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<br /> _ � + � 'Procasda'In connoctlan with condemnatlon or othor taking oi tho Property or part thermot,or for conveyanco in Ileu at con amnc�tlon. -:_�
<br /> ' - Lendar ahall be ontitled at(te optlon to commence,appbar In snd prosecute In ite own name any actlon ar proceedings,and shall also "�
<br /> .� lx�ontltlod to mflEco any compromiso or sotllomsnl In connaction with auch takinp or damspe.In tho ovont any portlon ot tha Proporty Is �;
<br /> �--,�� aa ieRaa a�����a�au,L���4 r at�;,B hss;�Ilt�cptfcs�fr,!ts ea!e as�J e�se�!tsts c'.!s..^ratl��, tn eppl;ai!et!�h pro:eeda, �Itnr dcducung �
<br /> ` "' therefrom RII casta and expenses Inaurred by it in oonnection wlth sush Proceeds,upon any IrtdobtQdnosa socurad herei�y esnd In such "
<br />_�.�� � ordor es lsr►�er may determine,or to apply sll eucb Proceoda,eftor such deductlons,to the restoratlon oi tha PropeAy upon such con-
<br /> ��n dlUons as Londor may determine.Any appllcatlon of Procesda to Indebiedness shall not oxtend or poatpone the due date o1 any pay- �
<br />;';4`�,.„� . mente under tt»Note,or cura any delauit thereunder or hereundc+r.Any unapplled tunds sh�ll be pald ro T�uator. -
<br /> .. ' � 8. P�rformanc�by MntNr. Upon the occurcance ot an Event of Detautt hereunder,or if eny ect Is taken or legal procaedng _
<br /> '' commanc�d��filch matodaily aftcet�Lertdero Intere�t{n tha Pro�rty,Lertder may In Ite own discreiton,but w�thout o411gatlon to do 50. ,-
<br />_:Y},`"��:.:•, , snd without notk:e to or demend upon Truator end without relessing Truator irom sny obilgation,do any ect whlch T�ustor hae egraed
<br /> � but tafled to do a�cl may also do any other act(t dAeme necessary to protect the secunty hereof.Truator ehell, immedietety upon
<br /> _:at�,l. demand therefor by Lender,pay to l.ander all costs and expenses incurred and sumo expended by l.ender In connectlon w�th tho ezer-
<br /> cise by Lee�der ot the foregoing rights,together with Interest thereon at the default rete provfded in the Note,wh�h si�afl be ed�d to
<br />°— the indebtedr�ess secured hereby.Lend�ir shait not incur any IlabUity becausa oi anything It m�y do or omit to do heraunder.
<br /> ���.�,'�z 0.N�erdous�ttrlal�.Trustor chall keop the Property in compliance wUh all applicabb laws,ordinancea and rogul�Uona
<br /> '�"' relating to industrial hygtene or envlronmsntel pratectlon(coilectivety retarred to haraSn u�"Env;ronmpntal I.aws").Trustor sfiatl keep -
<br /> ��;'��'" the Property tree from all substances deomod to be hazardous or toxio under any Envlronmentet La�vs(aolte�clivofy ruforrad to hereln
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<br /> `�`% ' as"iia�urciaus Materinls�.TNStor heraby warrants and represents to Lender fhat there are no HazarBouo Matatlala on or unddr the
<br />- �;;�,�;t,. Properiy.Tmstor heraby agrees to Indomniiy and hold hartnless Lender,its directors,officerE,emp{oyess ancl agents,antl any aucces-
<br />"" �';.�;.• eore to Londe�s Interest,from and Apait�st any end all claims,damages,losses end IIablUtiea adsing irt connection with tho presence. -
<br />"�'-���_ use,disposal or transpod ot eny Hazerdaus Materfals on,under,irom or about the Property.Tt-IE FOR�CiOlNC3 WARRANTIES ANa
<br />--_�_,� REPRESENTATION3,ANO TRUSTOR'S OBI.IGATIONS PURSUANT TO THE FOREt301NG INnEMNITY, SHALL SURVIVE _
<br /> -�'`�� R�GONV�YAN��OF THIS OEED OF TRUST.
<br /> ���`� 10.Assl ntnenb af RsnU.Trustor hereb assi ns to Lentfer,and rants Lender a sscud Interest in,all resen�future end �
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<br /> �. atter adsing renta,issues and proflts oi the P�operty;provided that Trustor shall,unUl the occurrence of an Event of Detauit,hereunder.
