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<br />C. Trustor will immediately notify Beneficiary if (1) a release or threatened release of Hazardous Substance occurs
<br />on, under or about the Property or migrates or threatens to migrate from nearby property; or (2) there Is a
<br />violation of any Environmental Law concerning the Property. In such an event, Trustor will take all necessary
<br />remedial action in accordance with Environmental Law.
<br />D. Trustor has no knowledge of or reason to believe there is any pending or threatened investigation, claim, or
<br />proceeding of any kind relating to (1) any Hazardous Substance located on, under or about the Property; or (2)
<br />any violation by Trustor or any tenant of any Environmental Law. Trustor will Immediately notify Beneficiary in
<br />writing as soon as Trustor has reason to believe there Is any such pending or threatened Investigation, claim, or
<br />proceeding. In such an event, Beneficiary has the right, but not the obligation, to participate in any such
<br />probeeding including the right to receive copies of any documents relating to such proceedings.
<br />E Trustor and every tenant have been, are and shall remain in full compliance with any applicable Environmental
<br />Law.
<br />i There are no underground storage tanks, private dumps or open wells located on or under the Properly and no
<br />such tank, dump or well will be added unless Beneficiary first consents in writing.
<br />G. Trustor will regularly inspect the Property, monitor the activities and operations on the Property, and confirm
<br />that all permits, licenses or approvals required by any applicable Environmental Law are obtained and complied
<br />with.
<br />H. Trustor will permit, or cause any tenant to permit, Beneficiary or Beneficiary's agent to enter and Inspect the
<br />Property and review all records at any reasonable time to determine (1) the existence, location and nature of any
<br />Hazardous Substance on, under or about the Property; (2) the existence, location, nature, and magnitude of any
<br />Hazardous Substance that has been released on, under or about the Property; or (3) whether or not Truster and
<br />any tenant are in compliance whh applicable Environmental Law,
<br />I. Upon Beneficiary's request and at any time, Trustor agrees, at Trustor's expense, to engage a qualified
<br />environmental engineer to prepare an environmental audit of the Property and to submit the results of such audit
<br />to Beneficiary. The choice of the environmental engineer who will perform such audit is subject to Beneficiary's
<br />approval.
<br />J. Beneficiary has the right, but not the obligation, to perform any of Trustor's obligations under this section at
<br />Trustor's expense.
<br />K. As a consequence of any breach of any representation, warranty or promise made in this section, (1) Trustor
<br />will indemnify and had Beneficiary and Beneficiary's successors or assigns harmless from and against all losses,
<br />claims, demands, liabilities, damages, cleanup, response and remedlation costs, penalties and expenses,
<br />including without limitation all costs of litigation and attorneys' fees, which Beneficiary and Beneficiary's
<br />successors or assigns may sustain; and (2) at Beneficiary's discretion, Beneficiary may release this Deed of
<br />Trust and in return Trustor will provide Beneficiary with collateral of at least equal value to the Property secured
<br />by this Deed of Trust without prejudice to any of Beneficiary's rights under this Deed of Trust.
<br />L. Notwithstanding any of the language contained in this Deed of Trust to the contrary, the terms of this section
<br />shall survive any foreclosure or satisfaction of this Deed of Trust regardless of any passage of title to
<br />Beneficiary or any disposition by Beneficiary of any or all of the Property. Any claims and defenses to the
<br />contrary are hereby waived.
<br />19. CONDEMNATION. Tmstar will give Beneficiary prompt notice of any action, real or threatened, by private or public
<br />entities to purchase or take any or all of the Property, including any easements, through condemnation, eminent
<br />domain, or any other means. Trustor further agrees to notify Beneficiary of any proceedings Instituted for the
<br />establishment of any sewer. water, conservation, ditch, drainage, or other district relating to or binding upon the
<br />Property or any part of It. Truster authorizes Beneficiary to intervene In Trustor's name In any of the above described
<br />actions or claims and to collect and receive all sums resulting from the action or claim. Trustor assigns to Beneficiary
<br />the proceeds of any award or claim far damages connected with a condemnation or other taking of all or any part of
<br />the Property. Such proceeds shall be considered payments and will be applied as provided in this Deed of Trust. This
<br />assignment of proceed. is subject to the terms of any prior security agreement.
<br />20. INSURANCE. Truster agrees to maintain insurance as follows:
<br />A. Trustor shall keep the Property insured against loss by fire, theft and other hazards and risks reasonably
<br />associated with the Property due to its type and location. Other hazards and risks may Include, for example,
<br />coverage against loss due to floods or flooding. This insurance shall be maintained in the amounts and for the
<br />periods that Beneficiary requires. What Beneficiary requires pursuant to the preceding two sentences can
<br />change during the term of the Secured Debt. The Insurance carrier providing the Insurance shall be chosen by
<br />Trustor subject to Beneficiary's approval, which shall not be unreasonably withheld. If Trustor fails to maintain
<br />the coverage described above, Beneficiary may, at Beneficiary's option, obtain coverage to protect Beneficiary's
<br />rights In the Property according to the terms of this Deed of Trust.
<br />All insurance policies and renewals shall be acceptable to Beneficiary and shall include a standard "mortgage
<br />clause" and, where applicable, "beneficiary loss payee clause." Truster shall immediately notify Beneficiary of
<br />cancellation or termination of the insurance. Beneficiary shall have the right to hold the policies and renewals. If
<br />Beneficiary requires, Trustor shall Immediately give. to Beneficiary all receipts of paid premiums and renewal
<br />notices. Upon loss, Trustor shall give immediate notice to the insurance carrier and Beneficiary, Beneficiary may
<br />make proof of loss if not made Immediately by Trustor.
<br />(page 5 .1 8;
<br />/g1993. 3001 Bankers SVetema.Ine., 3t CIwd MN Porm PGCO PEe6NE 3 11 1200 _ �, ,
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