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<br /> , "P►acecdo')In conncctton uvfth condomnatlon or othor tnlcinb ot tho P�oporty or puR thoraot,or inr Gonvoyanco In Ilou ot condumnodon. .,r
<br /> • Londor ohall bo entltlad at Ite optlon to commoncA,appoor In und prosocuto In Ita av�n namo ony actlon or proccodinpo,nnd ahotl ntoo
<br /> ba ontiUr.d to mako any compromlao or aatUomont In connuction with auch tnhinp or domogo.in the ovant any poRlon a/the Proporty Ia ���•
<br /> c�a tntcnn or dumagad, londar ohnil hnvo tho optlon In Itn a�lo and ubaaluto d!scrotlon, to nppty a!I ouch procoeda, eftor deductinp •„i..,
<br /> thoratrom ali coata a�id oxponaoa incu�red by It in connactlon��Ith auch Procoada,upon tarry ittdabtodnosa ssecurod heroby ond in auch �,
<br /> ordsr ag Londor may dotormino,or ta oppty c�li ouch Procoode,ctftor oueh doductiono,to Iho rootorotion ot tho Praporty upon ouch con•
<br /> ' ' dltinna ao I.ondor may datormino.Any opplla�Non ot Pracondn to indobtadnon�ohall not oxtend or postpona tho duo deto of any pay :,.'
<br /> monto undot tha Nate,o�curo any dotuult thoroundnr or hereunder.�Any unappliod funda ohnll bo paid ro Trustor. ,N.
<br /> 8.PerPorenartco by L�ndor.Upon tho occurtenco oi an Event of Oolault horounder,or It any act Is takon or tagnl proceedin� 'is��-
<br /> commortced whtch matodnlly affocts LendePs fntorost U the Property,londor moy M itn own discrotlon,but wlthout obligetton to do so. �,_
<br /> and v�lthout notice to or demond uRon Trustor and tvlthuut rolaooing Tru�tor irom any�bllgetlon,do eny act which Truator has agraed
<br /> -'''"'``� but feiled to do and may atso do any dther act it doema n�cessury to protect the eacurity hereoi. Taetor shelt, fmmedletety upon ��°`
<br /> , ,.ssr• —
<br /> demend tharefor by Lender,pay to Londer all costa and exponses tnarred and suma expanded by Lender In connection wlth tho exer- :'�i_
<br /> cise by lendor oi the torepoing dghts,tcgetF�or uvilh intoreat thereon at tho detautt rate provlded m tho Note,which shail ba added to , __
<br /> tha indobtedness socured heroby.Le�dar st�aq not Inaur any Ilabfliry bocausw ot enythinp it may do or amit to do hereunder. �_
<br /> 8.bla�rdoua MaUsriala.T�uator shall keep the PropoAy in aompllunce with eit epplicable laws, ordinences and re�uteNons ,j_ __
<br /> � •� . rolating to Enduatrfal hygleno or environmentei protectlon(coitectfvely reTarred to hereln as"Envlro�mental Lews').Trustor shall kvEp __
<br /> � the Properfy hee trom all substonCes dQOmsd to be hezsrdous or toxlc undor any Envfronmental Lav,rs(collectiveiy�eterted to hereln �_
<br /> �;' ae'Hezardous Materials').Trustor hareby warrants snd ropreseMs to Lendor that thero are�o H�zardous MateAals on or under the �__
<br /> ;� Properly.Trustar hereby egroos to indomniiy and hold hetmtesR Lender,ito directors,oiticera,employees end agonta,and eny eucces- �,.
<br /> ;� sors to Lender�Interost,from and agatnst any and el{claims,damages.losses artd IiablliUes adsing In r.onnection wifh the presance, _ _-
<br /> uso,di�posai ar VanspeA�t any Hazarctous Matedals on,under,nam or ebout the Property.THE FOREt301N(3 WARRANTIES AND
<br /> ° �� RHPREBENTATIONB,ANO TRU370R'S OBUC3AT10NS PUR3UANT TO 7H�F�REQOING iNO�CMNITY, 3HALL SURVlVE �•'.` -
<br /> . � :�i+ RECONVEYANCE Q�7HIS OEED OF TRUST. �`��4
<br /> 1p.Aosignmont of Ronta.Truatcr hereby asaigns to Londer,and grents�onder a securitY �nt�rost irt,ell presont,future and
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<br /> � � �; after arising renb,issues end proflts ot tho Proparty;Rrovided that Trustor ehatt,un411 ths occurarb�e U�on the otxuRence t en EveMeof
<br /> ' have the dght to collect�rtd retain such tents,issues&nd proflts as they become due a�d pay P �:
<br /> � •;;� Qefeult,Len�ar mey,e(ther in pers�r►or by agent,wlth or without bnnging any actimn or proceeding,or by a receiver eppointed by a j>.-`,�;
<br /> E�
<br /> .,,,;. ,.. couR and v�lthout regard to qha adaquacy ot its security,entet upon end teke posaession of the PropeAy,or eny pert thereoi,in its own __
<br /> " '�'r neme or In the name oi the Trustee,and do any ects which It deems necessary ar desirebie to preserve the value,ma�Cetebllity or �.
