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<br />' __� _w��.G..�Y h}'��S _ -....�_ �.y.. ._ . _..�.. ... 'fI3l�Z ' !
<br /> 97�- 100��� �«�'';���
<br /> �, `:,v.�;,•�.:�
<br /> � `procaeds'in connection wifh condemnedon or othar taking of the Proparty or part trtareat,or tor�onv�yance►n lieu of oondemrtaUon. , r, , ,,.,,,..
<br /> ` Lender shali bo entitted at its opUon to commsnoe,appaar In artd prosacuto In its am nama any action or procsedings,ead shaU elsa . i •. ,:' ..
<br /> be entitled to make any ccmAromise or settisment in cor►aectlon�rith such ta4cirtg or damaga.In the event any poNon of the Fropsrry is t •_-
<br />� so teken or d3m�gad.LQrsdflr shall have t�e optlon in fta sole�d ebsotute discret►on.4o appy e1�such Pt�cceeds• after daduc2ing r . ,
<br /> � theretrom aU oosts and exp�enses InCUrred by It in conneeUon wiih sach Procseds.upon eny tndE3btedness sscured hsreby and in surfi � _
<br /> : , order as Lan�er may datermino.ot to appty��I s�ci�Froce�ds,after such daducUons.to tha restoratlon o}the Pmpsrty upon such con- - , < .�;;.�.
<br />��� diUons As Lendsr may datertnina.Any aD�ticF111on of Proceeds to+ncttafltedness sha��not oxtond or postporte the due date of eny pay- _ _. .�,
<br /> menis under the t1ot�,ar cure any delault lhereunder or hereunder.My unappUsd iund9 ehall be pad to Tn�stor. ,
<br /> . ' 8.pirfctmanca py Lettder.Upon the oxuRance of an Event of Defnult hereundar.or if any aci is tatcen or legal procee�tn9 . . ' ,-
<br /> commenced which mate�iaity aftecis Lendete interest in the Properiy.Lendaf may in its ovm disc�tion,but vrithout abtipation to do so. __
<br /> � and wiMout notice to or demand upon Trustor and without reteasing Trus4or from any oblfgatlon,do any ect which Trustor has agreed
<br /> -� � p�t�t{ed tp do end may elso do any othe�act it deems nec�sary to protec4 the securlty hereof.Trustor shali. immed�ate(y upon c .
<br /> dem3r►d ihe�for by Len�'rar,pay to l8ndet al!c�sfs at+d exPensea incurred end sums expended by Lendar in connection vrith tha exerv �
<br /> . • dse by Len�fer ot ttta 4oregnir►9 dghts.toge4�er with irrterest thereon at ths detauit rate providad in tha Note,which s►tal�be adsisd t° '" �,.
<br /> f
<br /> the indebtettnesa se�ured hereby.Lender shall not incur any Iiabiiity because ot enytt►ing it may do or omit to da hereunder.
<br /> � 9.Hazatdous IliaZtriata.Tn�sfor shall keap th�Proparty in complfancs vrith eli appHcabte law3.ordnances end regulations •� • .'.�.
<br /> relating to industrfal hygiene or environmeMai pratactlon(coftectivaty referrad to hereln as`Envimnmental Laws'�•Trustflr shaU keep , . ,
<br /> tP�o Properry frea irom all substances desmed to be hazardas or toxic under any Errvtronmental Laws(ooltecBvaty refarred to Qserein ; • � ..' , .
<br /> a s•H a z ardous Ntaterlals°�.Tnistor hereby warrants and represenb to Lender that there are no Hazarda�,�s AAater�is on or undes the '' ;�•., �
<br /> Property.Trustor hereby egrees W indemntty arid hotd harmless Lender,its dtredors.officess.emAloyaas an d agen t s,an d a n y sucoes- ;.; ;��••:
<br />" , sors to Lendars interest.irom and agatnst arry and ati Galms.damages.losses and Iia4ilittes�En�p��n01 a�WAFiRANTIESAi�1D � .` ` "��="-
<br /> use,d'isposal or transpoR o1 any Hazardous Materials on,under,trom or about the PropeRy. _ .��,�„"-_�-
<br /> r-� �s.�-
<br /> HEPRESEN7ATIONS. AND TRUSTOR'S 08L{GATIONS PUASUANT TO THE FOREGOING INOEMNITY, SHALL SUfiVIVE . ;.��� -
<br /> HEtANVEYAPICE OF TMIS DEED OF TRUST. '_=�:_�-----
<br /> 10.AssiQnm�nts of Ronts.Trustor hareby assigns to Lender.and grants Lender a sacuriry interest in.a�1 present,tuture artd __�_�:
<br /> ffiter arising rents,tssues and prafits of the PropeRy;p��ded that TnisWr shall.until the oocurrence of an Event of Oefau�,hereunder. '� �.:.:
<br /> have the right to oollect and rstaln such rents,issues and prof►ts as thay become due and payabte.Upan Urs occurrenoe of an Event of �_i��,a�eer,�'�'�-
<br /> � ' Default,l.endsr may,either in person or by ager►t,with or without bringing ar►y action or proceeding,or by a receiver ap,Qointed by a °-. �== --�_• n
<br /> ' couR end ariYr►out regard to the adequacy of its sa�urity.enter upan and take possesslon ot the Property.or any paR thereof,in itg own .,__.�, •`�,��.
