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<br /> ;._ •Procaeds'�In conn�tion with�ndemnation or other tafdng of the Property or part Urereaf,or for conveyance in iieu o9 condamnaL�on. __ _
<br /> Lender shatl ba entit'ed at its op�on to commence,appear in and prosacute in its o:vn rtFUne any action or proos3dings,end shail also . --��—'
<br /> ba eniiUed to malce any compromise or setriamen2 in connection with such taking or da�mage_In the evsnt any portion ai the PropeAyr is • Q �'�``. `
<br /> . so taken or damaged.Lendar shall have th�opUon in its sole and absolute discretion,to appiy all s�tch picoesds, a�tef deri�tctinfl � �
<br /> � theretrom ali costs and expenses ir�curred by it in oonnec6on vrith such Procsed�s,upon any inda�tedness�ecured hsreby and in such � • , . _
<br /> ;, , order as Lender may da2ermine,or to apply ali such Pro�ads.after such de�Juations,to the restaradon of the Property upon such ca�t- ,' � � .� —
<br /> � ditions as Lender rr�ay determine.Any appGcaUon of Proceeds to indaDtedness shall not entend or pa�ipone the due date of arsy pay- ;-
<br /> � mersts under ths Note,or cure arry defsult thereunder or hereunder.Any unapplied funds shatl be paid to Trustar. ' ' �' � . �
<br /> ' 8.Pertarmanco by Lender.Upon the acwrrence of an Event of Defautt hereunder,or if any act is taken or legal prooeeding , , • . •
<br /> commenced vrhich materially aN�cts Lender's interest in the PropeRy,O.ender may in iis oavn dscretion,bat wi4hout obligation to do so. , •
<br /> and without notice to or demand upon Trustor and a�thout releasing Trusior from any obligation,do any act wtuc;h Yrustor has agreed �� �, -
<br /> �. but failed ta do and may also do any other act it daems nececsary w protect the security hereof.TcusWr sfiall, imrRediatety upon ".". , '
<br /> . demand therefor by Lender,p�y to Lender eli costs and expenses incuRed and sums expendad by Lender in connection with tha exer- . '
<br />-�^- cise by Lender of tfie foregoing righb,together wi4h interesY Ulereon ai t7�e default rate prouided in the Nois,r�fi'sch shall be added t� --;— - -----
<br /> the indebiedness secured hereby.Lender�all noi incur any liability because of anything it may do or omit to do hereunder. • ;,�___
<br /> � 9.Haaerdou�Alatariafa Tnistor a'�11 kesp the Prope+ty in�mplianca with all applicabte la1rs,ordinanoes and reguisUons . . _
<br /> � . retating to inrlustrial hygiene or environmental proiection(oollectivety referred to herein as'Environmentat Laws').Trustor shall keep �.`. - . -- --.:-
<br /> ' ihe Properry iree trom a11 substances deemed to be hazardaus or to�ac u�der any Envfronmental Lav�s(oollQt�vety referred �o herein _ _ __._
<br />• • . as`Hazardous 1Aateriats�.Trustor hereby warrants an�rapresents to Lender that tliere are no Hazardous Matertals un or under th� -
<br /> , � PropaRy.Trustor hereby agrees to indemnify and holJ harmtess Lender,its direCtors,offtcers,employees ar�d agents,and any Suooes- ..';�� ,.`�''�� ` �
<br /> sors to Lender's intereSK,from and against any and all daims,damages,losses and tiabitities arising in connection wl4h the presenoe, . " :'�:1�__��� '
<br /> use,d�sposal or transport of any Hazardous Materiats an,under,from ar about th6 Property.THE FOREGOlNG WAAfiANTIES AND . ."''�;. �. ; -
<br />' REPRESENTATIONS.ANO TRUSTOR'S OBLIGATIOl�lS RURSUpNT TO THE FOREGOIIdG INDEMNITY, fiHALL SURVIVE • � <_
<br /> � RECONVEYM[CE OF Tk[IS dEED OF TRUST. - "" .'�� ��
<br /> .. 10.Asalgnmeats af[�ants.Trustor hereby assigrss w Lender,and gran4s�3r a security interest in.aU present,tuture and . .���,
<br /> _ after afising rents,issues and profits oi the Property;provided thai Trustor shall.umi7�e occurrence of an Event of Dafauit,hereunder, � �=�`•-
<br /> have the�ighi to coAect and retain such rents,issuas and profits as tt�cy become due and payable.Upon the occurtence of an Event o} , ��3ry=
<br /> Qeisu�,Ler��may,e'rther in person or by agsnt,with or without brnging any actlon ar proceeding,or by a reoeiver appointed by a , _ -=
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<br /> � ° court and without regard to the adequacy of its security,enter upon and take possession of the Proparty,or any paft theraof,in its own • .•�.. -
