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<br /> �� At the option of Beneficiary. all ar any part of the agreed fees and charges. accrued interesc and principal shall hecome • � :'
<br /> ' �iatety d�te attd payable,after giving aotice if required by law.upon the accterrence of a default or anytime thereafter- ;• �c k
<br /> �� In aaditian�Bene6ciary shall be entitled w all the remedies pmvided by law.the Evidence of Deb4 other evid�of debt, • . .
<br /> ' , � ttus Deed of Tn�st and any related documents including without limitation.the power to sell the Property- , , .
<br /> F • If thete is a default,Tnutee shall. in addition w any other petmitted reraedy,at the�equest of the Beneficiary.advertise and ' � ' , , .
<br /> , „ • �,� sell the Property as a whole or in s�aratc parcels at public auctian w the higiiest bidder for cash and ooavey absolute ade � . �... ..
<br /> fcee and ctear of ail right.ride and iaterest of Tcustor at svch time aad place as Tiustee designates.Tvstee shall give�ce _.L,..� :
<br /> ' � � � of sale including the time.terms and glare of sale and a description of the property to be sold as required by the app' � 4.. ,_ „ ,
<br /> . ° � law in effect at the time of the propos e d s a le. ___� _
<br /> ` '� ` � Trustze shall make and detiver a deed to the Property sold "��,�-:
<br /> ` � Upon sale of the pmperty and to the extent not prohibited by law. ,
<br /> , ..� _j wluch conveys absolute tifle to the pnrchaset.and after first paying all fees,charges and wsts,shail Pay to Beneficiary all . •,
<br /> ` , moaeys advanced for repaus. taxes, ins�uance, liens, assessmenu and prior eacumb�and int��n.�the . ;;�, _ - -
<br /> . principal and intecest on the Secured Deb�payin8 the su�plus. if any, w Tnutor. Benefi ' maY P �• -- - .. .
<br /> � - The recitaLS in auy deed of coaveyance shall be prtma facie evidence of the facts sec forth therein. . . .
<br />� � ` All remedies aze distinct,cu�tative and not exclusive,and the Beneficiary is entifled to all remedies provided at law or ' � � . , �• : -,
<br /> . equity,whether expressly set forth or not.The acceptance by Beneficiazy of any sum in paymeut or partial paymatt on the �•;.�z.�,. `;:.
<br /> Securerl Debt after the balance is due or is accelerated or after foreclosure pmcxedings are filed shall not constitute a waiver
<br /> s•,�� of Beneficiary's right w require full aad complete cure of any ex�sting default.By not exencising any remedy on Tiustor's : �s � t'°�°,,
<br /> default,Beneficiary daes not waive Beneficiary's right to later consider the event a default if it continues or happens again. (, , . -_.-
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<br /> ' lg,EI�FI�TSES;ADVANCES ON COVENAN'1'S;ATTORNL�YS'FEF.S;COLLEG°rIUN COSI'S.Except ahen prolu'bited . - , • ,-_____
<br />�-_�. " � . ' by law,Tnutor agrees to pay all of Seneficiary's expenses if Tnuwr breaches anp covenant in tlus Deed of Tn�st.Trustor � . ...T��:;;�=_
<br />�"' w�71 also pay on demand all of BeneBciary's eapenses incurred in collecting,insucing,Preserving or protecring the Property � ; -.----
<br /> °' or in any inventories,audits,inspectians or other eaamination by Beneficiary in respea to the Property.Tnutor agrces to _- • -_ _—
<br />-�� � ' g�p all costs and eapenses incurred by Beneficiary in enforcing or protecxing BenefIciary's rights and remalies uader this - _.
<br /> Dced of Tmst.including,but not limited to.attomeys'fees.court casts.and other legal expenses.Once the Secured Debt is -
<br /> .' fnUy and finally paid,Benefrciary agree.s to release this Deed of Tmst and Trustor agrees to pay for any recordation wsts. ' . �=-•-
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<br /> �. AU such atanunts are dQe on demand and will bear interest from the time of the advance at the highest rate ia effect.from ;. �,., __
<br />�a . , , time to time,as provided in the Evidence of Debt and as petmitted by law. .:.,`,-_�_ `��_
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<br /> .,', 19.L�IWIRONMENTAi. LAWS AND HAZARDOi1S 9UBSTANCES. As used in this section, (1) "Euvironmental Law" ` � �� _--
<br /> ��'•` � meaaq, a+ithout limitation,the Comprehensive Environmental €tesponse,Compensation and Liability Act (CERCL.A,42 - �'.��;',s
<br /> '�' U.S.C.9601 et seq.),all other federal,state and tocal laws,negWations,oNinances,conrt ordess.attomey general oPinions - --
<br /> � ` � or inte�pretive ietters conceming the public healW, safety. welfare, emrironment or a ha7ardous substance; aud (2) ,��.
