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<br /> Q3-US-9�9� DEED O� TRUST ����� POge 4 i . , ;. �
<br /> .. Lvas�ids 428854 (�afla��:ed) ��" . -
<br /> � SEqJp�7y AG�M£NT:IFiMANCli�ti STATfc��TTB. TRe foao��ing provisiorr3 relating to thLS Deed of Tnist as a s�ecur�ry agreement are a part of ' `
<br /> ttsls Deed o!Trttst.
<br /> g�eurtrj a�nt ThlS in5t�ument SMii Car�titut9 8 52euriiy BgTaement to Ihe ext9nt any of the ProDereY tons4tutes�Av�s or other < . .
<br /> �uton;S Prctpsrty.and Le��r sh31 hav�eil o!lhe rights of a seeured DaM under lhe Uniform Commeadal Code as amenstod Noan time to -
<br /> � � tlms. � � • -
<br /> SlqAfty tntEtest. Upon reqt�sst by Lender,Tn�stor Shal1 execute flnanctng staffimants artd take whatever other fldlon is requesled by Lertder . , -
<br /> . to pertsct and corNnue Lenders security�ntarest�n ihe Rents and Personal PropsrtY• �n addillon to r�cardin�ihis Dee6 of Trust in the reai . ,
<br /> propgrty reeprds,LsnQer may,at arry time and wliltout fuAher authoritaUan irom Tnutor,Hts executed caunterparb,coflles or reflroductiorc�ot
<br /> � this Qaed of Tnrs1�4 a flnorudnp stateman4 Trustor shail reimbwse Lender for al expar�ses incurted in perfechnp cr eontinuing fh�s secunly ,
<br /> inY$rest Upon d¢'au;�Tn�stor shal essembte the PersonSl PtoA�Y�n a mnnnar and at a place reasonmbry oonvenisnt to Trustor and Lender
<br /> attd rt�k9 it av2�Tabs to lertder within three(3)d&ys aff�r receipt of writton demand from Lendar.
<br /> Aadres9es. The mellinp 8ddtesses of Tntstor(debtor)and Lender(seCUred paRy).trom whtch lnformatian concerNng tho security mtarest �
<br /> prantad by thls D6ed o!Tnist may be obtalned(each as re4uired by the Uniform Commercial Codo).are as steted on the Nrst page of this Deed , , .
<br /> m rnist. . .
<br /> FUpTtEq AS^�UpAliCES; ATTORNEY-t[r--FACT. The foRowing provis�cns ralatiny to further assurances and attomeyHn-tacl ere e part o}t►us `
<br /> Dced at?nst. �
<br /> ��. At arry tlme,and trom Ume to Ume,upon raquest of LBnder,Tnistor will make,execute and daGver,or wiNl esuse to be ,
<br /> made,exgpited pt de(iva�ed,to Lsnder or to Lersder's des�gnee,and when requasted by lendar,cause to be filed.rec�rded,refiled,a , . „
<br /> • rarecarded,gs thg�may be,at s�h tlrt�es and In such aHices and places as�-ender may deem approprlate.enY a�d atl such mortgagss.
<br /> ; deed�of bur,t,securfty deeds,seCUrKY 89reemenl5.finandng sffitements,continuation statements,instrum.enis o!Nrt�ess�trence.Certit�at�, ' . .
<br /> ; anA pther dpqiments as may,(n the sale opinlon of Lender,be necessaryr or desirabte in arder to etiectuate. complete.parfect.oonUnua,a
<br /> � ? preserve (e)tha abGyatlorS of Tnator under the Note,thCs Deed of Trust,and the ReSated Documents,and (b)Ihe lisns and secaidlY interests
<br /> cteated by thts Deed of TNSt as fnst an�pdor liens on the Properry,whether now ownad ar h6reafter acquhed by Tnsstor. Unless prohbited by �`'.°��
<br /> ' taw pr t�seed to the contrary by Lendfx in writing,Trustar shail reimburse Lender for ail costs and expenses incur►od in connscfion with the � : •• . .
<br /> matte�s r�rtad to in this p8r8grapt�
<br /> � " Attarney.-{e►�Fae4 N Tnistor faus to do any of the things reterred to in the preceding paragraph,Lender may Oo so for and in trie name of .
<br /> Trustar and nt T��e�ense. For such purpcses,T�or hsreby lrrevocabty aPAoinis Lender as Truslors 8ttome}N�G tor the pu►pose -
<br /> � � a}��g,e�cuynp, defiyerirg,biinD, recordnp,and doing ell other thirsgs as may be necessary or desirable,in Lender's sola opinion,lo . • .
