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<br /> I (d) Orantor has the right and ia duly authorized to execute and peAorm iq Obligationa under thia Deed of Truat and these actiona do not and °
<br /> � ehall not conflict wlth the provislona of any atatuto,regulatlon,ordinence,rule of law, contract or other agreement which may be bintlfng on i �'-
<br /> Grantor at any tlme; j .
<br /> (e) No aotion or proceeding Is or ahall be pending or threatened which miBM matorial!y aHect the Property;and ' •
<br /> (f� (;rantor has not vlolated and ahall not violate any atatute, regulatlon, adlnence,rule of law,contract or other agreement(including,but not .
<br /> Ilmlted to,those paverning Hazardoua Materlais)which mlqht materially atlect the Property or Lender's righta or Interest in the Property pursuant � �j
<br /> to this Desd of Truat. �
<br /> 3. PRIOR DEHD3 OF TRUST. Cirantar representa and warrante that there are ao prbr deeda of trust aHecting any part of the Property except as set
<br /> forth on 3chedule B attached to thla Deed of Trust,whlch f3rantor agreea to paY and perform In a tlmely manner. H there are any prfor deeds of trust rE
<br /> then Grantor agreea to pay all amounis owod,and perform all oblipatlona requlred,under such deeds of trust and the Indebtednesa secured thereby
<br /> and further agroea that a defnult under any prlor deed of truat shall be a defedt under thfs Deed of Trust and shali entitle Lender to all rights and -
<br /> remedies contalned hereln or In the Obligatlons to whlch Lsnder would be entlUed In the event of any other default. ! _
<br /> � 4. TRANSFEH8 OF THE PROPERTY OR BENEFICIAL INTEREST8 IN ORANTOR8 OR BORROWER3. In tho event oi a safe,conveyance,lease, G
<br /> ' � contract for deed or transfer to any peron of all or any part of the real property described In Schadule A,or any Interest thereln,or oi all or any
<br /> �beneficlal interest In Borrower or(irantor(If Borrower or drantor Is not a nataai person or persona but Is a corporation.Ilmited Ilablliry company, ,
<br /> „ partnerahlp,trust,or other legal entity),Lender may,at Its optlon,declare the outstending principal balance of the Obllgetlons plua accrued Intereat
<br /> `r thereon Immedlately due and payable. At Lender's request,Orantor or Borrower,as the case may be,ahall furnfah a complete atatement aetting forth
<br /> �all of ite stcekholders,members,or partners,ae approprlate,and the extent of lhelr respective ownership intereste. ^
<br /> ' 6. ASSIGNMENT OF RENTS. In conslderation of the Obllgations which are secured by thla Oeed of Truat,drantor absolutely assl8ns to Lender ali
<br /> (3rantor's eatate,rlpht,title,Interest,clalm and demand now awned or horeafler acquired in all exlsting and futura leases of the Praperty(Includlng �
<br /> iOO extensionu,renewale and subleases),ali agreements for uae and occupanoy dthe Proparty(all such leaees and apreements whether written or oral,
<br /> Q�are horeafter referred to as the"Leasea"),and all euaranties of Ieasees'performance under the Leasea,together with the Immedinte and continuinp ,
<br /> riyht ta colieot and receive all of the rents,Income,receipts,revenues.fssues,profits and other income of any nature now or hereafter due(Includinq
<br /> 1 any income of any naturo coming due durinp arry rodemptlon period)under Ne Leasea or from or arising out of the Property.Inctuding minimum „�tr l ,
<br /> renta, additlonnl rente,percentage rente, parkin8 or common area malntenance contributions, tax nnd Insurance contrlbutiona, deficfenoy renta, ,.
