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<br /> a�.. 11(�c9AS —=�:�,;�o;:;
<br /> In tho orlpinnl p�lncip�l am�unl of $ 62,037.00 ., nnd any urd all modlticetlons, extenslons and rene�vals
<br /> thorool or Ihoroto and any or,�nll futuro c�tivan�oa cnd rondvnncoa to Borrotvor(or nny ot thom H moro thnn ono)horoundar pursuant
<br /> to ono ar moro promlesory nateB or credlt aflroomante(hereln cal'ed"Nato");(b)Iho paymont o1 othor sums acivanced by Lendnr to
<br /> protect lhe secutity of the Note;(0)the performanca ot all covenants and agreemente ol7ncstor set torth hereln;and(d)sll present and
<br /> (uturo Indebtednees Rnd obllpatlone oi Borrowar(or any o1 ihem N more Ihe�n one)to Lsnder whother direct,Indlrect,absolute or GoMln-
<br /> gent end whether arlsinp by note,puaranty,overdraft or otherwise.Yhe Note,thts Daod o}7rust And any and ail other documente that .
<br /> � secure the Note or otherwlse executod in connoctlon therewith,Including without Ilmitatlon guarantees, &ecuriry agreements and , .
<br /> • � [�.,�tpnm�nt�ollences and renta,ehatl bo reforrad to herein ae the'Lpan In�trumenta".
<br /> Trustor covenante and agrees wlth Lender as followa:
<br /> 4, p���n��t��,r��r�d�ysa.All indebtedness secured heretry shal!be pald when due.
<br /> ,� 2. TItN.Trustor Is the owner o1 thfl Property,has the right end authority to canvey the Property,and warrants ihat tha Il�n creat-
<br /> '"'����� endeebetoge executi n�of thle Deedhof Trust an�d t e exec t on a d detivery ot this9Deed of Tru t daes not violate anydcontrect or
<br /> � �� other obtigatlon to which Trustor is subJect.
<br /> 3.Taxo4� Aoaaaamants.To pay bstore delinquoncy all texes, epeclal aasessmonts and all other charges sgainst the Property ,
<br /> now or horeafter levled. ,���;'
<br /> 4.Insurencs.To keep the Property Insured aflainst damago by fire, hezards Included within the tertn"extended coverage',and .�'-,`'`
<br /> such hezards as Lender may roqulre, In amounts and with companfea accaptable to Lender,naming Lender as an additbnal named
<br /> Insured,wtth losa payable to the Lender. In case o}loss under such policies,ti�e Lender ia authorized to adJust,coliect and compro- ;_
<br /> mise,all ctaims therounder and shail have the option ot epptying ail or part of the Insurance proceeds(I)to any Indebtedness secured �. .
<br /> ' hereby ar�d In such order as Lender may determine,(II)to the Trustor to be used tor the repair or restoratfon of the Property or(III)tor ,�j.u,�=
<br /> eny other purpose or obJect satisfactory to Lender without affecting the Ilen o4 thle Deed of Trust for the tuil amount secured hereby .,;�'._�
<br /> . betore such payment ever took place.Any applications ot pro�eeds to indebtedness shaU not extend or po�tpone the due date of Rny ;�,.._
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<br /> paymenta under the Note,or cure any defautt thereunder or hereunder. ••.,�=:':.::
<br /> 6.Eecrow.Upan wdtten demand by Londer,Trustee shall pay to Lender,In such manner as Lender may designate,sutflclent ,��,,;_.
