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<br /> •1 At the option of B�e&aaty,all or any part of the agreed fces and cLarges, accrued interest and principal shall become �. , ''s.:;
<br /> ' `� • � i�diately due and payable,after gi�ring notice if requir�d by law.upon the acxvmence of a default or anytime theteafter. ` �. `:y ;
<br /> .� In addivan,geneficiary shall 6e eatided to all the remedies provided Dy law.the EviBence of Debt.other evidences af debt, �:. ��. - � , �
<br /> � • � this Deed of Tzust and any related documents including without limitation.the power to sell the Property.
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<br /> .. � , If there is a defanit,Tnutee shall.in addition w any other permiued remsdy.at the request of t�e Beneficiary.advertise and �����.� `.`
<br /> ` ` � : .+ sell the property as a whole or in separate pa�els at Public aucHoa to tls�tugbest biddet for cash and wnvey absolute dtle `';�,��e4: . .•.>z- :
<br /> ` ' � �• free and ctear of all right,title and interest of Trustor at such time and place as Trustee designates.Trustee shall give notice �,o
<br /> �- of sale including the time,tenms and place of sale and a descciption of the property to be sold as required by the applicable ,
<br /> . .- � " law in effect ai the time of the proposed sale. -�- ` :
<br />_ — -,_� .—=- -' ,.: .
<br /> Upon sale of the pmperty and to ihe extent aot prolnbited by law,Tmstee sha11 make and deliver a dced w the Property sold � �':.� :
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<br /> � which conveys absolute dtte to the purchaser,and after fitst paying all fees,charges and cosis,shall pay to Beneficiary all � \• .
<br /> _ , � � moneys advanced for repairs,taxes, insvrance, liens, asssssments,and prior encambrances and interest theteon, and the _ y.. .�;.'.�.�'-�-
<br /> � . - principal and inte�est on the Sectued Deb�PaYinS the surplus.if anp.to Tnuwr.EeneficiarY�N P�e the ProP�Y- ,
<br /> , � '[he recitals in any deed of conveyance shall be prima facie evidence of the facts set forth thereia. ';• �
<br /> pll remedies are distinct,cumniarive and not exclusive,and the Benefrciary is entitled to all remedies provided at law or ' ":u.•`:.-.
<br />- � � s tance b Ben�eficiary of an sum in a t or artial a ent on the , '; ``:.
<br /> equity•whether eapressly set forth or not.The a�cep Y Y P 3'm� P P Y� o�, •
<br /> ' S�Debt after the batance is due or is acceterated or after foreclosure pruceedin&s are filed shall not constitute a waiver _�y �
<br /> � • . of Benefieiary's right to require fu11 and comPlete cure of any existing default.By no t e x e r c i s i ng a ay r�n e dY o n T c u s t o r's '{�.. `
<br /> • � d e f a u l t,Bene fi c i a ry aoes not waive Ben�•fici•ry's rigt*.to later con4ider the event a default if it coatimtes or happens again. �� .
<br /> i ` ���•' 18.ERPENSES;ADVANCES ON COVENANTS;ATTORNEYS'FELs•S;COLLECTION COSTS.Faccept when pxohibited ;��
<br /> by law,Tn�swr agrces w pay all of BeneSciary's eapenses if Tmswr breaches any covenaat in tbis Deed of Tmst.Tmstor , �� .. .._.
<br />_ . .. will also pay on demand all of Heneficiary's expeoses incutred in collecting,insuting,PmservinS or protecting the PraPertY
<br /> or in any inventories, audits,insPec�ions or other eaaminadon by Beneficiary ia respect ro the Property. Trustor agrees to ��
<br /> . , pay all costs aud expenses incurred by Beaeftciary ia eaforcing or pro�earng Beneficiary's righu and remedies under this ..��f.�.-�.-,_-=-- ��-�
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<br /> � Dced of Trnst,including,but not limited to,attomeys'fees,court aosts,and oiher legal expenses.Once the Secured Debt is =-_----
<br /> fully and finally paid, Beneficiary agrees to release ttus Deed of Trust and Tmstor agrees to pay for any recordation casts• ",'
<br /> ' ' _ All such amou�s are dne on demand and will bear interest from the time of the advance at the highest rate in effect,from ,.;:. .'_ =—,-.-
<br /> time to time,as provided in the Evidence of Debt and as permiued by law. . �`; `.�y�.--
<br /> :� �
<br /> � 19.ENVIItON11+�NTAL LAWS AND AAZARDOUS SiJB.STANCES. As used in this section, (I) "Eavironmental Law" - - _ -
<br /> ` means, without liaritation, the Comprehensive Enviro�ental Response,Compensation and Liability Act (CERCLA, 42 ��`.:��`�'.----
<br /> U.S.C.9601 et seq.),all other federal.state aad local laws,regulations,ordinaaces.court ordecs,attomey general opinions m-
<br /> ' or interprerive letters conceming the public health. safery, welfare, eavironment or a ha7ardous substance; and (2? . _=T-
<br /> "Hazardous Substance" means any taxic. radioacrive or hazar dons ma t e ri a l. w a s t e, p o i lutant or wntaminant which has . �.' '�.;_
<br /> • characteristics which render tha substance dangerous or potentially dangerous to thc public health, safety, welfare or ,:�•• ::,'
<br /> - ; eavironment. The term iacludes. without timitarion, any substances defined as "hazardous maierial." "to�cic substances," , • ���•,
<br /> -- "ha7ardous waste" or "hazardous substauce"a�der any Environmental Law. Trustor represents,warrauts aud agrees that, , . ��.-���'��
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<br /> ' except as previously disclosed and acknowledged in writin8. �. � ""
<br /> A. No Hazardous SS�bstance has been, is,or will be located.transported,manufactured.ueated,tefined,or handled by •,i:�'�'
<br /> ` � any peison on,under or about the Property, except in the ordinary course of business and ia strict compliance v++ith � _'• �
<br /> all appticable Environmentall.aw. .. .
