1CA]tfil'J�Uf C:dUtip I�D(Y!3 fUfiS�dNi'fI,tr�11t�nr.Qclary a writ��n statPm�nt st�tin�the�unpaid principal of
<br /> aK�;1 inh�t+es��nn th�promisswy lJ�ta anr1�any Mh�r amnunts secured by this fJeed of Trust and stating
<br /> i���a(: i�u u��:;�P.czr d4�c:rs:� a?.i=t� arni�i�t•�.url� �m�ume. Yrustor will submit,(1) annual income and
<br /> expem's�stabempnts on the Mc�rt�it��!f�a�r and its`represen ativesfand agentrs in the ardina�ry course
<br /> ancf 6G�tr.�rn�nhc wi71r_h are prep Y,
<br /> o�k���c�iiiRSS.
<br /> S�ction 6.05. �t1�t. w��ft»�yLr f3eneficiary ar Tr�star shall desfrrz to give or serve any
<br /> natico,dema�n�,request ar other commt�nir.atfon wlti���e.��,ect ia tl�is I�ec�d of Trust,each such�otic�,
<br /> demand,request or nther cammunic�tinn sl�all bs in writing and shall t�e deemrac!to have been given
<br /> if sent by hand delivery,ovemiBht caurl�r or certiflecl mail,postage prepaid,adclressed to the following
<br /> ad+;lr�sses:
<br /> If to Trustor: . blilan E.Timm
<br /> 233 F.ast Canillo Street,Suile n __
<br /> � Santa t3arbara,Ca�ifomia 93101°
<br /> If t�Truscee fir�t National Sank of Omaha ,
<br /> or Beneficiary: 1G20 Dodge�l:r.e�t ;
<br /> , Omq;laa,Neb{a9ka fi8102 �: �
<br /> � � Attr+: �qbert). Horak,Vice l�i��sident '�1 .
<br /> With a copy to: )oseph Pplack,�st��►ire �.
<br /> Pol�k,WoollE�r&''froia,I'.C. .
<br /> . a7tt.�uti�t SVadonal Plaza •.: .' . ,
<br /> � • ���W�st Dodge Road . . . �
<br /> � � Omaha,Nebraska 68154 • .
<br /> ;:. ,, . : .
<br /> • qny pa�ty r��y at any time chang�its addmss fur suci�notices by delivering tn ii�e oti�er parties hereto,
<br /> as afr,x+esaid,a notice of suci�chan�c.
<br /> • �,�6,pg, �, 7h�r�tinns or headings at the beginning of�each Section fiereaf are
<br /> - ....t.s..�.... � Tr��d�
<br /> for the convenience of the parties ana are nui a�,a�.�� a��{a v�..� -
<br /> Section 5.07'. 1�CS� ' � ' ' ' . If the lien af this Deed
<br /> af�'rust ls invalid or unenforceable as to any part of the Secured Obligat+oa�,or if the tien is invalid
<br /> on unenfonceabte as to any pare of the�4uttgaged Praperryr,the unsecured�or i�artially s�cured portion
<br /> . t�'tim Secur�d Oblig,atians shall i�e campletely paid pri�r ro the nayment af d�e remaining and secuced
<br /> po�i,an of t}�e Secured Oblig,ations,anci atl�paymer�ts made ori such obligations,whether voluntary art'
<br /> '�. a�'for+eclosur+�or othe+'e�forcern�t action on��roeedure,shal!be considet�ed to have been first paid.
<br /> � ���pp��ro the{u��payment�af:that purtfon of the Secured�bligatio�ss whiCh is not secured of
<br /> . , . .. fu��y s�ned by the Ifen ai this i3c.'c�d�u!Trust. To the extent any conflict exi�!+�!�+he sercns of
<br /> .•11xe Cc�mrnihnent Letter.and thc�teims of the otti�er Loan Documents, t���e terms of the crthpr Loan
<br /> � ' ��7�xuments will g4vem�
<br /> Section 6.08. �iU�� �Q the extent that proceeds of ti�e f>tY:missory Note a advances
<br /> ,�undec this Ck.�ed of Trust ar�e uscd to f►uy any out5tanding lien,charge or pri�ar encumbra�+ce ag,ainsit tf�e
<br /> �SBortAagc�d Property, su�.prcicee+ls ar advanct�`�hav�been or will be�ctdvanced by Ben�ciary at
<br /> � ':;'�'��usror's neqiaesi,and B�►�f'iciary sliall�be subr��+�a�..�to any and all rights�,nd iiens i�eld by any aw�t��t.
<br /> '�c�4znl�:r of suc.h outstanding Ifens,charges and prior encurnbraiioes,imes�x!�ctive of whether said I tens,
<br /> cl�rges or encumbrances are rnitiasec��of record.
<br /> Section 6.09. ��,.,_,.�in�wntr�h. �f the o�vnership of the Mo�figaged Properky or any part
<br /> th�seof ar intc��est ther�ein b�comc3s vested in a person other than Trustor o�aning the same on the date
<br /> h�ec�f��e��eficiary may,withnut noiice to Trustor,deal with such successor or successors in interest
<br /> __.:.� -�------��.h.�n�l nf 7'n,at.and the Secured Oblig,atians in the same manner��s with Trustor
<br /> • eena�i�erc,............�.r--- -- -
<br /> wit6�out i►� any way vitiatin� c�r t�is�chargin};,Trustor's lia�a;l�itY laereunder or uparl me �ecureo
<br /> Ut�li�tiuros. No sale e�if.he Mart.�a�eci,t'rni�,��;�,,,��nd no forbearar�ae r�:m the part nf Beneficiary,and
<br /> ttu ext�.�+�siun of the tivnk'f�►r the �ay�tr�►�t uf`�3i�v 5ecured Obligatic+�a�'>;,given by Beneficiary, shail
<br /> �ate to r�lease,discharge,ni�lfy,changs�or�ffe+�t the�xi.�ipal lirs�ility, if any,of Tru�tor or the
<br /> iiahili�y o(any guarant�s or setr�e#1us af Trusror,either in��f:J:l�:�,ry�'iIl part. .
<br /> Section 6.10. �RSi fi.:r�'�1[lir+'�. It is expr�esil.y;.�greed that any and all terms
<br /> of this Ueed of Trust,the other l�n�an bocume��ts a►tid all other agrcc�met�ts made or ex�cuted by Trustor
<br /> Qr others in favor of Beneficiary,and all�ights,powers,privileges,�pt�ons and remed'+es conferrecl
<br /> — 17
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