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<br /> � • • II a Icabie laws and regulatlone,InGuding,without IlmNatlon,ihe Americens wfth Dlaabllltlee Aet.42 U.S.C. 3eetion �2tOt et seq.�(,a�nl�all ,
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<br /> r9gulatlona promulgated thereundar)and ali zoning and buNding laws and regulatlons relating to the Property by virtue af any todorel,stnto a pal I '�
<br /> aulhorBy whh Jurlsdictfon ovor the Property,preseMty are and ahell bs observed and wmpllod with In eM mateflal respects,and aii righis,Ilcenses, i T
<br /> ' permte,nnd certlfkstea of occupancy(Induding bul nol Ilmited to zoning varlances,epodal axcepllona for nonconforming usos,and final Inspectlon i ;
<br /> � • apFxoval9),whether tempo►ery or psrtrenant,which are matedal lo ih9 uae and ocwpancy of iho Proporty,pros�mly aro and shall bo obtained. � I
<br /> preaerood and,where neceaeary,renowed; ' '
<br /> (d) atantor hea the rlpM ana le duly authorized to ezecuTe ond perfortn Its Obilpatlona under ihle Deed of Trust and ihese actlona do not and nhall not i .
<br /> confllct wNh the provislone of any aiatute,ragulellon,adinencs,rufe oi law,contracd or other agrAemert whlch may be binding on�rantor at eny tlme. � _
<br /> I (e) No actlon or proeeeding la or shall be p�ndinp ar threatened whlch mlpht matedally attecl tho Proporty:and � J
<br /> ihoso yoveminp Hazardoue Male els)whlch mlghtymatoriatly alleCtlho P operry oruLondera�righta ortlnioaesirin�oePronpony Ipura aN ro ihla Doed�ol �j _-
<br /> � Truc,. � ' Y:
<br /> 3. PRIOR DEED8 OF TRUBT. (irantor repressme andwarrents that there are no prlor daede of trudt aHeetkig eny part ol tho Propeny except se set forth I
<br /> � Ofl$ChBfIUlB B 8n8Ch8d 10 thlb DBOd 0}TN6l,whlch�rantor agreea to pay and pertortn In a timely manner. If there are any prlor deeda of trust then� � �,-
<br /> IQrerrtor apreee to pay all ertwunis owod,and perform eN obllgatlons requlred,under s��ch deeda ot trust and the Indebtednesa secured thereby end lurther
<br /> � egreas that a defauft under any prlor dsed of trust ahell be�dsfault under lhie Deed ot Trust and shall emitle Lende►to all righis and romedlea comained
<br /> � hereln or In the Obilpatlons to whlch Lender would be eiafllc+d In the event of any other delautt.
<br /> 4. TRANSFER8 OF THE PROPERTY OR BENEFlCIAL INTERESTS IN aRANTORS OR BORROWERS. In the event of a sale,conveyance.lease, , _;�y
<br /> � contract for deed or iranster to eny person of ati or any part of the roal property descrlbed In Sehedule A.or eny Interest therein,or of all or any beneflG�l �• _
<br /> intersat In Borrower or Ciraritor pf Barrower or C3rantor la not e naturai peraon or parsone but Is a corporation,am,�d n�ii�y co��y,paAnerohip,trust,or � s:_aas��'�_
<br /> , { other legal entlty),Lender may,at its optlon declare tha outstending pAndpal balence of the Obllqations plus accrued IrRerest thereon Imrriodlately due and ,,,_,��
<br /> I parytn�o�rs,�t Lapp►opriate and t e ext�ent ofBhelrWespeclNe ownership I�nte eats�mish a comptete statement setting fonh all of ita stocldioldera,membere,or ,:
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<br /> ' � 6. ASSItiNMENT OF RENZB. In conslderatlon of the Obllgallons,which aro secured by Ihis Deod of Trust,Cirantor absolutely assigns to Lender aY ^-'�,,��
<br /> � arantars estate, �fpht titla, interest,delm and dert�nd now owned or hereafter acqulred In all existing end future leasac of the Property(Induding -
<br /> extenslons,renewaTs and subleases),all agreements br uea end oxupancy of the Property(all such leases and agreementa whether writtan or oral,are
