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<br /> � . 2!, gECURITY INTEREBT UNDER 71iH UNIFCii11A COI�AMERQI�IL CODE. Thb Daad of Truet chell be cansidared and be effedive at ae n�cin�' i -
<br /> •latsrtrm and e Oxturo Illing pureuant to th� poNslons o1 th�Unitortn Cormrrclal Cade (aa adopted In tha atate where the reel properry , ~
<br /> , ar��rinp flxlun�,chattN�,�nd enicle�ol nonN prop�rly now owned or heraaftsr aneched ta or to ba uaed In carnactlon wlth Ihe Properry toge�h�r with _
<br /> eny and nll nplaamente thereol end a tlom ihersto(tho'Chanots'),end arnntor herebygrnntn Lender a eacurity Interast In auch Chanals.The debtor Ia � �
<br /> i the Orentor datulb�d above. ThI�DMd of Tni�t wIU b��HkIN�as e flnancinp tinUmsm illed ao a ilxture tiling wuh rospact to ell fiz�uros hicludod withln � �,
<br /> �ald prertia��end Is to b�filed for record In tha real estete r�oords of each oounly whsre nny pan ol eald promisea 1lncluding snld fintuea) la eBuatod. Thla
<br /> p�ed ot Trusl shall eleo bs effsctivv na a ManGnp staterr»nt coverinp any other premleea and mey be flled In eny other approp�iate filinp or recordingCO ;•
<br /> oHirw, p cubon,photographlc or other nproduClon of thl�DNd ot Tru�t or of any flnanGnp atat�ment relating to ihle Deed ot truet shell bo euHlclent as a� i -
<br /> flnanGnp�tat�ment tor any of ihe purpows refarrod to In ihis Paayaph. The secured party Is tha Lendor descdbed abavo Upon domand.0rantor ahell
<br /> i rro1a,ex�cuts end ddlver�uch sacurity apresrroma(a�euch id►m In defined In seld Unitorm Corrmorclel Code) as Lender at eny time may doem� �
<br /> ' necoaaery or proper or requlred to prant to Lender a perfa,ted feeurlty Intarest In tho Chenele,and upon Qrantor'n feliure to da so. Lendc►r ie autfariz9d to�
<br /> � �Ipn nny such nproamont n�ihe agent of Orantor (3rentor hereby authorltes Lendor to fYe finendng etetomonts(ao euch tortn�s dofnad N seld Uniform�
<br /> Cotrm�relal Cods)with respeet to ihe Chatts�s.at any timo,wllhout ths elpneture oi C3reMor. Cirenlor wlll,however,at any tlmo upon ruquost ol Lendei,�
<br /> tlpn euch flnancing�talament�. Orantor wlll pay all Nllnp I�st lor th�fillnp d such flnanGng statartwnte and tor the refliing ihereot at the tirroa requlred.In�
<br /> Ihe opinlon of Lender,by aeld Unlform Cortmerdal Code. It ihe Ilen ot thlt Daed of Truel be subJect to any aecurity agreement cove tho Chanela,then�,
<br /> �Lneodi�to�pet�e�with�the beneei ot e�y depo tn or paymems now orh eafler rred4er�hereof by df0I110�Of he'prfedecessonn lorl�axcer a�ao ebk�lltle ot� �
<br /> � pranta in tha Proparry•
<br /> I 23. REIMBUHBEI�ENT OF AMOUNT8 EXPENDED BY LENDBR. Lerder,at Lender'e op lon,may expend tunds(Including attomeya�eas end legal . ,_
<br /> expentes)to pedortn any act requlred to be teken by Grentor or to exerciso any dflht or rertredy ol Lender undar lhis Oeed ot Truat. Upon derr�nd,(3runtor .-
<br /> I �h e l l I r m l e d ia ts ly ro i m b u t s e L s n d�r t a a l l s u c h e m o u n t�e x p�nded b y Lor�ler t o g ether whh Intereet lhereon at the lower of tha highest rete described In any ,�,�:
<br /> � Oblipatlon a ths hiphest reta ellowed�y law hom the date of paymerrt uMll the date of relmbureament. Theae aums shall be I n c lu d e d In t h e d e A n i t i o n o f ��"�
<br /> I Obligatbne hereln and cheN be secured by the benefldel Interostgranted heroln. If the Obtigatlons of'pald�a8ertions effer the�bagY�nin9 al P�dicatlon of
<br /> � I aale,as hereln provlded,or In the event Lender shall,at itc sole optlon,pemit�renlor to p a y nny part h 9 a .-�
<br /> I notice of nele,as herein provlded,then,arantor�hell pay on demend ali expenaes Incurr e d by the Truetea and L ender In connection with anW p u b licatlon, �
<br /> 1 k�dudin g reasnnablo attomeys fees to the ettomeys tor ihe Truatee and torthe Lender,and a reasonable fee to the Trustee,end ihis Deed ot T►ust shall be � ._ _
<br /> � securily for&II auch expensea an d tees. _
<br /> 2q, AppL,ICATION OF PAYMENTS. The Truqee shaN aaaly the proceedt of the truetee's eaie 8rst,to the costa and expensas of e:erciaing the power af
<br /> sale and of the sale,Including thepaymern of the Trustee'a teea actually lncurred not to oxoeed t�e amourrt which may bo provided taln the Deed of Trust.
