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<br /> ' 'Pmcoods')I�connoctlon with condo���nntlor�or olhur taklnc�ol tha Pragrrty or pArt thereol,or for convoyanco In Ileu ot condemnatton.
<br /> Londer ehnll bo ontitled nt Ita o�tlon to commoncfl,�p�saar in and pro�rr�atn i�ti Ra own nnmo nny acllon or procoodings,�nd shall oleo
<br /> bo ontitlod to make any compramise or sattloment In c;c�nnectian�vllh�uch►,��'Ring or dnmaflo.In theall sur.hny oc;QOds�f aftorPdodu tln�
<br /> so takun or domagod, Lendot shAii hAVO tho option in Ils Sole an� Ubsoi�;rt�+dlucretlon, to App y p
<br /> thorolrom all costs ond expanso;,Incurred by il In rAnnoction wlth such Pr�nc4ada,upon any indebtednass securod horoby And In suah
<br /> order es Lander may dotermine,or to apply All suc�ti Pvocoeds,nii�r au�h d��.1�+�•lions,to ihe restoratlon ot the Propnrty upon such con-
<br /> ditlons as Lender may determine.Any epplication ot Proceeds to Ind2b:nxfro�+s:t shall not extnnd or postpane tho due d�to ai any pAy-
<br /> ' mant�unAnr the Note,or cure eny dafault thereundnr or heround�r.Any urs�np9�Mf funds ahali be pald to Trustor.
<br /> 9. Ptrfartn�nce by Lender.Upon the occurrQnce of an �vent n1 pFt��uit hereunder, or if any act Is takon or lac�al prncs�dinc�
<br /> � commonced whlch mate�ialiy aftects LondePs Interoat in tho Prape+ty,Lmnds+�msy In its own discretlon,but without obilgation to do so,
<br /> �. end without notice to or demand upan Tru�tor end without roleasirt�Tn�etaT irpsn any obligadon,do eny act which Trustar has agroad
<br /> � bu!feiled to do and may elso do any other act il dooms necessary ta p7mt�ct the security hereof.7rustor shall, immediatoly upon
<br /> '� demand therefor by Lendor,pay to Lender ali cosls and expenses Ir��uttc�d;:►nd:aum5 expended by Lender in connecNon wfth the exer-
<br /> clse by Lonsfer oi the toregoing flghts,together w,th interest lheraon at thi.�d2R4it�U rete provldad in the Note,whlch shall be addQd to
<br /> �• lf�e Indobtedness socurod hereby.Lender shall nat Inaur eny Ilabiiiry becauso ot�nything it may do or omit to do hereunder.
<br /> 9.Hazrrdoua Materials.Trustor shall keop the Property�n comg�sir�ma wtith ali applicable laws,ordinanoss end regulations
<br /> relating to(ndustrial hygtene or environmantel proter.tion (colloctively rotE�rc�►d td loareln as'Environmentai Laws'1. Trustor shall keep .,�_
<br /> thv Property free from ail substances deemed to bo hazerdous or taxic urzcl2r any�nvirnnmental lsws(collectively referrod to herain ,f,__,
<br /> es"Hazerdous Materials').Trustor hereby warrants and represonts ta L�n�1�r ttit+?there ere no Hazercious Matodals on or under the ��+_
<br /> ' Property.Trustor hereby agrees to Indemnify and hold harrniess Lond�r,it�dir�fl�cais,officers,employees end ac�ents,and any succos- ,ti�._
<br /> �� sors to Lenders Intorest,from and against any smd ali clalms,damagas.Ic�ssos�s�d Iiabilides erising in connectlon with the presence, ��--
<br /> use,disposal or trensport oi eny Hazardous Ma9ori�ls on, under,fram or ab�ut tt�H Property.THE FOR�GOING WARRANTIES AI�1D ;_`
<br /> REPRESENTATIONS,ANO TRUSTOR'S OE3LICyATiQ�PIS PUR3UANT Tf,! 71iF FORHGOING INOEMNITl, SHALL SURVIVE _v^�e
<br /> •; RECONVEVANCE OF THIS DEED OF TRUST. �:- `
<br /> " 10.As�tgnment of Rents;.Tnrstor herefby osslgns to Londer,and flrnnt�l.ender a secu�ity Interest In, all present, future and ,�_:_.
