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<br /> � � _ , _ - _ . 90-- �a31 _ �
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<br /> . M�Prop�rty is w Wc�n or dams�d.LKdor Nfait�ave the optlan.tn its aote and aDsotute Q�screfior+.tv appty ati wch Pr� � � ,�`"
<br /> ` �A�r d�ductlrw tMnfrom�11 cosb and�xpsnse�incurred bg It In connaction with such Proceeds.upon any indebt�dnKS sacur�d � �
<br /> h�nby snd�ln juch oaf�r a�tandK may determins.or to�pty atl such Rrocee0a,atter such deductfona,to tfie ra�oraBOn of fM
<br /> P�op�tty upon auch coe�di�ons s�LendN rnay deoermins.My appliptlon of Frocaeds tc tadebtadneu�II►�ot�xMnd Or poifppnf .
<br /> � -� � �6us daN o�any paynxnta undar tbs Note,or curs arry d�f�uft th6raundet or hrreuader.My unsppii�d furids Ma(I b�patd b ' "
<br /> � Tn�afpr.
<br /> .. 8.fatlet�ne�b�i L��Upo�e the�occuRanca af an Event of OeMuit4�ereunder.or if�ny act is taken a tspal procNdinp ` �
<br /> , comm�nc�0 wfiiCh maMriaity afNcts Lender's int�rest fn the Prop�trty,Landfr may in ib own discretion.but wifhcut obt'p�tion to do . •
<br /> , . ' to.an0 witliout noUce�o or d�ma�►d upon Tnissor and withaut rNea�ln�T►usto�horte any obti�tlan,da any act wh(ch Trusfpr has . �
<br /> _ ' aprNd dutfUia b do an�euy also do any oth�r act it de�ms nece�ary W protect the s*curiry hsraof.Tiusbr shall.immeqistaly . .
<br /> ,, � upon dMnand tffKNor Dy I.ender.pay to l.enaer afl co�ts and expeRSa incurred and aums exper�ded by Lender in contNCtion with
<br /> th��x�rcik�y L�nd�f oithe tore�ol�rlphb.taQstl�er wttR+ntues!the►son at the detauti nte pro�ided in the Nots.which sh�ll b�s �
<br /> , '�ddsd ta the indebtedness secuted hereby.Lender ahall not incur any IiaGitity because ot aoything it may do or omit to do
<br /> hltsundet. ,
<br /> ` 9.Nu�rdat�MsM�h.Truqto►shatl tceep the Praperty in cosnpliance with ati appiicebte laws,adinances and repulatlons
<br /> � rela6n�ta indu�t►ia1 hypiene or envlronmaMat prctoction(coltectivety�eterred to he�eia as"Environmentaf Eawa"�.Trustor ahsit - - --
<br /> ` _ . ke�p lh�PropeRy tree�irom alt auG:tanc�s deemed to bd hazardaus ar toxic under any Ernironmenta)Laws(coilectively refer�ed b
<br /> • . herNn as°H�rdous lylateriais'Z.Trustar hereby wanants aad represents to tertder Mat there are rto Hsiardous Mayeriats on or
<br /> ' ; undarlhe Pro�e�ly,trtsstor here6y ayrees to indemnityartd ho!d harmtess Lender,its dlrectors,oNicers,emptayees artd egenb,and �
<br /> : any succestors tQ lsnder's interest.iram and a�airtat eny and ali ciaims,da�naQes,tosses and Uabilities ariains in c�nnection with �
<br /> � : ths preranca. use,disposai,or tr�nspoR of any Mazardous Materiats on,under,trom or about the FropeRy.THE FORECa�ti�iti
<br /> YWIRRANTIES AND REPiiESERVTATtOtYS,AhD TRUSTOR'S�BltGATtONS PUF�SUANT TO THE FQAEGflINt3lNDEMNITV<SH/►LL. '
<br /> � ' � �uURVtYE AECANYEYANCE4e TMIS DEEfl OF'fRUST. �
<br /> 10. Asli�nnwnl oi R�.1F'ca�stpr hereby assigns to Lender the rents,issues and profits o1 tho Property;pravided that 7rustor � �
<br /> � shall,urRil Ne occunence o��.^Cvent of Oefautt hereunder,havethe right to collect pnd retairt such rents,issuesand protits as they � _
<br /> � , " �' be�ome dub and payable.Upcin ths nccunence o1�n Event o1 Defa.��;Lender rrray,either in pe�son�or by agent,with ac without
<br /> , : brin�in�any action or proceeding.or by a receive�appointed by a caurt end witho�t regard to the adequacy of its securTjr,enter
<br /> _. upon and taka pussesston of the Properry,o:anp pan thereat,in its own name n•initee n�s o!;hs;r�tas,and da any ecta whtcir ii - - - - -
<br /> deer�3 necessary or deairaDie to preserve thevalue,mark=_�bi�iry or rentabil�ry ot the Properry,or any part thereaf o�interest therein,
