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<br /> _� 16. TN�,S Al1D ASSE334�EtdTS. t�ntor ahall pay t;11 taxos ertd e��mcents retatlnp to�p9rty whan due r�nd immediataly Orovtds Itn9ar ,
<br /> g� 1 '
<br /> evldence ot payment of sama Upan the requc�ot i.ondar,GranLCr ehafi depasitwith Landar each mor+tfl on�-twetfYti(1/12)of t4te esUmatad annual �
<br /> � insurance premium,taxes and a5se5smssYts per4ainln8 tn the Praperiy. So lort�89there ts no dafsutt,thesa amaurtts shali bs app7ted to L1a paytrvmt �
<br /> ' of taxaa assessmenb and insurcnce as requ�red on thm ProAerty In the nreM af defauk.Lender shall Asva 4ha dght,at its eolo Gptian,to nppty tha -
<br /> furtQS so held ta pay any tsxes�r against the Obligation�. Any tunda ep�iiQd msy,a!LenQer's opttan,Co a�pGad i0 f6Ye�SE Ordet Of th0 due dBtB , ��
<br /> � thereaf. �
<br /> 18. itdSPECTtOH OF PROPFEiYY.BOQ!(3,RECaROII AHD REPORTS. Qrnritor shall elloxr Lentler or its egeMS to examirta nnd inspeet the .-
<br /> � RroQsrty end examine,ins�se�t end make eapies oi�rantar's boa4is en�raoord9 partafnins to tne Property from dme to ttma. Qrantor sha11 prav;de �
<br /> - f any nsslszanee requfted by Lender[or thsss purposs�. AU of ths aignatuns and iMOrtnation ContAinetl tn (;nntnr's beob and racards shall ba , �
<br /> • ; ganutne. we, axurata and oomplste in ali rospact3. Qrarrtor chali rtato tt►�oxlsUertoo of IrendeYs benefiGel irrierest in ita bnoks and reoorCs •
<br /> � pertalning to tt�e Property. Additionalty.Grantor stiall mport,in a torm s�sfaatory to LertdEr.such infermation as lsnder may request rayardirtg � •
<br /> � f3rantor'e finattcial eondrtion or the Proparty. Tho IMarmation shatl tr�tor eue!►perioda�lfali rotiact(irantor's recards at euch Ume, and ehall ba
<br /> ronderod wtU�&uM traquency as lersdor may destgnata. All irttomumon tumished by Qrantor ta Lsnder shall be trua.seairate and eompiate in at! •
<br /> _` - � res¢ects,art�sgned by Qrantar rf Lender mquzs4s. ,___=-------
<br /> tY. 6STOPPEL CER7IFICATES. Wrthln tan(10)dayrs after My rcquest by LDnder, C�tnniot sh�il delivar to Lender,or any iMertded transferee of
<br /> Londni s flgMs�fth tespact to tho ObQgation9,o signud and acknoivtodged sfa4em9rtt epecttying(a)the outstanding balarteo on ttte Obligattons;and
<br /> (h)ivht»her Crantor Ross�sses any datm�,deton..es,sstoHa or coun2erctaims vrtlfi respect�tt�Obfigattons end.if so.the nafure of such G�lms.
<br /> dafan�s,sstofFS or couraerctaima (�rantor wiTi ba condusivary Cound by any representatian th�!Lender may make to the imertded Vansferee witf�
<br /> r
<br /> resyeet to these matters in the eveM ttfat Gtantar taits tp prov�de the reqaest�d sffitsm¢M In a tlmery mannor.
<br /> ta Ds"F61I1LT. Grantor shall b�in dofauJt unster Shtn�ead of Trust and tR�Trustco's po�+�er shatl bemma operativo in ths event that Grantor, • - �
<br /> Barmarer ar eny puarantor of tna Obtigations _
<br /> (a►faits to Pay ury ObRgation to Lendar wfi�en duo: �.�.: , .
