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<br /> � " 7.ErMmnt Dom�ln. Lender Is heteby aaslpned eil compeneatlon,ewarde,demegea and other paymente or rnliet lherelnettor"Proceeda")
<br /> • in conneatlon wlth condemnation or other takinp of the Property or part thereof,or for conveyance in Ileu of condemnatlon.Lender shall
<br /> taken or dem�ged,Lender ehail hava the optlon In Ite aolo a�d ahsolute dlecretlon,to apply oll Auch Proceeda,after deducting thnrefrom . _.
<br /> all coete and oxpensue Incurred by It In connoctlon with such Proceeda, upon any indobtodness aocured hereby and In such ordor es �
<br /> Lender rnay determine,or to epply aU euch P►oceede,efter euch deductlona,to the reatoretton ot the Proparty upon auch conditlone as _
<br /> '� Lender may determine.Any appllcatlon of Rroceedn to Indebtedneae shell not extend or poatpona the due date o}any peymenta unde► __
<br /> the Note,or cure eny detault thereunder or hereunder.Any unappAed funda eholl be pald to Truotor. -
<br /> 8.P�Aorm�nc�by l�nd�r. Upon the occurrance o} an Event o} De}ault hereunder, or If any act le taken or leflel proceedlnp [
<br /> • i� commenced whlch meterlally affects Lender's Intereet In the Proparty.Lender mey In Ite own dlsarotlon,but without obligetlon to do so, __
<br /> and wlthout notice to or demend upon Tructor end wfthout reieeeing Trustor irom eny obllgatlon,do any ect which Truetor haa sgreed �
<br /> but fails to do�iid�nay also do any otl�or act It docm�nocnasary to protect tho socurlty hereot.Truator ehell,Immndlately upon demand ��
<br /> �p therefor by Lender, pay to Lender �II costs and sxpe�ses incurred and�ums expendad by Lender In connectlon v�ith the exerclse by
<br /> �V"'�� � Lender of the foregoing riphte,togather wlth Intereat thereon et the default rate provided In the Note, whlch shell be edded to the
<br /> Indebtednea9 secured hereby.Lender ahail not Incur any Ilability because of anything it may do or amit to do hereunder. _
<br /> 8.Haurdou�M�tKIN�.Truetor ehall keep tha Property in comptlance with all epplicable lawa,ordinancaa end regulatlons ralating to
<br /> •"�"'� Induetrlal hypiene or environmental protection Icollectively referred to herein as"Environmentel Lawa'l.Truetor aheli koop the Property
<br /> � free from ell eubetancea deemed to be ha:ardoua or toxic under eny Environmental Lewa lcollectively referred to herein es"Hazardous
<br /> Meterlals").Truetor hereby warrants snd repreaente to Lender that there are no Hazardoua Material on ot under the Prope►ty.Truetor
<br /> �� hereby agrees to Indemnify and hold hermteaa Lender, Its direatora, offlcera, empbyew end egents,and any euccessoro to Lender's
<br /> � Interest, from or�� ngainst eny and ell clalma,demagea,losaea and Ilahilities e�ieing In conneatlon with the preaence, uae, diapoaal or
<br /> '� ttanaport ot any He:ardous Materiala on,under,from or ebout the Property.THE FORE(i01Nti WAFi!9ANTIES AND REPRESENTATIONS,
<br /> : � ANO TRUSTOti'S OBLIL3ATIONS PURSUANT TO THE FOREt301NQ INDEMNITY,SHALL SURVIVE RECONVHYANCE OF THIS DEED OF
<br /> TRUST.
