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<br /> ` � 13� L,EI�pERS EtltitiT TO CQt�,lSVCE OH OEFENO lE�3AL ACflOPiB.(iranto►shall irrene�ately provide Lendet wtth m(tten naUce of arry ectual or . , •
<br /> 3
<br /> . ` � , threatened aqton.suit,or other�ooeedmg�tectfng the ProAarlY. Qrantor heraby appolrrts Lender as its attamey-in-tact to mrtm�nce.lrttervene fi.and .
<br /> • defend sucfi acdoda.suits.ar other legal�acoedngs end ta corr�aortdso or seffie a�ry dalm or oontravarsyperohiing thareto. londer shall not 6e liable to � . . . .
<br /> - Grar►tcr fot sury aWan.ermr,�atm.ort�slon or�etaY permWn9 to tha aetions�saibed tr►tNs paragraph or any damages cesutr(ng theratrarn Nothing � y .f.,'`.
<br /> � . � ' , oorrtatned herein will prevem Lender tram taidng the aaions desuibed tn tNs paragrapi�In Rs awn nama. �
<br /> 10.INDH'�++IlFtCAItON. LenBe�shafl not assume ar be responsale far iha per(ortrence ot ar�r ot Gramots oEligatlons with respec�to tha Pmpe�ty under � , " ' ,� �';..
<br /> IlF ,
<br /> . • arry draura�tartoes. Grantor shall irtQnedt�ely Provtda lender with wriUen rtodee ot and indetTSnty and hold Len�t and its shatehotders.�redors,afficers. Q ,,��;
<br /> . + , , � ert�(o7�ees and a�nts Aarmtess trom all d�ins.darna�as.liaEiGdas(ir►ch��ng attomeys'fees and tegal expenses).esuses ot setion.actians.suits and p . <<
<br /> ` � • ather Isgai�ooeedngs(aunularively'Clalrts�DeroUdng to ifie ProAertS►Mdudng.hut not lirtited to.those imroNing Hazardous Materlals). t3rarrtor,upon
<br /> ,. �. � the request of Lender.shall hire te�i counsei N detand LQndsr from s�tdi Galms.and pay the attomeys'fees.tegal e�e rrses and athar oosts ineurted iti �� `
<br /> ' eonnecttan therewnh. in the altemative.Lender sha0 be en6tted to emptoy its ovm legal wunsel to detand su�Claims at Granrors cost Grasrtor's � Q• •.. ` .
<br /> - . � ohGgazion to(ndsrtnify Lender under this parag�aph sfialt sunAve the tertrineman.rc!ease or toredosure ot t�is Oeed ot Trust ,:.�•
<br /> • 1b�TAXES AND ASSESSMH�IYS. Grant�r shallpay a0 taxes end assessnerrts reladng to Property when�e and immad�atety provide Lender evidence _ ; .
<br /> _ _ , . _ . ot payrtent ot sarns. Upan the request of lender,tiraMar sMaO de�sit vritl►f:sn�r earh rt�mh ansdvisltih{t/t210!the�ted answa!Insurartce �ri 1_•`-:�_
<br /> _ • . Fser�d�mi faxes and assessnerAS peAainin to the Pmperty. So tang as there is no default.ihese armunts shati he applied to the payrrern of taxes, t " :
<br /> . : pay�taxes or ag�Inst the �ans.�Ar+Y��a�ted mall.�Lendefs o�iannh ra�isd�ers�arse�arder at t�he��data�fMs funds s�o held to . • .
<br /> . 18. !DlSPEC7ION OF Pt�OPEEt7Y.BOQKS,RECOR08 ANO REPCRi�Cirarttor shaD aRcw Lertde►ot its�geMs to exandna�d the Fraperiy .. : . t�.� :
<br /> and examine.h�ect and rr�coptes ot 6arrtars 6aoks and reoords pertalning to the Properry from Urte W tICiB GI2ItMf Sh811�OYI�BIIy BSS�JiCB ' ,_ ,�.
<br /> � . �by teneer tar mese�aposes. M ot the sigrranues and tntom�tion car�tatnea m ti�ro�s 600xsand recocds shau bs genuine,m,s.acauafe and(� •
<br /> �n aA respeeds. Gratmor shaQ note 1h8 extstenoe af Lenders beneftcial icRerest in ib books and reocrds pertahdng to the Pro�rh• �o�Y.� .. . --
<br /> ' . - Cirantor sha0 report,in a fom�satis(acrory to Len�r,sudi inforrt�tan as Lertder rtall�Ne��9 Grantots fir�anc�l eon�tion ot the Properiy.7He , , , <_;:-_-
<br /> (n(om�ian shaU he tor sueA pedads.shal!refleci(3ratrtafs mcards at such tirre,and shall bB rendered with such freaueney as Lender may desi�ate. All � � � . •
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<br /> . . Uibmatlon fumished by t�rantorto Lender shatl be true,acwrate and eort�lete in a0 raspects.and signed by Cranrr if lender requests. � " .F ,..: .�..'.. .� :
<br /> _ ' ` 17.ESTOPPELCERTIFICATES. Withi�ten(tU)days after arry teq�cest by Lender.(irantor shaU detiver to Lender.or arry iMended transferee of Leaders � �.:.��`_
<br /> d�t t s vtith respeet to ihe Obltg�torts.a si�sd and ac(moxrtedged slaterrsrrt spealy(nng(a)ffie outstandu�g tmtanee an the OhQ�tions and(b)whelt�er : .
