3877130
Transcript of 3877130
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DOC #3877130
04/30/2010 04:57:01 PM
ElectronicRecording Requested WESTERN TITLE INC RIDGE
Washoe County RecorderThe undersignedhereby affirmsthatthis Kathryn L. Burke
- Recorderdocument submittedforrecordingdoes not Fee: $31.00 RPTT: $0containany personalinformation' Page 1 of 18
Assessor ParcelNois): 085-261-38 &085-261-41 & 085-261-41
RECORDATION REQUESTED BY:
WHEN RECORDED MAIL TO:
PLUMAS BANK, TRUCKEE BRANCH, 11638 DONNER PASS ROAD, TRUCKEE, CA 96161
SEND TAX NOTICES TO:
HighlandStores,Inc;5690 Sun ValleyBoulevard;Sun Valley, NV 89433
FOR RECORDER'S USE ONLY
DEED OF TRUST
THIS DEED OF TRUST is dated April 23, 2010, among Highland Stores, Inc, a Nevada
Corporation ("Grantor");PLUMAS BANK, whose address is TRUCKEE BRANCH, 11638
DONNER PASS ROAD, TRUCKEE, CA 96161 (referredto below sometimes as "Lender" and
sometimes as "Beneficiary");and Western TitleCompany, whose address is 241 Ridge St.,
Suite100, Reno, NV 89501 (referredto below as "Trustee").
CONVEYANCE AND GRANT. For valuableconsideration,Grantor irrevocablygrants,bargains,
sellsand conveys to Trustee with power of saleforthe benefitof Lender as Beneficiaryallof
Grantor'sright,title,and interestin and to the followingdescribedrealproperty,togetherwith
all existingor subsequently erected or affixedbuildings,improvements and fixtures;all
easements, rightsof way, and appurtenances;allwater, water rightsand ditchrights(including
stock in utilitieswith ditchor irrigationrights);and allother rights,royalties,and profitsrelating
to the realproperty,includingwithout limitationallminerals,oil,gas, geothermal and similar
matters,(the"Real Property")locatedinWashoe County, Stateof Nevada:
See EXHIBIT "A", which isattachedto thisDeed ofTrustand made a partof thisDeed of
Trustas iffullyset forthherein.
The Real Property or itsaddress is commonly known as 5690 Sun Valley Boulevard,Sun
Valley, NV 89433.
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DEED OF TRUST
Loan No: 6765-00757 (Continued) Page 2
Grantorpresently,absolutely,and irrevocablyassigns to Lender (alsoknown as Beneficiaryin
thisDeed of Trust)allof Grantor'sright,title,and interestin and to allpresent and future
leasesof the Propertyand allRents from the Property. In addition,Grantorgrantsto Lender aUniform Commercial Code securityinterestinthe PersonalProperty.
THIS DEED OF TRUST, INCLUDING THE ASSIGNMENT OF RENTS AND THE SECURITY
INTEREST IN THE PERSONAL PROPERTY, IS GIVEN TO SECURE (A) PAYMENT OF T HE
INDEBTEDNESS INCLUDING FUTURE ADVANCES AND (B) PERFORMANCE OF ANY AND ALL
OBLIGATIONS UNDER THE NOTE, THE RELATED DOCUMENTS, AND THIS DEED OF TRUST.
THIS DEED OF TRUST ISGIVEN AND ACCEPTED ON THE FOLLOWING TERMS:
PAYMENT AND PERFORMANCE. Except as otherwiseprovidedinthisDeed of Trust,Grantor
shallpay to Lender allamounts secured by thisDeed of Trust as they become due, and shall
strictlyand ina timelymanner performallof Grantor'sobligationsunder the Note, thisDeed of
Trust,and the RelatedDocuments.
STATUTORY COVENANTS. The followingStatutoryCovenants are hereby adopted and made apartof thisDeed of Trust: Covenants Nos. 1, 3, 4, 5, 6, 7, 8 and 9 of N.R.S. 107.030. For
Covenant 4, upon default,includingfailureto pay upon finalmaturity,the totalsum due under
the Note willcontinueto accrue interestat the interestrate under the Note. However, inno
event willthe interestrateexceed the maximum interestratelimitationsunder applicablelaw.
The percent of counsel fees under Covenant No. 7 shallbe ten percent(10%). Except for
Covenants Nos. 6, 7, and 8, to the extentany terms of thisDeed of Trustare inconsistentwith
the StatutoryCovenants the terms of thisDeed of Trust shallcontrol. Covenants 6, 7, and 8
shallcontrolover the expressterms of any inconsistentterms of thisDeed of Trust.
POSSESSION AND MAINTENANCE OF THE PROPERTY. Grantor agrees that Grantor's
possessionand use ofthe Propertyshallbe governed by the followingprovisions:
Possessionand Use. Untilthe occurrenceof an Event of Default,Grantormay (1) remain
inpossession and controlof the Property; (2) use, operate or manage the Property;and
(3) collectthe Rents from the Property.
Duty to Maintain. Grantorshallmaintainthe Propertyin tenantableconditionand promptly
performallrepairs,replacements,and maintenance necessaryto preserveitsvalue.
Compliance With EnvironmentalLaws. Grantor representsand warrants to Lender that: (1)
During the period of Grantor's ownership of the Property,there has been no use,
generation,manufacture,storage,treatment,disposal,releaseor threatenedreleaseof any
Hazardous Substance by any person on, under, about or from the Property; (2) Grantor
has no knowledge of, or reason to believethat there has been, except as previously
disclosedto and acknowledged by Lender in writing, (a) any breach or violationof any
EnvironmentalLaws, (b) any use, generation,manufacture,storage,treatment,disposal,
releaseor threatenedreleaseofany
Hazardous Substance on, under, about or from the
Propertyby any priorowners or occupants of the Property,or (c) any actualor threatened
litigationor claimsof any kind by any person relatingto such matters;and (3) Except as
previouslydisclosedto and acknowledged by Lender inwriting,(a) neitherGrantor nor any
tenant, contractor,agent or other authorizeduser of the Property shalluse, generate,
manufacture,store,treat,disposeof or releaseany Hazardous Substance on, under, about
or from the Property;and (b) any such activityshallbe conducted in compliance with all
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DEED OF TRUST
Loan No: 6765-00757 (Continued) Page 3
applicablefederal,state, and locallaws, regulationsand ordinances,includingwithout
limitationallEnvironmentalLaws. Grantor authorizesLender and itsagents to enter upon
the Propertyto make such inspectionsand tests,at Grantor'sexpense, as Lender may deem
appropriateto determine compliance of the Propertywith thissectionof the Deed of Trust.
