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<br /> _, -pr�saads'��n oannestipn with condemnattan or oiher taking of tha Property or part thereof,or for canveyance in lieu of condemnation. � .:�: � ` ;a •'�
<br /> �r.L_L
<br /> lender shalt Da entlttad at iLq aption to�mmence.appear in and prosecute in its o��n n�me any ac6on or pr�oeedlr�gs,and�eali aisv -,
<br /> � be eniitled to make any oompromiss or sa4ctament in oonnecticn witA such taidng or damage.In�eal su�h yrooeeds. fafte Pd�ductln9 � ` �,� ..��.
<br /> � so taken or damagsd,L�nder shail have the optlon!n ib sole and ebsclute�screl3on.to aPPN P • ' :�`
<br /> t4�erefrom ati costs end ezp9nses in�t+rted 6y it is�cannactlon with such Proceeds.upon any indehtedness secured hereby and in sucb . , . ' ` ��.:
<br /> order as Ler+dsr may det�rm'sne,or to appry e!�suN�Proceeds,attsr such dsductlons,to the restoraBon a!the Property upon such cuo- , _
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<br /> d�tions as Lender may detamUne.Any applicarion af Proceads to irtdebte�nsss shall rtot extend or pos�one the due date of any pay- : � ��r°
<br /> �_� ; ;�u�':
<br /> menta under th�Noto,or cure eny detsvlt tltereunder or hereundsr.{!ny unapplied funds shall be paid to Trusror. •.� --
<br /> 8.Par�ortnance by Lender.Upon the oxurtenoe et an Event of Defeutt hsreunder,or if any act is takea or tegat proceed9ng •, :_ °-
<br /> opmmenoed which er�atedalty affecis Lendefs interes+t in the Property.Lende�may in[ts o�rn�iscration,but without abtfigatran to do so. , �
<br /> �. and�dttwut notice to ar dem3nd upon Trustor and wiilso�t reteasin9 Trustor trom any ohtigation,do any act wh3ch Trusior has agreed � •_
<br /> -� but iaited tD do and may�tso do any other act it deams neoessasy to proteci U►s security hsreof.Trustor shall, immediatefy upon � �
<br /> - domand fheretor by Lender,pay to l.sndar atl costs end ex�enses tncurred and sums expanC2d by Leted�r in cennectlon with the exer- -- ..__--- -., . .-
<br /> � cisa by Lendeo of the foregoing dghts.together with iniere�t thereon at ths defauli eate provided in the tVots.which shall be addgd to • . . . ;
<br /> 4he indeDtedness secnred herehy.Lender shali not i►�cur any iiabiliiy because of anYtl►ing it may do or omit to do harsundar. ,
<br /> ' 9.�rsfous Wterials.Trustor sha6 keeP the P�opertY in compCiance with all applicabfs taws.ardinances and regutarions ,;_ ;: . ,��
<br /> �elating to industrial hygiena or envfronmentsl protectton(catlecWety reterred te herein as"Environmantal law�}.Tntstor shafl keeA t; '�`.�°" __. -
<br /> tha Proper8y tree from a3f subs+�nces daemed to be hazar�ous or toxic undar any Er►vironmental Lav1s(�I(ecuvety referresl to herein ..�`_�..�.;`�'..+�
<br /> as`Ha�rdcus Matedats�.Trustor hereby vrartants and reAresents to Lender that there are no Hazardous Mffieriais on or under the .� ��
<br /> • PropeRy.Trustor tiereby agreas to indemnity►and hotd i�wrmtess Lendar.its directors.aiftcais.employees and agents,and any suooes- ����-'-.---
<br />, sors to Lertders interest,from and against any and ail claims,damages,tosses and Gabiiities arising in connecetion with the pcesence. � J -,;e,�;:'-r"'�"'
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<br /> use,disposal or transport of any Hazardous Matedals on,under,ftom or about the Property.THE F01aE(30►N(3 WARRAB�fT�ES AN� �'.<,, � :s„�"�'�'
<br /> REPRESEtY:ATtONS.AND TFtUSTOR'S OBUGATIONS PURSUANT TO THE FOREGOING INDEMNITY,SHALL SUAVIVE �- �
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<br /> • RE{ANNEY/WCE Of TIi1S DEED OF TRUST. �p�����d . .>;*�—==�_
<br /> 10.Asat�nments a4 Rents.Tnutor h9reby asslgns 4a Lender,and grants Lender a security interest in, , • ��a.:,�:-m.sT-..
