|
_ - � . . _ . -�,��:
<br /> _ . . � ..:
<br /> �•_ . _ � •a:,..�..s��..._ � :..,__:f„r. �._ .,�-� >txr-��
<br /> ___ _.� . . _ . ._-i� -
<br /> ---�---- — - - — -- . -- -• - -- - -
<br /> � . .. -, z------- .
<br /> , 4 -�,. ...,; , . . . . . , . t � �p -ti �`I�-�°� `.`t tr � �.3�-
<br /> . , -' _ -_. -_�.� . . . � .- : " -' •�---- ... ._..� . , ... ...._..�_
<br /> �
<br /> .
<br /> - .-- - -. _ �..�......�� - _.�..._. '.t°_.__.a_.�.._. . :� `"'
<br /> ' .- i .. �`' . __ u.�+�...r...`......_.....- - -�,.. `C' i�
<br /> � . , DE�OF TRUST Page 4 � . �-.
<br /> � � _ 01-t4-7998 (Co�s�nued) /�$— �1���� �4
<br /> � ` , loan No 612598 .7 �
<br /> : •
<br /> . . — With LBndH CBSR Or a SU1fiC18tlf COtQ0i8lB SIlfBTy bOtid Of OlhB�58CUflly 58L518G[Ory cu�enanr. , ... . ,. ' .
<br /> �" � Liens sedton asd QeAasils merd are a part ot �• ._.: , �'� .` .
<br /> -r _ . �.. g�ClfAtiY AGROe�L°1H�1T:FlNAAiCIHG STATEMENT�.The foltowing ptw�sioru reta6ng to lhis Deed ot Tnis1 as 8 s�it1►a9� •�. ' .,.. ` -. .
<br /> - � - thLs D88d of Tnut. � �-.
<br /> � `� SeetuttY Agrec3m�nL Thts i�trume�A shall cons6tute a securitfr a�edamerA to the e�dent anY af the ProAe�Y car�stihltes fufivas m ath� ,
<br /> • ' perspnat property.and Lender shaU have ao ot the dgt�ot a seaned PaitY unQ�ths ilnitorm Commardal Code as amandad from time ta .
<br /> Ut1t9.
<br /> ` ' � SeCUAty Ir�. UDon teqaes!by Lem�r.Tnt�Ct shsU ezecuta 6nandng stetemert��8�oe to��this�Deed�of TNSId U�� - .
<br /> ' � �� 9 to pertect ettd eorAlRUe Lead�s seauilS/tr�re6t in!he Re�s and Personsl FropeAy- A- . `••�f . •
<br />;'�` ` ,_�.4 ' p���y��,Lendar may.e t enf►Ume a n d w U h o t d U a M e r a u t h o r i�t t o n i r a m Trustm.fife m�d courtte�Da.ris.eoPles or reprodueNons ot _,.4 ;
<br /> _ _„""• thts Deed of Tn�st as a finandng statemenL Tr�tor shaU retmdurseinea manner and ffi8 pa taee�re�asonabty�nier�t to Trwtor end� � �
<br /> . n_.�` interesL lJyon de[aulf.Tmstor shaU essembte tfie Fersonal PraAerty -_ ... .
<br /> - - �-_--- � and make N avalialste to Lendar vMtila tAres(9)days aRer recetPt ot vrtitten demand irom Lender. _ ` `
<br /> - v r .' A6dregses. TAe maifin9 addtesses ot Tnutor(debtor)and Lendar(sacured Partyb�m wNeh iniortnation eonosmtng the seanity tr�tsres! �' <
<br /> �_. � .�, ��by tNs Oeed ot Trust maY be obtained(each es requmed by the Unitorm Commerdal Cade),ere as sffited on the first page af tAis Oeed
<br /> � af Ttusl. �a���
<br />-.-_ . ' � q1RT11"�R ASSUAASICES:ATTORHEY-iN-FACL The totiawrfng provisfons relaling to turttrer asstuanoes art�attomey-itt-fact . _ .
<br /> � � . Deed of Tn�st. ` _
<br /> ~ �q1et qe�trances, pt any dme,an0 hom time to time,upon reqaest ot Lender.TnLtor wID make.�ecu�e and d9fve�•or���m 69 . �_
<br /> �• - mede.executad or de6vered,to Leader a to Lendets d�ignee,and when�equested by Lender,cause to be fited,recorded.�e5►ed,or -
<br /> rereeorded.as ihe case may be,at sucA tirt�es and in such ofttces and piaoes as lender may desm aDD�P�.e^Y e�d aU sncA mongaBes. ,
<br /> . deeds ot trusl.sacur(ry deeQS.secur(ry a�eemerNs,flnancing statemer�.cor�6nua8on statements.ir�strumsrtla of further ass�uenoB.certi8cates. ,
<br /> ` and other documerrts es may.in the sote optrdon of Lender.be aeo�sery or desirebte in arder to eftectuate,comDiete.perfe�.co�^�.or _
<br /> - ` f'°;,,-; preserve (a)Me oEligations of Tnutor under tAe Note,this Deed ot Trusl,and the Releted Documents.aad (D)the Iier�and securitll�nier�s , __ _
<br /> '. ` ,t. I�aw or abgreed o�e onirsty by Le�er�n writi g T trustor s�t�ali�reimbeurse l.ender to ea cosls an4 exPenses yneutred tn connec8p on with ihe ; _ —
<br /> f mattms referred to tn thLs paragraph• � '� • : z�
<br /> � � h Lender may Go so far and tn the name ot -...�,:�.• �. -
<br />- • . ' pttamayan-Feet. If Trustor ta7s to do any of toses,Tn�istor hereby'mevocabtyr eDDofnfs�len�der as Twtors uttomey-in-far•t!or tlre puryase � —
<br /> .. Tnt�lor and a f T n i s t o�s exPense. Far sueN p u r p .
