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<br /> . . Loan N�623�67 (Cor�fnue� ..; _ v
<br /> -- ---� -- PgY�an tfle Ind2btedne3s sscured bY tl�is rype o1 DeeO ot T� (c)e tax on-this type a�Oeed o!Trust eha[geeDte agalnst ttie tender or _..: -. ., .; .;.-.
<br /> _ . " tha hotder af the Nota:flnd fd)a sP�t�c an a➢or atry portlore af the indebtedness or on PaYme�af pcMdPal and tntere�made by , 2 .�.. :. .--•`=";
<br /> . � � i T� � � '
<br /> . � SttDseQuea!Tta�s. II efi►fa�c to whtefi th13 set:tlon aypllt�s Is enected subssqaent to the d8ta ot Uds Oted ot Tns1.th1�evert S�aO have tAe , � ,.
<br /> • sema effec�a$en EvsM of Oa��ilt(as CeSnad besowA end Lertder may exerdsa enY w all o!fin avaL�abfe remafi.es tor an Everd o}Oafatdi es , �
<br /> ', �dsd�bef�ow��r either�(e�o eesufHd9nt Cor0ot8t9 siae�bo e ar other�seauiN��f!to Lender.aEove[n tlie Taxes and ' , ' } ��.
<br /> � 8ECURiiY AG�:FIFfAttCIHO STATEEA@lTS.The faQOw►ng provlslarts�stati�!o tNs Deed ot Tiust as a se�cwfty egreemerd er�a paA ot ; ` • .
<br /> � ` • thts Oead of TnisL -. . � . `-•
<br /> — �etuAty►Ag�'e3ffistd. Thls inshument 5t�all eansl(Nte e se�rity►aSreemertt to tha e�de�a�ry ot the Property+wrtaHHtutes fndtuag or other � <-
<br /> _ persana!propeAy,and Lendar shall have efl o}the dghts ot a Secured paRy under tAB Uniform Commert�aat Cade as etr.endad Uom tlma to - - .. .
<br /> - - -- -. Wne. _ _: :. �
<br /> � —__-�--:-_.-.__.
<br /> �- B�Ity IrReresl. t1Aon request by Lender.Tnrstot ShaD�oecute finandng sKatemetds ai►d tetce vfia�ver other acdon ts requasted by Lender -
<br /> ta pertect and coaflnue Lenders seauity iaterest tn the Rerds and Rersonal Praperry. tn edQ�on to recordtng ttds Oeed of Tntst in fha real
<br /> ,. ' ProDeAY�eords.Lender may,at any 6me and wittfoul huther authart�on from Tnistor,Re executed cour�terparts.cop�es cr reproductior�s of �. • , <�. �
<br /> lhis Deed ot 7rwt as a flnandng statemsrA. Trustot sha0 retmburse LenQer for eD e�er�ses irtcurted in pe�sCltag or cor�tinutn9lhts securitf► - - -
<br /> ` ` (r�rest. UAon detaulf,Tnatm shau assemb(e Ne Parsonai ProDedY in a manner and at a Ptaoa reasonaEh comreNent to Tnutor and Lender . ,- .
<br /> � . and meke if avaaebie to Lender within Uues(3)days efter recetpl ot vvr�n demand from Lender. �.��. :
<br /> qddras�ea. Tha maIDng addresses of Trt�tOr(dsbtor)and Lender(seeured partyl,irom whtch Wom�adon concerNng the s�inte� � .
<br /> ' �d bY thb Deed otTnat maY fse obtained(esefi as w9uUed by ihe Unifartn Comm�dal Codeb ere as 5tated on tho Qrst page cf Ws Osed . . -
<br /> of TnuL . • � ` � `
<br />� • Ft1RTF�A ASSURAftCES;ATTORttEY-IN-FACT. The toUmHing Prov�ons refaring to fluther assimanc�and attomeY`rMact sre e Dart M ihts � `,.-�:.�-��
<br /> . Dead atTrust. • _ --
<br /> • � Further Asmtraneea At arry tlme,and trom ttms to tlme.uAan request of Lender.Trustor wN meke.eo�cute snd Qe�i+re,or wID cause to ba ,. � _
<br /> . � � made.e�cuted or deGvered,to Lender or to Leeders Cesignee,and viAen requesEed by LenQer.cause to be fited.rerardeQ.reAeQ or ' __-
<br /> � - .y ra�ecorded.a4 ihe ease may be.at such Umes and(n such oftiees and ptaces as Lender may deem aPPmP��.er►1►ead eU sueh maAgaSes. . J_.��:-__.
