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<br /> - • ° LendertoDr��W�ssecuriryoftheNote;(clthePo+�A��cectallcoYenantsersAagreementsattrustorsettorthheretm.and(d)aL! .� :� 4 f."=
<br /> , ` � � p�e�Erri snd tutu�e inn�btedwflethe�r a isiag by^oi�8�ua�ntY�overd it or om ithe��tse.Tha[1ot�this Oeed o Trust and�any�i� . � .-s
<br /> " absotute or conU ge � f L ��
<br /> '� � otRetdccuentathatsecurethet�iateototherwiso�xecutedinconnectlontt�erewith,tnc[udtrtgwithpiRUmfffitfonguaraniees.securlH • , ��,;,.,�
<br /> -�• � �. : . • � egresmenls and essignmer�04 leases and reMs.s h a U be r e terc e Q t a h e r eln a s tho t'Loan tnsbvmenb°. :
<br /> � , tnsstot eovenants 8nd egreaa with LenQer as foliow� ��`` ��`.
<br />- • c ' � p�y��Z a}���ptadns�.A111ndebtadness secure�hereby shali be paid when dua �-�
<br /> � 2 T t B�Trus t or is t t ta o w rt e r o f i h e P�o G e t t y.h a s t�e r t ght and autt�odty to convey the Properiy.and war►ar►fs that fhe Iten
<br /> _ � :_�_ _.�.- _,. created hereby ia a first and prtor lien on the Property,except tar Ilens aad encumbrances set terth DY Y r u s t or fn w r i U ng a n d , .�f•
<br /> -_ "- � d8liveredtotendarbatoreexacuHrsr+afthis�esdclTn'st.andtheoxecuticnanddetiveryofthtsCeedofTrustdoesnotviolateariy � r "
<br /> Coatract or other ol�ligation to which Tn�4LOr is subj�ct . � �
<br />-- -- • 3.TaxN,�HS�+Mnta.To pay Dator�Qetinquency all texes,sP�i���merns�rtd ail at�ercharges agalnstthe PrepeK3f . . ,.:�;.
<br /> � '• - � rtow or hereafter tevted. �:�,
<br /> �'� 4. fnsuaee�.tokespthaPropeRylnsuredagainstdamagebyfire,har$rdstncludedwithintheterm"extendedcoverage".srtd ;.
<br />- . .. • . sueh otha•hazarQs as t.ender may requ(re.in amounts and with companFes acceptabie to i.ender,eaming Lender es en aQdttionat ; F . :., .. '_,.�`__ r.
<br /> � � named tnsured,witn loss Pallabte t�►trie Lendsr.in case of loss under such polictes,the Lende:is authcdzed to adjust Cottect and. _ ._:..,i.:.
<br /> ' � " campromise.allctaimsthereunderandshalihavetheop�onotapptyingailorpartoftheinsurartceproeeedsn4oanyindebfledness Y.;. : *,��,
<br /> � � securedherebyandinsuchorderasLendermaydetermirte,(i�totheTrustortobeusedfortherepalrorresioratlon.ofthePraperly . �
<br /> , " or(it�branyotherpurposeorobjectsatistactorytoLenderwithoutaffectingtheL�enotthisOeedotTrusttorlheW►lamountsecured :; y`'��:
<br /> � ' hereby before auch payment En►er took piace.My aPP�ication of procesds to tndebtedness shall not extend or postpona t�e due .;:_��„ '
<br /> � � � date ot any Paymen�under the Not�,or cure any detault thereunder or hereunder. , -:-% �'L�
<br /> 5. �se�ow.tlpon writien demas�d by La�der.Trustor shail pay to Lender.in such manner as Lender may designate�sutticEent � _ _
<br /> ` sums4oenabtetenderwpayastheybecomeQueoneormoreottAetoflowing(�alttaxes.assessmemsendotherchargessgatnst '',.�1; :�_
<br /> � � . . the PropeRY,C��e PTemiums on the properly insurance required hereunder.and(ii�the premiuma on anY mortgage insurance ,_.�����
<br /> . • ' requtred by Lender. ,::-_—�-_—
<br /> � 6. H�(ntenana�R�patrs and Complioncs wtth Lew�.Trustor shall ke�p tt►e Property in good conditIon ertd repair.shaU "'��� ___'
<br /> . '„ �:
<br /> - � � ,• �•. promptiy repair.or repface any irs�provement which may de damaged or destroyed:ahatl rtot commit or permit any�i n� r}�.� -
<br /> - • de�tipt�tioTrof-�e-Property;shalit�otremove.-demolish.or_subsffirtUailyatterany.aftheimpravementsonfhePropetry: - -.--- •..`,��.
