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<br /> , �� ' �. `•+ ^Rrcceeds�in arnneeUon wtth condemnaUan or other teking af the Property or part thereot,ar tar conveyanoa in lieu of oondemnation. � �� :'
<br /> � . . < . � Lender shal!�a ertitled at fts a�tlon to coramenoa,epPear in and proseaite tr►Its ou� name any action or proceedings,and sfiall atso ��:,���',<�'.<.`���,
<br /> . .. r . : ;. be��i to make any oomprom(ss or setttemant in wnrtectlon with such taking or damage.In the event any poRion of the Property is '=,�� ..
<br /> • � so taken or damaged. Le�er shaH have the op�on in its sote and absotute dfsaetlon,b appJy ali such praoeeds. after deduding . ;�.(:;:,_•� ;
<br /> � < , , titerefrom a9�and expenses incurt�ed by it in connection w[th such PtQCeeds.uPon any Indebtedness secured hereby and in such �,z .; .
<br /> .. acder as Lender map deUartniree,or to appty al1 sueh Proeeeds,after such deduct�ons.to the restoraUon ot the Property upcn such mn-
<br /> ' d'�ions as Lender may de�rtn[ne.Any application of Proaeeds to I n d e b ffi d ness s h a ll n o t e x t e n d o r p o s t pone the due date af�r ry p a y- , � .`.
<br /> ' � � ments under t�e htate.or cure any default theteunder or heceunder.Any unapplted funds shali be paid tn Trustor. � °
<br /> ` � 8.pertortnance by Lerider. Upon the accurren�of en Event of Detault hereunder,or i9 any ad�s taken or tegal proceedng
<br /> '_`.` commenced wh(ch materiallY aifects Lenders interest In the Rroperry.Lendar may in its awn disaerion,but w+thout obligatlon to do sa • - -� � -
<br /> ' �-�--�•' and wiihout notice to or demand upon Trustor and�vithout releasing Trustor trom any obtigatian,do any act which Trostnr has agreed . . :
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<br /> �I:-"""�� but fa3ted ta d�and may atsa da any other aCt it deems necessary to protect the secudty hereof.Trustor shalt,immediatety upon ,. r. . .
<br /> -'` - �;=� den�and theret�r by Lender.Pay t�LenQer afl costs and expen�s lrtcwred a�s�ms e�ended by Lender im m�necdon with the exer- _ _ _
<br /> • � cise by Lendsr of the foregoing dghts,togeiher wit�inierest thereon at the defauit rate providsd in the Note,which shali be adQed to _• 4 � ��.
<br /> • the indeDte�fiess secuned heraby.lender shall not incur any IIability because of anything it may do or omit to do hereunder. �• , :
<br /> ` 9.Hasardous MateriaSs.Trusmr shatl keep the P�roperty in compfrance with ail appticabte laws,ordnances and ceg�dations
<br /> ' relatirtg to tndustriat hygiene ar ernv6onmental protedion(oo4lecttveiy reterred to heretn as'EnvUonmerdaf Laws'?.Tnrstor shail keep _ � __, •
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<br /> • the PmpeRy free from a11 substances deemesi to be ha�ardous or to�dc under any Environmental Laws(coUecti+rety referred to herein .
<br /> , .� , ,^;. as'Hazardous Materiats'�.T�stnr hereby warrants and represerrts to Le+►der that tAere are no HazarQous Mate�ials on or under Ihe ',.._���.;,_.�.
<br /> . Praperty.Tnistor hereby agree.4 to ir►demnify►and hotd harmless Lender.its dtrectors.officers.emptoyees and agents,and any succes- ` __ •� .- ._
<br /> sors to Ler�defs interest,f�m and against any and a11 daims,damages,losses and IiabiCtles arising in oonnaction witb the presence, <� , J .:
<br /> .` �� use,disposal or transpoR of any Hazardous Matertats on,under,from or about tl�e Pmperty.'THE FOREGOtNG WARRANTIES AND �F
<br /> rta
<br /> `'�= REPRESENTATlONS.AND TRUSTOR'S 08LlGATtONS PURSUANT TO THE FOREGOtNG INDEMNITY. SHALL 3l�RViVE -
<br /> �� �
<br /> � - � : �, ° � RECONVEYANCE OF THIS DEED OF TRlFST. �.=.
<br /> 10.Asstgnment of Renffi.Tnistur hereby essigns to Lender,and grants Lender a security interest in,att preserrt,tuture and
<br /> • � = after arising rents,issuas and profits of the Properly:prcvided tliai 7n�stor shail,untit the accumence of an Event of Defauft hereunder. -
<br /> � • •• ��.`� have ihe right to coltect and retaln sucfi rerrts,issues and profits as tt�ey became due and payabie.Upon the accurrence of an EveM of
<br /> � �� Qefault,Lender may,eiiher in person or by agenL wiih or without bdnging any action or proceeding,or by a reoeiver a�pointed by a
<br /> 'r " " ` court and wiffiout regard to the edequacy of its security.enter upon and take possesslon of the PropeRy.or any paK thereof,in its own _ ----
<br /> •� �.�:,;• name or in the name of the Trustee,and do any acfs which it deems necessary or desirabta to presetve tl►e vaiva.marlcetabil�h or _—
<br /> . . rentabtiity af the Property,or airy pad thereof or interest therein,or to increase the income therefrom or proted the security hereof and, _
<br /> ' � :` witb or withoat ta�tng possession of the Property,sue for or othenNise oollect the rents,issues and profit�thereof.inclu�ng if�ose past �
<br /> • -''`-R due and unpaid,by notifying tanants to make payments to Lender.Lender may appty rents,issues and profib,less cosfs and expens-
<br /> � . dudin attom s fees.tfl any indebtedness secuced hereby,all in such otder as Lender may deter- ;�'�'�:,'
<br /> - es of operaUon and coltecUon in g e�/
<br /> ' '' mine.The entering upon and faking possession ot the Property.the cailectlon of sucb rents,issues and profits.and the appl'�cation . �+*<
<br /> � � '�� • thereof as aforesaid shail not cure or waiva any default or natice of defautt hereurtder or imralidate any ad done in tesponse to such
<br /> 0efault or pursuant W such �odce of defautt and,notwtthstanding the canUnuance in possession of the property or the cal►ecdon, �•�.. �
<br /> � . ' � • ... receipt and appliqUon of rents,issues or proftts,Tnistea and Lender sfiail be entitted to exerdse every dgfit provided for in any of the •� r:r��
<br /> -• " � Loan InstrumenTs or by law upon occurrenee of any Event of Oafault,induding without Iimitation the right to exercise the.powet of sate. �''!'"�!�
<br /> � . ' Further,Lenders dghts and r+emedies under this paragraph shail be cumulatIve wfth,and in no way a limitation on,Lenders dghLs and �.'�:•:. �
<br /> � . � remedies under any assignment ot leases and rents recorded against the Property. Lender,Tnistee and the receiver shali be Uable t� ��•�.'�'��
<br /> ' • ' ' acoount only for fhose rents aduafty reoeived. - _
<br /> .� 11.Even4s of Oefautt The bitowtng shali cans�hite en Evant ot Dafau(t underthis Deed of Trusx � -__
<br /> --- -�--• -- ... - (a)FaSture to pay any instaflment of pdncipal or interest or any other sum secured hereby when due: • !
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