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<br /> ' (c) All npplicab!ella eaa�rour°�ider)end aY zanl g nid buildl g1eawe�and repul tlons rolia lnp to hllelPraperty by virtue oseny fedoral�,st te oQmut IGpal '��,
<br /> � reguietlona promu pa
<br /> i authcrity with j�risdiction over the Pmperty,presently are and shall be observod and corrplled wlth In all material rospecis,and all rlgMS,ucenso
<br /> ; permfte.•and oerililcatea oi octiupancY(InGuding but not Ilmitod to zoning veriancas,spoclal oxeoptlons lor noneonforming usos,and final Inspoctl�
<br /> ' c+pprovnla), whethor temporary or pormanent.whlch aro rr�lonel to the uso and occupaney of tho Property, prosemly ere and shall bo obtalno .'
<br /> presorved and,whore neceasary.renewed: -
<br /> (d) C3rantor has the right and Is duly authorizod lo oxocute and perlotm Ita ObIIgullons und9r thla Doed o1 Trust and theso actiona do not and shall not p�i ,
<br /> conflict with ihe provlslons of eny atetuto,regulatlon,ordinanoe,rule of law,eoniract or other agraemant whlch may bn bind�n9 on drantor at any tirtxi: (�, ,
<br /> (e) No actlon or proceoding la or at�sll ba pending or threatened whlch might materlally aflect ihe Propeny;and
<br /> (f) (3ramor has not vlolated���Mele)whlch�amlghlYmaterlally e�ectl he P operty or Len�ler'a�riphtsr ort Imorostrin gho Pranperty Ipursuam ro hls Deed�of� y
<br /> ihoso governing Hezardo
<br /> Truat. .._
<br /> � 3. PRIOR DEEDS OF TRUBT. Oranta reprecenta and werraNa Ihat thare are na prla deeds of trust affecting any pan of the Pro�erty except as set fonh 'r�;�F.
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<br /> on 3chedule B ettached to thls Daed of Trust,whlch Orantor egreea to pay and perform In a tlmaiy manner. If there are any prior deeds of trunl then ,
<br /> � (irantor agtees to pay NI amounts owed,and porfortn NI obllgetbne requlred,under such deeds of trust and ihe IndoMedness sewred ihereby and fuAhor �.;
<br /> agrees that a default under eny prlor dead ot iruet ehall be a dofault under thls Deed of Truat and shell entitle Lender to all rights and romediea contalned
<br /> �.�i�s.
<br /> hereln or In the Obllgetlona to whlch Lender would be entitled in ihe event of any other defauA. ���;?�___
<br /> ;�i�.:._:._M�
<br /> � 4. TRANSFERS QF THE PROPERTY GiR BENEFIC�AL�of 1heEeals oN��described�8chedu e AEor any Int rest ihe of In,orlof a�ll or any beneflclal --r�f�.
<br /> I contract br deed or tranafer to eny per�on ot ell or nny part P�Penf � Y nershl trust,or -�-"__ -• -
<br /> Interest in Borrower or Cirantor Qf Borrower or Cirentor la not a natural pereon or pereons but is a co ratbn,Ilmited Iiabiih company.Pe►� P� ,i_��
<br /> Iother le g a l entlty),Lender may.at fts optlon declare the outstanding prind p a l belance of the Qbligationa p!us aecrued Interest thareon Irtmedlately due and Y--
<br /> � payabie. At Lendets requeat,t3rentor or Borrower,as the ease may be.a ha l l lumish a eo m p lete statement selting fonh all of lis stocWiolders,membere.or ,.�•,;,___
<br /> partners,as appraprlate,and the e�Rent of lhelr respective ownership Interests.
