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<br /> � 1 At the option of Beaeficiary.all or any patt of the agr�d fees and chsrges, acccued interest and princip�T��t�ecome � 4 . .
<br /> _ � immediatcly�iue and payable,after�iving notice if required by law.upon the oocunence of a default or anyteme thereafter. �� •
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<br /> a Ia addiHon.Beneficiary sha1�be entifled to all ttte re,rr�dies provlded by law.the Evidettce of Debt.other evidences of debt, �, c
<br /> ,� ,. � this Deed of Tnut and aay related dacuments iaciuding without limitadon.the power to seU the Property.
<br /> � If there is a default,Ttustee shall.in addition to any other pennitted remedy.at the request of the Heaeficiary,advertise and '�. ` ' �
<br /> � sell the Property as a whole or in separate parcels at public auaion to the highest bidder for cash and convey absolute title ; � .'..�r• '
<br /> ' - -' frce and clear of all righ�tide and interest of Tn�stor at such time and place as Trustee designates.Tnucee s6aU give notice , _-. ° 4 �
<br /> , - �""`�� of sale including the time,terms aad place of sale and a descriptioa af the property to be sold as required by ttce agplicable ,- :— --- -
<br /> . , iaw in effect at the time of the proposed sale. � t. .�� -
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<br /> � � Upon sale of tiie pmperty and to the extent not proh�bited by Iaw.Tn�stee shall make anil deliver a deed to dte Property sold -. �, �. °
<br /> which conveys absotute title to ttce pmcbaser,aad after first paying all fces,charges�d wsts,shall pay to Beneficiary all �. : : ��"'-•�4
<br /> . , moneys advaaced for repairs, taxes, insur�ce, liens. assessments aad prior enct�mbiances and interest the�on, and the -
<br /> � � � principal and i�ecest oa the Secured Debt,PaYmB the surPlus,if any,w Tr�uwr.Beneficiaiy may punhase the Property. _. i .:'',��°��
<br /> - . , � `; 'Che recitals in any dced of conveyance shall be prnna facie evidence of the facts s�forth therein.
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<br /> ' • All remedies are distin�x, cumulative and nat exclnsive,and the Beneficiary is entitted m all remedies provided at law or �. . :' •���:'..`
<br /> �� ' • equity,whether expressly set forth or not. 'Ihe acxeptance by Beneficiary of any sum in payment or partial payment on the .. `'�`;:
<br /> • Seaued Debt after the balance is due or is accelerated or after foreclos�ue pmceedings are filed shall not constitute a waiver , ' �`:�_�
<br /> �,� of Beneficiary's right w require fu11 and compiete pim of any existing default.By not exercising any temedy on Trnstor's �•� . . ..
<br /> ��� default,Beneficiary does not waive Beueficiary's rigf►t to later wnsider the event a default if it continues or hagpens agaia. �. ;
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<br /> . _.�� 18.EJ�ENSES;ADVANCES ON COVENANCS; ATTORNEYS'FEES;COLLEt.'rION CO3T3.Except wflen prohibited -. :4."�"��
<br />� ` ` , •.;�� by law,Trnstor ag,rees w pay all of Beneficiary's expenses if Tnutor breach�s aay cavenant ia t6is Deed of Tmst.Tmswr __':'`'� : s.�—
<br /> �, ' � wili also pay on demand all of Beneficiary's expenses incurred in collecting,insuring,preserving or protecting ttte Property o
<br /> • � �� or in any inventories,audits,inspections or other eaamination by Beneficiarq in respect to tlfe PropertY.Trustor agrees to ----,- —
<br /> � , pay aIl costs aad expenses incurred by Benefici.ary in�foraing or protectiag Benefrciary's rights and remedies under this �.�=�
<br /> ; • ��.� Deed of Trust,including,but nat ImritQd to.attorneys'fees,court costs,and other legal expenses.Once the Secured De�t is �•.�R.�"�'�'�._��-
<br /> fuUy and finally paid,Beneficiary ag�+ees to release t�us Deed of Trust and TrQStor agtees w pay for any recardatifln costs.
