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<br /> , ,, �� 7.Eminm�t Dom�n.Lendar is bereby essigned a11 compee�setion,ewarde,dmnages and other payments or refief R�ere6eefter'Proceeda') � � ��,�"�f, =
<br /> t i n c o n n e a t i on with condemnatias+or other telcu�g of the Proparty or part thareof.or tor eonveyanco in Geu of condamnation.Lender st�aU _
<br /> : . ' � i� tetcm�or damaged.Lender a!►ali have the oytion In ite aota and absolute discreticn,to aaDN aU such Rrocaeds,after deduatin8 thmefrom , . • .. ,
<br /> .f � afl eosls end axpenaea ir►eurted 6y it in carmection with such Proceeda,upon any mdabtednwa seeured hereby m�d�sucfi arder as "t `
<br /> . � �`` �Lendtu mey detarmuie.or to eyPt1►s0 auch Pcoceeda,after such Q6duations,to the restoration ot the Ptoperty upan sud�canditions�
<br /> • �4' � �+►dei may determina MY a�PQcation of P�oceeda to a�de�b4odnesa tsh�rtot mRend or postpone the duo data o!mry PaY+�ente undar -
<br /> � • ,�;ttte Note.or mce m�y defaug theramd�ar hereunder.My�maPAGed tie�da shatl bo paid to Truator. :�. .. ...
<br /> YU 8.pq�9��e by Lend�.Upon the acwiirrence of �Eweit o!Defmdt hereunder. or if er�y act is ta6cen or tagal pcaaeed'mg , � �.
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<br /> � ' • !°�cammwic�wfiicl�materially effecta Lend�r's mterest in tho PmDertY.L�da may in ita own Qisaetion.6ut vgithout o6Ggation to do so. � `•^::< ...
<br /> • �mid�ritl►out notice to o►dmnand upon Tiustor m�d�vithout reiossuie Tcuator ttom eny ob6gation,do en{►ad vdiuh Trustor has ayresd , y�
<br /> � " r •�but fe�s to do m►d may atso do es►y o4het ect it deema noeessery to pmtect the seatritY hereof.Tnistot sh a U,irnmedi e t a h upon danend , � �
<br /> tl�erafor by Lender.DeY to LenQer a0 wsts and m�peesee inasrred m�d s�uns e�ended by Lmder 6�conneotion vrith the mcercee by .• :�. .
<br /> . . � � t le�der of the Eoregomy righte.together with u�teresi thereon at the defmitt rate provid�e�Me Nots. whict►ahall be addad w the ` � ;. -
<br /> � • — + �`mdebte�eiss seaued heteby.Lender sfiatl not'u+eur eny liahif:ty baceuse of enyth'vag it may do or omet to do hern�md�. ���
<br /> • '�::``� � 9.Ra�rQcy�pNatesiats.Trustor ehaU lteep tha P�aperty in compli�ce with alt appGcabl�Iawa.ord'o�mtcea end reeulation9 refetu►g to �
<br /> - indu3triaf hygi�e or environmm�tal protocrion IeoUactivelV refertad to herain a9'Environmental Lews').Trusto�shaU keep the Propmty ��
<br /> � � frea fmm a11 substenees de�ned to be he�rdoue ot to�da undar eny Environmm�tel Lews(coUsctivaN reterred to h�es'kaserdoua - - :'°-_ _•
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<br /> • Meteriela'�.Trustoi heteby warrents m�d repres�ta to Lendar that there are no Hsmrdou9 Materiel an or�der the Property.Yrustor ---�----
<br /> hareby ag�s to indemnify�d hold harmlesa Lendor,ita directo�e,officers.maPtoyees end agente,end any suecosscm to Lendefs - : . ,
<br /> , mtetest.fram end ageu�st eaY end aU daima.Qamega9,losses end IiaDO'rtie9 arisa�g in connectFnn with the prasc3nce,use,d�sposat or '..,< .
<br /> trmisport oi any Hezerdous Materiets on.under,from or about ths Proparty.TtiE fOREQOfAtG WARRA[�TIES ANO REPRESENTATIONS, .
<br /> AND TRUSTOR'S OBUCiATlO[11S PURSIiAM TO THE FOFE�301N0 INDHUFN►TY.SNALL SIiRVNE RECO�l1lEYANCE OF TH{S DEED OF _
<br /> ' TRUST. � . :` c= '
<br /> , -` t0.AsatIIrunent of Regrts.Tncator hereby essigna to LenQar.�d gra�isnQer a aacurity mterest e�,ell present,future and atter .. . ;�� .'"'" '
<br /> � rromp re�ts,issuea snd profita of the Prop�ty:prov(dad that Ttustor�a0,unb7 tha omrr�ce of an Event of OefmiR here�mdar,have <`�___' -:,+`
<br /> ' ' : 's ffie ri�t w co4ed end reteu�such rent9,issues�d profits�thay become due�d paya6lo. Upon ffie occurrenca af m�Event of . :r.:�.°.�.`'-
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<br /> ' Defeuh,LenQer may.erther�peraon or by eg�t,with or arithout b�gmg mty ection or pra�eedrttD,or by e teceiver appotnted by a .
