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<br />. • ' • r��I �I�Bnd assessmertts retating to tAe Propertl►'�en due and Immediateiy provide Lender � : _. -
<br /> e-tweihh 1 12)of the esUmated armuai �
<br /> , . 15. TA�S AHD ASSESSMENTS. f�anto PaY �h lender each mor►th on ( / � . � -
<br /> ���m p�eM o}�ma. Upon the�equest ot Lander.Cve�mr shat�ce����ere is no defautt,these emounts sfiaU be apPtied to the paymeM . .
<br /> - S 1���r�s p�emtum.taxes and e�mArrm Pettaining to the Propectyt• . � .,
<br /> � of taxes,as�ssmerts and insuranw as tequired on ttte Froperly. in the evetR oF detautt,Lendet shall hava theRe� r�eu�e e�ord�er�at the dueYdate �
<br /> the Obtigabona AnY tunds BPP�ied may,at Lsnder's aption.be apA � �•. % � .` `: �
<br /> ` tund9 so hetd to psy anY t�xee or agairtst ' E . ,
<br /> - " �� �� thereot. r sha11 allow�ender or its ager�ts to examine and inspeet the F�
<br /> ` tfx. lN3PEC71081 OF P€tOPERiY,BOOICS.RECORDS AND REPOATS. tiranm `
<br /> , � PtoPertY and exam ine.insp e c t end make co pies �I of ths 8 ffiures and intorm�on co r�n e d in�GrarKor's books a�nd rerArds sphali be�
<br /> any ass(star►ce n3cluired by Lender tor these purP shall nate the existenee ot tenders benefidai iMerest in its books and records� � . ,
<br /> '. r genuine.we.accutate and�omplete in atl cespects. Grantor ��nder,such iMormatior�as i.ender may request regardin �r, E ,
<br /> pertalMng to the PmDe�ff. Additionaity.Grantor shalt rePort,in a torm satisfactory
<br /> � � Ps ffnanctal condition or the PmAeRfl. The iMartnation shali be�tumished by G or�ta Lender sha�il6e vue,accurate and oomplate in al°, � �, F � ., ..
<br /> re�de d with such irequency as Lender msy desi9nate. All iMomnaS .
<br /> �Q���g��d yy(iranWr ff lender reque�s. ,
<br /> � 97. ESTOPPEL CE9T1FtCA7'�. Wrthln ten(70)Qays after anY�etluest by Lender.Graritor shall deUver to Lender,or any Imm�ded transtetee
<br /> ` �yg n a the outstanding baiance on the Obligations;an
<br /> _r __ -�=_; lendsr's dgMs wcth�spec!to tha 0biigations.a si9ned end admowtedged stateme�speatyi 9() : - --- •
<br /> - • � � (b)whether Gramor Possassas anY etalma defar►sas,setaHs ar eounterciain►a wRh respect tD the Obtigations end.if so.the nature of such daims� _ .
<br /> , detenses.seAOfts o��urtte�evant th�Grarttot�fa8iis�tn provid�e theure4ueysted s�emetit�tn a tl ly manner.�make to the intended transferea vriU}�
<br /> respecimthase
<br /> , 18. EVENTS OF DEFAULT.M Event of QetauR sha11 oear undet this Oeed of Trust and the Trustee's power shall hecome aperative in the event that . ' (...'
<br /> � GraMOr,Bottawar or ar►y guaiantor of the Obligatlon� . •
<br /> � . (a)taits to paY a�ry Oh i ig ffi ion t o l e n d e r w h e n d u s: , . - ---_'.
<br /> (b)taiis to pertorm arry Obttgat[on or bteaches any wazrarrtf►or covenartt t°Lendes°o�ed tn this Dee d o f T n u t o r a r ry o t h e r p r e s�rt t o r f u t u re .
<br /> • agreamern:
<br />_ , • , (c)desvays,luses c�dam�4e��►e P4raperty tn any material raspect ot subjects the Property to sein+re,oonflscat[on,or eonQemnation: --
<br /> � . (d) sae►ss tp revoke.terminate or o4hervuisa limi!ib liabtiity under acty guaraetfl m�nder.
