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<br /> :�; I At the option of Seneftcl:uy, nll or uny pnrt of the n�reed feES and charges, accrual interest and principal shAll tsecome • l_
<br /> � immediutely due mi d paya b le, u fter g iv in�n o t i c e i f r e q n i r e d b y l a w,u p o n t h e o c c u r r e n c e o f n d e f n u l t o r a n y t i m e t l i e r e u f t e r ., ,�
<br /> ! thie Dieecl of Trust nnd eny�reluted d�oc mcnt�'including without limitution th power�tott cll thePropcnyr evidcnces of debt,
<br /> ;;; If there is a defnult,7rustee shall,in additiou to a��y other permittcd remedy,at the requcst of the Beneficiary, advertise nnd -i
<br /> se11 the I'roperty as n whole or in seputute parcele at public suction to the highest bidder for cash end wnvey absolute tltte ��
<br /> ':�+ �,i free and ciear of nll right,tltle nnd interest of Trustor at such time and place as'fn►stee designates.Trustee shall give not1ce . _
<br /> •:,r " of snle including the tims.tem�s and place of sale and c�descdption of the property to be sold as rcquired by the applicuble
<br /> 'r: I law in effect at the time of the proposed eale. ° �
<br /> ! Upun anle of the property tmd to the extent not prohibited by la�v,Trustee shall make and deliver a d�ed to the Property sold �
<br /> wl�ich conveys absolute tide to the purchaser, and after first paying all fees,charges and costs, shall pay to Beaeficlary all � . _
<br /> mnneys advanced for repairs, taxes, lnsurance, liens, assessments and prior encumbrances and interest thereou, and the .., ;;r,.;.;,,�.�•
<br /> principal and interest on the Secured Debi� paying the stuplus, if any,to Trustor. Heneficiary may purchase the Praperty. ° ,�_3;,�.
<br /> • The recitals ia any deed of conveyance shall be prlrna facIe evidence of the facts set forth thereln. .�:_,.'a`
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<br /> All remedtes are dlstinct. cumulative azad not ex�lusive, and the BeA�ficiary is entitled to aU remedies provided at law or ..;.�a..-- -
<br /> equiry,whether expressly set forth or not. '19ie acxeptance by Beneficiary of any sum!n paymeat or partial payment on the ;.
<br /> , Secured Debt after the balance is due or is ac:celerated or after foroclosure proceeclinBs afe filed shnll not constitute a�valver •�,�Y:_:_ _
<br /> ' ; of Beneficiary's rlght to require full and complete.ure of any e�cisting default. By not exerclsing any remedy oa Trustor's —
<br /> default, Beneficiary does not waive Beneficiary's ri�ht t�later wnsider the event a default if it wntinues or ha{�peas again. _____�"—
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<br /> 18.�XPENSES;ADVANCES ON COVENANTS;ATTORNEYS'FEES;COLLEC'9'ImN COSfS. Except when prohiblteci . �+,�.•�.R___
<br /> . . by law, Trustor agrees to pay�Il of Beneficiary's eapenses if Trustor breaches:wlr wvenant in this Deed of Trust. T[ustos �' __
<br /> • ' will also pay on demand ali of&neficiary's expenses incurred in collecting,ins�rivg�Presen'ing or protectiug the Property ,:<<;:�.:;.
<br /> ,� t or in any inventorles. audits, inspections or other eaAminatioa by Beneficiary in respett to the Property. Trustor asroes to :';:•:i�;
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<br /> :ti'!` •o•_, pay all costs and expeases incurred by Beneficlary ia enforcing or protecting Beneficiury's rights and remedies under thls •:'•�'��.
<br /> ;1 5 Deed of Trust,including,but not limited to,atterneys'fees,conrt coste,and other legal expenses.Once the Secured Debt is '•,�,L`.+,''
<br /> <� � r fully and finally paid.Beneficiary agrces to release this Dead of Tiust and Trustor a�rees to pay for any recordatlon costs.
<br /> �' � All such amounts are due on demand and will bear inaErest from the time of the advaace at the highest rate in effact,from ;,, �� ;
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<br /> '� time to time,as provided in We Evidence oi uebt anei as permiiird'oy iaw. —y.' �— ,,�
<br /> 19.EIWIItONMENTAL LAWS AND HALARDOUS SLiBSPAN�TS. As used in this sectlon, (1) "Environmental Law" j '`�
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<br /> means, without limitation, the Compreheasive Environmental Response, Compensation and LiabUity Act (CBRCLA, 42 � ; ';';.1"
<br /> U.S.C. 9601 et seq.),all other federal,state and local laws.regulations,or6inances.court orders,attorney general opinions •�•...��
<br /> or u►teipretive letters concerning the public health, �afety, welfare, environment or a hazardous sub�t�nce; and (2) ,�� .
