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<br /> teken ot Gcttiepo ander chpll havo lha option in�to aolu nnd nbooluto di�crotion, to apply nil ouch Procoodn,after doduotinp thero}rom
<br /> - �II eoeti end mepenesa incv►�od by it in eonnention with r.uch Proceede, upon ony indobtednose eocured horaby end in euch order on „
<br /> " 6ender mny dotermine,ar lo epply oll nuch Droc¢ede,ofter euch doduotione,to the rostorntlon ol tho Proporty upmn eucfi nondi4+one ea
<br /> lendor mey detetmirte.Any epplicotion of Proceede to indobtcdnoso ohnll not oxtcnd or pontpono the duo dete o} ony poymonto ursdor ;
<br />' iha Note,or cure eny defsuit thereundn►or heraunder.Any uneppiied funda ehell be peid to Truetor. �; . �
<br /> " 8. Vsrlorrna�a�by l�rad�r. Upon iho occurranca ot an Evcnt of Dofoult horeund6r, or il nnV ect io tokon ur legdi proceedinp � e__
<br /> ' cornmenced whtch meterlelly elfoate Lender'o�nterost in ll�e Propn�ty,Lendar rney in ice or�n diacrc4fan,bue s�lthout oblipotfan to do.^.o, � __
<br /> �� �nd wlthoul notice to o►demend upon Trustor end without roleaoinp Truetor from eny oblipetlon,do eny oot whlch Truetn�hne eprned ,
<br /> but/eila to dn end mey eleo do eny othor eot it deeme�acosoe►y to protoat tha seaurity horoo}.Tru9tor ahell,immedlataty upon demand
<br /> thera}o►by Lendar, pay to Londar efl coate ond axpnnoes incurrod nnd oumn oxpondad by Landor in connoctlon with tho exerciae by ''.i
<br /> • Lender o} the(Qrepoinp ►Iphts, topether with intorest theraun at the dofault roto providod in tho Noto, which ehall be eddod to che , __
<br /> indebtedneai e4curod hereby.lendar ohell not Incur eny liebility beceuso of anythinp it rney do or omit to da hereunde►. �_,
<br /> 9.H�=etdou�M�t�ri�l�. Truotor ehell koep tha Proporty In complianoo with nll oppliouble lewe,ordinancaa und�opufatiann reletina to `r�_
<br /> induetrlal hyplsne a�cnvlronrncntcl protoction (oolleotively re}ortod to horain o�'Enviranmental Lowo"I. Trustor ehall kaep tho Property __
<br /> free from ell eubatnnces deemed to be hezerdoue or toxio undm any Environmontol Lowo lcolteotivoty rbforrod to horofn as 'Hazordous "--
<br /> Materiale"1. Trustor heroby wnrrante c+nd ►aproeanto to londor that thoro uro na fiozardou� Mntario!on or undat the Property. Truator q�--
<br /> hercby epraes to(ndemnify end hold hermleos Lendor, ite dirootore, officaro, omployoos nnd apanto, und any successore to Lender's � +> c's
<br /> intere�t,from end rpuinet eny and all claims, domnpas. loaeos rmd liebi�itiao orioinp in conneation v+ith tho prescnce, uoe,dieputiel or � , :'
<br /> t►nnsport oi any Hezerdoue Matorials on,undar,frsm or obout tho Proporty,THE FOREGOINO WARRANTIES AND RHPAESENTATIONS. ,: .'R
<br />' Afl1D TRUSTOR'S OBLIdATIONS PURSUANT TO THE FORE(301NC3 INDEMNITY,SHALL SURVIVE RECONVEYANCE OF Th11S OEED OF „ „t�„
<br /> • TRUST. ' �a,; '�.�:,
<br /> • • 10.A�dyn��ienQ o}RanIIO.Truston c�rcby a�9ipne to Lendar the rants,issues�nd profite of the Proporty:provided that Truator ahell, , -�:
<br /> u�til the occurrenco af c�n Evont ol Dotnult horoundor,hnva tho ripht to colloat ond retoin such ronte,i�auea end profite e�they becoma � ,,�.�_
<br /> due and payeble.Upon the occurre�co 01 en Evont of Dofnult,Londor may,oitho�in poreon or by apent, with or without krinpinp any i�. _
<br /> ectlon or procaodinq,or by e recoivor oppointod by o court ond without rcpard to tho ndoqunny of ito eacurity, ontat upan end taka —
<br /> � po�aeseion of tho Propmrty, or ony part thoroof, in ito own namo or in tho nnmo of tho Truatoo, end do any ento which it daome • f
<br /> neceaeery or deaireble to proserve tho valua,merkotability or rentability of tho Proporly,or eny pert thereof or interest therefn, increase .