<br /> Ilquldated damapes followinp default in any Lease, ail proceeda payable under nny poilcy of Ineurance �svednp losa of rentn ronultlnp irom •�• :+;'•;-'
<br /> ' untenantabllity oaus�d by dsstructlon or damape to the Proporty,all proceodspayabls as a result of a leas�e's�xercl¢�ot an optlon!o purchas�the "� - �
<br /> i Propsrty,ail procesde dsrlved from the terminatlon or reJeatlon of any Lesse in a benkruptoy or other Insolvsnoy procsedinp,and all procseds}rom -�-
<br /> any rlphte and clalma of any kind whlch Ornntar may have apalnst any lesaea under the Leasea or eny occupents of the Property(nil of the above are
<br /> � hereaftsr colleativsty refsrrsd to as the"Rents'►. 'fhls aoslpnment le subJect to he rlght,power and authoriry pivsn to ths Lsndsr to call�ot and appty .. . - -
<br /> the Rents. This assipnment ia recorded In accordanca with appllcable state law;the Ilen created by thla easlpnment Is intendsd to bs speciflo,
<br /> peAeated,and choate upon the recordlnq af thls Deed of Truat, all as provfded by eppllcabie atate law as amended from tlme to time. Aa lonp as -
<br /> j there Ia no default under the Obligatlona or thla Doed of Truet,Lender grants Ora�tor a revocable Ilcense to collect all Rente trom the Leases when .
<br /> due and to uss such procseda In tirantor's businesa operations. However.Under muy at any time require Orantor to deposlt all Rsnta Into an •
<br /> � sccount mafntalnsd by Qrantor or Lender at Lender's Institutlon. Upon dofaulln the payment of,or In the pertormance of,any of ths Obllpatione,
<br /> Lender may at Its option take posseaslon of the Property and have,hold,maruge,lease and oparate the Property on terme and for a period of time .
<br /> that Lender deems proper. Lender may proceed to colleot and recelve ali Rente trom the property,and Lender shall havs full power to make
<br /> alteratlona,renovatlona,repalrs or replacementa to the Property as Lender maydeem proper. Lender may appiy all Rents In Lender's aols dleeretion
<br /> � to payment of the Obllqatlona or to the payment of the coat of such alteiatlone,renovations,repafra and replacementa and any expenses Incident to ��
<br /> taklnp and rotaiNnp posseaslon of the Property perlodically and the managanant and operatlon of the Property. Lender may kaep the Property ��-
<br /> properiy Insured and may discharge any taxea,chargea,elalms,assesamenro and other Ilena whlch may accrue. The expenae and coet of these • �
<br /> aotione may be pald from the Renta recelved,end any unpald amounts ahall be added to the principal of the Obllgatlons. Theae amounts,together
<br /> with other costs,shali become part of the Oblipntions secured by thla Oeed of Tmst.
<br /> 8. LEASES AND OTHEH AaREEMENT3. Orantor ahall not take or fali to take any aatlon which may cauae or permit the terminetlon ar the
<br /> rrlthho!d!ng of pny pa;ment irt cenneMien wllh em�Leese pert?Ining te 1!??Pre�rt;. �R eddltlen.rrentor,wlihe��t Lnd�P?ptlM wt�ttw�rnpa��t,ahAll _-__.- -
<br /> � not: (a)colleot nny moniss payable under any Lease more than one month In advunce; (b)modlfy any Lease; (o)aselgn or allow s Ilen,security
<br /> I Interest or other encumbrance to be placed upon Orantor's righte,title and {nkrest In and to any Lease or the amounts payable thereunder;or (d) •
<br /> i terminate or cancel any Lease exeept tor the nonpayment of any sum or othermaterlal breach by the other party thereto. If�rantor recelves at any
<br /> time any written communlcatlon assertin a defauit by Orantor under a Lease or purporting to terminate or cancel any Lease,arantor ahall promptly �
<br /> I fornard a copy of euch communloation�and any subsequent communlcatlanarelating thereto)to Lender. All such Leases and the amounta due to
<br /> Cirantor thereunder are hereby asalgned to Lender as additlonal security for the Obligatlons.
<br /> 7. COLLECTtON OF INDEBTEDNE33 FROM THIRD PARTY. Lender shall beentitled to notlty or requlre�rantor to notliy any third party(Inoluding,
<br /> but not Ilmlted to,lesseea.Ilcenseea.povernmentel authoritles and Inaurancecompanles)to pay Lender any Indebtedness or obilgation owing to ..
