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<br /> �� "Proceeds�In oonRSCNon wlth condsmn�tion or other Iakinp of the PropsRy or paA Ihenof,or(or ca►v�eyance Ii�Tt���f c7�eTnnetlion.
<br /> =- Lsnd�r�haW b��ntHNd at Its option to oomm�noe�app�Rr In and proNCUt�M ils own nnm��ny actlon a p�oa�d�p��u�d sh�M aMo
<br /> �a be entltled to make eny compromlw a Nnloment In oonn�ctlon with euch tskin�a dam��e.In the aver�t eny portlon o1 the PropeAy Is
<br />��� eo taksn or dartwfled,Lendar sholl h�ve lhe optton In (t�al��r�d ebsolute dlacrotSon, !o apply all auch proceed�, �fler deductiny
<br />;.°;�� tMnfrom dl oosb end sxpsrs�ss Incuired G►r it In oanrt�ctlon with such Proceed�,upon my Ind�btsdnsae�ecursd h�reby and in wch
<br /> orda as Landsr may d�termine,a to�pply ul wch Proce�ds��f1er wch d�ducNons.to the nstonilon ot th�Prop�►ry upon such con-
<br />.l� df'tbne as Lender rtuy detersnlnd.My �ppNc�tlon ol Procwda to I�►debt�dneu ehdl not sxtend cx patpons the due dau ol�ny p�y
<br /> ,_:,� menb und�r the Nota,or cun�ny det�ult th�nundsr a h�nunder.My un�ppWrd lund�sfwll be p�ld to Trustor.
<br /> -�� g,p,K(orm�nq by I.�nd�r,Upon the oowrrence ol an Event of Detault Mreund�r,w It eny ect le t�k�n a Isptl procs�dfnp
<br /> commenced whlch meterlaNy aHecls LerKNr's Intarest In the Properry,Lender may In fte own discrotlon,but wlMout obil�etlon to do eo,
<br /> and without notfcs to or d�mand upo�Tnutar��d wHhout robe�inp Truslor Irom eny obll�tlon,do any sct whlch Trustor hu ay�d
<br /> :�� but tailed to da a�d may elso do my other act ft de�ma neceeaary to proteat the securiry haroof.Trustor ehaN,Imm�diatNy��pon
<br /> demand theretor by Lender,pay to Lender ell oosu and expenase incurred and suma ezpended by Lender In connection rrith ths axer-
<br /> das by Lendsr ol the Iorepoinp dphta,topether wifh Intsraet th�+roon at the default rate provided in the Nots,whlch thdl be�ddsd W
<br />•f� ths tndebtedneae aecured heroby.Lender ehRll not incur any Ilabllity because of anythlnp it may do or omit to do honunder.
<br />--- 9. Hasandoua M�brid�.TiusWr shall ksep the Property►in canpliance wlth �N appl{cable laws,ordlndnce� and �spulaHons
<br />- � reladnp to industrful hyplone or environmentnl protecUon (co!lectfvety refarrod to hereln as'Envtronmental Lawa'7.Tnstor shall keep
<br />"� ths PropeAy tree from all sub�tances deem�d ta bs hezardous or toxb u�xfsr eny Envlror+menvl Lavrs(coNsclivsly ntilrnd M h�nln
<br />::y� aa"Ha�rdous Materiels"�.Trwta heroby wartents end npresents to Lender that then an no HazardAUS I�te� on or w�r tM
<br />_�� Property.Trustor heroby aprees to k�darnnfly and hold hamYesa Lender�tte diroctoro. ofBosre,err�toyees end ipenb,end any eucceu-
<br />_=— sors to Lender's Interost,irom and apainst any and all clalma,damapes,bsses and IlabitltUa adeinQ in connection witfi the prossnc�n,
<br /> — use,dlspoeal or traneport of any Hazardoua Materlals on,under,irom o�about lhe Properlyr.THE FORH(iO1N(3 WARRANTIES AND
<br />__ REPRESENTATIONS,ANO TRUSTOR'S OBUOATIONS PUNSUANT TO THE FOFlE(301Nt3 INDEMNITY,SHALL SURVIVE
<br /> — RECONVEYANCE OF THIS DEED OF TRUST.
