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<br /> DEED OF TRUST y'' P°�°4 � hr,�, ��'�
<br /> ' 12-31-1997 �� �;� ��(��1� '
<br /> Loen Na 621235 (Canttnued) �� ��.�� ��`�
<br /> :Y,1.�'J.'
<br /> Llens sectt�deposils wllh Lender cash or e sufficlent corporate surety bond or othor secudty satisfactory to Lender. ,-__
<br /> SECIJRITY ACiRE�eMENT;FINANCINQ STATEMENTS. The followlny provlslons relatinp to thls Deed ot Trust es a securlty ayreement nre a part of :•� [_
<br /> lhls Deed of Trust. •
<br /> gecurity ApreemMt. This Instrument shall constitute a security a0reement to the extenl nny of the Property constltules flxtures a other : � �
<br /> persanal propwty,and Lender shnll have all of the rl9hts of e secured party under the Unl(am Commaclal Cade s8 emended hom tlme to ���,_
<br /> ' � dme. yy==.��;
<br /> S�curlty Int�r�at. Upon roquast by l.ondsr,Trustor ehell execute financing statements and take whatever other acllon Is requ�fstsd by Lender
<br /> to pertect ltnd conrinw Lenders seCUrlty Interest in the Renb and Personal Property. In rddition to recordiny lhls Dood of Trust In thn roni . �. �`
<br /> propaiy rocords,L�nd�r may�at eny time and without furthh�r authortutlon from Trusta,AN ucecuted counferparts,Coples ar rsproduc0ons ot •� :d.�.r-
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<br /> thls Deed of Trusl as�Manclnp atatement. Trustor sheil relmburse Lender for all sxp�nsas InCUrrad fn perfecllnp or cantinulnp thb security �� �' .
<br /> Interest. Upon default,Trustor ahtU esssmble the Personal PropeAy In a mar.ner and�t a pitca reasonably convedent to Trustor tnd Lendar A s�=,'�; .
<br /> and mako It avall�ble to Lender wlthin threa(3)days arter recNpt ol wrllt9n demand from Lend�r. •'����`N�z
<br /> Addnsses. The malllny addresses of Trusta(debtor)and Lender (secured parly),fiom wh�h Informatlon concernlny Ihe s�curlty Intorest
<br /> ����:�,�f,x��
<br /> ' .APY"_—
<br /> pranted by thls Deed of Trust may be obtalned(each as requlred by the Uniform Comm�rclal Code),are aa atated on the 8ret pay�ol thls De�d , �,"��M1'���'''
<br /> , •--
<br /> � of Trust. 1'�
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<br /> FURTFIER ASSURANCE8,ATTORMEY-lN-FACT. Th�IWlowinq provlslonf rNatlnp to furth�r atsunncos �nd attorMY-�n-hCt ar�a plrt of Ihq �,�
<br /> Deed of TrusL -
<br /> FurtMr A�wr�nc�s. At�ny tirrN,and hom tirrf�to tlrrN, upon r�quat ol LIIndM,Trutta wNl maka, ex�CUto�nd d�uvar,or wIA clwa to b�
<br /> mtde.�x�cut�d a dNlwrsd,lo L�nd�r or la L�ndH'� da�pnM� �nd wh�n r�quKlW by L�nd�r, c�uso to b�IINd�rocord�d�nMad,a _
<br /> rsncord�d,as th�cas�may be,al such timss and In auah ofNca ond plaws�o Lend�r rr�y dMm aQpropriat�,�ny and all auah morty�pa, _
<br /> daads of trust,�curity d�eds,s�curtty�q�NrrNnts,Nnanclnp btaUments,contlnualion dat�m�nri,Instrum�nb of turlhsr assuranc�,c�rliAcata,
<br /> and oth�r docurrNnts ts mey,In the sol�opidon of L�ndw,b�n�cnwrY or d�strabl�In ada to ettectuat�,cumpl�b,p�rf�ct,continu�,a
<br /> prasevs (�)th�oblp�tions of Trustor undar Iha Noto,lltls Dbed of TruSt,and the Relnled Documents,and (b)lh�IIYns�nd a�cur►ty Intarats
<br /> crwted by thls Dwd ot Trust as flrel 4nd pdor Ibns on Ihe Property,whethar now own�d or rwrwffer aaqulred by Trostor. Un1Yas prohlbltatl by �;r.
