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<br /> 02i07�97 FRI 18:00 FAX S02 J89 8188 L�NION BANK CdHSI. LOAy f�J007 � . •»•�r-s_
<br /> � - � : a��.. 1(31�.'�5 . ���.-
<br /> 18� TA1(L�8 AND ACSHBSMENT9. Orantor sh�ll p�y all t�x�a�nd us�ssm�nt�r�I�Unp to 1he Prcp�Ry wh�n due and ImmWIRt��y p�0�de Lmd�f
<br /> �vidme�oi psymont o1 OM'�0� Upon the raquost of Lendtr.GrMior Ihall deposlt wlth LsndOr Oech month on�•twelkh(1/12)of th��atlm�ted tnnu�l .
<br /> �nouranoo aromium,texee antl esseeamente peRn�rnng to Iho Properry So lonp p�thersha no dNtult.th��o nmounts shall be eppi��d to th�p�ym�nt -
<br /> ot tuna,�ss�asm�nte and uiwrRnco a�roquirod on th�P�op�rty. In ih�event of tlatawt,l0�dor ahoU hav�the riflno.u�its oo(o opnon,ta app�y ihu -`-�
<br /> funda eo hold to pay any tax�t or ayQinrt tho OGligatlona Any�und��pplud mey�st Lsntln'�Opt�on.be appU�d in rwer�e order o}th�dW dl�lQ � �-
<br /> M�nof. ---
<br /> 16. IN9PECTION OF PROPipTY, COOK9,RCGORD8 ANO�EIWRTd. Onntvr chtll t11ow L.and�t or d��g�nte to eram�na anp mtp��4 th� R_
<br /> Proportyr and�x�min0,IMpOCt Ar+tl m�Np copies of Orantar's booka md recotde pertalning to the Property trom Gma to Gme. Oranto►ahall provid�
<br /> �ny aaa�etanee iequlred by Lmd�r fa�InBt�purpo�so• AU o1 ih� Upnatuf���nd mtoimrtlon cantunsd�n �tsntoi's booke�nd recvrde shail b�
<br /> . g�nulne,tNe, aeeunt� md compt�tv �n�li r�specle• Orenter ahail�oto th�ex�atene� 01 Untl�r'� benetldal Int�nn m �ts dook�and ►�eo�d� ,� „s-
<br /> pBrttininp t0 tM Properry. Additlonaily.(3�entor shtll report, in o form aatl�}aatory to L�ndor,aueh Information ae Lender may r�quut npardmp
<br /> Grltntory fm�ncirl conWdun ot ii�Y PropoRy Tho inlormal�vn ahull ba tar sueh porind0. ohnli rofloet Grnn�er'e rocv�de nt sueh tlme,end eheli be ''°
<br /> r�ndtnd with euch}r�qwncy R�L�nder may tleslpnnte Ail Iniotmttion fum�shed by Gr�ntoi to Lender shall be tru�,�eCUr�t�Rnd compl�t�In oll _
<br /> . raypecta,and aipn�d by Grantor If Undu r�quelt�.
<br /> � 17. E9'�OPPHL ClRTIfICATE6. YJithin ton (f01 dtys ait�r pny requeat by Land�r.Orantor ah�il deiiver to L�nd�r,or any intencl�d tr�nsbn�of „ -�
<br /> , - Lender'e rlphts wlth nsp�ct to ths Oblig�UOM��bipnOd and acknowl�d8�d atat�m�nt�Neai�ylne(a�the outttRndmg b�innco on th�pblfpt,ttOM;snd „ _
<br /> ' (b)wh�ther dnntvt poaaessea any elaima,dNma��,s�t•oHO or eount�rc�a�ma with nsp�el to the Ob��pations and if�e,th�Mtun of suoh elalmt. �
<br /> def�M��.IOt�ofla or counteroleims. Grtntor wlll bs eonelwlv�lybOund by eny repns�ntat�on th�t Ltnder m�y m�k�to the Int�nd�d tr�nn�r��with
<br /> respaot to th�s�matt�ts in th��v�nt that drRntvr 1�de to prowdetho requ�st�d�tatement�n e t�rnely mtnnu
<br /> 10. EVENTB Of DEPAUL7. An Event ot Defwfl shall eeeur undu thit Detd vf Truat nnd the Truste�'a pOwer eholl bacome op�rttiw in th�went that ��`
<br /> Grantar,Barrow�r or sny puanntor nt th�Obllp�tlorn: '�r�-;�"
<br /> (�) fslls to pay sny pbltgaUon to l.�nder when due; ����'Gt�:�:
<br /> • (bJ f1�il�t0 p��orm�ny Obligat�on or brenChea eny werranryor eov�n�nt to LendOr oonttln�d in thi�plvd vt Truat or any oth�r pnpnt Or futun
<br /> pyrNm�nt: .
