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<br /> „ ' 7. �i nent Domain. Lender ie hereby assigned all compen�a- � ,� •��
<br /> ° ' tion, awarde, damages an d ot her payme n t s o r r e l i e f (h e r e i n a f t e r __
<br /> � �� „proceeds") in conneation with condemnation or othor tekinq of �
<br /> � the Property or part thereof, or for conveyance in lieu of con- �__
<br /> demnatfon. Lender ehall be entitlod at its op�ion tu commence,
<br /> nppear in and prosecute in its own naa►e any action or proceed-
<br /> inga, and ehall also be en�itled to make any compromiee or set-
<br />� tlement in connection with euch taking or damaqe. in the event _
<br /> - any portion of the Property is so taken or damaqed, Lender shall �
<br /> have the option, it ite sole and absolute discretion, to apply ���::
<br /> al�. such Proceede, after deducting therefrom all coets and
<br /> - expense6 incurrod by it in connection with such Proceeds, upon � �
<br /> . any indebtedness secured hereby and in such order as Lender may _
<br /> � determine, cr to apply all such Proceede, after such deductione,
<br /> to �he restoration of the Property upon euch conditions as Lender �'� - --
<br /> msy de�ermine. Any appl icat ion o f Proceeds to entsbunderBthehall �,.;--, __:
<br /> not extend or postpone the due date of any PaYm �Y �applisd �v
<br /> Note, or cure any default thereunder or hereunder. �C , }
<br /> funds shall be paid to Truator. E��'��
<br /> . � e. Performance by Lender. Upon the occurrence of an Event 'u:;:�;;y:�
<br /> Default hereunder, or if any act ie taken or legal proceeding �� '•�; � _=
<br /> � of � __
<br /> , I conqnenced, which materially af f ecte Lender's interest in tbe . __ _
<br /> Property, Lender may in ita own diecretion, but wifihout obliga- �� -
<br /> �� tion to do so, and without notice to or demand upon Trustor and ��-
<br /> without releasing Trustor from any obliqatfon, do any act which
<br /> Trustor has aqreed but fails to do and may also do any other act � �
<br /> -- --- - deems necessa to L��eat the secur3ty hereQf. Trustor .. �,{=
<br /> i� � �' a to Lender { . -
<br /> � ' shall, immediately upon demand therefor by Lender, p y i .,. �
<br /> all coets and eupenses incurred and sume espended by Lender in � �
<br /> � � conneation with the exercise by Lender of the forego3.ng rights, �
<br /> � toqether with interest thereon at the default rate provided in
<br /> the Note, which shall be added to the indebtedness seaured
<br /> hereby. Lender shall not incur any liability because of anything i
<br /> it may do or omit to do hereunder. �'�.f�
<br /> � 9. Ha ardoue Mater�}.als. Truator shall keep the Property in '�J
<br /> compliance with all applicable lawe, ordinances and regulations i ,- •;
<br /> relating to industrial hyqiene or environmental protection ; .,,.�,_=
<br /> �� (collectively referred to herein ae "Environmental Laws") . : ��r^�-- ,
<br /> Trustor ehall keep the Property free f rom all substances deemed �,�_
<br /> to be hazardoue or toxic under any Environmental Laws _
<br /> I (collectively referred to herein as "Hazardous Materials��). � -
<br /> � i Trustor hereby warran�s and represents to Lender that there are
<br /> ` no Hazardous Materisls on or under the Property. Trustor hereby _ ..����._
<br /> , {._ ; .
<br /> , 1 agrees to indemnify and hold harmless Lender, its directors, ;.;._�,�:�•
<br /> officers, employees and agents, and any successors to Lender's � .;, � ..
<br /> interest, from and against any and all claims, damaqes, losses
<br /> ' and liabilities arising in connection with the presence, use dis- �
<br /> � posal or transport of any Hazardous Materials on, under, from or
<br /> about the Property. THE FOREGOING WARRANTIES AND REPRESENTATION,
<br /> AND TRUSTOR'S OBLIGATION3 PURSUANT TO TNE FOREGOING INDEMNITY,
<br /> SHALL SURVIVE RECONVEYANCE OF THIS DEED OF TRU3T.
<br /> 10. Assignment of Rents. Trustor hereby assigns to Lender .
<br /> the rents, issues and profits of the Property, provided that
<br /> Trustor shall, until the occurrence of an Event of Default here-
<br /> ' ; under, have the right to collect and retain such rents, issues
<br /> and profits as they become due and payable. Upon the occurrence
<br /> � of an Event of Default, Lender may, either in person or by aqent,
<br /> � j with or without bringinq any action or proceeding, or by a
<br /> ,_�_� L__ _ .�� e..a ..;�►...�.t ronarA tn the 8d@QUgCY
<br /> II'@C@1V@r H�1pU1LLLlSU 1Jp ct i.'vut., uu.. :.�w....._ __7__- - - _ '
<br /> , of its security, enter upon and take possession of the Property,
<br /> � or any part thereof, in its own name or in the name of the
<br /> Trustee, and do any acts which it deems necessary or desirable to
<br /> preserve the value, marketability or rentability of the Property,
<br /> � or any part thereof, or interest therein, increase the income
<br /> therefrom, or protect the security th�reof, and, with or without
<br /> taking possession of the Prope rty, sue for, or otherwise collect,
<br /> the rents, issues and profits thereof, including those past due
<br /> �� ' 3
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