<br /> Grantor with reapect to the Property(cumulalNety'Indabtedneas')whethor o�not a default exlsts under this Desd of Trust. Orantor shall dllipsntly �t
<br /> colleot ths Indebtednesa owing to Qrantor irom these thlyd partles untll the givlag of such notlficatlon. In the event that Orantor posseeaes or receives
<br /> posaesalon of any instruments ar other remittancea with respect to the Indebtedneas following the piving of aueh notiftcatlon or if the Inetrumenta or ` '��ti
<br /> � other remittances constitute the prepayment of any Indebtedness or the payment af any Insurance or condemnntlon proceeds,Grantor shall hold +-w;;ti•.�� � _
<br /> such Instrumenta and other remittances In truat for Lender apart from Ita other proparty,andorae tha instrumerta and other remittances to Lender, �.�+r.
<br /> and Immediateiy provlde I.ender with poasesalon of the Inetrumenta and otha�ernittances. Lender ohali be entitled,but not requlred,to colieot(by „ f�n: �-
<br /> iegal proceedings or otherwise),extend the tlme for payment,compromise, exchanga or raieasa any obligor or collateral,or othenerise settle any of .,, '.�• $°°�r
<br /> ths Indebtednesa whether or not an Event of Default exlata under thls Deed of Tmst. Lender shall not bs Ilable to Orantor for any aation,arror, �%y•� -
<br /> � mlatake,omisaion or delay pertaining to the actlona descrlbed in thia paragraph or any damagea resulting therotrom. Notwithstanding the foregoing, "'�*'` � _
<br /> nothing herein�hall cauae Lender to be deemed a mortgegee•In-possesslon. �,: °
<br /> 8. USE AND MAINTENANCE OF PROPERTY. (irantor shall take all aotions and meke any ropafra needed to malntaln the Propsrty In goad �-=�.��'�'
<br /> condition. (irantor shali not commit or permit any waete to be commltted wilh respea to the Property. drantor ahali use the Property solely In ;',��,,;,-
<br /> compllance with appllcable law and Inaurance pollclea. Grantor shall not make any alteratlon�,additlone or Improvemente to the Property wlthout
<br /> Lender's prlor written conaent. Without Ilrniting the foregoing,ail elteratlons,�dditlons and Improvements made to the Property shall be suOJect to � `
<br /> the beneficlal Intereat belonging to Lender,shell not ba removed without Lender's prbr written consent,and ahall be made at Cirantor's sole expenae. �
<br /> • 9. LOSS OR DAMAtiE Grantor shall bear tha entlre rlak of any loss,thoft,desuuctbn or damage(cumulatively"Loas or Damage')to the Property or ^•.- � •!fi•
<br /> any portlon thereof from any cause whatsoever. In the event of any Loss a Damage,Cirantor shall,at tha optlon ot Lender,repair the affeoted . ��r�.;,`
<br /> Proporty to Ita provioua cond�tlon or pay or cause to be pald to Lander the decrease In the falr market value of the affeoted Property. •�'=."°
<br /> � ' 10. INSURANCE The Property wlll be kept Insured for its full inaurable vatue (replacement coat)against all hazerds Including loss or damage �-��''�
<br /> _ � caused by ilood,oarthquake,tornado and fire,theft or other casually to the extent requlred by Lender. f3rantor may obtaln Insurance on the Property -.
<br /> : from such eompanlea as�e acceptable to Lender in Its aole dlscretion. The Insurance polloles shall requlre the Ineurance company to provide ,
<br /> ! Lender wlth at least days'written notice before auch polieiee are altered or cancelled In any manner. The Insurance pollciea shall
<br /> i name Lender as a Iosa payea and provide thet no act or omisslon of Orantar or any other peraon ahali aNect the rlght of Lender to be pald the �
<br /> ' 1 inouranoo proceeds pertaining to 4he Ioss or damege of the Property. In the event Grantor falis to acqulre or malntaln Insurance, Lendor (after j
<br />_; i praviding notice ae may be required by law)may in ita dlscretlon procure appwpriete insurance coverage upon tho Property and the insurance coat
<br />- i shell be an advance payable and bearing Interest es described in Paragraph 23 and secured hereby. Grantor shall furnlah Lender wlth evidence of I
<br />-- Inaurance indlcating the requfred coverage. lender may act as aflorneyIn-faa for Carantnr In making and settling clalms under Insurance pollcies. �
<br /> cancelling any policy or endoraing Grantor's name on any draft or negotiableinstrument drawn by any insurer. All such Insurance pollcfes ahall be �
<br /> immediately aeafgned,pledged and delivered to Lender es further sRCUrity tathe Obligatlona. In the evont of losa,Grantor shall Immediately glve � '
<br />- Lender wtltten natice and Lender is authorized to make proof of losa. Each Insurance company is directed to make paymenta directly to Lender
<br />_ inetead of to Lender and Grantor. Lender shall have the rlght,at Ita sole optbn. to apPly such monlea townrd the Obligations or toward the cost of
<br />. rebuilding and reetoring the Property. My amounte may at Lender'a option beapplied�n the inverse order oi the due dates thereof. �
<br /> 11. ZONING AND PHIVATE COVENANTS. firantor shall not Initiate or consenito any change in the zoning provtsions or private covenanta affeating
<br /> the use of the Property without Lender's prior wrftten consent. If Grantor's useof the Property Is or becomes a nonconforming usa under any zoning I
<br /> provislon,Grantor ehall not cause or permit euch use to be discontinued or abandoned without the prlor wrltten consent of Landor. Grantor wlll !
