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<br /> " ' takan o►dem�ped,Lender ehetl heve tM option in ite eole end eDsoluts dboretion,to spply ep auah Proae�od�,�ttw 9eduoting thKdram ��..i,�,_:
<br /> all oostt and�xp�nser hautted by h in eonneation�vith�uoh Proocsds,upon�ny tndebtedn�ss eaound henbY er+Q!n Q�c.h��dra as -_��;�,_
<br /> _ • ,, Lendsr m�y dat�enh�,o�to�pply ep�ueh Proouedt,sfter euoh deduo4Eons,to the nstontf�on of th�PtopKt�r upan ouoM oondltiont n ::';;M1;��_-.
<br /> � '.. Landet may d�t�rmins.Any�ppilostbn of Proceed�to tndebt�dnos�cNsil�otc ext�nd o�postpcn�th�dd�det�of�n�paymmt�und�r �,,, ;;,;.�_:,��v.
<br /> th�Not�,or ourt�ny d�fauR thu�undu or h�reundu.My umpplFed fund��hatl b�pdd to Ttu�tor. �Y�;�'.'T_-�_;_,
<br /> 8.P�rformano�by L�ndoa Upon the ocauaanae of an Event of Oetsuft heteand�r, o� if any aat b t�k�n o�bge)ptoa�adhp . - ' ��•:-___,��
<br /> aoenmanoed whiol�m�terialty�N�ot�lande��interen in the Property,Lends►moy in it�own diroretion,but wfthout ab{Ipotbn ta do ao, ' . .�"�,-'"�,
<br /> � and wkhout notia�to or dNnu¢d upoa Tntnor and wlthout roteeainp Tn+etor from�ny obllpnlon,do�ny�ot whioh Trwtor hn�prod "'�''�x�j�`=--
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<br /> �� but fsila to do and msy Nao do any othm eot k deans neaeseery eo proteot the eeour(ty hereoR Trueto►al�ell,Ynmedistely upon dem�nd ==r;,:;'��--';,:.
<br /> there(or by Lendor,pay to Lender sQ ooat�and expenaee inwrced end�ms enponded by Lender(n oonneotlon wkh the exeraise by ' . '':',':;{°.���
<br /> Lender ot the to*apoinp tiphte,together with Mtereet thereon et the dotouk�ete pruvided In the Noto,whiol� chaii bo odded to dte - •-� , -� - �
<br /> indebtedneae eeeurod hereby.l.ender sheU not inour eny�lebilhy beeauae of anythinp h may do or omit to do haeunder.
<br /> 8.Harrdou�Mat�ir�.Tniatot ehell koep the Proparty in compNenae wkh alt appitoable kwe,ordinenoee end tayu�Mione�eietinp to .
<br /> Induetrlal hyptsne or snvironmcntot protaatlon tcollaotively refarrod to herein ee"Envlronmentel Lewe'). Truetor ehall kaep the PropsRy .,
<br /> t�ee trom e0 eubstanees deemed to be haurdous or toxlo under eny E�vironmentel Lewa(eolootively�e4eaed to herefn ae'Hesardeus ,
<br /> Meterdels').Ttus4or Q�ereby watranta and roprmaeTte to lender lh4t thote aob e�o Weze►dous Materiel on or undmr the Propetty.T�asioP '
<br /> � ha�ro�y egeeas ta in�oa�nity and hold heemlaes Lmnder, ite dlreet�ra,e�4Qiamqe.empbyees end apenta, aTd tmV sy+aaessove Yo lmnder'e '• � �
<br /> _ • i•reteeest.4com an2➢tt�ina4 any on�d ell el�ime. domepes,lo�a�a ev�d licibilhioe eriainp in conneotion wYth 4ho presenoe,uoo.dispoeai ot � '� °
<br /> tteneport af ciny Oieu+rdoue(WetFrimla on,under,feom or ohout thv Property.tHE FORF�iOIWO libAR�iA�44'IES AND REPRESEPlT61TIOPiS. -:':".�' . •
<br /> � AND TRUSTOR'S O�LIOA710NS PURSUANT TO THE FORE�OIAS¢i INDEMNITY.SHAU.SURVIVE RECOWVEYANCE OF Ty1S OEEO OF ""<'`. . • ,
<br /> "''' TRUST. .. ,
<br /> ,�����";;�,;: 10.Awipnr.-�ent of Ru�ta.Truaton c�roby aaoiyno to Lesndet the rersts.iss�iae m+d pmfite ot the PropertY:Provtded that Ttuetor shafl, ',:.. _ '..,. •'�_��-�
<br /> :;;`�.�s ';���;,�ti r<< untl the occurcence of an Event of Defauft hereundet,heve the right to collect and retain s�acii�ente,iss�eae and profke es they become ' . �'''.;ie,�'
<br /> "� '• ��"� dloae and payebte. Upon the oceurronoe of an Event of Oafauk,lende�mey,ekher in pereon or by eyent,with or without brinpinp any `?i;� +t'� �-?�'•'.-
<br /> }'`"'�, ' c���"'i% actwn or proceadin�, or by a reaeiver eppointed by e court end whhout regard to the ad0quaoy of its security, entor upon and take ' - � "
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<br /> • ;;,. .. poaseseion of the Property, or enq part thereof, h ite owo nama ar in a3�e name of the Truetee,and do eny nate whtoh k deeme , •_a .� ..t:..;;�• "