<br /> `���� •�; have the dght to coUect and retain such�ents,issues and proflto as they become due and payable.Upon the occurrenco oi an Event of
<br />` �'"'`�� Detauit,Lender may,elther in person or by agent,v�Jth or w(thout bdnging any aclton or proceed(ng,or by a receiver appointed by a
<br />.�.t�;; court snd without rec�Ard to the adequacy of tts security,entor upon and take possessfon of the Property,ar any pert thareof,In its own
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<br /> ,,;a.,,�.� nama or in the name af the Truatee,and do sny acte�vhich it deema necessary or deslreble ta presenre the value,marketaWUry or
<br /> renteb(Ilry ot the Property,or any part thereof or interest thereln,or to�ncrease the lncome theretrom or protect tfie secu�ity hereof end.
<br /> -� -- wfth or withc►ut taking pos�esslon of the Property,sua(or or otherwfse coltect tf�e renQs,lssu6s and pro�ts tttor'�.8f,including th�pss*
<br /> — due and unpaid,by noUtying tenants to meke paymente to Lender.Lender may epply renta,issuea and profito,less casts and expens-
<br /> es of operatbn and collection Including ettomeys fees,to eny Indebtedness secured hereby,all tn such order es I.ender may deter-
<br /> mine.The entedng upan and takireg possessfon oi the Property, the caltectton of auch rents,issues and protfis,w�d the eppHcaUon
<br /> thereof ea atoresa{d shall not curo or waive any defauit or notice oi detauft hereundsr c,r invalidate any ect done tn response to such -
<br /> _ defauit or pureuant to auch notica ot deteutt and, notwithstanding ihe coniinuance in possassivn oi ii�a piiriro�ir 'v�iiia wf�:�;+:.
<br /> receipt and eppli�at(on of rents,issues or protite,Tnistee and Lender sha0 be entfUed ta exercise every rtght provldAd tor in eny ot the
<br /> :� Loan Instrumente or by Iaw upon occurrence ot eny Event of Defauft,including without Iimitatlon the�ight to exeroise tha pawer oi eale.
<br /> Further,Lendere�ighte and remedies under this paragraph shall be cumulative wlth,and in no way a Iimftation on,LAnder's r(ghta end
<br /> remediea under any assignment of le�aKee and renta recarded agafnst the Propertyr.Lender,Truatee and the recelver ehall be ilable to
<br /> accaunt only tor those rents ectualiy received.
<br /> 11.EvinU ot DNau�.The tolbwirp shr►III constltute an Event of Default under this Deed o!Trust
<br /> (a)Faflure to pay any InstNirtQent of principN or Interest of any other sum secured hereby when due;
<br /> (b)A breach of or defautt under any provision contained In the Note,thla Deed of Truat,any of the Loen instrumente,or eny
<br /> other B�n or encumbrnnce upon tfie Property;
<br /> {c)A wrft at execuUon or sttachment or eny similar process shall be e;►tered aga►nst Trustor whtch shall become a Ilen nn
<br /> the Property or any portlon thereof or Uterest thereln;
<br /> (d)There sheil be tiled by a agalnst Trustor or Borrower an action undor any present or tuture tederal,state or other statute.
