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<br />200701960 <br /> <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 /> <br />9. Hazardous Materials. Trustor shall keep the Property in compliance with all <br />applicable laws, ordinances and regulations relating to industrial hygiene or enviro=ental <br />protection (collectively referred to herein as "Enviro=ental Laws"). Trustor shall keep the <br />Property free from all substances deemed to be hazardous or toxic under any Enviro=ental <br />Laws (collectively referred to herein as "Hazardous Materials"). Trustor hereby warrants and <br />represents to Lender to the best of its knowledge that there are no Hazardous Materials on or <br />under the Property. Trustor hereby agrees to indemnifY and hold harmless Lender, its directors, <br />officers, cmployees 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 REPRESENTATION, AND TRUSTOR'S OBLIGATIONS PURSUANT <br />TO THE FOREGOING INDEMNITY, SHALL SURVIVE RECONVEYANCE OF THIS <br />DEED OF TRUST. <br /> <br />10. Assig=ent 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 beyond <br />any applicable grace or notice periods hereunder, have the right to collect and retain such rents, <br />issues and profits as they become due and payable. Upon the occurrence of an Event of Default <br />beyond any applicable grace or notice periods, Lender may, either in person or by agent, with or <br />without bringing any action or proceeding, or by a receiver appointed by a court and without <br />regard to the adequacy of its security, enter upon and take possession ofthe Property, or any part <br />thereof, in its own name or in the name. of the Trustee, and do any acts which it deems necessary <br />or desirable to preserve the value, marketability or rentability of the Property, or any part thereof: <br />or interest therein, increase the income therefrom, or protect the security thereof, and, with or <br />without taking possession of the Property, sue for, or otherwise collect, the rents, issues and <br />profits thereof, including those past due and unpaid, and apply the same, less costs and expenses <br />of operation and collection including attorney's fees, upon any indebtedness secured hereby, all <br />in such order as Lcnder may determine. The entering upon and taking possession of thc <br />Property, 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 <br />response to such default or pursuant to such notice of default and, notwithstanding the <br />continuance in possession of the Property or the collection, receipt and application of rents, <br />issues or profits, and Trustee and Lender shall be entitled to exercise every right provided for <br />herein or by law upon occurrence of any Event of Default, including without limitation the right <br />to exercise the power of sale. Further, Lender's rights and remedies under this paragraph shall be <br />cumulative with, and in no way a limitation on, Lender's rights and remedies under any <br />assignment of leases and rents recorded against the Property. Lender, Trustee and the receiver <br />shall bc liablc to account only for those rents actually received. <br /> <br />11. Events of Default. Thc following shall constitute an Event of Default tmder this <br />Deed of Trust: <br /> <br />(a) Failure to pay any installment of principal or interest or any other sum <br />secured hereby when due; <br /> <br />(b) A breach of, or default under, any provision contained in the Note, <br />this Deed of Trust, any of the Loan Instruments, or any other lien or encumbrance <br />upon the Property, other than a default in the payment of principal or interest due <br />in respect to the Promissory Note, and such default continues for thirty (30) days <br />after notice thereof from Lender is given; <br /> <br />(c) A writ of execution or attachment, or any similar process, shall be <br />cntcred against Trustor which shall become a lien on the Property or any portion <br />or interest therein, which lien is not removed within thirty (30) days from <br />Trustor's actual knowledge of such lien; <br /> <br />(d) Borrower becomes insolvent or admits in writing its inability to pay <br />debts as they mature; or applies for, consents to or acquiesces in the appointment <br />of a trustec or receiver for any of Borrower's property; or in the absence of an <br /> <br />3 <br />