<br />= Immedietely provide Lender with written nottce oi any proposed changea to thetoning provislons or private covenants aNectfnA tho Property. �
<br /> - i2. CONDEMNAT�ON. Grantor shall immediately provide Lender wfth written notice of any actual or threatoned condomnation or eminent domein �
<br /> - proceeding pertaining to tho Property. NI monies payable to drantor from such condemnation or taking are hereby assfgned to Lender and shall be
<br /> . . .� u...� w. ��.. .. e..� ..� �....I..�e aw.....e..�• Iveo lu.nl u neva en�l nfhnr Mofn llnnl��dinn nnnrulunl fnnel In rnnnOMlnn wl}h th0
<br /> - _��u� ...o. ... ..�.. �.8j'::..... ... . . �_ a_. _Y�°..'_""._ _..._.
<br /> Condemnetlon or eminent domain proceecifngs and then.at the optlon of Lender,to the payment of the Obligationa or the restoretion or ropair of the
<br />- Property.
<br />= 13. LENDEFt'S R{GHT TO COMMENCE OR DEFENO LEGAL ACTIONS. Urantor shall immadlately provide Londor with written not�ce of any uctual
<br /> or threatened action,suit.or other proceoding affecting the Property_ Grantorhereby appointa Lender es Its attorneyfn•fact to commence,fntervene
<br /> in.and defend euch actlons,suits.or other Iegai proceodings and to compromse a seflle any clalm or controveray pertaining thereto. Lender shall
<br />- not be Ilnblo to Grantor for nny nctlon.orror,mistuko.omission or delay penaining to the actions deaCrlbed in this paragraph or any damagea
<br />- re9uitinp therefrom. Nothfng cantained herein wiil prevent Lendor irom takinglho actions doscribod in this paragraph In ita own namo.
<br />� 14, INDEMNIFICATION. Lender shall r,ot assume or be rosponsibie for the pertormance of any of Grantor's obligatlons w(th rospect to the Property
<br /> under any cfrcumstEtnCes. Grantor shHll immodiatoly provide Londor with Knttcm notico of end indemnffy and hold Lendor and Ns shareholders,
<br />� directors,oHicers,employees and agents harmloss from all cialms. damages. Ilabiifties (Including attorneys'fees and�egal expensos),causes of
<br /> acllon.actions,sults and othor legal proceedings(cumuletively'C�aims'1 penafning to the Property pncluding,but not Ilmited to,those Involving
<br /> Hazardous Materfals). Grantor,upon tho requost ot Londor.shall hire logal caunsel to defend Lendor from such C�aims,and pay tho attorneys'feos.
<br /> . lepal oxpenses and otlier costs incurred in connectlon thorewith. In the alternalivR.Lontler shall be entitled to vmploy its own legal counsel to defend
<br /> such Clalms at Grantor's cost. Grnntar's obligation to indemnffy Lender underthis paragraph shall surv�ve the termination,release or foreclosure of
<br /> this Deed of Trust. /� (�
<br /> •• �I�NF!>��fl � fo�mAt,o•,�oc���•aoq�os.��� ��� yM.i Itl00in.11tl9n i•nqc2nt5Y�`J ����
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