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<br /> ' p2 SECi1lRfTlf(I�ITERE9T UIdDEA 1FtE tll�tlFORlN W�RCiAL CODE This Deed ot Trust shall be wr�sidered and 6e eHactive as a ftnanr3ng . 4 `
<br /> � statement end a fi�RUre fiGng pursuarR to the provisfons ot ihe Unitortn Comreraal Cade(as adopted in the state where the real Euoparty is lomisd) ` .
<br /> � � ; � •eeveringfixtures,Bi2�leis,and arddes ofparsonal pmpertyr nmv awnad ur heteafter attached to a to be used in eonnection with 7ctie Property together with � • . '
<br /> arry and aU re�aooments ihsreot and add�ions thereto(the'Chat[eis�.and Orarrtor hereby�arrts Londer a seuuiry irrterest in sueh Ch�tets. Tha debtor is
<br /> - r . ihe C3rantor�suiEed ahave. 71ils Deed ol Trust will 6e etteGive as a finandng a�rrertt 5led as a fucture SGng wph respeer to a0 fixwres indu�d wilhtn ��1 .
<br /> - ; satd s artd is to be fsed for reoord in the real estate records at eaeh courny where any pan of said prertises(in�dng said B�eures)is siwated. This `� , .
<br /> � . �. i � ot Tni&t shalt atso ba otfecure as a finaneing statemenl aover(ng arry other finand�ng statemem�8 o U s Oeedrol Trust�shalt he sutftdent as a 9 ` . .
<br /> . , � otftae. A car6cn.photo�aphle or mher wpm�d3on af ihis Deed ot Tnut a ot any .. • . ,
<br /> fimartdng statertBm tor any of the purposes referred to in thls Rata�aph. The sewred party(s the lender desaf6ed ahove. Upan demand.Grantor shall .
<br /> `? tre�as.exearte and deliver sueh sewnry agreertents(ss wceh term is defined in said Unitorm Cortmserdal Code)as Lender al arry Ume may deem .
<br /> ' . # neaessary or propar or�equired to�arti ta lender a pertected securfty ir�terest in the Chattets,and upon GraMors f�''iva to dn so.Lender is au�horized tu ' ,
<br /> , i slgn arry sueh a�eerteM as the agent oi Cirantot. Cisanta hereby aWtorizes Lender to fite finandng stateme[rts(as surh tertn(s definsd in sa[d Uniform _t ..
<br /> . ; CcrrQr�erdal Code)with respect to ihe Ch�tets,at any Urre,vrithout the signawre of Orantor. Qram9r arill,hawever,a1 any Urre upon request of Lendsr.
<br /> r •� sigr►sud►finandng srdtemerrts. ararttor w(11 pay all fiWg feas br the filmg of such ftnandng staiertBnts and far the refiling thereof at the tirtes requited.in , .
<br /> the apinion of Lender,by satd Unitortn Camnerctal Co�. If the lien of 1Ns Oeed of Trust be subjecl to any securiry a�esmsrtt covedng the Ch�tels,than
<br /> .—_-. ,.� sn the evem of any defau4 under this Oeed af Tnisl,aU tAe dghE,title and tnteresi of Qramor in and to any and all of the Chatteis is hereby assigned to _ _ _ _
<br /> Lender,to�h er with tha 6enefif of arry deposits ar payrterrts now or hereafter made thereot by Qrantor or ihe predeoessors or sucoessora in tiUe of � �.
<br /> , � .� tirantortn t�e Properry. , � .
<br /> , , � � '� ., u�
<br /> � ?3. R�61481iRS�A�N9'OF AMOiJl0T3 EXPB�i�ED BY LENO@i. Lertder,at Lendets a 'an,may e�end funds Mdu�ng�tomeys'tees and legal �,.
<br /> ` ' ' e�enses)to parfom�any ad re�tred to 6e tatmn by C�antor or w exer�dse atry right ar af Lender under th}s Oeed at Tnist Upon dertand,Grantor � � . ,
<br /> - , sha9 imr�sdety retmL�ase Lettder for aD such arrouMS e�ended Dy Lender togetherwith irrterest thetaon at 6�e tower of Ute hl�est rffie dssaibed in erry Q7 . _.:`' °,.,^��
<br /> • ' • 06Qgation or the highest rate aQowed bY law hom the date of paymem umtl the dafe of reirr�usemer�t. These s�ms shall ba induded in ffie deftnitlon of. �
<br /> ObQ�tions herefn and shall be seauedby the 6ertefidal intetest hereht. if the ObLg�Ions arepa(d aRer tAa 6egfnning of pu6IIeatIon ot natice af• •�
<br /> � sate,as herein provided,ar ln tha evern Lender shali.at its sole a on.pertrdt Qrantor to pay arty part of the ObRg�ons after ths beginnfig of publieatlon ot:.�. �-
<br /> . , notioe af sate.as tterein pravt�d.then,Grantor shall pay an demand atl e�er�inaured by iha Tmstee and Lender in connectlon with said p�licatinn, '"�- .
