|
... �
<br /> .�� T .
<br /> , ..yod.r+).. . � , � - � .14�t�t�t. .. .:.
<br /> ,. ii.. � .`.c:k�i.,:.
<br /> t2-23—�996 DEED AF 4RU5T C��j— Page 4 � --
<br /> Loen No 3y1872 (Contlnued) �����5
<br /> � __ __ _ __ . _ _ �. _
<br /> ptOVld�d bolow unles9 TrUStOr O��hpr (a)pays the tox be�oro It becomes delinquent,a (b)contosis the tax es proNded abovo In the Tnxes and
<br /> Llons secuon end deposlts wNh Londor cash or a ouHtclenl corporate curety bond or olher socurlty sallsfactory to Londer. r.
<br /> � BHCURfTY AQRE�EMEPIT;FIMAKCINO STATEMENTS. The Ioilowing proNsions relatinp Io lhb Deed of Trwt oe e security aproement are e parl of , , `
<br /> Ihis Oeed of Trust.
<br /> � 1 8�urity A�fem�nt. This Instrumon!sha�constitute o securlty eproement to Ihe extent eny of the prope�ty constitutes fixtures or other
<br /> Ipersoi�al property,end Lendor shetl have ell of tho riphts of a secured party under Ihe Uni}orm Commerclal Code es emended trom fime to
<br /> I Ilme.
<br /> i Bs�u�fty Inhrut. Upon nquest by l.mdor,Trusta sh��dx�cute 8nancinp alatements nnd tak�whateve�r other ecdon Is requestod by Lender '"
<br /> � lo pwtect antl continue Lender'3 aecurlry Interest In the Rents end Pereonal Property. In addlHOn to recording Ihls Daed oi TNSt in the real
<br /> proper'ry recorda,tender may,at any time end wiihout funher authorimiion from iruslor,n!e oxecuiad counferparfs,aopiea or reproductions�,1
<br /> Ihis Deed of T►u�t Ba a 8nencing stetement. Trusior shel!relmburse Londer for ell expenses Incuoed In peAecAny or continuing thls security
<br /> � Interest. Upon default,7rustor ehall essembie ihe Porsanal Property In a menner and at e place reasonably conveniant to Truslor and Lender
<br /> and make It evall8b�e to lender wlihln three(9)days aHer rece�pt of wdltan demend ham Lender. ,� -
<br /> Addreeses. Tho malling addresses of Trustor(debtor)end lender(seoured party),(rom whlch InformaUon concornlnp the securily Interest
<br /> ' . prented by this Oeed of Trust may be obtalnod(eech as requlred by the Unlform Commerclal Code),are as steted on the flrst pape of thls Deed
<br /> ot Trust. � •
<br /> FURTMER ASSUAANCES;ATTORNEY-IN-FACT. The following provislons relatiny fo IuRher a5surances and attorneyNn-faCt nre e psrt of thls .:���;_
<br /> Deed af Trust. •_._
<br /> •j', `�'o:°:-_
<br /> FurtMr Aswreu�ces. At any time,end hom 8me to time,upon request o}Lender,Trustor witl make,eucecute end deliver,or will cause to ho ,.��„ ..:s:_.
<br /> made,execuled or delivered,to Lender or to Lender'e deulpnse,and when requested by Lender, causs io 6e filed,recorded, refiled,or ,?:==;_-
<br /> �, rerecorded,as the case may be,st such Bmes and in euch of�Ces and placea as Lender may deem epproprtate,any end all auch mortpepes, '�
<br /> . daeds e!trusl,security deeds,security eAreement�,8nancing sintements,continuaUon statements,Inshuments o4 furlher essurance,ceAifkates, '' __
<br /> ;I end other documents as may,in the sole opinlon o(Lender,be necessary or desirabte In order to elfectuate,comptete,paAoct,continue,or � �t��-_
<br /> �" � '�`n`�i:�at�:
<br /> � preserve (a)the oblipailon5 oi Truslor under the Noto,fhls Oead of Trust,and the Related Dxumenls,and (b)the Ilens end sacurity Interesis >'�� ���x.v
<br /> crented by thfs Deed of Trusl as Nrst end pdor lions on the Properly,whather now owned Or hare�nfler acqulrad hy Trusttx. UNess prohlbited by ��:�;.�a.;�� �',,;;
<br /> Inw or agreod to ihe ooMrary by Londor In writing,T�uslor shell r�lmburse Lonrtar for all costs end axpansas Incurred In connoctlon with Iha ";y:-;.���;y/�;',? `� •�.5'::�
<br /> maHers roterrod to In ihi3 parnqraph. �. . ;".-,.',:.�r�' '``''
<br /> , !A [ � < <t Jf ''•::�r:.-
<br /> ; ,. � • nreorney—�r►-fect If Trustor fails to do any af ihe iAlnps raalorred to In the precetlinp psrnflraph,LendEr mAy do ao tor and In the name of I��;; .�,.;•�a��. : �,r;_;`
<br /> Trustor and at Trustor's aYpense. Fw suCh purposes, Trustor heraby Ircovocabty nppolnls Le�der es Trostors attaneyNn-fact tor Ihe purpose l,;:'�;i„;.,,.c; •-
