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<br /> 7.Emirtes+t Oome�n.lender ia hereby�d eU campmiasti�n.awards.dmnages�ed oth�m�+te or re!'ief R�ereinefter'Proceedo� • E . . ��'
<br /> . ` , . (� ui connection wi4h condmnnation or offiartekmg of the Property oi pa�t thereof.er for comeyenco m Geu of cond�nnotion.Lender sfieU . ,
<br /> �teken or damoged.L�dar�e0 have tha option m ite sola end absolute disaetion.to epPty aD such Proceoda,etter deducting theraf*om .
<br /> .! � _ � ell cosm e►d exp�+se9'viwrrod by it in conne�ion with sucfi Proceeds.upon m�y u�debtednese sawred hereby end�euch order a9
<br /> . �Lender may datermine.or to eppty all snd+Proceede.efter eu�Qaduatione.to the restoreaon of Me Propsrty upon eu�conditiorrs as
<br /> , � �lender m�l determ"sna.Any appGrBtion of Procaeds to irtdebtedna�s4�s11 not extsred or postpana the dua data ot any Daymm�te under � � `
<br /> . � • i �ffie Note,or wre any dstautt thermmder or hereunder.My unepyCed fimde ahat!be peid to Truetor.
<br /> ' • r 8.Fimiortnaice by ta�der. Upon tho oeauimtce of en Evmt of Qefauh heraunder,or�any act is teken or tepat procaedinp �'
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<br /> � � commenced whid�materie(ty eHeata Landera iMerest m the ProDertY.Lm�der moy in ite own discretion.but without obGgatton to do so.
<br /> �. ��d without notice to or dem�d upon 7rustur end witfiout teieesinp Trustor tmm eny obfigation,do any act which Tmtatot has egreed '.�:
<br /> �. � �6ut fads to do m+d may etso do eny other ect it deema necessary to pratecc die security heraof.Tneator she0.immediatety u9on d�r►mid � �
<br /> therefor br L�der,pay to LenEet s0 costs and expertses utcv►red end eums exPended by Lendar in connection witl�tfie exercisa by �
<br /> ' i,s � '►�s-.Lsnder of the toregoa�g rights.together with iMerest thereon et the defauft rate provFdad m the tftota, which efieD be added to the �:.� <." '_
<br /> : inde6tednesa seeured hareby.Lender st+e(1 not inar eny lishility because of m�yMQ+e n�U ao or omit to do herewsder.
<br /> :�.. � .' I p.pe�aua MateriaSe.Trustor sheD keap the Propsrty m compflanee with eD appGceble tawe,orEinarteee end regutationa relatmg to , , ' `.`
<br /> � ` , � ' + indusuial hygiene or environmentel protection(mllectivety refetrsd to here�e9'Environmental Lewa'1.Trustor shaU keup the Property ....�.,,_ _.
<br /> - - - �.. � �Ofram;.e0 substanees deemed to bs lsotmdou�o:tnxic under any Enviros►mentai Lawa fco4sctivety referrsd to herein es'Hemrdaua _—`�_.1;-<�::,
<br /> Materiels'l.Truator hereby warrante m�d ropresente to Lsnder thet there ars no Hemrdoua Materiaf on or undar the Property.Tcustor
<br /> � � hareby agrees to indemnify mid hotd hermless Lender, its d'uectore,officere.employees and egente.and any successors to l.andm's . _
<br /> l ' u�terest,irom�d aSainet any and eU claima,damaQes.tosses and fiab�7ities arlsu�p rt�conneeNon with tfio presence,use,disposaf or
<br /> � ` � transport of�y Hezardous Material8 on,unEer.irom or e6out the Property.THE FOREQOINti WARRANTIES AND REPRESENTATICNS. -. �. ° `
<br /> ' - ADfD TRUSTOR'S OBtitiA►TtONS OURSUMiT TO THE WSiEQO[NO tlUCE�1ANITY.SiiALL SURViVE RECONVEYANCE OF TFEIS DE�OF - - .�- 4=°---�-
<br /> ' TRtiST. ,.. .:
<br /> • • 10.dse3�ment of Rerns.Tastar hereby easigns to L.endar,and gr�ts Lsnder a secueity mterest 6�,ali Prasent.future and ahe� .
<br /> :. jjj' rismg renqe.i�tee and pmfds of tha PropeRy:Ptovided that Trustor sl�a0,unL7 the occurt�ce of en Ev�rt of Default heraunder,have . ''...�r,,;�`;-�r.
<br /> i the right to coUect mid retain such r�►ts,issusa end profrts ea they 6ecame due end paYabta. Upon the ocwrt�ae of en Eva►t of
<br /> : , Defauft,Lender may,either bi pelson or by agont,with or without bringing sny ection or procaed'mg,o►by a receia►er eppointed by a �. -- '.�r��,=
<br /> ' -: a court�d without regard to the adequacy of ita security. sntar upon end teke poasession of tha ProPerty,or eny part thereof,in it9 own •,.�....,r•,.
