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200300569 <br />6. Maintenance, Repairs and Compliance with Laws. Trustor shall keep the Property in <br />good condition and repair; shall promptly repair, or replace, any improvement which may be <br />damaged or destroyed; shall not commit or permit any waste or deterioration of the Property; <br />shall not remove, demolish or substantially alter any of the improvements on the Property; shall <br />not commit, suffer or permit any act to be done in or upon the Property in violation of any law, <br />ordinance or regulation; and shall pay mud promptly discharge at Trustor's cost and expense, all <br />liens, encumbrances and charges levied, imposed or assessed against the Property or any part <br />thereof. <br />7. Eminent Domain. Lender is hereby assigned all compensation, awards, damages and <br />other payments or relief (hereinafter "Proceeds ") in connection with condemnation or other <br />taking of the Property or part thereof, or for conveyance in lieu of condemnation. Lender shall <br />be entitled at its option to commence, appear in and prosecute in its own name, any action or <br />proceedings and shall also be entitled to make any compromise or settlement in connection with <br />such taking or damage. In the event any portion of the Property is so taken or damaged, Lender <br />shall have the option, it its sole and absolute discretion, to apply all such Proceeds, after <br />deducting therefrom all costs and expenses incurred by it in connection with such Proceeds, upon <br />any indebtedness secured hereby and in such order as Lender may determine, or to apply all such <br />Proceeds, after such deductions, to the restoration of the Property upon such conditions as <br />Lender may determine. Any application of Proceeds to indebtedness shall not extend or <br />postpone the due date of any payments under the Note, or cure any default thereunder or <br />hereunder. Any unapplied funds shall be paid to Trustor. <br />8. Performance by Lender. Upon the occurrence of an Event of Default hereunder, or if <br />any act is taken or legal proceeding commenced which materially affects Lender's interest in the <br />Property, Lender may in its own discretion, but without obligation to do so, and without notice to <br />or demand upon Trustor and without releasing'frustor from any obligation, do any act which <br />Trustor has agreed but fails to do and may also do any other act it deems necessary to protect the <br />security hereof. 'Trustor shall, immediately upon demand therefor by Lender, pay to Lender all <br />costs and expenses incurred and sums expended by Lender in connection with the exercise by <br />Lender of the foregoing rights, together with interest thereon at the default rate provided in the <br />Note, which shall be added to the indebtedness secured hereby. Lender shall not incur any <br />liability because of anything it may do or omit to do hereunder. <br />9. Hazardous Materials. Trustor shall keep the Property in compliance with all <br />applicable laws, ordinances and regulations relating to industrial hygiene or environmental <br />protection (collectively referred to herein as "Environmental Laws "). Trustor shall keep the <br />Property free from all substances deemed to be hazardous or toxic under any Environmental <br />Laws (collectively referred to herein as "Hazardous Materials "). Trustor hereby warrants and <br />represents to Lender that, to Truster's knowledge, there are no Hazardous Materials on or under <br />the Property. 'Trustor hereby agrees to indemnify and hold harmless Lender, its directors, <br />officers, employees and agents, and any successors to Lender's interest, from and against any and <br />all claims, damages, losses and liabilities arising in connection with the presence, use, disposal or <br />transport of any Hazardous Materials on, under, from or about the Property. THE FOREGOING <br />WARRANTIES AND REPRESEN'I'ATTONS, AND TRi JSTOR'S OBLIGATIONS <br />PURSUANT TO THE FOREGOING INDEMNITY, SHALL SURVIVE RECONVEYANCE <br />OF PHIS DEED OF TRUST. <br />10. Assignment of Rents. Trustor hereby assigns to Lender the rents, issues and profits <br />of the Property, provided that Trustor shall, until the occurrence of an Event of Default here- <br />under, have the right to collect and retain such rents, issues and profits as they become due and <br />payable. Upon the occurrence of an Event of Default. Lender may, either in person or by agent, <br />with or without bringing any action or proceeding, or by a receiver appointed by a court and <br />without regard to the adequacy of its security, enter upon and take possession of the Property, or <br />any part thereof, in its own name or in the time of Trustee, and do any acts which it deems <br />necessary or desirable to preserve the value, marketability or rentability of the Property, or any <br />part thereof, or interest therein, increase the income therefrom, or protect the security thereof, <br />and, with or without taking possession of the Properly, sue for, or otherwise collect, the rents, <br />issues and profits thereof, including those past due and unpaid, and apply the same, less costs <br />and expenses of operation and collection, including attorneys' fees, upon any indebtedness <br />secured hereby, all in such order as Lender may determine. The entering upon and taking <br />possession of the Property, the collection of such rents, issues and profits and the application <br />thereof as aforesaid shall not cure or waive any default or notice of default hereunder or <br />invalidate any act done in response to such default or pursuant to such notice of default and, <br />notwithstanding the continuance in possession of the Property or the collection, receipt and <br />application of rents, issues or profits, and 'trustee and Lender shall be entitled to exercise every <br />right provided for herein or in any of the Loan Instruments or by law upon occurrence of any <br />Event of Default, including, without limitation, the right to exercise the power of sale. Further, <br />Lender's rights and remedies under this paragraph shall be cumulative with, and in no way a <br />limitation on, Lender's rights and remedies under any assignment of leases and rents recorded <br />against the Property. Lender, Trustee and the receiver shall be liable to account only for those <br />rents actually received. <br />