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<br /> ������`$�ii� . �'`f' ( ' �-• ..
<br /> `�rooe8ds")in oonn�citon v�ith condemnaUon or athsr taking of the PropeRy or paR thare�f,or for oonveyartce in lieu of con�amnatIon. _ � �����•:°��.:s;�=„
<br /> � Lender shal!6o enfitlsd ai its o�Uon to oommenos.appsar in and prosscute in its own name any actlon cr proceed?ngs,artd shal!atso •( �,, �.��.�. �.
<br /> --� be enttUed W make an comAromise or settJement in oonnactlon w�th such takin or tn the event an portian ot th�Propart}f(s _� � �-
<br /> — y � �49• Y ��._ `�. -•�-� --
<br /> �. so taken or damaged.Lender shall�ava tP�e option(n its sote and absofute discrotinn,to appfy all such procseds. after deducdrtg ,
<br /> Urerefrom alt oosts and expanses incurred by it in connsction�ritPi�ach Proteads,upon ary inda0tedness secured hereby and in sacM .� ' . f.a,
<br /> order es Lendfx may deierrn(na.or to apAty all such Proceeds.efter suct►deducUon3,to ihe restoratton o1 the Property upon such con- �,-� ' ,. �� "�`
<br /> ditlons as Lendar rn3y dste�rnine.AnY apAUcaUon ot Proceeds ta in�abtedness sha0 not extend or postpons the due date o!any pay- • • � ''�: `
<br />_. msrds under the Hoto,or cure any dotault Utsreunder er 4tereunder.Rny unappiied tunds sAell be pffid to Tn�stor. . • �
<br /> B.Partc�by LensSec Upon the oocurrence o#an Event of Oetault here�nder,or if any act is taken or legal proceeding , , •p
<br /> commenced which matariatty�Jtecb Lend�fa interest in the Proparty.Lender may ir'+its own disraeEOn,but wlthout obiEgaUun to dfl so. � 3• `
<br />_.- and without rtoSce to or dsmand upon Trustor and with�ut reteasing 7rustor irom any obllgatlon,do any act wh�h Tnistor has egread '
<br />...
<br /> but failed b do and may also do any other act it deems necessary to protect 4ha security hereaf.Tn�stor shaff,immedlatety upon � '.' �:: . � . .
<br /> � demand therefor by L�nder,pay to Lender a!I oosts and expenses Incurted and sums axpanded by Lender in oonnectlon with the exer- �=`�='----`— -�
<br /> � �. • _-
<br /> ase by Lendsr of the roregoing dgnis.togeti�er wtu�m[eres�iit8teotl ni iit8 tieiauii t8ie3 piulriu'cG ii�um iioiew.v�i�r'►si�b�adde�i to � -'�� =-`-=�-
<br /> the indebtedr�ess ses�reci hereby.Len�er shall not incur any liability 6ecause of anysthing it may do or omit to da hereunder. • • - � -
<br /> ses , „,.:... ,_,.
<br /> • 9.Hazardous Mabrtata.Tnutor shall keep the Propsrty in compi[ance wSih all applicable taws.ordinances snd roguia!iore � •,: �_ .. ._:
<br /> reiaYirtg to industrial hygiana�r environnientai prat�cUon(ccUectivety referred w harein�s`Envimnmenffi1 Laws}.Trustor shal)ksep ' �T"' `. r.+;,�.:,,... .
