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<br /> 1A LEHBER`S R(aHT TO CQt�'l�110E OA a�'t�'3i a tEGA�ACTl�lw t�°r shJl im�diataly orovids Lsnder vrith written rtotice ot any acwal or , `- -, �- -=- --- -
<br /> threatenad action,suit,or othar praceedng affecCn9 tho P�'°P�►N Grantor haroby appelnts Lender as its attomey-�n-fad to wrtmenoe.Irttarvane�n.and `-----,-'� � ,,,`
<br />� • dstond sueh actionsr suiis.or othsr Isgal proceedngs and to eort�.vamiso or san!e any dafm or corrtroversy pertaina�g therato Lender shali not!x�liabte to �
<br /> ' Qrarttor tor any aGion,ertar,mistake.omi2sion w deley pertaining to the aGions dosaiaad�n this paragraph o►anY darre9es rewl�ng thereham NciFing ;�
<br /> � ocntained harem will prevartt Lertder from taldng tha actioas desaibed m ihis paragraRh m its awn name . � •
<br /> � 14. INDENSVIPICATId1V. Lender shall not assume cr be responsib!e tor the pertam�ance ot any of Grantor s obligaiions wdh respeu to the Property under . . `-
<br /> ; any drwtnstanoes. G►arttcr shall irter�edatelY Rrovida Lendar wnh written notiee of and im,�emndy and hcid Lendeeand�rtsu�ot�action.actia s Ssu'its and� � • � ,f-
<br /> err�toyees and agertts harmtess from all dairtts.dama9es•��ab�l'tties(indud�ng attomeys tees and legal expe � , ,-
<br /> ; other tegaf proceedn9s(amuiatively'Gaims7 PartaiNng to the Properry(indu�ng,but not linated to.thosa invoNing Haz2tdous Materials). Grantor,upon �
<br /> the request of Lender,shafl hire legal wunsel to defend Lendsr from such Clatrrs.and pay the attomeys'tees,legal e�enses and other cflsts incurred in
<br /> � i conneerion tharewith In the attemative.Lender shall he enCNed to emptoy its own�egai counsel to defend sueh Gaims ai Gramors cost Grantors� ,��
<br /> I ubligation to indertnity Lender under this paragraph shall sunrive ihe termnation.release or foredosure ot this Deed of Trust —
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<br /> � � 15. TAXES AND AS3ESSMENTS. Gramor shali pay all taxes ar�d assessmems reiating to Property when due and i�ately provi�Lender erden � � - , . "�
<br /> -.`�� of paymerrt of same. Upon the request of Ler.der.Grantor shaU depasit with Lesu�r each mornh onaiweiflh 11n2)of ihe�t�t ������ - - _' < _ _ —
<br /> � premum,taxes and assossmerrts psrtaining to the Property. So lang as there is no defauf4 these a�urtts sha�l ioe appti '�
<br /> . assessmer�ts and insurance as rec��red on the Properry. in the evem of defauft,Lender shall have ihe right at its so�e option,to apply the funds so held t� �_
<br /> PaY�Y��or against ihe Obligations. My funds apptied may.at Lende�s option.be appiied in reverse order of the due date ihereof. , .
<br /> 16. INSPEC7IQN OF PROFERTY.BQQKS,RECOADS AS�iD REPORTS. Grantor shall allaw Lender?�to�rt�ie.s Gram sor haH dprov[�any assista�razo�a .. , , :—
<br /> and exartine,inspeca and rtmke capies of Gramors I�oof6 and records pertatning to the Properry . • , .«�,
<br /> required by Lertder ior Lhese purposes. A11 of the si�ures and irtfom�ation wntatned in Grar�tors books and records shall be genuine,true.aocurate and . __
<br /> .;t., cort�;ste in alI rz�aeets. (3tatrtor shall note i4�e exlstence ot Lende�s beneficial irnerest in its boaks and records pertstning to the Properry. AddNonaUy. ;;.:'.y�e
<br /> ��, GrarRor shall rn�a�t.in a farm safisfactory to Lender,such inior►ret(on as Lender rr���Gusst reBardng Gramor s finandal condNon or the Pmperiy. The . � --
<br /> ,"r;:'i irrturtrtatlon sl�'.�fir sueh pe�iads.shall reflect Grantors reeords at such time.a-�c s`='1 hs�ar�2d with such irequency as Lender rrriy cLsr,r3te AI " H. , . �;:,F':s;=;:,,
<br /> 4 �� irrFo-^ation��-;a�ad by Gramor to Lender shall be true.axur�e ardxrtptete in ai•asr.eV:s.�.�s�y ed by Grantor if Lender re�:�s?s �,,"s;�;�.'�::
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<br /> :!:[ 17. �6Q�Fr''�' C+�R���4�wz- 1ti;hin ten('C;�js a.er ar.y r�st by Lend�.Gramor s.'^.z:dalve to Lsr.��.:.-a'y r'z�CZe?�a�r�`=,�zz a`.Len:zrs {• '~ "�'�'"7,�pf�:
<br />''=�'�� dgtRS wiLh 2�zC';'�t�a:.�.�rs.a signed a�a�mowledgad s!aterr�m speaiym9(a)tha ons'a.�r�g�.-�ce o^Ih3�r:�O'�3:and(b)u�att:ar �•' ���.'�' : ��
<br />.�i`� Grsri'ar po�zss3s ar.�da:"s,�nses.set-offs cr courrterdairts with respect to ihe Obltgattuns a��.i�so.the natL.�af such cla:trs.da;�nses.sel�ffs or .