Any inspectionsor testsmade by Lender shall be for Lender'spurposes only and shallnot
be construed to createany responsibilityor liabilityon the part of Lender to Grantor or to
any other person. The representationsand warrantiescontained herein are based on
Grantor'sdue diligencein investigatingthe Property for Hazardous Substances. Grantor
hereby (1) releasesand waives any future claims against Lender for indemnity or
contributionin the event Grantor becomes liablefor cleanup or othercosts under any such
laws; and (2) agrees to indemnify,defend,and hold harmless Lender againstany and all
claims,losses,liabilities,damages, penalties,and expenses which Lender may directlyor
indirectlysustainor sufferresultingfrom a breach of thissectionof the Deed of Trustor as
a consequence of any use, generation,manufacture,storage,disposal,releaseor threatened
releaseoccurringpriorto Grantor'sownership or interestinthe Property,whether or not the
same was or should have been known to Grantor. The provisionsof thissectionof the
Deed of Trust,includingthe obligationto indemnifyand defend, shallsurvivethe payment
of the Indebtednessand the satisfactionand reconveyance of the lienof thisDeed of Trust
and shallnot be affectedby Lender'sacquisitionof any interestin the Property,whether by
foreclosureor otherwise.
Nuisance, Waste. Grantor shallnot cause, conduct or permit any nuisance nor commit,
permit,or sufferany strippingof or waste on or to the Propertyor any portionof the
Property.Without limitingthe generalityof the foregoing,Grantorwillnot remove, or grant
to any other partythe rightto remove, any timber,minerals(includingoiland gas),coal,
clay,scoria,soil,gravelor rockproductswithoutLender'spriorwrittenconsent.
Removal of Improvements. Grantor shallnot demolish or remove any Improvements from
the Real Propertywithout Lender'spriorwrittenconsent. As a conditionto the removal ofany Improvements, Lender may requireGrantor to make arrangements satisfactoryto
Lender to replacesuch improvements with improvements of atleastequalvalue.
Lender'sRight to Enter. Lender and Lender'sagents and representativesmay enter upon
the Real Propertyat allreasonabletimes to attend to Lender'sinterestsand to inspectthe
Real Propertyfor purposes of Grantor'scompliance with the terms and conditionsof this
Deed of Trust.
Compliance with Governmental Requirements. Grantorshallpromptly comply with alllaws,
ordinances,and regulations,now or hereafterin effect,of allgovernmental authorities
applicableto the use or occupancy of the Property,includingwithout limitation,the
Americans With Disabilities Act. Grantormay contest in good faithany such law,
ordinance, or regulationand withhold compliance during any proceeding, including
appropriateappeals,so long as Grantorhas notifiedLender in writingpriorto doing so andso long as, in Lender'ssole opinion,Lender'sinterestsin the Propertyare not jeopardized.
Lender may requireGrantor to post adequate securityor a surety bond, reasonably
satisfactoryto Lender,to protectLender'sinterest.
Duty to Protect. Grantor agrees neitherto abandon or leave unattended the Property.
Grantor shalldo allother acts,in additionto those acts set forthabove in thissection,
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DEED OF TRUST
Loan No: 6765-00757 (Continued) Page 4
which from the characterand use of the Propertyare reasonablynecessaryto protectand
preservethe Property.
TAXES AND LIENS. The followingprovisionsrelatingto the taxes and lienson the Propertyare
partof thisDeed of Trust:
Payment. Grantor shallpay when due (and in allevents priorto delinquency)alltaxes,
specialtaxes, assessments, charges (includingwater and sewer), finesand impositions
leviedagainstor on account of the Property,and shallpay when due allclaimsfor work
done on or for servicesrendered or materialfurnishedto the Property. Grantor shall
maintainthe Propertyfree of alllienshavingpriorityover or equal to the interestof Lender
under thisDeed of Trust,except forthe lienof taxes and assessments not due and except
as otherwiseprovidedinthisDeed of Trust.
Right to Contest. Grantor may withhold payment of any tax, assessment, or claim in
connectionwith a good faithdisputeover the obligationto pay, so long as Lender'sinterest
in the Propertyis not jeopardized. Ifalien arisesor is filedas a resultof nonpayment,Grantor shallwithinfifteen(15) days afterthe lienarisesor,ifalien isfiled,withinfifteen
(15) days afterGrantor has notice of the filing,secure the dischargeof the lien,or if
requested by Lender, deposit with Lender cash or a sufficientcorporatesurety bond or
other securitysatisfactoryto Lender in an amount sufficientto dischargethe lienplus any
costs and attorneys'fees,or othercharges thatcould accrue as a resultof a foreclosureor
saleunder the lien.In any contest,Grantorshalldefend itselfand Lender and shallsatisfy
any adverse judgment beforeenforcement againstthe Property. Grantorshallname Lender
as an additionalobligeeunder any surety bond furnishedinthe contestproceedings.
Evidence of Payment. Grantorshallupon demand furnishto Lender satisfactoryevidenceof
payment of the taxes or assessments and shallauthorizethe appropriategovernmental
officialto deliverto Lender at any time a writtenstatement of the taxes and assessments
againstthe Property.
Notice of Construction. Grantor shallnotifyLender at leastfifteen(15) days before any
work is commenced, any servicesare furnished,or any materialsare supplied to the
Property,if any mechanic's lien,materialmen'slien,or other liencould be asserted on
account of the work, services,or materials.Grantor willupon requestof Lender furnishto
Lender advance assurances satisfactoryto Lender thatGrantor can and willpay the cost of
such improvements.
PROPERTY DAMAGE INSURANCE. The followingprovisionsrelatingto insuringthe Property
area partof thisDeed of Trust.