<br /> � hareafter refetrad ta as the'Leases'),and all gu8ra111I08 O�IB869B6�poAomiance under the Leases,together with the Irtn�ediate and contlnuing right to i
<br /> eollect and reeelve all of the rente,Ineome,recelpis,revenues,isaues,proflts and other Income of sny nature now or hereafter due(indudng eny tnoorne of
<br /> � any natura coming due during eny redemption perfod)under lhe Leases or hom or erlsin9 out of tha Property InGuding minimum renta,additionai rentn,
<br /> Pereeme9e rema,parking or corrmon area malntenerko contrlbutlons,tex and Insurence contrllwtions,defldency renis,Ilqutdated dartt�ges foMowing _,f�i:
<br /> default In any Lease,all proceeds payable under any pollcy of Insurance covering toss of renis resuiting kom untenantabllity caused by dastrudlon or —
<br /> darnage to the Properly,ail proceeds payeNo as aa other Insolvency's ex�ared�sego�aopPtio�o�Pu�m�y h�ts a�nd claln�s o�f��ki d wh ch(3ran�t r
<br /> � tem�inatlon or rejeetbn of eny Laase In a baniwpicy pr
<br /> may have agalnst any lessee under the Leases a any occupants of ihe Property(all of the above are herea(ter collectively referted to as ihe'Rents'). Thia _
<br /> � assignment 7s subJect to the ripht,pov�er and authority piven to lhe Lender to collect an�d a�(��IY�d Rhoate u�pon hee eco ding oBf�tM D leed ofT►ust all as ��
<br /> , epplleaMe state law;the Yen ueated by lhis aselgnment ia lntended to he apeciflc,pe
<br /> provided by applicable stete law as amended(rom time to time. As long ae there Is no default under the Obllgatbns or this Deed of Trust,Lender granis
<br /> � Grarrtor a revocade Ilcense to collect all Rents hom the Leases when due and to use sueh proceeds�n�rantor's busineas operatlons. However,l.ender
<br /> rrrey at any time re�lre aranta to depoalt ail Rents Into an axount maintalned by Cirentor or Lender at Lender's Ins:�tution. Upon dofauft In the payment
<br /> of,or In the perfomgnce of,any of the Obilgations,Lender may at Ita opt�nn t�a f p yaPess�lo tl if�th�el�ro�rlY��vo all Relnt fromghelproperty,end Lender
<br /> • I Property on temu and for a petlod af tlme that Landar deems prope. d all Renta In
<br /> _..l sttell have full power to meke aiteratlons,renova6ona,repairo or replecements to the Prope�y as Lender ma9 deem proper. Lender may epply
<br /> - Lender's aoia dscretton to paymern of tl,d vbtigntiva:or tc thc payrr'�n�t i t��th 8 d the manege�mem and renoa'�n of ihe P�roperry.r t ender may Keep me °
<br /> expenaea Inddent to taklnp and retalnlng posseasion af the Properry pe Y °� xpense and cost of theae
<br /> � Property properly Insured end may discharpe eny taxes,chargea,daims,asseasments and other Ilens whl maY accrue. The e
<br /> o hler cosisyshail Yecome lpatt ofthe Obllgatl ns�ecured by h a Deed of Trust'�edded to the prindpal of ihe Oblipations. These emounts,togethor with _ _
<br /> � 6. LEA8E8 AND OTHER AGREEMENTS. Cirentor�hall not take or fali lo teko eny adlon whk�h may cause or pem9t the tetminatlon or the wlthhotding of �_
<br /> any paymerrt In comectlon whh any Lease or other agreement('Agreement')pertalning to the Property. In eddition,(irantor,withaut l.enders prior written : ,
<br /> � � conaent,ahail not:(a)cotlect any monies payable under any Agreemont more than one rtanth In advanoe;(b)modlly eny Agreement;(c)analgn or ellow a �••
<br /> , � Ilen,security Interest or other encumixenee to be plaeed upon Ciremora rlghte,tftle and interest In and to any Agreernanl or the amounls payeble {r: ' �`,
