|
�....-_iz....;A . _ . . _. , < •' . :"hw� r
<br /> . ., ... ....�v. � •c� _s. - -
<br /> —�e-------�- � � -----�--- -= - �-; ---- - .-— - -... _= - .• -`-- _ � � - -
<br /> . . . . - , . . ._ ' 4. " .s,......0 ----•'s°---��..�._--.-'-.---��' a ...
<br /> , _ .. . _ . . . _ -" .�-, .....�i-.:._- _
<br /> _� _ - - - t:
<br /> _. . , _ ��._ 7• _ . - .
<br /> 4.
<br /> .. . � . .r�� .
<br /> _ _T__ . - g�- �o���� .f�� � - }�.�:_
<br /> _... �'1� At the option of 8eneficiary.all or aay part of the agreed fers and charges. aaxued iaterest aad priusipal � � " �. . '`
<br /> . � a n d a a b Ze,a ft e r g i v i n g n o t i c e i f r e q u i r e d b y l a w.u p o a t h e o o c i u r e nce of a default or�y t i m e thereatter• � , ' _
<br /> i�iately due P Y
<br /> . ', ` :� � In addition.Beueficiatty shall be enritted W al1 the r�e d tes Provi d e d by t a w.t h e E v i d�c e o f D e l s t.o t h e r e v i d�o f d e b t. � ;
<br />., i S this Ueed of Trust and any relaced documents in�luding without limitation.the power to sell the PcoP�Y• .
<br /> � � � If there is a defaul�Truster shatl,ia addition to auy other permitted remedY.at the request of the Beneficiary.advertise and • .
<br /> j seli the property as a whole or ia separate parcels at public auctian to tLe highest bidder for cash and conveY absolute tide ., . (
<br /> � fr e e and clear of all ri g ht,title and int�ecest of Tn�stor at such time aad place as Trustee designates.Tmstee shall give notice � �.'.. �
<br /> -- . ` � o f s a l e includin g the time.tem�s and Place o f s a le an d a descri p t i o n o f t h e p r o p e r t y c o b e s o l d a s r e q u i r e d b y the a p plicable .' � ;
<br /> -_ � law in effect at the time of the proposed sale. �,._`__ ,`_ ..:-'_. _-
<br /> -- --- -�...
<br /> , __ � � � Upon sale of the property and to the extent not pro3u'biied by law.Tnsstee shall make and deliver a dced to the Propetcy sotd .,
<br /> which coaveys absolute title to the purchaser.aud after first paying all fi�s,charges and costs.shall pay to Beneficiary all
<br /> . , � �`. j . , _ `";r. .
<br /> . � moneys advanced for repairs. taxes. insurance, liens. assessmeats and prior eacumbrances and iateres��e the Property. .
<br /> ° principal and intecest na the Secured Debt,Pal+ing the stuPh�s,if any,to Trustor. Beaeficiary maY P
<br /> :. . �. � 'lhe recicals ia any deEd of conveyance shall he prima facie evidence of the facts set foith therein. . ; :`Y .. ..
<br /> � •.�� All remedies are distinst,casm�tative and aot exclusive,and the Ba►eficiary is eatitled w all cemedies pmvided at on the ` < � :. 'o.;.-:..'�._:�
<br /> . , ':. � t or artial paymen � y
<br /> eqnitY,arhether eaPress1Y set forth or not The socePtance by Beneficiary of any svm in paYa►ffi P � ,..
