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<br /> . . . � 96� liD'�'45 . _ .
<br /> � 1S. TAX_S APiO/LFSESSlSEt77S. Qrnntor shaii pay eU taxea ar9tl tewe`"-.ym0a�te ro!�ting to Property vri�en due and lmmadiataty provtda lender • , .
<br /> A
<br /> svldenea of paymoM of sama. UPan the requast of lmnder.C-m.MOr shall dcpa;lt�v�Sti l�ndor ead►mamh onsMrelfth(t/t2)ot the ssti�matod attnuv �
<br /> inaurtnco Frsmlum,texas artd assessmartts pertstninp ta th�Froperiyr. So lona rr3 thoro ta no data:itt,thase arrtouerts anall!reappiietl to tlte payment , ; "�' '
<br /> o}taxus,a�se.,�m=nts and irtsurEnq ns reRuited on ttfe Progstry. Ln tAa svcnt oi Eotsult,Les[d�r flliafl AavO Ua rigAt,nt ib se!o o�on.4o app(y the , ,
<br /> tund�so hNd to pay sny taxos or egu[nst tAe ODfigatton9. flny tund�epplEsd fiuy,ei Lsader"e opticn,Do rtppt184!In reva�e or�er ot the due date -
<br /> mereat. -
<br /> te. IHSPEL'TtON QF PAO�Efi7Y. �O��t9,RECCAQ9 AP�b�RE8039T$. Qrnntor Fhcil oit�a lartdar or its agants to sxamine end inapect tha � i'�,`` ,j`i+-
<br /> � RrayertY end sxamino.Irtspest and mahs cop!�s of Qranmr's Gooks end re��a pertains8 cn ltio Praparty from tim�to tlmo. (#�r slui111 pcavtdo }T� �.
<br /> any assisteneo required Ly Lender tor these purposeA AO of th0 tlpnahwx�and�rstarmaUen aeMSlned 1n Ciranmr's baolce and rocards shall b� ; .. -
<br /> . genulne.tru9.accurats ana complete in a11 rasttecls. Qranior ehJl rtrY�e tha wci�nnca of Lar�ar'o btnafietal tntenst In fta baaks and neords
<br /> p�rtaln(ng t�the Property. f+QdiUenaUy.Q�ar.tar sIIall�¢pa14.In a fortn s�.?cc�ory to V�nda:.r,�ci►Intamwtion as Lcndsr may rcquos3�egrudlr.g ;�.::;:'
<br /> �
<br /> ' Qrar�ar's ftnandal condi�on or the Properry. Tho Irttormai'on sh�.il ds tar s:ap1 periosln.sriafi roflaci tirarKaYU records at such tlm�.and sha0 be •��t-i..
<br /> rond�red rriV+sueh trequenayr as Lendst may dasignate. Atl iMorrnst€on tumitfled by Crnn�r to LOrtder shatl bs truo.axuraW and mmatet�in clt - ,.. , .:<, .._..
<br /> ces�scs,and signed by Granmr tt lendar requests. n= ����Y�-3'�'
<br /> ,. ..;_.,..,
<br /> - 17. ESTePPEL CEiiYir'iCe�'PE3. t�L1ia ten(td)c?sY���Y�4+��hY iandsu,t:rariYCr al��t!Q�!ivar ta l�ndar.or er�y lntartdecl trenstereo af , r._:_;
<br /> l,sndrr'a riflhts vrith respaa to tho Obllgallons,a c[gr,ed arta aamox".aB ed s2tY:omem sp�tyfnp(a)th�outs�ndGug Datance on ri'ia Qbt , � �`"'
<br /> ' ,g�tklt�8fld ��,r�r•,,•`1'�-
<br /> Q . 43`. ..--
<br /> (b�whethpr Gresitar passessss any claims.deTar�eg.sat�fis or oau�ercla'sn$►�4h re�ect ts�tne Obligatlons end.If so.the nawro of suM ct^.ima �<• . '';��i.r.:':_ .
