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<br /> ' � �{ 8�den�asf Payme��°��4�of le deG raMat sh�I d P�viU�lander�each mor�itA on�-tvrefflh(�%Z)of U�e�estimated ann�U . .. " <
<br /> . insWance Vremtum,texe9 and essessmerttapeRaining to the Propa��e�e�eM a a ta ii i�ee�`s'sn n e►a�tde righ�tffi sat�s op�on,toeapp�e �.< � ` . .
<br /> . � ot Qaxea assessmerns end insurence as re4uired on t�e ProP�nlf• • t.. , .,.. .
<br /> * funda so held to pay any taxes or against the ObLgationa Any tunds app0ed may,at Lender's optlan.�e eppHed in reverse order of the due dste °': �
<br /> .l � '� thmeo}. g PB �; .
<br /> ` , • ._{ t6. INSPCC710t�1 OF PROPEEiTY,BbOKS.HECORDS AND REPOAiS. Gremo�shell e1�ow Lender ar it�a eMs to exemine and(ns ct the r` _ .
<br /> i Propert1►ead exam(ne.inspect and mafca copfiea of ses. All ot ths gnatu�as andeirrtom�afion con�ined in(irantoPe bnoks a�nd recarda st�l be� •<.. ..
<br /> . . ` gpy essista►tcg requl[ed hy LeAder tor these purpo . �
<br /> � genuina.tus.acr,urate aE►d aompiete in ail cespeets. Orantor shal rtote ffia exismncs ol Lender'e beneftefei interest in ita booka end recards O v .
<br /> ' � ..�� pertainisg to tAe ProAettf►. Additlanally.Orantor shall repoR.in a torm ea�stactory to Leadar.such t�ormediort as Lender may�e4uast regardin�: ` ` .'.
<br /> 6rantoPa finencial condition or the Pmperty. The tntortnaUon sha11 be tor such pertods.shall teflect GraMor's recotds et suct►time'end sha110
<br /> ; ` i rendered with sueh irequertcf►es Lender may designffie. IUI intormaUon fumished by GreMor to Lender shAl1 be true.acauaUa end comptete(n all�r ` `
<br /> • � raspetxa.and eigned by GrarROr H Landar re4uesL9.
<br /> y _ -� S7. ��Ppa,C�pT�aCpTEg, W�thin ton I10)days afte►any request by tender.Qranwr shall dativerto Lender.or any intended Vansteree .- - `
<br /> ,_,,_ � LendePs dghta with resPect to t�e Obiigations.a s(gnsd and acknowiedgad statement apecitying(a)the outstanding bafance an the Obfigffitons:end
<br /> . , � lb)whether t 3 r a n t o r Possesse s a n y N a i m s.d s l a r�o s.s e t�o H s o r w w�t e r c l a i m s w f t h��0 4hat Isndeaqmay m a ke to t he i n t e��ered V a n s f e r e a w t t h� ` '`
<br /> t �����{y or couMe�clalms. (3rantor will bo canclusivety bound b y en�►re p [
<br /> ,� 1 respect to these matters In the evert that Grantor taits to p[ovide the requested statement tn attmoly manner. t. ,�� ' '�'�"�
<br /> • j �8,EVEtiYS pp pEFplJLT.M Event of DefauR shafl oaur under tliis Oaed of Trust and the Trustea's potver shall become operaUve tn the everrt that
<br /> � �� Grarrtor.Botrower or any guatantor W the Obiigations: . ' �.'-_� ;
<br /> (a) }yps to pay any ObUgatian ta Lendar when due:
<br /> . j (b) taiis to perfortn any Obligation or breachss anY warrantll or covenant to Lender contained fn this Oeed of Trust or sny ather Pcesent or tuwre
<br /> 1 agreamer� '
<br />_ � 1 (c) destroys.Icses or damages the Property in any materiai respect or subjecb the PropeRy to seiwre.confiseation,or condemnation; ' �
<br /> ' • ' .� (d) seeka to revoke.terminate or othervuise limit ita 8ability under any guaranry to Lender: ' ; ; . ':.;.