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<br /> �• ,,: after a�tsing rents.Issues and pmfits of lhe Proparry; provided that Trustar shali,un►;3 the occurronce of en Event of Detault, hereunder. ^�_,
<br /> ` have the rtght ro collect and retain such rents,Is:sues and profits as they b�pom�ct�ue and payable.Upon the occurronce of an Event oi �,�:-
<br /> " °� qefouit,Lender may, efther in person or by a�lant,wlth or w(thout bringiro�any Aty�on or proceeding, or by a receiver appolnted by a �.�,__�
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<br /> ,,,,, court end without regard to the adequacy of i,s�ecu�ity,enter upon and tF�ko paa:xusion of the Property,or any part thereof,fn its own �
<br /> � ° nama or In the name of the Trustee, and do ony aata which it dEams n�aos5s..�n�or desirable to preserve the value,marketabilfty or �-_,
<br /> �,� rentability ot the Property,or any part thereot or Inlerest theretn,or to ina�tas4►Tio income therefrom or protect the security hereof and,
<br /> with or without taking possession of tho Property,su�a tor or othervvloe colir•ac!thF tents,Issues and proflt�thereof,induding those past �-T
<br /> due and unpald,by not(fy(ng tonants to make peyments to Lender.Lenc�or may z+pply rents,issues end profita, tess costs and expens• _
<br /> '� es of operatlon �nd collectlan including attom�ay's fees,to any indebtair,�ss s�cured hereby,a11 In such order as Lender may deter- _
<br /> v .,.....,�o „ *►,p _ :rty, tha colt�:c,tirn uf such rents,issuos and profits, an�the epplicat;on
<br /> mme.�8 enieriny upu�� a��d wk�ii� �-.�CtT...f _._ P��M'
<br /> � thereof as aforesald shall not cure or waive any dofault or notico of detaust h�r�iunder or invalldate any act done in response to sucn
<br /> � dsfautt or pursuant to such notice of default:�nd, notwithstandUg tha conU�•nionce In possecsion of the property or the collection, _
<br /> recelpt and appltcation of rents,(ssues or proflts,Trustee and Lendor ah�tl tas andtled to exerclse every dght provided for in eny of the
<br /> ° � Loan Instruments or by law upon ocaurrence of any Event of Dehult,in�u�3r��without limi�tion the right to exerclse the power of sale. _
<br /> Further,Lender's rights end remedles undcar this paragraph sh�ll t�e cun���'ati��witn,and in no way a IimitaUon on, Lender's rights and "�_'___
<br /> �.• remedles under any ass�ti�m�ni ui��sY-r�-� �'"•^�"�°-'� °�AinRt thm Prcr�rty.Lender,Ttustee aRd the recelver shall be 1(abfc�tn �+��
<br /> • account onty for those rents actualfy rece(ved.
<br /> 11.Eve�ts oi DefaaEL The following sh�ll consUtuto en Evont oi D�fiu'r�under this Deed ot Trust:
<br /> _. (a)Failure to pay ar+y installmont of pdncjpal or Intorast or any o�t►:7 s:im secured hereby wl�en due;
<br /> (b)A breach of or default under any provislon contmtne�d in thF Ncl�,this Deed of Trust,eny of the Loan Instruments,or any
<br /> other Ilen or encumbrance upon the Pnsperly; _
<br />�•,�:����._ (c)A writ of ox6cutfon or ettachment or any similnr pro�ss sh�112�e antered agalnst Trustor which shall become a Ilon on _
<br />`:`'�•r l.•:•�•':' ; the Property or any portion thereof or interest therein;
<br />="' '-�"" (d)There shatl be flled by or againsk TN3tor or Bonower an actfo;�under any prasent orfuture taderal,state or other statuto,
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<br /> fr. �- law or reguiation retating to bankruptcyr. Ineolvency or other ro114?zar dcbtors;or thors ahall bo eppolnted 9ny trustoe,receiver or
<br />='�`~?��:�'�`�;'� Ilquidetor of Tn�stor or Barower or of afl or sny part oi the Prog��1Y.or piie rents,itssuos or proflts thereof,or Tn,stor or Bortower
<br />�.:-'.,}...,`'`,;:',:. shail make any general assignment for 4he benefit o(croditora;
<br /> _.�.,ti;�Y����.,.:�;�' (e) 7rie sale, trenater, lease, ausl�nment,convoyanco or h+��T oncumbrance of bll or any pa►t oi or any Interest in the
<br />�;;����•. proper:y,either valuntarl�y e�Invaluntsnly,e.blUx±�!t ihe exprosa vniShun consent of Lender,providad lhat Trustor shall bei perm�t- `
<br />�:.�r,` ���<,-_ ted to execute e lease of the Properq�that does not contain�n v►�tion to purchase and the tertn of whiah cloes not exceed one
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<br /> - ���•'�•° (fl Ahandonment of the Property;or -
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<br /> �^t~°� (g) If Trustor is not en Individual,the Issuanco,cala,tr�nsfe�.�sstgnment, conveyance or encumbrence of more than ((t e
<br /> !"�'��.�,-,r: � •' corporation)e totel of peroent o(its Isaued a��d Otic�ctanding stock,or pf a partnershlp) a total ot per-
<br />__ - "':�Q,.'_ . cent of partnership interests,or(if a Ilmited lfabifity cornpany?a total oi _ porcent oi the lim(ted ifabflity compa-
<br /> • - ny interests or voUng rights dudng the pedod thls Deod of Tnist�remains e Ilen on the proporty.