<br /> ' bal�anode t1}a�ny,y to the persai�o�pe�raones luegally entHled tehe etoTrust,thlyd,to lho paymem of junlor deeds of iruat,mortgeges a other Ilenhaldars,and ihe
<br /> � ?b. POWER OF AITORNEY. arantor herebyappoInts l.ender as Its attomeyIn-facl to endorse C3rentor's nemo on all Insiruments and other documents
<br /> perteining to the Obligatlons ar Deed of Trust. In addiUon,Lender shaN be enthled,bul not requIred,toperlorm any action or ececute any document _
<br /> roqulred to be taken or oxecuted by C3rentor under thia Oeed of Trust. lenderspe Aamance ot aueh adlon or executlon of such doamsnte ahall not
<br /> ralleve Cirantor(rom any Obligatlon or cure any default under ihis Oeed of Truet. P�I'owers of attomey cbsulbed in this Deed ol Trun1 are coupled with an
<br /> � '•' IMerest end are irrevocable. '
<br /> 2E. SUBROfiAT10N OF LENDER. Lender sheil ba subrogated to tha riphts of the hoider of any previous Nen,searity Interest ar encumbranee
<br /> ,� discharged wflh funds advanced by Lender regardless of whether ihese ilens,security Irnereeta or other ancumbrencea have been rebesed of reoord. `: ��.:
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<br /> ,. 77. COLLEC710N COSTS. To the extent pemitted by law,(3rar�tqr agees topay Lender's reaconeble fees and costa,Induding,but nm Nmflad to,feea
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<br /> and wate of attomeya and other egenta(induding wlthout Ilmitatlon pazalepals,clerke and conaultents),whether or not auch anomey or aperrt la an ��y:�._
<br /> err�poyee of Lender,which ere incurted by Lenrbr in oollacting eny,artiount due or entordng any ti�ht or rerr�edy under thls Oeed of Tn�at,whether or not ��j=�_
<br /> aun�a brougrrt.induang,bui noi iir�iiuii tu,nil faas an�tasis Ircurrc3 on a�J.!sf bsn4m�ptcy.?n� o►post•Judgmem collectlon actfons. ��
<br /> 28. PARTIAL RELEA8E. Lander rrey releaae ita Interest In a.�portlon of the Property by executing and reoording one or nnrc� Pertial Deeds ot �s��__.
<br /> Reeorneyanca withaut aHecting ita intereat in the remek�ing portion•ot the Proparty. Nolhing hereln ehall be deemed to obligate Le�der to relesee any of its g��_
<br /> Interest in the Propenyr(except as requlred un�ier Paragre�h 38 or e}may be otherwise required by lew),nor shell Lender be oblfgated to releaee any part ,���F__
<br /> of the Property If Orantor la In detauft under this Deed of Trust. Tlie.11en and sewdty INareat created by the Dead of Trust remain In eHect with respect to �,±�•-,
<br /> � that portion of the property,ae deftned In the Deed of Trust,that Is riot the subJecl of iF�is or any Partlal Deed of Reconveyance A::��.,�..
