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<br /> Ot-0g-199a DEED OF TRUST ;� j _
<br /> Loen No 828309 (ConUnued) � 98— �������
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<br /> , provldod balow unloss Trustor eltfi� (e)P�Yd►he tax betore II becomes dellnquent,or (b)cont�sla th�luc as proNded abova In lh�Tocss�nd �
<br /> Uens section and deposlNANCIM(�STATEMENTB.„The lollowlnp proWSl na�re atnp to h�D d ottTr sl as a securdily apr�rtNnl era i parl ol '
<br /> ' SECUFi1TY AOREEI�AENT,F �
<br /> thls Oeed of Trust.
<br /> i S�CUtlty AprMln�nt. Thls Instrumint 6hnil constllule a security RQreement to the extent any ol lhe P►oPsrty constilules flxtures a olher
<br /> personal propMY, and Lender shall have all of tho rWhts ot a s�CUred party undor ih�Unlform Commercitl Code oa amended lrom tim�to _
<br /> tlme.
<br /> i S�cuMty Int�n�t. Upon r�quast by Lender,Trustor 6ltall axecut�flnl�nclnp 6►alemonis an addlU0nhlo�reCOrd�np�hh DMd olUTrust U ihs�M '
<br /> to pertect and continu�Undsrs security�nt�rast In the R�nts and P�rsonal Prop�rty.
<br /> properry records,Lander msy,nt any time and withaul furth�r autho�iuuon hom Trusta,flla�x�cutsd counlKpsrts,coPIK c►nProducllons of
<br /> I Interest�dUponr dsfault,Tr s or shaA'tssembk the tPersonal Propwly in�a m�tnne�ndit�P��a onably conwnl�nt to Truat�or tand LeedK
<br /> and mako Il av�Yabk to Lender wflhln three(3)dRys tRer rsceipt of writl�n d�mand hom Under. _
<br /> � Addrssses. The nutlinp addresses ot Trustor(debtor)and Lendar(seaured parry),horn wh�h Intormetion concarn�n0 the sscurity IntKat ,
<br /> i granted by thls Oeed of Trust may be obtalned(sach es requlred by th�Unifam Commercial Code),are as ateted on tFN flrst payo o11�is OMd
<br /> � of Trust. "''`
<br /> ` �s:i���11T����.
<br /> � FURTHER ASSURANCES; ATTORNEY-IH-FACT. The followiny proNslons relatinp to turther assurances and attorney-Irr-fact an a pM ot thk ,t._` —
<br /> peed of Trusl.
<br /> � Furth��Asaurmc�ti A1 any time,and hom tlme to time,upon request of Lender,Trustor wlll make,exe±ute and dellver,ar will r,tus�to br
<br /> made,executed or delivered,to Lender or to Lender's desipnee� and when requested by Lender,caf se�atebany andra I s ch mortp p1s� •.�.yc-�
<br /> rerecorded,as the case may be,at such times and In such oftices end places as Lender may deem app oP
<br /> deeds of trust,secudty deeds,securltY ayreements,Hnanclnp statements,con0 ndes able in order togelleotu o�compiet pureAact,co t nwt or
<br /> and other dxumenls as may,in the sote opinlon d Londer,be necessary
<br /> preserve (a)the obupatbns of Truslor under the Nole,this Deed of Trust,and ttw Ralated Documenls,and (b)lhe Ilens and sscurfty Intaats
<br /> law oe aq�eod o tehe contrary by LenderPn w U^y�u�a���mbur'se Lender for sl cosb and expeiases I icurredrin connsctlonlw'it�ihs I
<br /> matlers refeRed to In this pare9raPh. _
<br /> 1 Attomey-�n�aet• If Trustor fails to do any ot the Ihinps referred to In the precedirp parnyrtph,lender may do so f�?e�}«t�p � �
<br /> Trustor and at Trustors expense. For such purposes,Trustor hereby In•evo^„ably appolnts Lender as Trustors atlwney-�
<br /> of mak�np,executinp, delive�ing, �Ing,recordlny,and uolnp ell other lhinps as may be necessary or deslrable,In Lenders sole opinlon,lo -
