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<br /> � -= pM Propwry Is�o Wum a d�m�p�d,Lrnd�r Nuli hav�th�optlon.ln fts wi��nd absolut�dita�Nion,to apply ail wah P►ooNO�,
<br /> �}��py�p q�hom ul op�b�nd�xp�n�inournd by it In oonn�otlon with wah Proea�d�,upon�ny Ind�bUd�s Nowrd
<br /> h�nfoy u�d In wah ord�r aa L�nd�r may dNNmfn�,or to�pply�It wah ProcMd�,�Ke suah d�duaUom,to th�r�tonNon of th�
<br /> Prop�ty upon wch condiHons a�l.�nd�r m�y d�f«'mfn�.Any aPP�icaHon of ProcMds b Ind�bMdnNa rh�ll noaxw�d or po�tpon�
<br /> 11�dw d�M ol any paynwnts und�r th�Not�,a cur��ny d�tauit tl�nund�r a M►�und�r.My unappii�d tund�sh�li b�p�{d b
<br /> TntMor.
<br /> 0, pMlqm�ne�by L�nd�r.Upon th�occurnnc�of art Ewnt of Ds(�uit h�r�und�r,ur If��y aat Is t�k�n or Ipal procNdinp
<br /> - - —�- oomm�nc�d whlch m�t�rlalty aff�cte Lend�r'�intsnst in the Property,l.endar may in Its own dl�cratlon,but without obeptUon to da
<br /> q,and without notic�to a d�m�nd upon Tru�tor�nd without r�IsaWnp TruaWr trom any obtipaqon,do�ny act wh�h Trustor ha�
<br /> � prMd but lalls to da and may alw do�ny oth�r�at It de�ms n�c�aary to protect th��curity h�reof.7rusta shail,immsdl�Wy
<br /> ��"- upon d�mand thK�tor by L.�nO�r,pay to l.�nd�r�I�costt and�xpsntss Inaurnd�nd sums exp�nd�d by L�nd�r In conn�cpon with
<br /> th��x�ralw by l.�nd�r of th�tor�polnp�i�htt,top�th�r wlth int�nrt thsrwn�t th�ddault rats provided In the Note,whloh�11 bs
<br /> .,� �dd�d to tt�ind�bbdn�s�our�d h�nby. l.�nd�r ��I not tnaur�ny U�blliry b�caup of anythirp it may do or omit W do
<br /> hNwrldK.
<br /> - - ____- - p. ��1ytN�UN.Tru4tor sheli kaap the Property in oompllance with ail applicabie tawa,ordlnencss and ngu�adons
<br /> - - rNatinp to indu�trf�l hy�i�ns a envtronm�ntal proteatlon(collectively nferred to hereln as"Environmental Laws'7.Trusta�hail
<br /> kNp ttN P►op�Ry tr�s trom ail subst�noes daemsd to be hezardous or toxto under any Environmental U►wa(collectivoly rsterred to
<br /> h�rNn u"Hazardous M�t�rlals").Truutor h�reby war�ants end rapresents to Lender that there are no Hazardous Materials on or
<br /> und�r tlw PropKry.T►uftor h�nby aprMS tv indsmnity�nd hold harmles�Lender,Ib dlncton,ofllcen,employss�and p�nb,and
<br /> -_-__._..�._.__.__.._,.__ nny eucce�eoro to lender'6 4ntereet,irom�nd ag+iinit any end ali clalm�,dartwg�a.bsws and Ilabilitfes arisinp in connecdon wNh
<br /> -- -- 1M�pra�nu,uM,dl�po�al or transport ot any Hazardoua Meterlala on,under,irom or about the Propsrty.THE FOREQOINCi `
<br /> -��"'""`��� WARRANTIES ANO REPRESENTATIONS,ANO TRUSTOR'S 08LI�ATION3 PURSUANT TO THE FOREOOINO INDEMNITY,SHALL -
<br /> � .�.�.�t:Y"�-,• SURVNE RECONVEYANCE OF TNIS DEED OF TRUST. _
<br /> ' p ��������%�"�'�� 10.AsNpem�t ot R�nb.Truetor hereby easi�ns to Lender the ronb,iasues and profits ot fhe Proputy:provided that Trustor =
<br />- � ' ahai�,unGl th�occurronc�of an Event of Oefault henunder,have the ripht to collect and retaln�uch rent�,lesue�and proilts as th�yr -
<br /> '•�' ��_-� ,�`.'; becoms due and payable.Upon the ocaurrence of an Event of Dsfault,Lender may,pithar fn peraon or by aysnt,wfth or wfth�ut
<br /> ` x''' • oUted b a court end without reyard to the adequacy of ite securlty,enter =
<br /> � �,.. n a c t l o n o r r o c e e d i n o r b e n c e l v e r a p p Y _,.