<br /> ._: reame or in the name of tt;a Trustee,and do any acts which it deems rtecessary or desirable to preserve the value,markotability or . :_ ___�;v=:�;�,�^
<br /> � rentability of the Properiy,or eny part thereof or inisrESi t�erein,or to increase the income theretrom or protect the security hereof and, „�.,, '�,
<br /> with or without taktng possession of the Property,sue br or otherwise coliect the renis,issues and profits thareof,(ncluding tho�e past _:;�����—
<br /> � '���� due artd unpaid,by notifying tenants to mzke payments to Lender.Lender may appSy rents,issues and profits,tess cosffi and e�ens- . �.-��
<br /> • es of operation and ooltection indudin attoms s tees,to an indebtedness secured hereb ,all in such order as l.ender ma deter- ' ' ���'.�
<br /> 9 1� Y Y Y �;.�.,;� f'.,...;,:•,. ,
<br /> mtne.Tha eMedng upon and taidng possesston of the Property,tha co11ec6on of such rems,Issues and profits.and the appiicatlon - � •:-
<br /> � . thereof as atorasatd shall not cura or watve any detauit or notice of default hereunder or invalidate any act done in responsa to sach �`.':"�. •: •�;s�•�`:
<br />� • dafauit or pursuant to such noUce of defauii and, nori+rlthstanding the continuance in possassion o}the propeRy or i�a ootlection, � "'T��'�"���=
<br /> receipt and applica�on of rents,issues or pmfits,Trustee and Lender shall ba entsaed to exercise every rfght provided for in a�r o}the ,.`� i�.::�� ;
<br /> Loan lnstr�,�u�nts or by taw upon occurrence of any Event of Defaul3,�iLding�++�ithout timitetion the right to exeroise the pax�'�-�!sals. :;ib' ' •``' „
<br /> Furthar,Lemrb�s dghts and remedies urt�d.r th(s{taragraph shall be�.crr+ulaHve wifh,and in no way a IimitaUon on,Lender's:�.`its and �'�����'
<br /> . .s . ',tI , .
<br /> � remedies under any aESlgnment oi Isas2s and rents reoorded against the PropeRy.Lender,Trustee and the rec�iver shaS1 be liable to
<br /> axount only for those rents actualty recaiv2Q � -.��I Y,,-•`�`
<br /> ' 11.Eve�ta ot Default Yt►a tolbK�ng shali constitut�an Event of Default under this Deed of Trust � . `� '"
<br /> "-i.�::�.�i�;:
<br />- � (a)F�iture to pay any instalG�rrt of prinGpai or interest of arry other sum secur�ed hereby when due; � ;�,�s.�•�'se`:;.`�'°
<br /> �• - (b)A breach of or detauli use�ar any provislon comained in the Note,thls Deed of Tnist,any of ihe Loan ir�struments.or siry +
<br /> • � other Uen or encumbrance upon�e Proporty; ��-` �
<br /> , - (c)A writ of execution or attachment or any similar process shalt be entered against Trustor which shali become a tien on � ;�;_
<br /> ' the Properly or any por�on thereof or interest tt�erein; _ �
<br /> � (dj There sha(I be filsd by or against Trustor or Borrower an acUon undsr any present or future tederal,state or other statute, - >.r'�,�.,�_
<br /> : law or regutaUon relaiing 4o banFwptcy,insotvancy or other reilei for debiors;or there shall be appolnied any trustae,r2aziver or '.
<br /> . ;:i iiqu.i��r of Tnistor or Borrower or ot all or any paR of the Property,or the ren4s,issues or profits fhereot,or Trustor or 6arrower '�y '�
<br /> � _ sha:make any general assignm2:at ior the benefit of creditors: •°�"�?
<br /> (e)The sate,transter,fease,assignmertt,conveyance or further encumbranoe of ail or any paR af er any Interest tn the '-�= �
<br /> � • 4'ropeRy,eRher voiuntarily ar irnotunsari�y.�a.W'a�ut the e�ress written consent of Lender,provided LhaF T�c�sior shall be permit- ��`T�
<br /> � tad�execute a lease of the P�y�rty tts-y.efa�es not contaln an opUon to purcfi�ase and the tertn ot wtWrJ.t�aes not exceed one .. --_
<br />,,;%�` Ye (f�Abandonment o}the Propa��;or ��-
<br />.' (g)If TrusWr is not an indivi�ual,the issuance,sale,transfer,assignment,convsyance or encumbranoe o4 more than(if a ��'="-"�
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<br /> '� �. oorpora�on)a tatai of q,7 n percent of its issued and outstanding atock,or(it a pamie�ship)a total of per- __-'
<br />� � oent of partr►ership interest9,or(it a limited tlability company)a total of per�cent of the limrted Ilabiliry compa- ��-
<br /> S i�::���;.,.
