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<br /> � ,�, . �:..�.��. .. _ ... . . ... , .., �?- 10669� �-�--_
<br /> � nnection with condemnatlon or other taking of the Property o� part thereol,or for conveyance In Ifeu of conAemnation. �
<br /> ^Proceeds') in co �;;=-.
<br /> Lendor she��b0akelelo co�mp�omise orse eman In connelctlon wilh suchtlaldn4 or dnmaflo. nnlho evnnl any port oIn ol the Proporly Is
<br /> ' be ent►t►ed to m Y
<br /> so teken or demegod, Lender shall hAVe the�fnt��nnectlan�wlth su h ProcoedldCUpon eny ndolbtednoss ae ured ereby nnd nustuch ��('
<br /> tNerefroro a11 cosls enc3 expai�sdw+�icurrc�d by Il n euch c.�rn
<br /> order as Lender may dotermin�,ar Ia app�Y All suGh Proceede,after euch doducQone,to Rm rostorntion o1 the Pro{sr�rtyr upo 4':
<br /> ditlons as Lender may detormina. My epP�ICaUon o1 Proceod�to Indebtodnea�shnll not axlond or posl�wno lh�duo dnta o}any pey
<br /> ments under tha Nole, or curfl any default thereundor or horeunder.Any unap{�
<br /> I{ed tund�ehall bo pnid ro Trustor "P
<br /> , g, po►formanco by Londor.Upon tho occurronce of en Evont Le dermah�in its own ci�acrollon bul wlthout obllgndonr to do qno,
<br /> '`�� nced whlch matorlally eHpcts Lendor's Interost In the Property, Y ��='`.
<br /> comme '
<br /> and withaut notice lo or domflnd upon Truator end without releasing Trustor from eny obllgatlon,do eny ect whlch Trustor he�agroo �.;,,,_
<br /> �:�� �1:..
<br /> demanldtherefor by Lendere,'pay to Lender eil costs and exp nses n urred end sums sxpended by Lender Inrco nloct on with thp oxar• -
<br /> ~ � � cise by Lender of tha foregoing righta.together wlth Interest thereon at the default rate provtded In the Note,which ehall be edded to v
<br /> � the indebtedness secured hereby.Lender shell not Incur any liabilfty beceuse ot enything Il mey�b�e r�ews�tobinancesnend reguteNona
<br /> nj g.Haz�rdoua M�teriet*. Trustar shell keep tho Property in compliance with all npp �
<br /> ; E. relating to indust�lel hyglene or envlronmental proteclion(collectively referced to herefn es"Enviranmentat Laws').Trustar shafl kaep
<br /> thn Properly iree from all substances d bmed�nba end rep esents tocLender thatEthere a eenolHazardocus Materlalsfon a�r under hIe _
<br /> � as'Hazerdous Malerials").Trustorhere y =__
<br /> � Property.Trustor hareby agreec to Indemnify and hold harmless Lender,its dlrectors,officers,employees and agents,and any succas-
<br /> � sore to Lendets interest,from and against eny and all claims,damages,losses and ifabilitiesTHE FOREOOINO WAiRRANTIES AND --
<br /> } use,disposal or trensport of any Hazardous Materlals on,under,from or about the Property
<br /> REPRESENTATIONS,AND TRUSTOR'S OBLIC3ATIONS PURSUANT TO THE FOREGOING INDEMNITY, SHALL SURVIVE �
<br /> RECONVEYANCE OF THIS DEED OF TRUST.
<br /> � 10. Asslynment of R�nts,Trustor hereby assigns to Lender, and grants Lender e security interest in, all present,future and
<br /> after arising rents,Issues and proflts oi the Property;provided that Trustor shail,untll the occurrence of an Event ot Default,hereunder.
<br /> have the Nght to coltect and retaln such rents,issues and profits as they become due and payable. Upon the occurrence oi an Event of
<br /> , �^ : Qefauit,Londer may,either in pee�u�C�Qf las ecurity,enter�upon a'nd teke possesis on of the P oipertyror any pa�tYthoeeoi�in its own
<br /> , �• court and wllhout regard to the ad q y do an acts which it deems necessery or deairable to preServe the value, marketability or
<br /> name or in the neme of the Tniatee,and y
<br /> � rentabllity of the Property,or any part thereof or Interest thereln,or to increase the Income theretrom or protect the security hereoi an ,
<br /> � wiifi or without taking possession of the Property,sue for or otherwise collect the renta,�is��g�ues a d'profltse essncostsna d expenst
<br /> � due snd unpeld,by notifyfng tenants to make payments to Lender.Lender mey apply
<br /> es oi operetion and collectlon Including etto slon ofthe Property thet callectlon of such rents,esauesuand profltssand the pplicatlon
<br /> ��nQ.Thp entedna upon and taking posses
<br /> thereof as aforeseid shall not cure or walve any deiauii or nuiica of dsfault"ersunder or Ir,valldate any act done in� tPho co iectbn,
<br /> �• .� default or pursuant to such notice oi detault and, notwithstanding the continuenco In possesalon of the property
<br /> . receipt and epplkation of rents,Issue�s en�of an Ev nt of De(aultrinc uId ng w thout�mihatlonethe right tohe erciseR he�p,ower ot sale.
<br /> . :.�>�, Loan instrumente or by law upan occ Y
<br /> z` ��� `•�•. Further,Lender's rights end remedies under this peregraph shail be cumulative with,and in no way a limiteUon on,Lender's�ights and
<br /> ct;.,; � .. remedles under any assignment of leases end rents recorded ageinst the PropeRy. Lender,Trustee and the receiver shall be lieble to
<br /> ;�y;�;n r r�� account oniy far those renta actually recelved.
