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<br /> t�' "Proceeds"j In connaction with candemnatlon or ot�er taking ot the Proporty or paR therool,or lor conv yan�o n lau o co emnatlon. __
<br /> ,. Lender shall be entiiled et(ts optlon to commence,appear{n and prosecut�In Ite awn name eny actlon or prorsad�ngs,and shall nlso �
<br /> be entiiled to make eny compromi�oe or settiemont In connectlon wlth euch tnking or damr�po,In tho ovent ony�rtlon ol iha Property Is
<br /> so taken or damagad, Lan�4er s'�all have the optlon In Its solo and nbsaiuto�tlscrolion, to apply all euch ptOGi3pd8, n(tor dsductlnp .
<br /> theref�om all casts and oxpansoa incurred by It In connection wlth such Procoeda,upon any Indebtodnesa�ACUrod heroby and In such
<br /> ;� order as Lender may determ ine,or to apply all such Procseda,etter such deductions,to the reutoratlon o1 iha Proparty upon ouch con-
<br /> dltlons es Lender may deterrnlno. Any appllcatlon o1 Proceede to Indebtudnesa ehail not eztend or postponn Ihe due deta ot any pay
<br /> ments under the Note,or cure eny detauit thereunder or hereunder.Any unapptled funds eholl ba pald to Truator.
<br /> � � b.P�Ao�m�nes by Lend�r.Upon tho occurronce o!an Event of�etAUlt hereundor,or I!any act la tak�n or IeQal proceeding �
<br /> - �' commencod which matedelty eHecto Lender's Interet�t In tho Property,Lender mny in ilo own dlscretion,but wlllioul ob!IQation to cb so,
<br /> .•,,� and wlthout notice to or demadl upon Trustor and without releasinp Tn�ator trom eny obllg�tlon,do eny aat whtah Trustor has eflreed -
<br /> .-��. but fa:led ta da und msy�!:o d:,:r.f cits�r act It drsms ne�:N�r,ta p�at�,;i t:���u�� hcr�f.Truat�r sh311,Imm��lstyly u�n
<br /> damand therefor by Lender, pey to Lender ail costs and expanses Incurred and suma expended by Lender i n connection with the exer-
<br /> ,�� cise by Lender oT the loregolr�g rtght�,together with Interest thoreon at the defnult re�e provided in the Nat�,which shall be added to
<br /> the iidebtedness secured hereby. Lender shall not Incur any Ilabflity becauoe af anything It may do or omit tc�do horounder. _
<br /> 8. Huardaus IMet�r��b, '1'mstor ehall keep the Property In co�npllunce wfth all appHcable lawa,ordinances ar►� repulatlana -'
<br /> relaUng ta industdai hygionv or onvironmontni protoctlon(colloctivoly roforr�d to horolr�r�s'Environmontal 4mv�").Tn�stor ohall koap ��=
<br /> , the Propertyfrsf,from ali eubs�nces deemed to be hazardoua or toxlc under eny Environme�tai Laws(coflecfively reterred to heretn ��_
<br /> � �s"Hazandous Materials").Trustor he�eby warrants and representa to Lendar that there are no Hezerdous Matodnis on or under the -
<br /> � � Properiy.Tmstar hereby Agr�es to Indemnity and hotd ham�lesA Lender,ito dlrectors,ofiicers, employees and aganto.and any succes-
<br /> anre to Lenders Interest,fro-rn and agalnst any end all claims,damages,losses and Iiabilliles sristnp In connoction with the presence,
<br /> �. use,disposel or transQo�t o7 any }-1�ardous Matertals on,under,from or about the Properry. THE FOREGAING�WARRANTIES AND =
<br /> � REPRESENTATIQNS, AND TRiJSTOR'S OBLIGATIONS PURSUANT TO THE FOREGOINO INDEMNITY,SHALL SURVIVE _
<br />-- � . F�[CONYEYAL�lCE OF T}i15 OEE3}aF TRUST.
<br /> �� 10. Atsignments of Iimts.Truslor hereby asslgns to Lender,and grante Lender a seaurity Interest In,all present,future ar�d
<br /> after adsing renta,Issues and profits of the Pmperty;provided that Truato�shall,until the oocurtence of an�vent oi Default,hereunder, -
<br /> 1�' have the ri ht to collect and re1�n such rents Issues snd roifts as the become due end able.U on tha occurrenco of an Event of _._
<br /> 9 . P Y peY P �"
<br /> �`;-�i`, De(ault,Lender may,etther in person or by agen4,with or without bringing any action or proceoding,or by a receiver eppotnted by a r..
