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<br /> • 'Proceeds7 in oonnecUon with condemnatfon or other taking oi the Property or part thereof,or fir conveyance in Iteu of wndemnat3on. �`��: �^ � -
<br /> _ • Lender shali ha entiUed at its optlan w aommenoa,appear in and prosecute in its own name any arAon or proceedings,ar�d shaQ atso ` ' �••.`��,� : :�
<br /> . be errtitled to make any compromise or setUement io connecfion with such ta[cing ar damage.In the event any poRion of the Property is _ _' . �—�
<br /> � �. �; �,, so taken or damaged, l.ander&i►all have the opiion tn iis sola and absolute discreUon,to appty ail such prooeeds, after deductlng ���;�-; ;,:_ .
<br /> • , .. therefrom aU oosts and expenses inasrred by it in connedIon with sudi Proceeds,upon any indebtedness secured hereby and in suctt ,
<br /> � order as Lender may determine.ar to apply att such Prooesds,after sud�deducHons,to the res0oration of the Property upon such mo- , ,�`��
<br /> ,`� � di6orts as Lender may detertn(ne.My appticaUon oi Pra�eds ta indebtedness shail not extend or postpone the due daie of any pay- � ,
<br /> . � �� . merrts under Ure Note,or caire any defauft the�under or hereunder.My unappiied funds shall be paid to Trustor. ' , 4.
<br /> . 8.Pertormance by Lender.Upon the accucrence of an Event of Delauit hsreunder,or ii any act is taken or legai proceeding , . . .
<br /> � � commenced which matertaily aftects Lenders Interest in the PropeRy.Lender may in its own discretion,but without obfigation to do so, _�. � ..
<br /> � ' --� and without notioe to or demand upon Trustor and without releasing Trustor from any obligatlon,do ar►y act which Tnistar has agreed , �
<br /> • �"""�� but failed to do and may atso do any other act it deems necessary to protect the securiiy hereof.Trustnr shall,immediatety upon •` • '' `` '°�, .
<br /> demar►d therefor by Lender,pay to lender all costs and expenses incurted an+d sums expended by Lenda�in connec�ion with the exer- ���� �. _
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<br /> � dse by Lsnder ot the foregoing rights.together with interest thereon at the defauft rate provided in the Note,which shall be added to -
<br /> � � '� • the indebtedness secured hereby.Lender shs11 not incur any tlability beceuse af anything it may do or omit W do hereunder.
<br /> 9.Hazardous Matedafs.Trustor sha(1 keep the Property in compl'iance with afi appfiqbte laws,oMinanoes and regutations . "'� � .
<br /> � ' , retating to industriai hygiene or ernironmental protectian(wllecUvety referred to herein as'Environmental Laws7.Tn�or shatl keep � �° -•;
<br /> -,� -- the P�operty fcee fiom alt substances deemed to 6e hazar�dous or tnx3c undar any Environmental Laws(coIIectiveiy referred tn heretn ,'' -.
<br /> _'. � ;�;, ss'Hazardous Materiats�.Truseor hereby warrants and represents to Lender that there are no Ftazardaus Materiats on ur undet tha ��` .,. �'':°`
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<br /> � , � Property.Tnistor hereby agrees t+o indemni(y and hoid harmless Lender,its direcrors,officers,emptayees and agerrts,and arry succes- � �r,:___
<br /> � � sors to Lenders inisrest,from and against any and afl ciaims,damages,tasses and IiabiliUes arising in connection with the presence. , - .��'°�'�=�:_
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<br /> � � use,disposal or transpoR of any Hazardous Materiats on,under,from or about the Property.THE FOREGOING WARRANTIES AND ;�',`==—-.
