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<br /> , (d) QrBntor has the rigM and ts duty suthorized ta exea�te and psKortn ita OG�iBaticns under this Deed of Trust and thase aeUons do not an�
<br /> < . ,i � shaii not eoRfiict with tha provlsions at arry statuse.re8utation.ordinanee,ruie of taw.corrtract ot other agreemern which may be•bindi�q on , . .',.- ',
<br /> .� Grarnor at enY Ums; , ,
<br /> � (e) No actlon or prooesd3ng ia or shall be pending or tn�eatened which might materiaiy affeet the Property:and ` �. . ,_
<br /> '.� .
<br /> � (f� Q►antor has not viatated and ehaii rtat vlotate anyr s�tute.regutatlon,ocdirtanca rute ot law.cornract o�ot�er agreemerrt pnduding,but not
<br /> lim'ded m.those goveming Herardous Matedeis)which migM matedal(y aNect the Property or LertdeP's rfght9 or interes[in the Pcoperry p�usua�t
<br /> �.. tn this Deed ot Trust of the Property except es set � . �
<br /> : '°�3.Pii[Odt OEEDS OF TRUST.Granto►repteSBtlts Atld wert8nb thffi the(8 Ste no pdOt d98ds ot trust 8ft8Ctttlg an5►P� , � r
<br /> ` .� s �torth on Scheduie B atffiched m this Deed ot Tn�t,whieh QraMor agrees to pay and pertorm in a Bmety manner. H tMere a�e any prtor deeds oi trust • . ' . -
<br /> � then Grantor e9rees to PaY al�emau"1�°N�.�d pertortn all abAgaBons ceqwred,under sud�deeds ot ttust end the indebtedness secured thereby .
<br /> � � � and turthet agtees thffi a defauR under any pHor deed of Uust shali tre a datauR undet this�aed of Trust and shsU ernitle Lendet to aIi dgMs and
<br /> , . � �remedies oontainad heratn or in the ObGgatlons m whieh Lender would be errtStled in the evertt ot a+ry other deTauit �.�B�
<br /> 0.TRANSFERS OF THE Pii0PER7Y OR BENEF[CIAL INiFAESTS IH�iRANTOAS OA BOAR4WER3. In tha event of a sa1e,canveYan
<br /> . � ti� �corttract tor dead or Uanster to any peraon of e11 or arry part of U►e real property described in Schedute A,or any irtterest tt►eretn,ar af a11 or arry ��
<br /> - - �;.� Eenefictai icnorest in 8orrower or C�tntor(if Bottower ar C�rarMOr is no!a naturai Person or Pers'°ns but is a corpotabon.limited liabitity eompmry. . . `. -
<br /> paAnership,bust.or other lega!erttity),Lender may,at its option,deciare the outstanding pdndpai balance of the Obiigallons ptus accrued iMetest � „
<br /> i thereon immediatey due and payabie.At Lender's request,Grentor or Bortower,as the case may be,shall tum[st�a complate sffitemeM setting forth � -.
<br /> . .� all af ita stodchotdais.members�or partr�ecs.as aPPropriffie�and tho extent of their raspectivve ownership trrtsrests. 't;:
<br /> c a
<br /> 5.ASSIGNIIlIENT OF HENTS. In constdetatix�af the Obligations wi:tch are seeured by th{a�ed at Tmst.Grantar absolutety assigns to Lender all �;<.�1., � :
<br /> � � ' Grantor's estate.riStrt.titte.iMerest.daim and dertts tor use d a�croupancy�of the utred in a11 sud�te9ases and agreemeMS whethepevrtitten ar or�al, `,.,._:,?_- �
<br /> - � exlensions,renewais and subteases).ali�qreem �0P8�( `::,
<br /> are hereafter referred to as the'Leasaa��and a11 guaranUes of tessees'performance under the Leasas.mgether wffh 1f►e immediate and wrtinuing c :.;
<br /> � �igM to ooltect and recenre all ot the rerds,income.re�dem�on perto��under B►�asea�o�r tmm oi artsing oyut of the Pco�p�.�n�deuetng�m nimium � -
<br /> , , • . arry ineome af arry matura eoming Qua during arry rttrt • . . _
<br /> reMs,addi�onal rerds.Percentage certts,Paztdng or wmmon area malrten n�co�uibuHo�o�ns�uradn�ewe�ring lussb at re�resultlng tsom , �` N.'
<br />"E � qquidffied damages foilowing detauK tn erry Lease,all ptoceede payable { '`. �_,;`
<br /> urnenartability eaussd by desuuctten or damage to the Property,afl proceeds payabte as a resuft o!a lessea s exercfse af an option m put�hase fhe � .
