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<br /> thlPropMl�t(i W fak�n a d�mpeQ.LMtdN Optio�b iR i�t soie a�b aDfotu(�dlfcr�Ho�.1a aPP�Y�1 sneh PcoCMO�. �
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<br /> alwrd�ducy�plthr�tromsUcost��nd exp�n��htn cortnectlon wid►suct�Procs�ds�upon anY Ind�hMdna�s�cund
<br /> h�nO7t�nd(n sueh order as Lender mag detarminR a to�DM+�i!wNr Praea+ds.afa►s�ch daductions.to tM r�NOnNon at th�
<br /> — prcp�Ayuportauehconditionsastendarmi�ltdit�rmfn�JUnytppite�iorrotProceeQltotn�ehrQnasihaltttOt�xlmdorPost�orN . —
<br /> � - _-=-�Que dtte o!any pryments under the Note.o�cu�e sr��fault thereunder or herounder.My unapptib tunds sAW b�p�td b
<br /> Tntstor. �
<br /> 9:p�cbne�ea 6x�ardlMr.UDOn ths oecuRenea o��n Event of Qefauttreraunda.or if any act is taken a[eqd pracadinp
<br /> ���_--- --° -: - comm�nCedwttTCfima�rfai�affeet�f.endersir,U6resEin��PrapBrhri�eudarm�lirttltQtrRdiscreUorf.batwiUwuEvDli�aYonfa�a —
<br /> saa and witt�out noUce to or demartd upon Trustor andv�aut r�feas�rt�T�us�or nom ar►y.obiiyation,do any act which Trir�tor has
<br /> ayroad but taits ta do and may atao Qa any other aeE i�drem�necessarY;o p�otect the aecurit�hereot Truator shall.immadiatety
<br /> — upon demand tnerefoe by tender,pay W Lender ali costs�despenses incurred end sums expended by L.ender ie connection witl�
<br /> ��' -- added to the indebtedness aecu�redinhare�by.�LenderesCrsA aot incu`r an7!liab(tiry�bscautse otanylhe�gotMmay�do orio�nithto da
<br /> � tlereunder.� � ` � �
<br /> 9.Nazardous MahtFsb.Tn►st+�r shail keep the PrOperiy in comptiance with alt applicabte Iaws.ordinances and regutations�
<br /> � retatin�to industridl hygiene ur environmenfat protec�o�e(cGtectivety reterred to herein as"Enviconmenfai taws'►.Trustor shall.�
<br /> . kge�tt�e Pcppetty[ree/rum st!substances deemed to Cel�zarduus or taxic under any Eavironme�tai Laws(co�lectivet�referred to
<br /> rerefn as"tlazarEous Materials"}-Trustor hereby wan8'�`.;and represents tQ Lender thatthere are rto Nazardous Nlaterials on or
<br />' �ti. underthe Property.Trustor hereby agrees to�ndemnify2adt�ei!d harmfess Lender,itsdirectors.otfrcers emptoyeea and�gentg,and _
<br />� � � any successors to lender's interest trom anQ aga+ns�atiy and ait ctaims,damages,te�and iiabfRties arising in connection witA =___
<br /> �.Y the presertte,use,disposat or transpnrt at arty Hazard��s Nlsteriats nn,under.5vm er a6out the PropeRy.THE FOEIEGOING �,-.
