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<br /> -- — 13 1@�Offi'S Rti3lIT TO CO?d3'I�ICE Oii D�tO LEt�AL ACTIONS.t3tamor shaU irtrrediatery pm�tda Lendst wRA writmn notfee of any acwa!or ' .� ,3'�_. _ -.,'
<br /> . ` �' thmatsn¢d seUoa.suit.ar oiher prooeee�ng efteedng the Propenl►. (�ranter here6Y aADotms tendsr as rts attnmsy-irt-taet to canr+�rtos,krtrtervane In.end < ,. . - ... �:;
<br /> � � �J datend sudi eedons.m�its.or other Iegal Proc�e and to ao�romfse ar seNa any daGn or�U9 tharato. Lender shali not ha lia�e to ` . ,
<br /> ' � ��ha s�►�vm�prevem!e��mt�dng�ans t��fn�1�s�P��(n(ta ovm nart�. °T�!I�Se¢��"9 thoretrom t�tcthfng � �;�.^'.-
<br /> `° 14.QiDB�iIFICATIC[d. landsr sba0 noi asswru or ba ms�onsibte tor the peAarman�e ot erry ot Grantots ob6gations wrihrespe to ths Properry w�r� • �w' �4 -
<br /> . , a r ry dteurtstanaea C�ranDOr sta0 trt�a¢oA►Prmrtde Lender wRh wdttan notice ot and tndarmtry�d hatd lender and tts sAareh �fl-'de+�.�reetors.officers. a : ,. �r:;, .,:.
<br /> n �
<br /> l � e r r�l o y e e s a n d a g a�t s h a.m 0 e s s f rom a U d a t rt n.d a m a S e s.O a��e s+M d u�n g a[m m e y s't e e s m►d t e g a l e a p e n s e s�eausas ot aaian.aeatons.wuts and �: ;. ,. �
<br /> ` other( prowedinSs(wrulativaN'Gaims'!Pe��ng to t h e P r o p e r ry M�i nB.t w t n a t l i m i t e d t�.m a s a i rn o t v t n H e r a r�u s M a t e r i a l s). C i t a n t a r.u p on ., _•..- ,V
<br /> � ' . �.t' ttce reqttsst ot LEr'�der.sha0 Nre te�i eounsel to defend Lendgt(mm suG�Clat�.and PaY ihe�tomays'tees,t a g�e�e nseat�ora� Ciranto s � �,° < .,:°�
<br /> de ay
<br />" ' o o�e c t i a n fi e c e w i t h h. I n�e a t t�e r r�i v e.L e n d e r�bE►s��e t�srt�ation,rete�ase a�tatado�sure ot�0a d of T�nut. . °, - `-
<br /> .. ce a ��
<br /> . . '. o�iga�ton to tn�rmity�end�r�mderihis para�aph . . � . ; .
<br />_ ` tS►TAXES AND Q8SESS�iTS.(�anta shaUpay aB taxes and assessmerrts retatfig to Property when due and irtrr�ately provids Lender evidersce � ,. . , �,,t`,
<br /> <--�
<br /> - = --- a}paym�tR af smne. U p o n 1 1►s r e Q u e s t a t L e n�r,t�r a�r s h a II�p e s i t v A t h L e n d e r e a d►rt n r rt h o n s-t�e r e l f l h(1/1 o f t h a estlmated annual insuranoe � __.
<br /> prerti taxes and essessrne�Qs Psrraining to ttw Propecry. So Iong as 4�ere fs no�fauh.these artourrts a h a U�app6ed to thepayrr�em of taxas.
