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<br /> � ` � � , ,�n' � in aonnecttnn vrttl�candert�nation or otnsf takin9 oi tns Prope�ty ar part the�eoi.or for conve�jlanca in�eu ot oondemnation. � : -
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<br /> ' � Lend�er shall be er�U'8ed at(b op�on to eommenoe,aPPear tn end prosea�te irt fts wm name arry sctaon or prawedtngs.and shai4 a(su
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<br /> - Y Y�;,'�:•_,: .�-:- he ertftted to mahe any compmmise or set4tement tn co�actlon with sud►taking cr damage.ta the evaat�y portton W ft�a P[aperty is ' ; : •r
<br /> �taken or damagad.tsnder sh�11 have the op�or�in ttQ so18 anA absolute d3s�xeUon.to eppty alt su�ptooeeds, �ter de6u�tr[9 �;�t: `,.; .•. .
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<br /> _ ��,.;. . • therairom att a�[s and e�enses tncur�60�y ft tn ca�mec�on wtth suc�Prooeeds.upon any tndebtedness secure0 hereby enQ in�uch
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<br /> � order as lender may determirte.ar to appty aa sud�Praceads.a�r sueh deduc�ons.to the�esOaraflon of ihe PropeRy uDon s�mfr � ;,,
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<br /> � d[iions,es lender may dst�rrmtne.�ury aPDlicaSon oi�ooeeds to Indebtodnass stiail not extend ar pasipone tlse due dats af anY payF- << << .
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<br /> � � ° me�ds under the Not�cr wce�rry defautt theceunde►or hereundet�►y unapDC�eQ funds shal i bo D���Tw�tor. - ,:-
<br /> r ` 8.pattam�anee by Lender.Upon tha oaaunence ot an Event ot Oefaufi here�u►der.or ii a�y►act is taken or Iegat Praaee�n9 ,:� _x,�.;:�:,:
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<br /> . < .t�°, cammenoed wh1r.A mate�€aUY aftec►s Lende�s interest in the Pro�erty.Lendsr may irt(�avm disae8an.but without obRgaticn tu do so. �`;.`, f� :'`�,.5:
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<br /> �� t��` and vrdhout rwt�ce ta or demand uAcn T�r end without cefeasing T�r from r�ry obIIgattan.d�any act vihicA Tnis[ar has agneed .`.., � .
<br /> -�-��"--�-��� I�Y..A N� ._ ...........�...............u,e.�e».�.+c na�a�y to oratect the sealtiN hareof.T�t s!►a4,tmmediatsty upon � ,
<br /> �� __:__� ;�;;.�.a,.,..�:,,...a,.„........_., ........�_____ ��end sums ex�ended bY Lender tn connec�on with tne exer-
<br /> da�nand therefor by i.ender.Pa1►ta Lertc28r a�aasb and expa� �,.-
<br /> < �` dse bY Lander af the far+eBoing dghts.Uogethsr wi6�►interest theteon ai the defatdt rst�psavtde0ln the Nate.vvAtch shal!bs added M
<br /> • ' � <Y b�uss of enything it may do or am�to do herecmder. -..—-':'.
<br />- fhe indebtsdnsss sequed he�by.LenBer s�aR not tncta any liffiiGh►
<br />_ . `:`'�r"� 9.liaardous Matertals.Trustcr shalf IteaP the t?roperty in compL+ance witF�a11 appftcable faws�oNlnances and�aguta6orts
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<br /> '. reta5ng Oo fid�s�ial hygiene or emdronm�ntat praLedfan(witectiveh►�ete�ed W herein as'Envlromner�l Laws'}.Tnutor shati keeD ,,. r -
<br /> ����; ihe P►eAsdY free hom a11 substences deemed�be hazardous or tox6c under any Environmerttal laws(�1Jec6vety refemed to herein � �
<br /> ' �g{�a�Materiats�.Trs�tor hereby warrartLs and represents to Lenaer fhat there are rto Haaardous Nlatei�als on or under fhe � �
<br /> •F: ��''..� ..• � .� P�roperty.Tn�stor hereby agrees tn Irtdemnify arsd hotd fiatmtess Lender,iLg dUedors.otftoers.emD�Y�and agerds.and any suoces�
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<br />- " ��", damage.s.[esses and Itabilittes arising in wnnecdon vritD�the presenoe. ��.F,.�•'__;'--:�v.