<br /> � (e) dies,b3cames tagally ineompetent�ta dlsaolved or terminated�beeomes�h enr invatuntarll patition n bankreubPtcYfited in whtch Q i tnr. . ._ .
<br /> . pay debts as they become due,fiies a petttion urtder the federal bantm+ptcp '• --
<br /> • Borrower or any guarantot ia nemed.ot has pmporty taken under any vatt or prooes9 af courx . _—_
<br />_ .. .. (� ailov�sgcodatobothertharf�g(ita totorBortawe�rtoassumeoRu de arrytObitg�ationw�►outthewr�ttenconsent'ofLender,or '�:�
<br /> - : . . . (g1 allows enY P�f► .
<br /> (h� causes Lender to deem iffieN Insecure due m a s(gn1ficent dedEne In the vatue ot the ProPertY•or H l�ndar,tn good faith,tor eny reason. 4
<br /> ' betievesthatthapraspeceotpaymer►torperfartnaneelsimpaired. m .-
<br /> 19 BiQHTS OF LENDER ON EVENT OF OEFQULT. Upon the axuctenee of an EveM ofreQetau�u�,et this Oeed ot Trust,Lendar sflait be er►tlUed to , , .''�.�_�
<br /> execdse one or more ot the toltovring remedtes wfthout notice ot rt��!�(��leratlon shall be eutoma8c and immediate if the Event of Qefautt is . ;' _—
<br /> (a)to dealaca the Obligattons ImmediateAt due and payrab i" _ �y�_�: �;
<br /> � . aflting underthe BanimiPteY Ccde; at a place reasonabry 1��-
<br /> . � �p�ta eopect tlte eutstending ObltgaUons viith or wiThout cesortln9 to iudidal process; 4�.
<br /> � `�.s c to requlre(irar►tor to deliver and malce avatlable to Lsnder arry Oe�sonal property or Chaveis oonst3tuUng the Ptoperty
<br /> : ���ftn
<br /> � � �nvenieMto Qrantor end Lender. � tor ar obtaining the appoiMment of a rece►v8r and,at LendePa opUon,m , . t.�
<br /> � � � (d� to er►ter upon and take possession of the Ptoperty vvithout aPPh� 9 statutcry eonditions regarding . -�f` 'r�
<br /> - appoirit a teoeiver w(thaut bond.wWlaut flrst bring(ng suit on the Obiigatlons and without otherw3se meetlng arry - :-�`:,.--, ,.
<br /> _ � x receivers,it being tntended ffiat Lendor shail have thls contractuai ripM to appoit►t a receiver, -�ti�,:_
<br /> (e) to emptay a mans9�a8 e98r�t of the Rcoperty and let the same,eithar in Tnistee's own name,in the name M Lendar or in the name af - _:,��
<br /> and aPP1Y the same.after payment of ell necessatY charSes and ,�•y;••.=�;�.
<br /> ,,;:�==�
<br /> (irartto�.and receive the cer►ta,incomes,issues and profita of the ProPertS► ; .;«.�sr��__
<br /> . expensas,on aecourn of ffie ObiigaUons: . 9�=��`
<br /> ,..,� (f�to pay any sums in any tonn or manner deemed expedient by tender m protect the securitY°f this Oeed of Vust or to cure any defanR ather �_
<br /> T y�a n paym e rt t of irnerest or pdncipai on the ObQgaUons: ;,.. �t'. ;
<br /> � � ;� (g) to fo[edose lhis Oeed ot Trust judldally or nonjudicially and to direct th e s a t e o f t he pro pe t t y tArougfi exercise of tho potiver of sale as --.1�;�t�_=:
<br /> - referenced in paragraph 20,he[ein,in accordanc0 wMh ePDiicabte Iaw; _
<br /> � (h)to setoff Qra�nor's Obligahons against any emourns owed(irentor by Lender inciuding,but not limitad to,manies,InstrumeMS,and deposit �:� ,:,;.%-�•
<br /> � exiating ottuture affiitate of lender,and �
<br /> . accour�maintained wtth Lender or arry curreMlY cr,�=
<br /> - •t p)to exercise all other Aghts avaitabte to Lender unQer any ocher writcen agreemertt or appiicabta taw. .