Maintenance of Insurance.Grantorshallprocureand maintainpoliciesof fireinsurancewith
standard extended coverage endorsements on a replacement basis for the fullinsurable
valuecovering
allImprovements
on the RealProperty
in an amount sufficientto avoid
applicationof any coinsuranceclause,and with a standard mortgagee clause in favor of
Lender. Grantorshallalsoprocureand maintaincomprehensive generalliabilityinsurancein
such coverage amounts as Lender may requestwith Trustee and Lender being named as
additionalinsuredsin such liabilityinsurancepolicies.Additionally,Grantor shallmaintain
such other insurance,includingbut not limitedto hazard,business interruption,and boiler
insurance,as Lender may reasonablyrequire. Policiesshallbe writtenin form, amounts,
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DEED OF TRUST
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coverages and basis reasonably acceptable to Lender and issued by a company or
companies reasonablyacceptableto Lender. Grantor,upon requestof Lender,willdeliverto
Lender from time to time the policiesor certificatesof insurancein form satisfactoryto
Lender,includingstipulationsthat coverages willnot be cancelledor diminishedwithout at
leastseven (7)days priorwrittennoticeto Lender. Each insurancepolicyalso shallinclude
an endorsement providingthatcoverage in favor of Lender willnot be impairedin any way
by any act,omission or defaultof Grantor or any otherperson. Should the Real Propertybe
located in an area designated by the Directorof the Federal Emergency Management
Agency as a specialfloodhazard area,Grantor agrees to obtainand maintainFederalFlood
Insurance,ifavailable,within45 days afternoticeis given by Lender that the Propertyis
locatedin a specialfloodhazard area,forthe fullunpaid principalbalance of the loan and
any priorlienson the propertysecuringthe loan,up to the maximum policylimitsset under
the NationalFlood InsuranceProgram, or as otherwise requiredby Lender,and to maintain
such insuranceforthe term of the loan.
Applicationof Proceeds. Grantorshallpromptly notifyLender of any lossor damage to theProperty.Lender may make proofof lossifGrantorfailsto do so withinfifteen(15)days of
the casualty. Whether or not Lender's securityis impaired,Lender may, at Lender's
election,receiveand retainthe proceeds of any insuranceand apply the proceeds to the
reductionof the indebtedness,payment of any lienaffectingthe Property,orthe restoration
and repairof the Property. IfLender electsto applythe proceeds to restorationand repair,
Grantor shallrepairor replace the damaged or destroyed improvements in a manner
satisfactoryto Lender. Lender shall,upon satisfactoryproof of such expenditure,pay or
reimburse Grantor from the proceeds for the reasonablecost of repairor restorationif
Grantor is not in defaultunder thisDeed of Trust. Any proceeds which have not been
disbursedwithin 180 days aftertheirreceiptand which Lender has not committed to the
repairor restorationof the Propertyshallbe used firstto pay any amount owing to Lender
under thisDeed of Trust,then to pay accrued interest,and the remainder,ifany, shallbe
appliedto the principal balance of the Indebtedness. IfLender holds any proceeds after
payment in fullof the indebtedness,such proceeds shallbe paid to Grantor as Grantor's
Interests may appear.
Grantor'sReport on Insurance. Upon request of Lender, however not more than once a
year,Grantor shallfurnishto Lender a reporton each existingpolicyof insuranceshowing:
(1) the name of the insurer;(2) the risksinsured;(3) the amount of the policy;(4) the
propertyinsured,the then currentreplacementvalue of such property,and the manner of
determiningthat value;and (5) the expirationdate of the policy. Grantor shall,upon
requestof Lender,have an independentappraisersatisfactoryto Lender determinethe cash
value replacementcostof the Property.
LENDER'S EXPENDITURES. Ifany actionor proceeding iscommenced that would materially
affectLender'sinterestin theProperty
or ifGrantor failstocomply
withany provision
of this
Deed of Trust or any Related Documents, including but not limitedto Grantor'sfailureto
dischargeorpay when due any amounts Grantor isrequiredto dischargeor pay under thisDeed
of Trustor any RelatedDocuments, Lender on Grantor'sbehalfmay (butshallnot be obligated
to)take any actionthat Lender deems appropriate,including but not limitedto dischargingor
paying alltaxes,liens,securityinterests,encumbrances and otherclaims,at any time leviedor
placed on the Property and paying allcosts for insuring,maintainingand preservingthe
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DEED OF TRUST
Loan No: 6765-00757 (Continued) Page 6
Property. Allsuch expendituresincurredor paid by Lender for such purposes willthen bear
interestat the ratecharged under the Note from the date incurredor paidby Lender to the date
of repayment by Grantor. Allsuch expenses willbecome a part of the Indebtednessand, atLender'soption,will (A) be payableon demand; (B) be added to the balanceof the Note and
be apportionedamong and be payable with any installmentpayments to become due during
either (1) the term of any applicableinsurancepolicy;or (2) the remainingterm of the Note;
or (C) be treatedas a balloonpayment which will be due and payable at the Note's maturity.
The Deed of Trustalsowillsecurepayment of these amounts. Such rightshallbe inadditionto
allotherrightsand remedies to which Lender may be entitledupon Default.
WARRANTY; DEFENSE OF TITLE. The followingprovisionsrelatingto ownership of the
Propertyarea partof thisDeed of Trust:
Title.Grantor warrants that: (a)Grantor holds good and marketabletitleof recordto the
Propertyin fee simple,free and clearof allliensand encumbrances other than those set
forthinthe Real Propertydescriptionor in any titleinsurancepolicy,titlereport,or finaltitle
opinionissued in favor of,and accepted by, Lender inconnection with thisDeed of Trust,
and (b)Grantor has the fullright,power, and authorityto execute and deliverthisDeed of
Trustto Lender.
Defense of Title.Subject to the exception in the paragraph above, Grantor warrants and
willforeverdefend the titleto the Propertyagainstthe lawfulclaimsof allpersons. In the
event any actionor proceedingiscommenced that questionsGrantor'stitleor the interest
of Trusteeor Lender under thisDeed of Trust,Grantor shalldefend the actionat Grantor's
expense. Grantormay be the nominalpartyinsuch proceeding, but Lender shallbe entitled
to participatein the proceeding and to be representedin the proceeding by counsel of
Lender's own choice,and Grantor willdeliver,or cause to be delivered,to Lender such
instrumentsas Lender may requestfrom time to time to permitsuch participation.
Compliance With Laws. Grantor warrants that the Property and Grantor'suse of theProperty complies with all existingapplicable laws, ordinances, and regulationsof
governmentalauthorities.
Survival of Representations and Warranties. All representations,warranties, and
agreements made by Grantor in thisDeed of Trust shallsurvivethe executionand delivery
of thisDeed of Trust,shallbe continuingin nature,and shallremain in fullforceand effect
untilsuch time as Grantor'sindebtednessshallbe paid infull.
CONDEMNATION. The followingprovisionsrelatingto condemnation proceedingsare a partof
thisDeed of Trust:
Proceedings. If any proceeding in condemnation is filed,Grantor shall promptly notify
Lender in writing,and Grantor shallpromptly take such steps as may be necessary to
defend the action and obtain the award. Grantormay
be the nominalparty
in such
proceeding, but Lender shall be entitledto participatein the proceeding and to be
representedin the proceeding by counsel of itsown choice,and Grantor willdeliveror
cause to be deliveredto Lender such instrumentsand documentation as may be requested
by Lenderfrom time to time to permitsuch participation.
