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<br /> 15. 7AXE3 ANO ASS�SSMENT8. drantor shall pay all taxea and asaessmenis relnting to the Propsrtyr when due and Immedlateiy provide Lender �
<br /> � evid�nce of payment of same. Upon the requeat of Lendsr,(irantor ahaY deposit wllh Lendaruch month one•twelfth(t/12)ot the estlmated annuai
<br /> Insurance premlum,taxea and aseesaments psrtainlne to the PropeAy. So lang e►s Ihere Is nc defsult,theas amounts ahali be applled to the payment I
<br /> of texes.eesessments and innurance ee requlred on the Property.In the evenl of default Lender shall have the rlght,at its sole optlon,to npply the i
<br /> . fu�ds so hsld to pay any taxes or agalnst tho Obllgations. My lunds ePPliedn"+ay,at Lendeis aption,be app1ied In reverse order of ths due date I
<br /> thernof.
<br /> ' 13. IN3PECTION OF PROPEqTY, BOOKS, RECOROS AND AEPOATS.Oranar shtll albw Lendar or Ita agenta to examine and inspect th�
<br /> Property and�xamine,Inepeet and make coplea of Cirantor's booke and re�ds pertaining tolhe Property from time to time. tirantor ehali provicll�,.. .
<br /> any assletance required by lsnder for theee purposes. All of the siqneturee and Infarmatlon contained in Orantor'a books and recorde ahnll ba`�•'
<br /> psnulne,true,�a P(o ts 8��dmona�y,Cirantos shall rsportt�n�orm eatid�ctorytto U dK�s ch BMormatlon st�lsnder may equest epardjn� _
<br /> pertalninp to t e p rty
<br /> Grantor's flnanclal conditfon or the Property. The informetlon shall be to�wel�periods,ahtll relleat (irantor's records et such time,and ahsil bs�
<br /> rendered with such trequency as Lender may dosipnuto. All Infamatian furnished by Orentato Lender shall be true,accurate and complete in a�
<br /> respeots,and alyned by t3rentor N Lsndsr requests.
<br /> 17. ESTOPPEL CERTIFiCATES. Within ten (10)daya arier anyrequeat byl.ender. OnntashW deliver to Lender.or any Intended transfsne�
<br /> ' Lsndsr's riyhte wlth redp�d to th�Obllpatlons,a elgn�d and acknowl edyed artam�nt ap�aily� (a)the outatondlny balancs on th�Obllgatlone:an
<br /> (b)v�h�th�r Cirantor poss�as�s any claims,dtfsne�a,sst�oHs or cou�terclBMn�wNh reep�ct Io the Obllpations and,If ao,the nature of auch olaimq►-'
<br /> defsnsss,set�oNe or counl�rcialms. �rnntor wlll b�concluelvsly huund by my reprssentttion�hat Lsnd�r moy make to ths Intsnded trans/sn�witT� I
<br /> reapeot to these mattera fn Ihe event thet drentor fells to provlde the reWestN statement In atl�nely munner I
<br /> ts. HVEPITS Of OEFAULT.M Evsnt ot Dsfault ahall occur underthis 6eedol Truat a�d the irustee's power ahell bscome op�retive in the event that
<br /> f3rentor,Borrow�r or any Quorantor ot ths Obllpatlone: i '
<br /> • (a� tatle to p�y any Obupatlon to Lsnder when dw: ;��,:
<br /> (b) felis to p�Aorm any Obilpatlon or bndch�s any warrantyor covma�Nto Lmd�r conunsd In thla D�td of Trust or any other prlsent or futurs _
<br /> egreem�M; ��
<br /> (c) d�stroya,los�s or Gtmep��th�Pmp�rty In any maurial uspedor wb�aatthe Propiny to asl:uro,eonftaoatlon.or cond�mnatlon;
<br /> (d) eseke to revoks,t�iminets or othervrlas Ilmtt Ite IIebIIHy unde r eny guuanryto Lendei. '`_.
