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<br /> JAt the option of 8enefieiary, nll or nny pnri af the agreed fees und charges, nc:c:n►ec! Interest and princfpal shall beco�ne
<br /> ; I�n►m:clletely duc and aayubte,Aftcr giving notice if requircd hy Inw,upon thc oc�:urrence of n defuult or anytime thcrenfter. � -
<br /> � In Mtditton, Deneficinry shnll be entjtled to all the remedics provided by low, the&vidence of aebt,other evidences of debt,
<br /> , I thie Qeed of 7'rust mid nny�elated d�cuments including�vithauc limitation,the power tn sell thc Property. „ '
<br /> If thr,re is n drfatilt,Tn�st��e sh�ll,In lddition to any other pernutted remedy,at die ceguest of the Benefciary.advertlse and
<br /> • sell the Propercy ns n whole or in sepuatc parcels at public auetion to thc highest bidder for cash and wnvey ubsulute titic -
<br /> ftee and clear of all right.title and interest of Tmstor ut sur.h dme nnd plaa;e as Tn�stee designates.Teustee ahall give noticr� , -•
<br /> ' of sale including tue time,term9 and pince of s�le tuid n description of the property to be sold ns reyui�ed by the npplicable
<br /> " law in effect nt the ti�ne of the prorosed sale. „ :
<br /> Upon Fale of ttte pmperty end to the extent not prohibited 6y law.Trustee shall make and deliver a dced to the Property sold � , � '
<br /> ' which conveys abs�lute Utle to the purchsucr. and afler flcst paying all fees,chnrge.�and costs, shall pay co Beneficiary all � : � ;.
<br /> moneys advanced for repairs, taxes. instuance,liens, aseessmente and prior cacumbrances and interest thereon, and the ;,- �� .:•-:• .��-•
<br /> principal and interest on the Securid Debt.paying the sur�lus, if any,to Trustor. Beuefistary may purchare the Property. ;',.�'���-
<br /> 'il�e recit�le in ony deecl of conveyonce shali be pruna f.�cie evIdence of the facts sat foM therein. "',�_...__
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<br /> pll remedies are distinct.cumulative and not eaclusive, and the Beneficiary is entided to all mmedies pravided nt law or �,,��
<br /> � equity.whet�er eapressly set forth or not.Th�acceptt►noy by Heneficiary of any sum in payment ar panial paym�nt on the ��,��Tt;;t,
<br /> ' ��• Secured Qzbt after ttee balnnce is due or is acceleratc,�t ar aftar foreclosure proceedings are filed shat!not constitutQ a waiver _- —
<br /> of EPneficiary's right t�req��?e fi�l��d crmplete c►ue of any e�clstin�default. By not eaercising any remedy on Icustor's - _
<br /> default,Beneficiary dces not wuive Bza�ficiary's dght ta 11ter consider the event a defaWt if it conuaues or happens agaiu. „ ,}--
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<br /> �t , 18.EX�ENSFS;ADVANCES Olol COVENANTS;ATI�OIW�YS'F�ES;COLLECPION COSI'S. Except when prohib8ed � ., .�-_--
<br /> � ,, by law,Tnistor a�to pay all of Beneficiary's e�cpenses if Trastor breaches any covenant in this Dee�of Tnut.Trusror ��":��'`=�'
<br /> ; ; wlll also pay on demand all of Beaefici 's e nses inrurred in collecting, iasuru►S.Presen'ing or protecting the Propetty r �
<br /> �x ox in any inventories,audits, inspect�onas ot oe.�6er exuninetion by Benefcciary in respect W th$ProPertY• Trusror egtees to " °`
<br /> ° pay all costs and expens�s incurced by Beaeficiary in enforcins or pmtecting Beneficiary'S rights and remedies under this ,�;..;��
<br /> . � �! Deed of Tcust.includ3ng,but not limited to,attomeys' fces,courc costs.and other legal expenses.Qnce We 5ec;ured Debt is :
<br /> � fully and finally paid,Beneficiary agrees to release thi�Aeed of Trust and Trustor agrees to pay for any rceordatlon costs. , ,'
<br /> All such arnounts are due on demand and will bear interast from the time of the advance at the highest rate in effect. from ; '
<br /> --- -_ _ .;y.,ta tu�e.::gro�id�t:w►���vi���nt'netn and�.s pe.nnitted by law. �,s� �_
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<br /> 19.ENVatONMENTAL LAWS AND HAZAI�DUU3 SUI�STANCFS. As used in this secdon, (1) "Envlronn�ental l,aw"
<br /> � means, without limitation. the Compreheusa�e Environmeatal Response. Com�rensation and Llability Act (CERCLA.42
<br />- U.S.C.9601 et seq.),all other federal,state and local laws,regulations.ordinances,court ordecs,attomey genotal opinlous
<br /> ,,:;:,l;:_ ' or inteipredve letters conceming the public 6ealth, safety, welfare, environtnent or a hazardous substaz�ce; aad (2) , .f. •
<br /> ne ;.
