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<br /> � , , Lendert�VeotedtthesecurityoftheNote.(e)thePer�armanceotallcovenaMeandagre�:nentsafTrustorsettortlst►aretn:and{�at� �. � ,. �
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<br /> - , • . ` p�pt 8�ss{uture indsbtedness and obitgationa of Borro�rer(or any of them if mme Man one)ta t ender whether d�indirect _ .. �. .,
<br /> ` : ` ' . .� ahsaWte ar conUngartt artd�hetAar arising Dy note.Suaraniy.cverdraft or otherwis�The Hote:�t�De�d of Truat and any ar�d ali .� , __
<br /> `�� ott�erdacuent»that secure4he IVoie or otherwiss executed in connectJen tharowith,tncluding withaut Umitatlon guararrtees.seGUdiy ,�...,' ., • .
<br /> ,� , , . agreements and assigrrments of[eases and renis,sha11 be r�ferred tar heretn es the"Loan tnsgvmants". - , , f .
<br /> � Trustar covenants and egrees w�A lender as follows ,
<br /> ' t. ��t�q��.All indebtedness secured hereby sha0 be pa[d,when d�e. • . .
<br /> ' ' ' �.�t�.ftustor t9 ths owner of the P�operty.has th9 N9ht and auth�rity to convay the Prop��ty.and v+►artanLs that the lien _
<br /> , . , � ,,,� cteffiad hereby is a first arid prior lien on the P�pertyr.except for liens and encumbrences set torth by Trustor in wrftlng and `�, .
<br /> -- �y�.�-: ,� dativered to lend9r before executtan of thia Oeed ot Truat,and tha executiort and deliver�r of this Oeed of Trust does not viotote any �=: - .
<br /> � - cnntract or other obiigation ta which 1Yustor is subject ������Q�er charges�gain;�the ProP6Kll , � -
<br /> ` � 3.Ta�.Ass�ss�nia To pay before defirtquency sil tsxes.sDecta2 . . --- .
<br /> . , � . novr or hereaftet tsvied. � . ,`• . _ °
<br /> ' ' • � 4,���u�o.To tceep the Proparly insured againatdamage by fire.hazarda inct�ded within the tertn"extanded c�uerage°.and ✓ ,
<br /> such other hazar+ds�s Lendar rt�ay�equire,in amounts and with companfes acceptable to Lend�r.naming Lendar as an addit€anal
<br />. . _; . - - � named insu[ed.wi4h loss payta6le to th@ Lertder.ln casa o}toss under sucti polfcies.the l.ender is authorized to adjus!colteci artd � - - . , -:
<br /> �� �, � , cumpromise.alictaimsthareunderandshallhavetheoptlonofapptyingallorpartoftheinsurancepraceeds(�toanyindebtedness � . . _
<br /> � secured hereby�d in such order as Lender may defertnine.(1�to the Trostor to be used tor the repatr or restCratton af the Properly ,: .`,�•
<br /> � & � � • orQi)foranyotherpurposeorobjectsatisiactorytoLenderwithoutaHscUngtfleHenofthigD@edoiTrustfarthetullamaur�tsecured
<br /> ' � ' •,.� he�eby befare such paYrtrer�t evor took place.Any apptication ot proc$eds t�indebtedness sha8 nat extend or posipone the due f ,;', _
<br /> ' daLe af any payments u�der the IYote,or cure any default thereunder or hereunder.
<br /> . .t� �.• ` S.Eacrow.tJRun writtert demand by Lender.Trustor shait pay to Lendar.in sucb manner as Lender may designate.sufScien� , :' . .
<br /> sumstoenabteLendertopayasthsYbecomedueoneorrt�orecfthefottowing:{f�afifaxes,assessmentsandotherchargesaeainst ' . .. �
<br /> �� .� ' . • . . ` ' the praperty,@)the premtums on the properiy insurance requ ir e d hereun d er,a n d(i t i)t h e p r e m i u m s o n a n y m o r t g a g e i n s u r a n c e .� _
<br /> :�,�, � � required by I.ender. . '• . ..
<br /> � 8:MatM*nane��Repatrs and Comptianee witA Lex►a.Trustor shafl keep the PropeAy in good cond(tIOn artd repair.shali • ��.. ,., •:
<br /> ��� '"'' ' PraIPA�Y �A�r,or rep(ace ar�y imprwement which may be damaged or destroyed:shatl not commit or permit any wasie ar . . ,
<br /> '� ,•; - .
