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<br /> or obsoltte,pravic�ed that attch pencsnnl praperty is rzplw�i wiQe whee persucwl property ui texst equal in value w the
<br /> rcpl�ced percon�l property, frca fram u►y dtic nicnl'an dcvi�, s�.uriry arreenxx►t or othPr enc�unbruu:c. Siu:h
<br /> repl�t of pereaw! pm�ony wll! bc deaneri sut�jK� to the r�xurity intere�t crestc�l by thia Deai of Trust. Gruator
<br /> sh�ll uat psutltian or cubdivld�;t1�e F�roperty wittx�ut l�aute�'t prlar w rittea coasatit. i,au1er or txndcr'� a�eat9 n�y. w
<br /> l,e,tider's optioa,cater tha{h�o{►c�'ty nt any r�stx�lo titns fu thc purpase of ias�ectlag the Property. Auy uwpeEtioa o�
<br /> the Pmperty�!I be aul��ly for I.eacler's be�cflt�f Gr�uor will in c�way rrly oa I.eader's ias�ctiou.
<br /> 13.AUTHOit1TY'ltiD PERFORM.If Grustor fails to perfartn any oi Orauwr's dutks under this Decd of'IYust,or aay other
<br /> mortgr,�a, dxd of tnut. Ilcn or whcr securitp intcrtsi th:t h� ptiodty over thia Doed of 7`ruci, Lxnder may. without
<br /> aotla, paform tho duties or cauce ttum to be perfam�od.Granwr appoints Lesuler as uwnuy in fact to si�n Graator's
<br /> aame or pay Aay arnouui nax.swry for pa�forrn�nce. IP any constru�tba on the Praperty is discontinued or not cuYiod on
<br /> in a nasonabk mann�r. I.rnder rnsry da whAtever it noccswy�to pzotoct Le�nder's socurlry interast in th�Pcoperty.'Il�19
<br /> m�y includo completing tho cuauruction.
<br /> I.rndcr's dght to petfarm for Gr�ntor shall aot cr�xta An obligatlon ta►perfora�, aad Lasd�er'a fnilure ta perform wiA not
<br /> preclude Leader from eacereisinp aay of l,eader's ott►�r ri�hhtc uader the l�w or chL Dood of Trust.Any amounts psld by
<br /> Leadet for insuriA�,Pi�ctving or otLeiwise proteciinF tt�e P�Y��r�s sxu�Y Int��will be due oa d�d
<br /> aaad will beu intemt from the date of the pay�nxnt uniil paid in tul��t the ia:erest rate in�ffoct fmm time to time
<br /> accoraia�ta tLo tcmu af tha Evideace of Debt.
<br /> 14.ASSIGNMF.NT OF L6ASFS AND REN'I'S.Graatai imovocably graata�coaveys and seUa as additionAl security�ll the
<br /> rlght,dtle aad inurat in�ad co any and all:
<br /> A. BxisHng or futuc+e le�s,suWe�ses,licasses.�unrtatics aad aay otha�writtea or verbal sgroar�eats for the usc aad
<br /> occups�ocy of any portion of the Property. inFtudia� aay eacauloas. reaewals. modifications or a�bstitutiaas of
<br /> such a�reaneuts(all refaced to as'Leues").
<br /> 8. Reats, issua atW profita(sill refand to u'Rcnts')�includi�o�but not limital to security depasits.miaimum reat,
<br /> P���+Be nnt. �dditionAl reat, ooaomon ue� m�inteaaa�cr� c�rges� Puk�aB char6es. real estate tua� WBa
<br /> applicabte tar.es, insurux�e pranium coauibutians.liquicWxcl�m�gea following default, caacellatiou preao�v�a,
<br /> "loss of rmts"insuraace,reveaues,royalties.Proceods.boausea,aad all dgtus aad clalm�which Gr�ator may have
<br /> chu in aay w�y pcztdns to or is on�000unt of tbo use or oocupiacy of the whole or aay put of the PmpeYty.
<br /> �aator will�comPU9 Pmvide l.eiider with ave and comct copies of all e�cisels�g an�d fluure l�eates. tirmtor ao�y collea,
<br /> rdxive.eajoy snd ucc the Reau so loag a9 Gr�nwr ls not In defxule.Gr�otor wlll not colloct ia�iaace aay Reats du�ia
<br /> future lern p�riods.un2ess Grmtor firai obt�ias I.wdsr'c vritua coss�eat.Upon defwlt,Granu.��:'1 rxdve�ny Reata ia
<br /> snut for I.a�der aad Grantor wlll not commingle tLe Rcr,�with aAy otha�fuads.M��aaouats ool7ectod shaU be �t
<br /> l.eada's dLscretioa to gaymeats on the Secured Debs�t6erein provided, to oosts of mAaAging the Propaty, idia�.
<br /> iwt not limited W.all caxes�attessmmts,;��,*�,,,,�•prarriums.repaire, and commissiaas w trotal a�eats.and W any otha
<br /> noaswry rdamd,ezpeases includin�L�ader's atteraeys'fac.Paral�,�l fxs aad court costs.
