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<br /> . , • At the opdon of Beneficimy,all or any part of the agreed fees and charges, P��P �
<br /> . . � _ , � immediateiy dne and payabte,at3er giving notioe if required hy law,upon the aocurcenoe of a default or anypme thereaftet. �` � < . .
<br /> �, � ` In addition.Beneficiary shaU he entitled to all the remedies pmvided by law.[he Evid�cx of Debt,other evidences of debt, ,
<br /> � ` .•' �..�;, this Deed of Tzust aad a�r related d�,r,�,•,�+,r�including artthout limitation,the power to sell the Property. .. �
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<br /> t ` • ff there is a default,Trustee sl�a}l,in addition m aay other pemutted r�dY.az the request of the Beaeficiary, advertise and � � .
<br /> . < - sell the Property as a whale or in separaie parcels at public auctioa W the highesi biddes for cash and convey absolute tiile �� • �_�:
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<br />` �<� _-� fcee aud clear of all right,afle aad intere.st of Tn�stor at such time and plaoe as Tn�stee designates.Tmstee shall give aotice •
<br /> � . . �-�=°`` of sa3e inctuding the time,tetms and place of saIe and a descriptioa of the property to he sold as reqaired by the applicable r _
<br /> ` ._-- , = law ia effect at the tims of the proposed sale.
<br /> Upon sale of the pmpercy and to the extent not prolu'bited by law,Trostee shall make and deliver a deed to the Property sold —�
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<br />��- arhich conveys absolut�e titte w the purchaser,and after fust payinS aIl fees,chaiges and costs,shall pay to Beneficiary aU �' , .
<br /> �;.. " mnaeys adv�ced for iepaius, taxes, iusuran�e, liens. assessments and prior eacumbrances and imerest thereon, and tTae ,,
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<br /> . ' ; principal and interest on the Secured Debt,Paying the stuplus> if anq,to Tmstor.BeneSciary may purchase the Property. ;`�, .
<br /> - ' ' 1he recitals m aay deed of coaveyance shall be prima facie evidence of the facts set forth theiein. . - �
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<br /> t All remodies are distiact,c�lative and aot exclusive. and the Beaefcciary is earitled w all remedies provided at law or t �" ���:-
<br /> ;:. equity,whether expmssly set forW or noL The acceptance by Benefrciary of aay sum in payment or partial payment on the - _-.
<br />_'Z�' ` Seaiied Debt aftes the balance is due or is axelerarsd or after fonectosnre pmceedings aze filed shall not constimte a araiver .�,;;;=._`.,. ,,_�_.
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<br />;�;� . � of Beneficiary's right w zequir�fall and compl�e cn�e of any existing def�l�By noi exercising any remedy oa Tmstor's -
<br />- . defanit,Beneficiary does not waive Beneflciary's xight to�ater consider the event a defanit if it continues or happeas again.
<br />_=:.� .� '� ��; : ,. :
<br /> 18.EXPENSES;AIDVANCFS ON COVENANT3:ATTQRNEYS'FEFS;COLLECTION CO.STS.Except when pmhibited ',.r -s
<br />':�`. �� by law,Tmstor agrees w pay all of Benef ciary's expenses if Trustor breac�es any covenant in this Deed of Tn�st.Trustor ' ,- '.:,._,.__
<br />-yx` . �: °`, w�71 also pay on dema�ad all of Beneficiary's expenses�cmc�d ia colle�xing,inso:iag,Pr�serving or pr+otecting the PropertY -='-_�-'�:;_:
<br />", or in aay inventorIes, audits,insPections or Othe�pxaminarioA by BeIIeficisry ia�espect W the Property.Trustor agrees to '.,-.-. ! --
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<br />`_�' . ' PaY all oosts and expenses incuired by Benefic3aty in enforcing or pmtecting BeaeSciary's rights aad remediea under this �---
<br /> ,. Deed of Tmst,including.but nat limited to,auomeys'fe�.s,cauri costs.aad other legal expenses.Once the Secured Debt is � . .�;r.1��:.:_;;.�-
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<br /> � ` fiilly and finaUy paid, Beneficiary agrees w release Wis Deed of Trast and Trnstor agree.s to pay for any recordat�on costs. ,: . ;�;.'�
<br /> 1��� . . ••� All sucb amounts are due oa demand and wU beas interest from the time of the advaace at the Lighest rate ia effea,fr+om ..-..,� ',_;;�._-�-.�
<br /> � • '•�.' time w time,as pmvlded in the EvIdence of Debt and as permitted by law. -�._-
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<br /> -� � 19.�orrMElvTAr. LAws aNn eaznYtnous sussrnrrc'�s. as used in a�is secuon, ti> �n�I.aa►° � '.:s��:,:
<br />_ _ � means,without limitation, the Comprehenslve Environmental Response, Compeusatian aad Liability Act (CERCLA, 42 ,: %.'��.:,
<br /> F --� -- - . - U.S.C.9601 et seq.),aU ot6er fedetal.state and local laws.reSulations•ordinances,court ordecs.atwmE.y genetal oPinia�s .`` -
<br />_.,,. ' or inteipreave le�teis conceming the public health, safety. welfare, envIronment or a hazardous snbstanoe, aad (2) ` .. .. .,�, .=�•�_
<br /> "Hazardous Shbstaace" means aay wxic. radioactive or hazardous mazerial, waste, Pollutant or contamiaant wluch has ,: ; � :°s""`
<br /> . , characteciscics which render the substaace dan erous or otentialiy dangero�s to tite public heatth. safety. welfare or - �`
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<br /> . . ,�' environment. The term inclndes,without limitation. any sabstances defined as "hazardous material,° °toxic sabst�ces,' . _--
<br /> - "bazardous waste"or "hazardous substance"nnder any Environmentai I,aw.Tn�stoT repnsents, warrants and ag�ees that, . "�
<br /> .. . excepi as pieviously disclosed and acknowledged in writing: '' :' ` `�"`.