<br /> .. .. _�:-: af maktng.ezewGn9.Qelivsring,fiting,recading.and doing ail oU�er things es may be necessary or deshabte.in L en d e rs s o t e o pfnEcn.fo ��: ;,',-�
<br /> � - accompftsh the matte�s�eferred to in the preceding paragraph- ,• � �,_
<br /> _. �
<br /> ... FULL PE6iFOqMAHCE. It Trusiar Pays atl the indebtednass when Qua and atherwLSS Psrfartns aU the ob4gatlons(mposed uAoa Tn�tor under tids •:`��_
<br /> � Oeed of Trust,Lender shaU moecute and det(ver ta Tnstee a request for fuU recomreYance and shaU e�mcu�e and dePiver to Tnutat suiffibiB . �:,�.:,,._
<br /> `' �yrqnce tea repuhed bY law shall be P�������pemiitfed bY eFp�te(aw.�Irderest in the Rents and the Personal P�oDerh►• Arif► E `" -
<br /> .. l � � ,.
<br /> .,� �i�
<br /> ` �- . ,. .. ,+,� OEFAILT. EacA of the foQotMn9.at the oD�on at Lender.shatt cor�stttute an event of default lfvent af Default�under this Deed ot Tnts� �, �,
<br /> � OefaWf on Indetitedness. Faiture at Tn�stor to metcs eny paymeM when due on tha tndebtedness. �:=,�LL
<br /> OCfault on Cther PaymeMa FaHure ot Tnistor within tAe tlme re9uired by thts Oee�ot Tn�t to masce anY DgYment tor t�s or ins�aanca or '"�'.•��.'�_�
<br /> � . arry other payment necessary to preverd fian8 01 or to eftect dtscAarge ot arry den. ` �-
<br /> '�i?=��
<br /> r��� Comptl8nee OefBidi. Fai►ure of TrusMr to comply wflA arry other term,obGgaUOn,covenant or cona'tli on cordained In this Desd of Tmst,tha i
<br /> � � Nate or in any af the Related Oocuments. �;�,;�''-
<br /> ' ' False Sletements. Any warcanty,reDresenfatlon or statement made ar tumished to Lender by or on beha►t of Trustor under this Deed of Trust, _
<br /> � ' the Ncte ar the Related Dacuments is false or misteading in any material resyect.eilher now or at the 6me made or tumished. . ;.��:
<br /> � Oefeetive Coliateraflmtton. This Oeed of Tnrs1 or arry of the Related Oacumec�ta ce�es to bs in futl torce end effecl Qnduding tai►ure ol enY ..�_
<br /> - - � � collateret Qocume+ds to create a vafid and perfeeted securtty tnterest or Aen)at any Ume and tor any reason. �_ -.
<br /> • �•� i�.�' .
<br /> Qeatt�or(tasoNenry. The deatA of 7rustor,the insotvency of Trustrn,the appolntment of a recetver tcr 8ny paA ot Trusto�'s prope�ty►�enY .. �,;��
<br /> � assignment for the Oenefit of aeditors,any tyAe ot txeditor workoul,ar ihe commenceme� ot eny praeeoding under any bantwptcy or : ;; �:_
<br /> i�uolvency laws by or against Trustor. `�
<br /> .E_
<br /> ' Foreetpsure,Fottetture,etC. Commencemenf oi toredosure or tor[efture proceedings.whethor by judic(al Droceedie8.selt hetV•repos�lan �,_:
<br /> or any other methad,by any cre�tor cf Tnistor ar by eny gavemmerrtal agenay against any ot the PropeAy.However,ihis subsectlon shaD not ,.,
<br /> appty In th9 event of e good faith dispute by Trustor as to the veUQity or reasonableness of the delm wAkh ts the b851s oT ttie[OraCl0su�9 Or : •-
<br /> forefeiture praceedin9.Provlde0 that Trustor gives Lender wdtten naUce of such ctalm and Iumish�resenres or a surety bond tor th0 deim �_`_
<br /> _ • satistactory to LenCer. '' ��
<br /> '_. �, • ' Bteach of Other Agreement. Any breaeh by Trustor under the terms ot any other a�eement batween Tn�ta end Lender that b not remedfed .�.,.
