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<br />` � ��°' ����9 � . "
<br /> `, ,� (d) CaraMOr has tha right and ia duty au4horized to exeats�and partortn its Obiigations urtder this Oaed of Trust and thesa actions do no2 and . ' . . ;� �-
<br /> t �
<br /> shal!not oorMlct with the provisiorts of any statute. regalation.ordinanca,rulo of law.oontrsct or othar agreoment which may bs binding an �
<br /> : d Grantor at any tims: �_�;• � � '�
<br /> `., iI (e) �to aetfon or proceedinA Le or sht�ll be panding or threataned which might matodally aNect the Property;and .. :`.�-� �;,,
<br /> ��iJ limited to,those gcvem ng Hazardous Mabsriats�j whlch�ma8terially ffifeet the Property o Le der'�s ghts arenterest n the�Rrope�rty Pursuant • . ,. . - r��
<br /> , r � to thia Deed of Trust
<br /> 3. �RtOR OEEOS OF TRUSY. GraRtor ropresants end vfatrants that tnere are no prior deeda of trust aHecting a�ry part of the Propertyr except as set �
<br /> forth on Schedule 9 attaehad to this Oeed of Trust,whieh GraMOr agroas fi pay and pertorm in a Urtrery manner. M thare are arry Rnor deeds ct trust �
<br />` ' then Grsntor agrees to pay e11 amourtts owad.and peAorm all obligaUona required,under such deeds af trust and the indebtedness seeured thareby . , ' ``�_�
<br /> antl turthsr agreos that a defautt under any prior doed at Vust shall 6e a detault under th(��aad of Trust and shall errtitte Lender to all rights ar:d � •
<br /> remedies con+sined herein or in the Obligallonsto wh�eA Lende:woutd be eMiUed in the eveM ot any other detault ; '
<br /> - ' 4. 1RAl�SFERS OF THE�ROPER7Y OA BENEFICIAL IIdIERESTS IN GRAHTOAS OR BORFiGWEii3. In the aveM ot a sate.eonvayance,lease. ,
<br /> -�'' contract tor daed or trans!Er to any person oi ali or arty part of Ms real property desaxihad in SChedute A,or any interest therein,or of ell cr arey � . , . . � ,
<br /> -- banaRcia3 irttcttrt in Bo.*rovr�r or C�r�lof fd Lancvrer or Greni�r is not a natural Rerson or pe�sons but Is a corporation,limited Iiability company. - -- --_�.. ��-
<br /> partneiship,trust,or othar legal entiry).Lender may,at its op�on dedazo tAe outstanding prinGptJ balarce af the Obtigatior�s pius rtccrued irttere3t <
<br /> sh
<br /> ' thereon immediately d�.e and payaDto. At Uender's requesi.Grantor or Barmvrer,as the qse may bo.shalt tumi�h a complete statement setting forth . . , --
<br /> eil at it8 sMdchotdars,members,or partners,as appropria�.end the e#�rtt of their respective oumership irnerests.
<br /> �. A$$tGMN1EtiT Of BEtiT& tn consideration of the Obiigations,vfiich at0 secured by this Deed of Trust,Grantor absoluteiy assigns to Lender 811 .. _ ,
<br /> Grartmr's esffi��,rigM.�;tle �nest.daim and damand noN owned or hereaflrr acquired in al!exlsting and tu�r8 tQa�ts af tha Property(irtcluding ��.+..� _ ` .
<br /> extenstons,�:�ewaZadftl si�:eases?.s11 agre+3msrrb for use and oxup2ney of the Property(ail such leases and a�reeme�s whether written or ora1, - .; -- . . _ �'+'
<br /> ::D �,---�-� .
<br /> ara heraafAer rofomDd ta as the'Leasas'},and all guarantias of lessess'pertarmance under tht Leases.tcgether wdh the immadiate and wntinuing , � .
<br />�• right to coltect and reoeive ali of the rents,lnaome,receipts,revenues,issues,profits and other income of arty nature rtow or hereafier due(nGuding ;r;����-�.
