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<br />• ... . . . - - .. _ _ _ - __�_ -...._'.. . _..�_ . . ._...i..... -�-,.:i.,C�"t�:. . ` . .� 'r' � ._,Y.,_..�,� ' 'L ". -1 ._
<br /> I - - _,� - - "--_ __
<br /> , i ��- . -_- . _._
<br /> `' � �6° �(��'��9 • ' . . , -: •�. -_
<br /> (tl) Grentar h2s the nghi and is duly suthor+iad to oxccrrta and peAorm its 441ipaUnna und�r tPJO Ocs�S!ThNt►l�9���E�ane do not ene! ' �• ` � ` , '. -
<br /> ahafl nat wrdtiet r.vith the provtsions oi any att►tuta.regulntion. ordinzna9,rut9 ef itre.contra�s cr nMYr sg:i�'�t which may bm bindin0 on• � : .,
<br /> � (sseMOr at eny tima: --�`-- - --- ,-
<br /> (o) No actton or proceeding Is ar shsil be pending ar thrc�tened wh�cn m�yht mate+tnlfy affna c�.9 Ptitaarty;2sA, _
<br /> � (f) C;rantor has not violatad and st►a�t not violats any staMe.resgua�tor.ordincncs.ruto ot lavr.o��aW.�a��C�'�Id�eQmeM(inetuding.Cut not . � .
<br /> . I limited to.those govemirtg N.aiatdous Msffirtafs)vfi[ch migtrt rt�Qterla!!y atteet the ProPe�Y���+'�f���'�c��n ti�e Ptoporty pursuunt .. �'•' �
<br /> to thts Deed of Ttust �` �
<br /> ; 3. pRi�A aEED3 6F TRU9T. GreMor reyresonb and wturants th�i tit!ro¢ro no prior deads ot trust.�f4t�x"r�:utf y�itY ot tha Properiy exccpt as sot
<br /> ..:.� f0ItJ10f1 SC110aU10 B IIttFLCltCd tD U119 QQ�d 0}TfU4�WhIGh CitEfli9f t�1t t!!Q3 t0 pRy Lt71Q PQt�Oftl1 iQ 8 Uit!iR�y T•4M•rii,t?=tcMc are any Drtor 6eed9 af wst _ --
<br /> t�on Qrnntar agmes to pay all amounis ovrod,and p�rtarm all oa!igatione roqu�rod,undcr sucrt dtoda M•s�m�'?�b a`�tIIaDYadnesa;.�curod thereby �� �.
<br /> � and furtner agrees that a defautt under any pNor Qaed ot trust sh�ll Oe a et0�utt undor this Doed d:Tnnt w9 tAA's"+6�+tNo Laador to all righb nnd
<br /> remedfes oonffiIned hecein or in ti�e ODtigations to whicl�lendsr woutd De ontite�in tha ovont of anj aL'+rr�ri�te.rr �
<br /> . :� 4. TiiA!lSfERS OF THE PRORER7Y OR BEHEFIGAL 1ldTERF.STS 111 QC�AN'P078 OA 80itF101NFAR. u��r vx+r�i o�a e�e.conwyanca.iuc:,s. - - - - - --
<br /> eor�trsst tar d:ad ot bansfet to any R..tsnn ot eA�s eny pJt of th2 ro�J prop8rty OoLeribud i�Setni�Qs.fq�A.or.uir�'r..�eset tnerein.or of atl or eny -
<br /> benafidal ir�tarost in Bortower or Csran2or(A Bortoxar or Grantor is not a nawmt percon or psrtez3 Oae�s a aar3r:r-ftx�.limrtod Iinlvlty campru►y,
<br /> � � partnership.trus�t,or other tagal entity).lsndor may.at its ap'�an dz�ela:o tfio oute�snding pri.tcipal�DSlarwd y'Bm C&'�abons plus arxnretl fnbrast .