<br /> r�_ .., 11.Ev�nb of D�hult.The fallowing shall constitute an Event oi Default under thls Deed of Trust:
<br /> "'°°�' `"`'• (a)Failure to pay any Instellment of p�inclpai or interest or eny other eum secured hereby when due;
<br />����.,�:",...'t„ (b)A breech of or defeult under eny provlsion contained fn the Note,this Deed of Tn�st,eny oi the Loan Instrumenta,or any
<br /> other lien or encumbrence upon the Property;
<br />- ��'�`.�s (c) A writ ot exacution or attachment or any simliar process ahall be entered ageinst Trustor whlch sheli become e Ilen on
<br />-:•I._�..s.-...._
<br /> =� the Property or any portion thereof or interest therein;
<br /> "`�''`�ti"'��'�� (d)Thore shall be filed by or agafnst Truator a Borrower an action under any present or future federal,state or other statute,
<br /> ��s�'=�v i�'�"� {aw or rogulslbn relsting to bankruptay,(nsoivenay or other rellai for debtore;or there ehail be appointed eny truatee,rece�ver or
<br /> .��.� rt oi the Property,or the rents,issues or proflts thereot,or Tnistor or Borrower
<br /> �W�,-��;, liquldator of Trustor or Borcower or of ell or any pa
<br /> -��:;r��:, shall make any general assignment for the benefit oi credltors;
<br /> 11:�'r�;r:,, (e) The eale, trenster, tease,assignment, cunveyance or further encumbrance ot all or eny paR of or any Interest in tha
<br /> _.: �;.. pmperty,eithur volunt�rGy or involunta hat d foes othco taln an option to pu hase a d he ermo which doe�s not lexceed one
<br /> -`_��r�i•, ted to execute a tease of the Property
<br /> - �;--- -•- year,
<br /> e��
<br />__�=� _� (f�fibandonment of lhe PropertY;or
<br /> ;��.{�`�. (g)lt Ttuslor is not an individual,the issuance,sale,transfer, assignment,ccmveyance or encumbrance ot more than(if a
<br /> _--�-=-'�''"'" corperra tlon)a total n! percent of its issued and outstending stock, or(if e partnershlp)a total oi Pe�-
<br /> �;,:w;�,�„- , r c e n t of the Iimited liability compa-
<br /> '"�°"'��L cent of partnershlp intere�ts,or(ii a timited ifabfllty company)a totel of Pe
<br /> "�,•'���" ny Interests a vo6ng rights during the pe�iod this Deed of Trust remalns a ifen on the property.
<br /> ' 12.R�m�dt�s;AccelKation Upo�Detault.In the event of eny Event oi Detault Lender may,without noUce excepi as requirod
<br /> ' � by law,declare atl Indobtedness secured hereby to be due and payable and the same shall theroupon become due and payable with• _
<br /> out any presenUr►ent,demand,protest or notice of any kind.Thereatter Lender may:
<br /> (a)pemand that TNStee exercise the POWER OF SALE granted herein,end Trustee shaii thereafter cause Trustor's Inter-
<br /> _ ' est���Exerese ant�and all�Mghtsprovded tor�n any ofthe Loa'n InsVuments or�by eaw upon occurrence of aDny�E ent of
<br /> . . (b) Y
<br />-` Default;and _
<br /> � , � (c)Commence an action to foreclose this Deed of Trust as a mortgage,appoint a receiver,or speciflcelly enforce any of the
<br /> , ; covenants hereoL -
<br /> No remedy 1�erein contetted upon or reserved to Trustee or Lender is fntended to be exclusfve of any other romedy herein,in the Loan
<br />_ x�,;:��'� , InsWmonts1a�e�tsror ow or hereaifte�r xisting et aw'ob ncequftytor by statue iand m�tay be�xeresed co cuent►y�,�ndependenlly -
<br /> 4 fn the Loan
<br /> : ' -- -" ---- _ - or suCwSivoij. . .,�_
<br /> "J..SIMw..�rn��c0�JI�MIr1�A RIIC- -�
<br />- - 13.TrustN.The Trustee may resign at eny time without cause,and Lendermay ai any u���o o�................-..---r.--•--- -
<br /> � cessor or substitute Ttus�feonTrus or damage unlessldue onrecklesslor w Uful miscondu'tand shall not bo requered o take any acUon
<br /> chaser ot the Property. Y
<br /> in connection with ihe enforcement of lhis Deed of Trust unless fndemnified,in wriGng,for ali costs,com d�1e1�or undepthe epower of
<br /> may be assodated therewith.In addition,Trustee may become a purchaser asa�ov d'ed b t ew;o�se 1 Me Property as a whole,or in
<br /> sale granted hereln); postpone the sate of all or any po�tlon ot the Property, p y
<br /> separate parcels or lots at Trustee's discretion.
<br /> 1A. FMS md Expens�s.In the event Trustee solls the Property by exercise ot power of sala,Trustee Qhatl be entitled to apply
<br /> any sale proceeds first to paymenl oi all costs and expenses ai vxercisfnp power ot sato,fnciuding all Trustee's tees,and Lender's end
<br /> Trustee's attamey's fees, adually incurred to extent pertnitted by applicable law.In the event Borrower or Trustor exercises any right
<br /> providod by law to cure an Event of Default,Lender shall be entitled to recover from Trustor all costs and expenses ectually incurred as
<br /> a result of Trastor's default,including without Iimitation all Trustee's and attomey's lees,to the axtent permittod by applicable law.
<br /> � 15. Futun Advsnc�s. Upon request ot Borrower, Londer may,at its option, make additional and tuture advances and road-
<br /> vances to Borcower. Such advances and readvances,with intorest lhereon,shall bo securad by lhis Ooed of Trust.At no time shall the
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