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<br /> virtue of any federal.�ate or rrwnidp�t , t .
<br /> ` �c) All apptitabfa lav�s and regutations,indu�d��9.d 6u ItG g�ws and regu�i°n re atin�ito ffne'Propesty byU S.C. Section t 21�t et seq- (and all . , . �
<br /> _ regulations pios�l�teil theteunderj and al 9 i�whh in all matenal r�pe�s.�d ail rights.litensas. . -
<br /> SerN are and shall be observed and c�� F=
<br /> authp,rity wFh jutisdction ovar ihe Property.Pre Y (ons for noneonfomring usss,and final inspection
<br /> portrvfs.and dertifieates of ocalPan�Y Undudng but not Iirtror!to zoning variances.speda!excapt rasentt ara and�.hall�obt3nod. ; ; �_�.
<br /> approvals).whother to►lporarY o�P�►�ent.whieh are material to the use and occupancY of the Property P Y . •q ,
<br /> -.,� i:
<br /> � ' •preserved and.where necossarY.rone1red: � , .
<br /> .. (d)fl�h ho troro�on ofany atuteh��lauon ordmanoe,rule of aw.conttract or othe ragreament uvh ch may�be b nding on Orantor at any time:�t � i • . ' . ,°
<br /> �con P n or threatened whieh rru�t mateAally affed the Property.and '
<br /> (o) No acllan or pmateding�s cr shall be ps d�n9 � i , ��
<br /> ' or Lender's nghts or irnerest i��the Properry Pursuam to this Deed of
<br /> � (� G�vaman nH�aza�us M erials)whi�ch mig rreterialiy a�H�ep�ihe Properry'Nle of law.amtract or other agreernent linduding.but not lirt»e to. `
<br /> those ga 9
<br /> � Trust- of the Properry except as set torth � '
<br /> � and perfortn m a timety manner. If there are any p�or deeds of uust then i
<br /> ;� 3. PRIOR DEEDS OF TRUSY. C3ramor represems and wartams that there are no priu daeds of trust affecting anY
<br /> � on Schedule B attaehed to lhis Deed of Trust.wh�Ci�t°r a�aes to paY ' .
<br /> Grarttor agreas to pay all amawits owed.and peAortn ali obligations re��red.under such dseds of trust and the indabtadnass securod thereby and funher
<br /> agrees that a defauft under any Prior de�r woun d be arrtNed in ihe event of�any ot�he def��d shall ertti�le Lender to all righis and rert�edes contained •
<br /> here�n or in the ObiigaHans to vfiich Le �
<br /> irrterest there:n,or of aii or any bensfiaal �
<br /> 4. TRANSFERS OF THE pROAERTY 0 ofBall���ot�thea real proPertY�s�xi�d i ASc�edue A.ar any tho event of a sale.comersh p st.o► � :
<br /> oonuact tor dsed or transfQr to any pe . . .
<br /> irrterest in Bortowet or�rantor(rf Bortowsr or Grantor is nat a natural person or persons but Is a corpor�tion.firtited I'�abiGCy oompanY:P�' ' .
<br /> - other legaf emilY).Lender may.at its option dedare the autstandng ptmdpal balance of the Obligaions plus aatued irrtarest t4�ereon�rtvredately�e and �
<br /> PaYahte• At Lenders re�est.Grantor or Borrovier.as the��y irrterests fum(sh a oomplete statemetrt setting forth all of its stoctdiolders.merrt�ers.o* .