<br /> i io) denroya,loses or damag�s th�Prop�rty in�ny mnt�tial ieapeot or aubJ�ots th�PropeAy to ee�turo,wnfiscatlon,or contlemnation; „ : x-y�--
<br /> 'iL,._.-�-
<br /> J (d) s�eks ta rovoks,terminato or othorwiee lim it its IiaGility under iny gueranty to Lender; ��,+'�'�";_
<br /> � (e) dles,becomes legally Ineompet�nt,is diseolved or ternunated,becomea Insolvsnt,mpkel an assignmant for ths b�ns}it ot Ct�ditOrO.leds to ��.-
<br /> pay d�bts as th�y htcom�du�,f�le�a petition under Ne fodaral Gankruptey laws,haa on involuntery petltlon In bankruptoy filetl i�which Cyrantor,
<br /> � �� BOnO��rer or eny puamntor is named,or hes praperty ak�n und er�ny wtit Or process ot ooun; • _
<br /> , 1 � (t) allowe pooda to be used,transport�d or stoted on the Property,the poaseasion,transpoK�tion,or uae o�which,�a Iliegai; � _
<br /> (fl) �Ilovus�ny pArty oth�r thxn Grsntor or Borrower to assume or und��tak�any OblipaUOn�nihcut th�wrinsn conunt of undo�;or ��
<br /> (h) C�uS�s Lender to d�em itseN inseoure du�to a sipnlflotnt d�ciln�in the vAius of Ihe Prop�rty; or If l�nd�r,in Qood laith.for�ny nawn,
<br /> � bNlw�s that th�prospeot oi p�yment ar perfdrm�nce is�rnpo�red. �.�
<br /> i:t�;:'
<br /> � � 1!. RIOHTS CF LENO�R ON ENBNT OF O�FAUL7. Upon th�000u�r�nc�of an E��nt of Dltwlt under this Qud of Truat,l.�nd�r�h�U b�entitled to .,�,';__�� e
<br /> �. • sx4tCla�on�or more o1 th�10110wing remOtli01 without noliee vr demtnd(exapt ae r�qulr�d by I�w):
<br /> (a) to dedar�the OblipaUons immed�ately du��nd pryabU In full,auch KcCelerAt�vn sh�ll b�automatic and immedi�te i 1 t he Eva n t of Default Ic
<br /> a flUng und�r th�Bankruploy Codt. ' � .
<br /> (b) ro eoll�ct ths ounundiny ObIlyaUon�with or uvithout rewrting to judfo�d proasc: '��;�t. --
<br /> ��. (c) iv reqwrA Cirantor te deliver end make nvalltble to Lend�P any p�nonal prop�rly or Ch�ttela oonstltuUng th�Propeny at R plRC�re�sontbly ��;r d
<br /> � Convenientto Gtantor and Lender; 'F
<br /> (d) to snt�r upon and tak�poss�salon o}ths Preperry wtthout�pplyinq for or obteminp th�appointment ot R recervet 1�nd,nt Londer's optlon,to •Y};c
<br /> ,� appolnt a r�lvsr wtthout bond,without fir�t bringing euit on the Oblipntions and w1U+out othsrwi�e meetinQ any stetutory eondltio��ngardinp � ;
<br /> recelvers,it being Intended thet l,ender ah�il have thls oontisetu�i riAht to�ppoint a reuaer; �,
<br /> -- - — �oj i�ar�p�oy a maro�,rp:�cr.t atlhs°ra�e; s.^.d �at!ne..m.;aith�r in Truetoe'a own nnme. In the name of Lender or m the nam�of _
<br /> � Gr�ntor,1�ntl�OCiive thb rentr,lnwmae.�esuae and protde of tho Prop�Ry and�ppiy th��ame, ARer pnyment ef all n�cstaary chl�ry��and ..: t', �'�4
<br /> �b +xpenfee,on�ccount of the Obligationa; '• ; ��T
<br /> (f� t0 pRy tny Wmt m�tny torm or manner doemed expedfent by Lende to prohet ths eeavrity ot thls Deed of Truat or to curs any d�tAUlt other r�J