<br /> � accompllsh the mstlers referred to In the preCedine paraqraph. �
<br /> � mposed upo nTrustorE nder ihis Deped ofgTrusL L ndeiesha execut and delivler�to T ustlee a�equest�for ui�reconveyBnce a d sha I exo u�t'e��d ^
<br /> � deliver to Trustor sultable statements of terminatlon of any Hnancinp statement on Nle evidenclnq Lender's secu�lty Interest in ihe Rents and the ,
<br /> _� Personal Properly. Any reconveyance fee requlred by law shell be peld by Trusta,If permitted by epplicable law,
<br /> -a GEFAt;�i'. Eacri af tha talo:�in�,et fhn pptlon of Lender,shBli constltute an event of default("Event of Default")under thls Oeed of Trust: ,
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<br /> DeMuit on Indebtednea. Faliure of Trustor to make any payment when due on lhe Indebtedness. ,_,�` t
<br /> Def�ult on Othe�P�rjlments. Failure of Trustor within the time requked by thls Deed of Trust io maka any payment tor taxes or Insur�nce�o� � . `�,,
<br /> . t.; :\''
<br /> ' any other payment necessary to provent fillnp of or b etlect dischflrye of any Ilen. ,.. ,,,}
<br /> Compli�nce Defeult. Falture of Trustor to comply wfth any other term,obllpation,covenant or condition conlained in this Deed of Trust,lha .. ,'h-
<br /> Note or in any of the Related Doauments. '„ '
<br /> Fdss Statementa. Any warranty,representadon a statement made a furnished to Lender by or on behalf of Trustor under this Deed of Trust. � �j y ^
<br /> } t h e N ote or the Related Documents Is false or mislendfnq In any materlal respect,elther now a et the tlme made or turnished.
<br /> 4 DetscUve CollaterNibllon. This Deed of Trust a any of the Related Oxuments ceases to be In f u n f o r c e a n d e tt e c t(I n c l u d i n p f all ure of an y ;� ,
<br /> f collaterai dxuments to c�eate a veud and pe�fected secu�ity Interest or Ilen)at any time 8nd for any reason. .
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<br /> Death or Insoivency. 7he dealh af Trustor or the dissolutton or termtnatlon of Trustor's exlstence as a 9olnp business,the Insoivency of .�
<br /> + 7rustor,the appolntment of a receiver for any part of Trustors property,any assipnment tor the benefit of credltors,any type of creditor wakout, ;_,�
<br /> y or the commencertrint ot any Proceedlnp unde�any bankruptcy or Insolvency laws by or agalnst Trustor. ..�
<br /> C��a,••
<br /> � Forecbwn,Forteiture,etc. Commencement of foreclosure or fortalure prxeedinqs,whether by ludtclal p Ho�wavie��thla}s bspecNon�atu�ll not �-r__
<br /> or any other mAthod,by any cre6lor o1 Trustor or by any yovernmental ayenay ayalnst any of the Property. ��'' ,�
<br /> � apply In the event of a pood falth dispute by Trustor as to the validily a reesonablenass of the ciclm wMCh Is the basis of the toreclosure or �
<br /> � � forefelture proceedin9�Provlded Ihat Trustor qives Lender wrilien nodce of such ciaim and tumishe�s reserves or a surety bond for th�clairn �:�. —
<br /> � gatisfaCtory t0 Lender.
<br /> �t.c:f .
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<br /> Breach ot Othe►A�eement. Airy breach by Truslor under the terms of any other ayreement between Trustor and Lender that is not rem�di�d �r�`,�, �
<br /> � withln any flrace period provlded Ihereln,Inciudin9 without Ilmilation any aqreement concernlnp any Indebbdness or other oblipatlan of Trustor ;.�,��.,�,.