<br /> e
<br /> (Ci t3its m perfortn erry Qbllgation or breacless am+xmrranty or aovertant to Lenclar oonialned in thls Oeed et Trust or any other preserK or futum ,. . �.::�,,•:;�-
<br /> egteemenk t�'X;:` ,
<br /> (e1 destmys.�asas ar damegss the Property in arry matedal respect or sub;scts tho Propertyto seixuro,�rrftscstion,or condamnmion; ;�;,,�;,
<br /> (d� ssekstOravoke.tertninataoratherwise Iimititsiiabii'Ayunderanygu.tr^<.ntyto lmder, ��!�Qx. - �,,-...,..•...�-°-
<br /> • (e) dies,deeomas[egal3y incompetertt,is di�oA��d or tortnirtat�d,Cacom�insatvant,makes an assignmont for tha hertofit af credNere,fails to ,,��.` �j�
<br /> paydebts asthey become dua,fit�s a peti�on undor the faderal bankcuytcy Inwa.has an tnvotur�y pe�tion in bankruptcyfited in ivhich Grnnlar, ai Js'F',,,�, ;u,,�ti;�s',;,
<br /> �ortowar ar any puarar�tor is narned,or has proportytaken undtr any wrft or pmcessot cau� �: ,rR;;.�z..__,
<br /> � (fl aftows poods to ba�sed.transportad or stored an the PropaRy,tRe possesston,bansportstion.or use af whtch.ie ii►agei: r.,.. .
<br /> (qp ellows am�party other than Grantur or Borrovrar to assume or urttlerteke any Ob0 on withaut the wriCnn eonsen4 of Lender,or t�
<br /> g� � :._.-�7-:
<br /> (h) causes Londer to deem itssH insaaire due to a signiftcam deciir.o tn ths value of tha Propsrty;or 19 Lender,In good fsith,far arry reascn, _ - _
<br />. -- - Coltaw9thaitheprospectafpaymerrtorpmtartnanceisimpairetl. . ::�:-:...:'-_-�:--s--
<br /> � 1S. R'•Ki�4TS OF LENDEEi ON DEFAULT. H there is a detauk undet tfti�Qeed oi Yrust, Lender shalt be entiUSd to e�cercise one or moro oi tts� - "`��
<br /> fiitaninQ atmediea without nntice or dsmand(e�ept a3 required by Iaw�: l'�':..��
<br /> - (a) ta daetare the Ohligadlons immadiatety duo sn0 payab�e in tu11;
<br /> (trE to collect the outstanding OEtigations with or w:thout resorting to Judictal procoss; � .
<br /> (ol to roqutre Grarrtur fa detiver and make avaflBbLe to Lsnder any persanal proparry or Chattots constiUiUnp the Property at a placo reasanabty +. .
<br /> • comenieM to f3tentot end Lender, • --'� °°'
<br /> ", (d;to enter upon and ffike possesston of tho PropErty wilhout apptyfnp tar or oEtatNng the a�paintrnent of a rFSwtver and,at lendera option,to . �
<br /> eppaint a recehrer wffhout bond,w(thout flrst bringing suit on the Obitgattons and without otnerwiso mesting any statutory canditlorq regtudin7 �.��: ,
<br /> re�Svers,R botng irttended that Londar sAatl have this canuactual dght to appohrt a re�iver, ,.: � F• y-
<br /> (al m employ a men�ging atgent of the Properiy and!et the same.erther tn Trustee s awn namo.in the nr�rrte of Lander�u tn tlre name af : .;� ;.� -
<br /> Qrantor,and racaiva�a rorttc,trtaomes,[ssues and proflts af the Properfy and apply the same,afbr paymorrt af a!i naa¢�i oAarpes and • - �. ,`�
<br /> �r.ponses.on axourtt otthu�Dlig;sNons; a =;'..
