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<br /> �'�; �. ;�.�.. ,�- th�Prop�Ay I��o takan or damop�d,L�nd�r�h�ll h�vo th�aptlon,In Its eote and ab�oluts dl�crotlon,fo epply all�uah ProaNd�,
<br /> :����`�"�'' �:�'•�. � �R�r d�ducpnp Ih�nlrom dl co�b and�Mp�nw�Incun�d by It In conn�allon with wch Proce�d�,upon ony Indebtsdnan aaund
<br /> ,� „' •;� . • h�nby�nd In ruch ord�r�� L�nd�r m�y d`t�rmin�,or to apply all such Proce�d�.alt�r tuah doducUom,to the ro�rontlon ol th�
<br /> � Prop�rly upon suoh condlllon��s Lond�r m�y dotarmine.Any ap{Nlcallon ol Procaad�b Indobt�dn��a�hall not oxt�nd or po�tpon�
<br /> `.�j, ,.:..� .�- •• •••� th�due data nf�ny peymanto undar Iho Nol�,or cun any dohult iho►oundor or horaundor.Any un�pplf�d lunds th�ll b�pdd to
<br /> Tru�Wr.
<br /> ,� � ' ' 8. P��lonn�na�by L�nd�r.Upon the oacurrance ol an Event ol Del�ult hareunder,or If ony act It takon or lapel proce�dinp
<br /> � - �� �� - commenced which matenally aflecls Lendor'o Intere�t In Iha Properiy,Londer mny In It8 awn dlscreuon.h�t wlthout obllpetlon to do � _-�,,�-.-�__
<br /> �� . �, �to,and wMhout�otice to or demend upon Truelor and wlthoul ruleaeing Trurior Iram any obllQatlon,do any act which Tru�tor ha�
<br /> ,�� "' •• � �� epreed but feila to do and may al�o do any other aat I�deems neceeaery to protect!he eecurlry hereol.Truetor ehell.Immedietety
<br /> . �• • upon demend theretor by Lender,pay to L6nder all coate and expeneea incurred and auma expended by Lender In connectfon wlth
<br />�"• •• �, ' lhe ezercise by Lender ol the loregoing riphte,together wfih intarest thereon at the delault rate provlded fn lhe Note,whfch ehell bp ,
<br /> • � • • , edded to the mdebtedneee se.ured herbby. Lender shell not Incur any Ifebility becauoe ot anylhinq it may do or omlt to do
<br /> �,•�, • ,• _, nereunder.
<br /> • 9. Hazardous M�t��lola.Truator shall keep the Prope►ty In compu�nce with all apFlfcab�e laws, ordinances and re{�ulatlona _ _.._
<br /> , , " �� � � relating to Industrlal hygiene ar envlronmental protection(collechvely referred to herein as °E�v�ronmental I.awa").Trustor ahall - —
<br /> � ti . • keep the?ropdrty(ree from sll substances deemed to be hazardous or toxic under any Env�rcr.m.er�al Laws(colle:Uvely referred to
<br /> � hereln as"Hazerdous Maler�alR').Trustor hereby warrants and repreeents to l.ender that trere ate no Hezardous Mete►fals on or
<br /> � � under the Property.Truslor hereby agrees to Indemndy and hold harmless Lender,rts directors,efif�eers,employees and agants,and
<br /> -- any successors to Lender's interest,from and agelnst any and all claims,demages,losses ard'iab�lities arfsing in connectlon with
<br /> 'r'� '�, ' J tha preaence, use,dlaposel er transport of any Hezardous Malerials on, under,(rom or aGout the Property.THE FORECi01NCi -
<br /> �. • r a A WARRANTIES AND REPRESENTATIONS,AND TRUSTOR'S 08L13ATION3 PURSUANT TO THE FGREOOIN(3 INDEMNITY,SHALL
<br /> �.,br..:?k
<br /> ":;�.:y'�t;.,-,�,;. SURVIVE RFCONVEYr\NCE OF THIS DEED OF TpUST. .��—_
<br /> �;:.. f 0. A�olQnm�nt of R�ntt.Trustor hereby assigns ta Lender the rents,issues ar�d prohts ol�he Property;provided that Trustor .� _
<br /> `�;�:�'`' • ahall,untll tha occurrence of an Event ol Default hereunder,heve Ihe riflht co collect aod retam such renta,issues and prufits as they ,r•�.�4 � .----�
<br /> , �� ` '�l7�1� �,� become due end payable.Upon Ihe occurrence of an Event o(Oetault,Lender may,erther in peraon or by egent,wdh or wlthout !r•.y:�• �.�,���:s.�-
<br /> :,1,,., , ..
