|
. • , . ,
<br /> • • -
<br /> , . . � �-- --- .. . �.
<br /> . ___.___..__.�._ � , , ,. , Y��
<br /> , 03-t2-999� DEED OF YRUST ..�.0�"�� Page 4 ,. � . . . , -
<br /> � (ConUnued) �� r '�
<br /> Loan H�433557 " . �
<br /> s ' ''
<br /> ` indeDtadness or the reDair ot restaraUon ot iAe PtOperly. The net proceeds of the award s�SU mean the award aftsr DaYment of ali reasonable , . .. ,-
<br /> �p,,.���sn�,g�d qgpmeys'tee5 Ineurred by Trustee or Lender in conneclion with the condemnation. i ' _
<br /> P�pCe2din¢9. If arry D�ooeedirq in condamnation is filed.Trustor shall promptty notity Lendar m wntinp,and Trustar shati prompUy talce such ,
<br /> y�tepg as may pe ne�aty to defend fRe actton end obteln the awtud Trustor may bo the nominal party in sueh proceed�ng,but Lender shalt j ;;
<br /> 6e enli�ed to pattidpate in the p�oeeediny and to he�epresented in the praoeading by�ounsel of its own ehalce,and Trustor will de��ver or E
<br /> Causo to be da8vored to I.ortde►SuCh insbume�ts es maY be requested by It hom time to time to per►rut su�h partici?8ti0a � �
<br /> ' • IMPOSITtOii Qf TAXES,FFFS AND CF4ARGE8 BY QGVERM`'HENTAL AIJTF{ORiT1ES. Y1�a toitownng prcvuions retating 10 qovernmentel taxes. ; �
<br /> fees and Chafp�are a part of this Oeed of Trust: I
<br /> (�xreat Texea.Fee�!rM Ctt#rpes. UPcn request by Lender.Truslor shaU exeaNe suCh dxuments in addition to this peed of Trust anC take � ,
<br /> � wh?�gyer pthe�gCHon is tequestOd by LenQBt to perteCl and COnU�ua Lenders lien on tiie Real Property Ttustor shell reimburse LenQer for ali
<br /> r fexe5,as descrfbed bslow.lDgetAer wlth aB ezpertses incurred in record��9. PaAecUnp or conbnuing!l�is DesO of Trust, mduding wdhout � .. ..3-
<br /> qmftation aU taxes.taes,dowmen�ryr stamps,end cther charges tor recor6ng or registedng this Desd ot Tnut-
<br /> ��fi=_
<br /> �ipcd. The toltowtr�g ahall constitute taxes lo wNcN this ssction apyGas: (a)a specifia tax upon this type of Oead of Trust or upon an or any _
<br /> , part p}the MdeD4adness secured by this Deed of Trusk (b)a speafic fax on Trw'�or which Trustor�s authorized or required to deduct trom �.< < . `
<br />, • paymerds on trie Indebtedness secured by this tYDe of Deed of Trusk (c)a tex on this type of Dead of Trust cherpeab�e a9ainst the Lender or �
<br /> the hotder of 1t�e Mot9;��d (�a Spedfa fex on 81!or any portion ot the Indebtedness or on payments of prindpel and interest mada by �
<br /> Trt�slor. .
<br /> �, � SuWequent Taoces. it any fax tn wNch th(s se�.dan appties is enaeted subsequent to the date o4 this Oeed of Trust,this evenl shell h&ve the �
<br /> t satttg git�d as er1 EYdM of�efault(es deflnsd 681ow),end lender may sxercise anY or e0 ot iis available rem�es tor an Event of Oefautt as -. •�_..
<br /> I provtded below unfess Tntstor aitAet (a)DaYS��betore ft becomes deGnqusnt,or (b)contests tha tax as DrovlQed above in the Tazes and .
<br /> 1 Liens s�ctlon and deposf�with Lender c�sh or a sufficient corporate surety bond or other security satisfactary to Lender. , • _.
<br /> . ,�..'.
<br /> i1 SECURITtt ALiREEYEljT;FlNANC�H�i STATENlEMS. The foilowing provisions relating to thfs Oeed of Trust as a security agreement are a part of : �,..... ..�
<br /> � 1 this Oeed of Tnul. � , .��
<br /> �
<br /> ' " � p��rs�pne Progp�erty.�and Lender stiaUm have aif'o!lh�et ghis osf suse.cwred paRytu der the�Unifomi Commercia�C e es amende�d fr�om lim�
<br /> Ume. �,--
<br /> : i See�trlty Interest- 11Pon roRuast by Lend9r.Trustor shelt execute financing statements and take whatever other aetion is requested by Lendar �, . `. {
<br /> tp Per{uc!gnd con�ntte Lenders seeurity�nterasl�n the Rents and Persona► Property In additlon to recorNng this Deed ot Trust in the real ��`;y- ,��_.