<br /> '�����'�•�� neoeseary or deeirebte 4o preserve the value,�nort<etebility or rentability ot the�roperty,or any pert tharooE or inteteat thetdn,inwease �� , � ,,;,s:�:. •
<br /> � l���;;,;` the income thereffrom or proteat the securhy hereof and,with or without ta0cinp aosseasion of the Propar3v.sue for or otherwise oolloct . ; :���:"-`'�
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<br /> • ' .� the rents,tsauee end profhe thereof,inoludrt�g thoae peat due and unpaid,and apply 4he eame,feae aosts end expenses of operetion an� t�!;` {. , ,.,�,t�.-;;.�.,.,., =_
<br /> � ooUeotfon includin ettomeys'Peaa,upon eny fndebtednesa emcured hereby,etl in euch ordat ae Lender may deterrt►ine.The ente�inp upon t;="`•;.+' - ' !ti't;;�_' •_ , .
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<br /> end teklnp posaeaeion of!ha Pro�arty, the coliectton of euch rmts,isaues and profits and the appliaetion thereof ee aforesaid,shnll not „i.� �1 �
<br /> curo or weive any defeult or not�ce of defauh hmrounder or irivaCdete any aet done in responae to eucfi detfeuk or pursuent to euoh notice •. : -,�tnr{�f�',
<br /> �� of defeuft end,notwithatanding the continuence En possession of the Property o�tfie collectdon,aeceipt and eDO�;�tion of rente,issuea or '` ?-i�:N`'•-•
<br /> profite,end Truatee end Lender sheli be entitied to exeroise eve right provr�ded fo� in any of the Loar�lnettumente or by lew upo� � � �s ti�`''?':.';�.
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<br /> occurrenoe of env Event of Oefeuk, inotudinp without limitotion tfie right tu exerciae the power of aeYe.further, Lendet'a icghta and ,•;�*?,+u .'i:
<br /> remedies under thia peragrqph shell be aumutative with, end iti no wey a limketion on,Lender's tdghte end remedias unbet eny j' "— - ���1 f.;:
<br /> • eseignment ot leeees and renta recorded againat the Prope►4�.tetidm,Truetee and the txeiver shelt be liabte to excunt onty for thoam � 'x�-
<br /> r+;� ,d �;`.�,
<br /> �ente aotuelly receFred. ��'L�:�� �
<br /> i t.Events o8 00f�uit.The followinp shell oonstitute an Evant of Defauli under this Oeed ot Ttuat: �;;'.':y;�;� '��
<br /> JIe)Feilure to pey eny instetlment of prinaipa�or interest of eny other aum eacured hereby when du�; , ��'��t� ;
<br /> � (b)A b r e a c h o f o r d e f e u R u n d e r e n y p r o vision oonteinad in the Note,thie Deed of T�ust,eny of tha loan Inetruments,o►eny ����'
<br /> I other lian or encumbrance upon the Property; • ��,�(
<br /> I (o)A writ of execution or atteehment or eny similer proceee ehell be enteted against T�uetor which ehell beoome a�fen on the a �
<br /> Property or any portion thereof or interest therein; ,R�
<br /> (d)Thare ehell be tiled by or ageinat Trustor or Borcower an action under eny present w future federal,stete or othst stetue,lew �/'�'�
<br /> o►repuletbn releting to bankruptoy, inaolvency or other reiiaf tor debtors;or there sheil be sppointed eny truetee, ►eaehrer or �S
<br /> liquidetor of Tmstor or BoROwer or of eli or eny pa►t of the Porperty,or the rents,isaues a protite thereof,or Truator or Borcower
<br /> shall make eny yenerel eseignment for the benafit ot creditore; �
<br /> te)The sele,tranefer,leese,eaeignment,conveyence or furiher encumbrence of all or any pan of or any intoreat in the Property,
<br /> eithe►volunterHy or involunterity,�+rkhout the express written consent of Lender;provided thet 7ruetor ehell be pertnitted to execute i �� �
<br /> e lease ot the Property thet does not contein an option to purohase and tfie tertn of which does not exceed one year; ! �r'�"' � �
<br /> (f) Abendonment oi the Property;or �
<br /> (q)If 7►uetor is not en individuel,the iesuence, sale,trenefer,essignma�t, conveyance or encumbvance of more then a total � �
<br /> of N/n percant oi(if e corporetionl its issued a�d outstendinp stoch o�(if a partnership) a totat oB N/A percent of �,�;;.:.
