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�—-_--_ � . .. T . -_-_ -- �:.�- -� . - '4 �.,� ��o ��'� ' o R ' ' _� �_ ((Sj ui dtitOi i�Sb 1i 18 figiii m u Yd v{ily 54'Zi1CiZo.'�:6 0..."'�'....S:II.�.C:.'� •�O.. w.� ..w� � _ . . . .-. -' - .. ='! E`-�_ , �xrtc:r.::_^frlig�or.s:�r.da...,.�ct T.;:st ar:d thaaa acCans da rai acsd o,�lt � •f not conflict vrkh the provisions of 8rry statute,regulation,ordinanca,rute of law,contract or other agreement which may bs binding on Grentorpt � "` - , anytlme: ` ' . (e; Na acdon or proeaeding is or ahell be ponding or threataned which migM materially aHeet the Property:and �;�' (fl Grantor has not violated end shall not vfolate any sffitute,regulaUon,ordinanCe,ruio of law,eantraa or other agreement which might materialfy ' aftect the PropeRy(inciuding,but not limited to,those goveming Nazerdous Materlats)or Leader's rigMs or interest in the Fropertyr pursuant to ' ' _ . this Qeed of TNUt . ��- � 3. PRlOA DEEDS GF 7WUSY. Grentor reprecents and werrants that thero are no prior deods of trust aNecting any part of the Property except as set . r torth on Sshedute B aZtnched tc thia Deed o}Trust which 6rantor aarees to pay and psdorm in a timely manner. If there�e any prior Caeda of trust �:`— • then(3rantor aprees to pay ati amounts owad,and ReAOrtn all obBgaUOn9 raqulred.under euch deeQS of trust and the inGebteEness secure0 thRreby end turther agrees that a default untler any prior deed of Vust shall De s detault under thia Deed of Yrust and sAat�entiUe Lender to ali rights and ' remadies eontained hereln or in the ObliQations to whiCh Lender v�ouid bo ontiHod in tho ownt ot any other default. � ° 4. TAAN�fFAS OF THE PROPFRYY OA BENEFICIAL itiTERE3TS IH GRAPITOA8 OR BOAROVJE6i8. In tho ovent ot n�aie,eoneeyanco.Iease. ' '�� conVaet for dead ar uanater ta any pereon of el!or any part of the real property dessribed m Schedule A or any Interest there�n,or of all or any . ' toneticial interost fn BorcCwer or firantor(if Bortower or Grantor Is not e natural p9rson or persons but�s a eorporabon.limited tiabdity company, -`s partnership.trust.or other legal entity�.LSnder may.et its option declare tha oulstsnding�uincipal tral�nco of ttw Qbligatiar�a plus ueaucd ir�icro� � . : fheroon immediately due and payabte. At Lender's request.(irantor or Borrowar,an ttie case may be,shalt tumish a comptoto awiement setting farth � � - all of its stocklioldera,membera or partnara.as appropriate,and tha extent of their respactive ownership interests � ' 5. ASSIGNMEHT OF REt�1T8. In eonsideration of tho Obiigations.which ara secured by this Deed of Trust,Grantor ebsotuteiy assigne to lsntler alt . C3rantors es4ate.dpM.UUe.intereat Ualm and demantl now owned or hereafter acquired in atl existing and future leases of the Property(nciuding : �- extensions,cenawals end subleases),all agreements for use and occupanty of the Property(ali such Ieases and agreements whether written or oral, � : are hereatter reterred to as the'Leases').and all gueranties of tessees'pertormanee under the Leases.togethor vrith the immediate and corttinuing � - � � . rigM to collect and recarfe all of the rents,income.receipts,revanues.issues,profits and other incoms of any nature now or hereafter due(ndudirtg any income of any nature coming dua during any redemption period)under the Leases or from or arising out of the Property including minimum =.. rents, adtlitional rents. percantage rents,park(ng or common area maintenance eonuibutions, tax and insurance corttributlons,deflciency renta. . .' u �� Iiquidated damages foilo�ving default in any Loase,a(I pro�aeds payabie under eny policy of insurance eovering loss of rents resuiting from -' unte�antability wused 6y destrucUon or damage to the Property,all proeeeds payable as a rosult of a lessee's exercise of an option to purehase the � � Property all proceeda deri�red from the termination ar reJecUon of any lease in a bankruptcy or other insafvency proceeding,and ail proceeds irom � , .