<br /> y I thereunder,or(d�terminate or cancel any Agreemern axeept br the nonpayment of any sum or other matedel Ixeach by ihe other pazry thereto. It f3rantor '_
<br /> r reoeNes at any t me any written communlcation asaening a defauft by drentor uncier an Agreement ur purponing to tem�lnate or cancel any Agreemem,
<br /> �.} I �rentor shall prortplly(onvard a coPY of aueh eamrrunlcation(end any subsequent communkatlons relating thereto)to Len�er. AN such Agreements and j--i
<br /> ' � the amounts dua to C3rantor thereunder are hereby aaslgned to l.ender as eddltlonal aewrity tor the Obligatlona. .t �
<br /> . � 7. COLLECTION OF INDEBTEONE88 FRONI THIRD PARTY. Lender shell be entitbd to notity or require arantor to notihr any third panyr(Including,but �
<br /> � , not Iimlted to,lessees.Wcenseea,govemrrantel authorNies end Insurenee comPenias)to pay Lender any IndeMednesa or obllpatlon owing to Cirarnor whh �r,
<br /> respeet to the Propeny(eurrulatively Indebtednoss') whether or not a default exlsta under this Deed of Trust. �rsntor shall dillgarAly eolloet ihe ��"`��=r��
<br /> � Indebtednass owinp to t3rantor from these thlyd panles urnil the giving of eueh notificallon. In the event that Cirantor possesses or recelves possesslon of �'-
<br /> any Instruments or other remlriencea wi[h respect to ihe Intbbtedness following ihe giving of such notlfleatlon or If ihe Inatrumenis or other remittantes '�'.s•-_
<br /> constltute the prepayment of any Indebtednasa or tha payment of eny Insurance or condermatlon proceeds.C3rantor ahall hold such Inatrumerns and other :�.���: .
<br /> � romittences�n lrust for Lender apart from ita other property,endorse the insirumanis end othttr remitteneee lo lender,and irmiediately provide Lender with r ":;�.;'�
<br /> possasslon of the Instruments and other remittances. Lendor shall be entitled,lwt not required,to coilect(by legal proeeedings or otherwise),extend the '��x���_;_.•_
<br /> tlme for paymerri,Compromise,exchange or release eny obllgor or cuHateral,or othenxlse settle any of the Indebtedness whether w not an event of default ��;��_-
<br /> I exlsts under thla Agreement. Lendor shall not be Ilade to Granta for any actlon,eROr,mistake,omisslon w delay penalning to the actlons deacrlbed in this _ _—_, _
<br /> or any damagas resufling therehom Notwithstanding the foregoing, nothing hereln shall cause Lender to be deemed a � . �"° ��„��,
<br /> � IT10A�8Q8E�•��'POSS068�Of1. � ""�'"'�'a...'�•'
<br /> � 8. USE AND MAINTENANCE OF PROPERTY. Orantor shell take all actlons snd make any repelrs needed to mtilntein the Property In good condition. „ �
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<br /> � dranlor shall not commlt or permlt any waste to be com�tted whh respect to the Property. Qrantor shall uae the Property sdely In compllance wlth
<br /> appl�able lew and insurance polides. Orantor shaG not make an afteretlons,additlons or 1rryrovemenis to the Proporty wfthout Lender's prior wrinen :
<br /> I to nLender�hall noN bel removed w lout Londeer's iprior writton eos�t,�andV hallnbe►nade at d entoc solohexpense.bjeet to ihe beneflclal Interest belongln9
<br /> ' 9. LOSS OR DAMAQE. Orantor shall bear the entlre risk of any loss,theft.dostructlon or damage(cumulatively'Lose or Damage)to the Properry or any
<br /> ! portlon ihereof hom any cause whatsoovor. In the event of any Loss or Damage.(3rantor shall,at ihe optlon ot Lender,repair the aftected Proporty to Its
<br /> � prevlous conditlon or pay or cause to be pald to Lender the dc�aeasP In the(alr market vaiue ot the ehected Property.
