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201008482
<br />DEED OF TRUST
<br />(Cantinuedf
<br />Page 2
<br />threatened lifigation pr claims af any kind by any peraon reiating to such matters; and (3) �ccept as previously disclosed to and
<br />acknowfedged by Lender in writinp, (a) neither Trustvr nor eny tenant, cnntractor, agent or ather �ulhorized user of the Praperry
<br />shall u�, ganarate, manufacture, stor@, freat, dl�pose nf or release any Hazardoua 5ubstance on, ur►der, abput ar fram the Property;
<br />and (b) arry s�h activity shalE be conducted fn compfiance with all appiicable f�deral, sEate, and iccal laws, r�gulations and
<br />ar�linances, including without limitatinri al[ Environmental L.�ws. Trustor authorlxas Lsnder and its agents to enter uppn the Prapefty
<br />ba make such inspectiaria and tests, at 7rusta�'s expense, as l.ender may deem approprfa#e to determina enmpl(ance cf the Properfy
<br />with this section of the I�eod of Trust. Any inspeotions ar tests made by I..�nder ahall be for Lehder's purposas only and shall not be
<br />construed to creabe arry responsibility or liability on the part pf Lender W Trustor ar to any atMer persan. The representativns and
<br />warranties cantained her�in sre b�sed on Trusta�'s due diligence ln investlg8ting the Property for Wazardous Suhs#ances. 7rustnr
<br />herehy (1) releases and walves any future �Eafm� �gelr�st I.ander for lndemnity ar cnntribution in the av�nt Tru�tar becomes liable for
<br />cbeartup or other cos� under any suah laws; and (2y agrees to Indemnify, defend, and hnld hsrmless Lender agalnst any and all
<br />cEalms, losses, Eiabilitles, damages, pen�itles, and expenses which Lender may directly qr inc�irr�c,�ty susiain ar su�Fer t�sulting from a
<br />breach pf this sectian of the Deed of Trust or as a cvnsequenoe of any u�e, generat�on, manufacture, stnrage, disposal, release or
<br />threatened t'ebease accurring pdor m Trusto�`s awnership ar intare�t in the Prop�rty, whether or nat tha same was or shou[d have
<br />been known to Trustpr. 7he provisions of this seoti�on of tha Deed af Truat, inducfing the nbligatfon to indemnify and d�#end, shalk
<br />survkve the payment of the Indebtedn�rss and the setisfaction and recorrveyar�ce o# th� [i�n of this n�ed ot' Trust and shall not be
<br />afFecbad by Lender's acquisitfon of any lnterest in the Property, whether by foreclosura or attterwisa.
<br />Nufsance, Waste. Truator shail nnt cause, conduct ar permit any nuisance nor cammit, permit, or suffer any stripping ofi or waste on
<br />ar ta the Property or any portion of the Prnperly. Witt�aut limiting tha generality vf the foregaing, Trustor wili nat remove, ar grant to
<br />any qther party the right to remov�, any timber, min�rals (including oil and �as), coal, day, scaria, sail, gravel ar rac� prdducis
<br />withauE L�nder's prior writ#gn consent.
<br />Removal of Impravements. 7rustor shall not dernollsh or remave any Improverrients fran the Reaf Property wi�rnut l.endar's priar
<br />written cnnaent. As a canditlon to the r�emoval pf any Improvements, Lender may req�ire Trustar to make arrangem�r►ts satisfactory
<br />tn Lende� to repiece� such Improvements with Improvements of at ieast equal vafue.
<br />(.pnder"s Rlght ta Enter. Lender and Lend�r's ager►ts and r�presentatives may enter upon the Real Property at aik reasonable times to
<br />atterid to Lender's intsresfs end to ir�s�aect the Rea1 Property for pur.poses of 7rusta�'a compliance witli tf�e terms and cor�ditions of
<br />thls peed af Trust
<br />Campliance with Gavernmerttal Raquirament4. 7rus#pr shall prompdy cnmpEy with all laws, ardinanoes, and regulatians, n�w pr
<br />hereafter in effec;t, of Rli government�l suthoribes applicable to the use or accupancy of the Praperty, Trustnr may cont�st In good
<br />faith any such Eaw, ordlnanos, ar regulation and withhald compliance during any prnceeding, including appropr�ate appeals, so long as
<br />Trustar has notified Lender in writlnp pripr to doinp so and so lang as, in i.ende�'s sole opinion, Lendar"s ir�6erests in the Araperty are
<br />nat Jeapardfzed. �ender may require 7rustor to post adequate security or a surety borid, reaspnably satisfactory to Lender, ta protect
<br />Lender's Enterest •
<br />puty to Probea� Trustor agrees neittier to abandon or leave unattended the Prop�rty. Trustor shall da all other acts, !n adcfition ta
<br />those �cts �et forth ak�ave in this section, which irom the charac:ter and usa of the Prqperty are reasonably n�oessary W protect and
<br />praserv� th� praperty.