<br /> , . p�ppe�(y raCOrds,t.ender may,at any Ume and wilhout further authoriza6on hom Trustor,file executed counterparts,copies or reproductions ot . �i +.,
<br /> � ftds Qead of Tntst as a Bnendn7 statement. Trustor shall reimburse Lender for e11 eupenses ineurred in pe�ectinp ot continuing this security ' � t�,.,^
<br /> � ��r�s1, �Aa�da{aut�,Tnutpr shall assembte the Personal Properly in a manner end al a D�ace reasonabiy conveNent to Tnutor and Lender � �' Y
<br /> ' and make ft evaiiabla to Lender with�n three(3)days after receiDt ot written demand from Lentler. `;,��;,�
<br /> ° ' Addres�e9, Tha maCirg adctr�ses ot Trustor(debtor)and tsnder(sacured party).from which mformation conceming the secudty interest . `�
<br /> . , o ,. ,;,,t
<br /> ,. pranted by ihts Oeed of Trust may be obtained(each as required by the Uniform Commerc�al Code),are as Steted on the first page of this Oeed �'�.+,`�:�.c:. ��J
<br /> . o(Tngt. r� +ir.
<br /> The tdiowin rovisio�s relating to tuAher assu�ances and ettomay-ir�tact are a part of this � : t ��'�• .
<br /> • � �p p$$URpNCES;ATTORNEY-IN-FACT. 9 P ; .�.
<br /> , ; � Qeed oi Ttust. � �' •• ;
<br /> r ..�� ...
<br /> � fWU1��ASSUtp�Ces, At arry Ume,and hom time to 6me,upon request of Londer,Trustor Nnli make,execute and defiver,or v�lll cause to be ��
<br /> madg,executed er Celivered,to Lender or to Lende�s des�gnee,and when requested by Lender,cause to be filed,recorded,refiled, or � .• �
<br /> ; ��..
<br /> rerecwded,as the case may ba,at such dmes and in suct�otfices and placos as Lender may deem appropriate,any and atl such mortgages, �
<br /> �g p����i(y dggd5,59CUrity 8greertsents,finandng statements,continua6on statemenis,insWmants of turther assurance,ceAifiqtes,
<br /> and oU�e►Qxument3 as m8y.in the sole opiNon of Lender,be necessary or dosirable in order to eHeCtuate,compiete,pertect.continue,or `.��,;::'� .. _
<br /> ' .,� presarye (g)the obOpallon5 of Tru,tor under the Note,ihts Deed of Ttust,and the Retated DoCUments,anG (b�the itens and 58CUtity interests _ ' ;* ��� �� .
<br /> �}�by(�p�lW Ttust on the Propertlt.whether now owned or hereafter acqulred by Trustor. Unless prohibRed by taw a agrsed to ths y��.
<br /> conUary by Lender in wriUng,Tnutot Shell reimburss LeRder tor all CoSts and e�enses Incurred In conngcbon with the matters referred to in '-..---;��-4-;--� r� .1__
<br /> �0��►gA� �S.
<br /> • �,._ -
<br /> ' • Attprri�y1tt..FliCi. I!Ttusta fails to do arry o11he tNngs referred to fn the precedi�g paragraph,Lender may do So(or and in the name of . • ��--
<br /> T�and nt Trustprs expgrtsa. Fa such purposes.Tnuto►hereby Irrevoca0ty apAoints Lender as Trustors attamey-tr�faC!tor the purpose
<br /> pf rtwklrg,eoceeutir�y,Qoliyerinp,fiiinp,recotdinp,end doing sll other things as may be necessary or desirabt9,in Lenders sole opinion,lo �.�;���
<br /> aocompgsh fhe rnatters referted to in ttie procediny paragraph. �' .+:' �•.'•
<br /> � ';I�.�!��
<br /> FUl PERFORMAHCE. It Trustor pays afl the indebtedness when dus,terminates me line of credi�and ot�erwlse performs aD the obli0ations . '°'—'_�±n
<br /> impased upon Trustor und�this Deed ot Tnut,Lender shall execute and deliver to Trustae a request tor full reconveyance and shall execute and �,�I- ';•��-=_
<br /> " de6ver to Trusta suitable sfatements of termination of any Nnandny stetemenl on file ev�denanq Lender's security Interest�n tAe Rents and the � .
<br /> � perspnol propaRy,My reCOnvayanco fee requked by law shall be paid by Trustor,if permiqed by appBCable iaw.
