|
- : . .
<br /> . ..;
<br /> ,,:,,.,.,, . '�.,
<br /> ., . :� ' �� .. ..._:.�.,�. .
<br /> -, .. _ _ ..
<br /> _.�:..,�_..�,...._�:.:,.;.. . .
<br /> _........____ ..
<br /> .. .�..,�;;
<br /> .,. .,�n,�,"-.
<br /> � . ,..,...;;:;.-�:�:.:•
<br /> � 97-M �,(�2f 02 , _ .. .....,�;M
<br /> � At thn optinn of Aeneficiary, all or v►y past of the agreed fecs and cht►c�cs, nccrued interest and pr��ne:ipnl shcill bi�come '• t_
<br /> ; immt�Jitusl)�i'rue and puyable,after giving nviice if requjmd by law,upan the occ:urrence of a defnult or anytime thereafter. __
<br /> •� In ncltUtinn,Qeneficiary shall be entitled to�11 U�e remcdies providrd by Ittw.the L�videnc:e oC Debt,oiher evldcnccs of dcbt, r_
<br /> ; this�D�cr,�d uf'Trust and nny relnted document9 incEudina widiout limltntion, the p�wer to seU thc Propcny. -
<br /> � lf thnsr,is�n c�Nfault,Trustee shull,in additionto�ny other permitted remccly, nt thu rcqucst of the B�:neficiery. �dvenisc nnd ;
<br /> sell clin Pr���rrty as a wholc or in scparare pam�ls at public uuction ro thr.hi�hcst biddcr for cash and r.anvey nbsolutc Ntic ,.
<br /> free�ti cle�r of all right, title nnd interest of Trustor at such time and place c+s Trustce designntes.Tn�stee shNl give notice ., ,
<br /> • of sala inr3uding the time, tem�s and place otsalc and a descripdon of the property to be sold us requir�:d by the appUcable
<br /> ' . law in efftrs nt the time of the pmposed sal�.
<br /> � U�an sal�:of the propeny and to the extent eiot prohibited by law,Trustce sh�►ll make and deliver a deed to the Property sold � -
<br /> . �vhlch cAi�vs�ys absolute title to the purch»s�r,end after first paying aU fees. chnrges nnd costs,shnll pay to Benefciary nll
<br /> : moneys adt�nnced for repairs. taxes, insur;�nce, liens, assessments and prior encumbrances and intere�t diereon, and the � ,� �., `
<br /> � prinr.ipsl a��d inrerest on the Secured Debt, payi�g tt�e sutplus, if any, to Trnstor. Beneficiury may purch�se thP Property. � ";,,,,;.f�`::'..;,,
<br /> The rfritc��v in az►y deed of canveyance shn1E be prima facie evidence of the facts set forth therein. :;st''°".�j"'.
<br /> � i/��,::Y:''.3�
<br /> All m�ns+aies an: dlstinct, cumulativc aad�cte:clasi��e, snd the &�neficinry is entided to all retnedies provided at law or - ��,_.�__
<br /> � e�ttit�i,whether expressly set forth or not. "I5e acceptance by Beneficiary of any sum in payment or pnrtial paymeat on the � . .:.'�`-`;�-
<br /> Se+�tiurxl Debt after the balance is dae or is accelerated or after foreclosure praceedings are filed shctll uot constitute a waiver '`s?•��`--
<br /> of I'ieaeficiury's right ro requue full and complcie cure of any cxisting default. By not exercisin�any remedy on Tcustor's � _______
<br /> dr�iault,Beneficiary dces not waive Beneficiary's right to latsr wnsider the event a default if it continues or happens ugt�in. : �
<br /> ..,,�,�..��.
<br /> 10.6�,XPENSES;ADVANCES OP1 COVENA3YTS; ATTORNEYS'FEES;COLLECTION COST�. Eacept when prohibited ' �,�;�,.