<br /> � detertoratian ot the PropertY shail not remove,demolish or substantialty atter any of fhe improvemenffi on the Property:shall not
<br /> • �� � '� '- sutfar or ermit anY actta bedone in or upon the Property in viotation of any law.ordinartce.or reguiation:and shali pay snd _ _� �
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<br /> ... ...,.� �`,
<br /> prompUy discharge atTntsfo�s c69[8nif-�scpens�atPiiens.-encumbrances�and chargesJevled.lmposed oxas�essed against the,- „ - -.-- ----,. . .��-
<br /> �� � G'' • Property or any part thereof.
<br /> �.E . . 7. Eminmt Qamatn.I.ender is hereby ass'sgned atl compensaUOn,award9,damages and other payments or relIei(hereinaft8r ;'� �^����_
<br /> "praceeds"j in connectton with condemnation or other ffik(ng of the PropeRy or paR thereof, or for conveyance in Ileu ot ..,y,,.,__
<br /> �* , , � � . . cQndemnaBon.Lender sha�l be enUtted at its optian to commence.apPear in and prosecute in its own name any actlon or , ;_.,�,�
<br /> - -- �-•� prucesdings,and shaft etso be entiUed to ma{ce any compr.omise or.settlemeM iaeonnection wiih sucb taking or damag�In the � '
<br /> • • event any porUon of the Property is so taken or damaged,Lender sliall have the option,in its aoIe and atisolute�discreUon,to appty �� .�.,
<br /> °••i . . � all such Proceeds,afte�deducting therefrom all costs and expenses incurred.by it in connection witt�such ProceeQs.upan any `,y_� ,
<br /> ' indebtedness secured hereby and in such order as Lender may determinB,or to apply ali such Proceeds,atter surfi detluctions,to � :�.: .,.
<br /> the restara�on ot the Proporty upan sucb conditions as Lender may determine.Any applicatlon ot Proceeds to indebtedness shall
<br /> � � • ��.� �:�-� not extend or pos�one the due date of any payments under the Note,or cure any detauit thereunder or hereunder_My unapplied _. , .����.
<br /> '� • fun ds s h a l l be p a i d t o T r u s t o r.
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<br /> 8.PeRortnance by Lender.Upon the occunence of an Event of Defau(t hereunder,or ii any act is takeri or tegai procee d ing �,�
<br /> commenced which materialiy aftec�s LenEePs interestin t6�e PropeRy,Lender may in its own discretion,but without obligaUon to do • :;; .• :
<br /> � � so,and without noUce to or demand upon 7rustnr and without relsasing Tn�stor trom any obtiga�on,do any act which Trustor has ' #�
<br /> ' � agreed but faits to Qo and may atso do any other ect it deems necessary to protect the secuNry hereof.Trustor shall,immediatety � iy-�, .F
<br /> ' upon demand there[or by Lender,pay to Lender all costs and expenses incurred a�d sums eapended by Lender in connecUon with P__�.:__. . _ _
<br /> • ' the exercise by Lender of the foregoing righis,�together with interest thereon at the detault fate provided in the Note,which shall be t .
<br /> , adde�to the indebtedness secured hereby. Lender shail not incur any liabfliry because of anything it may do or omit to do i ,. �. .,,,
<br /> � ` hereunder. ��"�•�`•
<br /> ' � 9.Ha:ardoas Mater[at�.Trustor shail keep the Propeny in comptiance with sil appllcable laws,ordinances and regutations yc
<br /> :•�. .
<br /> • retating to industrial hygiena oo environmental protection(colfectivety refer�ed to herein es"Enviranmental Lews'�.Trustor shaii ` �•'
<br /> � ' • � keep the.Property Bee ham al l substances deerned to be hazardous or toxic under any Environmantal I.aws(collective►y refened to k . . . , .
<br /> " - • � herein as"Hazardoua Materiats'?.Trustor hareby warranta and representa to Lender that there are no Hazardous Matedals on ot � .
<br /> '' under the Property.Trustor hereby agreesto indemnity and hold harmless Lender,itsdirectors,officers,employees and agents.and �
<br /> � any successprs to Lender's interest from and against any and att ctalms.damages.losses and Iiabilitles arfsing in connecUon with . _
<br /> - � . ' the presence,uae;disposal or transAoR o�'8 TR STQR'SOBU(iATIONSPURSUrANTTO HE OREGOI�dINDEMNITY.SHALL � � � '
<br /> ; - . . WpFiRANTIES/WDREPRESENTATtONS.MID U � „
<br /> � SURVNE RECONVEYMlCE OF THIS DEED OF TRUS7. . � ��'" •
<br /> • 10. Autsnm�at of Renb.Trustor hereby assigns to Lender the rents,issues and profits of the Property;provide0 that Trustor ( . - .
