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<br /> . �' �� DEED OF TgtU�T Rsgs 4 x�`�" °�`
<br /> . .� ot-12-9998 �co�unuea� ���$�� ° ` •
<br /> �oan Cdo 628T35 `°`
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<br /> '. pCidp�lIRUATtO�i.The foVowta9 DroNstans�e.at�to aondemrmtton proceedin�are e P�ot thb Oeed of Tnist. • .. ': ,
<br /> . `� • . •�: AppIIe�tan of Net P�6eEda. It all ar a�ry P�of the ProAartY is eondsmned by emtnard domeln Proaea�n9s�bY enY D��9� . .� c=.:. , ;
<br /> ' p�hase!n Usu of ecnQemn�ion.Lendet msY at fb ete�iioThe n�proaee�a!fl►�e ward ahaD tnean t o award eflsr QaY��e�Dpreasot�tbte . • ;.�`..�
<br /> tndabtedness m tha�eDat►ar cesb�e8on ot the ProD�Y• ; •
<br /> ' easb,expenses.and aif o rt►�t�s incurted by Trustea ar Lender in connec�ion wffh tAa condemna�on. F . .
<br /> ' . �i�e�nsp, If any praces�in cundamna�on is 6ted Tn�ar stiat!OromPBf►na5ty►Lender in wrtltn8.8nd Tiostat SdaD promD4Y t9ke sueh :`�.''
<br /> to detend ihe ac8on and obtatn the aweud. Tncs�ar may be the rtortdnal paRY In such proc�dfn9.but Lender sha7 '_ '�..�; �
<br /> se�s es R+ay�R�n '
<br /> <., • be er�d to D�dAats In the Draceedtn9 and to 6e�eAr�enTed In tha D��+9�Y cotmsel ot iis oxm cha�Ce.end Tnutor wID QeTiver� ,
<br /> - � cat�se to be de5tir�sd to tsader such(nstrumeu�as may be reQttested bY�Erom ttme to Bms to perm[t such pa�P�o�- ,� .
<br /> • ' l�l�OSITi�1 OF TAI�S.PEES Af�ID CtiA�GES BY GOYERPiMEtrTAL AU'THOAITIES. The t o Q O w ing pra v�f o n s�a f t n g t o g o v e m m ar�l� , ,
<br /> ` � tees 8nd cheBes ere e psrt of thLS 088d of Tnuk ---
<br /> 1 _ - Currertt S�a3.GBaa&ttd t�tar�. �1Ao��eQue�by Lender.TntStor sheD o�cecute such doatmsrAs in fld�tlon fi ttds Dsed of Tntst and�ake — y
<br /> `. � whatever othet et�[on ts toquest5d by lender to perfecf end cardtnue Lendefs�en on ttra Reai PtoPerhr. =rustor shall tsSmbtase l�mder(ar al!
<br /> - . ° � taxes,es dssaibed E�ow.UoSether with aU�er�ses irteurted in re�n8.Pe�9 tNsD d�otTnut. e9d of Tn�st.induding wHhout 'r .i
<br /> � fimRaUon el1 ta�s.tmss.dowme�rY s�mDs.and other ctiarges for�n9��8�� � . .
<br /> � 7m�es. The tauawing shaU canstitute taxes tn whieh Uiis sec6on ePD�es: (a)B syeei6C 1�uDon Ws type of Deed ot Tnist or uDon eD or any . . .
<br /> � part of the InQebtedr�ss seaued Gy U�s Desd o!Tms$ (b)a 58edBc tes on Trtstor which T�tar is anthndmd vr requVed to deQucl(rom
<br /> f � ` - t�he holder of the�NoLe;Band�(�spedfic tax on e11�Y P�of tRe I�ndeDisdness or on pafmie�ds ot P�a���martde by � _ � ; .
<br /> .. TnistCt. � .,�.�,"` `
<br /> <..
<br /> � gupsequert Tmcea. R enY t�c ta whicA tlds section eDDlles Is enacted subse4uecd to the date of thLs Oeed ct Tn�st,thts event stmll have tt�e .. �,� -_: .._ .
