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<br /> -- ..`� -- •proceeds-)in oonnecdon with condemnation or other taNtng oi the PropaRY cr Part thereof.or tor wnveYan ��afso - -- �'`y,
<br /> `�� t ,.: ° !` Lender shail be entiHed at Its apt[on to aommence.aPPear in�d p��te in its own name any action or pmceed€ngs. , . �-�:`�-
<br /> �f_. ., .. ; �.; be entiUed to make any compmmise or settlament tn oonnection+xith such taWng or damage.In theail such p�ceeds�atter d�educting = °,,,``_= _��
<br /> . so ta4cen or damaged.Lender shati have the optton tn its sote and abso�ute d�saeuon,t°apply
<br /> ' • theretrom aIl costs and expenses incurred b11 it in connectlon with such Proeeeds,upon any indebtedness secured hereby and in such �- ;s,.;., ` � . .
<br /> ` ' orttar as Lendar may de t emn f ne,o r t o a p p l y a 1 1 s u c h P r o�eeds•after su�dedudlons.to t1►e restoratian of the Propecty upon such con- �-.
<br /> � � ItcaUon oi Proceeds to indebtedness shall not extend or postpone t t►e du e d a t e o f an y p a y- �. • � �
<br /> � � - � diUons as Lender may determtne.Arry apP ��{�nds shaD be paid ro Trustor. � <;<<i'��.
<br /> �� ments under ths 4Vute•or�aue any default thereunder or hereunder.My unappi' t `� . . �
<br /> ` 8.Pearbrinance by L�ndu�Upan the oocutsence of an Event ot Detauit hereunder,or if any aCt is taken or legal proceedin9
<br /> Lender may in its own disaetion,butwithout obligaUon to do so,
<br /> commenced which materiatty affects Lender's interest in tha Ptoperty. ..: . .,
<br /> ` ' � ' =`� and wit�out notice to or demand upon Tcustor and without reteasing Tnutor�m�ae eb�9��hereof.TnisWr shai�Timmedtatety upeoa ` ` ' �
<br /> � ��"�`�``� but failed to do and may atso do any other act it deams nsoessary to P : °�".`
<br /> ---�- -• - demand fherefor by lender,paY to lender a�����d enpenses Incurred and sums expended by Lender in connecdon witt�the oxer- —=-,f .,
<br /> � ' dse by Lender of the toregoing rights.toBether vritb interest thereon at the default rate pravided in the Mote.wl�ch shaU bs added to .::_�
<br /> � the indsbt�dness sea:�ed hereby.Lend2r shall not inwr any liahii'�because af anllthing it may do or omit to do hereunder. �� `:. r
<br /> � ` � = in comptiance wiU►sil applicabte lavu�s,ordinances and�9�ations ;�r. � ; ..
<br /> � 9.�{a�r d o u s E A a b e r i a t s.T�stor shaU l�eep the PropeRf► y Trw^tnr shall keep , ;
<br /> � � � - reiating to industrial hygtene or eavironmerdal pmtec8on(cotlecHvet referred to he►ein as'E nv iro�m e n t a l L a w s'1� .:�r W,:�.
<br /> . fhe Pmperty free from all substances deemed Lo be hazardous or toxic under any Emironmentat Laws(collectively referred W herein '_;,{',t' ` '. •. '
<br /> as'Harardous Materiais�•Trustn�ne�Y��nts and represents to Lendet that there are no Hanrdous Materials on or under the ` �:'�-
<br /> . . , - proPerty-Tiustor hereby agrees to indemnify aed hotd harmless Lender.its diredors�officeis,emptoyees and agents.and any suaces- F,`.� _ . . ..-.
<br /> • ; .-,y ' sors to Lender's interest.from a HazatdnusaMatedals,na u der,irom ar abau4 the Property-THE�OR�(iO1NG WARRANTIES AN� ��--:=.