<br /> � ��,���%�+ ot maklr►g,exBCUUng,ddlverinfl, 811ng,reCad{nq,end dNng all other thinys as may bm necassary or desirable,In Landers gole opinion,to �. •:'������y;s
<br /> '�.•i5'. � ,''),��.r;
<br /> ;:.;�..;,:., eccompfish tho mnflers reterrsd to In the precediny par�reph. .�-.. ;.a..•,. _
<br /> .,,,,,.,. ; _r,,:�y��}V�',��_- -
<br /> �. ��' - �•� FUII PERFORMANCE. If Trustor pays WI fhe Indebtsdness whan due,tnd othenvlse performs ull tho oblipatlons Imposed upon Trustor under fhls
<br /> ;.,�;;•. r'•S:
<br /> .;�,.,..;.,._ c .. ,r „ Ueod of Trust, Lender shall exooute and deliwr to 7rustea a ►oquest tor tuil reconveyonce ac�d shall execute and deliver to Trustor sultabte • • •
<br /> y statements of termlruttlon of any flnenciny statement on Hle evidencinp Lendei's security Interos3 in Ihe Renb and the Per�onel Properiy. Any ° � ,;
<br /> .!�� reconveyence tee requlred by iaw shall be pald by Trustor,if parmitted by applicable law. Y�;; .,
<br /> - °_=— a��n�w.T. c6Gi��i ti��o i;�to����y,at ite uNy����t i.o��da�,Si�i��uoi�5ii$jtn ni�eVei�i ui wiaiiii�'r�ifii ui uninUit'j ui�a'ex iiiq�iaed o(�rusl: -r � f-
<br /> 1' Dst�ult on Indebt�dnta. Fallure of Trustor to meke eny payment when due on the Indebtedness, ,,
<br /> t Defliull on OtMr Peymtnt�. Fellure of Trustor�vithln the time rpqulred by Ihls Deed of Trust to make any payment ta texes or InSUrance,a :
<br /> $� eny other payment nece�ary to preven1811np o}or Io eflecl discherpe of eny INn. ,�
<br /> D�tauit In F�vor of Thlyd PxQka. 3hould Borroww or eny Trusta Gfaull und�r tny loan,extonslon of cr�dll,sscurity�pnsr►Nnt,purchau or
<br /> ealos tprNm�nt, or�ny otAa�qrwrrNnt,In �avw of my othu credita a psixon IMt may rtul�rlally Nloet�ny of Barow�r'�prop�rty a
<br /> Barowe►'�a�ny Trustore�blllty to npxy Ihr Lans a porPam fhNr r�p�Cllw obupatlons un�M►thlf DMd of Trinf a any of Ih�RN�Nd i �
<br />_ DoaurrNn2�. '
<br /> ,�,
<br /> " Co�npN�D�t1N�M. Fulun o}Trwta lo compy wfth�ny olhK tKm,obNQ�MOn,Cownlnt w conditlon confain�d In thi�DNd of Tnnl,IM
<br />. Nob a In cny of fh�FlN�t�d DoourtNnb.
<br /> Fal�6tat�m�nts. Any wamnty,npnwnfatlon a�tat�rt�snt m�d�a turnbMd fo Und�r by or on bshdf of Tr�tta und�r ihh DMd ol Trust, �'��----
<br /> .. Iho Not�a th�RWat�d Dxuments I�faiso u mfelNdlnq In�ny matuUl nsp�ot,slther now or wt th�tlme mad�or turnhMd. �"
<br /> r;i---
<br />�,, , • Ds[sCtiv�Collatu�ttatlon. This Deed of Trust a 4ny of the Related DoCUments CeBSe�to be In fuU forco and eNeCt(Inciudlrp t�ilura of Yny �"-�—�
<br />' ' '� collaterat dceuments to Create a valid and perteotod soauriry Interest a Ilen)at any tlme und for nny reason.
<br />�,,, �,.. � Oeath O�IniOtwnCy. 7he death of Trusta or lh9 di5sduti0n or tY►minaUOn of TrostOr'i existinCY as t yWrop busln�,tM Insplwnpy of �:.,
<br />- Trustu,the eppolniment of a reCOiver for eny part of Truslors properly,any a551pnment tw the benefit of creditote,nny type of credltw workout, -
<br />-' a the commencement of any proceedinq undar any bankruptcy or Insdveacy laws by or aQelnst Trustor. —
<br /> • � Forecbsuro,Forhlture,eta Commencement of foreclosure a torielture proceedlnps,whether b udiclal rocasdln salf-het ossesslon �,` --
<br /> a any other method,by eny credltor ot Trustor or by any povernmenlal ayency eqelnst 8ny of the Property p Howaver,�ihb aubsection shall not
<br /> _ eppty In the evant of a pood falth dl,pute by Trustor es to the validity or reasonableness of the cklm whbh Is the ba5is of the foreclosura or "
<br /> - lorefo(ture proceedlnq,provided that Trustar pivas Lender w�ltten noUce of such ctalm�nnd furnlshes reservag or a surety bond for Ihe cNim
<br />�;� sattsfantory to Lender. --
<br /> -:, �� BreaCh of Otit�r Ayreement. Any breech by Trusta under the lerms�}any olhet ayreement behveen Trusta nnd Lenrlier that la not romedied ,���;,:,,,�;;-
<br /> r
<br /> � ;" wlthin any qmce pertod proNded therein,Irscludtnp wlthoN Ilmltetlon eny ayreement coneeming any indebtedness a other oblipntion of Tnnta
<br />_-- to Londer,whether exFsUny now or iater. ��`[.