<br /> . deeQs of trusf.sacur(tf►deeds.sec�uity agreeme�s.ttnandng statemenb.cort8nua8on sffiteme�s.instrume�of tnAher essuranoe.cerfftfcates.. �
<br /> � and ather docum9nts as may,in the sote opWon of Lender.be necessaryr o�desirab►e in order to effeduafe.comP�ete.PeAed,cor�6nu9.•a ' '�`.s`:.,�
<br /> pwserve (aj the obtigatlor�s ot TwKnr under the Note,thls Deed ol Trusl,and the Relatad OocumeMS.and (b)ihs qens and seauiry interesb 4:.i,;�
<br /> � created by tNs Deed of Tcust on the PropeAy,wtiet�er now owned or hereaft�ar acquG'ed by Tn�stor. UNess prohib�ed by taw cr agtaed ta the • �- -.:
<br /> � � contrary by Lender tn a-riting,Tnistor sha0 reimburse Lender tor eD costs and e�enses incurted in connedlon wBh ihe mat�s refet�td to tn -; --- � .g-
<br /> �', -
<br /> . . this paragraph. • � -�•
<br /> � � AtOOmay-lr►�Fast. If Tnistor fafls to Qo arry ot the Ni�s referred to fn 1Re precedm9 paragraP�.�-ender may Qo so tor and in the•name of �� �: ��-��
<br /> • �' ' Trustor and at Tnrsto:'s mcpense. For sucb O�P�.Trusbr hereby irrevoesbry appoir�Lender as Trustar's attomey�n-fact tcr the purpose � . � '��- =
<br /> - . ot meking.executing,QeUvedng.fiing,recar�ng.end dotng eU ath3r tNngs as r»ay be neoessery or deshaDte,tn Lenders sole apfnion.to • '.ia�
<br /> _ . ..: accomyBsA the matIas refarted to In Ng pracedirt9 D��Oh• -.. ..��T
<br /> • . � FIA.I.pERFOReCANC£ B Tntstor pays al1 tAe Indebtedness when due,and otAenvise peAorms eD the obCgaUons irt��xt erpon Tntstor under fh� --
<br /> 8 50
<br /> ., - � Deed ot Tnst, LenQ�st�atl exeeufe end deliver to Tntstee a requesl tar NII recomreyanoe and shafl exeq�te and d�nrer to Tnrstor su(tebte ___i
<br /> statemer�ot temdcmtion ot arry flnandng statemeM on fits evfdendng Lenders seeur(ry i�t in the Rerds and iha Persona!Froperty. My
<br /> $ reCOnveYBnCe te9 reQuhed by isw shall be P�d b9 Trustot.H permitted bY ePP�86te t8w. _""'
<br /> `�` " ;-.: pEFA1fLT.Each of ih9 fo0owtng,at the opUon of Lender,shall eonsUtute an event of detauD('�vent of OafaufP)under this Oeed of Tn�st • ,�f,
<br /> _ � ,�
<br /> ' � � Oetauit on tndebteQnesa. Fanure of Tnutor to make any paymenf when due on ina tndebtednass. ,``"i��"''
<br /> . �.,:
<br /> � � • Defauif on OfAar Fayments. Failure o!Tiustor vuithin the Ume requlred by tNs Daad o!Trust to make ar�l Oayment far taxes or insurance,o► ,. t., . . -.;���r
<br /> any other payment ne�arft 10 P�nt fiiing ot or to ef�ECl dischatg9 ot er►yt Iten. • . - _�
<br /> • �., ��:.
<br /> - � �-� Complinnee Ceta�d�. Fai�ue of TnisWr to compiy wtth any ather term,obUgatlon.covensnt or condiHOn conTained tn this Oead of Trus�tha • `��o�'°
<br /> . __:�,._:
<br /> Note or in any of ihe Reiated Documenb. ' :{�,Fr:
<br /> Fatse Statementa My wartanty.repr�entaUon ar statement made ar fumished to lender by or on behatf of Trustar under thts Oeed of Trust. � � '-'�;t�_;�:.
<br /> ' ' the IYOte or the Retated Qocumettts is fatse or misteadinH in er►Y meteAal resyed+efther now or at the ttme made or furntshed. " � ,f�?:�.•
<br /> � .. �+�;
<br /> � � OeteClive Cottater�"...�tton. This Oeed of Trus1 ar airy ol the Retatad Oxume►�ceases to be in tutl fo�ce and eNecf(1ndu�ng tafiurs of eny .. •.���,�;.
<br /> � i coRaterat dacuments to create a veud and perfected sacurtry inter�t or Qen)at arry 8mo an d t o r arry reason. '.�� �--
<br /> -"r.,�---
<br /> •J . � Oeatp or fnsotvency. The Qeatb ot Tnuta,tha Insotvency ot Tnutor,the appotntment ot a�ecetver tor any paA ot Trustors property.arry ` ':1=�,:
<br /> a55ignment tar the benefit ot credltors.any lypa ot�tor workoul,a tha commertcement of eny proceeding under•any banlwptry or ��••
<br /> insOtvenCy Iaws by or 8galr=st Tnator. ,. .:;"•�~��
<br /> • � � ForoNosure.Fortettuaa�etC. Commencement of faredowre or torteitura prooeedingl.whether by judiqai prooeeCing,salt hatp.repos..esstOn ' " " . - ��
<br /> �:l or any other method,by any creditor of Trustor or by any govemmental agency against any�the Properry. However,ihis subsectlon st�ail nof . ��;. `�.'•-7,.-
<br /> epply in the event of e good faNh dispute by Trustor as to the validity a reason8bleness ot the d a lm t+RticA i9 the besL4 of the tOrectoStUe Ot �, � ��
<br /> . toreteiture proceading,provlded inat Trustor glves lender vrritten nottce of sucb clalm end turnishes reserves or a surety bond for the Geim , • . ,
<br /> S8'�E3CtOty/t0 L8nd9f. : ' ;. ';r%
<br /> Brearfi of Cthe�A�eemen� Any breach by Trustor under the terms of a�ry ather agreemem between Tnlstor and Lender that is not remedted , �
<br /> . " , • witNn arry grace pedod provfded lherein,InGuding wBhoul UmitaUon arry agreemettt ConCeming arry indebtednsss or Other obllgBUon of Tn�star • '
<br /> ' , , . to Lender,whether ebstlng now or tater. .