Applicationof Net Proceeds. Ifallor any part of the Propertyis condemned by eminent
domain proceedingsor by any proceedingor purchase in lieuof condemnation, Lender may
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DEED OF TRUST
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at itselectionrequirethatallor any portionof the net proceeds of the award be appliedto
the indebtedness or the repairor restorationof the Property. The net proceeds of the
award shallmean the award afterpayment of allreasonablecosts,expenses, and attorneys'fees incurredby Trustee or Lender in connection with the condemnation. Grantor waives
any legal or equitable interestin the net proceeds and any right to require any
apportionmentof the net proceeds of the award. Grantor agrees that Lender isentitledto
apply the award in accordance with thisparagraph without demonstratingthat itssecurity
has been impaired.
IMPOSITION OF TAXES, FEES AND CHARGES BY GOVERNMENTAL AUTHORITIES. The
followingprovisionsrelatingto governmental taxes,fees and charges area partof thisDeed of
Trust:
Current Taxes, Fees and Charges. Upon request by Lender, Grantor shallexecute such
documents in additionto thisDeed of Trust and take whatever otheractionisrequestedby
Lender to perfectand continueLender'slienon the Real Property. Grantor shallreimburse
Lender foralltaxes,as describedbelow, togetherwith allexpenses incurredin recording,
perfectingor continuingthisDeed of Trust, includingwithout limitationalltaxes, fees,
documentary stamps, and othercharges forrecordingor registeringthisDeed of Trust.
Taxes. The followingshallconstitutetaxes to which thissectionapplies:(1) a specifictax
upon thistype of Deed of Trustor upon allor any partof the Indebtednesssecured by this
Deed of Trust; (2) a specifictax on Grantor which Grantor is authorizedor requiredto
deduct from payments on the Indebtednesssecured by thistype of Deed of Trust; (3) a
tax on thistype of Deed of Trust chargeableagainstthe Lender or the holderof the Note;
and (4) a specifictax on allor any portionof the Indebtednessor on payments of principal
and interestmade by Grantor.
Subsequent Taxes. Ifany tax to which thissectionappliesisenacted subsequent to the
date of thisDeed of Trust,thisevent shallhave the same effectas an Event of Default,andLender may exerciseany or allof itsavailableremedies foran Event of Defaultas provided
below unless Grantor either (1) pays the tax before it becomes delinquent,or (2)
conteststhe tax as providedabove inthe Taxes and Lienssectionand depositswith Lender
cash or a sufficientcorporatesurety bond or othersecuritysatisfactoryto Lender.
SECURITY AGREEMENT; FINANCING STATEMENTS. The followingprovisionsrelatingto this
Deed of Trustas a securityagreement area partof thisDeed of Trust:
SecurityAgreement. This instrumentshallconstitutea SecurityAgreement to the extent
any of the Propertyconstitutesfixtures,and Lender shallhave allof the rightsof a secured
partyunder the Uniform Commercial Code as amended from time to time.
SecurityInterest.Upon requestby Lender,Grantor shalltake whatever actionisrequested
byLender to
perfectand continue Lender's securityinterestin the Rents and Personal
Property. In additionto recordingthisDeed of Trust in the realpropertyrecords,Lender
may, at any time and withoutfurtherauthorizationfrom Grantor,fileexecuted counterparts,
copies or reproductionsof this Deed of Trust as a financingstatement. Grantor shall
reimburseLender forallexpenses incurredinperfectingor continuingthissecurityinterest.
Upon default,Grantor shallnot remove, sever or detach the PersonalPropertyfrom the
Property. Upon default,Grantor shallassemble any Personal Propertynot affixedto the
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DEED OF TRUST
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Propertyina manner and at a placereasonablyconvenientto Grantorand Lender and make
itavailableto Lender withinthree (3) days afterreceiptof writtendemand from Lender to
the extentpermittedby applicablelaw.
Addresses. The mailingaddresses of Grantor (debtor)and Lender (securedparty)from
which informationconcerning the securityinterestgranted by this Deed of Trust may be
obtained(each as requiredby the Uniform Commercial Code) are as statedon the firstpage
of thisDeed of Trust.
FURTHER ASSURANCES; ATTORNEY-IN-FACT. The followingprovisionsrelatingto further
assurancesand attorney-in-factarea partof thisDeed of Trust:
FurtherAssurances. At any time, and from time to time, upon requestof Lender,Grantor
willmake, execute and deliver,or willcause to be made, executed or delivered,to Lender or
to Lender'sdesignee,and when requestedby Lender,cause to be filed,recorded,refiled,or
rerecorded,as the case may be, at such times and insuch officesand placesas Lender may
deem appropriate,any and allsuch mortgages, deeds of trust,securitydeeds, securityagreements, financing statements, continuation statements, instruments of further
assurance, certificates,and other documents as may, in the sole opinionof Lender, be
necessary or desirableinorderto effectuate,complete,perfect,continue,or preserve (1)
Grantor'sobligationsunder the Note, thisDeed of Trust,and the RelatedDocuments, and
(2) the liensand securityinterestscreatedby thisDeed of Trustas firstand priorlienson
the Property,whether now owned or hereafteracquiredby Grantor. Unless prohibitedby
law or Lender agrees to the contraryin writing,GrantorshallreimburseLender for allcosts
and expenses incurredinconnectionwith the mattersreferredto inthisparagraph.
Attorney-in-Fact.If Grantor failsto do any of the things referredto in the preceding
paragraph,Lender may do so forand inthe name of Grantor and at Grantor'sexpense. For
such purposes,Grantor hereby irrevocablyappointsLender as Grantor'sattorney-in-factfor
the purpose of making, executing,delivering,filing,recording,and doing allother thingsasmay be necessaryor desirable,in Lender'ssoleopinion,to accomplishthe matters referred
to inthe precedingparagraph.
EVENTS OF DEFAULT. Each of the following,at Lender'soption,shallconstitutean Event of
Defaultunder thisDeed of Trust:
Payment Default.Grantorfailsto make any payment when due under the Indebtedness.
Other Defaults. Grantor failsto comply with or to perform any other term, obligation,
covenant or conditioncontainedinthisDeed of Trustor inany of the RelatedDocuments or
to comply with or to performany term, obligation,covenant or conditioncontained in any
otheragreement between Lender and Grantor.