<br /> ' • mm�e or in the neme of the Trustee,�d do any ects whid► it deema nacesearll or desirabte to preaerve the value,maricstabil'rty or -..�:m_
<br /> rentebifrty oi the Properiy,m m�Y part thereof or interest thera�,or to increase ffia uroome thetetrom or protect the searitY hereof end, �� {,�'�:s,.
<br /> with ar without tekinp possession of the PrapeRy,sue for or otlierwise coQact the rnnte.issuea end profite thereaf.motuding those past ��"�
<br /> , due and impeid.6y noYdy6ig senente to malce PeYmet+ts to L�der. L,enQer mey apP1Y�te,i�sue9 and proftte,tesa coste and m�eases '.:�=;-;�".�
<br /> .. �`"r`.: of operet�n end cofieation a�dud'o�g ettomeys'teas,to m�y rt�debtedness seared heseby,eU in such order es Lender may Qetermine.The �� s.wr.=
<br /> r . entermg upon end telm�a Oossession of the P►oyetty, tha colteation ot sud�r�te,issuea m�d profite.end the applicatton thareof sa _ ��r,.:.���'
<br /> " . .:;'� eforesaid,sfiaii�ot cure or weiva miy defauk or notice of detauft hmeimder o►inva6date m�y act done m resDonse to sudf defairit or - -_`,�..�^�
<br /> •. pursum►t to sud�notice of defeuh end,notwithstending the continum�co in poasessien of the P►operty or the cofleation.receipt an8 =,.:
<br /> ' eppftcation of rents,iasues or profits, Ttuatee m�d Lender ahe0 Ee eatiNed ta eoceroisa evml►�i8ht providad for in eny of the loen :�- ,
<br /> ' Instrumente o�by lew upon eccurrance of any Event of Dafeuft.aictudtng without I'imitetinn the right to e�carcise the power of eeta. ..:'z.`':,'�'�•;:
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<br /> • Further,Lender's rights and remedies under thi9 paragteph ahafl be�aunutetive with,and'm no way e 1'unitetion cn,Lendar's dghts end �"`t�;:_
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<br /> � � � remedies unde:any eseignment oi feases end re�te recorded e+8emat the Pruvenl►•I.�der,Tniatee and the receiver efiatl be tiabte to ,,. =:;�,s::-
<br /> ':.�' account onl y for those renta eatuelly recaived. `Y �4
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<br /> � , 11,Eventa of Qe}�it.'fhe fo0owing shell constitute m�Event of�efault�mQer this Ceed of Trust: .,;� _��;
<br /> . � -..�a (e)Failure to pay eny instalUnant of principal or 6�terest af any otha�sum eecured hereby when due; , +�,,
<br /> ; `� �,y�'�J:
<br /> ,f � (b)q D�ech of or defauR undar any provision conteined in the Nota,this Oeed of 7rust,any of the Lom� Instruments,cr anY �
<br /> othe►Gen or anc�anbrence upon the PropaRl►: .';;'��:..
<br /> � ; i (0)A w ri t o f m�e�a i t i o n o r a t t a c fi m w�t o r e n y s u n 1 e r P ro c e s a s 3�e11 6e entered e gainst Tnistor whic!►sha116ecome a Gen an the � �:::;-✓,;;_;�;
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<br /> � . . " Property or eny poKion thereof or 6�terest therein: � ". •`�a:�'
<br /> � ' td)There ehell 6e filed by or against Ttustor or Borrower an action under eny present or futuro federal,atate or other stetae,lav� ' r �;�'��'_
<br /> � � • or ruguletiow rofating to benfauptay. insotver+aY or otfier refief for debtore:o� thero efie0 be appomted any Uru:stee. racewe� or . . ' ;_'.���n
<br /> : �� • " 6quidator of Tniator or 8orrower or of all or any pert of tho Property.or the rente,issues ot profits thereof,o►Trostor ot Borrower
<br /> . - � afieU m�e eny gcnoral easignment torthe benefit of credito�s; � �'r c:.,_
<br /> ;.7�°.:.