<br /> (� bo pay any sum9 tn any fann ar mannar deemed expedient by Lendar to ptctsct the security of this Dasd o?Trust ot tn cirn+yry dafault a:�er � � �, �:
<br /> thun Rayment of irtterest or Qrincipal on tha ObltgE�ilon�; ,i
<br /> (gy fe farectoso this Oaed of Trust Judictalry or nonJudiciatly and tu dirocY itr�sal9 oi tha proyerty through axorc(se of tha pcirar ct�.e crs �;
<br /> retacenced(n paraprapA 20 Asroot In acccor�znce with applicahls law; i�-
<br /> (hj to setofl tirantor's Obllgatlons qgainst arry amourrto owad Gracstor by lsnder indudir.g,but not limiasd to,monfss,lostrummns,and Ceposit - ;� -
<br /> acocurns maint�ined whh tendsr or any curreritty axisting or futru�rdfiii�fe of tsn�er,ar►� s►
<br /> (ry fo oxerctse all othv�tqhts avaitab�e w Ler�er under erry other�n agreemerit or appiieabta taw. -
<br /> • • LondoPs righta are cumulaHva and may bo exarcised togethar,s�paratety,and in any order. [n the svertt that i.ander InsUbnes an ac:on sseking tha ,
<br /> �;�•. roeovory of arry of the Froperry by vray of a prejudgment remedy in an ectlon against Qrur►tor,Grarrmr waives tAe pasfing of nny bond Whieb mlg�tt
<br /> ottionu!aa bs�equfred. lendet or Lender's designee may pucchase tho Prope ny at arry sa1e. Pco�eeds ot any Tnw.�a'9 sate hareunder ahall bo - ____
<br /> appli�d ftrst,to Ut�costs and e�ensas of exercis:rtg the powet ot salo end a f ths a�te,mctuding the paymem o f tt:o�r.-,.�oh tees ectuaity incurrsd •
<br /> and nnt to exccad tha emount rfiich may be pravtded for In t�is Dead of T�ust,cecond,to payment of the ODliga��c�.^>�.�rod ttaroby,third,toth� ��:��
<br /> ptsymo�t of Juniortruat deeds,mortg�ps,or athor Iianfioiders,art�ro baiunce,H ar►Y,tothe ptrson or persons Iopally�d�h�. fis property
<br /> � ornn�part thareaf may be soid in c�oparcel,or In such parcaea�nanner ot ordat as Lendor In tb sote disast�on may e:�r�d one or mors
<br /> - - ss�rci.�as af ths powar haretn prar;��ati not aztinguish ar exh�.c�<�t�power unteas the enNro preperty Is so►d or the abtiaatla.��Aa paid tn tutl. �r"- - -
<br /> 2� YFiIS$fF.E'S F1C��.9C(SE OF PaY'lEA OF&!!LE W+t DEFIlUI.T: Upon defautt by Qrentor in Faymern of any 0�1?gatton�secu�C heroby,Lren6st ���•::-- _
<br /> mr►y doclrre all suma teeured heroby immsdiatety dru9 and payabte and sA�ll causs to be fllsd of record a writtsn�of d�fault and st�ctTon tasa.l =- -
<br /> �n Ffopmtty. AfKt f!�[apse of such tims as then may De requtrod by taw foitowing recordatlon of such nottce ot dd�ait,and notlCe of aale hsd�� �"=��-=:-
<br /> baon ph�n a9 then rs.;uirs0 by law,Trustee,without demand on C�aanmr,shatl sall auch properry,eitt►er as awhole or in sopatats parcets,end In eueh f.•�� -
<br /> n
<br /> orQor ao it o�tender may datermine at publio auetlon to tho Mglfest bidder. Ttwtee may postpone ths eaie af all or arry pottlon af ths PropeRy Ey �—� �
<br /> publla announamerrt at the Uma and pface o1 sai�,and/rom Ume to Ume tharenftcr may postpone tha eafe by pub9io announamant a!tha Uma�nd �� �-�
<br /> eteco fixes Dy the preceding postponamant Trustee shatl deitver to such purcheset ib deed canveying tho property,or porUon tfier e a f,so sotd,bert ��^--��-,�-° -��.�:
<br /> vinhout any cavenent or wartanty,expross or im,p8vd. Tho rocivsls in such desd ot arry mattera of fact or ottro�rtse chall be cor�clusive proo?01 the ���°•*-� �-
<br /> trutMuinosstheraof. Ar�y person,inc(uding Grantor,Tnsstee or lender,may purcnase at auch salo. __
<br /> 22. REQilE9T FQfb fd011CFS: Citentor requests ti��a copy of 8ny notice o!dbfwlt and a oopy of ury noUee of sale haroundes be matled to earfi �,c,•t �'
<br /> Rorsen wt�o Is a parf�s hereto at Uie address of su.h qrsan set fonh horoln at the same Ume and In tha same manner requlred as thou8h e ses►srate _ T�°:%•,�.