<br /> . � �ccom.�Ysh tha matlers roferrad 4o fn the precedinp pe►a�aPh• ! , .' -
<br /> , [ �' _
<br /> ! FU.L p�.lr�FillAA1�l�. (}Tnntor pays efl the Indabtedness when due,and othsrwfse pertortns a11 tha obiiga6ons imposed upon Trusta under 1Ns
<br /> Deed af tr,us� Lender ShaU execute arxl deOver to Trustae a request for full reconveyance and shall execule and deUver ta Tnutor suifable k �,;�. ,:��`�"
<br /> siaflemenls of terminatlon of eny ftnar�ctnp statement on fie evidenGng Le�ders security interesl in the Rents and the Pe►sonal Property. AnY ,� -
<br /> rg�pm�eyaryae tee ret{uNsd�y Iaw shall be paid by Trusta,it permitted by aRpficable law. - "��- '
<br /> • DEFAlA.T.Each ot tAe ta��inq,at the optton of LenAer.shall consGtute 8n event of default('EveM of Oefaull'�undor this Oaed ot Tntst ��� ���c�rk� _
<br /> . i > 1� .. '
<br /> � pttwitt on SndeDted�ss. Fa�ure o t T r u s t or to m a ke any pa y m e n t w h e n d u e o n t h e I rt�,w�e d n e s s. ��• , �
<br /> ! pefetdl pn p{her p t8. Faiture of Trustor w(thio the Ume requirad Dy this Dasd of Trust to maks�^y payment ior taxes or insurance,a •'°••( • �� �';
<br /> �. . eny other paymeM nece�sary to prevet�t fiGng of or to eftsct dtschargs of a�y lien. � ;, �� _
<br /> Oef�Wt M Favor of Tita7rd PaNes. Shoutd Borrower or any Trustor detaun under any�r,z�,extension of cred�.sew�Y ageement,purchase a :s ;
<br /> pi . �.:
<br /> sglas g�eemer�t,or a.^y oth8r a�eemen t,in 1 8vor o f any o t h e r c r e d i t o r o r p e r s o n t�.a t m a y m a t e ri a i ty e B e C t a n y e 5°_3 rt o w er s pro pe r t y Or . •
<br /> BOrrow6rs Cr 8try Tr�ix'S 8b�I1tY to repSy the Lo8n5 or perform�heir respective oblig3UOns under thls Deed of Tn�i ar any Of the Related +�• � : ,6b.��,±
<br /> Dxersaa::ts. � �:.
<br />� ' ! Comy�ce pefwl� Fa9ure of Trustor to comply wtth any other term,obligallon,covenent or conditian Contalned in this Dead of Tc�i,tha . .
<br />' NOte a in erry of the Related DxumerRs. ' '��' ��i
<br /> :";;�;.
<br /> F�ie St�temenU. A::y wartenty,repreSBntaUon or statement made or tumLsh�d to Lender by or on beAalt of Ttustor under tAis Oeed ot Tn�ri, _..�.;__,. , ;_T '''�t '
<br /> the Note or the Re�a�ppcuments is lalse pr mWeading in any mater�al respect,either now or at the tlme made a fumished.
<br /> pefecttye CatlatariTL-�Ipn. Thts Dsed of Tnist or any of the Retated Documer�ce�:s to be in fuil torce artd eHed pndud(np fAilure of eny ' 4��.r ��
<br /> - x.m
<br /> . coRat�at dxumants to ae�te n vatid and peAected securiiy interest or Iien)at any time and tw any reasoa '�r-rt'��-:--
<br /> '! (n�o4ren�y, Th8 dissolWon or 4ermination o!Tnistols existence as a going business,the insolveney ot Trustor,the appointmeM of a cocei�x ' �:��,c-;`,
<br /> • for any part of Trustor's propeAy,any asslgnment for the benefil oi creditors,any type ot�tor woAcotrt. a the commencemenl ot airy � �
<br /> procopol�p undet arry bsnfwDtcy a irts d vency l aws by w a g a inst Trustor.
<br /> Fpre�ipstue�ppr(eip�sa,etc. Commencement of foreclosure ot torfelture proceedings,whet�er by judicial procseding,ssif--he;p,repossession - � �,'_�`
<br /> or etry ott�er m�lhoA..^.y er►y aeditar af Trustor or by any gavemmental agencyr egainsl any of the PropeAy. Flowever,this subsecNon shall not
<br /> appiy L�t�he ever�of rt paod(aith dispule by Tn►sta as to the validity or reasanabteness of the dafm whfch is Ihe basis ot the foceGosure a � �`
<br /> ��praypdi�p,prpy�dgd th8f�vustor yN�s Lender�wrftten notice of suCh daim and(umishss reserves a e surety bond tor�"�cteim . . ��
<br /> qa�tary t0 Lsnder_ �r'`• .
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<br /> grsr�ot p@Nr A;�aNnt Any breach by Tntstot undar the terms ot any other ayeement 6etween Trusta and Lender that is no!reme�ed ,. .
