|
-- w -�`- � -w��'�-�r � - —-- — ------ � ----- , � . �.,. � -r,q,e,';irAYF'wk,>.?'`.";'-".�""'ti. ..__ -� ' _
<br /> .cJ.�_.. �_�L� . � ; ' . . . ` . • . . �.i - .�°A:M . . ...:l.rr.��.d{HO i4�).i=-� �.._—
<br /> � 1 - ' .. ` ..� � 5 : ��'.'
<br /> ' t�'
<br /> . th� �sap��tY oi ya� thor�� , A !as aonv,apsr�ca i,a liant at c�a-- _, =--, `�
<br /> dn�nation. L�ad�r shsll b�'"Ln��til�d a� ita ap�ioa ta oaw3►a�� .
<br /> app�ar in and proMaut� i�a ita o+ru aaa�► u�y �ation as prooMd- .
<br /> iaq�, aod �hall aiso !� �ntitl�d �o aalu any carproa�i�� or w�-
<br /> tl�nt in aoonration Ni�h �utop �nq or dawS�. ia tih� �v�n�
<br /> �Y portion o! th� Proprr�y i.� ro t�ic�a or da�g�d. L�ad�r sfia�.l
<br /> —�_� hava �h� optiion, it it�� �rol� �ad �1�a�u�� disar�t.�.qa, to epply
<br /> all ruoh Procada, a���r d�du�atin4 �lur�lro� a11 ao� a�rd
<br /> �zp�n��� inaurr�d by it in ao��ation Nitb �ucb Ps�oa�, upcn �
<br /> aoy iAd�bti�a��� Ncurad h�rrby �ad i,n �uoh ord��r �s L�na�r s�Y ,
<br /> d�t�s�iQ�, or !o appiy all �uch procMelr� +�f��r suah d�duatioaw, .
<br /> ta 1:h� r��toratiion o! tL� �ts�op�sty npon �noh aondi�ioa� �s L�nd�r
<br /> �ay d�t�rain�. l►ny �pplic�tiion o! i►roc�ads to iad��dn��� �flall
<br /> �aot �rt�nd or po�tt�n4 tho duo dato o! any paya�nt� wtder tho
<br /> �tot�, or cur� any dotault th�r�uad�s or h�rowid�r. �ny anePpl�i�d
<br /> lunds �Lall b� paid to Ttustior.
<br /> 8. Perior�snca by Landar. npon the occuraceaao oP �t 8voat
<br /> o� 1�fauit h�r�uad�r, or if au�► sot ie ttslcan or loqal pr�oa�adi.nq _ _
<br /> co�nenaed, Which matorially affecte i,oadar�a interesi iru Y.�te
<br /> - proparty, Lendor may in ite o�n discretion, but �ithouC obliqa-
<br /> - tion to do so, and without notice to or dewe�nd upon Trustor �nd
<br /> �_- ' without releasing Trustor fron aay obliqation, da any act �hiah
<br /> ri� Truetor has aqreed but �ails to do and may also do �►ny other aati
<br /> � it deeas aacessary to protec:t the aecurity hersof. �gustor ������.`�
<br /> �`� ' ehali, immediately upon demand therefor by Lender, �ay ta I,au��r
<br /> ' all coste aad ezpenses iacurred and sums e=pended b� Leador in
<br /> =''^� co�actiioa with the exercise by I�nder of the gorego3mg rights,
<br /> . � together with intexest thereon at the default rnte �providad in
<br />-v�- , the Note, wh�.ah ahell be added to the indebtedaess seaurQd
<br /> : ;,;,;"�, ; #�� hereby. Lender eha�l not incur eay liabilitiy be�aua� af anytt�aq
<br /> ' �� it aay do o� omit to do hereundor.
<br /> � Trusicor shail keep tbe Property ia ��
<br />- � . , �����,�j;;.:� 9. Hatiardoua Materfals.
<br /> - ="�?�-.:r..• .�•.. �, complia�ace with all applica�ble lnws, ardinences aad requlat�.ons •
<br /> ` ""'`'`�'�' ' ' relating to i.adustrial hygfene or environmeatal protection
<br /> .�,;,.,,.. ,. . .;. . .,
<br /> �,�'r�s��;,:�. •�;.� .��� (collectfvely referred to herein as "Environmental LawsM).