<br /> �- Lendet's dgt o a�n of tha FlropertY b Yv be o a P�l�9mente eme d y tn a�i�acUon�qalnst9Qrantor,Grantor w veea tt►eip��y ond whicgh , . . �
<br /> • • therecovery Y ay �, `:'•,`r':�.
<br /> � �tght othervvise be requfred. 1�ender or Lender s designee may purchase the Property at any sate. Proceeds of any T�usLae'8 8 8 19 heteutlder ( • ;��;_
<br /> . shall be appited�d not to ex�ceed the amount wtdch may be provid d!or/n this�e d of Trost.secondtlt paymenat ot V+e OblfgatioNns sOaGU d —�: r:� -
<br /> aCtualfy incuaed an � � -'-r,�.-
<br /> • � hereby,th�rC.to tt►e Pal►me^=ot junior tru s t dee d s,m o rt gag a s,o r o t h e r I l e n h o i d e r s,a n d t h e bffiance,H arry,to the Verson or parsona IegaUy
<br /> entitled thereto. The PtaPertf►or ar►y part thereof may be so ld in ane parce�.or in such pazcels,manner or order as L en der in i t s s o l e d i s c r e d o n , .��
<br /> may atect,and one or moce execc i s e s o f t h e p o w e r h e r e i n g r a n t e d a h a l l not extin guish or exhaust tha power uNess the entire Property fs so►d or -�
<br />,�; ; the obligatlons are paid in tull. . ' :.-�
<br /> ' 20.TRUSTHES OtERCiSB OF POWER OF SALH ON OEFAULT. 18P8nd sha�l Cause to eh 8filed o�ieco�c a w�a°n�n�o��ice m a��snd 8 eCtion to � �,��
<br /> �� m a y d e c t a r e all sums,secured hereby,Immediatety due and payab . ,.�
<br /> "�.�.
<br /> � seti the PropertY. After tf►8�apse°f$�cfi Ume as then may be cequae 0 b y t a w t o ltowi n g recordatlon of sueh neUce a1 defauM,and noUee ot eate x�;,
<br />� ' havfng been 9�k or Lender�may d�miine,at P bilto sucNon to the h ghest b dder�.�T�ustea m y postpo e the e ofralt or artytportlon�of the
<br /> In suoh order �
<br /> '. , prppeRy by pubito ennouncement at 1he Ume and placa of sate,and irom tima to Ume thereatter may postpone the sate by publio announcement at
<br /> . � the Ume sud P�o��y�enea l or wnartar�ty exAre o imrplied.$The�recitats n$sucbpde d oi any mattera of tyac or othenxise shail be Conceusive '• '
<br /> ' so sold,b .
<br /> � proof of the Vuthfuinesstrte:eaf.My person,Inctuding Granto a��e oUra of deiauit andra cap yaof any notice of sate hereL�der be mailed to each .
<br /> . - - 21. REGUE3T F03i N0T10E9. Oranwr�equests that a eopy
<br />__ : � person vfio is a partY�ereto�at 1he addresa ot such person set forth here�n at the same time and In the same manner requlred as though a sapstate '
<br /> roquestthe:eol nad been fited by each such person.
<br /> ?Z. SECU�fTYg���pro�s ons of�9'UnitormCCommetclal CcCd Des edcPted n the state where t e�Property is tacated�covering flxtures, : ; .:
<br /> flxture tiiing p
<br /> chatteis,and arti�e e�pd ddidon9 U�e�o(he'Chatt is'(and Qtentor he eb yrgrar�ts L+ende►a seeu t i t S t I Mer�e s t i n s u c h tog�e�e d e b t o s tha •
<br /> r e p i a o e m e n t s t h i s t h a L e n d e r d e s c r l b e d a b o v e. U p o n demand,fltantor s hatl make,executa and deliver such security
<br /> � (irantor desalbed above. T he seeure d p a r ry ,
<br /> � agreemertts(e�ed seCUt�iMetest�in the�Chattela d upon�ranC r�s fa��ure to do so Lender is a ho8 ed to sign�any such agreement as tF e agont .
