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<br /> . � � DEED O�'9'EtliS'T Page� � ; .
<br /> � , ; 09-08-1998 (Conttnued) � m���..�"'j�.� • .. ,. �
<br /> �, . , :; L�osn PEo 626333 � - � F �
<br />___ ' , .� [
<br /> ' ` ` tlem seetlon end doA�wlth LenQsr cash ar a sutfleienl corParate sureh bond or oth�sseun►Y satLstedory W lender. merd are a paA ot '-k: . .
<br /> '.ry BECURI7Y AGRE�ENT:FINAPIt:tNO STA4�i7'S.Trte fotlawln8 Drmhsions�fatin9 to fhis Qeed at Trust as a secudty►a9res . , .
<br /> : . WS Ceed of Trust. .
<br />" �. �. , SetuAlY A�e�ment. Thls Iristrumenf SheD WttstlWte a seetultY a�eemetd to tAS e�etd an11 of tAe ProperlY wr�titut�fuRures ar otR�
<br /> � ' ' petsonslO�A�h►.and LenQer shaD li8vt�e0 of th9 d81rts of n se�fld VettY under ttt9 Unftarm Commerd0t CaQe�s amended from tlme ta � • �
<br /> • '. ,�� � . ` .
<br /> � , .� SSatrttY inieteat. UPon�e0�bY frend�Tnista spaD execute Rnanctrt9 s�me^ts ann adQ�lan�to��mng tt►���ead af�T�in the raal . ..
<br /> � to psrteG and conHnus Lend�s securitf►�rte�st In the Rer�end P�sonal Pro�srtfl•
<br /> ►es or reprcduWoas ot f
<br /> � . •� D�RertY reeards,lendar may.e1 enY tlm3 an9 wHhout tuMar a�hacizatlon from Tnutor.fite executed�wderPerls.or�OconUnuing this seratritfl � ',
<br /> �.;. _.' : ihis Q�d of Ttis!es a 6nandng sfatart�enL Tnistor shaD tefmbttrse�lne8nm�at��nerend ffi p8 lace reasanabty�n n�am to Ttustor and 6snder ! L .�
<br /> -- .-- -- ' fntetest UPpn dafauli.Truslar shetl a�rr�tlsa RersOnel PraDaRS► k=--:�-— � -_ _
<br /> , � `� end make it availabfe to lsnder vritRin ttuae(3)QaYs after recetpl of written demand(rom Lender. ' .�,..��
<br /> :,� • •: y irom wNch i�armaUan eoncemin9 ttie sea�it�tersst
<br /> t � � " � ,1 pdQcessea The ma1Ga9 add+esses W Trusta tdebtar�end LenQer(secured perry). . .
<br /> grgnted Dy this Oeed ot Ttu51 maY be obtefned(each es re9uhed by M0 UnifOtm Comrtterd2l CAd81.ere as sTated anlhs 5rst Page of thi5 Oeed . ._
<br /> •`s- � _ � otTtusl.
<br /> FUpTF�A ASSURAHCESi ATTQRNEY-1ti-�ACT. Tpe touowing pravisions retating to fuRher asswances end atlnmeY-In-tact en9 a part ot thls ' , ..t
<br /> � � DeaO oi Ttusi. • �� �
<br /> FuAher Ass�uen�s. At any time.and from tme to fime.uAon requesl af Lender.Tnistcr vu�make.mcecuts and deliver.a vr0 cause to Oe s:.�x. '�'.
<br /> `° - made,executed or deCvered.to Lendet or ta LeMefs desi9aee.and when requested by Lender.cause to be fifed,r�otdsd.refiteQ or �, ,'; `
<br /> ;.�,
<br /> :t r � rerecardad.as tha easa may be.at sucA tlmes and In such af�oes and Piacas es lender may Qesm apProAdate.en7/esid a0 sucb mo�TgaSes, ,',.y_ R ,
<br /> . Qeeds ot trusL secufiry deads.security a9Bemer�b,5nandng stetemer�w conUnuallon statemerds.i�bvmerds of fiuU�er asswanoa.oer69�t�, �.�:.:,
<br /> �.,� ,' •"� and other dxuments eS may.(n the sote oDinion of Lender.be neoessery or de5irable in crdar to e��.�Gte1&Derf�corrtInue.or r'�.
<br /> -;� . ' pressrve (a)the obOgations M Tnistor undaz Ih�Note.tlOs Csed ot 7nui.end Me Ratated Dacumerds.and (b)the Uens and securih in►eresb . +. � 'z �`.
<br /> . created by tlils Deed ot Tast a9 6rst a+�4 prior Qens on the Praperty.whethsr now owned ar hereafter acquhed by T�stOr. Unless ProRibitad 6y `�:
<br /> -.3 S , . law ar ag�ad to the co+�rer1►bY LenQer In wriftng,Tn�tor shaU reimburse Lende►tor sU cosb a�d exper�s�nctared in connaedon vlAh the ,«
<br /> .� . , �"� maitms reterted to in tAEs para9raptr- .... ..,�•;•.;�`,-
<br /> h,Lender maY do so fot end in the nartt�oi '4�?y.
