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<br /> • . 19. L990���TO CO1d6S�ICE OA DEFEND LE�iAL ACiiONS. Cirantcr�a0 irre�atehl�de Lendar wfth written rwCoe of arry acuia!cr ...
<br /> � � � 4ueatened aqion.suit.or other proeeemng etteWng the Properry- C�rantor he�e�Y eAPotrrts Lent�r as s attomey�n-tael to aorrnenee.irrte�vene Ifl.and L - -,
<br /> ---------- deferfd such adiona suris.or offier te�t�s�n�and to eort�rorNSe or sente any dalm ar corUtoversy pattaining thereto. Lender shail not be ifabte to � ; '
<br /> _ , .;. . � i to tAe actlons�a�bad in this paragraph or any da�ges��ng therehom IVothing � `• -�. �_.
<br /> ararder tor erry aeGcn.ertor.rtistake.orrtssiari or !ay Pe�ilnB in its own nama. � � � -
<br /> wnCained herein wiU prevem lender trom taMngths aetIons desaibed in ihls para�aRn
<br /> . � he res mr u�e Renommnoe ot any ot c3ranwrs at�igauons wim ra ta Ute P►opany under � �, � .
<br /> � 10.INDF.�diV1ACATtON. Lender shaU not assurte ar Pons�b�e '
<br /> ��m,��,Q�ar�tor shaif frtmediatety pravids Lender with written natim of and tn�rreuty and hoid Lendar and ita share oiders.duectors.ot8oa ��..
<br /> ` ert�foyees and agsnts hartrdess tram aU dalrtm.dana�s•�a�ties(tndudng mmmeys fees end tegal e�enses).causss of aeUon.aetians.suits an�
<br /> , . � other tegal�xooeedulcp(a�rutaGvery'Ctairte3�Pertaining tu the ProDenl►Mdu�ng.�1 not Urtited to.ihose U�voMing Hazardous Materials). Grarttor,�or� ,
<br /> ' Uia request of Wn�r.shall hire tegal oounsel to dstend Lender from�t�Ciairrm.and pay the mwmeys tees.!egal e�anses and other casts ineurtad tr� :
<br /> � � canneGfon therawith_ In iha altemative.Lender shall survive th te e�nallon taae o�r taredas:ue oi thit a Ceedot C�m arar�cors co�. c3ramors� . � , `,` `
<br /> ' • o6dgatton to indermity►len�r under ffiis para�aph � `, .
<br /> . ;-`� l5� TAXES AHD ASSESSPdENTB. Grantor d�all pay aft taues artd assessm9rrts rei�ing to Properry when due and inared�atelY Provide Lender evlden�o� � . _
<br /> - - -- otpayrrerY�ot sarris. Upor�tlta te�est of lender.Grantor shail deposit with Lendar eash mortth ane-AVelfth(tlt�)of ihe estirt�ated annual Insu►ance =-- - ,
<br /> i �enium,taxes and assessrtertts pertainfng to the Pmperry• So tong as there is no delau�,ihess amoimis shali be�pptied to ihe payr�e�t ot taxes.
<br /> � �� ��erts�d insuranea as required on the PropeAy. in the eve►A af dafa�t.Lenc�r shall have the rt�ri,et its sole option,to apyly the tunds so held to
<br /> PaY an11�s or agatnst the Obit�dans. Ai►Y Aa�s appied may.a!Lender's opSon.6e apptied in teverse order oi ihe dus�te thereof. - . ..
<br /> ' :� t& INSPE:Ci[OR1 OF PROP�RTIf.B00lCS.RECORQS AND HEPOATS�.Gremor shaU altow Lendst or its a�errts to examine and inspeet the Property .. . ._
<br /> , � � ertd examine.inspeG and maks ooptes af t�aMor's books and►e�per�n{n9 to tho Property from tirre to Lrre. Grantor shaD�ovide any assistanoe . _
<br /> required�y Lender tor these piuposas. All of the si�raWres and infom�a6on aorrtalned in Grantors 6coks end records shaii be gara�tne.Uua,�� . ,,
<br /> • eo[�em fn aU resP�cis- Cirantor shalt note the exfstenoe of Lendefs bene9rdal irrterest in its baoka and records pertalning to the ProAertf►. � _ ' .�,, ,
<br /> . Girantor s h a U repo r 4 in a t a r m s a t i s F a c t o ry t o l e rt d e r.s u e h t r d a m�a t t o n e s lendsr rr8 y�e q u est r e�t d'ing Cirantors finandai aanddion or the Property. The .` � : _ �, . ,
<br /> � iMom�ian shall ba far such pertods.shail re8ect Ciranoors retords at such�me.an d ahaD 6e t�dered wilfl sucfi(raqueneY as Len d er may d e s t�. l U! , : � 'r.`--�.
<br /> • ', tnfom�tton fwnlshed by(itantor to L en d er s h a 0 6 a true.aoairdte and cort�lete in ail respeets.and signed by arantar it Lender requests. , ; :F�a:'_�._� .