<br /> srns ta Leiufei's interest.from and a�atnst arry and aU ctaims. _ --
<br /> -. , . ,�. , �e.disposa}�r transport of eny Hazar+dnus Maberials on,under.from or about the Property.THE FQtiEGOING WAOiRANT(ES AND : ---
<br /> ��� �� ": REPRESENTAT100lS.A!�[O TRU3TORS OBUGATlONS PURSUANT TO THE FOREGOING I�iDEN1NiTY.SHALL SURVIVE -�`�,�.�, � -Y
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<br /> � � �cosuvEVaHCeoF n��s o�aoF�us� �.' ,';
<br /> 10.Acs[gnmeM o4 Renfs.Tcustor AereDy asstgns m Lender,anA gra�ts L.enQer e sacurily ir�erest fi.atl Crasen�fudure end ''��, ,
<br /> 1` � afEer arising�.issues end Dmfits af tl►e ProPeRY:P�avtd�f fte�Tnestor sim11.�mtil the occurrenoa af an Event af Oefauft heteurtder. : ..r`_
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<br /> hav�the dgnt to cotted and�efain suc�rents.i�ues end D�as they became due an d pa y a b te.U p a n t h e o a u r i e noa of an Eve�t ai � . ...,.
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<br />- Qefauft,Lendsr may.ettfler in person or try agen�with or mlhaut bdnging any adion or prcoeeding,or by a reoeiver appointed by a , _
<br />` � ;;`'��`." cou:t ar�d�vithout regard to fhe adequsc�i o4 ib secur�ty.e��ter upon and take p�on af the ProP�7f.or any Part tAereof.tn tss awn ,.,,�::. �
<br /> - name or(n thg name of the Trustee,and do any acts vVttich it deems necessary ar aesiiabie�P�serve the valua.marketabttt�tyy o► _
<br /> � :. � .. � s�ntability at the PropBriy.or any part tttereof w Mterest thereln.or to increase fhe tncarrte therefram or protect the secautty herecf and. _
<br /> , v�or without taking possasston ot the P�operty.sua tor or oth�rwise coited the rents.tssues and profits�ereol.b�t�uuding 1t�o�e past �_�:�:�;�
<br /> --- due and unpa.°d.by rtotii�rin9 tenar�ts to make PaYments Q�Lender.Lender may aPA[y r�ents,issues�ai proflts,[ess oosb end e��s-
<br /> ,...:......._' ,".. es oi opera4i�n and coUet�Ion inciudisig attomeYB teea.to any indebtedness secured hetebY.ail in sud►arder as Lenif�r may QsLer- �4: ��`'-
<br /> • �,�; _ . �ine.The enUeflng upon ar�d taking possassion of the�oyeR71�fhe wlfecNoa of such renffi.tssues artd pmtfts.and the a�PUca�ori �r. ':
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<br /> � �reof as aforesab.sha0 not cure ar watve arry defau�or noUee at defauti hereunder or inva�date any act done in r�sponse to such �., . ,_
<br /> ' � . �� dafauft or pursuant to�aut�noUce of defautt and.noiw+�sstanding the co�ttinuance tn possession o!tl�e properi►J o►fh�co�on. '�•��':-..r-
<br /> � `':'�� �ceipt and 2�ylica�nn of renta.issues or pmfits.Tnistee and L.@nQer s h a t i be en ti t T e d t o e x e r r l s e e v e N r f 9 M p r o v��a d f or in a�o�Jf the �:�,�:,,;_
<br /> ( `� . � � �• Loan tnstrumanb ot by law upon ocaurance ai arryy Event oi Qefaulk inctudfng wiihout iimftatton tAe s".,,�rM ta exen�se the poweF a+f5�. � �>��:�•�_