<br /> -- 10.Atsipns�nt�of FMnh.Trustor hereby essigns to Lender,and granta lender a secudty interest in,aH present,futuro erxi
<br /> after adsirq rer►t�,lssues and proGts of the Properry;provided that TN�tor shaW,untll the occurrence of an Event oi Detauft,hereunder,
<br /> have the ripht to collect end retain such rents.issues and profits es they become due and payable.Upon the oxurtence of an Event of
<br /> =- DefeuR,Lender may,either tn person or by a�ent,with c:without bringing any a�ion or proceeding,or by a recehrer eppointed by a
<br /> — oourt end wfthout repard to the adequacyr of itts security.enter upon and take possessian of the Property,or eny paR tbereof,tn Ita own
<br /> name or in the narne of the Trustee.and do any acts wf�ich it deems neceseary or desirable to preserve the value. marketebNity or
<br /> rentabHity of the Properry,or any part thereot or interest therein,or to increase the Income there(rom or protect the eecurNy hsroof and,
<br /> _ wRh or without taktny posaession of tfie Property,sue to�or otherwise collect the renta,Issues end proflts thereof.Inciuding those past
<br /> due end unpaid,by noUfying tenants to make payments to lender.Lender may apply ronts,Issues end profits,less oo�ts end expena-
<br /> es of operaUon and collectlon fndudiny attomey's tees,to any Indebtedness aecured hereby,all in such order aa Lerxier may deter-
<br />- � mine.The entedn�upon end takMg p�ssesston of the PropeAy.the ooilectton of auch rents,issues and proflts.end the applicat(on
<br /> thereof as aforeeaid ehell not cure or waive any detauR a notise of default hereunder o� invalidate any act done(n res�onse to such
<br /> — deiauii or purnwii�i tu eui�i �-►ciiii,v a�i tbi8uii atid� n+si':t�ihsian�lti$!!t3 �Cntlisss3t� !n ���°^ st o!tlte pro��L•!ths z4!lSCtlL4!,
<br /> receipt end applicatian of rente, iawes or proflts,Trustee and Lender shall be enUtled to exerc,ise every�ight provided fa in any of the
<br /> Loan Inatroments or by law upon oocurrence of any Event of Deiauft,inctuding without IlmitaUon the�Ight to exeroise the power of sate.
<br /> Furfher,Lendere riphta end remedies under this part►praph shall be cumulattve with,and in no way a Ilmitatbn on,Lendet's righte and
<br /> _ remedies under any nssipnment d leases and rents reoorded agatnst the Properry.Lencier,Trustee and the receiver sheq be Iiable to
<br /> axount only for ttase rents ectuay reoetved.
<br /> 11.Ewnb of DNaui�The followinp shall constltutn an Event of Defauft under thla Deed of Trusx
<br /> (e)Faliure W pay any InstsiJlment af pdncipal or Interest of any other sum secured hereby when due;
<br /> (b)A breach ol or defeult under any provisbn contetned in the Note,this Deed ot Trust,eny of the Loan I�tnmente,or any
<br /> other Iien a encumbrance upon the Property;
<br /> (o)A writ of executio�a ettachment or any simlia�process shali be entered ageinst Trustor which shaM become a lien on
<br /> • the Property ar any portf�on thereoi or interest therein;
<br /> • (�There shall be tiied by or against Trustor or Borrower an action under any present or future federal,state or other statute,
<br /> law or repulatt�on relatlng to bankruptcy.insolvency or other retiet for debtors;or there shali be appointed any trustee,receiver or
<br /> . Itquidatot M Trustor or Borrower or of all or any paR of the Property,or the rents,Issues or proflts thereof,or Trusta or Borrowe�
<br /> ehall malce any peneral asalpnment for the benefR N creditors;
<br /> (e)The sele, transfer,base, assignment,conveyance or further encumbrance of all or any part of or any Interest in the
<br /> Property,eNher voluntarily or involuntadly,without the express w�itten consent of Lender,provided thet Trwtor shall be permit-
<br /> ted ta execute a lease of the Properiy that does not contain an option to purchase and the tertn of whk;h does not exoeed ona
<br /> year,
<br /> (q Abandonment of the Property;or
<br /> • (p)if Truator ta not an hdividual,the issuance,sale,transter,assignment,conveyance or encumbrance of rtwre than(it e
<br /> , corporaUon)a total of percent ot its Issued and outstendir►8 stock,or(H a partnership)a totel oi per-
<br /> cent of partnershtp interes�, a(if a itmited Itabllity company)e total of pRrcent of the limited IlaWiity campa-
<br /> ny Intereats or votlng riphta dudnp the period this Deed of Trust remaina a Ilen on the property.
