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<br /> _.. ` ----_. .,w._.�__�___. ___.__ . ------�---_�. �____�_--- . �� .;�- �
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<br /> _ ��'�;f���:�:,�� �� -
<br /> 9� �0��.�R4 F�`�`� � `"�- : � � -
<br /> �:���`,' �.�'• �'f. .. �. �� .
<br /> (d) (3rantos has the right and Ia f+uly authortzcd to execute and pertortn rta Qbiigations undar mis Qa�d of 7rust and Ynesa s�o^s do nat and -s` ;
<br /> shall not earrftict�vitt�the P�stons of tsny ctatute,re9alatian.ordtnence.rula of luw.ConUact ot Cther agreement whieh may b9 bindirtp On ��i(i.; ' . ;::� t`,��" � ��:
<br />: ;:1 Grantor 8t eny time: ��°�,, ` . �:'`•.��Fe:�.� 'z:` .:}
<br /> � >;•r; � �
<br /> (o) Na eetlan or proceeding Is ar ahall De pending at tflroafinod��rh{ch might mat3de11y ctNect the Fro�SSttY:and ' �<. '
<br /> r.,..
<br /> (fl Qrarftor nss n9t viotatcd and shali not viotato any atat�te.ro0u!ation.ord�nttnca.ruto of lav�,contraet ar other agreomeni fneluding.but not ''`: �?N,,` ..• �
<br /> a
<br /> iim�d 40,those govoming Hasardous Matori�fs)rsri�ch might materialty attect ths Propany or lendei a rtghts or mtarest in tho Properry pur�uunt :��'. �
<br /> to thi9 Doed of Trust. ' �`., Y
<br /> 3, PR[OR OEH0.S AF�iiU3T. Cirantar ropresonts end wartanta that tt�ero cue no prtor deeds of Vust aHecUng any part of tho�'o0�or deee9 at trust ,�,'i:. • ,`s�;`s;r< -
<br /> ' ' torth on&eheduls B ettached to this Dsad of TrusK.wrilch(irenMr agrses to pay and per(orm fn a�me1y manner. Itthen are a�y p "'�;i,o,>..
<br /> thsn Gremter agraes to pay all amoun�ovred.anti pertor►n�11 onligaHoru rpuirsd.undsr wch dseda ot Vust and the indebtednass seeured tfiereby ,;� :.�;.:t.�
<br /> • and furthet a�rges that a defautt under any prior daer!of trost shail be a default undor this Qeed af Tnist antl shal�a^btie�°nder to a11 righcs and �� '�u�•<?'.'c _
<br /> ,p`�`.rtkr'c;.c,... _
<br /> remedies conta(nad heretn or in tne ObligaUons m whiefi Lender would be entiUed in the event ot any otlter detauft , .
<br /> . 4. TRAH8FERS OF TNH PRQAEFITY OR BEF6EFICIAI INTERf�t�hs rea! r� o��rt�l descritsed nRSch��ed le A.or any interest tnerei�nnor of all oeany ' x���v .
<br /> � ' ooritracs far d.^�d oc vensfor to arry Rerson of ail or any p P ` �f;'� '. `'
<br />;,t i benafidai iMarest in Borrovmr or Granwr(d Bortovrer or QraMOr is not a naturai person or perso:�a bui is a cavRoraBon,timti�d tiabiiity eomg�ny. ,j-``.�`�;}_,_;,-A ---
<br /> 4" - —:r.--�_._
<br /> partnership,trus�or othzr legal entit�.Lender may,at its optian dealaro the oatstandin9 Princfpul balance of the Obllgations ptus acauetJ mutast ��
<br /> thoroon immediatety due and payable. At Lendar's request.Grant�or or Borrawe►.es the�ase may be,sl�alt tumish a comptote statement settinq icRh �f;f;,,.,Q", f
<br /> .` ` .t t�,t1 < - a
<br /> � � ell of its stackhaders.members.or parmers,as apProPdato.end the exteM of thair respacti�e ovmership iMarests. �i R;�5��•t; '
<br /> ..��r4., c•
<br /> 5. ASSIGN811EPtT OF RENT�. ���nsideration of the ODligations,which are secursd bY thig Deed of TrusG Grantc�abso��e��'9^g to l.endor all .� ;a ,
<br /> , GrantpPs esKate.rigM,titie.iMerest.Ctaim and demand nor�owned or hereafter acquire�:.�a11 existing and firture leasas o1 e Praperty(nciud;ng :'sl;<�. _ -
<br /> extensions.renewals and s�bleases}.all agreemeMS tor use end oxupaney of the Property(a11 such leases 8nd agreemeMS whether written or oral. :� °;�; —
<br /> are hareafter roter�ed to as U►a'Leases'l.and ali guaranUea of tessees'pertormance uncter the Leases.together�vRh the immediate ar.d eontinuing r� �t;%:
<br /> right bo co�tect end raceive ai�of the rerds,income,recefpts,revenues,issues,proflts end other income of any nature r�aw or hereatter due Cnctud:ng
<br /> eny incoms of any nature wming due during any redemption period)under the leases or ftom or arising out ot Ue Roperty includfng minimum ;,.. , �;;�;;'•_,,�,;,�-r.-=.-
<br /> ;,.