<br /> ` '• " wurt m�d cvithout repard to the edequecy of ite secur+ty, enter upon end teke possession of the Pro�arty,or eny pert thereof,u�ite ovm '' . !��`�J`,
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<br /> � nema or u�the name of tha T�ustoe.snd do eny acts whicfi it de�na nace�sary or desirebfe to praseive the valua,macketebifrtY ar � � _.
<br /> �te6�'ity of the PropeRy.or eny part thereof oc mterast tharem,or to increese�ha v�wme therefrom or proteat the aecurity hereof m�d, _ ---..-.
<br /> ' with or wiU�out tetdng poasesaion of tha Ptoperty.Bue for or otfiervvisa coRaat tha ronta,issuee med profite thereof,includ'a�s tAose pest , • � ���'�::�
<br /> • • dua m�d unpeid,bY notitying tanante to meks paymente to lender. lendar malr eAahl�ente,issuea m�d pmfite,leas costs and mcp�ses � .. �.':.���=.
<br /> . of opuretion m�d coDectton includmg attomeya'tees,to eny indebtadnese seaeed herebY,e116�such order as L�tder mey detmmu�a.The � • _Y —
<br /> � . . � "�• enter6ig upm�and tekfis possession of the P►operty. the collection of such�ts,issues end profits,and tho apPlication thereuf es � ., � `
<br /> . . �.r:� e foresaid sha!!not are or waive enY defeutt or notice of Qefault here�mder or inva6dats eny aa!done in respanse to sucJ�Qefai+ft or • . •.: �=��"�\
<br /> pwsumit w sud��ouce of dafauh and,notwithatandmg the continuance o�posswsion of the Property or the w°actian,reaoipt�d � --
<br /> •� r' epPGcation of �te.issues.or pmftte.Tn�stee and lender eheil be entitted to exerciso every�pht pravided for a�any of the Lom� � r�;
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<br /> ' I�atrumm�ss or by la�v upon ocai►enca of any Event of Oeiauk.b�edida�p without Ibnitetian the�ght to wcercisa the pow�of sate. . • . �_,x,- :��°.�,
<br /> � Furtfier,Lendera dght9 mid remedies underthis paragraDh shall 6a cumufatitre witt�,and in no wey a I'unitation an,Lm�dere tights end , ....`?,:: ��'
<br /> - � ' • romedies undar�y assignm�t of teasea end rm�ta recorded eQamat ffie Pcoperty.L�dsr,Truatee end the reoaiver afie0 be GeSfe to : '��;�`'
<br /> �- accaunt onty for thosa rente eatuatly recaived. - '
<br /> . � 11.rev�t�of Datauit.The fo4ov+ing afiell canstiwte an Evw�t oi Oatauit unQer tfiia Oeed oi Truat: t � ��'��•,
<br /> :,. �. � (�Fa�lure to pay mty installment of prtncipal c►fite►est of eny offier sum secuted hereby wh�due: �`,Ir�-°°---,=,,:''
<br /> ' .' Ib)A bfearh of or dalauit under eny pmvleion contained'a�tha Note,thie Oeed of Taet,mry oi the Loan Mstrumente,or anY , • ��;'�:,.;;�;
<br /> � . `� other I"r�ot w�ambrance upon tha Property; . ';`
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<br /> (c)A writ oi exacution or attachment or any sun7er process ahall 6e entered egeinst T�ustor whicb ahaD become a fi�on the , � ' �
<br /> . Property or any portion thereof or interest therein; taw -�'�` ��•
<br /> • , � (d)There shall be filed by or ageinst Truator or Bov�owar en aotton under eny present or firture fedarel,atate o�other stetue, , ,'""
<br /> or regulation relating to benktuptay, u�aotvency o►other rolief for Qebtore;or thero eha0 be appointed ar►v �+atee, reoeiver or .�s�:t %-�.
<br /> • . ' • ��; liquidator of Trustor or Boaower or of all or any part of the Proparty.or the rente,issuea or pmfite thorcot,or Tnaslor or Boaower - „ �
<br /> _. .:�# sheD meke any penere!easisnm�t for ffie beneEit of creditora: -'�•�_-_
<br /> ' ' (e)The sete.t►m�sfer.leasa,assi�►ment.convayanae or furthar encumbrence oE ap or any part ot or eny bftereat in the Property. � �R;j}G.:-�
<br /> f� aRher vo(unteriry ot 6►vohmtarity,without the expresa written wnsent of lender;provided tfiat Trustor efia0 be partnitted to exeaute • `.r Y_
<br /> " a leesa of the Property that doea not contein en option to purchasa end tho term of whid�doos not exceod one yenr, , '•�����'�%
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<br /> (fl Abendonment of the Property:or �.
<br /> (9) ff Ttustor io not m�mdiviQuet.the issuance, eato,t►anafe�,eaeipnsnent, aonvoym�ce or�cumbrance o!more than (if a ' :��'
<br /> '� corporrrtlon)a total of N!A porcont of ite issued end autstend'a�g etock,ot Cd a partnerehip)a totel of H/A perc�t of � .�a__��.
