Laserfiche WebLink
2 0�. 2 Q 013 "7 DEED OF TRUST <br />Loan No: 101247790 (Continued) <br />Page 2 <br />PAYMENT AND PERFORMANCE. Except as otherwise provided in this Deed of Trust, Trustor shall pay to Lender all <br />amounts secured by this Deed of Trust as they become due, and shall strictly and in a timely manner pertorm all of <br />Trustor's obligations under the Note, this Deed of Trust, and the Related Documents. <br />POSSESSION AND MAINTENANCE OF THE PROPERTY. Trustor agrees that Trustor's possession and use of the <br />Property shall be governed by the following provisions: <br />Possession end Use. Until the occurrence of an Event of Default, Trustor may (1) remain in possession and <br />control of the Property; (2) use, operate or manage the Property; and (3) collect the Rents from the Property. <br />Duty to Maintain. Trustor shall maintain the Property in tenantabie condition and promptly perform ell repairs, <br />replecements, and maintenance necessary to preserve its value, <br />Compliance With Environmental Laws. Trustor represents end warrants to Lender that: (1) During the period of <br />Trustor's ownership of the Property, there has been no use, generation, manufacture, storage, treatment, disposal, <br />release or threatened release of any Hezardous Substance by any person on, under, about or from the Property; <br />(2) Trustor has no knowledge of, or reason to believe that there has been, except as previously disclosed to and <br />acknowledged by Lender in writing, (a) any breach or violation of any Environmental Laws, (b) any use, <br />generation, manufacture, storage, treatment, disposal, release or threatened release of any Hazerdous Substance <br />on, under, about or from the Property by any prior owners or occupants of the Property, or (c) any actual or <br />threatened litigation or cleims of any kind by any person relating to such matters; and (3) Except es previously <br />disclosed to and acknowledged by Lender in writing, (a) neither Trustor nor any tenant, contrector, agent or other <br />authorized user of the Property shall use, generate, manufacture, store, treat, dispose of or release any Hazardous <br />Substance on, under, about or from the Property; and (b) eny such ectivity shall be conducted in compliance with <br />all applicable federal, state, and local laws, reguletions end ordinances, including without limitetion all <br />Environmental Laws. Trustor authorizes Lender end its agents to enter upon the Property to make such <br />inspections and tests, at Trustor's expense, as Lender may deem appropriate to determine compliance of the <br />Property with this section of the Deed of Trust. Any inspections or tests made by Lender shall be for Lender's <br />purposes only and shall not be construed to create any responsibility or liebility on the part of Lender to Trustor or <br />to any other person. The representations and werranties contafned herein are based on Trustor's due diligence in <br />investigating the Properry for Hazardous Substances. Trustor hereby 11) releases end waives any future claims <br />against Lender for indemnity or contribution in the event Trustor becomes liable for cleanup or other costs under <br />any such laws; and (2) agrees to indemnify, defend, and hold harmless Lender against any end all claims, losses, <br />liabilities, damages, penalties, and expenses which Lender may directly or indirectly sustafn or suffer resulting from <br />a breach of this section of the Deed of Trust or as a consequence of any use, generation, manufacture, storage, <br />disposal, release or threatened release occurring prior to Trustor's ownership or interest in the Property, whether or <br />not the same was or should have been known to Trustor. The provisions of this section of the Deed of Trust, <br />including the obligetion to indemnify and defend, shall survive the payment of the Indebtedness and the satisfection <br />and reconveyance of the lien of this Deed of Trust end shell not be affected by Lender's acquisition of any interest <br />in the Property, whether by foreclosure or otherwise. <br />Nuisance. Weste. Trustor shall not cause, conduct or permit any nuisance nor commit, permit, or suffer any <br />stripping of or waste on or to the Property or any portion of the Property. Without limiting the generality of the <br />foregoing, Trustor will not remove, or grant to any other party the right to remove, eny timber, minerals (including <br />oil and gas), coal, clay, scoria, soil, gravel or rock products without Lender's prior written consent, <br />Removal of Improvements. Trustor shall not demolish or remove any Improvements from the Real Property without <br />Lender's prior written consent. As a condition to the removal of any Improvements, Lender mey require Trustor to <br />make arrangements satisfactory to Lender to replace such Improvements with Improvements of et least equal <br />value. <br />Lender's Right to Enter. Lender and Lender's agents and representatives may enter upon the Real Property et all <br />reasonable times to attend to Lender's interests and . to inspect the Real Property for purposes of T�ustor's <br />compliance with the terms end conditions of this Deed of Trust. <br />Compliance with Govarnmental Requirements. Trustor shall promptly comply with all laws, ordinances, and <br />regulations, now or hereefter in effect, of all governmental authorities appliceble to the use or occupancy of the <br />Property, including without limitation, the Americans With Disabilities Act. Trustor may contest (n good faith any <br />such law, ordinance, or reguiation and withhold compliance during any proceeding, including appropriate appeals, <br />so long as Trustor has notified Lender in writing pr(or to doing so and so long as, in Lender's sole opinion, Lender's <br />interests in the Property are not jeopardized. Lender may require Trustor to post adequate security or a surety <br />bond, reasonably satisfactory to Lender, to protect Lender's interest. <br />Duty to Protect. Trustor agrees neither to abandon or leave unattended the Property. Trustor shall do all other <br />acts, in addition to those acts set forth above in this section, which from the charecter and use of the Property are <br />reasonably necessary to protect and preserve the Property. <br />DUE ON SALE - CONSENT BY LENDER. Lender may, at Lender's option, declare immediately due and payable all sums <br />secured by this Deed of Trust upon the sale or transfer, without Lender's prior written consent, of all or any part of the <br />Real Property, or any interest in the Real Property. A"sale or transfer" means the conveyance of Real Property or any <br />right, title or interest in the Real Properry; whether legal, beneficial or equitable; whether voluntary or involuntery; <br />whether by outright sale, deed, installment sale contract, land contract, contract for deed, leasehold interest with a <br />