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<br /> rrhen da�and Immc�latn�provitla t+n-ndar "� � ---
<br /> 1& TAXES A.C3D ASS�SSFtfEtNTS. Qrantor st�all pay all texss and essessmenta rolaUng to Prop�rty , � . ,� �
<br /> evtdence ot paymont of aeme- Upon tha wquost of Lender,Qrantor shall dapotR tvftA Lend�r each montit one-twetNt�(t/12)of tAe esUmated annual � . „ •
<br /> insuran�premlum.tsxes and essc+ssmoMS p�rtalnin to tha Propsrty.So lon as 4hara ta no detaut4,thoco amaurns snall be aapfled to V�o payment . . , , -
<br /> of tnxe�,assessmertta and insurance as requirad an t8ha Rro�rty- tn ttie event af cisfau�,Lender at�atl havo 4he rlpht,ct H5 sata opUon,to apA►Y�� .. ' . `'`
<br /> turtds sn held to pay c+r►y texe�►or against tha Obiigattorta Any fiinda apptiad may,nt lan6orb optian,De applied In revereo arQer af the due daU �.�'+ � . }:. . ,� �,_
<br /> � thersof. � �; ' ' ' -_
<br /> 18. INSPEC7ION OF PRGP�R'1'Y,80aiC3,aF.4�R0°r Asd�i��PORTS- Grenmr shull attow Londar or its ersts to examine and tnspact the �;.`�
<br /> e� .
<br /> Fropany and examino,irtspect and maks coAies c1 Gra�Ps baoks ard reeords pertaiNng to the Propeny trom lime to Ume. tirantor s��lt provtde •
<br /> - any aSSlStgnct�requir8d Dy Lon�r for thes�pu[posas. All ol tha algnawros and iMarmatton eantalned�n Qrantor's boosss and reeords shall t�e . . '�
<br /> genvtne,true,accurat6 and oomple4e in a�l rsspaets. G�►►tnr sh�ll rtote the existence of londeYS bertaP.eial iMaraat in ib boohs and recnrds , , s
<br /> pertaining to 4he Propariy. Additionaliy.Grentor 8hn11 renert,in a torm smtistactory to lenEw,such intortnatlon as Lender msy request regarding
<br /> f3rantnPs tinanciat condi8on or the ProForry. 71es info[matton shall ba tor such psriods,shall rofteet firar►tor's recards st sucn Ums,end sh�ll bs t x
<br />�;� rentt�ra!,:�ifh suah Nequency as lsnder may designate. All informsUon fumished by Grantor to Lendor shall be true,axurate and comptsto in all . —_— , ;
<br /> respects,and si�nqd tsy t3rarttnr H Landar raquosSe. • , k
<br />'�..:; �� E�fQ�p;�,CEA'�IFfCpTES. K'ithin ben{70�days attor any�equest by Lendor,(irentot shal!deliver to Lendttt.or eny intended trertsferao ot , ,
<br /> LOndet'9 dghts rr(th tespoct te tho Obligationa.a s'gnf7d and acknowlodpod smtemant specHying(s)the outstanding Eatance on tha Oblfgattons;and
<br /> (b}urhether Q�or pussassos anU cialma defensss,setofta or couriterdatma vrth rospect to tho�bligatiar�and,it so,tho nad,re of such clatms, :
<br /> ga
<br /> dofansas,aet�ofia or eounte�lalma(iranwr wil!tie concivairaty bound by any mpros�nmdon that Lender may maY.o to the ir►tnnded transteme�vith
<br /> respact to those mattara tn the evorrt that Qrar�mr tails to prcvisia tfiio requestad smtament tn a timely manner. � •.
<br /> �
<br /> tfi OEF�l9JLT. (irarnnr shall be in dstault undar this Dasd ot Trust and the Trustee's pawsr shali Dacoma operative in the svont that Cirenmr.
<br /> Bartaervr or erry guarantor M the Otrligations: , .
