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<br /> � DEED OF TRUST Pa�e 4 , ,
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<br /> 01-28-1998 (Continued) 98" '��j��9�
<br /> ' Loan No 638783 � _ � • _Y
<br /> G AppliCatlon of PNt ProCNds. II 411 or any parl ot the PropoAy Is condemned by eminent domsin proceedlnfls or by any proces�dl10�8 j _j!
<br /> � purchase In Iku af cond�mnttlon,Lsnder may at Its aleation rsqulre thtt dl u�ny patlon ot the net prxeeds ot the award ba app +�
<br /> Ind�btedness or the r�ptIr or reslaation of fhe Prop e r t y. TM net proceods of Ihe �wsrd shail meen the award afler paymeM of a11 reesonable �+_
<br /> I d .
<br /> cosb,sxp�mos,and allornaya'feea Incurred by Trustee a Lender In oonnection with the condemnabon• �
<br /> { pfpCMdinp�. If any proceeding In oondomnatlon If filed,Trustor shall promptly noliy Lender In wtlting,and Trusta shall promptly tnko suclr ;�
<br /> I 6bps u may b�n�wry to d�bnd th�aodon and obtaln th�award. Trusta may b�th�nominW party In such procead�nfl,but Lander sh�ll ..
<br /> �i be entitled to parHc�pate In the proceedlnp�nd to be represented In the praaadinp by counsel of Its own ohdce,and Trustor wip dsllver a y�,
<br /> I cause to bo delivwad to Lendw such Instruments as may be requested by It fran time to time to permit such part��pat�o�. t '__
<br /> IMP081TION OF tAXEB�FEES AND CHARtiE8 BY GOVERNMENTAL AUTFiOFITIEB. 7he followirp provislans reiatinp to yovernmental texes, I :T
<br /> ' fees and charges ara a part of thls Deed of Trust: -
<br /> ; Curnnl T�xts,FNS�nd Ch�rp�s• Upon request by Lender,Trustor ahtll exocute such doauments In eddl4on to this Deed of T►ust and take �
<br /> whatever other actlon Is requested by Lender to perfect and continue Lenda►'sGen on the Real Prope�tyr. Trustor ehall relmburae Lmder tor all
<br /> taxes,es described b�low,togelher wllh aA expenses Inaurted In recordinp�pe�Nctinp or continuinp this Deed of Trust, Includinp without _.
<br /> tlmltetlon all texes,fees,documentary stamps,and other charpes tor recordinq a repbleriny thls Deed of Trusi. .
<br /> Tass. The followinp shail constitute taxes io whlch Ihls secAo�epplles: (e)a speclflc tex upon tMs type of Deod of Trust or upon all or anY r�_��--.--
<br /> part of the Indebtednesa secured by thls Deed of Trusl; (b)a 5peciflc tex on Truslar whbh Trustor Is authorixed or requlred to daducl from
<br /> payments on the Indebtedness secured by thls type of Oeed of Trust; (c)a taz on tNs type of Deed of Trust cherpenble aqalnst ttN Lender or
<br /> the holder ot the Note;and (d)e speclHc tex on all or any portion of the Indebtednoss or on payments of principal and Interest made by _
<br /> • Trustor.
<br /> thls event ah�N have ihe E �?..',
<br /> Subaequent Taxa. If any tex to which this seclion appiles�s enected subsequenl lo the dalo of this Oeed of Trust, ._..
<br /> same eHeCt as an Event of Defau�t(as deflned beiow),and Lender may exerdsa any or e1 of Its available remedles for an Event of Defaull as � �^;;;
<br /> ' ' provlded below uniess Trustor elther (a)pays the tax before It becomes deii nqua�t,a (b)contosts the tex 8s provided above In the Texes and
<br /> Llens seCtlon and doposits with Lender cash or a sufNclent caporete surety bond or other securlty satisfactory to Lender. _
<br /> SECURITY A(iREE1�REHT;FINANCIN(i S7ATEMENTS. The folbwfng proNsbns relatirp to thls Deed of Trust as a security Apreement ore a part of
<br /> thls Deed of Trust. . _
<br /> persorna properlyeand Lender�sha havehall of the1dphts of aus cu a party der the Unlform Commsrcl�l C de�as�amend dufrorom time tq `,,.'
