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<br /> . . 'pra�oeads7(rt wnnea4ton with candemna�on ar mthor taktng of the Propert5►or Pa�t thereot.cr for onn°vayance In 6eu af oondemrm�an. �v ;�
<br />� �? . � Lertder shaU tte e�t f a�a t f t a o p t ion t o c a m a t e n a e.a P P a a r I n a n d p r o s e c u t e i n l t s a w n n a m e a n y a c H o n o r p m c e e d i n g s.end shaff atso _
<br /> - '' ° ba.e�ftr�ted to make any wm�romisa at sattlenient im m�nectton v�such taking ar damage.ln the everd arry pacrttfln of the ProDaRy ts �.
<br /> �`'.�;''.��:.•' sa taken ar damaged Lender shai!have ti�e opiifon[n tts sote and sbso[ute disaetion.to aPph►a11 sud��meeeds. after Qeductheg •. ° :�:
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<br /> " ��� ` theretrom all cosis an9 expenses incurred A1l it in canr[�dion vutth surfi PraoeeBs.upart any indeb�:dness s�cured herelsY anA in sud► � .r :.
<br /> ` ' � order as L.ender may determine,or t�apply a11 sud�.Prooeeds,efter sude Qediuxions.to the restorat�on o i t he P mpe R y u pon su�mn- •.
<br /> :`_'��, �, :":;:v �iCwns as LeriBer may determins.My appiir�'tIon of Rraoeeds to indebtedness sha�1 not extend or pas�one the dua date of a�ry pay- -``; 4
<br /> menb w�der the Noig.or aue asry defar�[t thereunder ar hereunder.My unappQed fimds sha0 be paid ba Tn�tur. �n �
<br /> {. '� 8.�e�fprea�an�try Ler�der.Upon ihe oocurtence ot en Event oi Defautt hereimQer.or if any ad�ffiken or tegai Rraceedir►9 :
<br /> . . • commsnc�d which matsr�afh►atfeds Lender's interest[rt the PropeRy.LenQer may in ib ovm discreUon.but�hnut obligatbn to do so. •�.:
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<br /> . and wfthaut aalice to or d$mand upon'FrusOor and e�thoui reteasing TnssGor from arty ob�gation.da any act whtch Tnistat has agresd ; : •
<br /> '`�, but faIIed to dv and maY aLso do atry othe;act it deema rt��ry tn protec�ths sec�uii�f hareaf.Trusior shat�.imme�ately upnn •
<br /> .-=x'- - - --�.''__R � ..�_._.�•.........r.............r:�.....irn Nm►avAr_ "�i..• .`.
<br /> � v: . ,,�. . damand tner±afor py�en�fer.DaY to Lender e1i oosts e�[s exQs�ses i�?"a •�••r•.«�'-'�-'.�.--- ��-
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<br /> ;•., .c , :��; dss by I.ender a�I Bte foregoin9�9�•�8�wtti��te�st thereon&i tlt�defaidt taU�Amvtded•In tfie NoLe.whId�shaU ba edQed to
<br /> � e a� tn it ma �a oramftto da here�uider. �r �
<br />-,t �,.:.°.;`. '` . i4�e tnQe0t2dnesasecur�d hereby:kender sltail nat ina�em►QabiBiy►p��� �l►�h S Y � . .
<br /> 9.H�aadous t�atsria(s.Trustor sRa11 laeep the�operty in oomplian��vith all apPQcab(e laws�erdina�es and regutatfcns r ,
<br /> ��,.�'.� �f..,� , reta�ng tn tndustriaf hygierte or environme�!protec2eon(coltactivety referred Ga herein es'Environmenia!Laws�l.Tcustor shalf keep - r
<br /> 8t�FropeRy free hom aD substances deemed to ba trazardous or toxic wu�er an Env(mnmentat Laws(cotlectIvety�etetred to herein �
<br /> ss`ttarar�ous lt�ateriais}.Tiustor hare by�n r a rt a r R s a n d t e p r e s e n t s t a[,,e n Q e r M a t tl t e r e a r s n a H az ardous Materiata on or under the ��^�;i.
