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<br /> t�ken or damaQsd, Lender�hall h�ve the option in its�ole snd�bsolut�di�cretion,to�pply �Il such Procssds,�fter dsductinp therefrom
<br /> •II costs �nd �xpsnss� incurr�d by it in connection with such Proc�eds, upon �ny indebtednN� �ecured hersby and in �uch order ss
<br /> L�nd�r may dst�rmins, ot to apply �II�uch Proossds, att�r woh d�ductions, to th� r�stontion of ths Propsrty upon such conditions a•
<br /> Lsndsr m�y d�termine. My �pplic�tion oi Proossds to indebtednsts �h�ll not �ntend or postpons the due d�t� of �ny psyment�under
<br /> ths Note, or cur��ny def�ult thersund�r or h�rwndsr.Any un�ppli�d fund��F►�II be p�id to Tru�tor. .
<br /> 8. P�riomwno� by L�nd�r. Upon ths occurrencs ot �n Ev�nt of Dsf�uh herwnder, or if �ny •ct.is t�ksn or lepal proessdinp
<br /> commsnc�d which m�t�ri�lly�ifect�Lsndsr'�int�r�st in the Propsrty, Lsndsr m�y in ite own di�cr�tion, but without oblipstion to do so,
<br /> and without notics to or dsm�nd upon Tru�tor�nd without nls��inp Trustor f►om �ny oblip�tion, do any �ct which Ttu�tor has apreed
<br /> but t�ils to do�nd m�y d�o do�ny othsr�ct it d��m�n�o����ry to protsct th���curity h�rsof.Tru�tot�h�ll, imm�diatsly upon demend
<br /> thsrsfor by Lsndsr, p�y to L�nder dl co�t• �nd �xp�n�s� incurnd and �um� �xpendsd by Lsndsr M conn�ction with ths exercise by
<br /> L�ndsr of ths /orspoinp tipht�, topsther with int�r��t th�reon �t th• d�f�ult r�te providsd in th• Note, which thall be �dded to the
<br /> indsbtedness t�cured hsrsby. L�nd�r sh�ll not incur�ny li�bility bsc�use of�nythinp it may do or omit to do hsr�under.
<br /> 8.H�vdou�M�t�►i�l�.Tru�tor sh�ll k�ep ths Propsrty in oompli�ncs with �II�pplio�bl�I�w�, ordin�ncs��nd npulstion� reletinp to
<br /> industri�l hypiens or a�vironm�nt�l prot�ction (coll�ctiv�ly r�f�rr�d to hsrein �s "Environm�nt�l L.�ws"►. Tru�tor sh�ll kssp the Propsrty
<br /> ir�e irom •II �ub�t�no�� ds�msd to b� h�z�rdou• or toxio und�r �ny Environm�nt�l L�w� (ooll�otiv�ly r�fared to herein s• "Hazardous
<br /> M�t�ri�ls"). Trustor h�nby w�rnnt� �nd nprs�ent• to L�ndsr th�t th�re ��� no H�zndou• M�terial on or under the Propsrty. Trustor
<br /> h�r�by �prss� to indsmnify �nd hold h�rml��� L�ndsr, it� dinoton, offio�n, �mploy�s� �nd �p�nt�, �nd �ny �uoo���on to Lsndsr'•
<br /> intsrsst, from �nd �p�in�t �ny �nd all cl�im�, d�m�ps�, lo��s� �nd li�bilitie� �ri�inp in oonneotion with the pn�snoe, u�e, disposal or
<br /> tnn�port of�ny H�z�rdou� M�terials on,undsr,trom or�bout th�Property.THE FOREdOINO WARRANTIES AND REPRESENTATIONS,
<br /> AND TRUSTOR'S OBLIGATIONS PURSUANT TO THE FOREGOIN(3 INDEMNITY, SHALL 8URVIVE RECONVEYANCE OF THIS DEED OF .
<br /> TRUST.