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<br /> use.disposal ot transPort a arry
<br /> � _ REPRESENTA710NS,AND TRUSTOR'u�BLIGATtONS PURSUANT TO TiiE FOREGOING INDEMNITY. SHALL SURVIVE __- -�
<br /> � RECpN1/EYMfCE OF THIS OEED OF TR :� �+..,�
<br /> . 10.Asstgnmertt ai Rents.�a e� �Dro d��at Trusto sh�atl.unti the accurren�of an E ent af De�auit�,hereundea :-�•�. "
<br /> � " after arising rents,issues and pro P ble.U on ihe occuRence of an Event of '�•_
<br /> � have the rigM to coltect and retain such rents.�ssues and profits as thay became due and paya P
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<br /> Qefauit,Lender may.either in�arson or by age M,witli o�+rrithout bringing any adion or proceeding,ar by a recert�a�P f°��� own , j•��'
<br />� .' . .. _..��' court and wfthout regard to the adequacy ai tts secur►tY.snter upon and take poss or desirabte ta pr�the value.�b�ll o► _-_
<br /> name or in the name oi the Trustee,and Qo any aats whid�it deem.s necessarl► ,,:`1-�__
<br /> ' ,� , �entability of tha Properry.or any part thereof or in�cest th�othervui ei cat�ted the rents.issues an Pro��ai,indud ng se past .
<br /> . • . •` wfth or xrithout takfng possession oi the Property. �n�.i��and profits.less costs and expens- ���
<br /> eMs tn Lender.Lendor may aPPh► ,.f.` .,,' _,_
<br /> � -� '} due and unpatd,by noMying tena�ts to make paym ` `'`� f�
<br /> �� , es of o peratlon and wiiection including attome�s fees,to any indebtedness sea�ed hereby,ati in such order as t-ender may deter- , ..� ���.
<br /> �:
<br /> � • mine.The entering upon and taking possession of the PrapedY,t he co t le d i o n o t such BMs.issues and profils.and fhe aPAUcatlon ' ��:.
<br /> , .'f. theraof�s aforesaid shall not cure or waive It ande noftwithstanding tha contin ance in p(oss less on of the properly o�r the col edioCnh, �..,.�'
<br /> • defauit or pursuant to such notice o1 defau t mvided fir in airy oi the
<br /> _ _ _-= - recetpt and appiication of rents.issues or profits.Tn+stee and Lender shall be entltled to exerdse every dgh p ',��_�;
<br /> : �" Loan Instrume�ts or by law upon occurrence of any Ever�t af Oefautt,induding wfthout limitation the dght to exercise the paurer of sale. ,,-.--�
<br /> �',s� FuRher,Lander's dghts and remedies under this paragraph shaf�be cumufaUve with,and in no way a timitaUon on.Lende�s rights and _�...�,.: �
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<br /> � � �. remedies under any assignment of teasas end renis�ecorded against the PropeRy.Lender,Tn�tee and the receiver shaii be liable to �
<br /> � �• , account onlytorthose renbsctually rece3ved. ,,.���
<br /> � � , �_ � 19.Evar�s of Default The foltowing sha0 constidute an Event of Default under this Deed af Ttus�
<br /> . .... � +' ,: (a)Faiture w pay any installment of principat or interest or any other sum secure0 hereby when due; :: :_..F��
<br /> ' (b)A breach of or defautt under any provision wntained in the�dote,this Deed of T�usK.any oi lfie Loan(nstruments,or any 1. :. „�y��
<br /> • ��•�'�- . other lien or encumbrance upon the Property; +P�;.�=:
<br /> ' � . (e)A writ oi execuUon or attachment or any similar process sha��be entered against Ttustorwhich shall become a lien on ,,,._�.��_'
<br /> • the Property or any poRion thereoi or interes4 therein; •��'`
<br /> . . (�There shall be filed by or aga�nst Trustor or Bortower an action under any present or future fented an�trustee,receSiv�e�r o'r �. ;��:;;:
<br /> - � ° taw or regulaUon re�ating to bantcruptcy.�nsctvency or other reliet fot debtots;or there shaU be appo Y
<br /> ' . liquidator of Trustor or Borrower or of ail or any paK ot ihe PruDerlY•or tl�e re�ts���e9 or proflts thereot,or Tnistor or Borrower �.,�.:
<br /> shall make any general assignment for the benefit of aeditors; ' ��""`
<br /> �. � ,, � • • (e}The safe,bansfer. tease,assignment,oonveyance or further encumbrance ot ail ar airy pari of or any fiterest in the �,:�+`i�T
<br /> _ � ; '� Property,etther voluntadty or imrotuntarity.wttheut the express wdtten consent oi LenQer, provided that Trustor shail be pertnit , -
<br /> ted to execute a tease of the Property that�aes noi oontain an opUon to putchase and the term of wt�lch does not exceed one
<br /> . . . Y�: . �
<br /> • (�Abandonment ot the Property;or
<br /> • , (g)If Ttustor is not an individual,the issuance,sale,transfer,assignmen�conveyance or encumbrancs a1 moTe than(d a �,.
