|
ti.�.. _'_ ..�.L� F _. . L ...`. , ` •,.�_. „ _ _.�F. . `_ .4� . • _ .
<br /> I�.f``�� ' " �,� :�1..� . .�..
<br /> ` ,� (d) fl�nta h�s tRs dght and is duiy aut�oriied to exearte ansi parform its Ob4igations mnder this Uaed of Trust and tnese acnons do not and ` f . :•�.--�-e�'}
<br /> ,�(,� sris'.]n�conf!:ci wii�tha Rrovfsions of any statux.re9ulaHOn> ordirtance.rufe of law,wnUact or oihar agreamont efiieh may tre bind�ng on / � _
<br /> i (�ti.'fNSfAttVlytifft0; ,.� _
<br /> ra. .
<br /> �:�s�su (c) Ko a c a u n o r p r o u 8 tl i n�i 8 o r s h a l i h e p sn d in g or thrcatened which mi g l it material t y aNect the Froperty:and .
<br /> �- �r Crar�!ar h2a not vo!atad and shall not violato erryr statuto.regutaZion,ordinance.rule of law,contraet or other�qreement[neluding,but not � _
<br /> I :��;: Csn�nd tn,thcise go�cemin8 Hnzardous M.�f�rials)whtch might materially aNec!tha Property or Londer's rights or interest in the Property pursuam . , _
<br /> h 58 � � -
<br /> � tOth�Q:ad of Ttust .
<br /> ,�#� 3 PRiOA DfEDS OF TRUST. Grantor repre�rns and vrartanb tAat tfiere are no pr�ar deeds of trust BfEecting any part of the Pcoparry exeept as set ._ . . .
<br /> 1: toath o�►Setr�riu'a 8 att�ehsd to this Oeed of TrusL wAieh Gramor�grees to pay and parform in a timety manner. M there are any prior deeds ot trust
<br /> �•-�F° t3v2�n Csrantw Et{.�COS to pay cd!amaums owod,and p�rform+�tf obfigaEOns reqwred,under sueh daeds ot tnist nnd the indsbtedness secured Utereby � �
<br /> ] b
<br /> �'�;t? F.r�d furU►9r�.gress that a detauft under 8try prior dcad of Vust shaal b9 a defauit under ffiie Deed of Trost and shall entiUe Lender te ai!rights ancf �
<br />��;'�1 2msG%es co,rrteined harein or in the(3hligaL'ons to wflieh L.enctar wautd be entitled in the event of any other detault. � . °;;;
<br /> _,_f�,�j m, TRA1�3fEA$OF TfIE PROP�A'i1f 031 BENEFlCIAL INTEREST5IN GF1Al'7i0AS O�l BO6iR0��tR3. In the event oS a sttie,comey8rtce,18ase. � , �
<br /> --h�� opaVesi ter Ksad or transfer ta any Psrson of�11 or any pazt of tt:e raal pmperty deSeriDed in Sc�edule A,or any iMerest tP�erein.or of all or any , + :>i
<br /> r'�� ban�vfas:J int�rost in Borcrnvar or C-+rantar('d Bonower or Grar�ur is not a rtatural person or persons but is a corporation.limited Nabiliiy com�any. ,-- --- `.-- k:
<br /> z_.
<br /> .f:� �ttnQrship,L�rat,or other legal eRtity).lsoder may,at its option dedare tt�e oulstanding prinapal balance ot the Obligations plus acaued Interest �,
<br /> .�,,� � therea�immsq;atety dus and payahle. At lendar's requast.Gralnor or Bovawer,as the case may de,shall tumish a campte5a stat�ment setting tortl� r• ,�.
<br /> .� ' � e:10!its sroctctEa'der,members.ar gar4ners,as apprapriate,and tha extent ottheir respacGve ownership irrterests. . . "�
<br /> ,.`.•�� � S A�SltilOGREt7T OF REtJi'S. t�car�ideraUan of the Obfigations,which are secured by this Deed of Trust,Grantor absolutery assigns fn Lender ail �'
<br /> � Q,rentar'�estnta.rigM,ttle,irrterest,daim and demand rtaw awned or herctafter acquired in att e�asting and tuwre leases ot t�e Property{ndud►ng - : � - : rK:
<br /> oxtansiana rcmerrals and suhiea..ros��all rtiqrcemerds tor use and ocCUpan�y of ths Rmperry(all sud►leases and agreemertts wtiether written or oral. . ::-::Y'T;.;�=.
