|
_ 1..,:-t.__ . . . .`.�.• 1G .�.L:'_s=
<br /> . .a .. .. . . � .• . .
<br /> �' ': . . _-_ . ' _ - __ _ - -_ -
<br /> .- . `�li- < _ " _ . � � ` - ' _�
<br /> .l . - " , �. . . . . {t p..'.
<br /> t 3 •q __..�..�-.�.... � �.�1dYY._�� .�.— � __.�i.y_ i.. ' --�.�.. — . _. _`' � �a_ . �_��.�.5�...� .`_ '_. . '_�__���. i.. - � •, C�.,.�. a�};_
<br /> - � .C` `'� J . . . . .
<br /> ,� - J� 03-18-1998 DEiE�OF TRUST • Pege 4 - _� � <, � .
<br /> � � � ���o��s ���nu�� 9�— ����� ����. ,_ `+ � �. �
<br />_ � �
<br /> ' proddsd betow urdffis Tnistar efther (8)pays dts tax batore ft Decomes da0nquerd,or(D)ContBSts the tax as proivid8d above in the Texes and , � ��"`
<br /> •F`..
<br /> ... . .- Uens seeUon and depa�wfth Lende►cash or a suffident corporate surety bond or other seaaity satisfactory to LenQer. .._ . ^ , .
<br /> � . . . gEql�ilTY AGR�'fBJY:FIldAtdCiNG STATE[A83TS.The toIImving Provtsians relatlng to tNS Oead of 7nist as a seGaity agresmertit are a part of . � •
<br /> ' � '. thls0eedolTnut '` `";�.; '" ` .
<br /> � SeWrttY Qgreement ThLs instrument stiati cor�stitute a sec�ath agreement to the e�ent az►y ot the ProDertY consGtutes fndures m other �,, . .
<br /> � r� � � personal propeRY,and Lender shsll have ait of fhe AgMs o1 a seciued DertH under�e UnHorm Cammerdal Cods es amended trom 8me to ' , , �
<br /> � � �'` tlme. ` <� , .
<br /> , Sequity irtter8sl. Upon cequest by Lend�r.Trnstor sha8 e�cute finendng sta�amsr�and take whaEaver other adion ts requssted by Lender _ . . ,
<br /> , • to peAed and co�inue Lendefs s�ty int�r�t in tha Rants and Pe�sonal PropeAY. In addRlon to�ecording ttu's Oaed ot Tnut in the real Y ,
<br /> '.,.;�_��. property records.Lender maY.at arry tlme and without fuRher aathariza8on from Trusfor,fi!!e executed courderparts,coptes ar r�rodue6ons ot
<br /> this Deed of Trust a�a Bnandng stsfemBnL Tnstor sha0 reimburse lender tor aD e�enses incurred'm PeAedEn9 ar cor�tinuing Uds seeurityr - -.. _
<br /> - -• interest Upon delaedt.Trustor shaR assem6te tlte P9ersonal PropastY in a ma�u+ar end at 8 Pis�reasonaEty comieatent to Tncstar and Lender ��_ _ --
<br /> a n d c n a l c e t i a v a i f a b t e t o L e n d e r within three(3)da y s aft�r�efpt of wriiten demand irom Lender. •*f. � . �
<br /> v . ',
<br /> . gtgnteQ d by t�Deed o�f T�ust ma�y be obtained c�as�a�ay me Un(form C�or merCisl Code),are as�steted on Nie�Hrsl pa8e ot t�i � � �t_ _ �� ' ``_�
<br /> a . d
<br /> _ ot Ttusl. °. •.
<br /> �,,r.�i+-���.
<br /> : ' . FUATHER ASSURANCES:A7TORNEY—lN-FACF. The tol►owing provisiorts retstlng to further essurances and attomelNn-tect are a part of t�is - , r ,�.