<br /> - �- `� � within any grace period provMed ttiereln,including without Ilmitadan any agreement cancemi�q any inCebtedness ar other obGgaUon of Trustor ;;�
<br /> � - to tsrWer,whether epsring now or tater. _ _
<br /> Evems Attecung Guarantor. My ot the preceding events.occurs witA respecl to any Ouarantar of any oi the indebfedness or enY Quar9r�tor
<br /> "� ' ' di�or becomes incompetem.or revokes w disputes tha valfOitY of.or Oabi�ty under.any Quaranty o}the Inpebtednes9. Lender,at ib opllon,
<br /> . � • . - mannersallsfactoryto�n0e�e d���egso.curett�eEvento OefaNt�.ume uncondiUonatry the obOgattons arlsing under the guaranty In a , .;
<br /> :;+:'
<br /> :f{; . � In58CUdty. Lendet in gaod fa(th Qeems itself insecure. '
<br /> � RigM to�re. If such e tatiure is curable and il Trustor has not be�n glven a notice ot a breach ot the seme provision of this Deed o1 Trust • . , t1=:
<br /> - wilhin the preceding twetve(1�months,B may be cured(and no EverA of Oefautt wiU ewroCC�����o���O��a��mmed�la ety • �: �',: '
<br /> � nollce demanding cura of such failure: (e)cute9lhe faiture wHhln ten(10)days;or (b) •
<br /> �� � Initiates steps suNlclent to cure the faiture and thereaftet eon t lnues an d c o m p l et e s a A reasonabla and necessary steps suffident to proEuce ,
<br /> � compllance as soon as reasonabty D►actical. . '
<br /> ,��,: • • RtOHTB AND REMEDlES ON OEFAIB.T. Upon the occurcence ot any Event of 0efault an0 at any tlma thereafler,Truste0 or lendet,at its opUon.
<br /> • � may exerclse any one or more ot the totlowing Agnts and remedies.in addition to any olher dghts or�emedies provlded by law:
<br /> Accetertrtlon upon Del8u11;AQditlonal pemedles. it any evenf of detaull occurs as pe►1he terms ot tha Hote secured hareby,Lender may
<br /> • dedare aU tn0ebtedness secured by this Oeed ol Trust to be due and payabte ond the same shail thereupon become Que and payabta vA1hoN • �
<br /> ' . any presentmem,demand,protesf or nollce of any kind. Thereafter.Lender may: .
<br /> � (a) Either in person or by agent,with or wRhout bdnging any ac�on or proceeding,or by e receiver appointe0 by e court flnd wilhoul •
<br /> regard to the adequscy of its secudty,enter upon and talce possess�on of the PropeRy,or any paA tAereof,in i�own name ar in the name -
<br /> ot Trustee,and do any acts vfileA it deams necessary or desirabte to preserve the vatu9,marhetabiiity or rentability of the PropeRy,or part .
<br /> ot tho Property or interesf in the Property:inaease the income hom the Proyerty or protect the security of ihe Property;and,with o►wfihoN .
<br /> ` teking possesslon of the Property,sue for or otherwise collee!ihe rents,Issues and profib of the Properly,inctuding ihose pest due and •
<br /> ' unpalG,and BDpry ihe same,fess costs and expenses ot operadon and cotlettion,induding attomeys feas,to eny indebtedn�s secured
<br /> by Ihls Oeed ot Trust,aU i�such order as lsnder may determine. The entedng upon and teking possession o}the Properly,the ColleeHon
<br /> ot sueh renb,rssues and profits,and the appucaUOn thereot shatl not cwe a waivA any detauN or noUoe o1 defaNt undet thls Oeed of Trust .
<br />-� `� ' .'� f or invalidate any act dane in response to such defauli or pu�suant to such notice of detaufh,and,notwithstanding the cor�tnuan�e tn :
<br /> ..��_. � possession of ihe Properfy or ihe cotlecUOn.recelpt and applicaUOn o1 rents,Issues or profits, Tmstee ot Lender Shall be enUtted to
<br /> . . 1 exerclse every dght provided for in the Note or the Reiated OoCUments a by law upon the octurrence of any event of defaull,InGudinp the
<br /> � i dghf to exerCise ihe powar of Sate: �
<br /> �� ;� (b) Commence an acUOn ro toreclose th:s Deed of Trust as a mOrtgage,appolnt a recelver or Specifically entarce any o1 the covenants
<br /> , hereof:and ' .
<br /> � '' (c) Oeiiver to Trustee a written declaratlon of detault and demsnd for sate end a writtsn nalice ot delautl anC eiection to Cause Trustor'S • •
<br /> interest in the PropeAy to be satd.which notiee Trustee shalt cause to be duty filed fc. record In the appropriate otfloes of the County in .
<br /> • � � which the Property is IocateC:end �
<br /> , •� . � '.
<br /> ,}., � ' ;�
<br /> . .1"":�iw4 .
<br /> ' _ _ .. .:3.2i �'/4.(- s �y.•;LLvYa1M��Mt
<br /> _ • .. .. . �_ _ . ...._ .,�_ •. a... . ' _� �•� - .. � _. I ... . . .. .. .1".1-• _.__e....._ .. ... L _Z��..s _ . s...•. 1. iJ:�'_�1.�._� _. _ .._. . .. , ���..�. �.��..• _...
<br />
|