<br /> ' OEFAILT. F.nCh of the toYOwing.at the opUOn of Lender,Shall constltute 8n event ot EefBUlt("Event of Defaulf'undar this D89d of TruSk �''����-
<br /> � • WtiWt on In6EDtedness. Fetlure of Tnistor to mske flny paymeM whea due on lhe tnQebtednes5. � �'�°�Y.���-
<br /> � p�{�pn pth�r pyments. Fellure of Trustor withln tfie dme requlred by this Deed o�Trust to make any payment ta taxes or inswance,u► :�.�s._.,T
<br /> gny ather p�yment r�,,sety to prevent f+Unp o1 or to e8ec1 disc harge o l any lien. � •''�`��
<br /> � Cpm�l�Or}pU14 F8{iure o!Trustu fo comply wilh any other term,obiigetion,covenant or condiflon contained in this Deed o1 Trust,iha `�:..___,_,
<br /> • Note a in any oi the Retated Oocuments. .. `�
<br /> FaW St�temet7U. �U W�nty,repre58nt8Uon or 5latemont made or fumished to Lender by or on bahalf of Trus�or under Ihis Oeed ot Trust, . �
<br /> � � thi Nota ot the RetatBd fT�CUmen18�S fa158 or misteading in any material respect,either now or at!he time mude or furn�sned. .
<br /> ppfeCtive Cottatef�iiiJ�7on• T1�is Oeed o}Trust w any of the Retated Oocuments ceases to be in fuil force and etteCt(including lailure ot any . .
<br />� cWtaterel documenb t0 create a velid and perfected security interest or Iien)at any fime and for any reason. •- ��
<br /> p�at�pt fnsptyetwy, The death ot Trustor,ihe ia5olvency of Trustor,ihe appointment ot a rea3ive�tor any paA of Trustor's proAenY.any • _
<br /> . asslpnment tor tha benefit of crflQtors,anY type of creditor workout,o� the commencement of any praceeding under any benkruptcy a -
<br /> InSdwneY IavVS by or aselnsl TtuSt W.
<br /> ipteCip�n,iafNture,�te. CommenCemenl ot toredosure or forteiture proceEdings,whether by Judiciel O�oC6edin0�self-he1D.repossesslon � . ,
<br /> pr any pthw method,by arry aedtor of Trustor a by any povarnmental agency against eny of the Property. However,this subseCUon shall not
<br /> � ' appiy in the event Ot a good faflh dfspute by Tnistor as to the vaiidity or reasonabteness of the claim wlsiCh Is the hasis o1 the toreciosure or �
<br /> fa�ituro proceedtop.proNded that Trustor ghres lender written no6ce of suCh cialm and furnishes reserves or a surety bond for ihe Galm _._
<br /> � saflSfaCtn►Y to Lendor. .
<br /> .�..,:
<br /> BtOich Of 0lhef AgeCmEnt. Any breaCh by Trustor under the terms of eny other agreement between Trustor and Lender that IS not remedled
<br /> , wilhin qny qtaCe patlod pro�d9d thereln,inCluding withoul Ilmitation any agroement Concerning t3ny indebtednass or other obligatlon ol TrustOr . _
<br /> to lender,whether e�dsUny now w tater. �
<br /> ;�p�j pe�pmgs inCpmpgignl,ot evOkes or�disputes the vNiad�ity ot,NOh�bpty under,any Guarantytof the indabtedn t�neL�e 8 IGtsuophonr . ---
<br /> mty,bul ShaH not be requked t0.p6��1 1he Gutuentors estate to essume unconditionaliy the obligaUOns adsing under the gueranty m a � _- .
<br /> � manner snNstactory to Lender,an0,in doing so,cure Ihe Event o1 Defauu. i � -
<br /> InaeeuAty. Lender In poo0 faith deems itsetl tnsecure. ' � �.•
<br /> � F]dstfpp Indeh1edne3�. A detau8 shell occur under any Ewsting Indebtednes5 or under any instrument on ihe Property seturing any Exfsling i . }._---;
<br /> F]d tt
<br /> J Indebtedness.a commenCement o1 eny suit or other aCt�on lo torecloss any eaisUng hen on the Property. � ' �
<br /> � Rlght t0 Cute. If Such n faiture is cureble and if Trustor has noS bean g�ven e notice of a breach ot tne seme pro+nsion o�tn�s Daed o}Trust
<br /> �•�
<br /> � � wilhin fhe prACSding twelve(12)months.il may be cWed(end no Eveni ot Defautl wdi have occurredJ it Trustor,aftet Lender 5ends wnften � _
<br /> notiCe demending Cute of such fedure: (a)Cures iho fadure w�ihm fifleen (15)days;or (b)if the cure requues more than fiNeen(15)days,
<br /> � ImmedlBteN IniUates SteDS SufflGent t0 Cure the(&ilure and ih3reafter Conhnues and COmptetes al1 reasonabis end neCeSSSry steps suf8aent t0 i
<br /> � produce coroA�ance as soon as reasonabry pracecst. � . , � . . �
<br /> • ' � , . �-
<br /> . . �_.�
<br /> . .. ._. _. _.�:':T;,.. . •- � ,.�. �:.
<br /> _ LL ; . . . . .
<br /> _..._r. ,. . . ^--^----�—. . .. . .
<br /> _ .. � .. . . .
<br /> � , . ' ..� ' • �. , . '° . `. i . . �. , , . . . . +. . .� �. • � • . ' � . ,
<br />
|