<br /> after arising renb.issues and profi�oi the Property;Provided thai Trustor shall.ur�'1 U►e occurrenoe of an Event of Detault,hereunder. ��;_�
<br /> have the dght to coltect and retain such rents,fssues and profits es they become due and Pa}►abte.Upon the accumence of an Everit of ,,_:�`__=:_____
<br /> .. Oefautt,L,ander may,e'rther in person or by eger�t,witP�or without bring3ng any action or proceeding,or by a reoeiver appointed by a '.t ..; ��-�.--
<br /> .- oourt and wi�riout regard to the adequacyr of its sQCUrity,enter upon and take po�ss�ion of the PropeRy.or a►►Y Part thereot,in its own .,;z..,�.;��r�►��
<br /> name er in the name o4 the Tmstee�and do any acts which it deems necassaiy ce desirabie to presenre the vatue,martcetabitity or •.u:�,,:r, �
<br /> rentabiliry ot the PropeRy,or any paA thereof or interest therein,or to increase t!�irn�me thareirom or protect the security hereof ar+d. .
<br /> sue tor or othenNfse collect tha renLS.issues and profits thereot,fnctuding those past ����7g=j';
<br /> with or without taidng possession of the Property. ,�,4.t �
<br /> . due and unpaid,by natitying tenar►ts to matse payrtsants to Lender.Lender may s�pty rerrts.issues and pmfRS,lsss oosb and eXpen6- ��,+�;;._
<br /> es a}operatlon and ooltecGon inciuding attome�s tees,tn any indebtedness s2curdd hareby,all in such order as Lender may.d� � -.� .e;�,,,_:
<br /> �r.;, �a
<br /> � mine.The entedng apon and taking possession ot tha Pmperry,tt►e coltection¢t�:.tch rents,issues and profits.and ihe�lilir�acn * ,.-_.,..
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<br /> thereof as ator+esaid shall not cure or waive any daTault or noUce cf defauk herar,�s3er or im►alidate arry aet dona in response W sacfi �` _ ...` :,T?�,=,,,'.
<br />� � detauR or pursuant�o such natice of deffiutt and,norivithstanding the oontinuar�ce in possession af ffie property or the ooilet�ion, ;`;;,;:`�
<br /> � recei�t and appticatlon of rents,issues or proflts.Trustee and Lender shall be entitled to execa�svery dght prov(ded tor in any of the y �� �•^
<br /> Loan tnstruments or by law u�on oocurrence of any Event of Daiault,including without Itmtmtirn'�e right W exerdse the pawer o1 sale- - •e;•- _
<br /> FuAher,Lenders dghLs and remedies undor thts paragraph shatl be cumutaUve vriih,and in no way a timitatfion on,Landers rights and "'"���- �,�•
<br /> • remedies under any esslgnment ai leases and rents recorded against the Propzrtlr.lender,Trustee and the receiver shall be liabte to , t ,;.�.�..��� :;,i.-
<br /> acoount onry for those rents actual{y received.
<br /> � � 11.Evenb o!Qefautt Tha foltowing shall consMute an Evant of Detault ucr.tarthfs Deed of Trust '•�a;��i,.•��`° -
<br /> � - (a)Faiture to pay any insta�lment ot principal or interest of any other sum secured horeby when due; �' ����
<br /> � (b)A breach of or defa�ett under any provfsion contained in the Note,ihis Deed of Trust,any of fhe Laan instrume�`�,or any �' �
<br /> . g*�_ ._T�
<br />• �' other Ilen orencumbrar►ce upor+Yhs Proporty: —�
<br /> � (c)A writ of execution or attachment or any sim(lar process shall�c-stered agalnst Trustor whfch sha11 become a Uen on
<br /> � the Ptope►ty or any porUon thereof or inierest therein: " � '�'�-�
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<br /> , (�There shall be filed by or ageinst Trustor or Bonower an ac8on ander any present or tuture federal.slate or other statute. ,
<br /> � law or regulaUon retaUng to bankrupicyr,insoivency or oth.9r reliet for debtors;or there shail be appoiMed any trustee,receiver or _ >�-
<br /> , . tiauidator of Trustor or Borrovrer or o?ell or any part of the Property,or the rents,issues or proflts thereof,ot Trustor or Borrower ,;i•-T;;'
<br /> • shaff make arry generral assignment for tho banefit of creditor� � '°'
<br /> (e)The sale,uanster,lease,essignmenf,wmeyance or turther er�^��ambrance of ell or any pa�a4 or any interest fn the '�'' °•-��-.
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<br /> Properiy.either votuntarity or invotuntarity,without the express written consent o}Lender,provlded tf�s Tnistor shati be permit _ _ _____ �_,
<br /> ted to execute a lease af the Property that doas not oontaln an oyUen to purchase and the term of which doas not exceed one '_�-_.=-.
<br /> . year, . .
<br /> . (�Abandonment oi the Property;or '� y
<br /> � (g)If Trustor is not an individual,x1►e issuance,sa1e,Vansfer,assignment,conveyanoe or encumbrance ot more than(�s ��° ,-�!!�'-
<br /> � corpora�on)a totel o! percen4 of ita issued artd outstanding stock,or(it a partne�shi�)�to810! per- � �`•" �' ' :• ..,
<br /> �-��. . �-,,.,a�t;.:�,.,�:..
