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<br /> � � � 'Proceetls';in connection w(th oomdemnaUon ot other ffik(ng of the Properry or part thereof,or for convayance In tieu of c�ondemnation. �.L�`-;.'�y`',`'` ;
<br /> •� � , Lender shail be eniitled at its o�tlon to commsnoe,appear tn and prosecute in its own name any adlcn ar proceadinys,and shali aiso ; :�,. ,, ��• �
<br /> �` be e�titted to make any compr+om(se or seffiement in wnnection with such taktng or damage.In the event any portion ot the Property Is ' .".�,:. ; � `�
<br /> • ,; so taken or damaged.Lender shalF have the option in Its sote and a0sotute d'isaetion,to apply a!t such proceeds. after deducting ��"ti; :, : `.;;` �� ':
<br /> • . theretrom aU c�ts and expenses incurred by(t in wnnec�fon with sucfi Proceeds.upon any indebtedness secureC heneby and En su�t► ...`< ` v.
<br /> ' ., f r ordar as Lertder may determine,ar tn aQpty all such P�ooeeds,after such deduetions,to fhe oestoration of the P�operty upon such mn- �
<br /> . . , . diti�ns as Lender may detertnine.My appUcaflon ot R�oceeds tn indebtedness shall not extertd or pos t p one t he due d a t e o f any p ay- •,.,D`a •:� �
<br /> • �� ments under the Note,or cure any default thereunder or hereunder.My unapplied fu�ds shall be paid to Trustor. r ��� `<<. � •
<br /> • , • � 8.PerFartnance�y Le�der.Upon the accurrence of an Event M Dafauft hereunder,or if any act is taken or tegal prooeeding
<br /> - wmmenceG whId�materiauy atiects Lenders intsrest in the Property.lendsr may in iis own�scretion,but without ubtigation tc do so,
<br /> -� - -: `- ' and vrithout aaUce!o os damasK!upan trustor and tvithout reteasing Tnistor fmm any oGligation,do any act which Trustor has agreed
<br /> � =- `�'" but failed to do and may also do any other act it deems necesssry to protect the security hereof.Trustor sNaO,immediatefy upon . • .,
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<br /> _ _: _ demand tl�etefcr by Lender,pay to Lender alt oosts and expenses incurred and sums expended by Lender in connecCon with the exer- . _ , , .
<br /> -' --- - .i cise by Lender of the faregoing rights.together w(th interest thereon at the defauft rata provided in the Note.which shafl de added t� - ;: -
<br /> . . � Me indebtedness secured hereby.Lender shall nat incur any itabifiry becausa of arrything it may da or omit ta do hereunder. �'G r • �`�
<br /> 9. H�ardous Ulaterlats.Trust�r shail keep the Property tn compliance with a11 appitcabte haws.ordinances and regutatlons
<br /> . "'` • �f retating to indw`�biai hygiene or environmentai protec�on(ccttectivety referred to herein as'Environmen�l Laws�.Tnistor shatl keep • � '
<br /> ',:_ ',•. `:
<br /> - the Froperry fiise trom ail substances deerned to 6e hazarttous or taxic under any Enviconmentat Laws(coflectivety referted to herein • ; •;�=.
