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<br /> " � '' DEE� OF TRUST PsSe 2 � '
<br /> < ; Q3-11—�98 . � �
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<br />-�, , ' Loan Mo 52938 9 `. ����� (ConUnue� t� - -
<br /> t � Qeed of Trust seGUre9.in�add'�Ian to Ute emoutQe�ed8ed in Ne Htote. luNre advanaes in an unGmtted amount.toelethar with e!i inter�t . . ..
<br /> `j� thereon,wlsidt tuture advances 4,ender is a6IIgamd to malce so bng as Trustor compGes wiN all the terms and conditio�of the Note or otlier _ . . .
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<br /> � Lene4er.Thewcrdlendei'rtteans Com�stone Bank,Natlonal Assodaffon.�ls sucoessors and essigns.
<br />�.�<� � �, ` �tote. rne word'tiote"maana the KoYe�eeareh tt.ts5a.In ffie pdnClpsl emouttY o!$�i�.00d.Q0 irom Trustor to Lender.
<br /> `�� • �� , .� tnSeiher wfth eU renewais,exter�oes.madficatio�.refinancirtgs,and su�or�s tor the Note. The mffiuriry date of this Deed of Trusi is June
<br /> -��' � � .. , � 11,2013. NOTICETO TRUS70A: THE NORE OONTAINS A VARIABLE lilfiEREST RA7E
<br /> :� Pa�nat Propas4�t The words"Personai PropertyP mean aD equipmern.fixnnes,and other a�6des of personal pmperty now or here�ar .
<br />` �� � . � ovmad bf►Tms�or,end now or hereaf�er ef�ched or a�ced to the Ree► Proper[yr,togeiher with atl axessions.parts.and add'Nans to.aIl . `
<br /> '';�' __ � repta�rtts ot. end all su6stlWttons for,any of such Property;end tagether witl�aD prooeeds pnGuding without limftatton aU insuranoe .
<br /> _�; . . ��� pmoeeds end refu�s of prerNums)trom arry sate or oU�er Q'is�oo.sitlon of the Pmperty. ,
<br />_ -- r � pnaparty. The woM°PrapeRy'means coliec6vety tha Reat Properry and ihe Personal Properry. -- ,-- .-- " �
<br />_„e�` ' Real Praperiy.Thewords'Reai Pro�ert7�'mean the prapeny,irroeresis and rights described ebove in the'Camreyance and Grant'sectloa ,
<br /> �. Retated QaanrtBrAe. Ths words°Related Oacumer�'meun and Endude without iimttation all promissory noUes.credit agreemerrts,Ioan � , .
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<br /> - . . 8g�eemerts,emrironrrterttel agreenteNS.9uar8nffes,seatritY ag[e0tnartb,mott9acJes.deeds ot trus1.and all other InsUumenb.agreemetAS end '< -
<br /> ,.�.,� • documertts,wheth�now or hereadter ex�tlng,execa�Ued in connecdon wRh the Irtdeb�dness. -, `� - :-- �
<br /> . Ref�.The word'Rertts'means a�presant and future rents,�evenues,income,issu�.royatHes.RrofAs,end other benefib dmtved irom the . .
<br />�:,9°, ptpperty
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<br />.'_�ry . .�, t
<br />�.,�r`- - :j TntsLao.Theword'fntsteeP means CORNEASfONE BANK NATiONALAS30CIATlON and arry suSsGNte or sucrsssortrusfeea. �:
<br /> �� � � 1tusLor.The word'Tnuror means erry artd aD persons end ertliUes exearting this Deed of Trust,in�dfn9���on ea Tn�stors named , �
<br /> . BhOY& . ° �: �'C,�r.`.
