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<br /> � 16.'TAkEB AND AS3ESSMENTB. Onntor shall pay all taxos anci aesesamenta rel�tine to the Property when dua end Immediately provlde Lender , :
<br /> evid�ncs of paym�nt of sam�, Upon th�r�qu�st of l-�nd�r.(irantor shall dspoalt with Londer each month one•hvelfth(t/12)of th�eatlmatsd annual ,
<br /> Insuranco premlum,taxea and asc�ssm�nta p�rtilnlnp to th�Propsrty. So Iony as then la no default,these amounts ahall be applled to tho payment .��
<br /> of taxea, assessments and inaurance as rsqulrsd on th�Prop�rty, In the event ot default,Lender shall have the right,at Ita sole optlon,to apply the ;
<br /> � funde so held to pay any taxee or agiJnst the ObNgatlona. My funde applled may,at Lander's optlon,be appNed In reverse order of the due date i +
<br /> inereol.
<br /> 18. INSPECTION OF PROPERTY, BOOKS, RECORDS ANQ REPORTS. arantor shall allow Lender or its egems to examine and Inspect the
<br /> Property and examino,Inspeet und make coples of C3rantor's booka and rocorda pertaining to the Property from ti me to time. (3rantor shail provide :
<br /> any assistance requlred by Lender fa these puiposes. NI of tha slgnaturea and Informatlon conlained In Granta'e books and recorde shell bet� ,
<br /> , genuine, vue,accurate and complete In all ►espeots. Orantor ahell nate :he exlstence of Lender's bnneflCkl interest In its books end records� i �
<br /> pertalning to the Proparry. Additlonally, (3rantor ihall roport, In a form sutisfACtory to l.�ndtr,auah Infotmatbn as Lender may request reparding
<br /> � dranlor's finsnclal condltlon or th� Proporry• 7he inlorm�tlon shail bo for auch perioda,ehall retlsct arantor's r000rds at such tlme,and ehall bs 4
<br /> � rendmd with tuch fnqu�noy a�Und�r m�y d�dgnst�. Ail Inform�ilon turrlth�d by Orantor to Under ahall bs tru�,accurato and oomplete In 411'pl
<br /> rospeets,ind elpned by Orantor H Lendor roqueele.
<br /> ', 17. ESTOPPEL CERTIFICATES. V1�IIUn ton (10)days nitor nny roquost by lender,(3rentor shall dellver to Lender,ot any Intended traneleree of� ,
<br /> l,sndlr's rlphte wlth rssp�ct to th�Qbllpatlont,a Wpn�d and aoknowl�dp�d staUmmt sp�cifylnp(a)th�outatandlnp balance on th�Obligat,ons;end i
<br /> de�t�ss,�e�t�-0tfn or coun�no�alms.c�antor�III b� aonclufiv�ly Dound by ny ropn�entatfon�tl»t I..en�diatimay m ak�'t�ths ntendsd trnnater o with � '
<br /> � rssp�M to thene mattus In th�ev�nt that Or�ntorlatla to provid�th�nqwabd etat�msnt In a tlmely manner. Q'.