<br />:_.;,: � • Granwr possesses arry d�ims,dafenses.set-0fts or eo u rt t e n d a i rt s w i t h raspecl to U ie O b G g a d ions e n d.H s o.1 h B n a C U e o f s u c h d a i rt s.d e f e n s o s�s e t-o f f s o r � . --
<br /> • e�rtterdatrrs. Grarrtor wi0 be e�sclusivety bound bl f e�Y�e�m�icn that Lendet may make m the Urtended tr8nsferea wfth tespect tu ihese mattets in � �!t
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<br /> "�. .� tha evertt�GrarrDnr faDs m�ovide ttte reques:ed staterrierrt in a tirtely manner. - -=------
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<br /> ` �; ?,'': 18.O�AllLT.Granmr shaU be in�ha�dt undertfis�eed ot Tnut and the Tnutees power shaD 6emrre operaUva in the evertt thffi C�rantor.Bomoweror ;;, �.;.,� �--
<br /> �;. . . . • . -- - anygt�arttorofihaObffgatians �f.�,�.—_
<br /> :.73.!�!`-
<br /> , �';��� (b) faIIs to pet o yrtn�ar�ry Ohl�Iga�dlon�rlse�e�s arry warranry or covenarrt to Lendar eornab�ed in this Deed of Trust or arry other preserA or Urture �"`
<br /> a�� ��-__:
<br /> � {e) destrays.lases or dartaSes the Property in arry material respect or subjeets the Property to seiwre.coMiscadion.m candermation: , '"' f c ,
<br /> .'....' . (� seeks to rsvotae.terrrdnace or othecwise Iirtd1 rts liab(Ory under arry guar+anry to Lender: � �r'�.d'
<br /> -: , , (e) dtes.becames IegaOy incart�eUent,is�Hssolved cr teminate4 6ecomea insaNerA.malms an assignmerrt for the benefit of aedrtars.fslts ta PeY �'�'�-�:•
<br /> ega
<br /> �'� � deMs as iheY�eooms due.ffies a patidon under ihe federal bar+lauptaY taws.has an imroGmtary petidan(n l�anlauptcy filed in whtd�Iirantor.Bortower '^�_,;� _
<br /> �� or any guararttor ts named or has pmpedll taken under erty wrft ar prooess af courr. ._ .,;,-;���=
<br /> i _ (� allows goods to be used,transported ar stored on the Pmparty.thg posaesslon.Uansp�rtation,or use ot whieh.(s illegat• .. =--T�
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<br /> l. ' (g)attows mry party other ihan t3rantor or Borrower to sssurte ar�mderta(m arry Oblfgation withaut the wdtten eansem ot Lender,or F-
<br /> `�r.°..e_� .
<br /> (ry) causes Len�r to deem(lself inseare�e to a slgn(flcam dedlne le tha value af the Properry:or(f Lender,fi goad faith.far any reason.60lleves . ;�-�-
<br /> ' ' that the prospect at PaY►►�em ar Perbrtrance b irtpafred �:�=.
<br /> 19. R(GNTS OF LENOER CN O�QIILT. It thete la a defautt under this Dead of TrusL Lsnder shall6e emitted to e�rdse ane or more ot ihe foilowl�g � ; �����Y
<br /> • . �ememes v�ithaut rtatice or der�nd{exeept as requfred Isy law): � � . "�
<br /> `.� (a)to Qeelare the OCIfgaHons tmmed�ately duu end payabie in full; ' •
<br /> :".�:
<br /> . • ' . (b)to colfeel the outatamm�g 061tgations wit11 Cr whhout reso Nng to[udidal process: .`;�
<br /> (e) to require Grantor to dellver and mai�availa6te to Lender arry petsonal propeRy or Cfiattels wnsthudng the Property al a place reasonebly �-�"-
<br /> .' oomrenlern to Qrantor and Lender: • � .-;�-'"`
<br /> . i (� to er►ter upon and talto possession o1 tha Pmperry w(ihoul epplying tor or o6talning tho appolntrrem of a reoelver and,at Lenders opUon,to , . ;:�_`__
<br /> ,' . appotm a reoetver eithoul 6ond,wNhau�ftrst bringirrg sull on the Obligations and witt�oui ottienvise meeting any st�utory oond'itions regardtng r: • �•:
<br /> � , recelvers.it being irrtended ihal Lsnder ahall have this contraetual►i�ri to apyotm a recehrer, . �`.�µ�
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<br /> . (e) to employ a managtng agem of the Praperty end let the sarre,either in Trustee's oum na�.in the nama of Lender or in tho narr�of Cirantor,end . :�=
<br /> � ` reeetve tha re�rts,Inoort�s,icsues artd proflts of the Praperty and app{y ths earre,afler paymertt oi all nec�ssary charges and expenses.on aee9urri ot : • "�
<br /> , ihe0bitgationa: . .. '���.