<br /> (e) dlas,hecomes fegalty incompetent,(s dissotved or tertninafed.becomea insolveift,mafces en esa�gnment for tho benefite i �Grar�t�►. � ,�.,.�--
<br /> pay debfs as theY become due,files a peGtion under ths federaf bankrupt�y taws,has an imro[untary petitlon in bantauptcY ,. �� .�:"'•`:. .
<br /> taken ander an writ or roeess of cou� . `
<br /> ' gorrower ar arry guararttor is named.or has property Y P ,
<br />__ • .._ - (� atiows gooda to ba used,transparted or stored on the Property.ffie possession,Vansporffition.ot use ot which.is Eltegal; -��.'�. "�,
<br /> �� ��ows any party otryer fhan Grentor or Borcowar to essume or undertake arry Obtiga4on wWiout the wr[tten canser►t of Lender,or �
<br /> (h) causea Lender to deem itseif insecure due w a sign'rflcant decttna in the vatus of the PropeRY,or ft Lender,in goad fafth,for arty►reason. ��, ,__
<br /> � bet2eues that the prospect of Payment or partormance is impaired. , '' �'�• T
<br /> �' < u••.. �;�.
<br /> � 19,p[GHiS OF LEN�ER OH EYENT OP OEFAULT. Upon the occurtence ot an EveM of Aetauft under tNe Dead of Trust,Lender shall6e entiUed to , �
<br />_ . a�cecdse one or more ot tha toltowing remedies without notice ar demand(exeept as requtred by taw): r<: :. 'i f;::_;.
<br /> � . (a) w ctectare the Obfigationa immediatety due�d payable In tull,suc�h acwieration shail Os eutomatla and lmmedtate it the EvaM of De1autt is - _i; ��-
<br />- • afi8ng nnderthe BankmptcyCode; _-.},--.--.�'��!#�;�.
<br /> �a�
<br /> (b)to caUed the ouVttanding Obligatlons with or without resordng tu judicial process: • *�.T
<br /> . ; (o)to requUe(irer►tor to deliver and make available to Lsnder any peBanal property or Chattela cons8w8ng tha Property at a place reasonab►Y �L�.$r
<br /> ' cornenietntoGrantorandlendsr y
<br /> .4 (d)to eMer upon and take Possession ot the PropeRy without apptying for or obfaining the appointmeM ot a rece[ver end,at�tln�d�err'�e c��ning , � ` _.
<br /> - . . , appoiM a rece(ver wfthout bond withaut flrst brfngin8 svit on the Obtlgatlons and without mhecwise meetln8�!I��011► ... . ��..��!.',.,
<br /> � . . recehrere,it befng icrtended ifist Lender shail have this contractual dght to appoirn a re�iver, �,�;t:
<br /> ' • .. (e) to emptoy a managing ageM of the Propecty end let the same,either in Trustee's ovm name,in the nama of Lender or in the name of a. �,,��?�-:
<br />'� . � . � C�uantor.and reeeive the rerna,(ncomea,Issues and profits af tha Proparty and appty the same.after payment art atl necessary char9ea end ' .:;:�"�4bi,
<br /> z expenses,on accourrt of the Ob1lgaUona; �"F�
<br /> .. (f}tp pgy any guma ip any fortn oc manner deemed expediaM by Lendet to pratect the security of iNs Oeed of 7rust or to cure aey detauit other , j;:-�:s+�-.;
<br /> �� tAan paymern of(rnecest or prindpal on the Ohiigmtona; .(�'.�:` ,
<br /> , .;� (g)to torectase thia Qeed ot Tn,st judiciatry ar nonjudidalty and w direct the sale of tha propaRy fhrough exercisa of tha power ot safe as . , �.jjr��
<br /> � refarenca0 in paragraph 2a herein,in eaardence witA ePplicabie taw,
<br /> (h)to set�otf Cirantnr'a Obiigattons against any amounts awed Qrantor hy lsnder induding,but not limited to,monies,instruments,and deposR � � ;.�-;,,
<br /> ' , �t asxour►ts mairtalned witl�Lender or eny cuReMiy existing or iuture affiliata of Lender,and . -: ';�`:
<br /> { `-..r
<br /> p)to exen�se a11 other rlgMs ava(tabte to Lender under any other vvrhten agreement or appltcable law. '�,;
<br /> Lender's dghts are oumulative and may be exe�cised wgetlier,separatety,anA in any order. m the event that Lender Institutes an acUon aeaking . -:�_
<br /> tha recovery of any of the Proparty by way of a preJudgment remeey in an acdon agatnst(irantor,t�antor waWes the posting of any bond wt�tah . -,r,.'