<br /> tiiereon immediatcry due and payabte. At Lender a requESt.ZaYanto�or Borrcr�xs,as tAa caso may bs.cRNf PoirntA�m MsnDloto atatomont cotting forYh
<br /> �,{ ail of its stodd�otders.members.or pa.rtnera.es appraptlate,end tris emnt atthaU rosaettiva aunr�rqllp inRt�uitt. '
<br /> � 5. ASSIQHlI�El�Ji QF 61Efi75. in conslQera�an of ft�e ODCgatiarts,wtt!ch are 6e�to�by thiu�OeQ�R Tum,{�rd�r�:atatofutary assigrs to tondor all
<br /> QrantoYa esffite.right,ti8e.irttaros�t.elaim and damsnd rtaw avm¢d or�ort�aRer eaaukod in eli�cisi:r.p�'!anap 47�ot the Property(ndu0lng
<br /> r
<br /> extensiane.rer�Hals and suCteasesj.all agroemenis far use artd occupenry ot the Proparry(alt su�e MrN�rau�rJ:�p':tACnerris whoU��r written nr acd. .-
<br /> are heroafter referrsd to as t�o"Leases7.and at1 guarantices of le�a¢os'porformanoa unQor thc►le�,.~�.tepNtrtr�rcltlt�33�9 tmmediata and wntlnufng ;� -
<br /> right m mQect and receivQ all af the ros►ts,incams,receipis,rovenuas,iss�E3,proT�und ott�cr'vr.�9 dJ.ur�ntl�nd�sn er haroafter du�Gnduding _ -__
<br />. any ineome of any nr�ture eomiRg du9 during any rodamption pariad)ua�m tho Leas�ss or trxn�r tti3trp•Y�M_th+�RroRerty inetudirtg min(mum -.�_- � ,_
<br /> reMS,atlditiuna!rertts.perc3ntsge rer�ts.Parldng or common ac�a maMenanw contributics,�.ti.Y e»:1 irawu�s rur.tdhutiona daficiency rents,
<br /> liqutdated damaSes follcuirg defauR In any Lesse. a!I proceed� P�.�under anv pa!icy a1 is�wd�►�m a�i�ottr,`ry, toss af rertts rosuitfrt9 from
<br />� untenantability caused Dy dr•s4.uctlon or d2maga to tRa Pro�rry,afl pmceads payEblo as a r�cdt dt.�'a��ccn'a rtt:cfflas of an option to purr,9�use tl►e �
<br /> � Rroperiy.etl praceeds dc-nc�t 4am the tertnirtation or re;ectian of any Lea�o in a bonkruptey ar o�ar irno�ivm/.�s�sding.and a11 pmceeds from :____
<br /> eny dghb end cia(ms of any, mr_d wtticb Grentor may haro r�inst any Ic�a under the Leaso3 0:arvf oarx,aptt'At���Ptoaeriy(all of tAe above are
<br /> ..'�+lRA"r..-,'r:�.
<br /> heroafter coilectivery retert�;c�as the'Rsnts"►. This asaignmam is sufl;sc�b ttro right,peww ancl�r�d�q:n�gfa�vn to�a I.ertder to eotted and appty 4,,��.
<br /> the Rems. This assignmerti i�roeorded in accondance witn applicabls s;�f�a:tho lien c�iCS�i tr�r ttio es�ipnmsrrt is irtwnded to Qe specifia. . ��.�
<br />. perfectaE.and ch9ate upon the recordirtg at this�eed ot Trust,aU as p�cvidai by apRiictih�o statp Saw z��t►9n�e�d from��ne m timo. As lang as .
