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<br /> _a - � !_,.Lendar wiFh wrNtan noUm ot any actual or ! �
<br /> • 13.'LENDER'3 RltdHl'TO CCi::y5�1�cvi�C�'G L,EGAi w�'i'w+dS. Gte��c�sh�➢o�:T�'t�psot•b .- _ __ =4.,-
<br /> U:reatened aWon,suit,or other praoaed+rtg altccting ths Proparty. Grantor hsrehy appoirrts Lender as its attomay�indact to corm�snce,;rnervette In,end i"--"�'°' . ` ,
<br /> dsfend such aGtcns,suits,or other le�l prcoeedings and to eortpromise or setila eny daim or cor�trovorsy perlaining ihereto. Lendsr shall not ba liab!e ta � �>�.��
<br /> Grerttor tar any ac:ton.error.mistako.omissbn or detay pertaining to tho ac6ons dasaibad in ihi�para�apti or any dart�s rosu8ing therehom Nothfng F . . .. . . ,. '<-
<br /> eontained herein witl prc�vorrt Lan�k+r fram YaMv�g ihe a�lorrs dasuibed m ihis paragraph in rts ar�n narro ` ._�
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<br /> t4, li1IDEC7'd!F[CAIiQiV. Lend�r ahall nct assum�w bv responsihte for the perfamrance o1 eny of C3rantoYs aEltgaticns viith rospact to ihe Property undor ;;} `�� • • ':
<br /> �y areum,yance�. Qrarrtor shal�irtrr�diately provide Lender wiih written no6ce of and intlemuty and hotd Lender and its�harehotdota.d�rnctora.offixra. �� •
<br /> ertpioyees end aSe►rts narmtess irom ell daim�.damages.IiabiliUes(indud�ng attomeys teas and legal exponses).rauses ot astlon.actiorts.suits an4� :. 4
<br /> am
<br /> other legal�ooeadn8s(wrrulativafy"Claims�Portajning to tte Property(indudng.but not Iimited to.ihoso imrohring Hazatdous Materials) Ciran►cr.upon� • ,.
<br /> the requesl o}Lender,shaU hUs teg31 eounsel to detend Lender trom such Galr►ts.and PaY 1he&ttomeys tees.�egal oxp�nses and othsr wsts inwrrod In ' : ,�
<br /> sonnettion therewitfi- In ths attemativa,�ender hh h�,��e the tarm�^atlon,r t2aseeor'faredosure ot this Oeed of TrusK �Grantors eost a►ancor� ' -
<br /> obligadlan to indermity Lertdar undsr ihis paraSraF , � ` •, _
<br /> A ND/tSSESSbIfEJ3TS. Qrantm shall pa all taxes and assessmertts relating to Properry when due and Imme t�he esU na edgannual insuran� � ` .
<br /> tb. TAXES . ,
<br /> = of payrr�nt ot s�rre�. UAun the requesi ot Lendar. or shall deposit wiih�end2r each month ono-twal(th(�/2) - --
<br />. p�zmium.lanes and assessmertts pertaining to the Pmperry. So rong as ttiere is no�fauH.�eso arr�ou�ts sfiall ba ap��d to ths p�nt ot taxo ------t . - �
<br /> a,sessr�rrts and insurartce as required an the Propc3riy. In ihe avarrt of datauh.Lender shalt have ihe rtght.at its sole opUon.to appiy the funds so hetd t ,
<br /> GaY�Y taxes a against the Obiig�tians. Any tunds appllied may.at Lenders option.be 2ppled In ra.rcre�rse order of ths�e date ihereef. • � _
<br /> 5 1& INSPEGTIO;U CF PROPEA7Y,80ai(S,RECOADB ANO REPORTS. Grarttor shail altow Lendar or its agents to exandne and inspect the Pmperry ' . - ;..;;�� :1�;
<br /> and exartdne.fnspect and maks cop[es of Cimntor's books and reeords partaining ta the Property trom tims to Ume. :rantor sfiall provide arry assistance . .- - - __
<br /> �Nj��Y Lender for these p�upDSes. Alt of the s��aturas and inbm�ation oorrta'r.a3 i�Gras;c���.�and records shall be genuine.uue,aaurate snd , '. , .� �
<br /> cam�ets in ail respecis. C,Yantor shall note ths e�dstence of Lende�s bene8da!irtterest in its books and records pertaining to the Praperty. Ad�Uortalty. '.�'-f,4.
