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<br /> , � . � . � 9p-- 102378 _ .
<br /> fh�prop�rry is so hkfn or datn�g�0.i.�nd�t sfla11 havp ths optfan.in it�aoie ana absotute discretian,W�gp{y all such Proce�ds.
<br /> ° , aMrd�ducttn�thuefram att costs and sxptnses incur�ed by it bn conrrectIon with sucN Praceeds.�on any indabtedness s�cured .� ' .
<br /> �her+Dy artd in sucA_ardar as Lsnder msy determine,or t�appty all auch Proceeds,after e�icfl deductlons,Lo the reatura�ion of ths '
<br /> P[opeiiy upws such con�lidart�as Lender may determin�Any appticaUon of P�oceeststo indebtednesa shetl not e�tend a poatpras:e � `
<br /> _ fhs du�daN at any paymants under the Note.or cure any detault thereunde�or hereunder.Any unapplted tunds sha11 bb�;t��
<br /> -- •FtWfor . _ < :�_- _ - ,. ,
<br /> �� 8 ��M�c��1M�dA.Upon the occurrance at an fvent of qefa:,`-�i�reund��,i��t�?,R�'�iti�ke�e or te;��� � •,,
<br /> � ,� ' c4mm�ncedwhtGh�Bikeb�nder'sintereatiefthePropaRyr.tarL�ir�,.ag:irrpsa�ic:��.�:.i�lwithautcbf`��II�c� , " .«;;:';.,�>`:'..
<br /> so.end wlthout r�tics-l1�;c�ri3emsnd upcn T�Or and wlthout reieas3ng�!�i�,iram a��.aL�zga�oa;�any act which Truat�c�s:• : •� . °�,. ,= �:
<br /> �-.�.<f a�n�d but hils b do�"t�►Xd�o do any other aCt it deeKn�.nw.a�ry.t�:.��i�t(�e_�ecurity hereot Truator shail.tmmadite� ..� °;. . � .�
<br /> ::``;="�: , upp�d�mandtteKelorbyl.end�r.paY.toLenderallcostsandeu�renses[ncursedanQaumseupanQsdbyLenderinconesctionwHh . . .
<br /> ' _ tt�s�xsrciae by Lsnder otthe tors�oin�riQhts,tc�ether wiM interest theteon at the defauR refe provided in the htots,which shafl ba
<br /> i ' �id�d to t�indetitedness srcurad hsseby. L.Mder shatt not incur any qaDiiity becauae o!eaythinp it may do ar omit ta do
<br /> �'� F h�reund�r. .
<br /> 9. Hasardaus MaMMds.T`rustor ahatl keep ihe Pro�eity in compiiance with ell appiicabte 18ws,ordinances and reguiatlons -_.
<br /> ' ' retstinp to industrlal hygiene ot environmental protectian(cottectivety retarred to herein as"Envi�onmentst l.aws"�.Truator sMli �
<br /> � = k�lp ths Propury(res hom a41 wbstances deemad to be ha=ardous ortoxic urtdar arry Environmentsi laws(cafleCtivNy raterred to
<br /> t�rain as"Haurdous MaterEate").Trustar hereby warrents and represents to Lender that there ars rto HazarQous Materials on or
<br /> . � undK the Praperty.Tnistor hersby apreasto kndemmfy and hotd harmtess Lender,itadirectors,ofticero.emplayees and agents,and
<br /> �� : any aucces�ors to Lende►'s intereat,ham and aflainst any ana all ctalms,damages.losses and liab3lities arlsing ln conneatian with
<br /> •. th�p�a�sr�a.us�,af��a! or transport ot nny Marardo�ea Matar�ats on,uader,irom or about tt+e Property_THE FOREQ�1NCi _�
<br /> ' I WAiiRANT1ES AND REPRF.SENTAt(ONS.ANQ TAUSTOR'S OBUQATIONS PUliSUANT TO TH�FOFiEGO{N(3 INOEMNITV.SHALL '
<br /> , SURNNE fiECONVEYANCE OF THIS OEED OF TRUST. -
<br /> " 10. Af�n�Mt o1 R�nN.Trustor hersby asstQ�s to LenQer tite rents,issues artd profits of Me Ptaperty;provtded t�at Trustor
<br /> r shail,unGl the accurrence ot an Event ot Detault hereundet.have the�ight to c�ltect and retain sucb rents,issues end profits aa they
<br /> _ � become due and payabte.Upan the occurrence af an Event ot Defautt.lender may,either in person or by agen�with or without
<br /> • brin�ing 8ny action or proceedirtg,or by�receiver appointed by e court and withaut regard to Ihe adequacy of its securiry.entet
<br /> ! 4pon and take possession of the PropeRy,or any part thereof,in its awn name or in the name of the frustee,and do any acta whicb it ,
<br /> } de9ms necessary or deairabte to preserva the value,marketabiGty or rerttability o1Ghe Property,or any paR thereot or interest therein,