<br /> to Lender,whether e�sting now Or later. �, ,,��.��
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<br /> Events Attectlrtp Guarentor. Any of the preceding events occurs wlih respecl to any(ivarantor of eny of the Indebtedness or any Gutrentor ::�,� ��
<br /> m�ay,�but shallenot be equked to, permit t e�SGuarant r'sa etate to assu�me uncondfUOnaily the oblfgatlonsearlsng undor therpuaranty I�n •
<br /> �.�`�`,: T��.
<br /> manner sailsfactory to Lender,and.�n doing so,cu�e lhe Evenl of Defauit. , '�;
<br /> Insecurity. lender In good(alth deems flself Insecure. • „ �
<br /> Ripht to Cure. �����elvell(12)�months1et8may'ber ou�ed(and no Event of Defaul wUl have occurr d)If T stor�veHenlender�ds vr�lten
<br /> wlthln the pr9Cedl g •
<br /> notiCe demending Cure of such 1811ure: (a)Cures the fa�lure withln fifteen(ib)days;or (b)It the Cure requlres more than flHeen(1b)days,
<br /> � Immedlateiy Initiates sleps sufficient to cure ih9 faYUre end thereaHer Continues and cornpletes aIi reesonable and necNSSnry steps suffk�ent ta
<br /> produce comptiance es soon as reasonably praCUCaI.
<br /> RIGHTS AND F3EMEOIES ON DEFAU.T. Upon the cecurtence ol any Event ot Defauit and at any rime thereatter,Trustee or Leroder,at Its option,
<br /> mey exerclse any one or mae of the tollowing rlghts nnd remed�es,In addition to any Olher rights a remedlos provided by Iaw:
<br /> � declarerall ndeb dnessps'ecured Iby ih s D ed ot Trust lo be due and payable and the same shall he�eupon beco e due and payab edwit oW
<br /> gny pre5enimenl,dem8nd,prolesl or notfce Of flny kind. Thereafter,Lender may: {
<br /> (a) Elther In person or by agent,with or without bringinp any aclion or proceeding,or by a recelver appolnted by a court and withoul I
<br /> regard to the adequacy of Ils serurity enter upon and take possession of the Property,or any part thereof,In its own name or In the narne
<br /> of Trustee,end do enY acts which ft deems necessary or deslrabim�hp PS nartvhor o8otect tha secunly of thetPboperty:1and,wiplh or wilho�i� I
<br /> Of the PropOriy or Inierest mina rroptlriy,�����QO��`���=•••-••-•••• �
<br /> tak�ng possession of Ihe Properry,sue for or otherwise cotiect►he rents�Issues and profits ol lhe Properry.�ncivainfl tnose pasi duv eiiry
<br /> unpaid,and appiy the samo.�ess costs�nd expenses ol opAration and collectlon,including a e po�f�n ot the Property.lhA onect on
<br /> by this Deed of 7rust,uli in such ordor 9S Lender mey determine. The entering upon&nd takin
<br /> of such renls,�ssues nnd profils.and the eppllcatlon thereof shall nol cure or waive any defaull or nohce of default under thls Deed ol Trusl
<br /> poS585S�on1eot Ihe Pr perly�orr/ho�coll9clo�Ce eept flndr pp ICatlon o��enls,�lssues oef�fits,Truslee lohslonder�Shallcbe Ienlll d o '
<br /> exerc�se every nght provided for�n Ihe Note or tho Reiated Oauments or by law upon the occurronco of any eve��t of default,Including the II
<br /> r�ght to exerc�so Ihe power of sale; ;
<br /> Ibl Commente an IIC►ion to �o�eclose th�s Deed ol Trust as a morlg8ge,appolnl a recefver or spectflCa�ly enforce any ot Ihe Cove�anls i
<br /> hereot:nnd
<br /> . inlere5lllln Iho Property to bes old CwhIICh not�ceeTrustee shatl CeuSe�o be duly f ed foe�eCOrd in'Ihe eppropnele OH CeS�of Ihe Countyrn
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