<br /> ';�;:r�t�:'�. rentabliity ot the Properiy,or any part thereof or Interest 4herein,or to Increese the Income thereirom or protect the security hereat and, _
<br /> '°`!',i�<.' with or wlthout taking possess(on oi the Property,sue fcr or othorwise co0ect tP�e renb,issues end profits thereoi,inciuding those peat [��;�-�
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<br /> • ��'� '� due and unpaid,by noGtying tenants to make paymenta to Lender. lender may apply rents,issuea end proflta,Iess costs and expons- __
<br /> _.��.:7;.��'. es ot aperaUon and coilectlon tncNding attomey's tees,to any tndebtodness eacured hareby,all in such order as Lender may deter- R_
<br /> Eti 'r mine.The entering upon enu tairing Rcasession of ii�ie�r��etiy, .'�:.cf�an Q�su��!►�'•��ues end proflts.and the eAOticatlon _
<br /> �����"� thereof es atoresald sha�l not curo or waive any default or noUce of detauk hereunder or tnvalldate eny act done In response io such __
<br /> default or pu►suant to suah noUco of datault and, notwithstanding the continuence in possesalon ot the property or the coUoction, —
<br /> _ � receipt end sppitcatton of r+ents,isaues or protita,Truatee and Lender ahali be entitl6d to exercise every right provldod tor In any of the �
<br /> ,,, , � � loan Inswments or by taw upoti occunence of any Event ot Ddfault,Including without Iimltation the�ight to exorclse the pcwar of sale.
<br /> � '' � '. �. Further,Lender's dghte and remedtes under this paregreph sheil be cumulative with,and In no v�ay a Ilmttatlon on,Lender's rights and
<br />- remedkes under any as�ignrt�ent of teases and rents recorded agetnst tb�e Property.Lender,Truatee end the recelver shali be ilabte tn
<br /> ° � • • �• • acraunt anly tor those tents ac:ualiy receivad.
<br /> • • � 11.�evants of Qefault The toliotivir�sha�i consUtute an Event of Detauit undar this Deed ot Trust:
<br />--�-�'.:�ry�"'1 � (a)Falluro ta pay any Inetalitrtent of pdncipal or tnterost or any other sum secured heroby when due;
<br />'"`"��"-�' ` ` (b)A breach oi or detault under any provlsion contained N the Noto,thts Deed ot Trust, any oi the Loan�nstruments,or any
<br /> '��'`''�; , ; other I►en ar encumb�ance upon the Property;
<br /> '�'�u'y"`�f'�, A wdt of execudon or attaohment or any aimitar pracesa shall be entered ageinat Trustor vfiich ehati become a Ilen on
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<br /> �:�:�-;�:�-.��-_�° the Property ar any portlon thereot or fnterest therein;
<br /> ��=°�°,�'��_°�' (�Thsre shall ba tiled by ar against Trustor or Barrower an acUon under any present or tuture tederal,state or athet statute,
<br /> - .--'��= lew ar regulaUon rele�ng to bankruptay,lnaotvoncy or other reuet fa debtors;or there shall be eppointed any truatee,recelver or
<br />�����`.,•� ltquldator oi Trustar or Borrower or oi att or any paR ot the Properly,ot the rents,issuos or proflts therooi,or TncsWr or 9orrower __
<br />;.,,^��;°;s " shall make any fleneret assignment for d►e beneflt oi creditors;
<br />_ °:��S;i ;� (e)The sale,tranafer,teaso,assignment,conveyance or furt►rer encumbranco ot ell or any part of or anY interest tn the __
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<br /> Property.either voluntedly or Invoiuntadly,without tho express wrltten consent ot Londer,Rrovlded that Tniator sha�l be permit-
<br /> =:,�r�:� . tcd to execute a lease ot the Propeny that daeu not contain en optbn to purchase end the tertn ot which does not exceed one
<br /> Y^' ' " year,
<br /> ;.�� ;� (�Abandonment of thn Pro�se�ty:ur �-
<br /> ,��:���a; (g)If Trustor is not an indlviduei,the issuance,sele,trensfer,assignment,conveyance or ancumbrance of more than{N e
<br /> �f��` ""�' reUon a totat oi perc.�nt ot ita issued�nd ou�andinA stxk,or(K a partnorship)a total of per-
<br /> _~���`gi=�� cen of partnorship�nteres�ts,ar(tt a llmlted Ilabiiity company)a totei ot percent oi the Iimfted Ilabllity compa-
<br /> �...�` �}� • n interests or voting�tghts during the period this Qeed of Trust eemains e Ilen on the properiy. --
<br />� 'l ;tr• ; r y �,
<br /> - - � 12.Ramndtas;Az�aloratlon Upon Dofau:L U the event otany Event ot Oefeuit Lender may,wtthout noUce except ao rsquired �.
