|
� .. _��_._ ._ . _ _._� -.._- _— -
<br /> �a:, - . _—
<br /> _ __ - � � - -ewa
<br /> •_3,:• • _ �..� �..^.wa.a��,t�._..,-1 ._ t�.. �-�_"
<br /> 9V� �Ull�
<br /> 'ProrASda')In oaxtiacllnn wiM condemnatian or�tt�ar tt►1::.�p M tho Prop�rty or Qart ttr�raof�or br oonvey�In u W condemr�atlon.
<br /> LM►d.i�si�wts bW aniKla.i wl u.q�u:►��to w�.�r'�a�;a.�:���•'�p�ecube in ita own name ar►y�tlon or praaa�d�nps.and ct►all�o
<br /> bo�nt�iad b maka any oomprornlso or u►ttlamunt in con�ee'1on with cuCh takqtiy or dsunap�.In ih�ewM ony portla�of t?w Property ip
<br /> �a tskai or�.z�'r►a3ad�Londer tt�aU ha�b tho�aos�in+ta ooio And a�btaiuu dir�cntian,ro appiy ab wch Wor�adfl, sHw ci�iuciMtip
<br /> thsrMrom W c�ts and o�cp�n�u Incurnd by tt(n wnr�e..�tlon wlih wch Proc�,upo��nY u�ai�bl�was r.ocur�d huoby wxf ir�cuch
<br /> or�r as Lw�da�may d�iarmina,or to appiy a!1 u�ch Proa�,ah�r wch d�Ctlat�, to tlw rsstoraUon cf tha Prc,psNY upon wch w�r
<br /> d�ticWw�s Lander mtry d�rm{na.My a�'slicatlon of PYc�c�ds ta�ahsN not a��tan�or poctpwsa ttw due d�W d anY WY•
<br /> meatn ur►dar t!w No�a,os ctua pn��datau�i tlwriundat ot twreundar.Arty unapptsed tuntis ct�sU bs paid b Tn,�icir.
<br /> @.P�1�rmwrx�a ts�L�',ll�f.�w►i1►8 cxcurranca u1 ar�Evont ot L`oluttt Iwrout�der, or if any acl is takon or�al Proaaadinq
<br /> commarticad whlc»'�mi�uuia�.�•atta:,is LerK4at'S iritaroct in ttN Propeny. Lsr�der rt�y in iis own d7sctetion,but w;thout obil�atbn W do co,
<br /> anci wittwul notioe to ar de��nantt u�►at�Tnu:or axf witho:�t ro►easinp Truatar Irom eny oWlaadon,do any act w�h�ntstar hs�stprwd
<br /> but tAUed to do itnd may f11�;a da�tny otf�er ad it dae�tts nt�esaarY W prdvct the s�curiy hereof.�nutor sF�aU. inurnGiateiY upon
<br /> dert►and therekr by LonclAt,paY to Le�r�U cosio ran�axpenses incurted end surns exper►ded by lender in Cann9Ctbn with the exer•
<br /> clso by Le�der ot tha twro4a:nn ri�ht�,to�etha�with Int�rest thereon at the detaul�rate provlded In ttw Note.wNci�cnall bs acided to
<br /> the indobteci�►ese sa�urod har4dy.Londar s�'�a11 not irx�u any IiabititY because uf anylhir►q it may do or om11 to do het'etu�der.
<br /> 9. Fia=arcbw M�t�iat�. Trustor shall keeP the Prope„Y in cwnpAance with aU e�ppltcaWe lawa,ordk�anc�and reputatioru
<br /> mtr�ting to indusirial hy�iona oc envirwunantal protection (cdledivety relenal to herein as'Enviraunenta!Laws�. Tniator shati k�p
<br /> tha Pra�riy tree trom a7!subciunuas dae+ned W be hazarcious or toxio uruler any Environmentai Lawa(coi�acuuaty ra�a�� tc :ar^e:n
<br /> aa'I{Axaalou�Materi�ts',Yn�s.tAr haroby wwrronW ancl capresent�to Ler�de�tl�a1 thsro are no Hazaraious�Materiaia on or under the
<br /> Ptopwt��.TnictGr hoteby�a��tA k�dumtti��and hoid h�mles9 Lerxior.its cWectors� oftice�.empioyees and apents,and eny st�ooas•
<br /> soas to Lendc��'y iniurast.iram and apflinnt any and aU ctaims,dartiapes.loczoe end (�s►b�utioa 6��isinfl in connectbn with the presance,
<br /> use, 'd�osa!oc ttnn.�ort of anY Fiaza'nh�u>M.Uteriats on.under,irom or about the Property.THE FOREGQINQ WARAIWT�ES ANQ
<br /> H�PR[S�f3TA'1'tQNS, AN[T TRUSj�R'S OBLIGATIONS PURSUAtiT TO THE FOAEQOINQ INDEMNITY. SHALL SUFIVIVE
<br /> fi�CW�V[1fAh'CE OF THI;i�EBQ OF TRUST.
