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<br /> .� � • .22,SECUAf7Y li�ITFAE3T UNDEH THE UNffOAEEf COlE3�Ei�CfAL CODE This Oeed of Ttus!shall 6a ccnsldered and be ef(seUve as a flnandng . . ..
<br /> • ` statsrrenl and a S�diue fiUn9 pursuant to the provisions of ihe UnH�m Carru�etdal Code(as adopmed in the state where E�reai ProAedY is Inc�ed) ._,�. ,.-,.:�:.�';,
<br /> . ' . , �,��g��,��,�d artides of��nsi�oyeny notiv o�med oc hereafter ffitad►ed to or m ba used tn�an with ihe Properry tagether with � ,. . }
<br /> . . �ryr and all wpia�etnents thereof and ad�icns thereto Me'Ghattels�.and CirarAor here6y granta Lender a sewrtry icttc�trtest in such t:hatteta fie debtor Is .`
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<br /> � ' the Grantor desaibad above. Th ts D e e d o f Trust wi0 ba eftecUve as a i�andrtg statarterA R�ed as a fixture fi6ng wiM resDeet to atl Pocnres fiduded rviWn � �� ;. .;
<br /> a d o1 said ertdses pnrluding sald B�uras?ia aihrdted- 1Ns <.�. � • .
<br /> . _ satd p�emises�d tsto M 8ted tar reaord(n the rea!este�e reootds ai each eaurny where�yrAart Pr �
<br /> . • � ' Deed ot Tnst shall afso ba eHeeave as a ftnandng smtertom mvertng e�Y affie►pr�mtsea�d rtay 6a fited in arry other appra�riate fi!(ng or recar�ng � _ < `' ..
<br /> • � ofHHoe. q e�on,pt�arta�apNc or other ce�odudtan of tNs Oeed at Trust or ot anyt ftnandng statement retatlng to this Deed of Tnut shali�suiTider»es e , -
<br /> . of ���y�;�a i.ss�r��. i�ZS�s�sl.t�!nr..�4 -=� -__
<br /> ' � � ' Hnandng st�in for arry at ths�rposes reterte�to m vas�a�apie. . 4� �.
<br /> � Rel�,exearte and deiiver such seauitY a�ertterts(as swh Uerm Is deHrted in said Unftortn Cortanerdal Cade1 as Lender at eny Urt�may deem � • c� . . .
<br /> . . neeessary cr p�pet at teq�dred to grant to Lendet a perfaGed sewriry U�terest in ths Chadteis.and upon C�arrtcrs tailure to�so.Leneter Is authorfmd io •
<br /> .. si�arry sudie�ee�nt as tho age�d ot(iramor. Grar�tor hereby aWroaims Ler�ar to fife finandng statemecrts(as sueh tam�is deNned in satd Unifim� � . . ... , <
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<br /> Commrdal Cade)wiU�tespeet to fhe Chattets.�arry tU�.withoN the c1�at�ue W C;rarttor. Grarrtor vu�.howevoc.s1 arry Ume upon�equest of Lender.
<br /> � � � d�su�ftnane3ng at�ertertts. Cirr�rtrtor w�l pay all f0ing tees for 8ie fiGng of sud�finandrt9 s�rtents and(or iho refiling m eavaAng Uie q�s.idhen � . . ' �
<br /> � ;',..r the oplrtion of Lentiet.bI►saId tinfform Cortm9rdal Code. It the Uen ot tlds Deed of Trus�be s�ea to anY��Y� ---
<br /> - in 1ha evert of arry defa�dt�mder this�eed of Tnist,aU the ri�t,tttle and Urterest of Gramor in and to a�r and ail of the C�attefs is t�reby a�igned w y �: _. . .
<br /> � � --�- Lender.togeU[er with tho benefit at arry daposits or payrt�MS rtaw or hereafter made thareot by Grantor ar tha prad�rs ar�u�ossors in ldls ot -=• _ _--.,- -
<br /> , • Grantor in ihe Praperry• .. .` '
<br /> . `' 2� R�UHSE11�R1T OF AMOUNTS EXPB�lOEQ BY LEMOER. Lender.at lender's o on.may e�end tunds(indne!'mg attomeys fees an0 legat �� . '
<br /> , � ' . e�eases)�P���Y���to 6e taken by Grarrtor or m e�cerdse arry d�rt a of Lender u�entds Dezd af Trust Upon demand C�tar _ .. s °
<br /> � shall irtma�ateiy ceU�daxsa Lender tar�1 sud�aimums expendod��Y Lender tagsthervrith irtterest theteon ffi the 6owee of ihe hf�est raLa desufbed In any `„_
<br /> � . 061igffitan ar the ht�est tete a IIaw e d b y l a w fr a m t h e d a t e o f p a y rt i e n t w U l t h e d a t e o f r e i� j t�e s s s u r t s s h a l t b e i n d u d e d tn the de6mtion of � :•n•.: .