<br /> Secured Debt after the balance is due or is aceeteiated or after forectosure proc�edings are filed s6a11 not constitute a waiver s
<br /> . • of Beneficiary's right w require fWl and com➢lete c�e of aay e�dsung default. By not exercisinS�Y��Y on Trostor's .� "r
<br /> ' , default,Benefictary dnes not waive Beaeflciary's right to later wnsider the cve,. a defa�.•if it co�rin�•es or hrvgens again. �`�.,,,;.:�_�
<br /> ` • ,�•�i 18.ERPENSF�,ADVMICES OPi COVENANT3:ATTORNEY3'FEES:COLLECTION COSTS.Except when pmhibited � f".,.��.:-
<br /> ° . j by law,Tmswr agrees w pay all of BeneflciarY's expenses if Tnutor bread�es any wvenaat ia this Deed of Tmst.Tmstor .`�;_,�_
<br /> ',;_ � of Benefic' 's ensea iacurred ia collecting,insu�mS,Pr�se�'�S or Pmtectiug the PmPerty+ - :- , '.:—--
<br /> will alsfl pay on demaad all �Y �P Tn�stor a to •:` �;_,�-�
<br /> . or in any inventories,audits.insPocaons or other Pxam±*+a*�on by Beneficiary in respeix to the PropertY• �
<br /> - .. . . :�: I ° iT--
<br /> pay all costs and expeases incurred by Benef ciary in eaforcing or proteainS Bene&ciary's rigbu and remedies under this ��.� . ,._�.�..
<br /> . . Deed of Tmst,including,but noi limited w,attomeys'fces.court costs,and other legal expenses.Onoe the Secured Debt is :'.�i_�:--
<br /> = � ' fully aad fina11Y Paid•Beneficiary agrees w release this Deed of Tmst and Tiustor agre�w pay for aay recordarion costs. .�:;L,.:_w_':_
<br /> ..� � AI1 such amomts ar�dne oa demand aad arill bear interest froia the time of the advance at the highest rate in effer�.from ... ,,�.!,. :;,:
<br /> . , ' time to time,as Provided inthe Evideacc of Debt and as permitted by law. . ,'��' �t
<br /> . 19.F.NVatONML�N'i'Ai. LAW3 AND BAZARDOUS SUBSTANCES. As used in this secaon, (1) "Environmeatal Iaw" �,�_ `
<br /> � :�:�.�� means, wtthout limitation,the Compreheasive Environmeatal Response, Compensauon and LiabHity Ad (CERCI.A, 42 � s��;;
<br /> ordinances,cm:rt osders.attomey general opiaions f..� iS�� :.
<br /> �_� - - -- -- U.S.C.9601 et seq.).all other federai,state and lacal laws,regtilat�ons, `. -
<br /> . ��`l or interpretive letters concerning the public health. safety, welfare, environment or a bazardous substance: and (2) .._;.� - ,.��,Y:
<br /> � "Hazardous Substance" means anY toxic, tadioacpve or h a z a r dous inaterial. waste,pollutant or coataminant which has
<br /> � r, . . characterisdcs which render the substance dangerous or potentially danSerous to the public health, safery, we�fare or ::�`�f:�;
<br /> eavironment. 1]te te�nt includes, withaut limitation, any substances defined as"hazardous�," "toxic suBstances." :LF:�
<br /> ' . .� � In .Tmstor resenss,wanants and agrees tbac. ` . �.._
<br /> "hazardous wasta" or "ha�rdous substaace"under a�y Environmental Law reP .^^. �.,�
<br /> `" � except as prvviously disciased and aclmowledged inwriting: �� �• �;=�-
<br /> �: �.�;
<br /> ' � A. No Hazardous Substance has been,is,or w11 be located,uansPorted,mamnfactured.ueated,tefined,or handled by ,...+�,:-.-
<br /> . s. i,�..._.
<br /> .•' ; anY Peison on,under or about[he Property,except ia the ordinary con�se of business and in strict com�liaace with .:,:�:,J_.
<br /> ::� , ..' all applicable Environmantal Lacv. , . .•�f�,:�
<br /> g, Trustor has not and w�l not cause,contribnte to,or permit the retease of aay Hazardaus Substance on the Property. :-„-Y
<br /> ' C. Truscor a+ill immediately notify Beneficiary if(1)a release or threatened release of Hazacdous Substanoe occurs on, . .. •,�.;k�:�
<br /> ' � under or about the Property or migrates or threatens to migrate from nearby propercy;or(2)there is a violation of , '��-�
<br /> � . � any Environmental Law concerning the Property.In such an event,Tn�stor will take all neoessary remedial acxton in _ °:�s,_..
<br /> ' • accordance with Envisonmental Law. or thseaten� investi tion, claim, or .. .
<br /> • � D. Tn�stor has no knowledge of or reason to believe there is any pendjaS Sa _ .