<br /> tha incomo thereirom or protoot tho socurity hc�roof and,with or without tnkinp possossion oi tho Propoity,euo tor or othorwisv coltoct l ., �;;�-
<br /> the rents,issues a�d protite theraof,including thoso past due and unpaid,nnd opply the aumo,losa coste end axpenses of operetlon end I ,� ii°'`'
<br /> collection includinp ettorney9'foas,upon any indobtodnose sacurcd horoby,oll in euah ordor os Londot mey determine.The entering upon � _
<br /> and tekinp possesaion of tho Property, tha colleation o(euch ronta,iasuos ond p�o(its end the applioatlon thereof ea eforaseid, eholl nat `t. `3r�-
<br /> , cure or weive any defeult or notice of dofeult horoundor or invnlidoto any act done in►esponso to euch default ar pureuant to euch no2ico ! fa/f�
<br /> 07 defeu[t end,�otwithstendiny the conti�uanco in posaesoion of tho Proporty or tho collnction,rocoipt ond applicetion of rente,iasues or ��t`%
<br /> • prafita,enai Truatee end Londer ehell bo ontitfod to oxorciso nvory ripht providod for in ony of 4ho Loan Inetrumente or by law upon ,,,,.�'�'�
<br /> _ —_______ . __ „��,�rrenne af env Evnnt of Dofeult. includinp without limitntion tho ripht to oxorciso tho powm of �olo. Further, Lande►'e righte end -��' j�_
<br /> romediee undei this parepraph ehell be cumuletivo v�ith, and in no woy u limitetfon on, Lendei e riphte and remedies unaar eny ---�
<br /> � " eseipnment of leesos end rdnta recordad apainst tho Proporty.Londor,Truetoo and tho racoivo�ahnll bo lioble to eccount only fo►tho� '�yr+.?�'� :' ��
<br /> , rente eotually received. i� '!�' �
<br /> 11.Event�of Q�}wlt.Tho followin�ohell canetituto nn Evant of Dofoult undor this Dood of Truot: �
<br /> le) Feilure to pny any installmont of principal or intorost of ony othor sum sacu�od I�aro6y whcn dua: . �•y
<br /> ' (b) A breech of or dofeult under eny p►ovision contninod in tho Noto,this Deod u(Truet,ony of tho Laan Instrumante,or ony ,;�.
<br /> other(ien o�encu:nbrenco upon tha Proporty; y
<br /> (o) A writ of exocution or attachmont or any similor procoss shnll be ontorod npeinst Trustor which shall bocomo a lien on the ' ��
<br /> Property or eny portfon thetoof or intorest thrsroin; ' ��
<br /> ld)There ehnll be filesd by ar aflainst Truntor or 8orrowor an nction undo�any presont or futuro foderel,stete o►other etetue,law f , -�i
<br /> • or ropulation rolatinp to benkruptnV, inrsn►vanr.y or othor �olio} for debtors;or thoro shnll bo uppointnd ony crustee, roco�ver or I 1�•{
<br /> � liquidator of Truator or Boirowor or of all or ony pnrt of tho Porporty, or tho ronte,issuoa or profits tlio►oof,or Trustor or Borrowor �
<br /> shell mnke eny gonorol oasipnmont for tho bonafit of croditors; � �'
<br /> � (e)The sele,trensfer,lease,aseipnmont,convoyonco o�turthar encumbronca of alI or ony part of or nny interast in the Proporty, �
<br /> oithar voluntorily or involuntarily,without tho oxpross writton consont of Lendor;providod thot T'ruator sholl bo pormittod to oxecuto � ` ��
<br /> ' n looso of tha Proporty tF�ot doos not contain un option to purchoso and tho torm of which doos not oxcoad ono your; ,' i�'_
<br /> ��� . If) Abendonment of the Propo►ty;o� �
<br /> � fOD If TruOtor i9 not en individual,tho issuonca, aelo,trnnefor,nssipnmont, convovonce o�oncumbranco of more than n total .
<br /> •� � of N/A—pe►cMt of Gii a corpo►etion)ite issuod and outetnndinp etock or(if o partnorehip)n totol of H/A porcont of
<br /> • partnerehip intereste during the poriod thie Oood of Truet romnme n lion on tho Propmty. � ��'�-
<br /> 12.R�m�dl�r.Accef�rellon Upon Deteult.In the evont of any f.vont o(Dofeult Londor may,without notico uxcopt ns roquirod by low. ' �, .