<br /> .. . O}�g�iions herein and shali be ssuued by the bertefrdai i�rest�anted heretc� If the Oldlgatians ate�d af0er U�e hegfnning of pub�ratlon ot rtotiee ot '�u. H ` .
<br /> . .. ' sate,as harehi Esavlded.ar in the evem Lender shail.at its sole optian,pertnit t3rantor fipay atry Pari af e Ohfigatinms�er the 6e�nn(ng ot pubficatian of . . .. y
<br />" ao5ae o i s a t e.as h e r e i n P m v�d e d t h e n.G r a r rt or shali p ay on�rta�td aD e�enses irtaured bY ths Trustee sn0 iander In mrmeUian witt►satd p�Qratlon. ,-�`` '
<br /> . • indud.�g reasonable attomeys fees to fhe attomeys(orthe Trustee ar�d forihe Lender.artd a reasortalsie fee to the Tnutee.andthis�eed of Tnist s h a l!b e , ;_{:s; .}n
<br /> ` seeut(ty tor ali suct�expsnses and tees. , __
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<br /> ' ?�b APPLICA710N OF PA1fmH�lT�3.The Trustes st�all��a�Isroaeeds of�a trustee s sale first,w ihe aosts and e�enses of exereishig the power of , —___
<br /> - - �(Q�d of the s�te.indudu�g ihe paynnent of iha Trustees etua�ny t�ncurted nat to exceedihe amouM whirh may he provided for in the Deed of Trust, -
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<br /> . sacond.to PaYrr�m of the obligaUOn seaaed b111lie Dwd of'f►ust.thUO.to the payrterrt of jimior deeds af Vwh.rtnAga�es or other Itenhoiders.and ihe ---
<br /> ". tm►anca.if arry.to 4�e person or persons le�lly entitted ihereto. '
<br /> ... ?� PO1NB��ATTOHNEY. Granmr herebv aP�ints Lender as its attcmey-irt.fact to endarse Gr�tors rrama an ail�i onsh n ome���� . � ` : ;�,-=- -
<br /> ..` r(=•,,.�:� . pertatrdng to tits Old'i�tions ar Deed of Trusl. In addticn,lender shall ha emrtiad,Iwt nol recw(red.tu_perform anY
<br /> requfced to 6e t-a�aen or exeatted bY Grarrtor�mder this Oeed cf Tmst Lenders yeAom�ance fl1 such acnon ot exerinlnn ot sueh dacuments strall rtat ,�- : ��t�,
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<br /> ' � - relisve Orarttor framany Ohiigaaon or c�e�Y deta�fl under this Deed af Trust AII powera of attomey desaibed in Biis Oeed of Truwt ara coupted wi�an __ .�=.
<br /> � mtetest and are irrevocabie. ' �F�
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<br /> � 26. SUBROGATIOM OF L6NOEH. Lender shall be subragated to ihe rt�ts af the holder of any previous Uen,seeuriry interest w encumbrenee �. - -
<br /> . �sdiarged uyiq�(�mds advar�ced by lender reg�IIess of whether thess Qens,security irderasts or ather eneumbranoes hava been released of[ecord ��>y F
<br />_ . ` . - 2!.COLLEC'CiON COSTB.To the exterrtperrnt�ed by Iaw.(irarttar agrees to Lenders reasonabla tees and costs�induding,6ut not limited w.fees '' ���-:t-=.
<br /> ` � �d ccsts of attomeys ar►d other ag�nts(nf du�ng wrthaN Qr�tation parate�ydeAcs end consuftams).wheUier or not sud�altomey or agent is an ":,�`��•".��.�;,;-
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<br /> � employee of 18nder.which are incutred by Lender in ca�lecdn9 ar►Y a►►nurA dua or entorcfng arry d�t or remedy►�mdet this Deed of Trusl,wha�ier or not ,:�_;,
<br /> < suit is�ou�t,irtdudtng,bui nat Umited to.all fees andoosts fnarred on appeal,tn�nia��tey,and r pnst-jud�nerA coltection a�tions. -. _____.
<br /> ''� ' . 28� PAHTIAL RELEASE Lendar may reiease its hiterest tn aportion ot the Praperhr by exeaihng and reoor�ng one or more Parttai Oeeds of , •��� -
<br /> . Repomreyanoe without affaeting Qs irttarest in 1he remaintng poAtan otthe Proper�l. Nothing herefn shall be deemed to ohligate Lender to release ar►y of(fs
<br /> � I M e re s t i n t h e P r ope rt y(a x e e P l a s�e q utred under P�38 ar as may be olhetwise ree�ulred by law),nor shaU Lemfar ba oE►igated to release any parl ,R-°
<br /> t of the Properiy if Qrantar is in detautl under thia Deed ot tusl. The nen and seartiri in[erest eraated bY 1he Deed oi T r u s l r e m a l n i n e ft e e t w i t h respect t o • _;= .