<br /> 10.A��ipnm�nt ot R�nt�.Tru�tor h�r�by���ipn�to L�ndsr th��snt�, issu���nd protits of th�Prop�rty;provid�d th�t Trustor�h�ll,
<br /> until th� oceurr�nce of �n Ev�nt of Def�uh herwnd�r,h�vs th�ripht to oollsot�nd retain�uoh nnt�, is�us��nd profit���th�y bscoms
<br /> dus �nd p�y�bls. Upon ths occurnncs of �n Evsnt of D�f�ult, Lender m�y, �ither in penon or by �pent, with or without brinpinQ any
<br /> aetion or procsedinp, or by • recsivsr •ppointsd by • court �nd without repard to the �dsqu�cy of it• �scurity, snter upon and tsks
<br /> possession of the Property, or �ny part thsrsof, in its own nems or in ths nsms of the T�ustes, and do �ny acts which it deema
<br /> necsssery o�ds�irable to prs�erve the v�lus, m�rkst�bility or rent�bility of ths Propsrty, or �ny part thsreof or int�rs�t ths►ein, incrsase
<br /> ths ineoms thsrsfrom or protsct the �ecurity hsrsof�nd, with or without t�kinp pos�ession of the Props�ty,sue for or otherwi�e collect
<br /> the rsnts, issues�nd profit�thsreol,includinp those psst dub�nd unpsid, snd apply ths same,less costs�nd expsn�es of operation snd
<br /> collsction includinp �ttomeys'fses,upon any indebtedness sscured hsreby,ell in such order�s Lsnder msy detsrmine.Ths snterinp upon
<br /> and takinp posssssion oi the Property, ths oollsction of such rsnts,i��uss�nd profits�nd ths�pplic�tion thsrsof�s�fon�eid, shall not
<br /> curs or waivs�ny default or notice of defauh hereundsr or invslidats any act dons in rssponss to�uch default or pursuant to such notice
<br /> of dsf�ult�nd,notwithst�ndinp ths continuance in posssssion of the Ptopsrty or the collection,rscsipt and spplicetion of rent�,issues or
<br /> profits, �nd Trustss �nd Lsnder shall be entitled to exerci�e evsry ripht provided for in any of ths Loan Instrumsnts or by law upon
<br /> occurrence of �ny Evsnt ot Default, includinp without limitation the ripht to �xerci�e ths powsr of sale. Further, Lsnder'• riphts and
<br /> rsmsdiss under this panpraph shall be cumuletive with, and in no way s limitation on, Lender'• riphts �nd remsdiss under any
<br /> a�sipnmsnt of leases and rsnt� recorded �painst the Property. Lendsr,Tnutee end ths receivsr shall bs liable to account only for those
<br /> rsnts�ctually rsceived.
<br /> 11.Ev�nt�of D�iautt.The followinp shatl constitute sn Event of Default under this Deed of Trust:
<br /> (a)F�ilurs to psy sny instsllment of principal or intsrest�scursd hereby when due;
<br /> (b)Ths ssls or othsr trsnstsr to the Property or any intsrsst of the Trustor thsrein;
<br /> (c)The tailure to msintsin in full force snd effect all insursncs required to be maintsined on or with rsspect to the Property;
<br /> Id)The failure to pay property taxes or essessmsnts upon the Property prior to delinquency;
<br /> (s)Aetion or inaction by Tru�tor which re�ults in the filinp, recordinp ot attaehment of a lien upon the Propsrty�uperior to thst of
<br /> the Lender,
<br /> (f)Ths detsrmin�tion th�t�ny statsment piven or msde by ths Trustor or Borrowsr in connsction whh any�spect of the �
<br /> oblipation sscursd hereby is fraudulent or matsrielly mi�rsprs�entative.
<br /> (p)The commi��ion of w�sts with respect to ths Property;or •
<br /> (h)Ds�th of the Trustor,or sny of them H more then one.
<br /> 12.R�m�di�s;Aoo�bntbn Upon D�i�uk.In ths event of sny Evsnt of Osfault Lendsr msy,without notice excspt a�rsquirsd by law,
<br /> deelsre sll indebtsdness �ecured hsreby to be due snd peyabls end the sems shall thsreupon become due and payable without any
<br /> prs�sntment,demsnd,protest or notice of any kind.Therssftsr Lsndsr may:
<br /> (�l Dsmsnd th�t Tru�tee exerciss ths POWER OF SALE pnnted hsrein, �nd Tru�tse �h�ll theresfter o�u�e Trustor'• intersst
<br /> in the Property to b��old�nd ths proce�d�to be distributsd,�II in ths m�nnsr provid�d in the N�bn�k�Tru�t Dssd�Act;
<br /> (b)Exerci�• �ny �nd dl ripht• provid�d for M�ny of th• Lo�n In�trum�nt• or by I�w upon 000urr�no� of �ny Ev�nt of
<br /> O�1�ult; �nd
<br /> (e1 Comm�na• �n�otion to for�clo��thf� D��d of Tru�t�� •monp�p�, �ppolnt� no�lv�r,or�p�olflo�tly�nforo��ny oi th•
<br /> oov�n�nt�ha�of.
