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<br /> � 1S. T�S�fl��g�E�T� ��or shafi pay a11 taxes and essessments relatlng w Proparty+ahen tlue and immediatety provids Lender . ' . . •:•._ -
<br /> svidence of payment of same. U�on the requost of tender.G�r shall deposit v�ith Lendar a3ch moMh onedwslt4h{7/12)ot fhe estimated annual !�� ��� • . -�'�� _
<br /> insuraneo premlum,texes 8nd essessments paftaining tn the PropeRy. So Icng as tnet8la no defautt,these amounts Shall be aypiied to the payment � -
<br /> of taxes,assessmenta and insuranc0 as required on tAe P[cporty. In the event of defeult,Lender shall hava the dgltt.at its sofe op�on,to appty the . ,
<br /> fund�so hetd to pay any taxe9 or aganst tAo ODiigationa Any tunds applied may,at lender's optlon,bo appUad in reverse ordot of the due date • , _
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<br /> theteaf.
<br /> ` 18. It�SPECTIO?�OF PROb�FJiilY, �OOlt.4,RECQRdS AIVO�iEPOATS. Grantor shall allow Lendar or i�s agents to examine and inspect the
<br /> Propsrty and examine,inspect snd maka copies of Graniors baoks and reeords partaining to tha Proparry irom time to tlme. Csranter ahall provide
<br /> " atty agsistance required by Lender for these purposes. Att of tM signatures end �MOrtnatlon cont5lned in prantoPs books and records sfiall 6e ;
<br /> ganuinv, trus.aea+rate and comptete In a11 raspeas. GtB�tor shall note the existencm of lendar's tsenofieial ir.terest in ifa books and records , . � :� , _
<br /> pactrining to the Property. A�ditionalty,GtariV�r shall report,in a torm satIsfacDOrSr to lender,such intormation as lender may requast regsMing ,
<br /> ' GrentoYS finandal condition or tPte Prope rt y- 1'Re iMormation shail be for sueh psriods,shall reflect Grantor's reeords at such tlme,and shall de
<br /> rendared�vith such frequency as Lender may designata. All information!umished by(irantor to Landor shali be Vus,axurata and complats in alt �� <
<br /> fespeCts,arid signed by C3tantor�t tAtsdet raq�sts. '--=-�==��----
<br /> �7, E,q{pppEL GEpTtFICpYES. Within ten(10)days aftet any request by Lsnder,Grantor shaii deiiver to Lendar,ot arry iMended transteres of � � �
<br /> Lender s rights vrith resAsct to tha Qbligations,a signed and acimovrtedged shatemertt specifying(a)the outstanding baianca on the Obligations;and � "
<br /> (b)whether Csrantor po5sesse�any elaims,detenses,sei-effs or counterdalms rrith►esReet ta tha Obligations and,'rf so,the nature of such ciaims, ;..,� ., �?:,. .-: ._
<br /> detenses,soi-0Hs or couMOrclaims. Grantor vriil Ce cendushraly heund by any reAresertraton that Lsnder may make m ttse`rtronded Vansferee vdth
<br /> H °�'��
<br /> . respact to these mattars in the event that Grantor faiis to provide the wquested srdLem:M ir►a umely manner. � _
<br /> /8. DEFAIltT. Grarttor sfia8�e in detaul!u:eder this Deatl of Trust and the Trustee's posver shail becoma opsrative in tf:e event that Grerttor, E�:. ,. .,:.. . _
<br /> Bortower nr any guarErKOr of the Qbtig�tians: _s�_c��. "� ` .
