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<br /> '< k ,. wEth condemnaUon or otRer tatdng af tha Properry or part fh�reof,or tor convey� tnl►eu condemnation. a ,�; •
<br /> ,.�. �,_�4,.�,��. `. 'PtQOHBOS'Ut 00M8C�I0fl .
<br /> LeaQer shaf!be erstlited at t4s optlon to comme�lCe.aFPear in and pros e c u 4 e t n t b o w n n a m e a r ry a c t t o rt o r p r o�e d i n S s.a n d s h a l t a t s o f _ �.a...
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<br />- be entiLed Lo make at►Y oom�romise or s�ttement ir+�nnection with such ta3cirt�or damage.In the event any partion ot the PrapeRy is �_..`., ` o` �
<br /> sn tatcen ar aama8�•LenQer shn11 have the op l i cn I n[t s sote arM absoNte dlsaetion.t�aPP�Y ell sud�proc�eds. after deduding � ,ir., <..i,: _;.
<br /> '.��r therefrvm a!i costs end expenses MairM by it�aonrtectloA vdth such Pca�eds.upo�eny indebtedrtass seaued hereby�d i�a� �, y. ::. _..° :
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<br /> . `�' ', aider es lender may detertnine.or to aPDh►alt such Pinoeeds.after s�cd�dedat�lons.m Me restcraUon oi the Pcape�tY+iAa �, a. _
<br /> •. 'L.`� `�f y � •�� � dWons as Lender may detertntns.llny aP�ticaUan of Praceeds tn indebtedness shali noi esdend or pas�atte the dua date af anY IIaY= •
<br /> . meMs unde�the Note.ot aue any defasdt thereunder or hereunder.An1►unaPAtisd fmnds sAaU be pald tdTnistor. '',`�y-.,;�y��
<br /> 8.P s l f o m�a n c a b y L.e n d e r.U p a n t h e oc�umenae ot an Event of Defautt hsreunder.or if arry ect is tzfcen or tegal proree�ng •.�. :.
<br /> ° , . • �enced which materiaily afiects l.endefs ir�Uerest in the Rroperty.Lender may in its own d[scretton.but without obUga6on ta do so. :,:.:�
<br /> - �' �.�• and vyithaut notis:e to or d�rtand upon T�ustor and witM�reteastrt9 TrusOor fr+nm arry obligstlon.do any act which 7nsstor has agread ' `,�,•. t,�L u,:
<br /> '4```� `' b�ct tailed ta do and maY a1&o do arry other act it dsems rteoessary►tn protet:t ths secutity hereot Tnutor shail.Immedlatety upan .
<br /> �.'� ?�.� demand lherefor Dy Lender,pay to Lender aif casts and expe�es ineumad and sums expended by Lender in cflanectlon with ths exer- ;:
<br /> cd�a by I.ender of the foragoing dghts.together witb iMerest the�eon at the Qafauit rate provided in tAe Note.v fi i d�s h a f i bs added W _` `'
<br /> , _ the indebtedness secured hereby.Lender sha0 rtot incur any I�a6lliiy because M a�ing it maY Qo er omit ta do Iteraua►der.
<br /> . ` 9.Hasardous PAaSerlals.Trustor shaU keep the Propefty in oom�ritance witt►all applicable iaws.o�nanoes and reguiatians -r,= ,
<br /> ` retating Lp industrial hyg?ane or emironmerital protet�lon(ca[lectivery r+9ferred to herein as'Environmental Laws7.Trustor shall keep . -. ,
<br /> � " the Property free fram atl stebstanaes deert�d to de ha7ardous or Laxic under any F�vironmental Laws(coUstxivety refecnd to hereln _ ` :`.r.,,.
<br /> , ,. es`Ha�ardous Materfai�l.Tn�sOor hereby warrants aM represerds W lender tt�at there ate no Na'rsrdous Materiafs on or under fhe ;3°•".�`.._�.,: `�
<br /> r-%�' Rroperry.Tn�sLon c�3reby agrees tc indemntty and hoid harmtess Lender.Rs dtr+edors,ofiie;ers.employees and aQsr�is.and any►succer , _ ,
<br /> .;�,.�.,`' .. `."�� sors to Lendets irteresR finm and against srry anA all dsims.damaSes,losses and[iabitities arising in connedion with the presence. - ----
<br /> - < r ` REPR�SENITA O S,AND TRUHS ORS 08UGATIO SdPURSUAN�TO THE FOREGOING NOEMNlT1f.SH�ALL S RVNE -=v J _�f
<br /> a:--.
