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<br /> '_' ' �.� �� At the option of Beneficiary,all or any part of the agreed fces�and charges, accrued interest and principal ecome ., ' .�_t.,�.�• ,
<br /> _ im�iate�y due and payab3e,after giving nodce if required by law,upon the occuaeace of a defa�ilt or anytime thereafter•
<br /> , � � ; In additioa,Beneficiary shall be enritted to all the ranedies provided by law,the Evidenoe of Debt.other evidences of deb2. . , .
<br /> _.� this Deed of Trust and aay related dacuments iacluding without limitation,the Power to sell the Property. -
<br /> -_= If there'ss a default.Tmst�e shall.in addition to any other pernriaed temedy,at the request of the Beneficiary.advertise aad = L -
<br /> - --- -- t m a khota 3r i�� �s'.g�2'�ct?n�m rhe hiehes[ bidder for cash and convey absolute title � � _
<br /> ; selj u►c Pcop�y � ve notice
<br /> • _ ..t ';.: free and clear of aU right.tide and interest of Trustor at such time and placc as Tcvstee designates.Tmsiee shall gi . _.._. ..
<br /> . • � �' of sale including the time, terms and place of sate and a description of the property to be sold as required by the applicable - -
<br /> � - -..—_-j lav►in effect at the time of the proposed sate. `, � .
<br /> ,
<br /> � , : `1 Upoa sale of the propertq and to the extent aot prohibited by law,Tn�stee shall make and deiiver a deed w the Propecty sold , � `
<br /> wIuch coaveys absolute dtte to the pum�aser,and after fust paying all fees.charges aad costs,shaU pay to Beneficiary all . ;. _.
<br /> . . ' moneys advanced for repaus. taaes, ins���. lieas, assessmeau and prior enc�unbr�oes and intcr�t thereon, and the , . .
<br /> , prinoipal and interest on the Secured Deb� Paqing the surplus. if anY,to Trustor. Beneficiazy aaay purchase the Property. �;}.-,.
<br /> • . ' '(�e recitals in any deed of conveyance sha11 be prima facie evidence of the facts set fortii therein. . __ ___
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<br /> ' ' AIl remedies are distinct. cumulative and not exclusive,and the Beneflciary is entitled w all remedies provided at law or : Y.-?`,f.
<br /> . � equity, whether expressly set forth or not. The acceptance by Beneficiary of any s�m in payment or paztial payment on the
<br /> Secuced Debt after the balance is due or is accelerated or after foreclosure proceedings are fited shall noi coascitute a waiver ' �.;,:�
<br /> - of Beneficiar}+'s right w require full and comPlete cure of any exlspng defaalt.By not exercising any remedy on Tn�swr,s ��`.�r�,,�•
<br /> � . � • � default,Beneficiary does aot waive Beneficiary's right to lazer consider the event a default if it continues or happ�s again• ,.��T�=�__
<br />- �`-_.
<br /> 18.E7�ENSES:ADVANCES ON COVENAPiTS; ATTORNEYS'FEES;COLLECTION COSTS.Excepi a+hen pmlu�ited ;.`�,.;
<br />_ � =�•,� by law,Trccstar agrees to pay all of Senefu�atY's expenses if Trastor bteaches any covenaat in Wis Desd of Tnut.Trastor .:.�.���.i;�;,;,.�_
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<br /> aill also pay on detaand all of BeaeSciary's expenses inaured in collectiag,insuring,Prescrving or prote�xing the ProPertY � aa.-_
<br /> �.��'� or in any inventories,audits,insPections or other examination by Beneficiary ia respect to the Property. Trastor agrees to ,: �'`�'_.
<br /> pay all costs and expenses incwred by Beneficiary in enforcing or protecxir►g Beneficiary's rights and remedies under tIus ,___ .