<br /> commit,sufier or peRnit any act to be done in or upon the PropeRy in vtotatlon of any law,ordinance.�or negutalf6n.`�rnishati pay artd-� � �
<br /> , � � � promptfy discharge 8t Trustor'e east and expense sil lien�,encumbranc�5 artd charges levied,impcsed or assessad aganst ttte __�_ �__
<br /> • � Fraperiy or any part thereoi. � ---
<br /> �;' 7. Fminen!Domaln.Lender is hereby assigned ail compensation,awards,Qamages and other payment$or retief(hereinaft6r _
<br /> °Praceeds'� in connection with condemn�tfon or other taking af tha Property or part thereof,or for conveyance in Iteu o! _
<br />- � condemnatlon. LenQer shall be entitted at its opdon to commen�a appear tn and prosecute+n it9 awn-name any action.or , _
<br /> ; �. pruceedinga.and shall aiso be enUiled tfl make any comprom(se or setttement in connecUon with such taking or damage.In t�e
<br /> ` � evert any port[on otthe Property is so taken or damaged,Lender ahatl hava the option,in its sote and absotuta d(scretto�►.to appty . .;� .•�-�
<br /> � ail such ProceeQs.efter Qeductlng theretrom at!costa and expenses incurred by it in connectlon with such Proceeds,upon any
<br />- indebtedness seeured hereby and in sueh ordc-r a�l.ender may determine,or to appty aU such Proeesds.after sueh dedaCtlons,to
<br /> � � the restaratlon of tde Property upon such condifians as l.ender may Cetermina Any applicaUon af Proceeds ta indebtedneas ahatl
<br /> � • not extertd or postpone the due date of any payments under the Note,or cure any defauR thereunder or hereunder.Any unapplied
<br /> ' tunds shall be paid to Trustor. �
<br /> � 8. OedorrRanes by Lender.Upon the occuRence of an Event ot�etau(t hereunder,or ii any act is taken ar Ic3ga1 proceeding , �
<br /> • � commenCed which materialiy atteCts Lendera interest In the Property,Lender may in its own CiscreUan,butwithoutobligationto do , .�. . _ +�,_:
<br /> - - -�" -- � "" so,Bnd w(lhout noUce to or demand upon Truator artd without releaslrtg Trustor iram any obliga6on,do any act which Ttustnr has .�c�t
<br /> � � • agreed but fafls to do and may atso do any oMer act it deems necessary to protect the securlty hereoi.Trustor shail.immediatety .:�; . � ., �
<br /> � upon demand theretor by Lender,pay to Lender sil costs and expenses incurred and aums expended by Lender in connecdon wlth
<br /> ' the exercise by Lender of the toregoing rtghts,together with interest thereon atthe detautt rate provided in the Note,wh'.ch shall be ..��'
<br /> . • . adQe�!to the indebte�ness secured hereby.Lender shail not incur any Ifabitiry because o!anyfhing it may do or omi!to do : .;�
<br />- ,. ' hereunder. � �
<br /> � ' 9. Huerdous 8flateriats.Trustor shail keep the Property in compliance with all appliCable Iaws.ordinances and regutations ;•� ��,y s.
<br /> � ' s-�
<br />-,,�. � ' retaUng to tndustrial hygfene or environment2t Frotection(coilectively reteRed to herein e9"Epvironmer.�l Laws'�.Troator shall _ �_, ,�,_
<br /> keepthe P►opeRytree trom a11 substances dee:tred to ba hazardous or toxic under any Environmental laws(coilecUvety referred to
<br /> ' hereln as"Hazardous Materiais'7•Trustor hereby warrants artd representa to Lender that there are oo Hazardous M2tpiafs on or ��� �..-�
<br /> � . " undertheProperty.Trustorherc-�.yagreestoinQemnityand3�aldharmtessLender.itsdirectcrs,offieers,emptoyeesand�3ents.and •'' "°�
<br /> � ' � any successors ta Lenders ir.t�mst.from artd�,r1instany and all claims,damages.lossc��nd liabilities arising THE FO EQOI G � ' `
<br /> � ' the piesence,us��isAosal or transport ot�any Hazardous Materiais on,under,trom or about the Property. f
<br /> �� WARRIWTIES M1�RfPRESENTATtONS,AND TRUSTOIi'S OBLICiATtONS PUASUANT TO THE FOREQOI�i(31NDEMNITY,SHALL . ,. �
<br /> � SURVNE RECON1fEYANCE QF THIS DEED OF TRUST. ,'
<br /> , � . tp,AssJgnntoM of Rents.T�:stor hereby 88signa to Lender the rents,issues and profits o1 the Property;provided that Truator ���'�t�
<br /> � � shali.unUl the occurrence oi 2n E+rentol Default hereunder,have the rightto collect and rEtain such rents.issue9 and pr�flts a9 they
<br /> � ; � � . become due and�ayable.Upart the occurrence of an Event ot DefaulL Lende i„���d to the adequacy of its s cudry,ienter ,w. - .•��,�!r
<br /> • • . bdnging any a c ti an or p r o c e e d i n g,o r b y a r e c e i v e r e p p o i n t e b b y e c o u A a n d w t o q • "�^"
<br /> � t
<br />_ ' � • , � � upon and take posses9ion of the Property,cr a�r�part thereol,in its own nsme oNn the name ot the Trustee,and do arry a c t s w h ic b i t ��'
<br /> ' deems necessaryor deslrabieto preservethevalue,marketabHlty orrentability of the Property.ar any part thereof or interest tAerein,
<br /> � increase the Income thereirom or protect the securiry hereof and,with or withoat takirtg possess ion ot the Pro pe r t y.aue tor o► n �:;
<br /> � otherwise coltect the rents.issuss'and protlts thereol,ineluding those past due and unpaid.end epply the same,lers costs and
<br /> � expenses ot operaUon and collecUon inCtuding attomeys'tee9,upon any.in6ebtedness secured hereby,all in such erderas Lender �: �.