<br /> � 16. EVENTS OF OEFAULT. M Event of OH�utt�h��l occur under thls Da�d ot Trust and the Truatss'a power ahali 6ecome operative In the event that `
<br /> p�entor,Borrow�r or any puar�ntor of Ihe Oblipelbns:
<br /> j (t) t�ua to pay any Obll�atlon to lsnd�r when clus;
<br /> � ro) filla to poAorm any Obllyatlon or br�aches any wnrranry or covenant to Lend�r contalned In thls Oeed of Tmat or any other presant or future :,�
<br /> � ign�msnt; �,,..:�.'�'=�
<br /> • � (c) d�stroya,loaes or damtp�a t�e Prop�rty h nny matsrlai rospeat or sub�eats the Properry to s�izuro,conHsoaUon,or condemnatlon; h_; --
<br /> i (d) seeka to rwoke,terminats or othenvlae IMnit Its Ileblllty und�r any puurnty to Lender, ___�
<br /> I pay dl�bts es h y becoild eml�s�a P�titl�on undsr he i deral bankruptqr laws�has an Involuntary pet t on I n bmk upt y flled In hllcha(i alntoo - ,�
<br /> Botrower or any Quarantor Is named,a haa prop�rty tak�n unde any writ or proceas of court;
<br /> I (f) allows goods to b�ua�d,transpoA�d or tlored on th�Property,ths poasssslon,transportatlon,or use M whlch,is Illegal;
<br /> (g) allows any ptrty other than Orantor or Bortow�r to aeaums or undertak�any Obligation wlthout the wrinen coosent of Londer;ar
<br /> I (h) cauaes Lender to dsem itaelf Insecure duw to a slgnlilcant d�cline in fhe vaiue of ths Property;or If Le nder, in good talth,for any reason, �¢
<br /> ] batlevos that tha prosp�ot of payment or pedormana la Impalred. -
<br /> :1 19.RItiHTS OF LENDER ON E1/ENT OF DEFAULT. Upon the occurrencs of an Event of Default under this Deed of Trust,Lender shali be entltied to
<br /> exercise one or more of the followinp remedies without notice or demand(except as requtred by law):
<br /> (a) to dsclare the Obilgatlons Immedlately due and payable!n fuli,such acceleration ahall be automaUa end Immedlate if the Event of Oefault is
<br /> a f iling undor the Bankruptcy Code;
<br /> k (b) to collect the outatanding ObIlgaUons with or wfthout resorting to Judlclal process; �
<br /> (a) to require C3rantor to deliver and make available to Lender any personal property or Chattels constituting the Property at a place reasonably
<br /> convenlent to Cirantor and Lender; PP y g •3.r.
<br /> (d) to enter upon and take possession of the Propeny without a I in for or obtalning the appointment of a receiver and,at Lender's opUon,to ,�A_
<br /> appolnt a recalver without bond,without flret bringing sult on the ObligaUons and without othenvise meeUng any statutory condltions reparding � '�,
<br /> recelvars,it bolnp intended that Under chall have thla contraotual right to appoint a receiver;
<br /> (a) lo employ a managing agent ot the Property end let the same, elV�sr In Tmatee's own name,In the name of Lender or in the name of •4_-,-
<br /> Grantor,and receivs the rents,Incomes,Issues and profits of tha Property And appiy the same,aftat payment of atl nscassary charpes and Q:._
<br /> �x�:.
<br /> u;t�'ieti�.C:.Otl ECC4Utlt Of thn Cfbligatlons: _---— �-`' �
<br /> (f) to pay any suma in any torm or manner deemetl�xpedienc by i.ender io prtaci tho�cutlt�of thls L�!^c! !�trust or to cure anv de}ault other ' � ''�
<br /> than payment of Interest or princlpal on the Obtigatlons; ,l:
<br /> (g) to toreclose this Deed of Trust Judtclally or nonJudicially and to direot the sale of the property through exerclse of th�power of salt sa I�,`
<br /> reterenced in parngraph 20,herein,In accadance wlth appilcable law; �
<br /> (h)to seFOft Grantor's Obllgations againat any amounts owed Grantor by Lender Including,but not Ilmited to,monles,Instruments,and deposit
<br /> accounts maintalned wlth Lender or any currently ezlating or future aff illate of Lender;and
<br /> (i)to exerci:e all other riyhta avallable to Lender under any other written apreement or appilcabie law. :
<br /> Lender's rlghts are cumulative and may be exercised togather,separately,and In any order. In the event that Lender instltutes an aotion seeking :_-,;
<br /> the recovsry of any of the Proparty by way ot a preJudpment ramedy In en actlon agalnat Orantor,Orentor walves the poating of any bond which ,
<br /> mipht othe�wlsY bs rsauired. Lender or Lender's deslAnee may purchese the Property at any saie. Procaeds ot any Trustee'a sate hereunder i��, .