<br /> � that poNon ot tha properry.as daftned in the Oeed ot Tnist,ihat Is nm the subjeq ot this ar arry PaAial Deed of Rewnveyanee � � �.-.
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<br /> � MODlF[CA7[ON AND WAtVEEI. The rtndtieation or walver ot er►y of aranto�s OEligations or LenQers ri�ts under ihis Deed ot Trust rtust 6e ', . . °'
<br /> eontained in a wmNg si�ed by Lender. Len�►may perfortn anY of BoROwefs or�rdntofs 06UgaUons,Qatay ar fait to exerdse any ot its d�ts oraecep! �:_�:
<br /> payrterrts from Grantor or enyona other ihan tirantor withoul eausing a wah�er ollhose 061fgatians or A walver on ona oeeasion shall not oonstituie ;_�
<br /> a wa(var on any o4ier aa�s(on. t3rantoYa Cbtl�ttons unQer ihis Oeed of Tnut sh�l crot be afteaed if nder emends,cor�romlse�exd�anq�taas to :.;:-___-_
<br /> � exereise,Ir�alrs or releases eny ot the Obiigat orts belonging to any Qrarttor.Borrower or thlydpatty or any of fts ds�Ms againn erry Grantor.6oR°wer or . . :.,�..;,--
<br /> ` � i hi r d p a r t y or an y o l l he P r a p e r l y. L e r.d e r a f a i l u r e t o i n s i s t u p o n s M c l p e A a rt re n e e o t a n y o t i h e O b l i g a Uons shall not�e deerted a waiver and Lsnder shall • .�. '� �,�;.•:`
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<br /> - havo the�i�t at any ttrre thereaReno insist upon s t r iq pe r f omtanee. . ' •.,,w..,
<br /> • SQ SU88'IfTUTE TRUg7EE;TRUSTEE L1A811lT1f;COMPENSATION. tn case af the death.inahitiry.retusal to set or absence of tho Trustae trom the �• ' :. '"�:.,�;.
<br /> atate where the teal pmperry is located or in ease the hotder af ihe Obilpations sfiall desire for arry reason to rerta�e the Tnistee or arry su�m� ��ti e$ ,;?�.��=
<br /> �� `. , tr�stee hereundet and to appotrn a nsw trustes tn hls plaoe and staa�,the hotder ot ths Obitgalions is hereby ganted fiill powet ta ng � • • _
<br /> � ` ` substlNte ttustee far sald Trustee.and the substitute trustea shall,whenappoirrted.becnrrre sueoessor to a0 Hghts ot Trustee hereunder and the a�ma shall , -
<br /> _ � . � t 6eoorro vested in him for the purposes and obJeGs ot this Deed ot Trust vitth all the power,dintes and obligations herein oorAerted on the Trustee. Trustea ��.
<br /> i shatl not be tiabfe tor arry ertor of Iud�rerA or aa Qone by T►ustee,or be otherwTse responsmie or aaoumabte unQer arry cirairtLStances whatsaeve►• ' �'
<br /> ' ' � Tnistee shall not ba personally tlable(n ease of er�0y by 11 or arryona aaing by virtue oi the powars herein�anted it upon 1he Oeed ol Trust for debts , ••.-��
<br /> oormacted or Nabll i ry or dar�+�s(named in the mana merrt or apermion ot seid prertdses. Trustee shall have the tl�t to�ety on eny Inswment. � .
<br /> •� , ;.� dcartiem or sf�ature autho r f z i ng or suppo Nng any a e t�n t a N e n o r propa s e d t o b a t a k e n b y h h e r e u n d e r o r b e l i e v e d b y�t i n aaod f a i l h to he genuine.
<br /> ,� , ��� Trustee shaR Oe errtitted to reinbursemem foi expenses inarred by i�in the perbm�anee of fts dW�hareundss and to reasonahTe eompensation for suet� _
<br /> pt its servlees hereunder as shatl be rendered. Gramor wi�l,from Urre to Urre,pay eompensation due Trustee hereunder and retm�surse Trustee tor mnd
<br /> � •1 save and hoid it harmtess from and against arry end atl ioss,oost.�iahiliry,damaga and expense whatsnever tnwrted by it in the portormance of tls duUes.
