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<br /> ,+ hroat�e�d a�t110 RIG nT'O�OMME�Q��p,N i PEo�ny 4�a hersby aPpc�rrts�l,.e�nd�e�r as It�attoe yn��aet t ca irm�ence,lnterv ne i�n,end � „
<br /> def�nd such ectlom,wlis,or oth�r lepol procs�dngs end to comprorrite a settie eny dalm or comroveny rlaln�ng�ereto. l.ender shail not bs Ilabls to i �
<br /> aontelned hereln wlll prevent Lent�hom taldng M Ictlons„de lec,�becl�nt h�sif�a egraph In�ita wn nn�rnoe���r�y ��6 rdsuiting therafrom. Nothing �
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<br /> 14. INO�MNIFICATION. Und�r�hell not asaurn�or bs ntpon�lbls lor the perfomxnce ot any of Cirantor'a odlputbna wflh reapect to tho Propeny unde� �1
<br /> any dreumetencs�. Orenta thaM Irtm�dlatNy provids Lend�r with wrltlen notice of and Indertnlfy nnd hold Lender antl fis shareholdera,dlroctora,olficera(�p
<br /> � employ�ea and apant�hemiloss trom ell dafrtu,darregea.�1eW��tles(ind�iu�n�riom�e'notfllmlted olehgoal�'np�en�n9.���us Matorlals)�I O entor�upon� M
<br /> 1 a�her lpel proo�ednps(cumulatNeiy'Clalnx")p�rtalnlnp to the PropeRy l -
<br /> t h e r s q uen of Lender,shaN hire Isgal coun�el to dstend Lender hom sueh Cialrtx.Find pay the attomeya faee,leg,al ex nsos and other coste Incurred In^
<br /> � connoction thorowith In the alternatNe. Len d er n eh�b eumv le ho e rr�at lon 1 6ra ea�fo r�ecl�u lro of thf BnDaod ol Truls� at�rantor s cost. Qtantor's j J
<br /> oalgatlon to Indamnlry Lend�r under thls paregraph �
<br /> 1 1 6. T A X E 8 A N D A S S E S S M E N TS. aran�o��I pa yr�lio�s h a i l d e p o s�l w hn L e n d e r�n e ao hp m oni h o n e i w e�h(1 1 2 1�hete�s Inated ennua�lrinwranee� _
<br /> � ot paymsm of�ams. Upon th� sque �3
<br /> � prem(um,taxes and assasaments penalnlnp to the Proparry• 30 �ui9 aa there is no dafault,these amourne aF�ail be applied to the payment o t texes,
<br /> ataessments and Insurence as required on the Property. In lha evem of defaufl,Lender ehall have the right,ai qs sole optlon,to apply the funda so held to �,
<br /> Jpay eny texes or ayek�at tha Udlpatlons. My(ueds ePP����Y,at Lender's optlon,be applled In reverae order of the due dete ihereof.
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<br /> 1Q. INSPECTION OF PROPERTY,BOOKS,RECORD8 AND REPORTB. c3rantor shall allow Lender a itsagantcto exernine and Inapect the Property
<br /> and exartine,inspecl and meke ooplea of Cirantor's booka and records pertelning to the Proparly from tlme to time.Grentor shall provide any asslatanee , . _____
<br /> requlred by Lender tor these purposee• NI of the algnatures and intomrellon contalned In arantor's baoks and records sheN be penulne,true, A�ddl�tional�d .t���_
<br /> . co m p lste In ail roapeets. (3rantor ehell notB the axlstenea ot Lendera benefldal Interest In its booka and recada pena(ning to the Property. Y�
<br /> �rantor shall repon.In a form eatiefectory to Len d er,su c h In fo rt re t l o n a�L e n d e r m ay r eat r e g a rdin g Oramor's Mendel condipon or the Properry. The ^}7
<br /> Intormation fumished by CiranPo tolsn d er ha b e tr�ueto e a u�d a n d c c m p iete in ei l res p e c t�ren���d bY(�rent�f Lenyderr q�s�Y�signate. A I I ,.,_
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<br /> 1T. ESTOPPEL CERTIFICATES. Withln ten(10)days afler any requeat by Lender,(3rantor shall dellver to Lender,or any Intended iransferee of Lender's
<br /> '� rights wRh respect to lho Obllpation�,a signed and acknowled0ed slalement cpecllying(a)tho oulstending ba�a�ce on the Ohllgatlons:and(b)whether