<br />;�,' THlS OFTcD OP TF3tJST. tNCLUDlN3 tHE ASS[tiNMENT OF R� AtID THE SECtlRiTY tHTEREST IN THE RF.lHtS ApD PERSONAL . ..',,,,
<br /> PROPER7Y,IS QIVEN in SECi/EiE (1)PAYN�[�17 OF'1HE INOEBiEDNESS AHD (�)P�RFORMANCE OF ANY AIm ALL OSUGAT[ONS OF -
<br /> ��� � . TRUSTOR UI�ER Tf� NOTE, THE RB.AlED OOCUNIFNTS. AHD THIS aEED OF TGiUSf. THfS OEED OF TRUST, fNCLU0IKG 7HE ,�; ` ., :. .�:.,,�
<br /> j; , ASSIGI�NT OF it@1TS AND THE SECURITY(tiIFREgf IH THE flEN7S AND PERSOHAL PFi0PFA7Y.IS ALSO GNEN TO SECUAE ANY . i s
<br /> - AND ALL OHIJGATIONS OF TRUSTOR UHDER TiIAT CERTAIN CONSTRUCTlON LOAN AGAE81fIENT BETWEEN 7RU5i0A AND LFI�IDEH OF ; ".
<br />_:�; . • EVEH QATE HEAEWIIH. ANY EVENT OF OEFAULT UI�IDER THE CONSiAUCfIOH WAN AtiR�YfENT. OR ANY OF THE HELA7ED ' ; ; -
<br /> ��. � OOCUMENTS REfEAtlm TO THEREIN.SHALL ALSO BE AH EVEA1f OF OffAULT UIQGER THIS 0�OF TRUST. THE NOT�AND 7HiS ,- - -�•�-:
<br /> :): ' DF.EDOFTRUSTAREGNEHMIDAOCEPIEDO(�fTHEFOILOWIN6TERMS: � . .�F:�
<br /> : i; ppyN�Nf pND pERFppARADit�. Except es othsrvulse provided in this Oead of Truat,Trustor shaN pay to Lender all emourrts secured by this Oeed :, �Y.'
<br /> �f ' of Truat as they beoosne due,and aha0 sBlctly and ln a tlmery manner pertorm e11 ot Tniswrs oblfgeflons urtCer the Nots,this Deed of Trust,and ihe � '
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<br /> .,:;�' Related Qocurrter�. ,
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<br /> �}%•. � � POSSESSIOH AND MNIJfENAKCE OF THE PROAERN Trusoor agrees that Trustars poasesslon and use at the Pmperty shail be govemed by - • -'r•
<br /> ' the toAow(ng provisior� � rf�;�.
<br /> `�;.� . .'<
<br /> -���� PosEesatoe and Usa. Urrol the aocurrence of an Evem ot Defau�,Trustor mey (a)remain in possession end control ot the Fmperty. (b)use, � �'� �i::.
<br />. operffie or menagethe PraPertY�end (c)coUect any Rerqs from the Properry. ,_Src,,:,�.
<br /> • Outy to Mai�ln.Trustor sha0 maintaln the Properly in tenarttabte cond'itton artd Promptty Perform a(1 repahs,reptecemer►ts.end malrrtenance i '.:
<br /> necessery tn pt�enre its value. . 'i��
<br /> � �,� HOTdR�01tS SIm.9ffiIICB9. Th818IrtP9"h'cIIefdOUS V18St9�"fi828fQ0Ue 311bS[8�1C@."°diSp0381�"9'6iBeSB�and Rhreatened retease:as used in this - �.:p'
<br /> Oeed of Trust,sl�a0 have the same meaNngs as set torth in the Comp�ehensive Environmental Response,Corr�ensatlon,and LlabiGry Act of _
<br /> 1980,as amended,42 US.C.SecHon 8601,et seq.('CERCUI'�,tt�e SuperNnd Atnendmenb and ReauthotlmUon Act ot 1988,PuD.L No. �
<br /> 89-498("SAHA'7,the Hazardous Materiaki TrenspoRafion Act,48 US.C.Sectlon t80t,et seq.,the RCSOUrce Conservadon and Recovery Act, � . �
<br /> ,. 42 US.C.3ectlon 6301,et seq.,or other appticebie sta[e or Federal law9,rules,ar reguimlons adopted pursuant to any ot the foregoing. The _ `��
<br /> ' . tertns'hezardoua was[eP end°hffiardous substance"shatl atso include,wfthaut Omfnitlon,petroteum an0 peVOteum by-products or atry iractlon �-s:`
<br /> ,y thereof artd asbestos. Tn�stor represerns and warrams to Lender tttaC (a)DuAng the pertod ot Trustots ownership ot the PropeAy,there has y�_.