<br /> (s) dl�s,btcomt�Ispelly Incomp�t�nt,la dlssolvod or t�rrninated.bacames Insolvint,ma1�n an�sslpnmsnt tor th�b�rnflt of crsditoro,ialls to
<br /> pay d�bte a�th�y b�eom�dus,fll�s a pstltlon und�r th�fed�ral b�nkruptey I�we,hos an hvoluntary pstitlon In bankruptoy fiisd in whlch Orantor, .a}',.- �--�
<br /> Borrowsr or any puanntor If nam�d,or hns property tak�n under any wW o r proceet of taurt;
<br /> i (f) sliows poode to b�ua�d.tranaporlad or storod on the Propsny.lheposaculan,Iramport+tlon,or uee ot whloh,le IIl�qai: -
<br /> (y) allowa any party other thnn Cirentor or Borrowar to aesume or u�denake any Obipatlon withPutmt/he wrltten conaent ot Lender;or y
<br /> i (h) oaus��l.�nd�r to dsem Its�N Insecurs dus to a afpnifleant dxlin�io the value of U�e Pro e or If Lendsr,In poad falth,for an reason,
<br /> bellevee that the proapeot of payment or pertormence Is Impeirad.
<br /> � 19. RI(iHT3 OF I.ENDER ON EVENT OF QEFAULT. Upon the occurrence d a�Event ol Del4ult undsr this Ueed of Trust,Lender ahall bs entltted to .
<br /> exercise one or mon of the fol1owinp rsmedise without notics ordernu�d (esuptas requlredby lew):
<br /> i (a) to declare the ObYpatlons immedlately due and payable in fuY,sud�aculeratlon shsll be automntlo nnd Immedtate if the Event of Defnult is �
<br /> � a fiiing under the Bankruptcy Codr .
<br /> ; I (b) to collsot ths outstendinp Obllpationa with or without resorii nq to judici 81 prooess;
<br /> (c) to requlre(3rantarto delivsr and mak�avallable to Lender any peisonal p�opaly aCl^�ntl�is conetitutlnp ths Propsrty at a place rsaeonably g�
<br /> � convenlent to Orantor and Lender:
<br /> , (d) to enter upon and take posseaslon of the Property wfthout applyi npbr or obtalninqtha appolntment of a recelver and,at Lender's option,to
<br /> appolnt a recefver wllhout bond,wfthout firat bringing suit on the Oblipettone and�vithwc otherwise meetinp any etatutory condltions repardinp
<br /> ] recelvers,It being Intended that Lender shall have this contrectuelrighta sppointa receNer;
<br /> ;a) to emg!ny a managing agent of the Property and let Ihe eama,eAl�er in Truateee own name. In the name of L.snd�r or in ths name of __ _-
<br /> prantar,and recelve the rents,incomes,lasuea and profits of the Propsrty and aPFHY�e�me,niier Nay�nsni ot a!I naceY°sry charpeg end
<br /> expenasa,on accountot the Obilgatlons;
<br /> {f) to pay any sums In any form or manner deemed expedlent by Land�r to protect theaecaity of thla Dt+ed of Truet or to oun any default othsr ;`.
<br /> than payment of Intereat or principai on the Obliqatlona;
<br /> (g) to foreclose thle Deed of Trust�udlcially or nonJudieldly and to dYad the sala d the property throuph exerclse of ths power of sai�as
<br /> refarenced In paragnph 20,hersln,In accordance with applirsbl�law;
<br /> (h)to setoff Cirantor's ObYpatlona agalnst any amounts owed (iientorby Lender Includng,but not Iimited to,monlea,Instrumenta,nnd deposit
<br /> accounts malntalned with Lender or any currently exlating a future affi�te of Lender: end �_.,«
<br /> p)to exerclse ali other rights avallnble to Lender under a�yotherwrfttenaqreement or epplicable law.