<br /> Further.Lendefs dg�ts and remedtes undsr this patagraPA shall ba cumutaSve wlth.and tn no way a�imitatlon oa,Lendera dgh5 and `��" •:
<br /> '� � remedies under any assignment ot leases and rents�ec�ded against the PmpeRy.Lersder.Tnrstee and the tec6hrer shatl be tiabta to �:
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<br /> � � aoeount onty far thase[ents 2duatty receSved. . _. .`� -
<br /> • '� " � � � ii.Everns o4 Detautt The foIIotving sflall consOtuie an Evsnt of Default under this Deed of Trust =w;• .°-
<br /> � (aj FaAure to pay any i�talfineni oi princdpal or tnterest ar any other sum secured hereby�+fien duo; �:�� .�^
<br /> ';�,..., � (b)A breach oi or defeult under any►provlslon oontained in the NotO,th(s Deed oi Trust,any oi tlte Lcan fss�uttents.�$�Y - ::�:.__ �_.
<br /> ' • , ot�er tFen or er�c:umbrance upon the Properiy; +•-..;`•:•:-.
<br /> ,.." �.� : . (c)A vrrit of execuUon or attacfiment oc any simiiar process shaii�e entered against Tnistor which sha11 beoome a lien on `...;:.l.._.
<br /> tlle Ptoperty or any poRtun thereoi ot tnterest ffiereln; -
<br /> � � • (0)Thare sfia(I be fited by or against Trustor or 8orrower an acdon under arry present or fuUure feQaral,state ar offier statut�, �� �, `-,� _;.
<br /> ' [avr or regutaUon relaUng to bantwptCy,insotvency or ather re11et for debtors;or there shall be appoinffid eny truste9.rec�c'rar ot • -�'� :
<br /> Iiqutdawr af Tnistor or Borrower or of alt or any part of the Prop�rty.ar the rents,issues or pr48ta thereot,or Tnistor or Bcncwer ��`n��
<br /> F:.�, •�' � sha11 maka arry general a�signment for the benefit oi creditors: ��`'_ '
<br /> _ ' � (e)The sate.transfer,lease,assignment,cacn:syance or further encum6rance ot ail or any pan of or any tnterest In the �� .: �;�..�.-
<br /> ' ' ' Property.efther votuntariiy or Imroiuntarity.witha��t L��a express written conse��i c�Lender,ptovided that Trustor shati be permi� �;:-:;.:_:_:'�__
<br /> ' . ted to execute a isase oi the Pfop�dyt that does nat contain an aption to purcha�e and!ha term o!whlch dQes nat exceed one ,: �`;, ____� �
<br />. . � .. . �� .�..���.:
<br /> ��. • . � (�Abandonment of the Property;or . �.`'��
<br />'`;:. °� � ��. (g)IiTrustar is not an indiviQuat.the issuan�,sate,transfer,assigrimenl,oonveyanoe or encumbrance o!moro than(if a ,.
<br /> � ••" •` oorporatlon)a totaf ot _ percent'oi�i�ued artd outstanding stock.or(ii a partne►ship)a tc�1 of per
<br /> . • ceni of paRnership interests,or(fi a limited AatuTdy company)a Wtat o9 peroent oi the��1ed Iiabiiit�r wmpa- • .
<br /> � rty inter�st�or voUng d�ts during the pedod fhis Oeed o!Trust temains e lien on the property. •
<br /> � � • 12.ttemedtes;AcceteraUon Upon Defauit in the event oi any Event of befautt f.endet may,wtthout noUoe except as required " � . . .