<br /> . � � . by law,declaro aIi inda2�todn�ss secure�horoby to be due and payable an�tho stime shati thereupon bc3oome duo and payable wlth- ��.
<br /> . :'�;:.~ •� out any grc:^sontment,demand,prota�at or noUce oi any kirtd.ThareaRer Lender may: g__.
<br /> � _�����;., !j, (a)Demand that Trustee exerctse tho POWER OF 3ALE 9ranted herein,and Truntee shall thereaftor cause Trvator'a tntar- __
<br />- '�° ��(b)ExeProlso eny nnd eiarighta provde�tor tn any ot Ihodl.oan�IneWments ar�by w� upon QoCCUROnce ot otty�vsn of �-
<br /> '� Defeult;end r N
<br /> S., (o)Commonca an ectlon to toreclose thls Deed oi Tnist es a mort9a9o�appoint a receiver,or spoalTically enforce any ot the <'-
<br /> . � covant;nts hereoY. ��-:
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<br /> , No romedy herein conferred upon or uoserved to Ttustoe or Lertcimr�s intendod to bo excluslve of any other remedy heretn.In the Loan
<br /> � �..
<br /> � �.�_ instrumunt�or by taw provided or�sermitted,but eae shali be cum•dl�Uvo,sha0 be tn addlUon toA Arry����^N indeDendentiy �
<br /> =�' - '-� t,�mn t.oan tnstrumon�or now or nerouttor exis6n ei iow w i��ayai�i ac b;:.t�ls:t..,�sr�sneY�" - �
<br /> - " - - ar sucoaslvely. int a suc- F
<br /> ", � 13.Trna4uo.The Trusteo may rostgn ot any Ume with�ut cause,an�Lendor rnay at any Nme and without cause appo �•
<br /> cc+ssor or sub3tltute Truatee.Truat�o ahall not ba ltabte tc eny pady,lndadtn without IlmltaUon Lender.Borro�vcir,Trustor or eny pur- �.:
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<br /> � --���~-- cnasnr af tho Propariy,for unr hYbS OP d01ii�38o a�lass d�,e W reetsle0a Qrwft mi�0ortduet,and ahall�ot be�qutred to tcika any actton � ;
<br /> tn connecUon with the oMorcoment ot this Desd ot Trust�nles3 Indotn��i$d�IA wddn9,for aU costs,compensation or expvnses wnlch �
<br /> mey ba essociated theretvlth.In addlUoA,Trustes may becoma a purchaser et any oata ot U►o Prcporty Uudicial or urtder the power ot
<br />-: sale granted hereSn);postpoae'the satA of att or any po�lon ot the Propedy,es provtdad by�a�r, or sell tl►o RropoAy ea a v�holo,or[n �
<br /> sopareto parcct�s cr lab�at Trustoo's dtscretlon.
<br /> 14.Faoa ertd Expensns.ln the event Trusteo seps lho Properly by exerWs9 ot pawar of saiu,Trustoe shaU bo ontltled to appty �_.,
<br /> " � ctny c�lo proaseds flrst to payrttent o4 eU cosb end expenses of exercistng pov�er oi sate,inctuding eil Truatee's fee3,artd Lendor's artd ..
<br /> Trust�o's ettomey's tees,,actyally fncu�ed to axtent permitted by epplh;abto law.in the ovant Borrower er Tntstar exerci.ses any rtght �
<br /> • •� provtded by taw tn curo an Event of�otautt,Lertder ohalt Be c+ntitlad to►eoovar trom T�u�tor atl oonts arsd expans�ns ac�uatiy irtcurred os
<br /> e�esult oi Trustofo deMuit,lnctudtng w�thout Ilmttntlon utl Trustee's and attomey'o faes.to B�o extent portnittad by opplicable law. :
<br /> 16.Futuro Advancos.Upon roquost af 8orrawer,lundar rtsay,at tts opt{on,mako addittonai snd futuro edvarioQS and rosd- `
<br />- vanoos to Borrawar.Such��v�inces artd rondvnncos,aeith Interesl thereon.ah�N be secured by thla Qeed ot Tnist.At no Umo shali tho [
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