<br /> ��.y;approprlste•and the e�aertt ot their respaetiv P . . . ,
<br /> this Deed of Trust.Gramo��bs���e�Y�S�9�s to Lertder all
<br /> ' 5. A38IGNMENT OF REN7S- �n consideration of Ihe Obligations,which are sewred by `
<br /> Grarrtors estate. right.titla.irtterest. daim and demand naw owned or hereaft 8 P��pe��(�I su'ch leases and a�I�ses�etl�erPwritten or oral.are9 ,
<br /> extensions.renewals and su6leases},all agraemerrts for use and oaupanay ����of
<br /> f hereafter reterred to as the'Leases�.and alt guaranties of lessees'Perfortre��e under the Lease�,together wi[h the irm�d'iate and cominuing rigM to
<br /> collect and receive all of the rerrts.inoortg.receiPts.ravenues.issLZS.Frofits and other incorre of any nature nownd �g�nirtum re tsn9addtty�ional�eMS. . _
<br /> any rtature cortdng cNe dunn8 enY���00 P���S under the Leases or hom or arising out of the Property� '
<br /> peroentage rems.Parla�9 or cortmon area mairttenance cnr�Vil�utions.tax artr![-surance cormibuUons.defiden�y rerrts.liquidated damaSes tollowing F� -�
<br /> detautt m arry Lease.aJl praceeds PaYahle under any policy of insuranoe cover.i�loss of rents resultlng trom untsnarttatnlAy eaused� ed from the . . . '�-
<br /> c�maga to the PropertY•all Pcoreeds PaYa�le as a resuR ot a Isssea s exercise of an option to����?S�d��o��bnd whlch Grantor • -_
<br /> tamunation or rojection of arry Lea,�e ir+a bankuptcll or othar insol ency proee�d'ntg,and ell proceeds
<br /> s ci the Properry(all of the above are hereafter coltectively reterted to as the'Rems7.fiis
<br /> � may have sgalnst any lessee under the Leases or anY�n�to���s Lender to ooltect and appht the Rerrts. Thls assignment is recardad in accordanee with . ',:•+�._
<br /> assi�merrils subjecl to tha rf�n,power and authuriry gh! upo . _�
<br /> �ided b ePP�icable state law�amen ided from Umem o Ume As lon�as�c�no deta tt undet tha Obfig3dons or ihis Deed of Tnis�.Lender'��anis . : '��,-`�_'�
<br /> C��ramor a yurevorabt��(re Gramor�i�o deposi[a11 Rerrts irrto an acoo memaintalned by Grartor orrol.ender at�rs in�sUdnion.�U�ponlodefaull In the payrrent . ...�.�t x�'
<br /> o f�or in i h perfomianee o f.atry o f t h e O b l(g a a i o n s.L e n d e r m a y a t i t s o p t i o n t a k e p ossessian of the P:ope rt Y�d�e.hold�aSa•��d aperate tho � % . r'
<br /> ,...�- ,. f .
<br /> p ro p e n y on terms and for a pe�lod of Urre that Lender deerre proper. Lender ma Ptoceed to oollecl an d rece Ne a l l H e r A S fr o m t h e P�o P B rt Y.a n d L e n d e r : 'I ";:
<br /> sh a ll have tull power lo make a l t a r a tlons.re n w a t i o n s.r e p a i r s o r►e P�a c e�of the t�Pn��alt��ons.r�enovatio ns�r�epairs a n dr r e p t�Y gI�d i y � ' ;
<br /> Le�defs sole d�screUon to paymem af the Obligatlons or to the payme Lender may keepthe
<br /> _ expenses indderrt to tetdng and retafnlng possesstan of the Pmperry pedo�IIealty and the managemerTt and operation of the Property. - ---- -
<br /> m Insured and rtay cfisd�arf;e a'�y'ta�a�.�8�•��'.�g55�s and oiher liens whtch may accrue. The expense and cost af these :f,. ..
<br /> P�Pen11 P Pe�Y . .
<br /> • aetions may be�d from the Rems reeeived and arry unpald amourtts shall be added to the prindAal of the OSIigaUons. These arrouMs.toge3`t�r�� . . �'+r•-�
<br /> other wsts.shal Yeeorra part of the Odlgations sewred by this Oeed of Trwt. r :� .
