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, - �;,` .k. . ..2 �• . .._...�.____. - — ----"..'---"-._.'_�'..._.__.. • ...�.,..L.:v_��.�.. �,....�'�' _
<br />..`. � ��� �V�V�� � . ; t� . ` �. .
<br /> `proc�eds�in conrescdos�with cortdemnation or oiher taking of the Property or paR thereof,or tor conveyance in�ieu of a�ondemriatiosi. � -
<br /> Lender shail bs entiUed ai i�option to commeace,appear in and prosecute in its o�vn rt�any aciian or procee�ings,and s4Eat1 atsa . -
<br /> " be en8ti�d to enake any ccmQromise or ssttiement In connactlon�rith such taldng or d�mage.In tha svent ar6y par�on of the Pro�rry is . __
<br /> so taken or damagsd,Lsrtd�t st�l!hsvs the op�an in its sals and absotu'�e dlscre�an.to aD�fy ali such proceeds. aRer daducUng - -- _ - - _:
<br /> thereirom ffiI cosis and e�enses incurred by it in oonnection witt+such Praceeds,upon any tndebtadness sea�red ha�e�y and in such •—'- ,�
<br /> order as Lender ma�de:armtne,or to apply al!such Rroceed�,afier such deductfons,to the rosto�aUon af tha Property uQon suds oon- � -
<br /> di4fons as Lender may detertnine.My apDUcation ot Proceeds to indabi�dness st�a0 nat extend os postpone the dua d3te ot ar�y pay- . .
<br /> mente under the Note,or cure any deisult ttsereunder or hereundsr.My unapplied funds shall bo Petd t'a Ttustcr. .' '
<br />. � � B.�er�miance by 6enQer.Upon the oocurrence of an Event af Delault hereunder,or if any act Is tatcen or lagal pccceeding , ,. ,.
<br /> , oommence0 v�rhich matertally aftec�ss Lendae's intarest in tha Pro�arty,Lertdsr may tn its own discretion,bui without obGgation to do so, � �� .
<br /> cjnd eviU►out reotice to or demand upon Ynistor and Krithout releasing Tnis2or trom any obiiga�on,do any aat r�hich T�usior has agreed "��• .
<br /> R •
<br /> ' but failed ta do art�may aiso do any othar act it deems necessary to protect the secud4y hereof. T�ustar shafl,imm$diateh�upon �
<br /> dsmand thsrator by Lender,pay to Lender a!i costs and e�enses incurred as►d sams expsnded by Lendar in connectian with the exer- � • _
<br /> �� cise�y Lender of t4te toregoing�ights,together wi4h imarest thereon at the defauit rate provlded in the Na�s,whlcA shall be added to -�----- `
<br /> � ' �he indebtedness s$aued hereby.Lender shaf!rtat incur any tixbility because oi anything it may do or amft to do hereurtder. ,.�, � ' . � �
<br /> . 9.Hazardons�IlabHais.Tnrswr shall kee�the Property tn compliance witfi a�l appiteable Iaws,osdinances end regulaYons .: �� --
<br /> .- � reSating to industrta!hygiene or environme�l protsctlan(ooilectivefy referred to herein as`EnvtronmenffiI taws"1.Tnrstor sfiati keep - ..- ,:=.�w�--
<br /> ' the Property hee frum aU subsffinces dasmed to be harar�das�s or tcxtc undar any Environmental Laws(caltectively cefetred to Aerein ' ,.:��i s-.•'"".:
<br /> � as'Fiarardous Maieriat�').Trus2or herebyr warrents ar►d represenss to Lender that tt�ere are no Hazalloas PJlateria�s an or un�ar the ' .�,.�,F��
<br /> ,;� Property.Trustor hereby agrees to(ndemnify and hold harmtess Lender,its directors,officers,empioyees and agsms,and ary suooes- �;;-_,_�-
<br />' sors to Len�ts ir�terest,from artd against any and al!daims,damages,losses and liabitit3es arising in connecHon with the presance. �s�°
<br />_ � �,:n;�_;_._;-`::::�
<br /> use.disposal or transpod of any Hamrdous Materials on.under.fram or about the Praperty.TOiE FOREGOiNG WAAF?ANTIES MlD . :t, ;.��;�_�
<br /> REPRESEN�'ATIONS,AND TRUSTOR'S OBUGATIONS PURSUAN7 YO THE FQFiEGO1NG INOEMNITY,SHALL SURVIVE ___,_
<br /> - R�COI�R/EYANCE OF TH1S QEED OF TRUST. ' �
<br /> � ' 10.Asslsnmenta ot Rents.Trustor hereby assigns to Leader,and granis Lender a security irrterest i�,a(1 present,future end °' :
<br /> afGer arising reMs.issues snd profits ot Me Property:Provtded lhai Tnistor shall.until the occurrence of an E�c-r3 ot Delault,hereunder, j �-'
<br /> have the dght to capect and�etain suc3►rents.issues and pro�ls as�ey beoome due and pay�`�.Upon ths occurrenc�af an Event of ' LM1 � �;: ��
<br /> s ► .