<br /> � rerrts,add'Nertal rents.pe�ntage rerns.Perki'9 or common area mairttenanca cantributions,ta�c and insuranca wmritrutiona defretency rer,�. 4:. -.�� ' k:-��.,,=r..- —
<br /> � tiquidated dama0es follov�ing detaut4 in any Leass. all proceeds payable undst any poticy of insuranee eavedng loss of ren�rosuftin�irom ;�`;� .•�_,',,. ;�`._ ..
<br /> urttenant�tDitity caused by destructlon or damage to the Prope�ty,ail proceeds PaYab�e as a rosuR ot a�essee's exercisa of an ePtro'•'�m Pu��°�o ;'"'f:� < .,-S�.
<br /> •: ;l .� � • .��:.�.-
<br /> Proparty.atl proceeds derived trom the t2rmination or rojscdon ot any lsase in a bankrupt�y or other insotveney proceading.artd aU praeesds from . J�G�`
<br /> any dgMs and da[ms af any kind which Grantor may have a8ainst ar►Y lessea andBr the Laases of anY accupaMs af the ProPertY(all of the aDovs aro ��. ', s. :.�=*..<_
<br /> , � �� .n.-�,,.�._:.,,�
<br /> heroaftar oollsettvely reterted to ss the'Rents9. This asstgnmertt is subject to the r�9'd.power and suthority given tn tha Lender to callect and epPh �•I
<br /> the Reins. Thla assignmaM is recorded in accordance with applicable sffite law:�e,ti�hle sffite tav�ast amerMg ad from ti ento ti e. As laRngfles � '�,�rs.:u�..�".�: .
<br />. � peAected,snd choate upon the rocording af thls Oeod ot Trust,all aa pravided Dy app �:;
<br /> there is no defauit unde�tha Oblig�tions or this OeBd o!Trust,LBnder grants�ranm�a revocaele license to collect all I?eMs trom the Leases whon �` , f� �: •
<br /> +` .4�� -
<br /> due and to use such prooeeds In GrantoPS business operations. H�wever,LenQer may at arry time raquire Cirantur to deposit all Rartta ir►m an �� ^''.-
<br /> aa�outrt mainmtned by Gfarttor or L�ender at Lender's insdQidon. Upart detauit In the payment of.or in tfie perfortnanoe of.any C!tRe Qbli�atian9, !;—-'-.,` -�T� � ,
<br /> I�ander may at its option take possession of the Proparty and have,hdd.manage,lease and operate tha Proparty on tams and fa A poriod ot tlma ��—�-•1�-��r• •
<br /> I: ..,t,;.;;_�.�:�';�•r�_
<br /> • . that Lender deems proper. I.endor may proceed to�Itect and reoa'Ja ail F�rtq trom the proparty.and Ls��l��in Lender's�so e di�serctian � �
<br /> "``f alt�araUons,renovaUons,ropairs or replacemeMS to t1►e Piroperty as Lender may deem praper. Lender may appty ;-�=°�;S-`;=' `��—°-
<br /> to payment of the Obilgations or to the payment ot the cost ot such afteratlan�,ronovattons.repa3rs and repiaeemerrts and anY ex�ensss incidertt to �..5�L}.,,, .��'!.•
<br /> � taking and ra�ning po�essian of the Properry per[adlcalh and the managoment and operatian of the Property. l,ender may keep the ProRenY +,Y�+;"•.
<br /> �,,�f
<br /> Preperiy insured end may discharge a�Y te�ces.char9es.G�ms,assessrt:erqs and other Uens which may sectue. The expense and eost o?thace 2.;;:•.?:- . ...f��
<br /> acdons mny be patd from the ReMS recaived,anA any unpaid amoums shall be added to fhe P���P���o�bligationa These amourrtfl.to8athor (;�.'�,:,-
<br /> ' . �
<br /> � with atAOr costs,sra11 bacoma pnrt ot the Obligations secured by th(s Deed of Trust ��f� <,.
