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201803650
<br />encumbrances, and charges levied, imposed, or assessed against the described real estate or any
<br />part thereof.
<br />6. Guarantors shall keep the Property in compliance with all applicable laws,
<br />ordinances, and regulations relating to industrial hygiene or environmental protection
<br />(collectively referred to herein as "Environmental Laws "). Guarantors shall keep the Property
<br />free from all substances deemed to be hazardous or toxic under any Environmental Laws
<br />(collectively referred to herein as "Hazardous Materials "). Guarantors hereby warrant and
<br />represent to Lender that there are no Hazardous Materials on or under the Property. Guarantors
<br />hereby agree to indemnify and hold harmless Lender and its directors, officers, employees, and
<br />agents, and any successors to Lender's interest, from and against any and all claims, damages,
<br />losses, and liabilities arising in connection with the presence, use, disposal, or transport of any
<br />Hazardous Materials on, under, from, or about the Property. THE FOREGOING
<br />WARRANTIES AND REPRESENTATIONS, AND GUARANTORS' OBLIGATIONS
<br />PURSUANT TO THE FOREGOING INDEMNITY, SHALL SURVIVE RECONVEYANCE
<br />OF THIS DEED OF TRUST.
<br />Guarantors shall not sell, transfer, assign, convey, or further encumber all or any part of or any
<br />interest in the Property, either voluntarily or involuntarily, without the express prior written
<br />consent of Landlord, or as otherwise permitted herein; and in the event of any such sale, transfer,
<br />assignment, conveyance, or transfer in violation of this provision, Lender shall have the option to
<br />declare all sums secured hereby immediately due and payable, provided however, in the event
<br />Guarantors desire to sell the Property for the purpose of purchasing a different residence,
<br />Landlord will cooperate in releasing the Property upon receiving a deed of trust upon the new
<br />residence of comparable equity.
<br />7. If Guarantors fail to perform the covenants and agreements contained herein,
<br />Landlord may do and pay for whatever is necessary to protect the value of the Property and
<br />Landlord's rights in the Property, including the paying of any sum secured by a lien that has
<br />priority over this Deed of Trust, appearing in Court, paying reasonable attorney fees, and
<br />entering the Property to make repairs. Any amount disbursed by Landlord under this paragraph
<br />shall become an additional debt of Guarantors secured by this Deed of Trust, to bear interest
<br />from the date of disbursement, and said amount, together with the then - unpaid principal amount,
<br />shall bear interest at the highest lawful rate until refunded by Guarantors.
<br />8. The proceeds of any condemnation award are hereby assigned and shall be paid to
<br />Landlord and shall be applied to the remaining rents and other sums secured by this Deed of
<br />Trust, whether or not then due, with any excess to be paid to Guarantors.
<br />9. Any extensions or modifications by Landlord of the Lease Guaranty to any successor
<br />in interest of Guarantors shall not operate to release the liability of the original Guarantors or
<br />Guarantors' successors in interest. Any forbearance by Landlord in exercising any right or
<br />remedy shall not be a waiver of or preclude the exercise of that or any other right or remedy.
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