<br /> (e)The sala,hansfer,teeao,aseignmar►t,conveyance o�furthar encumbrsnca o!all or any paR of o�eny u�terest in tha Property. ,;.`k��
<br /> • eithe�voNnterily or invotuntarity,without the exprese written conoent oi Lender;provided thet Trustor eha0 be pertnmed to oxecute �:'.:�; ;,
<br /> � '�.�,{ a lasse of the Proparty thet Qoe9 not contein en option to purchese end the term ot which doee not eocceed one year; � :,����_
<br /> -; � tf) Ab�donm�t of the Property;oT -=
<br /> � (g)It Truetor is not an indtvtduel,the isauanae, eala,tranefer.essignment, conveymice or encumbrm�ce of more then (if a � ���-
<br /> � � . i coiporation)a total of N/A percent of ite isaued end outetanding etock,or lif e partnarship)a totaf of N/A percent ot :�;''
<br /> partnership intereste,or e united liability compar►y)o totol o} N/A Dei�erK of the limited liabit'ity compm►y mteresto ot voting .'%,�--�
<br /> � � � rights durinp the pedod tAia Oeed of Trust remeins o Iien on the Property. -
<br /> � t Z.Rems�e�;Accatoration Upon Dafautl.ln tho event oi any Evont of Oefauk Lendar mey,without notice excapt ea requirod by lew,
<br /> deofaro at1 indebtednese secured hereby to be duo and paye6te and the seme shatl thereupon become duo and poyabla without any
<br /> presantrnent,damand,protest or notice of eny kfid.Thmeefter Lendar may: . • � �
<br /> • (�Qemand thet Truatea exorcise tho POWER Of SALE prmKad here�, end Truateo shall thereafta► aause Trustor'e intereat
<br /> � in the Property to be eotd and tfie proceada to ba distributed,ell in the mtmnet provided'm the llfebtflske Truat Dee48 Aot; .. .
<br /> . (b)Exerclse nny end a0 righte provlded tor a�anV of tfie loan Inattumente or by law upon occuneneo of eny Event of ,�+��. ,
<br /> � • Detault;and '
<br /> (a)Commenco an eotion to foreclosa thi9 Oeod of Truet oa e mortgage, oppoint B receiver,or epecifically anforco eny of tho .
<br /> �� . - � covanante hereuf. � .
<br /> 1 lllo romedy herein conferrod upon or reserved to Trustee ot Lendet is intended to ba excluaive ot any other remedy hemin,in tho Loan
<br />'.�' ' ' . .,i Inetn�mar+ts or by lew provldod or permitted,but eacfi efiall bo cumuleYrve,shaU ba 6�flddition to wery other remndy eivan hettutndar,in ' '
<br /> o r h e roaftor oxistin et lew or in equit5►o�bY etotuto,and mey be oxercisad concurrantty,lndopendently or � •
<br /> . the Loan Inatruments or now 9
<br /> ' i succesaivoly. ,
<br /> � 13.Tru�tee.The Truatoo may rasign et eny time without caueo,end Lender msy e1 anY timo and without ceuse aDpoint a succeasor ,
<br /> . � or subatituto Tastee.Truatee afiall not be lio6(o to eny perty,inctudinp whfiout limRation Lander.Borrower,Ttuetor or m�y putcfieser o!
<br /> the proparty, for any losa ot damaga unlesa dua to reoklese or willtul misconduat, end efiett not be required to taka mry eotion in _
<br /> . � conneatian with tha enforcament ot this Daod of Truet untaea indemnifiad,in writrtip,for otl coate,compensation or axpenses whi�may • • •
<br /> � bo esaoaietcd therewith.(n aQdition,Truetoo mey bocoma a puu:haser et nny eate o!the Property(�udicial w. under the power of eale
<br /> • i grantod herain);postpone tho sote of at)or any portion of the PropoRy,aa provldad by law;or eet)the PropoAy os o wholo,or'v�aeyarato
<br /> � ' parcel9 0�lote at Troatoo's disoretion. ,. '�
<br />- : 14.feeo end Enponsea.ln the event Ttu9toa sells the Property by exoroiso o}power of sale,Trustee ahall be antitted to appty any sete E
<br /> • procoeda fitet to puymant of a11 eoate and exponaes of oxerci�inp power of aele,inctudinp all Truateo's fees,end LonQar's and truateo'e `
<br /> • ottomoy's foes,ectuelly incurtod to oxtont permilted by opplicabte lew.In tho ovont Borrower or Truator oxmoisoa any r2ght provided by i
<br /> law to cure en Event of De}ault,Lendar eha11 bo cntittod to r000ver ftom Trustor all coate and oxpanses eatually irtcuned ae a rosult of
<br /> Truatot'e dofauh,incfuding without limitation ell Trustee'e and attomay's feas,to tho axtent permittad by applioebte tew. �
<br /> � 15. Futuro Advrneeo.Upon request of 8orrowor,Londer may.+it ite option,mako additionaf and futuro advancos and teaQvaneae to �
<br /> � 8orrowor.Such aQvaneo9 and roadvances, with b►terost tharoon,ahatl bo socuted by thia Oaad o}Tnist.At no timo shell tho principo�
<br /> ,�+� amount of the indebtednoss aecu�od by thia Oood ot Tnist,not inctuding aum9 edvancad to protoct tfie eecurity of this Qocd of Truat, �
<br /> { oxeaod the original principal amount stetod harain,or 9 S25_000.00 ,wfiichover is greetor. •. .
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