<br /> . .: "t: REPRESENTATIONS.ANQ TRUSTOR'S OBLlGAT10NS PURSUANT TO THE FOREGOlNG INDEMNITY, SHALL SURVIVE - -_
<br /> ` � . RECONVEYANCE OF THlS DEED OF TRt1ST. ' '
<br /> •� - � "� �" t0.Asstgnment of Rer�ts.Trustor hereby assigns to Lender,and grants Lender a security interest in,ail present,future and -
<br /> - . ' after arising rents,(ssues and p�ofits of tha Ptoperty:provtded that Tiustor shall,until the ocairrence af an Event af Oetau(�hereunder, -
<br /> �� . have tha dght to coltect and retain such rems,issues and prafits as they became due and payabie.Upon the aocurrence of an Event of : —
<br /> , • , qefault,Lender may,either in person or by agent,witli or vvithout bringing any ad3on or proeeeding,or by a receiver appointed by a = ---
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<br /> ` oourt and without regard to the adequaLy ot its security,enter upon and tatce possession of the Proparty,or any part thereof,in its own � :`,,�->:�¢��.--
<br />- �. � �� - � narne or in the name oi the Tn[stee,and do any acb whiah it deems necessary or desirabte to presenre the value,markehabiiity ar ��-;,�:_:.._.
<br /> • ` rer�tability of the Property,or any part thereof ar interest therein.or to inaease the income therefrom or protect the searity hereof and, f� �••��°�—
<br /> - � � with or without taWng possession of the Propsrty,sue for or atherwise coltect the rents,issues and profits thereof.Induding those past :� _':�';;�
<br /> • � , .,� � due and unpald,by notifying tenaats to make payments W Lender.Lender may appfy re�ts,issues and profiis,less costs and expens- � < .,�;��,
<br /> _ � _. , .,., es af operation and'collection inGuding attomey's fees,to any indebtedness secured hereby,alI in such order as Lender may deter- _ �_f�.:
<br />_ . • , m(ne.The entering upon and taking posse�ion of fhe Pmperty,the ooltection of such renis,issues and profits.and ths applicatlor�
<br /> ffiereof as aforesaid sfiatl not arre or wahre any default or no6ce of defautt hereunder or irnalidate any act done in response to such �
<br /> default ur pursuant to suct�notice of defautt and,noAvithstanding the conUnuance in possassion of the pmperty or the coltecbon. � =-=-=
<br /> � .. , reoeipt and appiicatlon oi renb,issues or profits,Tnistee and Lender shall be entlHed tn exerdse every righf provided for in atry of the , •`�,��-�-��.
<br /> �_: ' , Loan t.�strumenia or by law upon oocurrence of any Event of Oefault,induding without Iimitadon the dght to exen;ise fhe prnves ai sale. _�:�.: «"�
<br /> . . • Fu�'.��er,Lenders dghts and remedies under this paragraph shall be cumutative witt�,and in no way a IimitaUon on,Lenders rtghts and � �
<br /> � � . � � remedies under any assignmertt oi leases and rents recorded against the Pmperly.Lender,Trustee and the receiver shall be liabte to ���`y��'
<br /> � ' account oNy for those rents actualty recelved. � '���
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<br /> • . , ' . 1i.Eventa of�effautt The foltowing shail constitute an Event of Oefault under this Oeed oi Trosx ,. _ . � - -
<br /> • (a)Fa3lure ta pay any instaltrt�ent of pdncipal or interest or any ather sum secured hereby when due; , . ;.�-;;t.�
<br /> _ --- - � (b)A breach ot or default under any provision cxinta(ned in the Note,fhis Deed of Tnist,any of the Loan Inshuments,or any . . �,�;;"�.�•
<br /> ,'�� other lien or encumbrance upon the Properry; : � -
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<br /> � � (c)A writ of execu6on or attachment or any similar process shall be entered against Trustor which shali become a iisn on - � ;;D.;^-
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<br /> � the Property or any portfon thereof or interest therein; - , �:j g„,�
<br />:. • . • (�Thare shall be fitsd by or against Trustar or Borrower an action under any present or future federal,state or other statute, '�'^`s:
<br /> � law or regutatton retaUng to baniwptcy.insotvency or ofher relief for debtors;or there sholl be eppointed any trustee,receiver or �• ;,. ;:;� �
<br />"' liquidator oi Tnistor or Borrower or of all or any part of the Propedy,or the rents,issues or profita thereoi,or Trustor or Borrower •
<br /> � . shatl make any general assignmenf for Ne benefit of creditors: � ••• � ��
<br /> � � (e)The sate,transfer, lease,assignment,ccmreyrartce or turther encumbrance oi ati or any paR of or any interesf in the -•• .
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