� ,�; any rlgMs and cisims of any kind wh(ch Grantor may haae agafnst any Iessee under the Lasases or any oecupaMS of the Proparty(atl ot the above are , � • ; hareafter collecthrety retarred to as the'Rents'). This assignmertt Is subjeei to the righ�power and authority givan to tha Lender to eolleet and appiy � � � • the Rertts. This assignment is rocorded in axordance with eppNCable state iaw:t118 lien created by thts assignmeM ia(ntended to be specffic. ' � ,.;4�'� � perfected,and choate upon the recording of this Deed of Trust,all as provided by applicable stale law as amended from time to tFme. As long as <� ' tharo is no defautt under the ObligaUOns or this Oeed of Trust,Lender grants f3rarnor a revocable license to coilect all Rer►ts from the Leases whan � " • � �i�"' '� due and to use suefi proceeds in Orantor's business operationa However,Lender may at any time require Grar►tor to deposit alt ReMS into an i • . 'r- o; - accaur�t malntained by(3raMOr or Lender at Lender's Institution. Upon defauft in the paymeM of,or in the pertormance of,any of the�biigations, j .. � � Lender may at its option take possession of the Property and hava,hold,manage,lease and oparate tha Praperty on terms and for a perlad of Ume . _ �; - that Lendar deems proper. Lender may proceed to collect and receive all Rents,irom the pmperty,and Lender shail have full power to pa�(odicaliy • � — make alteraUons,renavationa, repaira or replacements to the Fropertyr as Lender may deem proper. Lender may apply ali Rents in Lender's sats : � ,� .,_��,�_:. , disaetion,to paymertt of the Obligation or to the payment of the cost of such aiterations,renovations,repairs and repiaceme�and eny expenses j � incident to taking and retaining possession of tfie Proparty and the management and operation of the Progarty. Lendar may keep the Property - "� '<<- , pmperty insured and may discharge any taxes,charges,daims,assessmeMS and other liena which may aecroe. The expense and cost of these � " � . r3 acdons may be paid Nom the Rants received,and any unpaid amourria shali b��ddad to tha pdnctpal of tha Obtigations. These emaunts,together : �••'�..'�! — � wfth other eosts,shall beeome part otthe Obligatlons secuted by this Qeed ot I rust � . `.•�;.:.:�t . — & LEASES AND OTHER A�7tEEMEPiT& Gra.ntnr shaii not take ar tail to take any action which may cause or pertnit the tertnination or the � ' � � .,� ! wfthholding of any payment in connecdon with any Lease perta(Nng to the Property. In addition,OraMOr,without Lender's priartivritton conseM,shafl � ; � " ' naC (a)collect any monies payable under any Lease more than one month in sdvance; (b)modHy any Lease; (c)asstgn or allow a Iien,security � ' ` , interost or other encumbranoe to be placed upon Grantor's righta,title and interest in and to eny Lease or the amounta payabte thereunder,or(d) :a:;:;;;_� � •, , tarminate or cancel any Lease exCept for the nonpayment of any sum or other material breach by the odter party thereto. ff 6rantor recaives at any .�;;?�;�_:d� ,: . Ume any�vritten communication asserting a defauR by Grantor under a Lease or purporting to tertninate or cancei any Lease.O�antor shali promptty ,. ''. �, :, :H forvvard a copy of such communtcation(and any subsequent wmmuNcaUons relating thereto)to lendor. All eueh Leases and the amourna due to � , GranWrthereunder are here6y assigned to Lsnder as addfional security for the Obtigatlons. . .' �°- '�; ! 7. COLLECTIOH OF INDEBTiEDNE8S FROM THIRD PAR?Y. Lender ahall be entitled to notity or require GraMor to notNy anythird party pncluding, • � � �,:' ' but not limited to,lessees,Gcensees,govemmental authorities end insu►ance campanies)to pay lender any indebtedness or obligadon owing to • ' � °t Oraniar with respect w the Property(cumulativeiy°indebtedness")whethor or not a detautt oxfsts under ffiis Deed ot Trust. Grantor ahafl diligenUy • "'yi . ..