|
,�r%���_ _ _ ., Y^ ..
<br /> , �
<br /> .� �. � .'y��.} J.
<br /> �f
<br /> • j
<br /> • ..J-�"-1.--
<br /> . ..--..��.fT"-
<br /> ,— .Y_ _tr.tiiLYfl�.� • •
<br /> • �
<br /> 93• ilOO�i
<br /> _ __ _ 5, �n Q* .c�A�n � na• with Lawo. Trustor `
<br /> �hall k��p th� Proporty n goo� aondition and repsirp shall
<br /> pro�ptly r�pair, or r�placo, aay iaprov�nt Which a�ny b� dasagod
<br /> - or d�stroy�d; shall not conimit or pez�ait any wasto or dot�riora-
<br /> tion o! th� Prop�rtY1 shall not rvnavo, dwwliah or �ulastantially
<br /> = altar aay o! the improvemente on tho Proparty; shall not commit, R_
<br /> - sutf�r ox �nsit any aat to be dcno in or upon the Property in
<br /> - violation of any law, ordinance or raqulationj and shall pay and
<br /> � promptly diaaharqo at Trustor's cost and expense, all liens,
<br /> —= Qnanmbranaes auid charqas levied, imposad or aaaQ��od aqainst the
<br /> ���� Proparty or aay part thoreot.
<br /> � 7. ��nent Dom i�n. Lender is hereby assiqned all compensa-
<br /> tion, awards, dammqes and other payments or relief (hereinafter
<br /> NProaeods") in aonaection with condemnation or other takinq of
<br /> _- _ _ thQ Property or part thereof, or for conveyance in liou of con-
<br />--� doaaation. Lendar ehall be entitled at ite option to commence,
<br /> � � appear in and prosecutQ ia its own name, any action �� �iruaaed- °
<br />;�� � r�.�s;�, inqe and shal� algo bo entitled to ma�lca any compromise or set- -
<br /> �ry°� "'���� tlentent in aonnection with euch taking or damaqe. In the eveat
<br /> , �' '' ��.•`• auiy gortion of the Proporty is so taken or damaqed, Londer shall
<br /> '�n��:cr�:4r8 4,�..
<br /> �:�v. �: ,:.�..:,,,�„:� have the option, it its sole and absolute discretion, to apply
<br /> :��,.���'�k.`•. �, all such Proceeds, after deductinq therefrom all costs aad
<br /> �1�,•v'."n.;.,-iF�, N�Y,
<br /> � �•r -,�� e anses incurred b it in connection with such Proceede, upon
<br />_ �-�,� �,:;�.; :,. . � �P Y
<br /> :,�r any indebtedness secured hereby and in such order as L'ender may
<br /> .,'.ra�� �'=:'v determine, or to apply a�ll such Proceede, after such deductions,
<br /> �t.�
<br /> •;,��.-�. .�,. -•:.�;s: to the restoration Af the Property upon auch conditiono as Lender
<br /> �� :�;w•�;:�-. _• .,; ��-- may determine. Aay application of Proceeds to indebtsdnese shall
<br /> � 4�4:'.:.:. .:'. � .
<br /> • .. �•... not extend or postpone the due date of any payments un er t e
<br /> _-- '` -'�-�'�`�' a�v;.a, oi �ure �y default thcrsw�s3�r or hereunc�ar, �►ny unapplied _
<br />:.,. .. � :
<br /> � funds shall be paa.d to Truetor.
<br /> � . 8. performance by Lender. Upon the accurrence of aa Event
<br /> of Default hereunder, or if any act is taken or legal proceeding
<br /> � � . commenced which materially affocts Lender's interest in the Pxop- ,
<br /> � erty, Lender may in its own discretion, but without obliqation to
<br /> „ do so, and without notice to or demand upon Trustor and w3thout
<br /> ' � � releaeing Trustor from any obligation, do any act which Trustor
<br /> y� � � � � hae aqreed but fails to do and may also do any other act it deems
<br />.f•�n � necessary to protect the security hereo€. Truator shall, immedi-
<br />.�.1�. • � ' ately upon demand therefor by Lender, pay to Lender all costs and
<br /> expenses incurred and sums e�ended by Lender in connection with
<br /> � , '�: � � � ���j`'� � the egercise by Lender of the foregoing rights, together with
<br /> • interest thereon at the default rate provided in the Note, which
<br /> � • . ''��+ shall be added to the indebtedness secured hereby. Lender shall
<br /> � � not incur any liability because of anythinq it may do or omit to
<br /> ��. � do hereunder.
<br /> r �5�, .. _
<br /> � ''�t;;;:�r°�.�•'�� � 9. Hazardnus Materials. Trustor shall keep the Property in •�
<br /> � - j�"' compliance with all applicable laws, ordinances and regulatione _
<br /> �,.` relatinq to industrial hyqiene or environmental protection -
<br /> . .. ,
<br />_ r� �*�• � (collectively referred to herein as ��Environmental Laws") . :
<br /> �.��.,;' Trustor shall keep the Property free from all substances deemed ,.
<br /> �=`��. to be hazardous or touic under any Environmental Laws ;;
<br /> - . . .._ � �. �.�� (collectively referred to herein as "Hazardous Materials"). „i:
<br /> � � Trustor hereby warrants and represents to Lender that, to R
<br /> � .;.�;_, � Trustor's knowledqe, there are ao Hazardous Materials on or under '
<br /> r;;=;, �`.. :� the Property. Trustor hereby agrees to indemnify and hold harm-
<br /> ;z..,., _.. .. .
<br /> ; • • �:,,;MU� . , less Lender, its directore, officers, employees arid agents, and
<br /> _ ";�'� �:� any successors to Lender's interest, from and against aay and all �-
<br /> _; �"' claims, demnges, losses and liabili.ties arisinq in connection -
<br /> — � with the presence, use, disposal or transport of any Hazardous -
<br /> Matterials on, under, from or about the Property. THE FOREGOING =
<br /> m�nnaatmrre avn Dtrnap�Qt�tR+aTrnuC. l►IJU TRUSTOR�S OBLIGLTIONS PUR- -
<br /> . _ -__ ttMYrY����v ���� � �������.�������.�� __ - _
<br /> = SUAIiT TO THB FOREGOING INDEl�NITY, SHALL SITRVIVE RBCONVEYAI�CE �F �
<br /> -- 'i'BI3 DE�D OF TRU8T. r
<br /> 10. �seignment of Rents. Trustor hereby assiqns to Lender _
<br /> thQ ronts, issues nnd profits of the Property, prvvided that
<br /> Trustor shall, until the occurreace of a.n Event of Default here- r
<br /> uadQr, hav�t �hQ right to collect and retain such rente, issues
<br /> aad protit4 aa thoy baco�e due and payablQ. Qpoa the occurrence '
<br /> 3 =
<br />
|