<br /> name or fn the name ot the Trustee.and do any acts whicb it deems necessarSt or c�esirabte to preserve the vs(ue.marEtetats➢�t ot ; _ ��.a=
<br /> rentabilityr of the Pro�erty,or any pari thereaf or interest tharein,or to inccease the inoome theretrom or pcetec4 the securily heraof and, �.'�T�.L`;��,��
<br /> ,�s..,.
<br /> with or wthouttaking passessten of the Propefty.sue tar or otherw(se cotted the �nts,issues and profiis thereoi,inctuding those D� ..,;.� _:�'
<br /> rents.tssues and roTds�tess oosis and ezpens- ,,a�•
<br /> due and unpaid.by notitytng tenants to matce DeYR►ents to Lender.Lender maY aPPh► P �,,•• ,
<br /> " es of operatton and col�ecNon G'►dudin8 atYOmeys tees,to any indeDtedness secured hereby,all(n such o[dar as Lertder may deter- • 4,:
<br /> mine.The entadng upon an�taldng passession of the Property.the colteciion of such rents.issues and profits,and the a¢pliCatlon .. ` . :. �
<br /> thereof as atoresaid shall not cure or waiva eny detauft or notice of defautt hsreunder or irnalidate any act dane in response to su� �
<br /> '~' defauft or pursuant to such no�ce of detautt an�.noiwithstandln9 the con�nuance in possession of the property or tfie oollection, :s��� �;�° •�;
<br /> �.� receipt end ap�icatlon o!rents,issues or profits,Tnistea and Lender shall be entined to exerciae every d9ht pmvlded tor in any of the �� -��,s;�" �
<br /> ,- Loan Instruments or by law upon oocamence of any Eveni of DeTault,including vxiU�out limitatlon the right to exsrcise tl►e�ower of sale. p-.., j
<br /> x��;
<br /> , Further,Lenders�ights and remedies undar this paragraph shall be cumulative with,and in no way a IimitaUon on,Lenders dgl�ts end . .� ,�.i."� s
<br /> t....
<br /> remades under any asstgnment of leases and rants recorded against the Property.Lender,Trustae and the receiver stiall he Ilable to . '.` �. :.
<br />,. • a000unt only for those rents actuaUy received. ' '" �
<br /> 1 1.E v anta of Dftautt The tflflow(ng shail oonslitute an Event of Defauit under this Deed o}Trus� ',Y!.;:��
<br /> - ia)Fai(ure to pay any instaltrrent of pdncipa!or interest a f arry o t her sum s e c u r e d h e r e b y w P�e n d u e: �' . `
<br /> .:��i:::�,^-..--
<br /> (b)A brea�h of ai defauft under any prov(sion conmined in the Note,thfs Qeed of Trust,eny of th�Loan i�s2ruments.or any .�� _
<br /> other lien or ertcumbrance upon the Property: `L� ___
<br /> - (c)A wrft of executlon or attachment or any similar process shall ba entered aQainst Trustor which shali beoome a Ilan on ��ffi_
<br /> ' the propsrty ar any poRlon thereof or interest therein; �
<br /> � . (�There shall be filed by or against Trustor or Borrower an action under any present or future tederal,state or oiher statute, �; "� �,_
<br /> inted an trustee.recelver or ��l'"-°-:�".,
<br /> Iaw or regufaUon relaUng to bankrupi�y,irtsoNency or other retief tor debtors;or there shall be appo Y ---
<br />, � tlquidator of T�ustor or Borrowar or of a!1 or aTry R�rt of the Property.or the renta,issues or profitg thsreaf,as Trustor or Borrower •.�
<br /> shall maka any genera)assignmert for the benefit of creditors: '" �-'�`
<br /> . ,�!,_.
<br /> {e)The sate.uanster,lease,��.RRSen�conveyance or turther encumbrarice of a11 or any part ot or any Interest in 1he `�..-:�'':
<br /> pccyeRy e�ther votuntarity or invoTurcL���,�a:::`�aut t�s express wdtten Consent of Lender,prav�d..�d that Trustor shell be petmit- "' .--:`
<br /> • ted to execute a lease of the Pco�;+�i�t d�cs��:con�i�en oDUon to purcfiase and the tenn ot which does not exceed one ,;�,,,,� __�
<br /> : year ,.. ���
<br /> (�Abandonment ot tiie Properry;or - . -��
<br /> ' (gj I}TruStot ia not en indivldu�l,the issuance,saJe,Vensfer,assignment,conveyance or ertcumbrar►ce ot more than(it a
<br /> ,,,�,:
<br /> � corporation)e total of percent ot tts issued and outstanding stocir,or pf a partr�ersAlp)a totel ot per �y"!�R�:.
