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<br /> , ' ' •Prcoeeds'1 in oanneGton wiW amdemnaUon or other takirt9 ot the ProperQ!o�Part thereot.or for wnveyancs in Iieu of oondemnation. .�• .` `..t
<br /> -� Len6er shatt be entit[e d a t i b a p t ton to aomtnenoe,appesr in and prosea�te in its own �ame any action or proce�ngs.and sha0 siso
<br /> an of the�ropeRy is
<br /> � bs snti�ed t�make any campromise or setttem8�in connectlon�xfth such tatdng or damage.in thaait such Proceeds. after deduding : <'� •':='a.
<br /> � - so taSc�en ar Qa�3��Lender sha0 have ths cptI�on in its soie and aDsotuta dtscredon.to aPPh► .,
<br /> t it in connaction with such Proaseds,uPon any irtde6tedness secured f►areby and in su�
<br /> _�._,�� ;;
<br /> ' tt�erefrom eil oosts and expenses lpwmed bY .
<br /> ,..�,'��,`'`; arder as Lender may dde�nne.An a app4�e�ttoa ot Pcaceeds m Indebtedness�shall not extend or�Dostpone the d�e dapte oi arry� ,�'.
<br /> , '�r:. ,• � �itfons as Lender may !I � 'ti;�'' ,
<br /> ' meMg under the l+iote,or cure any detaWt thereundsr ot hereunder•Airy una�P�ed tu�ds shall be paid to Tnisflor. . _'`
<br /> Ited
<br /> µ. 8.Forfomians�tiff Lendar.UPon the o ffir�es,t the PropeR!!.Lender may in its a Qisaetlon.but w�ho�obligatIan tc�do�sc�
<br /> �� � .,.;: oamtrtenaed wtiicb materialty af[eds Lender's in
<br /> y. and without notiae to or d�nand aDon Tnistor and without teleasing Thistor from any obGgaUon.do any ad whic�Tnutor has agread �,
<br /> � • --�--� Tnistnr sfiail,immedlatsry upon�
<br /> �� :•:=-'-"�` bid falled to do and may atso do anit otrier ad it deems neaessall►W Pro�the securi4y hereoL <<__ ��. .�
<br /> ._.4.�-=L_._ ..., vt
<br /> ` �'."'�'-�' demand Uierefor by Lende�.Pall to Lender ali cosfs and e�ses�a�s�s e�cpsnded by Lender In connedion�utth ttre exer-� --
<br /> . dse b1►Lender of it�e foregoing rights.together vrdh interest thereon at the defauft raLa Drovided in ti�x Note.which shall 6e aEded to Op .
<br /> � �� `' ��:; U�e indebtednaqs secured he[eby.Lensler st�att not in�r any liabil'iry because of a�ryfhing it may do or omit to do heneunder. �
<br /> U�
<br /> . . _,_.. . .. 9.Namtdous�'laLeriats.Tnistor shai�Iceep the Rroperty t�campt',ance w�d�all appGcabte Iaws.ordinanoes and regutatiar� ` �
<br />_. . -- �etatittg to indwMtiaf hygtene or emrirvnmenta{pro0action(aoRec�[vety reterred to Enviro mentat laws(aoIIet�Ivetp�efened tu herein � .,,'._ '
<br /> � � the ProDeriY free from at!substances deemed to be hazardcus os toxtc under any
<br /> . as'Hazacdnus Materiats7.Tcustnr hereby warrants end represents to'Lender th�t thena aca no Fta�ndous QVtateriats an or w�der B�e ,�'':
<br /> . Properly.T�r hereby agrees to indemnity and hold harmiess Lertder.its diredors.officets.emptoyees and agerts.and an1►su�s"
<br /> . sars ta Lenders interest.from and against any and eil datms.damages.losses and GabilitiesTMEnFOREGOtNti WARRAid11ES AlHD ...
<br /> ' use,Qisposa1 ar transPort ot any Hazardous Matedats an.under.from or about the P�roperty- • •�.�:--
<br /> � `��•'•'- REPRESENTATIONS.ANO TRUSTOR'S OSLIGATtONS PURSUANT 70 THE FOREGOtMG INDEMNITY.SHALL SUR�iVE :``'`
<br /> � - : � -<Y �corjv�v�wcE oF ni�s o�eo oF rnus r. .
<br /> . t0./1sslgnmerR of ReMs.Trustnr herebD�mvided that TrusOo�shaD.�untiel the oaoair�enoe o�at of Qefauit.het�and '�-�•f :
<br /> � ::.�i`: after a[isIn9 cents.issues and Prafits of the ProPertY:P _
<br /> . . have t�e dght to cotle�and retaln suc�rents.I�ues and profiffi as they becom edlo�D�i 9.�bY a�eive appo�ted by a .