<br /> . ^Hazardous Substance" means at►y toxic+ radioactive or hazardous material, waste, pollutant or wntaminant whtch has 'Y ,�^_a
<br /> - chasacteristias which render the substance dangerous or potentiaUy dangemus to the public healib, safety, welfare or
<br /> � � envIronment. 71�e term includes, without limitation, any substances de6ned as "bazardous material," °wxic�bstances," _ .;.��;,
<br /> � "ha7ardous waste" or"hazardous substance"imder any Eavironmental Law. Tn�stor represents,waaants and agrees that, _. .,.•�_�
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<br /> . � except as previously disclosed aud aclmowledged in writiag:
<br /> • A. No Ha7ardous Substance ha�6eea.is,or will be located,uansported,manufachued. treated,refined,or handled by ���.4l�:
<br /> � � any person on,uuder or about the Property,except in the ordinary coiuse of business and in strict compliaace with , 7�.
<br /> � � all applicable Environmental Law. . .�,'�, -
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<br /> . - B. Tnutor has not and will not cause,contribute to,or permit the release of aay Hazardoas Substance on the Progerty. .�:';'�`� .
<br /> ..��; C. Tnutor will ianmediately noafy EeneficiarY if(1)a release or�ened release of Hazardous Substance occurs an, .:.__
<br /> ,r�'s , . • :j under or about the Property or migrates or threatens to migirate from nearby property:or(2)there is a vtolation of ;'�*,,.;
<br /> . , �� , any Bnvironmental Law conceming the Pcoperty.In such aa event,Tn�stor will take all n�ry remedial action in '.y`:
<br /> � � t accordance with Environmental Law.
<br /> �..; D. Tiustor has no Emowtedge of or reason to believe there is any peading or tlueatened investigation, claim, or . .
<br /> �..�' . . "�i proceeding of any kind relating to(1)any Hazardous Substance tocated on.under or about the Property:or(2)any • . - ••
<br /> • violation by Tmstor or any tenant ot any Enviroamental Law.Trustor will immediately notify Beneficiary in writin$ . .
<br /> .�` � av soon as Trostor has reason to believe there is any such per.�ing or threatened iavestiga�on,clalm,or pracePding.
<br /> � ]n such an event,Beneficiary has the right.but not the obligazion,to participate in any such procerding including the •
<br /> . right to recelve copies of any doa�ments relating to such proceedings. : � .
<br /> " ' � ' E. Trustor aad every tenant have been,are and shall remain in full compliance with anY applicable Environmental Law. _
<br /> � � F. There aze no underground storage tanks.p�lvate dumps or open wells located on or under the Property and no such . , .
<br /> • tank.dump or well will be added unless Beneficiary first co�sents in writing.
<br /> .�:�� G. Trustor will regularly inspect t"e Property,monitor the activities and aperations on the Property. and wnfirn►t��-t .
<br /> - . a11 permits.licenses or approvals required by any applicable Environmental Law are obtained and complied with.
<br /> . H. Trustor will permit, or cause any tenant to permit. Beneficiary or Beneficiary's agent to enter and insgect the - ,
<br /> - • Property and review all recoTds at any reasonable time to determine(1) the existence, location aad nature of any
<br /> � ' • Hazardous Substance on, undet or about the Property: (2) the eaistence:location, nature, aad magnitude of aay �
<br /> � Hazardous Substance that has been released on,under or abaut the Property:or(3)whether or no1 Trustor and any _ .. .
<br /> : tenant are in compliance with applicable Environmental Law. .
<br /> I. Upon Beneficiary's request and at any time. Trustor agrees, at Trustor's expense. to engage a qualified .
<br /> . � � environmental engineer to prepare an environmental andit of the Properry and to subitut the results of such sudit to ;
<br /> � :'� � Beneficiary. The choice of the environmental engineer who will perform such audit is subject to Beneficiary's
<br /> approval. �
<br /> . '",,• J. Hcneficiary has the ri�ht, but not the obligation, to perform any of Trustor's obligations under this section at �
<br /> � Trustor's expense. j� •
<br /> ' K. As a wnsequence of any breach of any representation, warranty or promise made in this section. (I)Trustor will ,
<br /> � � indemnify and hold Beneficiary and Beneficiary's succi.�ssors or assigns harmless from and against all losses,claims, ; . .
<br /> � demands, liabilities, damages, cleanup. response and remediation costs. penalties and expenses, includin� without i
<br /> � limitation atl costs of litigation and attomeys' fees, which Benet`iciary and Beneficiary's suc�essors or assigns may
<br /> � sustain; and (2) at Beneficiary's discretion, Beneficiaty may release this Deed of Trust and in mtum Trustor wi11
<br /> �'- ,: � provide Beneficiary with collateral of at least equal value tn the Property secvred by this Deed of Tcust without
<br /> ' , � ' prejudia:to any of Beneficiary's rigt►ts under this Deai of Trust. .
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