<br /> � thsn pnymem of Intereat or pdnolpal on the Obiipations;
<br /> • t (q) to tonolota thio DNd of Trwt judicidly Or nOnJudiciWy pnd to dlnnt th�sd• of th�property throuyh vxeroiae of th�pow�r of aai�u s�
<br /> nf�nnad in parapriph 20,h�rsM,in aCCOrdancs wiln lyapt�csbi�taw;
<br /> m1 to�et•ott Orentor'a Obllpttione�patnst�ny�mounts ovnd Guntor by Und�r inCludme,but not�►mlt�d to,monlea,In�trumsnt�,Md d�posft � '
<br /> � accaunts malnt�in�d with Lend�r or any ourrsntly exlstlng urlutun at(Iiiat�of Und�r:�nd
<br /> p)to�x�►elc�nil oth�r�Iphto availabl�So Und�r undu anyoth�r writt�n aqnemmt or appilubt�iaw• '�"�'`
<br /> Lendsr'a dphts en oumul�tive nnd may be ex�rolsed rop�t��r,uparaNly.�nd U�ny ord�r. ire the ev�nt that Und��Inuttut����aoSton isekinp __ �
<br /> th�nCOV�ry ot any ot the Propetty Gy way vt a prv�udpment remedy In an aetlon apalntt Gtl�ntor,Grentor walvea the postlng ot any bond whiCh
<br />- � mlpht oth�rwls�b�nqulnd L�nd�r or Lendu'a d�tignN may AurCh�w lhe Prop�rty at tny 6als Prees�d�of�ny Trutt��'�e�ie h�reund�t
<br /> �h�ll be ltppli�d����t,to the co�te wnd axpenses o1 exeraany 1he povn�of sel�antl ot tho s�i�, i�cWdme the payment of th�Tru�t��'�b�� �
<br /> • � �etulJly Incurr�d and not to�xa�d the lunount whieh ma�y6a provided for In this D��d ot Truat,�otond,to p�ym�nt of the Obllpatlom s�euad ��
<br /> �• h�nby thtrd,to the p�ym�nt ot Junior truct duds,mort8ig�e,er othfr li�nholtlers,�nd ihe ba�sne�,M any,to th�p�non or p�r�ons i�pally
<br /> • �tNfU��tN�t�tO. Th�Prop�Ry vt Any p�trt thvnot may De�old�n one parc�l,or In suoh parcel�,manner or order as Lend�r fn Its eol�dl�ention —_._
<br />=--,��n..•: may N�et,ond o��or mor��x�rels�a of th�pow�r h�reln 9r�ntld�hNl not extinpu�sh m�xhaust the power unUN th��ntire Property fs aold o� �;:_r;
<br /> ,. � th�o61lpaHoni an pald In tuli -
<br /> � ` � Z0. TRUt3TEE'S D(ERCl3E OF POryVEp OF 9ALE dN OEFAULT. Upon d�fault b Bortow�r In paym�nt of eny Obli �ltam s�cur�d honby,Lend�r
<br />_ +a may d�dtr�Nl�um�.�ec�ad henty,�mm�diatsty duo�nd p�yab��I�nd fhRil c�u10 to d0���d of r�card a wtl8�n notie�of d�flwii tnd�Isatlon to -
<br />:,,�„._, ___, soll the Proporty After 1he lapse of auch tlme as then mey be r�quind by Isw foliowlnp reGOrdRUOn ot suCh notiae o1 deftuit,and notie�of t�l�
<br /> -�-�--• naanp Dpn piven as thm r�qu�nd'uy�ew,Trusivv,�viu��ut�:+m:�d on�rarstar.:hal!ssli such aep!�!;,e�th!��s■whoi�or In sepnrote parc:�l�,and _
<br /> � In woh otd�r w It or I.�nd�r m�y d�t�rmin�,at publle�uctla�to th�hlph�it bidd�r. Tro�tae may postpon�th�sa��of all Ot�ny Ocrtfon of tM
<br /> •��c PrOpfrty by pubUo announamsnt at th�Um�and pince o�aep,and from Hm�to tlm�th�uaftu mt�y po�tponv th��alv by publio announwm�nt�t - - -------