<br /> & LFJ1g�g p,t�(Z QTHER AGAHEMEHTS. Grentor shall not take or fafi to teke eny action vrii�ch may cau=e or permit 4he termination ar tho 'r;y: �i :'..�:
<br /> �'-`f�-,,,• � ., ,..
<br /> � withholdirtg d�r=.r.�t�2'�nent tn aonnectlon vrith erq/1..sase or other agresmeM('�1�e�Pertatning to tha PropsrtY. In additlon.Grantor.rr[tt.qut r�,:, �-
<br /> , LertdePs p.�i�+�rs�r consent,ahall not(a}coltect n:ny monies payable under firl�emeM mora than one mnr+tl�in advanae; (b)modifY tnY r1��'' T ' —
<br /> �w��'��:�•.+ ' �
<br /> liereemenx (:;��or aliow a Ilen,seeurity ir.�ser�st or other encumbranee to bs ptaced upon Gra�►tor's�ipJd�s ifUe and interest in and to ar,y � ,: :r ;
<br /> � J1gr¢�nar.t or the amourrts payabte therounder,ar«)terminata or eancel any Agra9ment oxcept tor the nonpic��snrtx of arty aum or other ma'�arinl +��"''�,,-
<br /> �'`�::;.' �.c;•.. �
<br /> Crara�s try the other party thareto. N Qrantor receives at eny Uma eny wrtuen communication asserting a detault try Qrar�tor undat an AgRerrtenf�sc t:,�,,; . T.. ;i, .�..�
<br /> pur�ar��g to tettntnate or cancel any Agreamerrt. Gmntar ck�9t c:'amPth► farvrerd a c opy of such cammunication (and +�y sutr3eQu�ni �,,.;., . .,�. ''��:� . -_
<br /> " e o s r a r,m i e a'd a n s c e t a U n g t h e r e t a)t o L e n d e r. A l l s u..^h J Y 3 f ee:ne r,t�r.r:d fhs amounte due to Grantor theraunder are hereby assl3�scd_o Lend9r es ,� �
<br /> addi8onalsecurityto�theObiigatlonr3. � t,�
<br /> ��� ��. 7. COLlECT10H OF INDEBTEONESS FROM TNIA[i PAAM Lender shail be enUtled m noUty or require(irantor 9s mJWY any fhtrd PenY Qnatudtnp, •. . •: �t r�r'
<br /> but not limiub to,lessee�,Iicenaees.SovemmeMad eut�oritias and insurence eompanies)to pay Lendor any irt:r-Csdneos or oatigallon ouringtn ,�y�,• �� +.�.r=_-
<br /> Qrantor with respect to the Proparty(wmulativety'tndebtedness'1 whether or no!a de4auft exists undar this Qaed of Trusi (3rarKOr shall dit18en9y ; • �:;�° ___
<br /> ' eollecttfie Inde6tedness owing to(irantcr from these third parties untii the giving of su c h no ti H e a t lon. In the avent that(irantor possesses or receivea .: �: �'.::. ,.: �. .
<br /> possesston of arry tnstruments or otne�remitainces with rospeat to t�re tndebtednass toilowing the E!virtg o}such natiflc3tion or i}the(nstrumerrts at :��";:.; ,� w,• 7;_�v
<br /> � other romfttanara constitute the prepaymem of any Inde6tedness ar t'+e payment ot any insura.�rn cr wndemnation prnceed�,(3►anbor shall hoid • T r ..
<br /> sucA instrumerns and a�er romfttanoes in trust tor Lender apart irra�n.as other property,ondo�se t3re instrumertts and oth�r rem'�nces to L�ender, � � �-%,�. '
<br /> .. and immedinte t y p gr�de Lender with possession ot ths Instrum�-.'s and other ramittanaa Lender ehait be entt'rsd,but not raqulrod,to cotlntt(by `.,'���"�°.�y ;L,_,
<br /> ,. .. legal proeeedin�.cr othervriso),extend the timt for paymertt,compmmise,exchanpa ar releaso any o b l igor�x+�a t e r a l,or Whervvise settto 8tsy et �.�:,,;.:,..--
<br /> the Indebtedness whetl�er or nat an event of default exlsts under tha Agreemenl. Lander shatl nat tse liabla to E�a.^tor tor eny acdon,ertor,m1�L�ise, •�1: •;!r_;.