<br /> Detault,Lender may,edher in per�cn.er by agent,with or without bringing any actlan or proc�-�ing.or by a recetver a�cr_-etsd by a ��'.:;:
<br /> • oouR and wfUwut regard to�e adequacy ot its security.enter upon and take passession of the Property,or any part thereof,in its own ,' ,���.+��.-
<br /> -- � - name or in the name c�'r�he Trustea,and do any�s whtch ft deems neoassary or desirahte w preserve the vaiue,marketa3�Tiry ea _��°`;�^ -."
<br /> � � renffibility o8 the Prop,zre�.or any psR thareoi or in:��rnst therein.or to incraase the incame therefrom or protect the security hereof ertc8. �'`:
<br /> �:�-,_,_.
<br /> a�•. ;-�',-.
<br /> • with or witlwutffitdng pnssession of the PropeRy,s�aa for or othemise collect the renta,tssuss arqd prof'ds thereof,inciadir�g ti�+�e past r y. ?
<br /> ��� due and unpald,by notifying terra�s to make payments to Lender.Lender may appty rents,Issues and profits.less oos�a�v,t expens- :.±,,:�� ;
<br /> - es ot operatlan end caltection inctuding attome�s tees,W any inde b te dness secu r e d here by,a l l i n s u c h o r d e r a s L e n�r c r c�y d eter- �, . • '�F`� `
<br /> c �
<br /> . � mtne.The ertering upon and taking possession of the Property.the coflection of such rents. issues and profits.and ti�appficatlon .a �__� :;.
<br /> thereof as aforesaId shall not cure or watve any default or noUce of dafault hereunder or imatidate any act dor�e in res�onse to s�ch :�, �'_ ;;�
<br /> defauR or pursuant to sucb notice of dafautt and, notwithstandtng the continuance in possession of the gca�eRy ar the ooflec8on. _ ,, ,�
<br /> e
<br /> recetpt 2ad applicaUon of rents.issues or profits,Tn�stee and Lender shall be entltled to exereise every dgM provlded tar a�any of tha °'�:�;,,
<br /> - Loan tr�.-nents or by taw upon aocurrence of any Event of Qetault,induding witl�aui Itmita�an the dght to exercise the�lzr at sale• :�
<br /> witl zr
<br /> Further.�:�defs�iyr".'�and remedtes under this paragraph shali ba amulative vr(th,and(n n��My a Iimitatlon oa�,Lend�s�ts end �?��"�:
<br /> •�' � � remedie��ander a.zy�s-ignment of leases and�ants recorded against the Prop�7ty.Lender,Tn�stee and tl�a recehrer sM'e�{L.hfe to � �,'��q::'
<br /> account oniy tOrU�e�.aa aazds ectually received. .- "' `�
<br /> 11.Einnts��ault The tollawing sf�aU�nstitute an Event of Defauk under this Deed ot Trust '�E°� .
<br /> � �t, (a)Faiture tn pay ar►y insialtment o!pdrs:3�al or interest of any ottter sum seourad hereby when due; � ;
<br /> t
<br /> (b)A breach of or detauft under any proviston oonta�ned in the Note,Uils Deed oi Trust,aa►y of tfie Lcan inst��ans,or any
<br /> of�or Nen or encumbrartce upon the Property;
<br /> (c)A writ o!execWon or attachment or any stmflar process shall be entered against Tnistor wh'.c�'�sfiall become a i3en on ' -�-
<br /> *+m-_
<br /> . 1he PropeRll Y po )�.N'�
<br /> or an rtion thereof or fnterest therein; ��---
<br /> � �_,"f � (e�There shall be�ted by or against TrusL�r or Borrower an acion und9r acry present or future isde�al,state or other sffitute. _ _�.._ .
<br /> - law or cegutaUon relating to 6ankruptcy.insoiven�y or oUrer r+eliaf fos debiors;or there shall be ap�ointed any bvstee,recehrer or -., _
<br /> .� liquidator ot Trustor or Borrower or ot all or any paA o?U�e PropeRy,or the renis,issues or proftts thoteof,or Tnlstor or Borrower �.-�,:r- .�
<br /> shall make any general8sslgnment tor the benefit ot creditors; �d -
<br /> . (e)The s•v,transter.teass,assignmenL oonveyance or further erwxanbrance af aA or erry part o!or eny tnterest in the ..'�
<br /> pro�eAy.eithe���niuntarity or invotur►tadty,witt►out the e�ress wdtton c�ni of Lrn�r,provided that Trustor shall be permtt ��_�-n-��;,;i
<br /> ted to execute a(ease of the Property that does noi cantafn an optfon ta��rchase ar��.`ta tean oi which does not exceed or�e '.:�^
<br /> • , y��; ,_.._.-
<br /> „ . (�Abandanment o}the Property;or ��-:-
<br /> (g)8 Trustor tY not an individual,the issuas�ce,sale.tranater,essignmen�oomeyance or encumbrance of ma�a than((f e ��i��;�
<br /> • cor�c�ratlon)a total of perc�a�7 its issued end outstanding stook.or pt a paRnership)a totel oi per- . "" . :ri.