<br /> ' Prope�4y,�II proceeds der[ved trom the termfnatlon or reJectlon of arry Lease in a bankn+ptcy►or other tnaolvency proeeedinH.and sl�Proceeds fr°m , .- ;,.��-
<br /> • Po
<br /> arry d�hm an0 cia►m9 of any ktnd whfd�Grantor may have against any leasee under the Lease9 or eny oecupa�.s ot the PrapaRy(all of the abave are
<br /> herea�tar wl4ectively refertcd to as the'Renta�. Thia assignmertt is aubJeat to the�igM.D�T and authoriry g{ven to the lenQer w wllect and apDtY ` . --
<br />'� , the Ranb. This asatgnment Ia recorded In aeeordance wttt�ePpifaal�te stata ia�r:the Iien created by thls assignmeret is IntenQed to be speeltlo. .
<br /> , porieeted.and choate upon the cecordi�of thia�ed of Trust.alt as provided bY aQPlteabte slafe Iaw as ameaded trom ttme to tlma. As IanB as .. __�'
<br /> - • .� there Ia no dofeult under tAo ObtigaUons or tdl�Deed of Trust.Lender erartm Grentar e revocabie Ilaenso to aoltect all Renta from the Leases when
<br /> �a Qua end to uso suct�proceeds In(irantor`a business operaHana Flowevet,LenQer may at any tlme requlra Qtantor to Qeposit ell Renm into 8n .��'-��
<br /> ` ' � ac�unt matnmtneA by G�ntor or Lender at Lende�'e InetltWon. Upon detaNt In the paymoM of,or In the pectormanw af.any of the ObligaUOna, ': .:,'�,
<br /> � , t,ender may at ita opUon take�ssessmoAn o1ro�e�Pr�oPo�il�ect ar�d r oelv atl�rits��fr m the�preoPertf►.a�d�.enCer shail have iuii pawar to ma�tca —:��'-�`;�
<br /> • that Lendar daems p opor y p ��
<br /> altorations.renovaUOns,repeira or repiaeements to tthe Property as Lsnder may deem proper. lsnder ma appty all F�c�in Lsnder's sole di$creUan � ;f�
<br /> � . ' �• to payment of tha ObtlgaUona or to bhe payment of the oost of sueh altarattons.cenovaUons,repa►rs and rYeP�aP rtY��na e�►m e R6e���0p� . . . �f��
<br /> taldng and retaining possesston of the Proparry pedodicaily and the martagement and operaUon ot the Pro 8Y p rF,�
<br /> - � • . DropeAy�nsured and may dischar8e anY taxes.char9es�clalma.essessment9 and other Iiena which may exrue. The expenae and cast of these - . . ,� , <,���L
<br /> . actlons may be paid from tt�e Retrta recetved,and eny unpaid amaunts shali be added to the pdncipal of the Obqgetlona. thesa amoutna,tagether . -•�� -'-- �
<br /> `? vAth other wsts,shall become part of the Obiigattons secured by this Deed of Trust . �,�_
<br /> & tFA8E8 AND�il1ER AtiREEMEHTB. t3raMOr shail not take or fail to take any aetion which may e�us�nder's dor w8tten eonsent�ehail ° �'�s'
<br />:�� withhalding af any payment in conneallon wtth anyr lease peAaining to the Proparty. In addiUon,tirantor,without P '��=!°:''`��
<br /> mo Lease: (o)assign or altow a tlen,securky .•,;<,.,+;
<br /> ' ' no�(ay cot�ect aml montes payable undar arry Lease more than one mortth In advanoe:(b) dify►anY - . '';;.�.
<br /> �` � Interest or other encumbrance to be pteced upon QrantoPs dghts,titte and fnterest in and m eny Lease or the amounta payabie thereundar,or(� •��<<.�';
<br /> termtnate or oanoei any Lease except for the nonpayment of any sum or other mateAaf breach by the other party theceto• It(�anm�rece���►y �y;r.,�.�
<br /> � �me any w�itten communtcaUon asseNng a detauR by QraMOr under a Lease or purporting to tertninata or caneel anY L.ease.Qrar►t°r shail promptly ,
<br /> `.:i forward a copy of such commuNcatlon(and any subsequer►t communicaUon9 relaUng thereto)to lender. All such Leases and the amourtes due to '���r�
<br /> QrantorthereunCer are Aerebyassigned to Lender as add�ional securityforthe ObtlgaUona "��;,
<br /> � 7.CW.LECTIOS�OF INDEBTEDNESS FROM THiRD PAA'TY. Lender shetl be en�tled to notfty ar require(i►ar►tor to natBy anYthlyd PaitY Qnctuding, , �,
<br /> ,°� but not limitad to,tessees,Iicensees,govemmemal authoriUe9 and insurance companies)to pay Lender an tndebtedness or obligatton aw(ng to ,r,r` �^
<br /> .�;.,:�::.: .