<br /> , indud�ng reasonable suomeys'tees to ths enomeys for U�e Trustee and fir tha Lender,and a reasona8le fee to the Tnutee,and thfs Oeed of Tnut sha116e � �•'�,.a'r'�'.t!
<br /> '-i seauily for ali sucfi e�enses end fees. � • ;. }.' :�:
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<br /> �- i 2A,APPUCATION OF PAY6SENT9� Ths Trustee shaU acolv the mceeds of ihe trustee's sala,firs1,to the costs and e�enses ot exerasing the power ot � "
<br /> .:� sale and oi the sate.indu�ing the otihe Trustes s tees�inaured not m exceed the amount whfch may be pravtded for in the Q�ed of Tnist. ° . ,: ` �'° °
<br /> second to pa}rmsnt of iha o61i on seaued 6y the Deed of Trust,Ui rd,to ihe paymerrt of junior dseds af trust,mortga�es or other Itenholders,and the �'� �._�.,::.;,, ,<�f.
<br /> � batance,(f arry,to the person or petsons t2gRaity erriti�tted merem. •
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<br /> � 'j 25� Pn1'IIER OP A7TORNEIf. Grdntor hereby appoims Lender as its attomey-in-fact to endnrse Qrantors natne on all inshumerts and o'Qter daameirts ' { r� :
<br /> �, � ':� pertatning to the Obltgationa or Oeed of Trust In addrt3on.Lender sha11 be entided hut nct requlred,to peRortn anY a�tOn or exearte arry doartsm 1 ' � �
<br /> - � • requ trad to be tataen ar exenited by Grantar under ttds Deed af Tn�st. Lender's��peAort�w at such acoon or exeaitlon ot cuct►doamertis sha11 n� L .. . 'S�=-`
<br /> • ce5eve tirantor from arry Obli�on or cure arry detauh under this Oeed of Trus4 Aii�axrers of aGamey desa�ed in this Deed of Tnist ars eoupled with an .— -- '�,",�
<br /> hnerest and are ir[evocabie. , '�''�'-`--
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<br />:�; 2B. SUBROGAT[ON OF L�iDER. Lender shail be suhrogated to the rf�►ts of ihe hctder ot any previaus lien,seauity IrRerest or encurr�ranee �, • '�•:�:"•}r=:
<br />-_ , dschargsd uyith fiu�ds advanced by Lender►egardless of whether these Ilens,searity imerests or other enambranees have been reteased af reoord. �- �.,.�
<br /> �. �i. '�,+t�*
<br /> , . � . .' 2l. COLLECi101�i COSTS.To the exteni�pertniited by taw.C3rarttar e�es to Londers�easorca6te tees and eosts.irteiue5r►g,but not I(mited to,tees i,' . ,
<br /> � and oosts af attomeys an�other agents pnciuding wnhoul linitation parat�a,derks and oonsultantsa,whether or nm suth attomey oreqerrt Is an
<br /> . , ert�loyee of Lender,which are ineurted by lender In coileding any amour��e or eMorc(ng any dsfit or wmedy under Ws Oeed of Trust.whether or not ' , �z:.
