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<br /> lcl �I aPFLCab:o laws andr�ropu�ar)and slz onm8 and buildi A awe and ro�;at�ons rofat g'to�tho ProportY bY virt e o�Y tederat,state oQnuen dpal ` ' � - , --
<br /> rogutatwns�xorrulgatod •
<br /> au�honry with�uhsdiCian ovvr tho Property Pro%ontiy aro An d c h a l l b o o b s o rv o d�d��1 e d''m ons�or n o�nconfortd p n 8 usesaand�al msp�c[an , ,Y,
<br /> pomnia.and cort�ifcatos of accupanelr(���^9�noi timtod to zonfny vanancas.��Oa�aieOP� . �F.'�
<br /> or ont.which azo nu!onal to Iho uso nnd occuRv'eY ot mo �ropr:riy.�ren.r+tw�y"� �!be obta"`�d.
<br /> epytov�lul.vrhothot►otTpo�atY �� (� . ;'.
<br /> DD
<br /> proscrvad and.wharo���:+sa►Y.ronawod. „o�i�a Oblr bons urtdor If�is Deod of Trust and thoso aenons c!o not antl shall noC�e ,
<br /> aul�ontod to o:atuto nnd po 6a ��
<br /> E�} C3rantor ha�tho n�ht and is duly �ation,or�naneo.Nle of law,comrttet or othm a�oomont whieh may bo b:n�ng an Grantor at any turn. ` � -
<br /> �ontrn�itn mo�ro�rwion�oi any siaf�no.ro� ; . �
<br /> ;01 No net+on or prooac3mng Es Gr shal�bo P�nding e�throatonod wh:ch rtight matonalry a!teti tho Pro�sorry.rend e.,�
<br /> - �ry C3rantor has not holatad end shal�not nolato eny slatuto,ragu�atien,ar�inanw.rulo ot iaw.corrtract or othor a�eemeM�mdud�s�ba o t is Deedtot Q I
<br /> . ihoso govommg Hazatdous Matortais)whici�mighl matoriaily attaG iho Praperty or lendola nghts or mterest m ihp Propurty pu f , • -
<br /> T^� of t�e Pro except as set fonh� �__
<br /> 3. Pgi1�R DEEDS QF TRUST. (3rantor reptesonis and v�artanis ihat the�e are no prior daeds ot trust aftectmg anY P� �rn r,�
<br /> ' an�ry�uto g attached to tnis Dead af Trusl.�hlch Grantor agroes to pay and porform m a tima�y�ner If there are any pnor deeds of trust ihan� �`.
<br /> �` (3rantor agrees to pay al�arrounts owed.and pertorm al�obiigations required undsr such dseds ot wsl and tfia inrt�biedness secured thoreby and lurthe _
<br /> agrees ihat a defautt under any Ptior daed ot trust shail be a dafautt under ihis Deed ot Trusl and shall enGtle Lender ta all rights and remedies containe� _
<br /> herem or in the QbligaUons to which Lendet would be emitled in ihs eYeM°f�Y°�s���n
<br /> 4. TRANSFEHS OF THE PROPERTY OR BQ�JCftClQL I oIyTEREre��proPerry�de�aibedn�Sed�tedRule A.Eo any interest ihetetn,orlof all or ay bene dal
<br /> eorAraet tor deed or transfer to any person of al!or any paR ershi trust.or
<br /> ' , irterest in Borrower or arantor(it Borrowe�n►d daz�e ih outstan��ng�PrtndPal�halasice ttts Obiigatlons plus axtued iir�ite�t�nn�im�iBrLatsty�e and (• ' ,��'
<br /> othsr legal ertdty).Lender may,at its opti �.Sh���mish a eorr�tete statamem setttng forth all of its stoctdioiders,rs�rrd�e►s.or �;
<br /> payabte At Lenders request.Orartior or 8orrawer.as the case rr�ay ,
<br /> ' paAners.as apprbPriate.and the exterrt of their respeetive awnershiP irrterests �.'..—�
<br /> i .
<br /> � ' S. ASSIGNI'IfHJT OF HENTS• ���°��deration of the Obligations,which are secured by this Deed of Trust.Grantor abso�ute�Y assigns ta Lender all �
<br /> ' Grarrtor's estate.rigM.title.imerest.daim and demand nov�owned or hereafter aoquired�I����9�d agreements whetherPwritlen or�aral�are - =t�_
<br /> extensions.renewals and subleasss).ail agreemerris for use and oaupancY of ihe Property( . . __
<br /> . � hereaftet teferted to as the'Leases�.and all guararrties of lessees'perfort�nce under the Leases.togelher with ihe irtmed�ate and coMinuing rigM to . .