<br /> . , Lendar.Grantor shail deliver to Lender.or any intendedtrans(eree ot Lenders , - �~��-=�'.--
<br /> ` 77. ESTDAPB.CER71F[CATE�. Wilhin ten{t0)days ffiter arry request tsy •
<br /> . . rf�y�tfy respea to me 06U�ians.a signed and acimowte�d statertertt speeityfn8 ta)die autstand�ng halanee on the Obfi�llons:and(b)whether � —
<br /> ��r possesses any dairtts,detenses.set-0fts or eowmrdatms with respeet to the Ohli�tions and N so.the nahue ot such daims.�fenses.setoifs or ���
<br /> ,� co�trrB.drantor wU 6e oundushrety boimd l'�Y a�►1I te�eserttaUa�ihat Lender may make to the irrtended transteree witA raspeU m these matters ire , _--__
<br /> ';. the evem that(irarrtor faHs w provldeUie recpiested sh�ertem in a tfinely mannec _ __
<br /> . .. . - ta OFFAl11T.(ir�rtar shall ba in defauft�mder thfs Oeed of Trust and the Trustee's power sha(I becorre operative in ihe event ttrat Qrantor.Borraweror - - •��".'��
<br /> .�- x any guararAot of ihe Ob6gations: ..._ -• ,��•�.
<br /> • . (a)fai►sm pay any 06iigation to LenEsr when due: • �`�..'°-:-
<br /> (b) f a U s t o p e r f a r m a n y O b f i g a t i o n o r b r e a c h e s a r ry w a rt a rt t y a►eovenenl to Lender ooma(ned in thia Deed oi Tn+st ar arry other presem or Miue • ��.��,�-
<br /> � ' a�eemer�fi . - <,:>.�-�
<br /> ..,., :�. . �,:;:..�.
<br /> {e)destrays.loses or dartages the Propeily in arry material respect or subjeets the Properry to sefnue.coMisc�ton.or eondemnadon: <�.. , � � ,.. ,.��
<br /> . , . - (dl seeHs to re�mke.teminate a othervulse limit fts I'iabUiry�mder any giiaratriy to Lender, • -- ?`�-_i.�::�
<br /> •� ' (e) �es.heoomas Iegaily inoort�eter[t.is�ssotved ar temdnadsd.6aoomes insaNent.makes an assi�mem for the 6enefit of aed�tors.fafts to pay � _, �;'•r,�:�s�
<br /> debts as they 6ecorre due.files a pehtion under tha federal6anEwptol►�aws.has an tmoluntary PeUtlon in Isaniwptcy filed in vvhteh Cirarrtor.Bartower • •,�;o-� .
<br /> . or any��antor is narned ar has pmpeAY taken under any wrft ar prowss oi eourt; . '-•r��.Y+!
<br /> on.or use af whi�,is ille�l• `4��, . . �.._ .,,.
<br /> -'-__,.
<br /> . . . (� allaws goo d s t o 6 a u s e d.v a n sPo rt e d o r s t o w d an the Pro P e rt Y.the p ossesston,transPortati ' . � '`;�,^a` �'s
<br /> (g)alta�ys arry paRy other than Cirarro�r or Bortower to assuma or un�rtake arry ObOSaUon wfthout the wr(tten eonsem of Lender.ar �,,-.,g�,,
<br /> (h) c�ses Len�r to deem ftsalf insecure due to a significarn dedlne in ths vaiue ot the Praperry:or ff Lender,in good faith,tor arry reason,belleves ' +� +��,�_:
<br /> ih�the prospeu of payrrent or pedomianae is trt�airod , •_� �°
<br />' - , . . -:^':.'T�dz.
<br /> . �g� pIQ}iTg pp LENDPp ON DEFAUIT. if there is a detauh undar this Deed of Tmst.Lender shaU 6e emitled to exerdse one or more of the tollowing � ;�,�'.'
<br /> ramemes wflhout noUee or demand(exeepi as required bY law): , ;_,�'''.-
<br /> � ._ (a)to dedare the Obtigations Imr�ateiy due and payabte In f�ill; , �, ���'`
<br /> , :�..
<br /> (b)tocoltectUteouts�tar�d'ingObifgationsv�orwl�houtresortfigtojuc5dalpro�ess: -':=��r=�:�:
<br />_ (e) to require�3rantor to deliver and make avaflable w Lender any personal proDerlY or Chattets constfdiUng Uta Propsrry at a place reasona6ly . .� _ '-
<br /> r�;;�:�
<br /> • comrenierAtoGranta►andLender. ' � '�-
<br /> . (� to ente►upon and talas possession af the Property whhout apprying tor or o6taining the appoimrrertt oi a reoeh�er and,at Lenders opUon,to .�•� . �����•.�
<br /> � � apAoint a recetver wilhout bond,without first bringing suit on the 060gations and wflhaut otherwise meeUng any statutory condNons regar�ng . `'.f-<°,.
<br /> •.-r.,_�..