<br /> WARRAtlTIESANDR£PRfSENTATiONS.AtU�TRUST03YS081JCiATIONSPliF�.StfAMFTf2TEtEFOREG0INGINDEMNRY.SHALL �.:;-_—
<br /> �>I SURIFNE RFCONlIEYANCE OF THlS CEED OF TftUST.'.� . =
<br /> t0.AsslpnnNnt oi ii�ntf.Trustor hereby assigns t4�nder tfte rersLS.issues artd profits c:.ze Froperty:��avide:.that Tn�.gtor `:i-.�._
<br /> ;:'} � ° shall,untittheocaurrenceufanEventol0etautthereur.d�.havet[�erightwcottectarlrehaios�ci�rents,issuesandpruttsasMey ��-�,.-
<br /> � beCOme dua and payabte.Upan the occurrence of art��cent ot Defauik Lender rr�aY•e1mer in person or by agenf,with or without �,Y.___-.-
<br /> ���` ' � bringing any acUon or proceedinfl,or by a receiver appiii,�ted by a caurt and without regard to tize adequacy of its sacuriry,enter �°r;2��-_
<br /> � Y ���.<f j� :�M1:�;{;. upan and hake possession ot theProperty.or any parttherevt in its awn rrame or in the name ot the T�cstee,and do any acts which it �;it:�;__
<br /> .•��4c�< < R�1. deems necossan,+or dasirabte to preserve the vatue,markeiabiiity or rentabitity of the Property.or ar,y�art thereof or inter�st therein. ,,1 _
<br /> , . ��ri,.._� }p��the income the�etrom or protect the securitg hrxeot artd,with or�rithout taidng poss�s°�n ot the Properiy,suA tor or ��
<br /> ..r .. ' otherwise cottect the rents,issues artd Frofits thereof,metuding those past due anQ�anpaiQ,and�g'ply ttre same,tess costs an� „ _
<br /> � f �%�� � �;:i. expenses of operation and caltectian including attorneys f.es.uport any indebtedness secured hereby,a�l in suct*orderas Lender ; , Y
<br /> �.��_ .�.•' ;.:,,. �..<.. _ _ �t��
<br /> ~<'-v,•. .�1!`'%�<s, ma determin�Tha enterin u on and:ak�n ossess�on of the Property,the collectian of sua�e reats�issues arTcf raflts and he
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<br /> � y . � � :�;_�;;��{s,� � appliqtion thereot as atoresaid,sha!t r:ct cure or wai�re any d6isult Qr notiee atCefautt hereur.d��invat�da�any act done in s: -. �. _ _ _
<br /> r J -:,�3`Sr,; responsetasuchdetauttorpursuamtas:�"r.noticeotdefauttand,n�rr�+t:�sstandingtheconUnuar.cr,'r.-�assessianofthePropertyor _
<br /> i` :� � c;. 5 <.,{v.
<br /> , the coilection,receipt and application af r�nts,issues dn profits,and Trustee and lander shait te�-`:Yed t�exerclse every right
<br /> ' -� �:�1;�`:+'° provided tor in any of the Loan instrurr.eats or by faw L�rt occurrence of any Evento!Defauit,incl,�r;�g u:"�F:cu:�;^?itation the rigHt : .4 -.'�'�`
<br /> � � � �•���'�:`%:� to exarcise the paxer ot sa�e_Further.Lertder's rignis 2•d�remedies under this para�::�'�shail6e cumutat;ve w,:~:and in no way a • :�"�r_ . _
<br /> �''" � i�mitatlon on,Lender's ights aaA remeCies under an 25s�gnment ot leases and rents��orded a airtst the Proaer:y:Lender.Trustee •
<br />' - �v:,... �.._..- .,, ,. . y 9 •� � �
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<br /> � � �- �;.,�r;.�. � and the receiver shatf be Crab�e to acea�.�¢only tor thosa rents actualty received. _ _
<br /> �t'"''' 11.Evenb ot ONautf.The foi[owmc�at:constitutg an Event of Delauit under this Oeed cf':���:s* ��';"?`�=i-
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<br /> .. � ;�•%�'�.-":;�: �:t;.:-�_ —