<br /> ' B. Trustor has not and will not cause,contribute to.or permit the release of any Hazardous Substaace on the Property. •
<br /> �,` ' C: Trustor will immediately notify Beneftciary if(1)a release or threatened release of Hazardous Substancc occu:s on, , .
<br /> under or a6ont the Property or migates or threatens to migrate from neazby property;or(2)there is a violadon of
<br /> any Environmental Law conceming the Property.In such an event,Trustor wilt take all necessary remedial action in ' �_
<br /> accordnnce witb Environmental Law. . .. .
<br /> D. Trustor has no knowledge of or reason to believe there is any pending or threateaed investigation, claim, or .
<br /> � proceeding of any kind relating to(1)any Hazardous Substance located on, under or about the Property;or(2)any � '.
<br /> _ ' violation by Trustor or any tenant of any Eavironmental Law.Trustor will inunediately notify Beneficiary ia writing . • ��, .
<br /> � as soon as Trusror has reason to believe there is any such pending or threatened investigatioa,claim,or proceeding. .
<br /> ln such an event,Beneficiary has the ri�ht,but not the obligation.to participate ia any such proceeding including the . ,
<br /> right to receive wpies of any documents relating to such proceedings. • .' ' ,
<br /> . � E. Trustor and every tenant have been.are and shall remain in full compliance with any applicable Environmental Law. .
<br /> • F. There are no underground storage tanks.private dumps or open wells locatecl on or under the Property and no such .
<br /> tank.dump or well wi11 be added unless Beneficiary first consents in writing. • .
<br /> • G. Trustor will regularly inspect the Properry, monitor the activities and operations on ttte Property, and confirm that
<br /> • al�permits.l}censes or approvals requiretl by any applicable Environmental Law aze obtained and complied with. ' .
<br /> .�� H. Trustor will permit. or cause any tenant to pemnt, Beneficiary or Beneficiary's agent to enter and inspect the :
<br /> , ' Property and review all reco:ds at any teasonable time to determine(1) the existence, location and natwe of any . � �
<br /> ' Ha7ardous Substance on, under or about the Property; (2)the existence, location, namre. and magnitude of any .
<br /> � Hazardous 5ubstance that has bcen rcleased on.under or about the Property:or(3)whether or not Trustor and any • ,
<br /> ' ` tenant are in wmpliance with applicable�nvirorunental Law. '
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<br /> 1. Upon Beneficiary's request and at any time. Trnstor agrees, at Trustor's expensc:. to engage a qualifed . , �
<br /> " environmental engincer to prepare an environmental audit of the Property and to submit the results of such audit to _
<br /> •.� �
<br /> : � Beneficiary. The choice of the environmental engineer who �vill perform such audit is subject to beneficiary's i
<br /> ( �PProval. �
<br /> � J. Beneficiary has thc right, but not the obligation, to perform any of Trustor's obligations under this section at
<br /> � Trustor's expense. • •
<br /> K. As a wnsequence of any breach of any representation. warranty or promise made in this section.(1) Trustor will
<br /> •.� � indemnify and hold Beneficiary and Beneficiary's suceessors or assigns harmless from and against�ll losses,claims.
<br /> . demands. liabilities.da�nagcs, cleanup, response and remediation wsts, penalties and expenses, includin��vithout
<br />- limitatioii all wsts of litigation arid attomeys' fees, which$eneficiary and Beneficiary's successors or assigns may ,
<br /> �� sustain: and (2) at Beneficiary's discretion, Beneficiary may release this Qeed of Trust and in retum Trustor ��ill . ..
<br /> � provide Beneficiary with collateral of at ]east eyual valuc to the Property secured by ihis Deed of Trust without
<br /> prejudice to any of Beneficiary's rights under this Uecd nt'Trust. . ,
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