<br /> ` . suft is brought,(nrducLng,6ut nat lirtdted to,ali teas and wsta tnarred on appeal.In banlwptcy,and�or post-jud�nem collectian ections. • ; .�';:=
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<br /> • 28, PARi1A1 RELFASE Lender may reteass its trrterast in aportlon of the P�roperty by exeaiting and reoordng aae or rtnre Partial needs of � . ;i�'-�r
<br /> � � Raoomeyanae withaut afteeting ita iriteresl in ihe rertelning paNan of the Property. [Vathfig hewin shall be deerted to obliQate Lender to retaa�e any o!tts , .;�'--�
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<br /> � hdarest in the Property(exoept as requtred undor Para�aph 38 or aa may be othe�wise requUed by Iaw),nor shall Lenderb0 a61igated to release any pan , -�
<br /> � � otit►e PropeRy N tirantor is in detault urtder 1Ms Deed o-f 1'rust. The lien and sew�(�y Grterest cteated by ihe Deed of Trust remaln in effaet wltA respect to � � .',-�
<br /> � � ihat pottlon ot tha praperry,as deftned in the Deed of Trust,thal Is nat tha subjecl ot this ar any PaNal Deed of Reeomreyance : '�"
<br /> � � fLSODfRCAlf4Ai AHD WANER. The rtnd'ificaUan or waiver ot arry ot(irantofa Obli�ona or Lendels ris�ts under this Deed of Tn�st rra�st 6e ��_
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<br /> � . eentained tn awriting signed by Lender. Lende►may perform arry at Berrower's or Orentota 6ltgations,delay or(aii to exereiseerry of fts rl�ns or aocept ,•'=."�
<br /> . paycrre�ds irom arantor or e ofiet than Orarttor withau!rausing a watver of those ObHgaqons or tf�ts A wai�rer on one oeeasion shatfnot constibde • �:,�;
<br /> re
<br /> � a tivaiver on any otAer oceas on. tirantars Obli ons under this Oeed of Trust shaU nm be aHeeted Hl.ender amends,eots�rartises,exchanges fatis to •��_
<br /> �xe r dse,I t t�a U s or re leases any o i t he O b i i�b e ton�ng t o any t i r a rt t o r.B o r r o w e r o r t h t r dparty o r a r ry M i t s d s fi t s a g a f n s t a n y Q r a n t o r,B o r m wer o r � `�"'`'
<br /> th i r d pazty or arry o t t he Prope r ry_ L en d e rs f a l Wre to Ins i s l upon s tr t c l p e r t a m�a n c e o f a r ry o t t h e O M i g a t i o n s s h a l l n a t b e d e e m e d a w a l v e r a n d L e n d e r s h a l l :�=
<br /> � have the dffin at ar►y Urte thereafter to insist upon svict per(omrance. � , '";;`
<br /> 30. 3U8STiPll�E TRUSTEE;TFIUSTEE UABILiTV;COMPEIdSAT10N. In case oi the death,(nability,refusal to aq or absance of the Trustee trom tha � ; •:,;�r�:
<br /> � � � state where the reat property is toeated or in case the hotderof the 061fpa�ons shall deslre for any reason to remave 1he Trusteo or arry subsUtute trustee as _ _
<br /> irustee Aereunder and to appolm a nsw trustee tn his plaaa and stead,the holder of the 06ilgailans is hereby�ed full power to eppolrrt in writ(ng a r
<br /> �� . � substitute t►ustee far said Tnistes,and the substttute trustee shall,whenappoIrrted,6ecorre suaessor to atl d�ts ot Tntstes hereunder and ihe same shaf1 � . � . - °�
<br /> �� beooma vested in hlm for the purposes and obJects of ihis Deed of Trus1 wRb aU thapower,cff�tles and obtfgaflons herein�rred on the Tnutee.Tnistee • . _'�
<br /> f s h a i l n o t 6 s Q e b i e f a a r ry e n o r o f i u d c u re m o r a e l d o n e b y T n i s t e e,o r b a o t h e rv v l s e�e s g o n s(h l e or a c a oimta6te under m ry ciraunstanoes whatsoever. .. . .
<br /> Trustee sfiali not be personally liab 7e fn mse of emry by i1 or arryone acting by virtue of the pawera he��a n ted fl upon the fleed of Trust for Qabts
<br /> conuacred or Itabil' or es incuned In t hs m or a o�a f s a t d pre r�dses. T r u s te�s h e l l have t he d�tore�y on t n s tr u m e n L . . , ,
<br /> � Td
<br /> . document or s��re authorizing or supporting any on taken or ro�sed to b0 tak�en by b hereunder or be�eved by l t Ing a o d tatt7�to be enutne. • .
<br /> p po ta e g
<br /> - Trustee shall be oMiiled to retmbursernem for e�e nsss inamed by it In the perfomanw of hs�ties hereimder and to reasonabls eortpensatton(or sueh � .
<br /> - � ' ot its seMoes here�mder as shall be rendered. Cirantor wGl,from timB to dma,pay ecmpensatlon due Trustee hereunder and reimburse Trustee tor and
<br /> save and hotd it hanrdess from and agatnst any and a0 losa,oost,liab(liry,dar►�age and expanse whatsoevar incurred by it In the performance of ita mrtles. � • .
<br /> 1 , ; Ail moneys recehred by TruSee shall,urNl used or eppiied as heretn arovlded,be hold in Vusl foi tAepurposea for whlch they were recelved,but need nat . :
<br /> , be segregated inarry manner irom ar.y other moneys(except to tf�a eMent required by law)and Trustee shall be under no liability►tor Irrterest on any .
