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<br /> -,v . �t. ' . - � . 4�. �1t� i �..� •�� .. . t� �•�. '-.-
<br /> . �T ' .` ., . ' . . . . " . - .. "' . � `�" �Z��.
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<br /> � . •proceeds�in connection witt►condemnatton or other taidng of the PmpeRY or paR thereot.or far oonveyance in lieu of oondemnation. - - _
<br />-- . -�- ear in and wba in its own name any action or proceedings.and shaii also `-. °
<br /> - ` i ,. ;<` �nder shali 6a entitled at its aptior►to commance�8PP a� or damage.In the event arry Pcrtion ot the ProPerlY is . � `� -
<br /> romise ar seitlement in�onnectton with such taking ° � . .-•.,<� .
<br /> .� . . . ,� be entitteed fn make anll oomP atl such Pmoeeds. after deduding ` ;..;'Y- .t... ..,.-
<br /> ti d
<br /> ` so taken or damaged.Lender shail have tha opfron in i�sote and absolufe disaetlan.to ePAN
<br /> . . therefrom all casts and expanses incurre d by it in oonnecticn with such Pmoeeds.upon anY indebtedness secured hEreb o��mn- • .
<br /> ' •: � order as Lemfar maY detetmins.or W aPP�Y i�ca�u of P�viceeds to�in ebtedness shaft ot textend or��postAone the pdus date oi any PaY- ,
<br /> . . � ditians as Lender may Qetermine.Any aApt lied funds shaU be paid to Trustor. ' . • �.
<br /> � ments under the Note.or cure any defauit U��ceunder or hereunder.My unapp < `_�:
<br /> ' - ` g.perf�m�aace by Lsnde�.Upon Ue occumenoe of an Event oT Default h i�re��d�saedon,hut��ab��on UO�d°'s�. l� ` ` < < '
<br /> , . � Lender m�y '; F y�
<br /> ' �� •� �' �- oomrnenoed which materiaUy affeds Lenders interesc tn the PropertY.
<br /> ��'-�-'' and without notice to or demand upon Tnistor and withuut re�easing Tnistor fram any obtigatlon,do any ad whicb Tnistor has agreed .4•,`
<br /> to rotect the security hereoi.TNSOor shaD,immediateh►uDor�
<br /> .--�__��`.~=.. but faited to du and may atso do any other ad it deems necessary P •
<br /> `- -
<br /> ' demand therefor by Lender,pay to Lender a1i cosb and expenses ina�rred�+d su�expended by Ler►der in connecaon with e exer- __
<br /> � � cise by Lender of the toregoing rights,together with interest thereon at the default rate p�ro�d�o o�����ndeibe added ta ,
<br /> ` � . � the indebtedness se c u[e d here0y.Lender sha11 not incur ar►y IiabiCity oompiiance witl�ep aPPticabta laws.ordinances an0 teguta�ons . �=.f '
<br /> . . 9.Hammcdous tfA�Leriats.Trustor shall keep the PraDg�Y ;-...�,; ' .
<br /> � - ' . ,_ relating tn industriai hygiene or n���ed'to be�hazardoiuse or toxic undsr any Enviro mentai l-av+s(�'It�BlY��r St°herein y ," .
<br /> • � t h e P r o p e r t y f r e e f r o m a 1 1 s u b s t a . .
<br /> as•Hazardous Mate�fals°�.TnisMr hereby warrants and represe M s t o L e rt d e r t h a t t h e r e a re n o H a z a rt l o��g nts.and any s$ucoes- ,
<br />� � Properly.Tcustor hereby agrees to indemnify and hold t►arm�ess Lender,tts directnrs,off�cers,employees , . _
<br /> " � • � sors to Lenders intsrest.trom and against any and aU daims,dama8es.losses a�►d Crabflitles artsing in connecdon with the PrEe.Sge�D < r•�,��_.
<br /> 'i, . THE FOREGOlNIG WARRANT� r. '``_.«
<br />�� use.disposal or transport of any Harardous Materiais on.under,from or about the Property_ : (1
<br />,_ ; . . ,�.1.-;� RERRESENTATIONS, ANO TRUSTOTR�'S�BLIGATIONS PURSUANT TO THE FOREGOING INDEMNIITY, SHALL SURVIVE • ;^�
<br /> . RECONVEYANCE OF THIS OEED OF '{�� �=-.-•; __
<br />' � 10.Assignmert of Ren4s�.T f�e hP��pe�Pm d d�t�usto r�s h a 1.unti the �rrencs o an Ev n of�eha u i t�,he�se nder. .