<br /> Cvaetnr ac]mnwladaes tt�at thit assianaxat is�erfocted uAOa tbe reeoxdin�of this Doed of'ttust�nd that 1�3er is�atitled
<br /> . .;�nasify say of Graatar's tenants t4 malce payment of rmss due or to beoo�e due to I,mckr.However.l.essGet�g=es t�t
<br /> only on defanIt w�ll I.enda noti$►Gr�ntor�nd Gnmtor'a teaaats and tnake dea�ad tbat sll ti�turt Reats be P�id diraxly w
<br /> I,wd�r.On rooeivin�tlio notice of default,Gr�tor will e�dorse pnd delivcr to Leader mY paynuacc of Reat ia Gr�ator':
<br /> Possessluu.
<br /> Gnintor ooveamte th�t no defiuilt�xists uader tbe I.casa or any applicab3e laadlord law. Graator �1so ooveaaab and
<br /> �roes to no�iatain, smd to raquire the te�nts to oo:upty wltb,the Leases aad any applicable law.Gzautoz w�ll P�Y
<br /> aodfy I�eader of any noncompliaaoe. If Graator aeglaxs or refuses to eaforoe compli�x with the tams of tve I�ea�a�
<br /> thea I.eader may. at I.eader's opdoa, er.:�roe compJliaoe. Grantor wlll obqin Lasder'a wriuea authori�tioa bdare
<br /> Gr�ntor conteata to sublet,modify,caaoet,or othtrarise�ltu the I.ea4es.to nooept the�mmder of tLe Propaty oovered
<br /> , ' by such Le�es(unlas the I.esses so teq�.�+e), or to usfgn. coaqrxncnise or mauaber t6e L�easa or aay fuwre Rmtt.
<br /> Cuantor will boki�[.eadcr h�rsnless aad indezmify l.aotks for aay and all liabillty.loas or dam�e tt�aat L��der nsuy►iocur�
<br /> a oomxqutaoe of tbo sssi�nnxat undcr this section. �
<br /> 1S.CONDOMINIiJ11A8; PLANNED [JNIT DEVEI.�Pl14E.�VTS. If the Prapaty ixiuda a unit ia a ooncbminium or a
<br /> �� plaonal unit dcveIapmmt,Gr�ntor will pesG�um all of G�mtor's duties under the oovea�ot�.by-Etws.or regul�dos►t of tLe
<br /> oamdomoinium ar pleaaed unii davelopmeat. . •
<br /> ' 16.DEFAULT.Graawr wnF1 be in default if any of the foJEawlag oxur:
<br /> A. My party o6ligaSed on the Secu�+ed Debt fails to m�tte paytrxot whea dtx;
<br /> B. A breadt of any tam or coveaant in this Deed of 7�ust,say priar murt�~.�,�or�ay constnuxion loaa agroement, ,
<br /> , aec�uitg�qgraemrnt or any other dacsuneat evideacia8,C�Y�B, �8 or otheswiae r�luiq�to the Sxured.
<br /> Debt;
<br /> C. 'Ibe m�irin�or fwnis8ieg of�v�or writtea represe�tion,ciatasrcat or w�rranRy W L�eades that is f�lu or
<br /> f ineorrx�in aay mnerial respe�x�y Graator ar aay pa�on or eaticy obllg�tect c�a tlu Sa:u:ed Debt;
<br /> " D. 'Ihe�L, ditsolution, appoi�t of a reoeiti+�a. iasolveflcy, or applic�tioa of aay debtor relief iwzw to or of
<br /> . Granior or aay p�erson or entity oiitigatod on the Secured Debr,
<br /> - i3. A gcioG f�it�be3ief by L�a:��„y t�t�i.�,s u�..,.�..urits r.;,�,�ta�y�^.�ar eatity ab::g:ted oa
<br /> the Secured Debt or that the pm�Qe��oY anY Pay-meat is im�iral or the Pc+operty is impaired:
<br /> P. A m�tai�l adverrae change in Gnator's businas irnluding ownezrhip,maaagmoeat,aad fin�acial co�ido�ns,which
<br /> I.enBtr in iu opinlon belkves impairs the vatua of tbe Praperty or repaymeat of thc Sxured Debt�or
<br /> G. Any lwn prooc�ads are used for a purpose thu u�ifl conuibuu to excescive rrosioa of higbly erodibl�laad or to the
<br /> coavasion of weilands to prodnce aa aYricultnrtl oommodity.aa further eaplaiaed ia 7 C.P.R.Part 1940,Subput
<br /> ' G,Bxhibit M.
<br /> 17.REMEDIES ON DEFAULT.In some instaaces,fodera!aad state law will nquin I.eadet to provide Gnator with notice
<br /> of the right to aue.madlatlan notiees or other notioes a�od may estsblish time cchedules for foredosun xtioas.Stibjoct to
<br /> theee litnitatioas.if any,l.crxier may accelerate the Se�suod Debt aad foreclose this Daed o�Tnut ia a manaer provided hy
<br /> law if tLi,c Grsntor is ia dofault.
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