<br /> Qetault lander maN,either in person or by ageM.with or�nrithout bdnging an7►. on of the PrvPe�ll,or any D�tl►ereof,in its avm
<br />_ , .—;-, - �"- aoutt and withot��gar6 to the ads4uacy af tts se+�ri[Y.er�ter Wan�and take P�t
<br />--�` -- — �`:::� name or in the name oi the Trustee,and do any ads whIch it deems neosssary or desira�te to preserve the vatue.ma�e�b�or
<br />�'•'��`' � , reniability of the P�aPerty.or eny part fhereof or in+�erest therein�ot 4o inaease the(ncome thetefram or proted the secwrit�l heteaf and. .
<br /> J � �' � on ot the ProDertS►.sue tor or othervvise coltact the �eMs.tssues and profits thecesf,induding th�e past
<br /> � `�a wit�arwiU�cut taKU�9 Possesst rents.�ssues and profib.tess casts and expen�
<br /> � , �'" ` 6ue and unpaid.by not�ling tenants�o make paymer�to Lender.Lender may apply _
<br /> .. � es cf operaton and cotle�tion indud'mg atmmsys fees.b�anY indebtedne�s sera�red he�eby.eii in such aNer as Lender may�ag n -: __
<br /> .;�"'�r mtne.The entering upon and takin9 P���Pn°f the Pr°perty.�8�°itectlan at suc��er►ts.issues and profifs.and the app ' ��- .
<br /> il not cure or waive any defautt or noUce of default hereunder or tnvalidate anY ac!done in tespofue tp su� , �.�:��
<br /> `� .. ' Mereotas afore.said sha
<br /> , ;{F ft��.,':�-• default or p4ssuant fo sud►noUce of defautt and,notw(thstanding the continuanoe in possessfon of tne P�D�d dtar M any ofthe �,.�-�r�-
<br /> < ,'r.,•: , receipt and a�t'ieaflan af rents.fs�ues or pr.�flts.Trustee end Lende►shail be entNled to exe�cisa eu�sy�t�the povrer af sata. `
<br /> �`�`;.
<br /> .�t �oa��nstrurtrrrns or by iavu upon occurteeo��of arry Event of OefauR.induding wfthout Itmitation ttra v�it ,
<br /> • Further,Lenders dghts and remedies undar_tt►is paraBraP�shaU be cumutat6►Q with.and tn no way a Tmitatton on,Lenders dghL4 and r-.
<br /> remedies under any assignment of Ieases and ren�reoocded against the Property.Lender.T�ustee and the�eceiver shal!be ita8te to r
<br /> � a000�m!anly for those cenb actually received. � "�,
<br /> 11.Everts ot Oefauli The follou�tng shalt constitute an Event oi Oefauit�mder this Oeed of Trusx . �:
<br /> (a)�1u�s to pay any tnstaliment af pdndD�m interest or anY other sum secured hereby when due: `u,�L
<br /> • � (b)A breach oi or defautt under any Dro�ion contained In the Note.this Deed of Trust,arty oi B►e Lo�Instrumenb.or arry . �_=�s
<br /> ' other ben or encumbrance upon the Property; "�'��
<br /> • - (c)A writ ot execution os aGachment or any slmilar praoess ahaU be entered against Trustor whis�sha1�beoome a Il,sn on f��.�
<br /> " the propetty or any portlon thereoi or tMerest therein; � �''`�:__°
<br /> ;�.� ,• (tn Thsre shaU be fited by or�lns!Tn�stor or Bortower en actlon under any present or future Tedaat.state or other statute. . � _«V�
<br />_:_ • �,'`, (aw or regu ta U on retatfi g W bankcupL�Y•insohrency or other reilef for debtore;or there shall be appotnted eny trusTee,receiver ot . -
<br /> .. liquidator of Tnistar o�Bomawer ar ot el!or any Dart of th0 Property.or the rents.Issuas or p�s:its t he t e o f.cr Trusta or Bomawet r ..
