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<br /> 13. LENDEA� 8K6HTa olhe�o�ceedin9 eBeclingNhe Propany.a��S.hereby eppolnta�en�dolates ita ao mey�inefect�t cottmrnenae.interv ne InUBand --
<br /> I throntened ed o , —
<br /> detend tuch ectlons,sulis,or other lopel proceedings and to compromise or serila any dalm or controversy pertalning thareto. Londer shall not be IIaWe to
<br /> f3rantor for any action,ortor,misteko,omlas�n tlie actlons�doeoribod Ine hla Iparagraph In�s W���oa9raph or any darn3gc+a rosuiting iherefrom- Noihing� f „—
<br /> . , contelned hereln wlll prevent Lender from ta g __
<br /> + U. iNDE�IMI��b R�tor shell iertmedlately pro�lde Londer w�ith writtenhnotlpce�of a dclnderm�ry e a noid i.e na�g�and ns sna�e�oide st dire�oisrtoni�� --
<br /> any clrwmst
<br /> � empioyees and agent S��latively Clalms'�rt�gto t�ha Piroepe�rty pncluding�but notf Bmit d o�ihose Involv ng�Nazardous Materialaj��aramor�upon� _
<br /> � other bgal proc'•eedl 9 pe
<br /> � �con m,�yio�harewl�r���alheleltem�ativeu Lendordahall be entitled to�empioy1eitre owndle�geylthcou semoydetend�au�eh� C�alms et8drent�s cost.�Ciran ora� ---
<br /> oWlgalbn ta hdermlty Lender under this paregraph shall sunivo tho tortnlnatlon,roleaso or foredosuro of thls Deed of Trust. �� ___
<br /> ., 16. TAXEB ANO A8SE88MENTS. dranta sn�Payranto�shael deposlt wi hnlsnderl eachPrnornh one•hvelflh(%�t 2)�of�he�est ma ad ann arinsu�an� .. -
<br /> „� o�payrnarq of same• Upon the request of Le ,a
<br /> aerrium,lazes end aaeesamenta peAe�ning to the Properly. So long ae there Is no default, these amounts shall be appllad to the payment of taxes, �—
<br /> asseaemenle and Insuranh as�reqt�ons�Any(unda epplied�may,at Lenders optionnborapplled�Ineevers erderlof ho duetidatethe(�eoyf the funds so held to •�
<br /> pay any tazes oragaln 9a pec
<br /> 16. INBPECTION OF PROPERTY,BOOK6�RECGROS AND REPORTS. drentor sheil albw Le��n m�Imetto tlme6 aranta shai8l provide anY a4 r^�t�� ,.. ,T
<br /> and exernh�e, inepect end meke ceples of(irarrior's books and reeords pertaining to the Property �;
<br /> requlredby Lender tor these purposes, All ot the slgnaturea end Intormation contalned In Cirantor's books and records shall be genulne,true,accurato and
<br /> ��t�,(n al�respeqs. arantor shall note the exiatence of Lender's beneflolal Interest in Ita books end records penelning to the Properry. Additionally,
<br /> . (3ramor,s�hellnal�bB fOf SUCII P9�ItOdS,6hII I�BflBC1�3f8fI10 s�rreco�a�at eh timerand shall be end�erea w h such fflequ noY as Lenderrmay des 9n te. Alel
<br /> � Mfarmat
<br /> intom�tion lurnished by C3rantor to Lender shell be true,accurate and eomplete in all respects,and slgned by C�rentor If l.ender requeats.
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<br /> � � 1T. ESTOPPEL CER7I�ICATE3. Within ten(i 0)days after any request by Lender,Grantor shall doliver to Lender,or any intnnded iransferoe of Lander's
<br /> Q�p�i���ea�s teny clalms�def nses Sset-ofts or�counterella�wflh respect to the O�bl getbns andt If on thenat e of such�a�9ms.do(ensesbseW�ofts or
<br /> � COUeVe�i��at'ar�a�10jaljs t°�ovjde the requestedd st e�ne�in a ti8mely�manne�r�y�lo the intended transferee wnh respect to these maners In •,,r
<br /> th9 �
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<br /> ' � �a�raMor ot ihe Obllgeiien�In defauit under lhis Deed of Truel end the Trustee a power shell bacome operative in the event that Cirantor.B�rtower or �-__
<br /> Y A� �""T=
<br /> ' (a) faYs to pay any Ohligatlon to Lender when due; __ `
<br /> � � (b) f�ls to perfam eny Obligatlon or breaches any warrenty or covenant to Lender contelned in this Deed of Trust or any other preaent or future ��`-
<br /> agroement; �j�-
<br /> ` � (c) destroys.losos or darnagea ihe Property In any meteriai respect or subJocis the Property to seizure,can8scatlon,or condemnatlon: �„�:���
<br /> (d) aeeks to revoke,terminato or othenvise Iimit its Ilabllity under any guerenlY tc Lender,
<br /> �s � (e) des,becomes�egally Incompatent,Is dissolved w terminated.beeomes InsoNent,makes an e�on91n banfwptcy filed ntwhl Cirant r�Borrower ---"�
<br /> > debts as they beeome due,fllea a peti�on under the federal banlwptcy laws,has en Invoiuntery pe �
<br /> - w arq guarn�dor�s ra�ra�.cr has ixa?"rtY?p�n under any writ or process of oourt:
<br /> i� alows goods to be�uesed,�dreRinta orBortowerto aeaume�or undert�eke any ObllgatloPn wBhout he w�itt n coLnsent of�l.ender,or �,i` —
<br /> (q� apoWSany partyr talth,for eny reason,bellevea �
<br /> (h) causea Lender to daem flself Insecure due to a slgnlflcant dedine In ihe value of ihe Property:or if Lender,In good �I�^_ _
<br /> that Ihe prospect of payment or peAormance�s Impalred.