<br /> an o
<br /> - ` m(ght othenvise be requira d. L en der ar L an der's desi gnee ma y purchesa the PropeRy at any sate. Proceeds af arry Truatee's sate hereunder . :; , .,
<br /> � � shall be appiied flrst,to tha costs an0 expenses of exercieing t�e power of sal�s and ot the sate,inciuding fhe paymerte of the Trustee's feea ;�,:r_
<br /> acwaity tncurred and not to exceed the amount which may be provided for in this�eed of Trust.second,to paymeM ot the Obtiga8ona aecured . . �;;`"`.'-.
<br /> � hereby.third,to tha payment ot juNor Vust daeds.martgages,or othar tienholdera,and the balance.H any�to the person or persona(egalty _�; ,
<br /> emiUed thareto. The Ptoperty or arry pett thareof may Ee Sotd in ona parcel,or in such pacceis,manner or order as Lendar in its sota discretlon ',.��
<br /> � t may etect,and one or mare exercises o!tha power herein granted shatl not sxtlnguiah or exhaust 1he power unless tAe enUre PropeRy ia so10 or , __
<br /> the obligations are patd in tull. ' .;��''�
<br /> Zp,TEfUSTEFB E�RCISS OF POWER OF SALE ON DEFAULT. Upan defauft Oy Borrower inpayment ot any Obifgaflons aecured hereby,lender �• 4��.
<br /> � � may dedare all sume,secured hereby,immediatety dua and payabte an0 ahall oaus9 to be flted M record a w[itten notico of defauit and elecUan to ..
<br /> � seil the PropeRy. Attet the lapsa ot such tlme as then may be required by Iaw tollowin8 reccrAatlon of such no8ce oi daiauit and notieo af eala � .,.�, .�.,
<br /> � • nasu h ard0aas it or Lender�ay detetmine,at pubi�c aucU n to the highestr�d erelTruatee m y poestpo e the sate of atl or a�f►y portton�M tt�e � �• r.
<br /> PropeAy by pubtla annauncement at Ma Ume and placa of sa18,end irom time to time thereaf0er may postpona the sate by pu6Ga ennauncemeM at .:.
<br /> t�e Ume and plars fixed by the preceding postponement Trustee ahail deiiver ta sucA purchaser its deed wnveying the property,or�ortlon fhereot.
<br /> ��• , so satd,�e��in8s�s the eot My perso^i duding tirantori T atee or L.ender,may pur has at uch eale.!tacl or otherwise,shall b0 conctustve �
<br /> . proof of
<br /> 21. REQUE9T FOA NOTtCE9. arantor requests that a copy of any noUce of detault and a copy ot any noUca af sale hereunder be ma118d to each ,
<br /> � peraon who is e party herato,at the address of such person set fortb herein at the same Ums and in the eama manrrer required as though a separate
<br /> requestthereof had been flTed by each such peraon. •
<br /> �. SECURIIV IlNTEBEST UNDEN TME UNifOAM COAAMERCIAL CODE This Ooed af Ttuat shall be wnsidered e financin sfatement end a • .
<br /> �� flxture 4ting pursuant to the proviatons of the Unifocm Commerciai Code(as adopted In the atate where the Property Is located�cauering fluturea,
<br />_= • chattels,and arUdas o!parsanal property now owned or hereaflar attached to or to be used in conne.-tion wlth the Property together with any and ail : .
<br /> � , replacements thereof and addRionethereto(the'Chattels").and drantor hereby granta I.ender a secur�interest In auch Chattel�. Tho dobiot is tho . ; . �-
<br /> drantor doscflbed above. The seeured party Is the Lsnder described above. lJpon demand.Qrentor shall make,execute and deiiver auch security
<br /> agreemente(as such term is deHned in said UnNorm Commerciel Cade)as Lender at any tlme may deem necessary or proper or required to grant to
<br /> � Lender a per�ected sewrity interast In the Chattels.and upon tirentor's tailure to do so.Lender ia authodzed to sign any such agreement as the egent
<br /> ot tirantnr. �rantor hereby sulhorises Lender to file finaneing statements(as such tertn 1s defined in seld Unitorm Commorolal Code)with tespeet to
<br /> � � � the Chatteta,at eny Ume,wlthout the signaturo of t3rantor. Orantor will,however,at any time upon request of Lender,slgn such flnancing statamants. ,
<br /> (3rantor will pay atl tiling fees for the fliing of such flnancing atetements and for the reftiing thereot at the Umes required,in the apinion of Lender,by
<br /> satd Unitorm Commerclal Cade. H the Ilen o!thla�eed of TNSt Is aubjecf to any seeurity agreement oovering tho Cfiattels,then in the eveM of any ..