<br /> . . assessmerMs an d ins�uar�w a s r e q u U e d o n t h e P m p e r ry. I n t h e e v e rn a t�T a u t l.L e rtder strall tfave ihe rf�t,at ks so�s optiort.to apply the hmds so hetd tn , �
<br /> - �. . v a y e n r t a x e s o r a g a l n s t t►,e obit g a a ons. Any►tunds apWod rtaY.m lenaera optlon.6e ap�ied m reve�se oraer ot tne m,a data thereot ,..s �..'.'•"
<br /> .. , t6�INSPEC7i0.i OF PRQFERfY.BdOKS,RES:ORD9 AND R�OAI'9.Cfrarrtcr sAall aQow Lend�r or its ag�s to exertdna and s�e�ihe Property • �";;.�s
<br /> ' dr
<br /> . • �d exarttrte.U�spset and rr�a[w caPtes oi Cirantofs baaka snd recotda AenaiNrt9 to the Frape►t5►from Ucre to ttrre. Qrartor shaD Pra�vtde arry assist�oe ,,Y_�,'
<br /> ', re+pilred by Lertdsr for thass qupases- AU of tlie d�s and Udomatfnn oortaUted tn�antots bc�CS end records shaU be ganuine.true.aoeurate�►d ��,r.'�.:
<br /> oonple0a(n a0 respeCts. QtatUUr sheU note 9�e e CB af Lende�s 6eneA�1 bRetest In its 600lq and reoorQs pertaWng fi ihe Pmperty.AdQittotialty. ,•� J -- �--
<br /> c�artata ftnandal�xitidition orthe Pmpertp. ?he
<br /> C3rantor shafl repart.in a tartn saffsfactory to Len�r.wch infommIon as Lender maysreq�cest re�n9.
<br /> � tniamiation stiall�tar such pedads.sha0 reftap Grmmofe reaorEs al such dms,and haU ha wnderad wRh such fiequsncy as Lender may desi�e• AO �.Y._.
<br /> � infamaNnn fum(shed bf►Clanturto Lender shaU 6e trua.acauatB end oor��tete tn aU resPects.and signe6 by Gtarttor it Lender requests. rs�_, •
<br /> . ��� — _.._.�
<br /> � � 17.ESTOPPaC6ii(RCATE9.YUithin ten(10)days after anll re�est 6Y Lender.Grantor shaU deGver m Lender.or arry h�tendad Vansfecee of Lenders . ---
<br /> • d�dds with respect to S�e ObQgaGons.a st�ed ar[d admawiedged statemam spedtytn8(a)tAe outstanding I�tance on the Obllgaticns:and(b)whe8ier -� '
<br /> G�rto�possesses arry c f a l m s,d e t e n s e s,s e t-0 ft s nr counterrdaims witA r e s p e c l to the ChUgati�ns and.H so.tha nauue of sud�dafms.detenses.set-oNs or y�:; ._. .-
<br /> . ca�dalms.QraMor wU16s condusive�y 6aun4 by any represent�lon that Lsnder may malaa to the trimnded transieree r�th respeet to these rt�aIIers(n .
<br /> . 8sseventihat t�arrtor taRs ro provfd9 the requested sTatemerrt in sUrtely marmer. ._ -
<br /> `,:..<. � .•� . ,�,,.,,�;--:----
<br /> . . _ . ,- `ry 1�OBrAilLT.C�ntor�tat be in defa�dt wder ihis Deed of Trus!and the Tiustea's power shaD 6eearro operattve in the evem that Cirantor.Bcrtaarer or -:,::�_
<br /> {- arrygimrartWrotthe0btlga6ons: .,.-�;
<br /> _ (a)TaRsmpay am►Odt�tton to Lenderwhen�e: --"�: .:'°
<br /> _ ; • (b) (ails to per(orm any ObQgation o►bceadies a�►y warten►Y or oavenam to Lender oorttalned in thls Desd of Trust ar erry other presertt or t�mua ,a,�y-
<br /> ' a�eema� �� :: _
<br /> 7 .. . (�)destroYs.�ases ar darra�s the Property In arry mazeriai respect ar subjeas the ProQeny to seinue.w►rflsca5cn.oroondermatlan: �� -__
<br />-- (�sesksto rewfa�.temd�rata ar otheiwise QrtiE Rs Ilabti'Ay under erry giiarantY to Lender, �'':� .�_
<br /> , (e) �es,beaomas tegaUy ineorr�atem.is mssoNed or mmirt�ad.be�ames(nsoNertt.rtalms an assi�unartl��m dn in whtch t3rantor.Bor�er :!"��: —'r�°-''F-
<br /> ° debts as ihey 6eoorre dua.files a peti�on undsrthe tederal banlQU�otcy la►vs.has an IrnolurtkvY P� -
<br /> `: or arry�r is narried or has pm�rry�n under arry writ or prooess of eour� • � ;_----
<br /> ��y- � (� aQOiers�oods m be used.L�ansported ar steeed on tna Propertlt.the possassion,trar►�oortatlon,or use oi which.is f�egal; . `
<br /> . , �g�eQowsenyaartyotherthanC3rarrtorarBorrowertoassurt�orundertafwarry0611gattonwithaatfhevrtfttenoonsemotlander„flr _ { ,
<br /> - . .--=.;_,� (t�) eauses Lender ta dsem pse1f insaeura due to a stgniHcant d e d i ne i n t he v a lue o i t he Pm p e r t y:o r ff L e r t c�r,i n g o o d f a f t t�.(o r a n Y w a s o n.b e tl s�+e s _ -
<br /> _.�. ..` 9�at the pmspaA ot paymerrt or Pertom�nce is irt�afted .