<br /> � • any ineome ot any naturs eoming dae durirtg any cedemption period�under tha Leases or irom ot arising out of the Praperty inciuding minimum • _ ,�:,�,,,-,.�.r-
<br /> � rems,additlon�!rerns,parceMage rertts,parking or commo!e area maintenance conVibutions,tax end insurance corttribution9,deficioncy rertts, },;;;�=-___,�__._:
<br /> " liqu[dated damAges toltow(ng detautt in any lsase.all praeeeds payabte undar any policy of insurance cwering Ics o} ronts resutdng from ,
<br /> • urrEenantability eaused by dsstruction ar dam�qe to the Property,all pmoaeds payab(e as a resutt of a lessee's exerctse t��eptfon to purchase tlse ,•
<br />� Property.eli�a:oreeds dertve�i from tho b2rmtnation or rejedian of any Lease in a banfvuptcyl or other insotvenry procee�r�,and ell prooeeds irom , : ='��
<br /> erry rigMs an4 daima o}any klnd vfiich Cira.�LOr may hava against any tessee under the Leases or any occupants ot the Fr.�eity(+tU of the above are _�-`�,�, --
<br />� � hemaiter oall8ctively refeaed to as fhe'FU�rtis'.This assignment is subjact to the right,Power and authority given to the L.-�der to coilea�+d appty �j' Y?"4=�1�,:-�T,:=,�•
<br /> the Fients. This assignmem(s recorded fn�scordance wilh applieabfe sffite law;the Iien txaated by this assignmerri s`.r�anded to L•o�eclfIc, . `�:`,� .r'.., • �
<br /> " perfeded.and choata upen the raeording of thts Oeed of Tnisi.ail as provided by apPlicabte staie law as amended frec�?�rt►e to time. As teng as . .{.. �'"°�"`��,,
<br /> � thete ia no default ur.der t3:s abligattons or this Deetl of Trust,Lender gtams QrBMOr a revocable Iicense to collect aii Fsc�s from the Leases rrhen �,����_'-
<br /> due and to use such procaeds in GrentoPs business operatlons. Hawaver.Lender may at any time reqwre Grer�tor to deposit all F�rtts into an .;.,�...�:,,.�
<br /> • acoount mz,ir�ined by GtanWr or Lend�ai LendePs instiWtian. Upon defauR in tAe paymarti of,or in t he pe r f o r manca o f.arry o f t he�t i�o n s, -�i,;�._�4�
<br /> - - lsnder msy aR its option taka poasession ag the Property and have,hatd,manage,tease and operate S:e P.�erty on terms and for a palsa�ri time ��s�,��.,.��°t�•�
<br /> � that Lender deems proper. Lender may pracesd to coltect snd recehre al F�Ma from the property.�^��=rsder sAall have tull paucr;p make . : ,� —_-
<br /> afteratlon9,renavations,repairs or reptacements to the Property as Lender may deem proper. 4ender ma��.:a!1 i�r�^.`n Lender's s�re��scretton _ :,A� `�� �
<br /> ' to Paymertit ot the Obligatlons or to the payment of the cost of such siterations,renovatlons,ropairs and ra���:�'s^r•r_+fs'y e�e_:.a.�:::cl�ertt to -.;�,�.�, �_,_
<br /> :...s
<br /> . taking and reffiining possesstan ot the Property periodicafty and th�managemertt end operation of the Frc,car�- i3n:m-�ay ke�the Property �I�• -•f'�_
<br /> ro rty insured and ma disch e aY � I� .�r . �
<br /> P De Y ar9 �fl�es,char8es,daims,assessmenLS and other Itens which m accrLre. s�r�ense ar�d cast of thase �:.�,'':� '.