<br /> ,�;;i� court snd wiihout regard to the edequacy of fts security,enter upon and ta.ke possesslon ot the Properiy,or any paA thereof,In i2s own
<br /> name or(n ihe name of the Tmstee, and do any acts which it deema necessary or desirebfe to preserve the value. maricetabiliry or �`-
<br /> , rentabi�ty�t Ihe Propertyr,or any part thereoi or Intereat therein,or to increase the income thereirom or protact the secutlry hereo}and,
<br /> with or without taWng possessbn of the Property,sue tor or otherwise collect the rents,issues end protite thereof,Including those past
<br /> due Qhd unpaid,by notifying tena�ts to maka payments to Lender.Lender may epply rente,Issues and profite,leas costa and expens• =
<br /> es oi operation and collecNon hcluding ettomey's fees,to any indobtedness secured hereby.all in such order ae Lender may deter- -
<br /> � b mine. The entadng upon and teking possesslon of the Property,the coliection of such rents.issues and pro(Its,and the application
<br /> •:�� thoreof as aiore�aid shali no!cure or waive any default or notice of detault hereurtder or Invalidate any aot done In response to such
<br />_ uniniiCa Oi yi7iTsiidii t3 biii:i� ii'vui:v ui unf6Uil aiw', PiOi'�Niti��t6i�uiii� ti'i8�3i'itiiiUBii:n ii N'v�tirabnl'vii ti= 2hb �7f�pr�ii��i iiin wiino�i0i�,
<br /> racefpt end epplicstlon oi rente,Issues ar protits,Trustee and Lender shall be entitled to exercise every dgFtt provlded(or In any of the -
<br /> �°��' Loan 1 nsVuments or by Iaw upon oocurronce of any Event of Detault,Inc�uding without Omitetion the dght to oxeTClse the power ot eate.
<br />- . ,�•� • Further,Lendera dghta and �emedies under thts paragraph shall be cumulative with,and in no way a limitation aT,Lender's righte and
<br /> �,;,;:;,�:,,, remedies under any assignment of leases and rents recorded agalnat the Property. Lender,Truatee and the recefuer shali be Ifabie to
<br /> � accountonlyforthose rents aduallyrecelved.
<br />�-��4i�.r b.. 11. Ererib of Dst�ufQ.The tollowing ahall consUtuta an Event at Default und9r this Deed ot Trust:
<br /> �"'y-'��}`� (a)Failure to pay eny Instaiiment of pdncipal or interest of eny other sum socured horaby when d�e;
<br />=�°�:-i�,�r � (b)A breach of or default under an
<br /> y provision conteined in the Note,chis Deed of Trust,any of th�Loan Instruments,or any
<br /> '____,�1ra�:S other Ilan or encumbrance upon the Property;
<br />::.,�.,j,,��� (c)A writ of execuibn or attachment or any similar procesa shali be entered agalnst Trustor which ehan become a Ilen on
<br />:;;,.�.{rs�,� the Property or any po�tlon thereo}or(nterest therein;
<br /> �• ��_ -.�.T=g (�There shall be Tiled by or egalnst Truator or Borrower an action under any present or future fedaral, state or oiher statu4e,
<br />. -:c��,� law or regulation relatirg to bankruptay,Insolvency or other rellef for debtoB; or there shall be appolnted any tnisteo.receiver or —
<br /> Y� Ilquidator uf Trustor or Borrower or of all or any part of tho Property,or the re�ts,issues or profits thereot,oT Trustor or BoROwer
<br /> �"��'�E��; shali make any gener�l assignment tor the benefit of creditom;
<br /> `_�:,�;� (e)The sele,trenafer, teaue,�sslgnment,oonveyance or further encumbrance of eN or any part ot or any Interest in the
<br /> -__��� Prapedy,either volunlaay or Involuntarily,withcut the express wrttten consent of Lsnder,provided tfYat Trustor ahall be pertnit•
<br /> _'--=�=�`-R� ted to exocute e loase ol the Proporty that doea not contain an opUon to puT�chase end the tertn ot�vhich does not exceed one —
<br /> a yaa�c --
<br /> "=�.°.� (Q Abandonment of tl�e Pro}seRy;or
<br /> `�'��'�� (g)If Trustor ts notan individual,the Issuance, sale,transier,assignment,conveyance or encumbrance o?more tfi�an(ii e
<br /> - _----- corporatton)a total ot _percent of its issued and outstendtng stack,or pf a partnershlp)u t�iN oi �per-
<br />��-y�a cent of partnershlp interests,or(If a timited Iiabilriy company)a total of percent of the timiied ilability compa-
<br /> -`"-�.�'=� ny interests or voUng rights during the pedod thls Qeed of Trust remains a Ilen an the property.