<br /> (a)taita to paY arry Obligation to Lender vrhen due: �=-=a�+�-s`'':"'�=_
<br /> • ` (b) ieiis M petfortn anyr 059'rgatfon or bt�acttss any warrru�f or wvenerrt to Lenrler oc�rst�rtm3 in this Qeed of Trust or�f�ther presertt or future
<br /> � ;� agraemenx .. . zy.�•-Re-,�,
<br /> (o y d e s t r o y s,toses or dama ges tho Pregarty in any material respect or subjects the Pr�^a�;�o seizure,�o�scatton,or�:rJemnation: �+r��r.r,.,_
<br /> � , (d) saeksto cevake,tem'�inate or other,us��imk its Iiabiiity under any guaranty to Lentlec +�q+ -
<br /> _ (e) di9s,becomas leg a l ty incomp e t e r,i.��'s s o i v e d o r terminafed.becomes i�solvent,makes an assignrnent fo:the benefit ot creditors,taiis m ..?:i°��-_
<br /> pay debts as they bECCms du0,files a�dr1J3n u0der the f8det81 bank�uptcyl laws,has�:^roluntary petition in bank�uptCy filed in wt�iCh C-tantor, . ;,�f.L�1�,�-�•�
<br /> Borrower or any guarantor is namad,or has property taken under any wrtt er proeess r�oc.a� , �""!D°�?_"�''°'-'
<br /> (f j a l lows g o a d s t o hs use d,trens paKed or stared nn the Prapsrty,the possession.tr.•r.^�svrtation,oi use of which,is iUegal: ' .�-�-_-_-°.,
<br /> (�) al��vrs gny party othgt qhan Grantor ot Borrower w a9sume or ur,d2rtake any Obiigaticn without the written consent of lsnder,ot : �r,_.,,,�' �.,�,,., ,
<br /> , ` (h) csuses tander to deem its�sH insecure dua w a stgnficant deciino in the value af the Property:or'rf 4ender,in good taith,for any reason. ,.;�.,--_
<br /> believesthatth3prosp..�etofpaymentorpcstformanceisimpair�. .•-`4;•+'�< ; �._y_'.:
<br /> - 19. RIQ4IiS OF LEHDEA Ofi OEF/l9JLT. B triere is a dafautt ur.dar th'ss�ed of Trwt.Lender shali da oMitled to exerdse one er mere of the �,'�f ; ,.. .�1-�_
<br /> fauovdrtg remedics erithoat notice or demand(except as required 6y lawj:
<br /> is
<br /> • (a}to deGaro tha Obltgffiions tmmediatety duo and payabla in tulf: , ,_R=
<br /> (b) te coliect tha outstanding 0611gaHOns with or wfthout resorting to judiaJ{zr^,.cess ��"r,l �, _ -
<br /> . (o) to require Grarrtor to deiiver and make availabte to lsnder any persor,J r.s'�"•Y,°'���IS cons62uUng the Prcperty at a place reasortabty ,�, _
<br /> r , comaniarntoGrantorandLendor, ,,'�„��;, ��rn•��•:-�
<br /> ?:"I� p r.r�•c�;,i;�i�i-�the appoiMmerrt of a receiver and.at lendar's opUon.to :..., li '`��.�:..�.}:.� ,:
<br /> (d) to ent�r upon and talce ossession of tha Proparry without ap;iyi�< ••�. ..;•-�.. .
<br /> ,,. , ap�oini a recoiver witriout Eond,wfthout fir�t bringing sutt on tho db::�rr�a^�aut�^aut othervvise mesting any stan,rory condiUons regarding '�-
<br /> recefvers,it being intended ffiat lendar shatl have thls conbractuai rig:^Y'tt�ai}:s`*a�iver
<br /> (e) to emptay a managing ager�t of tt�e Property and Iet tha same,er�er i�Trt..�:^seG same,aftertAe n M8�Lett�er o�f in�0�nart►a tl - _;� �
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<br /> , G r a n t o r.a n d r e c e i v e t h e r e n t s.(n e o m s s,Issu e s and proflts of tha Pr�perty and er�.�:"• PaY�►� r�'. "�'•. -
<br /> expsrtses,on account ot the Obligatlons;
<br /> „ (� to pay any sums in any torm or manrter deemed exp�dont Dy Len"'-�r to protect the sseurity ot this Oeed of Trust cr�cure erry detault atrier :_1,.�`,.