<br /> ' QraMOr shaU report,in a form�ry to lander.siech intamtiatlon as Lender may re�est regar�ng Granta�a ttnarteta!concWon or the Praperty. The `-,_ .
<br /> infamtation shall be far sarah Pedods.sha11 rafleet 6tatrto�s teoords at such tirre.and shafl be rendeted wtth sud►t�eyuenr.y as Lender may designate. All . �:.:,=.�__._
<br /> '`•f - <-' "F'm!_°�.
<br /> irdomrta�ion fumishetf by G.�lrtor to Lender shall be we.accur�e and oomptete in atl respe�ls,and signed by Grarttor d lBndsr reques[s. - - , c� �„
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<br /> � 17. E56aD?EL CERTIF[CA?ES. Wrthin ten(10)days after a►ry request bY Lender.Ciranior shall deliver to Lender.or any irrtended transferee of Lender's '. . •.;�,,,_--. �-
<br /> dgMs�e�fi+respect to the Obiigattons.a stgnad and aelmawtedged statement spedfying la)the outstanding balanee on tfie Ot�tigations:and(b}whe4her '
<br /> Grantar possesses enY daims.defenses.setoffs or wurrterdatrts with rasped w ffie Obligations and,ff so,iha nawre ot suc,h daims.dafeases,sotoffs ar _ ,������
<br /> � courtUar+da(rm. Grarrtnr wiU be condusivety bound by arry representatian ih�IBnder may rtralce to the Irttended transf3ree rr.th resped to these matters(n r �.
<br /> ( � the everrt th�Cirantor faHs to provfde the requested statemarrt in a timery manner. � ., :���'_
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<br /> y8. D�AlILT.Granier sttaU be in defauit un�r thts Deed of Trust and tha Trustes's power shail became operative in tha e�:errt iha3 Gramor,Borrower or „�,�:����y
<br /> _ �ny�tor of iha Obl;gaUons: -•��-- _
<br /> .._sc.._..� ..
<br /> �. (a} fails to pay arry Oblig�lon to Lender when tL�e; , _ —:,,,_
<br /> (b) fails to pertartn arry Obligation or bread�es asry warrantl►or covanartt to Lender wrtta?ned in this Qzed of Tn�st er arry othar presem or Gmire .,;�-,
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<br /> _ agreement; in rtaatec�l respeet or subjects tho Pra�m/to seinue.confiscativn.ar condemiatlon: � ,�'
<br /> (c) destroYs.loses or dartiages the ProPer►Y �Y m atl _
<br /> .� •.,
<br /> (� seeks to revoka.termfnate or otherwise lirtit fts Ga�aliry under any guaranty to Lendar; ._ _ ',.<
<br /> - (e) des.beecmes legatiy tneortQetent.is dissoNed mr termtrtated.6erames insolvem.makes an asslgnmerrt tor ihe fi eden whl�rarttor�Botrtawer � " `-�x`�� `
<br /> �bts as they beoorre dus,filas a p e t i tion undsr the federal banlvuptcY taw�has an im�oiurrtary petitian in banlaupicy . ,`, 1 .
<br /> � % or any�arantnr i�
<br /> rtamed,or has CroPBnY t a f mn un d sr a r ry w r i t a r p r a o a s s o f e a u rt: � <r A• • �� .._
<br /> altows goa�s to�used.lransPeRed or stored on tlie Property.the possessfon.transportation,or use af whlch.is�.:gal: •?'�.:•..
