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<br /> � (c) qp a�Gcabie I�vs and tegutalions.indud'ing.wlthout fu�ion.the Arreri�ans vrith Ofsahitittes Aet,42 U.S.C.Saetion 12t01 et seq.(and ali �. ,
<br /> � • re�faUons prarf�ul8ated thereunrter)and ali mnmg and buils8ng laws and tegiilatlons relatlrsg to ihe ProPertY bfl vUwe ot arry tederel.state ar munidpal ,
<br /> - - �a�,y�h juris�etior�over ihe Propefly.prese+�tiY ara and shall be o�erved and camplied with in sU matetial respects.and a11 ri�rts.8censes. ..L =—-
<br />----- - . ., pem�t�end eertificates of aaupancY(indu�ng ixcl not lirteted to zon(ng varianees.spedat exaeptions tor nanoonfomdng uses.and fi►iai inspecU�t► � -'' -='---- --
<br /> , ap�ovats).whettmf tert�orarY aF Parmanerrt.whicfi are rt�atedal to it�use and oauPan�Y ot the Property.PresemtY ar�a and shaU tre obtaln� _ .
<br /> preserved and wherB neae�aey.renewed: . .
<br /> (�t3rantor has the dght and fs d�dy autharired to execute and perfortn its Oblfga�nns under Uds Oead af Trust and these aeNona do not and sAaD n�
<br /> . } conNet with ihe provisions af eny statute.ce�llon.ormnance.Me°f L�w.°°r�tra�or othsr egreert�errt whieh ma}r be btndng on Grantar a1 any time: �
<br /> , .I (e) No aetlon ar proeee�ng is or shall be pen�ng ar threatened whid�mt9M rt�erialN aHaW the ProPerty:a�d
<br /> < • (�Grarttor has nm vloiated ertd st�all not vlolate any stffiuie.teg�tan.ar�nance,ctde of law.wt�tract er oUtet a�eertertt(indud�ng,but not lirtdted to.�
<br /> ���M9�r�OUS M�Srlatsl,nrhiqi rtdght mazerlaDy aftect tAe Property or Lenders d�ts or Irrterest in the PropeAy p�usuartt to th(s Oeed of� `. ,
<br /> • Trust �
<br /> � � PRiOH QSEDS OF TRUST. Qrantor r�epreserts and vrartartts V�at Merd are no prtor deeds of IIust affeeting any part of the Properry exoept as set b� /. `. �
<br /> - - - �'-� on Schedute 8�ed to Uils Oeed of Tnu1.►vhidi Grantor a�ees to and perfortn in a tirrety manr�er. If there are any prior deeds of trust ther�� ----- .
<br /> � QtaMor agrees to pay aU artnunts avted.and perfartn sU obllgatians re�un�r such desds ol trust�ti the irtt�bfedness seaued theraby and tuMe�Q •�-
<br /> a�ees tAat a defautt undet ecry�or dead of trust shatl be a cfi�fautt under ihis Deed of Trust and shaD ertlitte lendar to aii rfgMs and rerts�fies camained . F,
<br /> . � � ,.c Aerein or in the�ligatlons to ch I�nder would be entitled In the everA of anyr other�iault
<br /> � 4. TRAI�iSFER8 OF iHfi PROPEHiY OR BENERCfAf.Q?IERESTS IN GtiA[�fi+OAS OA BORROWEAS. In the event of a sale.camreyanoe.tease. -. .
<br /> - oorrdacl for dsed or transter�o person of ail m arry Part of tha caat properry dssaihed in Sche�ile A.or arry Grterest there(n.ar of aB or arry 6eneftdal _
<br /> . � irttecest in Bortower ar Grantor(i�rtawer or Granior ts rrot a nahualperson ar persons but(s a earpor�on.Umited IiabifAy wrt�any.PartnersMA.trust.o► - � 1 :`
<br /> � other te�l entitY?.Lender may.at fts apdan�dare the autsmnd�ng pdndpal hatance of the O�i�tions plas aoauad irrterest therean btsrsdfffieN due and
<br /> • . ' pa y�t a. A t L e n de ts r e q u e s t,(i r a r tt c ro r B o n o w e r.a s t h o e�s e rt a y b e.s h a l l f u m i s h a c a�tete statemem settin g forth ali o!its sro�otders.mem6ers.ar . . ; �' ; _:,-
<br /> partn�rs,as apprapti�s•and the extent nf thsL'tespective awnership interests. . • -
<br /> - •, �.�, >:�;^'
<br /> 6 ASSI(3N!'AENT OF RH�1TS. In consfderaUon ot the 06Hgadons.which ere secured by ihis Oeed of Tms4 Grantor a�alutely asstgns to L en d er a i l - ,;• ;: _
<br /> t�tars ey�s.rt�t �de.interest,cia(m end demar►d naw awned or hereafter aa�uired In all existtng and tuhire teases of the Properly(tndud�ng , _ .-.-.—
<br />- �� extensions.wnaHa(s and su6leases).all a�eemerrts for use and oauPan�y of the Property(all sueh leases and agreemerrts wtiether wduan ar oral,ara . '.,°'�=�-'
<br /> - `:' hereafter referted to as�e'Leases�,end aU s�uazarttlas of lessees pertormanoe imder ihe L$ases,tagether with the irrer��e and carrtU�ufng d�►t to •' ` -
<br /> � coUeG and receive all ot ffie rerrts,ineorre,reoaTpts,revewes,Issues,profits and other inoorr�ofarry naMe na►v or hereadGar�e(indudng ariy�rte�of � �:, :
<br /> • . , .� any nawre caming�e du►ing any redertg�tlon pedc�under the Leases ar from or aristng out of tha Prapert�l indudmg rtdn[rtum rertts,addN -:�.