<br /> • by law,Trustor a�to pay all of Beneficiary's expenses if Trustor bmaches any covenant in thlc Dee�t of Tnrst.'Trustor ,��� _��
<br /> will also pay oa demand all of Beneficiary's expenses incuned in collectiag, insuring, preservinII or protectinB the Property
<br /> � . or in any inveatorles,audits,ins�ections or oiher examnaadon by Beneficiary in respect to the Property.Trvstor agrees to ,�„�,�
<br /> � ' n
<br /> + �,• pay all costs 2nd expenses incurred by Besieflciary in enfoccing or protecting Beneficiary's rights and remedies under tlus , ':rr,,,yA?^��c
<br /> � Deed of Tcust,including.but not limited t�,attorneys'fees,courc casts,and other legal expens.s.Once d�e Secured Debt ts �;!f �
<br /> ! fully and fmally paid,Beneficiary a�e�n release this Deed of Trust and Trustor agrees to pay for any recordution costs.
<br /> ' y i All such amouncs are due on demand aad�vill bear interest from the time of the advance at the highest rate in effect,from
<br /> ; 1 time to time,as provided in the Evldence o f Debt end as pennitted by law. i
<br /> -.--- — � - -
<br /> ' 19.ENVIRONMENTAI.LAWS AND HAZARDOUS SIJBSd'ANCES. As used in this section, (t)"Envi�+onmental Law" % � -
<br /> � { means, without liraitadon. the Compmhensive Environmeatal Res,�a�se, Compensation and l.iabilicgr Act (CERCLA, 42 �
<br /> U.S.C.9601 et seq.),all other feder�l.stat�and local laws, regulatiflns,ordinances,court orders,attorney general opinions �� �� _
<br />_ � or inteipretive letters coacer�ning the public bealth, safety, welSar�e, environm�nt or a hazardous subsk�nce; and (2)
<br /> � •' "��ardous Stibstance' me.�ns any toaic, tadiouctive or hazardous material, wc�ste, pollutant or contaminaut �vhich has .
<br /> ► "
<br /> ��. c.haracteristics v►hich render the substance dangerous or potentially danserous to the public health. safery, welfare or
<br /> � � environment.'[he term includes, without limitation, any substuaces defined as "hezardous mate�ial." 'toYic substances," ',';
<br /> ,;�...
<br /> � ,, ^hazardous�veste" or"hazardous substanr�'under any Environmental Law.Tcustor represencs, wereante and agrees that, ;
<br /> ��` � except as previously disclosed and acknowledged in wri�ing: '�` .
<br />;: A. No Hazardous Substance has beea, ia,ar wi31 be located, transported,manufactured. ueated,cefined,or uandled by �
<br />� any person on,under�r about the Properry. exc.�pt it►thc ordin�.ry caurse of business and in strict com�elience with �,�
<br />_ • all applicable Enviroamental Iaw. �_
<br /> �� B. Trustor has not and will not cause, contribute to,or permit the release of any Hazerdous S�bstance om the Property. __
<br /> �_.;'
<br />_ � �, C. Trustor will immediately aodfy Beneficiary if(1)a release or threatened release of Hazardoua Substance occurs on.. --
<br /> under or about the Property or migrates or thre.�tens to migrate from nearby property;or(2)there is a violatlon of �� ,
<br /> ' any Environmental Law concerning�he Property.In such an eve.nt,T'rustor witl take all necessary remzdial action in �`,_:`,
<br /> accordence with Environmental La�v, ----
<br /> D. Trostor has no knowledge of or rzason ca believe there is any pending or threatened lnvesti�ation. claim, or �.�.��__
<br /> proceeding of any kind relating to (1)any Ha�ardous S�bstac�ce located on.under or about the Pruperty;or(2)any =__ _
<br /> • � violation by TNStor or any tenant of any Envuonmental Law.Trustor will immediately notify Heneficiary in writing i. -� -
<br /> as soon as Trustor has reason ta b�lieve there is Tny such pending or threatened tavestlgation, claim.or proceeding. �����
<br /> - � � . I n suc h an event, Beae f ic iary h a s t t i e ri g h t,v u t x�o t t h e o b 1 i g a t i o n,t o p a rt i c i p a t e in an y such proceedin g includin g the ,,�-_�=�-_-
<br /> ���,�
<br /> right to receive copies of any doctuneuts relating to euch proceedings. .�z���«�„
<br /> � � E. Trustor and every tenant have bceu,ere and shsill cemain in fuU compliance with atty applicf►ble Environmeats�l Law. . -- �•u-����.`
<br /> � •,� �,.°,
<br /> ��; .:.� ';i=-
<br /> f � F. 'There are no underground storage tuuks,private dumps or open wells located on or under the Property and no sac?� �..,
<br /> e •�
<br /> � (i. Trustor�ll egularlylinspecdt�he�Froper�ryII mon�ot fithe auviries�and opegations on the Pmperty, and confirm that `r','�a�i.`�r���`!.` ��T
<br /> � , :I�C::���Yr�.�.l��•,:..