<br />TAXES qN0 LIEN8. The follpwing provisions relafing to fhe taxes and liens on tha Property are part of this paed of Trusf:
<br />Paymsr�t. Trustor shall pay when dua (and in all events priqr to d�ltnquency) all taxes, specEal taxes, assessm�nts, charges (inciuding
<br />water and sewer), �inea and impasitions levled against or on account of the Ptpperty, and shaN p�y when due all claims for work done
<br />on or tpr senrices rendered or materlal Turnishecf to the Praperty. Trustor shall malntain tha Properry free of all Ilens having priority
<br />over or equal to the int�rest af i..t;nder under thia Oeed af Trust, excspt for the lien pt taxes and asses�ment� nat due and excepf as
<br />otherwise pravld�d 'm this Deed of Trust
<br />Right ta CaMest. 7'r+astor may withhald payment af any taac, asaeasment, or claim in connection with a good �aith dispute ovar ttroe
<br />obtigaidan to pay, so long aa E.ender's interest fn the Property is not jaop�rdized. If a lien atises or is tiied as a result af nanpayment,
<br />7'ruetar shalf within fifteen ('15) day� aitsr the fien arises or, �f a lien is filed, wlthin tifteen (75� days after Trustiar has notias of the
<br />filtng, secure the discharge of the lien, nr if requested by Len�r, deposit with Lender cash or a suffident cvrporate suraty bond or
<br />ather security sa�sfacWry to Lender En an amvunt sufficierrt to dlscharge the lien pius �ny costs and attarrteys' i�mes, or other charges
<br />th�t could accrue s�s a result of a foreclosure or sale under the lien, In any contest, 7rustar shalt defi�nd itsePf and Lender and shap
<br />satisfy any adverse Judgmert# before enforoement against the property. Trustor shali name Lender as an additional pbligee under any
<br />surehyy band fumished in tha contest prooaedings.
<br />Evidance of P�yment. Trustor ahe�ll upan demand furnish ta �.ender satisfactory evidence of paym�nt of the faxQS or assessmants and
<br />ahall autharize the appropriate govemmental ofticial to deliver to I..ander at any time a written statament af the taxes and assessmants
<br />agafnst the Property.
<br />Notica oi Constructipn. 7rustar shalf notffy Lendar at least ilfte�n (15) days befor� any work is commenced, any asrv�c�s are
<br />furnished, or any materiais are supplled ta the prnperly, if �ny macPranfc's Ilen, materialmen's lien, ar c�ther llen caukd be asserted on
<br />account of the work, servi�s, ar matsrtaia. Trustor will upon request of Lender furnish ta Lend�r advance assurances satisfact�ry ta
<br />Lender that Trustor r,�n and wfli pay tha coat vf such Improvam�nts.
<br />PROPEiiTY DAAAAGE tN8URAMC�. The foliowing provlslans relating to insuring the Property ar� a part of this Deed of 7rust.
<br />Melntenancs af Insurnnca. Tri.�atiar shall prooure and matntain poilcies caf �re insuranc,e with standarr! extended coverage
<br />endorsements on a replacement basis fpr th� full insurable v�lue cavering all Improvemerrts on the Rea] Property in an amour�t
<br />sufflcient ta avold applicatian of any ooir�surance clause, �nd with � sfandard mortgagee dause )r► fa�ar pfi Lender, togathc�r with such
<br />other hazard and liabifity inauran� as Lender may reasonably require. Paliaias shall be wrttten in form, amourrts, caver�es and basis
<br />reasonahfy acceptable to Lender end igsued by a company ar compa�niea reasona6ly a'cceptable to Lander. Trustar, upon request of
<br />Lender, will deliver to Lender from #ime tv tima the poficies or certificates of insurancs in form satisfactary to l..ender, inGuding .
<br />stlpulatlons that cpversiges wfll nr�t be canceiled or diminished withvut �t least ten (1p) d�y� prior written notic.� ta l.ender. Each
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