<br /> fl O ....�-..?'.,—ur-.,'-_;.. -
<br /> the Pru{teRy fiss from all substances�Seemed to be haz�Naus or toxtc under any Environmentai Laws(cotlectivaty reterred to herein • '�`*��'-�`
<br /> as`Hazandous Materials�.Trustor hareby warranfs and represents to Lender that thera are no Hazardaus Materiafs on or under tha ''����-� -
<br /> �:.�.�,.=:�,_�
<br />-� PropsRy.Ttusflor 1Lreby agrees W indemn'sfy snd hotd harmless LenaiQr.its dt�dors,o4Hcers.emptoyees and agertts.and arty suooes- - � _
<br /> sors to Lendefs ir,brasL trom and against any and all claims,damages,Iosses and IiabiNtias arising in oonnection wiih the presence, •���°� : -- �_ •
<br /> use,�isposal or transpoR of any Hazardous Materials on,under,from ar aDout the Properly.THE FOREGOfNti WARRRNTIES AND "`�`'���'� �
<br /> REPAESENTATIONS.AND TRUSTOR'S OBLIGAT(ONS PURSUANT TO THE FOREQOING INDEMNITY,SHALL SURVIVE �:��� ����
<br /> .�.trt =:_._�.,y`._r,-.
<br /> RECONVEYANCE O�THIS OEED OF TRUST. `�a=,��-�-_= --
<br /> 10.Asstgnmtnta of Rettts.Tn�.star k�y ass'sans to Lender,and grants Lender a secudty interest in,all present,tu0ue and
<br /> after arising rents.issues and profib of the Rso�eriy pmvided that Trustor shaU,until the oxurrence of en Event ot Detauit.hereunder, ____-___ --- -
<br /> :� t�co the dght to ooll..�ct and retain such rents,issuss ar,d��ftts as they bec�mo dua and payabte.Upon the accurrence of an Event ot �s,`'a�, ��'--_L
<br /> Q�.tt.Lendsr may.either in pr�son or by agern,wiU�cr��oat bringing arry actlan or proceeding,or by a receiver appoU►ted by a �,g=
<br />' -- aa�mtand wiihoui cegard to the�quao/of its security.c-t�r u�►on and take possesslon of tha Property.or any paR tptereof.in its ovm �'�;'"1—•.
<br /> na.�a or in the namo ot the Tacs�e,and dQ a.�y acts which it deems neoessary or desirabte to preserve the value.maricetabi:ity or ;�`a' '�'' "�
<br /> Bn*abiUty of the t°rapeRy,or arry part thereaE cr interesi therein,or to increase th�incoma thsrefram or protect the security tiereaf and, �"�` '
<br /> �' with or witltout taldng possess'sa:�oi the Property.sue br of otherwise oolteci the rents.issuea and profits tltereof.Indutling thasa past ti�_ '•���` —
<br /> �` �f, dur and unpaid,by nottfying ta.a-,�rxs to make payments to Lender.Lender maY 8APfy rents.issues and prafr',s.less oosts and expens- • � _.
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<br />�' '-��• es of operation and cafledian i-e�r:r�ng attomey's tess,to�ny indebtedrtess secured hereby,alt in such order as Lender may deter- ����'.�� -
<br />'"'�"• mtne.The entering upon an�'.nt:rr�posse�sicn ot tha�orry.tha cotlection o?such renta,issues and profits,anti the appik�ttan ; ' ,.��.��-
<br />;4�'l�'e: thereof as aSaresald shall not a:.�or wa.'���y defauft cr no�ce of defaufi heroursder or invalidate ar►y act done in�esponse to sucb - - �
<br /> "`5 ' defauR or pursuani to such Rc��a of def^.:�and,notvri��nding the cflnUnuance in possessfion o!the propeRy or the collecHon. ' '
<br /> �,�``• receipt and applicaUon ot rents,��ues or pmfds,Trustee sr+i Lendet shall De ernitled to exert�se every flght provided tor(n atry of the � :; ';' �,
<br /> Loan Instruments or by!aw�^,mccurrence of any Eveni cf,Qefault,induding without Ilmitat�an the dght to exercise the power of saie. '
<br /> ' : ti Furiher.Lendefs dghts end r��es under this paragrafsh stiall ba cumutative with.and in no way a limita�or�on,Lendefs dghts and ` �1,��._
<br /> remedles under any assignm2!-E o?leases and rents�ecorded egainst the Properiy.Lender,Trustee and the rec�ivar shell be liabla to ����'�� °-
<br /> ��:� • i�iei±
<br /> 'i accaunt onty for those renis actuaty recelved. � a� ;
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<br /> � 11.Events of QofaulL The faib:;.vfig si�ali oonsBYtute an Evertt o!DeTautt under Ws Deed of TrusC -_ -�
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<br /> •'�.'�,,, ._.<,:
<br /> � (a)Fanure to pay astiy:c�.��teti�vant of pdncfpa!or interest W eny other sum secured hereby when due; '�,,y=;.�.
