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<br /> • (a)�All applicable laws and regulatlom,InGudng,without Ilmlution,tho Americena whh D1sadYtlee Aa.42 U.9.C. Sactlon t2tOt et aeq. (e�d all �I
<br /> ' rapulatlons promulpated thoreund�r)and a!I zoniny end bulldinp lawa end rspulatlons relatlny to the Property by vlrlue af eny tederal.etate or nwxdclpal i , `_
<br /> aulhorlty wlih jurisdictlon over ths Property,pr�s�o1�Y an end ihall be observod and�amplled wlih In all rrtiiterlal reapeets,and aM rigMs.Ilcenses, #
<br /> p�mit�,and cenl(icatsn ot occupancy pnGuding bul not Ilmited to zoning variances, spedal exceptbns for nonconlo►ming uses,and(Inal Inspection ,
<br /> ' approveln),whsiher temporary or permanerA,whlch are mstedai to the uso and oecupaney of the Property, presoMly are and shall be obiNned, � .._
<br /> I preNrved and,where neoessary,ren�wed: � �
<br /> I (d)CireMor han the ripht and Is duly amhorized to exocme and parlorm its Obllqatbna under thls Deed ot 7ruat and these actlons do not und ehaA not �p � „
<br /> � oontlict with ths provlslone of eny atatute,rog�datton,ordhence.rule of inw,contract or other agreemant whlch rt►ay be Wnding on arantor at any 1Nna: _
<br /> (e)No ac�lon or prooeeding Is or shall be psndinp or thnatenadwhkh rtight matadally atteet ihe Property:and ~
<br /> � those floveming Hez'ardous Meterlalc)whlchamlght rr�todally aftectl�he P open�or Lendera�rlA tsr or�lntorostringho Pro�porty Ipura anbtut nthls Oe dtot� _
<br /> lTrust. �
<br /> " 9. PRIOR DEEDS OF TRUST• �rantor roproasntn end wananis that thero aro no prlor deeda of trust aflectlnp any pan of ihe Property excepl es set fonh�+ ,
<br /> on Schedule B attached to thla Dned of Trust,which arantor eqrees to pay end periortn In a timely manner. It there are any p�ior deeds ot truet then�
<br /> 1 arantor agrees to pay ell arraums owed,and perform a►1 odipatlons required,under auch deeda ol truet and the Indebtedness aecured thereby and lurther
<br /> ± h�ro n�or In he�Obligationsrto whl�ch�Len�der wouldtbe entibtlud In�tha even�of�any oteh�er defauj►t and shall emltio Lender to all►Ights and remedies contelned
<br /> � 4. TRANSFERS OF THE PROPERTY OR BENEFICIAL INTERE9TS IN ORANTOHS OR BORROWERS. In the event of a sale,conveyance,lease,
<br /> � contreet tor desd or transfer to any peraon of all or any part of the real property deaa�bed In 3ehodule A,or any Intereat tharoln,or of ali or any benefldai ;,�t,�
<br /> �� Interett In Bortower or arentor(If 9orrower or Orantor is not a natural raon or persona but la a corporation,Ilmlted Ilebllity company,pertnership,irust,or ,{,��---�
<br /> �_ other legel antity),Lender mey,at its opibn dedare ths oWatanding p nncipaI belence of the Obllgatlona pius aouued intereat thereon Immediateiy due end —
<br /> I p�arytn�e s,eat epproprlatee,�end t e exttem of tBhelrwespective ownerahiyP ntereats�mish a complete etatement setling forth all of Its stockhoiders,members.w — '
<br /> � 6. ASSIGNMENT OF RENTS. In conslderatlon of the Obilgatlons,whleh are secured by thls Deed of Trust,drantor absolutely esslAns to Lender all Kr '= `
<br /> Ci►entor'a estats, rlght,iflle, Intereat,delm and demand now owned or hereaRer acqulred in aA existing and future leases of ihe PrapeRy (�Guding
<br /> { extensionc,ranewa�t and�ubleaees),aN Agrcements for use and oocupancY of the Proporty(al�sueh leasas and agreements whether written ar aal,ere
<br /> hereafter reterred to as the'Leases7,and all guaranties ot lessees'pertortrenee undor tho Leases,�oqether wnh the lmmcdiato and eontinulrq right to