<br /> dofault under this Qeed of Trust.all tha rlght,tlUe and interest of Orantar In and to any end alf ot the Chatteta Is horoby asslgned to lendet,together
<br /> vdtl�the boneflt of any Qeposits or payments now or hereatter made thereof by Grantor or the prodeoessora or suocessars in titio of t3rantor in the . • ,
<br /> Properry. - . .
<br /> 23. REIMBUi1SEMHNT OF AMOUNTS IXPENOED BY LENDER. lsnder,at Lender's opUon,may expend tunds(incfuding attorneys'tees and lagal
<br /> expenses)to pertorm any aet requlred to be taken by(irantor or to oxerciso any rigM or remedy of LenQer under this Oeed r,!Trust Upon demand, •
<br /> prantor si�all immediatety retmburse Lender for ail sucA amounts expended by Lender together with IMarest thereon at the lawer of ihe highest rate
<br /> described in any ObilgaUon or the highest rate atiowed by tew from th0 date of payment unGl the date of celmbursement. Those suma shall 6e
<br /> � ' includod in the delin�ion of Ob1lgaUons hareln and ahail be secured by the benefieial Interest grented hereln. H tha Obligations sre patd atter the � .
<br /> heginning o}pu biicadon of notice of sats,ea heretn prwided,or in the evant Lender ahall,at ils sole option,permit Cirantor to pay any parf of the
<br /> •'i ObtigaUons after tho beginntng o1 pubUcatlon of notice of sate,as hereln provided.then.Granlor shall pay on demand eil exponsea Incurred by the �
<br /> " Trustee antl Lendor In connecUo�vdth said pubiication.including reasonable attorneys'teos to the attorneys for th9 Trustee and 1or the Lender,and a
<br /> � roasonabte fee to the Trustee.and this Oeed of Trust shall be seeurity for ail such expenses and tees. ` �
<br /> � 24. APPLtCATtOH OF PAYA�EI�iT9. Ail payments made by or on behait ot Grantor may be apptied against the amounts pald by Lendsr(Inc►uding I �
<br /> attorneys'toes and IogN expenses)in eonnoctlon v�ith the exereise M its rigMs or remedies described!n this Oaed of Trust an�then to the payment f .
<br /> of the remalning Obligallona in whatever order Lender chaoses. � •
<br /> � 29. POWER OF ATTOA[�1EY. Grantor herehy appoints Lender as its attorneydn-tact to endorse Orantor's name on all Instrumants and other
<br /> documents pertalning to the Obligations or Ooed of Trust. in addiLan.Lender shall be entitled,but not requlred,to pertorm any acUon or ex8cute eny _
<br /> • document required to be taken or oxecuted by Grarrtor under this Oeed of Trust. Lentler's performance ot sueh aetion or exacutian o}such !
<br /> documenl9 Shail not relieve Grantor from any Obllgation or cure any detauit under this Deed o1 Trust. NI powers ot attorney described in this�eed of �
<br /> Trust ete coupled wNh an interest end are Irrovocabte.
<br /> � 2B. SUBHOQATIOH OF LENDEH. Lenaer sna��bo sunrogaced To the nghts of tna i�olQer ol any prsvsaus uars.s^eurilyr isKsre�ar eneumDrenoe � _. .. .___ ._... .__
<br /> . dlscharged with funds advanced by Lentler regartlless of wheMOr Yhese liens.security Interests or otAer oncumbrances have been relo� t ra�.� . ,
<br /> '��• ieNES+�G e Gp•mAt�onTechno�oge7.�ncitt 9�961 :BfiQ�9]�]�99 PAGPJ01$ '
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