<br /> ��� 19�Rtp}ITS pF�.S�fOEH ON OffAULT. It ihere is a de1wR under thts Deed of Tnrst,Lender shaU bs erttfUad to exercise one or rtnre o1 the fo�oviing .:�,_�
<br /> `'.� ca�dteswtlhout notloe or derrtand(exeeA�as�e4�Ired by Iaw�: `.`•�`�
<br /> ;i�,d�'1r.
<br />.'��1• � ' ! (a)to deda�e the OhLgaUons ir�enediately�e and payable in iv0: ' `:_-�_
<br />::.�; � :;� (b)to aolieet the aitstar.6fng Obiigatlons wilh or wittiout resoRingto p�eial proaess: . , ::
<br /> - (e) to requtre(iranmr to deliver and rteke availabie to Lender arry personal properry or Ctratmis oonstftWng the Praperry ai a ptace reasonabry •' ,-r:i:�-�,.
<br /> cornententtoQrantorandl�nder: �i"�r—
<br /> ^'"�'-
<br /> . �. (� to ertter upon end take possesston of the Propert/without apptying tor or obtafiing the appoinur�errt of a raoehrer and et Lendefs option,to ., .-,.- .
<br /> � . eppohzt a reoeNer wNhaut hond,withoul flrst bdnging suit on the Obligal(ons and wftlioul otharwise meeting erry stffiutory eondNons regardng .. . =::."'°
<br /> � !� reoehrers.fl 6eing ir�tended that Lender sha0 have this cantractual�lghtto appoirA a re�iver: . ,'',�="`
<br /> .. � . '; (ej m employ a rtanagin8 egem ot ffie P�aperty and tet the sama.either in TnisteB s ovm name.in the narr�ot Lsnder or in thB nazre of Cirantor.and . ��
<br />:'; �. ,� � . . reeehra�e rems.inoomes.issues and profits of ttie Ptoperty and appty the�.after Raymem of all neoessary charges and e�enses�on accaurtt o! �r-
<br /> . the Obligations; �;.L�.- .
<br /> �.. ;�di�!`._
<br /> , (�to pay arry sums in arry torm or manner�erred expedterd by LenQ9r to pratect 9ia sewrltyr of thts Oeed o}Trusl or to wce arry dstauit oNre�€'� ...�._
<br /> - . • � paymertt ot Urteresl ar prindpal on the Obllgazians: - --
<br /> •.�,;.. . ` (g)to bredose this Oeed ot Trust ju�daly or nonN�cially and to dtred tha sale of the property ihrou�axerdsa of the pawer of saie as reterencad fi • ,
<br /> : para�aph 20 hereot in soocardance with a�licat�e taw; .. .
<br /> �`-�r`• • (b)to set-0ft(irantors Obligations agalnst arry emouma oH►ed Grantor by lender indudtng,but not WNted to.montes,tnsuumenta,and deposN .