<br /> shal!make any generaf asstSnment for the benefit af credltors: � � _
<br /> (e3 The sate,Uartsfer,Iease.assignmen�oonveyanoe or further enwr:�'�rance of sA�s any part af�r any inte�est in ffie
<br /> . pta-�Ccy.either votuntadh► or imraulntarity.witt�out tAe exPress wrKten oon�ot l.ender:P�vided that Trastor sha11 be permi� � _-z
<br /> , �. . •- ted ta execute a tease of th�P��tY that does not cor�in 2n oDUon to pc�hasa and tlaaa�sm a1 whid�does not exaee0 one �._.: -
<br /> ` � �ADandonment o11he Pcope�.y.or �r�,�nveyance or encumbran�oi more than('d a
<br /> � ' (9)tf Tcustor is nat an ind�iduat.tha issuance.eate,transfer.ass�9n
<br /> � � '� �. � corporatton)a total 04 peraent at its Issued and outstartding�adc.or Qf a partr�ership)a totai ot__,____Per -
<br /> :..,".• . .' . . , ercaM ot the Umited IiabII'rty compa- -
<br /> , .,.,1;.., ' oertt e! partnership interests.or Q�a QmiteO Oabiliry company}a toial oi P
<br /> � ;;:�,;;;. ` ny i�asesb or voUng dghts durirtg ihe pedod this Oeed af Tndt cemains a lien on the DroR�J•
<br /> • • . . � ':, 12.�amedies.�ness secured herebyuW�e due nd PeYabt and the0same hatl theteupon beoom d 8 end pe 3bn1e iMth� _ _ .
<br />- by taw.Qectare ell indebted
<br /> � �?�� out any D�n�ent,de�r�s,protest or notice of any kind.fiereafter LQnder maY-
<br /> - (a)Oemand�Ytustee exet�cise the POWER OF SALE granUed herein.an�T�ustea shap theraatter cause TnisWr's inter-
<br /> _ � ' est In the P�operty to be sotd ard the�a�ron e^y�b�toan InsW ents o by FaN upon occu�rence�of a�Y�e�o�
<br /> � � (b)Exercise any and ail duMs p '.
<br />— � Detaul�and �
<br />-- • (c)Commence an acNon to forectose thts Oesd ot Trust es a moRgage,appotnt e recsiver,or spacificelry ento�e�B o��e
<br /> • • oovenants hereM
<br /> ' No remedy herein conteme�upon or resenred to Tn�ee or Lender is lntended to��xduslve o!any other cemedy herein,In the Loan _
<br /> . .. ._... �•,� Instrumenta or bH�tps ar ow or her�aPoa existing t law�ob in e4uitY o b�y staNte,and t ay!�s euercised concurtently►.�indepe dently ' _
<br /> � tn t�a Loan Instrume '`.
<br /> _ ` or succaesivety.
<br /> - ' ' 13,t�e.The T�ustee may reslgn et any tlme withaut cause.and Lender may at any Ume ande�o er�Tn�sG��r or�arry P�o-
<br /> .?.; cessor or�uDsU�te Trustee.Trustee shatl not be Habte to eny paAy.inciuding wfOt�out limita8on Lender. .
<br /> - �aser at the Property.for any Ioss or damage untess due W recidess or wiflfu1 misoonduct,and shall not be requlred tn ffike airy adlon
<br /> � in aannec6on v�ith the enforcemon!of this Oeed oi Trust unless indemnifted,in wriUng,for all casb,eomP�or und�lhe power o
<br /> ' ' � may be assocFated therewith.e�e sata ot al ot eny por8on af eP�n7►.as pryov ded by faw;o�s�ell U�ie 1'roperty as a whote.or in •
<br /> � �� • safe granted herein);posipo �
<br /> - - '° separate parceis or tota at TNStee's dis�aetton.
<br /> � ' 14.Feos and Etpensos.In the event Trustea selts the Prcperty by exerclse ot power ot sa�e.Truslee shall be entiUed to apO�Y
<br /> • � any sate procesds first W payment ot afl casts and expenses af exercisin9 pmn►er o1 safe.inctuding ell Trustea s tees.end Lenda�'s and
<br /> � Tmstee s attomeys fees. actua►►Y incurted to extent permitted by apA�icable law•tn the event Borrower or Tnutor exer�dses any d8ht
<br /> ::;;� provlded by[aw to Wre an Event of�efautt,Lender shail be entitled to rewver irom Tntstor ati costs and expenses actualN tnwrred es
<br /> ' ' � � a resutt of Trustor's detaul�induding without IimtteUon all Trustee's and attomeys fees,W the extent pertnitted by appUcab181a�v.
<br /> � �5.�uture Advane.os.Upon request of Borrovrer,Lender may,a!its option,make eddiUonal and future advanoes and regd-
<br /> --.--_ _--_:= vanoes to Borrower.Such advances and readvanoes,with imervsi thererm.aha8 bs securaa�y lhis OeeQ oi 7rtast.Ae rtn tlms shall the __ :_
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