<br /> � ;�a�•'r(t. 4 " ':�Sir' fft Truetor shall keep the Property free from all substancss dQemed
<br /> '��t �+.�n��::��:,��r�.r..'� to be hazardoue or toxic uader aay Environmeatal La�rs
<br /> -�.,,� ..ti.�:�,��; • H"..-* n
<br /> � �..,,�
<br /> (collectively referred to herein as Hazardoue Materials").
<br /> i �'�;�',:.
<br /> �, ' � ``�� Truetor hereby warrants and represents to Lender tbAt there are
<br /> � � :.. �.;:,,,;`,,;�.. ' ,;•�.
<br /> . _ ,;)�,,,;,�};;;;,.: ".�;� no Hazardous Materials oa or under the Property. Trustor hereby
<br /> ' ,��;}',=���' �,. �`• agrees to indenu►ify and hold harmlese Lender, its directors,
<br /> � � ; �.�;ri.:;�i��,��`•�������``� of ficers, employees and agente, and any successors to Leader�s
<br /> II . ,.,..�:.,�r1�..,,.,� . interest y � 9
<br /> :�.;��;�..�__,,y .^_ , , from and aga3nst an and all claims dama es, losses
<br /> . • . �`,.;• and li�ilities arising ia connection �vfth the preeen�e, ��R� dis-
<br /> � .� posal or transport of any Hazardoue Materials on, under, from or
<br /> � � ,�: ��; about tbe Property. THE FOREGOING WARRANTIES AND REPRESENTATION,
<br /> ��`'' �"� �� ` AND TRUSTOR•3 OBLIGATIONS PURBUANT TO THE FOREGOING INDE[+aIITY,
<br /> ,_,,, ;�+,..,..-.. ,<<,
<br /> ' '!7� SHALL SURVIVE RECONVEYANCE OF THIS DEED OF TRII$T.
<br /> a .. ' •..'"�.� ' :�.
<br /> - �'"�•` ,�:�; 10. Ass;��!ent_ of Ren�s. Trustor hereby assigna to Lender
<br /> ; �� • `: the rer.ts, issues and profite of the Property, prov3ded that
<br />`: E � � .;,';��,;`t Truetor shall, until the occurrence of an Event of Default here-
<br /> � t �� �'-�����r-�:�•��• under, have the right to collect and retain such rents, iseues
<br /> �' y � •,;��'.,,::'��''��,,;,;c�; and profite as they become due and payable. Upon the occurrence
<br /> ; � . � ; of an Event of Default, Lender may, eitber An person or by agent,
<br /> ' + �'�' with or without bringinq any actioa or proceedinq, or by a
<br /> � J �'' receiver appointed by a court and witEnaut regard to �he adequacy ,
<br /> r �� of ita security, enter upon and take possession of the Property,
<br />= '� � � � or any part thereof, in its own name or i.n the name of the
<br /> , TrustAe, and do any acts which it deems neceseary or desireble to
<br /> � � , . �.. � preserve the value, marketability oz rentability af the Property,
<br /> _ ' os any part thereof, or interest therein, increase the income
<br /> - - therefrom, O= pIOL6Ct Lil@ SeCU='ii]i zuesi6�i� oi+u� w+.`.0 v:. :++tt:.^•L'�
<br /> 'L � takinq posseseion of the Property, eue for, or otherwie� collect,
<br /> �', the rente, issues and profits thereof, including those past due
<br /> � �-�-�-�---� and unpaid, and apply the eame, less coste and expenses of opera-
<br /> � '" tion and collection including attorney's fees, upon any indebted-
<br /> :<<���:�{ �,+ „ . ;;���I�� ness s�cured hereby, all in euch order as Lender may determine.
<br /> . . '" Zr.�.
<br /> ��;"� ' ����r:s;��;�r,,�!:;�,'� �� The enter�.n u �n and takin esessian of the Pra ert the col-
<br /> j�•;;.',� :. ;;r��.'>;�`::�:-:!:;.�.��'Zv( � P� 9 P� F Y�
<br /> ,. : +� �,.,�`y'iS , ,,.,_:,:,;`, lection o� such �rente, issues and profits a�nd the application
<br /> '" ' ° �:,���,''�'%,;:?•;''�� thereof as aforesaid, ehall aot cure or waive any default or
<br /> ;;, �� , �.,.,,,a
<br />,''. . '' .r��• �.;��s�
<br /> i ....: �,�
<br /> � . ... .
<br /> , . t _ . 3
<br /> �4
<br /> P ' �.._�_�..�--T-.-�,l--._-r�_ �.,r_--.,_
<br /> � - ---- .
<br />
|