<br /> corporatlon)a tota�ot percent oi ita issued and outstanding stock,o�IM a p e�t of�the I�imited Iiabiiity comDa- � � .
<br /> cent of parfiership interests,or(if a limlted liabiliry company)a total oi_, P !
<br /> . ny interests or voUng dghts during the pedofl this Deed oi Trust remains a Oen on the property.
<br /> 12.Remedles;Aeeetoratton Upon Oetaul�tn the event ot any Eveni oT Defautt Lender may,wifhout naUcs exoept as required
<br /> . � by law.dechare all indebtedness sECUred hereby to be Que and payable and the same shall thereupon become due and payadte wlth-
<br /> � out any presentment,demand,protest or notice of any kind.Thereafter Lender may:
<br /> • . (a)Oemand that Trustea exerGse the POWER OF SALE granted herein,and Tnistee shall thereafter cause Trustofs lnter-
<br /> ' est in Exe�ro�tse a°t�and all� g ts p o ided for/n eny ot the L a'n Instruments o by law upon occurre c o1 any E ent o1 • . �
<br /> . �b) y .
<br /> . Oetaulk and -
<br /> (c)Commence an action to forectose this Deed o1 Tcust as a moKgage,appoint a receiver,or spec�ftca�ly eniorce any oi t he
<br /> � covenants hereof. �
<br /> i�tll0 LOan
<br /> ' No remedy herein conteRed upon or reserved to Trustae or Lender is intended W be exctuslve of any ofher remedy he��n het+9ifntler, ' � �
<br /> � tnaWments or by law provided ot permitted,but each shail be cumutative,shall be In addition to every other remed�giv
<br /> • � ' • in the Loan Instruments or now or hereafter existing at taw or in equiry or by statute,anQ may be exercised concurrently,independenLy •
<br /> � or succesively. � �
<br /> � 13.Trustee.The Trusiee may reslgn at any time withoui quse,and Lender may at any Uma and without cause appolnt a suo-
<br /> cessor or substltute Tnistee.Trustee shail not be liabte to any pa►ty,lnctuding without Ilmitetion Lender,Bartower.Trustor or any pur-
<br /> � chaser o1 the Property,tor any loss or damage unless due to reCkiess or wilitul misconduct,and shai!not be required to take any acUon
<br /> � � in connecNon with the enforcement of this DeeA of Trust unless indemnifled,in wdUng,for ali costs. �m udiciali or unde rths power�of ��
<br /> �" may be associated therewith.In addition,7rustee may become a purchaser at any sate o1 the Property(j .
<br /> . � sale granted hereln):postpone the sale of all or any portion ot the Property,as provided by law;or sell the Property as a whola,or In
<br /> separate parcels or lots et lrustee's discretion.
<br /> .s; � � 14.Feos and Expenses•In tfie event Trustee seils the Property by execcise ot power of sale.Trustee shall be entiUed to apply :
<br /> � any sate proceeds fi�st to payment ot all costs and expenses o1 exercis icableWaw�ln the e e�M 8orrowe or 7nistor exercises any n'gh! , •
<br /> Trustee's attomeys fees, actualiy incuned to extent permitted by app
<br /> � � i provided by law to cure an Event oi Detault.Lender shall be anUtled to�ecover irom Trustor all c�sts and expenses actualiy incurred as
<br /> � � a resuit of Trustofa detauil,inciuding without limitation a(1 Trustee's and attomey's fees,to the extent permitted by applicable law.
<br /> � 15. Future Advaneos. Upon request of Borrower,Lender may,at its option,make additlonal and tuture advanoas and read- . ,
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<br /> �-� ���� ��- vances to 8ortower.Suct�advances asoC c�..adrance9.w�th iKterest thereon,shali be secured by this Oeed of Trust.At no time shatl the t - - _
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