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<br />- ° .. ce in I�eu of condemn3tion. ;. <.: �• }..
<br /> - ` � ot the Property or pait thereoi,or for conveyan in �d��i aiso � , =
<br /> � ` ` 'Pcoceeds�in wnnedIan�idh oondemnaUon or other takinigrs an�pmsea�te tn its ovrn name arry acdon or prooeed� 9S• . • ,
<br /> ta ortion of die ProPeKY� ' `
<br /> . � �,r . ,
<br /> Len der s h a l i b e e r►ti U e d a t i t s o p U o n to oommence.appe i all such Prooeeds� a��u d i n g -<".��� . � s. /``
<br /> _-• , � �e�tleQ to make any wmprosnlse or setttement in oonneation wi t h su c h t�c i n S a r d a m a g e.I n t he event anY 0 .
<br /> �` - so taken ar damage�.�nder shs11 have the opttan in its scte and absalute discxetl°n.to aDP Y u on such oon- `
<br /> , � °,�' 1 costs and exPenses incurred tiy it in eonnadion witb sueh��.�°^�a����n af the Properiy �y and in such .
<br /> trierefrom ai 1 ail sad�Proceeds.after su one the due date of any P Y- n ,, `�•��
<br /> .�`�• ` order as Lender may datertnine.or to apP Y���on of Peoceeds to indebtedness�s��n�shati be pa d to Trustor. ` ` .,• `.
<br /> . ` ditions as Lender may d�ierm(ne-My aPP roceeding� . `� '�. ti ,
<br /> , ` - '� - ��s wdet the Note.or�aire any defaWt thereunder or hereunder.My unapP "_,�.� �. , ,
<br /> �a ce of ar►Event of Defauit hereunder,or if any ad is taken or legal P
<br /> ' Lender.Upon the oGCUrten in its own disaetioo.but�vithout obGgation to do so.� :..�4'� :
<br /> • 8.Pertonmanae H!► Lender may ad which 7nistor has ag�eed _ ,• _�• .� ..
<br /> �'_�.----� commenced whi t�m a t e ri a l l y a ff e c t s Lenders iMerest tn the P�pertY. o b l i ti on.do an y .,
<br /> �` "�r"'�`' and wtthout notice to or demand upon 7n�stor and erithout releastng T;nistorot�ect�tl�e security hereof. 7rustor sha11.immediatety upon �: •r`_ , � .,•;
<br /> , �. � = o t h e r a d i t d e e m s ne�s s�r p
<br /> _ ;_��_•_•�:� put failed to do and may also da any ����a�sums exQen d e d by L e n d e r i n c o n n e c t ih I 6e added to � - -
<br /> . ` demand therefor by L en der.p a y t o i B n d e r a f!c a s t s and exAe �v i d e d i n M e Note.+M►'sch ,
<br /> '. ' �e�yy�nd�r af the tocegoing rights.toSether w�11H inte���ere°n at the de f au i t ra t e Pt�y do or amit to do hereunder.
<br /> , `. � � Lender shail not inau any liab(lity because of anyth' S licable laws.ordinances and regu[ations � . ; �
<br /> . � .. �:�:`.`,• the indebtedness secured hereby- tlte PropeRy in compiiance wiih all app T�r shall keeP �' • '.:. . `
<br /> 9.Hagardaus Materials.Tntstnr shal!keep referred to herein as'Environmer�tat Laws'I• r ..,,: .,..�•� ,�-
<br /> ta
<br /> . refened tn herein ,�: , .,
<br /> � � - re►a�ng to industriat hygiene or environmenta�prote�ian(�°uecHvery ' . -_ --
<br /> '. � � the ProPecH free irom all su0stancas deemed to ba ha�ardous entst�ocLender U�at there are o'�rdo�iisltectiv�is on or under the - ;. -�_
<br /> sta �' :- �
<br /> , as-{ia�a r dous M a t e d a l s�.T r u s t o r h e r e b y warrar�Ss and repres '�,r'-�., .�
<br /> �.<•��� � pro eriy.7nis0or heceby agrees W indemnify artd hold harMess Len der.i t s d i r e d o r s.a f f i c e c s�e m p to yeesmnnedion witl►the p[ese��. �.- - ,_._
<br /> p mst any ansf ail daims.damages.lasses and fiaioil'�ties arisin9 :;,:,�--
<br /> �ti
<br /> � `'ti so�s w Lendefs interest.from ar►d aga THE FOREGOI�IG WARRANTIES AND
<br /> ���y H�daus Materiats on.undar,from or a6out tt►e ProPertY• �:';,.��`-
<br /> ` . `,�:;,., use.disPosat or tra[�sP� - ---
<br />- . - •-� NTAT[ONS,AND TRUSTOR'S OBIIGATIONS PURSUMI'f TO THE FOREGOING INDEMNITY,SHALL SURV�a
<br /> .r REPRESE in���.all presen�fuWre .