<br /> or eA o!tls BvaAab►e remedies for an EverR af 08fauli as ,F,�.,.:__
<br />�. . �-.� same eNect ss an Event ot Deta�dt(as deBned betow).and Lender maY e�cerdse e�Y : •
<br />^'i � ' ' 's provtded befovr untess Tn�stor�h� (a)PaYs the tex betore R becomes deMquenl.or (b)co�the t�c as provided ebov9ln the Ta�8nd �,_�
<br /> to lender. �:,.��;;.-
<br /> ,. � _=::`� Liens section snd Qepa"�ts wtth Lender cash or a suftldent corporate suretY bond or othet s�ty/sa�sfactory ��a�of . `•
<br /> SECURITY AGHEEldENT:FINAGiGNti STATEM�tiTS.The toilowing provisior�s retaUng to tNs Dead ot Tnist as a securib a�rt� `"-.�c.r:
<br /> TEM �' -
<br /> ', . this Oeed of TrusL � �p�yq�fhRUtes Or othet � �� �
<br /> r . SeauiN A�r+aM. Thls inshument sha0 cortstitute a 5ecuritY ag�ment to tha e�Gec#enY of the P�'aD�7►
<br /> � . . .. �nat prnpedy.and Lendsr shail t�ave aU of the dghts of e secured PaitY under the Urdtoras Commeretal Code as amended trom�me tq � f� x � �
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<br /> _ • . . :.� Seturity Interest. lJpo�request by Lender.Tmstor st�aH exe�vte fir+endng sffitemerds�ad�Uon�ding thts��eed�d b�e� . . : ;.�,,
<br /> �_�; to pertect and cor�tnae Lenders securHY irderest in the Rems and Personal ProD�Y•
<br /> . propedy records,Lender may,at enY tlme and without turthar authoriatton Uom Tnstor,file executed courderpasts.coDl�ar feDroduc6ans ot - �.;�--
<br /> this Desd ot Tn�!es a ftnendng statemsnt Trustor shall ceimburse Lender tor afl expertses�ncurred�°Pe�ac�9���nuing tht5 sec1trftfr '�
<br />- <; iMerest. Upon defa�ll.Tnutor shaD assemble the Personat PropeAy in a manner and at a ptace reasonabty eomreNent to Trwtor anC Lendsr .. .�'ti::;;-�,;_.
<br /> ' . ' and make ft avaRabte to Lender withM three(3)days afGer teoefPt of v�rtitten damand from Lender. . �a ;_,.,=-
<br /> .l pQQresses„ Tho maiQng addresses o1 Trustor(debtor)and Lender(secured party?,from wMct►mformation eonoerniag the seauritY in'�f ��
<br /> ,' � l grartted by ihis Desd of Tntst may be obtelned teach as reQuhed by the Untiorm Commercial C�de),ere as sleted crt the fbst DaSe of this D�ed • �:_f -�;
<br /> ',;[f of Tnist. � --
<br /> � FUATHER ASSl1FiAHCES:ATTOANEY-IN-FACT. The following provisions retaUng to tuRher assuranees and attomey-indact are a paA of iNs h. �::
<br /> .:; . • .. � Deed of Tnisl. ' � �'
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<br />' � �. Further As�urencos. At any Ome.and from Ume ro tlrtre.uDon request of Len6sr.Trusta wul matce.execute and QeUver.or w�cause to be , —
<br /> made,executed or detiverod,to Lender pr to Lenders designee.and when requested by Lendar,caus9 to be hled.recarded,cefited.or .;._=�--.r
<br /> da �„-,--_
<br /> '� ' rereeorded,as ihe eass maY be,gt 5ucb tlmea and�n such oftiees and ptaces es I.ender may deem appraprlate.any end all such maAgagss� �r w�.
<br /> :'�y : deeds o!trusl.security dsads.sec�rtty egreemenL9,flnanciag stetemenb.contlnuatlon statemeMs.�nstrumerds of fuAher asstuanoe.cec�fic�. , ;.-�,
<br /> ena othe�documenls as maY.ln tha SotB opinton ot lender,b9 neoessary a desimbt9 in order ta eNectttate.comOte�e.pe�t�.co��.� _
<br /> a��• � - preserve (e)tt�e oblfgedOns ot Trustar undet Ihe[Qote.iNS Q88d oi TNSt,and the Retatod Oacumenb.and (b)tho�ons and secudty Ut�r�b _A
<br /> . -',,� tt� 8etl . ..Y
<br /> ' create0 by lhis Oeed oi Tnist on Me P�roperty,whelher aow ownsd or�ereafter aCquired by Tn�stor. Untess proh(btted by taw ar egnaad to th9 . .;iKv
<br /> eantrary by LenQer In vrt(Qag,Trustor sha11 reimburse len Qar tar a l l c o s b a n d e�enses Incurted in conrteotion with the mattars referted to tn ':.��_.
<br /> ' t�is paragraph. .�::�c:
<br /> � � :,�,� Attomey-tn-FeN. It Trustor teits to Qo any of tt�e things reterced to In the preceding pa►agraph.lender may do so for and tn the name ot '�s'.
<br /> Tnistcr and at Tn�stars e�ense. Far such purpos9s.T�usta heceby irtevocabty aODoints Lender as Tnistafa ettomey-irr(aCt tar the purpose
<br /> ` � �'.i of m�ng,execuHng,defivedng,Mng,recording,and Eotng all oth¢r things as maY be neoessery or deslrab�e.in tsnQers sote oplNon,to •s--
<br /> � • .. � accompilsh the matters wferrea to tn the D��ding par8graph. , . �,��
<br /> FIAI,pERFOAMA�tCE. Q Vustor pays ail tha tnQebteQness when due,term(natos th0��e of aedt,an0 otherwkse Dedcrms e�1he obtlgaUons � .'.•
<br /> � . . imposed u0on Tnutor undar tAis Oeetl of T�n�i. on ol an fl�e statemen�l oo e�e�ng��Lon�defs securlty tn�n�an0 he Ror�b 0 Ne .'-�' , �_
<br /> deltver to Tnutor suitabte sffitemerds ot to �tl Y
<br /> ��. � � Personal Property. 11ny reconveYa�oe�ee required by taw shail be pald bY Trustor.H�permttted bY appQcBbta taw. •, -
<br /> �{:; •a i OEFAtB.T. EBCh of the toitowing,at the oD�on of Lender.stia0 constltute an event of defautt('�venl pf OsfeuiP)under this OeeO o}Trus� : .
