|
C .._ . . _ � �` ,` - . _ , ` , ... -- ' .� . . . . ..:- - .a- � .-. �- �.!src...,. - . . .. _..� , �
<br /> . ' ' _ __._..__ :_- ..�._...,_. .>.__'.._ . . ' � �. .. � �_ � :,t .
<br /> � ' �c) All appiieable laws and ragutatlons.inelud�ng.wiThout I'udtation,the Artedcans with Disa6iGdes Acl.42 v(raie of arry federal.state o�r munidpal � .c� . . ` . �.
<br /> ; r e g u l a t i o n s�o rt ut�g t ted iherewtder)and eU zoNng and huitdng laws and re�+lations tet�ing to the ProPerty bY � . `
<br /> • • � • aulhoriry w�th�Gri�dcdon over 8�o Prapertll•D�Se+�►Y are anci shall he observed and co r s�:e d w i t h in a i t rt�a te ri a!res p e c t s.a n d a l l r i g h t s.I i c e n s e s. .
<br /> � � penruts,and oerti9rates af aaupanty(indu�n8!vt nat lirtited to zoning variances.spedal exoeptions for noncantorming uses,and finai inspeeGon {
<br /> . i appro�,rals).whether te�porary or pam+a�►sm.whteh are rt�atertal to the uss and oaupancy of the Property preseottY sre artd'shatl bH obtai"ed. I
<br /> : preserved and.where neoes;ary,renewed: ' -
<br /> (d) Grantor has ihe right and is dulY authcrized to execute and pertortn its Ohiigations unds►ihis Deed ot 7nsst and these adians do not and shall not �
<br /> . oon111G wfth ihe provisions ot arry s1aMe.reguiatfon.ardinanoa.rute af law.oorrtraU or o�er agreement which may be 6inding an Grantor at any time: � .
<br /> ' (e) No aetion or proceedng is or shaU Ee Pendng cr threatensd whicA mi�t rtaterlaUy aftea the Properry:and . ,
<br /> �' . .s lfl Grarrtar has noi violatod and shall not violate any staune.��Ihe Pro�peRrty or�l.ende�ts�gMs ar imereslln t�haeP perry pu►s+�ant to h s�d�ot . . � .
<br /> , . j tAose govemfng Maiardcus Materials)whtdi mtgM r�tertai►Y . . - , , ' , .
<br /> Trusl.
<br /> , 3. PR[OA OEEDS OF TRUST.Grantor represenis end warrants that lhere are rto prior deeds of ttust aftectin9 any part ol the Proparty except as set torth
<br /> -- -'�' an°rdiedute 9�ed to this Oaed o1 Tn�st.whid►Orantor a�ec3s to pay and perfortn in a Umay rtmrmer. It ihere are arry prior deeds of trusi then . � .
<br /> �': Gtarrtor agrees to pay all amourrts owed.and pedorm all obGgatlons re�irao.under such deeds ol wst and Ute b�seafred thereby�x!turlher Z-- ,:` __
<br /> � a�ees ihat a defa�dt under arry prior deed of trust shaU 6e a detautt under tlus Oeed ot Trust and shaU erAitie Lender to aU cights and rerredes oor�tained � �r�
<br /> heretn or in the Obligat(ons to whieh Lender uYauld 6e emiUed in the event ot arry ather�fautt. �+ . „'`.,r ,; '
<br /> ' 4. TRIWSFERS OF iHE PROPEtiiY OA 8B7ERCIAL Q�iTERE8T9 liJ QR�(n Sche�iR e��arry �i�tterest therehi,or�oi a�U a�nefidal . ' . � r. `
<br /> • � contract far deed or transfe►taarry person of ail or any part of the reai�openy ershtp,trust.or � _ .
<br /> irrte�est in Bortaweror Grd m a r(�t B o r r a�v e r o r C i r a r rt a r I s n o t a n ffi u r a l p erson ar{�r s ons 6ut is a oorp�ratlon.�1m(ted IiabiTdY cortPafi►•P� `'�� ,
<br /> � ` � other legal er�iilY).Lender rtay.at its opSon dedare the autstsnding p r indpai balance of ihs Obfigatio�s ptus aoaued interest thereon i rt a n e d i a te t y�te�d� . - :
<br /> n i �:. .
<br /> .. . payabie. At tende�s reque�.Gramor or Borrawer.as ihe rase may be.sha0 fumish a ars�late statemem setting foM aU of its stac[diWders.mertmers,or , �� _
<br /> pariners.as ap�oPrf�e�and the ex[eM of their resp�tive ovmership interests. << ,,. � ,...-
<br /> � . . ,�,.. .