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<br /> � � upon�nd tak�pottusion ot the PropeRy,or any pa r t t hereo t,i n I t s o w n n e m e o r i n t h e n a m e o i t h e 7 r u s t e e,a n d d o a n y a c t s w h l c h I t
<br /> +'' '' � •�'�•��i��, desm4 n�cesary or desirabte to pre�erve the v�lue,marketabillty or rentability of the Property,or any part thereof or Interost thereln,
<br /> inana�e th�inaome therstrom or prot�at the sscurity horaof antl,with or without takln9 poases�lon of the Property,sue for or
<br /> ��'t� otherwl�s colieet the rents,{esues and protits thereot,inc�udinp those past due and unpafd,and apply the aame,leas coste and
<br /> '• r'*"� rxpsna�s ot op�radon and co�leotion includiny attorneys'fees,upon any indebtedness aecured hereby,all fn wch order as Lender
<br /> � �' "' �<< m�y det�rmins.Th�enterinp upon and takinp postea�lon of the Properry,the coliection cf auch rents,issues end proHts and the -
<br />-- '��•�.%���•�,�'� �pplic�tlon theraof as afor�at►id,shell not cure or waive any defauit or nodce of deteutt hereunder or tnvalidete any aat done in
<br /> +.�x ,-��'� " nspon�e to suoh default or purauant to such notiae of detautt and,notwithatandinp the conUnuence in poaseaslon of the Properry or
<br />- . ,��+L;i�:'�� the CoINCdOn,rec�ipt aqd appilCStion of nnte,isaues or profite,and Trustee and Lender sheil be entitted to exerclee every rlght
<br /> •�'�:������*i i provided tor 1�any ot the Loan Inetrumente or by taw upon occurrence oi any Evdr�t af Oeiauit,U�ctudir+y�wlihoui limitailon iha n�rii •
<br /> ,i,c,:•r.:�,.:;,�: �.=.�;1�:� to�xerclse ths power of saie.Further.Lender's rights end remedies under thie parapreph ehall be cumutative with,and in no way a
<br /> ,.:., Ilmltation on,Lender's riphta and remedles under any aasiflnment of leasea and rents recorded a9ain�t the Property.Lender,Trustea
<br /> .'�:,�,.. �; and fh�recsiver ahall 6e tiable to account only for thoae rents actuaity recefved.
<br /> , ,.-;�,;'.��;,: 11,Ewnb M DNauR.The followinp shetl constitute an Event ot Default under this Oeed of Trusx _
<br /> ��ti.�';..,.,�����',;:,:,� (a)Faliuro to pay any installment of principal or intereat of any other sum secured hereby when due;
<br /> ..-. ,.:-.�1���,�, . (bj A bceach of or defaul!undar any provi�ion conlntncd in the Note,this Oeetf of Truet,eny ot the Loan�netrum�ntR.nr any
<br /> _ , . •.,�:,,;.. ...., oth�r Iian or encumbrance upon the Propenyr; _.
<br /> � (c)A writ of execution or attechment or any elmilar process shail be entered ayainst Trustor which shall bacomo a tien on
<br /> ' �' tho Property or eny portion theroot or interest therefn; _
<br /> ,c�r, �'••�' �°�`���`!'"'� (d)There shall be filed by or apafnat T�uetor or Bor�ower an action under any present or future federai,state or other _
<br />� ' "�� �' statute,lew or reyu�etion relatinp to benkruptcy,insoivency or other reiief for debtors;or there shall be appointed any truatee, _
<br />-...� ,�::.�_.'.,..,. •.r::s: _
<br /> receiver or Iiquidator ot Truator or Borrower or of all or eny part of the Property,or the rents,isaues or profltt thereof,or Truttor -
<br /> � }�t�1°'�`"� or 8orrower shall make any yeneral aa9iqnment tor the benefit of creditors; _
<br />' ���'^� � " (e)The aale,tranater,Iease,eeaignment,conveyance or further encumbrance ot all or any part of or any interest In the
<br /> - ' • ' PrOperty,either voiunterlly or involuntsrlly, wtthout the exprees wrinen consent of Lender;provided that Trusbr shall be _•
<br /> ';�'� •• .'•'� permiued to executo a loas�of the Property that does not contain an option to purchase end the term of whtoh does not exceed _
<br /> *�: • • ..
<br /> , ,` . �y�r _
<br /> "''; ' �• (n Abendonment of the Property;or -
<br /> �`''':^"' ' (y)it Trustor is not an indivldual,the Iseuence,aale,tranafer,asslqnment,conveyance or encumbrance of more than a Wtal
<br /> ::t��...: . .
