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<br /> ' .� ;�: �rooeeds7 tn oonneWon vrith condemnatIon or other taking oi the P�vperty or part thereot or for oonvayanoe In tieu of oonderturaUon. �
<br /> :� .`�' Lender shatl be enUtled at its apUon to oommence,appear in and prosewte in its awn name any ac�on or pceceedings.and shali etso :�
<br /> = he enti'tted to make arry aompromtse or setttement in oortnec�IIon with such taking or damage.tn the eveni any poNon oi the Proparty is 4;'
<br /> •.:`'` •. ' ,;�t�. ' so taken nr damaged.Lender shatl have the opilan tn iLs sote and absod�te dist�retion.to aDPN all sueh proeeads. aftsr d�n�Jng �4 ':
<br /> , �`:•�.: : •`.. t�ar8fram a(1�sts and expenses incurted by it in oonnecdon wiM suM P�ooeeds,upon any Indebtedness securad herehy and in s�td� �.`
<br /> • • � ' °:� '�� cNer as Lender may deflermine,or tc aypry sli su�Prooeeds,after sud�deQucdons.to the reswration of the Properry upon such o0o-
<br /> . � di�ons es Lender may detennine.My appolcaUan ot Praaeeds tfl indeb�edness shall noE sxtend or pos�one tAe due date of arry pa�
<br /> ` ments under th�Note,or cure any default thereunder or hereunder.My unapplied funds sha11 be paid to Trusmr. �
<br /> ` `•��::,� 8.Rarfortnanee by tender.Upon the occurtence af an Event af Oefauli hereunder,or ii any act is taken or tegal pcooeeding +. .
<br /> � .� � - commenced vfifeh materiatty aftecls L�nder's interest in ths Property.lender may in lis awn discretton,but wit�out obtiga6an to do so. •.
<br /> �� ..� ,.�� and tivithaut notl�to or demand upon T�r and without reteastng Tnrsmr from acry obtiga�an.do any act which Tnismr has agreed
<br /> but faited to do and may aiso do any otf�er act it deems neoassary to proted the securiry hereoi.Tnistnr shall.immediatety upoa •
<br />_�- � -�-r"y..,�;_� demand theretor by Lender,pay W Lender all oosts and expenses incurred and s,ums ex�sended by Lendar in connedton v�ith the exer- __
<br /> �`�" ` dse by Lende►of the faregoing rights,together wtth interest thereon at the detault rate provtded in the Note,wt�Jcb shaU be added Oo
<br /> . the indebteMess se�ured hereby.Lender sfiall not inc�any tiabitity hecause af anything it may do or omit to do hereunder.
<br /> .._'` . • 9.H�ous lllaterials.Tnutor shall keep the Froperty in compGartce with alt applicabie faws.ord'�nanoes and reguta�ons
<br /> ' `�:�` relathtg W industrial hyg[ene or envitonmental protec�ion(ooilecdvely�efemed to herein as'Errvironmental LaKrs�.TrusOor�aU keeD '
<br /> . _ >• tlte Pmperry ftee from a11 substances deemed to be ha�rduus or tmdc under any Erniranmer�al Laws(oolle�tvety referred ta herefn °�`
<br /> � `.,�ry< as'Hazardaus t�Aateriais7.Trastar hereby Yvar[aMs and represents b LertQer that there are no Hazallous Mater(als on or under tha
<br /> . , �� ` Properry.Trustnr here6y agrees tn indemnify and hnid hartntess Lender,ifs direcmrs.offi�rs.employees and agents,and any saooesr
<br /> . ' .- sots to Lende�s interest.ftam and against arry and aU daims,damages.losses and IiabUiitIles arising in oonnection�vith the presenoa.
<br /> . ' �° ;',.�..� use,d�sposai or transpoK of any Hatatdous Materia(s on,under,from or abaut the Property.THE FQRE�QOIN(3 WRRRANTIES MfD
<br /> REPRESENTATI0I�4S,AND TRUSTOR'S 08LtGATtONS PURSUANT TO THE FOREGOINIG INDEMNlTY,SIiALL SURVIVE
<br /> . �°�`'` RECONVEYANCE OF TH[S OEED Of.7RliS1:
<br /> ' � 10.Asstgnment of Renffi.Trustcr hsreby sssig�s in Ler�er.and grants Lender a securiry interest in,aU present,fuhue and
<br /> " after arising nents.Issues and proftts of ths Property:R,�¢�:decf that TnisEor shaii.�S�e occurrenoa of an Ever�t af Oefautt,hereunder. , °
<br /> - :, .t��: have the rtghi to oottect and�etain s�ch rent5.tssnes and pmflts as th�6ecume d�and paya6te.lipon fhe accurtence of an E�rent af
<br /> � ••.�';;�,; Qefaut�Lender may.either in person ar by agent,w(th or yvithout b��g any action or proceeding,or by a reoetver appoin�by a -
<br /> _ �`..:r,�. :�.:;,.,:, court and without cegard to tha adequacy of its seauiry.enler upon and tatce possession af the PropeRS►.or amr pari thereof.in e's o�rm
<br /> -. - name or in Me name of tfre 3'rs,sDee,and do aml ads which ft deems necessary a�r desirahie to presenre the vatua.marketabflit}t or ,
<br /> ' � •- �� - �entability of the Property,ce�c.y paR thereoi or intarasf therein,or tn inaease the irtcr�me therefinm ar protect the securt'iyr hsreof and.
