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<br /> ' ,��' Y' -���.'` . r art thereo or for conveyan �fn�'e�f nd�n. .•` .. . •,�.
<br /> , ` � ' -` 'Prooeeds7 in aonneGion wRh condemnation or other taking of tha Property o p �. . :r." �: .
<br /> � " � �".�f . ` Lender shaU be entirisd at its option to commence.aPpear irt and prosecuta(n ifs own name arty action or procead'u�gs.and shali also �,; ,..
<br /> tn the eveni a� or�on of the Prope�tfl�S .'f:,<'
<br /> � � •• be entitted to make any compromise or settlement in connedion with such taking or damage• y� ���. �r deducNng
<br /> ._ ,b
<br /> so taken or damaged.Lender shatl have the aption in its sole and absotute disaetIon,to irutebtedness secured hereby and in s�ch • <��`'�;�,
<br /> � • � - theretrom aD oosts and expenses incur�ed bY it tn oonrtectlon wi6�such Praceeds,upon a►ry :�-'� :
<br /> � ` ` • order as l.ender may determine.or w aQPly a►{suds Proceeds.after such deducxions.to the resto►atian of the Ptoperiy upon such oon- _;`-t .,
<br /> dtions as Lender may determlrts.My aPP��tion of Proceeds to indebteQness shall not extend or postpone the due Aate of arty pay- ; ,t :'
<br /> � . . . ments under the Note.or cure sny defauit tflereun�ter or hereunder.Any unappfIed tur►ds shaU bs pald Go TnrsO�r. . o. .�',., •. :
<br /> :��., .
<br /> �� , 8.Perf�rmanee by I.ender.Upon the aocurreaae of an Evgnt of Defautt hereunder.or if any act is taken ar legai proceeding . . . ,
<br /> commenoed which materfal[y affeds Lendeds in�rest in the Pr°peRy.L.ender may in its own discre�on,but uvithout o6itgation to do so, ,.
<br /> � ��.F.� , ,�c., i.
<br /> and without notice W or demand upon T�r and without reteasing Tmslor from eny abligation,do any act whid►Trt�fior has agreed .,. ;
<br /> � - —�' but taited to do and may atso do any other act ft Qeems neoessar5►tn Protect the security hereof.Trustor shalt,immedatety upon ���`<. ,
<br /> .. J`�s'�-•,: ° , demand therefor by Lender.paY W Lender ef1 casfs and expenses incurted end sums expended by Lender in wnnection with the exer-
<br /> '-rt� - �-- - - cise by Lender oi the foregoing rights.tagether v�itt�iniemst thereon at the dsfauit rate provided in the Note,whIch shatl be added to - _- h
<br /> • t h e i n d e b t e d n e s s secured hereb Y•Lender shaU not incur any liab�it�/6�cause of enything it may do or om�to do hereunder. ` (_ �
<br /> � ' 9.Hazardous Materiats.Trus[or shail keep the Properht in co►nPfiance w i t h a t l app li c a b l e I a w s.o r d i n a n c�s and r e gulations ,
<br /> . ,�� '` i 4 y
<br /> refa�ng to industrial hygiene or en v ironmert t a t p ro t e c d o n(c o 1 1 e c B v e t y r e f e r r e d W h e r e i n a s"E n v lronmerdal Laws7-Trustor shail keep . ,Y, :,` "<
<br /> the Property free from all subsfances Qeemed W be haza►dous or taxic under any Environmental Laws(collectivety referred to herein
<br /> . ' ' :::;��'. as'Hazardaus Materials�.Tn�stor hereby wartards and represents tn�ender that thare are no Hazardo�d a tents,�d eny sttcces- t.� . _-
<br /> � � Property.7nuUor hereby agrees to indemnify and hotd hatmtess LendBr.its directors.afficers.emptoyees S G�:'•
<br /> ' ' � sors tio Len�ers irrterest,from and a�inst any and aii daims.damages.losses end Gabifities adsi�g in oonnecbon wi4h the presence. ; N,.�-�.,-__ .