<br /> � coilect and receive all of ihe rertts.incorre.receiPts:revenues.issues.Profits and other incorre of any naiure nowndudng mintlrtmm re�►snadd�onal Ms. ' �._
<br /> �y n���ng�e��ng�ny redertption penod�under the Leases or trom or arising out of the Properry�
<br /> 11 p��tage rems,parldng or wmrwn area mair►tenaneeicarrtributlurance covertng loss of n ts reusulung fromeur�rte�namebil'rt�yr caused t'ry destrucaon°g . . • _
<br /> S deteuR in any Lease,ail proceeds PaYable under arry pc'cY all oeeds derived from the .. ' .. �"-�- _..
<br /> � darnage to the Property.����PaY�e�a�uit of a iessees exerdse of an option to purchase 1he P%d��Of arry Idnd�vhich Grantor
<br /> or other tnsotvency prooeed�ng.and aU�from any dght ';:;,.��': �`�#.,
<br /> tertrinatlon or rejection of any Lease in a ban{wPt�Y :.,;_.. .. -
<br /> i rrey have a g a i n s t ar ry lassea under the Leases ar any oxupartts of the Properry(ali of tha � fl e�aThi ass i g nm�m s�t�d m aaordance with '..,i,�`'�,�_"__
<br /> � assignmerrt ie subject to the right,power and wtharity given to ifie Ls^3ar to co l l e c t an d a p q y ..., . , .s� -��: .� -
<br /> rfeded and dia�e upon riie record�ng ot this Deed of Trust,2II 85 • .y Y;
<br /> „ � appiicable state law:ihe lien created by ihis assi�rte�t�s irnended:�be spedfic.Pe ,.c.;•: �•_r Tr .
<br /> provided by applicable state�aw as arrse�ded fi°m bme to time. As lsng as ihere(s no defauft under tne Obligations or ihis Deed of Trust,Lender grams �, ,
<br /> G r ar i tor a r e v o c a b l e 6 c e r u e t o c o 1 1 e G all RerRs hom the Leases when due and to use sueh prooeeds in ardrrta's b�s(ness operations. Howaver,Lender ���� • ` :. —
<br /> may at any time require Grantor to deposd all Rerrts irrto an acccurtt rt�+ir�talned bY G r a r i ta r o r i.e n d e r a i L e n d e r s i n s t i t u t l o n. U p on defauR In the paymerrt ,_J,;,�:;�
<br /> , -'�.,..�`'�it-�1i.+ •�5.
<br /> of,or in the perfomiance of,any of the Obligations.Lsndar may at its option take possession of the Proparry and have,hold manage.�ease and oDerate the � : ,_::
<br /> � pmperty on terms and far a pedod of time that Lender deems proper.PLendar may P��t as Lend.er rtay deem proPe►. Lender r aY aPP�Y�ertts in { .' . ' �.` , :
<br /> sha!1 have tull power to make alterations,renovatians,repairs cr reF�a�ms to the Pmperry •. , � ��
<br /> -a a rn o f i he cosl of such alleratians.renovations.repairs and repiaoame�ts and any f s,:;.:� . � r � •._;,•;
<br /> �,en��.er's sote d'isueaon to payme M o f t h e O h l i g a t i o n s o r t o i h e p a y. ��� �d�e managemem and o�eration o f t he Pro p e t t y. l.e n d a r m a Y k a e p i h e �.• -
<br /> , e x�:u e s i n d d em to tatdn g and ratainin g p ossesslon of the Properry Pe Y
<br /> � pru�erty property insured and may d�s c h a r ge arry t a x e s,c h a r g e s.G a=rt s.a s s e s s r re r n s a r►d o t h e r liens which ma y acaue. The expsnsa and cost of t hese ' '.:�,y, _�I t ' �-
<br /> � ;' acUOns may bepa1d from the Rerrts reoeived.and anY unpaid artnurtts shall be added to 1he prinag�al af the Obligatfons. Thase amo u r�s.t a g e t h e r w�I h _ . ,� . .
