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<br /> . , , �.-':u!��:�'.��.� °� 7. perfoumanae by Lender. In the event of Borrower's ^. _- -•� ��'���
<br /> � � __ Pailure to perform any of the �covenants herein or make any =�
<br /> ��:--. .�;;�,,,`.,.=;;
<br /> ,.� � � f payments required hereby, or if ar.y act is taken or legal � 4li.,---•-�-•-ti-
<br /> :,.:,_,:_._. ----
<br /> �":'� :�•��.� ' proceeding commenaed which materially affects Lender s interest ,;,.;.�,���,,�,�,���_
<br /> " � �° , � �� in the Property, Lender may in its own disaretion, but wi�hout ' ° .�"'���'
<br /> •�.:ti;.. ..
<br /> ._, , � obligation to do so, and without notice to or demand upcn . .
<br /> Borrower, and without re�easing Borrower from any obl igation, do . •.....�,_����1,.-�; :
<br /> ar�y act which th� Horrawer has agreed but fails to do and also �� ��:
<br /> �,_-.;..: ::".. •.• , . . «
<br /> do any other act it deems necessary to protect the security � ,
<br /> hereaf, Barrower shall, immsdiat�ly upon demand therefore by �
<br /> Lendea�� pay to Lender all costs and expenses incurred and sums
<br /> '' e�epeme��ed by I,ender in connection with the exercise by I�ender of �.-.�.- < ,--
<br /> '�j-���. F�.
<br /> the fa�cegoin�g rights, together with interest thereon at the . • ,..�;
<br /> . .) default rate ►arovided in the Note, which shall be added to tf�e . "t,�..4�. `:; --
<br /> inde�*teda�ess secured !n�reby. Lender shall not incur �e�y ~
<br /> � liabu�ity be�Awse off. anythinq it may a�o or omit to dl�m ��reunder. ;,. �..j,
<br /> . ��'
<br />• 8. Hazardous Material. Borrower shall keep the Proper�y in C __
<br /> ; � ' .. compA.iance with any and all federal, state and local laws, • �
<br /> ' � � ordi�nances and regulations relating �.� industrial hygiene d� to � ` �,.-
<br /> " envisonmental conditions on, under es� about the Property, , � ���r
<br /> '� including, but not limited to, soil and groundwater conditioe�s. � , ::".,;;i;t�
<br /> - �:,,,. . , ...,
<br /> ' '''t1`� �- Truster shall not use, generate, manufacture, store or dispose of _;' � '�'`�
<br /> '''��+�;;,�''�� on, under or about the Pro ert or trans ort to or frota the t ,S; � c;'. ,; --.--
<br /> L� Y P � ,�...�� -., ►�'�':.
<br /> Property any flammable explosives, radioactive materiAls, ,., Y .• ..
<br /> ;�,..
<br /> hazardous wastes, to�zic substanaes or related materxals, t _; �,t4j.?.,�;.;
<br /> � irecluding, without limitation, any substanaes dc�iir�a� as ar , ,..+�,;�,::
<br /> ia�acluded in the definition of "hazardous substances", �'hazardous ; • .� �.f�;�`�;
<br /> wastes", "hazardous materials° or "toxic substancea" under a�y , . : ;��;,� .:��'+�;;
<br /> • ' a�pl�cable laws, ordinances or regulatian� (collectively refe�r�ed ,�� •::��.
<br /> � to h�seinafter as "Hazardous Material s") .Borrower hereby warrants � :•'�;.';�. '� : :�t;'}�.
<br /> � � . and represents to Lender that there ar� no Hazardous Materials on ,. l'::�: , '
<br /> � � • or undQr the Property. Borrower hereb�+ agrees to indemnify and �
<br /> hold harmless Lender, its directors, officers, employees and
<br /> agents, and any successors to Lender's inte�r�st, from and against ?
<br /> �., any and all clams, damages and liabilities arising ir, connection , � ;r .
<br /> :�� with the presence, use, storage, disposal or transp��t of any , ti".
<br /> � '� Hazardous Materials on, under, from or about the Property, . ,
<br /> � including, without limitation, ,
<br /> � " (a) all damages direGtly or indirectTy arising out of the use,
<br /> generation, storage or disposal of tlazardous Materials by
<br /> Borrower or any prior owner or operator of the Property , and (b)
<br /> all costs of any required or necessary rep�nr, cleanup or >>•� . �
<br /> detoxification and the preparation of any clo�ure or other i r';� ,�
<br /> required plans, whether such action is required or necessary � ' � � �
<br /> " �� � prior to or following transfer of title to the Pr.operty, to the � .
<br /> � full extent that such action is attributable, directly or � ,. . , ,;�;;��
<br /> ,���,����. indirec�ly, to the presence or use, generation, storage, release, .��� , : �
<br /> _ �'�,,, .' � threatened release or disposal of Hazardous Material by any �
<br /> � , ', ,. • person on the Property prior to transfer of title thereto by
<br /> ' � ' ' b.enc�er. The foregoing warranties and representations, and
<br /> S���'�,' �. , ,,,•�!,:� '� Bor�ower's obligations pursuant to the foregoing indemnity, shall �
<br /> _ � ' ' .;.'', ` survive repayment of the Note and reconveyance of this Deed of '"' �
<br /> .,
<br /> _ �`��s:� ' Trust. � .
<br /> � �
<br /> � . • .
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<br /> ��''�� 9. Assignment of Rents; Management of Propert�p. As
<br /> . . , additional security hereunder, Borrower hereby assiti�ns to Lender
<br /> ' ��� the rents, issues and �rof its of the Pro�erty, prov.acied that
<br /> � borrower shall, prior to acceleration under paragraph 11 Ixe�eof
<br /> . . . � �_.,_ ��... ' ►.� �...^. ^.�l lnr* ARl�
<br /> OL' dbaflGlOflIDeilL oI LRe r[vYC�i.y � uavc �.uo a:iy....
<br /> � retain such rents, issues and profits as they become due and
<br /> ' payable. Upon acceleration or abandonment of the Property,
<br /> Lender may, either in person or by agent, with or without
<br /> � bringinq any action or proceedinq, or by a receiver appointed by
<br /> � • a court and without reqard to the adequacy of its security, enter
<br /> � upon and take possession of the Property, or any part thereof, in
<br /> its own name or in the name of the Trustee, and do any acts which
<br /> � it deems necessary or desirablQ to prese rve the v�I��,
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