<br /> monays reoehred by(t hereundnr. � . �
<br /> � 91. SUCCE980RS AND QSSIGNS. This Deed ol Trust shatl be binding upon and inure to the bene�t of arantor and Lendsr and their respeetive • . � � �
<br /> ' , suocessors,assigns,irustees.reoeivers.admintstrators,personal represerrtatives,legatees and devisees. '
<br /> -,:`� . � 92 [�SOTICE9.Except as otherwise requlred by taw,any notice or other oortammicatlon to 6a pravlded under ihis Deed ot Tmst shall be in wrlting and sem • ._
<br /> , to ihe parties al tha addresses desafhed In this Deed of Ttust or sueh other address as iha parttes may dasignate In wdting irom Ume to Urre. My such .
<br /> � notice so given and eem by flrst ctass ma(1,postage prepaid,shall be deemed gtven 1he eaAier of three(3)days after such notice Is sem or whan rooeived • .
<br /> �'� by ihe person to whom such notiee is 6oing givan. ��-
<br /> -, � 33. SEVEqABILiTY. Whenever possible.each proviston ot this Oend of Trust shail bo irrtorprotod so as to bo oHeetivo and valld undor appiicabie statu
<br /> • law. If any proNsion of this Oeed ot Trust violates the law or is unenforeoab►o,tAe rest of the Oeed ol Trust shall oominue to be valid and enforeeabis.
<br /> � � 34. APPidCABLE LAW. This Daod of Trust shali bo govemad by tha laws ot ihe stata where the real propartv is�ocated. Uniess applicabie law pravldss � _
<br /> otherwise.Grantor oonsents to the Jurlsmction and venue ol any oourt setacted by Lender.in its soie discreUon,rocated in that state. . ,.
<br />-• • 35. ONSCELLANEOUS. G►antor end Lende►a�oe ihat ilrr�is ot Ihe essence. Granto►waivas presentrnem,domand for paymam,notioe ot mshonor and
<br /> • protest oxcept as requIred by law. WI reforenees to Grarrior)n this Oaed o1 Trust shail Inetude allpersons si�ing below. N there is more than one Grantor. ,
<br /> thelr OWigatfons shall bo p' im and several. This Deed o}Trust represflms the compiele irttograted undorstanding between(irantor and Londer pertaining to . , •
<br /> tho tetms and cond;tions hereoi.
<br /> � � • 38. Nt0 iH18D PA8Ti1 RIGHTS. No person is or shall be a third parry benefiGary of any provislon of this Dead of Trust. All provlsions ot thia Oeed of
<br /> �,�'� . Trust in favor of Lender are irrtended solety for the benefN ot Lender,and no third partv shatl 6e emiiled to assume or expect that LsnQer wiil not wahre or �•
<br /> . conseM to the modiflcation of any provision of this Oeed ot Trust,ln LendePs sole d(saetion. � '
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<br /> 37. PAESERVA7TON OF UA81U7V QND PR(OAI7V. WAhoul aftecting the Iiabiiity of Bortcwer.Gramor,or any�ararrtor of the 06itgations,or any olher j
<br /> � person(exoept a person e�cprassiy released In writinp)tor the paymem��eg ormance of tne obtiga''�ns,and without af}ecting the ri�rts ot Lender with
<br /> respect to any PropeAy noi axpressly reteased in wming.and withoN i n inarry vray ihe pMori yt r ot this Ooed ot Trust over the interest ot any person �
<br /> aoquired ar firsl evideneed Dy reeordmg subsequent to tha reeording oT this Deed of Trust.Lender may,erther botore or after the maturity of the Obligationa.
<br /> and wflhout notice or wnsem:raloase any parson liable forpaymsm or peAormanee o1 all nr any parl ot the Obligatians:make any a�reerrent altering ihe
<br /> tem�of paymertt orpertortnance o}all or any part of the Obiigations:exerdse or rehain from exercising or vralva any risiM or remedy that Lender may hava : .
<br /> under the Dead o}Trust:axept adddional security of any Wnd for any o}ihe Obligations:or releasa or othenvlse deal with any roal or personal property :
<br /> securing the Obllgatlons. Any person aoquiAng or reeordng evidenee of anp irtterest ot any nature in the Properry shall be deemed,by acquiring suefi ! '
<br /> , tmerest ar recordlrig assy av',dar,ca th�omat.ta t�va ccsi.^.crqui 2o a!!or ar.y sucts acriar�b��Lcrrdcr : .. _ _ ._ .
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