|
Y a .,".�� , i: ... ''� _ . . 4 �.- -� . .:. '4-'' _ _ `{--i �'L-�'
<br /> . . . . ' .... . . . Ci T.
<br /> �- ..�3� _
<br /> .— ' ' � __
<br /> ��. _�_ "_ _'_ ' _ _ _ "__' _ __ _ — .— . ___ _ — _..— _. .___ _
<br /> . .
<br /> � � _ ' . .- :r, e ).� � �L . �. ' .
<br /> . . t - -�.. .��, . .
<br /> �5�� . . � . _ , �. L�` . .
<br /> C. �i ,.= "1`��' '-�.
<br />' _ ._ .� � . '` � � ... . , � ' .ti�'< _ .._�..� _-' - 'C
<br />� . ' h '`' ..� - ..�.�v r..... "`S^ _�_...a. ---` �`.` . -
<br /> . S� - - . � '.�t`�`��
<br /> '�% L..
<br /> �
<br /> � . � ` `��-:� .:�' .
<br /> - : •- :r:��- '- -�i..
<br /> ° • 'prpceeds'j in oonnecdon wiW oondemnaUon or other ffik(ng of the PropeRy or part thereaf.or for conveYance in fieu oi aondemnation. ;.. , .��'� :
<br /> . . ,E� : �_ �,.
<br /> '=.,.�` ` . Leader shall be entiHed at iLa optlon to�mmenoe.aDPear in and pmseatte in fis own name any action or proceedtngs,and s�ail also .. {,_'< ,
<br /> ba e�ttea L�make an}t�p��e or sstttement in oonnection with sueh taking or damage.in the� u�p�o�s°i���g
<br /> � � ` � so taken or damaged.Len6ar shaii have the option in its sote and absolute discrenon,to aPDN "; a,
<br /> r tt :
<br /> ... n an indebtedness secured hereby and in such �`,•� �'.
<br /> � therefrom a1)costs and expenses incurred by it in connection with such Proceeds.upo Y on such mn- • . ,
<br /> o r d e r a s L e n d e r m a y d e t s r m ine,or to appty a11 surfi Prooeeds,after such dedudions,tn the restoratiort of the PropertY up ,
<br /> , . diUans as Lender may detem�ine.My appQca�on ai Proceeda to inde b t e d n e s s�tun'd�s s�be�Patd to T�ntustor. �e d a t e oi an y pay-� �.'� �` .
<br /> � me�rts und$r the tVote,or cure any default thereunder or hereimder.My unaAP cooeeding � � .'
<br /> ' 8.Performance by Lender.Upon the aoaurenoe ot an Evertt of Detautt hereunder,or if any act is taken or legal p ,. '<i'.: � .'
<br /> . cpmmenced wfiidi materiaity affects Lender's interest in the Property.Lender may in its own dis�xetion,but+r+ithoul oDligation W do so. •. _`(:
<br /> 4._,;:-�:. and wiU�out notioe to or demand upan Trustor and withaut reteasing Tiustor from�y�V hsreof TytustaWSh�I�T�a�ty�p°a �
<br />` � � ' ..=��..� but failed to do and may a1so do any other act it deems necessarf►tn Drot� d^�b ��er in connection with the exer-p _ • �
<br /> .. --� demend tY.erefor by Lentlar.PaY tn Lender all oosts end expenses int�rred and sams expe Y s------
<br /> C .,
<br /> cise by Lender of the foregofng dgMs,together wiM intsres!theieon at the detault rate provided in the Note.which shatl be added tu� �..,. F::._,
<br /> � ;T, ;:
<br /> ` � '' the indebtedness secured hereby.Lender shali not incur any liabitity because oi anything it may do or omit to do hereunder. ,
<br /> ' 9.Harardous Maferiats.Ttustor&fiall keep the PraPeth►in wn'iAiiance with sU apPiicable laws.ord'mances and regutations�i3 . .`��: .
<br /> , �elaUng to industrial hygiene or ernironment�l protection(ooilecSvety referred to herein as'Environmenffi�Laws�.Trustnr shatl keep . .�t,•^.,;
<br /> _ : the PropeRy free from a11 substances deamed tu be hazarrlous or toxic under any Environmental Laws(coitectively referted to herein . :`.`,.,:`y^�4[
<br /> • as�Hazardous Materlals�.Trustor hereby warrants and represenis W Lender fttat there are no Har��oa e[Ulate�a�,�o�nd any suxes- � =-��'=:`�'
<br /> Pruperty.Trustor hereby agnees W indemnifjl and hold harmiess Lender,its dicectors.officers.emP�OY a .::�;-:�
<br /> t.,. `� •
<br /> sots tn Lortdefs intarest,from and against any and aQ dalms�damages.losses and Gab�'ities arising in connecdon with the presence. . ' . • "},:.':--=
<br /> use,disposal or transpod of any Hazallous MaUerials on.under,from or about t he P r ope rt y THE FQREf30ING WARRANnES AND �. �,: .,• , .:._ =.,�.