<br /> Lander's riphts are cumulative and may be exercfae�toeether,sepa�at�y,and in eny adar.In the event that Lender inatitutoa an aotlon eeekinp ��;���
<br /> the recovery of any of the Property by way of a preJudgmeM remedy In an action agPMN arantor.(3rantor waives th�postlnp of any bond which
<br /> might otherwise be requlrod. Lender or Lender's deslgnee may purchnse the Propeny at any sale. Proceeda of any Trustee's eals heraunder „w,�, __
<br /> shall be appiied firot,to the costa end expenses of exardsing Ihe porar of sale and of the sale,including the payment of the Truatee's feea " ,^ _�
<br /> aotually incurred and not to exeeed the amount which may ba provi ded tor In thle DaM of Trust,second,to payment of the Obllpatlons secured ,, ���_
<br /> hereby,thlyd, to the payment of Junlor truat deeds,mort�agee,or dhe� Nenholders,Nd the balance,if any,to the psreon or p�reona Isgaly� , : �_
<br /> entitlad therato, The Property or any part thereof may be eold In oneparcel,or In aucA parcels,manner or order as Lendsr In Its sol�dlacration ..:,,..,. ,
<br /> may elect,and one a more exerclaea of the power herein granted shill not extinpufshar exhau�tha power unlesa the sntln Prnpsrty la aold or �; : .
<br /> the oblfgatlons are peld In fu�l. ;`��� ���;,�r
<br /> 20. TRUSTEE'5 EXERCISE OF POVVER OF SALE ON DEFAULT_ Upo�defaun by Borro�+r In payment of any Obllpntions seCUnd hsrsby,Lendsr ,_.,,y,h, _ __
<br /> may deciare all auma,s�cured hereby,immedlately due and peyabb and�hsN cause to be fi led ot rocord a wrltten notics of defauit and eliatlon to - =.,���
<br /> s cu
<br /> aeli the Properly. After the lapse ot such tlme as then may be requlred by law followinq recadation of auch notice of defauit,and notic�ot sals
<br /> having been piven as then requlred by Iaw,Trustee,without demand on Grenta,ahall sel l wch Property,elther as a whole or In eeperate parc�ls,and -: �=_
<br /> In such order as it or Lender may determine,at public auatlon to the hqAast bidder. Uustee may postpone the sals of all or any pnrtion of the '
<br /> � Property by publfa announcement at the time and place of sale,and iro rn wne to time thaentter may poatpone ths sals by publlo announcement at , _":.�,�„
<br /> the time and plaee flxed by the precedinp postponement. T�ualea shnll de`ver to sueh purchaeer its deed conveyinp the property,or portlon thereot. � �'.( ' ^,�'� �;�
<br /> so sold,but without any covenant or warranty,oxpreas or Impted. ihe redtals In such dNd of any mattera ot faat or othsrwis�,shall bs concluaive n;�rx:°��r
<br /> proof of the truthfulnsssthereof. Any person,lncluding Granta.T►utlea a le nder, rnry pmch ase at such sale. •.;:?�;-;,"'�•
<br /> 21. REGUEST FOR NOTICES. Grantor requesta that a copy of any notke of default and e copy of any notice of eale hsreunder be malled to sach �a-•:; ° •;.
<br /> request hereof h d b en f led by each suc�person.Person sel fo�th he�ea at the same tlme and in the same manner requlred as thouph a separate ,�`
<br /> 22. SECURITY INTEREST UNDER THH UNIFORF�COMMERCIAL CODE. Thfs Deedd Truat shali be conaidered a tinancinq statement and a .
<br /> flxture flling pursuant to the provisiona of the Uniform Commercial Code(as adopted intl�a slate where the Property is lacated)covarinp fixtures,
<br /> chattels,and articles af peraonal property now owned or hereefter enached to a to be u sad in conneotfon wlth the Property together with any and ail
<br /> replacaments thereot and additiona thereto(the"Chattels'), and C3rentorheraby grants Lender a security Intereat In such Chattels. the debtor Ia the
<br /> Grantor described above. The secured party Is the Lender descr Ibed above. Upon dernu�d,Grantor shall make,execute and dellver such securlty
<br /> agreements(ea such term is deflned In sald Uniform Comme�dal Coda)m Lender atanyYm e may deem necessary or propsr or requlred to grant to
<br /> Lender a perfected security interest in the Chattels,and upon Gra�tar's fa�hre k do ao,Lendar le authorized to eign any auch agreement ae the agent
<br /> I of Grantor. Orantor hereby authorizes Lender to tile tinancing statemenh�as such term Isdefined in said Unfform Commerclal Code)with respeot to
<br /> the Chattels,at any time,without the slgnature of�rantor. Grentor will, howaver,at any time upon requeat of Lender,afpn such flnanciny atatementa.
