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<br /> ��� ����� ,: • �` . .. � _ -
<br /> 7.Emin�t Qomain.Lendar is horoby ansipnad alI compensation,awerds,damages end other peymex►te or retief(here�after"Procecsda') � �, �� '-"
<br /> m conneation with condemnation or other tdcins of the Property or part thereof,or for conveyance a�liau of con�emnution.Lendor shc�� . ` '
<br /> taken ar demaged,Lender ahsil have the option m its sae and absotute discretion,to epply ell aucfi Procaeds,akea deducting therefrom ' j`_�'
<br /> eli coats and expa�ses mcvned by it in wnnection with such Proceeda,upon any indebtedne�s saeured hereby end in such orde►as . �_t_
<br /> Lmder mey determine,or to appty all sueh Proceads,after sucfi deductions,to the restoration of the Property upon such conditions as �
<br /> Lmdn m�y determir►e.Any eppliootion of Procc�do to indobYedno�a ofiail not eut�nd ot poatpon�th�dua dat�of my p�ymMU�ndtr _ ',�s
<br /> the Note,or curo any defauh theraunder or hereunder.Any unappGed funda ahatl be paid to Trustor. � ��� -
<br /> g, p�rtortnsne�br l.�ndn. Upon tho occurraice of an Event of�efeuft hereunder, or if any act is teken or Icpnl procsed�y `i�"
<br /> • � commenced whiefi meterialty affeds Lender'a interest in the Praporty,lender may in its own discretion,but rvithout obtiparion to do so, -
<br /> �d without notiu to or demand upon Truator and witfiout re!eeae�p Tntator from eny oblipation,do any ec!whieh Truator has apreed .
<br /> but fai►a to do and may also do�y othar act it deema neceseary to proteet the aecurity hereof.Trustor shatl,unmedia4sly upon demend -
<br /> . therafor by Lender, pay to I.ender all costs end expenses incurced and sums expended by Lender'v�eonnection with the ezercise by . �
<br /> Lendar of the foregoiny riphte,tapethor with interest Me+eon at the deiauk rate provided'm the Note, which shall be added to the
<br /> indebtednaas aewroA heroby.Lender sha11�ot incvr any Gabi ity because of enythiny R mey do or amR ta do har�mdcs_ �- - ----- .--=- - �=�
<br /> 9.HazsrQou�Mat�siats.Tnistor sfiall keey the PropeRy'v�compliance with ell eppGcab!e lawa,ordrt�ancos end rogulations relaYv�g to ,. • • ;��
<br /> induaitiel hypiene or enviranmantul protectian(coitectivs(y rafertad to herein aa'Environmentel Lewe'I.T�ustor shalt keep the Pmpertv � �
<br /> � free ftom afl substence�deemed to be hazerdoua or toxic under any Enviror+mental Lews(collectivety referred to herem as 'Hezerdous • �' • • _
<br /> Matarisls9.Ttustor heroby warr�te end �epreaents to Lendar thet thero are no Hazerdous Materiel on o� under tha Property.Trrsstor �� _
<br /> t . hersby apreea to'v�demnify end hotd hermtena Le�dar, hs directora, offieers, employeas end egents.and eny succeasor9 4o Lender's � _ _ _ _ T_ •
<br /> � interest,from and epainat any end all clauna,damapea,loases end liebifrtios arisinp in wnnaction with tho presence,use,dispos$I or . _ •
<br /> transpoR of mry Hezarduua Meteriats on,under,from or ebout the Property.THE FORELiO1Nd WARRANTIES AND REPR£5EPITATIONS.