<br /> �'i, "H:vardous S�bstance" mrans any toxic, radiaacdve or ha7ardous material, wuste, pollutant or wntams�r�t which has �' �
<br /> � characteristics which render the substance dangerous or potentially dangerous to the public health, snftty. welfare t+r
<br /> environm�ent. 'Ihe term includes, without limitation�, any substances defined as "ha7ardous matedt�l," "toxic substances,"
<br /> " � f, "hazanlous waste"or"hazard.ous substance"under any Bnvironniental Law. 'IYustor represents, wurrants anr�agtoes that• ' _
<br /> ��: '� except as previously disclosed and acknowledged in wrltin�: -
<br /> •t; A. No Hazardous Stibstance has been, is,or will bx located,unnsporced,manufactured,treated. refinec9,�or handled by _� �
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<br /> . any person on,under or about the Pmperty,except in the ordinary coursc of business and in strict rmmpliance with „
<br /> 1 �� ail app�icable Envtronmental Law. F s
<br /> �t: • '� B. Tcustor has not and will aot cause,conulbute to,or pernut the release of uny Hazardous Substance on the Pmperty. �_ -
<br /> � C. Tcustor will immaliately notify Benefictary if(1)a release or tlueatenad release of Hazardous Substance occurs on, F___
<br />=;. under or abouc the Pcoperty or migrntes or threataas to migrate from nearby property;or(2)there is a violadon of �_Y
<br /> ?�:•`:.. �' any Environment�i Lsiw conceming the Property. In such an event,Trus2os will take all necesspry x�lal action in �,�,::„-
<br /> ' accordance with Environmental Law. E- -_ �� �..__
<br /> � � D. Trustor has no knowledge of or reason to believe there is any pe�ciing or thcr.atened investi�ation, claim, or --�— —
<br /> - procr,ecling of any kind reluting ro(1)any Hauirdous Stibsklnce located on, under or about the Ptogerty;or(2)�y _
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<br /> � �., eiolation by Trustor ox any tenaut of any Environmenwl Law.'IYustar wUl immedlately notify BeaeT���ary in wre¢��� �'���_�
<br /> as soon as Tnuq�T bes reason to believe there is any such pending or thr�eatened investigation,clairn,or proceeding. _-,.. �
<br /> .;��,,�:;s��; ,I':� In such an eveni,BeneSciary has the right,but not the obli�at�an,to parrt)icipate in any such pxoceecling including the --� ' '�--� ��
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<br /> � �'`� ri�fit to receive copies of any clacuments relating to such prooaalings. ""':�;1�' .
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<br /> E. 'l�ustor and every tenant hav��Een,are and shall remain in fiil1 co li�ctce with an a ticable Environmen�v w• �� y� ^r��•.x•.
<br /> � F. Therc are no underground storage tanks,private dumps or open wells lacated on or under the Property :.";�,'.-�:,i}�r�s;;r,?.:
<br /> tank.dump nr well vrill be added unless Beneficiary first consents in writing. ". "�;:?y.
<br /> � G. Tmswr will regulazly inspect the Property, monitor the activit�es and mperations on the Property, and confum that • , =�������
<br /> a11 pemuts,licenses or approvals required by any applicable Environmental Law are obtained and complied with. , �•
<br /> H. Trustor will permit. or cavse any tenant to permit, Benaficiary or Bzaeficiary's agent to cnter and inspect the
<br />_ property and review a11 recorcls at any reasonable timz to determine(1) the eustence, location and nature of a�iy ,.
<br />- Hazardous Substance on. under or about the Property; (2) the existence. location, natum, nnd magnitude of any .
<br /> Hazerdous Sobstance Wat has been mteased on,under or ubout the Property:or(3)wh�tlier or not'l�custor and any
<br />=!�� ; tenant are in co�liance with applicable Environmental I.aw. �
<br /> T I. Upon Beneficiary's request and at any time, 7Yustor agrces, at Trustor's expense, to engage a qualified
<br /> � ° environm2ntal en�ineer to pmpare an envimnmental audit of the Property and to submit the results of such audit to
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<br /> Beneficiar3. 'Ihe choice of thc env�mnmenca� en�neer wno wn► pt[ttli�ii ou�u auw� w auv�w. - - - -
<br /> - � aPProvsil.
<br /> . J. Beneficiary has the right. but not the obligation, to perform any of Trustor's obligutions under this section at
<br /> � �1�rustor's expense. ,
<br />- . � K. As a conseqeceuce of any breach of any representntion, wnrraury or promise cnade in this section, (1)T'rustor�vil� , _
<br /> _ i indemnify and hold Beneficiary and BQneticiary's successors or assigas harmless from and against all losses,etaims, i
<br />_ R demands. liabilities, damages, cleanup. tespo:tse and remediation costs, penalties and expens�s, includin�without
<br /> i limitation all costs of litigatlon and attomeys' fees.�vhicl�Beneficiary and Heneficiary's successors or assigns may
<br /> ' sustain: and (2) at Beneficiary's discrction, Beneficiary may rcic:ue this Decd of'T�vst �nd in return Trustor�vill
<br /> - , provide 8enefici�vy with oollateral of at least equal value to the Property securcd by this De�.�d of Tntst without
<br /> prejudia°to any of Beneficiary's rights under this Dc�ed of Tcust. i ,
<br /> .� � . Payo 4 al 6 �
<br /> .. .. I ` ` m 1993 Ba+tcr!SrStemf.int.St CIUW.��bOP]47.I3411 F0�AGiCO OT�NF 9r1]/9E � ` .
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