<br /> � th�dm���q p�I�G�tix�d by tN�ptlo�dlnp po�Tpvn�m�nt.Trud��1hti1 dslrvff to 6uoh purohaC�i ttt d�ad CO�wyfng tne prop�rly.or porf�un theroot, --
<br /> ___ ...•• sn soid,but without any oovenant or warnnty,expross or impAed. Th�reeitals in weh tle�d ot tny matters o1 fact or othtrwise,ahail b�eor+e�uaiw _-
<br /> r°,?;�,•,_ ;; proot ot th�ttuthtulnou thtnof. My p��son,Includ�n8 Grentor,TrutN�ot Wndu,may purchaae et suah aal�. ���,_T�
<br /> y.,,_ 27. REQU!'JT FOR NOTICE3. prantor nqwsts that�eopy o�any notie�01 d�t�uft end+�copy of any notloe of aele hu�und�r b�rteallsd to��Ch �y- -_ �
<br />- � ��� � pmon who i��puty h�roto.at tn��tltl����01 WC�p�tlon a�t�orth hen�n at the aame tim�end ln�h�aam�mann�r roqu�na�f Mou�h a separate ; ,r..a,.�
<br /> :��;� r�quat th�rsof had bnn fli.d b y�ach sueh p�non. �•`�'•�i •_
<br /> ,� :'
<br /> ?2. BECUAi71/INTHR89T UHOER THB UNIFOFiM COMMEHCI�L COOE. fi��De�d Ot Trult �hdl be cenaidered e finenofn a fa t�mm t�n d a ;,;�f;�'•
<br /> fl�tun(il(n t��-
<br /> g punuant to th�provi�(on�of the Unitorm Commerc�l Cod�(�a adopted in Me sun wh�n the roal propeny t�IocRted�Cowrinp fixturea, �°Y.---
<br /> � ehatiets,and aRlcl�s ot psrconal property now own�d ar h�r��h�r attach�d to or t0 bo ut6d in COnnoetton wdh ms Propeny to8�th�r with any I�nd IJI ,,
<br /> nplaesmmts th�r�of and addlttons thonto(th�'q+att��sh,and Gnnter h�reby grl�nt�Lender e sscuri�y Intsr�st In auoh Chstt�ls Ths debtOt f1 thC :�y.,,, �!'�'�`-
<br /> Grentar descdbed nbove. The secured pnrty�e the L.ender da��ibed nbove. Upon d�ma�tl. G�ante�ihau mtke.Oa�Guto nntl deliver such eeoudty �' "`-"• n�
<br /> � i ,,'�
<br /> tqr�tmfnta t���uoh term ie defined in eeid Uniform Commercid Cod9}��(,ender et�ny time mey de�m n�ascary or prop�r or raqulred to pnnt to �%y,^�.,,;: *��,;�ry°qv�
<br /> �� . t,end�r a psr��ct�d sscuriry interest�n the Chnttsls,ind upon Grantor'c tailure to do eo,Lender is authotiZed to S�en any such agn�mont ta th�tg�nt , , y
<br /> • of Qrnntor. Grentor hereby authenzea Lender to f�la tinanGng slntemenb(at such tum is defin�d in eaid Uniform COmmerci�l Code)with respeot to
<br /> � the Chari�lo.at any Um�,wlthout the slgnaturo of G�antor Grantor wlll,howover,Gt any time uqon roquest of Lender,sign sueh tlnanelnD stat�m�ntt. ,:•� ,..,�•
<br /> . Cirantor will pey a�l til�ng loes tor the fdmg o1 such t�nanang statements end for the reflling lhereoi�S the iimv�reqwred in the ap�nfan of Lcndor,by
<br /> sA�d Unlfotm CommorG�l Code. if the lien o�th�s peod of Trud b��ub�ect to any seouriry agrum�nt cow►Iftg th�Ch�tt�l�,th�n itt th��v�nt ot sny
<br /> ' d�hult und�r this De�d of Trust,aU the�Iflht,tltls and(MUest of Grantor in 9nd t0 tny�u'ttl tt��0�the ChaRela��heroby esslgnsd to Undtr,teg�ther -
<br /> with tha Dsne}it ot�ny depos�tb or ppym�nt�now or hereafter mnde therYOt by Gnntor a M�pnd�e�NOn Or vucGNOr9 fn t�tle of drantor In the
<br /> ' Proporty. .