<br /> � inc�s�f€3s Me income Meretrom o�protect the seCUr�ry 4«.eat and,with or,�ithout takirlg possession ot the Property,sue for or
<br /> olt��;fB collect the reMs,issves artd protits there+�t.�.^cr:;;;�mg tt�cse past due an�unpaid,and apply the same,18ss c�and
<br /> ; . e�esites otOpe►atlan an0 cottection inclu�i;.�attomeys�e�c;Gc���indebtedness secwect rr.ereby,all In such order�#yender ' �
<br /> may defermtne.The ent�ing upon and tak�r•.�possess�o-*�a.`.•r�e��=p�yr,the caltection ot suc�°renta,issues and proTits a�d tt9e
<br /> a�i:cation thereot as aforesatd,shaU not cure or waive a:� ;afa;,:�;,r �ot�Ce ot Qetautt horeundar ar Inval[date any act done in ' :,
<br /> res�onae to such delaW!or���ss:�antto such notice ot tle:�•r�t and,nQfiv�cAstand�ng th$contittuance in possess:an Of the Prpperlypr � +
<br /> ttte coftectton,reCeipt 8nd a�sp:iCetlan of rents,issue3 or profiis,and Trustee and LenAer sha11 be eMittea to exercise every right
<br /> provldeQ tot fn any of t�e Loan InaNuments or by law upon occurrencemf&ny Event of Dotault,mcluding wdhout limitatior�tn.e aght �
<br /> __ . to sx9rcfse Uta pawar of sate.Furiher.Lender's rights and rerrted�e�E�nr1Ar th+s p?ragraph sha►►be cUm��iativw wrtb,end�n c��•�ay a __.;-�;;;Y,
<br /> IimltsUon on,L�ndere rights 8nd tamedies under any ass�gnment ot leases and rents recorded againsl the PropeRy.l.enQer,;;ustee � 1 -
<br /> and tfie recelver she�l be tiabte to ecCOUnt onty tor those rents actu�lly recesved. -
<br /> 11. ErMN�W ONauM.The foilowirrp shalt constituto an Event otl�efautt under this Oeed of Trust: -
<br /> . (a)Failure to pay aay instaNment ot prinGipat or mterest ot eny piher sum saCurQd hereby when due;
<br /> (b)A breach of ar defau�t under any prov�sion conta�ned�n the Note,this Deed ot Trust.any of th�Loa�Inatrume��:at any -
<br /> othei Ilw�or encumbrance upon the Prpperty; � �
<br /> (e)A writ ot exeCUtipn or attaChment or any srm�far�iocess sha11 ba eMered aga�nst Truytor wn�ch st�all become e lien on
<br /> ths P�OpEKy Or 8ny pprtrpn th@reot G�interest there�n;
<br /> (d)there shall be hfe�by or against Trustor or Borrower an achvn un�er any present or future t�,�Qral,sWte or other —
<br /> statute,Iaw or reputation r�tat�ng to bankruptcy,insotven�y or ather rehet tor de�tors,or there shall be appainted any trustee. ��_
<br /> reCeiver or Hquidator ot i rustor or Borrower or ot aU or any pan ot the Propeny,or thv rents,�ssues o►prohts thereof.or Trustar ' . .
<br /> or 8otrower ahall makf,any general ess�gnmant for the benef�t ol cred�torg;
<br /> • (e)Yhe la�te,trenster,leaae,ass�gRment,cOnvpyance o►fu.rther pncumbrance bt ali or eny part o10�any interp�t in the .
<br /> (�E�perty, eithe►voturttarlfy or invoiuntanfy3 withput tfie o�press w��tten cansent ot Lendar, provided S�+at Tiustor sfiall be
<br /> �armiKed to execute e lease o'the P�aperty that does nat contam Qn option ta pur�hase and the term at�;t�ir_h daes not exceed
<br /> one ye�r, ,
<br />. (�Aban�onment ot the Property:C��
<br /> '=
<br /> ' (g�(1 T�u�tor is not an inCividuai.nhr_�ssuance,yalo.trunster,ass�gnment,convoyanco o�encumbrance ot more tf�an a total ;:__-
<br /> , , �,.
<br /> �3`
<br /> , Of�---- percent oi��:`.�i co►porauGn)�fs�ssueC nnd outstandmg stocM or pt a parmorsh�p)a total of�._.—._,percent of
<br /> �artnaraR(p intereats dur:��,^•the perqd!t��g peep,`r�ust romams a I�en on t^e Property
<br /> ' .a2. R�s:AeesMratlo�upon W�rrrw,in thg�vent ot any Event o10El�ult Lender may.+���.tht,ut not:coexcopt as requ,re4 by �
<br /> . law,deClere ull �c^��dbtedness secuted h�r,��to De due artd payab�o end tha same shai���qeupon bacome due and payabfe •
<br /> without eny prese�ntmen�,demand.protes�.:�-not�CO.of any k�nd_ThQreatter.Lerrder may_ .. . . .... _ ...._.... ................_.. _... .. . . .
