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<br /> - ` .' t � . •proceeds7(n connactlon arith oondamnation or other tnhin9 ot the PropeRY or QaR thoreof.ar(or canveyonae In Iieu o!oandamnatloR. , � ;�;
<br /> ,`����" � �-• , londer shatl bu enUUed st it�optton to commance,oQ�oat In and proseauto m Its awn aamo any ection or proai�dinga.and shatl et�o �
<br /> be entlStad 4o mrake any compromise or so U t emen t In w n n e c U o n w(t h s u c h t a k t n g a r d e m a g e.M t h ogt�e��P�ds�f aRer d�educdn � � •�
<br /> �,`�} ,'� , . so tak�n or Qam�ged.Lendar shaU have tlte aptlon in Ila sota artd absa[uto disae�on.ro epPN edu � 4 �.� ,
<br /> �: . ',t ihe�etrom a1!costs end expenses Incune0 by N in oannecdon vdth such Pr�oeeds.upoa anY indebtadnass sewred hereby and tn suc1� ,
<br /> order as Lender may detertnine.w to apPN aD sud�Prcoaeds.after suc�h Qedudlons.ta the restoraKon ot the Propesry upon sud�rmn-` •
<br /> . ' • d'dtons as Lender may detem►(ne.Arry appllqtlon ot Proceeds a fndebteciness shaii not extend or pastpone the due date of any pay-\ -; t� . .
<br /> . . . ments under the Nnte.or wre any default thereunder ar hereundet.My unapPlied 4uruls shall be paid to TrusLor. r� .
<br /> _. • ,, ��.',.F• •.: 8.Per[ormance by Lender.Upon the cawrrence of an Event ot OeT�utt hereunder,or it any act is taken or tega!pmoesdingv `�
<br /> - and v�thou�t no�ttc.�e to otr de and upon Tastor a d wflhout tefeastng Trusnor from an obllgatIon.�do any act v�+tild�Trw�or�has a9reed�j "� �'
<br /> �.�.; but faited tn do and may afso do any ather act It deems necessarY to Prote�the secu�h►hereof.Trustor shafl,immediatsty upon(n
<br /> demand therefor by Lender.Pay[a Lender afi casts and expar�es lncuRed and sums expended by Lender in wnnecBon with the exer � :� �
<br /> . ^ - cise by,Lender af the faregoing dgMs.together wiifi interest thereon at the defauli rate pravided in the Note.which shail be added tu� ..:.v{;, •:,,:;
<br /> :;
<br /> ' tha indebtedness secured heceby.Let►der shall noi inar any Uah�itY beoause of an7Ming it may do or omit to do hereun�er. •�,:;:�"�
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<br /> � - � 9.Hamrdous BAateflals.Tnistor shaU keep the Property in oompllance with all appGcabie faws.acdi�ances and regutations -:, ,;`�
<br /> refating to industriaf hygtene or emrFronmertal p[o2edion(ooQectively retened Lo derein as°Envimnmental lews').Tru.sror shai!keeP
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<br /> fhe Properly free tmm atl substanoes deemed Lo 6e harardous or to�dc under any Envtronmental laws(witectively referted m t�erein ;cs°,:y'.
<br /> . - � ���j�� e s'H a z a r dous Ma t a r i a t s�.Ttustar hereby+n�arrants artd regsoser�ts to Lender that fhere ase no Ha�Nous Matedats on or under the n'`�,-..�
<br /> }�'-: pcoperty.TrusWr hereby agrees to(ndemntfy astd hotd ham�r�s 1-ender.i t s d l r e c t nrs.u fi a e t s.e m P t o y e e s e n d a g e n t s.a n d a r ry s u c o s� r�L
<br /> � :� , � s�rs to t.ender's interest.fiam and against arry and all da�se�s.dama9es.tosses and 1'iabifitiesTM FOREGOI G WARRANTi S AND � :
<br /> �`_. '.•����• use,d�sPosal or transpoR of any Hazardous Materiats o0.under,from or about the PrapenY. ' -
<br /> .`5 V".��� � �''� REPRESENTAT[QNS,AND TRUSTOR'S OSUGATIOPSS PURSUANT TO THE FOREGOING[NDEMNITY,SW4LL SURVIVE „._��;
<br /> :=�;.r:4;'�"•i';�`��:�:::;� RECANVEYANCE OF THtS DEH}OF TRUS'D'. interest in.afi reset�L future and .!�"�. : _
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<br /> 10.Assignmert af lBor•L+.Tn�stor hereb asaigns ta Lender.and granffi Lender a security P �>sc. :;
<br /> - - . �,�'� � after arising rerts.issues and profa2s of tl�e PropeRY:Drovided fha!Tnistor sha0.unU7 the o�xitrence of an Event of DdaWt,herettnder. �°.�"f�;-_.=
<br /> � � �r�F'<:4: have the dgM t�cori�and retafEr sudi rertfs�.rs�es a�e Profits as 1�ey��B due and payabte.Upon the oawaence of an Event of _
<br /> i ..t �•�� Qeisu�,LeMer may,either in peison or by aga�t.with or without brin���-'�}l action or proceeding,or by a reoeiver aqpointed tiy a •, .