<br />� . . '� RECpM/EYANCE OF TH{S DEFD OF 7RUST. ��nder a secwitY
<br /> � 10.Ass�Bnmeo�t of Rents.Tn�r herebY assigns t°�ender,and gra
<br /> .. rents.tssues and prot�s of the PropeRyl:ProvfQed that Tn�stor shaU,u�il the o�"upon�°8 xurrence of an Event ot '''.;4 ._
<br /> ; . � ��°,` `� after ajEsin9 in or by a recenrer apPointe0 by a _ :"�'
<br /> ` I have ths rtgflt W colted anA retain sacb�ents.issues and protits as they Dec�m action o�r proceed 9.
<br />� '`� either in e�son or b agent,with or witfiout bringing nll �on ot the PropeKY.or any paR thereof,in its aw+� � ' ;::`�"�
<br /> � - '� 4efau�,l.ender maY. P y
<br /> `" =`� oourt and wiihout�eclard to the adequaaN ot its secudry�enter upon and take P�S�desitabte Lo Preserve the valua.marketa6iliiy or r��.;�v,'�� .
<br />�-- `: ' ads uuriich it cfeems n�5► hereot and. • :�..,�
<br /> name or in the name of the Trustee•and do any _
<br /> rt thereof or interest tf�erein.or W increase the inceme thereftom er protect the seaultf/ .• ..-_
<br /> � t `
<br /> . -'•;.; ce�biiiry of the Pmperyl.or any pa sue for or otherwise coitect the cents,issues and profits the�eof.indudir�a d expeas- s�J �,`°_
<br /> . • • '-.`, with or wiShout taking possesston of the PropeRS►. renb�issues and profits.�ess o� • .�.;•.�r,�_•_
<br /> - � � '��� no n tenaMs tc make PaYm�nts to Lender.Lender may aPP�Y deter- ,.`.��Ya
<br /> . ,:� : ;�;, dae and unpatd.by Mft� 9 a���g t��any indabtedness secured hereby,a�l in sud�order as��n�e a���on
<br /> - , es of operatlon and cottecEon induding -�'W`
<br /> ossession of the Properhl•the cottection of such rerds. issues and psofits. nse to such '��-�,
<br /> - ' •• • mine.The entedn9 upon and tak3ng p ro e or the coitection, ''. ` �'�_
<br /> `��., � .. thereot as afaresald shalt not cure or waive an nd�e O�i��na�g me�nhn�n�in p�,s�ession°f� ht orovided far in any ot the ����
<br /> � " � L•��t defauft or pu�suant W such ncU�e af defautt a " •'��`'-�
<br /> �•.� .,,_ ower of sale. • .t`_,��'
<br /> � reoaipt and applic�tion of rents.issues or profits.T�nt of Default,induding wit�wut ImitaH°^�a�9 t to exerdse the p �and •
<br /> � Loan Inshuments or by law upon occurrence of arry �°—�:
<br /> �urther�Lenders dghis and remedies under this paragraph shall be cumulative with,�Qe T�e�d�e��ef sha begiable to
<br /> ��T�:�F�'�--
<br />- remedies under any assignment of teases and renLs recorded against the ProAertY• _
<br /> ' � '•",. acwunt onty fot those c�eats aduaNy recetved. -' � ��
<br /> 11.Events of Defauit The tollowing shall constltute an Event of Defautt under this Deed of Trust r i�
<br /> , �- - -�-•. � (a)Failute to DaY any Instaliment of pdncipal or interest or any other sum secureA hereby whe�f��an tnstruments.or any �� ., ,�, �,�..-
<br /> � •� (b)A breact�oi or default under any pmvision wntained�n the Note���$��d of Trtisi,any �,..���y.-
<br /> • � • ' other lien or encumbra�ce upon the PropeRy: '� �•_ -
<br /> ,• ��
<br /> . ? •.�� ���q writ ot execution or attachment or any simiiar pracess shail ba entered agalnst Trustor w►►lct�shatl become a lien on �s-
<br /> ' � � the praperty or any porUon thereof or tntecesttherein; , "�'��°�-
<br /> � . � (d)There sha11 be filed by or against Tn�stor or 6oROwer an adion under any present or tuture o d ed Ia�s'►y w�e ��ar�Or . _---
<br /> � � taw or regutatlon relatlng to bankruptay�insolven�Y or other reUaf fir debtors�ar lhere shall be app ;�� --
<br /> "' � li uidator of Trustor or BoROwar or ot all or any paR of U►e ProDertY�or the rents.issues or profits thereoi,or TnuWr or Borro�ver ���
<br /> � � .�s�`� sha11 matu3 any general asstgnment for the benefit of creditors:
<br /> • , :��� 9 T�sa saie,trans4er,lease.assignment,oonveyance or further encumbrance oi eit or any paR ot or any interest in the ,, �.:�:.-
<br /> • . �,'� p���,either volunta�ly or fivoluntarih►.without the express o on o puerchase and the eVrtneot wtdcb do�f not„euceed one •.; ,,.:
<br /> • tedto execute a lease oi the ProDertY that does not contal P :,.,�_,
<br /> . � . year, . . .�. :.;�
<br /> , � , ' ' (fl Abandonment of the P�operty:or
<br /> . . (9)I!Trustor Is nat an indivldual,the issuance,eateea trad oe��nding stock�or(ii en paMers D)a totel oi more than�a
<br /> :. � • _ , ������a���ot percent oi lts lssu a total oi peroent oi the timited fiability compa-
<br /> ,� cent o! partnership interests.or(if a timtted tiabitlty company) , .
