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<br /> ' °Pro�c�d�")in connectian wlth condomnatlon or other takin{�01 the Pra�perty or poR thereof,or tor conveyanco In Ileu of wndomnatfon. �;,-_
<br /> Lond�r ch�ll b�ontitlod aE Ito ontlfln to commonce,opponr In and prosecuto In ita own namp any action or procood;ngs,and ahall c�lsa
<br /> � - f�eniitfod lo�iiuke ar�y�umpmmta�or��tt��rr�nt!n con+�ectlon wlth auch t�king or dnmago.In tho ovc�nt any portlon at tho Proga�ty I:, � _
<br /> so taken or dampged, Londor ehall have lhe apllon In Ita co:o an�absolutQ dlscrAtlon, to e�ply ull such proCeeds, aitor deaucii�i j
<br /> ;�� theretrom sll costs atnd expensea Incurrsd by I4 in connect{nn wlth such Prxoads,upon any Indebtednoss socured hereby and in such ��_
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<br /> order�e Lender me►y determine,or to epply ell such Prncoeda,nftet such deduc�ons,t4 tho restoratbn ot the Property upon euch con- �,_.
<br /> : , .�:�, dilk�na as Lender may detarmine.Any eppi{CBtta�of Proceeda to Indebtedness 6ha11 not extend or postpone the due date o}any pay- �
<br /> monts under the Note,or cure any defauN ihereunzlor or hereunder.Any unapplied funds shall be pald to Truator. -;,
<br /> • 8,F�.^,�iv��dMi'w�4:111.07tZS.r. Upon tho occunonco o}An�vent of De}auli horeunder,or fl any act is tsken or leflal proceeding �c,'
<br /> " commanced wti�h materlaly ettecte lenders Intereat In the Praperty,Lender may in Ite own discretion,but wilhout obligation to do so,
<br /> , 1,.;;�� and without notke to or demand upon Truator and without releasing Tn�sTOr irom any obilgatlon,do eny act which Tnistor has agread �,
<br /> but tailed to do and may fliso do any other ect It deamo net�ss8ry to protect the socuri hereot.Trustor shall, immedintely�upon
<br /> .' ;;�. demand thsrefor by Lender,pny to Lender all casts end expensea incurred nnd suma expended hy Lender In connaction w(th the exer- �
<br /> �p�,�,,,�R�!� clse by Lender of tho toregoing►ighte,topother wlth interest thereon at the detauit �ate providsd in the Note�which shall be added to �_
<br /> the indebtednas�secured hereby.Lendor shnll not incu�any tiablliry because ol enythtng it may do or omtt m do hereunder. �,.
<br /> � �� • 9. Ha=a►dou�Mat�ri�l�.Trustor shafl keep lhe Property In campflarzca with all eppltcabl9 laws,ordinances and regutatbns -=
<br /> relaUnp to industdal hygiene or environmental prot�cpon(collectively referred to herofn ae"Environmentsl Laws").T�ustor shall keep
<br /> !�� the Propenyr free trc�m e11 substencea deemed to be hazardous or toxic under any Envlronmentsl I.aws(coltecUvoiy reterrod to tK►rein
<br /> es"Hazardous Matertats'�.Trustor hereby wartante and reprosente to Lerxler that thare aro no Hazardous Matedals on or under the ___
<br /> � Properry.7nrstor hereby agrees to Indemnf�y and hold hartnle&s Lender,ite directors,officers,employees and agents,and any succes- __
<br /> �; ':,;�..':Nf�;^ 6ors to Lendere Interest,from and agatnst any And all clalms,damupea,losses and Ilabi1141es a�ising fn connection with the prosence,
<br /> _ ,.�. .,. �,. use. disposal or transport oi eny Hazardous Mete�iate on,under,irom or aboul the Property.THE FOREGQINQ WARRANTIE8 AND
<br /> ='�= � �� " flEF'RESEM�AT{ONS, AN9 TRUSTOR'S OBLI�ATIONS PURSUANT TO THE FORECi01N0 INDEMN{TY, SHALL SURVIVE f
<br /> • � �i` • RECONVEYANCE OF TH18 DEED OF TfiUS7.
<br /> � - 1p,Asslpnmmt�of RMts.Trustor hereby essigna to Lender,and grante Lender a secur(ty IntArest in,e�l preserst,tuture and
<br /> after adsing rants,Issues and proflts ot the Property;provldad that Truator shall,until the occurrence of an Event of Detauit,herounder,
<br /> -==•,_-�� have the dgbt to col{ect and retaln�such rents>fesuea and proiits as they become due and payable.Upon the occurrence of an Evont o!