<br /> 10.AsslytuMnts of Rw�t�.Trustor hereby assicSns W Lende�.a�wi yranta Lender a sacurity interest in.sU present.future and
<br /> after erising r�.issues an�profits o10tio RropsnY�Protiided tha4 Tnts�Cr sAall.ur►til the occwrerxe of an Event of Oetault,hereundet�
<br /> hSVe the�iqitt 6o r.alie�t and reWn suctt io►�s.�iSSUes and pmfits as theK�Orr►e dua and payable.Upon the occu►renoa of en Evec�t of
<br /> Detauti.Le�ci�r may.eiUwr in person cr f7Zr�ent,with or wiitwut briny�any actlorti or prooeeding,o►by a�eceiver appointed Dy a
<br /> ovuR and wiitwut re�rd to ti�e�ieC�cf i3s cecurity�ea-�ter upor�and talce possessio�ct of tha Property.or any part thereof�in its own
<br /> name or in the nsune of the T�s�ie�c�xf ala any acts+��a`�ch it deams neoessary or d�uirabte to preseove tha Ysiv,e.marfcetabiGry or
<br /> rentability af the PropeRY�or��-��t�+t.�#cx interesi�5arai�.or to incsoase tha kioo�cna therefrom or protect thB secouity hered and
<br /> with ot without taki�►D possoss�a+�09 Me�+r,�anY,sue for ot othenwise tivilect ttte rents,issues and Profiis thereol�i�ckr�n�thoss Past
<br /> dw and unpaid.b5►notityinQ t��anss w maxs paymer►ts to Lennaar.Le�,d�r rnay apply+ rents.cssi,es ana profits.less costs and ex�.
<br /> as W operation and ooliectio�t k,+ci�din9 attome�s tees. to any iodabted�eas securocf hereby.afl in svch otder os Lender r��ay deter-
<br /> mine.71w enteriny upor�a�d'r«�'.:ny Poss�ess�o�01 B►e I�+o�e�tY.tha�itectior�of such ronts,issues and Prof'�s. and the app�icztbn
<br /> thwaof as aforesaid shail not cure or waive any dafautt ex notice of detauft hereundar a imalidate any xi dora in roapa�to such
<br /> default or pursuant to such notice of defauit and,notw3ihstanding the conNnuanca io possesslon of the propecry or the oollectlo+�,
<br /> receipt and 3�sUat d re�ts,issues or profits.Trustee and Lender shaU be enUtled to exercise eveN right Prorkied!°r in�►y d the
<br /> L,oan I�strume��w by taw upon oocurrerxe of any Event ot Deisufi.�adinp vrlthout lunitat�on the right to exerds�the powsr d safe.
<br /> Furtl►ar.Lw�der's�a�ncB canedies wider thia parayrapl�st�aU be ca:�fadve with. and i��o way a limitation on.Lee+de�'s ri4hts and
<br /> remedies under any ass�xs+:ni ot leases arxl ronts recandes3 apak�sl ttYa PropeAy.Lwtider.Tntstee and the�eceivar s?�II be liabia to
<br /> aowtx►t oNy 1or thoc�rer�ts acluaUy received.
<br /> t t.Ewnts W ON�utt.7'T�e tolbwiny sheU oonstituie an Event ot�FaWt undar Ws Deed of Trust
<br /> �o�r..���r:.;s;t^e'.�..nq:�!.�!�:.,�,w�.,r inw.Mrt nf�►;e otl�er sum s�aGUed hereby vrtlYn du9:
<br /> (b)A bre�clz d or defauit under any provlsioct oaitit�d u-���a.1io�.tl�ts Dood o!TrusL any o!the Loert in6tnx�tsrNc.or anY
<br /> otlwr Qen or erx:�unbrar�ce upai the Proporty;
<br /> (a)A writ of execuflon or a�aduneM or any simi�r Process shau t�e entered apainsi Tnutor wt�ich shaU beoome a lien on
<br /> the Propetty ot any portiotl thereof Or interest thenein;
<br /> (ci}�here st�ail be fifsd by or a�ains4 Trustor or Borrower an actim under any presen!ar fuWre tede►a!�state or Wher staa+ta,
<br /> taw o�reguiatl�on rWatkp to bar�icruptcy.Insoiv�scY a other reiief ior debtors;or tiwre shall be aqwinted any trustes.rer.eiw�a
<br /> 4quida�or W Ttus�or or Borrower or d aY or eny parl of tfte Propetty.ot tt�e re�ts.issws or ptoflts ttwreoi,or Tntstor or BortowK
<br /> snaN maka any�ene�al assiyrmwu wr u�e benef t a cr�editors;
<br /> (e)Tn.sato,taraie�.{ease. acsi�wnent.�o�nve�ranoe or auther encumr�a au or any part a or any lnceres:ln the
<br /> property�either votuntarily or MrvoUx►tarily►.v�dfio�t tlie e�ess writton consent of Lendar,provided that Trustar sltiatf be pem�.