<br /> (a) Oemand that Trustee exeicise tne POYYE��F SALE qra�ted hera+n, and Trustee s�an tr.elc�:�cer cause Trusto�'�
<br /> �c�terest in the Proporty sa�e satd and the procee:9 Cs D@ di9tr��u100.�II�n tR�manner pro-rided�n thv rte:bragke T►ust Qeed3
<br /> Act;
<br /> ; . . (b)Exercise any and a:1 r�gnts p°a r+ded tor �n�ny s�t Ihe Luan tnatrurrtc�nts ur by�ar��Con occurrence ot any�veM�f
<br /> , QMauit and
<br /> , ' (C}CarnmertCa en BCt�Cn to toreslose this 0e�d o�7ru5!As��a��rtfl�qfl,c�;��;fr�tlt 0 lQGB�v�r.Or,p�;c�hcalty entorCe any ol the �
<br /> COVMat1tS hKe01. '
<br /> � No�emedy he►ein contened upo��af raserYed to trustee or kend��+'���n2orid�U t�;�u�.�xctus�vo�!any ather rLmedy hereire,in thfr
<br /> Laan InatrumeMS or by I�w provided or perm�tted,6�t cach sha1�1s��:umutatw�,.yhatt be in afltl�t�C1n to ever�othel rAmedy g�ven
<br /> hereunder,in fhti LOan lnStrurq011t9 or now or he�eaTtBr eri9Uny p��;;z,vr�n eqwry ur t�y statuto,artd rnay bo p,cvrc�sad COnCUnenity,
<br /> irtdependenUy or successtvety.
<br /> 13. TrY�IN.The Trustecf may resrgn at any Lme w�thouf cause,o•nd l�ndee may at any Or�tie and w�!h7ut causo oppoint a - -°
<br /> successor orsubstitute Trustee.Trustee shaij not be t�ab�e to any parry.�ryctudmfl withar�l hm�taUOn 4Pnde►.$orrr,wer.7rustnr or any �
<br /> purchaser ot th�Properry,fo►as�y Ipss or damago unfes�Cue to rc�cklESS or w�utu�rn�scnn0uct,ar,d s^a�t^�*CQ repwrQd to t7ke Bny • .
<br /> -- - .- , action in conneettnn witn trui Antnr�pmp�,r��xh��naed�! Trus*_ :.e.�!e�°�^_�.xr�4:�.:n ::rs:�3.'v:�::�;,;s,tcrrs��t�rs:;r,r ' . _ .
<br /> • expAnses which may be c�ssvGated ihorow�th tn a�id�tron.Trustee may OeCOrr►o a purcnese►at���sa�e oS mv F�roperiy Qudsaal or �
<br /> nnQer the power at sale gri�nted hera�n);pestpdng the sate ai nff a►any port�on ot ttio Pra�c�rty,as prav'�d�d by law,or sell tne
<br /> PrOperty as e whote,pr in sop�rAte parcals o�lofo at 7rusiee's d�s�rebon
<br /> � 14. F!N�nQ�tpN�N�,In the ev$rif TruStQQ 5elta the F'raperty by exer�iso o�Ddvva►af sAle,Trt�steo�h�;i ue er1Ut'ed tr appfy
<br /> aqy sdle p►oCe@ds tirst to p�ymeM ot ali Costs ond 4�xpense8 Ot Ox�rCi8�ng auwe�Ot S�I�.�n�Iudmg aU Trustae s tees.and L�nder's
<br /> aHtll�ustee'sattorney'st�9,aetuaf►p�ncur«dtae�tentpQrm:tted�ypDG►�caD�o!aw intn�o„�r,tf3�rroN�ro�T�ustUr'e.r�rc�sesany
<br /> ' right pravid80 by taw ta cure an Event of(�otnu�t,lencior sha«ne ent�tlad to+ecb�er rrom Tr;,,,�r���costs an;i eapenses�ccualiy � ,
<br /> . . fncutre0 as a res�lt o(Trustoi s delault��nclurl�ng wdt�out I!m�tat�a�al� ?rustee';;an�atinaney"S►eeS, fo !ho extan!pCem�Kad by
<br /> _ EipplicAbte.la�r_ - - - .
<br /> t5. Futur�RQv�nCN. f1pOn rErau85t Ot 60rrOwEr. Lart��r m�y, ai�FS Optiorr. rt�ake��:f�tibn�t �nd tu?uta advunees ard rg- f
<br /> a9v6tnsas tnBo►rdwar Such advancvs artd�ea3van�ts.dlitF i.'t(Q/ES:LhBI@U!7.5h$iE�@ SpC�!Q�Cy fhl�a�(f{��T/uS2 �S ROl�R1E�$h��t �' ,�� �
<br /> . thp pnntipal emau�t ot the�n�pi�tetlness socure3 by th�s�ce�of j�us1.►F�t�rG:,�3�n(}S�«'S eJv�in�ett t�•����te�t tttFt�e�ur�fr c�t tn�$ �
<br /> Ctead•flt 7vust,excesd th�a•ig�r.a!principa!am�u��t statod nere�n �r� -- .-. ._ _ . r.^u:hc rer •�yrea�Nr
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