<br /> ' ���;° witl�or without taktng possession o9 fhe PropeKy.sue fir or othennrise ccllec!the re�Rs,issues and profits thereof.tncfuding tltase past
<br /> due and un�id.by notifytng tenants to maSce payments to Lender.Lerider may appty oents,issues and profitg,less o�ats end ex�ens-
<br />_„- " • es of operaUon and colledion fiduding a3omeys tees.to any indehtedr�ess secured hereby,alf in such oNer as tsnder msy dete[- E- �
<br /> .. mirre.The enterir�g upon arM takirtg po�ion of the Pinperty.the oollecUon of such renfs.fssuas and profits.a�td the ap�ftqttat►
<br /> :'. f,.�;', �ereof as aforesaid sAaU not cure or waive any defauft or noUce of default hereunder or invalidate any ad Qons in response to such F�'-�
<br /> '.. ..s "" default or pulsuan!to such notice of default and,notwtthstanding the contlnuance�possessian of tise pra�-��r the oollecBon. •..
<br /> `:��-;�r::�i• receipt and appifipUon ot rents,issaes or profds,Trustee and Lertder sha0 be entlUed to exerdse every rfght pratiiW's!for tn arty ai fhe •��=•
<br /> Loan Insbus�enb or by law upon occurtence oi any Event of Defauit,inctuding w(thout Iimita�an thQ right to exerdse fhs po�+re�sci safe. �"�"
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<br />` ,, � Further.Reua�fs dghts and remedtes under this paragrdph shall be caarrn,tative with,and in no way a UmitaUon on,Lender's r��and ��
<br />::_, • : �emedies under any asslgnment of�eases and rents�ed against L'se PropeRy.Lender,Tn�stee and the reoeiver shalf ba�abie t+o �-
<br /> aocount anfy for those ren�a�tually reoeived. �<�'
<br /> ., . : 11.Evanffi ot Oefaui�The foltowing shall cons'u'�Da an Event of Oefault under this Oeed�Tn�
<br /> & t�:,�,� . ;�' (a)Fal►ure Lo pay eny insiaitment of pdndpal or interest or any ather sum secured hereby when due: �"'_
<br /> . (b)A breach of or defautt under arry pravfsion contained in the Note,Mis Deed of Tmst,any of the Loan(nstrument-a ur amr �.-•-.
<br /> . other lien or encumbrance upan the PropeRy; E,-;.,;"
<br /> � � (c)A writ of execudon or attachment ar any similar process shail be entered egainst T�ustor whict}shatl became a lien on , �•::.-7
<br /> � � the Property or any poRlon thereot or interes4 therein; ��,�:�
<br />, . (�fiere shall ba fied by or against Tnistor or Borrower an acdon under any prasent or fudrre fedarai.state or ot�er statute, ;�,-,�,
<br />_ . taw or regutallon refatlng to bantwptey.insoivency or ofher repei for debtore:or fhere shall 6e appointed arry WsLae,receiver or � �:�=-_
<br />- . IiquiQator of Trustor or Borrower or of all or any part ot the Property,or the rents.issues or profits thereof.or Trustor ot Borrower =,s.._.
<br /> "��'� ��; � shall make any general assignment for the benefit of creditars: � °-
<br />_ • (e)Tha sate,transfer,tease,asstgnmenL oonveyance or turther encum6rance of aA or any part of or any interest 6n the '
<br /> ���`' ,, Rroperry,either vot�adry or invofuntady,wittmvt Ms express written consent o!Lender.provided tfiat Tn�or sAaO Ce penn� ��':'
<br /> � ted to execute a leasa oi the PropeRy that does nat contain�o�Uon to purchase and the term ot wNcb daes not e�aad on0
<br /> '�,-. year,
<br /> � �• ��a?:'� (f�AbandonmentofthePro e � .