<br /> . Q6tIIngas,E3toNs ot coutttercleima G�antor wS11 be oondusivety�und by esty re�roserttffiicn that LenCer may make to ihe iManded trans!amo�vi� , � ?�;. -
<br /> ,-�; �:._-.
<br /> resp2ct ta these mffiters in the evont that(irenter fails to pravide tRe rcquostCd aroRamoM in a tims[y manner. :� ` , �g��;T;,,.��:.
<br /> 10. OEFAiiLT. Gra►dnr shall be in detautt under this Dastf ot Tru�ar�f!ho Trustee's Fawer ct�a11 Deceme operativa in the evont thut G.�nmr. ,-, ' � : 'g•bs;;{,�,,.:�;
<br /> BOrto'Imr or any puatantor af the ObliQa'6ans: -,- ,:.'�.,..�.,�:,�;-.t._
<br /> � (ay fsills to pay any Obltgadon to Lendar when dua: =:°:.°. ;lj�t;A�t:,�
<br />„ (D)f�ta to pedorm am�Obligation or breaahes any rrvtranry or cov�nrurt to Lander canYatned in tNs Deod ot Tnist or any other present or tuturo `i+M , . ��•� �'.
<br /> ` 8gtEr_mEfi� ""e..r�_r .=�..-
<br /> '�� (cj d2stroys,loses or damagos tho Prnperty in arry materiai respect u►suta 1ho Pra to se�ute�cortfsscation,or�ndemnffilon; . '"� � v
<br /> I� ��Y ` }7�� cY7I, ��s?"..-
<br />.�;f` (dJ seatas to revoke,terrtdnam o�otltenid�a Fimit Hs Ilebj.lfLy urtder arry gs+Er[snnty 4O IAndar, ' ��}
<br /> - !! ' t��7�� i 'j:•'�: ._
<br /> �+":'r,
<br /> "� (o}d:as,beoome3 fegriiiy incorr.(ret�f�dissotvad or terrrtnated,bacamos inmtvert.make9 an asslgnment tor the bansfit of rxeditots,fau9 to .����n�;r�=c_p_..��sro�.
<br />,�.-: pay dec�as they t�rne duo,fites a Rafffion undur tite fedar'd battiaupi�y ltnvs.has 8n imrolunlaJy patfton in banimip2ey filad in which Grantat. ;Fr9ss;r;. ..-�.:�:
<br /> ,,:,.,�.
<br /> '� Borrovrer or arry guamtrtflr is norrtod,or has proporty tsf�e:n uader arry writ or pra�ass of eaurk � �'R'��=��;�`"
<br /> '' , (fj atc�rs goods m be used.Uanaported ot stared art tfi�Pro�snfl.the pa�an,tranagart8�on,or u=o of whtch.is iUcsgai: .-.`.-�:;�c:_ {C�,"'.:','-.;�°
<br />.'t�`.,.
<br />,;.,:• (9)alrus afir party otteerthaa(3�nr or Borrowerto a�sume or undorlr�e aRy G07gaHon withoutthe written oensoM of 4scuter,ar .` ,�,', ;�Tfr}'.w-�,�,.;'
<br /> � (h) �s lsndar tv d�em imeti inaecure due to a eignificantdcd'mo in tho waluo ef t?.o Fro or if Londor,tn ead faith,iDr atry reuson, �� �-
<br /> F�3riY: fi r_...,;.:�4,�.:;�g,.:: ,.....'....