<br /> � � partnerafiip�tereste,or a �mited Ii�bTrty compenyl a tote�of N/A Dercent of the Iimited IiebitRy compm►Y �t�or votln8 � �'=��
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<br /> ,: rtphte du�btp ffie period this Deed oi Trust ramefia a 1'ien on the Piroperty. � •.`!��:.��
<br /> ' � 12.Ramemes;Accetaraticn dpon Detwit.fn the ev�t ot erry Evm�e of Defeutt lender mey,without notico exceyt as requJreO by lew. .
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<br /> - � declara a0 indobtednese eaeureA hereby to bo Que and payabto�d the same shal!tfiareupon bewme dua end payabfe without mty , � �
<br /> : presontmeat,demend,protest o�notice ot any kind.Thereeftor LenAar may: ' •�
<br />• te)Oemra�d that Truateo exercise the 70VYEA OF SAtE srented he�ein, and Truataa ahall thereefter causa Truatore fitereat . .
<br /> � in tho Ptoparty to be sold end tfie proceeda to be di�t�ibutud,all in tho manner provided in the lVebtaske Trust Deeda Aat; � � .
<br /> • Ib)bcora}se eny and ell dgfite providod for in any of the Loen tnatrumante or by ler� upon oocurtence of euty Event of . . : . .���� �
<br /> . . . Doteuk:and . ,.
<br /> . • (o)Commence en eatton to forecfose this Qead of Trus!ea a mortgapa, appoint e receiver,or apecHicefty eniorce any of the > � t•. ,
<br /> � covonm�to herooi. .
<br /> No ramady heroin wnferred upan or reserved to Trustee or lender ie intanded to be exctuaivo 01 eny other remedy hereln,in the Loan , �
<br /> • � Instrumants or by law provlded or pormitted,but ee�sfie116o cumufative,eha0 bo in eEditton to every other remoQy given haraunder,u� '
<br /> � tfie loan tnatrumanta or now or hereefter oziatmg at law or 1n equity o►by atetute,and mny ba exeraised aonaunently,indop�dentty or • � . .
<br /> ' � - auacesaively. „ �
<br /> 18.Truetes.Tho Tnietoo may�esign at any tbno without cauae,and L.��dor moy et�►y timo and without cauae appotnt o successor , t,
<br /> � or aubstitute Tniatoo.Truatee afiall not be Iiablo to mry party,inetuding without Ihnitation Lender,@orrowar,T�ustor or m►y purd�oser of .
<br /> • � the Proparty,for any toae or damaga uniess duo to raatdose or v�ilMul misconduct,and efioll not bo required to take any actian in „ . . •- _ ,
<br /> ,� connoatian wftb tha entorcement of thia Daed of Truat unlesa lndemnHioA,in writinp,for a!i coste,compenaetton or mcpaneos whicb may
<br /> �'• be eseociated therewith.1�addition,Trustee mey become e purchseer at a�y 8afo of the P►openle(sudiciel or under the power of salo .
<br />- • I grented herem);poatpone the sata of ell or any portion of tho Propotty,as provlded Dy law;or setl t3�e Property as a whofe,or u�saparate .
<br /> ' parcols or fote at Truatee'e diearetion. � �
<br /> • 14.Feae end Ea�pansas.In tho evont Tntstae aelte the Property by exereiso of powo�of sefe,T�ustee ehall bo entitlad to appiy eny oele . ,
<br /> ' � � proaaode firet to payment of afl coste and oxpensos of axerclsfig power oi eafe,inctuda�g aD Truetee'e feos.and Landere and Trootae's ; .
<br /> � � ettomoy's fees,aotusity inwrrad to uxtont parmittod by apptioebis lew.In tho event Borrowor o�Tastor exarclsos m►y right provided by .
<br /> � law to cure an Event of Datauft,Lende►eholl bo antit�od to rocover fram Ttustor eU coste and expcnsoa aatuafly incurted ee o tosuh oi
<br /> � ; Trustora dafeuk,inc(udinp without I'unitetion all Trustau'e end attomoy's foae,to the extent permitted by applicabto Inw. .
<br /> ' 1 15.Future Qdvenaes.Upon roquost ot 8orrower,LonQer may,ot ite option,moko addittonal and futuro e6vances snd reodvences to
<br /> Bo�rowor.Sucfi edvencos ond toodvancos,witl►a�terest tharoon,ehall bo eocurad by thie Oaed of Truet.At no timo efiail tho principal �
<br /> ? amount o!tho indobtednoes se�curad by thio Dood ot Ttuat,not inciuding eume advancad to protoot tho aocurity of this Dood o!Trust, �- , .
<br /> oxcaod the originol principol amount etoted horain,ot S E8 000 00 ,whichevor ia graatot. • �
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<br /> - N6C868)8 INnn�1alhs�l00eA1 RW 0lCB � �
<br /> 1998 NaLanl 8er 01 Cannwcv Trust W Savup�Ateeu�LOn.Urcotn.N�OreL �.'-—_-"'-_-
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