<br /> law or apreod to the contrary by Lendar In wdtinp,Trustor shall relmburse Lendar tor all coats and expenses Incurred In conn�ctlon with ths _ —
<br /> matlers relerred to In thls pnragraph. _ -
<br /> Attom�y-In-Foct. If Trustor falls to do eny of the ihinps referred to In tlte precedtny pariyrflph,Lender may do so for and In the name of .—
<br /> Truslor nnd at Trustors expense. For such purposes,Trusta hereby Irrevocabiy appolnts Lender as Trusta's atlorney-In-facf for the purpos�
<br /> of maklny,executinq,delivednp,filinp,recordlnq,and dolny ail other things as may be necessary or desirable,In Lender's sole opinlon,to �-___
<br /> � accomplish the metters referred to In the pre�ediny pflrepraph. •�-��.
<br /> FW,PERFORMANCE. If Trustor pays ali the Indebtedness when due,and otherwlsa portorms ell the oblipallons imposed upon Trustor under thls �� ,�
<br /> Deed of Trust, Lender shall execute and deliver lo Trustee a request tor full roconve�ance and shall execute and delivar to 7rusta sui Ab^� 1 ��:
<br /> stetemenls of terminatlon ot any flnancinp statement on flie eNdenclnp Lender's securi Interest In tha Rents and Ihe Pereonal Property. ' 't
<br /> reconveyence fse requlred by law shali be peld by Trustor,It perMHed by applicable Iaw• . --
<br /> DEFAULT. Each of the(ollowing,at the option of Lender,shall constitute an event of defsult("Event of DelaulY)under thls Deed of Trust: '��_
<br /> .c=
<br /> Defaufl on Indebt�dnea. Fallure of Trustor to marce any paymnni wi�n��dua or ihc lydc4!edne°_G. _=,;,=- �;��
<br /> Def�ult on Other P�ymenta. Failure of Trustor wiihln ihe tlme requlred by this Deed of Trust to meke eny payment for tezas or Insurflnce,or ' ;tl.:.
<br /> any other payment necessary to prevenl filing of or to eHect discharge of eny Ilon. '��' • t�
<br /> Def�ull In Fevor Ot Thlyd Ptrtles. Should Bo«ower nr any Trustor defgult under eny loan,extenslon of credit,security apreemenl,purchase a •
<br /> sales apreement, or eny other agreement, in Favnr of any other Creditor or person that may materially affeCl 8ny oi doRawc��property or .-,g:
<br /> Borrower's or any Trustor's abtlity to repay Ihe Loans or perform thelr respective obli�atlons undOr this Oeed of Trust a any of Ihe Relaied
<br /> Documents. �+�'
<br /> Compll�nCe Default. Fallure of Trustor to comply wlth any other term,obliqatlon,covenant or conditlon Cont8lned in lhls Oeed of Trust,lhe �� . :
<br /> Note w In eny of the Related DoCUments, �f�;; •
<br /> Fd�s St�temeeb. Any wartanty,representaHOn or statement made or furnished to Lender by or on behalf of Trustor under thls Deed ot Trust, ;�s�h , v�
<br /> the Note or the Related Documents is false or misleadirp in eny materiai respect,silher now or ai the time made or lurnlshed. `,.., i�
<br /> Defectivs Coll�terdlietion. Thls Deed of Trust or any of the Related Documents ceases to be In fuli forCe and eHect(Includinp fallure of any ,,,, ,. ._
<br /> '1 collaterai documonts to create a vaild and pedected seourity Interest or Ilen)at any time and lor eny reason. �:��';;
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<br /> In�otvsncy. The dlssoluilon or terminatlon ol Trustor's oxisienCe as a golnfl business,tNe InsolvenCy of Trustor,lhe appdntment of a recelver ;
<br /> for any pert ot Trustor's property, any essignment for the boneHt o�credltors, any type of creditor workout, a the commencement ot any ,�a„�.,,,._ _
<br /> proceedlnp under any bankruptcy or Insolvency Iaws by or epainst Trustor. • . "�.�
<br /> Foreclowro,Fo►teiture,etc. Commencement o(forectosure or fortofture proceedinps,whether by Judklal proceedinq,5�:'f-Fwlp,repossesslan �. � �_
<br /> or any other melhod,by any cre d i tor o f T r u s t o r o r b y an y povemmental ayency apatnst any of the Property. However,thls subsectlon shall not ,
<br /> � apply In the event of a Qood feith dlspute by Trustor as to the valldiry or reasonableness of the clalm wh�h Is the basis ot lhe forec losure a r-
<br /> . forefeiture proceeding,provided Ihal Trustor gfves Lender wriHen nptice of such Clalm and fumishes reserves or a surely bond for the ciaim ,L,r��,`I
<br /> satisfactory to Lender. -- �-' -_—
<br /> � Breech ot Other Aqreement. Any breach by Trustor under Ihe terms of any other apreement belween Trustor and Lender that Is not remedled . •.,�-
<br /> wlthln any grace perlod provided thoreln,Including wlthout Ilmitallon any aqreement Concernlny any Indebtedness or other oblipation of Trustor T�
<br /> to�ender,whether existing now or Iater. �4t.