<br /> Q�t�posas�se,�any delms,de}enses,sot-ofis or counterdaims wilh reapect to the Obligatlons and,it so,the nawre of sueh clalms,de�enses,set�otts or
<br /> he yen th�et�rento�fall�a to pra Ide heereq�ue ted tatertwM fn a Uemaly�man er.�r�y�to ihe Intended tramferee with respect lo these mariera in
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<br /> 18. DEFAULT. Orantor ehail be In defaWt under thls Deed of Trust and ihe Trustee s power shell boeome operatNe In lhe event that Cirantor,Bortower or
<br /> . any yuarantar of the Obllgations: _
<br /> (a) fells to pay eny Obil9atlon to Lerder when due;
<br /> � � (b) fells to perform any Obi�Bet�on or breacfies eny warrnnty or ccvenant to Lender comalned in thia Dead d Trust or eny other preaerrt or future
<br /> • agreertient;
<br /> • (o) deatroys,ksea a clarrepes the Properry In any material reapect or subjects the Property to seizure,conflacatlon,or condermatlon; �
<br /> (d) aeek�to revoke,tem�inate a othervviae Iimlt fts Ilabillty und�t�Y 9Ue�Y to Lender;
<br /> a k {''` �o-
<br /> � �a� dies�twoorr�es Iepally incompeter►t,la disadved w terminated,beaomea In:olvem,makes en assignm�r�(or the beneflt of c�editors,feiis to pay
<br /> dehta as lhsy beeoma due,fliea a peUtion under the federal banlwptoY IawF,ha:an Invoiuntery petltlon In banlwptcY flled In which drantor,Bortower ,;.��*, �
<br /> or any ouninrdLr to rartr°d,os ltss�o�'r!Y talwn undar ony wr�or arocasa of coun: _-
<br /> (f) allorys gooda to be used,trensported or staed on the Property,tha possasslon.uansportanon.or usa of wii�}�,io fA�ai; '� �, _�
<br /> (g) al�cnrs any party other than arantor a Borrower to assume or undertske any Ob�igatlon without t�heif��a�i sent off�hafor any reason,believea " --_
<br /> (h) cauees Lender to deem itaelf Ineecure due to a al�iBcant decllne in the value of the Property: 9� -�r�
<br /> that ihe prospect of payrr�ent or par(ormance Is Impaired. � �
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<br /> # 19. R{GHTS OF LENOER ON DEFAULT. If there Is a default under tMs Deed of Trust.Lender shaA be enNllad w exercise ona or more of the fdlowing r`
<br /> 5 remedes wfthoul notiee or demand(except aa requlred by law): '�4;
<br /> � (a)to dedare the ObligaUona Imnedatety due and payabie in full: 3
<br /> (b) to colleet ihe outetendin9 Ob09atlonawith a without resortleg to judidal prooeas� or Chattels constit�dng lhe Property at a plaoe reasonably ` ;a•
<br /> (a) to requlre C3ramor to deliver and rreke available to Lender eny personel ProPe►►Y
<br /> eonvenlerrt to(iranta and Lender, � � for or oblainln the irnrrent d a recelver and,at Lender's oplbn,to -
<br /> (d) to aMer upon and teke possassion of the Property without app�y�9 0 °�° :,.� _
<br /> appolnt a rooeiver without bond,without flrot bringing cuit an ihe Obllgationa snd without otherwise rneetlnp e�Y sletutory eondtlbns ragardiny
<br /> reoeNers,ft being imended that Lr,nder ahell have thle oontraetudl right lo appolnt a receiver, ���
<br /> !: (e) to ertploy a menaging agent of the Propeny end let ihe same,eRhe'rie T�a�e�y�'of all neoesaeryLcher9ea and expenses,o�n aceo�unt�of �;i:
<br /> Y receNe the rems.Incomes,Isauea and proflts of the Proparty ePP�Y -
<br /> the Obligatlona; r����
<br /> (f) to pay any aums in eny form or menner daemed expedient by Lender to protect ihe security of this Deed ol Trust or to cure eny defauft other than -?��__ �
<br /> '�� payrront of intorest or pdndpel on the Obligatbns; , '�.,.� �;:•-
<br /> (g) to foredose thl�Deod of Trust Judidally or nonJudidelly end to dreol�he sele of the property through exerdse of the power of cale as referenead In ?�_.