<br /> . �, �;,�.,��,-. (a) Failure to pay any installme-F ci principal o�intdrest ot any o!her sum se�ured t�e���'�vhen due: :i.�,�
<br /> ••'�;,;::1:,��� (c)A breach of ordetaul!under any provision w%ained�n the Note.this Deed ot(rus�,ar.�o}the Loan Instruments,or any .", . �,t'r.:�:,�.,�.�
<br /> ;'"ti;'s`;°,' . . ' other lien or encumb:a�ca upon the Pr�perty; �.: . . 1�:=�-----
<br /> �, �: " ;�"
<br /> � �`'�"�' !�!A writ of ex?cut�on ar attachment or any siM:ra�process shall be entefa.�3��nstTrostor which shatl become a lien on �'��-
<br /> , . � '. . i�' `�'•��e_
<br /> . � the Property or any poKian thereot or interest therein:
<br /> . , ;:,,• y F•ess�`�:1uture federal,state or othQr ,J:;,s;. .• Y,��
<br /> � k�; (�)T h e r e s h a t t b e t�I e d b y o r a r�a i n s t T r u s t o r o�B o r r o w e r a n a c U O n ur.3�r ar. � - -
<br /> statute,law or regulation rela:ing to 5�.�kruptcy.inso�vency or ct?re�re:°tf�;d�btc�s:o�t�^ere��.11 be appointed any trustee, � , ..,�.,,;fi;`.;•` =
<br /> ! � �eCei ier or liquidator o}Trustor or B�rrawar or ot aHion any part of the R ope r ty ci':"e r e�a rs s��s o r p r o f i t s t h e r e o i,or Trustor �„,• • S �_
<br /> • - - - or 8o�rower shaU make any general assignmer.tturtLe benefit of creditors ('•�'`�• � _ ,..-
<br /> " ' ' Y 08(Z Ct d'�' 11ri:� ,. �
<br /> , (e)The sale,transier,lease,essignment,co�..�y=�ce or further encum5*ar;y�!a;�o'ar f inferest in the • . {,<i .. ,_,;,�__
<br /> ;.,,'(;�,. Property,either voluntaeity or invoiuntarily, wiffioct•tne express written eans2*'ci L°^.'�'_�rovided that Trustor shafl be t�"�' '.-,�,.,__�-:-
<br /> "�,���':.;':• permitted to exec�te a leasa of the P•�aperry that does not contain an aption to purchas�a^i�f�_?erm o1 which does not exceed � -!;�;: �
<br /> :.r�j:Z:•,?
<br /> . � �','•;;�,':�. one y ' .� .. �.:- _
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<br /> � . � � , � ;'9.'-;,��' (�Abandonment of thg ProPe'�Y�ar . � .,�,"'t•r.}'G.,.•. ,
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<br /> r..,. (g}If Trustor is roc an�ndivid�a�.�:e issuance,sa'e,transier.assignment,conveyance c��".�umbrance o1 more than a total • : •-
<br /> - ; s . , �:�`. , '. .> •,.
<br /> • - . :i,i`;I f;1;; , .:� ,._
<br /> � :ri,,:;'.;1;, �} percent of(d a corporation)its,ss;:���d outstanding stock or pt a partnersh�:P)a total of �� percent of + . ;�1;�_��:,-
<br /> ' � 's,,,�r;}�,;,.:,-.. partnership interests during the Oe�ioC this De��et Trust rema�rs a tien on the Property. t . ._
<br /> � ' ' •��'�'°t,""=�• 12. R�ifs;AeeNestbn Upon Det�ulw In fre E.:c t ot ar.y Ev�-c af Oafault Lendar may,w:`�::,t notice except as reQuircC��r = . , �
<br />'�'' . "'`:`�`.�� law,deciare atl indebtedness secured hereby to be:�2�d payat a artd the same shall the:�::��n become due and poraCsle f
<br /> � ' • wiUtout any presentment demand,protest or noticg ck�'i ktnd.Tnereatter Lender may: � �;��•:' ;
<br /> � interest�he Pr perty te be sotd and the p o�ceeC3to bo d1atE bu ed.allhn hie ma ner pro vdeC �2��'+��ka T ust Oeeds � • ' �
<br /> , '°�,.,.
<br /> . . ,.:'' Act �
<br /> ,;:°�i;-- .
<br /> .r.���:. (b)ExerCise any and a�t right8 provided tor in•any of the Loaiti Instruments or by la�..;�:r JccurrenCe of any Event o1 �
<br /> :'�'�.��'r' Oefau;r,and '' • � • .
