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<br />'` � , _ . i �1�9i DE�O�TRUST �8.— ����'� P�ge 4 -F .
<br /> ..� .. , . i Lo�n Mo 6�4?50 (Con4irtuet� - • _ . . -.
<br /> � � sam9 ef�act es an Ev3rrt m Deta�dt cas deflned betow�.and tenGer may�arry��It or tts a+raoabt�remedies tor sn Everd ot Oeta�Ut as �` . ` , ;.
<br /> _, . ` ( , .� � provtQ9d�Ov�uns�That�e(t� (a)Days the imc Defare R becom�de4nqu�r�or (b}Co�s tne tax as praN�O eDove tn th0 Te�ces and : • . �
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<br /> t l a r�s s s�4 l o n a nd��its wNh Lenc�cash or a�ent e a r�orate s u r e t l►bond ar oU�er s e c u r i N sa�tado r�►to LenQer. `.` '_ -�
<br /> � `` . ' l_ { SEGiAiTY AGR�'s Fi111A4�SGMG STLtiT��NiS. Th9 fo4owfn9 PtOVlsiorts�t8ting t01hL4 068d of Ttust es e SsCW(tj►8gtt39mettt�9 p8tt 0! ; �<` �.' ; `
<br /> i this Qe9d of TtUSt,
<br /> '. S See�atry a�ceme,n. 71�ts instrume�#snaa cans�um e securBy a�eement to tno�Gen1 any at tha Pruyeny car�satut�rucures m ottaer
<br />'�� . ..� . : � � Pe�sortfil PmA�A►.end Lender shaU have a0 af the righis of a secur�d D�N undgr U�s UNfum Comat�ciat Cods es amenQsd�am Wng to • = C'
<br /> ., } � •
<br /> s ; S..�aally tt�te�e89. Upon request Oy LenQa,Tnstor shai!m�u�flnandng sLatemerib end teke whenaver attier ec8or�b teqttos�sd by Len�r ,
<br /> s
<br /> � � � to peASd and con6nue Lende�s se�xmtyr hrte�est in tha Rertb and Pbrsona!Praperty. Ia aQdlHan to reocr�ng tNs Deed at Tnat in the rea!
<br />"# - ` P�PeAy►aecords,Lsnder may.at arry time an4 wHt�out ttafh�auNo�lton trom Tntstor.Ra e�cuted courderperJS.coytee ot repraQueL'ans of `"
<br /> �. ` - - ` ' tAis Oesd of Tnst as 8 flnanGng statement Tntstor shaU celmbirtse Lender Por aQ e�qte�6uaured in perfacHng ar cionEntting fALg securHy ' _ ._. _ .
<br /> ;�� ` : -- - -- - •{ Intetasl tJpon deTaWt�Tnistor sAall asssmbte th9 Reasonal PmpeRy tn a martner and at a ptaaa�essorta6ry eomreNent to 7rostor and I.end� ---�--� --:
<br />-i: � and meke H avaQabfe to Lender within ttuee(3)days after receipt ot wrftten 6emand 6am L�nder. ;
<br /> '� , �� � � + AQ� The rt�ei3ing eddr�of Tn�stor(debtor)and Lender(seceued PartY).from whtrsh infarmatiort conoeming the secttrfly ir►t9rest . .. .
<br /> °- - . `• grant�J by tNs Desd o!Trust may be obtalned(each as requhed by the Urdfortn Comrtrerda!Ccde?,are as s�d on the fust page of Ws Osed ,
<br /> +�.,; • •� atTn�st ' ..
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<br /> �i�:` FUATf�i ASSUAANCES:ATfORrlEY-tN-FACT. The fo�owtng provts[ons ralating ro tuAher essurances and ettamey-in-fad are e Parl af th� _
<br /> ?° . Oeed o}TrusL . _"- , .
<br /> 'z � FwQier Ass�uatt�s. At any tlme.enA(rom 9me to tfine.Won reptcest at Lender.Tnutar w(Q meAe.exec�IIe and deIIver.ot wID t�use to Oe ��:-;'' .