<br /> there is no defauit under the t?hligations.c�i^is Oeed of Tnist.Lendar gros-►is Gcantor a revacaDm�ir,rsre��tp ar�ec4 all Rerrts from ths Ler.�es when • �" '��
<br /> - due and to use sach proc�e�+s in Cirar.�c�I�sir.ess a�sc�otrs. Fiowever.Lender may at errf 7iitrrfl r�.ir�u�t�r to deposit e11 Retns into an . ,�, _ -���:_ --
<br /> - ' siccount mefnte3ned by Gt"�r or Lend��Lar�$i.:,�.^�.,�cat. Upon drrJsutt in tha paynsr�rt:as.a+tn'ibf p�totm3ncQ af,.�n]!of the Obltgatians. . ��?!�c:
<br />- Lender may at Hs optlon�ra possession cf ttse Prape:.y�^,�have,ho'd,ma�c3o.lease ar,d a,saraJ.t�t��r p�A2rty on ts�m�s�far a pedod af tlme ��s`"R"�$.:
<br /> tha!lender deems proper. Lander may prooeed to eoltea and reoeivo aa�ents from tto�Gp��ii,oM Lorraca s9a11 hmre full ps+ver w make +��..
<br /> altemtions,rer�ovations,repaira or reptacemerns to the Properly as lAndar mas daem propor. Lur«.i2r msy a�y atl Renis in Lender's sate discretian
<br /> to paymont ot the dbligations or to the payment ot�he oost of suclf aitar�ans.renovatians,re�trs•arr.l �mzrKs and any expens2s fna�ent to ��
<br /> f ' tatdng and rertaining possessien of the Proparty Periodicaliy and tha ma,^���nent and op3ta�t�ec a'f tl►Y��. �nder maY keeP t!`�F4cPeRy �
<br />' t'., pmpeAy insured and may distt+argo any taxos.chargcr�.da�ma asso�rrsrds and other�iems wtv�ta n►g{I r�rua. The expense and cozt�trieae -- � '---
<br /> actlons may be paid ire�rc tSre Rents received,and any unprud amourMS ahtU bo addod W sfrcr p�naiyr�l�a�its3 G�b!ig�tiono. Tfiese amourns,toSsU�es
<br />' with othet cnsb.sha116���se part of tha Obilgatlons secure�hy this Dead of Trust. . .•_'�i::_� .
<br /> 6. IrrJ1Sf.R O�tiLD OT6dQit/,r�AEEAl1F.PiT3. Grar�tor sti:5;cr.rt�a or�:ta take any�icrt»tv.�h mry�ar p¢ma=the terminatlon or the . ,�. ..�: ..�
<br /> wfthhotding�.t ssty paymer.t tin connectlon with arry Leasa�ar r�Vr-ag:c+��a.+t(`Agreamor.Y;�arttlninp�U��sy. m additlon,(itan2or.without f=�;�A. w • �
<br /> ',�� Lender's Fricr written conserrt.sh:l1 net(e�col:ee�er.y-r,c��rayarr��an1�r any Agrcemr�rr�rrm�a�t��rn on9 mor�th in advanes: Ib)tnoditf►an� ,s, �.
<br /> .. ABwemar� (c)essign or a9cw a lien,snsrr.rrr►n!eras!��ms�encumbr�nca to be pla,oad�rva Q�rtAr•'a ti,lhts.tNle and trnerest in and to any
<br /> , Agreement or the amourts;�a-�te�e�mnr.r9�;cr(�1 v.a^-am�or czn�l ony Agreement n�uopt�tta Ca�n�Daym�nt of any sum or othar mazeris!