<br /> �in.
<br /> time. , "•
<br /> ' 3ecurity inter�at. Upon request by Lender,Trustw shali ex6auta flnancln�sataments an additianhtoerecadinp ihis Deed d rT ust nythe rael
<br /> to perfect and continua Lender's security interest In the Rents and Peraonal Properfy. _.
<br /> � thispD~d of Trusl as�nnr c�inp atatelrtwnt T u'stw shatl relmburse�elndertor a1 xpanses Incurr dCinup��alnp or on:�nulnp�l�tsacu fy .,
<br /> Int�nst. Upon d�foull,Trustor thall oas�mbN ttw P�nonal ProportY In a mpmar ind at a pltco roaaonxbly convenNnt to Trustor and L�nda �' ��.,��
<br /> and rtwk�It evallabN to Lender withln thrse(3)days afler recelpt of written dema�d hom Lender. ., '�!_
<br /> Addr�aws. The maulny addresses of Trusta(debtor) and Lender(secured parly), hom whbh Intormatbn concernlnp tFN a�CIx�1Y�nlussl ':i`;
<br /> _ ��r��t,�,��Y tnt;p�d ct Tf��m8Y t,o nn�ninnd teach es requlred by tM Unitam Commerclal Code),are as statsd on ths nrst pap�of this Oe�d _._��t-
<br /> of Trust. ` `�
<br /> FURTFIER ASSURANCEB;ATTORNEY-IN-FACT. 7he falowinp provislons relaYng to further assuranCes and attaney-ln-faat ara a pnrt of this � r�'��
<br /> Oeed of 7tust.
<br /> FuAher Aswnnces. At any time,and hom time to time,upon request of lender,Trustor will mflke,execute and deilver, a wlli cause to be b;`� x'��3'
<br /> made, executed or deilvered, to Lender or to LendePs deslgnee. and wMn requested by Lender,cause to be �led,reCOrded,refiled,or i,; �ti+,�9�t
<br /> rerecorded,as the case may be,at such times and In such oNices and places as Lander may deem appropriate,any and aY such mortpeqes,
<br /> deeds of irust,securiry deeds,security agreements,flnancing statements,canYnuation stalements,Instruments of fu�ther assurance�CeA�BcateS� •� : .t �
<br /> � and other dxuments as may, in the sde opinfon ot Lender,be necessary a desirabie In order to eHectuate,complote,peAeat,continue,or ����;
<br /> preserve (a)the obllpatlons of Trustor under the Nole.this Deed ot Trusl, aM the Related Doauments,and (b)the Ilens and secutlry Intereste � R
<br /> contrarybby'Le der n writinsp,Trus o s aell refmburserLender fw all c sts and expenses bncuRed In connecttornh wth ihe m tters aeferred tohn + _
<br /> thls pereyraph. '��`"� -
<br /> � T ustaea d�a 7►usta's rexpenseus Fo such purp hoses,T�ustor hereby�evoablay�apdpdnpts Lendir as Truslor's atlorney-In-fact for ths pu�ass �d��
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<br /> of maklny,oxeouHny,dollverinp,fllln9,recordin9,and do�g all other thlnqs as mny be necesstry or deslrabN,In Lentlera aoN opinion,ta :_�u;��
<br /> accomplish the matters refarred to In the preceding paragreph. -'�'��.��
<br /> FIAI.PERFORMANCE. If Trustor pays al the Indebtedness when due,terminates the Ilne of credit, and olhervulse perfams ali the obilpatlons ��r_�L--
<br /> �; Imposed upon Trustor under thls Deed of Trust,Lender shall execute and del{ver to Trustee a request tor fuil reconveyance and shali exeaute and ��__ _
<br /> dellver to Trustor sullable atstements of terminetlon of eny flnencing statement on lile eWdencinp Lender's security Interest In the Rents and the :»+_
<br /> Personal Propedy. AnY reconveyence toe requlred by law shali be patd by Trusta,If permittod by eppucable iaw. � , _-
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<br /> DHFAULT. Each of the fdbwirp,at the oPllon of Lender,shail constllute an evc3nt of delault('fvent of DefeulP')under this Deed of Trust: •'�S. �� __
<br /> .fYJu.�.l�
<br /> ' Oetault on Ind�btedneas. Failure of Trustor to make any payment when due on Ihe Indebtedness. ���___v
<br /> � pefault on OtMr Payments. Faliure of Trustor wlthin the time requlred byA�is Oesd of Trust to make any payment for texes or insurance,a � }`� �.���-
<br /> � any other payment neCessary to prevent flling of or to eHect dtscherge of any fien• rr, ,,
<br /> ; Det�ult In Favor of Third Partles. Should Borcower or any Trustor default under any Ioan,extension of credit,secu�lly apreement,purchase a �«
<br /> � sales apreement, or any other apreement,In favor of uny oth�r credltor a psrson thet may materialiy affect any of Bottowers property or } `.