<br /> ny interests or voUng rights dudng the pedod thts�eed of Trust rematns a lien on the property
<br /> and a abte anQ the same shalt thereupon beccme due and payable wiUr
<br /> : . ; 12,Remedies;Aceeteratlon Upon Defaulf.b due ventp fY ny Event oi Defautt Lender may,wlthout notice exceDt as re�,i:.red
<br /> � by law.dec�are all lndebtedness secured hereby w
<br /> �tad hereln,and Tnutee shatl thereafter cause Trustars lnter-
<br /> ' ' ' � out any presentment demand,protest or naUce of any klnd.Thereafter Lender may:
<br /> (a)Demand that Tnistee exerctse the POWER OF SALE gra. •
<br /> • est ln the PrapeRy to be sold an0 the proceedfor in anis oi the L an tnsWments o by aw upon accurrence o1 any E ecnt ot
<br /> " ' (b)Exerclse any and all dghts provtde0 Y ,
<br /> • • Detault;and e a Int a receiver,or specitica�h►eniorce any o1 the
<br /> • (c)Commence an action to toreclose t�ls Deed o1 Trust as a mortga9 . PDo
<br /> �;••�� � covenants hereot. �
<br /> No remedy hereln conterred upon or reserved to T�ghat!be cumulative,shall been addIUon W every other emEdy 9tvenihereunder.
<br /> � InsWments or by lav�provided or permitted,but ea . �• �
<br /> ' .' � in the Loan tnstruments or now or hereafter exisUng at law or tn equity or by statute,and may be exercised�"o�se appoint a su� ,-
<br /> � or succesivety. � ' .
<br /> 13.Truatoe.The Trustee may resign et any time without cause,a n d L e n d e r m a y a t a n y t i m e a n w
<br /> . �. � cessor or subp ft�ute TNOf any osseor Qamage unl'ess�due onrecpktessior�wd�Nu91 mtsco dact and sha 1 neot be equVed o fake any acpUon .
<br /> I chaser of the p �5► udiciat or under the pawer of
<br /> . in connecNon with the enforcement oi thls Oeed of Tnrst un�e e a d�t�c,h�ser�at any sate oi the Pr D��ensation or e 9� e�r n .
<br /> ' may ba associated therewith.In addiUon.Trustee may beconn p
<br /> . . � sate g►ar►ted he�ein);postpone the sate ot all or any poRlon of the PropeRy.es provided by law,or sell the Property as
<br /> separate parcels or lots at Trustee s discreUon. b exercise ot power ot sa�e,Trustee shall be entitted to ePP►Y
<br /> 14.Feea and Exponses•�n t�e event Trustea selts the Property Y�er of sate.inc�uding all Trustee's fees,and Lender's and
<br />--� . � � eny sate proceeds flrst to payment o1 ati costs and expenses ot exerclstng p
<br /> � Trustee's attomey's tees. actualty incurced W extent permitted by applicable taw.tn the event Borrower or Trustor exercises any right
<br /> • � Ucabte law. .
<br /> •, - provided by taw to cure an Event ot Delautt,i m�UOn e11 Truste��e s and att mey's tees,to�the extent perm'��tted be adpwanoes and read- �
<br /> • � a result of TrustoPs detault,inotuding vrithout
<br /> �5 Future Advantes•Upon request ot Borrower.Lender may.at Its option,make additiona a
<br /> . vances to Borcovrer.Such aQvances an�rea�iver�ces,wllh k:lerQSt H+ereon.shaU be secured by thls Oeed o1 TrusL At no dme shall the -
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