<br /> , percerttage rerns.Parldn8 ar mmmon area r�afr�tananca ea�ons.tax and ins�uanee oorttributlons.�efldeney rents.Qquid�ed darrg toVaw(rtg � ..;3,�..
<br /> •.� default tn arry Lease.aD prooeeds payable imder anY Po�Y of buwance cover(ng bss of rerrts res►illfig irom uMenarnahifity eausedby�qton or � -___
<br /> . �art��m t�pro tty.all pru�payaEte as a res+dt of a lessae's exerdse oi an apllon to�rd�ase the Properry.aD pmceeds detived fram the ---
<br />-. � ;�� temtnatian or rejecUon of arry Lease in a traNauptc7l or other InsoNencyprooee�ng,and aUprooee�imm any dghts and dalr�of arry Wnd which(irantor . .. - �� �
<br /> rtey have a�yatnst arry tessee under the Leases or arry oaupants of tfle Pcoperty(ail of the abave are hereefter oollectively reisrted ta as the'Fter�'►. This - - - . ,°-;"�=
<br /> • : `*� assl rterrt�s subjed to ihe rt�►t,pawer and au�or(ty glven to the Lendet to�ded and apply ths Rerrts. This assfgnrrerd is recorded in aaordance with • ; ��.�-Q--
<br /> appl�i�hfe state taw•the Itan ereated by this assfgrmierrt is Trrtended to he spaditc,peAe�ted end ch�ate upan the reocr�ng of 1Ms Deed ot Trust,all as �_� =
<br /> ' . �•��' provtdad by appdcabte smts tavi as amended from Urre to tlma As tang as there Ia no defautt under the Ohif�tians or thts Oeed ol Tnist.Lender�arrts r- ; _-
<br /> C i r a n t o r a r e v o e a b t e O e e n s e t o eoQect aU Rerrts trom the laases vrhen aue and to use such pro�eeds in Citarrtars businass opera8ons. However.Lender ,. . � ,t;:i, ,,.�ti�;.'=
<br /> . rrmy at any tima requtrs(iraniar to daposit ali Rams irRo an a000urrt rt�aGttained by(irantor o►Lender at Lenders i n s tl d�tlon. Upan d e f a u t t i n ffie payrre r d ` _ .-a:��-.,:
<br /> . of,or fn the perfcrmanae af.etry of fhe 0611gatians,Lantler may at'r,s�rsr'an take possession of tha PropeRy end have.hold rnat�aBe.lease and operate ihe •- ��t!,`�:::�
<br /> ' Proparty an terms and tor a period ot Uma ihat Lender deerrm proper. Lsndermay proaeed to ootlect and recetve all Rems irom the propeRy,and Lender :�$ ;
<br />. . . sha0 have full po�rer to rretaa alteratlons.renmrations.repaUs or reptacrosrents to the Pmperty as Lender may deem�oPer. Lender appty ell Rerrts in �•.-y:"�
<br /> Lertder's soie disueUon to paymem of the ObO�tians or to the paymerc ot the eost of such aiterattons,ranavatfons.repatrs and�mecrts and any .`c•Y-''
<br /> . expenses inddent to taldng and retain(ng possesston of ttre Pmperry perta�cally and i he manag�reni an d oper a t ion ot t he Propa r ry. Lender m a y keepthe �•.i�;��`°._:
<br /> P+'oABKY G�Pa�y insured and may�scharge mry taxes.eharges.dairte.assessrt�errts and other liena whieh may aoaue. The e�ense�d easl of t hese ± . . t:,�..-
<br /> ' • • astions may be d(rom ihe Rerrts reeeive0,and any�mpald amourAS shaU 6e added to the pdndpal of ihe ObU�tlons. These amourrts,togsther wflh ,�„��� �r �`���.