<br /> cent of partnership interests,or('d a lim��l li�bility company)a total of peroent of the Iimited liabitity oomp� �`��'t��r,�.��
<br /> . ny irsterests or vottng dghts dua.ng 9he�errod this Daed oi Tnrst remains a ilen on tha properry. --- � _= .�`
<br /> t2.RMn�di�s;Acceferatlo�W,Foh��lt tn the evem of any Event ot Oefauit Lender may,without notloe exeept as required ��,.�z.--,.��
<br /> , hy Iaw,dsetate all U�debtedness sec�•ed h::�by to be due and payabte and the same shap Yhs:eupon become due ansf p���bfe with- _'""'° � ':
<br /> out any pr�antment,demand,protest or notice o!any kind.Thereafter Lender�^:ay:
<br /> (a)Derna�d that Trustee exercise the PL�WER O F S A L E granted t�rdin.and Tnutee sha11 ther�after cause Tn�stofs irt'er �-`��?!��
<br /> est in the PB,�rty to be sold and the pma:m63 to be dlshibuted,ali tn ttae manner provided in the tV�+raske Trust DeeQs Ac� -r�'"'R°°�'--"
<br /> � (b)Exercise any and all rights proWde�for in any of the Loan Instruments or by law upon�menoe o!any Event o} �,,:,,. _ .�� '?;�'
<br /> Ua".ault;and - -
<br /> . (e)Commence an actlon to toreclose this Deed of Tca,si as a mortgage,appoint a recelver,or spec�icalty ers",aroa any of the '
<br /> �t�'-
<br /> cavenanis hereof. ._'.. ::
<br /> No remedy heretn contetted upon or reserved to Trustae or Lender is Intended to ba exclusive of any other remedy herein,in tAe Loan ° °•,,._
<br /> - inatruments or by Iaw provided or pertnitted,but oach shalt be cumulaUve.sh¢fl be in addiUon to every oitoar remedy given hereunder, _~�;,��--�:•;_;�,.•__
<br /> in the Laan tnsWments or now or hereaftor existing at taw or In equtty or by s�tatute,and may be exercised concurre�ry/.independently
<br /> • or sicaneaivoly. .,":::�::"`�.,-�.;.
<br /> ; .... :,;:
<br /> 13.Trustae.The Trustee vna�resifln at any Ume wIthoia3 cause,and Lendar may at e�y time and v�(thout caus�a,qpmint a suc- �,:,•.,t. , • ,
<br /> cessor or svbsUt�te Trustea.Trusise shall not be liable to any paRy,inciuding w3thout Iimit�iUon Lender,Borrower,Trusiar ar any pur- 3`��'i``''•... :
<br /> �: ,, ,; chaser af the Property,for any loss or damage unless due to reckless or wi!ltul+rta�soonduct,and shall noi be requirod to take any acita� . .
<br /> in cannec4ion wiL10 t��i enforoement o}this Deed o!Trust untess Indamni4le�,im cwri8ng,tor ali costs,oompensaUon or expenses wh3c3+ • •
<br />� may bg�ss�dated therewlth.In edditlon,Trus4ee may become e purchaser nt any sate of the PropeRy Qudicial or under the power of ' �. "
<br /> � sate p�n^.ad herein);pos�one the sale of�ll or any poNon of the Property,as provided by Iaw;or sell the Property as a whole,or in .� ; � �.� ' _
<br /> .. � separ�te pameis or tots at Trustee's discreUan. . =``�""`"'�
<br /> t4.Fe��and Fscpen�.In the event Trustee sells the Pro�erty by exercise ot power ot sale,Trustee shall be o�r'Ced to appty - . _
<br /> � any sale proceeds fi�st te paymenl of alf oosts end expenses of exe�cising power of sate,inctuding all Trustea's fees,anG Lende�s and � • ;:,,
<br /> . 7 r u s t e e's a tt ome y's tees, actuali y incurred to extent permitted b y appUcabl8law.In the event Borrowor or Trustor esoercises arry 6ght • . • ;::',:�,.
<br /> provided by faw to cure an Event of Oetauit,Lender shall be entiUed to recov�r from Trustor all casts and expenses actualty inr.urred as �..:�;�;..G
<br /> a resutt o}Trustors default,in�r�uding withoui UmiffiUon all Trustee's and attorrtey's tees,4o the extent pertnitted by appticahle law. • ,
<br /> ' 15. Futuro Advance�.lDpon request of Borrovirer,Lender may,at its opUon.makQ addiUonal and future advances end read- ,'�`��.:��� � .
<br /> - ---- var�r,a�:c Sarsa:.•ar.Suct:�:�^.��:d rear3:�ar!r�ss,�ittz i�teresi therean,ste�ll ba soc�,red by thls Deed of Trust.At no time sha114he :;"•_`� -,_-- _- -
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