<br /> � use,disposal or transpoR of any Harardous MaOeriats on,under,from or ebout the Proparcy.TNE FOREGOING WARRANTIES AND :. •`,>:=�`;��;i-
<br /> � REPRESENTATIONS.AND TRU5TOR'S aBLIGATtONS PURSUANT TO THE FOREGOWG INDEMNITY. SHALL SURVIVE .__..Y _ -
<br /> � . .. RECONVEY{W C E O F T HIS OEED OF TRUST. � ``J".,—
<br /> - - �-�: 10.Asstgnment ot Ren4s.Trustot hereby essigns to Lendor,end grants l.ender a securltY interest in,all present,future and -
<br /> � after arising rents,issues and profits of the Properly.provided that Trustor sieafl,until fhe occurrence of an Evem of Qefault,hereunder,
<br /> � have the dght to collect anQ�etain such rents,iss�es and profds as they become due and payabte.Upon the occ�trrepce of an Event of �
<br /> Defauit,Lender may,either in person or by ageni,with or without bdngin�a�y action or praceeding,or by a receiver appoinUed by a :r �;, , �.=-
<br /> � ��� caurt and without regard to the adequacy of its security.enter upon and take possession of the Property.or any paR thereof,in its own ,!;�;-__--
<br /> ' � ' name or in the name of the Trustee,and do any acts which it deerns necessarf►or desirabie W P�gNe tfie vatue.marketability or . ;��}`';.':
<br /> _ � rentability af the Property,or any pad thereof or interest there(n,or to irtcrease the inoome therefrom or proted the security hereof and, -�—
<br /> � ' �?°;': ,: with or witnaut taidng possessfon of the Property,sae for or otharwise collect the rents,issues and profits thereof,indu�ng thase past ;.t �__
<br /> . . • � due and unpaid,by no ti f j r ing tercants tfl make payments to Lender.Lender may apply rents,issues end praf�ts.�ess�°sts an0 expens-
<br /> : � '.'`'`> es of operation and coitedion in e tu ding a tt o m a y s f e e s,t o a n y indebtedness secured hereby,ail in such order as Lender may deter- �.�"���"•�`
<br /> ` . � "�' '"'��:=' " mine.The�ntedng upan and taking possession ot the Pmperty.the co��ection of such renis,issues and profits.and the applicaUon -'-,.'��__.
<br /> ' thereoi as aforesaid shail not cure or waive any defauit or noUce oi defauit herennder or invaAdate any ad Qone ln resporsss to Such � :- �:���_
<br /> ' ���� � detault or pursuant to such notice of defauit and,notwithstanding the continuance in possession of the properiy or the witecxton, ��_,
<br /> � receipt and app8ptiort of rents,issues or profiLs.Trustee and Lender shall be entitled to exerc.ise every dght provide0 for in any of the ��+?■"=
<br />� � . Loan tnsWments or by law upon occurt+ence of any Eventn gOallabe�cumu aitive�tiL anid in�np ay ei�mitation on Lende�fs rights and . `� ?�.�_.,
<br /> � � � Furtl�er,Lenders dghts and remedies under this paragrap !� �;����_==�
<br /> .. , '� remedies u�der any assignment of leases and rents recorded a9ainst the Properly.LenQer,Trustee and the receiver shaii be(iable to ,,-��'-
<br /> � account onty for those rents actuafiy recetved. :.�>:�_.
<br /> � 11.Events of DeTaut�The foitowing shail constitute an Event of Defauit under this Deed of Tnist: ' y,�
<br /> . ' • � • • �' (a)Faiture to pay any instaltment of pdncipal or interest or any oMer sum secured hereby whan due; ,,p�^
<br />, , _._ _ ..__ (b)A breash of or detault under any provision contained in the Nota,this Oeed of Trus�any ot the Loan Instrumenfs,or ffiry �:::�__
<br /> other lien or encumbrance upon the Propertyr: � �
<br /> � � (c)A writ of executlon or attachment or any stm+lar process shaN be entered against Trustor whfct�shall beooms a lien on _���:
<br /> = . � �'. :' • • the Property or any porGon thereof or interest therein; � '"°
<br /> ' , � (d)Yhere sfiail be filed by or against Trustor or Borrower an acGon under any present or future federal,state or other statute. �._��:��,,
<br /> ` law or regutation retat(ng to bankruptcy,insolvency or other re8ei for debtors:or there shall be appointed any trustee,recetver or :���
<br /> • ''�` 8quidator of Trustor or Borrower or of all or any part of ttra PropeM1y,ot the rents,issues or profits thereof,or Trustor or Borrower _ ��
<br /> � � shall make any general assignment fortha benefit of aedito�s; • ` "�:
<br /> . � � . � (e)The sate.Vansfer, lease,assignment,conveyance or furlher encumbrance oi ail or any part of or any interest in the , :.�,,-=..