<br /> of percent ot(it a corporation►fts issued and oulatanding stock or Qf a partnershfp)a tota�of percent of -
<br />- '"""'"" "' partnerahip Intereats durin4 the period thfe Deed of 7rust remalns a Uen on the Property. �
<br /> `"� "''�'. 12,RMn�d{N;Aac�afion Upon ON�u1L In the event of any Event of pefau►t Lender may,without notice except as requlred by _
<br />� '�,�i;,,,_. , law,deoi�r�all Indebtedness aecured hereby to be due and payable and the same ehal�thereupon become due end payablo _
<br /> :- w�-. °" wlthout any pnsentment,demand,protaet or notfce ot any kind.Thereafter Lender may: F
<br /> ' , ��� � (a) Demend that Trwtee exerciae the POWER OF SALE qranted herem, and Trustee shait thereafter cause Trustor's i
<br /> �,l'� •,'�:• � ' inunu in tha Property to be soid ond the proceeds to be dlatrfbuted,all In the manner provided ln the Nob�afka Trust Weds
<br /> - ,:S ',:. Aot
<br /> _ 'L ' ��' (b) Exercis��ny and ail riphta providad for In any of the Loan instruments or by Iew upon occurranw of any Event ot V_
<br /> --=:� =-�.�.: " DNaulk and _
<br /> '� (e) Canmenco an aoUon to for�elose thfs�eed ot Trust as e mort9a�e.appoint a recelver,or speciflcally entorce any ot the
<br /> ,�;. �„• cown�nb hereot. --
<br /> a No nntWy hsnin Conterr6d upon or reserved to Truatee or Lender fs intended to be exclusive ot any other romedy hereln,in the ,,,.
<br /> ' .� Loan Imtrum�nt�or by law provided or permitted,but each shail be cumulative,ahatl be in additfon to every other remedy qiven
<br /> hK�undsr,In fh�Lo�n Inatrumento or now or hereafter exiatinp at Iaw or in equity or by statute,and may be exarcisad concurranUy,
<br /> _ ind��d•nny or succas�ivoly. -
<br /> 13.TYwM�.TM 7rusts�may nelprt at any Ume without cauw,and lender may at any tima and without cauoe eppolnt a �
<br /> suec�or wiutltut�Trust�s.Trwtee shatl not be Ilabte to any party.includlnp wlthout Iimitetlon Lender,Borrower,Trustor or any _..
<br /> purchuM ot Nt�Prop�rty for�ny tots or damepe un�e�s due to recktess or wflltui misconduct,and shail not be rsqWred to take any _
<br /> sotbn In eonn�otion with the�ntorcement of thi�Deed of Trust untess indemnitied,in writinp,lor all co��,componsaUon a
<br /> .Y..r.4...._..w�.....,.i.�.w�...�.,uh �.,.eiattinn.Trustoe mav become a Du►Chaser 8t�ny sak of the Prop�rty Qudiclai or -
<br /> - .�..�,�..�__--__._._._._....----
<br /> v„r:....�........ ;
<br /> und�t th�po�wr of�at�pranted heraln);po�tpon�the ea�e ot atl or any portion oi 1he Property,as provfded by Iaw;or wll the _
<br /> Prap�ry at�whoN,or In�rat�p�rcNa or Iob at Tru�tee'a dlsc��tion. °
<br /> 14. R�N�nd ExpM�.ln tht ewnt Tru�te�wits the Prope►ty by ex�rcise of power of tais.T�ustse shall be endtled W apply
<br /> �ny s�{�proCNd�8nt to p�ym�nt of all cosb and�xp�mss of exeraisinp power ot sala,inctudlnp�II Trustee's tees,and Lender's -
<br /> and TtuNM's�tfa►n�y's NM.aCtwUy Incurnd to�xtent p�rmitted by�PP��cabte�aw.M ths�vent Borrows►or 7rustoF exerct�t any
<br /> Inou►nd i� Mult of Tn�br's dMaulR InatudinpL�ou�amltation�rus�s and attomh�0i'ar al� tht�xqritnp�rmltt�d I� _-
<br /> ���w. m�k�additlonal aad futurt xdvances and�e-
<br /> 16.�YMin AdwNOM.Upon nqwst of Borro�wr,l.�ndor may,at I!s option,
<br /> ad��oN b 8orrowK.8uch advanc�s arsd rwdvsnc�wllh inOKKt thKwn,�hall bo Ncurrd by this ONd of'�uM.�t iq���s
<br /> �M ptN1NpN M1lount Of IMN Iffd�W�dn�ss Maurrd by thl�ONd of Tn.st,n t in t in wm��dvanc�d b prot�Et tl�A�ic -
<br /> OMd a(1'rwf.�owd 11N orlpin�l prinaipd anwu�c WMd MrNn.a wnich�w►Is 9n�t�r.
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