<br /> breaeh by the othet pany rit�a. tf Gra-�r rar,enES�t er�2rae any vrtirioi communtcatiaex acaerYmp��rtl��'t Dy GreMac under an AQreemerit ar i�
<br /> ae
<br /> purporting to tertninate cr. c�r:cel any Apreemaat, C-r.sn�r shall pcomptty torward a ea�{ dt su►sh asmmunicatiart (and any subsequent _ - -''
<br />, communlcation9 reta:ing�-a.�to)w l.onder. All such R�y�a,ren�and tha emounta duo te�flrr�ra�:e ft�un�ar are harc�ty assfpnad to Lsndor ae �
<br /> • eddittorW securttytorttte ObegaUOne. s� --
<br /> 7. COLLECTfON OP INDEBTEO�tESS FROM TId1RD PAF►TY. lars3ar ahufl bo anBUed to ree�j a r.�q�inn Qrt�arts notNy anythird party pnduding, _
<br /> EBTEO
<br />- but not Ilmited to,lessees,Iic�nsees,9ovemmsntal suthoriUes nnt!ineurnsio�compantea)tr.ys.y:�+rr9se arry in�eDtednoss ar obil�atlon ovylnp w
<br /> (irantar wltt�respaet to tre Propeny(cumulativaty'In�ebt�dnass')wh�ur or not a d�fauit�e�lst�ut+r.hr Vr.s Oeed of Trust. (irantor shall dillgenUy '� '�•
<br /> co0ect ths Indebtedne�ax�r.g to Grar�tor trom theso thfrd parties uttti)tho fliNng of such nccftir,atuca tn�rJro avent that Grantor possassas or recaivas '� �
<br /> possassion o!any trtsaummi�cr offier remittanos�witA rsspect to the Indabtednose tGtawtnp�t�r gt+Itnp of au�nnttflcatlon or M the Insburnmts or �=a�-�- -
<br /> � other remitmnces cons�is�she propaym�nf of ury Indabtedrtms or tho poymoni of ar:y;rtmaar.r.a 9c ooNlcmnattan proceeQ�.Gr�ntor shall hoid ) �,
<br /> " aueh instruments and othar romittances in trust for Lender apnR 4rom its otl�er pmpeRy,errs�rsa�0 lrrtwm2rrt9 and osher remittanoes to Len6sr, ��
<br /> `� and Imme�ely provlde I�nder wif?►possasalon of Ma Instrumon�and otnor remttarscos. Uirotit�siJ:��o�cd.but not roqutred,to ccltect(by E-;-�---
<br /> '; legat praoeedings ot otherwise),extend tAe Ume tor paymenL comyramise,exct�anga o7 ntoane ar:►f.ob�ir�or or oollateral,er othervvlss se�irs arry of
<br /> the InAebteQness whether or n9t an event of detauit exists under this A�mamenx Lendar aRali rosa f�a t,�b;m to Qrar►tor tar any acdon,errar,rr.;stake, �s��� _.�,.�u„
<br /> omisslon or delaypenaming t�the actions descrfbad tn thts paragraph or any damaIIsa reAUltln�rbtv�y!rom. NoYrrfthsmn�in�tha torugoing,n�ing ^ "�• '-_� --
<br /> � � heroin ahall aause LenEer to be deemed a mortgageo-irt�ESesrtion. - __
<br /> .:�� 0. USE AHD MAIHTEHA!!CE OF PROPEitiY. Grs:.�r.�aii tatce aq acUOna and mohu er.+f mts�� nsaded to mairttmt�r;°m Property in eaoci f�'�,Y�.�-�-
<br /> . •i oondiUOn. Carantor shall not commit or permit eny w�a�be commiKOd with respoct ta�+a flv�arty. Crantor shall c�the Praperry sofoty in _."���°�
<br /> comptianoe wtth appiicebie law and in�r^�policies Grantor chall not make any aiMro�ann,s�r3�;tiorrt or imyrovementa to the Property wkhout �� ��__-
<br /> `• LendePs prior written consent Wttiout 1m�:�g the toregoing,all attaraUana additlana ar.r1�in-�;c�rscrr►irts m�de to the Property sha11 De:.�bject� r � ___
<br /> :�'� the beneflclal intersst belonging to Lend�r.sAall not be removad without LondePs pdar�erinnr�racsr�ar'1,an��ha.fl be made at QraMOr's sc:a�..�.�ott�o. ,_ _ _ __ ___��r
<br /> 9. W39 OA QAlIAA6E Grantor shall�eas the errtiro risk at any lo�.thoft,dostructlon ar dvran(�:ewn:+'aL��aty•t,oss ar Damage')to iho F:z�orty or : _ -----�
<br /> ' sny portion thereof fram rr:l causo whatcaever. In the��rnt o! any Lors or Darr.ogri,drarrt�lr ehaJl,a2 tri9 opUon o}Lendor,ropalr the atteeted •• •-�:�• �"
<br /> Properry to Its prevloas Ea+rrt(rion or pay or causo w ba p2iG to lenCor iho deaeaae in tku fnlr rrnrkot v�l�.�ot tna atfected Froperty. ��,�-,f,,, ;
<br /> 1Q IlJSURAHCE The Property will�o kept insurod for its fiAJ }nsurabFa vatuo(ra�taenrrnnt oo3t)�galnst ail hazarda Inciuding loss or damage � ;�y
<br /> ' � caused by flood,earthquake,tomado and flro,ttiefl ot other casuatty to tho extent�eqeired!tr�j�.urt8ar. Qranto�m2yr obtain insurance on the Property ��'
<br /> �,�„'"
<br /> fle der�at east�9��e�p�day��wn'ttan noHceEbefo s sud��oticiea aro alturctf!or�r�.arncill�ad�an a�n��manners e i�nsu�nna po�6 hall �'��''��',t''
<br /> � p y ;�t���?����%�--�.�_.