Compliance Default. Failureto comply with any other term, obligation,covenant or
conditioncontainedinthisDeed of Trust,the Note or in any of the RelatedDocuments.
Defaulton Other Payments. Failureof Grantor withinthe time requiredby thisDeed of
Trust to make any payment for taxes or insurance,or any other payment necessary to
preventfilingof or to effectdischargeof any lien.
Defaultin Favor of Third Parties. Should Grantor defaultunder any loan,extension of
credit,securityagreement,purchase or salesagreement, or any otheragreement, infavorof
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any other creditoror person that may materiallyaffect any of Grantor'sproperty or
Grantor's abilityto repay the indebtedness or Grantor's abilityto perform Grantor's
obligationsunder thisDeed of Trustor any of the RelatedDocuments.
Defaulton SubordinateIndebtedness. Defaultby Grantor under any subordinateobligation
or instrumentsecuringany subordinateobligationor commencement of any suitor other
actionto forecloseany subordinatelienon the Property.
FalseStatements. Any warranty,representationor statement made or furnishedto Lender
by Grantor or on Grantor'sbehalfunder this Deed of Trust or the Related Documents is
falseor misleadingin any materialrespect,eithernow or at the time made or furnishedor
becomes falseormisleadingat any time thereafter.
DefectiveCollateralization.This Deed of Trust or any of the Related Documents ceases to
be in fullforceand effect(includingfailureof any collateraldocument to createa validand
perfectedsecurityinterestor lien)at any time and forany reason.
Insolvency. The dissolutionor terminationof Grantor'sexistenceas a going business,the
insolvencyof Grantor,the appointment of a receiverforany partof Grantor'sproperty,any
assignment forthe benefitof creditors,any type of creditorworkout, or the commencement
of any proceedingunder any bankruptcyor insolvencylaws by or againstGrantor.
Creditoror ForfeitureProceedings. Commencement of foreciosureor forfeitureproceedings,
whether by judicialproceeding,self-help,repossessionor any othermethod, by any creditor
of Grantor or by any governmental agency againstany propertysecuringthe indebtedness.
This includesa garnishmentof any of Grantor'saccounts,includingdepositaccounts,with
Lender. However, thisEvent of Defaultshallnot apply ifthereis a good faithdisputeby
Grantoras to the validityor reasonablenessof the claimwhich isthe basisof the creditoror
forfeitureproceedingand ifGrantorgives Lender writtennoticeof the creditoror forfeiture
proceeding and depositswith Lender monies or a surety bond for the creditoror forfeiture
proceeding,inan amount determinedby Lender,in itssolediscretion,as being an adequate
reserveor bond forthe dispute.
Events AffectingGuarantor. Any of the preceding events occurs with respect to any
Guarantor of any of the Indebtednessor any Guarantor dies or becomes incompetent,or
revokes or disputesthe validityof,or liabilityunder,any Guaranty of the Indebtedness.
Adverse Change. A materialadverse change occurs in Grantor'sfinancialcondition,or
Lenderbelievesthe prospectof payment or performance of the Indebtednessisimpaired.
Rightto Cure. Ifany default,otherthan a defaultinpayment iscurableand ifGrantor has
not been given a noticeof a breach of the same provisionof thisDeed of Trust withinthe
precedingtwelve (12)months, itmay be cured ifGrantor,afterLender sends writtennotice
to Grantor demanding cure of such default:(1) cures the defaultwithinfifteen(15) days;
or (2) ifthe cure requiresmore than fifteen(15) days, immediatelyinitiatessteps whichLender deems in Lender'ssolediscretionto be sufficientto cure the defaultand thereafter
continues and completes all reasonable and necessary steps sufficientto produce
compliance as soon as reasonablypractical.
RIGHTS AND REMEDIES ON DEFAULT. Ifan Event of Defaultoccurs under thisDeed of Trust,
at any time thereafter,Trustee or Lender may exerciseany one or more of the followingrights
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and remedies:
Electionof Remedies. Electionby
Lender topursue any remedy
shallnot excludepursuit
of
any other remedy, and an electionto make expendituresor to take actionto perform an
obligationof Grantorunder thisDeed of Trust,afterGrantor'sfailureto perform,shallnot
affectLender'srightto declarea defaultand exerciseitsremedies.
AccelerateIndebtedness. Lender shallhave the rightat itsoptionwithoutnoticeto Grantor
to declarethe entireIndebtednessimmediatelydue and payable,includingany prepayment
feewhich Grantorwould be requiredto pay.
Foreclosure.With respectto allor any partof the Real Property,the Trustee shallhave the
rightto forecloseby noticeand sale,and Lender shallhave the rightto foreclose by judicial
foreclosure,in eithercase in accordance with and to the fullextentprovidedby applicable
law.
UCC Remedies. With respectto allor any partof the PersonalProperty,Lender shallhave
allthe rightsand remedies of a securedpartyunder the Uniform Commercial Code.
CollectRents. Lender shallhave the right,without noticeto Grantorto take possessionof
and manage the Property,and, whether or not Lender takes possession,collectthe Rents,
includingamounts past due and unpaid, and apply the net proceeds, over and above
Lender'scosts,againstthe Indebtedness. In furtheranceof thisright,Lender may require
any tenant or other user of the Propertyto make payments of rentor use fees directlyto
Lender. Ifthe Rents are collectedby Lender,then Grantor irrevocablydesignatesLender as
Grantor'sattorney-in-factto endorse instrumentsreceivedinpayment thereofin the name
of Grantor and to negotiatethe same and collectthe proceeds. Payments by tenants or
otherusers to Lender in response to Lender'sdemand shallsatisfythe obligationsforwhich
the payments aremade, whether or not any propergrounds forthe demand existed.Lender
may exerciseitsrightsunder thissubparagraph eitherin person, by agent, or through a
receiver.
Appoint Receiver. Lender shallhave the rightto have a receiverappointed to take
possession of allor any partof the Property,with the power to protectand preservethe
Property,to operate the Propertypreceding foreclosureor sale,and to collectthe Rents
from the Property and apply the proceeds, over and above the cost of the receivership,
against the Indebtedness. The receivermay serve without bond ifpermitted by law.
Lender'srightto the appointment of a receivershallexistwhether or not the apparentvalue
of the Propertyexceeds the Indebtednessby a substantialamount. Employment by Lender
shallnot disqualifya person from servingas a receiver.
