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<br /> - 92-- 1 012001
<br /> � � � 06331
<br /> L�nd�r to pioqat th�ssaurity of th�Nots;(o)th�p��form�nos ot�11 cov�n�nt��nd�prMmmU of T�wtor Nt foRh h�r�in;�nd(��II
<br /> prosmt and fulun Indabt�dneu�nd obllp�dons of 8orrowe(or�ny of th�m if more then o��)to I.o�d�r wheth�r dlnaR Indlnat,
<br /> � ' ';::'*,'_ ��.".i abwlute or conqnp�nt�nd whether�risinp by nots,pu�ranty,owrdnft or otharwlse.Th�Not�,thi�Oe�d of Trust and any�nd�II
<br /> othei doouent�th�t waure ths Nota or otherwl�e sxeout�d In connsatlon therewith,Inoludlnp wilhout Ilmltadon�u�nntee�,t�curity
<br /> . .•.,,, spreem�na a�nd aulpnmenb of leaa�and�enq,shdl b�r���rnd tar h�►eln as tho"Loan In�p�um�nl�".
<br /> Truator cov�nmb end apree�wlth lsnd�r a�followe:
<br /> - * 1. PaynMM d Ind�M�dn�a.Atl Indebtednees�oured hereby ohall be paid when duo. •-
<br /> � . � � 2. TIlN. Tru�tor Ia th�owner of th�Properry,he�ths ripht and authority to convey the Property,And warrpnts Ih�t the Ilen
<br /> .�. , -xj•::Axnn created hereby is a 11rst and prior Ilon on th�Property,except for Ilens and encumbrances�et lorth by Trusror In wridnp and
<br /> �::p.-ri�;;:i.�F; delivared to l.�ndor before exenuUon of thla De�d of Trust end tha oxeoutlon and delivery ot thl�Dead ol Trust doe�not vlolate any
<br /> � t ':�;•� contract or other obllpaUon to which Tru�tor I�sub�ea4
<br /> '��' 3. TaRq,AssMim�nb.To psy bafora dalinquenoy all taxa�,speofel eooes�meM�and all othar choryes a�alnat the Property
<br /> v ��-?��-z�-��. now or hereafter Ievied.
<br /> - -'..`'"``�' �' 4. Inwrano�.To keap the Property inaured e�alnet dema�e by tire,hezards included wlthin tho term"extended coverape",and
<br /> �� �r . •}• ' such other hexards ea Lender may requfre,In amounte end with compeniea acceptable to Lender,naminp Lender as an additionel
<br /> � , -�� nemed inturod,wlth loss payeble w the Lender.In caee ot loes under auch polfcles,ihe Lender ia authorixed to ad�uat collect and
<br /> compromise.ell clalms thereunder end ehall have the optlon of applying all or partot the inaurance proceeda(q to eny Indebtadnesa
<br /> ��=��W���-�.�-=��'' secured hereby and in such order as Lendar may determine,pi)to the Truator to be uaed lor the repalr or restoration.ollhe Property
<br /> � a �/ • cr(Iil)for eny other purpose or obJect eadalectory to Lender without aHecting the Iien of thia Deed o(Trust(or the full amount eecured
<br /> M.�.�Li'1�:.�.'� .. �
<br /> �;'��""' hereby bebre�uah paymer.t aver took place.Any appllaatbn oi proceede to indebtadnaw shell�ot exWnd or poatpone tha dua
<br /> ~ °'"�'•" " � � dota of any paymena under the Note,or oure any de}ault thereunder or hereunder.
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<br /> - �`"'=�"°�=� 5. Etcrow.!lpon wrltten demand by Lender,Truetor shall pay to Lender,in wch manner as Lender may deelpnete,euHlcient
<br /> __.�,�; .. -. - ��
<br /> __ � . �' �,.. , sume to eneble Lender to pay as they become due one or more af the lollowing:(1)ell texea,asaessments and other chergee ayefnet
<br /> - the Property,pq the premiums on the property Insuronce required hereunder,and (Ilq the premfums on any mortqeye Insurpnce
<br /> - . .- �:`; �. , requked by Lender.