<br /> �� r,o�lect and recehre all of the ronts,income,reoeipts.revenuea,IsBUes,prolita and other incorta of any nature now or hereafler due(Including any Income of
<br /> any nature eoming due during any redemPtion perio�undsr the Leaaea or from or arising out of the Proporty Induding Mnimum renta,addftional rems,
<br /> percentage renta,parkinp or cormwn area maintenence I�nof�ns�urarice covering loss of ern�s dsulting�fromeu tn e antabllf�ty causnd b�desiruotl n o9
<br /> defauh in any Lsase,ail procor�da payade under eny Pd�Y
<br /> � • P pet'ty
<br /> darrege to the Property,all proceeds payable as a result of a lessee's exercl A�d a�I�oeeedaufr m8an t right and dai�of�enyd Idnd whidi arant r
<br /> terminatlon or re�etlon of any Lease In a bankruptey or other InsoNencyp��� P� y
<br /> me have agelnat eny lessee under the leasea or any oaunpamthe Lenderto coli�am�end applY the R nts.eThla aslslpn�Vment IaeRecorded inhaaorMdance with
<br /> �nt is aubJect to the dpht,power and authoriry gi
<br /> �. e state law:the Ilan created by ihis aestgnment Ia Intended to be spedflc,perfected,end choate upon the recordinp of this Deed of Truat,aN as ,�
<br /> proylded by ap�llcabie state Inw as amended irom ihx3 to time. As lon as ihere In no dafauB under the Obligations or ihie Deed of Trust.Lender grante --
<br /> hx
<br /> •, Cirentor a revoeable Iicenae to eollect all Renis trom the Leasea when ua and to use such proceeds in t3rantor's businessoperationa. However,Lender
<br /> may at any tirtw roqulre(irantor to depoait all Rente Into en account,malntalned by Orantor or Lander at Lendera Institutlon. Upon detaWt in the paynwr►1
<br /> � of,a In the perfortrence of,any of the Obllgatbns,Lender may at Ra optlon take poaseas�on of the Preperh�and havo,hoid,menege,lease and operate the . .
<br /> property on temb end tor a pa�fod of tkre that Lender deems p►oper. Londer rney proceed tu colk+ct and recalve all Rems hom the property,e�nldRe odln . `
<br /> � aheli have fufi powur tu rraks ati3rilar�s.rena:ailena rep����re aeamenta to the Proporly as Lender rrey deem proper. Lender maY aPP�Y __� _ _ .
<br /> Lsndera aole disaetion to paymant of the Odigatlons or to the paym'n�o�tql�e�i��na��nt antl op�aratlo of ihe Property t L�endu maY kaep he ` l
<br /> expenesa Inddem to toMna and reteinlny posaesalon of the Property pe •
<br /> 'J, propertp properly Ineured and may diacharge any texea,charges,Galms,ansaeamenta and other Ilane whieh may aouue. The expenso end eoat ot these `".�''. '�` ,�
<br /> � aqlons rr�ay hepaId irom the Renta reoeived.and any unpaldartqynic shell be added to the prindpal of the Obllyatlone. These artwunts,togelher wfth ':r f �'z`
<br /> $ other costs,shall Yeoome part ot the Obllgatlons secured by thls Deeti of Trust. '.� c
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<br /> � 6.LEASES AND OTHER AaREEMENTB. 3rantw aheY not taka a teil to take any aetion whleh may eause or permit the terminatlon or the withholding of
<br /> any payrnent In oonnectlon with eny Lease or other egreement CA9roement')pertelning to the Property. In adcfitlon,Cirantor,without Lendara prlor writlsn •,� , ,.,
<br /> i consenL sheil not:(a)collect enY monies payabie under eny Agreement more than one month In advanoe;(b)modily eny Agreement;(a)asaipn or allow a ,�. -r ,
<br /> ��en, eewrity interest or other anwmbrance to be plecad upon arentora rights,trile and intereat In and to any Agreement or ihe artwuMa payablA f . :