<br /> .� increase the Income theretrom o�protect the secu►iry hereof and,w�th or withnut takinfl possession af the Property,sue tor or •
<br />' otherwise colleCt the rents.issues en0 profits thereot,inctudireg those p�st due a�d unpaid,an0 apply the same,les�costs artd
<br /> ' expsnses at operation�rsd colfection inctuding attorney8'(ees,upon any�ndebt8dness secured hereby,al!in such order as Lerd�c
<br /> � may determine.The ent�:ng upan and taking possession ol the PropeRy,the coltectian o1 auch rents,issues and profits anc5�`,e'
<br /> ` appllcation thereof as a':�;resaid,sha11 not Cure or waive any detault or notice ef detauft hereunder or invali0ate any act dane::�
<br /> . . i respanse to auch defautt ar pursuant to auch Ratice of detauitand,notwithsta�►ding the continuanca in possession pi the Property¢r �
<br /> t the Collect[on,�eceipt a�d appiication of rents,issues or prol�ts,and Trusi�artd Lertder shall be entitfed to exercise every r��::t
<br /> � provided for fn any of the Loan Instruments or by law upon occurrence ot a!r;Event of Oeiaait,inctuding without limitatton tt�e r:�t
<br /> , to exerCise the power of eate.FuRhe�,Lender's rights and remeciiea unQer ihis paragraph shail be cumulative with,and in no wey a
<br /> _— timiiatiort oT1,Lemcfer"s Ttgnfs artd remedies uncim arry asaignmecci cn i�tr3 t�nei ret�►ia rcc:vrefeni syaii r5i iiw e�ru�rn"ry �.rndvr.riusie� __
<br /> ' and the reCeiver shail be liable to account only for those rents actualiy received. ; "°
<br /> � 11. Ev�nb ol MUuH.The foilowing shatl constitute an Event ot Oef�utt under mis Oeed of Trust �
<br /> ' (a) Faiture t�.�say any installment of principat ar interest af any u-��r sum secured hereby wh�n due;
<br /> � (b� A breacn CG�cr delau�*under any provisian conteined in the c���:�:.4ttia Oeed of Trust,any ot the�.oan matrume�ta,a*a��� ..,
<br /> olher lien or encc.�;�►ance upa�ths Property; �
<br /> (c) A writ ot exeec.ion or�:��hment or any similar process sha�ce entered a;,.�lnst Trustor wh�ch shatt become a��en a�s
<br /> "�"�' ' ' the Propetty o�any�art�oa tf:EBOt oe interest merein; � f-
<br /> j (d} There sh3:G i�e lited hy or against Trrrstor or 8orrower an a���n under eny present ar tuture federal,state or:,',r:�� �
<br /> ; etatute,taw or regulation retating to bankr��+xy,inso4v�ncy or other-`;;ef tar debtars;or thera ahatl tse app0inted Any tr�5t�e,
<br /> rece:.�er ar liquiaator of T�ustor or Borrower 3r of all or any part of the Property,or the rents,issues or profits thereot.or Truator
<br /> or Ba!�!�Wer shall make any Senaral assi�nment for the benebt ot credito�s;
<br /> ; rFk the sat@,tran�te�,leaae,essignment,conveyance or lurthe�oncumbranca ot ell or any par!at or any��r.,ere�!irl the .
<br /> Property,either volunterlly or invotuntarily, without the express wr.!ten consent of Lender: provtded that Trusior sT-au.be
<br /> ' permiKed to execute a lease otthe P�operty that does rtot contain an c�tian to pu►cnase and the term ot whiCh does nat ex,�0
<br /> , one year. �
<br /> � {n Abandanment ot the Property:or � ..�
<br /> (p) If Trustor 1s not an lndiv�daal.the issuance,sale,lransfer,ass����Tern,convdyance or encumbrance of more than a".Gfal � _
<br /> ! �:
<br /> � of percen!of(it a corporaUon)its�ssued and outstandmg s�c��k or(�f a partne�ship)a tutal ot ..,�.perce�i o1 '
<br /> � paAnership interests during the period this tlQed ot T�ust remains e E:�n on Ihe Property.
<br /> 12. RMn�dbs;A�cNaaMon Upon ONauN.ln tne event olany Evont a"t3efault Londe�may,w�thout notico nxcept as requ,:ea by
<br /> � lew,dectate all indebtedness secureA hereby to be dua and payobte and the same shall thereupon become Cue and payabte • �
<br /> ; wifhaut eny preaentment,demand,p►otest or noticQ of any kmp.Thereafter Lende�may.