<br /> � gaUons senuad by th(s Deed of TrusL � ��
<br /> olhef costs.Shal�oorre paA Of ffiB Obl, , .. ::�-`�"`�,
<br /> ��' A�...:�,�.
<br /> .ti•• .-F .:_
<br /> ' 8, L,EASES AND OTHER AtiRF.0AH379.tirantor shaU not taka ar fail to tak�arry actton which r�sy cause or pemgt the tertrinatlon cnhe wfthhct�ng ot .. .. ��.�..;��i y�'`�
<br /> . /}t
<br />. arry payrt�erq in oormecdon whh any Lease or ather a�eemem�A�msm�pert�ining to tha Property. In addNon.Ci�antor,withom Lenders prior wrftten •. _ . :.,:��.� !
<br /> r
<br /> eonsem.shail nat:(a)coUeq any moNes payabte underany Jl�eemaftl more than one mortUi in advance:(b)rt�ity anY A9reemerrt:(o)assign ar allow a �.L�:
<br /> rt
<br /> flan.sea�rity interest or ather enaur�ranee to ba ptaced up�n tirantors A�ts.tiUe and imecest in and to ar►y Agrsemem or the amoians payable . r
<br /> j thereunder,or(d�temdnate or eaneel arry A�eerrrem exeept tonhe nor�aymertt ot any sum or other materlal breaeh hy the other parry iheteto. If Grantor -
<br /> r¢aelves at any tUre any wrttten oomnmicatfon asaerting a defauit by Qranwr under en Agreer�rA ar purpoNnp to temdnate or cancel arry Agreemem. , ,, :}`;�
<br /> Cirantar shall ptort�Uy tarward a eopy of such cormuntcaUan(and any subsequem earturunteations refating thereto)to Lender. All sueh A�eemertts and :;_.:.;r,.
<br /> ihe amourrts due to C3ramor thereundar are hereby assigned to Lender as add'itional security br lhe Ob1lgaUons. ,� :•:>
<br /> .. . . � . ;.�,.�_ .
<br /> � 7. COLLECTION OF INCF.9TEOHESS FROM THIRD PARTY. Lender sha0 ba emftled to notity or requtre Qrantor to notify arry third paAy(induding,bul � � -��'-
<br /> �. not li►rdted to,lessees,C�nsees. mmemal auUior(tles and insurance oo las)to pay Lender any indebtedness or obOgatlon owtng to Cirantor with " ,� :. �;':;'
<br /> � respeci to the Propurty(eurtui eiy 9ndabtedness�whather or noi a d�ft extsts under this Oeed of Trus4 Qrantor shaU�IigenUy eollecl the �. "-�-
<br /> � � indabte�ess owing to Cirantor hvm these third paNes ur►lii the glving o1 sueh noUfleation. In the eveM that Grantor possesses ar re�Nes possesston of . ���.:
<br /> � arry instrumerrts or other remlttanoes wfth respecl to the indebtedness toltowing the giving of sueb not i fl c a t ton or i f t h e Instrume Ms or o l Aer ra m i t l a noes • � --
<br /> � oonsUtute the prepayrtiertt of eny indebtedness or the payment ot arry Insuranoe or condertmation praceeds.Grantor shatl trotd sucA Instrumems and other �
<br /> rert�ftmnees in trust for tender apart from tts other properry,endorse the instruments and ather rertiltartoes to Lender,and irrune�ately prevtde Landei whh ��r �
<br /> . � possession of the InsWrt�ems end othe►�ert�ttances. lender shall be errtiUed.but not requfred,to wllecl(by legal prooaedings or othen�vise),e�ctend ihe ,�
<br /> Urr�for paymertt,cort�rorNse.exchange or retease arry obiigor or coliateral,or otherwise settle any of the tndebte�ess whether or not an everA o1 defauft , � • �
<br /> � exlsts under ihis Agraemem. lander shall not be Ilable to t3rarrtar for erry aetion,error,rtistaka,orNsslon or detaypertaining to the actions�scribed in this .
<br /> 1i para�apA or any damages resulUng theretrom. Nolwflhsfanding thd faregoing, nothfig hereln shall cause Lender to b0 deemed e . . .
<br /> • � mortgagee-in-possesslon. '
<br /> <•
<br /> � � e. USE IW D AAIIIMENMICE OF PROPEH7'Y. Qrarrtor shall talte ell eetlons and rtak0 etty repatrs needed to mairrtatn the Propeny in gaod oon�tion. . ' .
<br /> 3ramor sha11 nm eartordt or pemmdt any waste to be eomrdtted vrtU�respeG to the Property. (irentor shall use the Proporty solery in eor�lianeA wfth , . ,
<br /> t
<br /> ' appiicab(e law and insuranee poiieies. arantor shall not rtYakearry aiterationa,ed�tlorts or irr�mvamerrts to the PropeAy wrthout Lendsfs pdor wtitten .