<br /> ' � � Ail moneys reeetved by Trustee stiali.umU used or appiled as herein provlded,be heid In trust br thepu rposes for vfitch they were rea9lved.6u1 need not ` �
<br /> - • . � r�no yse�'n�iedby A hereunde►•m any other moneys(except to the extem required by law)and Trustee shall be under no liatiflity for Irrterest on arry ' ��T, _ ,� . �
<br /> ��� � , suoeesusors.a�ssign struNaees,r�eto�eiNve�a�rinsiratorsTpersonal r Weserrtative��e�tees and dav�seea.nefit of Qrantor and Lender and thetr respective • . •
<br />. : . - I � , - . -.hi;
<br /> ,;,-t 3Z, Np7ICEg. Exoept as otherwlsa requlred by law,any notice ar other comrtuNeatlon to be provided under this Deed of Trust shatl tre in wrtUng and sem i
<br /> , ' to the paAles at the addresses desaibed in this Oeed ot Trust or such other address as ihe parUes may desi�ate in writing hom time to time. My such
<br /> - . f notlee so given and sem by flrst class mail,postage prepaid,shall be deemed ghren 1he eadier ot ihree(3)days after such notiee Is sem or+Mian received
<br /> � by the person to whom sueh noUae is being ghren.
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<br /> � 33. 8EVERABIUTY. Whenever possible.oach provision ollhis Oeed o1 Trust shall be IMerpreted so as to 6e eftectfve and valid under appiicabie state
<br /> taw. II any provlslon ot ihls�eed o1 Trust vlotates the taw or is unentoroaahte,ihe rest of the Deed o}Trust shall cantinue to be vaiid and enforaeable.
<br /> � 34. APPL[CABLE LAW. This Deod ot Trust shall 6e govamed by tho laws af the stato wharo tho real proporty is loeated. Unless appiieabto law provides
<br /> } othenxise.drantor consants to ihe jurlsdiction and vonuo ot any coun seleeted by lendor,In its sole diJcrellon,toeatod In ihat state.
<br /> � 39, MISCEl.LANEOU9. tirantor and Lender agree that Uma is of tha essence. Grarrtor walves presemmem,demand tor paymem,noUce of�shonor and , ,
<br /> • � pmtest exeept as roquired by law.All referonces to tirarrtor in thfs Oeed of Trust shaU indude allpersons si�ing below. It there Is rrmrathan orte Cirarrtor,
<br /> ' , � iheir Obligat(ons shatl ba iotm and several. This Deed of Trust represQrrta the cort�tete Imegrated understand�ng b�twoen Carantar and Lendor peAaiNng to
<br /> � the tertrm and eondtions fisreot. .
<br /> : ' � ' ., � 3B. NO THiRO PAHT11 RIflHT9. No pnrson is or shall be a third party beneticiary of any orovislon af this Deed of Tnist. Ati provisions ot this Oeed of . �.
<br /> Trust in favor of Lender are Imended sotety for the banefit ot Lender,and no ihlyd party shalf 6e entitled to assume or expect that Lender will not walve or
<br />- � eonsent to the modifleaUon ol any provislon ot this Deed ol Tnist.in Londars sots d�saetion. . . .
<br /> .' 37. PBESEHVAiiON OF LtA81ltT11 AND PBIOAITII. Withoul affeeting the liability of Borrower,Grantor,or any guararttor ot tho Ob1igations,or any other
<br /> petson(oxcept a person exprossty reteasod in wriUnp)tor the payment andperformanoe of lhe ObllaaUons,and without aHectirtg the riehts ot Lender with
<br />- tespocl to any Properry not express1y teleased In wntfng,and wiihoN impaldng in any way ihe priority ol this Oeed o1 Trust ovor the intorost ol any perscn �
<br /> aoquired or flrst evidoncod by recordfng subsequent to the racor�ng of this Oeed of Trust.Lsr.der may,either betore or after the maturity ol the Obligations, , ..
<br /> • " and wflhouf notica or oonsent:release any person Ilabte tor paymem or peAormanca ot all or any part ol tha Obligations;make any agreemeM aiteHng the �_ . .
<br /> . tertns o}payrraM orpaAormance o1 ali or 2ny part ol the Oht�gatians;oxerGse or refrain hom exoretsing or wave arry rir.fM or remody thal Lander may F�ave
<br /> undar 1he Dsed of Trust:aceept additianal sewrity ot any Wnd tor any of tho Obligations:or reiease or otherw�se dea�with any real or personal property ; .
<br /> , , --.., -- i�i�g�8�r�s�g iyr�c:���V�ierepf.�toi hae+ia cons�amsd�oval�or�any such acuons�bv Ls�nder.ture in iha Property shall be deerrted,by acquiring sucfi ----- - _
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