<br /> 8 ASSlGNEA$+iT OF RB�TS. In eonsideraGon ot the ObGgaBons,whid�are seaued 6Y this Deed of Tnist.Grantor ahsotutely assf�s to Len�n9 � .;"�'-,. i
<br /> � Grantors estaJe.n�t,tiUe. irrterast.daim and dert�and now cwned or hereafter ao4ufred in all existing and hrture leases of the Praperty( , -.
<br /> ,', • ` ettensions.renewa�s and subteases).all a�eemerts fur use and ocapan�Y ot the ProPertY(ail su�Ieases and a�eementa wheiher vrriuen or oral.are `��,�� . ... ���
<br /> � hereafler reterred to as the'Leases�.and altguara�mes of lessees pertom�ance under the Leasas,together vrith the i[ror�e and�ontinuing right to � �' ..�•,
<br /> caileci and receive aU of the rerns.in�rre.recsipts•revenues.issues.ProfRs and other incnrre of anfl namue n�du�ne g�minimu i rents.�a�rents. � -
<br /> , arry mawra eartirtg due�rfig any�on perfa�unc�r the leases or irom ar arfsing ou1 af�`ie ProPerty � ; _- _
<br /> _ . - par�age rertts,ParMn9 or camcron area rteinUananee oontrmuBons.tax and insuranee carari�csrlons,detuiency reMS,Ii4uidaded dartsges toliowing jr =_-
<br /> detauh in any Lease.a0 proeeeds PaYatste unde�anY P�Gey at in�ce oo�ering loss of rerrts r�g from urttenanm�'IiIY caused by _ _deshucNon or ,.:,,:,;y...,
<br /> danage to the PmpertY.aIl P►ooesds PaYabte as a resuU of a lessae's exerdse of an optlon w purchase the Properry.all Prcceeds dettvea fram ihe a,i `; .;h.�0.
<br /> ' temdnat�an or rejecUan of arty teass(n a trantwptiy or o�er InscNsn�7►�ng.and ail P�fiam any dgMs and clatrro of arry Idnd whtch(3rantor : . .�
<br /> -. - may ha„a against arry lessee under iha leases or arry oauParrts af the PropeAY(al�ot the abova are hereafter oo�ectively reierted to es ihe'Rertts').This _: .. r a
<br /> ` �ssi rtt is yubjeU to ths rigM,power and authoriry given to the Lender to �ect and ap�ly the Rertts. This assi�merd is re�t�sd fn aecacdance wilh ��� �1„
<br /> . a p p�p h t e state laxr,the 6en a e a t e d b y t h i s a s s ign r r e n t i a i r rtended to be s p e�i fla per(eeted.and choateupon the reoordu�g of Uds Oead of TrusT,all es `� ��:—
<br /> '.; • pmvided by appfirahie srate taw as art�endad fiam tirre to drte. As tong as there fs no Qefauft under�e O b l i�dons or ihis Oeed of Trust,Lender�ants �„_•
<br /> - ' Grantor a ravacable Iicense to coltect ait Rerrts from ihe Leases when cL�e and to use such proeeeds(n Grantots business o p erationa. However,Lender s• ':` ��_�MT;�
<br /> may�any tir�require Gtantor to depos(t afl Rents irrto an aoeoimt ma3r�lned b!►�or or lander at Lenders insKitudan. Upon defauft in ihe payrtiern s _:`,^_
<br /> .� '"' of.or in rire pertormanoe af.arry of the Ob6gattons.Lend�r may a1 ita opUon take possessian otthe P�rly and have,hold,manage.Iease and operate ihe • _ -�-
<br /> �� � propetty an terms and for a pettad ot�rte Uiat Lender deert�s proper. Lender may p►oaeed to colted anr!reeehre ail Rents from the property,��di►
<br /> �� . . shali have fu(I power to maks alOerallons.recrov�lons.repahs or replaoements to the ProperiY as Lendet may deem praper. Lender rtay appty --,;���`-
<br /> .s.: Lendefs sole�Serebon to�yrreM of ine�9�ons ar io the pa+/rrerA of the oost ot sud�atterations.renovations.repairs and replamrt�ents and any :.:_:�__.
<br /> . ' expenses indderA to taldng and retaUiing possession of the PmPBRY Periad�eaIIy end ihe mana�Rerd end operaUon of the Propercy. Lendet rrtayl keep t�a _ _¢�,
<br /> . PmpertY D�Da�Y insured and may msd,arge airy taxes.charges.datms,eseessmerrts and other Ilens which may accrue. Sha axpense artd cost of these _ �,
<br /> ,. othar wstsyshatl bewr�Dart ethe 0 �lan�seare by�Deed of T sti��������of ihe Ob�igatlons. These amouMs,tageiher wrih ` . . �
<br /> �''� ' _ : '`;�.���:
<br /> �;, _ . .
