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200205613 <br />5. Escrow. Upon written demand by Lender, 'Trustor shall pay to Lender, in such manner as Lender may <br />designate, safficicnt sunny to enable Lender to pay as they become due one or more of the following: fif all taxes, <br />assessments and other charges against the Property. (ii) the premiums on the property insurance required hereunder, <br />and (iii) the premiums on any mortgage insurance required by Lender_ <br />fi_ Maimenanec Rcoairs and Compliance with Laws. Trustor shall keep the Property in good condition <br />and repair; shall promptly repair, pr replace, any improvement which may be damaged m destroyed; shall not <br />commit or permit any waste or deterioration of the Property; shall not remove, demolish or substantially alter any of <br />the iniprovements on the Property; shall not commit, suffer or permit any act to be done in or upon the Property in <br />violation of any law, ordinance or regulation; and shall promptly discharge at Trus m''s cost and expense all liens, <br />encumbrances and charges levied, imposed or assessed against the Property or any part hereof. <br />7. Eminent Domain. Lender is hereby assigned all compensation, awards, damages and other payments or <br />relief (hereinafter "Proceeds') in connection with condemnation or other taking of the Property or part thereof, or <br />for conveyance in lieu of condemnation. Lender shall be entitled at its option to commence, appear in and prosecute <br />in its own name any action or proceedings, and shall also be entitled to make any compromise or settlement in <br />connection with 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 deducting therefrom all <br />costs and expenses incurred by it in connection with such Proceeds, upon any indebtedness secured hereby and in <br />such order as Lender Lou, determine, or to apply all such Proceeds, after such deductions, to the restoration of the <br />Property upon such conditions as I.ender may determine. Any application of Proceeds to indebtedness shall not <br />extend or postpone the due date of any payments under the Note, or cure any default thereunder or hereunder. Any <br />unapplied funds shall be paid to Tmster. <br />8. Performance by Lender. Upon the occurrence of an Event of Default hereunder, or if any act is taken or <br />legal proceeding commenced, which materially affects Lender's interest in the Property, Lender may in its own <br />discretion, but without obligation to do so, and without notice to or demand upon 'I'n sto, and without releasing <br />'Trustor from any obligation, du any act which Trustor has agreed but fails to do and may also do any other act it <br />deems necessary to protect the security hereof Trustor shall, immediately upon dcnnnd therefor by Lender, pay to <br />Lender all costs and expenses incurred and sums expended by Lender in connection with the exercise by Lender of <br />the foregoing rights, together with interest thereon at the default rate provided in the Note, which shall be added to <br />the indebtedness secured batch) Lender shall nut incur any liability because of anything it may do or omit to do <br />hereunder. <br />9. Ilazardous Materials. Truster shall keep the Property in compliance with all applicable laws, <br />ordinances and regulations relating to industrial hygiene or environmental protection (collectively referred to herein <br />as "Environmental Locos"). Trustor shall keep the Property free from all substances deemed to be hazardous or <br />toxic under any Envirnuncnlal Laws (collectively feferred to herein as "Hazardous Materials "). Trustor hereby <br />warrants and represents to Lender that there arc no Hazardous Materials on or under the Property Trustor hereby <br />agrees to indemnify and hold harmless Lender, its directors, officers, employees and agents, and any successors to <br />Lender's interest, from and against any and all claims, damages, losses and liabilities arising in connection with the <br />presence, use disposal or transport of any Ilazardous Materials on, under, from or shout the Property. TI IF. <br />FOREGOING WARRANTIES AND RLPRLSEN'I'A'I'IONS. AND 'I'RUS'I OR'S OBL16A (IONS PURSUAN 1 10 <br />THE FOREGOING INDEMNITY. SHALL SURVIVE RF.CONVEYANCE OF THIS DEED OF TRUST. <br />10. Assignment of Rents. 'Trustor hereby assigns to Lender the rents, issues and profits of the Property, <br />provided that Trustor shall, until the occurrence of an Event of Default hereunder, have the right to collect and <br />retain such rants, issues and profits as they become due and payable. IIpoll the occurrence of an Event of Default, <br />Lender may, either in person or by agent, with or without bringing any action or proceeding, or by a receiver <br />appointed he a court and without regard to the adequacy of its security, enter upon and take possession of the <br />Property, or any part thereof, in its own name or in the name of the Trustee, and do any acts which it deems <br />necessary or desirable to preserve the value, marketability or rentability of the Property, or any part thereof, or <br />interest therein, increase the income therefrom, or protect the security thereof', and, with or without taking <br />possession of the Property, sue fur, or otherwise collect, the rents, issues and profits thereof, including those past <br />due and unpaid, and apply the same, less costs and expenses of operation and collection including attorney's fees, <br />upon any indebtedness secured hereby, all in such order as Lender nmy determine. The entering upon and taking <br />possession of the Properly, the collection of such rents, issues and profits and the application thereof as aforesaid, <br />shall not cure or waive any default or notice of default hereunder or invalidate any act done in response to such <br />de ran h or pursuant to such notice of default and. notwithstanding the continuance in possession of the Property nr <br />the collection, receipt and application of rents, issues or profits, and I rustee and Lender shall be entitled to exercise <br />every right at for herein or by law upon occurrence of any Event of Default, including without limitation the <br />right to exercise the power of sale. Further. Lender's rights and remedies under this paragraph shall be cumulative <br />with. and in no way a limitation on. Lender's rights and remedies under any assignment of leases and rents recorded <br />agauust the Property. Lender, Trustee and the receiver shall be liable to account only for those rents actually <br />received. <br />I I _ Events of Default the following shall constitute an Event of Default under this Deed of To ust <br />(a) Failure to pay any installment of principal or interest or any other sum secured <br />hereby when due; <br />