<br /> � Bortower's or any Trustor's abully to repay the Losns or perform their respective obllpatlons under this Deed of Trust or any of the Releted �f�
<br /> � Documents.
<br /> ICompilence Detsult. Failt;rc�of Truslor to comply with any other term,obqatlon,covenant or condltlon contalned In lhis Deed of Trust,the
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<br /> Note or In flny ot the Related Documents.
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<br /> he'No etao�he Rela ed DoCUments es Ifll enortmfsleadne�an mate�ial raspect,�ellhee now o�et Ihe tbme8m de or turnls ed.thls Deed o rus,
<br /> � Detective Collaterailu�tlon. This Deed of 7rust or eny of Ihe Related Documenb ceases to be In full force and eHect(Includinp faliure ot any
<br />� collateral documents to create e val�d and pe�tectetl seCUnty interest or Ilen)at a ny lime and lor any reasun.
<br /> Oeath or Inaolvency. The tleath of Trustor or the dissolution or lermi�ebon al Trustor's exi�ence as a qoinp business, the inSOlvency of .
<br />� � Trustor,ihe appoiniment of a receiver for any pert ot Trustor's property.anY essignment for lhe beneflt of credltors,any type ot Creditor workout.
<br /> or lhe commencement of any proceetling under any bankruptcy or InsWvenCy laws by or agalnst Trustor.
<br /> Forecloaure,Forieltu�e,ete. Commencement of foreclosure or fortedure�proceedings,w�iher by ju p�C�el p Howevle9 thlsfsubsectlon slutll ot
<br />- .....��...w h.,o..,,�,n�unr nf Trusfor or bv anv novernmeninl ts O�C�r 8Qfl1�S1 8� 0�1h8 Pf0 @(t� y ����N�� �o N
<br /> :. • Gi ni�f�i`v. ...v..........�_..� "'- - ' - . . �- -
<br /> apply In the event o�a good fellh dispute by Trustor as lo the validity or reesonebieness ot tne cia�m wi:c�is���e boao�•••^-•�--�---�- - r
<br />� torefelture proceeding, provided lhet Trustor gives Lender writlen notice ol suCh claim and furdshes reserves or e surety bond for the claim i
<br />_ � satlstaCtory to Lender. ,
<br /> Breach Of Other Apreement. Any breach by Trustor under the terms of any ot her agreement belween 7rustor and Lender that Is not remodled
<br /> wlthln any g�aco pedod provided thereln,Including withoW I�m�tetlon any agree ment concerning any indebledness or other eblignAOn of Trustor
<br />�- to Lender,whelher existing now or luter.
<br /> - Eventa Aftectinp GunrantQr. Any ot the preceding evenls occurs wlth respect lo any Guarantw ot any of the Indeblednvss or any Ouarantor
<br />- dles or becomes inCOmpetent,or revokes or dlsputes the validiry of,or Ifabiiily under,any Guarenty of the Indebtedne�. Lender,at Its optfon,
<br /> mey, but shall not be requfred to, permit lhe Guarantors estale to assumo unconditlonally Ihe obligahons arisfng under the guaranty In a
<br />- manner satisfactory lo Lender,and,In doing so,cure the Event of Detault.
<br />- Adverae Chenpe. A material adverse change occurs in Trustor's fine�clal condltion, or Lender believes the prospect d paymont or
<br />,`J' pe�o�manCe of the Indebtedness�s�mpalred.
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