<br /> `i r� bNifl•�L'�at the pmsgeetat payc►rnM 1x petfortftartCe is i�rr�atred .,. ls.�ez',' .�..- ,
<br /> f4. Rt{iEfF�fi2F LENflEH ON OD'rM�l.�. 8 tt�ere ia a dsfaait under thLS Oaed o4 Tru�t.Lendzr shall bs enUtted to exerrdso ono or�tcm at tAB '��-r�;�!'3,�;:�::,':����.<
<br /> fo'!a�rdng ramzdi2s vrithaut no6co or dom.artd(ezcept sg n�rised by i�w): •':�' �-
<br /> - (8)LOQ£A3f9IIt9UQf738DORt7iii�iimiinibiyaia"om�jscyCr7nl�i��uri. —,-, �s������ �-
<br />;•�'�,'. (b)40�",3ct the o4�ding Obli�pltims witli or wHhcut rwar5n to jud'a�rJ pmc� ' "'"?31— --
<br /> ;,,; 8 '.::;,r;;i..+r:-='��:`_----
<br />���� (cj to cs��ira Grartmr to deliver artd�t�eke availabla to E.ender arty permn�l prop:rty ar Chattats conBtltWnB ffie Property at a place teasonabty •�`.,ti:.,:� .._
<br /> "�'�� com�r.��tto Grsrttor and Lertdor, '` �
<br />:,:�<<`; (d)to eMer upon and taka po�of the Propnry witAout a�piying tmr or obt�:ntn�the appeLrtnsenE df a recehror and.at LenEer's aptton.to ��, >r,., :, +�.�.'
<br /> ` aPP�nt a receiver wiihout 6ond.vi�iuut flrst 6rFngtr�g suit ore tho CA�I6;{ations and wfthout oihen�rtsca rrx�ding arry st�etory cond�Ians reparding ;;...
<br />:��,,;; recoivers.it being ir�tanded thtli lenrtar shatl h¢ve Mio eontrac4uai�ight ta appo'ud 8 cecaiver, •
<br />�,:�;:, (e� to empioy a managing agont.a4 t�e Praperty ertd Eoi ttra sam0.Q`.thor in Trustee's erm nama.i�`t`e rt�ci'I.c�ndar or in the name o1 .a�. <� .
<br /> Granior,aad receiva ti�e rertc0.(nGOmes�i�suas er�t prc�it9 of tho Proparty and eDPhl the sama,rr�r paysr.e�at�qF nacessmy ct►ar({oa ans! ; :.;� :
<br />','��` exp�:3s,on accourtt a:tha Ob;ig�Sipt�a;
<br /> (fl�a,;.:.I any sums in arry tarrtn a��ramer doemed oxpudi�rri by Leirdsr w p:o�ct tho seeurity ot tn:s Deed oT Tnrst Qr m curz�°r3nic�t othor %:. e'
<br />" , � tt���;c�ir�ar►t of irttarect or principal rm.tha ObligaUorta: ..'�i;�..:
<br /> !� (g1 trs t�r,�c1o�this Deed of Truat iutflciaily or nonjudidaity an�ta dlrr�t tna sato at tha proporty throagh exetclsa of tha�uwl��t aata aa � �..
<br /> ' ro`ere;.rd tn parr.�r�J�20 horaat(n uoccordar:eo uttA applfeabla lu++,
<br /> • (h)t�set.pff Grar.r�s.C3511gatinne a3ainst any emoarta+owad Cranmr by lendcr Irrdusling,but�ot qmited to.martfes,(nstrumertb.and deposi4 �:
<br /> ,�,%°I.� a�,::nsmalntatneavri�hLundorrn:�ycurrenUyexlstingorfuwreaffi'�'taoitrinder,sn6 .ii��;.�"
<br />�:;4..,� �r�ercrse a�i o�or rtanm a,m,:tJ�la�ftt t�nder undar a-ryothervrrittan ragmsmartt ot appllcebla law. >Y • ",��+` '-
<br />,,-,�`: lSS�$zi�`1t9 8ro cumulatve end mD�+Mi�23rClsed tog3ih�f�6o�8tf12oSy�an�in arry arder. In the ev�r Lr.s Lendsr insUU�s an actton caofdng the "`� F.'���;'.