<br /> sums to enable Lsnder ta pay aa they become due one or more of the foilowing:(I)all texes,assessmonts and other charges ageinst .`
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<br /> the Property,(fi)the premluma on the property insurance required hereunder,(lii)the premiums on any mortgage Insurance roqulred by T
<br /> Lender. ,.,,-��r�_z
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<br /> 8. Maintemnce, Repaln and ComPllince with Lews.Trustor shail keep the Property in good condlUon and repalr; ehall ,`_
<br /> ;• promptty repalr,or replace sny improvement whlch may be dameped or dostrayed;shall not commit or permit any waste or deteriora- ;, •_
<br /> Y Uon of the Property;sha l l not remove,demolish or substantlall y alter any of the improvements on the Propertyr;shall not commit,suffer _:__
<br /> or pertnit any act to be dune in or upon the Praperly in violation of any law,ordinance,or reguletion;and shall pay and pramptly dis- ���==
<br /> `�'•� charge at Trustor's cost and expense all Ilens,encumbrances and charges levted, imposed or accessed against the Propeitll or any �,°.,
<br /> part thereof. �;`•--
<br />;��� 7.Eminent uomain.Lendnr in i�aivuy ao�l�n��!!ccmp°ss�sL�n. awen±a,�is,mR�es and other payments or reUef(hereinafter ",
<br /> "Proceeds")in connection with condemnatlon or other taking of the Property or part thereof,or tor conveyance In Ileu of condemnatlon. �_,
<br />-f � Lender shail Oa enHtled at(ts optton to commence,appear in and prosecute In its own name any action or proceedings.and shail elso 4V
<br />-'; ba entitied to mAke any compromise or settlament in connsctlon with such teking or damage.In the event any portlon of the Property is —
<br /> so taken or damaged, Lender ohell have the optibn in its sole and absolute disCretion, to apply all such proceeda, aftor deducting _
<br />_„�� ,. . tharetrom sil costs and expenses incurred by it in connection wtth such Procesds,upan any Indobtedness secured hereby and in such _
<br /> r_1 order as Lendor may determ►ne,or to appty all such Proceads,after such deducUons,to Yhs restoration of the Property upon such con-
<br /> -__ • •�•- d(Uons as Lender may determine.Any appiicE►Uon of Proceeds to indebtedness chalt not extend or post�wne the due date ot any pay-
<br /> -• �--^� ments under the Note,or cure any detautt thereunder or hereunder.Any unapplied funds shall be pald to Trustor.
<br /> --.,`�,� �•,�: g,ptrformsnc� by Lender.Upon the occurrence of an Event of Default hereunder,or If any act lo taken or legal proceeding __
<br />- ' ' ' � commenc�d which materially aftects Lender's interest In the Property,Lender may in Its own discretion,but without obl[gation to do 60, -
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<br /> �;; , . and withaut notice to or demand upon Trustor and without releasing Trustor from any obligation,do any act which Tn�stor hes agreed _
<br />_•;�n.k:�; r: ef�? • but failed to do and may also do any other act it doems necossary to protect the security hereof.Trustor shall,Imrnedlatoly upon
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<br /> =r.-_-••,__- ;.�;;: , demand therefor by l.ender,pay to Lender all costs and expenses Incurred and sums oxpended by Lender in connectbn with t exer- ___
<br /> �';•' ��� 'f°�� ' cise by Lender ot the faregoing rights,together wlth interest thereon at tha default rate providod(n the Note,which sh�ll be added to
<br />_��,'%'�i� ' tho Indebt9dness secured hereby.Lende►shall not Incur any Ilablllty because of enything it may do or omit to do hereunder. �
<br /> --:=�:R:.�� g, HWinbus Metsrl�is.Trustor ahall keep the Property in compliance wlth all epplicable laws,ordinancea and regutations
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<br /> -�:.�r.�,.� reiat(ng to Industrial hyglene or environmentat protectlon(collect(vely referrad to heroln es`Environmental Laws").Trustor shell keep --
<br /> ���.•�.�� the Property free from ell substances deemed to be hazardous or toxlo under any Environmental l.aws(collecUvely reterted to herein
<br /> -I-���,^`:`:;" as"Hazardous Meterfais;.Trustor hereby warrants and ropresents to Lender that there ere no Hazarcious N9ateriats on or under the =
<br /> ry°��;�'��;i;��4 � Property.Trustor hereby agrees to Indsmnify and hold harmlosa Lender,its dfreclore,officers,employees and�gente,and any succes• --
<br /> "`�'a'°n'�'�>>`�'' sora to Lender's Interest,from and against any and all claims,damages.losses and IIabIllties adsing In connectlon with the presence, _
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<br /> J =�•�;����..•�. use,disposal or transport of any Hezardous Matedais on,under,from or about the Property.THE FOREGOINCi WARRANTIES A
<br /> `-��`� ;";'� REPRESENTATIONS,ANO TRU3TOH'S OBLIOATIONS PURSUANT TO THE FOREGOIN(3 INOEMNITY, 3HALL SURVIVE �y:;;__—_
<br /> _.�t �� ' R E C O N V F:1 f A N C E O F T H I S D E E D O F TRUST. --
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<br /> �`'"°°"""'�� 10.A�sl�nment�o!Rente.7rustor hereby asslgna to l.endar,and granta Lender a security interest in,ail present, future an d �_
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<br /> ';�'!"";;�'' after adsi��p rent�,issuos and protlts of the Property;provided that Trustor shali,until Ne oa:urrance of an Event ot Osiault,hereunder, �. _._
<br /> �• - have the dght to collect and retain such rents,issues and proflte as they becorne due and payable.Upon tfie occuRence of an Event of �..