<br /> , � � Qramor v�ith respect to the Property(oumutattvety'tnQebtedrress�whether or not a detauR exista under thfs ed of Trust. �3rantor shall diligertty► . ���.
<br /> cotted the tndebtednass owing to G r a n t or i rom t hese t h ir d p a rt i e s u n t t l t h e g i v i n g o f s u c h n o t i f icaUOn. tn the event that tira�tor po�s or ceaeivea
<br /> possesslon of any instrumer�or other remitmnces w(th respeat to Me lndobtednesa tollowing the givtng af such notfftcaUon or H the instrumerds or .+ :
<br /> � ] ather remittances constitute tt%a prepaymeM of any mdebtedness or the payment oi any��surancs or eondemna�on prooeeds,(3rantor shail hotd _ _ 11�
<br /> i, auch tnstruments and other Bm'ittances in bvse tor Lsnder apart trom its ather propeny,endorse the lnsuuments anct other remtttance9 to Lender, �";;: "'--�,�::;,_
<br /> ' ! and immediately provide Lender witn possassian of ths tnstrumerKS and other rem(ttanCea Lender shali be entltied,but not required,W colloct(by ��+::.� ' '�;�_
<br /> t : � legat proceedirtgs or othervvise),extond the tlme tor�aymem,compromise,exehange or release any obtl or or�flaferai,or othanrise saltla eny of 7 i "
<br /> the Indebtedness whathar or nat an Event of Oetau t exists under this Deed ot Trust Lender sfiall not Da tiable to QraMOr for any action,error, � y`'���
<br /> °� � mistake,omission or detay pertalNng to the acVons describad in this paragraph or any damages resulUng tharefrom. Notwithstsnding the toregoing, ;.:;�'9i : r:---
<br /> �:.rr:�,.�
<br /> nothing heroin ahail cause Lsnder to be deemed a mortgagee�in•possession. `` ' � � ''-
<br /> � & USE!WD MWH7ENANCE OF PR08EH'�1f. (�rantcr sha0 take aU acUons and maice any repaira needed to mam�i�the Property in good • � �. �
<br /> condiUon. Qrarnor shail not commft or permit any waste w be eommitted wtth respect to the Property. Qrantor shall use U�e PropeRy sotety In • �•��„
<br /> comptlanco with appflcabte law end insuranoe polictes. tirantor shati no!make any elterattona,addMiona ot improvemeMs to tha PropeRy without :�..�, .
<br /> Lender's prior uvritcen consenL Without iimiting the tocegoing,ali alteraUons,addiUons and impravements made to t�e Proparty shall de s.�Jace to
<br /> •;�� � �� the beneticial interest betonging to Lender,shali not be removad without LendeYs prtar mitten censent,and shati be made at QrantoPs sote expense. ;� , ,.
<br /> :;.; � g. LOSS OR OAMAGE Grantor shail bear the enUre dsk of any loss,theft,destruction or da.:age{cumutaUvaly'Loss ar Oamaga�to the Prope�ty or � •�;.: •�
<br /> �,:. , � arry portlon thereaf irom any cause vfiatsoever. In the event of any Loss or Oamage,G:�ntor shall,at the opUon of Le�er,repair the aNeeted . . ;
<br /> PropeRy to(ta prev(oua cond'nlon or pay or cause to be pald to Lender the daccease in the fair martcet vafue of the aftected PropeAy.
<br /> , 10. tNSUBANCE The Pcoperty wlll be kept Insured tor ita tull insurabte value(reptacement cost)againat ai1 hazards inctuding tosa or damaga
<br /> oaused by flood,eanhquake,tamado and fire,theR or other c�sualtyr to the axtent required by lsnder. (irantor may obmin inaurar�co on ths Property - --..
<br /> , • lrom such companies as aceeptabte to lendor In ita sole discretlon. The fnsurance policias shall requlre the insurance company to provlde , . . .
<br /> 1�;, Lender with et teast �� days written noUee betore such poNcles ara sitered or cancelted in any manner. fie insuranCe policles afiall �• ,� • .