<br /> {a) �Is m PaY�II�b�igatloa to Lendor whan dua; -_
<br />� •'. ro� frciis to�aorfctrtc ary Qbiigetlon or brea�Aes any wartanAl er covanaM to Lendar oorttained in thfe Oeed of Trust or any oiher pre8ont at hiuiro , _-_—_
<br /> `:a� agrscimer� -_---
<br />• (e) dysuoys,lasos or ds�rr��tha Prapsrt5/tn arry matarial respector sub jacta tha PropaRyto selzure.eonfise�ton.or condemnatlon; . . . _- _
<br /> (d) seeks to rewke.teen^��or othetvdss limti its Ilabil'dy undat any guaranty to Londor: ' .
<br /> ``. (e) dies,6ecames isgcsitv ir:ampeteM,ie dissotved or tvrtrthfated,Cesomes insolvarn,mrikos an assfgnmoM for the bsnofit of creditors,taiis tc
<br /> g kos
<br /> deLs asthey become due,fiiea a patltton under the tedsral benkruptCy laws,hes an fnwluntary paUttan In baniauptcy fi!ed 1��vhlch Gratttor, . . �:'�����
<br /> gp��c r„r arry 8uarantor is nama d,or has pro p e rt y t a k e n u n d e r a r ry�v ri rt o r p r a c e s s W c o u� , � �� �-
<br /> ;. ;` �_�`�"..�..
<br /> - - (fl ai(moas;,00ds ta be usod.tranaported o�atorod an the Property.the possssston.transporffiUon,or use of vfitct�.ts iltogal; ••��.- _.
<br /> (g) allwss arry PartY othsr tt�an Grantor or Borrovrar to asEUme or undertake azfy Obligatton without the written cortseM of Lender:or , r,�.-..,�„ _._
<br /> (h) cauees Lender to dsem itsaH insecure due to a signiftcant dediae in the value ot the Pmperly,or H Lendar.in goasi�.for any reason, _ . _ . _,Y�:�.
<br />.-- heltaves that the prospec!ot payme�or pedormanca ts impairod. -'-"-"
<br /> •°�„'...
<br /> 49� AIGHiS GF LENDER Qt!OEFAULT. H there is a defauft under this Oeed of Trust,lender shall ba entitfad to excrei�t c.-a ar moro ot Ure —, - .,.��,:w=
<br />,""-:.a. fallawing remediesw[tho�t nonce or demand(excoPt as re9utred by taw): ��'� -° --
<br />�sT"' (a) ta dedare the Obitgattcns immediatoty due and payabte in full; . �
<br /> (b)tn collact ti�e outstanding Obiigations w3th or without resorting to jndidal pracess; `
<br /> : c to ire tireninr to dollvar and make avaflabte to Londar anY personai property or Chattets constitu8ng the PmpeRy at a ptace reasonabiy .�,�;��
<br /> r � ��mrenioMtof3rarrturandLendar. '�•�-'-•-� �' "`
<br /> , ` (d} to e�ttor uFort and tnJso Pcsses3lcn of Use Proyerty without apptying for or oDmfning Uta cppoiMtnem M e recefvor and,at Lender'e opUon.W , ; a�•
<br /> Ut
<br /> appoiM r�mcaivar v�*:ir.�c�(ocnd,wtthout ftrst bringing eutt on tho Obfigc�iatro entl without othorvdse moating any stati+tnry condiftons regarding ,,;�,�.,; i`�-
<br /> � repiu�r�.'t L•etag ir�i.+r�ad that Lendar shall havo this cartVnotuN d�ts!t�r�spoirn a rocetver, � : �, :,�� ..
<br /> �@) t�r c�Tir_.�a rr.anag;ng aqertt ot the Properry and!ot tho cerr.m, �ilrrF in Truatse's own name,irt ti�name of tBnder or i�tho.^r�o! -� . �r, '�•i.".
<br /> r
<br /> Qrant�_aer:recoiva�e ro r�t e,incomos.i s a u o s a n d p r o f r t s o i�ti e�3,�•-'t Y and a D P 3 Y tha sams.et��ayment of ail neoessary c'��c�es and . •.i`�..1 . �'�;. ",�`i . 'R'
<br /> .�; ' If�F � �
<br /> expenses�on aecourttd.°�e ObliBattonr �" ' '.;�.