<br /> No r�m�dy ha�fn ooni�rnd upon o► r���rv�d to Tru�t�• or L�nd�r I� Int�nd�d to b� �xolu�lv of �ny oth�r r�m�dy h�nfn, In th• Lo�n
<br /> In�trum�nt�or by I�w provid�d or p�rmltt�d, but ��oh �h�tl b�oumul�tiv�, �h�ll b�In�ddltfon to �v�ry oth�r r�m�dy plv�n h�nund�r, in
<br /> th�Lo�n In�trum�nt� or now or h�r��fta�xi�tinp �t I�w or In �qulty or by�t�tut�, �nd m�y b��x�rol��d oonournntly, {nd�p�nd�ntly or
<br /> �uoo���iv�ly.
<br /> 13. TN/ZN.Th�Tru�t��m�y r��ipn �t �ny tlm�wlthout o�u��, �nd L�nd�r m�y�t �ny tlm��nd wlthout o�u���ppolnt ��uoo���or
<br /> or �ub�titut�Tru�t��. Tru�t���hdl not b� If�bl��to�ny p�rty, Inoludfnp wlthout Ilmlt�tlon L�nd�r, Borrow�r, Tru�tor or �ny puroh���r ol
<br /> th• P�op�rty, for �ny lo�� or d�m�p• unls�• du• to nokl��� or wlllful ml�aonduot, �nd �hdl not b• r�qulnd to t�k� �ny •otion in
<br /> aonn�otion wlth th��nforo�m�nt of th{�D��d o1 Tru�t unl���Ind�mnlil�d, In wrltlnp,for�II oo�t�,eomp�n��tlon or�xp�n���whloh m�y
<br /> b• ���ooi�t�d th�r�wlth, In �ddltlon, Tru�t�• m�y b�aom• • pu►oh���r �t �ny ��I• ot th• Prop�rty Qud{ol�l or und�r th• pow�� of ��I•
<br /> pr�nt�d h�r�in�; po�tpon�th���1�of dl or�ny po►tfon oi th�Prop�rty, ��provld�d by I�w; or tNl th�Proparty�o� whol�, or in ��p�r�te
<br /> p�rc�l�o►lot��t Tru�t�e'�di�or�tion.
<br /> 14. FN��nd Exp�nN�,ln th�w�nt Tru�t���ell�th�Prop�rty by�xsroi��of pow�r ot��I�,Tru�t���h�ll b�entitl�d to�pply any�sle
<br /> proo��d�(ir�t to p�ym�nt of �11 oo�t� �nd �xpsn��� of �x�►oi�inp pow�r of ��I�, fnoludinp �II Tru�t��'�f���, �nd L�nd�r'� �nd Tru�t��'•
<br /> �ttorn�y's i���, �ctually incurr�d to �ztsnt psrmitt�d by �pplic�bl� I�w. In th��v�nt Borrow�r or Tru�tor �x�rol��� �ny ripht provided by
<br /> law to cur• �n Ev�nt of D�f�ult, L�ndsr �h�ll b� �ntitl�d to r�oov�r from Tru�tor �II oo�t� �nd �xp�n��� �otu�lly inournd �• • r��ult of
<br /> Tru�tor'�dd�ult,inoludinp without limit�tion�II Tru�t��'��nd�ttom�y'�i�s�,to th��xt�nt p�tmitt�d by�pplioabl�law,
<br /> 16. Futun Adv�nw�. Upon r�qus�t ot Borrow�r, L�nd�r m�y, �t 1t� option, m�k� �dditfon�l �nd futun�dvano���nd r��dv�no�i to
<br /> Borrowsr. Such •dv�nos� �nd n�dv�noes, with inta��t thereon, �hall be�soursd by thi� D�ed of Trust. At no tims �hsll the principel
<br /> �mount of the indebt�dne�� �scursd by thi� Dssd of Tru�t, not inoludinp �um� �dv�no�d to protsot the ��curity of this Dsed of Trust,
<br /> �xcssd ths oripinsl princip�l�mount statsd hsrsin,or 1 46,500.9ahichsver is prester.
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