�` collect fie(ndeb2edness owing to Grarttor fram the3e third pardes until the givfng of such notiftcaHon. In the event that Qrar►tor possessee ar roceives possession of any InstrumeMS or other remittances with respect to the Indebtedness fotlowing the giving of auch notiHcation or M the insVumer�s or .. ;�,[ „,.�_ ather remitfances consUtute the prepayment of any Indebtedness or the paymeM of any insurance or condemnation proceeds,Cirantor shail hold ` ---•- • ' su c h instruments an d other ra:nittances in trust for Lender apart trom Its other property,endorse the instrumertts and other remitffinces to Lender, �i�+''�"'�_- . and immsdiatety provide LenC�r with possassion of the instrumenb end other remittances. Lender shall be eniiUed,but not cequired,to eoliect(by ; '� � . tegal procaadings or othervuisa�,extend the Ume tor paymant,comprom(se,exchange or releass any obiigor or collateral.or a�erw(se setUe any of : �x�:: •�:':=-:� the Indebtedness whether or nat an event of dafauit extsts under thts l�qreemsnt Lender shall not be iiable ta prantot for any action.erro�,misfake, � ; ��,- • omission or detay pertalning to the actlons Crcribed in this paragraph or any damages resulUng thereNom. Notw(thstanding the toregoing,nothing - - herein shali uv:se Lender to be deemed a mo�gagee-In-possesslon. ' • ::�•. _— ` 9. USE AHD M/UP,ITENANCE OF PROPERTY. Grantor shall take ail seUons and make any repairs needed to meintai�the Properry in good • � ,i,.r.;,i;� , condWon. G�antor shall not wmmit or permit any waste ta be commitied with respect to Lha Property GraMor shall w.tha Property solely In <-`r ,��:;,;��`, _- eompliance with applicable I�ar and insuranca pal�cies. Gra-ar shall not make any alteratia:u,addilions or improvementa to the Property without I ;i Lender's pdor wririen conser �Ythout BmiUng the forega-a,all alteraflons,addiUona and improvemenm made to the Proparty shaU be subject to :.: .�:`:.�. the berseflclal interast belong.^.g to Lender,shall not be removed without lander's prior written consent,and s"�11 be made at Grar�tor's sote expanse. ��' ;,�-`°S"'•. °_ 9. LOSS�A CAMA{iE. GreMOr shall bear the oMlre r(sk of any lass,theft,desVUCUon or damage(cumuta�aiy'Loss or Damage')to the Propetty or � ' � ` .'••'. .� any portlon thereof from any cause whatsoaver. In the event of any Loss or Oamage,Grantor shaJl,at r*.a opUon of Lender,repair the aHected � . � � PropeRy to ib prevfous condNon or pay or cause to bo paitl to Lender the deuease in the fair marketvatue of the aNeczed Praperty. _ ' 10. iHSURAHCE The Pircporty will be icept insured for ite fult insurable value(replacerneat cost)against all hazards inetuding loss or damage ' . � � '�,,, caused by ftood,earthquaca,tamado and fire,theft or other casuatty to the extent required by lender. Grantor may obfain insuranca on the Property .� ' Nom sueh campanies�s a-e acceplabte to Lender in its sole discrenon. The Insurance po�.oies ahali requiro the insurance company to provide .. ,�. , . Lsnder with at least____Q—days'written notice beforo such pollcies are al!.red or cancelted in any manner. The inaurance policies ahall neme ,' '• � � Lender as a loss payee and provide that no act or omisalon ot Grantor or any o�er person shall efteot the right of Lender to be pald the inaurance I � • proxeds pertelning to the loss or damage of the Property. In the evont Grantor fa(Is to aequire or maintain insuranca,Lender(after providing noUee • as may be required by law)may in its dlscreUon pracure appropriate insurance coverage upon the Proparty and the insurance oost shall be an � ' � � � advancs payabie and bearing irnereat as described in Paragraph 23 and secured hereby. Grantor ahall furnish Lender with evidenee of insurance � � 1ndiCating tha required coverage. Lender may act as attomeyan•tact for Grantor in making and EetUing claims under insurance policies,canceiling • ' _-- eny pollcy or endarslng Grantor's name on any tlraft or negotlabte insWment drawn by any