<br /> wittitn orry prace pefav Drovided�herei^�Including wHhout IlmitaUOn any ngreement cor�cem�ng any Indebtedness or other obffgaUOn of Trustor ,�
<br /> to Lende►.wtwtiwr�9rg now or later. � � � �,'�'-.
<br /> � EyMb p{(w�a pty�r«fto�, My of 1!�preC0ding events occurs wlth respect to any Quarantor ot eny of lhe Indebtedness a any Ouar�,ntor ;
<br /> �Ipg pr pp�pme9 Uxpmpetem,pr reva.�ceg pr dlsputes the validily o1,or Itabfiity under,any Guaranty of the IndebteQness. Lender,at its opUOn, , `!_, "
<br /> rn�y,bul StuU not be requh'ed to,permit the Ciuerantors estete to essume uncondiUOnallyr the obligaUOns arfsirtg under ihe guaranty in e , .. . -
<br /> manner seffitactory:�zendar,and,in ddnp so,cure the Event of Defautt • � '_
<br /> �y� �ys„ ca rnaterlel gEverse cfignge occurs In Trustor's 8nanciel condition, or Lender betieves Iha prospect of payment or � •
<br /> peRom�nnCe Of 1ttB tnCobtedt�es3ls impelted. . �;
<br /> Is�curiry. LenQer in good iaith deems ftsetf lnsecure. I . .
<br /> Ri�t to GBrs. 1}such a failure is curable and if Ttustor has not been yvan a notice ot a breach o1 the same provision of tnis Deed of Trust E �
<br /> withln tt►e precadin9 txiNe(12)months,it may be cured(and no Evanl of Oefault will have occurced)il Trustor.efler Le�der sends wrillen � •
<br /> notlo�dortwn�rg c�e of sucb taYure: (a)cur�th�failure wlih�n flReen(15�days:or (b)if the cure requires r.exe than fiftsen(t5)days. .
<br /> imm�dlatefy irYUi�s�eps sutflcleM to cure the laitur3 and thereafter conUnves and completes ell reasonabte and rea35sary steps sut8clenl lo I •
<br /> produoo comp9anca es saon as reasonabty pracUcaf. .
<br /> p�(itf►a Af�D itL�I£�p�F�Qy QEFAULT. Upon ti�oecurrance of any Eo�ant of Defautl and at any time t?�ereafter.Trustee or Lender,at its optlon. � _ . : _ � �•
<br /> may exlro!51 any one o►more of ihe to8owing righb flnd remed'ies,in adG:'�.:an to eny other righls or rerr.�?ies provlded by law: �
<br /> Aaebt�tlon apon Qetittdt;AddHtanal RomEdioa 1f eny event ot�etault atcurs as per the terms of the Note secured hereby.Lender may � �
<br /> � dgclere ap Indebtednes9 secured by tNs Deed of Trus4 to be due end payable flnd the same shall Ihereupon become due and payah�e w�thout .
<br /> arry prasgntment,derrwnd.protest w�otbe o18ny wnd. Thereafter.Lender may: ,
<br /> • � (a) Etittgr in person or by aqent,with Or wi4h0ut bdnglag any 8ctlon or proceeding,or by e receWer appo��ted by e CouA and without _
<br /> reg8rd to lhe aBequaCY of its Secut(ly,enter upon and toke possesston of ihe Properry,or any part thereot,in its own name a in the name .
<br /> of Tnutee,tnd do any acts which il deems necessary or desfrable to preserve the vatue,marketabiliry or�entah�iiry of the Property,or paA � , ,_
<br /> o!the Frop�rty or i�'�grest in tha Property:Increase the income hom the�rop8rfy or protect the secunty of the P►operty;end,wlth or without , . � � .
<br /> fakinp possesslon ot the Prop9rty.Suo for or otherw�se coliect the rents,issues and profits of the Property,tncluding those past Cua enC
<br /> unpa�d,and apply ihe seme,less cosb an0 expenses of operation end colfection,tnciuding attorneys'fees,to any indebtedness secure0 ; _
<br /> Dy tht�Oeed ol Trust.ali in such orOer as lender may determine. 'fhe entedng upon and taking possession o!the PropeAy,the coltectlon •
<br /> of such rArds,issues and profits,end tAe applicatton thereot shail not cure or waive any detaNt or noUOe of defaNl under t�is Deed of Trus! �
<br /> . � Or Inv811d&le 8ny 4Ct dons tn response to suCh dotauN or pursuant to suCh notiCe of tlefault:and,nolwHhstending tne continuance in ,
<br /> poSSesslon o!Ihe PropeAy a the cc�tection,recoipt and applicntlon ot rents. Issuss or profits, Trustea or Lender shall be entitteG to ! , t `
<br /> ' ex9rC�9 every rEgnl provldOd tor in the Note ar the Related Dxuments or by law upon the oCCUrtence o1 any event ot d91aui1,incNding tt►� ,
<br /> � •� right 10 Ax8tCk5B the POwet of 5819: , �•
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