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<br /> ; a��:.�,,��.� purpose or object satisfadory to Lender without affecting the tisn of thig Deed of Trust
<br /> � . . .�� for!he full emount secured hereby before such paym�nt ever took place. My applica-
<br /> � �.� , tion of proceeds to indebtedness shail not extend or postpone the due date of any —
<br /> • �`� � � •�•��. payments under the Note, or curo any def�ult therounder or hdrow�der.
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<br /> .� a: . ' S. F.S�tQl6t. Upon writt�n demand by Lender,Trustor shallpay to Lender� (n
<br /> _ '�• - - � such manner as Lender may designate,sufficient sums to enable Lender ta pay as they
<br /> _ _ � � become due one or more of the following: (i)all taxes,ass�ssmonts and other charges - -_ --
<br /> - agafnst the Property: (ii)the premiums on the property insurance requ(red hereunder� `"
<br />-��.��- ;, ' , "` and(iii)the premiums on any mortgage insurence required by Lende�.
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<br /> �'�' 6, Maintenance. Repairs and Comaliance with Laws. Trustct shall keep the
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<br /> � Property in good condition and repair;shall promptly repair, or replace,any improve- -
<br />_:,, ment wfiich may be damaged or destroyed;shall not commit or permit any waste or —
<br /> deterioration of the Property;shall not remove,demolish o�substantially alter any of the
<br /> improvements on the P�operty; shall�ot commit,suffer or permit any act to be done in
<br /> or upon the Property in violation of any law, ordinance or regulation; and shall�romptly __
<br /> � discharge at Trustors cost and expense aii liens,encumbrances and charges evied, �----
<br /> imposed or assessed against the Properiy or any part thereof.
<br /> 7. Eminent Damain. Lender is hereby�ssigned all compensation, awards, _
<br /> damages and other payments o�relief(hereinafte�"P�oaeeds")in connection wlth con-
<br /> demnation or other taking of the Property or part thereof, or for conveyance in lieu of �=`-
<br /> condemnation. Lender shall be sntitled at its optlon to commence,appea�In and _
<br /> p�osecute in its own name any action or proceedings,and shall also be entitled to make �
<br /> any compromise or settlement in connection with such taking or damage. in the event
<br /> an po�tion of the Property is so taken o�damaged, Lender shali have the option�It Its ��-
<br /> so e and absolute discretion,to apply all such Proceeds, after deductin therefrom all 8�-
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<br /> costs and expenses incuned by it in connection wlth such Proceeds, upon any indebt- ��•r .,�.�
<br /> edness secured hereby and in such order as Lender may detennine, or to apply all �-;�,�'
<br /> such Proceeds, after such deductions,to the restoration of the Property upon such
<br /> conditions as Lender may detennine. Any application of Proceeds to indebtedness � _
<br /> shall not extend or postpone the due date of any payments under the Note,or cure any r .._�
<br /> default thereunder or hereunder. Any unapplied funds shall be paid to Trusto�. '� '
<br /> �:
<br /> 8. Performance,j�v Lender. Upon the occurrence of an Event of Default here-
<br /> , under, or if any act is taken or legal proceeding commenced,which materielly affects
<br /> Lende�'s interest in the Property, Lender may in its own discretion,but wlthout obliga-
<br /> � tion to do so, and wiYhout notice to or demand upon Trustor and without releasing
<br /> Tntstor from any obligation,do any act which Trustor has agreed but fails to do and
<br /> may aiso do any other act it deems necessary to protect the security hereof. Trustor
<br /> shall, immediately upon demand therefor by Lender, pay to Lender all costs and
<br /> � expe�ises incurred and sums expended by Lender in connection with the exercise by
<br /> i Lender of the foregoing rights,together with mterest thereon at the default rate p�ovided
<br /> in the Note,which shall be added to the indebtedness secured hereby. Lender shall
<br /> not incur any liability because of anything it may do or omit to do hereunder.
<br /> 9. Nazardous Materials. Trustor shali keep the Property in compliance with aii
<br /> � applicable laws, ordinances and regulations relating to industrial hygiene or environ-
<br /> mental protection(collectively referred to herein as"Environmental Laws"). Trustor
<br /> shall keep the Property free from all substances deemed to be hazardous or toxic under
<br /> any Environmentai Laws(collectively referred to herein as"Hazardous Materials").
<br /> t Trustor hereby warrants and represents to Lender that,to Trustor's knowledge,there
<br /> are no Hazardous Materials on or under the Property. Trustor hereby agrees ta
<br /> indemnify and hold harmless Lender,their employees and agents,and any successors
<br /> to Lender's interest,from and against any a�d all claims, damages, losses and liabilities
<br /> arising in connection with the presence, use disposal or transport of any Hazardous
<br /> • Materials on, under,from or about the Property. THE FOREGOING WARRANTIES
<br /> � AND REPRESENTATION, AND TRUSTOR'S OBLIGATIONS PURSUANT TO THE
<br /> FOREGOING INDEMNITY,SHALL SURVIVE RECONVEYANCE OF THIS DEED OF
<br /> s � TRUST.
<br /> �
<br /> 10. As�jynment of Rents. Trustor hereby assigns to Lender the rents, issues
<br /> ' and profits of the Property, provided that Trustor shall, untit th�occur�ence of an Event
<br /> . : of Defautt hereunder,have the rlght to collect and retain such rents, issues and profits
<br /> ;, as they become due and payabie. Upon the occunence of an Event of Default, Lender
<br /> � � may, either in person or by agent,with ar without bringing any action or proceedin�, or
<br /> � � by a receiver appointed by a court and without regard to the adequacy of its secunty,
<br /> ente�upon and take possession of the Property,or any part thereof, in its own n�me or
<br /> in the name of the Trustee,and do any acts which it deems necessary or desirable to
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