<br /> ted to enecute a ieese of the Propeity that does�ot contaln an optbn to purchase�nd the tertn of wl�ich does ewt exceed ore
<br /> Y�:
<br /> (4 Abandoru�a�t of the Property;or .
<br /> (y)N Trustor is not an individual.the issuance,sate.transter. essiymient.conveyarxe or enc�rr►brance of more tf�an(if a
<br /> ootporatlon)e total af perce�t of iLs Issued and ou�t�ndinD stock.or('d a partitie+sf�Ip)a tot�l of per-
<br /> cent oQ parOrwrst�lp�.or(if a WNtad Itability companY)a total of peroent of the timited tiabililY con�Pa-
<br /> ny k�ts or v�oWp ri�hts dwinD the periiod Ws Deed of Ttust t�ersalns a Oen on the propetty.
<br /> 12.R�n1�fJiNp AooM�r�ion Upon DMautt.to the eveot of arry Event d Defauft Le�xier�nay.without notice exoept as oeGuioed
<br /> by law.declara aN indebiedr�ets secured hereby W be dae and payable and the sarr�e shall thereupon becotne due and payabie wdM
<br /> ��Y P�'�►����,P��or notice of any[cind.Theraoftsr Lendar may:
<br /> (a)Dertw�d that Trustes axendss the POWER OF SALE 9ranted heteia. and Tnistee shali thersafter cause TtusSo+'s k►tw
<br /> etl in th.Proporty to be sctd and n�a proc..�fs to be distributsd,aY In ths marxwr provkied in ttw N.aaaka Tn�st�a.da/u�
<br /> (b}Exe�ise any and all riphts P�ovlded tor in any of the Lnan Ins2nurwr�t�or by law upon ooaurencs of any Event of
<br /> DefauEk and
<br /> (c)Commer�ce an action to torectose thls Deed of Trust as a mod�aQe,a�ppo�nt a receiver,w specd�cauty entorce any of ine
<br /> oovenanfs her�ad.
<br /> Qt�o;ernady herein��rec9 upcx�or reserved to TNSt�a cr Ler�dst is Inisndod to bs sz�usive of ar►y otlier reme�'�hsrein,in the Loan
<br /> k�uments or by law providod or pomdtted.but each sE^a`�ae cumutative�si�ati De ir►adG�;ai 4�c�va�-�atha:c�r.�gt+�hr:�r�.
<br /> in the Loact rn�.�urt�er►ts a now or hereatter exfstirg at taw or in equity or by stawte.and may be sx�e�cised co�urr�tlY.IndePawerMl}►
<br /> ��The Tn�atee may resipn at any Um�a withait cause.and L,ender may at arry Wne and without cause appWni a cuc-
<br /> eecsor a�tute Trustee.Trustee st�all not be kabte to any party.k�cludn9 wiNw�d lirnitation Lender.BoROwer.Trt�o�ar anll P�
<br /> chaser of tio�Property.tor any loss or damaye ur�fess due to redcless or willtul tNsconduct.at�d shall not be requined fo taks any r�ctjon
<br /> in oonnoctidn wifh tlw enta�cvment oi this Deed d Tntst unless indertfnif'Nd. io writing,for aIl c�sts,c�mpens&tion or expeeses wt�ich
<br /> may be as�xiated thenwith.In addition.Trustee may beoortie a purctiase►at eny sale oP the Property(judicisl or under the power of
<br /> sate grarmuf l�erein);postpone the sale of all or a�g►poNon of the PropeAy,aa pruvtided by law:or seu ihe Property as a wlwio,or in
<br /> ceParate Rarcets or bts at Tnrsiee's disaretion.
<br /> � 14.FMS and Exp�nMS.In the event Tnutee seus the Property by exercise o1 power of sa{e,Tnistee sha11 bo entitled to appy
<br /> any saie proCeeds fir5i W paymetu of all cosLs and expenses of exercWng powor o}sale,includinp all Trustee's fees,and Lsnders and
<br />� Trusioe's attorr�ey'c fees� actua{h/incu►red W extent Parm�tted bY a�pilc�l�te laW In the event 8orrower or 7rustor exe�arry ri�►t
<br /> � provided by law to aua en EvenR ot Detsult,Lender chail 6e entitled to rec�+rer irom Trus3or all costs and expentes actua{ly U►ctured as
<br /> � a resuft ot Tnistoi's daisutt,�►ny w"dtwut 14nitaUon atl Trus48e's and aitorney's tees,to ttw exteM Petmitted bY aPpti�'.able law.
<br />-a 15. Futun Advmcw. Upon request of Bortower,Lender may. at its optbn.make additional and future advar�ces and read-
<br /> � var�ces to Borrower.Sa�ch advarices and readvances.with Interest thereon,s7iall be sowrod by this Deed of Trusl.A2 no ttme shaN the
<br /> �
<br /> �
<br /> a _ _ -
<br />
|