<br /> ' �er cos[s�shall Yeoome part of the Ohiigations secured by ihls Deed of Tnut ' ' �- •'
<br /> . . ( _ . •• 'T.�1 :
<br /> .. a&n p�ayrr�rt�wnn�ecti�onArith�Lease o othe agreemerrt(Agree �mem')PBrtaiN g ontha Prapenl►.In add�tion ararriar,wlihout Lenders prior�written , —
<br /> rrent:(o)assl�o�aliow a � `�► :
<br /> wnsem,shail not:(a)eoNea arry rronias Payable under any Agreement more than one momh in advance:(b)rmcLfY�Y A9►� s, �
<br /> iien, securicy irrterest or o t her e n c u m b►a nce tu be P t aoed upon arantors dghts.Utis and irsterest in and to any A�eemerrt or the amourAS payable yr„� �.
<br /> thereunder:or(d)temilnate or eantel any A�eemem except for the nonpayment of any sum�iher mate h a l brea e h by t he m h e r p a r ty thereto. B e��o�r . . �; �,
<br /> '�' reoetves�any Ume anY wr�iten comrtunication assening a defautt by t�rantor undar an A mem or purporUng to tertnlnate or eanoel any A� ,.< <___
<br /> ' C,rantor shallprortptiy fotward a eopy of such eormunicatlon(and any subsequerA oormunieaUons rolating iherato)to Lender. Alt such A�eemertts and _�s,
<br /> :" iha amcurtis due to(irantor thereunder ara hereby essi�ted to Le�der as addNonal sewtftfi tor ihe Obligatlons. � • =�'-�_-'�
<br /> � �y �.-. .:�,; _
<br /> 7. COLLEC7l0[�1 OF INDEBTEDNES3 F R O M T F i1ftD PARTY. Lender shall be eMitled to n�nder a�iry i�edness or o b l igaUon awiP g toi C 3rento9with • - • --
<br /> n
<br /> noi flmftad ta.lsss!�s.Iloensees,gavemrt8ntal authorities and insurance eartpanies)to pay '��,�
<br /> . respect to the Properry(currutathreh�'In���ie����er or not a defaufl exists uncier ih{s Decd at Tru�. t�ra�or shJl dligerttty coilect the .---_, .- _�+ -
<br /> . ' �ndabtedness awing to Qrantor irom these third parUes uritil the giving of such notHication.In ihe everrt that Grarrtor po�sesses or�eceNes possession ot . �� ^ _
<br /> �.. •h eny insvumerns or othor rertittanoes w8h respeG to the Inde o f��surance orhoon�denmoation prooee�rantorfshall ho d sueh t�strumerrts an�d o�r ' .�•�• ,
<br /> �ny�te the prepaymerrt of any lndehiedness or ihe payrnent vide Lender with _
<br /> {. remtttances�n trust}or Lender apari trom fts other properry,endorsa ihe insmiments and other rernttances to Lender,and imnemate����•e�uend thB . � .��`-
<br /> • :. possasston ot the instrumenls and other remittances. Lender shall be errtiUed but noi rracyiired.to co�eet(by legal prooee�in9 . ,°�:-.-..
<br /> • ,��o fM nayment oomororttse,exehange or release any o6(igor or collateral,or otherwise settte sny of ihe Indabtedness whether or not an everrt of defauit � �..
<br /> � ' e�dsts under this Agreeme►�. Lender sha�i not be iiabie io u�a��i�f:�a�Y:�'.on,ertor.s^!`-'3ce.nm�sion or delay pertalnir.g tu the adions dascri6ed in ihis -- . -__�
<br /> 6 pazagapt� or any damaSes resufting therefrom Notwithstanding the faregoing, noth(ng herein shall cause Lender to oe dee►rod a -' r='-•��,.� �
<br /> } mortSeBee-in-Pussession. . . . .