<br />-`�� . mads,�uted a deBvered.to Lender or to Lendm's Qe�gnee,and when cequested by Lender,cause to be fited,reeorded,�ted,or 4 ~
<br /> ��� ' rerecotdad.es the cass tngy be,at suef�6mes and in such offic�and piaces as tertder maY dsem aPP+�P�.e�U 8nd aD s�1 mntl0ages. ` _`�
<br /> ;`� • ..• ; deeds ot tn�sT.seeurftY dseds.securth►a�emerAS.6nandn9 stateme�ts.cordlnua�on�.�truments ot hiAher a�aancey o�. � : �;s'_�-
<br /> f � .f , and other Qocumer�a,maY.in tha sote oDlNon of Lender.Oe neoessery ar desirabfe in order to efleduata,comD[�a.Dert�ca�nue.a �. . . ,—
<br />-+�`` '�- � ; :L •� Preseive (a)the obagaUons of Tn�tot under ths No1e„Ws Oeed of Tnat.end th�Re�ated Docurr�Ms.end (b)the�ns 8nd securHy irtlera�9s . -:
<br /> �`, '. = created by tNs O�d of Tnst as first and pAar Qere on the PmpeRy.whether now owned or he�eafter ecQ�(red by Tmstar. Unhass profiibited by . :t�':- ;_;
<br /> - iaw or asread to the conban+by I.ender in wAtlng,Trustor shaA wimburse LenQer far ell costs and mcpens�s irtc�ured In cannecHan with ihe _ ' s�.�:..
<br /> ` r � m�rs teterted to in thfs p8tagt8ph.
<br /> i Attomey�f-Fael. ti Tnistnr feIIS to Qo any►ot the 1hU�referted to!n the P���9 P�fl�Gh.Lender m8Y do so tor end M the neme of , c_�..
<br /> �.�:`, � � ' . "_.:_:� 3 Tn�tor and at Trostar*s axpesae. For 5uch PurPasss.Tnstor herebll��b�A�tsnasr as Tnistors attomey-fcr�tad far the Purpose _ . .._-�: •,•r�
<br />- � �, � ot making.w[ecWr�g,deGvering,fillng,recmd[ng,end doing ell ott�Wngs as r�ay be necessery or desirabte,in Lendefs sole opWo0.to �
<br /> .,` .:•i" a eacompifsh 1h9 malle�s reterred to in the precedtng paragraph. • '"
<br />�::�. , pays aU ihe Irtdebtedness when due.and othervvi3e performs aD the ob6gaUor�s imp�ed uyon Tnuta tinder thts .� ..6":v�%�.—
<br /> ��` � FUIl PERF09iMAHCE. If T�ustor +�f `.�•-
<br /> i� . Deed of Tnrst, Lender sheU�cecute and d�ver to Tnatee a requsst for tull �ecortueyanes and shaD execute end Q9fiver to TNffior suitabl9 tt < .
<br /> _ .., sfatements of terminatlan af any financing statement on fite evidendng Lend�'s security interest in th0 Rents and tho Personal Properly. Atty 4s�s•
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<br /> .�?` . reconveyance tee requhed by Iaw shad ba paid by Trusta�.if permitted b9 aPA�cabte taw. :-�
<br /> � ,: �. DEFAI�T. Each of the faRowing,at the optian of l.enQer,sNaO constitute an everd of default(fvent af Qefatdt'�under tNs Daed o(Ttusk ����'
<br /> . _ . . `""•-.f.�.
<br /> ' . . Oetault on tMeStednes�. Fatture of Trustor to metce any paymeni wt�en due en tPie InQebtedr�. '`-•:�'.
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<br />'` ' � : � ' Oefauit on OtAer Payme�s. Fallure af Yrastor w1Wn tAe dme requued by this Deed of Trusl to make arry payment for f�ces or 6surance,4t . t'`�
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<br /> • �,;= any otrter paymerit necessary to psevent f�ng o}or to eNect Etscharge ot arry Gen.