<br /> x i peragraph 20 hereof In soocordence wi�i aPPNcable law: ,.c ��r'"°- -- s--
<br /> � (h)to aet-0tt dremor'a Obllgationa agalnst eny amoums owed arentor by Lender Including,but nd Nmikd to,monles, Instrumema, and deposft _ _
<br /> aocourris rrelntalned wHh Lender a any currently exleting or(uture attillate of Lender;and
<br /> (q to exerdae al�other rights availeble to Lender undor any other;written egruement or appllcable Iaw. �- __�.•
<br /> Lender'e ri�ts ere cumulatNe and may be exerdsed togather,seperetely,and In eny order. In the event thet Lender Institutes en adlon seeking the �.;:���„r4.
<br /> recovery o any of the Property by way d a prejudgrtwrrt remedyIn en actton agalnat�ramor,�rantor wsives the Posling of any bmd whieh rtigM
<br /> otherwise be requlred. Lender or Lende�e deslgnee maypurehese the Properry at eny sele. Proceeds d any Trustee s eele hereunder shall be applled �..,; _ 1Mirr.
<br /> flrst,to the costs and expenses of exerdahg the power of�ale end of the sale,Indudn of ihe�Obl�Batlons secuedthe ebey,e hlyd tol�thle payment ot fuNor ., , , , _
<br /> exeeed tha errwix�t whlch maY be Ixevided�or in thls Deed af Trust,second,to payme thereofi may .
<br /> trust deeds.moAgages,or other Ilenhdders,and the balance,lf any,to ihe person or persons legally entftled it�ereto. The propertY or�We�herein gremed
<br /> � be sold In one parcel,or In eueh paroela,manner a order aa Lender in its sole disaetbn may olect,end one or more exordses of the
<br /> BheJl not extingulsh or exhaust the power uNess the arnire propeny is sold or the obllgatlons are paid In futi.
<br /> �le herelgnTcoEtelnedELender ah all n�o��Tn�is eeAn he rr��ner�thert reQ i e�by Iaw�s to sell arantor's interest N�he Properry by exereise of the power of �
<br /> �� Upon rocolpt of sueh notice of Lender and at tho direetlon of Lender,Truatee shal�eause to be rocarded,Wa��d deUvered auch notlees of dofauh
<br /> and notleea of sale as ttv�y ihen be requlrc�d by law 2nd by thls Deed of Trust. Trustee shall,only at ihe dfracllo�ol I.onder and withaut dei�nd on 4rantor,
<br /> aher sueh tlme as may then bo roqulred by law and afler recordatbn ot such notleo of defauit and after notke of eale having been givon as requlred by law,
<br /> soll the Proporty nt the tirtxa and place of sale flxed by H In such ratlCe of sab,eliher as whole or In separate lota or parools or Items a3 Lender shall deom �
<br /> oxpedient,end In such order as it may dotemtine,at puMlc auctlon to 1he highest Wddor for cash In law(ul monayof the United Statoa p�yable at the time of II
<br /> sale,or as othenvlse may then he required by law. Trustoe shsll doNvor to such purchaser or purchasers 1F�ereof Its good and suf8ciem deed or deuds I
<br /> conveylnp the properry so sold,but without any covenant or warcamy, oxpress or Implled. The recitais In such deed of enY matlers or facis shall be
<br /> condualve proo(of the iruthiulness thoreof.Any Pe:son„IMd�ud^ngf 1nohP���atbn,Orantor.Trustee or Lender,may Purchase at cuch sale. Trustoe may i
<br /> In iha mennor pro�aeo oy iaw F,i,eiF,:,��a-�..�d.....�.,�_..:_.._. .-: . .
<br /> 21. REQUES he�tR 81�he eddressrof�such persontsnt to h herelnn 1 ihe�came�me a d nahe saymo maruier requked as tho gh a parato roqu st thoreol �I
<br /> who Is a party
<br /> had been flled by each such person. �
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<br /> NEDOTC pev-297 Pape9d6 I
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