<br /> om'.ssion or de(ay pertainin9 to the actions descdbed in lhis par�.�h or arry damages resulUng thareham. Natwithstanding the torogoing,n�tid� ` ,: Y','_ ---
<br />- ham'cs shaD eause tsnder to be deemed a mort�geo-in-possesst�rr. •' i�• . ;-
<br /> '•:�..�......w
<br /> � iL, 1,13$£AND MAtNTENAl�CE OF PROPHRTY. Carantor shEll�l.�s ail acqons and make arry rt�.mra needee to maintain tho Ropnrty irt goad �-_
<br /> va�::tlon. (irantor shail not commit or pertnft eny waste t o b e cc�nmitted'Mth tes P e c t to the Po�'y �e-'�r ehall use the Rroperty soie'y in �., . �t'r-�
<br /> �'.I;�.. +,L:�:,•��.
<br /> ;Yd`i'2�(:,} camDitance with appiicabt0 iaw and insurance policles..ararrtor shali not make iury alteraUons.edclrto�o-i-r,p�vemeMs to the Ptoperty vv'S�rr,,r •�;{��.:°{;�
<br /> •;!'�q��, tendePs prior wr(tten consent Withaut IimiUng the toregoing,all atterallons,additions and impravements nr�to'a ths Pcopsrty shali be suD•,aa:}rs ;•fi:�_�
<br /> ' the beneflciv iMerost betonging to Lender,shail nos be removed wlthout Lander's pdar wrriten Consern,and sMa3:br rr+ade at GrentoPe sole expe'n�e , �f ;�����-
<br /> 9. LOSS Oii QAFAAGE f3rantor shall bear the entiro dak of any toss,Uteft,destrucdon or dam�qe(eumuiatively'Ltss or Oamase�to the Proper'4 crr _,�.�;�;,,.; _
<br /> arry portion thereof trom any Cause whatr,oever. In the evanl of any Loss or Qamage,t3nrrtor shall,at the option of Lender,repalr the aNects�
<br /> Progerty to tts previoua condfUan ar pay or causa to be paid to lsnder the deerease In the tait muket vaiue of the aftocted PropeRy. "i��
<br /> ' � ' 10. INS1lNAti�E The Property will be kopt Insured iot its tuit Insurahte value(ropiacemartt c:st)ag afnst all Aaiards inctuding loss or darnaq3 �i � •
<br /> • f: caused by tload,�ar�quake,mmado and Rre,theft or ather casuatty to tho oxte-t�equtred Isy Lender. Grantor r..r,r obtaln(nsurance on the P��m"y : .. �,`�� ��"
<br /> •,�.,,� ..��y�
<br /> '`,'�`r 3:`�S; tcom sucfi corr,pm[os ea are aeceptabie to Lender In ita soie discretlon. The i:�a:rance polieiea shall requl��Y�x lnsuranoe company w p:erNJ� .z,,,_., •.V �:�i;.
<br /> lander wfith ffi:c�t dsy� written noUco b s fore su c h p o t i c l e a�a i t e r e d o r e a n c e l t e d i nar�y r+ti usrar. The insurance p olicics rtn�i : . i�
<br /> n u n�L e n d e r a s a t a s s p a y ee and provldo that no act or om!asion of Qranior or eny other person sha11 aftect t^e dQht of Lender to be ps�tne _V::� „
<br /> � Ir,�,.uranee proceed9 poRetning to ths loss or damage of th�Peaparty. In t he eYe rt t G r a r�t n r f a i l s t o a e q u i r e o r m a 1 M a�n I n s v r a n c e.L e n d e r(a ft e r � _ ,
<br /> �`; {xcvlr:ing nottco es may bs raquired b}+lawj may in fb diseroUoe��rc:ure appropdats insurance ceverage upon the Property an3�s insutance cost • �"'°'""�;' � _
<br /> �:.;(,.•�;,. �to�an advancs payabts and beu�ng interost as desaib¢d�n t�aragra�h 23 nnd aecur�d heroby. Grantor shall4uml9Ti Le.YJ�x:arU�svldencs of � +����•�..
<br /> r i:-eurancs ind?ratln9 the roquired�vetese. Londer may acl as a�sm�yNrrtact tor Qranmr In makin�and sett9n�Clatms unQer nsurance pflllaie9. �`.',�-�+F!'�'*`'
<br /> a
<br /> ��,,?:���;�� caneellUp er►y policy or enda�slnp Grantor's nemm en any draft or nepotlabte Insuumem drawn by a�Y Usurer.41T cueh insuranc�polieles shr1�4s � �����x,.,,
<br /> immediatety asslpned.Ptedged and deihrered to f.ras�der a9 t�•:+he�security tor th�ODIigaUons. In the ever»01 ta�.Qrantor shall imm�diatety�r�v ,;�;,��_; �• �'�<<
<br /> � Lertder wr(tten noUce and Lender is authorizod to r�suo A�a�f cf lass. Each insurenee campany is directed to make payments directty ta L.cu�:r�' :;��,�±��:.`''_
<br /> �� in.,isad of to Lender and Grantor. Lender shail have Ufe�;Jst,st irs soie opUon,to appty aueh moniea toward the Obligatlons or tw�ard tho ecst Cf ,.".'�'"'" -�`��� —
<br /> ret�itCing and rostoring fha Properry. My amounts may et 1rs=Er3 opUOn be sppiied In tho imerse order of tha due dates tAareo4. ±,r,�!::� . ,:�;�_ �
<br /> 11. ZONINO AND PANATE COU�fUl41T�. f3rsMOr sS�l r,r,�intt-yin er consont to any chango in tha zoning provislona or private covenants aNecc.rt3 't{ .::--_j��-:..L�.