<br /> � �� ��.:; Qefauit, Lender may, elther In pe�son or by egent,with or without bdnging n�y actton or procoeding,or by a rocflive�appointod by a ��z__
<br /> ' � �'` court end wlthout regard to tfie adequacy of(ts securlty,enter upon and teke possesslon of the Proporty,or any part thereof,in tts own �
<br /> name or In the name of the Tn,stee,and do any acts whlch It deems necessary or deslreblo to presorve the value. marketability or —.
<br /> , rentabiilty of the Properly,or any part thereof or interest therein,or to Incroase the income lhsrefrom or protect the socuriry hereof and, ___
<br /> wlth or without taktng possossion of the Property,sue for or otherwiso coliect the renta, lssues And protits thereof,Including those past ;�_•:6"
<br /> due and unpaid,by noti(ying tenants to make payments to Lender.Len�er may apply renta,fssues and profits,less coats and expens• �;� .:�-
<br /> es ot opereUon aRd collecUon including attomey's fees,to any Indebtednesa secured hereby,all in such order as Lender may deter- ,�,_-�;_
<br /> mine.The entoring upon end taking possession ot the Properry, the collection of such rents,Issuea and profits,and lhe applicaiion �•�:'�-
<br /> thereof as atoresaid shall not cure or waive any default or notice of default hereunder or Invaildate any act done In responue to such ����;:;4�•
<br /> � _,�.,s'_ detault or pursuant to such notice of detault and, notwlthstending the cantinuance In pos�easion ot the property or the collection, :.--
<br /> - - __a.�u�.� ...uu��..e,.e..doo o..un�dnh�nmvltfntf tnr In anv o1 th0 'I�'-,
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<br /> recolpt and appllcauon ot rents.IS.SU@S Of�7fUli[8� �fU51tJf7 tlt�U LmtYV�o��m�w v�u.••w•........•...-- ---•� ••o••-r•-- -- ..
<br /> �� _t>. . Loan Inctruments or by law upon occurrence of any Event of Defautt,Including without timitatton the right to exercise the power oi sale. .
<br /> Furthor,Lendete righto and romedfes under thfs paragreph shall be cumulative�vitti,and In no way a IfmiteSion on,Lenders righte end
<br /> rem�dles ursder any asslgnment of Ieases and rents recorded agalnst the Rroperty.Lender,Trustoo and the recelver shall be Ilable to
<br /> accaunt only tor those rents actually rscefved.
<br /> — 11.HvenU ot Defsalt.The following shall consUtute an Event ot Dotauit under th(s Deed of Trush
<br /> (a)Fellure to pay any insteliment of principal or Interest of any other sum secured hereby when duo;
<br /> (b)A broech of or defauit under any provlsion contelnod In the Note,this Deed of Trust,any of the Loan Instmmenis,or any r
<br /> other Ilen or oncumbrance upon the Property;
<br /> (c)A wdt of execution or attachm����t or any similar process shall be entersd againat Trustor which shell becomo A Ifen on
<br />— tho Proporty or any portion thereof or interest therein;
<br /> (d)There shall be tiled by or agafnst Trustor or Borrower an ection under any present or tuturo i�deral,state or other statute,
<br /> Iaw or re�ulatton releting to bankruptcyr,insoive�cy or other mllof fcr d�btors;or there shal!he appolnted any trustee,recelver ar
<br /> � Itquldator of Trustor or Borrower or of al�or any part o}the Property,or the rents. Issues or proflta themof,ar Trustor or Bonower
<br /> ' , shall make any general assignment for the benetit of creditora;
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