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<br />_ � 2.0498 . File No. 958 _
<br /> .. ;; 98' �c ios�
<br />- � �rt Truptor ehall give advance noCicQ in writing to Beneficiary of any propoaed �,
<br /> �A ; ` change in Truator's name, identity, or busineas form or structure and will _••
<br /> - execute and deliver to Peneficiary, prior t� or concurrently with the occurrence
<br /> of any aueh change, all additional financing otatements that Beneficiary may
<br /> '^�:�` require to eatablieh and maintain the validity and prior.ity of Beneficiary's
<br /> " •• seaurity intereat with reapect Co any of the Mortgaged Property deacribed or
<br /> •,,,.�. • raferrad to herpin. ��;�
<br /> � r.,.
<br /> � � 8ome of the items of the Mortgaged Dxaperty deacribed herain are gooda that �-�-
<br /> _,- ' are or are to become fixturea related to zhe Property, and it ia intended that � -
<br />- as to those gaoda, this Deed of Truat ahall ba offective ae a f inancing atatement -
<br /> - ;. �� -' filad as a fixture filing from the date of ita filing for record in the real _.
<br />- � estate records of the county in which the Mortgaged Property is eituated. -
<br /> f;• Information concerning Che eecurity intereet created by thia inatrument may bQ `
<br /> '��"}-"� •�`' obtained from Beneficiary, as aecured party, at the addreas of Beneficiary atated —
<br />::..,., • .
<br /> �'' �•���� in section 6.05 of this Deed of Trust. The mailing address o£ Trustor, as -
<br />-r'�`�`" ' �• debtor, is as stated in Saction 6.05 of this Deed of Trust. �`
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<br />�i� '..: _
<br />-� „ . 3ection 4.02. T��r��^*��� R�pr�a� tation� and Cov�nanta of Trustor. �. —
<br /> i�.. , �•! Trur�tor hereby warrants, represents and covenante, with respect to the Personal
<br /> � Pro�erty, ae followa: -
<br /> i_ +. , '�� (a) except for the security interest granted hereby, Truator ie,
<br /> ��� and as to any of the Peraonal Property to be acquired after the date
<br />�,7M•:_�� -
<br /> hereof will ba, the aole ownsr of the Personal Property, free from any
<br /> � .�
<br />�,i;;;,�,,.� ,� adverse lien, aecurity �nterest, encumbrance ar adverse claims thereon of
<br /> �:��.- • t' � any kind whateoever, except for Permitted Encumbrances. Truetor will
<br />- • � natify 9�neficiary of, and will defend the Pereonal Property againae, all
<br />'���T+.� . prohibited claims and demanda of all peraons at any time claiming the eame
<br />' _ � or any interest thereinj
<br />=r-, • : .
<br />- .,.,
<br />�-,-..,:s, (b) Trustor will not leaee, aell, convey or in any manner tranefer
<br /> y;,`i,:�;�•r, • , the Personal Property (except Persanal Property traneferred in the
<br />�";�'���r:r;�r.y, ordinary course o£ bueineas and replaced by Peraonal Property of a similar
<br /> ,�;;;r` '^� ttature and having at leaet the same vulue as the Personal Property
<br />== '-'";;� replaced) without the prior written conaent af Beneficiary;
<br />�.•
<br />�f;c�Y�•, .; . (c) the Peraonal Property ie not used or bought for peraonal,
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<br /> _-_ �:�f'�- Eamily or househoZd purposesp -
<br />_: =.F'rn; >_ -W
<br /> V'' -_
<br /> . ""'""'s, (d) the Peraonal Property will be kept on or at the Property and
<br /> . Truator will not remove the Pereonal Property from the Property without �
<br /> the prior written consent of Beneficiary, except such portiona or items of _.
<br /> ' Personal Property which are consumPd or worn out in ordinary usage, all of �
<br /> _ ' which ehall be promptly replaced by Trustor with new iteme of agual or
<br /> � ---,,,, greater quality; and -
<br /> � (e) all covenanta and obligationa of Truator contained herein --
<br /> - relating to the Mortgaged Property shall be deemed to apply to the
<br /> Personal Property, whether or not expresaly referred to herein. --
<br /> -�..�
<br /> ARTICLS V
<br /> EV8NT8 OF D8 ALJLT AND RBMEDI83 LJPON DBFAULT
<br /> Section 5.01. Eventa of Defnult. The occurrence of any one or more of the
<br /> following shall constitute an Event of Default hereunder:
<br /> la) failure by Trustor to pay within ten (10) days of the date
<br />,: ,, such payment is due and payable, except with respect to tha final payment, ,
<br /> for which there is no grace period, (i) any payment of principal of or � _
<br /> � � intereat on the Promissory Note or fii) any other sum due thereunder or �
<br /> � under any other Loan Document, together with interest thereon;
<br /> I
<br /> ! Ib) failure by Trustor to punctually perform cr observe any
<br /> covenant or agreement contained in thi3 Deed of Trust (other than the
<br /> monetary obligations deacribed in subparagraph ia) above) and such failure
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