<br /> � than gayment of interest or pdncipal on the Ohligations; tnrpu oxercise o1 tfie povrer d�eate as S�
<br /> . ' (p) �fcrectase this Doed ot Trwt judicitillfyr or nonjudicially and ta�rct 4he sate ot the propbrty gh ..� •
<br /> ` rofer.uxed in paragrb,�h 20 hereof in accCOrdanse with applicabSo Iaw,
<br /> (t�)to setcif Grantor's Obligattona qqainst eny amounts owed Grantor by tander inct::Aiig,but not Itmited t�.man�a.ir�strumente,ana deposit `�;"'��
<br /> accountsmainminedwiihlsnderarenycur�ntlyexistlagorfutureaffitiateofl�ender,a:r� � �n '`�
<br /> :t...*' ()to oxe�ise ali other righb available to Lender un�er eny other vrfitten agreement or.�Itcable law. .�'
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<br /> Lendcr's�*ls are cumulative and may ba exorc7ced tegether.separ�ety,end in any order. In the event that LendBr ins��s an acUOn seeking U:e �
<br /> " �ecovary at mry of the Property by way ot a preJudgment remedy tn en acUon�qain�t Oranmr,GraMor waives the pasting of arry bond whteh miSht .j�+�;�, , �.".!s�•,..
<br /> • otherwtse be repuired. Lender or LenQOr'n dosignee msy purchaso the Pmparty at eny sale• Proceeds of any Trustee'e sale harounder shall be "•,'`''' �S`t},`.' : .,,,'_
<br /> 8pp�{�first,to tite costs and axpenses o4�xerctsing Usa pwrer of sate and at tha sale,tnduding the payment of ffie Tncstee'e tees ectuai[y incurted ,��,r ' •_.
<br /> and not to exceed the ameur.t which may be pmNded tor In this Deed of Tnist,second,to payment of ths Ob1lgaUens secured hereby,thfrd,to t1re ;�•= S,•::;;;:.__-
<br /> � paymertt of Junior Vust deeas,mcrt�r.ges,or otAer lionhctders,and the baiance,if any,�olho person or persons legetty eKt:fir.�!therato.TPie ptoperry � ��.=
<br /> �S'[�,:°.,._:
<br /> er any part thereof may be sotd In one prarooi.or in such paccel�,manner or order es Lender in its sole discretcn s+�n�aieat,and one ar more �,��,�,,;'n„_v,
<br /> exerelaes ct the power herein grented shxl!noi extlrv�uish or exhaust the power unless tha entire property ia sotd or ths obt�orts are pald In full. _-- —��:�__
<br /> , Zp, �{�yy�,�g p�pCigE pg ppWEFt pP$�LLE ON OEFAULT: Upon Cs(autt by(irantor In paymant ot any ObligaUons cecured heroby,Lender :� .. . ��,.,
<br /> may deNA.m m;t sums secured hereby imn:diatety due and payabio and E1�teause w be fiied af recatd a vnftten notics of detautt and etect�on to setl �''r•i'�;��: .F r _
<br /> " :" fhe propat�: ARer the tapse of such tima as tt�en may bs requtred Dy�v�tKfwwing recordaUon of such rotice of default,end noUCe at�e having �y�; • ,-
<br /> � ` � been plvan as then roquired by taw,TNStee,without demand on(irantor,�riall seil such property,eithar as a whote or in separate parceis,an0 in auoh - �-''.':�i4,:.
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<br /> order as it or lender may C2tortnine at pu b i io su c f ion t o t h e h i g h e s t bidder. Trustee m a y p ostpone ths sate of all or any portion af the PtopeRy by �: ����,�:__
<br /> puAlo announoement at trte tlme and place of sale,anc8 irom Ume to time thereaRnr may postparte tha sale by pubiic ar.r.r.i.ncement et the time and _f����a , � _
<br /> placa fLred by the proceding postponoment Trustee shall deUver to such purchaser its deed comevin8 ths property,er rr.WOn thereof,so so:d,but t,F�`� �' ;�
<br /> �� ,�� without eny e�venant or war►anty.express or implied. The recitets In such Qeed of any mattera ot fact or othervvise shail be conclusive proof of the �vc�
<br />. . truthtuinacr,+t.ereot. My percon,inNuding Grantor.Trustee or Lender,may purchau at such sale. ;���(' . : . .