<br /> 10. Aulpnm�nt oi H�nt�.Truator hereby asslpne to Lender,and grants Lender a security intereat in,all present, future and after
<br />�' rlsing renta,Issuea end profite of the P►operty;provided that Trustor shalt,untll the occurrence of an Event of Default hereunder,have
<br /> the right to collect and retain such rents, Issues and proffta as thoy become due and payable. Upon the occurrence of an Event of
<br /> Detault, Lender may,either in peraon or by agent,with or without bringing any actlon or proceeding,or by a receiver appolnted by a
<br /> � court and without reflord to the adequacy of ita security, enter upon and take poasession of the Property,or any pert thereof,in ite own
<br /> neme or in the name of the Trustee, and do any aata wh(ch It deems necesaery or deslrable to preaerva the vaiue, merkete6ility or
<br /> rentebiltty of the Property,or eny part thereof or interest therein,or to increase the incoma therefrom or proteat the security hereof end, `
<br /> • � wtth or without tekinp poasession of the Proporty,sue for or otharwise callect the rents,laauea end profita thereof,including those paat
<br /> due and unpaid,by notifying tenanta to make payments to Lender. Le�der may apply rents,laeues and profita,less coata and expenses
<br /> oi operetion and coilectfon Includi�g attorneya'feee,to any indebtedneas secured hereby,ali in auch order as Lende�may determine.The
<br /> • • entering upon and teking posaeesion ot the Property, the coliectio�ot such rents,iasuea end protits,and the applicetion thereof as
<br /> � aforeaaid,shall not cure or walve any defauit or not(ce ot defAUft heteunder or invalidate eny sct done in response to such defauR or
<br /> purouent to such notice ot default and,notwithatending the continuance In possesalon of tho Property or the collection, recefpt and
<br />-„� ' �� applicetion of rente, isaues or profite, Truatee and Lender ahall be entltiad to exercise every �Ight provided for fn any of the Loan
<br /> � Instruments or by law upon occurrence of any Eve�t of Default,Including without Iimitetian the right to exercisa the power of aate.
<br />'' • Further, Lender's rlghts and remedfes under this paragraph shall be cumulative w(th,and in no way a limftatipn on.Lender's riphte and
<br /> r�� •� ��' +�' ' remedles under any asstgnment of teasea and rams rocurdnJ nyuii�ni iha��o�ariy. Lsndsr,Truaiaa snd tA°tecel�er ehail h�Itnbte to
<br /> 'y � account only for thoae rente actua►ly recelved.
<br /> 1•�f�. ";•.::� � 11.Evmts ot D�iwk.The tollowing ahall conetitute an Event of Default under thia Deed of Trust:
<br />��,�,� ..;r•' (a)Failure to pay any Instaitment of principal or Interost of any other eum eecured hereby when due;
<br />��� ;•��. ` (b)A b r e a c h o f o r d e f a u l t u nd er en y proviafon contained in the Note,thia Deed ot Truet,any of the Laan Instrumenta,or any
<br /> 1��f"'"' other Ilen or encumbrance upon the Properry;
<br /> i�-, .
<br />-""'�' �•?,"'. (a)A wrtt of exeoution or attachment or eny similar process ehali bo entered egeinst Truetor which shall become e lien on the
<br /> _:�=.`�,'`,`;..� � Property or any portion thereof or interest thereln;
<br />�` `!'�' °�' td)Thcro sheil be filed by or egatnst Truator or Borrower an actlon under eny preaent or futuro federol,state or other etatue,taw
<br /> - "�1•'��`' or reguletlon relating to bankruptay, insolvency or other reilef for debtora;or there shall be appolnted any truatee, recelver or
<br /> - '"°'"'".''� Ilquidator of Truator or Borrow�r or of ail or any part ot the Property,or the rente,laaues or prof its thereof,or Truato�or Borrower
<br />=;;v-;r e;.�� ahall meke any generol easfgnment tor the benetit of creditora;
<br />==�r+:`'�E,..- (e)The aale,tranefer,lease,essignment,conveyance or turther encumbrance ot all or any part of or any interost tn the Property,
<br /> --- '-���� either voluntariiy or Involu�tarfly,without the expross written consent ot Lender;provided thet Truator ahall be permttted to execute
<br />;;� a loase of the Property thet doea not conteln an optlon to purcheae end the term of which does not exceed one year;
<br />-- (f1 Abandonment of the Property;or
<br /> -- �g)If Truetor ia not an indlv(dual, the issuance, eale,transfer, essignment, conveyance or encumbronce of more than pf e
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