<br /> ' �r. .. Defauit,Lendor may,e�ther in person or by agent,with or without bringing arry acUon or proceeding,or by a recelver appointed by a
<br /> �' couR and without re�ard to the adequacy of Its secudry,enter upon anci take possesslon of the Pro�erty,or any part ther�of,in ite ow�
<br />-��'�`:°;�'•�• name or fn the name of the T►ustoe,ond do any acts which(t deema necessary or desirable to preserve the valuo,marketabflity or �
<br /> �:.�;,:f�;;, �y����y p��property,or any peR thereof or fnterest the��eln,or to hscresse th9 lncome U�eretrom or protect the secudty horeof end� `
<br /> `�:� ' wRh or without tektng possession of the PropeRy,aue tor or othervvlse collect the rente,issues and proflts thereof,including 4hose past
<br />-��;,� , rents,issuea and rofits,less c4sts and eW�ens-
<br /> =:�:,,,, due end unpatd,by notitying tenants to make pay�nenta to Lender.Lender may apply P
<br />-. _::,',�'• •. °: es of operation and ool�ectlon Including attorne�s fees.to any indebtedness secsued he�rdby�all in such order as Lender may deter-
<br />'J.::�.�`ti� mlrae.Tho entedng upon and taking possossioa o4 the Property, the collection o7 euch rente,Issues and proftis,end the appNcatbn
<br /> ---- � thereof as aforesaid shall rx�t cure or vraNe�ny clotautt or notice oi deiauii�o�ourri������+att�ai�ssr,r ac!':�.^�!.�i�'-�'fO�
<br /> �Y��f;� � defauit or pureuant ta sucfi notice of deiQUlt and, notwlthstanding the continuance In possessian of the prope�ty or the collecttlan,
<br /> - - ' recelpt and appllcatbn of rente,issues or profits,Trusteo and Lender shall be entitled to exercise every dght prov{ded tor in anv ot the
<br /> ----""'`�"� Loan Instruments or by law upon occurrence of a�y Event of Defauft,Inctudinp without IlmitaUon dee�ight to exerdse the powar of eale.
<br /> --J-�"'�'� Fu�theP.Lenders riphts and remedfes under this paragreph ehall be cumulative w1th,and In no way a IIm(taUan on,Londers�i9hte and
<br /> -"�- remedias under any assipnment af leasea and rents recorded agaUst the Properiy.Lender,Trustee and the reoeiver shatl be Iiable to
<br />--= _�— account oniy torthose rente actually rt�ceived.
<br /> � 11.Ewnts of DNauR.The tollo�ving shall constitute an Event of Defaull under this Deed of Truet:
<br /> -`""� (a)FaNuro to pay any Instaliment of pdnclpal or Intereat of any other sum secured heroby when due;
<br /> _ (b)A breech ot or defauft under any provls{on contalned In the Plota,th�ta Deed of Trust,any of the Loen instn►ments,or�ny
<br /> --- other Iien or encumbranco upon the Property;
<br /> --—�- (c)A wdt of execuUon or attachment or any slmilar procesR shatl be entered agalnst Trustor whlah ehall become a�len on
<br /> the Pnoperty or any portlon thereot or intarest therein;
<br /> ----- (c�Therti ehall be Hled by or egafnst Tniator or Borrower an ection under eny present or tuture tederal,state or other statute,
<br /> -= law or regulatbn relating to bankruptcy,Insotvency or ot�er reilef tor dobtors;or there ehail be appointed any trustee,recelver or
<br />- --- = Oquidator of Trustor or Borrower or of all or any part of the Property,orthe rents.Issuea or proflts thereof,or TNStor or Borrc�wer
<br /> � - �hail make eny yeneral assi8nment for the benefit of ceeditors;
<br /> (e)The sale,transter,lease,aasignment, corneyance ar turihe�er►cumbrance of all ar any part of or any Intesost in tt�e
<br /> __-Y-'-� p�dy,eithor voluntadly or tnvofuntan�y,wlthout the express wdtten consent of Lender,provided that Trustor shali be pemnit•
<br /> ted to execute a lease of the Property that does not Gontaln an optlon to purchase snd rise tortn of wh�h does not exceed one
<br /> - year.
<br /> __—:-_ ��pban�onment ot the Property;or
<br /> -= (g)It TNStor is not an individual,the issuance,sale,transfer,assignment,conveyance or encumbrar�ce of more than(it a
<br /> �___��.� corporetion)a total nf percent o}ite tssued and outstan�ng stock,or((f a partnership)a total of Re�•
<br /> � cent ot partner5hip htarests,or(If a Ilmited ilability company)a total of percent of tha limited Ilablllty compa•
<br /> _.N�__�n'� rry interests or votlng righta dudng the period thia Deed of Trust remains a Iier�on the property.
<br /> - .��.� 1p,RMned{�s;Acw�ratlon Upon D�fRUIt In tha event ol any Eventof Detault Lander may,without noUce except as required
<br /> ��-�;-���,� e with•
<br /> -:=-•��dF� by law,declare ail Inde4tedness secured hereby to bo due and payable and tha�same shall thereupon become due and payabl
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