<br /> 6. M�k�hn�oe�, R�p�k�and Compli�nc�wllh L�w�.Trustor ahall keep Ihe Property In good conditlon end repefr;ahall
<br /> � �.":. � "'`� promptly repelr, or replece eny Improvement whfch may be demayed or deatroyed; ahall not commit or permit eny waste or
<br /> -' � � � deterloratlon ot the Proparty;shell not remove,demollah or subatantlally alter any of the Improvements on the Propery;ehall not
<br /> _- °`.:"�""� " • commit,auHer or permit any ect to be done in or upon the Property in vlolatlon of any law,adinance,or regulaUon;and shall pay end
<br /> ' ' '" promptly discharge et Trustor's cost and expense all Ifens,encumbrencea and charpes levied,Imposed ar aeseesed aqainet ihe
<br /> -"� , .�.. : , � .���� Property or any part thereof.
<br /> - ;��;� -,�,,,,,;;�, 7. �mtmnt Domdn.Lender Is hereby aselgned all compenaetfon,awarde,damepea and other paymenta or relief(hereinettAr —
<br /> - � "Proceede") in conneotion wNh condemnation or other taking ol the Properry ar part thereot, or for cnnveyence In Ileu oi -
<br /> �'.:.'' °` � '' condemnation. Lender ahall be entitled at Ils optlon to commence, appear in and prosecute in its own name any actlon or
<br /> �� � �•. proceedinps,end ehall also be endped to meke any compromiae or setllement In connectfon with auch takin�or damaye.In the
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<br /> :4'" "'" � ereM any porllon ot the Property Is so taken or dameged,Lender shall have tne option,in iis sole and nbaulutb d16Gr8U8n,ta app
<br /> - , I � all auch Proceeds,e(ter deducting therefrom all coats and expenses Incurred by it In connecllo�with such P�aceeda,upon eny
<br /> . . indebtedness secured he�eby and fn auch order as Lender may determine,ar to apply all euch Proceeds,aRer such deductlone,to �
<br /> � � the restoration ol the Properly upon auch condltlona as Lender may determine.Any appllcetion of Proceeds to indebtedneas ahall _
<br /> r '�`. ;, not eztend or poatpone the due dete of any paymenle under the Note,or cure any default thereunder or hereunder.Any unepplled
<br />-t: � , funda ahell be pald to Trustor.
<br /> B. P�Aonnanc�by L�nd�r.Upon the occurrence of an Event of Detault hereunder,or il any ect ia teken or lepal proceadfng
<br /> ��,, eommenced whlch materlally atlects Lender's Intereat In the Property,Lender may in Its own dlacretlon,but wllhout obllgatlon to do
<br /> ;,- , " so,and wlthout not�e to or demand upon Trustor and wlthout releasing Trustor Irom any obllpetfon,do eny act which Truetor has
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<br /> #r^ .�x apreed but falls to do and mey also do any other a;.t it deems necessary to protect the aecurlry hereof.Truator ahall,Immedlately
<br /> .�,` , upon demend therefor by Lender,pay to Lender alI costa and expenaes incurred and eums expended by Lender In connectlon wlth
<br /> •� „ ' - the exerclse by Lender of the foregoing rlghta,together wlth interest thereon at the delault rate p►ovlded in the Note,whlch ahell be
<br /> t � ° addeti to the Indebtedness secured hereby.Lender shall not Incur any Ilablllry becauae of anythfnp It mey do or omit to do .