<br /> � cent ot parfiership Interesis,or a Ilmited liabill com an a total of Re�ent ot the limited Iiability compa- • � • ,�'
<br /> (H �Y P Y) �• ;.l�,y�}y�.f'. .
<br /> ny intereste ar vatlng dghis dudng the period thls Oeed of Trust romains a lien on the proparcy. • •*`.: .:..,., ,
<br /> � �2,p�msdles;llcceieratfon Upon Defau(t in the event o!any Event of Defaul4 Lender may,without no8rs except as requtred �Y� �air�F
<br /> fe with- ��'��
<br /> • � py�eW�dectare al��ndebtedness secured hereby to be due and payabte and the same shall thereuRon beoo�r.�c�s end PeY� �_�;��;�:_�•_�
<br />' �'r ' out any presentmen t,d eman d,p ro t e s t o r n o U c e o 1 a n y k i n d.Th e r e a f t e r L e n d e r m a y: • '"`�°.`,.,
<br /> 4 .1:-w�dttni�:l.L/�. ��.
<br /> ,�:':,•yti:s" (e)p6PAa0Q th82 TR1SI88 A%B�CiSe U10 POWER OF SALE Qr8ilt6d h0t01�1�and Trusiee shall thereaRer cause Tru�tae's tnter- ,;,
<br /> � est in fhe Propariy to be sofd and the prooeeds w be dlstributed,all in the manner provided in the Nebra5l�Trust Deg�� ' •����.�!'•°.
<br />� ;;;:. .,, , �
<br /> � " (b)Exercise an�and a11 rights provided for In any ot the Loan Instruments or by law upon occurrence of any�r.t cf ;�,,-,,,,�,�-;
<br /> �:u�,z��_ry
<br /> � DetaNx and . �
<br /> ��'.�,,`, (c)Commonco ar���on to toreclose this Deed of Tnut as a mortgage,eppoint a�ecalver,or speciflcally entoroe any o1 the ;�,;�s, n=
<br /> ''� � ' covenan�hereol. �{��,� �-
<br /> , No remedy herein oonfsRed upon or r��rvad to Trustee or Lender is intendod to be exctushra o4 r:�c;�ather remedy herefn,in the Losn '����„a�;;;•;z'��+.'� �
<br /> , i..�.:r
<br /> ��:.f�r;� Instruments ar by law provided or permil2�tl.but ea�h shall be cumulativa,shall be in addiUon t1•e�ary other remedy ghren herounder, '•,'•�"�;�a'
<br /> .,•"�t�:;�'��'..
<br /> ' ' in the Loan Instrumants or rtaw or hareaft�r exlsUng at taw or in equity or by statute,and may be�.�:�cra.,�b cancurrently,independenUy ^ ��,�S�., _
<br /> � � or suoceshrely. •, t.•,.••:•..
<br /> ' � � 13.Truste�.T7�o ge�:�.'�ee may resign at eny Ume wlthout cause,and Lendar may at an�timv end withovt�auss appoint a suo- ��. : �
<br /> • • cessor or substltute Tru:.���•Trustee sha!not bo tlable to any party.lncluding without IimitaUfln Ler�der,Bortuwor,Truator o�any pur- ,: �, . �,
<br /> chaser of the Property.i�r�.r�loss or d�.m�ge untess due to recktrss or v�ilitul misconduct,arar��=11 not be requitod to te}ce eny actlon •`_,��l,,,., '.
<br /> �' in connecUon with the er"�'osment ot this Deed o}Trust unfess indomnttiod,in wriUrtg,tor aN ccsts,oompensaUon or expenses wttich . .�,.,��_,...
<br /> � may be associated thez�t��•�n addiUon,Trustee may become e purchaser at any sale of the Property Qudidal or under the pov�er o} �� �`
<br /> . sale granted hereln);pas:��lhe sale of all or any p�tion of the PropeRy,as Provideri by►avr,or sQll the Propedy►as a whola,or in
<br /> : separate parcels or lots at'�'c�iee's dlscreUon.
<br /> 14.Fsss and Exprtrsas.In the evant Trustee sells the Property by exerciss of power o}sale,Tnistes shaU be entitled to apply
<br /> any sale proceeds first to payment of af aosts and expenses of exercising power o!sale,including all Trustee's fees,and Lenders and �� �
<br /> Trustee's attome�s fees, actually incurred to extent permittod by appflcable taw.In the evem Barrower or Trustor exercises eny dght .
<br /> .�. providad by�aw to curo an Event of Defautt,Lender shall be eatiUed to reoover from Trustor all costs and expensss actualty incurred as •c:-
<br /> a resutt o1 Tcustors detaul�including without IimitaUon all Trustee's and attomey�s fees,ta ths extent permitted by appfica6la law. , '�''`
<br /> ' 15.Fu4ure AtPvanc�s.Upon request of Borrauver,Lender may,at its opUon,mako addiUonai and future advanoes and read- ,�
<br />,..__-,=_,..._
<br /> vances to Borro�Ner.5UCh advatlCes anti ream►'anc�es.w�U►Intetesi tl�rEan.:.h�t!�s=°-c�r�d�Y��s�eeA ot Tn,st.At no time shall ths _____
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