<br />:;;: qtppmey�p-fsel, tt Trustar fails to do 8rty of t�e thtngs reterted to in the precedfn9 P��P q ror ihe purpose ,�•�'�r",�
<br /> `��,, Tnstar and ef Tn�tors e�ensa For snch purpases.Tnistor hereby irrevcmblY eppc�r�s�e►iaer es Tnut°ts attomeyH�
<br /> � of making,executtng�QeBveririg�fiUng.recar�ng,end do1n8 aU other things es mSy Ee ner:essety o►desir8b19.in Lendels sola opiNon.tu ----• 'r=
<br /> - a�omp�sh the matte�s teterted to in the precedtng pamgrapt�• - -�.'E�
<br /> •!` F1B.L PERFORMAHCE. i!Trustcr pays ait the Indebtedness when due.tertninates the Iine of txedil.aed othervuise Pe����obllgafions �
<br /> - �._,__
<br /> ,. , _ imposed upon Trustor u'd�me�of f�neUon of enyRr�ndneg s�ffidteme�o^�5fe�evfdend gul.�e^fder's�secWfly ird�etest in Ren�d the �. � '•`.-
<br /> '�' `. 'y de0ver to Tmstor suitab .' 'Q��`�'`�
<br /> �� � ;, �i P e r s o n a l P r o D e r t Y•�Y reconveyance fee ce4�d ti1►iaw shaD be Detd by Tmstor.I!permltied bY eDA�ta taw.. • _
<br /> ,�� + OFFAIlLT.EacA of the foIIm�tng,ei t�a oPbon of Lender.shaD cons6tute an eveM of default(fveM of De f a u t t'un der t h i s D e e d o f T n� ,-,�,
<br /> :., '-.",:,y�.
<br /> '`�' � - �fmmult oa{ndehteMess.FaIIiva af TnuMr to make acry PaYmeM when due on tha Indebtedness. , -'=� --
<br />•4,._� . �'F'�iit-(
<br /> ."`-' , � DelaWt o»Other Payments. Fa�ure of Trusto►wlth(n ihe ttme�e4uired by tt�is Oead of trusi to mak9 anY PaNment icr t�ces or tnsurance.or • ';:..:_:_
<br /> • .i • , enY other paymesri necessery to Drevent fiUng af ar to ef(Ed disct�aBe of ar�y lian. . .,. •. `:'
<br /> •.� �:.. ti�-:,
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<br /> �,ti Compllance pefauit. Fai►ure of Tnistar to comply with any other term,obltgaUon.covenanf a ccndiUOn cor�ined in 1Ns Oeed ot Trust.the . a�...�
<br /> Nate or in arry o1 the Retated Documerds. �'`4�.:
<br /> Fa1se St�temente. Any wertardY.representation or statemard made or fumished to Lender by or oo behaN of Trustor under th�Ceed ol Tnist ���;�_
<br /> - � the Note or tne Retated Documents is false or misleading in any material respect,enher now ar et the time made ot tumtshed. _ �,. s
<br /> :•`:� Q e t e C q ve C o l l a t e t a{l i s d on. Th�s OeeC of Trust or any of the Retsted Docur+ertS Ceases to be in t u l l torcs a n d e R e C l(in C iudiri g t&ilure cf eoY .
<br /> . ��;
<br /> . � : ' �,;�; coRaterel documerds to create a vaiid and pertected seauritY tnlerest or Uen)at any Ume and tar any reasan. F�. -�.::'»'
<br /> s,� .� ' Death oi Iasolvenry. The deatfi ot Trustor or th0 d155o►uUOn or terminatfon of Trustofs ebstence as e 9cfig busine5s,t h�eei�tpsciv9�� 'ti:.
<br /> ,. � Tntsto�.the appointrnerd of a recehrer tor any�ar�ot Tnutor's properly,any assignment tar tAe benefit ot cre0ito�s,arry tyDe
<br /> � nr-
<br /> • r -: or the commeru�ment ot any proceeding under any bankruptcy or insoNency laws by or against Trustor. �. ;;�•,
<br /> �:;�,� - ForeclosUm.Fo4teltute,eic. Ccmmencement ot foredosure or forteiWre proceed�nn�st any oi tRe PropeRy�Howevein4 th�`subtDs9ctton�hal�1 not � .. �„..�t,
<br /> or any other methoQ by any cred'dur o1 Tnistor or by eny govemmenffii ageney age� , , f•_,
<br /> :�'�;. • appry In the event Ot e good fa(th QlsDute by Trustor as to ths vaiidity or reasonableness of th9 daim which is the basis of the faroctOSUre or :;;+:
<br /> i;:;:' foreteiture proceeding,provlded that Tnutor givas Lender written no8ae of sueh ctaim and fumishes�esenres or a surety bond for tAe dalm .�-
<br /> satisisetory to tsnder.
<br /> Brearfi of Ottter A�eemenb Arr1r breach by T�ustar under the terms of any other agreement between Trustor and Lender that is not�ememed
<br /> :_ '.� . � w(tNn any graae pertoa provlQeO ihereln,inGuding withoul(tmttatlon any agreement conceming a�ry indehtedness or other obligatlon oi Trustor ... :.