<br /> roqur�C thereaf ht�d L�asn flled by each such person. ,
<br /> ?�. QGr"'..6x34b fLU:cfdSST Uf��Efi THE UNIFORlN COP�t1AERCaAL COD@. This Oaad of Trust shall bo oonaiQarotl n tinanei-�3:imtomont and a '' P :,�,�'.
<br /> tixttuef�4 ip pum�:¢�:ta ths prav:�r.na of the Un(tarm CoRmerGa+Codo(es adoptad in tfie atate rit�c�ri the reaf propeRy i�lae�a3]avvaring ifxtu�s, �,�._, , . .
<br /> chatteSS,cind safCr�;!Fsrsonaf�c�:syr now owned or haroafter attached to or to be u�d In conr+3ar:n wtth the(�-Wre�!y tag-�r_r with any cnd atl ,..._..:r:.�w::J ,
<br /> n +
<br /> ropitcomonto tfiauat�-d adQitiorts ftereto(tha'Chattels�,end Grantar hereby gra^ts Iander a seca�rl inocrt.t ir a:�1 Che:ais. Ths debior ta+hm �.y--
<br /> f��antot deacr:bet af�x�e. TAe secured party t�tho Isnder deseribsd above. Upon da�an0,Ow�r.xs�Or�if rnske.�:�a�is and deliver aueh aaaa•r,� joc,� �,..
<br /> eptnemer�(as a:rlt t�attn is doTina�in atild Uniiorm CommercitU Code)as Lender et sr�time may Cs�necess�^�+or proper or req�l�ed to ars�i� e �
<br /> a
<br /> Lendor a perfested ceeurity interost in the Chettets,and upon Omntor's failure to Eo s�,lander Is�L"�onaed to aiyn any suoheg.�,so�t aa th�agent •'��f
<br /> ot Qrnirtar. tirantor heroby authorF�za Lender to file flrtancing statart��is(as suc:�ierrn ia definect�n wld Unitorm Ccmmercial Gc�n)wlth r�apsCt to �,�:;;1��.;,•�-�='�-
<br /> fieO�r�ls,atanyt'sr:e,wit�outtttva.'gnatureofGtentor. Grantorv�•��.r,cwewr,atanyUmsuponr,�quostofLendor,sipn suchfrs.sno�:gaffitemmb. ��ti�;�b��.��T""���
<br /> � (3errscr w1D pay al,�:r.d teea tor tha Fling of cuch fmancing sta�rr,urr9 c.,a for�o:�:ling thereof at the timea requlre ,In the ew�s�c�01 Lender, {��''°�`�`= - •
<br /> d by ��::. :�=:+k�'a: .
<br /> � a�ld�lsi!orm Camm+ard�J Cnde. M the Iien ot tht3 Oorty2 0}T�ust�8�oct to srfy me�.riry�gresment oovering 1h�Q;aYS!e,then in 1he event o1 nny
<br /> , dstea't under thla QaffrS ef Trust,ali tho riyM,tf�o arM imorost of Qs;.r,qr tn and�o cry and atl of tho Chattels is h�:f�y��.:lgned to Lender,togt'tnr • : .��;�..