<br /> �� ¢ctlons may be paid irom the Renta received,and any unp�:d emour►ta sAa1i ba fldded to the pdndpal ot tha CD'nga��~ss. �esa ert:su'�,to9ether -� •���
<br /> ' with otfier costs,shail become part of tha Obfigations secured by thls Oeed af Trust �� �
<br /> 8. LF�SES AND OTHER AGREENlENTS t�rantor shall not taka or fall to ffiice any action which ma3�.sse ot pe:mft tho terminatlon or the �
<br /> withhoiding of any payment in connecticr�idr:i any Lease or other�qreement('ABreamenY')pertaintng to��P►operty. ��addition,tirantar,vrithout ;
<br /> Lender's prior wriGen consertk shall not(a)eoltect any anonies payabte under any Agraement more than one mordP r..�fl�vance; (b)modity any "",-�:' �; : _
<br /> ABreemer�(a)assign or allow a lien,sawrityr irtterest or other encumbrance to 6e placed upon Qrar�ter's ctghta,���:d frrterest in and to any . ;
<br /> � i�qreemeM or the amau�Gayab�e thereur.der,or(d)tatminate or cancei any AgreemeM except fot ttro nonpayment ot arry sum ar other matertal �
<br /> • breach by th�a alher pd�2he.�ato. H Qr�a:a'receives at any time any wriusn eommunication assertlng a datainit by(3rantor under an Agreemertt or �'�.r=' � �:+�, `,
<br /> � putportiryd ta t9rrnL^�„a 9r canwl arrs .t��reement, GraMar shall pca:�pUy torward a copy ot s•r•aT ec�mmunicaUon (and er^����sequeM "" =;;�
<br /> commtv�.'Ca��s Tet�."�Lherea)to l�MFr. All such Agreemertts and sfie amounts due to Grantor tt,�farn3sr ete hereby assignad t:tsnder as "<v� .y � �� ,
<br /> .:� � additior,�socu�ftytcri'�aCbtigaUans. j�r�>,_+ .9��•' '
<br /> �� 7. COLLECY1pN OF f�TEOHESS E'aZ:rN THiRD P��TY. LenQer shatl be entitled to notHy or require tirantor w notity sny third Fnty�j.�ctuding,
<br /> but not Iim�d to.le�ees,I;oensees,govemmeMaU a6fi�o`Nes and iasurance wmpanies)to pay Lenderar�y indshtedr.e2v ar obltga.°orf owing to : . �'•�if:-�.; ;:
<br /> av ='
<br /> tirantor witA respect to the Property(eumulatively'inde�edness�whether or not a detautt e�cists under this Oeed ot TrusL (3rantor shail dHiSentJy -"'" -�'"•'-t
<br /> • eolleet tha Indebledness owtng to Granter from these third partles unUl the g(vfng of such notiflcatlon. In tha aveM that Grarttnr po^r.�,essa�or�ecshroa •�r�,��•�•
<br />• posaessinn mf eny fnstrumeMS or other rertirttances with respect to the Indebtednes9 foliowing tha Qtvlag of cuch noUflcatlon or H tho i��ruments or '"'�""'°�.°'�-
<br /> othe�teisi�nces constltute ths prepaymant o}any Ondabtednasa or the paymertt of any inauranee ot oondemnatton prxeeda,Grartnar ohail hotd �
<br /> 3ueh InsuumeMS and other remittances in trust tor Lender apart irom its oUter propsrty,endocse the instrumanta and other cemttTanc�s»Lsnder, �5�:;__
<br /> ' azr!imm¢diatety prwide lendsr wlth possasslon of the insCumeMS and other remittances. Lander sha0 bs ernitled,Qut not raqulred,co aolix4(by �,..t.;��,,,..
<br /> ca,si proxedings or othervvise),sxtand the Ume for Fayment,eompromise,exehenge or releate anyr obligor ot co11aUr�l,or otherwise settle arry of �����=
<br /> �e tndetittdness whethar or nat an evant af defauit exists under thi9 Apreemortt. Lsndsr shall not be It�bto to(irarttor tor arty action,artor,mistaica,
<br />� .� . omis5ion or delay perteln(n8 to the actions desaibed tn thla paragraph or arry damaaes resufting theretrom. fYoiwithstandinp the foreQo(ng,nothlny ■*+I���+^'��= . .