<br /> ��ue r.sroafter rototta�to es Hts'Lel�ss7,end all guarantes of fessees'perfartnance underthe Leases,mg3ther with the immediate and continutng � ""�•:t' ^� sT�:
<br /> 1�ri�trt to co;}cct an,�receiva a!1 cf tAo'Yerds,ineome,rflcetpts,revenuss,issues,Frofds and other inwme af arry natura now or hereafter due(ndudiog . '�°-`�� _,.,;;.
<br /> - ar►y incamo of arry nature ocmirtg due during any redemptian period)under the Lesses ar irom or atising out of ffie Rropatty inctuding minimum � �-.==�,��}Y;
<br /> rerns,Addr�a�l rems,psrt�rttage mrtts,paAdng or comRion area mair�nanoe corttri6utions,tax and insuranoe coMributions,defiGen�y rer�. ., �, �
<br /> •.�';.., { C�qur3ated d2rt►agas tolio�ving defauit in eny Lease, a11 pmcesds payabte under arty pali af insurance caverin to3s ot rertts resultin irorr . ,. �':;°.
<br /> �Y 9 9 �„�%, _ t
<br /> . .•;;•,`: (Q uMenanta��tity caused tiy desVuc�en or damage to tna ProFerty,all proc�eds payable as a resuSt of a lessee's oxercrc:isse of an option w�as.�chas+�� .. �=:..�:."�t."„�:
<br /> e
<br /> �•.. � Pro�ariy all pm�e�s dsrivad imm me termtnat3on or rejecUon af any Leare in a bankruptcy or other inw(vency proeeeding.and all prr..��.s`r.� ' ;F.
<br /> '�' any rigtns and daims of any kind whieh G�r may have against arry lessee under Lhe Leases or arry cocu�anis of the Propeny(a!I C:+L�21a..-+ea a,+e . ��,.,,,�,., r"_
<br /> ��''" II8R8ft8f OD19C11Ydty f018ItEd LO 891h8'Rerns�. This assignmaM is subject to the�i�.r..,;.awer and authority g"rvan to the Lender to akeGra.��h� . . _�--
<br /> ,.;r,
<br /> ;,�i=y tt6a R:r►ls. This assignmertt is�e�rCed in seoordanoe wfth applicabie smte Iave;�i-rr fran createtf by this essignmeM ts iatended w bo spea�� . �
<br /> 'YI.. _�:"..
<br /> E::y. perfeetad,and crioato upon the reooiding of this Oeed of Trust,ail as provtded�c�haable state Iaw as amended trom tima to tlme. As long as . ..- . ,^ �,�:
<br /> ��.:� th.aro is no dafauft under the ObligaUUns or tfiis Daed af Trust,Len�er grarrts Gra�trr a navacable license to ooftect all Rents from the Leases when ,_ �,., ��� -
<br /> ,��.`ti due ar,ri to usa 5uch praxads in(irontoPS business operationa Howeuar,I9rtcer n;ay at any time requiro Grantor to deposit all Rertta(nto an �;:sr�'. '��:.`":�
<br /> � ar.coum mair►tained by tiraMOr or Lender at LendePs insUtution. Upan aaSauR in the paymerrt of,or in the peAortnance of,any of the Obtigatlona, � •.�.,�.-�=-- ��`�-��
<br /> "•%'�% Lender may at its optinn fake posses�on of the Property and have,hold,manage,lease and operate the Property on terms and tar a padod af Ume �-----"`.�:�.�:,'
<br /> """� tt�a1 lender deams proper. Lender may pmceed to colteet and recef+re all Rerdu irom the properry,end Lsnder shall hsve tull power to maka •� • --�--�__=_---
<br /> "r�'.' attoreliona,renovaL'ons,repairs or roplaoemerrts to the Property as lsnder may deem proper. Lender may apply all Rsrtts in Lender's sote discretion ;�,;_'`�';��,'...