<br /> . . _ '� R+'oPertS►;T�usdar h�eby agrees to tndemn3fy and hdA harmte�Lender.Ns direerors.oNicers.emptayees and age�s.actd arry su�
<br /> '.`��' sma m Lender's U�srest,from and against any and e1!datms.damages.tasses and liaDDitles eristng Tn cam�ecSon with the pces�ance. �".`,.,;:_
<br />- ��`.�,;,��..; us�.�ispcsal or transPorR of any H az a r dou�M a i e r i a i s on.u n d a r.f ro m o r a b o u t t ft e P r o p e r t y.'f'HE FOREG0ING WARRAtdT1E3 AND �-��
<br /> " - REPRESENtTAT10NS.AND YRUSTOR'S OBLI�AT{OIdS PLiRSUANT TO THE FOREG0ING lNQENMRY,SHALl SURVIVE
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<br /> •- " RECOtWEYANCE OF THIS DEED OF TRtdST. '
<br /> ' ' 10.Ass[gnmeiR o�Kents.Tcustnr�tereby assigns to lsnder.end gran�.a LsnQer a�dty interest tn.ati ptesem.fuwre sr9d
<br /> , �� •; aftetarfsing rettis,issuss and proflts o4 the Properiy.Pmvided I�at TrusGos shaU.un�l the ocxur�3nce of srt EveM o1 Defsult.heieunder. �� M�
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<br /> ,.� . '�•:. have ths�igbt to wliect and retain sucA rer�Cs,issues and proftts as thsy�ecama due and payabte.Upon the ocwmence of are Event af
<br /> ' ' .. _.t,_;.;,_ petautt,Lender may.e�her in person or by agent,with or wlthoat bdrtgtng arry actlon or proceeding.or by a receivsr appointed by a
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<br /> ' of tts enter on and take�OSSesston af the Properry.or airy pad ttiereoi,tn its ovfn ��`�-
<br />- eoutt sAd t�ntRdut tegard M the adequscY secunt7/. W
<br /> ..,,;;°;�'•!� �. ': ',_..� name or tn the name oi the Trusbee.and do any ad�whidi ft deems neoessaiy or desUabte to Dreserva the vatue.mac�tabAity ar =;��.��"/
<br /> . rer�ffibAity af the PropeRy.or arry Part thereof or interest therein,or fu in�e tha Income therefram ar protect the"securiry hereoi and.
<br /> '� with or without takfn9 Possessfon of ths Pro�edY.sue for ar othennnse�ttect the retrts.issues asid prufits thereaf.tc[ctuding thaae past ,..
<br /> , • °::�' due and unpatd.by natNying tenarrtts to make paymer�ts t�Lender.Leader may aDply rents.issaes end pmfits.less oosts and e�ens- • �;�.;.,��
<br /> - _ .._.. : :�,.�� es W operattan and caltecaQn indudirig aftomaystees.tn arty irrdebtedrtess secured her�bY.afi in such aNar as L�nasr rt�y da�r- r„,,, -
<br /> � mine.The ernering upon snd taking possesston C the�roperiy,the c�itection of such tenLs,issues and protits.end ffia a�A�ation �„�
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<br /> ' thereaf as etoresatd shalt not cure or waive any defauit or na�ce of dsfautt heneunder or(mrallQats any ad dane tn response to such , �' �.
<br /> � -• detanit or pwsuant to.surfi rtotlGe o!defauit and,notwithstanding the caminuanca in Dossess�on ot the praperty or the ooflecUan. ��,_. :
<br />�; :'I :.:.. .{.�";�.:,�r� rewipt end applicaiton ot[ents.issues ar paafits.Trwtee and Leader shatl be errtlUed to exerdse ayery dgh!Orovfded tor tn any of the ���
<br /> •� Laan Insuuments or 6y tavi updn oCCUrtenee of aity Event ot Qafaut�irtduding w+'thout IimJtation the�tght W exerdse the Dower of safe. �.�;,,..
<br /> ;� �'�. `: � � FuRher.Lertdefe rfghts end'remedles under this paragraph shaU bs cumu►athre with.and in no way a timitatlon on.lenders ftghts and �x_,
<br /> � � ':,;.r, ;�` ` remedies under any assignment of 82�.°,es and rer►b recorded agatnst tfi�e Property.Lender,T�ustee and the recefver shafl be IIahfe to ---
<br /> � •. ' ar�ount oNy for those rents aduaiy a�#aitved.
<br /> � . °° ".' `.,iti 11.EveMs of Defauil.The foHowing shaD wnslitut0 an Event of Default undar this Ele�O aiTrust =�."•:
<br /> �.. . , .
<br /> _:�;- ,-. .::`� , • (�j Failure ro pay any(nstaltmertt ai prindpa►or U�terest or any otrier sum secure0 hereby wNen due: ��
<br /> 0
<br /> � • . � ' (b)A breach of or Qefauit under arsy►provision cantained in the Note.6iis Deed af Tnist.any oi B►a lnan tnsttuments.ar ar►y►
<br /> ..�:� other Ilen or encumbrancevpon the PropertY •�
<br /> c)A writ o!executlon or attachment or any simftar prdaess shall be entere0 agalnst Trustor vfilch shatl beoome a lien on �.
<br /> ( �_�_.
<br /> � ' the Ptoperty or any poRton thereW or interest tAerein: .i
<br /> ,`' ��J•� .
<br /> f . ' (dj There shaRi be filed by or agaUst Tvustor ar Borrnwer an action unQer amr present or future iederat,state ar other statute. __
<br /> taw or cegutaUdn re�etfng to baniauptcy.Insoivency or other reiiet for dabto�or there shall ba aPPAinto�any huste�.recsiver or ' ==°v-
<br /> •� � .; .�. "' Iiguida.or ot TasUOr or�ortower ar al ell or any part ot the Property,or the renta.tssues or profits theteof.or TnaKar or Borrawer �, ___.