<br /> a f° �°°,—�:
<br /> . heroin sh37 causs Lender to ba deemed e�mortgagesdmpossession. �-
<br /> B. U8�G4�IYWHTENANCE OF PAOPEp1Y. GraMar ehall take ali acUon9 and maks any rspalrs need�d to mainfsin ths Property In paod �=�-
<br /> . � oondHtcn. �rantor shalt rtot eommit or perm(t any waste to be eommitted with raspect to the PropeRy. Orantor shall use the Property aotely in �.,y �-�
<br /> compIlance with applicabte law and irrauranas policies. (irantor ahsili not makg arry attara�ons,additions or imprcvements to ths Property withaut
<br /> LsndtPs prior wrftten wnsertt WAhout Iimiting Ute toro8oln8,ail alteratlons,addiUona end improvemerrts mad�to tha Prop�rty ahail bo subJec!to ��. .:r•-�
<br /> ths 6enefictal irtterost Eetonginp to Lender,shall nof ba mmoved without Lender's prlo�written cansent,and shalt De made a!GrantoPs sote�xpsnse. ,��_���;;,�,�-
<br /> 9. LOSS OR D�AAAGE Grantor shall hear the entire dsk o}arty toss,thaft,desVuctton or Qamaga(cumutaUvely't.oss or Damage�to the Property or �:'_
<br /> �. arry porLOn thsreof from arry ceuse whatsoaver. In the eveni of any Los9 or�amage,Grarrtor she11,at tho optlon ot tander,ropar the aNected
<br />� � P�opertf t�x L�pnvlous wndiUon or pay ar cause to be paid to Lender 1fie decrease in the fair metket vaJue of the aHscted Rroparty. ,y,�•K.,��
<br /> � 10. {lis.Et�pHCE fie Property witl be kept insured tor ite full insurabie value(reptacement cost)q�st all h�ard9 inctadir.g(a�a or damaga •_
<br /> caused by ftood,earthq��e,tomado and flre,tho8 or ott�er casualty to the 0xtent requlred by Lender. fantor may obteln insuranca on the Properiy •
<br /> from such companiea�.aa axeptable to Lender in is eole discroUon. The Inaurartce policias sTfa1!roquire the insurance company to provide • � �"".
<br /> � Lertdt►with at feast daye'written no�ce before such poliNes are ai�or cancettad in any m9nner. The Insurenee policios shall � � ' � __
<br /> name Lendu as a toss pu�ee and pravlCa that no act or omisston ot(irantor or arry r�M�s person shail aifeet the r�ght of Lender to be paid the
<br /> ' . ' insurance proceeds pertaiNng�the tos3 ar damage of the Property. In the eveM Cru�c�r fails:a acQulro o►malntain insuranca,Lsndar(aftar __ �• �� �T
<br /> provldfng noUce as may be required Dy��vey rnay in its discrellon procuro eppropriate t�s:.-�nce oc�.��upon the Ptoperry and the irr.�rance cost �-�_.-���
<br />• shall be an advance payabte and bearir�),-r�rost as daseribed in Parograph 23 and se�:red hera�y. mitor shail fumisb Lender wit4r�avider�ce of • �
<br /> insuranoe IndlcaUn the roqutred eava s. lender mar act as attome n�fact tor G2rtxr ln ma;r-��.+d settlin ctatms under irtsur,�*se Iicies, """'P'F"'""'i9" �"_
<br /> D �, '� � ' insumr. NI such insurance Iicies sh�ll be �.��,���
<br /> • • canoelting any pollcy or endorsing Grantor a name cn ac^,;Craft or nego4able insVUr.�rt�'r.awn Oy eny po
<br /> imm�dlately asslgnsd,ptad�sd and deiivered to LenCar as:`urther sscutity tor the OP�fQr,tl�a.RS. tn the event o!loss,Cuantor sh�ll immadiatety give ••':�"'°```'-'
<br /> Lender wrlt�n noUee and Lertder is authorixed to mrico�p��:a4 of iosa. Each Insuraroa c•ra��any ta dlrected to mace paymenis direahr to l�nder ,;�-����1�
<br /> insteaQ of to liender and Cirantor. Lond�t shall hava Ma rr,�t,at iLA so:e optbn,to a;r,�;�+�.�eh moNes osward ths Ob�iga8cns or ecxattt!he cost of ; ._,,,�.,;,„ti'�;:cj__
<br /> rebuildlr.Q end restorinp the Property. My amount9 may at lenCor's CGticr•be appiie0 ia�:'e Inverse arCer of thm due dates thereot. .�4 � ' • .