<br /> 8. LEASES AND 07ttER AGREEE�iT3. Qrantar shall not take or tail to take any aaion whleh mayr eause or pertN1 tha termination or the withhoimng of .•;„:.
<br /> ' �ny paymarn in connecUon with arry lease or o�her a m('A�eement�partainin8 to the PmPanll. In addNan,(3rantor.v�ithoN Lenders prfo►wdttan . . � 4-+�'�
<br /> consoM,shail nat(a)coiteet any menles payab�e un r any A�eemem more lhan ono rromh in advanca:(b)rtndiN enY Agre�rtmm:(e)assign ar altow a , ��..•+q�=-
<br /> - . lien.seeurity hrteresf or ather enum�r�►ee to be P►aoed upon(iranto/s Aghta,tiUs e�d interest In and to any A�eemerA or t�e amowRa pa7lahle :_._��
<br /> � � � lhereunQer;ot(�terminate or eanael erry A�eertem exeapt for ihe nonpaymem of arry sum or oiher matedal 6reacl�by fie o4rer party ihereto. tf Qrantor .:��
<br /> �acetves at any t�me any w�i tt en oom�am i c a U a n assenin g a detauh b y(irantor under an Agreert�am or purpoAing to tertninate or cancel any A�eerrerri. .
<br /> Qrarrtor shafl prort�tty turvvae'd e wPY of such eormdnication(and any sukuequem oomrtamiq0ons wiating thereto�to Len�e Aii suoh A�eemants an d , `.�_,,--�,
<br /> ' � the amourrts due to Grantor thereunder are hereby essi�ed to lsnder as aQdtional securitY for the 061igaUons. • ;f,_._
<br /> • �:.�.ir•r_.
<br /> 7. COLlECiION OF INDEBTEANESS FRdaA THIRD PARTY. Lender ahall ba emitled to notity or require f3rantor to notity eny third party pnduding,but . � ,;,:���
<br /> net 1lmited to,lessees,ticensees,govemmental aulherities and insurance eort�anles)to pay Lender any Indebte�ess or obligatton owfng to Grarrtar whh • _ _
<br /> cespect to the Properiy(wmilative►Y 'tndebtedness�whother or not a deTauk exlsts under this Deed ot Trust. Qramo►shall�ili�mly cotleG the . ___
<br /> • �nde b t e d ness ow ing t o(i r a n t o r t ro m t h e s e t h i r d p a r hes umil the g l v in g oi sueh notiftcaUon. In the evem thaf(irarrtor possesses ar reoeives posssssion of y'��,
<br /> ' any��struments or other rertfitances with respeet to the Indebtemnesa follovring the givfng of sueh notiBeation or H th�tnsm,merrts or o t h ar re r r�u a nws . .�-
<br /> ' oonsqtute th0 pre oi arry Indebte�ess or tAe payrrent of arry insurance or oonderrmation prooeeds.Qrarrtor shall hotd sueh inslnmianta end other
<br /> remiUanees fn trust r Lsnder apan irom fts other properry,endorse the fnstruments and other wrtdttances to Lender,and imriemately provlde Lsnder with . .�
<br /> possessfon of trie instrumencs end other rom(ttanoes. Lender shail be eMiiled,but not re�utred,to coltecl(Iry legal praoee�ings or atherwlse),extend tha • ..
<br /> ' time tor paymem,wrt�romise,exchange or retease any obligor or ootlaterai,or othervvise sente arry of the indebtedness what�er or not an everA oi detauit •
<br /> '" exists under this Agreemern. Lender shatl nm be Ilabie to Grantor for arry acdon,error,misfake.amtssion or detay rtatning to the aetlons desaibed in this �
<br /> ;;�' paragraph or arry dama9es resufting therefrom Natwithstan�ng the foregoing, nothing derein s�cause Lender to be deemed a . . ,
<br /> rtnrtgageo-in-possesston. .. ..
<br /> 8: U8E AND MAINTENAI�ICE Of PROPERTY. Grerrtor shall take all acllons and rreke arry repaUs needed to rt�afitain the Properry in good condtion. .
<br /> � arantor shall not aorr�rdt or pertnfl any waste to be oorturitted with respect to the Properry. Oraritor shall use the Property solety In oortpilance with , �
<br /> applicabte law end insurance polidea arancor shall not makea�ry aiteratlons,addNons or irr�ravemerris to the Pmperty wfthoul Lendefs prior written . .
<br /> wnsem. Wdhout BrtdBng the toregotng,all aiteratlons,addrtlons and irr�rovemerits rr�e to the Properiy shall be sub(ec1 to the benafldal tnterest belonging
<br /> to Lendor,shail not be removed wi;ho:n Len�fs prlot written oonsern,and shall be made at t3rarrtors sole e�ense.