<br /> d esnosbecom�es�InCcompetenL or revok S o�disputes ihe vel dlty of othllabil�ity under,Bn�y Guarflnty of t e Indebt dn tessn�endOr,at Itsuopt on,
<br />� may, but shall not be requlred to, permlt the Gunrentor'S eslate to assume uncond�tlonally the obligatlpns arising under the guerenty In a
<br />- manner satlsfaCtory to Lender,and,In doing so,cure Ihe Event of Oofault.
<br /> Adverse ChAnpe. A materlal adverse change occurs In Trustor's financial condition, or Lender believes ihe prospeCl ol paymenl or
<br /> performance of ihe Indebtedness�s Impalred.
<br /> Ineecurity. Lender in good faith deems itse�t insecure.
<br /> Ripht to Cure. If such u failure is curable end if Trustor has not been glven a notice of a breach of Ihe same provislon of lhls Deed of Trust
<br /> - withln the preceding lwelve(t2)monihs, II may bo cured(and no Event of Defaull will have occurred)If Trustor, after Lender sends wriHen
<br />" noUCe demanding cure of such failure: (e)cures Ihe fallure within fitteen(16)days;or (b) It the cure requlres more than fifteen(16)days, ,
<br /> immediately Initiates steps suHiclpnt to cure Ihe Ialiure and therearier continues and completes all reasonable and neCessery steps sufflclent to i
<br /> produce compllanCe es soon as reasonably practical. ,
<br /> RIGHTS AND REMEDIES ON DEFAU.T. Upon Ihe occurrence of any Event ot Oefeult and at eny tlme thereaRer,Trusteo or Lender,at Its optlon, i
<br /> may exercl5e any one or more of Ihe following rlghis end remedles.In additlon to any olher rfghts or remedles provided by Inw: ,
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<br /> ��..11. A.IAi�l�n�l O�MrfI��� �(An�wvant of default occurs es por lhe terms of the Note secured hereby,LOnd@t roey
<br /> ncceierauv��u�rv��..o.o..�...............r..._...--•--. _. , ...._...
<br /> declare ell Indobtedness secured by thls Oeed of Trust to be due end payable end lhe same shail ihereupon beCOme due and paynoie w�u����
<br />- any prosentmeM,demned,prolest or nolice of any kMd. ThereuHer,Lender may: ;
<br /> (a) EHher In porson or by agent,with or withou� bringing any actlon or proceed�ng,or by a recelver appo�nted by a courl and without i
<br /> rpgard to the adequacy of its securiry,enter upon and take possesslon of lhe Prope�y,or any pa�1 theroof,in its own name or In the name
<br /> ' af Trustee,and do any acls whiCh d deems necossery or deslreble t0 p�eserve ihe value,mnrketabillty or rentabil�ty of the Prope�ty,or part
<br /> ot the Property or Interest fn the Propady;increase 1he fncome from the Property o�p�otecl the seCUrliy of lhe Propedy;und,wllh or wiihoul �
<br /> taking possession of Ihe Property,suo�or or olhervnse Collect Ihe rents,�ssues and profit5 of the Property,Including lhose past due and �
<br /> - unpuid,nnd epply the same,less cosls and expenses ol operatlon 4nd collectlon,InClud�ng attorneys'fees,to eny indebtedness secured
<br />— by Ihis Deed o�Trust,all In such order as Lender mfly delermina The entering upon nnd taking possesslon of the Property,ihe Co�leCtlon
<br /> ol suCh rents,issues end profits,end Ihe apptiCalion Ihereof shnll not cure or wAlve eny de(aull or nolice ot default under this Deed of Trust
<br />'� or invelidate any pct dona in response to such delauit or pursuent to cuch notiCe of delault;end, notwithstflnd�ng ihe conlinunnca In
<br />� possession ot the PrOperty or the coltoction, recelpl and npplicntlon of rents, Issues or profits,Trustee or Lender shall be entitled to
<br /> exercisa overy hght providod for In Ihe Note or Ihe Related Oocumenis or by Iaw upon the occurrenco ol any event ot default,InCluding the �
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