<br /> REPRESENTATIONS,AND TRUSTOR'S �BLIGATIONS PURSUANT TO THE FOREGOiNG INDEMNITY. SHALL SURVIVE _ ' �'�..u..�,
<br /> . : RECONVEYM[CE OF TliIS OEBD OF TRUST. , '- :�`' .--
<br /> " 10.AssignmeM of ReM�.Tn�stnr hereby assigns to Lender,and grants Lender a sewriry interest in•a��Presg�b t�ure and
<br /> � '� after adsirtg rents,issues and prafits ot the PropenY:P�°vided that Trustor shail,until the occurrence of an Event of Default,heceunQer. *-�--
<br /> � have the rfght to collect and retatn sucA renis,issues and Drof►ts as Ney become due and payable.Upon the oa.umence of an Event ot �_
<br /> . Qefault,Lender may.either in Person or by agent,with or without bdnging arry ac6on or proceeding,or by a receiver appointed by a �,..�.``_;=-.�
<br /> . .r���
<br /> court and wtthout regard w the adequacy of its security.enter upon and take possession af ihe Properiy.or any paR thereof.in its own '^�� :.�3
<br /> � name or tn the name of the Trustee,and do any acis which it deems nPCessary or desirable to presenre the vatue.martcetabilily or v . ����—.
<br /> • � � �ntabi�ily at the property,or any paR thereof ar interest thecein,or to inaease the inoome therefrom or protect the security hereof and,
<br /> � � with or without taking possession of the Property.sue for or otheTwise coifect the rents,issuas and prafits theneoi,indu�ing those past �s:. r��.s%�"."�;
<br /> ;.. , ,.'`'f due and unpaid.by notifying tenants to make payments to Lender.Lender may apply rents.issues and proftts,less oosts and expens^ �. � ` x, �}='
<br /> , , es of opera8an artd ooltecUon induding attomeYs tees.to arry indebtedness secuted hereby.all in such order as Leader may deter- ._�'_.
<br /> � � �� ` mine.The eMedng upon and taking possession of the PropeRy,the wllecUQR of such cents,issues and profits.and tt►e aDA�ica�on , -�
<br /> : t�: � thereof as aforesait W sluch notice of defauft ndenotwiq�standing he�conUnuance in pioss iessl n of tl�e property o�r tl�e coltedlo�n,� •- , .
<br /> defauit or pursuan '-.;�; :
<br />._ _" receipt and application oi rents,issues or profits.TNStee and Lender shall be enUUed to exeroise every right pmvtded fir in any oi the
<br /> �� loan Insbvnsents or by law upon occurrence of any Event ot Defauit,inctuding withoui limitation the dght to exerase 1he power of sale. °•���
<br /> • Further.Lenders rights and remedies under this paragraph shall be cumulaUva wlth,and in no way a limitation on.Lenders rights and �.' : :;� v�
<br /> . � remedies under any assignmen!of leases and rents recorded against the Property.lender,Trustee and the recefver shall be liabla to `_ . : . .;,�
<br /> account only€ar those rents acWafly received. vent of Oefault under thts Deed ot T� � •:�;��
<br /> ' � 11.Eve�ts ot Oefautt The fotiowing shail cons�tute an E _, `.���
<br /> _� --. � �- -� _ (a)Eailure to pay any instailment of prindpal or interesE or any other sum secured hereby when due; _ i__ w
<br /> ,• (b)A breach of or Oefauit under any praviston contained in the Note,this Desd at Trust,any of the Loan InsUuments.or any : ,`. fi���_
<br /> � other lien or encumbrance upon the PropeRy; . , : =?'-`'�_ �
<br /> • • � (c)A writ of execution or attachment or eny stmilar process shail be entered against TNStor which sha0 become a lien on - T�
<br /> `' the Proparty or any�ortlon thereot or interest therein; •. ���
<br /> , (�There shall be filed by or against Trustor or BoROwer an action under any present or future fe�d�8 s��e rea er or ' `��
<br /> ' law or regulation relaUng to bankruptcy,insolvency or other reliel for debtors:or there shall be appo Y , ;`,�.
<br /> • Uquidator oi Trustor or Borrower or of all ot any part of fha PropeRy.or fhe rents,issues or profits thereot,as Trustor or Borrower y�;
<br /> �� shall make any general assignment tor the benefit oi creditors: � �"�_�=
<br />
|