<br />' �t 5�;; to payment o!tlie Qb!igatlons or to the payment of the cost of such altarations,renovatlons,repalrs and replacemerrts and any expensea incldeM to ;. �
<br /> �4±;;;� ts)dng and retaining possession of the Property periodically and the managemerrt and operation ot the Property. Lender may keep tho ProRerty ,; i':
<br /> •"�% ir�sured and m dischar e eny taxes,charges,claims,assessmerds and other liens whtch may accrue. 7ife expense and cost of these ,, � ,;T �� �
<br /> `"�i�.: P'�R1► 8Y 8 • _
<br /> +:��k acSians may b�pstd fram the Rents received,end any unpaid amounm sSalt be added Lo tha prin.tpal ot tfie ObHgaUans. These amourrts,together ;-.^�,
<br /> ,'i;;; vr,th oth8r cost9,ShaU beoome part of the Obligatlans secured by this��:�Trust �`
<br /> I.. r..
<br /> '�'�`'� 6. LEASES fll�D OTHER AGRHE�IlEHTS. Gtantor shall not take m:sal to take arry attion which may cau.s or permR the termtnabon or the '�
<br />' -'/,,.' � �'ii,:�
<br /> :;�f;:, �vthhadin8 a!any payment in connection with a�r Lease or other agreer.:eM�'qqreemaM')pertaining to the Properly. In edditlon,Granto►,withaat �.
<br /> ' "':" Ler�er's priar+vritt�sn consent,shatt r�ot(a)calteC¢any montas payable under any Agreemeflt mare than one month in advance; (b)modify any .
<br /> .,`,:y�; Agmamettk (c)assign or a11ow a lien,cecuriry interest or other encum:!ance to be placed upon drantor's rigfita,title and Interest(n and to an3� e;�, .�.:.
<br /> �•;f Agroema7:or the Funourns payabte thoreunder,or(d)temunate or esrr.a s.�y Agreement axcept for the nonpayme�ot any sum or other malar.al ,: (
<br /> ,`�•''� hrescts�f�e othar parly Utereto. If C#rantor receivas at any time acr,�unt!tai communlcation asserting a default by Qtantor under en Pgreemeni¢� • r�"�
<br /> ;:::%'•�{ p•�:periin� to torminata or cancel atry Agrsomont. (3raMOr eh�11 �r,�-�rNy fonxard a copy },�;;t ''`)h : r....
<br /> of such communfcation (artd �ryj s�bsEque:-.' .��'�
<br /> �'"yf•1, co�nm�rncattons rolaUng thereto)to 4ender. A!I such ABrsemerYS r2r'r'4`ro amourtts due to (irantor thereunder are heteby assip,rccxd'h ienCgr as ' M`c. ,
<br /> c n •
<br /> .��f%e� eQ?rt'r34z�tsecutitytortheObtigatcons. ��k?j`,:._
<br /> �r;;�1 t• 7. COILECTtOti dF IHDEBTEOHESS�ROM TNIRO PAATY.LonCar�.�7 ho entiUed to noWy ot require Grantor to�oWy arry third party(nclud':�. ,.`r"' '�f�``���{
<br /> Rt ..�. f..:*:.
<br /> ;°��;,t, Cvt naT limited to,tessees,Ilcensees,govemmarrtal authorMles artci ins:rar.ce oompanies)to pay Lender any Indebtedness or obligaUcn owing 2o t::;.