<br /> ��.'�:�.�:,,.�c;"• �
<br /> ` �9� �oy�rs any pa�ty other ihan Grantor or Barrawer ta assurre or undertake anY ObG9atton without the vrtitten unsert ot Lender,or • �.:
<br /> (h) causes Lsrsder m deem itseif insecaue due to a s!�fftcant dedine in the value of the Praperry:or if Lender,in�nd faith.tar any reason.belteves � ��,� ; :�;.;'
<br /> ' that ihe prospect of payrtter�t or perfom�ance is irry�aire�.
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<br /> 1g RIaHTS OF LB�IDEA ON O�AULT. If ffiere is a defauft under ihis Deed af Trust,Lendar shall 6a em�ded to exerc,ise one or more at ihe foilowtng �':F�,• ,_�.:.-
<br /> ',�:;:4 rame�eswithoul noU�a demand(exeept as cequired by Iaw): _ - 37 j...
<br /> (a)to dedare ihe 061fgailons 6mtiedamly c5�e and paya6�e In fuli; s '
<br /> _ (b) to wlfect the outslandng ObHgatiom.►wfth or withoul resorUng to jumdal process; . _ � •, c s:,•-
<br /> rsonal properry ar Ch�!s conslituting fhe Prqoerry at a place reasonahty ,°�.-�„:,. ;
<br /> (c� ta tequlre Grantor to dsUver and rteke avallable to Lender arry pa _ !'�
<br /> ca:rvzn!ern to arantor and lendor, , . ,�, `�
<br />. (d? �etner upon ar�d taf�possession of ihe PropertY without applying for or obtalning the apFo.,�nt of a receiver and.m Lendei's oplion.to ,�;,._ .
<br /> appoirrt a reeeiver without 6ond,wilhout fitst bringtng suit on the Obligatlons and without othenv`se mestin8 anY st�utorY oond�tions regar+drtg _ �,��
<br /> reoeivers.it beir,g i�reanded th�Lender sha0 have this condarfiial ri�t to appolm a reeehrer. •
<br /> n m af�}re proporiy and let ihe sarte.e�ther in Ttustee's uwn name,in the nama ot Lender or in the nama of Ciramor,and v�"'""
<br /> (e) to ertpioy a.� 9� �d the sarro.after paymeM of all neoessary charges end expenses.on acoount of - ���.��, .l M1r::.'
<br /> ' reo0lve the rems.i.Cames.fssues and pmfits of the Property aPA�Y ... �-
<br /> � theObO�lons; . . :• .; _
<br /> . (� to DaY any surro in arry torm or iranner deemed expemem by Lender to protect the securiry of t�s Daed of Truh or to cure arry dafautl other fian _. -��.�:�-'�.
<br /> paymern ot irterest ar prindpal on the Ohilgallons: thrau exerdse o1 the pcwor of safe as reterenoed in •� `
<br /> (9)to taredose this Oeed of Trus1�udctat�y a rtor.r�dldalty and to�rect the sate of the propeny � �-
<br /> paregeph 20 heteof in aoo0ord�fCewlth apqiC.abia i::x: ."'�!1�.__s-
<br /> (h)to setoff Qrantofs Ohligations aga!nsf eny ar:acunts owed(irarrtor by Londer fnduc9ng,but not limttad to.:��s.fnstrumarrts.and Qeposit ;:',��� .:��.• �
<br /> asr�mts rtatntalned wilh Londer or arry curtemfy exisUng or tuture affiliate oi Lender,and _ .}f:.,.._,
<br /> (:)v oxerdse atl oiher rlgMs availabie to Lender undet arry other written ageemerri or applicabte law. �,'• •-.-�----� -
<br /> ' LendeYs rl s are curtulashre and may be exerdsed together.separatety.end in arry order. In the cv-a��thal Lender Instinites an acilon saeWng ihe ..•. .• : _:..._
<br /> reoovery o�any of the Properry by way ot a prejud�rem remady in ai aGion egainst(3ra►rtor.Grar.t��+rraivas the pasUng of arry band whkh m1�1 .�p.,..,i:',_