<br /> - � ;� 12.Ramedias;Acceteratlon Upon D�tault.In tho evant os�.e+y Event of Default Lender mey,without notice except as requfred -
<br /> by law,declare all fndebtednoss securod hereby t�be due and payN:ro and the same shall thereupon beoome due and payrable with-
<br /> •'�':�`�� out eny presentment,domand,protest or noUco of any kind.Thorpa4Dn�Lvnder may: -
<br /> -• � '�'. (a)Demand that Trustee exerclse the POWER OF S�+LC granted hereln,end Trustee shall theroafter r,auso TrusWr's inter- _
<br /> est In the Property to be sold and Grie proceeds to bo dlstri6ukod,all in the m�nnar provided in the Nebrest;a Truat Deeds Act; _-.—
<br /> - � (b) Exarcise eny and ali rlphts provlded to� In a��y o9 the Loan Instnimants or by taw upon occurroncD of any Event ot -_::
<br /> -_ ° Detau{t;and �`
<br /> _ � (c)Commenco an actlon to foredcse thin Deed o6 Tn�t as a mortgage,appolnt a receiver,or specificaily enforce any of Ihe � ;_
<br /> covenants hereof.
<br /> -• - No rems�y herein conferted upon or reserved ro Truste�o or d.onder is li�tonded to be excluaive of any othor remody hereln,in tho Loan
<br /> - in ttio Loan InsUum nts or inow or ha eaftetlexisting o Iewlnr n oqufty er by stetute,iand mitay be exe�rcf ed concurerently`vindependent y �
<br /> _ - - or succesively.
<br /> 13.Trustee.The Trustee mey resigre at eny ti�tta without cause,and Lendor may�t any time end without causo appofnt a suo-
<br /> � cessor or eut�stltute Trustee.Trustee shall not De Ilable to any party,Including wlthout IlmitaUon Lender,Borrower,Trustor or any pur
<br /> chaser of the Properly,for any loss or damago unlasa duo to reckless or wflltut misconduct,and shail not be required to teke any ectlon
<br /> In conn8ction with the entorcement of this Deed of Tr���t unloss indemnifled,In writfng,for ell costs,compensetfon or expenses which
<br /> may be assoGated therewil�►.In additfon,Truetee may UQCamo a purchaser et any sale of the Property Qudiclal or under the powar of
<br /> - salo grented herefn);postpone the sale oi ail or any po�ion of the Property,as provided by law;or sell the Property as e whole, or in
<br /> - separete paroeis or lots et Trusteo's discretlon.
<br /> 14.Fees and Expon:.es.In tho evont Tnastao sells the Property by exercise of power oi sale,Trustee shall be entitled to aaply
<br /> any sale proceeds first to payment of all costs ond uxponses of exerGsfng power oi sale,including all Trustse's fees,and Lendor's and ,
<br /> � Trustee's eitomey's fee3, actualiy incurred to oxtent p�3imftted by applicable law.In the event Borrower or Trustor exerclses any dght
<br /> providod by law to curo en Evont of Default, Londor sh�ll b�entltled to�cover from Trustor ell costs end expenses actually fncurced es
<br /> a result of Trustor's de9auit,fnciuding without Ilm'.:3llon all Trustae's and attomey's fees,to the exlent pertnittod by applicable law.
<br /> 15.Future Advances.Upon roquest of Bamawer, Lender may, at Its option,make additlanal and future advancos and read-
<br /> vances to Borcower.Such advances and readvanees,with interest thereon,shall tre secured by lhis Deed 4T Trust.At no time shall the
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