<br /> .. cent of paRnershfp interests,or pf a Omited Uability company)a totai a'r percent af�itd iunited Usbii'dy comp� : �'•. .. ��
<br /> � �intor+ests or voUng rights dudng the period this Qaed of Tccast remains a Uen on t he prope r t y. �"'�
<br /> ,'�,�'�+
<br /> t�.Rsrrwdles;Acceteration�on Defa�tit In the event o9 any Event ot Detautt Lender may.wi�aut�:e�ce exocge�n.'Guited ' :`.;.�,��,;�
<br /> • , by law,dsolare all indebtedr�ess secu�s hereby to be due and payeble and the eame sha8 thereupon beoarre due and Rayabie wfth- ���
<br />. . • out any presentmen�demand,protest or noUce dt any k�nd.Therea4ter Lender r►a�y: �;; �:
<br />• (a)Demand that Trustee exercise the POWER OF SAI.E granted her�eln,and Trustee shaSl the�sitar cause TrustePa inter- ��;�:
<br /> . � est in the Property to be sofd end tho prooeeda to be disMbuted.all in the manner provlded in tha l��traske T�ust Oeeds Ac� ��.;�� ' ` °�(�,_;�-
<br /> (b) Exerclse any and a.1�t�►is provided for in any o!the Loan Instruments or by�aw upon ocartence of any Event of _ _L�z�i • � .
<br /> �fauik and ::�'�:t�:,���•=
<br /> . (o)Commence an aCtion�:.farec lose t h ls D e e d o t 7��a s a m o R g a g e,a p p o i n t a r e c eiver,or s pecificall y entor�e an y o}the . ,�..:. _
<br /> cavenanLs hc:roof. + ��_:� � —
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<br /> No reme�yr herein bn=�errad upon or reserved to T�r,s32ee or Lender is intended ta be exclusive o1 any othas r,:r.�edy herein,in the Loan ry:,,;t;� y , ..
<br /> � Ins7umot�ts or by��p��ded or permitted,but v�:h shaL Ce c�mulaUve,sPoall ba in addiUon to every ofi�r•���emedy gh►en hereunder. , � _, �,
<br />� ' in the loan InsWments or now or hereafter ex{sdng at law or ira o�uity or by statute,and may be exerGsed r.�r.currerrtJy,independentry . :
<br /> � or succesively. • ��
<br /> � 13.Trustse.The Trustee may resign at any Ume vdthout csuse,and Lender may at arnv time and+eilhout cause appoint a suo- . _._
<br /> cessor or substitute Trustee.Trustee shaU not be Babte to any paRy,inctuding without Itmitatlor+I.ender,Eormwer,Trustor or any pur- • , ... �-�
<br /> � chaser o!the PropeAy,for any loss or damage unless due to recWess or wilBul misconduct,and sha11 not�e�quired to take arry ectlon , :
<br /> • In oonnectlon wtth the orsforcement o}this Oeed of Trust unless indemnifled,in wdting,tor all cosis,compensaUon or e�ensea whtch . _ �
<br /> � may be assoclated therewith.In addiUon,Trustee may become a purchaser at any sala of the Property dudicial or under the power of :
<br /> � saJe granted herein);postpone ths sals o!all or any portlon of the Proparty,as provided by law:or sell ffie Proµerty as a whote,or in �.'�:
<br /> � separate parcels or lota at Trustee's dtscreUon. � • . � . f
<br /> 14.Fees and F�cpar►sea.In the event Trustee sells the PropeRy by exerciso o!powar of sate,Tnistee shap be entitl9d to appty . ,.
<br /> . ar�y sale procaeds first to p�yment oi all costs and expsnses of exerclsing�vicer of sale,including all Trustee's fees,and Lenders arsd . �
<br /> Tnistee's attomeyls toes, actualty incurred to extent pennitted by apptic�7ai��a:v In the event Borrower or Trustor exercises arry dght :
<br /> provided by law to cure an Even4 of Detautt,Lender shalt be enti�od to recover from Trustor all costs and expenses actualJy incuRed as , , ;�'
<br /> ' � a resutt of Trustofs detauit,inctuding without IimitaUon att Trustae's arcd attomeys tees,to the extent pertr�i:ted by applicabte law. _ . . ___
<br /> _-__ 15 Futuro Advance�.U�on request of Borrower,Lender may,at iffi opUon,make addiUonal and future advances and read- _ _ __ _ __ ��`
<br /> vances to Borrower.Such advances and readvances,with interest thereon,shalt ba secured by th�s Deed of Trust Ht no�me si�aii t;�e �
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