<br /> � ' ,s:�r:;;��' bringing any actlon or proceedinp,or b��a receiver appointed by a court and wrthout regard to tiie adequacy ot�ts sac�rfty,enter ;�,s�Y_�
<br /> �•�•J.� upon and take possession of the Property,or any part thereof,in its own name or m the name ol lhe Trustee,and do any acts whiah it ��,�.��,;..,,_
<br /> � ' r�,:�,��.�`S'• deems necossary or deslrable to preserve the value,marketability or rentabdity of the Proparly.or any part Iher�o(or interest therein, •. • �•H,
<br /> , • �-
<br /> �,;,;�,����;��A .;�;� , lncrease the Income therefrom ur protect the securlty horoot and,w�th or�rdhoul takmg possess�on of the Property,sue for or ,��+��_;`=:`��-�
<br /> � ��:���.;;•�.�,..�,�, otherwise collact tho rents, iesues and Erollts thereof,mcluding thase past due and unpaid,and apply 1he same,leas costs and '
<br /> ��,I�;tF:"[�.,:�1�:•... ' —
<br /> ,. ,� .;;,,� eMpensas ol operatlon and catlection including Attorneys'fees,upon�ny�ndebte�inpsta secur�d hAraby,a11 in guch nrder As LRndAr 1
<br /> ��;i.; . f�.�;,,`;;,:�� may determine.The entering upon and;aking possusa�on of the Properry,the conection ot such rents,iasues and protits and!he �-=}.,,r,..?+�.;sa'`'�
<br /> �' �' �` appllcation thereof as aforesaid,shall not cure or waivo any defaWt or rouce ot aelault hereunder or�nvandate any act done in ( ��'v;���.�
<br /> �'.��';�, ' ,:.,�;,.,i��,�f-. Y. '.. . ~;
<br /> ;.. ,. � ,�, , responae to such deteult or pursuant to s�oh notice ot delault and,notwrthstanding thecontlnuence�n pussession ot the Properry or
<br /> �„�r � ` ''` �; � the collectlon,recefpt and appl�cetlon of rente,issuea or proflts,and Trustee and Lander shall be enutled to exerc�se every right '+n"�'�;��!��
<br /> • , pravlded for in any o(the Loan Instrurrents or by iaw upon occurrence ci ar:y cvant�t�ntault,��������r�a�i��u;���itattar tho r:ght �=�°= =_•.'' `�`=
<br /> <<'•,., ' to exarclae tlie power of sale.Fu�ther,Lender's nghls and�emedies urder tn;s paragraph shall be cumulative wilh,and in na way a � , '�
<br /> ' Umltation on,Lender's rights and remedies under any ass�grtment ci leases and rents recorded against the Property.Lender,Trustee �,Y.,�,,.-s,.:�.
<br /> ,�s � and the recewer shall de hAble to account only far those rer.s ac:�sly reCewad. �+;ry"���,�_„��'
<br /> Tf,:..d•: .
<br /> 11.Ev�nts o1 Dofaull.The tollow�ng shal;C�nsutute an Ever.t :I Detault under th�s Deed of Trust: �.�•��•� -
<br /> � (a) Faflure lo pay any mstellment of pnnapal or intE�res�ol an o�lier sum secured hereb whon duo; ' �"'"�''
<br /> s :.
<br /> �� (o) A breach of or delault under any provis�on contained in the Note,this Deed ol frust,any of the Loan Instrumenta,or any �. �, ��
<br /> other Ilen or encumbranco upon the Property; � �
<br /> . (c) A wrlt ol ex9CUtion or attachment or ar�y similnr process shall be entered againat Trustor wh�Ch shall become a lien on .��r.;:-.. � �
<br /> the�ropertv oi any portion thereol or m�eresl tnare�n, �`. �
<br /> (d) There shAll be fded by or aga�nst Trustor or BorrowKr an ��ction under any present or future lederal,state qr other � ;,- ��=6
<br /> stnlute,law Or regulaUon rulahng to bankruptcy.+nsolvency or uther nluet for debtor5,or Ihere shall be appointed any truetee, -
<br /> .. retei ier or liywdator of Trustor oi Borrower or ol:�11 or�ny part of the Property o•the rents,�ssues or proHis thereot,or Trustor r . ;�.:1: _-.
<br /> , or 8orrower shall make any general assignment lar the benetd ol creddors. � -_
<br /> ' , �g) The ga'e, tranafer.lease. assignmont,conveyanoe or turther�nc�mbrance o�nu or any part ol or any�ntereat In the .
<br /> Property. either voluntenly oi mvoluntAnly, Wilhout the �xpress �Hntlen conaent �t Lender,provlded that Trustor shall be
<br /> perm�tted to exec�te a lease of tne Property thar doe�not co�:a�n an opUOn to purchase and the term ot which doea not exCeed _ -••--
<br /> one year; _�_
<br /> . (q Abandonment o1 the Properry; or � • 'r__
<br /> • . (g) I(Trustor is not an mcf�wdua�.the�ss�ance 53:e.trar.ster,ass�gnmenl,cunveyance or encumbrance of more than a total _��,_„�
<br /> {��:
<br /> of perceot o!1�1 a corporatfonl�ts�s5�ea snd outstanding srock or nf a partnership�a totel 01 _ percent of ; �-'�i.