<br /> l name Len:,c+r as a loso pa}roo and pravide that no act e�amisulon of Granto�or eny:fstur parson sh.sll afisct th9 right of Lander to 40�rC+�e :.x _±�
<br /> .w. insurance praaeds perta9ning to the Iass or damago.ti �.^.e Prop�rty. In the ewnc i�rhtr ttitst to aoquire or main�n Fr.surance,LsnQsr(a.."�r .
<br /> ���},: ..:�x, 4 z�i•.,r_:
<br /> ' pravldlnp natice aa n�ay be�uired by Itnv)may in i��.l�•sUon procure eppropdata inoumr�co oavor a upan tha Pro7xccty and the Insutance ccrt .;,71�}J�„„. `a�T
<br /> sAali be an a@vpnce pay;r�;e end Deating interest a3��atied in Paragtaph 23 and oocutud i�aroay. rcnt4r shail tum�r�^�nder with evlderics e[! �f�. � '�2 �
<br /> � � � • ✓4(-l.l�'.., t.....�'���a
<br /> insuranca�r.dicating the requlred coverape. l.er.der r.2s�act as attorneyan�fact for flranta�in m3tdr.g aM sott:ing ci�lm�undar Insurs�cr�r.e�:e3es. �,�'�rr�s;n�l �°
<br /> canceV�r�rtr.y policy or endorsing Csrorr.tfa'a r.z.^ie o�a�y dratt or nepotlaLle inatnrnTOnr,d�uvm by any insuror. A11 such Insurance po.'.C�AE 3'�J CO �, ,� .�����;i �V
<br />� immedtaim�y asalgned,pledged end del�omrt�to f.nr.t-r as turlfie►cecurity tor tho Oallpanons. In tt�o�reM oi loss.Orentot shatl imrtrt�Arntutiv�r.� •:.:.��`
<br /> 0
<br /> lender wrr.ten noUce an�Lender is a��f.�d t�rr.3Lr��roof af loss. Ec3ch inouranao wmpsny is dicsxtod to make paymenta dirocUy t��er.au* �, . .:.,� , , .,;':
<br /> �nstead af to Lender and Gantor. Lender sha11 have:ts�••3ht,at i4e sole optlon,ta nppty w:ch msnios taward tha Obtigatlona or toward the oost G' � ,�� ,�:.• . __
<br />� robutldirtg and restoMng tf�o Property. My amounb r,,s�l,ar lender's opUon bo applind In t1�n invetso order of Me duo daure theroof. , _
<br /> - 11. 20HINd AND PRNAYE COVENANiJ. Ciranta��tivl�rot iniUato or oonnont ta r.rcS�r,�,mt�e In tho zor.ing prwislons cr�:rtvate cavenant�aftecting , . . _-. I=
<br /> the use of the Properly without lender's p8ot wri�r.consent 1?(irantor'o ut+o of�is��'r,.;.erty baoomas e noneonforrt:i:sg uso under any:oning ;, , � � . _ --
<br /> provlsion.Gruntor shail not cause ot p�it su�fi uso to be discontinuod or abnndoned withaut Ua pr;or v�ritt9n conserrt ot Londer. Grantor wiil • � .4;fs�a , _
<br />' immediatety provlds LanQar with vnittsn r.a_co 09 eny prposad changoa to fho zcnlnp p:cvisions orµrlv�:�cavonants affocting the Property. .;,�,�, . �
<br /> 12 CaNDF.�ANATiOH. Grantor shall immedlat3ty�ro:au3 LanQor wfth�vtNton noUoo ot anyr uchiial or throatansd conCemrtaUon or eminent domain • .•:,��
<br /> procaeding peRafning to the PropeRy. Ail r.:ar.Eos p.�Jnlsre•�o Otantar irom suoA condomnation or taking aro haroby asst�ed to I.endor and shtill bo . .�, .�-.�-_,,;;`__