<br />: �a„ rocaro^,�at any of the Proporry by wr�af��a�eJ:+dqm3rtt mmEdy in an avYon aguinst�raniar,Qrart�T ar,�inras tflo pasl(ng of arty bond whicA m(pht '�t` ;�
<br /> •��;;� oittetwiso be roquired. Lender or Londot5s Casignee r�y�p�uchase tfie PrapeRy at arry sats. ProceeCs�r9�tty Ttustee'a e�ls henunQ�r thiW tw ' _e,_
<br /> ::;�• epylied first,to tho costa and o::ponoes at axardsRg t!s¢�yrnNer o?sata anG a�t tho aals,tndudhsp the paymer►t of tha Tru..^ir�"a fe�a�chiaily(ncwred +Y
<br /> and not to exceed the amount whiah nim�.bo pta�Ada���r Icc tAta Qeed ai Trus1,�ecand.ifl payment oi ths ObligatiarrR�red h�nDy.811td.to ih� �:`
<br /> !:�<,�' paym�ni�f juntor trust doeda rt:artga�o.or othor IienRctders,enxf tl�v btlimc3,N ar►y,ta tt[0 p�rsor.or peraona IeIIatly amfii�d fhtreto. The ptapettY ',j" ,��'"•. .�
<br /> `.;��` or arry 1�r*tt�aroaf may be sotd s onn�a'rcel,or in auch puosf�,ms�nnaa or order es Lsnder in ita eots disa�tion�^3 etect,a�d+use or mars ��T��+���.__--------
<br /> ,.:i exo:��as��•!he power herein prarrtad sfiqlt�wt extlnBuleA or e�austtho pavrar unl�satha enUro property Is scRi oriha ot�e�ations amp�afrl:(n'fnil. ---=-- _-=—.-_=
<br /> ;� �� Zp TFIJf�=.r'E'S DtERCiS�c OF P�014T�i(1F aALE OH OEFAULT:.Upcn do?autt by tiram�or in paym�*L al any OffiiglNans asu.�t ftarth�t,iendsr � , ,
<br /> rrtay E+.�7s�,�a all sums�rad hor�y l,�smudiatnty dua and payabio an�cPtrJl awse ta b�Rtad of rerard sz vrr.s�n nottca of dehuilt a.�alaet(�Lo afi ���;,+�r�. •���':..
<br /> ;.,:�� tho PtopvKy. After the tq�of auon tirt�e as then may bs ssqulrad Oy IuN tot�rr��ncardatton ot su�z rn:JCe ot def�tR and no5cs e#-eds havinp ----._
<br /> 66aa given as then cequ:�rt�i by law,Tn:atae,withaut damand on Ctacrtat,sA�1!se11 such pmperty,e(tt�er ss a wFtate or trt m�r3�at�pa.'ee7s,ssrtd in such �;.-----�._,..,
<br /> ordcr a9 i!or tendar may f•rrite►rtinn at¢ubiio aueUon w tAe hiptsast bkidor. Truttae may pos�tpono the sale of atl ar�g�e�en of th��roAertyr Ir�r. �"�'—�-'�u`=
<br /> t
<br />:.,,;,� Pu�:tc ar�aunoement at trio timo ana ptt�a of salo.ond trom tlm�to U:no tharoaftor mu1►Fos�one th�sate by pubti��as�uncamern a3 s�sa rr.:e mc1• :�:��ou:�__. .
<br /> � plac�f�ra1 isy the precadin9 D4stAmrcmaaL T�usf�o sAall deiivor to sue9�purchasor ft�daot!oo�r��e property.or porNon tlfmra�F,an e�•Is�f' �L"i�"'"2�'d'�""'�
<br /> -' wltRaut e.y covenant or wartanty.o��anfie�sr implied. fie redt�Ss In su�Qoed of arry mattars of .,st ar��thetwtse ahaU be cortct4slm���nnot aft�r� -__--- �...