<br /> �coriv�raNCeo�ni�so�EnoFrnusr. t _
<br /> . t0.Assignment of Rer�4s.Trustor hereby assigns to Leader.and grants Lsnder a securit�/interest in.all present,fu�re an4 . ___
<br /> af0er artsing ren�.issues and profits ot tha PropeRY.OroviQed tl�at 7[ustor shaU.unt�l the accurrence of an Event af Oefaut�he�eunder. .
<br /> < ,`, ..: :-:.:�'.. ' have the�fght to oottect and retaln suct►ceMs.issues and profits as they become due and payabie.Upon the oocurrence at an Event ot °,�r'...,
<br /> ` ' Qef�utt,Lender may,edher in person or by ageRt,wittti or without bdnging arry acdon or procesding.ar by a receiver appoi�ted by a .�L tii,'
<br /> caurt and witl�out�egard to the adaqua�y of its sAaudty.eoter upan and take Passassion of the Properiy.or arry Dart fhereof,in its own .�, :
<br /> . • ' c'�,. name or in the name of the Tnistee,and do any acts which it deems neoessasy or Qeslrabte to P�g��e�i�•�s���or .'.,:�,,•." ';�'-
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<br /> „.�F- rentabitity ofthe Propetry,or any pact thereof or interest iherein,or tn inaease the inccme therefrom or pr+atect the security hereof and. -_
<br /> � with or wjthout takiag possession af the PropeRy.sue for or othecwise coUed the tenb.issues and profits thereof,inctuding those past _
<br /> � �� due artd unpaid,by notitying tenants to make p�yments to Le�der.Lender may appty rents.issues ar�d profits.tess oosts and e�ans- _ ._� _
<br /> , .• ,`,�.„ es of operaUon and ceitec�fon induding attome�s fees,to a►ry indebtedness secur+ed hereby.a11 in sus;h order as Lender may deter
<br /> mine..Zhe enLedng upon and taldng possession ot the Prope►ty.the coUecdon of such rents.issuas and praflls.and the appticat�un r.y �'F��-
<br /> ' fi�e�of as aforeseid sha11 not cure or waive any defautt or noflca of inefautt here�mder or invaUdate any ad done in response to sud► .� -°-�•
<br /> � d�t3 or pursuant to such natice of default and,nottvlths�nding the contlnuance in possessbn of the property or the tollection, _
<br /> reaeipt and applipUpn of rents,issues or proftts.Trustee and Lender shall be entitled to exerclse every rigiit pmvided for tn any of the ' ___
<br /> the ower of sats. �_
<br /> ��� '1�..:.'�..,�'•; Loan fnstrumer�ts or by taw upon ocrirrrence of any Event oi Oafautt,induding w(thcut Iimitatlon the dgM to exa[c�se P
<br /> � • Further.Lenders rights and r�medies under this pa�agrapA shaD be cumutat�aa wit�,and in no way a 13m�tatTon on.Lender's rights and _.� ._
<br /> _;�.,,� � �_�` :,�i}�`+ reme�ies unQer any assignment of Ieases and�enis reconled against the P�qperty.Lender,Trustee and the receiver sfrail be tiabte tm .:o--
<br /> ; . , a�wM oniy for those rents acwally received. �� ` -��
<br /> , . ��,Eve�s ot Qefautt,The�!towing shatl constltute an Event af Default un der t h i s Dee d o f Tru s� - �?-_�
<br /> •'�:�r�,. (a)�aiture to pay any ir,=�iUnsnt of pdncipal or interest or arry other sum secuned herebY when due: .';�n:;.•..•.��:��
<br /> ' ��' � _ (b)A breach uf or detauit under any pravlsion contelned in tfie NotB.thts Oeed af Trusk any of the Loart tns�unents,or asry _
<br /> � � otherlienoreneumbranceup�nfh�Pcoperty: " • --
<br /> �� • •� �'. (c)A writ of exeadion or attachment or any similar process shail be eMered against Trustor which shatl become a lien ora �,+°� r _-. _
<br /> ' ' , the Proaerty or arry poNon thereof or inteiest therein: . '��"``:
<br /> • {�There shatl be fited by or against TrusWr ar Bortawer an adlon under any present or future federal.state or other stabite. ;�'�� �
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<br /> ' � � law or regutatlon reiatfng to 6aniauptcy,insfllvency or other reltef tor debtors:or there shall be appointed eny tru53a,receiver or � r=�_
<br /> � � � � liqutdator c�Trustor or Bortawer or oi ail or any part ot the Property,or the rents,issues or profits thereot ar Tn�or or Borrower ___
<br /> - � shall make any general assignment tor the benefit of crediEors: '
<br /> � � (e)The sate,'Lransfer,Isase,'assig�sment,wnveyanco or further encumbrance o!a l l or ari}r�a rt of ar an y tnterest in the -
<br /> � � � properly,etther votuntarity or imotun�rily,uv(thout the express written ccnsent of Lender.provided that Trus�tor shall be pettnit _ - -
<br /> '�;'� ted to execute a tease ot the Properry that does no!contatn an ap8on to purchase and the term oi which daes not eucesd one r ;
<br /> •1 '
<br /> x c1%''•� � . year, � -
<br /> ' (�AbanQonment of the Property.or .�
<br /> ' ' (g)Ii Tnistor Is not an individuat,the issuance,sate,transfer,assignment conveyanca or encumbrance oi mare than('�f a _ ,.._.,,..