<br /> (fl 1p pay any sume In r�s,y 4otm or manner doomed ar.prr��s+-x tY t.�'cac*r m P�otect the sscurity of th(s Oead of Truot or tn aro erry dafauR athor �;'� .+.'- �'t f3t"'
<br />. ! than paymaM of tnterec:�pdncipal on the Obllgutiar.r� , ..�. r i t���;-..�_�-
<br /> '' r (g) to turadose this Oeed of Trust judicSalt or naa�a�r:�J'i and to diract tha sale of tho proparty thrc:��:oxr,.-�d�"a.a powor of sale as „�� . i"'-
<br /> --<. . •.l,i•ri�%.._ .p;..
<br />::;"' referenced In Paragreph 20 heroof in axcord nce wfth aF�;.1i�b18law: r�.�_ �
<br /> }�'• ,• (h)to set.ofl Grar►tor'e Obligations apalnat nny omounta owed Grentor py Lsnder inctuding,but not timitmC�a,Asonie9,r.isCumertm,und dapasit . 2``��i;,_,,�^��!{',
<br />�;�.;�:� : a�ounm maintairt�d with lender or any currer�ly oxisttng or fuwro affiliata of Lender;and
<br /> (�to exerdsa ell other rlghts avaitabie to LendQr under eny athor wrriton qqroomeat or appl:�a4te law ��. �:
<br /> Lender'&righte aro cumulative aM may ba exerdsed topethar,soptuatey,end in any order. hi the event that L+ender InsGtutea en actlan saeMng ths �'• ,
<br /> � reoovery c�arry of 1he Roperty by way ot a ptajudgmerrt remodv in an aCtion ngninst Qrantot,(3rantor waive�the posUsva d any hond wtdeh miflht �' :.�.
<br /> a Rnfled 8rat,to the��and expen�ses ot exe�rc�ii��gtheapoPwer af eato gn�c B►e sata,In6tud np th�e p�aYrt►ertt of tfla T��am'�(aes ealualty incurtsd � y .4, ,..:-:�rr.i:-�:,
<br /> ' end rtot te oscoad tho amoum which may be prov:ded tor fn thta De�d ot Tru�second to payment of�ho Obligaitons ce�c�ad hsrsEy,thitd,to the
<br /> payment of juNor truc;t QeaOs�,morcgagea,or othor Itonhotdera and tho bn`ac+ar.if arry,to the person or parsoria lagaly eriti�ed ihereto.lhe property ` r'=-",;-�- __
<br /> 4 . orarry part tTierool muy bo sotd U orta parcel,or in suoh parcats,manr:zr:ordar as lender in tb sote d'acetlon may siact,and orts or mon «w;��� =
<br /> oxerciaos of ths paaer hore"r!e grontecl ehall not sxNnpuleh or e�aust tho pawer untess the erttlre proyerty Is aold or Ms ob3�tions are p�id(n tull. �
<br /> � 20.TRU8TEP8 D�RC[�l�F POWER OF SAl.E 010�E6�AtJaT: Upon detauit by tirtntar in paymeM ot any Ob1i$aEa�aeauW htnbv.Lsnder � ';`:.�'''.�.;, . -n�-_
<br /> may dsdtro ul aumo saaimd c�aroby immadiatoty dao er�ix'ls�bte and ehaii cause to bs fltsd of ncord a written r►atice a4�i�it and N�on to a�ll , � . �.:-.••,.,c��-
<br /> a
<br /> the ptppeRy. After tt�o topss of such timo as N:Hn rt�ay ba r.�,qulrad by taw toltowing�ecordation o!auch notlo�of dstauit,�sd notice ot ssts hiving `��.'.' '�.- • t'''`�
<br /> b�en Siven as than roqulmd by taw,Truatea.+�a�L^.oat Qemana an Qrantar,shail se11 euch property,aither es a whote or in separate paresi�,and In sue6 ______•�t_''r_���---- _=-=
<br />� order a�R or tender may dotermine at pub7r.auotlon to the highest bidder. Tnrstee may postpona the sats of ail or nny paAlon ot tns Property by '`�'�°�`=�,�.;.__
<br /> publio announoemsnt at ths t;me and place of sa1e,and irom tlms to Umo thereafter may postpone the asts by pubtlo announoemsM atths tlm�and ��,;y ;��:.