<br /> shall bs applled first,to the coats and expenses of exerclE�nq the power of eais and of the sais,Includlny Ns payment of the Trustee's fess ��: ___
<br /> actuatly Incurred and not to exceed the amount whlch may be provided for In this Deed of Truat,second,to payment of the Obllgations secured }k w �
<br /> hereby,thlyd,to the payment of judor truat dosde,mortgagen,or other Iionholdors,and the balance,II any,to the person or person9 legally d �y __—
<br /> entltled theroto. The Property a any part Nereof may be sold In one parcel,or in such parcels,manner or order as Lender In Its soie dlscretlon
<br /> m�y eleat,and ons or more exercises of the power herein grantsd shall not extinguish or exhaust the powar unless the entlre Property la sold or �
<br /> the obllgatlona ars paid In tuii. �' �`��
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<br /> 20.TRUSTBE'3 EXERCISE OF POWEH OF SALE ON DHFAULT. Upon default by Borrower In payment of any ObligaUons secured hateby,Len er Y .�
<br /> may d�ciara all sums,ssoured heroby,Immedlately due and payable and shall cause to be flled of record a writlen noUce of default and electlon to _;_
<br /> seY the Property. After the lapss of such time as then may bs required by law following recordatlon of auch noHce of default,and notice ot sale �-�_._. :
<br /> hadng been given as then requlred by Iaw,Trustee,wlthout demand on S3rantor,shall sell such Property,either asawhde or in separata parcels,and
<br /> ln aur,h order as It or Lender may determine,at publ�auctlon to the highest bldder. Truate�may postpana the sale ot all or any portion of the :
<br /> p�operry by publio announcemont nt the tlme end place of sele,and trom tlme to tlme thereafter may postpone the sale by publlo announcement at , ,. .
<br /> the ti me and place flxed by the preceding postponament. Truatee shall dellver to such purChaser Ita deed conveying the property,or portion thereol, ,_�V .,: �,
<br /> so sold,but without any covenant or warranty,express or implled. Tho rocltals In such deed of any mattera of fact or otherwlae,ahall be conclusive ._, ��._ _
<br /> � proof of the truthfulness thereof. My pereon,Including Grantor.Trustee or Lender,may purchase at such sale. �... :::-�:��
<br /> ' Z1, qHOUHST FOR NOTICES. Orantor raquests that a copy of any notice of default and a copy oi any notka of sale hereunder be malied to each ,
<br />- person who Is a paity hereto,ot the address of such peraon aet forth herein at the same time and In the same�anner requlred as though a separate
<br /> request thereof had been filed by each such pason.
<br /> 22 SHCURITY INTERHST UNDER THE UNIFORM COMMERCIAL CODH. Thls Daed of Trust shall be consldered a flnancing statement and a
<br /> tlxlu�e tlling pursuant to the provisbns ot the Unitorm Commerclal Code(as adopted In the state where the Property Is located)covering flxturea,
<br /> i I chattefs.and articles of peisona�property now owned or hereafter attached to or to be used In connectlon with the Property together with any and all
<br /> replacoments thereoi and ndditiona thereto pha ih h��de deocr�I�bodtabove.bU grn demand,rCirantor ahall ake,execute andedeliver�sucht sacur ty
<br />� Grantor descrlbed abave. Tho seared party
<br />� i agraements(as auch term Ia daflned tn seld Unlform Commtrcial Code)as Len er at any tlme may dsem mc�ssdy or proper or nquired to prant to
<br /> i Lender a psrfscted security Interem In th�Chanels,and upon Grantor's faflure to do so,Lender la authoriz�d lo sign any auch agreement as the agent
<br /> d Grantor. Orantor hsreby authorl:ea Lenderto tile tlnancing stntemonts(as such term Is deflned in sald Unliorm Commerclai Code)with respectto
<br />- Itne Chattels,at any time,wlthout ths slpnature of Cirantor. �rantor will,however,at any time upon request of Lender,ulgn such financing statementa.