<br /> - after arising rents.issues an p : � � -_-.-
<br />� have the right w ce�tect and rebin such r�ents.issues and profits�s 1hQy 6��°me due and payabte.Upon the oaurrence of an Eveirt of :,� .`:,.`.° -
<br /> ` ,r,I qefault,Lender may.either in person or by agan�with or wiffiout bBnging any►action or proceeding,or by a receiver appointed by a _ • •�a:
<br /> ::,::: �thereof.in ib ou�m '
<br /> .`r.- . . :�;'- n and take possession of the PrapeRy.or anY P :.�
<br /> ` couR and without r�8ard to the adequac5►of its security.enter upo or desirable to ptesenre the vafua.marketab�Tity or : --
<br /> � ��'���l name or in ttre name af tha Trostee,and do any acts which it deems necessary hereotan0, • '. ;c_�
<br /> � .��?.� rentabii'dy ot the Propertyr,or arry part thereof or interest therein,or to incraase the incume therefrom or proted the s�cur+tY ..-a-
<br /> ,� S Jy , F
<br /> ` ;,,, with or without laWng possession of the Propercy,sua for or othervuise callect the ren���u�a d pro ts,fess costs artd�eexpe+ls- � �.�''
<br /> - ,- • ::-y due and unpaid.bY notity(ng tenants to make payments to Lender.Lender maY aPp�y
<br /> . . es of operaHon and collection induding attome�/s fees.to anY indebtedness secured heceby.all in such or�der as Lender may Qeter- ..` ��`��_
<br /> ficaBon
<br /> ::;��:
<br /> the coNecBon of s�ch sents.issues and Prof+t�.and the app
<br /> � .' mine.The entering upon and taking possessian of the Property, e
<br /> � ".' 2 U�e�eot as aforesaid shall not cure or waive any defauit or nodce of detauit hereunder or fnvalfdate any act dane in resp�o�;�s o� ___ _
<br /> Ut �
<br /> defautt or pursuant to suct�notice of defauit and,notwithstanding the condnuance in possesslon of��D��ed d for in any oi tne s��
<br />"'� ' ' receipt and appiicaUon oi rents.issues or profits,Trustee and LenQer shaif be enBBed to exen�se every 9 P _. �,_.,
<br /> � • L Loan insWments or by law upon occumenae of any Event ot Oefault,inciuding without limitatton tha right W exerciss the power oisate• `�{
<br /> '•`� `' Further,Lender's dghts and remedies under tt�is paragrapfi shall be cumutative with,and in no way a I'anita�on on,Lendets rights and --
<br /> ' . remedies under any assignment of leases and renm�ecorded against the PropeRY•Lender.Trustee and the receiver shall be liable to '.�-,.
<br /> `:�•e:�.
<br /> . . . . . account oNy for those renfs actualty received. - ';-,�-�_
<br /> 11.EveMs of Defaut�The toltawing shatl constltute an Event of Defauit under t�is Oeed of Tnist ^�
<br /> ... .
<br /> '-< . :,
<br /> ' ; :' (a)Failure to Dal/an9 instapment of prfndpal or interest or any other sum secured hereby when due: :,. :a .F
<br /> � (b)A breach oi or defauit under any provlsion contained In the tJote,this Oeed ot 7nist,any of tl�e Loan Instruments.or arry . ��
<br /> .` othet lien or encumbrance upon the PropeRy: �'�� r�'"�-
<br /> (c)A writ oi executlon or attachment or eny similar process sha�l be entered agalnst Trustor which shall become a lien on ,,, ',
<br /> ' the PropeRy or any portion thereai or interest therein; �ent or tuture tederal.state or other statute. • . �-�`�_
<br /> ,``f ��_.
<br /> (�There shall be fited by or against TnisWr or Borrower an actton under arry p otnted an austee.r+ecetver or
<br /> . . law or regutation retaUng to banEcruptcy,insot�en�o'�e Property�or the rents�ssues or'p ofits thereot,ar Trustor or Borrower ��;F
<br /> � . � � � Iiquidator ot Trustor or Borrower or of all or any pa ;z_
<br /> " shall mahe any general asslgnment for the beneflt oi aeditors: -
<br /> , .��
<br /> � . ; , .� (e)The sa t e,t r a n s f e r,t e a s e.ot��t�admew thount�e express wdtten cnse i of ender'pco v l de d t ha t T r u s t or s h atiel b e p e r mft- _ . � _-
<br /> .� � ;. i . ProDenl►.eithervotuntarily or in �Y �•':-�_--
<br /> �� • ted to execxrte a lease af the ProDerty►that does not contain an op Uon t o p u r�fi a�e a n d t fi e t e r m o i u u h i c h d o e s n o t e x c eed one (
<br /> , year,
<br /> •. • � (�Abandonment oithe Property;or ;
<br /> (g�If Truswr Is not an indlvidual,e��oi its issaed and oatstanding stock.or(if a D��P)e���o�m���an pea
<br /> � , � corporation)a tota1 oi P ercent ot the Umited liabitity compa- . .