<br /> A11I0 TRUSTOR'S OBUGATtOhS PURSUAM TO THE FOREGOINti 1NDEMNITY, SHALL SURVIVE RECONVEYMtCE OF THIS DEED OF �
<br /> TRUST. '. -. . •
<br /> � 10.Asal�ss+ant of Ra�.trustor hereby esaiyna to Lau�der,and yrents Lender a security 's►terest�, all pveear�t,futuro cnd ahov
<br /> risa►p rents,issues�d profits ot the Property;provided thst Truator ehall,untl the occurterece of en Ev�4 of Qafauh hereunda, have , '�''�'"-. `" 3—_
<br /> the riyht to collect and retain sud► rente, issue9 and profrts as they beceme dua end pnYeble. Upon t4ea oca�rtence of en Event of . , , '; ,_
<br /> , � DafeuR.Le�nder may,e'rther in pereon or by egent,with or without brmpus,�eny action or proceed'asp,or by e .eca •ar eppo ded by f �'_ , , s
<br /> court and without reperd to the adequacy of ite sacurity, enter upon and teke posseasion of the Property,or rry paR thereof,e�ite own � . ,,�•
<br /> 1 n�me or in the neme ot the Trustee, end do any acta wfii�it deeme necessary or desirable to preserve the vatue,maricetabif'cty or ,�.-
<br /> rantnb�lity of the Property,ot m�y paR thereof or interest thara�,or to inaeese the mcome therefrom or protect tfie eawriiy heteof and, ,� '�
<br /> � with or without tekmQ posasasion of tho Proparty,sue for or otherwise colleat the rento,issuea end profits thereof,�ctud"eny those pesa � , ` -,•..��;�'
<br /> due and unpaid,by notifyinp tenents to make payments to Lendet. Lender may apply rents,issues end proTrte,les�costs�d expesse9 � . _:':.,��.�•�! '
<br /> of oparstion�d co8action'urotud'e�p attomeys'fees,to�y o�debtedness secured hereby,all in aucfi order aa lertdor may detertnfno.Th� -
<br />, ` entaraiy upon end tnkinfl poasession of tfie Property, the cotlection of such tente, isaue�end pro�ts,and ths�ppliation thx�of es ' ,�� �� _._
<br /> efuraruid,shell not cure o�woive any de'iauft or notice of dafauk hereunder ot invalidate any ect done in reepona� to sucfi defau(t or f • ; ,:M .,; t
<br /> au � , f
<br /> ' purausnt to such notice of defauk and, notwithstend'mp the cont�uance e� possession of the Property or the eolteotior�, rsceipi 6nd F;=�• • . �:'!"��p
<br /> . ' apyfication ot rantn, iaauee or profite, Tntatee end Lender afiall be entitled to exereise avery �ipfit provided for in�ny oi the Lo�n � �:� �``
<br /> i Inatruma�ta or by tew upon occuttenco of any Evant of Cefault,indud'mp without lunitation the ripht to exeraiee the power of sals. � �. �"
<br /> ' t Further,Lendar'a ripfits end remedies under this perepreyP�shell be cumulative with,anA in no way e Iimitstion on,Lender'e dpfite end .�•f � } '� ; .� �,
<br /> � ramsdies under any aasipnment a!lesses and rente rocorded ayauist the Property. Lender,Yruatee an d¢he reaeiver c f►a D be lis b te to }.��`} .
<br /> ,. �;.�
<br /> , account onty for thoso rente ectuafty roceived. � w�� •
<br /> �,<'C�i:.:�
<br /> '� ! 11.Ev�nt�of O�tauit.The followe�p al�ell conartitute nn Event of Defauk under this Ooed of Trust: .'•:t : � �•;.
<br /> � (e)Failure to pey any mstalknent of principel or mtereat of eny othe►eum secured hereby when due;
<br /> (b)A breacfi of or defauh under any provision conteinod in tha [doto,this Oeed of Trust,any of tha Loan Inrrtrumante,or eny � ` �:�.'',, ,
<br /> other lien or ancumbr�ce upon the P►opercY: ' �
<br /> Io)A writ of execution ot ottochment or any simiiar proutsa shofl be ontored epainat Trusto►which ehaQ beumo a G�on ffie • . � "�'-Et . _`
<br /> Property or any poRion thereof or intereat therein; ��`�
<br /> � (d)Thers st►afl be fited by ot apa�st Tniator ar Borcower en eation under eny presant or futuro f�dual,atete o►other st�tu�, law ���:� . �: D�=
<br /> or ropuletion refatinp to bankruptay, inaolvenay or other relief for debtoro;or thero efiall be eppointed eny truatee, racdver or �� �
<br /> • liquidstor of Trustor or 8orrower or of all or any pe►t of the Pro�erty,or the rente,i�sucs or profite thereof,or Trustor or Bonower '• r • . '-
<br /> � �hafl mske any Qonod�nipnment for ths banofR of eradkoro; �!'----
<br /> (�)Th��at�,tnnsfer,Isas�,assipnmant,canveyanco or further encurnbr�ncs of atl oi�ny part of ot any intxeat i�the Properryr, ~�'�� '
<br /> �i.. -
<br /> dtha vohmtuify or invoNmtarily,without ths sxpress written eonsent of Lander,proviAed that Truetor slnll be permitted to exeeute
<br /> . s tssse of th�P►oputy th�t does not aont�in en optfon to purchaae�nd the term ot which does not exc�ed one ye�r, .,;;;'�-'�-
<br /> (f1 Abindonmant of the Praporty:or '`��
<br /> (p) Ii Trustor is not an 'v�CiviBual. the iasuu�ce, aefe,transfor,assignment, convayance or enaumbreno� o}mo►e th� fd�
<br /> corporatbn)e totel of N/A p�rcant of its i�susd and outstandinp atock,or lif a pertnerefiip►e total of N/_ A�Dmcant of .:,,� . � : " -
<br /> pertnarahip tnterasto,or s wnitad liability company)e totat of y � perc�t of the lonitod liability oompny nteseste or va�� _ ..''��"=-■�•�<
<br /> � riyht�Eurinp th�period thi�Deed of Trust ranas�s e lien on th�Pro�pe .r� ��; ��:.��
<br /> • 12.RWn�;AceNa�tlon Upon Od�ll.ln ti�e eveni of eny Eve�t of Detauft L�nder msy,without notiae except n required by lew, '��•�*�� � ;
<br /> ' Gaelare all irtdebtedne�s seaurad hat�by to be Eue and payabts end ths eame sha11 thereupon become dw and peyabb without rty • -- .��...�:.