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<br /> � A. No Hazandous Snbstance has been,is,os will be locatal,uansported,manufaawed,ueated,refined, or handted by . __
<br /> . . aay person oa,under or a6out the Property,except 9n We ordinary oourse of bnsiness and in suiex compHance with ,y:��'Y_
<br /> �',5 � �aPPlicable Enviroamental Law. •� '. . ,�`
<br /> � '� B. Ttustor has not aad wUl not cause,contribute to,or permit the release of any Hazardous Su6stance on We Property. , Y~
<br /> r � C. Trustor arill lmmediatelq notify Beaeficiary if(1)a release or threatened release of Hazardous Substance accurs on, ,'. -�.���
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<br /> � ' uader or about the Property or migratea or threatens to migrate from nearby property;or(2)there is a vlolat�on of ����
<br /> ' ' any Envuo�entat Law concem9ng the Property.In such an event,Trustor will take all necessary remedial action�n •- � ..
<br /> .��' . accordancewlti�Environmental Law. '
<br /> � � ' D. Trustor has no kaowlEdge of or reasoa to believe there is any pending or threafened imestigatton, claim, or -
<br /> ''{���� � praceeding of any klnd relating w(1)aay Hazardoas Substance located on,under or about the Pcoperty;or(2)any , �
<br /> • � violatioa by Trustor or any tenant of aay�nvlroamental Law.Trustor will i�ediately notify Beneficiary in arriting
<br /> . r .. � as saon as TnuWr 1�reason to belleve there is any such pending or threatened investigaaon,claim, ar proceeding. • , -
<br />- .. � ' ln such an event.BeneFciary has the right,bnt not the obligation,to participate in any such proceeding including the �
<br /> ' � " rlght to receive copies of any documents relating to such proceedings. � � � •
<br /> � �� E. Trustor and every tenant have been,are and shall remain in fuil compliance wlth any applicable Environmrntal Law. , .
<br /> F. 'Ihere ate no undesground storage tanka.private dumps or op�n wells located on or under the Property and no such
<br />- : tank,dump or we11 wlll be added unless Beneficiary first consents in writiag. . �� .
<br /> '� ' � � G. Trustor will regnlarly inspect the Property.monitor the activities and operations oa We Property.and confirm that . ,
<br /> ,..�` � � all permits,licenses or approvals required by any applicable Environmeatal Law are obta9ned and complied v,rith. •
<br /> � H. Trostor will pennit, or cause any teaant to pemiit. Bsmeficlary or Beneficiary's agent to enter and insp�t the � ,
<br /> . • . Property aad review all records at any reasonable time to determine(1)the existence, location aad nature of auy � �
<br /> : Hazardous Substance on, under o:about We Property; (2)the existence, locattoa, nam:e, and magnitude of aay , -
<br /> � Hazardous Substance that has been released on,uader or about the Property;or(3)whether ar not TnLStor aad any � •
<br /> ' � teaant are in compliance with applicable Environmental Law.
<br /> I. Upon Be�ficlary's tequest aad at any time. Tcustor agrees. at Trustor's ezpense, to engage a qualified
<br /> , , . . envimnmental engineer to prepare an environmental audit of the Property aad to submit the results of such audit to . .
<br /> Beneficlary. The choice of the enviroamental engineer who will perfotm such audit is subject to Beneficiary's
<br /> . . aPProval. . •
<br /> 1. Beneflctary has the ri�ht. but not the obligation, to perform any oF Trustor's obllgations under this section ai : �
<br /> , , Trustor's enpense.
<br /> - � K. As a consequence of any breach of any representation, warranty or promise cnade in this section, (1)Trustor will
<br /> . '. indemaify and hold Beaeficiary and Beneficiary's successors or assig�s hamiless from and against all losses,claims.
<br /> ` �- � demands, liabilities,damages. cleanup, response and remediation wsts. penalties and expenses, including withoui � . .
<br /> "',` limitation all costs of litigation and attomeys' fees,which Beneficiary and Beneficiary's successors ot assigns may . •
<br />' 1� r . � sustain: and(2)at Beneficiary's discmtion, Beneficiary may release this Deed of Trust and in retum Trustor wi11 ' •
<br /> � :' • � provide Beneficiary with wllateral of at least eyual value to the Properry secured by this Deed of Trust without �
<br /> �"�� � ' . � preju dice to any o f Bene ficiary's ri g h ts un d er t hi s D e e x l o f T rus t. , .
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