<br /> "'..i'� tutMulnoss thoreof. My poraon�Inc�:u!ln�;f3:anwr�Tnutea or lendm,mLy puraha^.e at suc4�sale. '— -__- -- k�,
<br /> ::;''� person who�s e p�arty h�rn�az t o�af such patrurn^d�et w�Ui hrr�at fhe aam Urrte and in tl�same ma�ima�equ�ed as tha��e�� ��������'
<br /> ; '�+c
<br /> �pu�sttheraof�ad beai si'r�f Cy ouch cuch persan. _ '-'�'�'
<br /> ' ?2 SECURfiY INTE[;�s UuHEIi lli�UHIFaRM CO1WfKFAC1Al.CQOE Thls O�ed of Trost shall bs considered a ftnancin statrnse.:.and ca rx'�...��
<br /> ., 1.� tfxhuo filing pursuant to tho prav'.cicnn of the lfiNorm Comro►�rctsS Cada(r�adopiad in tho atato vfie�e the roal prop�rty ta focated cQraitn�flxtures. �`�'•i��• �
<br /> � �'iB�F����.
<br /> chl�ml9,and arUclea of peraonal pr�port�now ovmed or hsroaftor uta�red to or to be used In cannecGOn wrifi tho P4raperty toIIsthsr a{ft��.y and e11 �`�'J,pfi�J?t��-.:.
<br /> � ropiacements tfieraof and Ftddiilono 14ioreto(ths'Chattet�'),and Qroni�t hvroby�rant�Lendar a aeaidty itttersst in auch CA�attets. Ths Q�btor ia ths :�
<br /> � td
<br /> � (iranar doscribod abova. Tho coca�ed party is the Lender desrx�EW abave. Upon demand,�r s3fati make,executs and dalivor such security
<br /> �'�''� aaresmerrts(as such term ia dofinn0 in seid UnHortn Comrrtardai CoQO)as Lrendsr at arry Ume may aeem nscsssary or proper or roqulred to grant to �• �
<br /> ' Lender a perfected securit�/hNnrQSSt in the Ct�atOels,end upon(irnntor's isSture to do so.LertQer Is 4�orixed to slgn any suo�qqreement as the agertt �1�'.+•
<br /> of i�rantor. (irantor he�eby aulfiod�ao Lsnder to fiie flnandn�staYlmt7m(t�w c h t erm is deflned in taid Unitortn CemmsrGtl Coda)with r e a p�c t to • ��'
<br /> ,, the Chatto�s,at any tlmo,v+►ithout tho cl�ttute of titantDr. Grantar wi!t,h�v�ever,at eny tlma upon�ucr.a}Londar,si�n aucA ftnandne�tsmente. �_�j�`k __��;;;t;�;-:
<br /> • � ararY.vr�:nti pay all Qling feoa ior thu fif:rsp at such flnandng atttvmmt�and tor ths retiiing theeaf ai tfta tic�es tequlnd,tn th�opini�n af IAnQsr,by �,.� � *��..
<br /> � �� oatd U�i!r;rm Commorcial Code. tt tho 11en af this Deed a7 Trust b!se�b;OCt to arry aecutity aQroemant cavmin�the CtfattNs,tAen tn U�u avent of any 4•.���rYj�t;:;
<br /> ���:��; d8f8utt un�er this Deed of"fr�ot.all the r[ght titie and in�restot<ir�rt��in and to atry end a0 0}th�CAatats s h�nbyassignad ta I.mnCltrr,ta�elhet �?��ttii.�;�'f:':i•r.:._
<br />;�•'i^�`��j�' ���9 nenefrt of eny dopo3ta or payrt�er:t�no�N or her�a4tsr msds th!reof by Erentor ar the predecss�ors or su�++s�In ti8e ot t3santor in tha �''� �;�'+'-�'��,�•
<br />''�_:t�lc ptoyerty. . ,���.►,�u�;�:�._;
<br /> .r;, : --
<br /> ���:�t. 2:#. REIMBUASEIIAEY�iTmFA.�IOUHiS�F.t,7aED8Y6Et��ER.lnn4sr.rYtlsnderaoption,mayexpendiundsQnala�tngnttomerys'famsmdl�rl „�%�r�'
<br /> � �xpsr�t to peAorm nny nct�equired to be taken by Granrtar or ta oxa�ce arry dght ar remsdy of Lend�r under tAis Oesd of Truct IJ�san dem�rtd. ��,�L:°_:?:.�;.'.�'�-�;�� •
<br />� QfdflSL7 91}a.tllmmematoly roimDurr,e lnnder for all such am�wrts e�aqsndcd by Lender togsther vrltA Interost th�cson at ths towor of tha htghest rate ; -.�'•,�,:���..��^,'. '•
<br /> � Qe�cfit.�i In eny Obti atibn ar the hlghest ra2a eltaxod by Isw irom thm date o1 paymartt untii tf:e dats of roimburs�m�nt Thene aums shall be ••••r�.:;�.•..�...�..�,.