<br />_ � ,� • - .�. shali,until the occunence of an Event of Default hereunder,have the rightto collect and retain such rents,issues and proflis asthey E „
<br /> � �� . . .. ._ _____, become due and payable.Upon the occurrence oi an Event of Default,Lender may,either in person or by agent,witA or without i.
<br /> ' bringing any action or proceeding,ar by a receiver appointed by a court and without regard to the adequacy ot its securlry.enter f
<br /> , ��� � . � upon and tatce possesslon o1 the Property.or any part thereot,in ib own name or in the name of the Trustee,and do any aFts whlch i! ,
<br /> - � deoms necessary or desirabteto presenrethe vatue.markeffibility or rentaDility ot tho Property,or any paRthereof or interest therein.
<br /> - • � • (nCreas�the inCOme theretrom or protect the security hereof and,with or�vithout taking possesston o!the Properry.sue tar or '
<br /> ` "°. � otherwise coitoCt the rents,issues�and profits thereoi.inctuding those past due end unpatd,and.apply the same,less costs and i .
<br /> � �' e x p lenses o f opera tlon an d c o I l B C U o n i n C l u d i n g a tt o r n e y s'f e e s.u p o n a n y.i n d e b t e d n e s s s e cured hereb y.all in such order as Lender
<br />_ �,i...�, � � .. �. may detormine.The entering upon and taking possess�on of the Properly,the colte�tion o1 such rents,issues and proflts and the �
<br /> application thereof as aforesaid,shail not cure or walve any detautt or noUce of deisult hereunder or invalidate any act done in �
<br /> � �, responseto suct�detauitor pursuantto suCh noUce o1 detaultand,natwlthstanding the condnuartce in possession of the Property or
<br /> the coitecUon,recelpt and appUcaUOn of renb,issues or proflte,and Trustee and Lender shait be entiUed to exercise every right !
<br /> •., � . . provided tor in any of the Loan Instruments or by!aw upon occurrence of any Event of Detaui�inciuding without limitatlon the right {. .
<br /> to exercisa the power of sate.Further.Lender's rights and remedies under this pa�'agrap�shafl be cumulative with.and in no way a j
<br /> � � ' timitatlon on,lender'9rights and remedies underanyassignment ot teases and rents recorded againstthe Property.Lender,Trustee �
<br /> � � �� and the rece►ver shatl be liabfe to eccount ontytor those rents actua�ty received. i .
<br /> 11. Evants ot DNautl.The toilowing shall constitute an Event of Default under this Deed ot TrusL � � ,
<br /> � � � (a)Failure to pay any instaliment of principa!or lnterest of any othar sum secured hereDy when due: ;
<br /> • � �� ' (b)�A breaCh o1 or dsfauit under any proWston contained in the Note,this Deed o1 Trus�any of the Loan Instruments,or arry
<br />- . � • other lien or encumbrance upon the Property: ;
<br /> - (c)A writ of execuUon or attachmes�t or any similar process shail be entered agalnst Trustor v,hich shalt become a lien on
<br /> -1 ' the Proper[y or any portion thereol or interest iherein; ,
<br /> � � (d)There shatl bo tited by or agalnst Trustar or Borrower an action under any present or future federal,state or other
<br /> statute,laur or regutadan relating to bankruptcy,insotvency or other retief for debtors;or there shalt be appointed any trustee.
<br /> '_. _ _. ___.. receivar or liqutdator o1 Trustor or BOrroNer or ot a�t Or Sny part of the Property.or the rents,issues cr profits thereol.or Trustor ,
<br /> or Borrower sha�t make any generef assignment for tha benetit of crsditora; .
<br /> , � � '. : (e)Ths eate,Vanster,tQass,essignmenL comreyance or turther encum6rance o!all or any paR of or any interest in the
<br /> Prope�ty.elther voluntari(y or involuntariiy. withaut the express v�ritten consent of Lendet,provided that Trustor shall be
<br /> ' , permitted to exacuto a lease ot tt�e Properiy tf�at does not contain an opUon t�purchas9and the term of which does not exceed
<br /> � • , �� ono year. :6i ,' � �
<br /> , . � (�Abandonment of the Properry:or .
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