<br /> 2�, 1�10DIFICATION AND WAIVER. The modiflcatbn or walver 4t eny of Grantors Obllpations or Lendets righta under this Deed of Truat muat ba �_
<br /> % oortlelned In a writlnp slyned hy Lender. Lander may portortn any ot Bortowers or Ciranlor's�bllgatlons,delay or taii to exerdaear�y of ke dghts or aca� �
<br /> p coca�bn shaN not oonatftut�
<br /> ; paymenta from Citentor or enyone other than(irentor wflhout cauein�a waNer of thoae Obligatlona or riahte. wahrer on one � . .,
<br /> a waNer on any other oocasian. Cirantor'a Obllpations under this Deed ot Trust ahall not be aHe�catertdy if l.ender amends,oompromises exchanpes,felia to .�y�,
<br /> exerdse.Irtpal►s or releaaee eny o�nde�ta�fe�lwro�to I�na 6I �un�n a�rte�l pe�otor�r+�oi'any'ot ina Obii"gatione shall not�adae9e9med a wYddveane�I.ender eheli —..
<br /> ' third pnrty or eny of ihs Propsrty. Po ��*'�.��=—
<br /> have tho rlpht at any time ihereafter to Inalst upon st�ict pe r fortnance.' `_-
<br /> 90. SUB8TITUTE TRUSTEE;TRUSTEE UABIIJTY;COMPENSAI'ION. In easa of the death,inebllfty,refussl to aet or absence al the Truatee from ihe �_�Y�
<br /> s ta te w ho r e t h a r e a l p rope rt y I s I o e a t e d o r i n e a s e t h e h o l d e r o f t h e O b l lga t l o n a s h a l l d e s l r e f o r a n y reaaon to remova the Trustee or any subttftut�truttes as �.-,��-
<br /> trustes hereunder and t o eppolnt a new trustee In hia place and stea d,the holder of Ihe 0611gr�tlons Is hereby grarried f ul i power to appo i r ri I n w r i t i ng a _
<br /> substitute iru�ee for seld Truatee,9IId 1h@ 6UbS11IUI81N6i8B 6h811,wl�enappoInted,became suoceasor to all Hghts ot Trustee hereunder and the aame s hell __
<br /> beoort�e vasted In hkn for the purposes end obpcts ot thls Deed of 7rust wlth ali the power,dutles and obiigatlons horeln eonterred on ihe Trustoe. Trustee ,_-°'°�'.�l''�
<br /> shall not be Ilable for eny error of�ud�n�rn a act done by Trustee,a ba otherwlse responslWe or accourrteble under any ciramstenoes whataoevec ' v-=_;: __
<br /> T►ustee ahell not be penonaily Ilable(n eaee of ontry by It or anypne acting by virtue of ihe powera herein grarited k upon iha Oeed d Tnrat for debts ;�ty;•,'.
<br />� contreeted or IlabilNy or dartreges Incurted in ihe menagemant oS operation of sald prerNsea. Trustoa shall have the d�t to rcl on any InstrumeM, ��°- -
<br /> dowmem or signature authorizing or aupponing any aetlon talcen or.proposed to be iaken by It hereunder or belleved by1t In fahh to bege nuine. �;?�,�
<br /> "' Trustee ahall be enUtled to relmburo9mem for expenses Incurred by tt]n Ihe pertarr�enoe of its dutlea hereunder and to raaaon e oompenaation for auch �
<br /> of 8c servloea hereunder aa ahall be rendered. CiraMOr wlll,from tlme to time,pay caipensatlon due 7rustee hereunder and rehdwrse Trustee for and :'k��
<br /> _ save and hold R hertrieae hom and againat any and all bes,cost.Nabllity,darrege and oxpense whataoaver Inarted by It In the perfom�ence of its dutiea. � _ .,___ _�
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<br /> All moneys receNed by Truetee shail,until used or epplled as hereln proNded,be held h trust for thepurpoaes for which they were received,bul need nAt
<br /> 3 � be eegregated in any manner from eny other rtaneya(except to the extent requlred by law)and Trustee ahall bo under no liah�9ly fa Interest on any ��L�.+�`.�'�"h���
<br /> - moneys receNed by It hereunder. : '3 �'
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<br /> 31. 8UCCESSORS AND ASSICiN3. Thls Deed of Trust shall be dndfn upon aM(nure to the beneflt of OraMor and Lander and ihelr respectfve Y•3.;�?' .