<br />�-k'' �.�.-tsrdairrts. Gra.;tor mU ba pr.�Lsivety 6ound by anY re�res--rtFation that Lender may matm tc t`N't'Gended Vanstaree witfi r2�zet to these rt�tters in -: . �
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<br /> �'�a evertt that Granior fails to pmv�ca ihe requested staterterrt in a timety manner. a .=, .. .:�'
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<br /> • s 18. OffAULT. Grantor shall be tn defautt under ihis Deed ot Trust and the Trustea's power shaU bacarre operatnre in the evar�t ihat L3ramor.BaROwer or _.
<br /> anyguararrtorofiheO�ligatians: ,�� ,_�.��y�-
<br /> (a) fatis to pay any Ohligation to Lender when due; ' � ` �°
<br /> {b) fails to perfortn any Ob�iBai�en or 6reaehes any warrenry or covenam to Lender eoma(ned in this Deed of Trusl or any other preserri or hnure � —
<br /> agreemern: �'
<br /> ' (c) destroys,loses or damagas the Property in any materfal respect or subjects iha Properry ta seiwre,conflscatlon,or condemsaUon: . . ✓� a
<br /> � (� seeks to revoka.teminato ar athervvfse 11mit fls Oabllity und�r arry guaranty to Lander:
<br /> (e) �es.beoomes legally Ineortqatem.ia dlssoNad ar terminated.beeorros Insolvem.makes an assignmerrt lor ths bc;nefit of eroditora.tall�to pay , *•.. �, �'� . ._�.
<br /> ! dobts es they beoorre�e,fites a potition under the federal�aniwptey laws,has an imrol�mtary petition in banlwptey fi!ed in which(3rantor.Bortower .
<br /> , j w any guararttor Is nam3d.o►has property t a k en un d�r any w rt t a p r o c e s s o t e o u n: ' _
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<br /> (q altaws goods to be used,bansported ar stored on the Properiy.tho{bssession,transportation,or use ot which.Is fllegal� • � ���' . f•
<br /> } (g� �I{�$�y party otfier lhan(3rarrtar ar Bonower to asswre ar undertako any Ob�fg�ion without the written consem of Lender,or =„
<br /> (h) causes Lender to deem IiseU Insecure�e to a s t g n(N m t►t d e d l n e i n t he value ot ths Pro p erry:or if Lender,in good taith,fot any reasan,believes �' t =
<br /> that tha spea af paymsrtt or pertortnanee ia lr►palred ' .�-�'
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<br /> 19. RIGHTS OF La10ER OH O�aULL If ihere Is a defautt under thls Deed ot Tnut.Lender shall be ernitled to exerdse one or more of the Ioilowing � � ;ti �i,��
<br /> remedes wfthaui noUce or derr�nd(except as wqu(red by law): .�`'�ti,;:,' � -':�
<br /> . (a)to dedare the 061igations trmie�ately ch�e and payahle in tutl: ;,;.��n�,; 4 t � _-
<br /> (b) to colleet the outstandng Obligations with or wfthoul resorting to judidal proeess: . �.:� �
<br /> (e) to require Grantor to d�fiver and make available to Lender any personai proPetry or Chariels constituUng the Properiy at a place reasona6ty ,. , Pf � �"-
<br /> wmenlerrt to Grantor and Lender, " �l%�� -f'
<br /> (� to errter upon and take possession ot the Property wilhout applying for or obtaining the appoirttrtiertt of a reoehrer and,at Lenders opUon,to , ��,;-
<br />' � appoim a receiver whhout bonQ without first bringing suR on ihe Obiigatians and wtthout othenro�se rrpst:ng arry statutory eondNons regar�ng "°�`^+; ' ��r;,�-
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<br /> reeeivers.fl baing(rrtended ihat Lender shall have this oomtadual d9M to appolm a reeeiver: ;'�°'.�` •�:: ..