<br /> � Grantor will pay all ffiinp feas for the filing of such tlnancing atat�ments and for the ratlling thereof at the times required,fn the opinlon of Lendar,by
<br /> � said Unlform CommerNal Code. k the Ilen ol this De�d ot Truat Ia subJeot to any security ayreement covering the Chattels,then In the event of any
<br /> default under thls Oeed of Trust,all the right,Gtle and Intereat of druntar In and to any and ail of the Chattels is hereby assigned to Lender,together
<br /> ; with the benefit of any deposits or payme�ts now or hereattor made thoraof by Grantor or tlie predecesso�s a successors in title of Grantor in the
<br /> Property.
<br /> 23. REIMBURSHMENT OF AMOUNTS FJ(PENDED BY LENOHR. Lender,at Lendei s option,may expend tunda pncluding attorneys'fees and legul
<br /> ezpenses)to po�fo�m any act requlred to bo teken by Grantor or to exercise any right ar remedy of Lender underthis Deed of Trust. Upon domand.
<br /> Grantor shnll immedlately rolmburse Lender�or all such amounts oxpended by Lender together with interest therean at the lower of the hlghest rato
<br /> described in any Oblfgation or tha hlflhest ratewall�ow�ed�b�y In�w f�o�hvf hoaboneticgalRinterest�1pr nt d he ef ine tl thesObligntionsea e pa d aHer'ihe l
<br /> ncluded In the aennmon vi wi�yai����o�o�:: -••�-•-° - --- - • •`-
<br /> he�inning ol publlcation of notice ot sale. es horoin providod,or In the ovont Londer ehall,at Ita soie optan, permit tirunco�co pay u��y pd��3S.��o
<br /> Obligatfons allor the beginning ol publlcatfon of notico ot sule,as horefn p�ovidod,then.Grantor shell payon Gemand all exponsos incutred by the
<br /> irustee and Londer in connoction with suld publication,Includ�ng reasonuble attorneys'toos to tho ariorneys for tla Trustoe and for the Lender,and a
<br /> ' �oasonable tee to the Trustee,and tl�ls Doud of Trust shall bo socurity for atl such exponsos nnd 1ees. ,
<br /> 24. APPLlCATIQN OF PAYMENTS. NI pnNnonts mado by or on bohplf o�Grnntor may bo applfed npuinst thoamounts paid by Lendvr(Including
<br /> attorneys'toes and legal uxpanses) in connecUon with tho exetCise ol its nqhts or romedies doscribod fn this Oaod ot Trust and then to tho payment
<br /> ol tho romaining Obligntlon5 in whutovor order Lendor choosos.
<br />� 25. POWER OF A170RNHY. Gr¢ntur heieby oppomts Londor as rts anomeym-fact to endorse Granlor's namo on ull fnstruments and other
<br /> tlocuments pertaining to tho Oblipations or Oood o1 Tiust. In addltion.Londor shail be ent�tleA.but not roquucd.to pertorm any aclion or exeCUte any
<br />�n documont roqwrod to bo takon or aaocutod by Giantor undor this Oood ot Trust Londor's po�iormance ol such pctwn or ezecution of such
<br /> documonts shall not ioliovo Granlor from uny Obl�gauon or wro any dotault under this Deed of Trust. NI powvisot attornoy doscnbod in lhis Doed of
<br /> Trusl aro couplod with an mtorust and mu urovocable
<br /> _ d sc ar�god��i�th tu�ds�ndvanNo�by Londoriegarldless otbwhothea thoso/feos,sacurity in el ests o othorroncumb ances have beon released of recorde i
<br /> P.q�a ur a
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