<br /> � therounder,a(d)terminato or cancel any Agreement excepc for ths nonpaymenl of any sum or other materlal breach by tha other party thereto. If Orentor ,.�>
<br /> y reoeivea at any tlme eny wrflten communicatlon assertinp a defaufl by drantor under an Agreement or purporting to temtinate or cancel any Agreemer►t. �� �;r_—
<br /> � arentor shallpromptly forward a copy of such communkatlon(and any subsequeM oommunicatlons rolating thereto�to Lender. All such Agreementa and fz "=-
<br /> � the errounte dus to C3►antor thereunder ere hereby aaaigned to Lender aa addRlonel eeeurity for the Obllgations. ,� � '_ -
<br /> � 7.COLLECTION OF INOEBTEDNE88 FROFA THIRO PARTY. Lender shell be eMitled to notity or requlre arantor to notlly eny thlyd party(Indudfng,but '�•°�r:
<br /> nol itmited to,leeseea,Ilcanaees,govemmentel aulho►itles end Inaarance oompaMes)to pay Lender any indebtedness or o611gatlon owing to Orentor wfth •:����
<br /> � respect to ihe Properry (cumu�atively Indebledness')whethor or not a detault exists under this Deed of Trust. Ciramor shall diNgently colleet the _
<br /> Indebtedneaa owing to(3rantor fram thase third penles urttil ihe giving of such natlflcatlon. In the event that 4rantor posseaaea or reoeNes poasesslon of ;:_,�i��`
<br /> � any In:wrnanta or other remittenoes with respecl to the Indebtetk�ess following the glving of such notlflcatlon or It the instrurtr�nts or olher remittances „�.:
<br /> eonstltute the propaymem of any Indebtednesa or the paymem ot any insuranee or eondermatbn proeeeda,Cirentor ahall hold sueh Instrumanta end other ...�ya:�•,.
<br /> �� remittencea In truat for Lendar epart fran Its other properry.endorse the Instrumeme and other remiqanoes to Lender,and Immediately provide LenderwRh �";,;�'�',
<br /> � poeaeaslon of the Instrumema and othsr remlttencea. Lender shall bs entRled,but not requlred,to collect(hy legal proceed�ngs or otherwise),extend the -��.��
<br /> ��rre}w peyment,compromise.exehenpe or release any obllpor or oollateral,or otherwise settle any of the Indebtednoss whether or not an eveN of defauft � ��_
<br /> � edsts under this Agreerrent. Lender shall not be Ilable to Grantor for any aellon,error,misteke,oMsslon or delay pertalning to the actions desuibed In lhis ,�,e�.�
<br /> iparagraph pr any damagea resul0ng therehom. Notwithstending the (uegoing, nothing horeln shall cause Lender to be deemad a ;,�.____. .__.__
<br /> , rtartgapeo•In•poaeesslon. '�,•'.��°n-t''�_M"
<br /> .n>. f�+�.
<br /> 8. USE AND MAINTENANCE OF PROPERTY. Cirantor shall take all actlons and make any repa�ra needed to malntaln the Property In good oonditlon. • .�
<br /> Grantor shail not commit or permit any waste to be cortrritted wilh respect to the Property. Grantor shall use tha Property solely In comqiance with
<br /> eppllcable law and Insurance polides. Grantor shall nm make any alterations,additions or Improvements to the Property w(thout Lender's prlor wdttun .�
<br /> wnsent. Wdhout Ilmitlnp the forogoIng,all alteratlons,additions and Improvemema made to the Property sheil be subJect to the beneficlal interea�belonping
<br /> to Lender,ehali nol be removed withoul Lender's pior wrNten conaent,and ehail be made at arantor's sole expense. •
<br /> ' portjo�n ihef eRo tromAa�ny cause�whatsoeverr Inethe�event of anyyLoss�or Damage,C�rantor sdha�l,9a iho pto n f Lenderrrepair the aHectod Pro��rty�t�e
<br /> ; previous condfllon or pay or esuse to be pald to Lender the dexease in tha felr rrarket value of ihe affectod Property.