<br /> yyh{ch ma cause or pemirt the terrNn�an or the withhols6ng of . t r.���. �i
<br /> g, �,Epg�g p[�1p Oi1d F A A G R E e M E N T S• (i r a rt t o r s h a l l n o t t a k a o r f a i l t o t a l c e�n�to the PropeAy. In a d d i l ton,G r a mor,w i t ho u t L e n d e r s p ri o r w rf t t e n . .., ����
<br /> eny p3y►nem In ecnnection with any Lease or other agreemem('Agreement9 pa 9
<br /> aonceM.shall not:{a)colfeet any monles paYable under arry Agreemenl more than one rtmmh In advance:(b)►tn�ity anY A��o�ha�amou�rrts�rpa�/dble , -, •,°��
<br /> Iten,securtry trrterest or o�her encumbranoe tu be ptaced uD°n arantors dghts,title and Irrteresl In end to any Agreerne
<br /> thereunder,or(�tertn(nate or cancel any A�eement exeept for the nonpaymem ot any sum ar other rreterlal braa Oby�e�e�`��1��y a���mr � �` ,
<br /> reoelves at any tirre arty wrltten comtun1caUon assarGng a defauH by ararrtor under an Agreemer�t or VuRw g �,er�R'
<br /> Grantor shallprortqlly fonxard a eaPY of such co►rr►�NmUon(and any subseguem cor►minteations relating thereto)to Lender. All such Agreemerds a�d _ ( . J���
<br /> � the amourtts due to(irantor thereunder are heleby assi�ed to Lender as addUonal sewrfry for tha ObligaUons. •�
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<br /> 7. COLLEC7lOI'10F INDEBT�DNES9 FRO�YI YHIRD PARTY. Lender shall be enUUed to notiiy or requhe Grantor to notitv arry 1hUd Party(lnduting,bu1 . . ;�_'...
<br /> pan ....�_
<br /> . not Ilmtted to.lessees.lioensees.f/ovemrt�r�tal authorlUes and insuranee oort auR exls s under�is Deed ob Trus�Grant�a�'hall dsl'i�ntly�°et the --•.�;;�.,:•.t�:,� -__
<br /> � respect to the PrapertY(curr��aWeN 9ndeb10�►ess')whether or no1 a def „�;,,,,, . ;,,
<br /> �de0n�merrts or8ot her t e m l t t a n o e sh w f t h re s p e c t„'o t e t he n d e b t e��w s s f o l t o w l g t h e g l v in g o su�notifleatf3rantof m sses�s�o�recehrae�sepassa�0 ces - .:s..' - -, —
<br /> i conslitute the prepaYmeiA ot any Indebtedness or ttie paymiendo►se thie InsttumeMs and ather rert�ttanoes to�nder gand ho l�s�u����de�Lendo r�whlBUri �; -'�'�.
<br /> ' � remfttances In trust for Lender apart irom fts olher property. �in or othenvlso),extend the --„�„_�•
<br /> ', � possesston of the 1nsVUmerrts and other remittences. Lender sfiall he enMled.bu►nat re4ulred.to collect(by logal Praoee 8g ,;.,y.: .
<br /> , 8sre for�;�^!.Mrr�xOmise•exchanpe or release any o6tlgor or oollateral,or otherwlse settle arry ot the Indebte�ess whether or not an evem of default +- -
<br /> exlsls under thls Agreemem. Lender shall not ba liabte to Grantor for any action,ertor,Mstake.omt;slars os ds�aY Perta1^ing to thB eetions described fn thls
<br /> para�aph or any darna8es resul�ng thsrefrom Norivilhstanding the faregoing, nothing hereln shall eause Lender to be deemed a E ,�;,-
<br /> f
<br /> rrortga�e-�n-pOSSesslon. ` . �..•
<br /> , 8. USE ANO MAINTENA.ti'�'�OF PROPEHTY. �rarita shall take all aqlons end meka enY Grentor s�l�use the Property sopety in�pllanoe w�nh � . � .. --
<br /> arazrtor shall n�t cortmf►e►Pemtt anY was►e to be committed with rospe�t to the Properiy.