<br />,;rl'; � OataWt bi Favor o?ThJrd PBrtfes. Shoutd Borrower ar eny Trwtor defa�tli under atry to8n,extension of�xedi�Sectutty 8greemenl.purCt�ase ar � �?� 'Y
<br /> '` • setes 8greemenl,ot any other egreemenl,in favor of any other cred'rtor or peison that may matedalty aff�t flny of Borrowe�8 proyerty or �� °•' _
<br /> � Bairawers or ar►y Trustofs ebifiry to repay ttte loans or pertmm thefr res�edive abGgabons un6ar fhis Oeed of Tn�S!ot arry ct tho Related • : ''%' �`'
<br /> � , ' �� Oocuments. � .,���.
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<br /> r.-;.. _ , __ . Cpmyiience Oetautf. Failure at Trustor to compry w8h any other term,obligaUon,covenant or eondiUOn conffiined in this Deed o1 Tnisl,lhe -_
<br /> -.�, . . Note or in arry ot the Rslated Documents. ''• �� �•'.��-:�;
<br /> •� • Effise Statentente. Any wturanty,representation or statement made or tumLshed to Lendet by or on behalf of ltustat undet thls Ueed of Tn�st�
<br /> � ' • •� the Not9 or tA0 RelBted DoCUments is fatse or miste8ding in 8ny m8tert8l respeCt,either now or 8t the Ume m8de or tumisheA. � ��=
<br /> � � Q".tE�Ctive COIJatBtAlimUoo. This Oee�of Trust or eny of the Retated Documents ceases t0 be in tufl forcg gnd eft2d(includi�f�7ut9 Of etry � .�� �•
<br /> ;� ; ' �. co0ateral documer�to create a valid and pertected security interest or Iten)at any tlrr�ana tor any reason. ,,�-� .�
<br /> ' ' Oe�or fnsolvEnCy. The death ot T�ustar or tha dissoiutlon or terMnaUon of Trustors e�dstenog as e going busin�s,thg fnsoivenCy p! '.�: 'l;.,,:,.�-
<br /> ��'` Trustor.the appolntmsnt o1 e reoetver tor arry perl af TnistoPs propariy,any essignmant tor the benefit ot cred'itas,arry type of Credfior woAcou/. �
<br /> ,.� .. or the commenoement ot any proceeding under eny pantwptcy or Ingolvency taws by or against Tius[or. .: , -
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<br /> _?.. .,: Fareeiosure,FaAeiture.ete. CammencemeM of fo�eGosure rn ta+feiture praeeedings,whether by judfcial prooeeding,seltfiet�.repossessian �. _
<br /> . �any otRar methad,Dy any credfta+ot Tnista or by any govert:r,.e�tal agency agalnst arry of tha Properry. Hawever,thls subsecBan ShaA nol
<br /> .f,:::. �'�} appty in thg event ot a gaod tailb Qispute by Tnutor as to the v2':01ly or reasonabte�ress o1 the cTaim wNch b the basis ol tAe foreaosuro m �' a
<br /> r,., , r foreteihaa proceedirtg.provlded thal Trustor ghres Lender written noUce of such ctalm and t�unishes reserves or a surety bond for the dalm •�
<br /> �;.... �• . ; setlsfadory to LenQer. . . .
<br /> #`"�._ • . � . Breaeh ot Other Agreement. Any breath by Trustor unQer ths terms af erry otAer agreement between Trustor and lender 18at is not remedied , . �
<br /> i within any grace perlod provided thereln,inctuding without IlmitaUOn eny agreemeM wncerning any Indebtedness or other obltgebon of Ttusta � '
<br /> --- _ , to Lender,whether exlsting now or tater. ' • . �;,•'
<br /> Events Aiteciing Guarantor. Any of the precedmg events aceurs with respect to any(ivarantar ot any of ihe Indebtedness or any tivatantot . '
<br /> � , � dies or bacvmes�rtcompetent,or revokes or dlsputes the vatidity of,or�abiiity under.any Guaranty ot the InQebtedness. Lender.et i�opUon, - •
<br /> � , may,bu1 shall r�ct be repuired to,permit the Ouarantors estate to assume uncondlUOnalry fhe obiigatlons eAsing unde�the guaranty in a • . .