<br /> " p►ece fixed Dy the prooeding postponement. Trustee ehe11 deliver to auch urch,aser tts dead como�In the pro erty,or porUan thereof,ao aoid,but . �..�, _ �
<br /> wlt�out enyr cavenaM ar wa.�ranty,expross or impiied. The racitats In such deed of an mattora of�ac�or othe�iso sh�ll�o conclusiw pmo}of tho _ ' �
<br />' � trulhtutnesathersot My person,incfudin�Gtantor,TNStee or Lender,muy purchace aisuch aale. �' ;��a,��,'.
<br /> 21, RE�UEST FOA NOTICES: (iraritor requeste that a copy ot any noUca of detnutt and n o0py of erry noUoe o1 sate heroundflr ba mated to essh ��'�"'-� -
<br /> psrsm who i.^,a puty hereto a!the aQdrecs af such person sQt torth harel.R�i the eame 8ms and in th�eam�manner requirod as thouDh a separate "•• ' -��i'.-
<br /> repuest th�xmcrt had baon fitad by each tuch Drerson. �fi`:� :„"""' —.
<br /> ' 22. $E�UL�=:C°1 Ilfi�RE$T UD1aER THE�i31i1F0AM COMME6tC1AL C41C+� file Oeed of Trust cha►I bs conaiCsrod a finandng stat��sv and a .;;_,y,u����(i��"�'''.�
<br /> fixtur�fiiing pursuar►tto tho pro�islons of th�Unitorm Commercial CAde;a3 adoptW tn ths staU wh�rsths r��l prop�rty Ia tocetetl)ooverirs�ffxtuna, •.�• �; �---
<br /> "'�",-�--
<br /> • ctftttela,and articlas of personal property ncw cxned or ha-az".nt eitachad to or to De used In connectton witfi the PropertY�g�thsr with alryl and tll �
<br /> • ropl�mertm thsreo!and addittone t�ewto(the'(7hatto:s"�,srrr`(ireMOr hereby prents lender e security intoreat In auch G�'r.�tl.'�ia Th�dsbtor Is the .rt.... •. :,.;,�_;:—
<br /> Qrunor Eescxibsd abave. The securod party ia tho tan3�r q�aribed abave. Upon Qemand,3rentor anall make,oxac�o rms Aettvsr suet�sacwKty •µ, ' , • ___
<br /> aproomont�(n.a sucb term ia deflned in r�ti tk^ifortn Corr:":er'.1e�Code)as lnnder at nny 8me may deem rteoessary ar pr,,,�.er or requlred to prant to ,.,�af,S�% � •;_
<br /> Lender a por[+aotod Eecudty intnroct In tho Chac*eb,and upon f3rantor'o fa;:Jro to do so,l.endsr is author(xod to a,&n any sucn egtaement aa the ageM +o:`,;p41�t,`':rY;ti, ..•� —
<br /> � ot(i►antor. U'n+nwr heroby authorizes lsnder to fite tinancing a4etements(aa such term is detfned in said U^Iterm Co:r.�nerzlal Code)�vffh respect to . , .ti. .�._.
<br /> t3is qfattols,at uny Ume,wi4houtiho si���,�o�a�wr. a�to��n,hawever,at any Ume upon reques!of ler.::sr,c',rin s:.�.h flnaneing statementn. ;�i�__�s-:_�II�,•�_
<br /> Cyenwr witl pay efl flting teostot the fli ng of auch flnanct��wEtementa and tor ths retlling thoroo!at tho Umes req:Jru3,n Usn opinfon of Lender,by ��W�:s��;�?_; --
<br /> sai0 Uniform Commercinl Gade. If the Iien of tfil�Oeed ot Tn�c3 be subJect to uny security r�roomor�covada4 tha Otau+tfr,tfbn in tne evsm ot eny . �
<br /> dehutt undar thta D�ad o f Truat,a l l t he r ig M,t i ti e a n d i n t e r e M a 1 Q r a�or tn and to an y and a110}the Cha4tet919 h6.�bj eawt�ned to Londar,togethur �
<br /> with tho 6enefd of any dapnaits or paymerttn now ar hereafter mede thareo}by Graritor or t1ro predecessare or ssx�.�In title of Grasstor In the � . _ ,�t�...