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<br /> .� - murt and v+n"�ont�gard 4o the adeauacy af 3s�eurity.enier Won and t�tea�ossession of the PropestY,or any part thereof.in ifs �vn �^., �:�•
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<br /> � ��:•'��... nama or in the aeme of the Trusiee.and do acry acts wh'sdi it deams�sarl►or desirabte tn prese�ve the vat+�e.ma�tcetah�c5►or
<br /> �f'%if centab��'ity of the Properiy,or a�ry part thereof or(nterest ther:ae�,or to increase the income therefrom or proted the sac�rity hereoi and.
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<br /> "�;`'����` witfi or�,rithaut takUig possessfan af the Properry.sue for or a�erwise collect the rerrts,issues and profifs thereof,indudng those past
<br /> ' �� . . � takU 1 rents.issues and pr+offis.tess casts an0 e�ens-
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<br /> . . . •'t�t+�� due and unpaid,by notifying tenants to make payment�ta Lender.Lendc�rnay aDD Y .
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<br /> �...;;<;,�,,;,;<:::�,x��r.,,,� �es uf operaSon aM coIIec,�on indudirtg attomey�s tees.to•a�Y indebte�n�s seciued herelsy.al!tn su�r+otder as Le�der�Y[catiort -
<br /> ,: '•�::�•;s�;;.,,.;�; mtae.'ihe ent�riRg upon and talcng possesslnn of tha 69r�..riy.the m'(�e�n of such renLS,issues ar►d profits,and ths eppf .,
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<br /> i.:;,,::..,:..: ,::.,�:.,,;•,: thec+eaf as afo�satd shaU na2 a�,z�a waiva any defauft a,s su��e oi dei�fit fiz�under�r sva�5�a�any act done in�onse to sach :�,�r.
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<br /> � . <=-r default or pursuant to sud►notice af Qefauft and,notwithstanding tha c��inuanoe in p�►�ea vf the pmperty or the colled�on.
<br /> ' :.,.�-;��;�s p ht �vided for in of the ,
<br /> . �;�. reoei t and appilc�tton of reMs,issues or profrts.Tn�stea and Lander shaf[6a enWted to exer�ise e�y�9 D �► l,,�����.
<br /> ' � Loan tnstrumer�vr by law upon ovaurence af any Event of Default.indud'mg without QmitaUon the rigi►t to exen;isse the pawer ot sate. �..
<br /> •• �uMer.Lsnder's dghts and remedies under this paragraph shall6e aimutative wtttl.and In no way a Iimitatlon on,Lenders�fghts and �,,
<br /> remedies unQer any assignment of teases and rents�corded against the PropeAy.Lender.Tnistee and the rec�eiver shall be Itabte to �
<br /> ; ;::� ,� . , • account onty for those rents actually tecetved. �`
<br /> � . _?;:r 11.Evetrts oT Qetault The foltow(ng�shail canstitute an Event of Detaiatt under this Qeed of Trust
<br /> �•. •. � �:`�:-
<br /> (a)Fai►ure ta pay any instaBment of pdncFpal or iatecest or any other sum secuced hereby when due; �__
<br /> , � . . (b)A breach oi or defautt under any proviston conteined tn tha I�tote.this Oeed of Tn,st,any of the Loan t�.saumertts.or any ��
<br /> other Iten or eneumbrartce upon the Propeityr �u��
<br /> , - . � (c)A writ oi ezecution or adachment or any stmitar process shaU be entered against Trustor wi�tch shatl become a iten on r A�:_
<br /> • • � the Properiy or eny poNon thereot or interest therein; �"'�`"
<br /> . �-r:s.;.
<br /> � � � � (�Thece shaU be filed by or agatnst Tnistor or Borrower an actlon under any present or future tede�al,state or ott►er statute, `-_- .
<br /> �; �'.. , taw ar regulaUon retating to baniwptcy.tnsofvanry or other reliei br dobtoro:or ther+a shaA be appolnted any trustae,receiver cr _
<br />" ' 11q�idatar ot Trustor or Borrower or of etl or any part of t�e PropeRy,or the�,issues or profib ihereaf.or Trustor or Borrower r,
<br /> '"' ahail maicg any generat assignment for the benefit o!cxedltors: __.
