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<br />- � �9 �� the option oC IIrnrficiary, all or an}• part of the agreed fees aztd charges. accnied interest and PriaciPal shall bec°me ,
<br /> ' , ` :. '; nim��dia[ely due and payablc,atier�iring notice if required hy law,upon the ocxurrence of a default or anytime thetPZfter.
<br /> � � ti !n addiuon,Benrticiary shall be entided ro ali the remedies provided by law,the Evidence of Debi.other evidences of debt, •<-'�
<br /> E , ' . �:t � :h;s Deed of Trust and any related docwnents inclading withaut limitation.the power to sell ihe Property ; .
<br /> _� � ' ' ,.�•� �i there is a default.Troster�hall,in addition to any other permitted remedy,at the request of the Beneftciary.advertise and �-� ,•
<br /> - ' " ' .cll the Property as a whole ur in segarate parcels at public auction to the highese bidder for cash and convey absolute title ,�
<br /> � ` �rce and ctear of all right,title and interest of Trustor at such cime and pls�ce as Tnutee designates.Tn�stee sha11 give noSte - .. _ _ .
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<br /> ' — , ��i sale including the ume,term5 and place of sale and a descrip[ion of the pmperty to be sold as required by the applicable <"r� " c"
<br /> ti"' � : . . -����� �:n�•in effec[at the time of thc proposed sale. �•. .l . _
<br /> �� , i:pon sate of the property and to the extent not prohibited by law,Tntstee shall make and deliver a deed w the Property sold ' ''
<br /> �-: . - �� ��Bicts conveys absolute title ro the purchaser.and after fust paying all fec.s,charges and cosls.sha11 paY w Beneficiary all i . .
<br /> :;F, �nuaeys advanced for repairs. taxes. insurance. lieas, assessments and prior enca�mbrances an d inierest t h e r e on, a u d the ,. . ..
<br /> �- . ' r ] principal and interest on the Secured Debt, paying the surplus, if any,to TtasWr.Beaefciary may pwrchase fhe Property. . :
<br />-•y� � , c,'. !':�:ecitals in anp dtiYJ of conveyance shall 6e prima facie evidence of the facts set forth therein.
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<br />;;�'� ' ' ,-;e ', �!! remedies ar,distinet. cumuluive and not exclusive, and the Benefieiary is eniitled to a11 remedies pmvided at law or ' `` `».�^`
<br /> '.�; . :quity,whedier expre�sly sct torth r�r not."fhe acceptance hy Beneficiary of any sum in payment or parti2l payment on the • °'
<br /> � � tircured Debt aftec the balancc is due or is accelerated or after foreclosure proceedings are ftled shall not eonstitute a waivet ; '+�"``
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<br /> l;•_ ' ' ,�f Benefci a ry's right to require full and wmplete cure of any existing default. By not eaercisiag a�r remedy on Trustor s —�
<br />�f'� . � . �IrCault,Beneficiary does nat waive Benefsciary's right to later consider the event a default if it continues or hap�ens again. ,
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<br /> " � '�� I S.(•:XPE.`SES;ADVAICES OY COVE!V.4NTS;ATTORNEYS'FEES;COLLE(°i'ION CO.SI'S.Except when proln'bited :.
<br /> ��:�� . � ny law,Trustor agrees to pa�� ali of Beneficiary's expenses if Tmswr breacl�es auy oovenant in this Deed of Tmst.Tmstor .`'Yi��
<br /> .,�� , � . j o ill also pay on drmand all of Beneficiary's expenses incurred in colleaing,insuring.P�se�ving or protectin�she Pcnperiy '�� ;Y.','=
<br /> �ji. ..- � ,�r in any inventories,audits. inspecdons ar other examinazion by Beneftciary in tespect to the Pt�PertY.Tmstut agccea to �� � �=�
<br /> +•� �� .� p:ry all costs and expenscs incuacd by Beneficiary in enforcing or protecting Beneficiary's rights and remedies under This , . :;�.•.��r�
<br /> ;��:_` � ' . ��`. I I�ced of Trust.iaciuding,but not limi[ed to,attorueys'fees.court oosts,and oWer legal expenses.Onee the Secured Debt is � ��;::::
<br /> ,Y . _ . , iully and finally paid, Beneficiary agrees to release this Deed of Tntst and TmsWr agcees to pay for any recordatioa costs. , `�;::`-'=.
<br /> .�il such amounts are due on demand and will bear interest from ttie time of the advance at the highest rate in effect,from t°•' "":
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<br /> � " Y: �une to time.as providrd in the Evidence of Debt and as permitted by law. . --
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<br /> '" 19.1•:`VIItONMENTAL LA1�YS AND HAZARDOUS SUBSTANCES. As used in t6is sedian, (1) "Environmental Law° `,. -; ,�;:,-�`�;-
<br /> � mcans, without limitation, the Comprehensive Environmental Respoase, Comgensation and Liabili Act (CERCLA, 42 ' ''�'��`
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<br /> •,�.S � t _.. `'' ��1��—
<br /> i'.S.C.9601 et seq.).all o�hcr federal,state and tocal laws,reguladons,ordinaaces,court orders,attomey►genetal opinions �. :.,,�� .,_._
<br /> '�F . ��: interpretive letters concemins the public health. safety, welfare, environment or a hazardous sn6stanee: and (2)
<br /> •� � . . '� "!lazardous Substance" mcans any toxic, radioactive or hazardous material, waste. pollutaat or wnta�nant w}uch I�as ' ��'�=-
<br /> �•, .�,
<br /> • �haracteristics �vhich render the substance dangeraus or potentially dangerous to the public health, safety. aelfare or .•,.-=�°�-
<br /> • :uvironment. The tcrm includes. �vithuut limitation, any substances defined as °ha7ardous material," "toxtC substanCea," '"��€"".`:;;`
<br /> ' - " 'hvardous was[e" nr "hazardous substancr" under any Environmental Law• Trustor rePresents+a'arran�s aad agrees that, ��-�=�.