<br /> . . (b)A breach o1 or dr�i�:,7t under any prov(sion oontained in fhe Note,this Deed of Tnist,any o!the Loan instruments.ar riny - -� �;�:� _;
<br /> other lien or encumbranp upon ths PropaRy; "i � - -:
<br /> �' (c)A writ of exea�ton or attachment or any simitar process shall be entered against T►ustor whirfi shall become a I��z.an -��.=.
<br /> ��_. .:_
<br /> , the Propert�r er any portion tbereof cr ntArest therein; �.�:•••�
<br /> . (dj Ttc��ha11 be fiieA by or a�:r.�:7rustor or Borrowar an action under any present or tuture tederal,state or other s�tuta. ���—��:i
<br /> ' taw or regutation reia�g a bantwp'..ry.insolvertcy or other relief tor debtors;or there shall be appoinfed any trust�e,reoehrer or A
<br /> ���c--�---- -
<br /> . : � tiquidator af Trustor or�ut�axer or ot al or any�,t.a�;,he Property,or the renis.Issues or proflts thereof,or Tastor or Borrower :��,
<br /> shall make arty gener���:�Tent fa�Ette her,s3e d��°:ditors: . -- �_. .�-��
<br /> � � (e)The sata.Vans`-:r.:ease,�r,�rr�en�corn,�ayance or further encumbrance of a!1 or any DaR o!or any interest In the E�'=-�—�,��.-.._ ..
<br /> �;�tti '� Property,either voiuntz^�`y �r i�vaF!u�t::ni:f,w(thout the express writUen oonsent of Lender.provided tttat Tnistor shall be pertnit• �r��,�.-.,_
<br /> :�,,�., , ..; .. . ._.
<br /> . ,,f, ted to execuie a lease af�e Pro�e:�s t�.at does not wntain an oplIOn to purchase and tha te�n of which does not exceed one .. � �:.
<br />. . YBar+ ..,z:;��ry�j�nl�fi! -
<br /> � (�Abendonment nt titr��:opertY:cr = �
<br /> � ' € (g)If Trustor is not 2.n 9ndividual,the Issuance,sale,transfer,assignment,canveyance or encumbranoe o!more than(8 a . __ .
<br /> ';i"''s: corpora8on)a toral of pc.�ent of Its issued and outstanding stxk,ar(if a paAnershlp)a totel oi per- _ .._�1�.��._�• �. '�: ., ..
<br />..:ifia fr�. .—'.�p.qNv",�`.'.�..��
<br /> ;.;:}S;�` . oent of Rac4tershlp interests.or(f r�ilir,:ted liability company)a totat ot pero2nt of tho limitod Itabiliry oompa- ti.:��::;
<br /> !;
<br /> ny interests or voUng dghts dudng tRe peAod thls Oeed oi TNSt remains a lien on the property. -�• ,Ss,�r'
<br /> 1Z R�madtes;Aentac�fcn Upon Oetautt In the event oi any Event ot Detauft Lender may,wlthout noUoe except as requiced ,y�,..;;�;::_` •'•`'.
<br /> . by faw.dedare all IndebieAnos�secured hereby to be due and payabte and the same shall thereupon beoome due and payable witM f'�'^~'=�''���•�._
<br /> ..�,�., _
<br /> out any presentment,demand.protest or no�ce o!any Wnd.Theraafter lender may. ;�;,';�:., . '--
<br /> (a)OemanQ that Tnistee exerct��e POWER OF SALE grantod hereln.and Trustee shell thereafter cause Tnistora inter- � •� 'F;1i,.� :•. .