<br /> {ew or repulation rela�ng to bankruptcy,Insolvency or othar rellef tor dobtors;or the�e shall be eppointed eny hustae.receiver or
<br /> Ik�utdator of T�ustnr or i3orrower or of all or any�oaA of the Property,or tho rents,ias�ses or proflts thereof,or Trustor a Bwrower
<br /> shall rnak�e any genere!assiflnment tor the beneIIt ot creditors;
<br /> (e)The saie,transter,lease. asstgnment,conveyance or fudher encumbrance of eli or any puR ot or eny interest in the
<br /> Properiy,etther voiunterily or Involuntediy,without tho oxpress wdtten consent ot Lender,provided that Truator shalt be permtt-
<br /> ted tp execute a lease of tho Property that dooa not contaln an op�on to purchase and tha tertn of wt►Ich does not exoeed one
<br /> - year,
<br /> (�Msndaxnent of the Property;or
<br /> (y)It Tn�stor Is not an individual, the Issvance,sale,transfer,asslgnment,conveyance or encumtKance of more than(if a
<br /> : corporaUon)a total of percent of its Issued and outetanding atock,or(if a perfiorshlp)a totel ot per-
<br /> _ cent of partnershlp Interost9,or(if a Bmited ilability company)a total ot percent af the Ilmited Iiebiiiry compa- _
<br /> � - ny intereate or votlng dgfi�]s dudng the pedod this Deed of Trust remains a Ilen on the properly. -
<br /> � --�" 12.l�rtMdNs;AcqNratltx�Upon De}�uit In the event of any Event of Defauft l.ender may,witfiout noUce oxcopt as req�red -
<br /> = by faw,dedare all Indebtedness seCUred hereby to be due and payeble and the same sha�l thereupon becczme due and payabte wil1�-
<br /> out any presentment,demand,protest or notico of any kind.Thereatter Lender may:
<br /> (a)Derr�arid that Trustee exerdse the POWER OF SALE grentsd hereln,and Trustee shall tiieveafter cauaes Trustor's Mler-
<br />:� est In the Property to be sold and the proceeds to be distributed,all In the manner providod tn Hw tdebraske 7rust Deods Acl;
<br /> - -____ (b)Exercise any and a!I dghts provided for in eny of the Loan Instrumants or by law upon occurtence of any Event of
<br /> - -—= Detautt•and -
<br /> -----� (c)Commence an action to foreclose this Qeed of Trust as a mortgage,appolnt e receiver,or speciiica►ty entores any oith� __,
<br /> ---__��' covenanb hereot.
<br /> -�"`°``'�"� No rerrady here{n conferred upon or reserved to Trustee or Lender Is intended Vi be exclusive ot any other remedy hereln,ln tbe L,oan
<br /> —���'��� Instrumenta w by law provided or pemnitled,but each shall ba cumutaUve,shs11 be in addi8on to every oiher remedy ghren hereuncier, -
<br /> =�-:o��� tn the Loan tnstruments or now or herealter exlsting at law or In equlry or by statute,and may be exercised concumenty,Independently _
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<br /> �;�y O�Bl1CCQSIV@Iy.
<br /> �. 13.TtustN.The Trustee maY resl��at any Ume wtthout Causs,and Lender may at any t(me c�rsd witt�out cause�point a suc
<br /> - ��;`:,, ` ce3sor or subsUtute Trustee.7rustae st�all not be Ilabla to any party,lnCluding without Iimitation Lender,eorrower,Trustor or any pur-
<br /> ,�„ chaser oT the Properry,tor any loss or damage unless due to roCkless or wilHut misconduct,and shall not be roquired to take any ecNon r
<br /> a��s�.. .: (n connectlon with the enforcement of U�Is l�sed of TNSt unioss indemnifled,In wriUng,tor all costs,compenac�tlon or expenses wNch _,
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<br /> _ may be a^,sociated therewith.In addition,Trustee may become a purchaser at any eale oi the Property Qudiclat or under the power ot
<br />.-- -''=�Y"�!=`�'� sale grented herefn);postpoivs the sate ol all or any portion ot the PropeNy,ag providod by law;or sell the Property as a whole,a in _
<br /> �;�`"���:�'Y- separete panoels or lote at Trustoe's discreUon. -
<br /> � =���v� 14.F�ss atd Ezp�nsei.1�the event Trusteo sells the Proporty by exercise of power ot sate,Trustee sha;t be entiUed to eppty °
<br /> ° : ; ,;� any sale pn�ceecfs tirst to paymeni ot aU cost.s arxl expenses of exercising power ot sale,Including all Trustee's tees,and Lendor's and _
<br />- . Trustee's sttomey's teos, uctvaity(ncuned to ext�nt permittod by appl�able law. In the event Borrower or Trustor exercises any dght _.
<br /> ,�. provided by law to cure an Event o!Defauft.Lender shall be entltied to recover trom Trustor all costn and expenses actual l y Incurred as
<br /> � -� a resu�t oi Trt�s4or'e detauit,lncluding without Nmfiatlon a�l Trusteo's an�l attomey's feea,to the extont permitted by epql{cabte law.
<br /> •Y«.� ,y,,;..� 1S.Futun Advanchs.Upon request ot Borrower,Lender may,et Ite option,make additbnal and tuture advances and read-
<br /> ' ••'�''.:' ' '' va��ces to Borrower.Such edvances ar►d readvances,with Interest thereon,shall be securod by this Deed ot Trust At no Ume sha�tho
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