<br /> � � PropeRy,ei�e a e'ase o the Ptopeurty th t does�nothcontain n op on o purchase and the evrm o1 which does not texcee�ne
<br /> . . ted to execut . .
<br /> �,� year,
<br /> (�Abandonment oithe Property:or . .
<br /> " (g)N Trustor is not an indlvidual.the issuance,sate,ttansfer,assignment,oonveyance or encumbrance oi more than(H a
<br /> ` . corporation)a total of__Percent of its issued and outstanding stodc,or(if a D e�n�i�the Umited liabilit�r compa- •
<br /> � � ce�t oi partne�shlp interests,or(N a limited liability company)a total of P .
<br /> � ny interests or voting rlghts duri�g the period this Oeed ot Trust remains a Uen on the propedy.
<br /> � 12.Remedies;Aeceteration Upon OefaulL In the event of any Event of Default Lender may.withaut notice except as required . �
<br /> by taw,declare all indobtedness secured hereby to be due an0 payabte and the same shatl thereupon become dua and payabte with- .
<br /> . ' ' out any presentment,demand,protest os noUce oi any kind.Thereafter Lender may: � , '
<br /> (a►Oemand that Trustee exercise the POWER OF SALE granted herein,and Truste0 shall thereafter cause Trustor's inter-
<br /> • est�b��ercise any and a11�rights prpovlded tarin any ot t e Loan Instrumenta or by law pon occurrence o1 aoy E e t of � -
<br /> ' � , Def ulh,and � � � k'
<br /> � . � (c)Commence an acUon to torectose this Oeed of Trust as a mortgage,appoint a receiver.or speGfically eniorce any ot the
<br /> covenants hereoi. • �
<br /> � No remedy herein confened upon or reserved to Trustee or Lender is intended to be exctusive ot eny other remedy tterein.in lhe Loan ,
<br /> � ln the Loan Instrumentsror n o or hereafter xi tn g at Iawlor n equity or by statute,iand mi ay be exerci ed ccncu BnUy,�i dep ndent(y � : �
<br /> � or succesivety. olnt a suo- '"
<br /> 13.Trostee.The Trustee may resign at any time without cause,and Lender may at any time and without cause app
<br /> cessor or substitute Trustee.Trustee shatl not be tiabte to any party.including without IimitaUon Lender,Borrower,Trustor or any pur-
<br /> chaser of the Property,for any loss or damage untess due to reckless or wiiltul misconduct,and shall not be requlred to take any action .
<br /> ' . in connectlon with ihe entorcement of this Deed o?Trust unless indemnifced,in w�ing,for alt costs.�m ud1G ti or unde pthe powe i of
<br /> ' . may be associated therewith.In addition,Trustee may become a purChaser at an saie of the Property Q .
<br /> , sale granted herein);postpone the sale ot all or any portion ot the Property,as provided by law;or setl the Property as a whole,or in
<br /> � � separeto parcets or lots at Trustee's discreUon.
<br /> � 14.Fees and Expenses.In the ovent Trustee selts tne Property by exercise o1 power af sa(e,Trustee shail be entitted to appty
<br /> . �� any sate proceeds fi�st to payment o1 ail casts and expenses of exercising power o1 sale.including atl Trustee's(ees,and Lende�s and
<br /> . Trustee's altorney's fees, actualiy incuned to extent permitted by appiicabte taw.In the evenl8orrower or Trustor exercises any right
<br /> � provided by Iaw to cure an Event ot Oefautt,Lender shall be entitted to recover trom Trustor all costs and expenses actualty incurred as
<br />_ � : . { a resuit of Trustor's default,Inctuding vlithout limitation ail Trustee's and attomey's faes,to the extent permdted by applicabte law.
<br /> I 15.Future Advancea. Upon request of Borrower,Lender may. at its option,mak�e additlonai and tuture advances and read-
<br /> .•. ; vancos to Bonower.Such advances and readvances.wi t h in t erest thereon,shall be secured by this Deed of Trust.At no time shall the
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