<br /> 11. ffi!tOt�AND PANATH COYEf�ANfS. Grantor sha11 r.ot initia�cr rsr.aent to any er.ar•ge in U:e zcr:r.p prrnfa)ons or privato ce rarantu�°:tecting •�`'"° • �
<br /> tha u�cf the Property without lsnder'a pflor writtan consent. It Gr�^ar's use of the R;.;.arty beccrea a noneoMOrmirtg usa ur.��a�:,v zoNnp . . • ''•� _
<br /> provision,Grortmr sAall rtot cause or permit such use to be discontinued or abandorteE without ihe ptior written consant ot Ler:Ce,r. Gantor Rill � ,
<br /> ,� immedlatety provide Lender v�ith written notice o!any Frap^..sed ehanges to the zonirtg pmviaions or private covenams aHecdng the PrcFe:".y. � •
<br /> ', 12 CAHDEIANAttOI� f3r¢ntnr shail Immediateiy prov�zte Lender with vnitten notice af sny actua!or threatened condemnation or err,irest domain , '
<br /> . praceeding pertatnirtg to tfie Proporty. All monies payable to Grantor f�om such condemnation or taking are herehy asslgned to Lendar rsnd shali b� �
<br /> • � appiied first to the payment of LendeYs attomeys' f�es. legal expenses and other oosb (ncluding appraisal fees) in connecticn vAth tha . '
<br /> . ' condemnadon or eminent domaln proceedings end then,at tho option of LenQet,to tAe payment of tha ObAguUons or tlio restoration or repzlr of tTe '
<br /> Proparty.
<br /> 1�. LENOEii'S RiQWT TO CaMMENCE OR OSFEt70 LEGAI.ACTIONS. Granwr nhNl imm2�iately provido Lender with vrritten notiw o1 any actual
<br /> • or threatened action,suit,or other prooeoding aftecting tfio Praperty. Grarttor hereby appoirHS Lender as ite attomeyindact to commence,irttervene . __
<br /> in,end detertd such ections,suita,or other legal prooeedings and to wmpromise or setUe any claim o�conuoversy per4tinfng thereto. lsnder shali , � ,
<br /> not he liabte to GraMOr for ony acUon,error,mistaka, amisslon or detay portaining to tho aetions deseribod in this psvagraph or any damages , _ • ' ,.-
<br />_ resuttlng therefrom. Nothing coMalned hereln will prevent LenQer fram ffiking the actions dsscribed in this paragmph in its ovm name. . —
<br /> 10. INDEMt�IFlCAT10H. Lender sha11 not assume or be responsible for the pe�formance of any of Gmntor's obligations with respect to the Properry . ..
<br /> under arry cireumsmnces. Grantor shall immediatoly provlde Lender with Kritten notice of and indemnity and hold Loncfer and its sharehotders, ' _
<br /> directors.�oem.emptoyees antl ageMS harmtess from NI claims,damtigas.11abillttos(ncluding attomays'tess end lagal expansesy,causes of �
<br /> • " action,aetions.suits and ather iegal proceadings(cumu!ativoty'Gaims")pertaining to the Propsrty(ncluding,but not limited to.tho:,s involving
<br /> Hazardous I'daterials). Grantor,upon the request of Lender,sh�ll hire leg�l counsol to detend Londer hom such Galms,and pay the attorneys'feea. • ,. �,
<br />- - :�!�„-7sw..:ttt!oih«.s s�».cutt�3 itt xrr.xlion!l�re�:zlh. !�tt!^el��mali 1e.lander s!!zl!re snlit!ed to emQtay 9t5 own�ey+?�c+o��nsrrt to d�nA , - --
<br /> � � such Gelms at l3rantor's cost. Grantor's obligatian to i�demnify Lender under this petagraph shall survfve the termination,rofease or foruelosuro of .•
<br /> .� this D_°ed of Trust. ,
<br /> � I LP7�Eyt18 e eor..WhonTeehno�og:o�.:ne.18i28iBil (E001&?7�3189 vogo2d5 . . : . . ' .
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