<br /> 1 I�ende p A �
<br /> . . of 13rantor' a►tar►�r�me��°�e sign�ature of(irantorciG�tr wlll ho�vfever at a�rryt e upon request o1 Le de�sige su h nnancl g sta emenm .
<br /> ' the Chatte s. y e� d.
<br /> � Grantor wlll pay all fliing fees tor the tiling of f thls Oeedcol Trust Is subject�to any secu�rity geeeme tmcovering theuChattels�then initho ent f any
<br /> � � sald Unitorm Commercial Code. If the Ilen o .
<br /> � default under thls Ooad ot Trust,e!1 the rlght,UUe end lnterest of Grantor in and to any and all of the Chattels is hereby ass:gned to LenCer,together
<br /> , : � with the beneftt of anY deposits or Fayme�rts now or hereafter made thereof by Grantor or the predocas.^.ors cr successora in tiUe of Orar�tor in the
<br /> . i �Ae�•
<br /> e�icpense9jBo�peAorm an�cAt requly dSo�be teken b ya an o�r or�t exeactse ay r ght orpemedy of le der u der 1 Is�Deed of Trust 9Upon dem�and,
<br /> ' firantor shall tmmsdiatery relmburse lender for all such amounts expended by Lendar together with Interest thereon at the lower ot the hlghest rate ,
<br /> deseribed in any Obligaiion or the highest c�te allawed by law from the date of payment untll the date ot relmbursement. These sum9 shall be
<br /> included in the definition ot ObIlgaUons hereln and shatl be seeured by the benefieial intereat grantod hereln. N the Obilgat{orts ate paid after the
<br /> -,`, beginnln�g afteb�thetbeg nn notiof pub�caUon olrnoticpo otdsate�as heheln prov aea inen eGramo shail pay on demand a1i expanses Incu rr ed by he , . .
<br /> Oblig&U g '
<br /> Trustoa and Lender in connecdon with sald pubticetion,inetuding reasonable enorneys'tees to the attornays tor the Trustee and tor the Lender,and a 1
<br /> �°= � reasonable tea to the Trustee,and thls�eed of Trust ahall be security tot an such expenses and tees. :
<br /> , Z4. APPL�CATtON OF PAYMHNTS. Ail paymert�made by or an behalt of Grantor may be applied a g�this OeeC o1 Tr stpa dbf�ento the payme g t �
<br /> � attomeys'fees and legal expenses)in eonneeUon wrth tho exercise of its rights or remedles descnbed 1 .
<br /> of the romalning Obtlgatlo�s in whatevei order Lender chooses.
<br /> 2S. PODUER OF AITQANEY. GraMor hereby appo���addlUon,e der shall be ent t ed�but not�r q i�ed.to pertorm any acYion o executetan r �
<br /> documants pertaining to the Obligations or�eed o1 T
<br /> document required fo he?ake� or executed by Q�o�t or cu eeanh dofaui underrthts OeoA o1 Trust�IUtnpa era of attomoyi de cribed intthis Oeed M �
<br /> documents shail not relieve Grantor trom any Obligat Y �
<br /> ; Trust are coupled with an interest and are lrrevocab�e. y ! •
<br /> � ds cha�rged���t�h fu�ds�d�a^cedEby Lendeetegardless o1 whethothese8le�h eu r ty i tB egsts o other�encumb ances have been efeas�coim�eS;4r • „ � • - --
<br /> N `��/ I
<br /> . v e g e 3 0�9 � L
<br /> ; �� iP�ES+tC r Fo�Pt�on Techno:ayo9.inc.11 t/9/86: 18001 93Y 7199 �. .
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