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<br /> • : � ' 97-� 103137
<br /> RE•RECORD�O �T��" ',�.U�7.��
<br /> policies,the l.ender Is au�horized to ndjust,callr.ct and campromisc all clafms thereuniler and shell havo the opdon
<br /> oP npplying all or prn uf tlu Insuranee pruceeds(I)tc�eny indebted�e�s secured hereby and in sucl�order as Lender
<br /> may detennino,(il)to tho'frustur ta be uscd for�hc+rr,pair or restorntion oF the Property,or(iii)for eny othcr
<br /> purpose or obJect s�tisfactory to I..euder witt�nut nf'facting the lien of tliia C►eed of 1'rust for tho full nmount sesured
<br /> hereby befora such peyment ever took place. An}�appllr.aUon of proceed�to indebtednes�ehell nnt extend or
<br /> pv9lNoiie tl�o duo dato oCa�iy paymcnts undsr 1ho 1�lotcr,ur cure ony defnult thercundcr on c�reunder.
<br /> 5. FS�iQ]Y• Upon written dcmencl by Ln�d��r."Prustor shall pay to Lender.�n such manner es Lcnder may
<br /> deaignato,sufficient sum�to enable Lender to pay as tl�oy bccume due uno or moro of the following: (I)nll texea,
<br /> assessments end athcr cha�ges egninst tho Propeny:(lf)the premiams on the praperty insuntnco requircd hereunder,
<br /> ar.d(iii)tho prcmiuma on nny mottgage Insurnnco rr.quircd by Lender.
<br /> 6 „_;....��n�.. pin1�I�4 Q�d Coi1�[���R(IGII�YAU��. Truator shell keep the Property in good condiNon
<br />- and repair;shnll promptly repnir,or replece,any improvement which m�y be damaged or desKayed;shsll not
<br />- commit or pennit nny w�ste or dcteriorntian of th�Property;shell not removo,demolish or substnntinlly alte�any of
<br /> the improvements on the Property:sliall not commit,sutlfer or pennit any act to be done in or upon the Property in
<br /> violatton of nny lew.ordinance or regulation;and shnll promptly Jischerge st Trustor's cost and expe�sse all liens,
<br /> encumbrances and charges levied,imposed or assessed against the Property or any part d►ereof.
<br /> �, Fyp�pyp�. Lender is hersby assinned all compen.satton,�wards.datnages end other paymer�U or
<br /> ro9ief(hereinnfter"Proceede")in connection wlth condemnntion or other taking of the Pcoperty or part thereof,or
<br /> for conveyance in lteu of condemnation. Le�tder shnll be entitled at its option to commence,appear in and prosecute
<br /> in i��own�eme any action or proceedings,and shall also be entitled to makc any compromiso or settlement in
<br /> connectlon with such taking or dnmege. In tho ovent any portion of the Property is so taken or damaged,Lender
<br /> sh�ll havo tho option.it its sola and sbsolute discrctlon�to epply RI!such Prceeeds.after deducting therofrom ell
<br /> costs and oxpenses inaunred by it tn connection with anch Procetds�upon any indsbtedness secuced hcreby And in
<br /> such order a+Lendet may detettnine,or to apply all such Proceeds�after such deductions,to the restvration of the
<br /> Property upon such conditic�ms�s Lender mny dotormine. Any�ppNcat{on of Proceeds t�indebtedness shell not
<br /> extend or post{wne thc due datc of any pwymcntn undcr ti�e Note,or cure any default thtreunder or f►e�eundor. Any
<br /> unapplied Nnds shell bo p�id to i rusior.
<br /> g, �j �ca�y l.�ndoc. Upon tha occumenw of an Event of Default herai�nder,or if any act is taken or
<br /> i�gal prviceeding commenced,which mnterially ef'fccts Lender�intere�t in the Property,Lender may in tta own
<br /> diacretlon.but wlthout obligation to do so,and without notice to or dennrnd upon'Trustor aad without roleesing
<br /> Trustar from any obligetion,c!o eny s�ct whicl�Truator hu agrad but fai3s 2o da and may nlw do eny other act it
<br /> cleema necessary to protect the aecurity hercoF Ttustor shell.immedintely upon demsnd therefor by Lender.pay to
<br /> I..ender ell cosb end expenses incurred and sumfl expended by Lender in connection with tl�e exen:ise by Ixnder of
<br /> the indebtednesa sec�rcd hereby�hLendar sh�ll noi incur eny li�bility beca so of anything�it may doaor mtt ocdo
<br /> hereandcr.
<br /> ordinence nd rcgul,et ons rclating to Indust fA'I hy�iene or env�f onmen alprot ct on(collectively'referred to herein
<br /> as"Environmental Law�"). "fYustor shall kecp tl�o Propeny freo from nU subatancea decmed to be hazerdous or
<br /> toxic under nny Sr►vironme�tal Laws(colk:ctively referred to herein es"Hazardous Matcdnls"). Truator hereby
<br /> warrants end reptesents to Lender that tharc are no Haxardous Materiels on or under the PropertY• Trustor hereby
<br /> agrea to indemnify end hald hArmles�Lender,ite directots.officers,employeea end a.ge�nW.and uny successoro to
<br /> (.endet's interest,from ee�!against nny snd all clnitns,dama�es,losses and liabilities arlsing in connection with the
<br /> preaence�use disposal or Irai�apurt uf any Haznrdaus Materiale on,under,from or nbout the Property. THE
<br /> HE F REDO N�R D6TMNITY,SHALL SURV VE`RECON VEYANCE OF THBS DEED OF TRUSTUANT TO
<br /> 10. A�•ignmenn�of Rents. '(Yustor hereby assigns to Lender tho rents,issue�and profits of the Property,
<br /> _ • provided thst Trustor shall�u�til the occutrence of an Bvent of Default i�ereunder.hnve the right to collect and
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