<br /> D rtY:or
<br />_ . ' (g)Ii Trustor is not an IndivJdual,the issuance,sale,transfer.assignmen�oorneyanoa cr encumbr^�ce af more than('d a -
<br />- � .' corporaUon)a totaf oi percent oi its issued and cutstanding stodc,or pf a partnershlp)a tccat o! per-
<br />_ , .�.����� tcca
<br /> . cent ot partnership interests.or(if a Ilmited IIa�:;�yr company)a total of peroent of ths i:�rsited Iiabiiity Compa- �`___`y
<br />- ' `, ;::,� ���. ny in!eresis or voUng dgbts dudng the pertaa this fZ�2d of Tn�t camains e lien on the properiy.
<br /> � " ; 12.68i:medies;Acesteratfan Upan Oatau(L In the event af a�y£vent of Default Lender ma�,withaut notice axoept as aequired
<br /> `� ��'���'�����'•�'< by Iaw.der.�;e a11 indebtedness secured heteby to be Que and payabte and the saame shali thereupon beoome due and pay*��e witt►� ��..
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<br /> �.''��" �� out any presenbnenL demand,profest or notice oi eny kind.Thereafter Lender may:
<br /> - , ��' �� , (a)Demand that Trustee exereise the POWER Of SALE granted hereln,and Tnisbee shall fherea�i czuss Tn�stors inber- �.
<br /> ' . est in tl►e Property to be sotd and the proceeds to be distributed.aU In fhe mam�er provided tn the Nfebr�a Trust DaeQs Ac�
<br /> �f, (b)Exercise any and ail dghb provlded for in any o!the Loan tnstruments or by(gw upon ocs�crence o!arry Event aT
<br /> . • Qef�k and
<br /> � �; (c)Commence an acdon to fo�tose this Deed ai Trust as a mor�age,appolnt a receivzr,or speciflcalty enforce an}r oi the �
<br /> ,. � 9 covenanb hereof.
<br />- � � + No remedy herein conferteA upon or reselved to Trusiea or Lender is intended to be endushre oi arry other rerr,e�yr herein,in the Loan
<br /> `.t InsWments or by taw pravided or pertnlKed,but eacb sl�a11 be cumutaUve,shaN be in addiUon to evory other remeQy gtven hereunder.
<br /> - . � in the Loan tnstrumenta or eow or hereafter existlrtg at(aw or in equity or by stetute.end may be exercised ooncurrenUy,independentty � .
<br /> _ � orsuccesivety.
<br /> - � ' 13.Trustee.The Trustee may res'�n at any Ume wtthout causa,and Lender may at any Ume and wlfhaut puse ap4ct,zE a sua '
<br /> '��' . . " cessor or substitute Tnistee.Trustee sha0 not be liabte W any party,tnctuding vQthout flmitaUon lender,Bortowar.Tnistnr ar zrty pur-
<br /> `� • �aser of the Property,for any toss or damage untess due to reclQess or w(Iitut misoonQuct.and shall not be�equtred to talce any actlon '
<br /> ; " • '. in�nnecdon with the enforoement oi U►is 08ed ot Trust unfes.s indemnified,in wri�ng,tor ati casb,wmpensatton or expenses whtch .
<br /> � . may be assaciated therewith.ln addiUon,Trustee may become e purchaser at any sale o!the Properiy�udlcial or under the power of .
<br /> sate granted herein);postpcne the sate of aU or any pordon ot the Property,as pravlded by lavr,or sell the PropeRy as a whote.or in
<br /> • . separate pamels or lots at Trustee's dls�xeUon. �
<br /> -.- - 14.Fees and Expensea.ln the event Trustee seils the PropeRy by exerclse oi power oi sate.Trustee shall be entiUed to appiy '
<br /> . . �any sate prooeeds flrst to payment ot all eosts and expenses ot exercising power of sate,inctuding all Trustee s fees,and Lenders and �
<br /> � • Trustea's attomeys fees, actualty incurred to extent pertnitted by appliqble taw.ln the evont Bomawer or Tnutor exer+dses any dght
<br /> � provlAed by taw to cure an Evant of Oefeulf.Lender shall be en6Ued to reoover trom Trustor all casb and expenses ac3uafty incurred as • �
<br /> `��� �� � � a resuit of Trustors defaut�inctuding without tlmitation ail Trustee's and attcmeys fees,to the extent permitGed by epplicable taw.
<br /> - . 15.Future Ad�mneea.URon request oi Borra�Ner,lender may,at ita optton,make addiUona)and futUce advanoes 8n4 reaQ-
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<br /> .�_' va�sces ta Eos�rer.Suci�advances anG reaGvances.wiU►Inierest t�ereon,sBafi ife securea by b7is Qaeci of'i�usL At no Ume si�sii tore ._
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