<br /> name Lender as a tass payee and pravide that no act or omisslon of Grantor or any other person shall aHect the r1gM of Lender to be paia the •
<br /> insurance proceeds peRaning to the losa ar damage of the PropeAy. In the evern Qrentor faita to acquire or malrttain insuranee,Lender(after
<br /> ��>.• � providing noUee as may be requ(red by law)may In tta discreUon procure appropdate insuranca coverage upon the Proparty and the insurance cost ,.,
<br /> �;S ' ehali he an advance payable and bearing interest as described in Paragraph 23 and secured hereby. araMor shzl tumish Lender wtth evldence of
<br /> ` ; insuranca Indicating U;v requlred coverage. Lender may aM as attomeydn•fact tor Qrantor in making and settling ctaima under Insurance policles,
<br /> cancelling arry poliey or enQOrsing Qranwr's name on any Craft or negoUable instrument drawn by any insaret. All such tnsutance poliGea shall be .
<br /> Immedlately assigned,piedgad and detivered to lendar as turther security for the Obligatiana. In the eveM ot tos9,(irantor shail immediately giva ,
<br /> � Lender vuritten noUce and Lender is suthorized to make proW of loss. Eaoh inaurance company ia directed to make payments direeUy to Lender
<br /> ' instead of to Lender and t3rantor. Lender ahall heve the rlght,at its sole opUon,to appty sueh montes toward the Obligatione or toward the oost of •, .
<br /> rebuilding and restoring the Propsrty. Any amounts may at Lender's opUon be epplied in the Irnerse order ot the due dates thereo}.
<br /> �' 1 t. 20HlNO ANO PHNATE COVENANTS. Qrantor s�atl not iniUate or consent to any change in the zoning provislons or prlvete Covenants aitecting
<br /> ' i the uso of the Property without Lender's prlor written consent. M arantor's usa of the Praperty la or becomes a nonconforming use under any zoning •
<br /> provlsion,Grantar shatl not cause or permii auch use to be tlisoonUnued or abandaned without the prior writcon conaent ot Lender. (3rantor v�ftl ,
<br /> immedlataiy provlde I�nderwith written notice of any proposed changes to the=oning provisiona or prlvaLa cavonanta aifecting the Property. .
<br /> • � 12 COHCEMNATION. Q►antor shatl Immedlateiy provido lander with vrritten noUce ot any actuat or threatened oondemnadon or eminent domain
<br /> ' i praoeeding pertaining to the Property. Ail monles payabte to(irantor trom sach condemnation or taking are hereby asslgned to Lender and shatl6e .
<br /> ,`"' apptied flrst to tne payment ot Lender'e altomeys'tees. legal expansos and olher cosb pncluding appratsal feea) in connectton wfth the
<br /> �-"i . � condemnation or eminent domuin proceedings and then,at the option of Lender,to the paymeM ot the ObllgaUone or the restotaUon or repalr ot the
<br /> ,..t. � �ope�. ' . ,- '
<br /> 13. LHNDER'S RIOHT TO COMMENCE OA OEPElJD LEflA1 ACTlOA1S. Grantor shall immediateiy provlde Lender with written notice of any aetual
<br /> or threatened acUon,suit,or other praceading aHecting the Property. Grantor hereby appoints Lender as Its attarnay-In•fect to commence,intervene .
<br /> in,and detond such aetiona,suita,or other legai proceedings end to compromise or settie eny ctalm or wnuoveray pertalning thereto. Lender ehali
<br /> h paragraph or amr damagos �
<br /> � not be ilable to�rantor tor any acdon,error,mistake,omission or delay pertaining to the actlons described In t Is .
<br /> ' resuiting therehom. Nothing confalned herein wiil prevent Lender from taking the actlons deseribed in thla paragraph in ite own name. � .
<br /> " ' 14. INDEMNIFtCATIOH. Lender shall not assume or be responsfble for the peAormance ot any o10►antor's obOgaUon9 with respect to the Property �
<br /> under any cireumstances. �rantor shall immediffiety provide Lender with written noUoe o1 and indemnHyr and hotd Lender and Its shareholdera, � .
<br /> directora,o�cers,employees and agents harmtess hom all ct�lms,damagas.IiabilNles pncluding attompys'tees and legal e�,cpenses),causes of .
<br /> action.actions,suits ar.d other Iegal proceedings(cumutatively'Clalms")pertalning to the Property(including,lud not limited to,those imolving ,
<br /> � Hazardous Materials). Grantor,upon the request of Lender,shall hire Iegai counsal to defend Lender lrom such Ge1ms,and pay the attomeys'fees.
<br /> ' �� legal expenses and other�incurred ln connection therewith. In the alternaUve.Lendet shall be emitted to ompioy its own legal counset to defentl
<br /> such Gaims at G►antor'9 Cost• Grantor's ob�IgaUOn to mdemnify Lender unJet ti'�is peragraph sttat!sutttiuC lttg termia3llon,retease o�fo��osure o} _ _.__. ., ,�_.
<br /> ' this Oeed of Trost. ����
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