<br /> All such amounts are due on demand and will bear interest from the time of the advance at the highest rate in effect,from •. :�"��
<br /> �, � time to time,as provided in the Evidence of Debt and as permiuued by law. . '>,-�°- ��
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<br />-"` .. 19.ENVIRONIV�NTAL LA�VS AND HAZARDOUS SUBSI'ANCES. As used in this searoa, (1) "Environmental Law" < �.' � ; `::�:
<br /> means,without limitation, the Comprehensive Fnvironmental Response, Compensation and Liability Act (CERCLA, 42 ' . 'i;;:�_
<br />� U.S.C.9601 et seq.),all other federal.state and local laws,regulations,ordinances,court orders,attnmey general opinions . • � �
<br /> � • or interpretive lettets conceming the pu6Hc health. safety, welfare, environment or a hazardous subsiance; and (2) '.��_�� a;'
<br /> '`� "Ha2ardous Substance" means any toxic. radioacdve or hazardous material, waste, pollutant or contaminant which Itas , " �_��
<br /> . characteristics which render the substance daagerous or poteatially dangerous to the public health, safety, welfue or • ;.:.s,�
<br /> _ environment. The term includes, WtUIOLLi 11N1taII0A, any substances defined as "hazardous material," "toxic substances," •�. .t;,'�.? -=
<br /> � "hazardous waste" or"ha7ardous substance"uuder any Environmental Law. Trustor represents,warrauts and a�that, • ;K'��
<br /> except as previously disclosed and acknowledged ln writing: ' � ��'�`�
<br /> • A. No Hazardoua Substaace has 6een, is,or will be located.uansported,manufa�tured.ueated, refined,or handled by '• ��. � ''_-
<br /> � any person on.under or about the Property, except in the ordinary course of business aad la strict compliance with � • ' "-��
<br />- � . • ,.' � all applicable Eavironmental Law. ,;'.':;. •� �_
<br /> . B. Trustor has not and wiU not cause.wntribute to.or pennit the release of any Hazardous Substance on the Property. . . .
<br /> � � C. Tmstor will immediately notffy Beneficiary if(1)a release or threatened release of Hazardous S�bstance occurs on, _,�=
<br /> ` � �, under or abdut the Property or mi�rates or threatens w migrate&om neazby property;or(2)there is a vio�atIon of ' . � ;;=�,_
<br /> � any Enviromuental Law concemin�the Property.ln such an event,Trustor will take all necessary remedial action in . -
<br /> � ' . accordancc with Environmental Law. ' �
<br /> D. Trustor has ao knowtedge of or reason to believe there is any pending or Wreatened investigation, claim, or . . : :
<br /> '• � � proceeding of any kind relating to p)any Hazardous Substance lacated on,under or about the Property;or(2)any : � •
<br /> violation by Trustor or any tenant of any Environmental Law.Trustor will immediately nodfy Bene&ciary in writing
<br /> as saon as Tn�stor has reason to believe tLere is aay such pending or threatened investigation.claim,or praceeding.
<br /> � 1n such an event,Beaeficiary has the right,but not the obligation,to participate in a�y such pmceeding including the ; •',- �
<br /> � right to receive copies of a�y documents relating to such proceedings. . . -
<br /> . � E. Truswr and every tenant have been,aze and shall remain ia fu11 wmpliance with any applicable Envlronmental Law. . •
<br /> I F. 'I�ere are no i:nderground storage tanks. private dumps or open wells located on or antler the Property and no such ,. . . ..
<br /> ,:, i. . �: : � tank,dump or well will Be added unless Beneficiary first consents in writing. � . • �
<br /> , ,y; • i G. Trustor will regulazly inspect the Property, monitor the activlties and operations on the Property,and confirm that , •
<br /> - , all pemilts.licenses or approvals required by any applicable Environmental Law are obtained and complied with. �
<br /> H. Trustor will permit. or cause any tenant to pemiit. Beneficiary or Beneficiary's ageat to eater and inspect the • .
<br /> � Property and review all records at any reasonable time to determine (1) the existence. location and nature of any �
<br /> .. � Hazardous Substance on. undet or about the Property; (2)the existence, location. nature. and magnitude of any • �
<br /> Hazardous Substance that has been released on,under or about the Propeny:or(3)whether or not Trustor and any
<br /> tenant are in compliance with applicable Eavironmental Law. ,
<br /> 1. Upon Beneficiary's request and at any time, Trustor agrees, at Trustor's expense, to engage a qnalified
<br /> �. : environmental engineer to prepare an environmental audit of the Property aad to submit the results of such audit to �
<br /> •� � Beneficiary. The choice of the envitonmental engineer wha will perform sucb audit is subject to Benefieiary's
<br /> � approval. .
<br /> � I. Beneficiary has the right, but not the obligation, to pedorm any of Trustor's obligations under this section at � • ,
<br />:' ' � Trustor's eapense. . '
<br /> ..',,.. � K. As a consequence of any breach of any representation, warranty or promise made in this section, (1)Trustor will
<br /> „ _ � indemnify and hold Beneficiary and Beneficiary's successors or assigas harmless from and against all losses.claims. ,
<br /> ! demattds. liabilities. damages, cleaaup. response and remediation costs. penalties and expenses. including�vithout , .
<br /> • limitation all wsts of litigation and attomeys' fees. which Beneftciary and Ben�ciary's successors or assigns may � '.
<br /> ' , sustain: and (2) at Beneficiary's discretion, Beneficiary may release this Deed of`frust and in n:tum Trustor will � •
<br /> : ,{� provide Beneficiary with wllateral of at least equal value to the Property secured by this Deed of Trust without �
<br /> • . prrjudice to any of Beneficiary's rights under this Deed of Trust. �. . �
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