�.�_�_ ��
<br /> � - n:, _�T�- -�_
<br /> � .. .._. h�=L_.
<br /> .w.i�ii�x�`—"
<br /> ..�_._ .' . . __...�-..'�a'i�+33��+i +•-
<br /> • � �
<br /> • �
<br /> ,'J\ri� �!�� . i'fb �„
<br /> Y� i V
<br /> L. Notwitlutanding any af the lu�guagc coa�ainecl In this l}ced of Trust to the conuwry,tt►e tem�s of t2il9 ceciloa slull -
<br /> curvive s�ny foroclosure or estisfacuoa of thi9 Deed of Trust regudless of any passa8c of titic to Leader or mY _
<br /> dltpasldon by I.ewicr of auy or�II of the Yrapeny.Any clalnu aud�kfeaxs to thc contrary ue hen�y wdvod. E-
<br /> 20.CONDF.l14NATIUN. Grtiuor wiU glve I.rndcr prompt notice af any action, rral or thrextened, by priv�te cu public ��_
<br /> enddes ta purct�se or take any or�Il of the I'ropeny, inctuding any easemcnts�thraugh coradenmation, eminent dom�ln. _-
<br /> or aay Wher me�• G��' ��r a8�s ta notify Leader of any procad'ngs iastitutod for the establishmait of uiy _
<br /> se�rer,water,conservalion, dicch. draiaage, or o�her district reluing to or biading upon the PropersY o*auY P� of ic. _
<br /> Graatar authorizes lxader to intervene in Grantor's nune in aaY of the above described actions or claiins aad to col�ec� �
<br /> and rtceive all suu�resultlqB from the ucdoa or claim.Grantor�ssigns to l.eadef �e� S o� p� �lfbe _-.
<br /> damagey connocted with a condemaat�oa or other taking of aU or any part P�Y• f_,
<br /> wnsidered paymeats Aud will be applied as providal in this Ueed of Trust.'Ihis assirnit�ent of proceeds is subject to the -
<br /> terms of auy Prior security a�rbaaeat. , =
<br /> 21.INSURArL'E.Grantor agrets to m�iotain iasuruue as fbllov�ts: insured a8ainst loss by 6re. .�
<br /> A. Gr,�:or shall keep the im�utiemeats naw existln8 or laeteaRer built on the PropertY.
<br /> ha.�.-ds incIuded withui�t�rm "eztended covtrage" �nd any other hazards, includinB floods or flooditts,far
<br /> w bia,h l.eadet ze4�ir�in�urance.'Ihis insurance sball M maintained in the aunounts aad for the pzriods that L..�^n�rr _
<br /> requims. 'l�e iar�saa�ce c.a�rier pro�i:ang th:. iasuru�:e shall be chosen by Gra�zor se:bject co d�er's a�+�ro�'al,
<br /> ��y�,m,t�►Z ur.�3;.�nably wtith�tld.If Grantor fails to mlintain the������of����
<br /> at II,ender's optioa,c�b�i:a caver�e to qmtect Les�ter's r:ghss ia the Propecn _
<br /> Trust. -
<br /> AU iasuraace policies aad renewals sh�1D be acceptable to I.eacler�sha11 include a st�ndand "mortgage clsuse" --
<br /> �nd. where applicable, "leader loss payee clause." Granwr shall immediately nodfy Leadu of c�acellatton or
<br /> tenninatian of the insnraaca l.ender cha11 have the right to hold the policies aad renewals. If Leader requires,
<br /> Graator shall pmmpdy give w I.auler all receipts of paid premiums aad reaewal nodces.Upon loss�Grantor thall
<br /> give pmmpt notice w the msur�uce catrier aad Lender.Lender may malce proof of loss if not made prnu�ptly bY
<br /> Crantor.
<br /> UNea Y.eader md Gr�awr otherwise 4gta in writtag. iasurAace Pmcads sbsll be ipplied to tesstorstion or«pair
<br /> of tl�o PcapertY dam�ed if tbe re:tondon or rep�r ia eooaomic�lly fasible�nd Laxkr'�security i�aot ka+eaed.
<br /> If the ratorat�oa or ceg�ir it not economically feacibk or Leader'� �ecurlty would be laseGaed�i.If�
<br /> '�roceeda eh�ll be applied to tlu Secured Debt.whdher or not thai due.witt�aay excess paid
<br /> abandow tbe ProptrtY� or do� not �aawa wlthia 30 da►y� x notla from Lafdet that the Insw�uce carrta tus
<br /> offered to setde a clai�n.thea I.eader may oollxt the ins�uaace Prooeod�. L�eader�y use the prooeeds to repstr or
<br /> mtore tbe Pnopercy or w pay the Secured Debt wbether or not thea due. 1be 30�day perlod will be�in wbea the
<br /> mtioe u�ivea.
<br />-_ . . �-�;;�;;.,;.;�e��A�tnr MI1MV/�E�QTOG III WIlt1D�.�uY aPPllcatioa of procoods w priaciptl slull not a�tead or
<br /> post the due d�te of schcdulcd paya�mt�or c�nSe che amoont of the paymeats.ii we i-cvpR.r u��r,:h�;-
<br /> �.eada'�Grw:or's right to auy ivsurmce policica�s�l proceads resultL�g Fiwn dau�Ee to the Propetcy beforo tlu
<br /> acquisition sh�ll pass to Leader to the exuai of the Secural D�bt immediatelY before the accluisition.