<br /> .,,'�•:; GrEnto�vr,it►respoc!to the Proparty(cumutativt+ty'fndebtedness�v�he�er or not a default exlsb under this Deed of TrusR Grantor sha11 diligenL"y ' '�'i
<br /> �':•1�.� op:'cct ttse tnrtebtedness ow(ng w Grentor irom thess th(rd paNes untii+l�ra ytving ot such notificaUon. fn tha event that(iranWr possos�ar recolvos �i '•_:
<br /> "�+:•� poasossion oT any ins7uments or othor mmittanar►with respect to 4ho�rrr,raotednes9 toltovdng the givinp of such notiNcation or If the u�ru^�enta or ����•��;
<br /> �'��t' �r Instruments altd aUte�rom pttanoesmn�trust o yLender��art trom(ts oUiere rope�endorse tfie incUumern3 and othef�reremittances to LenQea '
<br /> aP P ,�'--�-.
<br /> '''i� ansl lmmedlately prov:de lender wlth passesslon af the inshuments and other remiU�n�s. Lender shall be entltled,but not roquUed,to coltoot(Cy
<br /> ".'�;�`� 4C$81 QS00008itt�8 Of O1h0IWtS8),extond ths Ume for paymeM,compromise,exchange.r rotease any obllgor or coltateral,or othenxtse setlla arry C' ;e6i�.
<br /> ��`!'� triv tn�abiodnass whnther or not an event o!detautt exista under this Agroemern. lsnder shall not be liabte to Orantor for any actlon,ertor,mlomke, -�
<br /> �:'3'i om'.ts:on or GetayperWntng to the acttans deserfbed in tAls paragreph or eny damages resuttfng therefrom. Notuvithstanding tha toregoing,nothing ��f��'�- �Z4
<br /> •::,rj`;1 �4EtEN ftt311 Cdtt£0 Lertder to be Qesmed a mort�tgealn-possesston. — '�"`'
<br /> • :�. 8. 1!�"zE t42lD NWHiEHANCE OF PROPER7Y. firantor ahall mJco all aeUons and make any ropafrs needed to mairttain the Fr�c�ty 1n goad .:�?';T-�
<br /> :�`.t�::
<br /> ,:�;:, wpditrRrt. Grantor shatl no!commit or permit arry waste to be�cmm�ted wltfi rospect to the Properiy. arantor afial!uss the Rqy�c.y sotely tn ___ � r
<br /> ¢: oom�t.�ce with app!icab'.e taw end Insuranca polldes �'�r.r s22:S not malce any elteraUons,additlons or(mprovemenb to the�?:��.erty wHhcut °'-�-�-�- ° -
<br /> `�+'�'r�' LendaPs priar writton conscM. Withoul IimiUng the icr�apai��!a;�rations,addiNons and improvemeMS matle to tB+�tars;erty shall be subjoct tc "''""
<br /> .•_tr P8 �h„"=..
<br /> �•�•��i tha b�nafieial intorost belonging to Lendor,shatl not be rv.•�^e�ed wiihaut lsnder's pdor urriUen consoM,and shsill 6o mr�,¢s:aranmr's sole expense. s;,...�-.
<br /> • �,•. ��;--°
<br /> "�;� 9. t1x.i30Fi OAtAAtiE arantor ahatl bnar the entlro risk o}arry lass,theft,destrucNon or damage(cumulaUvely'Loss ar Lamaga')to fhe Property or ����;,-;-
<br /> • 1 �rr�p�rt:nn theroo!from any cause Whntsoever. In the event of en�Loss or Damage,6rantor ahall,at the optlon of lender,reFs:r the affeoted ����.�;-=
<br /> " ',' Pro�+�Sy tr_its provioua conditton or pay or cause to be pald to LenQer+lsa decrease In the falr maAcet vatue of tho affected Proparty. G.: --��r�:-�
<br /> �..�,,,.
<br /> °�:!f��,< td. 16�'sfdl,7AtJCE Tha Property wfll tm kopi insured for ita fu11 ir,sucable value(roplaoement cost)agalnct all ha:ards including i:oa or damapo f'--"�"°"���s'�'��
<br /> •.�.��..,.