<br /> { Grantor will pay all fding fees for the filing of auoh financing atatements aad torthe rofilitptt�ereof at tho times requlred,In the opinlon of Lender,by
<br /> safd Unitorm Commercial Code. If the lien of thla Deed of Tmst is aub jad to any securiryegreement covering the Chattels,then In the event of any i
<br /> I default under this Deed of Truat.all the rlght,title and Interestot Grantain and to any and all of the Chattois Is heteby aeslpned to Lender,topethtr I
<br /> with the benefit of anydeposita or paymenta now or hereafter made theieof by Grentora the prodeceasora or successors fn titie of Grantor In the
<br /> Property. �
<br /> 23. REIMBURSEMENT OF AMOUNTS @J(PENDED BY LENOER.len dei.at Lender's oqlon,may expend funds(Including attorneys'fees and Iegal
<br /> expensea)to pe►torm any act required to be te.ken by Grantoi or toexerase any righl orrernedy of Lender under this Deed of Truat. Upon demand,
<br /> �..i....i...w�..e��e..a..�n.nll c��rh mm��nfc oxnw�d hv l tinder �methor wHh intereat thereon at the lower of the hlyhest rate
<br /> � viai�ivi oi'u:i.-:.'.v.''.:..�..� .............. .
<br /> descrlbed In any Obllgetion or the highest rate allowed by law iram ths date vf payrnent until the date of refmbursement. These aums ahan be
<br /> included in the definitan of Obligetions herefn and 8hall ba secu�ed bythe beneficlet IMOrest pranted heroin. If the Obligations are pald after the
<br /> beginning of publicatlon of notice of sale,as horefn provided.o r in tF�e erant Londar shaY, at its volo optfon,permit Orantor to pay any part of the
<br /> Obligatlons atter tha beglnning of publlcation ot notice of sale,as hereaprovidod,tnen.Gr antor ahall pay on demand all expenaes Incurred by the
<br /> Truatae and Lender in connection with safd publiCatlon,inClud�ng teasoneblet ettorneye' t�oa to tho attorneys for the TruBtee and for the Lendor,and a
<br /> roasonoblo fee to the Trustee.and thia Dood of Trust shall be socurity forall such expen�e�and feea.
<br /> 24. APPLICATION OF PAYMENTS. Ail payments made by or on boh�lof Granta m aybe applied against the amounts paid by Lender(including
<br /> attorneys'fees and lagal axpensos)in connectfon with the oxerci9e ot iniights or romoo�es dnscribetl in this Deed ot Trust and then to the puyment
<br /> of the remaining Obiigalions fn whatever order Londer chooses.
<br /> 25. POWER OF ATTORNEY. Grantor horeby appoints �onder es its attaney-in•�act b endorse Grantor's neme on all inatrumento nnd other
<br /> documents pertalnmg to the Obligations or Deed of 7rust. In addfUOn, Lend or shal I be onYlled.but not roquired,to porform any action or oxecute any
<br /> documont required to be teken or executed by Grantor under Ihis Deed ol l'rust. Lender's performanco of such actlon or executfon of such
<br /> documents shall not rd�ovo Grantor trom any Obligation or cure anydelault under th�s Deod of irust All powers of attorney doscribod in this Oeod of
<br /> Trust are Coupled with en interest and are irrvvocable.
<br /> 26. SUBROGATION OF LENDER, Lender shall be subregatod to tF�o��gh�s of �ho hdd�r of any prov�oua Ifen. secunty Intereat or encumbrancs
<br /> discharged with funde advancod by Londer rogardlosa of vrhemo r t�ese�nns.secunry inluests or other encumbrancos have beon relpasQd of recor
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<br /> �1`Nf S�n: • �o�mql,a��ct^+P�oyro ��< �'t H 9U1 �E00�9.11�)99 �`nqo J ol 5 � f ��.
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