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<br /> � � t. Eminent Domain. Lender is hereby assigned all compensation, _ � �°
<br /> �; . _ .y;Y awards, amages ar► other paymen�s or relief (hereinafter "Procesds") in � �
<br /> ,s._—_
<br /> �- ' ��� connection with coademnation or other taking of the Property or part `. �:� .'
<br />-���•' ' ' °y '" thereof, or for conveyance in lieu of condemnation. Lender shall be �=Q, -...�-F�-;e
<br /> . � :.�'-. `
<br /> �r -�� `'� - entitled, at its option, to aozamence, appear in and prosecute in its own
<br /> _ �.� " , ' name any action or proceedings, and shall also be entitled to make any ` ; �
<br /> v"' `� - co m p r o m i se or settlement in connection with such takinq or damaqe. In the �- . .. ..� ,. .� :
<br /> . .4U:r..i.....'"�' .'.
<br />_��Y: �°_ :` ", �� �`�� event any portion of the Property is so taken or damaged, Lender shall ;.� -
<br /> �4t, ,. - : ` � �,�
<br /> _-� have ttie aption, in its sole and absolute discretion, to apply all such , ,
<br /> �`:. - � � Proceeds, after deductinq therefrom all costs and expenses incurred by it `
<br /> '_ ' � =:"<<, in connectivn �ti�hh such Proceeds, upon any indebtedness secured hereby and �, r;,_...�
<br /> _ � � `:. �,:r.
<br />-=�_�.:,��-•��_,'°�,�s�_ in sucla order as Lender may determine, or to a$ply all such Proaeeds, ;::•h4..: ';.:•.,�,
<br /> �� � �.• Any aPPllcation of Preceeds to � i ,=
<br /> ' after such deductions, may determine. a �tg ,�.�� F��
<br /> �,�_- ",'��- • �`�=,' indebtedness shall not extend or postpone the due date of any p ym _ �F� :
<br /> �� �� `. . under the Note, or cure any default thereunder or hereunder. : .•_- .A�,-
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<br /> �i •:`. � . < 7. Performance by Lender. In the event oP Borrower's failwre to ",:�� tl A�.-
<br /> �jt : � . 's:_ ::,:: perfarm any o�� e covenants hereia or make any payments r ed hereby. � ;-
<br /> �� : �. -�:
<br /> or if any act is taken or legal proceeding commenced wh ch u[aterially , �-•�•�-:_�
<br /> �-I � ` , Lender may in its own
<br /> t �� : affects Lender s interest in the Property, .ti`
<br /> �_::...
<br /> � discretion, but without obliqation to do so, and without notice to or `.� sr "`
<br /> �� � �. � � demand upoa Borrowez, and witlaout releasing Borroorer from any obligation, , �.�:��.:R-.;
<br /> �'''�� - do any act which the Borrower has agreed but failed to do and may a�so clo �-?�, -
<br /> v�.,
<br /> .?,. . .
<br />� �,c, . • - any other act it deems necessary to protect the security hereof. Borrower , j��:���;
<br /> '� 4" sha21, fmmediately upas► demand tberefore by Lendex, pay the Lender all , =
<br /> �`�:�=.. • -•
<br /> .�i•;�4., • . V� �
<br /> �,,:,� costs and expenses incurred and sums expended by Lender in cannection with �:,.�
<br /> �.�;:.� ' • � the exercise by Lender of the foregoing rights, together witla irjterest �� ��;%•,t,;,.
<br /> � � tt�ereon at the rate provided in the Note, which shall be added to the �.;�_ , ._;:��..,.•:
<br /> `a;.;����;, � �� ��' indebtedness secured hereby. Lender shall not incur any liability because :..;.,���:;�
<br /> - • � ' '-• of anything it may do or omit to do hereunder. r. � �--.
<br /> ..�?�. . .. '.,,� �;�_
<br /> �•.,_ - _ •s. _
<br /> l , �� Borrower ahall keep the Property in ° f �� Y
<br /> �`�-� � 8. Hazardous Materials. -
<br />-� -�� � compliance w any an a federal, state and local laws, . ordinances and � ���:
<br /> F_._5. . .. .� ':Y 4�v�.
<br /> .. " • . � ' regulations relating to industrial hyqiene or to environYaental conditions , � r. ,
<br /> ' '� � �? on, under or about the Property, includinq, but not limited to, soil and .-
<br /> �' � �� ' � ��� qround water conditions. Borrower ahall not use, generate, manufacture, ; r �� r°.;
<br /> � � ,,.., .- store or dispose of on, under or about the Property or transport to or �•
<br /> '�'= - Yrom the Preperty any flammable sxplosives, raclioactive materials, : .
<br /> �'f���' ' � hazardous wastes toxic substances or related materials, inclu�ing, , ��:r: ���
<br /> n.'�;r . ... •:' I
<br /> '-''� without limitation, any substances dePined as or included in the - ,
<br /> ���"�f"� � " . �' definition of "hazardous �ubstances'�, "hazardous wastes", "hasardous �
<br /> '-"'� r materfals" or "toxic substaaces" under any applicable laws, ordinances or :•
<br /> ��..:: �. • regulations (collectively referred to herein-after as "Hazardous �, .,��
<br /> -�' .�; ' Materials'•). Horrower hereby warrants and represents to Lender that there ,_
<br /> ���+; ' � are no Hazardous Materials on or under the Property. Horrower hereby .
<br /> �::j_, , aqrees to indemniPy and hold harmless Lender, its directors, offfcers, . . �_ :
<br /> ��- °� ' � employees and agents, and any successors to Lender�s interest, from and ,
<br /> ,�,::.:�: .. .
<br /> `;i� • against any and all claims, damages ancl liab�lities arising in connection . : ���
<br /> E� -.. :.. �
<br /> �. ;°. � with the pre�ence, use, starage, disposal or transport of any Hazardous .
<br /> Materials on, under, from or about the Property, including, without
<br /> �,� � ' � limitatcion, (a) all damages directly or indireatly arisinq out of the use,
<br /> �...,��� generation, storage or disposal of Hazardous Materials by Borrower or any
<br /> ''�� ' .. prior owner or operator of the Property, and (b) all costs of any require8 ,
<br /> .� ! or necessary repair, cleanup or detoxification and the pre�aration of any .
<br /> �' ' closure or other required �lans, whether such activn is required or
<br /> �{�.'"� � . � neaessary prior to or following transfer oP title to the Property, to the
<br /> u�� ��'� ' �I full extent that such action fs attributable, direc�ly or indirectly, to . .
<br /> . . � the presence or use, generation, storaqe, release, threatened release or •
<br /> .�'� +��. , � �{ disposal of Hazardous Materials by any person on the Property rior to .
<br /> ..,s,..:
<br /> ;;.�.:.�,•�. . . i transfer of title thereto by Lender. The faregoing warran ies and .
<br /> �:�`�� � � represen�ations, and Borrower's obligations pursuant to th�e foregoing .
<br /> � � � indemnfty, shall survive repayment of the Note and the reconveyance of
<br /> ��''�'�. � i this beed of Trust. � �
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<br /> � -�. PAGE 3 • . .
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