<br /> � � as'Hazardous Materiats .Tn�stor hereb wamants and represents to LenQer that there are no HazarQous Mate�ials on or under the • • -��
<br /> � `_ . ` � P�roperly.7rustor hereby agrees to indemaify and hold harmtess Lender,its direatnrs,officers,employees and agents,and any su� . '- �. ;:_ :.'�'�
<br /> � sors to Lend�rs interest;from and against any and ati daims,damages,lasses and liabitities arising in connedion with the presence. ;:��.:.�_V���:'�
<br /> � . use,disposal or transpoR of any Harardous Materials on,under,trom or abaut tt+e Property.THE FOREGOtNG WARRANTIES AND . 5�, .._{' ...-�'
<br /> ' �` REPRESENTATIONS,AND TRUSTOR'S OBUGATlONS PURSUANT TO THE FOREGOING INDEMNITY,SHALL SURVIVE •``''-�.�:,.T,:�.�,_,
<br /> - ��� <.. %� RECONVEYANCE OF THIS DEEO OF TRUST. � , _-_-- -
<br />�- ��:� .- 10.A�signment o1 Rents.Tnistor hereby assigns to Lender,artd grants Lender a secruiry interest in,aU present,fuWre and
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<br /> . , � ; ; :t after arising cents.issues and profits oi the Property;pmvtded that Trustnr shail,until the accumence oi an Event of DetauJt,hereunder. , '�`:��-
<br /> ,.� have the�ight to collect and retain such re�s,issues and proftts as they become due and payabte.Upon the occurrence of an Event ot __-.�;r�_�
<br /> � Qefault,Lender may,either in person or by agent,with or without bdnging any acdon or proceed+ng,or by a reoeiver appointed by a „ — _
<br /> ' ,: �1�=, couR and withaut regard to the adequacy of its securiiy,enter upon and take possession of the Property,or any part thereof,(n iLs own _ -`'—'�
<br /> . name or in the name ot the Tnistee,and do any ads which it deems necessary or desirabta to presenre the vatue,marketab1ity or --� ;4���'
<br /> . -.� 1� rentabllity of the Properly,or any part thereof or inierest therein,or to increase the income therefrom or protect the security hereof and, i'�'�'` ;^ `:°__
<br /> . t� with or without taldng possession ot the RropeRy.sue for or othenv�se copect the rents,issues and pro�ts thereof,inGuding those past , • `����
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<br /> , • , due and unpatd,by notitying tenants to make payments to Lender.Lertder may apply rents,issues and profits,less�and expens °° r �'�'�""'�':�'
<br /> � ' es of operaUan and coltection induding attemeys fees,to any indebtedness secured hereby,ail in such order as Lertder may deter- ''.'�' -� .
<br /> . ' ��� mtne.The entering upon and taking possesston of the Froperty,the caRection of suct►rents,issues and profits.and the appfic�tfion -.' '`.�
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<br /> �. � , �:� thereof as aforesaid shall not cure or watve any defautt or no�ce of defauit hereunder or invalidate any act done in response to such "�.
<br /> , .:`� default or pursuant to such notice of defautt and,notwithstanding the continuance in possesston oi the properiy or fhe coilection, � -•ti -
<br /> receipt and apptication of rents,tssues or profils,Trustee and Lender shall be entided to exercise every dght provided for tn any of the : {��''
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<br /> . . <� Loan(nsWments or by law upon occvrcence of any Event of Default,induding without Iimita�on the right to exerdsa the pawer oisate. • '`1�
<br /> ��� • _ ` • � Further.Lenders d ghts and remedtes under this paragreph shall be cumufative with,and in no way a limitatioc}on,Lende�s rights and � ' � `�.•�
<br /> , remedies under any assignment of leases and rents recorded agatnst the Property.LenQer,Trustee and the receiver shall be Gable to f �.,-,., .°• ���_�_.
<br /> • axount only for those rents actuaAy received. ,,''��`
<br /> �.;,;', _ 11.Events of Oefautt The following s.`�'t cons60ite an Event oi Default under this Oeed of Trust =_
<br /> a Failure to a an instaltment af �nci al or interest or an other sum seaired hereb when due; '��
<br /> � O P Y Y R� P Y Y ---—
<br /> -- (b)A breach of or default under any provision contained tn the Note,this Deed of Trust,any ot the Loan Instruments,or any 4 , , _�'�"=
<br /> � � ' other lien or encumbrance upon tha Property: � . ` '�:�';`=`
<br /> ' (c�A wrtt of execution or attachment ar any simitar process shall be entered against Trustor which sha0 become a lien on �).-;F:�,o_
<br /> •�� � the Property or arry por�on thereoi or interest therein; '��•'�`a���-
<br /> • � ' ' (d)There shall be fited by or against Trustor or Borrower an acUon under any pre�sent or tuture federal,state or other shaec�, _ , : 'a�
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