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<br /> _� — � � t`le�at ia•conne��on Ni.�h su+ch tak�nq or da�ac�e. ��In the svent =
<br /> ---- -- - ~ . anp portion_of •the'Propertp �s so taken or da�iaqedR i:endea shall
<br /> - ` � . IIave the o�ition, it fts�$o2e and absolute disc�cetion, to aPP1Y �
<br /> - ,, all such Psoceeds, after d�ductin4 therefrcap a�l costs and � .. . • -
<br /> - _ �� '' � . .. e�nses iacurred.bp' it in connection �rith such Proceetls, uppa�
<br /> • � - , . _. -���edness s,ecurec� herebg and� in such order• as i�ead�sr aiay .�
<br /> �� --- - -- - . . - de�er�i.ne,� or to applp a�l su�h Proceeds, aft�r such 8eductions; . . - _�
<br /> . _: to the restoratioa of the Prope�tp �a such candi�i.�ons as be�d� . : -�
<br /> ';; .:::.�_�. �
<br /> - '�=`�,;.. ��-• . �ay dete�mine: L�y appliaat�on af Proceeds �o iade3�tedness shall ���--
<br /> ... �._.. .�
<br /> �, _ �� ` aot` �end or paistpane the dne date o€ a8Y PaY�� � � .. � � �
<br /> '_ N� , � �iote, or.au�re�atmY.defau2t thereuu�der.or.hereuader.�, AnY �PP�� � _._ _-
<br /> ��, - � , fuads shn21 be paid to Trustor. . r, , � ���,-
<br /> �/ - -i-���� . � 8. Perfa��B,�.��tY- nder. Upon the occurrence af an BVent .�°-°-
<br />--/`�� ��;����� ��>�: - af Defau7.t heren�d�r, or if aap act �is taken or leqal p�rcceedi�9 . �=�-==
<br /> f,.� �--- _
<br /> '�,� �:.��.a.'� _= aom�enced, w2;i.ch materiallp af fects Lende,r's interest ia the� . -- `-� -
<br /> . Y=��:::}.`� � property. Lender m�►y in its o�n discretion, but without ob=� � - �'�_-
<br /> ��:'_�'-=`_-":�.,.x. .. . � tion �to da. so, aad witbout aotice to or demant� u�on. T�st° " •r-,_ --
<br /> �-_ � . - . , � w3.thout s�erleasinq Tru�tor from aay obligati.on, do aap aet whicH :,;;,;�,.�::-:n
<br /> 4 ' . .._` � Trnstor has agreed but �ails to do and �ap �l.so do aa�y other act - _
<br /> � +Y�f-�' ^c a. ,' ♦ifiOYVa . .
<br /> - - '�;�:;- _'-'4.. ft dee�ts aecessasy tu protect the �ecu}�.ty hereaf. . .
<br /> � ` T � - shmll; �dia�gly upoa �le�and therefor bp Lender, pay to Lender , _
<br />- �;�:: -. : . �' . �er in . �;�
<br /> ,. ��! � .. • all costs and e�penses incnrred�aad suss espended, bp Le , .
<br /> _ . � �` . •ednaection with tbe e�cercise bp I.ende= of the �oregoinq ,Fights. . �
<br /> '.—:,:-f-....:.-:�...� . toqether �ith iaterest-thereca-at i�.h� +default rate�rogided fa , --- - -=_-
<br /> .- - � --'- - -- the pat�, wbich shall be added to the indebtedness secmed
<br /> � � .� . 2iereb�y. Lendeir s�ia].l not 3ncur any liabilitp because of aaything .
<br /> n • �: r-. - ,.
<br />, � .. : . - ._ � it may da or omit to do hereunder. = , �,
<br /> �
<br /> ---. . . _--.--` -.-...__ . 9.. Ra��re�eL t� -er±a�s. Trustor sha�l keep the PJ�operty 311 i : : ` :
<br /> � �� � compliance with all applicable laMS, ordinanc�s and •regulations �.�.� .
<br /> � • � � � relatiaq to industrfal hy9ieae or enviro�amental protectioa `
<br /> .. . :. . .�. {callectively ref erred to herein as "8avirom�ental .Laws"). G,: -: _'.
<br /> - � Trustor shall keep the Property free frow al], substa�nces dee�aed
<br /> : - - ... ` .. .-�- -- to be hazardous or tosic uader anp 8aviroAmental I.t�ws �-__::. _.