<br /> declere eII Indebtedneae eecured heroby to bo duo ond paynblo end tho samo shn1l thoroupon bocomo duo end poynbto without nny , �
<br /> i � � prosantmont,domand,ptotest or notice of eny kind.Thoroaftor londor moy: ����
<br /> (e)Demand thet Trusteo oxorciso tho POWER OF SALE prnntod horoin, ond Trustoo ahall thoreBftor cnuso Tiustor's intorost �'
<br /> in the Property to be so3d end tho procoods to bo diatributod,all in tho manno►providod in tho IVobrosko Trust Ooods Aot: �`• ,. �
<br /> . (b)Exerclae eny end ell riflhte provided for in nny of tho Loen Inntrumonte or by Inw upon occuronce of ony Event of � ' +� ,
<br /> Defeult;end • ' -
<br /> ic)Commence en aotion to forocloao thi3 Doad of Truet os o mort�npo, oppoint o racoivor,or spocifically ontorca eny of tho
<br /> . • covanente hereof. .
<br /> No romady herein conf�rred upon or roservad to T�uotoo or Londor is intondod to bu axclueivo of nny othor vomady haroin, in tho Loan ,
<br /> Inetrumer.te or by law prov:dod or pormitod,but oach shall bo cumulotivo,shell ba in nddition to ovory othor romcsdY p��on horoundor,in .-
<br /> • the Loen Instruments or now or horenftor oxiating at law or in oquity or by etotuto,ond moy bo oxorcisod coneur►ontly,indopendontly or ,
<br /> � eucceeeivety.
<br /> � 13. Teua4��.The Truetee may rosipn at any time without causo,ond lundor may ot any time e�d without caueo eppoint a succoseor
<br /> or aubetitute Truetee.T►uetee ehall not be lieble to eny party,including without limitation Londer,Borrower,Truetor or eny purcheser of
<br /> the Property, Por eny fose or demege unlese due to reckle�e or willtu�mi�conduet, end ohell not be roquirod to tok�� any outiun in
<br /> connootio�with the enforcemont of this Docd of Truot unlosa indamnifiad,in wiitinp,for oll coote,compenention or oxpanoo�which may
<br /> bo esaocfated therowith.In eddition, Truoteo moy bocomo o purchnsor at any solo of tho Proporty I�udiciol or undor tho powor of solo
<br /> prented hare(n1:poatpone ihe eete o}ell o�eny portlon of the Proporty.ae provided by Iaw:or eell tha Propo►ty ea e wholo,o►in oeperato `
<br /> parcel�or loto et Truetoe'e diecretion. '
<br /> 14.Fe���nd Eap�na�_In tho ovunt Trustoo so11s tho Proporty by oxorcfso of powor of aolo,Truntoo ahell bo antitlod to cpply ony salo �
<br />_--.._ _ . . . . • • � • „__ _���_._.__�_�__. J 1�J��_ �J T�.����. ,.
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<br /> , procoeda flrat to paymont ot en coa[B ena oapanse3 0�o7[arcmm{�pvvro�v�°a�o, o�::+.+��re o�. ���o.w o.�, a�� �a.�a o o..� ..�-.--_ _-
<br /> '� ottomey'e}eea,eatuelly incurrod to oxtent pormitted by opplicnblo lo�v. In tho ovtnt Borrowor or Ttustor oxorcise9 any ripht providod by
<br /> lew to cure an Evenl of Deteult,Londor ohall bo cntitlad to rocovor f�om Trustor oll costs ond oxpan�a� eotuolly incurred es e rosult o� ,
<br /> Tnietoi e dafeult,includinp without Iimiteiion ell Truetoe'o ond attornoy'o loos,to tho oxtont pormittod by epplicehlo low.
<br /> 16.Future P.dveice�.Upon roquo�t of Borrowor. Londo�mav.�t ito option, moko odditionol ond futura advancos ond roodvnnccs to
<br /> Qorrower.Such advance�and rendv�nces, with mtorest thoreon. shn11 bo eocurod by thi�Dood of Trust.At no timo chnll t��o principu)
<br /> nmowit of the fndebted�eaa eocurad by thi�Oeod ol Tnrot,not �ncludinp s�ems edvancod to protoct tho oocurity ol thi� Daod of Trunt,
<br /> �, excead lhe oripinel principef a�nount otatod heroin,or 3 50.00,�vhichovor i�proeter.
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