<br /> '���, aeoourtis maintaUiadwitfi LenQeror arry currerrtly exist(ng or tuture atfiliate ot Len�r,and • • , _
<br /> . • ., (�to e�cerdse ell other ri�ts avaitablo to Len�er wder arry oU►erwrittan agreert�rn or applicabte law. , ,
<br /> - Lende/s d�ta are curt4AaUve and may be ex°:`�.�d togeiher,separatety,end in arry order. In 1he everrt that Lender InsUMes an acUon se�ti�1he . : •:
<br /> .. - : reayvery ai anyr of the Property by way of a preju�m rertedy in an aetion aga(nst Cirarrtor.C�rantor waives the posUng of arry 6ond whteh��ht • �'��'_�
<br /> - erieruylso be required. Lender or tandafa desi�ee rrmy tfie Praperty at sale. Proaeeds ot arry Trustee s sale hereundor shaH ba applied .
<br /> 'est,to ihe costa�d e�ensea of e�cerdslng thepower sate�d of the sate,inG�g U►a paymam of�ha Tn,stea's fees a�h:aJy tnwrted and not to ,
<br /> � - . e�,�ed the arrpur�t yd�teh rrey ba provldad far In this Deed o!Tr�,seeond to payrterA of the Oblig�lans securod hereby.third to the paymierA ot juNo► . •-
<br /> • trust deads,rtnrt g or other Ilenhotdera,and the balance,tt arry,to lhe person orpersons Iegally erttit(ed 4�ereto. TheptopeAy or arry paA thereot may
<br /> 6a sotd in one pa�I or in sueh paroels.rtannar or order as Lender In its scle msaetian may elecl,and ane or more exerdses ot the pawer hetein grannted � .
<br /> i shaU nat exdngulsh or e�aust the povrer unless ths emire pmpariy is sotd or ihe obligations are pald in tW. •
<br /> , `` ' � s�a1e he ein�rea n���Qha7�m�Trustee in�the manner�then reil�land�e�eets to seD flrantofa irrtereslln the Property by exercisa of the pov�er ot .
<br /> . • �,'. .
<br /> •� • Upon reoelpt of such noUoe o}LenQer and at the mreetion of Lender,Trustee shall cause to bo reoorded,published and Qelivered sueh noUees of dotault �
<br /> • and notioes oi eafe as may then 6o cequired by IaH and by thls Oeed of 7rus1. Trustee shall,only af thn mreetlon ot Lende�and without demand on Grantor, •
<br /> altar such tirr�a es rr�ay then 6e re�p ired by law and aiter reoordatlon of such noUce ot defaufl and aftor noUce of sale hav(ng been given as requlred by taw, ..
<br /> " � sep 1he Propetry at the Ume and plaee ot sale fixed by it in such notloa o1 aele,etthor as v�hote or in separate Iots or paroels or Roms as Lander shaU�em •
<br /> e�e�otA,en�In suth ordor as it may d�temilne,at pubtio aucUon lo the hl�est biddar}or cash in IavAul monoy ot 1ho Unhed Stataspa e�1he Urr�o} •
<br /> ' sato,or as otherwlse rr�y then be re�ired by law. Truste0 shall deltver to surfi purohasor or purehasers thereof ita good end suffi er�deed or Eeeds , •
<br />�,�'' � � eomreying ihe proparty so sotd,bN withoN any oovenartt a viarranty,e�ress ar 1�11ed. The reGtats in such deed o1 arry matters or fatts shali be ,
<br /> ��•. eondusiva praol 01 the tMhtuiness thereo}. Myperson.Inciuding,without Ilrtitation,tiraMOr.TrusteB or Lendor,may purchase s1 such sale. Trustee may
<br /> � • in0�e mannor pm�lded by taw postpone sate ol all or any poNan of the PropeRy. �
<br /> � 21.REnUE9T FOR NO?ICES:Orarrtor re�ussts that a eapy ot arry notlee ot defaull snd a eopy of any nallee of sale hereunder 6a rre3ted to sach potson �
<br /> who Is a paAy herato at tho admress o}such person set fortfi haroln at ihe sarr�time and In tho sart�manner raqutred ats thaugfi a separate ra�uost thereol .
<br /> . ` � � had baen filod by oaeh such porson. ,
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