<br /> , . manner satisfaciary to Lender,and,m doUg so,cure the Event of Oefauli. ' ,. .
<br /> �. ' • AQvete9 Cheqge. A meterlai aWer50 chenge occurs �n TrustOrs BnBnGal condidon, or LonCer believes th0 prospect ot payment or �• .
<br /> ;, �'; , . peAOrmenc0 01 the Indebtedness is lmpshed. '
<br /> InseCUrity. lender In good taith deems iLSeif InSecure. ,
<br /> ': '; . Right to Cute. If Sach e faiture Ls curabie and if Trustor has not been glven a notice at e breaCh of the same pravision of this Deed of Tnist �
<br /> ' within the preceding tarelve(12)months,it may be cured(and no Event o}DefauN wiU have accuRed)If Tnator.aPe�Lendar sands mitten .
<br /> nodce demanding cure of such faiture: (a)cures the feilure withln fiiteen(15)days;or (b)N the cure requlr�more than fifteen(18)days, �
<br /> ` � • immediatety iniUates steps suNlclent ta cure the faiture and thereafter conUnues and comptetes eil reasonabte flnd necessary steps suHideM to �
<br /> �''�'' produce campAartce as soon as reasonahty pracUCSI. � • �
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<br /> RtGHfS ANO itEMEOlE3 ON OEFAULT. Upon the oCCUrtence of gny Event af De�ault and at any t)me lhereaHer,T�ustea or Lender,al ifs optlon, '
<br /> :��„•� � , may exercise any one or morg ot Ihe following rights and remedies,in addition to any other rights or remedies proaded by 18w: .' -.
<br /> � : Accelemlton upon OetDU1t;AddtUonaf Remedles. tf any event ot defauit occurs as per the terms ot the Note secured hereby,tsndor may •
<br /> dectare e11 indebtedness secured by tMs Oeed ot Trust to be du�and payabta and the same shail tAereupon bscoms Que and payabte witAoN � •
<br /> - any presentmenl.demand,protast or noUCe of any klnd. Thereatter,Lender may:
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<br /> - • � , (e) Either tn person or by egenL wilh ar without bdnging any ection or praoeeding,or by a recetver appolnte0 by a court and without
<br /> • regsrd to the adoquacy o1 i19 5ecuriry,enter upon and take possesslon of the Woperty.ar ctny pert thertv�},ln its own neme or in ihe name .
<br /> -.�-, of Trusfee,en0 do any acts whtch it deems necessary or desirable ta prsserve thB value,msAcefabillty a rentab�ity of th9 Property.or peA � �
<br /> � _ . of lhe Properly ar interest In the Property;Increase the income trom the Proparty or proteei thg sacurity of the Property;end,wllA or wilhoul �
<br /> ,{,:.,, , taking possess�on o11he Properfy,sue for or athervvlse collecf the renb,rssues and prolits of the Property.including t�ose past duo antl
<br /> � unpaid,and appty Ihe same,les9 cosfs and expensos of operehon and coltection,Inciuding attomeys'fa�,to nny inAebtedn�s secured � •
<br /> j �•�,:� . � by thls Doed of Trust,all in such order es Lende►may determine. The entenng upon and teking posses�lon ot tne Property the coltection
<br /> . ol such rents,�ssues and profits,end the application ihereof shall not cur0 ot walve nny Qelault or nd.tce 01 d9Wt��nnder tAb 088d o1 Trusf '
<br /> ?'� " o►invehdate any 8Cf done��response 10 such default or pursuanl to such notice o1 detault:and, notw�thsisnding ihQ tonfinuBnCe in
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