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<br /> 90-: �00887, .
<br /> the Property is so taken or damaged,Lender shatl have ths aption,in its sole and absalute discretion,to appty ali such Proceeds� � �
<br /> after deducting therehom atl costs�rtd expenses incurrad by it in connection with suah Proceeds,upon any indeb2edness secured '
<br /> hereby and in such order as Lender may detsrrnine,or to appty all such Prnceeds,after such deductIons.to the restoratia�of the
<br /> Froperry upon such conditions as lender may determtne.Any appiicatian of Proceads to indebtedness shail noi Axtend or postpone
<br /> � the due date of any payments under the�tote,ar cure any default thereunder or hereunder.Any unapplied funds shalt tre patd to
<br /> _ Trustoc�
<br /> . 8_ PKtormane�by LNtdK Upon tha occurrence ot an Event of�etautthereunder.or it any act fs taken orlegal proceeding
<br /> commenced which materialty affects Lender's interest in the Properiry,Lender may in its own discretion,hut witfiout obiigatian to do
<br /> so,anci without notfce to or demand upon Trustor and without reteasing Trustor fcom any abtigation,do any act wh:ch Truator has �
<br /> agreed but faiis to do and may atso do any other act it,deems necessary to proteCt the securlry h$reof.Trustor shall,irrtmadiateiy
<br /> � upon demand theretor by Lender.pay to Lendsr al!ccsts and exp�n3es incurred and snsns expended by�ender in connectien with � '
<br /> the exeraise by lender ot the:oregoing rights.tegether with intereat thereon at the defauii rate provtded in the Nofe.whlch sha!!be . �
<br /> added to the indebtedrtess secured hereby.lender shall not incur any liability because ot anything it may do or omit to do
<br /> �..� hereunder_
<br /> ' 9_ Nazardaua Mabriats.Trustor shalt kesp the Praperty in compiiance with aii appliasble laws,ordin�nces and regutations
<br /> ._ relating to 1nd+.�..`ixial hygiene or environmental protecGon(coilectively referred to herein as"Environmental l�ws'�.Trustor sha�l . •
<br /> � keep the Prc���+free from ail substances deemed to be hazardoua or toxic under eny Envirc-:.^:sntal Laws(collectively reterred to
<br /> . b�r�r r::"H;�3aus Materfafs'�.Trustor hereby warrants and represents to Lertder that t�e-?are no Hazardous Materials on or �
<br /> , under tfie 4�ic�r_,ry.Trustor hereby agrees to indemnify anct hotd Rwrrnless Lender,its direr:c??.�;`cers,em�to�ees and agents,and
<br /> �.� any succes:�r�fr3 Lenders interes�f►om and against�f a.r.c#�:i a��ms,damages,toss��r��aabitities arising in connection with
<br /> �� • ' the presenC�tir:� disposal or transport o!any Hazar��u�t.'.�eh�.•s on, under,irocrt a���t the Property.THE FaFiEGO1NG
<br /> WARRAN'I't�S"s�':��REPREG�NTATtONS,AND TRUSTQeT�$06L�.��!`��'lCNS PUE?�41ANT xt3��1E FOREGOING INDEMNITY,SHALL
<br /> � � : SI�flVNE HE+"..�::d?vVEVAhGC�F THIS DEED OF TRUs''T
<br /> � �30.Asfi�f�nt of��,Trustor hereby assigns xr Lender the rents,issa�s and pra,�s of the PrapNrt�r;provided thatTrustor
<br /> �,:,; sfi8ft,until Yi��c:��;trrerce e�an Event of Qefault hereunder,have the rightto collectand re't�:n such rents,i�ues and pra�sts as they ' . , �
<br /> become due:�c�;:ayable.llpon the occurrance af an E�ent of Default,Lender may,eithEr i�.�erson or by agent,w::.+�r�without
<br /> , bringing any w�:�:.or proceeding,or by a receiver appoinied by a court and without reg��.�the adequacy oi its se��:�ity,enter
<br /> _ upon and take���sassion of the Property,or any part thereo4,in its own name or in the name ot the Trustee,and dfl any acts whfch it ' ,
<br /> - deems necessary or des:rabte to preserve the value,marketability or rentabiliry of ftie Property,or any part��reotor interesttherein. �
<br /> increase the incoma�:ereirom or protect the security hereo}and, with or wit��ut taking possession of.he Property,sue tor ar
<br /> otherwise coll�..�'�e rents,issues and proTits thereof,including thase past due and unpaid,and apply the same,less costs and
<br /> ,� expenses ot n���:ion and collection including attorneys'fees,upor.any indebiedness secsar��hereby,aii in such ortYSras Lender
<br /> may cletermine.The entering upon and taking possassion of the��c�2rty,the coliectiort of�sch rents,issues and F�aC�and the
<br /> i application ther$of as atoresaid,shalt not cure or waive any def2Llt or notice a`default hereunder or invalidate any act done in . -
<br /> ' response to such default ar eursuant to such notice oi de`autt and,notwithstandir;�the continuance in possesaion ai the Property or �
<br /> _ � the coNection,receipt and appliCation af rents,issues cr arofits,and Trustee�!�d Lender shali be entitled to exercise every righz "�"^s:;;
<br /> � � provided for in ar:y of the Loan Instruments or by taw upon occurre^ce of any Event of Default,including without limitation the right �,'t f�!
<br /> to exercise th��rs�ser of salo.Further,Lender's rtghts and remedie�under this paragraph shall be cumulative with,and in no way a ' ' .�;
<br /> limitation on,Lc;�ders rights and remedies under any assignment of i�ases and rents recorded againstthe Property.lend�r,Trustee . ;..T��r
<br /> and the receiver shall be liabte to account only tor those rents actually received.
<br /> , 11.Ev�nts of O�fauit.The tollowing shali constitute an Event o}Defauit under this Oaed oi Tru� ''� `
<br /> ; (a) F�.iture to pay any installment of principal or interest o}any other sum secured hereby when due; _
<br /> ; (b) A:tsr�ach of ar delauit under any provision contained in the Note,this Deed of Trust,any of the Loan Instrurnents,or any
<br /> , other lierr a�encumbrance upon tha Rroperty; -.
<br /> (e)A.�er:�of executian or attach�entor.;ny simitar procti�sshall be entered against Trustor which shall becomea ti�n a:� ,
<br /> the Pr��e�;,�Q�any par�4n thereof or interest therein; � -
<br /> � (d� i7�r.-rr:shail�e f�L�d by or against Trustor or Borrower an action u�der any presant or tuture federal,state or other .-
<br /> I statute,I�r.ar regulation reiating to bankruptcy,i;-satvency or other reliet fe-debtors;or;here shatl be appointed any trustee.
<br /> receiver ar i�quidator of Tiustor or Borrower or of all or any paR of the PropeRy,ar the re^�,lssues or pro}its thereaf,or Trustor
<br /> or Borro��•sha�l make any generai assignmeni tor the benefit of creditors;
<br /> - (e)7he sale,transier,tease,assignment,ca-ueyance or further encumbrance ot ail or any part of or 2ny i^tarest in the
<br /> Property, either votuntarily or involuniarity, witr.��t the express written ccnsent ot Lender; provided��at Trustor shall be
<br /> permitted to execute a lease ot the Properry that does not contain an optio�c�purchase and the term of which does not exceed
<br /> � one year,
<br /> (� Aba��dortment oi the Property;or �'�'
<br /> , (g) It't'rustor is nat an individual,the issuance.9afe,tran5f�r,.assignment,conveyance or encumbrance oi morethan a tot�0 �'-
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