<br /> , ti���,�7 .
<br /> 21. REGii1P:T FOF1 NOTICES:Granmr requests that a copy of arry noUce of detauR and 9 copy of ar.g�rrct:r�a of sale hereunder be mailed to each F . ...•� ,
<br /> person w1x is a party hereto at the addrass of such peisan set foAh heretn at the samo tcr�a and In the srs°�a n�ame*°,�:�irad as though a separate �,_�_
<br /> . . requesttha•eof hzd t�e��r�ied byeach suoh person. . ,.. .. c � ,
<br /> ' •; ?2 SECiJ�i17Y INT`�:.,�F�T UNDER THE UHI�dAM CONS7KERCIAL CODE This QaeC.�'r:�shall te ecnsi�:r,r'l n_r,nancing statement and a � : • :
<br /> flxturo filtr.p�ursuent!o tAe provlsions of the ltnNortn Commetcial Code(as adopted in Y�����t"s real prope':i�s�ocated)cavering i'ixtures, r�����"�`,'
<br /> � chattets.+��;zr3ctes of psrsonai P�°PertY naw owned or hereaftar attached fo or to be useC x�caxa�ar!ti the PropeAy togather witin any and all ___,�,...
<br /> roplasa�nuna��'�oreof ar.d addiUons theroto(the'C�attels').and Gtentcr!•rcrzDY 9rnnts�en�er a sa�`t.0•r•u�rast In such Chattels. The deAtor is the ,�,.�-�_� � _
<br /> ,• (3rgnter�Jaa�r:e�a..'^CVe� The secured party is me I.endor deseribod a�ro. Upon demand,Granta�l:�ut"'iake,axecute and deliver such soCUrIty �,�_�f� _ _.
<br /> ,.
<br /> agreame:++'s�;�sucr t�n's a defined in said Unitorm ComrrNrG�l Cods)a�Lender a2 aTs Cre may deam r.ecossary or proper or required to grant to
<br /> Lender a px'S�crn:s�:r.�'c'y^te�est in the Chatteis,and upon Orantor's faituro to do so.t.rc�Kr.r',�is authorized to sign a�b auch agreement as the ageat �
<br /> af Grar�tr:r. C-�-�:rar�'r��u�F��avthorizes lender to file flnancing statements(as such urm fs da��.ed fi eald UnHcrm ssmmcrdal Code)wtth respeet W ��3 , , , .1��?;�'"-
<br /> tu • .��:_.r.. � __<.,,
<br /> � tha C�a�y�;,a:erry, 4r.rt.�sv;.t�out the signature ot OraMOr. Gtantor wi11,hawever,at any 5�rrc�:pon request ot Le�;rw�gn such flnancing statementa. ���;�,;�.,,r,,.,,
<br /> Qtgntqr a�13�.r�all titing fees tor the filing of such flnancing stat9merMS and tor tlie ref i�a��i.areof at the times reriarrai,;n the opfaion of Lendet,by ��,�;,�_,;:
<br />' sald Lt.*�`axm+..ommecdal Code. B the Iton of this Oeed of Trust be sab,�s�to any securiry�qreemerH xue.tn fl�'n�"3.`.attel�.then in tne event of any ' f, � f��jn r:
<br /> defautt urtr,ur�is Oeecl of Truat,ail the r�!�+�,tN1e and interest of Grar�ec r and to eny 2nd all of the CP,�i�f¢tc�Me r'�Y assl6ned to L,ender,tagether .5.`� s�
<br />' , wrfth the�r!dPit of arry deposks or payrtsonts now ar hereatter made tta�ct Ey Gtantor or the predece�ern vr s�ccc5.wra in tiUe o1 tirartWr in the =;}k,r��:t-.._.y , '
<br /> '� PlopErty. �.4`�l�'�C�C""`:��d�.