<br />- •• Events AffeCtin�Guar�r►tor. Any ot the precedinp evenb occurs wllh respect to any Guarantor of eny of the Indebtadness or any(3wrnntor '. ���
<br />- dles pr becomee Incompetent,or revokss or disputes the valldiry of,w Ifabfiiry under,�ny Ouaranry of the Indebtedness. Lender,at Its opHon, ; ;;�;�r>•�;��;.
<br />_ may,but ahall not be requlred to,permtt the tivarentors sslate to assume unconditlonaliy tho obllpaNOns arbinp unCier the puaranty in o .`•1�°.�•;� :�� •:.
<br /> ':,' manner saflsfaCtory to Lender,and,In dolny so,cure tho Event of DeffluiL - - �:_-z� -
<br /> ,��.
<br /> Adverse ChanQe. A materlal adverse Chsnge occura In Trustors flnanclal Condillon, or Lender belleves lhe prospgct of payment or ��'��'�:�
<br /> � performance of the Indebtodness Is Impalred. � �� ' "
<br /> � Inaecurily. Lender In qood lalih deems itselt InseCUre. •- +. y �
<br /> Ripht to Curo. [t 9uch 9 fnllure IS curable and it Trustar has not been givon a noffce of a breaCh ot the seme proNsion of thls Deed oi Trust ��
<br />_ , � within Ihe preceding iweive(12)months,It may be cured(and no Evont of Detault wilt hevo ocCUrred)If TruStor,etter Lender 6ends wrllten �
<br /> notice demandinp cure oF auch failure: (a)cures the ta9ure withln 8tteen(16)days;or (b) If the cure requkss more than titteen(1b)days, •••
<br /> - ImmedlntNy Initiefes ateps sutt►cient to Cure lhe failure end thereaRer continues nnd Completes all reasanabb and necessary�teps sutflclent to
<br /> _ ' produce compllance as aoon aa reasonably pracUCal. „
<br /> � RIGHTS AND RHAAEDI[S ON DEFAU.T. Upon the ocCUrrence of flny Event of Default and at any 8me thereafler,Trustee or Lender,tt Itn oplion,
<br /> - _ _ � _ mav exerclse nnv one or more of the toilowlna dohla and rsmaNcs_In odd;unn ta anv nttwr a�tira�,..n�u��,.,�n,e.�ti„e,.,. -- -- - --- - - - -
<br /> _ - -- _
<br /> � Accetereilon upon Detault;Additlonei Remsdles. If any evant ot default occurs as per Ihe 48rms ot�he Noto secured horeby,Lender may �
<br /> . dectare all lndebtedness secured by lhis Deod of Trust to be due and payable and the same shan iheroupon bocome due and payable wlthout
<br />-_ any presentment,domand,protest or notice of eny klnd. ThoreaRer,Lender may:
<br />__ � (n) Eflher In porson or by agent,wlth or wifhout bdnging any actlon or proc�gding,or by e recefver appolnted by e caurt end without '
<br />- regard io the edequacy of Its security,enter upon nnd tnko possosslon ol tho PropeAy,or any part thereof,in Ils own name or In the neme
<br /> . of Trusteo,and do any acts whlch It deems neCessary or deslrablo lo preserva the vatuo,marketabiilly or rontabllity of tho Property,or part
<br /> of Ihe Property or Interest In the Property;InCreese the Income hom tho Properly or proloct the seCUrlty of the PropoAy;end,with or without
<br /> _ Iaking possesslon ot the Properry,suo lor or olherwiso co�ect the rents,Issuos end profits ol Ihe Prope�7y,Inciuding those pest due and
<br /> unpald,end eppiy the same,less costs and expenses at oporatlon and colicicflon,Including neomeys'fses,to any Indebtedness secured �
<br /> by fhis Doed of Trust,nll In such order ps Lendor mey dslermine. Tho enteriny upon end taking possasslon ot the Property,the Colloctlon �
<br /> _ of suCh renta,Issues nnd profits,and tho flppACatfon Iheroof shall not Cure a walv0 any default Or notice of defpuit under this Deod of Trust
<br /> 7 or Invnlidate eny act done In response to 3uCh dolault or pursuant to such not�e of defaWl; and, nohvlthstanding thu continuance In �
<br /> possesslon of the Properry or the colbction,recelpl end appilCatlon of rents,Issues or proAb,,Trystge Or Lendor ahall be entitted to '
<br /> I
<br />
|