<br /> otherwisa be required. Lender ar Lsrdefs dest�os rr�.y ihe Property at any sale. Proceeds ot any Trustee s:�te hereunder shall be app6e3
<br />- flrst,to the costs and e�ensea af exetclsing ihe pow3r a sale and of the sale,inGudng the paymer�t of the Trustee's Ssos ectuaily Indured end nof?o ��''°�''��''� �"`
<br /> e���num vrhtch rtay be aovidad br In this Deed of Trust,seoond,to payrrem of the Obligations sea:red her.�ty.lhlyd.to the Paymertl of junt3r "�.a.�"�%A:-
<br /> Vust deeds,rrortgagos,or oth�r ile�ot��s.end the balanee.H any,to ths person orpersons legalty entlt2ed thereto. Tha�uoporty or erry part thereof may `�'�`#`�;,
<br /> be sold in one paroel,or In sudi parcets,manner or ordar as IBnder in�t�sole�sustion nay e►ed,and a�aa or m�ve exerdses ot the pawer herefi gfanted � --T:•
<br /> •�••<t--= '
<br /> - sfiall nof e�Nng,ilsh or e�aust the power untess the enUre property is s;.�ar the obligatlons are pald In r�1;. --;�r„—=L.�-.�:r
<br />' i•'i 2p TFIUSTEE'9 EXERCISE OF PCNYER OF SALE Qd�10EFAULT: It Lendar elects t�seU Grantora izs'.�rast in the P.a,.-'=rtyr by exercise ot the pawer of � �` 4+���"Y,���'.---�
<br /> F�wvar.^.:.-��:�-_•
<br /> � satu hereln ea n t a in e d.l nnder shail nati f y Trustee in ttxi r�nsr then requlred by law. .••�,�,��.�_�,.•,
<br /> � �M�.•. • n�.•�.w
<br /> Upon reoeipt of sueh notice of Lender and at the mrecHon of Lendet,Tro�"ae shali eause to be re�orded,pubtished and delivered such notiees of detault . - .:"'��<.:•-
<br /> � ��,y;;�g o}�o�q�y ihen be re�lted by law and by ihis Oeed o}Tr,�t. Trustee shall,onry at tho dreellan of Lender and w0hout deTrsnd on(irantor, � Y,..,,,:•
<br /> � ;.°»�s�Umo t�.s may then he required by taw and after recordadon o1 s::�:�naflce of defautt and after nmice oi salo hav(ng 6een ghren as re�ired by iaw, , , •
<br /> s,3±'rs Froperty al the t!me end piace ot saio fixed by it in sueh notioo o}stile,ehher as whole or In ssparate Iots or parceis or ftems as Lor��r shall deem _
<br /> e�ertl,and in sueC�cader as fl may detemino,at public auWon to the highest bidder tor casn in lawful maney of the UnBod S'tatospayabis at the Uma ot • .. �
<br /> ' sale,ar es othervulss m,ay then be required bY law• Trunee shall del'rver to such pureh�er or purchasers thoreot Rs good and sufHdem cleed or deeds .
<br /> •i car,vaying iho praperry so su�d Ixn vii�iheut anY ooYanam or warranty.e�ress or Irt�t��d. The reeitats in such doed o1 any matters or faets shall ba ,
<br /> � car.a'usive praof o!ihe finhtulnoss ihereot. Myperson,Indumng,wfthout UmttaGon.Cirantor.Trusles or Lender,may purchase at such sale. Trustee rtay �
<br /> .. in ffi�minner pravldQd by Isu posipctse sale ot all or any poNon of ihe Proporty. , . .
<br /> 21. REQUEST FOA HOTICES: Grantor requnsts that a oopy of any noUoo of defauit and a cop/of arry noUcs of sate hereunder be ma(led to each person ' � � ' . t,�•
<br /> � who is a PaAy hereto at t�tie ec�ess of such person set fonh hereln at the samo tirre and in�he sama manner required as though a separate request ' i'
<br /> theraol had been fitsd by eaeh such psrson. . -
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