<br />- • � (colle�tia.ely referred to hereia as "Hazardous Materials").
<br /> � - Trustor herebp warrants and represents to Lender that,.�to � .
<br /> ;-: . � `"::°-.- ' :.. .:-- Trustor�s knowledqe, there are ao Sazardous 1Katerials on or under .
<br /> _ . .._ .. the Property. Trustor hereby agrees to indemnifp and hold harm F - ` N
<br /> � „ . .
<br /> tE•�; .. less Leader, their employees and -aqents, aad any successors to �
<br /> ��� �, . •�' .. ' : Leader's interest, from and against any an�d all claims, damaqes, •
<br /> � � � losses and liabilities arising in connection v�ith the preseace, � �
<br /> ;�:__ , . ....�- ---..._-=-. �� cii.sposal ar transport.of anp: Hazatdous Kateriala oa, nnder, _...
<br /> . -,• �� ----- . ,. : from or sbout, the P�bpei�ty. THE FOREGOING WARRANTZES APD RBPRE- �
<br /> ;,�• . $ENTATION, AND TRIISTOR'8 OHbIGI►TIONS PURSOAHT TO � FOREGOING -
<br /> . . , ' I1�DEI�IITY, SH71LL SORVIVE RECO�IVEYIINCE OF TBI$ DEED OF TRIIST.
<br />. � . ` ! ' . . , .
<br />�L�--� • � -'�� " � 10. �@�anmen� of Rents. Trustor hereby assfgns to Lender - -� --� -
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<br /> _ "`'-�-�=.��- . .':. �, the rents, issues and prnfits of the Prop�erty. Provided tl�at .
<br /> �, �.i. ' . , � Trust.ar shall, uatil the occurrence of an Eve�t of Defaul� here- � ,: , �
<br /> , ,:-� under, have the right to collect and retai.n such rente, issnea •
<br />' ' � aad profits as they become due and payable. Upon the occurrence
<br />��- _�: 4 �� � ' � � of an Event of�Default, Lender may, either in person or by aqeat, � .
<br /> ;::- - -
<br /> � «� ; - ---��-=--�--- " with or without Drfuqiag any actioa or proceeding, or by a .
<br /> f,� - receiver appointeA by a court� and without reqard to the adequacy
<br />�f�. �� . � � �of its security, enter upon an8 take possession of the Property,
<br />== : �' ' o r a n y p a r t t h e r e o i, in its own name or in the name of the
<br />�-� �... - , .-, �. ._ Trustee, and do anp acts `vhich it deems necessary ar desirable to •
<br /> - - - "' �----'--�-�--��- � � reserne the value; marketabi]�ity or rentability of the Propesty, ' �
<br /> 1yi. �� •� ' , or any part thereof, or iaterest thereia, increase the income �
<br /> ;Y� ., therefrom, or protect the secusity thereof, and, �ith or without
<br /> �,,. - takinq possession of the Property, sue for, or atherwise collect,
<br /> .�::- �;;='-.;- . ...: . _: the reata, issues aad profits thereo�, inaludinq those past due ,. .. . '
<br /> _ ,�_,��,�,�'_�, aad ungaid, and apply the same, less costs and ezpenses of op�rs- :
<br /> � - - -. .. - tion and collectfon inaTUdfnq attosaey's fees, npon atip indebtect-
<br /> _-�...:;�'', _ . ... - - nese secured hereby, a12 fa sucb order as Leade� may del:ermine. . -, ; -
<br /> _- , - :'� - ------- The entering upon and taking possession of the Property, the col- . .
<br /> `������°, � lection of anch rents, issuee and prvf.i.ts and the appl�catioa •
<br /> ��.:' .'- . .. ' thereo� ae a�oresaid,, •shall not cure ar waive any default or „ : _ ,
<br /> �, , . � - .� ; � notice of detanit hareuader os i.�ftta].idate anp act�doae in'
<br /> -�,..:,... �.
<br /> ,_ : .: `;�:� :-�� �_ .. responee to such defanit or pnrsuant to such aati.ce of default
<br /> �� . ..
<br /> �- . -:--. • .:�,.: - - -. = - � � �;� -nc� �tg #.he aantie�uaaae .ia ss on a � 3�ro�r � - __---
<br /> �• .�� �`�:.;:.�: ' _ a or the c�ollectioa, � receipt and app catiion of rente, issues ,
<br /> ` :�.i_ . . . . � ,
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