<br /> � 6. ASSI�NMENT OF RENTS. In consideration of the Obilgatlons,which are secured by thls Deed af Trust.Cirantor absolutely assigns to Londer all .;
<br /> Cirantor's estate,rlght, t(tla,Int�rest,dalm and demand now owned or heresfter acqulred In all exlstinA and fulure leases of the Property(Induding �„��
<br /> I extensfona,renewals and subleases),all agreertwnis for use and occupanoY d the Property(all such leases and agreements whether written or oral,are
<br /> hereaRar rofortnd to as the'Leasas"),and all guarenties of lessees'performanee under ihe Leases,together with the Immediate and continuing right to
<br /> collect and reeeive aN of ihe rerAs,Ineome,receipts,revenues,186U06,p►afits end olher Income of any nature now or horoaflor due(Including eny Ineome of .
<br /> any nature coming due during any redempibn perlod)under ihe Leases or hom or arlsing out of the Property Including minimum rents,additlonal rents,
<br /> percentage ronts, paridng w oorrrnon area malntenenee contdbutlons,tax end inaurance wntrilwtlons,defidency renis, Iiquidaled damagea foilowing
<br /> defeuft in any Lease,all proceeds payable m�der any polley ot Insurance cove►ing loss of rents resulting hom untenantabllity caused by deatruclion or
<br /> damage to ihe Property,aN praeeds PaYable as a resuft of a lessae's exerdse of an opllon to purchese the Property,all proceeds derived from Ihe
<br /> terminatlon or re�ectlon of any Lease in a banlwpicy or otlier insolvency proceeding,end all procc+eds from eny righis and dairts of any kind which�rantor
<br /> � I may have agaInst any Iessee under the Leases or any occuPanis of the Property(ali of the above are hereafler aollectively referted to as the'Rents'). Thls ,
<br /> assignment Is aubJect to the rigM,power and authority 91ven to the Lender to colleet and apply the Rents. Thls asslgnment Is recorded In aecordance wflh
<br /> � applirsble state Iaw;ihe Ilen aaated by thls assignment Is intended to be spedfic,porfected,and choate upon the recarding of this peed of Truet,all as Y
<br /> provided by appllcable state law as amended from time to time. As long as Ihero Is no default undor the Obllpatlons or this Deed of TruaL Lender granis �
<br /> � C3rantor a revacable Ilconse to collect all Rents from the Leasas when due and to use such praceeda in Qrantors business operations. Howevor,Lendor
<br /> may at sny time roquire�ranlor to deposit all Rents Into an eccount malntained by arantor or Lender at Lender's Institutbn. Upon defauit In the paymant
<br /> of,or in the pertormance of,any of the Obllgations,Lender may at(ts optlon take poasesslon of the Property and have,hdd,manege,Iease end operate the �•��:
<br /> property on terms end for a perbd of time that Lender deems proper. Lender may proceed lo eolleet end receive all Rents from the property,�Rents In •.��FY
<br /> shall have full pa�ver to make e►�erations,renovatlons,repalrs or replacortwnis to the PropertY as Lender may deem propar. Lender may apply ;, ; y.
<br /> - , i.erxiers sola aei:taL'on ta pa�mr�nt ot the^b!lgatlonA or to the payment of ihe cost of such niterations,renovatlons,repairs and repacemonts and any ��:�.•. , •`
<br /> exponses Inddant to teking and retainlng possesslon of the Property periodiealy and tho manapement and operatton o f t h e Propeny. i..tlnciai ra y iwsp iha -fl;a�
<br /> property properiy insured and may discher9e anY texes,charges,dalms,assesaments end other Ilens which meY accrue. The expense and cost of i hese �;
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<br /> attlons may be aald from ihe Rents received,end any unpaid amounts shell be added to the principal of the Obllgations. These amounts,together with :,F
<br /> other coste,shall Yeeome part dihe Obligatbno securad by this Oeed o(Trust. ,, ,���tc
<br /> e. LEASHS AND OTHER AdREEMENT3. Cirantor shell not teke or fell to take any actlon which may�ause or pem�it ihe termination or the wHhholding of '� . �F,
<br /> any payment In connectlon wrih eny Lease or other agreemern('AgreerrenY)pertaining to ihe Property. In additlon,CiranAr reemeM;(c)esslgr�o�r ell wea t� .