Tenancy at Sufferance. IfGrantorremains inpossessionof the Propertyafterthe Property
is sold as provided above or Lender otherwise becomes entitledto possession of the
Propertyupon defaultof Grantor,Grantorshallbecome a tenant at sufferanceof Lender or
the purchaser of the Propertyand shall,at Lender'soption,either (1) pay a reasonable
rentalforthe use of the Property,or (2) vacate the Propertyimmediatelyupon the demand
of Lender.
Other Remedies. Trustee or Lender shallhave any other rightor remedy provided in this
Deed of Trustor the Note or availableatlaw or inequity.
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Notice of Sale. Lender shallgive Grantor reasonablenoticeof the time and place of any
publicsale of the PersonalPropertyor of the time afterwhich any privatesale or other
intendeddispositionof the PersonalPropertyisto be made. Reasonable noticeshallmeannoticegiven at leastten (10) days beforethe time of the saleor disposition.Noticesgiven
by Lender or Trustee under the realproperty foreclosureproceedings shallbe deemed
reasonable.Any saleof the PersonalPropertymay be made inconjunctionwith any saleof
the Real Property.
Sale of the Property.To the extent permittedby applicablelaw, Grantor hereby waives any
and allrightsto have the Property marshalled. Inexercisingitsrightsand remedies,the
Trustee or Lender shallbe freeto sellallor any partof the Propertytogetheror separately,
in one saleor by separatesales. Lender shallbe entitledto bid at any publicsaleon allor
any portionof the Property. The power of sale under this Deed of Trust shallnot be
exhausted by any one or more sales(orattempts to sell)as to allor any portionof the Real
Propertyremainingunsold, but shallcontinueunimpaired untilallof the Real Propertyhas
been soldby exerciseofthe power of saleand allindebtednesshas been paid infull.
Attorneys'Fees; Expenses. IfLender institutesany suitor actionto enforce any of the
terms of thisDeed of Trust,Lender shallbe entitledto recoversuch sum as the courtmay
adjudge reasonableas attorneys'fees at trialand upon any appeal. Whether or not any
court actionis involved,and to the extent not prohibitedby law, allreasonableexpenses
Lender incursthat in Lender'sopinionare necessary at any time forthe protectionof its
interestor the enforcement of itsrightsshallbecome a partof the Indebtednesspayableon
demand and shallbear interestat the Note rate from the date of the expenditureuntil
repaid. Expenses covered by thisparagraphinclude,without limitation,however subjectto
any limitsunder applicablelaw, Lender's attorneys'fees and Lender's legalexpenses,
whether or not there isa lawsuit,includingattorneys'fees and expenses for bankruptcy
proceedings (includingeffortsto modify or vacate any automatic stay or injunction),
appeals, and any anticipatedpost-judgment collectionservices,the cost of searchingrecords, obtainingtitlereports (includingforeclosurereports),surveyors' reports,and
appraisalfees, titleinsurance,and fees for the Trustee, to the extent permitted by
applicablelaw. Grantoralsowill pay any courtcosts,in additionto allother sums provided
by law. Fees and expenses shallincludeattorneys'feesthatLender,Trustee,or both incur,
if eitheror both are made partiesto any action to enjoinforeclosureor to any legal
proceeding that Grantor institutes.The fees and expenses are secured by thisDeed of
Trustand arerecoverablefrom the Property.
Rightsof Trustee. Trustee shallhave allof the rightsand dutiesof Lender as set forthin
thissection.
POWERS AND OBLIGATIONS OF TRUSTEE. The followingprovisionsrelatingto the powers
and obligationsof Trusteearepartof thisDeed of Trust:
Powers of Trustee. In additionto allpowers of Trustee arisingas a matterof law, Trustee
shallhave the power to take the followingactionswith respectto the Propertyupon the
writtenrequestof Lender and Grantor: (a)joininpreparingand filinga map or platof the
Real Property,includingthe dedicationof streetsor other rightsto the public; (b)joinin
grantingany easement or creatingany restrictionon the Real Property;and (c)joinin any
subordinationor other agreement affectingthisDeed of Trust or the interestof Lender
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under thisDeed of Trust.
Obligationsto Notify.Trustee shallnot be obligatedto notifyany otherpartyof a
pendingsale under any other trustdeed or lien,or of any actionor proceeding in which Grantor,
Lender,or Trustee shallbe a party,unlessthe actionor proceedingisbrought by Trustee.
Trustee. Trustee shallmeet allqualificationsrequiredforTrustee under applicablelaw. In
additionto the rightsand remedies set forthabove, with respectto allor any part of the
Property,the Trustee shallhave the rightto forecloseby noticeand sale,and Lender shall
have the rightto foreclose by judicialforedosure,ineithercase in accordance with and to
the fullextent providedby applicablelaw.
Successor Trustee. Lender,at Lender'soption,may from time to time appointa successor
Trusteeto any Trustee appointedunder thisDeed of Trustby an instrumentexecuted and
acknowledged by Lender and recorded in the officeof the recorderof Washoe County,
Stateof Nevada. The successortrustee,without conveyance of the Property,shallsucceed
to allthe title,power, and dutiesconferredupon the Trustee in thisDeed of Trust and byapplicablelaw. This procedure for substitutionof Trusteeshallgovern to the exclusionof
allotherprovisionsforsubstitution.
MISCELLANEOUS PROVISIONS. The followingmiscellaneousprovisionsare a partof thisDeed
of Trust:
Amendments. This Deed of Trust,togetherwith any RelatedDocuments, constitutesthe
entireunderstandingand agreement of the partiesas to the matters setforthinthisDeed of
Trust. No alterationof or amendment to thisDeed of Trustshallbe effectiveunless given
inwritingand signedby thepartyor partiessought to be charged or bound by the alteration
or amendment.
Annual Reports. Ifthe Property is used for purposes other than Grantor's residence,
Grantor shallfurnishto Lender,upon request,a certifiedstatement of net operatingincomereceivedfrom the Propertyduring Grantor'spreviousfiscalyear in such form and detailas
Lender shallrequire."Net operatingincome" shallmean allcash receiptsfrom the Property
lessallcash expenditures made inconnectionwith theoperationof the Property.
Caption Headings. Caption headings in thisDeed of Trust are for convenience purposes
only and are not to be used to interpretor definethe provisionsof thisDeed of Trust.
Merger. There shallbe no merger of the interestor estatecreatedby thisDeed of Trust
with any other interestor estatein the Propertyat any time held by or for the benefitof
Lender inany capacity,withoutthe writtenconsent of Lender.