<br /> , ,. � " may determina The entedng upon and taking possession of the Property.the coltection ot such renis,issues ancl profits and the 4 .;
<br /> ' appficaUon thereof as aforesaid,shall not carv or waive any aetault or notice of detauit hereunCer or invatidate any act done in � �
<br /> response to such detauit or pursuantto suct�noUce ot default and.notwiths"anding the continuance in possession of the PropeRy or . .
<br /> "= � � tfie collectlon,receip!and appl3caUan of renL9,issues or proSits,and Trustee and Lender ahall be enUtted to exercise every rlght . :�
<br /> � . pc�vtded for in any o1 the Loan(nstrurrt�nts or by lavi upon occunenae oiany Eventof Detaui;inctuding without limitation the dght :.;�,�
<br /> � � � toexerclsethepowerolsate.Further,Lertder'srightsandremediesunderthisparagraphshallbecumulaUvewith.andinnowaya I �
<br /> .i � ' limitaflon on.Lender's�ights and remedies under anyassignment of tsases and rents recorded agalnstthe Property.Lender.T�ustee f � .:.�,�
<br /> � �..+�1
<br /> � � � � and the receiver shail be IiaLle,to aocount on t y for ihose renb eoNaliy received. �
<br /> � � � 11. Er�nb af Defaui6 The toltowing shait Constitute an Event ot Oefauit under this Oeed of Trust _
<br /> ' ' � (a)Faiture to pay any installment ot prinalpa!or interest of any other surn secured hereby when due: � ..:s !
<br /> �� (D)A breach o1 or default unQer any provision contained in tRe Note;this Qeed o1 Trust any otthe Loan tnstruments,or any , - �,
<br />- � � 1 � �. other Uen ot encum6rance upon the Property; � � � �"`
<br /> . � (c)AwritofexecuUonorattachmentaranysimllarproeeasEhallbeenteredagainstTrustor�v�ichshatibecomealienbn . �1
<br /> ' the Property or any por8on thereot or interest thereln:
<br /> _,�_ . . (d��here Shatl b9 fi(ed by or ageinat Trustor or Bonovrer 2in 8ction under any present or tutute tederal,stat9 or other . f
<br /> sffitutg,tew or reguta@on reiatlng io baniwptcy,insotvency or otfier retief tar Qabtors;or there shall be eppainted any Vuatee, � ; ;
<br /> - • • . receivar or IiQuidatorof Trustor or Borrower or o}all or any paR of the Property.orthe rents,issues or pro}Its thereof,or Trustor , . �
<br /> ' '` � or Borrower shall mahe any 8eneral ass!gnment tor the b�ertefit o!creditors; • .
<br /> • , � . (e)The sa►e,transter.lease.assignmen�corneyance or turthe►encumbrance of ail or any part of or any interest in tho •.
<br /> Properiy.either volun4arity or invoiuntarlty,wilhout the express writien consent of Lender. pravided that Trustor shail be
<br /> t � parmittedtoexecuteeteaseofthePropeRythatdoesnotcontatnanopUontopurchaseandthetermciwhichdoosnotexceed . « .
<br /> - • �• . �
<br />-- - -..:-- ,°-°�-_
<br /> oneyess; • -�-,- -.-. s.=- _
<br /> (�A6andonment of the Properry:or . `
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