<br /> _ � Deed ofTn�st �,�.t�.�
<br /> �
<br /> `' ` FuAher Asstumteea At arty Ume.end trom 6me to 9me.W on request of Lend�.Tn�tot wID make.ex�ute and deGve.or v r�cause to be �A�
<br /> • � maQs,�d or deIIvered,to Lender ar tu Lendets designea,and when requested by Lender.cause to be fileQ�ec�rded.refiffed,or •
<br /> t � � rerecorCad.as the cese maY be,at suct►times and in such o�and ptaces as Lender may deem aypropriate.eny and a0 s�,�ch mortgages, � -r . •
<br />- deeds of trust.security deeds,SacuritY a�eemerds.finandag siatame�.cantfius�on sffitemeMS.Instrumerds ot further assurartca.cer66�, •Y,`
<br /> � � `� and other documents as may,in the sole opinian of Lender.be necessecyr or deshab►e in order to eNectuate.coroA�ete,perfec►.conttnue,m ' .:�'�a����_
<br /> . 1 preserve (a)the obiigations ot TrwKor under the Note,thfs OeeO ot Trust,and the Relatad Oocuments,and (b)the Qens and seo�►interests • `�.. �"
<br />— c�eatad hy this Deed of Tnist as first and prior Gens on the Property,whether now owned or hereafter acquhed by Trustor. Unless pr6h(bi�ed by , � Z
<br /> � . - taw or egreed to ihe canlrary by Lender in vrtRing,Tn�stor s�tail reimburse landet tor eA costs and expenses Incurted in eonnecHon wiTh the � '+�,��:
<br /> . matte�s reterred to in this para�aPh• , �:�..:.
<br /> • • Attomey-In-Fed. �f Trustor faits to do azry of the things referred to in the praceding paragraph,Lender may do so for ej►d tn 1he name of ' ,_ '
<br /> �� • � Tiustor end at Tmstor's e�ens9. For sucb purya�s.Tnutor hereby trrevocabiy appoir�ts Lender as Trustors attoms]H�1 for the PurDa�e . � '.:-;;....�
<br /> � � � ot maidng,mcecWng,defiverfng,fiflng,recording.and dot�aii other Wngs es may be necessaryr or desirabTe,in Lenders so[e opTNon,to __ : ' �--�.-—
<br /> , � eccompi'�h the matters referred to in the preceding peragrapb• � ?t'
<br /> • � ��. FULI,pFAFppMAKCE. It Tnistor pays ell the indebtedness when due,tetminates the�ne at aed'il.end otherw�e peAortns eU the obOgatlans • •.�t.�'=�
<br /> ' � imposed upon Trustor undet this Deed otTrust,Lender sheU execute and Qenver to Trustee a request tar fuU reconveyanoe and shaD execute and - - .---_`=_,�,,_
<br /> � deliver to Tnistor suitabte statemenis o!tertninatlon ot any finandng statement on ae e�tdenctng Lenders security interest In ihe Rents end ihe , �`�.• � -
<br /> , .: ._ Personal Praperly. Asry rec:onveyance fee requlred by taw sha11 be pald by Trustor.lf permrited by apppcab►e law. _-... =�;�'-
<br /> . _�1. _
<br /> ' � OEFAIAT. Each ot the followtng,at the apUon Of Lender,shatl constitute an eveM o}d0fauit("Everd of Oefaully under this Oaed of Tnisk • � �',
<br /> � pefauit on(ttaebtednes9. Failure at Trustor to make any payment when due an the Indebtednas.s. , =t_��r;
<br /> ' Oefaltlt on OtAer Payments. Faiture of Trwtar within the Ume requUed by this Oeed of 7rust to make arry payment(or fexes ar insurance,ur . � '. i:'. "��„'�'
<br /> • : . . any other poyment neoessary to preverd fiting of or to eHect discharge of atry flen. ,� ''"�`"
<br /> ,• .�;,.•� . ..
<br /> a Z ii J':
<br /> �'o-.-..