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<br /> 19.RICiHTS OF LENDER ON DEFAULT. Ii there Is a default under thls Deed of Trust,Lender shall be entitled to exerdse one or more of the following �__
<br /> � remadieawithaut notice or derrend(except as requlred by law): �
<br /> (a) todedere the CM�Ilgatlons immediately duo and payable In full; -�-
<br /> (b) k eoilect the outstending Obligationa with or without resorting to wdidal proceas:
<br /> • �. � (e) a requlre arantor to delfver and make availabie to Lender any peraonal property or Chattels eonstltuting the Property at a place reasonably
<br /> co�veniern to arantor and lsnder, • —
<br /> (d) a enter upon and take possessbn of the Property without apply(ng for or obteiNng ihe appolntment ot a receNer end,at Lenders optlon,to ��^_
<br /> appoint e recelver without bond,without flrst bringing suft on the Obilgatlons and withoul othenvise meeting any statutory conditiona regarding ��uy
<br /> receNers,it being Intonded that Lender shall have thls coniractual right to appoint a receNer; ��
<br /> (o) b employ a maneging agent of the Property and Iet the same,eHher In Trustee's own name.in the neme of Londer w in the narna of OraMor,and =—
<br /> � . raceNe tho rerns,incomes,issuea and proflts of ihe Property end apply the seme,after payment of all necesssry charges and expenses,on acoour�of _
<br /> ihe Obligetions; �,,,
<br /> (� to pay any sums In any form or manner deemed expedient by Lender to protect the socudry of lhis Deed of Trust or to cure any detault other than �`-.
<br /> r � payment of intereat or prindpal on tho Obligatlons: �'�"-°"�
<br /> � (g)to foreelose thls Oeed of Trust judidally or nonjudlGally end tu direct the sale of the propetty through exercise oi the power of sale as referenced in �_`_
<br /> � parapraph 20 heteof In acccordanoe with eippllcabie law: _
<br /> (h)a sm�off C3rantor's Obilgalions against an�arnounts ov+ed Grantor by Lender Including, but not Iimitod to, rtanies,instruments,bnd deposfl ��___ ,�_-
<br /> � eeeounts rt�ilntelned with Lender or any current y exlsting or future affillate of Lender;and ��� �
<br /> (I)to exerdae eil other dghts avallable to Lender under any othar written a�roament or applicable law.
<br /> Lende�'e dghts are cumulatNe and may be exerciced toget fe�In an actlon�agalnst Cirarnor,tGranlor waivea tho Posting of aany bond�W�hic�hn�th�e '. � ..�::R
<br /> recovE.ry of any of the Property by way of a prejudg : • a�,�
<br /> olherwise bo required. Lender or L en d ers d es lgn e e m a ypurchasu tho Pro p erty at any sale. Procoeds of any Truateee sale hereunder shali be appited ' . •r•:v•
<br /> �'� flrot,to the costa end expenses of exordsing the power o f sale end of the sale,Indu d i i�=h PaY 1��lonatsewred ereby,thlgrd,tol l he�payrtant of iunior ,,. �
<br /> excead ihe amount which may be povided for In thls Deed of Truat,second,to payrtx� Obl rt thereo�may � ����^- -� • �
<br /> tnn�deeds,mortgagea,or other Ilenholders,and tho balence.If any,to tho person or persons legally entitled thereto. The propertq or any pa . •
<br /> shal6l no1 extingulah olr exhaustethepowor un ess tho en�tlrA proper'►Y Is sold or thoiobligatlorrtis arelpald Inj�pna w more oxordces ot ihe power herein grantud .
<br /> Is�ale he elnTconlalnodERandor s�halP o Ity T�eAn ho ma�nnerAhon relqulred by Iaw�s to sell Orantor's interost In ihe P.-opoAy by exurcise of ihe power of
<br /> I Upon �eceipt ol such notke of Londor and at tho directlon of Lender,Trusteo shall quse to bo rucatded,publlshed and dollverod such noticos of dafault
<br /> , and notia�s oi sale as may thon be required by law and by thls Doed of Trust. Trusten shatl,only at tho direction of Lendar and without dortnnd on Cirantor.
<br /> afler such tlrtU as may then be requlrod by law end aflor rowrdatlon of such ratico ot default and after rrotico of sale having been givon as rcxaulred by law,
<br /> sell iho Properry at tho tlme and placo of sale fixod by It In such notke ot sale,either as wholo or in sc+ ate lots or parcels or Items as Lender shall deem
<br /> I sale, oe ss aherwlse may thes�be royquelrnd bYeaw•pTrustee shallldeiiver�90 such purchasor or purohasers iho eof itsUgood n�d sufflclen�deed ort'deods
<br /> I ���t.YK,�nf�ho,ruthfulness ther�eoL lAny person,elnclud ngrtw Ih�e Imitetlonr Gr�anieor,Trustee oal ender,�may p�urch se ai uch sale t Trusteo may _.._
<br /> in Iho mannor providod by law postpono sale ot all or any portion oi ino PrvNerny. � -��
<br /> • 21. R E�UESher�e o at�he addrossrof such poeson�set ton�h herol ei iheisama�iQrrx�lend In ho saymogmannor requi ed as�hough a s parla�roquo t therroot
<br /> who Is aparty
<br /> hed boen(ilod by oach such pc3rsor
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