<br /> �°t C�ltYEd�l fl00d,earthquake,tomado antl fire,thoft or other casualty to the extent required by Lender. t3rantor may obteln Insurance on Ute Property "' °��'�
<br /> :i4�E'}�t t:o�:�cch co:npsn�u a.s�p aocoptab:o to Ls�ndor(n its sole discretlon. rne tnsuranoe po0oles shall require ffie insurance company to pmvlde - ��^�--
<br /> ''s4�! tECr�s wlth a1 Faast days'written notlee betoro such polictas are alternd er canoetted In any manner. Tha insuranco policles�hall �� �`„�',��
<br /> ' ' rt.:�sas 1.�nder as a tass payee and praJde triat no act or omisslace M(irarroor or any other person ahvl aNect the dgM of Lender to be pald tho
<br /> ;;,i�;• Irts+oar�a proceed9 pertaining to the lass or damage ot ths ProFasty� !n ths evsnt Cirontar fails to acqulro or maintaln Insutance,lender(atter �,� `,� ,
<br /> � .:4,, �mrl�9rs�notice aa may be requtred by law)may ln its dlsoreUon�ree,ie apprapriate insurance eovaraQe upon the Properry and the Inaurenco eo�t � „•=•�• •
<br /> :`'� �.`�s{P Lrt+a.��drdn�pay2b:�end bearinD iMOrost as dsscrltred�n[���aph 23 ertd aecurod heroby. Orantor shall tumish Lender wlth evlQenee at �;� .. ..+ ..���...�;-.
<br /> '`'�'� in:urucca intlicatin8 tltm requfted oo+mrage. Lender may.e,.�E ss atterney-Indaot tar tirarttor in making end s�ttling ctafms under Insuranaa poliolea, �� , _�-..f.;tr.
<br /> �";i�'� q.-v�1Nng arry pot:ey or endorsing Qrantor's name a¢arS,o drafl or negotlable insVumertt drawn by any Insuror. All s�u�*insurance poticle9 shell bo ;����.
<br /> � F i� immediately asslgned.p'odgad and dofi�mred to LnnCm;as fuAher security/or the Obligatfons. In the evant of to�,O�.ntor shall immetliamry gtve ,�-:-.:-
<br /> ����^��• L�n.ar writfnn noSx and Lender is authorhed to make proo}of loss. Each insurance company is directed to matc�a paymeMS hcreCUy to Lender � •;, F���'•
<br /> ''.,;�"'. i^ester.r�cf to Lendar and Orantor. Lendor shall have the Bght,at its sole option,to apply such martt�Mward the ObligaUons or toward the co3t o} -=�':;, ,,G".
<br />• •.:r, rct�ldfrrq and rostoring the Property. Rr:y amoums may at Lender'o opUon be applled 1n the inver��r�m of the due dates thereof. � '::.,.Y..,y.���� .'
<br /> `'��� 11.�]4VLW0 N10 PRNATE CaUlcPtA►'8�5. 6rantor shalt not initlate or oansont to an !!an e In t"e a_am rwlslons or mrate wvonanm attootln � ' ' ""�''�"•°' ti-�
<br /> , Y� 8 8 P R� !t w'..x._;.r,,.,,},s� ���
<br /> `•;;is�s t1�r u:xa o?tho Froperty without Lender's prlor written consent. H Qrantor's use of U+ct Iraperty becomos a noncordorming use undsr eny zoning ;. ,,,;,,aE;w-„�,�;y�•. .�
<br /> ' '`•'" prc,ision,tirarNOr shau not cause or psrrmit such uaa�r_Ge disoonUnued or abandcn�4 w;thout tha prlor written consent ot Lendar. (iranfir v,r:; • ;�:.::. r.•
<br />,�..-i�r,ft ...;y.,.::
<br /> ;�rja� lmmada!�ty prar.d�tsr.dor w(th written noUce of any�r.��sed changes to the zoN�p�rrnlsions or private covenants aHectlng tho Proporty. n.�,�
<br /> •.�r��
<br /> '�.��ti� 12 C01tDEtlfflA7101l. OrFUtor shall immodiatety pror.ae Lender wlth written noUce of any acb�sl or threatened condemnadon or eminont domain �::�;,�a;._;:'.•�,�._,
<br /> �,;�.,�,"•� procead::ig poR�3a'.ag to tho Property. NI monies payable to tirantot irom such wndemnation or takin�are heroby assigned to Lender and ehall bo : _.�.,,.:.:._r.,�,,..