<br /> applled flrat to the payment of Londer�9 0"»'G.T.T/3 +h�:s, le(�al exponras and othor cosm prtctudlng appraisaf teeaj in connection witA the ,. , `�.----
<br /> coademnaUon or eminent domain prccead:rt�,s ar.a tYEr.at the optlnn of Londor,to the payment of tfl�Obligations or tho restoraUOn or repalr W the ,
<br /> . Property. . •
<br /> 13. LEHD£Fi'S ii1CaHT TO COt�IRiF9bG'C�r�DEPEND LE(iAL AL`TIOy.4. Grentor shali immediaiely prcriEe londer with wrltten noUco af eny actual '�;�.'��, --
<br /> or threatmed setion,su�.or othor proceeding aHecWng the Proparty. Orantor hereDy appointe Lond�r as it9 attotnsyan•tact to oommence,intervene .
<br /> in,and defend cuch acUona,su'de,or other legal proeeeding�an�to Corraromise or settle anyclalm or conVoirersy pertNning thero2o. Lendar shall
<br /> not be Iiabls to Qrantor tor tmy actlon,ercor,misffike,omission or detay pertelninfl to the action9 dsscribad in this paragruph or nny damages . �
<br /> � rosutUng tNere}rom. Nothing cantained horoln will provont Lender hom teking the ncUons dsscriDsd in this parapraph in ttn awn name. .
<br /> 14. I�iDEP!ltJiFiCAYtO�J. Lender shall not assums or be respons3bio tor tho poAormnno�of any of Grantor's obti�atinns wiih rospect to tfle PropeRy
<br /> under any circumstanCOS. �rantor shail immodiate(y provido Londer with vrtitten noUce of and indsmnilyr and hotd LenQer and its sharehotd9rs. • � .. .
<br /> directors,officers.omployoes and agettLS hartnloss from�II ciNms.damages.ItabiliUes pncluding attom3ys'fees and log�t oxpensos),eausea of .
<br /> � acticn-actions.suits and other legaf a�coodlnfls(cumutatively 'Galms')per4aining to the Pro�terty(induding,6ut not limited to,those involving
<br /> Hatatdous Matodats�. Grantor,upcn!he roquest of Lendor,shalt hire legat counsat to aefersa I.ortaer hom sucn CiaSms,arsd pay tine aifiarnsy�i�. �- =_-=�-°=='^
<br /> legal expenses and othot costs Incurred in ecnr.ecUan L�erswith. In tha alternativo.Londor shaii hs eritiUsd to employ its awn Ingsil couns�l to detend I
<br /> � such Gnims a!GrantoYO cost. Grarrtor's otiigs�on:r.,�ry�emnily Lender unEer thie peragreQh shall survlva Me tormintrtion,roteaso or fore ure to�f i ,
<br /> thi9 Daed of Trust ��. 1V�Sn\� f `
<br /> . LP+VE8118+�formAtwnTCMno!o�ea.�nat8/�E.7:i �J7�-�9 Page2of�.! 1`f .
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<br /> .. ' _ . . -' . . .. " .- � • _' .. � , ._ ...�. . .., , . ,�f . " . . ' . . : . .. , _. . ��� . � � . ' , .
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