<br /> Properiy. . .
<br /> 23. REOMBEi�SEJN�NT OF ANiOUiUTS E�cWD'cD 6Y LElJDFSi. lander,et Lendsr's optlon,muy expend f+artr.3(nctua:�rg aNameyre'tecx snd tegal • •�'�:-?
<br /> ' expens�s)to poAorm any ac1 roqutred to be takon by Grantor or to oxeccise arry d8M or remedy af Lendar ur.�r thls Oae�of Ttust Upon demand, . .
<br /> Qtantot afi�11 immodiatery reimburss Lender for all sueh amounto expended by Lender togethet wi1h Intorest tAerean at thcv 4ower of 1he highest rate �
<br /> doscrihed in eny Obfl ation or the hlghost rate elloweaf by law fram thv dato of payment unUl the Qate of rolmbursort:on� These aums ahall be . . . , . .
<br /> Inctuded In tho deflnt�on of ODligetlona hereln and shall be secured by the benefictal Inierest grannd Aerein. If the ObligaUons are pald after t�o ._ �,
<br /> beginning ot publicaUon of notloe of sala,aa heroln pravtded,ar In the evern Lender nhall,at ib�sob oplion,psrtnk Gnrttor to pay ury put of 1t� _
<br /> � OD ligations a f ter the treglnning ot publteaUon of noUoa of salo,aq heroin provided,then,6rantor shall pay on demand all expenses Incurired by the .
<br /> Trustee and Londer in oonnecUon wtth cald publicatlon,including reasonuhle attomeys'fee�to the ettomoys tor Ufe Trustee and for the LenE9r,and a . _ ____
<br /> ' rotsonable tae to the Trustee,and this Desd of Trust shall be sacurity tor atl such oxpflnses and fema . _
<br /> 24.AAPUCA?!OH CF PAW1tENT5. Ali paymorAS made by or on befia�t ot Gtantor may be app►iedaqainst tha amou�paidby Lendet Qnciudinp _ : _
<br /> • attomeys'tee�and tepai expenses)In connecKlon wM the exerc.fse of fts rights or remetl►es described(n thls Deatf of Tru�t and tfien to the payment . �,,..
<br /> � of thc►remnining OD1igaUons in whatever order Letndor chooses.
<br /> � 26. POYJE6i OF ATTOWNEY. Grentor hereby appo�nts Lander a9 ita attomeydn-fact to ondo�se Grantor's name on ail instrumor�s End othor
<br /> � documoritfl portaining to the ObligaUons or Deed of TrusK. tn a�ditian,Lender shall be entWed,but not required,to pedorm any acUon or exaute any �
<br /> documoM requirod fo b� taken or executad by Grantor under tAis Qead of TNSt Lsnders peAormanoa of such action or ox�an of such •
<br /> ' documentt►shNl not relieve Grazitor trom Any Obli9ation or curo any dofauit under this Oeed of Trust All pm:�rs o!attomoy d�cribed in this Deed of � . ------
<br /> .,--._ •�!�3�lLd:ri�.t!@!!�rt9�e5t anA are irrevo�blo
<br /> -°-
<br /> y --- „ - _
<br /> �ischarUgodw��luGndsadwancetlEby Lendeeregardtoss�of wtho hotlthe e�ion9h acur ty inte eests o othsrrencumbennras ha o bsen eteased ot ecord. : �
<br /> ' lPN'rSf1C t �OrmAUOnTCNnoloyeA��efB�28i451 f�1937�3709 aageJot3 __ � �---- . .. ,. T�� ��...�.
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