ApplicableLaw. The Loan secured by thislienwas made under a United States Small
Business Administration(SBA) nationwideprogram which uses tax dollarsto assistsmall
businessowners. Ifthe UnitedStatesisseeking
to enforcethisdocument, then under SBA
regulations:(a) When SBA isthe holderof the Note, thisdocument and alldocuments
evidencingor securingthisLoan will be construedin accordance with federallaw. (b)
Lender or SBA may use localor state procedures for purposes such as filingpapers,
recordingdocuments, givingnotice,foreclosingliens,and otherpurposes. By using these
procedures,SBA does not waive any federalimmunity from localor statecontrol,penalty,
tax or liability. No Borrower or Guarantor may claim or assertagainstSBA any localor
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statelaw to deny any obligationof Borrower, or defeatany claimof SBA with respectto
thisLoan. Any clauseinthisdocument requiringarbitrationisnot enforceablewhen SBA is
the holderof the Note securedby thisinstrument.
No Waiver by Lender. Lender shallnot be deemed to have waived any rightsunder this
Deed of Trust unlesssuch waiver is given in writingand signed by Lender. No delay or
omission on thepartof Lender inexercisingany rightshalloperateas a waiver of such right
or any other right. A waiver by Lender of a provisionof this Deed of Trust shallnot
prejudiceor constitutea waiver of Lender's rightotherwise to demand strictcompliance
with thatprovisionor any otherprovisionof thisDeed of Trust. No priorwaiver by Lender,
nor any course of dealingbetween Lender and Grantor,shallconstitutea waiver of any of
Lender'srightsor of any of Grantor'sobligationsas to any futuretransactions.Whenever
the consent of Lender isrequiredunder thisDeed of Trust,the grantingof such consent by
Lender in any instanceshallnot constitutecontinuingconsent to subsequent instances
where such consent isrequiredand in allcases such consent may be grantedor withheldin
the solediscretionof Lender.
Severability.Ifa courtof competent jurisdictionfindsany provisionof thisDeed of Trustto
be illegal,invalid,or unenforceableas to any circumstance,that findingshallnot make the
offending provisionillegal,invalid,or unenforceableas to any other circumstance. If
feasible,the offendingprovisionshallbe consideredmodifiedso thatitbecomes legal,valid
and enforceable, ifthe offendingprovisioncannot be so modified,itshallbe considered
deletedfrom thisDeed of Trust. Unless otherwiserequiredby law, the illegality,invalidity,
or unenforceabilityof any provisionof this Deed of Trust shallnot affectthe legality,
validityor enforceabilityof any otherprovisionof thisDeed of Trust.
Successors and Assigns. Subjectto any limitationsstatedinthisDeed of Truston transfer
of Grantor'sinterest,thisDeed of Trust shallbe bindingupon and inureto the benefitof the
parties,theirsuccessors and assigns. Ifownership of the Property becomes vested in a
person other than Grantor, Lender, without notice to Grantor,may deal with Grantor's
successors with reference to this Deed of Trust and the Indebtedness by way of
forbearance or extension without releasingGrantor from the obligationsof thisDeed of
Trustor liabilityunder the Indebtedness.
Time isof the Essence. Time isofthe essence intheperformance of thisDeed of Trust.
Waiver of Homestead Exemption. Grantor hereby releasesand waives allrightsand
benefitsof the homestead exemption laws of the State of Nevada as to allIndebtedness
secured by thisDeed of Trust.
DEFINITIONS. The followingcapitalizedwords and terms shallhave the followingmeanings
when used in thisDeed of Trust. Unless specificallystatedto the contrary,allreferencesto
dollaramounts shallmean amounts in lawfulmoney of the United Statesof America. Words
and terms used inthe singularshallincludethe plural,and the pluralshallincludethe singular,as the contextmay require. Words and terms not otherwisedefinedinthisDeed of Trustshall
have the meanings attributedto such terms inthe Uniform Commercial Code:
Beneficiary. The word "Beneficiary" means PLUMAS BANK, and its successors and
assigns.
Borrower. The word "Borrower" means HighlandStores,Incand includesallco-signersand
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DEED OF TRUST
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co-makers signingthe Note and alltheirsuccessorsand assigns.
Deed of Trust. The words "Deed of Trust" mean thisDeed of Trustamong
Grantor,Lender,
and Trustee.
Default.The word "Default"means the DefaultsetforthinthisDeed of Trustinthe section
titled"Default".
EnvironmentalLaws. The words "EnvironmentalLaws" mean any and allstate,federaland
localstatutes,regulationsand ordinancesrelatingto the protectionof human healthor the
environment, includingwithout limitationthe Comprehensive Environmental Response,
Compensation, and Liability Act of 1980, as amended, 42 U.S.C. Section 9601, et seq.
("CERCLA"), the Superfund Amendments and Reauthorization Act of 1986, Pub. L. No.
99-499 ("SARA"), the Hazardous MaterialsTransportationAct, 49 U.S.C. Section 1801, et
seq.,the Resource Conservation and Recovery Act, 42 U.S.C. Section 6901, et seq.,or
otherapplicablestateor federallaws,rules,or regulationsadopted pursuant thereto.
Event of Default.The words "Event of Default"mean any of the events of defaultset forth
inthisDeed of Trustinthe events of defaultsectionof thisDeed of Trust.
Grantor. The word "Grantor"means HighlandStores,Inc.
Guarantor. The word "Guarantor"means any guarantor,surety,or accommodation partyof
any or allof the Indebtedness.
Guaranty. The word "Guaranty" means the guaranty from Guarantorto Lender, including
without limitationa guarantyof allor partof the Note.
Hazardous Substances. The words "Hazardous Substances" mean materialsthat,because
of theirquantity,concentrationor physical,chemical or infectiouscharacteristics,may
cause or pose a present or potentialhazard to human healthor the environment when
improperlyused, treated,stored, disposed of, generated,manufactured, transportedor
otherwise handled. The words "Hazardous Substances" are used in theirvery broadest
sense and includewithout limitationany and allhazardous or toxicsubstances,materialsor
waste as defined by or listedunder the Environmental Laws. The term "Hazardous
Substances" also includes,without limitation,petroleumand petroleumby-productsor any
fractionthereofand asbestos.
Improvements. The word "Improvements" means allexistingand futureimprovements,
buildings,structures, mobile homes affixedon the Real Property,facilities,additions,
replacementsand otherconstructionon the Real Property.
Indebtedness. The word "indebtedness"means allprincipal,interest,and other amounts,
costs and expenses payable under the Note or Related Documents, together with all
renewals of, extensionsof, modificationsof, consolidationsof and substitutionsfor the
Note or RelatedDocuments and any amounts expended or advanced by Lender to dischargeGrantor's obligationsor expenses incurredby Trustee or Lender to enforce Grantor's
obligationsunder thisDeed of Trust,togetherwith intereston such amounts as providedin
thisDeed of Trust.