<br /> • � ny'v.�ra��ests or voting dghb durB�the padod this Deed o}Tnist remains a Ben an the properiy.
<br /> 12.�edies;Acco4era4ton��Qetault In Ute event ot 2c�}p EveM o!Default Lender may,withoui notice excepi 2s eoqulred . .a : K�.:�.�'"
<br /> by law,dee�;_�a atl indebtedness sea:��hereby to be due and paycs�r�and the same shall thereupon become due and p�;�.Jre vrittr � :;.�,.�,:_.,�:-
<br />� out any presenbnent,demand,protes2 or notioe o}any kind.Thereaft=r Lender may: , ` :"`--'*� •
<br /> • (a)Demand that Trustee exercise the POWER OF SALE granted herein,and Trustee shail thereatt�r r„�vse Tnutors inter- ""•""' �
<br /> ;,�..�r�s��.�,
<br /> est in the Property to be sotd and the praceeds to be disUibuted,all in the manner provided in the Neb�Tnist Deeds Ac� �.�;
<br /> �� Exerciso any and all r�provided tor in any of ths Loan Instruments or by laai apon ox�„�:.ance ot any Event of ''��°�-'�"�.
<br /> Q=�'J:1�8lId ' In�n�•�,
<br /> , ��c)Commence an�ction t�9�reclose this Oeed of Tn,st us a mortgage,appolat a rece'r✓er,or speaficaliy enforca any of the _ � '�•'�''�.'���._;��.��.
<br /> cavenants hereaf. � "-
<br /> . � No remedy herein wnierr�d upon or reserved to Trustee or Lender Is intended to be exclusive o!any other rerr:edy herein,in Uae Loan .�'����,
<br /> . Instrumer,ts or by taw prav�ed or permitted,but each shall be cumulaUve,shall bo In addition to evsry other rert:edy given hereunder, � �-�.%� . • . .
<br /> . in U�o L�an Enstruments or now or herea°er existlng at law or In equfry or by siatufe,and may be exercised ooncumently,independerrtty .,��" .
<br />. or suxest�cc:ry. . �. `,�;.�'�: : �
<br /> � ' 13.4'ntstee.The Trustee may reslgn at any Ume without causo,and Lender may at any time and yrithout cause appci�a4 e su� . • •;�,:':' r •
<br />'`' cessor or substltute Trustee.Trustee shali not be Oabie to any paRy,inciuding without IimitaUon Londer,Bcmavrer,Trustor or any pur- •;�,�,•`�'�` ,' �
<br /> � chassr of the PropeRy,for eny loss or damage untess due to recktess or wiltfut mtscanduct,and shall not be required to take any action , . � .
<br /> � in connection witb the enforcement of this Oeed of Trust unless indsmniflad,in wriUng,for ali costs,comper,�.::•cn or e�enses which ; , �
<br /> . may be assoclated therewith.In addiUon,Trustee may become a pu�chaser at any sale o4 the PrepeRy�udieial or under the power of . .
<br /> saie granted herein);postpone ths sale ot all or any portion of the Properly,as provided by la;rr.�r se11 the Property as a vfiote,or i� • ��
<br /> separate parcets ar lots at Trustee's discreUon. `�� . • _�
<br /> � . 14.Fees and Expensos.in the event Trustee selis the Property by exe�ise of power of sate,Trustee shall be entiUed to appty • .
<br /> any sale pmceeds first to payment of all oosts and expenses of exerdsing power of sale,including ali Trustee's fees,and Lender's end •
<br /> Trustee's attomeys fees, actuaity incurred to extent permittad by applicabte faw.In the event Bonower or Trustor exercises arry right • �
<br /> provided by law to cure an Event of Detauit,Lender shall ba entitted to recover from Trustor atl costs and expenses actualJy incurted as '" � '' � .
<br /> a resuit of Trustor's default,Including without limita8on e!1 Trustea's and attomey's fees,to the extent permitted by appllcabte Iaw. ' . . ,�
<br /> ....• 15. Future Advartces.Upon request o!Barrowor,Lendar may,at its opUon,make addi4ional and tuture advances and read- � -
<br /> . vances to Borrower.Such advances and roadvances,wiih interest thereon,shall be secured by this Deed of Trust At no Ume shall the : � �
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