Insurer. AII such insu�ance poticles shatl be immediately � � � assigned,ptedged and deliverod to Lender as further securlty for the ObIlgaUona. In the event of toss.Grantor ehall immedi$tely give Lender writtan notice and Lender is authorited to make proof of loss. Each Insurence company Is dlrected to make payments directty to Lender Instoad of to Lender � � • ��- 8nd t3tantor. lendsr shafi have fhs righf,at its sole opUon,to appiy such monies toward tho ObtigaUona or toward the cast of robuitdinp and . restor!ng tho PropeRy. Any amounts may at lsnder's opUon be epplied in the Invarse order of tho due dates thereof. � H. ZOHINO AND PRIVaTE COYENAHi'S. (irantor shall not iniUate or consont to any changu in the zoning provisions or pflvate covenants aNecting — _ the use ot the PropeRy with0ut Lender's pdor writt0n consent. M ptaMOr's use ot the Property ia or becomes a nonconforming use under any zoNng ' provision,(3tantar shall not cause or permit sueh use to bo disconUnued or ebandoned without the prlor written consent of Lender. Grantor wi�l �. immediatety provide Lender with written notice of any proposed Change9 to the zoning provisions or prlvate covenants aNecting the Property. . F ' t�. CONDEMNATION. Grentot shall immediatety provida Le�der with written notice of any actual or throatened condemnaUOn or eminent domain � prooeeding portalNng to the Property. Alt monios payable to(3raMOr hom sueh condemnetion or taking are horeby assigned to Lender and ehall be � �-- eppUed tiret to the payment of Lendere attorney9' tees, legal expenses and other cost9 pnciuding appttUSai tees) in connection with the . � cond�mnation or eminent domain proceedings and then,at the opUon o}Lender.to the payment of ihe Obligationa or the restoretion or repalt of ths � • �,,, � propeAy, . 13. LENDER'9 RIOIfT TO COMMEtiCE OR OEFEl�D LEOA1 t1CT10N8. arontor shall ImmoElato+y provldo Lender with written notice o!any eCtuat � or threatened ecUOn,suit,or other proceeding attecting the Property. Orentor heteby appoints Lender as its attorney�n•fact to commence,intervene • � � in,and defand such acNons,suits,or other legal proceedinge and to compromise or settte any ctalm or controversy peRalning theroto. Lender shalt ' , not bo IlaDlo to (3rtmtor fot any action.orror.mistako.omisslon or dolay portalNng to th�acdons described in th�s paragraph or any damagos .�• �� ; resulting theretrom. Nothing contalned hereln wltt prevent Lender trom tahing the action9 tlescrfbed'm thfs paragraph in ite own name. • ' _ 14. INOEMHIFtCATtON. Lander shall not assume or be respnnsible for the pertormance of any of f3rantor's obtigatlons with respect to the Property �-�-� under any clrcumstances. Grantor shell Immodiately provide lender with written noUee of am7 indemnify and hotd Lender end its sAareholdors. - ' direMOra.offlcers.emptoyea9 and agents harmless trom atl ctalms,damagos,Iiabllitios pneluding attomoys'feos and Iogal expensos},causes of actlon,actions,suits and othor logal proceedmgs (cumulativoty'Gakns') pertalning to the Property(incluclmg but not Ilmited to,those involving Hazardous Materials). Grantor,upon iho requost of Lender,shalt hire logal counse�.axoptable to Lender. to dofend Lender from sueh Claims,and � �� pay the attomoys'fee9.tegal o�cpenses and other cost9 incurted in connaction therewith. In the alternative,Londer shall bo entiUed to employ its ovm ; � legal counset to defend such Claims at t3rantor'a cost. �rantor's obligation to indemnity Lender under 4his pamgraph shall suroive tfie termination. �B�AASa�t fprad�qVt�Of thiq�gqr�pf Trqg� , . . t""` ; .2, �Q k j . �1-- IPNESIBB �FortnAl�on i��nnotog.m.�nc iB�9�981 �80L1�t 3799 Page?ot .�r� t - . . . • ___ r--�--- ^^�-7'---"'__�. . - .- . . . : _,.�.�-'—..1_._. � � . . . ' - ° - � �. � . � , " . t , ,• ' _ • • .,r'` `" —�y — —_ - t-.-r._ . . . . , ' . ..'_ . . , _ . '_ � ' . i . ' 1 . ._..., - - .. .. . . .. . . _ _ . � . _ - . . .. . •_ _ . . ' � . •:� ..