<br /> � • , corporaUon)a Wta1 at peroent of i�s issued and outstanding stock,or(if a partnership)a tofal ot per- �-;: •_
<br /> cent oi par�ership interests.or(it a Gmited liabtlity camparry)a total ot peroem oi tt�e limited Gabi�ty oompa- :. �E-��-��. - •
<br /> � � ny fnterests or voUng dghts dudng the peda�this De�u f Trus t rema ins a l i e n on t h e p ro p e r l y. � -
<br />~ ' ' • . . � 12 Remedies;AcceteraUon Upon Oetauft In the event o1 any Event of Qefauit Lender may,without notice except as required -
<br /> , 4'�;�;;�, by taw.deGare sll indebte0ness secured hereby tu be due and payabte u.0 fhe same shaq thereapon become due and payabte with- .
<br /> i-.i�:f� out eny preserdment,demand protest or noUce of any kind.Thereafter Le,�sr may.
<br /> � � � � (a)DemanA that TrusteA exercise the POINER O�SALE granted herein,and Trustee sha:i H�reaf{er puse Tn�stor's iMer- ._
<br /> � � ' est`b)Exetc�any�nd all�dghts p o ideddt r�in am►oi he Loannlnstruments o�by eaw upon accurrenTce o e�dEvent ot - ,- -----
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<br /> Oefau�G and � '
<br /> ��� (c)Ca�nmence an acUon t�foreclose this Deed of Trust as a mor�qage.appoint a receiver,cr spacifica�Iy enforce any of the •• .
<br /> `' covenar,�hereot
<br /> � � `7�*� No remedy here:n conferred upon or reserved to Trustee or Lender is ir,�:ed to be exclusive oi any other remedy heteln,in the Loan .
<br /> Instruments or by Iaw provided or permitted,hut each shail be wmutativa,shall be in aadittan to every other remedy given hereunder, . .
<br /> • � in the Loan InsWments or now or hereaftet exisUng et taw or ln equity or by sta�fs.and may be exercised concurt�.Cy,independenUy , :
<br /> . or succeslvety. 1nt a suF � � �
<br /> � � 13.Trustee.The Trustee may resign at eny dme without cause,2nd Lender may at any Ume and Without cause appo . „� .t:
<br /> � cessor or substiwte Trustee.Trustee shaU not he Oabte to any party,U:�ing without timitatlon lender,Borrower,Ttustor or arry pnr- .
<br /> � • chaser otthe Properry,for any loss or damage untess due to recktess or vr.ilful misconduct and shall not be required to take arry acUon .
<br /> � � � in connectlon with the entorcement oi this Oeed of T�ust unless indemn�ed.in writing,for atf casts,compensaUon or eupenses whicit
<br /> � � � � may be assaGated therewiU�. in addiUon.Trustee may becomo a purchaser a!any sate oi ihe Property Qudi�tal or under the power of • �
<br /> � � . sa!e granted herein);postpone the sale ot all or any pordon oi the Property.as provided by taw;or seil the Property as a whote,ar tn . ,..
<br /> _ . � separate parcels or loffi at Trustee's discreUon.
<br /> 14.�ees and Eupansas.In the event Trustee seits ffie Property by execclse oi power oi sala.Trustee shall be en6Ued to appty�
<br /> � � any sate proceeds ftrst to payment oi all casts and expenses of exercising power o1 sate,inG.uding atl Tr�stee's feas,and Lertders and ; .
<br /> � • Trusfee's attnmey's fees, actualty incurred to extent permitted by appiicabte law.In the event Borrower ot Tnistor exercises ar�y dgM
<br /> � � , provided by taw to cure an Event of Default,Londer shai!be entitted to recover from Trustor all co�ts and exprenses actual(y incurted as ,
<br /> • a result o1 Tn�stors default,including without limitatlon all Trustee's and attomey's tees,to the extent pertrtitted by applicable law. ,
<br /> � � � 15.Future Advances.Upon request ot 8orrower,Lender may,at its opUon,make addi�onal and future advanoes and read- .
<br /> � � � ... vanoes to Bortower.Such advances and readvances,vrith interest thereon,sha0 Ee secured by this Deed ot Trust At no time shall the
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