<br />_ � � �•�cept as previously disclosed and acknowledged in�vriting: ' " ";,`:'-�:-;_
<br /> A. No Hazardous Substance has bcen, is,or will be located,transported,mannfactured,treated,refiaed,or haadlod by .;•, �.�,
<br /> �. , any person r,n, undcr ur about the Praperty. except in the ordinary course of business and ia strict compliaace with ,.�`:
<br /> , all applicahlc liiiviron�uental Law. ' '�-'
<br /> B. Tmstor has not and wiil not cause,conaibute�o,or permit the release of any Ha7ardous Substance on We property. _
<br /> '" ' C. Trustor wiU immr.�iatrly notify BeneCiciary it(1)a retease or threatened release of Hazaidotls Substance occuts on. ..��:
<br /> f.:��'l under or about the Prupeny or migrates or threatens to migrate from nearby property;or(2)there is a violation of � • �- ��-�y$:
<br /> +�;' • • ` any Enviroumental l.aw conceming the Propeny.In such an event,Trustor will take all neeessary retnedial actIoa ia ,. --
<br /> ° " . , ac;eordance:�vith Envirc,nmcntal Law. . • ...
<br /> D. Trustor ha, no knc»vlcdge of or mason to believe there is any pending or threatened investigation, claim, or
<br /> ;;,:�� � • � procceding nf any kind relating to(1)any Hazardous Substance located on.under or about the Property;or(2)suy •:
<br /> ,�;c . ' � violation by Trustor ar:u�y tcnant of any Environmental Law.Trustor wiU itnmediately notify Beneftciary in wcitin$ •
<br /> as�aon as'frostor ha�rc�ason to believe there is any such pending or tlueatened investigation,claim,or proeeeding.
<br /> � � � ;i � In such:+n cvcn[.Bcnciiciary has thc right.bu[not the obligauon,ta pazticipate in aay such proceeding includiug the .
<br /> right to r�wcivc copics of any documents relating to such proceedings.
<br /> � � � E. Trustor and�vcry tenant havc bccn,are and shall remain in full compHance with any applicable Environmental Law.
<br /> f F. Thcrc.irc nu tuidcrcrcnmd staragc tanks,private dumps or open wells located on or under the Property and no such ,
<br /> � tank,dump ur�vell�eill be added unless Btmelieiary first wnsents in writing. �
<br /> , G. Trustor will rc�:ularly inspect the Propeny, munitor the activities and operations on the Property.and confirrm that . ,
<br /> • ' all permits. lic�•ns��or approvals requirrd by any applicable Envitonmental Law are obtained and wmplied with. • .
<br /> H. Trustor will permi�, ��r c.iu�c any unant tu permit, Beneficiary or Beneficiary's agent to enter and inspect the . •
<br /> Prupeny and rrvic�c :dl rccc+rJs at any rcasonable time to detemune(1)the existence. locauon and nature of any .
<br /> . Harardous Suhtitancc uu, undrr or ahout thc Property: (2) the existence, location, nat�ue, and magnitude of aay .
<br /> •� � Harardous Sub�tancc diat hati bcrn rcleased on, under or about the Property;or(3)whether or not Trustor aad aay �
<br />'•��':.:.: tcnant arc in r��rnpli:mcr with applic.►blc finvirunmcntal law. ,
<br /> •. " ' 1. Upun I;rnriic�:+rp'� �rquc�i and a� :my ►1inc, "I'rustor agrr�cs, at Trustor's expense, ta engage a qnalified
<br /> x;"?, � �, em irunmem:�l cnginccr tu preparr an encironuuntal audit of the Praperty and to submit the results of such audit to • •
<br /> � Bcnrticiar}•. "I�lic clnucr u1 the c�rvironmcntal cnginecr �viio will perform such audit is subject to Beneficlary's
<br /> � • appmcal.
<br /> i �:; � . , ). I3cncticiary ha•• �hc i�eht, hut not �hc ubli�;��iun, n� perform any of Trustar's obligations under this section at I _
<br /> � .: 'I'rustor's cxp�nsr. �
<br /> •'�;�, � K. As a cunsc��ucnce ni :my hn:��h ��f any reprc�entatiun. warranty or promise made in this section. (1)Trustor will
<br /> :, -, indemnit'y:nu; hold Ficueticiary:md I3cneficiary's succestiors or assigns harmless from and against all losses.elaims. ; �.
<br /> drmands, li.�hil�tics, J.�m:iLrs, rlc;mup, respunse and r�mrdiati�m costs, penalties and expenses. including without �
<br /> ;. �r. • limitati�m :�II c„�tti „I luir:iuon:�nd .�uorne}s' f��cs. which Heneticiary .md Beneficiary�5 SUCCCSSbTS bT 8SS1�IlS fffi)I '
<br /> '•" :.. � sustam: :md l2� .it Hencltciary's discrcu�+n. lienrtici.iry may rcicase this Deed of Trust and in return Tntstor w'lll �
<br /> prnvidc Iicurti�iar� �tiith cnll:ncral nf at lc:i�t rqu.d v:duc to Ihe Property sE�:ured by this Deed of Tntst withOUt . �
<br /> � prciudicc t��.m�. nl lirurticiar:'�n�lns��„�i«a,��n«a��rrr�sc. .
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