<br /> '� '�;' .._,-,:
<br /> � 8. USE AND ItiWINTENANCE OF PROPERTY. Cirdntor shal tab all actions and rt�akeany G�,r�sh�useihe Prnoperty o e:q n eor�iptla�noe wi►h =��;
<br /> Grantor shali not comNt or Perrrit any waste to be oormitted w:"�rosPeet to the Property. ,� �,-;
<br /> j �iq61e law and Insuranoe polkles• Grantc►shall not make any.aYarations,addtions or irtprov-a.ne h���sub ciDto t e benefldal Irrteres�t befonging —
<br /> �E, wnsem. Without Ilmiting the foregoing,alt aitorations,addrtians and m�rovemerrts mada to the Pmperty 1� _ �
<br /> , � to Lender,shaQ not be rerrovad wflhoul Lenders prlor written eonseM,end shall be mada et C3re►�►ors sole expense. � _
<br /> g. �pgg pp ppllAqQE arantor shall bear ihe entire risk ot any toss.theft,doshualon or damage lumu�ative�Y'Loss or Damage�to the Properiy or arry • •
<br /> portion thflreot from any eause whatsoever. In the evertl of any Loss or Damage.(3►arrtor shail,at trs opfion ot Lender,repalr the aHeeted Property to its �,; . . �;�
<br /> praAous oond�tion or pay or eauss to be paid to Lendar the deuease in the�air market value of ihe a aeeted Property. ��
<br /> 1 0. INSURANCE. 'The Properry will be kepi Insured for its 1u11 Insurabte value(re D laoerrent cost)apainst all hazards including loss or damage causod by �`
<br /> fiood.earlhquake.tomado�d flre,lhoft or other casualty to t he extent requ ire d b y L e n d e r. Grantor ma y obtain insurance on the Prope r t y(rom sucf� . !
<br /> oprtpanle as are aaeptab�o to Lendar in its sole msaeUon. The Insuranoe polidos shall require the insurance cortpany to provide Lenderw f l fi at teasl
<br /> 3� days written notice betore sueh poUcles are altered or canoelled in any manner. fie insuranoe polides shail narre Lender as a loss �
<br /> i n of Gremor or any other person shall aifed tho d�t of 4anderto bo pald the insuranoe proceeds portalning to the �.
<br /> ; payea�an provl�e ihat no act or omiss o _
<br /> loss or darrega o11he Properry• In tho evam Grotrtor 1g Is to aoqulre or maintaln insurance.Lender(afret provl�ng notice as ma�y��1�n bY�ro��Y . .
<br /> in its�5sereUon prow►eapp�rod�red h���Grentor s�I fumishr Leende with evlidence ot i surence indieatin8 ih e quirea coverage. I.snder may aq . .
<br /> desaibed in Para�eph 23 �Y• li yor�endarsin Grarrtors narre on any drah or �
<br /> as anomey-in•}aei for Grantor in matdng and sotUing dalms under insurance pofldes,cancelling any po � �d del�ored to Lender as turlher sacurtty .
<br /> nagotlable instrumem drawn bY anY insuror. All such insurance polides shall be imme�ately assigned,pletlgea d� �
<br /> tor�he ObBgaUons. In tho eveTA o}�loss.��s direalyRto Lentder instead ontio Lendor and Orarrtor�Lender sha11 a�the rigtrt,at�'rt�s sole�optbn,to E �
<br /> insuranco oor►PanY�s�iroctod to paY�
<br /> appiy such monies toward the Obtigations or toward tho cost of rabuilding and restoring�he Property. My am�urrts may at Lender's ,�ion be appli �n , L _
<br /> ' 1he invorse ordor of ihe due dates thereof.
<br /> � 11,ZpHING AT1D PRIVATE COVENAMS. Oramor shalt not initiate or canserrt to any change in the zoning provisions or private covanants attecting the , �-.
<br /> ause of ihe Property wrthuut Le�defs Pnor written conserrt. If Grantors use of the Praperry heoomes a noneontorming use under any zoning provision, ; !
<br /> � Grantor shall not causo or pemit such use to be diseorrtinued or abandonsd wefiout the prior written consenl of Lender. (3rarrtor will irtmediately provide ,
<br /> Lender witfi written noUoa of any prcposed changes to tho zoning provisions or private oovenarrts affeainp the Property. �_
<br /> 12 CONOEMNATION. Grartlor shall imnedatsty provlde Lendsr with wriiten notice of any actual or threatened condemnation or eminent domain _
<br /> pracaotDng pertaining to ihe Property. AU mon�es PaYable�o dr�tor from such cond3rmation or talbng ate horeby assigned to Londer and shall be appiied _
<br /> d�in prp�»s nA and then.at ihe option ot Lend�er t�e payment ofthe Obli(gat ons o�r thepre orat on�or repai of ihe Property. n��ation or emnortt • _
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