<br /> eonsent,shall not:(a)collect any rnodes PaYaWe under any Agreement more than one moMh In advanee;(b)modNy any g �
<br /> ;� Ilen,securlty Interest or other en�umbrance to be piaced upon�rarnor's ilghts,tBle end intereat In and to eny Agreement or ihe amounts payable 't,
<br /> thereunder;or(d)terminate or tancel eny Agreement except for the nonpayment of any aum or other materlai breach by the othor party thereto. If Orarnor : � }
<br /> �ti reoeivea at any tirtb any written communMstlon asserting a dafault by Orantor under an Agreement or purporting to terminate or cancel any Agreement, : _
<br /> � f3rantor shellpromptly torward a copy of such communicatbn(and any subsequent wmmunicatlons relating thereto)to Lender. All such Agreementa and �.,,�.,��
<br /> the artbunts due to Grantor thereunder are heroby asslgned to Lender as addqonal secudry tor ihe Obligatlons. - _
<br /> 7. COLLECTION OF INDEBT6DNES3 FROM THIRD PARTY. Lender shel be entitled to noti(y or require Qrantor to notihr any third party(Induding,lwt ���.f�
<br /> not Ilmited to,lessees,Ilcensees,�vemmental aulhodtlos and Insurencecortpanlea)to pay Lender any Indebtedness or of�ligatlon owing to(3rantor wBh ����-
<br /> respect to the Property (wmulat vely Indebtedneas') whether or not a default exists under thls need of Trust. Qrentor shall diligently oollect the �
<br /> Indebtedness owing to Cirantor lrom theso thlyd partles untli the giving of such notificatlon. In ihe event that Cirantor poesessea or recelves possesslon of ���f _ _
<br /> any Inawments or other remitlencos wlth respect to the Indebtedness followkig tho giving of such notlflcatbn a if ihe Instrumants or other remittances �;z�-:'.
<br /> oonatitute ihe prepayrt�ent of any Indebtednoss or ihe payment ot any insurance or condermatlon proceeds,Grantor shal�hold such instrumems and other :;;��--._��
<br /> remittances In trust for Lender apart(rom Its other property,endorse the Instmmenis and other remfttances to Lender,and Immedlately provide Lender wilh � `;��=';-
<br /> possesslon of the Instrumerrts end other remittances. Lender shall be entftlod,but not requlred,to collect(by legal proceedings or otherwise),extend ihe .. 1'�:-. _
<br /> ' tlme for payrtwnt,comPrordse.exchange or releaso eny obllgor or collateral,or otherv✓Ise serile any of the Indebtedness whether or not an Avent of default ;,:;���,.
<br /> exisis under this Agroement. Lender shall not be Ilable to Grantor for any aqbn,ortor,miatake,omission or delay pertalMng to the actions described In ihls ��,�;,.;��__._-
<br /> or eny dama9es resulting there(rom. Notwiihstanding the toregoing, nothing heraln shell cause Lender to be deemed a -_--
<br /> �9�-��•Possession. _ : - --E
<br /> 8. JSE AND MAINTENANCE OF PROPERTY. Grantor shall take all actbns and make any repaira noeded to mafntaln the Properry In good conditbn. �'`•���•��
<br /> Grantu shall not commit or permit any waste to be cormiitled wlih respect to the Propeny. C3rantor shall use the Property solsly In compliance whh . ' ;��
<br /> epplicable Iaw and Insurance policlos. Orantor shall not make enY alterations, additlons or Improvements lo tho Property without Lender's priw wnflen
<br /> consent. Without Ymiting ihe fore�ing,aM alteratbns,additlons and Improverronts made to the Properly shall be sub�ect to ihe beneflclal Interest belonging .. . ,
<br /> to Londer,shall not be romovod w thout Lendor's priw writlon consont,and shall be made at Grantor a sole expense. . •
<br /> 9. LOSS OR DAMAGE. arantor shell beaz the antiro risk of any loss,thafl,destructlon or darr►age(cumulativeiy'Loss or Damaga')to the Property or eny � .