<br /> 12.R�rt»dla;A�c�i�ratlan Upon Dshutt.In the event of any Ever►t of Defaurt Lender may,wtthout notice except as required
<br /> by law,dedare all trxJebtedness secured hereby to be due and payable and the same shall thereupon become due and payable with�
<br /> . out any presentment,demand,protest or not�e of any kl�d.ThereaRer Lender may:
<br /> (a)Demand that Truatee exer�ctse the POWER OF 3ALE prantod hereln,and Trustee shall thereafter cause Trustora tnter-
<br /> est In the Property to ba edd end the proceeds to be distributed,oll tn the manner provided U the Nebreslce Trust Deeds Act;
<br /> � (b) Exercise any and tll dphte providad for in any o}the Loan Inet�um�nts or by Iaw upon occurrence of any Event of
<br /> =— Defau�;and
<br /> _,_� (o)Comrt►ence an acUon ta toredose this Deed ot Trust es a mortgage,appolnt a recelver,or speciflcally enforce any of ihe
<br /> --- oovenants hereot.
<br /> ---- No�emedy heretn conferred upon or reserved to Truatee or Lender is Intended to be exclusive o}any ather remedy herein,in tl�e Loan
<br /> --� instruments or by law provided or pertnitted,but each shaY be cumulative,shall be tn additlon to avery other remedy given hereunder,
<br />_�:;�j tn the Loan Instruments or now orhereafter existlng at Iaw or(n equtry o�by siatute,and may be exerclsed concurrenty,Independentry
<br /> � or suooesivety.
<br />_,,,_::�,;, 13.Tnubs.The Trustee may resign at eny Ume witl�out cause,and Le�der may at any time and wittaut cause appoint a suC
<br /> - C9880f Of SUDS(ilute 1 Nst@B. 1 rueie�8&18ii noi oe iiaoie io enY pnrip,irwiw'iriy wiuKriai anii6ii6n�nrw'ni,oviiinm�,i iai$:vi�F aTry�wii-
<br /> _,.,.�� cheser of the Property,br any loss or damage uniess due to rdckless or williul misoonch�ct,and shall not be requtred to take eny actbn
<br />.:;,,;.� tn comiectlon wilh the entorcement of this Deed oi Tmst unless indemnified,in wdtl�g,for ali costs,compe�sation or expensea wMch
<br />.,,�: may be assoclated therewkh.In additbn,Trustee may become a purcheaer at any sak of the Property Qudidal or under the power of
<br /> -�.y•t� sale pranted herein);pasq�one the sale of all or any portion of the Properly,es provlded by law;or seli the PropeAy as a wF�ole,or in
<br />::;-=,,:; seperate parcets or lota at Trustee's dscreNon.
<br /> �z'� 14.Fe�s aisd Exp�n�s,In the event T�ustee setls the Property by exercise of power of sale,Trustee shail be entltled to epply
<br />���:•. ' any eale proceade N►st to payment of all costs and axpenses ot exercising power of sele,including all Trustee's feea,and Lerxiers end
<br /> :��; Trustea's attomey's fees, actualty incurred to extent permittod by eppl�abie law.In the event Bomower or TNStor exerdses any►ight
<br />.:•.�.._ provided by law to cure sn Event ot Oefault,l.ender shall be entfUed to rocover from Trustor all costa and expenses ectually incurred as
<br /> ' a reauit of Trustors default,includhg without limitatton all Trustee's and attomey's feea,to the extent pertnitted by appikrable law.
<br /> �,v 7 � ,
<br /> rr;�,.•. 1b.Futuh Adva�. Upon request ot Borrower,Lender may, at its optlon.make eddlttonal and future advances and read-
<br /> �:, vances to Borrowe�.Such advanCes end readva�xss,with Interest thereon,shall be secured by thls Deed of TrusL At no time shali the
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