<br /> wtN ttta Benefit nt m�Ceposita or paymsnb novi or heroaftcr m�'✓e�haraof by Grar�tor or tho predeoes.^.ors or wuxr�;.crs in ti4ta o}(iran2o�i�t� � ,. ;;S'ri�+;;�
<br /> pf�pQi1��. r?. T ,ti1�v�.� I `'
<br /> �'3. R�1[C,L'1t.�:,.,Cf�£lJTOF 6UROUt�A33 EXPBt�DED BV LEtlOEit. IJender,et landor's optlon,may ezp�nd funds[:.Guding atro:��s'fees and tegal z,.,, ,�
<br /> er�.nnr.a�)t4�arfls'r.►any act requfr�d t�o be takon by t�rantor or to er.srciao any righ4 or romedy of t�nder under 6�is Oeed of Tru�t. Upon dem�nd, ;�„�;;;
<br /> (3S'C[11Lf 5�t�11 �rmaiiately rolmburse lendor for ali such amounta expendod by Lender togethar witfl irtterest tfieroan at the lower o1 the high8st rate . _
<br /> descsibEd In ang OC;lgatlon or the higfiest rate ailowed by law from tho date of paymerrt urttll tha date o!rcirr•.�ursomzM. These sums st1s0 ba
<br /> InUa6ed in the da!'t-nion of ObIlgaUans hereln and ahatl be sxured by tlie beneflclal IMerest greMed hereln. K�fio ObltgaUons are pald aft:r the
<br /> hEg'.r.�ing of pub;:catlon of noUCe of sate,as heraln providad,or in the avern Lender ahall,at fts sole optlon,psm:d(iramor M pay arry part of th0
<br /> � pblf3aUOns after the beginning of publication of noUce of sai0,as heroin provMed,than,Grantor shall pay on demand aN expens0s incurred by tho
<br /> TNtUae und Londer in connection wlth said publleaUon,including reason[tbte attomeys'foes w the attomoys far the Trustoe and for tho L�nder,tmd a t�
<br /> � ror�a%+able tee to the Trustee,and this Oeed ot Trost shall be cecurityfar all such expenses at►d fees.
<br /> -� ' 29. APPLICATIOH OP PAYMEHiB. All paymaMs made by or on behuft ot Grentor may be appf�atl a alnst the amounts patd tri l,enaer(mctuaing - . - - --
<br /> attorneys'tees and legsl sxpenses)in cannecean vrith the exercise o}its rights or romedies daseribed�n thls Deod of Trust and tiien to the paymant
<br /> ot ths remalning ObilgaUons in whatever order Lemdar chooses.
<br /> 2J. POYYER OF ATf0At7E1f. fimntor heroby apAoi�rts Londer as ita ettorrtey�n•fact to endorse OraMar's name on all insVumenl9 s�nd othar - -
<br /> documants rtain:ng to the Ob1i Uons or Oead o?Trust. In addiUon,Lendsr sl�all be entitfod,bat not roquired,to pertorm any aetion or execute arry
<br /> documant rsquired fo ba takengo executed by Grantor under thio Oced o4 Trust. lsneer's pertortnance of such action ar oxecuUOn of suc6
<br /> documeMs shall not rel3eve Orantor from tiny QbllgaUOn or cure any dofautt under this Deed ot Trust. AU powaraof attomsy doscribed in thia Deod ot '
<br />_ 7rust are coup►ed with an IMOrost and aro irrovonablo. _
<br /> -�-:r 28. SUBRO(iAiIOH OF LEHbEA. tsnaer sna!1 bo suDroBatea to tno ngnts ot tno noioor of any previous uon, saeurtty mterest or encumbranco - -" -° -'
<br /> � disd�suged with tunds ndvancad by Lender rogardless of wtielhor thoso lions.soarrty interosts or othor eneum4rancfl9 hwo beon roiaasod a1 reeard.
<br /> I � ��
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