<br /> ,.,.�^_r�:� 12. Remedlss;AccelenNon Upw�Detaait In the event of any Event o}Default Lender may,without nutice excepf as requlred _
<br />_,;:',dp��,�, by law,declare ail Indebtedness s�cured hereby to be due and payable and the same shap thereupon bsc;ome due and payable wfth- _
<br /> � '� � ` '� out any presentment,dctmand,protest or notice of any lcind.Thereatter Lender may: ��--
<br /> �`"`-��=� (a)Demand that Trustee exercise the POWER OF SALE ranted hereln.and Trustee shall thereattur cau�e Trustors inter• `� '
<br />:�:;...,..._�;. g ___
<br /> est In the Property to be sold a�d the proceeds to be dlstributed,all In the manner provided in the NebmeFca Tnist Deeda Ach --
<br /> � ''� (b)Exerctse any and all rtghts provlded for in any of the Loan Inst�urs�onts or by Iaw upon ocaurrc�nce of any Event ot ��
<br />- j�, �'. Detaul4;and =-
<br />_ . (c)Commence sn actlon to toreclose this Deed ot Trust as a mortgage,appolnt e recelver,or spscHlcaOy onforco eny of the °.s=
<br />- . covenants hereo}.
<br /> � • • Na rernealy herein conterred upon or reserved to Trustee or Lender I�Intended to be exclUSive of an other�emed heroin, in the Loan �,""
<br /> Instrurnents or by taw provid�edor permitted,but each shali be cumulaUve,shall be in addltbn to every other romeydy ghron hereunder, �~`�
<br /> In ihe Loan Instruments or nowor hereatter extstinr�at law or In equlry or by&tatute, and may be exercis.�d�oixurren6ty,IndepandenUy
<br /> .. - - or succesivdy. '~`�'
<br /> ,-��*�� f3.Trustss.The Truslee may reslgn at eny Ume wlthout cause,and Lender may at eny Bme and wRhout causo appolnt a suc- �� _
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<br /> ---• wssvr or swsmu�e i rus'sea. imsiee snaii noi oe�iaoie io any pariy,inaiuoing witnout iimnanon�ender,isoriowar,t ntsior or arry pur• �
<br /> „ chaser ot tho Properiy,for any bss or damag9 uniess due to recktass or w(Iiful misccnduct,end shall not be required to take any action
<br /> tn oonnection wfth tho enforcament ot thls Deed of Trust untess indemniilod,(n writinp,tor eil costs,compensatian or expenses wh�h
<br /> may be associated therewith.In additlon,Trustee may become a purcha^�r at any salo of Ihe Property Qud'as�l or under the power ot
<br /> sale granted herein);postpone tha sale ot ell or any portien ot the Pro�erty,as provided by law;or setl the Property ae a wholo,or tn
<br /> separate paroet�or lots at Tnusiva's discreUon.
<br /> � t4.Fees�nd Exp�nsa.In the event Trustee sells the PropeAy by exerclse ot power o}sata,Trustee shall be entltied to apply
<br /> any sate procaeda H�s2 to paymenY of all coste and exponses of exercisfng power of sale,including all Tn�stQe'e tees,and Lende�s and
<br /> Trustee's�ttorrwy's fees, actually Incurred to extent perrttltted by appl�ablo luw.{n Ihe event Borruwer or Tmstor exarCises any right
<br /> � provided by law to cure an Evenl of Default,Lender shail be entitled to recovar irom Trustor slt costa and exponses ectuaily incu��ed as
<br /> a resuit ot Tmstors clefault,induding without Ilm(tat4�n all Trustee's and attomey's feas,to iho extent permlttQd by appficabto law.
<br /> 1b. Futuro Advances,Upon request of Bonower, Londer may,at Its optlon,muke additional and i�lure advances snd read-
<br /> • vances to Borrower.Such advances and readvances,wilfi interest therean,shall be secu►rid by thls Deed of TNSt.At no timo shM the
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