<br /> - proceeding of an}r kiud relating to(1)any Hazardous Substance tocated on,under or abom the Property; or(2)any :
<br /> '`�' violation by Tnutor or any tenant of any Environmental La�'•TNStor wlll immediately notity Ben�ciary ln writing ,. .
<br /> •'. , • . ' as soon as Trustor has reuon to believe thete is any such peading or threatened investigation.claiin,or pmceeding. ,;;,.,.. . ..
<br /> ln such an event,Beuefutiary 1�as the riSht,but not the obligation,to patdcipate in any sucb procee�ling inclnd9ng the :
<br /> • ri�ht tv receive copies of any doc�nents relating to such proceedings. : . -. •
<br /> '''�, ' E. Trustor and every tenaut have been.are and shall remain in fu11 compliance with any Applicable Environmentall.aw. :
<br /> - . • F. There are no nn8erground storage tanks,privzte dumps or open wella located on or under the Property and no such •
<br /> ` • tank,dump or well will be added unless Ben�ciary fust consents 1n wr1tinS.
<br /> �,.'� � G. Trastor will regulaziy inspect tt►e Property,monitor the activities and operations on the Property, and confism that � .
<br /> � all permits,licenses or approvals required by any applicable Environrneatallaw are obtained and complied wlth. .
<br /> H. Tn�stor will permit, or cause any tenant to perm9t, Beneficiary or Beneficiary's agent to enter and inspect the
<br /> � Property and rev:ew all records at any reasoaable time to detetmine p) the existence. locadon and nature of atcy .,
<br /> � Hazardons Subsc�ce on, under or about�e Property: (2)the e�c�steeuce• locarion, nature.and ma�itude of any ` � . �
<br /> '•s.. Hazardous Substance that has been released on,under or about the Property:or(3)whether or not Trustor aad any : .
<br /> . � � tenant are in wmpliance with applicable Environmentall.aw• �e. to en e a ualified •
<br /> , � ' , I. Upon Beneficiary's request and at any time, Trustor agees. at Trustor's eap 8aB 9 . . �.
<br /> environnuntal engineer to prepaze an environmental audit of the Property and to submit the results of such sudit w
<br /> � � � . Beneficiary. 71ie choice of the environmental engineer who will perform such audit is subject to Beneflciary's .
<br /> apptoval. .'
<br /> � l. Beneficiary has the right. but not the obligarion. to perform any of Trustor's obligations nnder this section at `�
<br /> ` �` Trustor's expense. �
<br /> �� I '; K. As a consequence of any breach of any representation, warranry or promise made in this section. (1) Trustor will � �
<br /> � indemnify and hold Benef ciary and Beneficiary's successors or assigns harmless from and against ail losses.claims, �
<br /> :�-� . � demands, liabilities. dazaages, cleanup. response and remediation costs. penalties and eapenses, including without
<br /> - limitation all costs of litigatlon and attomeys' fees,which Beneficiary and Beneficiary's successors or assigns may i .
<br /> � � sustain: and (2) ac Beneficiary's discretion, Beneficiary may release this beed of Trust aad in retum Trustor will �
<br /> provide Beneficiary with collateral af at least equal value to the Praperty secured by thls Deed of Trust without
<br /> , �ti prejudice to any of Beneficiary's dghts under this Deed of Tmst. � _
<br /> ' �bvo a oi s � .
<br /> � �. . .
<br /> - -.- � � . . a�993 Bankere Svsteme.�nc.St Poua.tnN�i nv4 397 133:: :.,r.:.A.^,�O�t••� g.•3.ac i _..__�______._�.
<br /> ' L 1 !
<br /> � ;�, � � � i
<br /> .
<br /> .. . . .
<br /> _ . .. .� - — -
<br /> :. . „ , ... . , . . , . .. •
<br /> . . �
<br /> JW : :r.� ' --•;�ii •�.-.w�...�wla.r.�-..._�.-.�, . ` .-:+.�'..__-.--.....a.�..�r_ry_� �.-.:a._ .. _._ .._ __ _.. .. . _._' . •'z' '}_. .,.. ', _a'.,_ . '�1--. .��ft.a• -'+ " � -
<br />
|