<br /> � been no use,generation,menufacdire,storage,Veatrnent,d(sposai,wtease or threatened retease of eny hazardous waste or substance by any
<br /> a :;
<br /> ' person on,under,about or irom the Properry; (b)Trustcr has no knouNedge af,or reason to betieve that there has been,except as previously ,,
<br /> ` ' � � dlsctosed to and acimowtedged by Lender in wrftlng, n eny use,generaUon,manufacuire,storage,treatrnertt,dispasal,retease,or threatened _ �."•F
<br /> • � re(ease ot arry h�ardous waste ar substance on,under,about or ftom the Piroperty by any pdor owners or occuparrts ot the Propeny or (iq any
<br /> � a�[ual or threatene0 ItUgatlon or Gaims of any Wnd by arry person retetlng to such mauers:and (c)Fxaept as prevtausy disdosed to and ,
<br /> •�.;�. ' acknowleQged by Lender In wrlUng, (i�netther Trustor nor arry tenant,conUacior,agerrt or other authorized user of the Properry shall use, .
<br /> generffie,manutadure,store.QeaL dispose ot,or retease any h�ardaus was[e or substenoe on,under,a�out or from the Property and pq arry . ..-
<br /> - � such activity shail be condacce0 In oompnence wtth e11 eppticabte te�era�,atate,and lacal laws,regutatlons and ordlnanees,iacluding without �
<br /> Iimitatlon those lawe, regulaUons,and orElnances described above. Trustor authorizes Lender and ils agents to eirter upon the Properry tn
<br /> make such Inspectlon9 end tests,at Trusto►'s expense,as Lender may deem approprfate to deterrNne wmpilance of the Properry wtth this �
<br /> sectian of the Oeed o!Trusi My inspectlons or tests made by Lender ehail be for lsn�or's puryoses onry and ahall not be conswed to create .
<br /> any responsibility or Babitiry on the part oi Lender to Trustor or to eny other person. The representaUons and warrarrties contalnetl hereln are �. ,�
<br /> based on Trustore Qua di�gence In InvesUgatlng the Property tor hazardoua waste and hazardous aubstances. Trustor hereEy (aj reteases and
<br /> . walves arry hAUre delrr�agalnst Lender for indemntry or contributlon in the eveirt Trustor becomes liable for qeanup or other cosb unQer any � .
<br /> such laws.and @) agrees to Indemnityr and hold hartNess Lsnder against any and aU claims,tosses,Ilebi:itles,aamages,penatUes,and
<br /> '�'��'� expenses wh�t�lsnder may direcify or IndtrecUy euataln or auiter resuttlng from a breach of this sectlon ot the Oeed of Trust or as a , , . _
<br /> � cortsequence ot eny use,ganeratlon,manutacture, etorage,disposel,retease or threatened retease oxurcing pdor to Trustora ownership or .
<br /> Irrterest In the Piroperty,vfiether or not the same wa9 or shoutd have been known w Trustor. The provislons ot this sectlon ot the Oeed o1 Trust,
<br /> inciuding the obilgaUon to Indemnityr,shatl eurvtve the payment of the Indebtedness end the saUstactlon and wconveyance of the Iien of thls .