<br /> ' � (C)-COmmenCean action to foreclose thls OeeO of Trust as a mo�tgago,appoin!a recoiver,or SOecitically entorce any o'the �
<br /> +�''' : covenants hereaf� k', � • � �
<br /> ' �� �� No remedy hereln eanf�'reS�pon or«�ServeQ to Trushe or Lertder�s mtenclEd io be exclus+ve C'�^q c"�r rE-redy herein,in the ;.� . , .
<br /> • .;.;�:,.,��,. • Loan Instruments or by f�w arovided or permitted,buteacn snau be cumu�at�vo,shau be m aa������a�seP,�""°r remedy given ,
<br /> hereunder,int�+s Lad�ir.s'rumertts or now or hereafter e�;sting at iaw or in oquity or by statute.G'�°a��e exe�•c:sed concurrer'!y. :
<br /> . . :. �;....;:s;,: , . . . '�,; .
<br /> .°;.,��'�:• indepande�:'ry or$1caQSS�ve.y. -
<br />' � ������:'',' 13.Ttu!!N.Th8lrust�mdy res�n zt zr.y:�me-�:�tYO�t cz,.:.�::and Lprtder may at any t.r:�ar.G w.:"�' �auae 2��C�"•t a . ,
<br /> ,�' �f� �����: ° successor o�subsli';���'�s`°e•Trusiee c�^2:1 r.of Ce:�21�i?-W any pdrty.inc�u9ing wdhou►limitat�on Ler.C�r:�:;'�w��r,Trustar or any .
<br /> . �,1..`.;:�.• .'-,'.1 '�
<br /> purChe3@�OttheP�Opb'ty.?�r8ny16ss0���a5e�ri�sBCLetoreCK(essorwilliulm�sconduct.andsha�lr.atte:�a.:.�iredtotakeany j
<br /> �••�4; aCtlOn in ConneCGOn w-�'?"•`�e eriarc�^�er,t Ot this Deed of T•�at unless inComnil�ed,ln writing,tor all ccs�. Compensation or
<br /> • �• � �� �`�:;,. expenaes which may be ass4ciate��E'ewith.In addihon,Trustee may become a purchaser at any sale of tfie Property Qudicial or t
<br /> : _ . _. _ "`�,�.�; .� under the power of sale granted fer�7;;postpone the sale of all or any portion o1 the Property,as proWded by taw:or setl the .
<br /> � PropeAy as a whole.o�in Separats F4rcels or lots atTr�st�e's discretion. �
<br /> � 14. F�s and Exp�e•.�s.tn ttre event Trustee setlg tne Property by exercise o}power o1 sale,Trustee shalt be entiUed to epp►y
<br /> any sate proceeds tirst ta paymenl ot al►cosis and expenaes at exercising power ot sale.tnetuding a!1 Trustea's fees,and Lender's • .
<br /> ' artd Trustee's attomey's tees,actualty lncurred to extent permitted by applicabte+aw.ln thv event Borrower or Trustor exercises any ;
<br /> ' � . . Nght provided by law to cure en Everd ot 0etgult,l.ender shall be ent�tlad to recover twm Zrustor atl costs and e�pense9 ectually
<br /> • `" ' incurred as a result of Trustar's detault including wltRaut lim�tat�on a11?rustee's and attomey`s tees,to the extent permitted by .
<br /> `. ,• _-,. appllaabte law. • ' -
<br /> - -�• - ' � --- �--�-- 15 futur�Adva�as.31paa rcqusst.a!8auower_.Lend�r.mxy�Rt its option,make addit+onal and tuture advartces and re• � __
<br /> -_- . -----_
<br /> .,. • �
<br /> - =--�— -
<br /> advancea to Borrower.Such advances and readvar.ces,wlth inte�esl therea s e cured by this 6eed olTrust At notrr�e snan ,
<br /> • the principal amount of!he indebtedness secured by tit�s�tled of Trust,n��msadvanced to protect the secuNty vt thls. _
<br /> • • � . Oeed ut Trust exceed the ortgina!prtncipal amount stated herein,ar S -whtchever�s greater. � .
<br /> •. , •
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