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<br /> tha Pronerty i�sa tak�n or damaged,Landsr a�all hava the optlon,In IU sola and ahsniute diacretion,to appty ell auch Proc�ads,
<br /> aftK d�duniinp thsrefram all coats snd expsn�ss Incurred by it in connectlon with auch Proc�aeds,upan any Indebtadness tacurad
<br /> � harcDy end tn euch arder at�endar mey dete:mirte,er ta appiy alt s!ich Proceeda,after auch deducttony,to tha reatoratian af ths
<br /> �� ri V�Jiniy ilNvii oi1C.,i G'vi�vl�i�iia uo Z.oii,ivP ii}uji�arr�Ina.�ny appllc��8ii 8=�TO:.vv��^.ta�nrsaht;��a�a atia�?ii�Li'ii��ta�d ar p�at�i�a
<br /> fl�due d�t�ot�ny Raymenta under the NQte,Qr cure any detauit fhe►EU�der or hereunder.An}•unaRR��ad tunds ahall De paid tQ
<br /> T�usta.
<br /> ; 8, P�fonnanc�by L�nd�r.Upon the occurrence of an Eve�!of Qefault hereunder,o�If any act Is taken or lepal proceedin�
<br /> ; commenaed whlch matArially sflecta Lender'e inte�eat in the Property,Lender may in its own diac�etlon,but without obli�ation to do
<br /> � �o,end without natice to or dem�nd upon Trustor and wlthout releaalnp Tru�tor irom any obli�etlon,do eny act which Truetor hes
<br /> . ayre�d but talis to do and ma�y aiso do any other act it deems necesaary to pratecl the securiry he�eof.Trustor ahall,immsdlately
<br /> upon demand theretor by Lander,pay to Lender all coats and expensea incurred and aums expended by Lender in connectlon with
<br /> _ tNs 4xercise by Lender of the iore�oing riflhts,topether with interest thereon at the default rate provided In the Note,which ehall bP►
<br /> ' �ddsd to the indebtednesa aecured heraby. l.ende� ahall not incur any Iiabiliry because oi anything it may do or omit to do
<br /> � hersunder.
<br /> , 9. Ha:ardous MattNsa.Trustor shall keep the Property in compUance with all applicabla laws,ordinances and reguletions
<br /> � �etatinp to industrlal hypiene or environmenlal protectlon(collectively referred to herein as"Envlronmental Laws").T►uator shall
<br /> kesp the Property iree from all substanGe9 deemed to be hazardous or toxic under any Environmental LaWS(cotlectively referred to
<br /> � herein a�"Hazardoua Materials").Trustor hereby warrants and represents to Lender that there are no Hazardous Materiels on or
<br /> under the P�operry.Tru�tor he�eby aqrees to Indemnify and ho!d harmless Lender,its directora,otficers,employees and aganta,and
<br /> any euccesso�s to Lender's intereat,fsom and ayainst any and all claims,damagea,losses and Uabilittes arlaing in cvnnectlon with
<br /> I the presertce, use,disposal or transport of any Hazsrdous Materlala on, under,irom or ebout the Property.THE FOREQOINti
<br /> • � WARRANTIES AND REPRESENTATIONS,AND TRUST()R'S OBLIt3ATI0NS PURSUANT TO THE FOREGOIN�INDEMNITY,SHALI.
<br /> SURVIVE RFCONVEYANCE OF T�-IIS DEED OF 7RUST.
<br /> --- ��. !�!�!!!l:QRi w�Qy�i��Trigfns ho{g��oa}�e�ro tn 1 anAo�thQ ra�tc iaoU°3 81lL��!OTt29 011t!°QfQ�8l���!!>�je�o�,i tt�af jriafnr
<br /> ahall,untll the occurrence of an Even4 01 Defa��lt hereunder,have the right to coliect and retain such rents,issues and profita as they
<br /> become due and payable.Upqn!he occurrence oi an Event of Detault,Lender may,either in person or by agent,with�r wlthout
<br /> bdnpin�any action or proceeding,o�by a receiver appolnted by a court and without regard to the adequacy of its security,enter
<br /> upon and take possessio�ot the P�operty,or a�y pa►t thereoi,in its own name or in the name o1 the Trustee,and do any acts which it
<br /> ; deema necossary or deairable to preserve the value,marketability or rentabllity ot the Property,or any pan thereol or intere�t therein,
<br /> inCrease the income therefrom or protect the security horeol and, with or withnut taking possession of the Properry,sue for or
<br /> otherwlse ce!tect the rents, issues and profits thereot,inciuc�ing those past due and unFaid,and apply the same,tess costs and
<br /> expenses of operation and collection including attorneys'fees,upon any indebtedness secured hereby,all in such a�der as Lender
<br /> may determine.The entering upon and taking posaession ot the Property,the collection of such rents,issues and profits and the
<br /> Spplicatlo�thereof as atoresaid,shall not cure or waive any delault or r.otice of detault hereunder or invalidate any act done in : '
<br /> i response to such default or pursuant to such notice of detault and,no:withstanding the continuance in possession of the Property or ��
<br /> � the collection,�ecelpt and appUcatlon of rents, issues or profits,and Trustee and Lender shall be entitled to exercise every rig�t �
<br /> provided tor in any of the Loan Instrument9 or bY law upon occurrence of any Event of petault.includinq without limitation the�is�ht � "�
<br /> to ex3rcise the power of sate.Further,Lender's rights and remedles ander this paragraph shall be cumulative with,and In no way a ; � -
<br /> Nmltation on,Lender's rlghts and remedles under any assignment of leases and rents recorded against the Property.Lender,Trustee `---
<br /> and the receiver shall be liable to account onty }or those rents actually received. ,�'�_`�
<br /> 11. Ev�nb of Datault.The tollowing shaL constitute an Event ot Detault under this Deed of Trust '-
<br /> ' (a) Failure to pay any installment of principal or interest of any other sum secured hereby whe�due; •
<br /> (ia) A breach of or detault under any provision contained in the Note,this Deed o1 Trust,any of the Loan Instruments,or any =
<br /> other iien or encumbrance upon the Property;
<br /> (c) A wrlt of execution or attachment or any similar process shall be entered against Trustor which shall become a Uen on
<br /> � the Properry or any aonion thereof or interest therein;
<br /> (d) There shall be filed by or against Trustor or Borrower an action under any present or future�ederal, state or other
<br /> .� statute,law or regulation relating to bankruptcy,insolvency or other reliet tor debtors:or there shall be appointod any trustee,
<br /> �eceiver or liquidator oi Trustor or Borrower or of a�l or any part of the Property,or the rents,issues or profits the�eoi,or Trustor
<br /> � or Borrower shall make any general assignment ior the benefit of cred�tors;
<br /> �� (e) The sale,Vanster,lease,assignment,convcyance or turther encumbrance at all or any part ot or eny interest in the
<br /> Property, vither voluntarily or involuntarily, without the express written consent o} Lender: provided tha! Trustor shall be
<br /> ', permitted to execute a lease oi the Property that does not contain an option to purchase and the term of which does not exceed
<br /> one year.