<br /> - , Oeed N Trust end ahali not be atfected by Lender's acquisitlon ot any i�erest In the Properry,whether by forectosure or othervvfse. � ,
<br /> �• �••: Nutsanw.Wasto.Trustor shall not cause,eonduct or pertNt any nuisenee nor commit,pertnit,or sufter eny siripping ot or waste on or to the • .
<br /> ' . Properry or any poNon of the Praperty. Without 1lmillng the generality ot the foregoing,Trustor wtll not remove,or grarrt to any other party the .
<br /> rlght to remove,anyr Umber,rNnerats Qncluding oil and gas),so0,�avel or rock proQucts without lhe pdor written oonsent of Lender. _
<br /> Removat o1 Imptovcmanta Trustor shail not damolish or remove any Improvements hom the Rea1 Property without the pdor w�tten consent •
<br /> - � � � . of Lender. As e condmon to me rerrwval of any Improvemerrts.Lender mav require Trustor to make enangemerrts satistactory to lsnder to �_ • •
<br /> ,, replace such Improvements wl?h Improvemertts o1 at least equal vaius.
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<br /> Lendora Right to Entor. Lender And ils agents and represerrtatives may entar upon the Real Proporry at a0 reasonabte times to attend to
<br /> � Lenders i�rterestv and to inspect tho Property tor purposes o}Trustor's compliance with the terms and condiuons ot this Oeed ot Trust •
<br /> _ Comptlanco wtth�ovemmental Requiromont9. Trustor shail promplry comply wtth all laws,ordtnances,and regulatlons,now or hereafter in
<br /> ettect,ot all govemmental authoritlos applicabte to tAe use or occupancy o1 the Properry, inGuding without Ilmitation, the Americans With i .
<br /> - Disabilides Ac1. Trustor may contest In good lsith any such taw,ordinance,or regutation and withhoid comptiance during any proceeding. �
<br /> mctudmg appropAete appeals.so long es Trustor has noUiled Lender in writing prior to doing so and so long as.In Lender's sole opinWn.
<br /> . ' Lendofs interesb in the Propetty are not Jeoperd�2ed. Lender may require Trustar to post edequate security or a sureiy bond, reasonably �
<br /> satlatactory to LenQer.to protecl Lender's intorest. � � � .
<br /> � Outy to ProtacR. Trustor agrees neither to abandon nor leave unattended the Property. Trustor shall do all other acts.in addiUon to thoso acts i
<br /> '�� . • set tonh above in this sectwn,which irom the character ana usa of the Property eru reasonabty necessary to protect and preserve the Property.
<br /> �� •-� DUE OH SALE-CANSEtVT BY LENDER. tsnder may,at its optlon,deciare immedletely due and payable all sums secured by this Deed of Trust • '
<br /> „ � upon the sate or transler,wlthout the L�ndeYs pdor mitten consenL ot all or any ps»of the Real Property,or any interest In the Reel FhopeRy. A
<br /> "sele or transter'means the comreyance oi Real Properry or any rlgM,title or iMerest thereln;whethar legal,heneflclal or equrteble;vihether vatuntary
<br /> � � or Invoiuntary: whether by ouUlght sate,deed,Installment sale contract,►and contract,conttact tor deed,IeaSehold lnterest wlth e tertn greatar than �
<br /> � three(3)years,lease-opt!on corttract.or by sate, flsslgnment,or transter ot any beneficial irrter9sl in or to any land trust holding Utle to the Real
<br /> Property.or by any othet method o}conveyanco of Roal PropeAy lnterost 11 erry Trustor is a corporatlon,partnership or limited liabdity campany.
<br /> �.;'�� transter also trtcmdes any change in ownership of more than iwenry-five percerrt(25%)of tha voting stock,partnership interests or limited Iiabiiity
<br /> " company interests,as ths case may be,oi Trustor. However,thls optlon shell not be exercised by Lsnder d such exarclse 1s prohitrted by feCeral
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