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<br /> 13� LENDER�RiGHT TO CO�MAENCE OR DEFEND 6EQAL AC'TIONS. Oranta sh�A Irtrrnd�tie�Ypro vide(.endst with w�irien notke ol any ectual ot :
<br /> 1hnQt�nod aalon,ault,or oth��proa�dlnp att�ctlnp th�F+rap�rty(3nntc►h�n6Y aPPolnts Undu as Itt anorn�yIn•fact to cortrrwnce.Intervena In,and(Q ..
<br /> drfemor fa eny aqion ue�rrorrml elu�omli�lo�andNay�n�n�np o iM ectlons dacribed In lhis parapr6ePn c►a�ny damagsa reault�lnp thelrofrom�. INothlnp� j
<br /> � contulned hanln wlll prevont Land�r Irom taklnp iha actlone d�tulb�d In ihf�paragreph In Its own neme. . ••
<br /> � 14. INDEAANIFICATiON. Lsnd�r�hall not aisurtr or b�nspon�bl�la the p�rfom�anw ot any ol drantoYe oWlgatlons with rocp�ct to mo Proporty undorAD � ___
<br /> any dreunutanc��. Orantor shdl Immediatdy provlde I.�nd�r with wrinen noficd oi end Indertnliy end hold Lencler and Ita eharoholders.Wrectore,otlicera.� -
<br /> omployNt end ap�nt�harml�s�from ali clalrrM,dertrp�s.Ilabiliws(�nGudinp enorneyi tNi ond legal expanne�),causee of nctian,actione,sults anc� , ,
<br /> � other I�gel Ftocadinga(wmuletivNy'Clalrt»')p�rtelning lo iha Prop�dy(Indudlnp,but nol Iimltedb,thoso Involaing Heznrdoua Mntorinla) Ornntor,uponr � j:iu
<br /> I tho reqw�t of Lender,thall hire lepal cc�untal to d�t�nd Lendor Irom wch Glalrtr,nnd pay the allornoys faea,log�l ox�nws and oiher coste inwrred In�`� n
<br /> conrnctlon th�nvrlih. In th�aU�rnefivs,Lender thell b� entltled to�mploy Its own lepal counsel to defend such C nlms at f3rnntor'a cosl. Orantor� j �
<br /> � oMlpetlon ta Indermlly L�nd�r under ihls paregraph shall survlv�1he t�rminatbn,relsa�e or fa�clowre of thle�eed of Truat. , �
<br /> 16. TAXE8 AND A88E88MENT8. arentor ahall pny ell lauss and atssatmente relatlny to Property when dua and immodiatoly provldo Londer avldenco � —
<br /> .I o}�y�t n}��. Upon th�nqwst of L�nd�r,Oranta sh�ll d�poslt with LsncMr eaeh morNh one•iwelfth lt/t 2)of the eetlmated ennual Inau►ance � -
<br /> + prertium,tax�s and asa�ssrr�nts perteinlng to th�Prop�rry. 90 IonO as thera Is no detauit, thece amounts shall be applled to the payment of taxoa,
<br /> asaeasments and In�urana as requlnd on the Propsrry. In the wenl ot default,Lender shall ha�e th9 ripht,at fta aole optlon,to apply the funds so held to
<br /> pay eny taxea or agalnat lhe Obllgatlons. Any funds epplled rr�Y,at Lendsr's optlon,be app�led in roverse order of the due date thereot.
<br /> � 16. IN8PECTION OF PROPERTY,BOOKS,RECORQS AMD REPORTS. Cirantor nhall allow lender or Ita ngents to examine and Inspoct the Properly
<br /> and exemine,inapect and meke copies of C3rantora books and record�peAalninp to the Properry Irom time to tlme. (3rantor shell pravide any assiatance
<br /> required by Lender fw ihese purposos. AU of the signetures and L�formatiort eontalned In Orentor'a books and records shall be genulne,true,accurate and _��n__
<br /> coiTpiete In all respects. �rantor shell note ihe existeneo of Len�ers beneflci�l Interest In Its books and records perteining to the Property. Additionally,
<br /> (irarrtor shell report.In a torm satlafactory to Lender,such Infom�atelon ae Lender mey r ueat regarding Cirantore flnandal conditlon or ihe Property. Tho I _
<br /> Infom�atlon fumi�bedf by a am tol.ender hail bea rue,aocu a e and complete In ali�respe�da,rand slgnodlby Qrant e�if Len�der reques s.�y�atgnate. All .