<br /> ' , Oefault on InAebtedness. Failure of Tnistor to meke eny payment when due on the tndebtedness.
<br />. .'`' � ' . : . � 08feult an Other Ptryments. Failure of Trustor within the tlme requlred by lhis Deed o1 TnW to make any payment tar texes o►insurance.or
<br /> any other payment necessary t�prevent filing of w to eftect dischar�g9 of any lien.
<br /> Cataulf In Favor of ThhO PaNes. ShoNd Bonower or any Trustor QefaNt under any loan,extenston ot credil,securih►e9reemen�purchasa�u
<br /> ". � � selas 8greemenl.or 8rry other agreemenf,ime Loa 9'or p rfartn hetlrtrespeCUve obllgado 9yu der fhb 088�e0�ot Ttust oor any ot the RB 8ted • .. ". �
<br /> ' 8orrowe/s or 8ny Trostor'S 8bility to rep8y � .
<br /> Oocumenb. .
<br /> . . Compltance Qefautt. Faiture ot Trustor to compty with any other term,obugaUan,covenant or condiUon conTalned in Mis Deea ot Trust,the
<br /> t Note or in arry of 1be Retaled Oocuments. • �
<br /> ' ' ' ' � Fatse 8tatements. Any warranry,reprasentatlon or statement made or Iumist�ed to lender by or on bohaN ot TruStor under this Deed Ot Trust, . ,
<br /> � the Note or the Relate0 Documents 1s falss or mislaading in eny material res00c1,either now or at the Bme mada or tumisfied.
<br /> � OefecUve Cottaterailmtton. Thls Oeed o}trusl or any ot the Reiated Documenb ceases to be In f W torce e n d e H e c t p n c l u Q i n g f a li u re of an y •
<br /> � cdtateral documenb to creffia a vattd and perfected security Interest or tien)at any Hme end for any reason.
<br /> i Oeatb O:lasofveney. The death ot Trustor or t�e Qissolutlon or terminaUon of Trustors exl5tence as 8 going business,the insoNency of :
<br /> � Trustor,ifie appolntmenl of e rece►ver tor any parl of Trustor's property,any asslgnment tor tha benefit o4 creditors,any type of credtor wakoN.
<br /> . � or lhe commencement ol eny procae0ing under any 6ankruptcy or Insoivency taws by or 8gainst Trustor. • _
<br /> Foreetoaure,Fortelture,etc. Commencement of torectosure or toAeiture proceedings,whet�er by Judidal proceeding.sett-t�etp.repossesslon . .
<br /> or 8ny other method.by any Creditor of Trustor or by any govammentel agency agalnsl8ny oi th9 PropeRy. However,this Subs6cUon shall nol
<br /> � � appty In the event of A good laith dispute by Trustor as to the velidity or reasonabieness o}the Clalm whiCh Is 1he basis o11hs toreclasure or
<br /> �'�+� toreteiture proceeding,provlded that Trustor glves Lender wrltten no8cs ot such ctalm end tumishes reserves or a surety bond for fhe clalm .
<br /> . _ � Se�SiflCtOry t9 Lendef.
<br /> • Breaeh oi Othe►Agteemen� Any breach by Trustor under the terms of any other agreement between Trustor and Lsnder that Ls not remedled �
<br /> w(thin any grace period pravlded thereln,Including wllhoulllmitaUon any agreoment concarning any Indebtedness or other obiigation ol Tn�tor �
<br /> to Lender,whethat exlsUng now or tater.
<br /> � Events AHeeUng Gluerantar. Any o1 the preceding events occurs with respect to any Guerentor of art}►of the InQebtedness or 8rry Ouarentor
<br /> . dtes or becomes inccmpetent,or revokes or disputes the vallditSt o},or 11abiGty unQer,any Guaranty of tha In6ebteQness. LenQer,at Hs ay:on, .
<br /> may, but shail not bo required to,08���ihe Ouarantor's estate to essume unCOnditlonalty the o68gations arising under thg guaranty In a ,
<br /> ' �� manner satisfactory to lender,and,in daing so,cure the Event of Defeult. � - •
<br /> , � � AGvcrsS Ctiango. A ma!erial ndverse chan�e occurs m Trustor's flnanclal conddion, or Lender believ� the pro5yDC1 of peymenl o► ; �
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