<br /> �j�,:�•��� • partnersh�p mterests dunng the penod th�s Deed ot Trust remains a I�en on Ine Property „
<br /> • . • . 12. q�medl�s;Acetlwalbn Upon Doteull.In tne event of nny Event of Default Lender may,w�thout not�ce except as reqwred by
<br /> law,deClare all mdebtedness secured hereby to be due and payablt and the same shall tnereupon becomo due and payable ; _. • •
<br /> 1. w�thout any prese�tment,demand.protest or noUCe of any kmd Thereafter Lender m�y.
<br /> �a) Oemand that Trustee ezerC�se the POWER OF SALE granted he�em, and Trustee shall therealter Cause Truetor's
<br /> ;' ' � fnte�eSt in the Property tC 7e so�tl and the p�oceetls lo be distributed,all in the manner provided�n lho��ebreska Trust DeedB
<br /> � _ . AcC
<br /> (b) Exerase any a�d a:i nghts p�ov�ded(or �n any of the Loan Instruments or by Inw upon occurronce of ary Event of
<br /> Delau�c,and
<br /> (c) Commance an actron to fo�ec+ose tn�s Deea ot Trust as a mo�tgage,appomt a recerver.or specd�cally enforCe any o'the
<br /> covenants hereof.
<br /> � �� NO remedy herein conferred upOn or reserved t�Trustee Or Lendor is�ntended to be exclusive of any ather remedy hereln,in the •
<br /> �� `1' ' loa�Instruments or by iaw provitled or permdted.huc each shail be cumulat�ve shall be�n add�t�on fc avery other remedy gwen
<br /> � • � hereunder.�n the Loan Instruments or now or hereafter ex�sUn9 at�aw or�n rquay ur uy statute..ind neay be exvrcised concurrently.
<br /> mdependently or succESS�voly.
<br /> ' 13. Trwtoa The Tr:,stee may res�gn at any t�me w�thout ca�se. :�na LNnder may at any tu,ie and wdhout cau�e nppoim a
<br /> • • � SuCCessor or subsLlute TruBtee Trustee shall not be��able�o:tny pairy.mclud�ng without hmrtation lendar,pOrrowar.�rustor or a�y
<br /> � purchaser ot the Properly,for any ioss or damage;�n�uss due to reckiess or w�lilul m�sconduct,a�d shall not be reqwred to take any
<br /> � '"�� �I action�n connection w�th the ontorcument o� th�s Deed ot T�ust unlas3�ndemmtied.in wnt�ng.(or all costs, compunsation or
<br /> _.�:. :..��7\'..... , j . ."'"_ ��.�__.. �_����.....�...��M......�..�H �.,�.�.�.�..... T...o�co mav harnma a niurhaaar at anv sAle of 1hE)PrODBrtV IIUdIC181 Of ..
<br /> __... . .. ... . tlAFlCIIJ60 ttl�lll.11 ll�u) vo o.s�vu�u.�.�...�..�.......... �
<br /> �. � .� ,��!�,' .
<br /> , . . under Ihe power ol sale granted here�n�, poslpone the sa�e of all or any portion ol the Properry,as provided by law:or sell the
<br /> � � Properly as a wliole. o�m separate pnrcels or lols at Tr�stee s d�scretion.
<br /> , 1 A. Fau and Exp�n�as,In Ihe event TrustQe seils Ine Prope�ty by exerc�se of power ol sale,Trustee shall bo entitled to apply
<br /> eny 381e proceeds first to payment ot all costs and��xpenses of exerc�sing puwer of gale.includ�ng a�l Truste�'s fees,and Lender's
<br /> . end Trustee's attorney's tees,aclually�ncurred to eztent permitted by applicable�aw In the event Borrower or 7rustor exercises any
<br /> • right provided by law to cure an Evar�t of Default Lender shatl be entftlod to recover trom'i rustor all costs and erpenses actually
<br /> Incurred e8 a result of 7rustor's delaull, including w�thout I�mitat�on all Trustee's and atlorney's�ees,to Ihe extent permitted by
<br /> appllCebl018w.
<br /> 15. Fuluro Advancu. Upon request ol Borrower.l.ander may. at�ts optiOn, make additional �nd future advances and re-
<br /> advances to Borrower.Such advances and readvancas.wdh�nterest thereon,snall be secured by th�s Deed of Trust.At no t�me shau
<br /> the pnnCfpal emount ol Ihe indebtedness secured by this Deed of Trust.��������wns advanced to proteCt the secunty of this
<br /> Deed of Trust,exceed the onginal pnncipal amount stated herem.or$.__—_—»whichever�s greater.
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