<br /> r all permits, licenses or appmvals r�quired by any applicable Envlronmental Law are obtained and complied with. •r:?'';;'x'�:
<br /> H. Trustos will permit, or cause.any tenunt to p�ertnit, Beneficiary or Beneficlary s a�ent to enter sud inspect dte •,�,. ,. : • - �,.r.
<br /> Property and review a]1 records at any reasonable time to determine(1) the existenaz. lecation and nature of aaa.}• �. :
<br /> I-Iazardous Substance on, under or about the Propeny; (2) the existence, location. natu�e, and msgnitude of any , ';,
<br /> Hazatdous Substance that has been released on, under or about the Property; or(3)whether or not Trusror and any
<br /> tenant am in compliance with appl icable Environmentul Law. `.
<br /> L Upon Beaeficiary's mquest and at any time, Trustor agmes, at Trustor's expense, to ea�age a qualified
<br /> environmental engineer to prepare an�nvironmencal audit of the Property and to submit thc results of such audit to
<br /> Beneficiary. The choice of the �nvit�onmental engineer wlto will perform such audit is subjoct to Beneficiary's
<br /> ,.
<br /> .
<br /> . .
<br /> _• - _" ,
<br /> � approval. � - -_
<br /> I J. Beneficilry has the ri�t, but not�he obligaYion, to per[orm any of Trustor's obligntions undcr this section at
<br /> � Trostor's expense.
<br /> K. As a wnscqucnce of any breach a(any rcpresencation, warranty or promise m�de in this section. (I) Trustor�vill �
<br /> ' I indemnify und hold Beneficiary�d Beneficiary's successors or assigns hamiless from mid ngninst all losses,clairr.s,
<br /> dem�nds, liabilitics, d.�unages,cleanup,respoase an d rem e diation c;os ts, penalties and ex p enses, includin g withaut �
<br /> limitntion:ill costs of litigation a�d attomeys' fees, which Cienefieiary and Beneficit�ry's suucessocs or assigns may
<br /> sustain; and (2) at f3encticlary's discr�etion, Beneficiary may release this Qec�i of Trust :md in n:eum Trustor will
<br /> provide Beneticiary with colloteral of at Ieast equal v:►lue to the Property secumd by this Deed of Trust without
<br /> prrjudice to:+ny af Brncficiary's sights undcr this D��cd of Trust
<br /> � � popo 4 0l 6
<br /> r
<br /> - 9t@3JOenta�5r�tnme,��x.5� C�ad.MNi�800�3i7�2J1nPamA6rCQ•OrNE 8��3�90
<br /> ` , ,
<br /> I I 7
<br /> .- . ._ .. . . _._ . " __. _ "'•_—__
<br /> ... �.1 _ .-.
<br />
|