<br /> p�revloushco d tlon o gpay or ca se to6be pald to L ndertho doa asusn ihe f��marketgvalue ot IFie ettected�propertynder,repalr the affected Proporry to its
<br /> 10. IN8URANCE. ThQ Property wih be kept Insured for its full insuraWe velue(ro acement cost)against all hazards InGuding loss or dsmage caused by � ;�
<br /> flood,oarthquake,tomado and 8ro,iheh or other casualty to the extent requlr by Londer. Cirantor may obtaln Insuranco on ihe Proporry from such
<br /> I corr�anles as are accoplabie lo Lander fn its sole discrotion. Tho Insurance policles shell requiro tho Insuranco corrpany to providu Lendar with at laast
<br /> ; 3 p days'wrinen nolloa beforo such policies are sltorod or cancctlled in any mannor. Tho insuranco pol(cles shall narra Londor as e loss
<br /> payee ancTproVido that no act or omisslon oi Cirantor or any othorporson shall aftoct tho rtght of Lender to bo pald tho Insuranco procvc�ds ponalning to tho �
<br /> i loss or damage ot the Properry. In tho event arantor fails to acquire or malntaln Insurance,Lender(arier provlding notko as rr�y be requlred by law)may
<br /> In Its discrotlon procuroappropriate Insuranca covorage upon tho Propc�hY end tho insurance co31 shall bo an advance payable and boaring Interest as
<br /> doscribod fn Paragraph 23 and secured heroby. Grantor shall tumish Lender wtth evldence of Insurancu Indicating the required covorage. Lender may ect
<br /> ' es attomoyin•fact tor Granta In making and sottling clalms under Insurarxo polklus,cancelling any policy or endorsing arantor's name on any drait or
<br /> � negotfaWe instrument drawn by any�nsu.er�All Si,cc��n5ur�dia�nliv�aivo Lsndel rrr w Uien'ofice9and Londor isIIauthoo2ed to make�proof of hoss.e Eactyh _ ,
<br /> -i !Ot TIlO VDligaiiono. iT�ii�o v'o�. :.......� —.�-..=. -.- - �
<br /> insuranco corrpanY�s directed to mako paymonis directly to Lender instead of to Londer and Grantor. Londur shail havo the ngnt,at its sote op�ion,io
<br /> apply such monlos toward the Obligations or toward ihe cost of rebullding and rostoring ihe Propeny- Any emuunts may at Londer's optlon be applied In
<br /> the Inverso order of ihe duo datea ihoreot
<br /> 11. ZONINti AND PRIVATE COVENANTS. Grantor shall not Initiate or oonsont to any chengo in the zoning provisions or private covonanis aifecting ihe
<br /> use o(iho Property without Londors prlor written consont- If Grantors use of Ihe Property becomes a nonconformng use undor any zoning provlslon.
<br /> Granlor shall not causo or pormlt such use to be diseontinuod or abandoned wlihout the prlor wrinen Consont of Lender. Grantor will Irrriediately provldu
<br /> Londor wfth writlon notice of eny proposad changos to iho zoning provisfonsor priveto covenanls aHucting iho Property.
<br /> 12 CONUEMNATION. Grantor shall immediatoly provide LondQr with svrittan natico oi any aCt�al or ihrontonod condemnetlon or ominont domafn
<br /> proceeding porlalning to Iho Propc3Ay- All monio6 payablo to Grantor irom such condermation or takng aro hareby assigned to Lender and shall tx3 applied I
<br /> first to Ihc paymont of Londa's attorneys'foes,logal oxponsas and olher costs(�cludx�g appralsal foes)In cannection with Iho conderrnation or ominont �
<br /> domain procoodings and Ihctn,at iho option of Londor,to iho payment ol tha Obligations or iho rostoration or repair of tho Proporty
<br /> Pnqe7U6 �
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