<br /> ' . '; recetvers,ft being irrtended that Lender shall have thts oorriracWal d�t to appoirrt a reoeiver, , . �" �
<br /> � ! (e)to ert�Ioy a rt�anaging agem of ths Properry�d let the sart�,eHher In Trustea's own narre.ln the nartre o(LendeT or fn ths name of(3rantor,end ' �=:
<br /> the sart�,after m of atl necessary diarges and e�enses,on acoaum of • •,.=
<br /> • � r e c e i v e t h e r ertts.inoome s.(ssues and p r ofits of the Property and appty PaYme • _ , •..
<br /> • . the ObUgaUons: , x-.
<br /> � (f)to pay arry surre In any fortn or rtenner deemed expemem by Lender to proted the sewriry of this Oaed of Trust or to cure arry defauR oihar tt�an � ���
<br /> payrtffim o1 irrtsrest or prtndpal on tha ObOgazlons: , . . �
<br /> (g)to foredose this Deed of Trusl judldaity or nonju�dally and to dueet the sale of tha property ihrou�exerelsa oi the power ot sale as refareneed in
<br /> � para�aph 20 hereol in aocoordanoe with epptleaDle taw: � r '... .
<br /> � ' (h)to set-0fl Qrarrtors Ob(IgaUons agalnst any amourtts owed f3rantor by Lender includ'ing,but not Ilmtted to,moNes,instrumeMs,and deposit •
<br /> �� accaurtts rt�t r rt a lned wflh Lender or an y wrrenUy exisflng or future afffllate ot Lender,and ..
<br /> ' (�to exer�tse all other�i�ts availabia to Lender under any other wdtten a�eemem or appUcable law. , �.�
<br /> . • Lenders ris�ts are cuauiative and may be exereised tagethar,separatety,end in any order. In the evam that Lender InsBUites an aGlon seeWng the . . ,.�_�..
<br /> - � reoovery oT ury ot ihe Property by way ot a prejud�rrrerem remedy in an action agalnst Qrantor.Grantor waives the posUng ot any bortd whicb rtd�tt .
<br /> otheryy�ss(�e requtred. Lender or lsnder's designee may purdiase ihe Property atarry sale. Prooeeds ot any Trusteea sale hereunder shaD ba appifed .
<br /> • ftrsL to the eosts and e�ertses of exereising ihepower of sale and of the sala,Induding the payrrem ot the Trustee's(ees eduatty ineurred and not to .
<br /> ' � exeeed the amourrt whidi may be provided for In thls Deed ot T►ust.second,fo paymerrt of the 06I1gaUans securad hereby,third,to ihe paymesri ot N' ntor , ..
<br /> trust deeds,rtartgages,or other�lenhofders,and the balance,if any,to the persan or pe►sons legalty enUtled therato. The propeAy or any parl thereot rr�y �
<br /> .j be soid in ona pareel,or in sucb paroels,manner or order as Lender in its sote msereUon may elecl,and one or more exerclses of the power herein�arrted
<br /> � � shall not exUriguish or exhaust ihe power untess the emire propeRy is sotd ar the obtlgaUons are paid in tull.
<br /> ,;..• . y
<br /> ` � • ; 2Q TRUSTEE'9 IXERClSE OF POWER OF SAl.E ON OEFAULT: If Lender eleets to sell(�rantors Ir►terest In the Property by exerolse ot the power of ,
<br /> sale herein eomained,Lender shall notity Trustee in the manner then required by law. �
<br /> � � Upon reoelpl of suefi noUce of Lender and at ihe dlreetlon of Lender,Trustee sha11 cause to ba reoordod,published and deliveted such notlees of default .
<br /> , and notices o}saie as may ihen be recrylred by law and by this Deed of Trust. Tnutee shall,only at the mrectlon o1 Lender and without demand on arantot.
<br /> j aftet such tirre as may ihen 6e roq�irod by law and afler recordatlon ot such notice of default and aftet noUce o1 sale having been given as required by law.
<br /> jsell tho P►opertY at the Urre and piaee o1 sale flxed by it in sueh notice of sals,either as whole or in separate lota or parceis or itertn as Lsnder sha11 dgem
<br /> � o�o dinnt,and in euch ordet as(1 may detarmine,at publie suction to ihe highest bidder tor eash in lawful rtnney ol the United States oavabte at the tlme o1
<br /> saie,or as otherwise may ihen 6e requlred by law. Trustee shall deliver to such pwchaser or purchasers ihereol its good and suNic(ent deed or deeds
<br /> J �n�lus�e proof ot the tnnhfuinass thereof. M�ype rcon.�uding itho�ut tlpmflati n�G mor.Trust e or lsnder,may purchassyat sueh sate.}Trustee rt�ay ' •
<br /> • � in the manner provlded by Iaw postpone sate o1 all or any portion ot tfie Prop�rty. �
<br /> c � 21. REQtlE9T FOH NOi10ES: Orentor requests ihat a copy o}any notioe ot dafau8 and a eopy ol any notics of sale hereunder be maiied to each person �
<br /> �,� who is a paAy hereto at thv address ol such porson set fonh herein et ihe sa►na timo and in the sarre manner re�ired as though a separate raquest thereot ;
<br /> � had been fited by each sueh person.
<br /> � � NEDOTC Qav297 Po-�e3ot6 - - . . . .
<br /> ,,:� .
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