<br /> 9. LOSS OA CAfAAGE Qrantor shail bear ihe erAire dsk o1 any Ioss,thett,desUuction or damage(wmutattvety'Loss or Damage�to the Property or arry . �
<br /> poNon thereol from any cause whatsoever. In the everA of any Loss or Damage.Grarrcor shall,at the optton ot Lender,repair the afTected Property to tta : �
<br /> � prevloua candnion or pay or cause to be paid ta Lendar the deuease in ihe}alr n�aAcet vs.ue a1 tha afleqgd PropeAy. ,
<br /> ` fl od earthquatw,tomado a�na tlre.l'ihoft o�othor casualry o��the e�to�m requi�ro�d by Lnnder�Grarrtaor rrey obtain insur�anoo on herPr�r�N hom s ch � � • .
<br /> eonq►anles aa are aoceptahie to Lendar In iia sole disaeUon. The insurance poileles shall requlre the insurance oort�any to ptovide Lsnder wiih at least
<br /> 30 days'wdtlen noUce 6efors sucb policles are altered or eanoelled in any rrenner. The insuranee polides shall narre Lender as a loss
<br /> pyaee bn pro�de that no act or omisslon of Grantor or any otherp rson shall aNeet the A�1 ot Lender to be paid the insurance pracaeds pertaining to the � ��
<br /> ',� � loss or damage ot the Property. (n ihe event Orantor tails to aequire or malrrtaln insurance,Lender(after prwl�ng naUce as may be requirod by Iaw)may . .
<br /> • In its�saetion pracureapproprlate insuranoe coverage upon ttw Properry and the insurance cost sha�l be an advanoe payab�e and 6eating Irrterest as .
<br /> � desaibed in Paragrapfi 23 and secured hereby. t3rantor shatl fumish Lender with evldence ot Insurance indi�ting ihe re�ired coverage. Lender may aq
<br /> as attomeyin-faet tor(irarrtor in making and settiing ciaims under Insuranco poliGes,eanoelling any policy or endorsing arantors nama on any�a1t or
<br /> ' negotiab(e Instrumem drawn by any insurer. Afl sueh Insurance lidos shall be irtIInadiatety assigned,ptodged and deiivered to Lender as turther seeurlty
<br /> � tor tho Obligations. In the event of loss.Grantor shall t ately give Lender wr8ten notice and Lender is authodxed to make proof ot toss. Eacf�
<br /> . Insurance corrfpany is dlreeted to make paymems d�reetly to Lender instead of to Lender and Grantor. Lender sha►1 have ihe risd�t.at its sole optlon,to �
<br /> _, appiy sueh moNes toward the Obiigations or tanrard the cost o}rebuilding and restoring the Properry. My amounts may at Londer's option be applied in
<br /> . • tho irrvorse order ol the due dates thereol.
<br /> '�:': . .
<br /> 11. ZONINO M1D PHIVATE COVENANTS. Cirantor shall not initi�e or eonsent to any change In the zoning provisions or privato cavenanta affecHng the
<br /> � cse of ihe Property without landera pdor wdtten consern. N Grantors use ot the Property bewrres a noncontorrtdng use under any zoNngprovislon. •
<br /> � Graritor shail nof eause or pemrit s�ch use to be discontinued or abat;doned withoul the pdor wr�r.en consent o1 Lsndec Grantor wilt irrm�diately provide � .
<br /> Lender wilh written notioe ot any proposed changes to the zoning pro�sions or privato covenants a"ec'ng tho Property �•
<br /> 12 CONDEMNAIlON. Grantor shall immemately provide Lender with written notice ot any actual or threater.eC condemnation or eminent domaln ,
<br /> procee�ing pertalNng to the Propeny All monies payable to Grantor hom such eondermation o���ee)in connec o w h the condemnat on�o rertdn�eM
<br /> first to the paymam o1 Lende/s a::omeys'fees,legal expensos and other eosts(inGudng app
<br />" domaln procee�ings and then,at the opilon ot Lendar,to ihe payment ot the Obiigations or tha restoration or repal►of ihe PropeAy.
<br /> � . _ _ .. :
<br /> .�� axe2d6 - .
<br /> ' 4ED078 a.er?A7 i - -
<br /> i f• -- _-
<br /> �,.
<br /> r :S�
<br /> ' • . . •
<br /> . . �., _. - -. .
<br /> __ . .. , ;�,, ''�� � -i ��t
<br /> -' -- . . .� . � � . . � -� __. . __ � . _ .._ .. . . ..�. _ ._. ... ._ ._. ..' -" ' .' ' �-"-- '-�-`-
<br /> .
<br /> . f : ..-. :� 'f,.
<br /> �� .
<br /> . ' �
<br />
|