20]202872
<br />H. Trustor will permit, or cause any tenant to permit, Beneficiary or Beneficiary's agent to enter and
<br />inspect the Property and review all records at any reasonable time to determine 11) the existence:
<br />location and nature of any Hazafdous.Substance on, under or about the Property; 12) the existence,
<br />location, nature, and magnitude of any Hazardous Substance that has bean released on, under or
<br />about the Property; or (3) whether or not Trustor and any tenant are in compliance with applicable
<br />environmental Law.
<br />I. Upon Beneficiary's request and at any time, Trustor agrees, at Trustor's expense, to engage a
<br />qualified environmental engineer to prepare an environmental audit of the Property and to submit the
<br />results of such audit to Beneficiary. The choice of the environmental engineer who will perform such
<br />audit is subject to Beneficiary's approval.
<br />J. Beneficiary has the right, but not the obligation, to perform any of Trustor's obligations under this
<br />section at Trustor's expense.
<br />K. As a consequence of any breach of any representation, warranty or promise made in this section, 11)
<br />Trustor will indemnify and hold Beneficiary and Beneficiary's successors or assigns harmless from
<br />and against all losses, claims, demands, liabilities, damages, cleanup, response and remediatien
<br />costs, penalties and expenses, including without limitation all costs of litigation and attorneys' fees,
<br />which Beneficiary and Beneficiary's successors or assigns may sustain; and 121 at Beneficiary's
<br />discretion, Beneficiary may release this Deed of Trust and in return Trustor will provide Beneficiary
<br />with collateral of at least equal value to the Property secured by this heed of Trust without prejudice
<br />to any of Beneficiary's rights under this Deed of Trust.
<br />L. Notwithstanding any of the language contained in this Deed of Trust to the contrary, the terms of
<br />this .section shall survive any foreclesure or satisfaction of this Deed of Trust rcgardlpss of any
<br />passage of title to Beneficiary or any disposition by Beneficiary of any or all of the Property. Any
<br />claims and defenses to the contrary are hereby waived.
<br />20. CONDEMNATION. Trustor will give Beneficiary prompt notice of any action., real or threatened, by private or
<br />public entities to purchase or take any or all of the Property, intruding any easements, through
<br />condemnation, eminent domain, or any other means. Trustor further agrees to notify Beneficiary of any
<br />proceedings instituted for the establishment of any sewerr water, conservation, ditch, drainage, or other
<br />district relating to or binding upon the Property of any part of it. Trustor authorizes Beneficiary to intervene
<br />in Trustor'. name in any of the above described actions or claims and to collect and receive all sums
<br />resulting from the action or claim. Trustor assigns to Beneficiary the proceeds of any ayuard or claim for
<br />damages connected with a condemnation or other taking o; all or any part of the Property, such proceeds
<br />shall be considered payments and will be applied as provided in this Deed of Trust. This assignment of
<br />proceeds is subject to the terms of any prior security agreement.
<br />21, INSURANCE. Trustor agrees to maintain insurance as follows:
<br />A. Trustor shalt keep the Property insured ogainst loss by firs, theft and other hazards and risks
<br />reasonably associated with the Property due to its type and location.. Other hazards and risks may
<br />include, for example, coverage against lass due to floods or flooding. This insurance shall be
<br />maintained in the amounts and for the periods that Beneficiary requires- What Beneficiary requires
<br />pursuant to the preceding three sentences can change during the term of the Secured Debt. The
<br />insurance carrier providing the insurance shall be chosen by Trustor subject to Beneficiary's approval,
<br />which shall not be unreasonably withheld. If Trustar fails to maintain the coverage described above,
<br />Beneficiary may, at Beneficiary's option, obtain coverage to protect Beneficiary's rights in the
<br />Property according to the terms of this Deed of Trust.
<br />All insurance policies and renewals shall be acceptable to Beneficiary and shall include a standard
<br />..mortgage clause" and, where applicable, "beneficiary loss payee clause." Trustar shall immediately
<br />notify Beneficiary of cancellation or termination of the insurance. Beneficiary shall have the right to
<br />hold the policies and renewals. If Beneficiary requires, Trustor shall immediately give to Beneficiary all
<br />receipts of paid premiums and renewal notices. Upon loss. Trustor shall give immediate notice to the
<br />insurance carrier and Beneficiary. Beneficiary may make proof of loss if not made immediately by
<br />Trustor.
<br />Unless Beneficiary and Trustor otherwise agree in writing, insurance proceeds shall be applied to
<br />restoration or repair of the Property damaged if the restoration or repair is economically feasible and
<br />Beneficiary's security Is not lessened. If the restoration or repair is not economically feasible or
<br />Beneficiary's security would be lessened: the insurance proceeds shall be applied to the Secured
<br />Securl1'ty inevomgnt- Carcm¢rcial: Agriculivral -NE AGCc-REGI NE 71112011
<br />VMP© saO.e ey¢tem¢iM vmP- c_e91NEi n1071.00
<br />V,Vte,s power Fmer'cle: Servio¢s ®15 E3, 201 : Pose 7 0' 10
<br />
|