<br /> � � Cpmpllance petatAl. Faiture of Ttustor to comply wrih eny other term,obligstion.covenant or condi6on Contelned In thls Deed W Tnbi,fAO _ :�;�
<br /> ' lVOte m in any of ihe Re(ated Documenb. . � : � �
<br />, �� � i Felse Statements. My wa�ranty.rapresentatlon or statement made or fumished to LenQer by or on behalf of Trustor under this Deed o}Tn�sF. � , ^;;
<br /> ' � i the Note or tfie RelateA Documents is feLse or mfstea0ing in any matertai respect,either now or at the Ume made or futnlshed. :,��;'��'
<br /> ,i � 1 Oetecdve CoffatetalixatioA. This Desd ot Trust or any of ihe Retated pocuments ceases to be in tu0 force and eNect(induding tallure of eny . _
<br /> , cotiaterat dxumenls to aeate a vaiid and pertected secuntY interest or Uea)at eny time and for any reason. �°�:`-_
<br /> _- _� •. . , •r ,_,�_:>
<br /> ' 08ath or fnsaiveney. The death of Trustor or the d'�ssolWon or termination ot Tnutots existence as a going business,tha insolvency of � � ,;.:-,;
<br /> . . � �, Trustor,the appoir�ment of a receiver for any part of Tnistors propeRy,any assignment for the benefit ot cre�itors.any lype of creditor watkoul. ;;,_.•-..
<br /> or the commertcement o}arry proceeding under any bankruptcy or insotvency laws by ot agetnst Trustor. . , , . .
<br /> Forecbsare,FoAeiture,ete. Commencement ot foreClosure or torfeitute proceedings,whether by judicial proceedfng,sel�heip,repossesston . � _••: ,
<br /> j;;, or any otho�melhod.by any creditor of Tnutor or by any govemmenTal egency agatest any o}the Praperly. However,thts subsecdon sheII not .
<br /> appry in the evenl o}p good faith dispute by Trustor as to the valldity ar reasonableness o}the dalm whkh IS the basis o}the for�ctosure or
<br /> • forefeiture proceeNng,proviQed that TrustOr gives Lender wrilten noUce o}such ctalm and lumishes resenres ar a surety bond for the claim , ,
<br /> � saUStacrory to Lender. ,
<br /> � Breach ot Other Agreement. Any breach by Trustor under the terms ot any athar egreement betwean 7rustor and Lender that b not remedied ... .. ,
<br /> • :.� wrihin any grace perfod provided lherein,inGuding w(thout Iimitatlon any a�eemeM conceming any indebtedness or other obligation of Trustar �
<br /> to Londer,whether e�dsUng now or tater.
<br /> EvBnta AHeCUng Guatantar. Any of tAe preCeding events occurs wttb respect to any(ivarantor of any of ihe Indebtednes9 or 8ny tivarantor � . , .
<br /> dies or becomes Incompetent,or revokes or disputes the validiry of,or Itabmty under,any Quaranty of the Indebtedness. l.ender,at its opUOn,
<br /> � ' � may,but shall nol be required to,permit ihe Quarantar's estate to assume unconCitlonalty the obligations erising under the guaranty in e •• . :
<br /> manner saUsfactory to Lender,and,in doing so,cure the Event ot OefauN.
<br /> tnseWrlry. LsnGer In good fafth deems itself insecure.
<br /> � � � RI�t to Cure. It such e failure 1s curabte and H Trustor has not 6een glven a notice of a breach of the samo provfslan o1 this�eed of Trust � �
<br /> i within the preceding 1weNe(12)months,it may be cured(and no Event of De}aNt w(11 have aaurred)(t Trustor,after Lender sends vrtitten . . •
<br /> � no�ce demanding cure of such faiiure: (a)cures the faiture withln flReen(15)days:or (b)if the cure requlres more than fifteen(tb)days, � �
<br /> �.,� � _ immedtatety iniUates steps suHlGent to cure the failure and thereafter conUnues and comptetes all reasonabie and necessary staps sutflclenl to , ,
<br /> I produce compliance as saon es�easonabty practical.