<br /> inciu�d in the dofinit�on oT Obtlpatlorts herein and sha(i tra ser�rod tiy tAm heneflcial irttersst praraed he�ein. R the ODil�ations ere pald aPoer the -r=�r.-:� `��i_.�•` �
<br /> at • ��:d- �.
<br /> �� trtpi nning o!pubiicauan ot noU�o of sato,as herNre p:ovt9sd,or In tha everA Lender ahull,at ib sob optian,pertnit Orar►to►to pay arry paR ot the `..,:_�: ; .. .
<br /> ,' pbTtIIntione aker tt�e bopinning ot pubticatlon o!rtoace o?sale,�hrre:n pravided,then,tirantor shall pay on demand atl oxpenses Incurted by the . _:,,,,�,�,,,:,�;,:,�
<br /> c
<br /> Trustso and Londot in connactlon witfi said pubticatlon,inctud:r,g cea�ona4:e attomeya'faes tothe attomeya for tho Trustes and tar tha Lender,and o � ,�.�,..,,: ' . .
<br />-' If3EOfl3b19 f@0 t0 ih0 TNCI90.Md U119 DBOd of TNat shall D+secv:ttjfor aVl such expenses and fees. � , •
<br /> � ?A. tlPALiCATiOld OF PAYtAEtiTS. NI psymenb mads try or on�!tult o1 Grantot may te appil�egelnst tRa emouMS pald by Londer pncfuding ,
<br /> atmmays'feos and legal expenses)in eonnectian witfl tr�exotciso a1 iW rights ar romodla�d6scxibsd(n t�is Cced of Trust end thon to tho paymorn �
<br /> 04 4fie rematning Obtigatians in whatever order Lendar chocsea
<br /> 2�. POWER OF ATTORAtEY. Grartmr here�y In� l.aiCsv as it9 cittomeyNrt�i w endctce CarBntoPa nama on all insVumertts end other � . ,
<br /> app� tto
<br /> dacuments pertaining ta the ObBg�tians or Oeed o7 Tn:ot. tn oddiCOro.Lender shatl be ent(flnd,but not required,to pertorm any acUon or executoarry • � � ;
<br /> � doeumant rcquired t�be telcen or oxosuted Gy tir~uae� �cv.Car tA.0 Qa�d o1 Trust LnnCoYs psrtormaneo 01 sueh cetion or execuUon o?suefi ..• . •
<br /> doeuments sha11 not relia+re Grantor trom eny Obli �6on or c,uw err�datauS4 under 1h1��ad of Trust All povfers ot uttomoy described tn ffi19 Q�ad af .. :
<br /> Trust are cauplCd rr.2h an intCro�and aro irt o. • -.
<br /> 2•7. SUBROGATION OF I.EtiOER. Lendor shn11 tra su6rcapaf.sd:U�Ao�ighm of th0 holder of tu►y pravlous lien.socurity interest or onambrance
<br /> �"—` G�3t,hac{sd tiva�t•sds srt�s�3!r;:�r�,°s tt�.:sC�o'.l�P=ei".sr!".�!ie�_9r_!st;�3ntsres4e 4t!�!7+er 9n�mbranees have heen reie9std Of teCOrd. � `.
<br /> , ' - .
<br /> �p,y�i�C • Fq'�`AnOn TMFnCi�H.inp 16!?8•851 ;600193�3769 Pege9af! . . .
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