<br /> ' ;F � ce�t of partnership interasts,or(if a limited Uabllity company)a total o! �
<br /> ny inten..ss or voting dghts during the peRod this Deed oiTrust semalns a lien on the properiy.
<br /> 12.Re�'edles;Acceteration Upon Oe t au l 4 1 n t h e e�e n t o f a n y Event ol0etault Lender may,wltheut noUce exoept as required ,
<br /> � • by faw,declare all indebtedness secured hereby to be dua and payabie and the eame shai)tAereupon become due and paya b ie vu i t h- . .
<br /> .• �� � out any presentment,demand,protest or noUce o1 any kind.Thereafter Lender may: • .. .:
<br /> (a)Oemand that T�ustee exercise the POWE6t OF SALE granted he�ein,and Trustee shall thereafter cause Trustora inter-
<br /> :.�: . est In the Prope a toan0 a0 rghts p o vded forQn anys a1 thedLoan I struments or by law pon cccur►enoe o1 enY Event of ' .. t�
<br /> (b) Exerc�se y
<br /> � ' Detault;and
<br /> (c)Commence an acdon to forectose this Oeed of Trust as a moRgage,appolnt a receiver,or spe�lly enforce any o
<br /> covenanta hereoL �
<br /> � No remedy hereln conterred upon or reserved to Trustee or Lender is Intended to be exctusive oi any other remedy hereenihereunder, � •
<br /> ' ' InsVuments or by law provided or permitted,but each s�atl be c�mulaUve,sha0 be in additlon to every ather remedy g ,
<br /> In tfie Loan tnsW ments or now or hereafter exisUng at taw or in equity or by statute,and may be exereised concurrentty,independentty
<br />-�- ' or succesively. oint a suo- •
<br /> " . . 13.Trus4ee.The Trustee may resign at any Ume without��includin wlthoutelmataUontLe deraBorrower Trus op or any pur- .
<br /> • cessor or substitute Trusiee.Trustee shai!not be liabte to arry P rt5l. 8
<br /> � chaser ot the Property,for any loss or damage unless due to reckless or w311tu1 misconduG,and shall not be requlred to take any actlon
<br /> � ' in wnnection with the entoroement of this Oeed o1 Trust untess indemnifled,in writing,far ali costs,comPensaUon o►expenses whicti
<br /> •.:I r�. . may be associated therewith.In addiUon.TNStee ma ortlon ot the Pr peRyr,as provided by Iaw;orse 1 tnhe iP o'perty as who o,or�n .
<br /> � sate granted herein):postpone the sale of all or any p � � _
<br /> • ' separate parcels or tots at Trustea's dlscretion. .
<br /> 14.Feea and F�cpenses.In the event TNStee sells ihe Propertyl by exercise of pov�er of sale.Trostee shall be entitted to appty
<br /> � any sate procaeds first to payment oi all costs and expenses ot exercis'icabfe aw.In tha event Bono•er�or Trustor exercises any dght
<br /> - � Tn�stee's attomey s tees, actually incurred to extent permitted by app
<br /> � � � provided by lav�to cure an EveM of Default,Lender shall be enGtted to recover trom'Trustor a0 costs and exper►ses actu�lty incurred as
<br /> _ � a result o1 Tnutors de�ances!U�onw�equest iof 8oirtow'er,Lender mayeat its opUon,9m ke add'dional and tuture adwances'and read- - -
<br /> - , � --�-� '!5. �ssWse A P
<br /> - , � � vancws to�orr�vlcr.S�Ch adva"r,ws anA readvances.with interest thereon,sfiaii be se�ufed bY ih3s O�d ot Tni,t At no time shall the � -
<br /> � . i � . .
<br /> . . � ! �,, . .5.�-.� m�.���,-- --- ..___. vs�.
<br /> -��?. . . . .... ... ... . _ �t1_.�.�=��_ ._.__..�_. _: .... _ .:.�a! � n..... _,._'-..__..�....�..� . ~4�:iC:... ..... . .'.W1��J:°Snt::"....W'�ISlI.�a�'_'_"�.ixl�."_rud.�°,"'.'.�1��.._r.. .ti•---
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