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<br /> Upon sale of the Property and to the extent not prohibited by law, Trustee shall make and deliver a
<br /> deed to the Property sold which conveys absolute title to the purchaser,and after first paying all fees,
<br /> charges and costs,shall pay to Beneficiary all moneys advanced for repairs,taxes,insurance,liens,
<br /> assessments and prior encumbrances and interest thereon, and the principal and interest on the Secured
<br /> Debt,paying the surplus, if any,to Trustor. Beneficiary may purchase the Property. The recitals in any
<br /> deed of conveyance shall be prima facie evidence of the facts set forth therein.
<br /> All remedies are distinct, cumulative and not exclusive, and the Beneficiary is entitled to all remedies
<br /> provided at law or equity,whether or not expressly set forth. The acceptance by Beneficiary of any
<br /> sum in payment or partial payment on the Secured Debt after the balance is due or is accelerated or
<br /> after foreclosure proceedings are filed shall not constitute a waiver of Beneficiary's right to require
<br /> complete cure of any existing default.By not exercising any remedy on Trustor's default,Beneficiary
<br /> does not waive Beneficiary's right to later consider the event a default if it continues or happens again.
<br /> 16. Expenses; Advances on Covenants; Attorneys' Fees; Collection Costs. Except when
<br /> prohibited by law,Trustor agrees to pay all of Beneficiary's expenses if Trustor breaches any covenant
<br /> in this Security Instrument. Trustor will also pay on demand any amount incurred by Beneficiary
<br /> for insuring,inspecting,preserving or otherwise protecting the Property and Beneficiary's security
<br /> interest.These expenses will bear interest from the date of the payment until paid in full at the highest
<br /> interest rate in effect as provided in the terms of the Secured Debt.Trustor agrees to pay all costs
<br /> and expenses incurred by Beneficiary in collecting,enforcing or protecting Beneficiary's rights and
<br /> remedies under this Security Instrument. This amount may include,but is not limited to, attorneys'
<br /> fees,court costs, and other legal expenses. This Security Instrument shall remain in effect until
<br /> released.Trustor agrees to pay for any recordation costs of such release.
<br /> 17. Environmental Laws and Hazardous Substances. As used in this section, (1)
<br /> "Environmental Law"means, without limitation,the Comprehensive Environmental Response,
<br /> Compensation and Liability Act(CERCLA,42 U.S.C.9601 et seq.),and all other federal,state
<br /> and local laws,regulations,ordinances,court orders,attorney general opinions or interpretive
<br /> letters concerning the public health, safety,welfare, environment or a hazardous substance;and(2)
<br /> "Hazardous Substance"means any toxic,radioactive or hazardous material,waste,pollutant or
<br /> contaminant which has characteristics which render the substance dangerous or potentially dangerous
<br /> to the public health,safety,welfare or environment.The term includes,without limitation, any
<br /> substances defined as "hazardous material," "toxic substances," "hazardous waste" or"hazardous
<br /> substance"under any Environmental Law.
<br /> Trustor represents,warrants and agrees that:
<br /> (A)Except as previously disclosed and acknowledged in writing to Beneficiary,no Hazardous
<br /> Substance is or will be located,stored or released on or in the Property. This restriction does
<br /> not apply to small quantities of Hazardous Substances that are generally recognized to be
<br /> appropriate for the normal use and maintenance of the Property.
<br /> (B)Except as previously disclosed and acknowledged in writing to Beneficiary,Trustor and every
<br /> tenant have been,are,and shall remain in full compliance with any applicable Environmental
<br /> Law.
<br /> (C)Trustor shall immediately notify Beneficiary if a release or threatened release of a Hazardous
<br /> Substance occurs on,under or about the Property or there is a violation of any Environmental
<br /> Law concerning the Property. In such an event,Trustor shall take all necessary remedial action
<br /> in accordance with any Environmental Law.
<br /> (D)Trustor shall immediately notify Beneficiary in writing as soon as Trustor has reason to believe
<br /> there is any pending or threatened investigation,claim,or proceeding relating to the release or
<br /> threatened release of any Hazardous Substance or the violation of any Environmental Law.
<br /> 18. Condemnation. Trustor will give Beneficiary prompt notice of any pending or threatened
<br /> action,by private or public entities to purchase or take any or all of the Property through
<br /> condemnation, eminent domain, or any other means. Trustor authorizes Beneficiary to intervene in
<br /> Trustor's name in any of the above described actions or claims. Trustor assigns to Beneficiary the
<br /> proceeds of any award or claim for damages connected with a condemnation or other taking of all or
<br /> any part of the Property. Such proceeds shall be considered payments and will be applied as provided
<br /> in this Security Instrument.This assignment of proceeds is subject to the terms of any prior mortgage,
<br /> deed of trust, security agreement or other lien document.
<br /> 19. Insurance. Trustor shall keep Property insured against loss by fire,flood,theft and other
<br /> hazards and risks reasonably associated with the Property due to its type and location.This insurance
<br /> shall be maintained in the amounts and for the periods that Beneficiary requires. What Beneficiary
<br /> requires pursuant to the preceding two sentences can change during the term of the Secured Debt. The
<br /> insurance carrier providing the insurance shall be chosen by Trustor subject to Beneficiary's approval,
<br /> which shall not be unreasonably withheld. If Trustor fails to maintain the coverage described above,
<br /> Deed Of Trust Closed End-NE
<br /> Bankers Systems'.WPC, 03/2016
<br /> Wolters Kluwer Financial Services®2014 2016051716.1.0.3454-N20160318N Page 4 of 6
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