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<br /> . � � `i At the option of Benef ciary. all ar any part of the agceed fees and charges, accrued intetest and principat shall become ' . ' _ .
<br /> �i i m m e di a te ly d u e a n d p a y a b t e,a ft e r g i v i n g n o t i c e i f�q u i r e d b y l a w.u p o n t h e o c c u r r e n c e o f a default or an y t i m e thereafter. ' : ., . ,
<br /> � ! In addition,Beneficiary shall be entitled to a11 the remedies Provided by la�v,the EviGeace of Debt,other evidences of debt, ,
<br /> • . �°"' ; this Deed af Trust and any related daaiments inclttding without limitatian,the power to seA the Property. � . �,
<br /> If there is a default,'Tnistee shall,in addition ta aay oWer permitted remedY•u che request of[he Beaeficiary,advertise and ���
<br /> � � , sell the property as a whole or ia separate parcels at pubiic auc[ioa to the fughest hidder for cash'and convey absolute titie , .
<br /> � . free and ci�ar of all right.tide and interest of Trustor at such time and place as Tn�stee designates.Trustee shall give notice ,
<br /> � . of sale including the time,terms and place of sale and a description af the property to be sold as req�ired by the applicable
<br /> ,.. . .
<br /> .__ _. taw in effect at the time of the pmposed sale. � = - --
<br />-'`• ' Upon sale of the property and to the eatent not pmhibited by law.Trastee sha11 make and deiiver a dced to the PmpertY soid _
<br /> - �.� � which conveys absolute title to the purshaser.and after first payi�g all fees,charges and costs,shall pay to Benefeciary a11 � . _
<br /> � � moneys advanced for cepairs. taxes, insurance, Iiens, assessmeats and prior encumbrances aad interest thereon. and the .....�;.-.
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<br /> �. ' .� principal and interest on the Secured Debt,PaYing the sutPlus. if any,w Tnutor. Benefcciary may pu�shase the Property. . ...._
<br /> :y' " . ; The recitals ia any dee�of wnveyance shaU be prima facie evidence of the facts set forth therein. , .;
<br /> -'` ` All rernedies are distinct.aunulative and not exclusive. and the Beneficiary is entided w all remedies pmvid.ed at law or ' '
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<br /> , • equity,whether expressly set forth or not.The acceptance hy BeneficiuY nf any swn in payment or parcial payment on the
<br /> � � Secured Debt after tl�balance is due or is ar.celeiated or after forectosure proceedings are filed shall not constitate a waiver . ;:.:��—
<br /> ��'`� of Beneficiary's right m require full and complete cure of any existing default. By nnt exercising any remedy on Tn�stor's �
<br /> -�� � � default,Beneficiary does not waive Beneficiary's right w later consider the event a default if it wminues or happeus aSain• �-
<br />: .;:; ,m
<br /> "s`. '`�� 18.EJ�ENSES;ADVANCES ON COVENANTS:ATTORNEYS'FE�S;COLLECTION C�TS.Except when pm}u'bited - `�:,6;
<br /> z; � . .�:� by law,Tnutar agrees tn pay all of Beneficiary's expenses if Tn�swr breaches any covwant in this Deed of Trust.Tmstor ',;,��
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<br /> �`'. � ,, will also pay on demand all of Beneficiary's e�cpenses incurr�d ia callecting,insvring,FreseNinS or protecting the Property , '��_
<br />.;�' or in any inventories, audits,inspeaions or other examination by Benef�ciary in respect io the Property.Tnutor agrees w -
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<br />�.,� : ,- pay all costs and expenses incurred by Beneficiary in enforcing or pmtecting Beneficiary's rights and remedies under this .'.r....:�_-_£_
<br /> .;;,_ • . Deed of TTUSt.including,but not limited to,attarneys'fees,sourt casts.and other legal expeases.Once the Secured Debt is
<br /> ,;: ' ', fully and finally paid,Beaeficiary agrees to release this Deed of Trust and Tmstor agees to pay for any recordation costs. . •�;�'�`��,
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<br /> All such amouau are dae on daaand an�will bear interest from the time of the advance at the highest rate in effect,from ,.-_ �.�.