<br /> � applleable law and insuraneo polldes. Ciranmr shall not rt�ke any atteraUans,adcGUons or Irt�roveme h���sub'ee�to the benefldal Irrteres�l bei nging I . �
<br /> oonsent. Nfdhout IimiUng the toregoing,atl a.3r�ans,addtlons and Improvemems made to the Property
<br /> to Lender,shall not be rerteved w�thout LendaYs pdor wrftten conser�.end shat be rte�de a1(iranter's sole expense. ,
<br /> g, LQS9 OR OAIAAGE Cirantor shall bear the emlre dsk ot any loss.thefl,deslrucUan or dar�qa(a�rtulallvety�Loss ct�9a�to the Property oi a�y � :
<br /> portton tt�reo!hom any cause whatsoever. In the eve�of a�Loss or Damege�Grantor shaD,at the optlon of Lender,re r tf�a aNected PropeAy .
<br /> prevlous oondiUon or pay or eause to be paid to Lender tho deaease�n tAe falr market value of the aftected Properry•
<br /> 10 IHSURANCE The Property wlll be kepl Insured for its lull insurable vafue(re cemem oost)agalnst all hazards lnduding loss or darrage eaused b ;
<br /> � fload,earthyuake,temado and flre,theft or other easuatry to the exterA requl by Lender. arantor may ebtaln Insurance Vi��derw rth at�aa��� • .
<br /> ' oompan a as are acoeptab•e to Lender In ita sole disaetlon. The insurance pollde�shall requlre the insuranco corrDanY P�
<br /> �� days'written notloe before such pollelos are alleted or canoelled in any manner. The insurance polides shall name Lender as a loss
<br /> payee an prov that no act or;�he�ent Grantor tails to aoqulperor malrrtalntnsutance�Lender(atterpro��ding notice as ma�ybe required bY taw)may ' _
<br /> losa or damage of tfio Properry. able and bear�ng Irrterest as � �
<br /> in its msauUon pre�epProprtate insurance coverago upon the Property and the insuranee casl shall be an advanee pay _
<br /> desaibed in Par 23 and seeured hereby. Ciranior shall fumtsh Lunder wnh ovldence of ins��ranee'��ieatt88����4�G��s na�ms onnany drafl or � �
<br /> as attomeydn-tac�far Cirantor in making and settling elairre under Insuranee potltiea.cancelUn�any P�cy d and delivered to Lender as tunher sewrliy
<br /> nepoUabta InstrumerA�awn bY anY�nsurer All such Insuranee pollties shall be Imre�ately ass�ed,pledge ch .
<br /> for the Obllgatlons. In the evem ot Ioss. fira�og�rectty t��odor lns e d o110 Londor and Grarttors Londer shall havo t e rlghte.a1�ts sole optiona to _
<br /> fnsurance oorrQanY Is�ireeted to make paymo An amoums rtsa at LAnder's option be app��ed in
<br /> apply such monlea toward the Obligatlons or taward the cost o1 rebui��ing and rostoring the Proparty- y Y
<br /> the irnerse order of the due dates th�ereof.
<br /> 11. ZONINti AND PiiIVATH COVENAtJTB. Grdntor shall not initlato or consem to eny chan8o in�he toning pravlsions or prlvate covenants attoqing tho
<br /> use ot the Properry withoN Lende�a prlor written consent. I1 Gremors use ot the Propeny toucomes a nonoontoming use undsr any zoning provislon. -
<br /> prantor shall not cause or permit such uss to bo discominued or abandoned without tho pdor wrltten aonsent ot Landor. Grantor wdI irtmodiatnty provide r
<br /> I�nder with v.rritlen notice o}any proposed ehangas 10 the zoning provisions or prlvato covenarrts aff�eting t�e Property.
<br /> 12 CONOFJ41NATlON. Grantor shal��deSely pro�vld���datfrom sueh eondsrmat o or taking aro horeby�assigned t Londor and slhall!�e appllad � � -.
<br /> procee�ing pertalning to the Property. Pa}� a�sal leosl in connection vilth the condertnatlon or errinarn
<br /> first to the paymeM of Lendefs attomoys'foas.IeBa�expenses and other costs(InducLng Appr ' f°
<br /> domafi proceedngs and than,at the option ot Lender.to the payrrenl ot the Obllgat:ons or tho rostoration or ropa�r ot tha Property-
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