<br /> - - ����' by taw,deciare ail indebtedness searred hereby ta be due and payabte and tha same shai!thareupon become dua an+d payabb vrifh- _ _ _
<br /> � � • out any preseMrnent,demand,protest or noUce oi any 6c;nd.Thereafter Lender may. ' • ,
<br /> . (a)Dasnand that Trustee exercise U�e POWI�i QF SALE grante0 herein,and Trustee shatl thereaftec causa Tn�stofs inter-
<br /> � ' est in the Properiy to be sa10 and the proceeEs to be dlsUibuteA,a11 in the rtr�:ner provided in the Neb�Trust peeds Ac�
<br /> r • (b)Exercisa any and aft righb D�vided for in any o!the Loan Instruments or by taw upon occurtence o1 any �vent of .
<br /> ;•..�. Oetaul�end . ' � '``�'
<br /> ' . . � (c)Commence an acNon W torer�ose thls Deed of Trust as a moRgage,appoint a recelver,or specificatly enforoe ar�,�o!the �
<br /> • .. oovenants hereof. ' '
<br /> � � Ho remedy herein confemed upon or reser�ed to T�a or Lender is intended to be exciuslve oi any other rerr,�y heceln,in�he toan .
<br /> ' � lnstruments ar Dy taw provided or permitted,but eaCh shall be cumutative,shai!be In addlUon to every other�rrtEdy givan hereunder, �
<br /> ' �. ' in the Loan tnsUumenb or naw or hereafter exlsting at taw or in equiry or by statute,and may Ae exerGsed eoncurrenUy,ind°penQenUy
<br /> • �� �: � orsuccesivety.
<br /> � • 13.Trustoe.The Tmstee may�esign at any Ume without cause,and Lender may at any time and v�ithaut cause appolnt e sur�
<br /> � � cessnr or substitute Tnisteo.Trustae shall not 6e tlable to any party,including wtthout timitadon Lender,Borrower.Trustor ot arsy►pur-
<br /> „ � � � � citaser of the Property,for any loss ar damage antess dua to reckiess otwififul misconduct,and shatl not be required to take any actlon
<br /> ' " � tn connecUon with the enforcement of this Deed oi Trust untess IndemniBed.in wriUng.tor aii costs,wmpensatlon or expenses w�tch . .
<br /> � � may be assodated therewitti.ln ad�ition,Trustee may become a purchaser at any sate ot the Property qudiciai or under the povrer of . .
<br />; - - sale graMed berein);postpone the sate of all or any poRlon o!the Property,as pcovided by taw;or sell the Property as a whote,or in •
<br /> � • separate pa�cets or tots at Tmstee's dlscreUon. .
<br /> • `' • � � 14.Fees and Expeasea.tn tho evantTrustee sells the PropeRy by exercise oi power oi sate,tfustee shatl6e en��ed to appty .
<br /> ' •' any sate proceeds flrst to payment of all�osts and expanses o}exercising power oi sate,Irtctuding all Trustee's tees,an0 Lertders and
<br /> � � � . Trustae's aitomeys tees, actually in�urred to extent pertnitted by applicabte law.In the event Borrower or Trustor exercises any right
<br /> � � • provlded by taw to cure an Evant oi DefauN.Lender shall be entiUed to recaver trom Trustot ali oosts and expenses actualry incurred as
<br /> � � ' a result af Trustors default,inctu4ing without timitation all Trustee's and attnmeys tees,to the extent permittad by applira�te tavi.
<br /> _l�._,.�_,_�_ • . • ._ � , 15.Future Advancos.Upon request of Borrower,L.endor may,at its optlon,make addiUonal and future advanoes and read- � � ��
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<br /> � vances to Borcovrer.Such sOvances and readvan�s.with inferesi ii�er�,ri,srieti i,e secursd by thl�i7rad at Tr�t.P.t r.e llme the -- , -
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