<br /> I partnetehip interests during the period this Deed of Trust remains a lien on!he Property. � �.
<br /> 12.Remediee;Aeoeletation Upon Deteuh.In the event oi anv �vent ot'Oefauk Lender may, without rootice except es roquired by law,
<br /> � deolare e�l indebtednese secured hereby to be due and payabla end the 9eme shall thereupon become due and payable without any -
<br /> presentment,demend,pratest o�notice ot any kind.7hereaf te�Lender may: ; '
<br /> . ta)Demend thet Trustee exeroiee the POWER OF SALE gronted he�am, end Trustee shatl theiraafter cause Tnistor'a 'v�t�r�at
<br /> in the Prope►ty to be aold and the proceeds to be distributed,elI in the menner providad in the Nebree0ca T�ust Deeds 6�ct; . ,
<br /> �''�,� (b)F�teraiae eny a�d all riphts provided tor in any of the Loan Insttuments or by lew upo►� oxurenee o4 any Event oP
<br /> '''�• i Oefeuk;end .
<br /> � i (c1 Commence an ection to foreclose this Deed of Truet es e mortgege, appoint e receiver,or specifically enforce any o4!ho .
<br /> covet�ents hereof.
<br /> No remedy hereir conferred upon or reservod to Trustee or Lender is intendad to be exc�uaive of any o+shar remedy herein, in the lo��
<br /> ;_' Inatruments or by Iaw provided or pertnited,but eech shaU ba wmuletive,shall be in eddition to avery m�thor�emedy given hereu�de^,in
<br /> ` 4ho loen Instrurtoents or now or hereaftar axisting at lew or in equity or by stetute,and mr�y be exercise�eoncurrere4[y,intle¢enden¢Iq ot
<br /> r -
<br /> � successively.
<br /> .. 13. Yruatea_The Trustoe rr.ey resig�et eny time wahaut ceuso,and Lender may at eny t�me end v�6thout causo appomt a suecossor
<br /> • or su6stihtto 4w,stee.Trustee ehell not belieble to eny party,mcludirtg v.ethout limitetion LenCer.�arcower,Trustot or any purch��t of
<br /> ; � the Property,fmv any bss or damege unless due to reciclesa or wiliful mi9conduct, and shaQ rtot� required to take any aeti�an in
<br /> eonnection with the enforeement of this Oead of Trust unless indemnrf�ed,m wrRing,for alI costs,comp�ensatio�or expenses whicA inay
<br /> fse nssociatec therewith.In adoition,i nsstee may beeamQ a purcheser at eny set8 ot the M�opeKy Ilud�aal or under the powor of sato
<br /> Qrented hereut):postpone tho sa�e of ell or any portan of tho Property,as provided by law; or sell the Property es a whole,or in sapsreto
<br /> pareels or lots at Trustee'e discretion.
<br /> 14.fws art�ExpensM.In the event Trustee sells the Proparty by exercise of power of seb, 7rugteo snall be entitled to epply any sale
<br /> � proceeds firet Yo pnyment of eII coate ertd eapctnses ot exerc�sng power ot sete,�nctuamg a�t rustae s Taes,and i.onuer'a�d Truaioo'e
<br /> mttomodn Pas,Aetuetly incuned to exter�t pcermitted by epplicable Inw.In the event Borrower or Trustor exercises any right provided by
<br /> �aw to euro an Event of DefouR, Lender shall be ent�tled to recover from Trustor elt aosta end expensos ectually incurced es a resuh of
<br /> � T�ustor'e defwk,nctudinQ without Iimiteta�alI Trustae's end ettomey's fees,to the extent pennittod Ey eppl�cab�e Iaw.
<br /> 1 S.Futun Adv�neN.Upon�equest of Bonower.Lander mey,et ita option,make edditional end future advences and readvences to
<br /> Bonower.Sueh advences and readvances, with interest ihoreon, shaU bo securod by this Docrd of Trust.At no time sha�I the princ�pel
<br /> ' amount of tho indebtedness secured by th�s Oeed of Trust,not includmg suma edvanced to protxt the secvrity of this Doed of Trust,
<br /> exoeed tho original principel amount stetctd herein,or S 410,000.00,whichever is greater.
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