<br /> •.�;i�°,�;��,; "Ha7ardous Substence" mcans eny toxic, radioacav@ or hurazdous material, waste, potiutant or contaminant which has � :. :
<br /> characteristics which render tke substance daugemus or potentielly dangerous ro the public health, safety, welfare or �;�-
<br /> •�,. environn�ent. Tli�term includes, without limitndon, any substances defined as "hazardons m�terial," "toxlc substana�." ` '
<br /> . �. "ha7ardous waste" or"hnzardoua substance" under any Environmental Law. Tcustor represen�s.warrants and a8ras that• _ 1
<br /> �';';,:; � eacept as previously disclosed and acknowledged in writing:
<br /> ���:��' A. No Hazardous Substa�ce has been,is. or will be located,transported,manufactured,treated,refinQd.or hendled by
<br /> - any persoa on, under or about the Propecry,excrpt in the ordinary wurse of business aud in strict campliance with ��
<br /> �• �:.,.�" all applicablc Environmencal Law. _
<br /> B. T:vstor has not and will not cuuse,or�znMbute to,or permit the release of aay Ha7ardous S�bstence on We Property.
<br /> � • � C. Trusror will imxualiately aotify Beueficiary if(1)u release or threatened celease of Hazardovs S�tbstsnce occurs on, �
<br /> ;t::.:'.;;:� '• under or about the Froperty or migrates or ilueatans ro migrate from nearby property:or(2)there is a violation of _.
<br />_. •�.;�,�',,� any Environmental Law concerning the Property.tu such an event,Ttustar wd�l take all aocessazy nmedial action in
<br />:i.,.�:� l�fi
<br /> accordance witin Environmentel Law. ��_
<br />` '' D. Trustor h�s no knowledge of or m.sison ta belleve there is any pending or Wreauned invesugation. claim, or =___.
<br /> pz+ocoeding of any kind n(ating to(1) any Hazaridons Substance located on,under or about the Property; or(2)anY __
<br /> - • '�`'�t�� � violation by Trusror or any teaant of any Envaronmental Law.Ttustor wil9l�iately notify Beneflciury in wrltittg -_
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<br /> , ��,'•''•``���:'.�.� as soon as Tcustor has reason to believe there is unp such pending ur thrc�tEnec�investigation,claim.or proceeding.
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<br /> :��«`:';�`'' � In such au event,Beaeficiary has the ri@ht,but not a�e obligation,to par3icipate in any such proceedin�including the ����-_=-___��
<br />��� � dght to receive copies of any documeats relming to such proceedings. ��°�����--�
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<br /> • • � E. Tiustor and every tenant have been,a�e and�till remain in full compliance with any applicabfe Environmental Law.
<br /> _ � F. There are no underground storage tanks,privata dumps or open wells located on or under the Property and no such `.�,.: ,. J-� ;''�
<br /> ,'� „ • tank,dump or well u��l!be added unless Beneficiaz}r first consents in writing. �.C��'„ �c �
<br /> G. Trusror wtll re�ularly inspoct the Property.manitor the activities and oper�2ions on the Property, and cAIIfirm Ihat {`�''`�/+° ,Y'�:
<br /> ,�<< ; � ��`.t'hllF �_;" '•. �
<br /> �� all perm9is,licenses or approvals nquired Uy any applicable EnvironmeaEal Law aze obtained nns�complied with.
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<br /> H. Trustor will permit, or cause any tenant to pernrit, Benefici�y or Beneficiary's agent to enter and inspect the �"�•• �
<br />- Property and revtew all records at any ressonable time to deternune(1) the existence, location and nature of any • , ��
<br /> Hazardous Substance on, under or about the Properiy: (2) the existence, location, nature, and magnitude of any .,
<br /> Hazardous S�hstance that has becn releasvd on, undsr ar about thc Properry; or(3)whether or not Tcustor and any
<br /> tenant are in compliance with applicable Environmental Law. ,
<br /> I. Upon Beneficiary's request and a3 any time, Tiustor agrees, at Tn�.ctor's expense. to engage a qualified , �
<br /> ; � environmental enIIincer to prepa�e a� environmental audit of the Property and to submit the results of such audit to ;
<br />-- - - _ u,,.,p��is*., Tt,� rhnirr. nf the enveronm�tal enaineer who �vill perform such audit is subject to Beneficiary's '
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<br /> aPProval. - - . __
<br /> J. Beneficiary has the right. but not tY�e obligation, to perform any of Ttustor's obligatioas under this section at
<br /> Trustor's expensc.
<br /> , ° i I:. As a consequence of any breach of any mpmsentation, wamanty or promise made in this section, (1) Trustar will
<br /> I indecnnify and hnld Beneficiary and Beneficiary's successors or assigns harmless from and against all losses,claims, �
<br /> demands, liabilities, damages, cleanup, response and remediation costs, penalties and expenses, including without
<br /> : I limitation all.osts of litigation and anomeys' fees,which Beneficiary and Beneficiary's successors or assi�ns may
<br /> sustain; and(2)at Beneficiary's discmtion, Bfneficiary may release this ID��ed of Trust and in return Trustor will
<br />' pmvide Beneficiary with collateral of at lcast equal value ta the l�ropeny sccured by this Dced of Trust �vithout
<br /> ' prejudice to any of Beneficiary's rights nnder this Dced of Trust.
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