<br /> est in Me Properly to be sold and ttic praoeeds to be dlsbibuted,afl tn the manner provlded In the t�e�►eska Tnist Deeda Acx ':�f����!: s . . -
<br /> �'•''�S" � -
<br /> (b)Exercise any and all righ�rrcr�nded for in any of the Loan Instruments or by law upon occurrenco of any Event ot , �•;,, _
<br /> 1�),i
<br /> � Oeieuth,Snd . r t'�^i:-�- • •�1
<br /> (c)Commenw 2n�:►an to torec�ose thls Deed of Trust as a mortgage,appoint a receiver,or specifk�lly ontome any oT the � �i°�: � : �:"
<br /> �• cavenanb h�e�eof. �.L:. �••.,'�� .`• �-
<br /> •,;.��;. !.} -` '�
<br /> No remedy herar,,�nterred upon or resE�vc4:�Trustee or Lender Is Intendod to be exc(ushre o?any othor remedy hereln,in tfi�f:r.�v� �������%�TM•-��_
<br /> ' I n s t r umenTS or fLVY provkled or rtnitted.,Jut each shall be cumutativa.sha0 be in addiUon 4o eve other rem en here+m:+�ler. ' '}``�����—•
<br /> . � p e ry edY 9hr :���;��
<br /> in the t,aan Instruments or now or horeafier exlsting at taw or in equlty or by statute,and may be exer�lssd cnncuaeh2fy,lndspenuenUy _. . T-'� •
<br /> or succesivery. '��~. . �
<br /> 13.Trusiw.The Trustee may resign at any dme vrithout causs,artd Lendsr may at any ttme and w3thout causs appalnt a suo- � � .,�, _
<br /> ...:3t:�:.'�-'»'.�.;.,.i
<br /> oessor or s��tf,'�.2e Tn�stea.Trustee shatl not ba liabte to any pariy,including vrithout Ilm3tatlon Lender,Borrower,Trustor or any pvr- _,.4;Y;
<br /> ctraser ot the Prc��rty,for any loss or dam?ge unless due to recktess or wHliul misoonduct,and sha0 not De�equfred to take eny acUon ' •"`!��`' �•� �
<br /> in connectlon v�11�the entorcement o!thls ET��ed of Trust unless indamnitled,in wriUng,for all casts,com�pensaUon or expenses whlch __.����=�.`'
<br /> � may be essociated tt�erewith. In additlon.Trustee may beoome a purchaser at er►y sate of the Property Qudicial or under the power of �°-�-��:
<br /> . sale granted hereln);postpor.o�.he saie o!all or any portlon of the Property,es pro�ldad by lavr,or sefi thv PropeRy as a vJhate,or In • , -
<br /> separate parce(s or fots at Tnar�tee's discretion. � _ �'�`
<br /> 14.Fses and F.xper.�as.tn the event Trustee selts the Property by exerclse of power o!sala,Trustee shall be entitlsd to appty • � . —
<br /> any sate prooesds Hrst to payment of all costs and expenses of exeroising power of sate,including all Tn�stse's tees,and Lenders and - -
<br />_ Trustee's attomey's tees, actually incurred to extent permitted by epplicabfe►aw.In the svent Barrowar or Tn�stor sxerdses any righ! ��`
<br /> provlded by law ta cure an Event of Oe}ault,Lender shall be entitted to recover iram Trustor alt oosts and expenses acWal�y incurr8d es ' .''�
<br /> . a resuft o}Trustor's detault,including without 8mitation ell Trustee's and attomey's fees,to ttie extent pennitted by applica6ls tav�. � • ,
<br /> 15.Fu4we Advanca�.Upnn request o?Borrower.Lendet may.at its oA�on.make addidonal and future advances and rsad- . � _ . . • �
<br /> vanoes to Borrawer.Such ativances and readvances,witf�interest thereon,shall bs socured by tNls Deed of Trust At no Ume shall the .. . �
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