<br /> (� to pay any sums in anyr form or manner deerted e�em by Lende►to protect the sacurfty of this Oeed of 7rus1 or to wre any Qefauri other than • ,•��•'�"`:�
<br /> . . paymem of irrteresl or pdndpal an the Obllg�lons: .. • .°
<br /> (�to foreolose this Deed ot Trust judidally ar nonjumciatly and to�irocl the sale of the properry throu�exerdse ot the power of sale as referenceB in . •
<br /> '`r, . • para�aph 20 hereof In acr000rdance with appiica6la Iaw: � . . �
<br /> (h)to setotl Qrantofs Obtlgatlans againsl any smourrts owed Cirantor by Lender indu�ing.Eut nm limited to,monies.Instrurterrts,and deposh
<br /> - • � aeoo�mta maimaiqed wflh Lender or any curterrtly exisling or fuWre aHiilate ol Lendar,and � '
<br /> � � � . p)to exercise afl other d�ts available to Lertder under any other written a�eemam or applicab(s law. � ,>�,:
<br /> � Lendars d s�t a are eumulaihre and may be exerdsed tagether.separatety,and in a►ry order. In the avem thal Lender Instihr.�an acUon seeldng the .
<br /> ' r e c o v e ry o 1 a r ry of the Pro p a A y b 1 l wa y ot a p r e j ud�r em remedyr in an aclion agalnst�rarrtor,Orar►tor wahres tha p osUng of any bond whleh rtd� . . �',�
<br /> otAen�lse be requirad tsndar or L endar's dasigiee maypurchase the PrapeAy at sale. Proceeds of any Tnuteea sate�ereunder shall6e eppl ed . ' . .
<br /> � � NraL to the oosts and e�e nses o}exerdsing thepawer ot�a►e artd ot the sate,(ncl�ng the pay�m of iha Trustee's tees actualty inaured and not to �
<br /> � exoeed the airourrt wtdch maY be praNdad for In this Deed ot Trust,saeond,to paymem ot the ObHgaUons seaired hereby,third,to the paymer�ot tunior . . •
<br /> trust doeds,mortgages,or other Ilenhdders,and the balanoa.if any,ta the pe►son orpersons Iegally entitled thereto. fie propeRy or any pan thereoi may
<br /> be soid in one paroel.or In sueh paroets,manner or order as Lender in fta sote mscroUon rr�y aleC,and one or more exerolses ot the power herein�arrted . �
<br /> � i sha0 not oxtingulsh or e�Qiaust the power unlass the emlre properry is sold or tho obligaqons ate pald in(ull. � . _ :
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<br /> . 20. TRUSTEE'9 EXERCISE OF POWER OF SALE ON OEFAULT: it Londor olects to 6e11 atento►'s Irrteresl in the Proper►y by exerdse ol ihe powe►of .
<br /> sato herein eomained.Lendor shall�otity Trusteo in the manner ihen re�ired by law. .
<br /> Upon receipl ot sueh notiee of Landor and at the directlon ot Londor,Trustee shail eauso to be recorded,published end delivered such noUaes of detault � �
<br /> � ' � and no!ioes of eate as may then be requUed by law and by this Daad of Trust. TNStae shali,onty at the mreetlon at Lender and without demartd on aranto►. . ,
<br /> after such tirre as may then bo requlred by law and after reoorcfatfon of aueh noUee ot defauH end after notiee of sa►e having been ghren es re�uired by law, .
<br /> sell tho PropeAY ai tho tirro and ptaco ot sale flxad by it in such notloa of salo,eithe�es whote or In separate lots or pareels or(tems as Lendnr shall deem .
<br /> � expament,and in such ordsr as it may detemdne,at puhlia auctlon to the highest bidder for cash in lawtui money ot the UNted Statos pava6fe at the time of . • .
<br /> sale,or as olharwise may then he roqulred by law. Trusteo shall deliver to such purchaser or purchasere tharoof its good and su(fidertl deed ar Ceeds
<br /> �. • � . conveying tho prop�Ay so sotd,but withoul any covenarA or warranty,express or irr�fied. The redtats In suth deed of any matters o►facts shall 6e
<br /> • condusivo prool 01 tha 1MMuiness thureot Myparson,indumng,without Iirtitation,Orantor,Trustea or Leoder,may purohase at sueh saDa. trustoe may . .
<br /> in ihe manner provided by law postpone salo ot all or any poAlon ol the PropeRy. .
<br /> � 21. RE�UEST FOR NOTICES: Ciramor requests that a copy ol any notice of defauh ertd a oopy of any notice ot sa�a herounder ba maited to eaot►persan
<br /> . who is a party hereto at the address ot such person set fonh herein a1 tho same time and in the same manner required as though a separate re�est ihereol
<br /> had been filed by each such person.
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<br /> NEDOTC Rw.297 P2pe3o16 �
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