<br /> Ev�.�ts Attecttng Guarentor. Any ot the preceQng evenb occurs witM resped to arry t3uarenlor Of any Of tAe InQeDtedn�9 or any Queretdar � . .,
<br /> � i Cs9s�becomes incompetem,or revokes or dkputes the validP.y a`,or IlabUify under,any Ouaranty of the Indebtedness. Lsnder,at fis optlon,
<br /> . � � may,but shell not be requlred to,perm(t the Guerantofs estate to essume uncondiUonelly the obiiga8orts erising under ihe guar8nty In e
<br /> � ¢ � menner saUSfactory to Lender,and,in doing so,cure the Eveni of OeTaull. , . .
<br /> �3 . fnSCCUA1y. LOnCer�y good teith deems it5elt InSet•Ma. .
<br /> � � F�dsttng IndeDtCQness. A deisuH shall acCUr under any Existing Indebtedness or undet any instrument on trie Property secudng any Ex1�tUng .
<br /> Indebtedness,or commencement of arry suit or ofher ecUon to toreclo5e any ebsUng Oen on ths Properry. . �
<br /> � �t to Cure. {f such a faiture is eurabfe and i!Trustor hes not been yhren e notice of a breach of the same provtsion ot thb Oeed of Trusi •
<br /> w•;�n ihe preceding hvetve(12)months,8 may ba cured(end no Evem of Oefa�dl will have accurted)i}Tnutor,after Lsnder s&nQs vttitten
<br /> I r.a�ce deman�ng cure of such faiture: (a)cures the failure within tan(10)days;or (b)if the cure req�ilre9 mae lhan ten(10)days,Immediatety
<br /> � �n�ates steps su`.`•dent to cure the failure and Ghasatier conUnues and comptete9 ell►eaSOnable and necessery stsps sutfidenl to prodace
<br /> . � { eompllance a9 soc�as reesonabty practicel.
<br /> � RtGHTS AND REMEDlEB OH OEFAtA.T. Upon the occurtence oi arry Event of Detautt and at arry tlme therpafter,Trustee or Lender,at its opUon.
<br /> may e:wr�se any ono or mote o}the fottowing rtgh�and remedles,in addiHon to eny other dghb a remedie9 proNded by law:
<br /> ; � Aeeeferatton upon Defaulh,AQdlttonal Rerttedles. If eny event o}deTeuit occurs as per the terms ot the Note secured hereby.Lender may
<br /> ' declare all ladebtedness secutod by this Deed o}Trust to be due and payrabte and tAe same shall thereupon become due and payabie without ,
<br /> '" , any prasentment,demand,protest or notice o1 any kind. Thereafter.Lender may. if
<br /> �� �� (a) Either in person or by 8genf,with or without bringing 8ny aeUOn or proCeeding,or by e�eCelver appolnted by a court and withaut ! � ,
<br /> � � regard to ihe atlequacy of rS security,enter upon and take possesslon of the Properfy,or any paA ihereoi,in its own name or In the name �
<br /> �'` of Trustee,and do any acfs which it deems necessary or Qeslrabte to prese►ve the value,marksffibility or rentabitity o1 the Praperty,or part . . .
<br /> �s� � ' ot the PrOpsrty or interest in the PropeAy:inerease the lncome from fhe Property or ptoteCt the SeCUnty of the Property;and,wiih or wlth0ul .
<br /> taking possesslon o}the Properlyr,sue tor or othmwis0 coltect tne rents,issues end profits ot the Properry,inetuding tAOSe past Que aaA �
<br /> . unpaid,and appty the same,less costs and expenses of operaHon and coitection,inctuding attorneys'tees,to eny indebtednsss sscuted • . . •
<br /> by thls Oeed ol Trust,ail in sucA order as Lender may determine. The entering upon end taking possesslon of ihe PtopeAy.the coV2cUOn i
<br /> � 01 such renb.issues antl profits,and the appiication thereot sAatl noi cure or waive any defautl or noflce ot de�auH under this De.3d o!Trus! . . .
<br /> or�nvahdate any act dona in responss to SuCA defaull Or pursuent t0 SuCh notiCe of default:and,notwithstsnding the contlnuence in � � . .
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