<br /> � (A) Demend thbt Trustee exercise the POWEii OF SALE grnntod horoin,and lrustee shall thereaftor cause Trustor'e
<br /> � Interes/in the Property to bo sold and tho pracoQds to be d�stributQCl,atl�n 1hd mannor provided in tho Nab��sMe Trust Oetd�
<br /> • Act;
<br /> f (b) Exercle9 eny 8nd&11 rights p�ovidod tar in any ot the Loan Inst►uments ar by Iaw up8n accurrpnco ot t�ny Event o1
<br /> � � Oeleutt;end
<br /> (c) Commence en�tcfion to toreslose th�s Oaad o!Tiust as a rr�ortgage,ap�a�nt a r�ce��er,or specdicalty entarcQ any ot the
<br /> covenant�hereot.
<br /> NO IOnfEdy hE�Ein COnfetrEd upOn Or reSC►KEd tQ Tru9tee or lender is intende9 to b9 exClu9►v�ot any other t9medy harg�n,in the
<br /> loan InaUumenis or by law prov�ded or perm�tted,but vactl shall ba cumulnt�ve,shali Ca m a8d�t�on to ovo►y other romedy given
<br /> . hereundar,in the loan In9trumonts o��nw or horoaftor ox�stmg r�t iaw a�n aqu�ty or by statutv.and rnay b��x�rc�sed concurrontly,
<br /> i�depe:�dsMly or succeys►vety.
<br /> � 13. '�isNIM. Thg Tiu9t�e may resign at ony Um�withauE causv,nn�Londe► m�y at FJny brnE7 Ant1 wlthout Gs.:s�apooint a %'-°--_ -
<br /> ; suCCCSSOr Or&ubstiWt9 Tru9toe.T�u9tee ahall not bo liable td Ar.y party.�r.clud�nr�w�th0ut limitt►t►on Lendor,Borrpwe� Tr,,�`ar cr any '
<br /> - purCha�er ot tAn Pra��ty,lor any los9 or damage untoss duat�-eckt�ss c��r�cttui m�scQnduct,ana shali not be r��;•eC to tsik��-•t ,
<br /> � aCtion in COnnBCfiG�°with the enforcemant ol thts Q�eO G!?�ust 4^�es3 °����n,l�ea. m wnting, `.�►pl!cost�. ��^"�er.sa'iC- �r � ,
<br /> ___.... _ @p.Q°..EIS°:!L�1ht�h�1L4�bS!49^!'!�_�Lh9F�1Ni�}t.�[f BL�i�np_Tr:St�i�zy�r_.r!m�g n�rr1�:�ent{►t 8Py!k'►IP A!tftA G't=�.Et!�tj.:C.�.:.•3e _ - . - - j
<br /> � under t�e power ot sAte flre�nted he�e�n}:poatpono the sala ot nll or any po►tion ot t^�.d Propvrry. as prov�deC c�� 'aN.or se.•��t�
<br /> propetry as e wholv.�r in s��3r�te par�ets or tr�ts nt trustoa'9 diSCrbt�dt�.
<br /> ' k 14. FN�aad Exp�nlN.tn tho evnnt Trustao solts tAO Proparry by azorc�so ot power a!salp,Trustae shSU b9 enUtleB to apply
<br /> any taAte praceeds ti�9t to p8ym�nt ot al4 Cdst9 ttnd E►xpE}nses ot dxorCi9�ng ppwor oi at�fs.�r.�lud�ng ell Trustao's teos,and Lendar's
<br /> � n
<br /> �nd trustee's AttOrney'e t08s.aCtually inCU�rad to uxtont porm�ttod by r�ppf�Cabta law In th0 avar�t Bor�Ower or TruStot px0rcispg E1ny
<br /> , right p►n'vided�y 18w to Cura an�vonf ot dpt�u�t,LElndUr 8hat1 bU�nh{�Ud fo«COvbr tr�rn 7ru9tur�ii CustS ond eMpen5es aCfutllly R
<br /> inCUned t��A re5ull ot TrustD►'n COlaulf. �nCludmt�withaut timii�tion oll Twstao's �nd attorney's lees.to thv e�tant putrn�tt�td by
<br /> gp�tliCebf�I�w.
<br /> .. _.. l�S: i{�tYfi Ad�illCii,f�pd�e ►CQuO�E Ut FJ91rov1tE;t.CS�der mny.At.+tS�i�-`-!�n. �'�aku�dd!!!111�!!t3lFd}11UtC�tl�YeftiGE*3 Elt1f! �C�. •
<br /> adv3nces fts Qar�owor 5uch ad'vanca6 ancf reaulvanc�ts.wdh�nit�►esf thvrt=an.�ti5ti t�c�seic uttcl G�t►�r�bec?U 6f'tcust A4 ric•t<<rii9 ShBtt iy �`
<br /> , tiro�r+r�C+�af amerunt a}tna mcfub2Ud►ti0S9 SUvurad ay m�s daad�+t►us���ut+►,csu�i��g su�r•s�stSvant;�d to��UtvC!fhE=5et�e►:►y�t Ih�y
<br /> ` Clobd dt Y�ust,dxGCCtl t1t0 pts��ntli p►�nC����tlmcsunt 5tutE!t1 I�tnE���r,[sr S .„vh�cherc�r i5 g�Q��iEr '
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