<br /> • RI(iHTS AND REMEDIES OH bEFAIILT. Upon fh9 occuaence ol any Event of Oefault and af any Ume thereafter,Trustee or lender,at ib opNon, . . , . .
<br /> � � may exerdse any one or more o}the foifowing rights and remedies,In addition to any other dghts or remedies provlded by law: ;
<br /> � Acceferatlon upon Detault;Addlttonaf Remedles. If anY event of defaNt oocurs as per the terms of t�e Note secured hereby,lender may
<br /> declare a11 lndebledness secured by this Deed oT Trust to be due and payable and tha same shall thereupon become due and payable wHhoul
<br /> , j any presentment,demand,protest or noUce of any k1�d. Thereatter,Lender may:
<br /> � I (a) Eilher In person or by agent,vnth or wlthout brtngtng any aetion or proceeding,or by a receiver appolnted by e couA and without
<br /> � regard to the adequacy of its secunty,enter upon and take possesslon of the Proporty,or any paA thereo},in its own name or in tha neme �
<br /> ol Trustee,end do any acts which it deems necessary or desirable to preserve ine vatue,mertcetability or rentabifity of the Properly,or parl
<br /> of the Property or Intorest in the Property;increase fhe tncome hom the Proporty or protect the security ot the Property;and,with or withoul . .
<br /> taking poss�ssssion ot the Proparry,sue for or otherwiss collect the rents,issues and pro6ts ot the Praperty.including those past due and .
<br /> ' � unpald,and appry the ssme,tess costs ana expenses ot operaUon and collecllan,inctuding attorneys'fess,to any InCebtedrtess secured �
<br /> • � � by thls Daed of Trust,all in such order as Lender may de!ermine. The entering upon end taking possession of the Property.the collectlon � � .
<br /> of such renfs,issues and profits,and the appticallon thereof st�ait not cure or waive any default or notice of deffiull under Ihis Deed o}Trust .
<br /> . or Invalidate eny act done in response io such detault or pursuant to such noflce o}delaulh,and,notv�ithst8nding the Conilnuence In �� � ,
<br /> . possesslon of the Property or the collectlon,recelpt and appucatlon of rents,issues or profits,Trustee or LsnQer shall be enGUed to .
<br /> exercl5e every�igh1 provided for In the Note or the Related Oocuments or by iavi upon the occurcence o!eny evgn!oi�Qfq�Al,Inciuding the f . .
<br /> � .:� nght to exerclse ihe power o1 snle; ,_
<br /> � ' (b) Commence an acUon to tareclose this Deed of Trust as a mortgage,appolnt e reCeiver or spectiflcally entoice any o}the Covenants i �
<br /> hereol:snd � •
<br /> � (c) Dehver to Trusleo a wntten declarafion o1 deiauit anG demand for Sale and a wntten notfCe of de}aufl and eleCtion to cause Trustor'S i
<br /> �' ' ' mterest�n the Properiy to be sold.which nohce Trostee shall cause lo be duty f�led tor reCOrd m the appropr�ate oPoces o1 the County m � , �
<br /> , i
<br /> ... . , • • Y - -. .. .._.'�.____ '
<br /> . . '_ • .. _L . . � J: - . . . r . .�,� , . . .. ' ` • • '� ti(I . 1,
<br /> � �.1± :t i ��)..:1F_ b'r.,:i:a\•i�i�-i�'t� �S 5:�` i�.Z..�.''. .�:l�Ql"d:i� �..s6i:uap+.�a ',1- 7- ..... .
<br /> •�..4..-.-��" °-."•'_�._:e:�.c.,:e'�._. I""T"n +�+'r� _+�.,"+@!M'L.9'+-�� �+r'�.:= �,et�=:/%t fi�-_..._..'.� `�'' �°���� J"• n __�..----,.�•-�. '-1_�
<br /> ...._ _� -__.i. _u__
<br />
|