<br /> 10. INSURANCE. The Property wlll be kept insured la fts(ull Insurable value(replacement cost)agalnst all hazards including lass or damage caused by
<br /> Aood,earthquako,tomado and flre.iheri or othor easualty to ihe:extent rcrqulred by Lender. Grantor may obtaln Insurance on the PropertY from such
<br /> � companles as are acoeptable to Londer in Its solo disuotlon. The Insurance polldes shall requtre the Insuranco company to provide Lender with at leact
<br /> � 3 0 days writton notice botao such poNdes are altered or eanoelled In any manner. The Insuranco pollcles shall name Londor as a loss
<br /> payee an��o r d�that no act or omisslon ot C3rantor or any other person shall atleet the right of Londer to be pald the Insuranoe proceeds pertalning to the
<br /> loss or damagv of the propoRy. In ihe ovent Cirantor falls to aoquko or malntaln Insuranee,Leneier(aftar provlding notico as may bo roqulred by law)may
<br /> in Its discretlon prowree.pp�oprlate Insuranco coverage upon the Property and ihe Inaurance cost shell be an advanoe payablo and boaring interest as
<br /> desalbed In Paragraph 23 and secured horeby. Orantor shall fumish Lender wqh evldence of Insurance Indieating the requlred coverage. Len�er may act i
<br /> as attomeyIn•faa for C3rantor In meldng and senling dalms under Insurence policies,cancelYng any policy or endorsing Cirantors narne on eny draft or
<br /> „o.,�,�at,ia instrumern drawn bv anY Insurer. All auch Insurance po�lcles shall 6e krrradlately assigned,plodgecS and dellverod to Lender as funher secutlty i
<br /> '_��_...�.�...�.�h...l.erl fn.n�ku mm�f OI IOS4 EHCh
<br /> for the Obligatlons. In the ovont oi bss.Orantor shalt Imrnoaieiery give i.vndnr wimvR i�vi:w a�..w....... ....-...-..-__ ._.._.._ �
<br /> insurance cortpanY�s directed to make paymonla directly to Lendnr instead oi to Lender end Grantor. Londor ehell havo the ripht,at Its sole opllon,to
<br /> apply sueh monlee toward ihe Obilgatlons or towerd ihe cost of rebullding end restoring iho Properry. Any arrwunts may at Lender's optlon be applled In
<br /> �ho Inverse order of the due dates thereof.
<br /> 11. ZONINti AND PRIyATE COVENANTS. Orantor shall not Initlato or consent to any changc�in ihe zoning provislons or privatu covenants aftecling ihe �
<br /> use of the Proporty wlthout Lender's priu wrltten consent. If Orantor's use�t the Proporty becomos a noncontorming use undor any zoning provislon,
<br /> Grantor ehall not cause�r permit sueh uso to k�e distontirniod or abandoned without iho prior wriflen eonsent uf Londer. Grantor will Irtrradatoiy provido
<br /> Lender wNh written notice of any proposed changes to Ihe zoning provislons or{xivate covonanis attectinp ihe Propony-
<br /> 12 CONDHMNAl10N. Grantor shall irmx3dietoly provlde Lctnder with wrinen notice of any actual or threatenod condortnation or orrinent domaln
<br /> procaeding pertalning to ihe Property. All monlas payable to Grantor irom such condermatlon or taking are horeby assigned to Londer and shall tw appIind �
<br /> hrst�o the payrrant of Lender's attomoys'toes.legal oxponsos and othor cosis(�ncluding appralsal feas)in connoctfon with the a�ndomnation or eminen�
<br /> domafn prou�odings and ihen,et the optlon of Lendor,lo ihe payment of tho Obligatlons or ihe rostoratlon or ropafr of ihe PropnAy
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<br /> NED0T8 Aw 297
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