<br /> presentment,damand,R�ote�t or notice of any kind.Thoroafter Lendat mey: ` ' `'�•�.�R����
<br /> . (e)Oumnd 4hat Trustes exeraiss the POWER OF SALE prented herein, and Trustee ehell theeafta ca�w�Trusto�s intme�t .;.••_:�'AMi�• f��'
<br /> in the Ptoperty to be�old and the proeoeda to be diatributed,ell in the menner provided in the Nobras9c�Trust Deeda Act; ', _ •'• '�
<br /> . (b1 6ceroise eny �d ell riyhte provided for in any o}the Loan Inetnimenta or by taw upon oa��rancs of any Evant of "'�
<br /> a
<br /> ,
<br /> ' Qeteuk:�nd . _-°
<br /> (o)Commence an ection to toreatoee this Deed of Tast es a moRpaae, appoint a rocoivar,or apcciffeally cntosco any of tho
<br /> . �ra�
<br /> � wva�anU hKSOf.
<br /> No remedy herein conferred upon or reserved to Truatee or Lender is mtended to be mcclusive ot any other rwrndy haea�,in ffi�lom • �. - '
<br /> Inatruments or by Isw provided or pertnitted,but each eha11 be cumulstivs,sl�dl be in addition to every other ramedy qiv�hereunQer,in
<br /> th�Lori Instrum�nts or now or h�rNtter existino�t I�w or i�squity or Dy statute,and may be exxoiasd conw�r�try,indspmdwstty o►
<br /> �ucc�ssively►. .
<br /> 18.T/YflN.The Truetes may resipn at eny time withou�t ceuae,and Lender mny at any time and without cauw a;.�omt��uce�uor � � i -.-..
<br /> w wbrtitut�Tastw.TNttN flNll not be lubfe to wiy psrty,inalud'mp without ttmitation Lw�dK,Bortower,Trustor or�ny purcfiasw of •
<br /> the Propsrty, for any bst ot drn�ye untws dus to recld�s�or wilMul mitcon6uat, end ehe(I not bs �equired to take eny action in
<br /> ! connmation wiifi the enforoement o}thls Dead of Truat unlass§�demnified,in writmp,fot eN costa,oo:r.zer:setlon or axpenaes whit:h may
<br /> be eesooi�tad th�rewith.In�ddition,Truatee may bscome e purcfieam et eny eale of the Property ljuRicial or under the power of eah . �
<br /> . qranted herein►;poetpone the eale of ell or any portion ot the Property,ee provided by lew;or eell the Ptoperty ea e wholo,or in eeperete ,
<br /> percefs or lots at Trustee'e diacrotlon.
<br /> 14.F��d Exp�n�.In the event Tru�tee e�lh the Property by enorcise of powm of eele,Truotee ehel!be enNtled to epply eny eete ' .
<br /> proceeds tlret to paymant of afl costs and expeneee of oxereiainp power of sale,includinp ell Truatee'e fees,end lender'a anA Truetee'e � �
<br /> •ttomey's feer,�otually inourred to extait permitted by epplicable law.In ths svent Borrower or Tru�tor exeroise��ny ripfit provkled Ay
<br /> Isw to cure an Event o!Dafauh,Lende►ehdl bs entitled to reoover from Truator all costs and expena»actu�tPy�scurrod aa s result of � �_'
<br /> Trusto►'s defeuk,inctud�np withovt limitstlon dl Trutt�e's and attomey'o fees,to the extsnt permitte4 4y eppGcabb law. � �
<br /> 15.Futu►e AQvancss.Upon raquoat of Borrov�or,Lendor may,at ito optlon,mako nddittonal ond futuro edvencea end roadvanees to '.
<br /> � Borcower.Such advance�and rsadvance�,with 'a�tereat therean,ahell be eecured by this Deed of T►uat. At no time shefl the principat � � ;
<br /> � amount of th�indebtedn�oa occurad by thi9 Dood of Tnist,not inctudinp aumo advancod to protoct tho ocourity oP thia Dood o! Truat. ( _
<br /> . vueeed the otipnd p►ncipsl amonnt etetet!herea►,or 0 :p,pp ,whi c hsvsr is yraafcw. � _:--
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<br /> r�ses�sse wa��vw n..ai v+v.ene . • �
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