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<br /> 17. EBTOPPEL CERTIFICATEB. Wlthin ten(10)daya afler any request by Lender,aranta sh�l deliver to Lender,or any Intended trenafetee of Lender a --
<br /> rights with respeol to the Ohllgations,a slgned and aclviowledged etatamem specHyAng(a)the outstending belenoe on the Obllgations;and(b)whether
<br /> C-enlor pos�esa�s eny dalms,detenses,�et-a8e or oounterdalm�whh reepeet tothe Obllpatlonsand,lf so,ihe neture of such Galms,defenses,set�oHa or V
<br /> c...�terdalm G amor wl1 he condushrety bound by eny representatlon thet Lender may rriaks to tho Intondod tronntoree with respect to these matters in ,�;
<br /> lhe event ihat arantor falls tc,,�rovide ihe requeeted slatement In a timely mannec ���
<br /> . 1& QEFAULT. Gra�tor shall be In default under this Deecl of Tmst and the Trustee's power shall become operative In tho event that Cirantor,Borrowor or �__
<br /> . any guarantor of the Oblipatlons:
<br /> ' (a) falls lo pay any Obligation to Lender when due;
<br /> � (b) tells to per(ortn any Obilpatlon or breaches any wartanry a wvenarn to Lender cantaNied In this Deed of Trust or any other present or fulure `^_
<br /> 8���"�� w sefzure,conOscation,ar cendermatlon; e
<br /> ' (o) destroys,loses or dartiages the Properry In any material respect or eubJects the Praperty k�_
<br /> (d) seeks to revoke,tertrVnate or otherwise Nmit fts IlabNfty under eny guaren►f�to Lendar; --
<br /> (e) diea,becorres legally IncompeteM.Is dissoNed or terminated,be�Wis haa an involu�iWery petition�in benlwptcy fll�ed intwhkh Cirantor�Borrower f�l J�
<br /> debta as they beoorr�due,fllea a petition under the federal ban�wptcY � ��,
<br /> or any guerantor la named,nr has property teken under anp w►it or process of coun; ��
<br /> � (� allowa goodc to be usod,trancponed or stored on thB Property.the posaesslon,trenspor�ation,or use of whleh,is Illegal;
<br /> - (9l ���Y P�Y oti�nr ii��nr�G�ariar ar^atro:.•sr ic a�:.;krs er undenekp eny obllgatlon without the written eonsent of Lendar,w ','��;�
<br /> (h) causea Lender to deem Itself insewre due to a slgniflcant dedine In the value of the Property:or It Lender,In good talth,tor any reason,beiieves �,��:`_
<br /> • that the proapact of payrtient w peAom�ance is impeired. • ,._,-�---•
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<br /> 19. RlGHT3 OF LENDER ON DEFAULT. If ihere Is a delaup under ihis Deed of Trust,Lender shell be entitled to exerclse one or more of the following �?K ,��
<br /> remediea without notice or demand(exeept as required by law): . " � S�°°�-_
<br /> � (a) to dedare the Obligatbns Inrnadlately due and payabie h tul; °� € -
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<br /> � (b) to collect the outetending Obligations w8h or without reaorting to judidal process: eS:� k'^a-
<br /> (c) to roqu lre QreMOr to d e l lv e r e n d m e k e a v a l l e b l e t o L e n d e r a n y p e r e o n a l p r o p e r ry o r C h a tl els constitutin p lhe Pro p e A y at a plaoe reasonahly <
<br /> ' � I convenl�nt to Cirantor and Lender; ��� -
<br /> ' (d) lo erner upon and take poaaeaslon of the Propeny wNhout applyln9 for w obtalning the appolMment of a receiver and,at Lender's optton,to , ,�__—
<br /> � � appotnt a recsiver without bond,without first bringing a�t on the Obllpationa and withoul olherwiee meeling any statutory oonditbna regarding G�,�,�,�-
<br /> : � reoelvero,ft being Irttended that Lender ahell have thls cornrectua�r19M to eppolnt a reoeNer, ��_
<br /> (e) to employ a rrenaging ageM of the Propeny and lot the sama,either hi Trustee's own nerne,In the neme of Londer or in the nertw of Grantor,and �.s�,;
<br /> i reoetve the ronts,incomes,Issuee and proflta of tFe Properry and apply the eame,after payment of all neoessary charges and oxpenses,on aeoount ot �'`��Q�
<br /> � the Ohligatbna; E���"�
<br /> � I (f) to pay any sums In any fortn or manner deemed expo�ent by Lender to protect the seartty of thls Deed of Trust or to eure eny de}ault other than f+�,.����
<br /> � payment of interest or prindpal on the Obligations; `` -