<br /> • � tho usa a}the pra�erty withou!lender's pflor r,rit0ert cc.:�nc lf Grantor's uso ot the Property becomes a nonoontorming use under any iotir,g :5�,;, ,;,,,,,; ..
<br /> � � provlsion,Carermoc shall not eause or permit sueb u:rr:v bo d;�xminued or a�andoned without the prior written cansent o1 Lender. (iraMor+o�.1! . .. . `�
<br /> immediateiy prarfde lender wiU�written notico of rny Rroposed dr2nSes to the zening provislons or private covenaMS eHecUng the Property. •-•
<br /> 12 CaNDEMNATIOt�. t3rantor Shail immadiatety provlde LortQer with wrltten notice of any actuai or threatened condemnation or eminant domain • �r•� .
<br />� proceeding pertelnirtg to tho Property. Ail monios payabte to Greistat Bom such candemnaUon or taking ere hereby assigned to Lender end shall be
<br /> applied flrst to tho payment o1 Lendev's attomeys' taes, legal axpenses and other � pnduding �o�r tnegiestoraUOngo ro M r o}tne � ��
<br /> oondemnaUan or emineM domain proceedings and then,et tha o�on of Lender,to tt�e paymeM of tfie ObN P� _
<br /> Property. " � •
<br /> • 13. I.EHflER'S RlOHT TO COliAMEHCE OR DEFEND LEQAL AL'TtOHS. Grantor shall tmmediatety provide Londer wtth written noUce o!any ticw�al • ,
<br /> � ot Nreatened acdon.sui�or other proceedinp affeciing the PropoRy. Qranfor hereby appoints Londet as iLS attornoydn-fset to commence,intorvene
<br /> � in,nnd detend such acUans,su'rts.or other legal proceedings and to campromise or settle any ctaim or controvorsy pertaining theroto. Lander shalt .• _ N
<br /> not bo 1labte to Grantot tor eny acdon,ertor,mistaice,omisslon or detay pertaining to the actlons described in h ns���o�r arry damagos �._.
<br /> �� resuitin�therefrom. Nothing cornained heroin wiil pcovant Lender trom Cdking the acttons dttscribed in thi3 paragrap . � ti.
<br /> ' • 14. INDEMHIFlCA7i0!!. londer shali not assume or be responsibte tor the peAortnance of any of Granmr's oCligaUOns with rospect to tho Properry
<br /> ' undar any circumstanoes. �reMOr s h a l l imme diateiy p�wlsfe Lender with vrtitten notice of and indemnityr and hoid Londer and its sharehoiders. .
<br /> � direetors,offica�s.employcos and agurrts harmloss from atl cl�ims.damaq�s.liabilitlos f nctuding attomoys'fees and legal expenses),causoa of �.,,._
<br /> ection,acUons,suits and other Iegal proceedings(cumulativery'Galms')p3Raining to Uto Property Gnduding,but not umited ta,thoso invoNing . _
<br /> _ uo�P.�rq��y Materia�sl Gran4or.upon the request o1 Lender,shali hire Iegai counsel to detand Lond�r from sueh Ga1ms.and pay the attomeys'}ee�. � ___ ` .
<br /> � legal expenses and other costs incunad in connection thorewi:h. In the altomativo.tenUer snall be antiUUs�to nmpioy��r.w.ti�a$�r�srs�!ta do�:d
<br />.
<br /> U
<br /> such Citilms at Gramor'e cost Grantor's obilgation to indemnify Lander under this paragraph shali surviva the tormina2ion.release o�forectosuro of � f �.
<br /> 1 this Oeed of Trust. ---.-- � . ; . . --
<br /> 1 :Pr+EB��B r eom�t.onTtthr.oago.'ne.iB/iB,9'.7 IfA0193y3�S9 Pqgo2o19---- -
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