<br /> • to Lsnder.whetAer existing now or later. .
<br /> . `; ` Evema A6estln9 Qaarm►tor• AnY o}the preceding events occurs with respect to any Ouaran tor o l any o t t h e t n Q e b t e d n e s s o r a n Y Q u a r antor ,. ,
<br /> ' dies or beCOmes incompetenl,or revok�ot d�sputes th9 vall0ity of,or liability under,arry(3uat8My of the tnQebtedness. LenQer.Bt ib option,
<br /> �'`� may,but sha0 not be requtred to.permtt the duaran to r's e s t a t e t o a s s u m e un c ondlUonai ry the obllgaUOns arising under the gueranlY �a 9
<br /> �� � . , � manner saUStactory to Lender,and,in doing so,cure the EveM of OefaN� .
<br /> .+;' .
<br /> �� lasecutity. Lender In good faith deems ItseB tnsecure. .- �
<br /> F11grit to Cure. If such a failure is eurable and i1 Trustor hag not besn glven e noUce ot a breach o}the same provlsion ot this Dsed of Tnat
<br /> � witNn tha prers�ding twelvs(12)months,N may be Cured(and no Event of Delaull w(II have occurtod)N Trustor.after lsndsr sends wriden .
<br /> :� noUce demanding cure ot such ta(ture: (a)cures the failure wHNn flfteen(tb)days;or (b)H lhe eure requhes more than 4fteen (15)days. '
<br /> . immedlatelY�ntUates steps suf�clent to cure the 1a11ure and thereafter conUnues and compietes all reasonabte and necessary steAs sufNctenl to
<br />'.'�:'. � � produCe compliAnce as soon a9 reasonabiy praciical. ..
<br /> RIGMTS AND REMm1ES ON DEFAUL7. Upon the occurtence of any Evenf af DefaNt and at any Ume thereafter.Trustae or LenQer,et ita opUOn,
<br /> � • � ,i may exerGse any on0 or more af the(oltowing rights and remedies,in addiUon to any olher dght5 or�emedies provlded by Iaw:
<br /> � AeceleraUon upon OetaNt;AdditlonW Remedte9. �t eny event of defaNf occurs as per the terms of the Nate secured hereby,LenQer mey
<br /> ' declare all Indebtedness Secured Dy this Deed o1 Trust to be due and payable and tRe s8m0 Shail thereupon become due and p8y8Ete wlthout c
<br /> � `� � any preSentment,demend.Drotest ot nouce o1 any kind. ThereaNer,Lendet may.
<br /> _'•.:'. .
<br /> (a) E�ther m person or Dy agent,wdh or withoul Dring�ng 8ny eCtion or prGCSedmg,or by a receWer appolnted by a eouA and without
<br /> � � regard to the adequaey of its seCUrity enier upon and talce pos5esslon of the�operty.or any part ihereof.in its own nam9 or in Ihe nem0
<br /> 01 Trustee,and do any acls which d Ceems nacessary or desirable to preserve the vatu9,marketabiiity or rentability of:he Propetly.or peA
<br /> ' • ot the Property ar interesl In the Property:mcrease 1fie Income from the Property or ptoteel the 5ecurlly of the P�operty:and,with or viith0ut
<br /> faking possession of the PropeAy,sue tor or otherw�sg coliact the renb,Issuss and profib o}the PropeM����uding thoso past Que and
<br /> unpaid,and appty the same,less costs and expenses of operaUon and co�ecUon,inctuding attorneys'fees,to any indebtadness secured
<br /> ' ' ' by tnis Deed of Trust.ail In such order as Lender may determine. The enteflng upan flnd faking possesslon o1 the Properly,the Cc1lecUOn
<br /> � . � i o}such rent9,issues and profiis,and the appucaUOn thereot shall not ture or waive 8ny de18ut1 or notice o1 deteult under this DeeC o!Tn�st .: .
<br /> or invalidate any ac1 done in response to such detauB or pursuant to sucfi noUCe ot Qe}auik and,notwithstending ihe conUnuance In
<br /> ' �ce�r�ievery rtght p o�ded for hn the Nate ot thee Related D�ocAu ents or'by law upon tho oocu ence ofa Y a+rent Of Qefa'�nCluding the •.
<br /> ' . � rlght to exercLse the power of sa►e; i �
<br /> • (b) Commence an acUon to toreclose this Oeed of Trust as a mortgaga,eppolnt a reCeiver or spetiflCelly eniorCe any ot 1he Covenants � '
<br /> � � ; hereof:and i
<br /> ;:� •
<br /> • ' j (cf Oeilver to Trustfle e wrlten dettaratlon ot defauli and demand for sale and a written notice ot default and elscUon to cause Trustors
<br /> � • . � mteresl m t�e Property to be sold,vihtCh notiCe TruStee Shell CeuS9 to b0 duly hled for teCOrd in th0 BpptOpd8t0 OfflC9S Of the COUnIy in
<br /> - ; wh�Ch tne Pro�A�ty 1s located:end ; -------
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