<br /> B. Grantor agrees to mainta�n comprehea9ive genenl liability insuraace mmin8l.eader as aa additia�al ins�u�od ia 9a
<br /> anwuat acaPtable W l�ender�insurin8 aSalnst claimv ukin8 from�aY xcideat or oocurreace ia or on tiu Properry.
<br /> C. Graator agtoes to mtint�n reatal loss or bnsiness interiuptioa insuraace,as required by Leader, in aa amouat oqual
<br /> to u lcast co�erage of one yesr's deb¢ service, aad requirod esec��v aecount deposite(if a�ceed to segar�tely in
<br /> �vritiu�?,�t a form of poliey acc�o to Lender•
<br /> 22.h0 F,SCROW FOR TAXFS AND INSiJRANCE.Unless odurwise pmvided ia a separata a�reemeat.Graator w311 not
<br /> be nquired w Fay to l�ender funds for taxes and iasurance in escrow.
<br /> 23.FINANCIAL REPORTS AND ADDTFION�►L DOCiJ11�idTS. Gr�ator wiil provide to Lender upon re4uest, aaY
<br /> fiaaacial statemrnt or infomution L��dcc may deem aocessarY. Graator warrants that a11 fen�ocial statemeato aad
<br /> ' iaformatioa Graator provides to I.eader sre or will be accurate�correct,aad com�lete.Gr�ator agre�s to sign,deliver. and
<br /> fila as L�ler may reasonably request,ay�dditional doeumeacs or eertifleations tha¢l.eacler may eonsider neeescary+to
<br /> perfect.continue,aad preserve Grantor's obligati�ons under this Deod of Trnst aad I,e�dcr's lien status on the Propaty.If
<br /> — Grantor fa91s w do so. LeaCer may sign. deliya. and file such docuumts or certificates in Grantor's name aad Graator
<br /> � henby irce�ocablY aPPoiats I�eader or L,eaCes's a�geat as atWmey in fxt to do the thinga ne�saz}+ w comP1Y with this
<br /> � �
<br /> � 24.JO1NT AND INDIVIDUAL LIABII.ITY;CaS1.GNERS; SUCCESSORS AND ASSIGNS BQUND.All duties under
<br /> i this Deal of Tru,vt ue joint aad individual.If Grantor cigns this Dad o��Pj►Y�o tht S�xu�+ed Debt aad�Grsmwr
<br /> Graowr doa so onIy to mortgage Gra�tnr'c inteneat in the Pro�perty to thls Deed of'IYust
<br /> does not ayree W be p..-rsowilly liable on the Securod Debt.Gr�at�r agcees tl�t Ixsder aad aaY P�Y
<br /> �y�x�d� mod�fy or m�ke;,uy chsnge in the umLV of this Deed of Tnut or tl�e Evidcaac of Debt withant Grmwr's
<br /> - ��, �8 ciwnge will not release Grantor from the tem�a of this Deed of Trust.The duties and beflefits of tlils Deed
<br /> � of Tnut sbaU bind�nd benefit tiu successors a�xl�ssifµ�s af Gr.ator aad I.cadrr.
<br /> � If this Dad of Trust secuns a gusraaty betweea uader�d Grautor aad does not dirxtly secure the obligation which is
<br /> guarantied,Granwr agras to waive any rights tl�zt may prevent Leader from bringiag�ny xtion or cltim agaiast Grmier
<br /> � or aaY P�Y indebtod uader the obligation including,but aot limited to,anti-deficieacy or onaxtion laws.
<br /> 25.AYPi.ICABLE LAW; SEVERABII.ITY; INTERPRETATION. This Deed of Tn�st is governed by the laws of the
<br /> jurlsd;etion in which L,eader is located,except to the eztent otherwise requirod by the laws of the jurisdiction where the
<br /> property is located. This Deed of Tnut is complete aud fully inugrzted. This Dead of Tnut may not be aaxaded a'
<br /> modified by onl agreement. Any seccion ur ctause ia this Deed of 7'nut, attaebmeats,or�ny agre�xat related to the
<br />� Secyred Debt tLai conflicts wici�applicable law wil]noi 6e effeciive, unless thai law expnssly or impliedly pemiits the
<br /> variattons by written aSrameat• If aay seaion or clsuse of this Dced of Trust cannac be enforced a�ccording to iu termc.
<br /> tisat section or clause will be severod �nd wilt not �ffxt the rnforceabiliry of tlse re�naind�ea of this Deed of anut.
<br /> Wheaever use�,the singulu si�all include che plural and the plurlt the singular. 'ihe caprionc�d h�adings of the sectioas
<br /> of this Dad of'�rust are for conveaience ody sad are not to be used to intn rret or define the ter�s of this Doed of Trust.
<br /> 3'ime is of t8e essence ia this Deed of Tnu!.
<br /> / p�p�5 of 6
<br />- �s� ."' �.t
<br /> 07ii9 C�ntrs Syssrru.�+c..St.i.lau0,MM It-f00.391-2341> iam AGlCO�OT•NE 415193 �� �a• � A
<br /> . . , ••.
<br />
|