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<br /> •� '. time to time.as provided in the Evidence of Debt and as permitted by law. —
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<br /> ;f��� 19.ENVatON1VIENTAL LAWS AND HAZARDOUS SIJB.STANCES. As used in this sectian, (1) "Environmattal Law" �;�i�::;
<br /> ,.�. means. without limitaiiun, the Comprehensive Environmcntal Response, Compeasation and Liability Act (CERCLA, 42 � .��:::p�`
<br /> � • U.S.C.9601 et seq.),aU other federal.state and local laws,regulations,ordinaaces.coutt orders,attorney general opinions :�t�'�:-
<br /> r or intetpretive letters concerning the public health, safety, welfare. environmeat or a hazardous su6stance; and (2) _;�::�:
<br /> ^Hazardous Substance" means any toxic. radioactive or hazardous materia�, waste. pollutant or cantaminant which has ,;,,,,.,�
<br /> <} �_ characteristics which render the snbstance dangeraus or potentially dangerous w the public healtb, safety, welfaie or 1 _
<br /> enviromnent. 71te term includes, withoat limitaaon. any substances defined as °hazardous material," "toxic substances," .. '.,_
<br /> • _ "haTardons waste" or"hazardous snbstance"under any Eavironmentat Law. Tnistor represents,warcants and agrees thai. :, ;.• ,,'r�,
<br /> ' except as previously disclosed and acknowiedged in writing: _�,-
<br /> A. No Hazardous Substance has been, is,or will be located,uansported,manufaca�red,ueated,refined,or handled by .! ;.::_;;y
<br /> � , ' any p�erson on,under or about the Property,except in the ordinary coutse of business and in strict compliance with ,:..:. :�
<br />� � all applicable Environniental Law. . . � ���.
<br /> B. Tn�swr has not and will aot cause.contribute to.or pemtit the release of any Hazardous Substance on We Property. ;r.�L
<br /> , ' C. Tn�stor will immediately notify Beneficiary if(1)a release or threatened cetease of Ha7ardous Substance occurs on, • f. ���_
<br /> ��"'�' � � under or about the Property or migrates or tlueateas to migrate froin nearby pmperty;or(2)theie is a violatloa of .�,�....
<br /> .`� ' any Envimnmental Law concem9ng the Property.In such aa event,Tn�stor will take all necegsary remedial action in �� :�r_,
<br />:t�,' ;, .; ' ascordance with Environmental Law. ,
<br /> ' ' ' D. Tn�stor has Ao knowledge of or reason to believe there is any pending or tluc�ened �nvesti&�tion, claim, ot .
<br /> •`.�� ' . proceeding of any kind relating to(1)an,Hazardous Substance located on,under or about the Property:or(2)aay . ,
<br /> • � violation by Trustor or any tenant of any Env"uonmental Law•Trustor will immediately notify$eaeSciary in writing _ .
<br /> � as saon as Tn�stor has reason to believe there is any such pending or threatened investigation,claim,or proceeding. •
<br /> ' In such an event,Beneficiary has the r�ght.but not the obligation,to participate in any such procx�dinS including the � °
<br /> ;:•: .
<br /> right W receive copies of any documenu relating to such proceedings. •
<br /> . �+ E. Trustor and every tenattt have been,are and shall remain in full compliance with any applicable Environmental Law. , ,;.
<br /> • F. There aze no underground storage tanks.private dumps or open wells located on or under the Property and no such
<br /> �- • • . tank,dump or well will be added uNess Beneficiary fqrst consents in writing. . . �
<br /> '•�` •. G. Trustor will re�ularly inspect the Property. monitor the activities and operadons on the Property, and confirm that .
<br /> • ' all pem�its,licenses or approvals required by any applicable Environmental Law are obtained and complied with. : �
<br /> H. Trustor will pemnt, or cause any tenant to pemiit, Beneficiary or Betteficiary's agent to enter and inspect the •
<br /> Propeny aad review all records at any reasonable time to detemune(1) the existence. location and nature of any ,
<br /> . � � • Hazardous 5ubstance on, under or about the Properry: (2) the existence, location. namre, and magnitude of any
<br /> � Hazardous 5ubstance tha:has been released on,under or about the Property;or(3)whether or not Tnistor a.d any �
<br /> . •• tenant aze in compliance with applicable Environmental Law. • �
<br /> 1. Upon Beneficiary's request and at any time. Tn�stor agrees. at Trustor's expense. to engage a qualified
<br />.' � environmental engineer to prepare an environmental audit of the Property and to submlt the results of such audit to
<br /> � Beneficiary. The choice of the environmental engineer who wiil perform such audit is subject ta Beneficiary's .
<br /> approval. �" .
<br /> , �•�� ]. Beneficiary has the right, but not the obligation, to perform any of Trustor's obligations under this section at ,
<br />� c�?. � .
<br /> . �-_ Tmstor's cxpense.
<br /> ; s ' I K. As a consequencc of any breach of any representarion. warranty or promise made in this section. (1)Trustor will
<br /> indemnify ami hold Beneficiary and Beneficiary's successors or assigns harmless from and against all losses,slaims. .
<br /> � demands. liabilities, damages.cleanup, tesponse and remediation c;osts. penalties and expcnses. including without
<br /> � ;; . � limitation all cc�su of litigation and attomeys' fees, which Beneficiary and Beneficiary's successors ar assigns may
<br /> � � sustain: and (2) at Beneficiary's discretion. Beneficiary may release this Deed of Trust and in retum Trustor will � •
<br /> ptovide Beneficiary with collateral of at least equal value to the Property secured by this Deed of Trust without
<br /> " - ' prejudice to any of Beneficiary's rights under this Decxi of Trust. !
<br /> � ' � . s pogc 4 01 6
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