<br /> (� Abandonment of the Property;or , �
<br /> (g) If Trustor is Rot an individuab the issuance,sale,transter,assignment,conveyance or encumhrance of more than a total =
<br /> ,�—
<br /> ��:
<br /> : �f percent of(iT a corporation)its issusd and outstanding stock or(�1 a partnership)a total oi percent o1
<br /> partrtership interests during the period this Deed o1 Trust remains a lien on the Properry. .
<br /> . 12. R�nwdl�s;AccMMatbn Upoa DNsuIL ln the avent ot any Event of Default Lender cr,ay,without notice except as requirod by
<br /> . taw, declare atl indebtedness secured hereby to 6e due and payable and the same shall thereupon become due and payable
<br /> � without any presentment,demand,protest or notice of any kind.ThereaRer Lender may:
<br /> ' �, (a) Oemand that Trustee exercise the POWER OF SAL� granted harein, and Trustee shatl thereatter cause Trustor'8
<br /> � interest in the Praperty to ba sold and the pracseds ta be distnbutsr3.att m the rr.assnar p:av�dad in the lleDraska T:ust Dseds
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<br /> , � (b) Exerclse any and all rights provided tor in any ot ihe Loan Instruments o�b;�Iaw upon occurrence of any Event of
<br /> • DefaulZ and
<br /> (c) Commence an action to foreclose this Deed ot Trust as a mo�tgage,appoint a receiver,or spec�t�cally enforce any ot the
<br /> � covenants hereof. '
<br /> . No remedy herein conterred upon or reserved to trustee or Lender is intended to be exclusive of any other remedy herein,in the
<br /> l0an Instruments or by law provided or permitted,but each shall be cumulativR,shall be in addition to every other remedy given
<br /> hereunder,in the Loan,lnstruments or now or hereaf4er existiny at law or�n equity or by statute,and may be exerc�sed concurrently,
<br /> independently or succes,ively.
<br /> 13. TrustN. The Trustee may resig�n at any time w�thout cause,and Lpnder may at any hme and wdhout cause appoint a '- ��
<br /> successor or substitute Trustee.Trustee shall not be liable to any parry,mcluding without limitation�ender.Borrower,Yrustor or any �
<br /> purcheser o}the Property,lor any loss or damaga unless due to reckless or w+llful m�sconduct.and shall not be reqwred to take any
<br /> aCtion in connection with the enforcement oi this Deed of Trust unlsss irdemnit�ed. in wnting, !or all costs,compensation or
<br /> expenses which may be associated therew�th In addit�on,Trustee may become a purchaser at any saie ot the Properry�ud�c�al or ,
<br /> under the power of sale granted herein); postpone the sale of atI or any portion of the Prooerty.as provided by �aw, or sell thd
<br /> �roperty as a whol9,or in separata parcels or Iots at Trustee's d�scret�on. �
<br /> L 14. Fees and Expanss�.In the event Trustee sells the Rroperty by exorc�se of power o1 sale.Trustee shall be ent�tled to apply
<br /> any sale proceeds first to payment of all costs and expenses o1 exerc�s�ng power of sale,mclud�ng a�l Trustes's tees,and Lender s �
<br /> and 7rustee's attorney's fees.actually mcurred to extent perm�t;od by appl�cable Iaw.In the event Borrower o�7'�ustor exerc�ses any ��
<br /> right provided by law to curQ an Event of Detault,Lender shall be ent�tled to recover trom'i rustor ali c�rsts and expen;es actually n,
<br /> inCUrred a9 a resuit of Trustor's default, mclud�ng without I�m�tat�on au 7rustee�s and anorney's tees. to the extent perrr��ned by �t1?)
<br /> appllcable law. �
<br /> 15. Future Advances. Upon request of Borrov�e�. Le�der may. at �ts opt�on. make add�LOn��i and future advances and ►e- ^•
<br /> advances to 8orrower Sucn advances and readvances.w�th�nterest thereon snaii be cecu�ed by rn�s Deed of T�ust At na t�rne snau -
<br /> the pnnc�pal amount of the�ndebted�ess secur�d by:��s Deed o�Trust.npt�nciud�ng su���s�dv[inCetl to pro�ect the sec unty of tr•�s
<br /> Deed of 7rust,exceed the ong�nal pnnc�pai amount stated here�n ur S . �vh��r,eve� �s g�e��tt�
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