<br /> (g) to foredose thia Deed of Truat judidally or nonjudidally and to direct the uale of the p►operty through exerdse of the power of sale as referanoed in �.:_
<br /> , ' � paregraph 20 hereof in acccordence wflh applfcable lew; ���y'`
<br /> (h)to set-0fl arantor's Obllgations ageinst any amourne owed Cirantor by Lender Indudng,but not Ilmlted to, monles,inatruments, and de sit ''q"'`��-.��-
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<br /> aoeounts maintelned whh Lender or any aRamly existing ar tuture affiliate oi Lender,and ;��'�+��i��::.aw�
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<br /> � (q to exerdse all other righis avatlade to Lender under any other wdtten agreement or applicable law. •�-- 3-
<br /> i lender'n dghte are cumulative end may be exerdaed together, aeparately, and In any order. In the event that Lender Institutes an actbn seeking the �+_�. -
<br /> reeovary of any of the Property by way of e prewdgment romedy In an actlon a nst arantor, Grentor w yves the sting of any bond which mi�ehdt . }°�,"�"�`s:
<br /> � othorwlse be requlred. Lender or Lender's designee maypurchase the Propeny at�any sele. Proceeds of an Trustees�sele hereunder ehali be appl ..��Z �''''
<br /> � flrat,to the costs end expenses of exordsing tho power ot sde and of the sale,induding the paYment of ihe Trusteo s feos actually Incurred and not to 'k ' '.4'�
<br /> , excead the emount whlch may be provided for In thla Dead ol Truat,second,to payment of the Oailgatlona secured hereby,thlyd,to the payment of funior :�.:•_
<br /> irust deeds,mortgagas,or other Ilenholders,and the balanco,a any,to the person a person�lepally entitled thereto. Thoproperly a any part thoreoi may „•%�t�. . .
<br /> be sold in one parcel,or In such paroels,manner or order as landet In Its sole dlsuotlon may eleet,and onn or moru exerdses of tha power herein granted
<br /> � shali not extingulsh w exhaust tho power uniess the entire property Is sold or the obligations are paid In(uli. .
<br /> ' 20. TRUSTEE'S EXERCIBE OF POWER OF SALE ON DEFAULT: If Lsnder elecis to soll Qrantors intorost in tho Property by exercise of iho power of �
<br /> { eale hereln eontalned,Londer ahall notliy Trustee in ihe rnanner then requlred by Iaw.
<br /> Upon reeelpt of sueh notice of Lender end at the dlrecllon of lander,Trustee shall cause to be reeorded,publlshed and delivered sueh notiees of defeult •
<br /> and notices of saie as may then be requlred by law and by thts Dood of Trust. Trustee sheN,only at the diroctton of Lender and without demarsd on C3rentor,
<br /> ' aiter such time as may then bo requlred by Iaw and after recordation of such notlee of defeult and after notice of saie having been givon as requlred by law,
<br /> seli the Property at the time and placo of sale fixed by It In sudi notice of sale,either as whole a in separate lots or parcels or Noms as Lander shall deom ,
<br /> expedient,and In such order as It may determine,at publlc aucdon b the highest biddor for cash In lawful money of the UnKed Statos p�yable at the time of
<br /> ' snle,or as othprwise may thon be requked by law. Trustee ahall deliver to such purchasor a purchasors thereot Its good and sulfident deed or deeds
<br /> conveying the proporty so soid,but wfthout eny cavonent or wartanty,ou(xess or Implled. fio redtals In such deed of any mattors or facis shell bo I
<br /> wn�usive proaf ot ihe truthfulnoss thereof. Myp�rson,Ineludng,wfthout Ilmitatlon,(irantor,Trusteo or Lendor,may purchase at sueh sale. Trustee may
<br /> In ihe mannor provldod by law posipono salo of all or any portion of Ihe Propcarty. �
<br /> 21. RE�UEST FOR NOTiCES: Grantor requesis ihat a copy of any notica of default and a copy ot eny nasice oi saie nero�r,dar�,�raii�;i�aa:,���raa� � - �
<br /> , who Is a party heroto et the address of such porson sot lorih herein at tho same time and In ihe sarrx�manner roquirad as ihouyh a separete request thereol ;
<br /> hed beon filod by oach such porson. �
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