<br /> F�pfiaxf frst t� tro payment of Lertdar's attomeys' fees, legal exponses and othet costs pncludmg appralsal tees) In connecUon with tho �:.�_..,.; � !;•;.
<br /> concFtsnvton or omincrtt domaln preeoadirigs and then,at tiie option of Lender,to tha payment of the Obligations or the restoraUon or repatr of tho � ' '=�'�7�"
<br /> . �;
<br /> :��'�;�;.; ��m� ..::::�3r;�-.:�:�'�.
<br /> ';�.� 19. LESibE6t'S BtOHT TO COMMENCH OA DEFEHD LE(�AL ACRON9. Qrantor shall immediately ptovide lsnder with�vritten n�Uco of any actual .. . .-;�:
<br /> or t�+rea9:nesf eca:on,sun,a other proceading aHectlng the Property. Grantor hereby appointa Lendor as its attorney-in•fact w commonce,lntatveno ' : ;,.;.;, .
<br /> '��:� i~�,cnd detand s�ct►action3,suits,ar o:her(egal prooeedings and to oompromise or salUe Rny clalm or oontrovarsy pertaining thereto. Lendor shall . '� `,'�'i r
<br /> roB Do t:tbto ta Qterr.dr tor any acUon,ottor,mistalce,omisslan or defay pertaining to the actlons describod in this p8t8gtaph or eny daenqges ,. �(�;�:
<br /> rtsulticr,�t'�oxrom. Notliing eontnined hsreln will provont Lender trom ffiking the ections describad In thls paragteph in its wm namo. , ���°i�'. ��
<br /> t�. tlIDEl,1lftFtCATtDJl. londor shall not assume or be rosponslbta tor tho pedormunco of any o}Grenror's obligations w�th respert to the Properry �','��''�� _.
<br /> •. , 4�-d�e ar.l a:ar.�n�tancos. Graetar shall immediately provide Londer vdth vmtten notice o!and tndemniry end hold Lender and as shurehotdore, '" •')',.' =
<br /> �., direc9�rs.o:`.`.oers,employees and eganis Aarmtess irom all cIalms,damages,IiabitiUea(ncluding attornoys'toes and legal exponses). cuusea M �r,•;?� -
<br /> ��; ac[an.zccoca,sui.;�and oihor logal proceedings(cumulatively'Gaims')pertairting to the Proper4y pncfuding,but not limited to.those invotving ,: ,i�r, �
<br /> Hazar�Mat3rials). Orsntor,upon tft�roquest of Lendor,shall hiro logat counsol to dofend lander trom such qalms,end pay tho uttomoys'teee. • +,'�.t
<br /> !�ga:oxper.3�s ard other cosls incurred in connection ttferewith. In the altemetivo,Lender shall be er►titfod to employ its ovm Iegal counsol to detand "— ° _
<br /> • _�� suY�aims at tirarrtor's cost. OraMOr's obligation to indemnityr Lender under thls paragraph shall survlvo the torm:nation,reloase or toreolosure of : � ' ,
<br /> L*io pead of Tn;st. �
<br /> ; ��c5'�g i GomtQ"tn Tet1'no!ogie9.�ne ie�26;.3!(e�l eci�3�99 aago 2 ot e . L'��i__� . ' _
<br /> I e
<br /> �,,
<br /> �--, -- ._ . . . -- .. . . .. � - .. . . '''
<br /> ___ �'. . ,._.'- . _--.� .� — .. . , � , . .. . --._ '. : . . . - ti, _ ' . . . ' .-
<br /> i • . 1 • . . . . . . . '_ ' .. � , .. • 'l: '
<br /> . . .- � . .
<br />_ , . . - . �
<br /> , , ..•. . ,.. .. . ._. � , � . .' . . . ..
<br /> , . , .
<br /> ...
<br /> �_ .: . .. "'°' • . .. ' . ,. . . . _ . .. . . • ,. . � .. - .. ..
<br />
|