<br /> � suaossors,asslgna,trusteea,reeeivers,admlNatrators,personal representa�es,legatees end devieees. •-
<br /> _ ; 32 NOTiCEB. Except as othenvise requlred by law,any notlee or other communlcatlon to be provlded undcir ihis Deed of Trust sheU be In w�iting and sent '
<br /> to the partlea at ihe addroesea desaibed In thla Deed of Trust or such other addresa ea the partles may deslgnate in wrfting from dme k tima. Any auch
<br /> notico so given and sent by flrst dass mail,postnge prepaid,shall be deemed glven the earller of three(3)days afler sueh notice h sent or when receNed
<br />� by the person to whom such notlea la being given.
<br /> , 33. SEVERABIUTY. YVhonever posslde,each provlslon ot this Deed of Trust shall be Interpreted so as to be effect�ve end valld under applkablo stato
<br /> � ;aw. If any provislon of thls Dead of Truat vlolales the la�v or Is unenforceable,tha rost ot tho Deod of Trust shall conlinuo to be valldand enforceablo.
<br /> 34.APPLICABLE LAW. Thls Deed of Trust ohall bo govemed by the laws of the state where tha real propeny Is located. Unlasaappikabie law provldes �
<br /> othorwise,Cirantor wnsenis to the Jurisdictfon and venue of any wurt selected by Londer,In Its solo discrotbn,located In that state. ,
<br />- 36. MISCELLANEOUS. Ciruntor end Londer agreo ihat tims Is of the essence. f3rantor walvos presantment,demand for paymenl notice of dishonor end ;
<br /> proteat except as rec�ulrod by law. All retereTMCe�o Or it'nTOr�f�oINOCBd�fhaNrn'mo161o1 Itlt O�A�led understandinc between a en orend Lender pertaining to I
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<br /> 1t19�f vP��ntW�w mwn w •••.'••�'__• •."' '-�."- -- � � • - '
<br /> the terms end conddlons�ierooi.
<br /> � 3E. NO THIRD PARTY RICiHT8. No person Is or shall be a third pany benefldary ot any provislon of thls Deed of Trust. Ail provislons oi Ihis Deed of
<br /> e.onselM to iho�modiflcatlon oineny provlslon of Ihis Dood of Truse,In�Lan�der a soho di ao 1on811 bo entitled to assurra or oxpecl thal Lender will not waivo or ;
<br /> 37. PREBERVATION OR LIABILITY ANO PRIORITY. Wiihout afiecling the Ilablllty ol Borcower.�rantor,or any gunrantor of the0blfgaibns,or any other �
<br /> porson(except a person urprossly roloased in writing)fa tho payrtx+rn and porlortnanco of Iho Obligations,ard wfthout atlocting Ihe rights oi Lender wHh �
<br /> rospcwh to eny Property not expressly roloasad in wriling,and without impalnng In any way iho prlority of ihis Dood of Trust ovor tho Inlerost ot an person
<br /> acqulred or(irst avidencod by rocording subsoquon�to ihe racording ai Ihis Deed of Trust,Lendor may,oilhor bofore or a�er ihe malurity ot the Ob�gatlons. i
<br />� and without notiCO or consent:roloeso any person Ilablo forpa ymont or pedomiance of all or any part of tho Obligntions,m�lce anY agreament altering iho II
<br /> tonns of payme nt orpc�rformanco ol all or any part oi iho Obllgations;exnrdso or rofrah from oxorcising or walvo any riaht or rortady that Lendor may havo
<br /> cowringthe Obl�gatlons� A yPpersonl acqukfng�oi ocordin g�ovldon�ot any�ntegespot�anyrnewro nr ho Proportyashall bendae amc�drby a�ulrinp cuch !
<br />� , Interost or recording any ovidonco ihoreof,to have consented to all or any such actions by Londer ,
<br /> � vopa a of 6 �
<br /> NEDOTD Aw 297
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