<br /> � ' (e)The sate,transfer,tease,assignmen�wnveyance or furiher encumbrance o1 ali or any pa d o t or any fntet�st In the
<br /> • . •. . ..�, Property,either votunterily or invotuntadry.wfthout the express wdtten aonsent oi Lertder.provided that trustor shatl be pemdt �.�;����
<br /> � , ted to ex�arte a lease of ttre Property tt�at Qoes noi wnfain an opUon to purchase and the tenn oi whid�doss not exoeed one �
<br /> . • ,.=_�_
<br /> �` . .. year, •
<br /> • • (�Abandanment ot the Property:or
<br /> transfer asst men�comreyance or encumbranoe at more than(K e �;`"T-
<br /> � (gj K Truator is not an tndividual,the issuance.sale. , ,.--
<br /> oorporat2on)a tota!oi peroent of its issued and outstandir►g stock.or(H a partnership)a total af per- „•�_
<br /> � � � ' ..��� cent of partnership interests.or(t1 a Umited liability company)a tofal ot peroent ot the itmited UabiCdy compa- �*�?=`
<br /> �. •, � � � mr interests or vo�ng dght�Qu dng t he Da do d t h is De e s o t T r u s t re m a i n s a r e n o n t h e p ro p e R y.
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<br /> �; . 12.Etemedtos;Acceteeatton Upon Defauit tn the event ot any Event of Default Lender may.without no8ce exeept as�Qa�s2d
<br /> �.-: b y l a w,d e c t a r e all indebtedness seaned hes�by to be due and payabte and the same shaii thereupon bewme due and paya�.awiUr
<br />-� " � � out eny presenUnent.demand,protest or natice o1 any klrtd.Thereafter Lender may. _
<br /> (a)Demand that Trustee exe�cise the PpWER OF SALE granted herein,and Tn�stee shail thereafte�qusa Trusto�s inter-
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<br /> estin��P��i0and aU dghb provide�d torDin anysot�Loan t atrumer�or by taw�rQo occucre�oe o1 eny�E�A�o�
<br /> (b� y .
<br /> . Defaul�and
<br /> (c)Commence an actlon W foreclose this Oeed ot Tcust as a mortgage,appoint a receiver.or spedflqily enforoe any o!the
<br /> �' � ' ' oovertanffi hereol. .
<br /> 'o No remedy hereln oonferred upon or reserved to Trustee or Lender Is intenEeO to Oe exctusive ot any other�emeQy harein.in ihe laan ,
<br /> �, • tnstruments or by taw provided or permitted,but each sha116e cumutaUve,sAatl be in addiUon to every other remedy glven hereunder.
<br /> �`�' . � in tt�e Loan tnstruments ar now or hereaftet exlsUng at law or in equ i t y or by s t a t u t e.a n d m a y b a e x e r c l s e d c o n c urren t l y,inda p enden t t y ;
<br /> � . . ° or sucoesivety. . :
<br /> 13.Trustae.The Trustee may resign at any Ume without cause.and Lender may at any Ume and vlifhout cause appotni a sua
<br /> • � cessor or subsBNtute TrusteB.Trustee shall not be tlabte to any party.tndading uulthout IimitaUon Lender.Borrower.Tnutar a�arry put
<br /> b
<br /> � �' : " � �ser ot th�Property,for any toss or damage unfess due to nsckless or willful mtscandud,and shaii not be required to take any ecdon
<br /> in oonrtection with the enforcement oi this Oeed of Trusi unfess tndemnifled,in writing,tor ail oosfs,oompansa.�cre or expenses which ,
<br /> � , • � � m be assaciated therewith.tn addiUon.Trustee may bscome a purchaser at arry safe ot the PropeRy(judia2l ar under the power ot
<br /> f,' '' �
<br /> sate granted hereln):pcstpone the sale nf�;f or any portton oi the Property,as provided by taw:ar s�J the Praperty as a vrhafe,or in
<br /> separate paroels or tots at Tnistee's dissscllor�.
<br /> , � 14.Fees and Expert�es.ln the event Trustee ssiJs the ProD$rtY bY��se o1 pov�er of sale.Tnistee shaJi be entitted to apyfy
<br />�. .� � arry sate proceeds first to pa•finent oi ail costs and exper�ses ot exerctsing power oi s�ate.induding atl Trus�ea's fees,and lender's and
<br /> � •.. ' � Tnutee s attomeys tees, actualiy incurrsd to extent pertniHed by appll�b►e►aw.In the event Borrower or Tnistnr exercises alry dght .
<br /> �;," ' � provided by taw to cure an Event o!Defautt.Lender shali be eMiUed ta recover from Trustor atl casts and expenses a '��in�as
<br /> �� a resuit of Truswrs detaul�inciuding withoul ilmitatlon atl Trustees and attomeys tees,to the extent permitted by app
<br /> - � _'..,�—. 15.Future Adwancea Upon request ot Boaavrer,Lender may,at its op�on.rtaake addittonal and future advanees and read-
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<br /> . vances tn Borrower.Such advances and readvanoes,with interest theraon,shaii be secured i�y Giis i}ee�ot=r+r�.At�so��s�� -
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