Lender. The word "Lender"means PLUMAS BANK, itssuccessors and assigns.
Note. The word "Note" means the promissory note dated April23, 2010, in the original
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DEED OF TRUST
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principalamount of $1,115,000.00 from Grantor to Lender,togetherwith allrenewals of,
extensionsof,modificationsof, refinancingsof,consolidationsof,and substitutionsforthe
promissory note or agreement. The maturitydate of thisDeed of Trust isApril29, 2035. NOTICE TO GRANTOR: THE NOTE CONTAINS A VARIABLE INTEREST RATE.
Personal Property. The words "PersonalProperty" mean allequipment, fixtures,mobile
homes, manufactured homes or modular homes which have not been legallyacceded to the
realpropertyinaccordance with Nevada law, and otherarticlesof personalpropertynow or
hereafterowned by Grantor,and now or hereafterattached or affixedto or used in the
operationof the Real Property;together with allaccessions,parts,and additionsto, all
replacements of, and allsubstitutionsfor, any of such property;and together with all
proceeds (includingwithout limitationallinsuranceproceeds and refundsof premiums) from
any saleor otherdispositionof the Property.
Property. The word "Property"means collectivelythe Real Property and the Personal
Property.
Real Property. The words "Real Property" mean the realproperty,interestsand rights,as
furtherdescribedinthisDeed of Trust.
Related Documents. The words "RelatedDocuments" mean allpromissory notes, credit
agreements, loan agreements, environmentalagreements, guaranties,securityagreements,
mortgages, deeds of trust,securitydeeds, collateralmortgages, and allother instruments,
agreements and documents, whether now or hereafterexisting,executed inconnectionwith
the indebtedness.
Rents. The word "Rents" means allpresent and futurerents,revenues,income, issues,
royalties,profits,and otherbenefitsderivedfrom the Property.
Trustee. The word "Trustee"means Western TitleCompany, whose address is241 Ridge
St.,Suite100, Reno, NV 89501 and any substituteor successortrustees.
GRANTOR ACKNOWLEDGES HAVING READ ALL THE PROVISIONS OF THIS DEED OF TRUST,
AND GRANTOR AGREES TO ITS TERMS.
GRANTOR:
HIGHLAND STORES, INC
JasbirS Chaha residentof HighlandStores,Inc
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DEED OF TRUST
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CORPORATE ACKNOWLEDGMENT
STATE OF )
COUNTY OF
) SS
This instrumentwas acknowledged before me on , 12/7 c., 7- c /67 by Jasbir S
Chahal,Presidentof HighlandStores,Inc,as designated'agentof Hi hlandStores,Inc.
P HANsoN-
NotaryPublic-StateofNevada?- **
AppointmentRecordedinwashoecounty (Signatureof notarialofficer)No:9&3503-2-ExpiresAugust30.2012
Notary Publicinand forStateof /
(Seal,ifany)
REO.UEST FOR FULL RECONVEYANCE(To be used only when obligationshave been paid infull)
To: ,Trustee
The undersigned is the legalowner and holder of allIndebtednesssecured by thisDeed of
Trust. Allsums secured by this Deed of Trust have been fullypaid and satisfied.You are
hereby directed,upon payment to you of any sums owing to you under the terms of thisDeed
of Trustor pursuantto any applicablestatute,to cancelthe Note secured by thisDeed of Trust
(which isdeliveredto you togetherwith thisDeed of Trust),and to reconvey,without warranty,
to the partiesdesignatedby the terms of thisDeed of Trust,the estatenow held by you under
thisDeed of Trust. Pleasemailthe reconveyance and RelatedDocuments to:
Date: Beneficiary:
By:
Its:
LASER PRO Lending,Ver. 5.50.00.006 Copr. Harland FinancialSolutions,Inc.1997, 2010.
AllRightsReserved.- NV/CA L:\CFI\LPL\GO1.FCTR-11019 PR-139
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OrderNo.030708-PAHEXHIBIT "A"
LegalDescription
AllthatcertainrealpropertysituateintheCountyofWashoe,StateofNevada,describedasfollows:
BeingaportionoftheNorthwest1/4oftheNorthwest1/4oftheSoutheast1/4ofSection18,Township20North,Range20
East,M.D.B.&M.
PARCEL 1:
COMMENCING attheNorthwestcorneroftheNorthwest1/4oftheNorthwest1/4oftheSoutheast1/4ofSection18,
Township20North,Range20East,M.D.B.&M.;thenceNorth89041'29"East,60 feet;thenceSouth0002'12"West128.16
feettothesouthwesterlycornerofthatcertainparceldescribedinDeedtoSILSOARES, etux,recordedMarch17,1971,as
FileNo.200540,OfficialRecords,saidpointbeingthetruepointofbeginning;thencealongthesoutherlylineofsaidSoares
parcelNorth83020'18"East164.11feettothesoutheasterlycornerofsaidSoaresparcel;thenceSouth0002'21"West131.12
feettothenortheasterlycornerofthatcertainparceldescribedinDeedtoMILDRED J.FRANK, recordedJune28,1973,as
FileNo.291980,OfficialRecords;thencealongthenortherlylineofsaidFrankparcel,South89039'54"West162.99feetto
thenorthwesterlycornerofsaidFrankparcel;thenceNorth0002'l2"East112.75feetmoreorlesstothetruepointofbeginning.
PARCEL 2:
COMMENCING attheNorthwestcorneroftheNorthwest1/4oftheNorthwest1/4oftheSoutheast1/4ofSection18,
Township20North,Range20 East,M.D.B.&M.;thenceNorth89041'29"East,60.00feet;thenceSouth0002'l2"West30.00
feettothetruepointofbeginning;thencefromthetruepointofbeginning,North89041'29"East,163.00feet;thenceSouth
0002'21"West80.00feet;thenceSouth83.20'l8"West,164.11feet;thenceNorth0002'l2"East,98.16feettothetruepointofbeginning.
NOTE: TheabovemetesandboundsdescriptionappearedpreviouslyinthatcertainGrant,Bargain,SaleDeed recordedinthe
ofilceoftheCountyRecorderofWashoeCounty,NevadaonJuly18,1986,asDocumentNo. 1085947ofOfficialRecords.
Assessor'sParcelNumber(s):085-261-38and085-261-41
085-261-41