<br /> � canserrt. Wrthout IimiUrtg the toregoing,all atteratlons,addNons ar�d irr�rovemerrts mado to the Property shall be subjeci to the benefldal irrteresl belonging �.
<br /> to Leader,shall not be removed wfthoul Lendera ptlor written wnsem,and sfiail 6e made at Cirantor's sote expensa. �
<br /> ; 9 L03S OH DAMA6E. Qrantor shall 6ear the eMire dskaf arry Ioss,thefl,destrucllon or damaga(wrtnilaUvely'Loss or Dart�ge')to the Properry ar erry • .
<br /> � poNon thereoi irom any cause whatsoevar. In the event of arry Loss or Damage,a►amcr sha0,at the oation ot Lendar,repair the aifeaed Property to Its . •
<br /> _ � prevfous oondi,tion or pay or eause to be pald to Lendsr the deaaase in the talr markat value ot the aftected Properry. �
<br /> ' 10 INSUAAI�ICE The Property will be kept fnsured for its tuii Insurahle value(replacemem wsl)againsl all hazards induding loss or datrage eaused by � • - .
<br /> 400d,earlhquake.tomado and flre,theft or other casualty to the extern requirod by tender. Orarrtor may o6tain insurance on the Property irom such
<br /> ° oon�anles as are aoceptable to Lendar in As sol3 dlscretion. The insuranco pollWes shal!re�ire ihe insu►ance company to pmvido Lender wdh at least . .
<br /> 1 30 days'written notice betore sueh pofiGes are altered or eanceUed In any manner. The Insuraneo policies sha11 na►r�e Lender as a losa
<br /> � �ayee an ov that no aet or omisslon o1 i3rarttor or any other person shall afteq the d�t of Lsnder to be patd the insuranoe prooeeds pertalning to ihe .
<br /> loss or damage of tho Property. In the evem tirentor fails to aequlre or rrelntaln Insuranee,Lender(afror pravldfng noUce as ma�6e reepilred by law)may
<br /> . � in its disuetlon prowre approprlate insurance coveraga upon the Property and ihe insuranae oost shali 6a an advanes payab e and boaring interest as
<br /> - • desuiEed in Paragraph 23 and sewted hereby. Orsntor shall lumish Lender with ovidenoe of insutance Indicating ihe roqulred ooverage. Lender may aet
<br /> . • as attomey-in-tact}ot Cirantor in malcing and settling dalms under insuranco polides.cance111ng any policy or endorsing Grarttofa name on any dra't or .
<br /> 1 negotiabie instrumem dravm by any insurer. All such insurance Qoilcies shall be irtvred,�ety assigned,pledged and delivered to Lender as tuAher seam.y
<br /> I }or ihe Obilgations. In ihe evetd ol loss,atantor shall InuneNately give Lender written notiee and Lendst is authorizod to malce proot o1 loss. Each F
<br /> insuranae cort�any is directed to make paymerrts d�rectly to Lender instead ot to Lender end Orantor. Lender shall have the rl ,at its sole option,to , • �
<br /> � apply such monles toward the Obpgations or taward the eost ol rehuilmng and restodng the Property. Any arrourrts may at Len ers option be appiied in � :
<br /> ihe irNerse order ot the due dates ihereof. � ,
<br /> ._ ;.
<br /> 11.ZONINa ANO PRIVATE CQVENANTS. Grantor shall not Initiate or consent to any rhange in the zoning provisions or private covenants aftecting the • �
<br /> � us0 of th¢Propt3rty wlthout Lendera pr(or written oonsent. It Orantofs use ot ihe Property beoomes a nonoortbmdng use under arry zoning pravision. �
<br />" � G:antor shall not rause ar pemut such use to he�sootrtinued or abandoned withaul ihe pdor wdtten consent o}Lendec Grantor will irtmediataly prov)de •
<br /> � � Lender with wririen notioe of any proposed changes to the zoning provisions or private cavanartts aftaeHng the Property.
<br /> � � 12. CONbEMNA7[ON. Grantor shall Imnadlatety provido lsnder v�ith written notiee of any aetual or threatenad eandemnation or eminerrt domain
<br /> pr000eding peAalNng to the Property. All monles payabte to Grantor from such oondertmation or taidng are hereby assigned to Lender and shall ba appiied
<br /> � �.. ' fir5t to ihe payrtem ot Lendor s attomeys'loes.Ic+gal expenses end other costs(indutLng appraisal faes)in connection with the condemnation or eminom � � '
<br /> domain prooeetfings and then,at the option of Lender,to the payrrerd of the OGligations or ihe restw.ation or repair ot the Property.
<br /> - NEDO7H Rav.29� Papo2c16 � . •
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