<br /> }j�eartRquake,tomado e�nd H ellltheft o�other casualty tolihe axtont requl�re by Lender.�Gran�r trey obta ndinsuaan��onsthe Propert�y frome uch
<br /> companles as are aocoptable to Lender In Its sole discretlon. The Inauranee polldes shall require the InsurencA eortpany to provide Lender with at loast
<br /> 3 0 days'writlon notice betore sueh policles aro altered or cencelled In any manner. Tho Insuranco polidos shsill neme Lender es a loss
<br /> p�yee an�ptoVTde that no att or omisslon of Qrantor or any otherp�rson shall afleet the►IgM ot Lender to bo pald the Insurance proceeds pertalning to ihe
<br /> loss or darrege of the Properry. In the ovent Granlor fails to acqulre or malntein Insurancc+.Londer(aftor provlding notica as may be required by law)may
<br /> m its disuellon procuroap�o rlate Incuranoo covorege upon the Proporty and tho Insuranc�cost shall bu an advance payable and bearing Intorest es
<br /> ' dosulbed in Paragraph 23�sawrod horoby. Cirentor shall tumish Londor with ovidenco of Insurance Indlcating ihe roqulred coverago. Londer may act
<br /> as attomoy-in-fact tor�rantor In maWng and sottlhg claims under Insurence polleles.cancolling any poNcy or endorsing Grantor's name on any dralt or
<br /> nogotiabio Inatrurrant drnwn by any Insurer. AN such insuranw pofklos shnll bo Irmpdiately asslgned,platl�od and dol�verod to Londor as funhor socurity
<br /> ..�..��... r..o��.,.�nAu imrrn�iamlv oivo Londor wrinon notlou and Londor Is authorized to m�4co prooi ot bss. Eech
<br /> iar iiro.i�wiyuii'v��o. ��....,.. ..._. __. _._.._ . -.
<br /> f�isuranco coripany Is diroctod to mako paymonts d�roctly to Londor Instoad of to Londor and Grantor. Londor shall havo tna ngnt.8l Rs soie option,iv
<br /> npply such monlos towerd ihe Obligatlona or toward tho cost ol robullding and rostoring iho Proporty My amounis m3y at Lundor's opifon bo appliod in �
<br />_ iho mvorso ordo�of iho duo datos th�roof.
<br /> - t t. ZONIN(3 AND PRIVATE COVHNANTS. Granwr shall nol Inl�lato or consont to any chango In iho zoning provlslons or privalo covenanis attocting tho
<br /> uso of tho Proporty without Londer s prior wdtton consonl. If Qrantor's uae of ihp PropoAy becorras a nonconfomrng usu undor any zoning provisfon.
<br /> Grantor shall not causo or permit such use to bo cbseontinuod ar abandonod without tho prior writlen consont of Lender Grantor will Immodintoly provlde
<br /> Londor with wriflon nolico�t any proposod changos to tho zoning provfslons or pivato covonants alloctinp iho Prop�rty
<br /> 12 CONOEMNATION. Orantor shall Irtttbdlately provido Londor with writton notico of any actual or throatenod condertnatfon or errunont domafn
<br /> pr0000ding pertaining to ihe PropaAy. All rmnles payaWo to Orantor from aucli Condermation or laking aro heroby assignod to Lender and shall be epplled
<br /> I�rst to iho paymont oi Londor's attomeys'toes, logal oxpensoe and other costs(including uppralsal foes)in connection wllh tho wndormatlon or eminont
<br /> domain protoodings and ihan,at tho option o�Londor.to iho payrrbnt of iho OWigatwns or iha restoration or ropair ot tl io Propcirly
<br /> FappYd5 I
<br />� 4EOOtA Rw 297 �
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