<br /> ;�� � ,, . hareunder. :
<br /> F , . a 9. Na�rdaw M�qrlab.Trustor shell keep the Property In compllance wfth all appllcable lews,ordlnances and regulatlona ;,
<br /> � relating to industrlel hyglene or environmental protectfon(collectively relerred to hereln as"Envlronmental Lews").Truator ahall
<br /> ` �;YS> keep the Property Iree from all subatences deemed to ba hazardous or toxlc under any Environmentel Lews(collecttvely referred to
<br /> '�r^'°=�' �- h91'8111 88"Hezardous Materlals").Trustor hereby werrants end represents to Lender thet there are no Hazardous Matarlals on or �
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<br /> .. under the Prope►ry,T�uetor hereby ayrees to Indemni(y and hold harmleas Lender,fts df rectors,oHlcers,employees and agente,and
<br /> � �� ° eny succesaors to Lender's Interest,from and agafnst any and all clalma,damages.loases and Ilabllltlea arlsln�In connectlon wlth ``
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<br /> � the preaence,use,dfapoael or transport ot•eny Hazardous Materlals on, under, (rom or about Ihe Property. THE FORE(301NCi �
<br /> ' WARRANTIES AND REPRE3ENTATIONS,AND TRUSTOR'S OBLICiATIONS PURSUANT TO THE FORECiOINCi INOEMNITY,SHALL
<br />`� � � "' SURVIVE RECONVEI'ANCE OF THIS DEED OP TRUST. _
<br /> _ `" ""' •'. 10. Asalpnm�nt ol R�nU.Trustor hereby assfgns to Lender the rents,issues and proflts ol the Properly;provlded that Truator
<br /> ehall,untll the occurrence of an Event ol Defeult hereunder,have the right to collect and retaln such rents,isaues and proflts as they ;
<br /> �;;,; become due end peyable.Upon the occurrence of an Evont of Oelault,Lender may,eithe�in person or by eflent,wlth or wlthout �
<br /> F;��+<:,� brfnging any actlon or proceeding,or by a recelver eppointed by a court and withoul regard to the adequacy of Its securlty enter �
<br /> ' � upon and teke poeaesslon af the Prope�ty.or eny part thereoi,In its own neme or in the name ol the Truatee,and do any acts whfch li ;,
<br /> � . „� deems neceasery or desfrable to preserve the value,marketablllty or rentablllry of the Property,or any part thereof or inteteat thereln, (
<br /> • Increase the Income therofrom or protect the secunty hereof and,wdh or without taking poasessfon of the Property,aue lor or f
<br /> ` otherwlse collecf the rents,issues and protlta thereof.Including those pasl due and unpaid.and apply the seme, less costs and ,
<br /> '� ,�. expensas ot operatlon and cellectlon Including attorneys'lees,upon any indobtedness secured hereby,all In such order as Lendar
<br /> may determine.The entering upon and taking possesslon ot the Property,the collection of s,�ch rents,Isaues and prollta and the
<br /> epplfcatlon lhereof as atoresald,shall not cure or walve any default or notfce of default hereunder or invalldate any act done fn w
<br /> " reeponse to such delault or pursuant to such notice of default and,notwithstanding the continuance�n possess�on of the Property or
<br /> the collection,recelpt and appllcatfon of rents,issuea or prol�ts,and Trustee and Lender shall be entitled to exerc�se every rfght
<br /> + provlded for In any of the Loan Instruments or by law upon occurrence of any Event ol Dela�lt,Inc�uding w�thout limitetion the right
<br /> to exerclae the power of sale.Further,Lender's nghts and remedies under thls paragraph shall be cumulatwe with,and In no way e
<br /> � Ilmltetlon on.Lender's rlghts and remedles under any assignment ol leases and rents recorded agamst the Properly.Lender,Trustee
<br /> end the rec�lver shall be Ileble to aCCOUnt only for those rents actually recerved.
<br /> � � 11.Evant�ot Default.The lollowing shall constitute an Event of Delault under th�s Deed of Trust:
<br /> _a�,....�.....ti.,.,a..o�
<br /> ' -�"----- (a) Feuure to pey eny instaiiment oi pn�c�pai u� mie�nei vi 6fiy JQi�Bi buT ooCuP�,...........� ....,.........
<br /> (b)A breach of or default under any provision contamed In the Nota,th�s Deed of Trust,any ol the Loan Instruments,or any
<br /> other Ifen or encumbrance upon the Property,
<br /> (c)A wrlt of executlon or attachment or any s�m�ler process shall be enlered against Trustor whfch shall become a Ilen on
<br /> the NrOperty or any portfon thereot or fnterest thereln;
<br /> (d)There shall be tited by or against Trustor or liorrower an action under t�ny present or future lederal,stata or other
<br /> � statute,Igw or regulatlon relating to bankruptcy,insolvency or uther relief for debtors;or there shall be appolnted any trustee,
<br /> � • recelver or Ifquidator ol Trustor or Borrower or ot all or any part of the Property,or the rents,Issues or proffts thereol,or 7rustor
<br /> „ or Borrower ahall make any generel assignment fcr the benefit of creddora,
<br /> '' � (e)The aele,transfer,lease,esalgnment,conveyance or turther encumbranca of all or any part ot or any Interest In the
<br /> ' .. Property, elther volunlarily or involuntarlly, without the express wririen consent of Lender; provided that Trustor shall be
<br /> ' permltted to execute a lease ot the Property that does not contain an opt�on to purchase and the term of which does not exceed
<br /> '. one year,
<br /> • • ° . �q Abendonment of the Property;or
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