<br /> 29. REIINS(1RSENI�NT OF AMOUMS EXPENDED BY lENOER. Lrnd�r,at Lend�r'v opSion.m�y�xpond tunde(inaiudlnp nttorneys'fe�s and I�gal
<br /> ' �xp�nsestto Q�rtorm eny�ot nquir�d to be t�ken by Gr�ntorar to�xsrelc�any rlpht or remedy ot Lendar undsr thfa Doed ot Trust. Upon d�mand, ��'
<br /> - , - -: --_ . ._ _�� _�_.:_..�..__•��..__�__�_.�._��....,ti...,...���..�..�d.d n�t andsr tnoefhu wkh Inbrect ffisnon Qt th!IOwet 0�the hibhllt fOte ___
<br /> d�scHb�d�ln iny�Oblig�tlon o ths hiph�st nt� anow�d by qw irom th�date of payment until the dAte ot re�mburaemant. These eums shall bs -
<br /> Ino:ud�d In th�dtHnitlon of pbllgatlons hereln and shtll b9 beound by ths b��9flClal�ntere�t grantoG nerein. it the ObitOstion�nre pnfd �ft�r th�
<br /> beginning vf publication ot notice ot�ale,ao he�em pro�ded,or m the cvent Lendor shail,at Rs sole option,pltMit O�tntOr t0 pl�y My part ot the �
<br />_ OCllg�tfons afnr the begtnnlng ot publlcatton of nottce of sale,as he►eln ptovld�tl,th�n,Grsntor ehall pay on demend all exp�n�ee incurred by the
<br />= • TrWtee tnd LAnder in eonneetion with said publieaGon,inelud�ng reaaon�ble attorneye'fees to me edorneys for th�Trustee and�or the Und�r,and�
<br />= na�onabl�!��to ths Trostee,and this Deed ot T►ust shali be suu rlry for an�uch Pxpensee antl laea,
<br />- Z4. APPUCATION OP PAYMENTS. NI p8ym8Tt8 rttAQO by or 0�1 b0hs1}01 Gr+�tOt maY be applt�d agalnst the amounta pald by Lender(ineluclinD
<br /> , dHorneyr�'fees Bnd 19g�1 expene68)In tctnnoetion with the ax�rciee 01 fte rightt or remedies deacrlbed In tnis De�d ot Trust and then to ths p�ym�nt �
<br />-. ., o}tho ramairong OblignGOne�n whatovor erder Lender�hooseo •
<br /> 1s. POWfiH OF ATrORNEY. Grantor heraby eDpolnta Lender e� IW ottornaydndnot to�ndore� Grantor'e �arne nn an �netrumente and ntnsr
<br /> document�pe�taimng to tho ObhBatlone or pood ol7ry6l. In edd�tion,t,endvr thpll be vntltlod,but not r�qulrod.to ptrform any actton o��x�CUt�any
<br /> �` ' 6oCUm6nt roquirsd to he taMen or e�ecuted by Grantor unA�r thia O�sd of Truot LendO�'1 qeriormpnca vt auch �ation vr execut�on o1 iuch
<br />- 60Cumpnte�h1�11 not rNlAVS Grantor trom any Obllptt�on or eun any d�fault undsr thle pe�d o}Truet. All powe�e ot pttorney da6on4od in th�e Ged of
<br /> : Tru�t an coupled with�n�nt�nst tnd u��rnvooabl�.
<br />= 20. $UORODATION OF LfiNQfiR. Lendo�shnit�o SuDroplliCl 10 th0 nphts of the holder ot any prsvloua lien, cecurlty Intenzt er sneumbrcncs . --
<br /> i� dlsoharped wlth funds advnnced by Lender regartileee o�whether th0�9��ons.securqy intorests or oths��neumb►snees heve b�an nlsased ot nCOtd. �
<br /> i LpNBD��C Q FvrmAUO�Tw��otop��.Inc.IE/2lA01 16C01037 07iY Papa J o�6 ,�q,�n� .
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