<br /> � ; 23. REIMBURSEIAE.WT 0F AMOUHTS EXPEHDE9[33t LGtAOEA. Lender,at Lenders a�stlnn,may exp5nd tunds(inc1utllng attomays'tees and IsgN :aaTTF'�•:. ..
<br /> a s o}Ttust. U
<br /> nsos)tope Aorm am act rcquirod to bs taken by Gr�.�tor or to oxerciso any right cr ramCdy of Lender under this Dcod pon damand, _
<br />. Gr�Bntor she�l(mmediately reimburso Lender tar ell such amounb exponQed by Lender Lo�-z� ther with interest thereon at the lovrar o1 the highest tate " �� •
<br /> described in any dbligaUan or the hlphe�t rate allowed Dy taw irom the dato of paymQnt untii tho date ot roimbursemon� These sums shall be � ����
<br /> inctuded in the deflniUon o!Obiigatlonn hutoin and shall be secured by 4he beneficlal inurest granted herein. N the ObligaUon9 ere pald after the ..��t:;.-
<br /> begInning of publicattan of no�co ot sale,as horeln pmvtded,or in tho evont Lender shalt,at its sote opUon,pormlt t3rantor to pay any part of tho ;,,:,;�.,;;�.�;_ ,
<br /> 04tigatlans aftnr tho baginning of publicaUon of notico of Stile,es horein provided,than.Orantor shall pay on deman0 ali expensas Incurced by the . ._
<br /> Trus�eo and Londer in connection with safd publicatlon,including reasonabio attomoys'toaa to the attomeysfor the Tnistee and for the Lender,and a � __
<br /> roasonabio foo to the Trusteo.and thie WCd Of Tru4t shull 60 secutity 10t all SuCh expOn8o3 end feo9. � � ' '
<br /> ?A. MA1tCATIOH OF PA1/316ENT9. All payments made by or on behalf of QraMOr may bo applied e�alnst the amounb pald by Lender(netuding . .
<br /> attomnya'taos and legal expensea)in connectlon wdh the exerciso ot its Nghta or remedies dascribed�n this Deed of Trust artd then to the payment .
<br /> • � of the remalning Obligations in whatevet arder Lender chooses. 4 . .
<br /> 28. P�iIEH OF A?TORNL°Y. Grantor here�yr appoints Lender as its enorney-in•fact to endorse Grantor's name on all insvumento and ather _
<br /> � tlaeuments pertalning to tho Obtigations or Dced ot Trust In addition,Lnnder shatl be ontiUed,but not required,to pertorm any action or exeeufe any . .
<br /> documertt royuirod to be takon or exeauted by G►a►KOr undor this Oaad of Trust. Lender's performance ot such action or exocution of such -
<br /> � documants shall not reli8vo GraMor from any ODIigation or cwro any dstault under thls Qeed of Trust All poviers of ettorney doscribed in this Oeed of •
<br />.: Trust uro coupted with an intrrost and are irrevacabte. . •. . .
<br />---- , • � � � �,,;,r,d,;, :.�;!�_s�4rttg�d to the�g►MS of�he hotder of an prevlous lian.seeurity inierest or encumbrnnce .
<br /> -°- 26. Si7aii8&.iit8�.�L.-C.�:t.
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<br /> � discharged with tunds advaneed by Lendar regardless of wttether tt�eso lions.sscurfry iMarests or ot er encumbrances nave Daen ro�eased of rgcoro. . .
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<br /> IPYEBt 1C i Fo�nA!.on ToMnO'�:M.:�e 10,II8i9S1 lPAO)9977799 Pago 3 0!S _'_. _'._ � ' . .. .
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