<br /> -� ;,� :, s'hal!make any genaral assignment tar the 6enefit of cfedito�s: -y
<br /> ;; ..,� :,�-,�, . ` (e)The sale,hens!er,l�e,essignment,convayanae or further encum6renoe of all or arry part of or any 6�tsrest tA Np �_,� ;
<br /> S�roperty,eitiier vohmtarily or irnotuntarily,vd4hout fhe express w►itten aonseM ot Lender.pmvided that Tnrstor staa.7 be pem►it , ���,
<br /> '�'� � � ted to exearte a lease oi the Properiy that daes not cantain an opfton W purchase and the tenn of whicA does noi exceed onv . �'�' ��'
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<br /> � �� ' �• (fl Abandonment o9the Property:or� - �..'� .;
<br /> � '� � . • (g)iiTrustor is nat an individual,the fssuance,sai�.b�nsfer,asslgnment,conveyance or encumbrancs of mote than(i1 a
<br /> °': � earporaUon)a Wtal oi perr,ent oi its issueQ and outatanding stack.or(H a paMership)a total oi per-
<br /> � ' oent e! partneBhip in4eres[s,ot(It a tlmifed liability com,�any�a total ot pereent ot th9limited G:6iiity compa- '''�%��
<br /> ;; , ?��� � .. • ny intesests or voting�Ights dudng the periad this Deed of Trust remains a lien on the property. _
<br />--_- 12.Ramnd�es;AcceteraBon Upon 9atault In the event of any Even!ot Defauit Lender may,wilhout noUce except as re4utred _
<br /> ' - by law.dedare all indeDtedness secured hereby to be due and payabt�and the same sha0 thereupon beooms 4ae and payabte witta ,
<br /> � �' oul any presentmsnt,demand,profest or noUce o}eny kind.Th�ereafter Lender may:
<br /> � � � ' (a)Demand that Trustee exercise the POWER aF�ALE granted heroein,and Trustee shalt tM�resRer cause Ftustofs inter•. .
<br /> - � � est in ths Properry/to ba sota and tha proceeds to be�stributed.a0 tn tha manner provideQ In the NeDrasHa Tnist Oeads Act;
<br /> =�,: • � � . ' (b)Exerclse any and all�ights Drovtded for in any of the Loan lrtstruments or by law upon accurrenco oi any EveM of
<br /> +::� Qefauifi and � ,
<br />: � . .. (c)Commence an acUon W forectose this Oeed o!Tnast es a mortgage,eppolnt a receiver.or speaft�lAt entatce atry ot the ,
<br /> covenants hereol.
<br /> ' !Ho remedy hereln eonterred uDon or reservad to Trustee or lender is intended to be exCluslve aT ar►y►otAet remedy her�.n,In 1he Loan
<br /> •' � InsUvments or by faw provided or permitted.Out each shail be cumWative,shall be in additlon to every otfier remedy given hereunder. �
<br /> • � � in the Loan tnstruments or�ow or hereafter existing at taw or in equiry or by staUde.and may be exer�cised concurtentty.inQeAendantty . .
<br /> . � or sucoesivety.
<br /> • 13.Truat@e.7he Trustee may resign at any Ume without cause.end Lender may at any Ume and without causa eppoint a sua"
<br /> - cessor br subsUtute Trustee.Trustee shaU not be Ilabte to arry party.inctudirtg without limitatton Lender,8orrower.Trustor or any puc'
<br /> , : • - chaser of tha Property,for any loss or damage unte^•s due to recldess or wiilful misconduct.and shall not be fequired to take any acUot► :
<br /> �. in connec@on with the eniorcement ot this Oeed of Tn�t untess indemnffied.in v�riUng,for aD costs.compensation or e�cpenses which
<br /> � � may be associated therewith.In addiUon,Trustee may beoome a purctfaser at any sate ot the Ptoparty Qudiciaf or under tl�a powar oi
<br /> �-� . . . sate granted herein);postpone the sate ot all or any poRion of the PropeAy.as provtded by taw;or seU the Property as a vfiote,or in
<br /> %?�'� , ' � separate parcels or lots at Tnistee'9 discreUon. • .
<br /> r' ' � 14.Faas and Expenses.ln the eveM Trtutee se0s the Property by exerctse o i povrer ot safe.Trustoe shall be antitlea to app�y .i
<br /> � � • any sate procaeds flrst to payment oi all eosis and expenses oi exercising power oi sate,inetuding ail Trustee's fees,and LenQer's and
<br /> � . Trustee's atfome�s fees, adualty incuned to extent permitted by applicabte law.�n the evant Barrower a Trustor exetcises any�ight
<br /> • . provided by tavi to cure an Even4 ot Oefault,Lender shalt ba BntiUed to recaver from Trostor ail costs and expanses actualty incurted as
<br /> ' � • a resutt oi TrustoPs Qefautb including without limitation all Trustae's and attome}/s tees,to tha extent permitted by appltcable Iavi.
<br />'�:-�• _. • ' • _ . ..__ 15. Future Advaneea.Upon requast ot Bortower,Lender may,at its option,make addiUonal and future advanoes and read-
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<br /> �� vanoes to Borrower.Such advances and readvances,v�ilh interest thereon,shatl be secured by this�aed of'irusi.At�o Eine si�a�i tha �
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