<br /> (e) to ertpioy a managfng a�rA of the Propnrty and let the same,eiti�er in Trustee's own nama.in the name of Lender w i�4':a name of Grantot,end ;_„�:,, •�..:a�t_�
<br /> .. racetve the rarrts.incomas.i�as end proffis of the Property and appiy the same.after paymar.".of all necessary chargss�z��„�enses.on aao�mt of , ��[`�
<br /> • the ObligaUons: �����;.,
<br /> (� to pay anY sums tn arry tortn or manner deemed e�ediern by Lender to protea the sewrfty of this Oeed of Trust or to ar.a a^y detauit o�her than �
<br /> ssi�x_�,-
<br /> payrt�ertt of irtterest o►principal on the Oblig�tlons; �:'� : �
<br /> (g)to foreclose itils Oeed of Trust iudidally or nonp�mdalty artd to�reel ihe sale of ifie property ihrou�exerdse ot the power cf sale as referenoad In .y.f � �f
<br /> para�aph 20 hereof In eoceordance with aDPlicable taw; .r"�`�
<br />� �n�to set-0tt a►amors a�igadons ageinst any artnurts ctir.==d Gramor by Lender induff.ng.but not 1lmited to.moNes.i�y.�rr�nta.and deposit : ?"�.:�7g'L,�lr
<br /> a�ourits malrrtelned vir.,'�4rndar or arry wRerNy o�sting o��i�ure atfiUato oi Lender,and `-r•�':�- ...`-_�
<br /> ' � p)to exercise all other d�tts available to Lendor under arry o:`�erwrftten agreamerrt or aFp=�ie law. „�„t ''_`
<br /> Lendefs ri s are aimitat(ve and may be exerdsed togettser,separately.and In any arder. In the evem tha4 Lender ins�itutes an acUon seeking the �.;_.,,��s�i.,.;.,. ,: �
<br /> reoovery o�any of ihe Property by way of a prejudgmerA r�medy in an actlon against Qrentor.(irarROr wahres ihe posting of eny bond which rti� ,_ •..;,� �i ,,s
<br /> othorwise be required Lender or Lenders designee maypurc"�:�e ihe ProDerty at arryr sale. Proceeds of any Truates s safe hereunder shatl be appiTed = ,�,,:._.__
<br /> flrst,to the eosts and expensss o!exerdsfng lhepower of sa�a.�d of the sate,induding th�paymerA of ihe Trustee's feos acmally incurred and not to ,. __ �,.-..
<br /> exoeed ihe arrourA which may 6e provlded for In this Desd of T^«�t,second to payrreM o1 lhe Obilgations secured hereby,third,to ihe paymem of iunior _ .: * •.:-
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<br /> trust decds.rrortgages.or other lienhoiders.and 1he betanee.if arry.to ihe peraon a pe�sons IegaUy erttiUed ihereto. The properry or any paA tAereol may .: . .' .
<br /> 6e soid in one parcel,or in such partels.manner or order as Len�r In its soie�saetion may elect,and one or more exerdses ot ihe power herein gantted � � .,
<br /> �g
<br /> � . shall not extin�ish or e�fiaust the power un(ess the errtlre propeAy Is sold onhe obligaztons are pald in fiill. • • �.:
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<br /> � s�ale hereln o�oEittainedEt+en�der s�P�UN R�ee n�h9�man�neiAhe re��i ed by Iaw.�to sell Qrantols Irrtetesl in the Property by excrtciise ot ihe power ol . �. • . : . _--
<br /> Upon recelpl 01 such notice of Lender and at tho direetion of Lender,Trustee shall rause to bo recordad,publlshad and deilvered such noticos of dsfault � � '
<br /> • and notioos of salo as maY then be raqulred by law and by this Deed of Trust.Tnistee shall.only at ihe�ireaion ot Lender end without demand on Cirantor. �
<br /> aftet such tirte as may ihen bo required by law end afler rocordation of such notiee af da}auit and aftor notico ot saie having boon glven as roqulred by law. � . �
<br /> � sell the Properry at ihe tirr�and ptace ot sale flxed by it In such notioe o}sate.either as whote or In separate lots or parcofs or iterrm as Londor shall deem .
<br /> expediertt,and In sueh order as ft may detomino,at puhlie auclion to tho hl�est bidder for eash in IavAul monoy of ihe UNtod Statos pavablo at the timo of
<br /> ca►o,or as otherwise rr�y then be required by law. Trustoe shaU de8ver to such purchaser or purchasors thoroof its good end sutfictem deed or doeds .f
<br /> oomaying the propeAy so sold,but wrihout any oovenam or ws►rtenry.e�rass cr Irtpiiod. Th�recltals in such deed of any matters or}acts shall bo � � . �-�
<br /> conctushre prool o}iho iMhluiness�ne sale ofYall or�an}r iportion ot AehP��tion,Ora�nor.Trustee or Lender,may purohase at such sate. Trustes may 4. _
<br /> 1 in ihe mannor provided by lav►postpo � ' � __
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<br /> .� 21, pEp1JE8T FOA NOTICES: Gtantor requests that a copy of any notiee of default and a oopy of any notir,e of sale hereunder be maiied to each person r
<br /> � who is a parry hereto at the�addr�ss oso�uch person set forlh herein aE ihe sarr�tirre and In iha same manner required as though a separate request � .
<br /> ± ihereaf had been filad by uas Per r. , t�y�
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