<br /> � � Deed of Tn�st.including,but nnt limited w.auomeys'fces,caurt costs.and other legal expenses.Once the Seca�red Debt is . . ;.".r`:--
<br /> �; � _ , fnlly and finally paid,Beneficiary agrees co release this Dced of Trust an d Tmstor agrees to pay for any rPCOrdatioa costs. _ –
<br /> ' pA yuch amounts aze due on demand and will bear interest from the time of the advance at the inghest rate u►effect•rT°m . .
<br /> time to qme,as provided in the Evidence of Debt and as permitted by law. • _----
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<br /> . . � � 19.ENVQZONMENT�#I.LAWS AND BAZARDOUS SUBSTANCES. As used in this sertion, (1) Environmental Law � '` .. --
<br /> ,..: .. ..
<br /> ' " • means,without limitation.the Comprehensive Environmental Response. Compensation and Liabiliry Act(CERCLA, 42 ,;;�.��a=
<br />-- - U.S.C.9601 et seqJ,all other federal,state and lo c a l laws,r e g u lations,o r d i n a n c e s,c o u rt o r d e r s,a tt o m e y g e n eral o pinions ' 1� -�.•
<br /> � � or interpretive lettezs cancerning the public health, safety, welfare, envirorunent or a hazardous su6stance; and (2) - ;. 'r�'-:
<br /> . ' t "Hazardous Substance" means any toxic, radioaaive ar hazardous material, waste, pollutant or contaminant which has 4;_
<br /> ' ' � characteristics which render the substance daugerous or potentially dangerons to the public health. safety, welfare or . . �••__;�,:•�
<br /> • - environment. The term includes,without limitation. any substances defined as "hazardous material," "toxic substances," ;'..��;
<br /> ' ,� "hazazdous waste" or"hazardous substance"under aay Bnvironmental Law. Trustor represents, warrants and agrees that, ,. , �-.
<br /> , • • except as previously disclosed and acknowledged in writing: � ' '-''-���
<br /> orted,manufactured.ueated,refined,or handted by `°• '�•
<br />-�.; A. No Hazardous 55�bstance has been. is,or wiii be located,transp . '�`:.
<br /> ''_ . � aa y person on,under or about the Property.except in the ordinary course of business and in strict compliance with '
<br /> ;,r, -:
<br /> • � • all applicable Environmentall.aw• � _ • .�,•
<br /> B. Trustor has not and will not cause,conuibute to,ar pem�it the release of any Hazardous Substance on the Properry. ,
<br /> C. Trustor will immediately notify Beneficiary if(1)a release or threatened release of Hazardons S�bstance occurs on,
<br /> ' ' � under or about the Pcoperty or migrates or threatens to migate from nearby property;or(2)there is a violarion of ;
<br /> � ' any Environmental Law conccmin�the Properry.In such an even�Truswr will take all necessary remedial actioa ia
<br /> accordaace with Eavironmental Law. . . . . .
<br /> •• � D. Trustor has no knowledge of or reason to believe there is any pending or threatened investigation, claim, or
<br /> . ' proceeding of any kind relating to(1)any Hazardous Substance located on,unrter or about the Property:or(2)any �
<br /> � violation by Trustor or any tenant of any Environmental Law•Trustor will immediately notify Beneficiary in writing _ ,
<br /> ' as soon as Trustor has reason to believe there is any such pending or threatened investigation,claim.or proceeding. .
<br /> - ln such an event.Beneficiary has the right.but not the obligauon.to participate in any such proceeding including the _ . �_
<br /> ',. ri�ht to receive copies of any documents relating to such proceedings.
<br /> E. Trustor and every tenant have been,are and shall remain in full wmpliance with any applicable Env'uonmental law• ' �:;.
<br /> F. There aze no undergraund storage tanks.private dumps or open wells located on or under the Property and no such
<br /> tank,dump or well will be added unless Beneficiary first wnsents in writing. ,
<br /> � � G. Trustor will regularly inspect the Property, monitor the activities and operations on the Property,and confitm that . _ _,_..
<br /> . all permits. licenses or approvals required by any applicable Environmental Law are obtained and wmplied with.
<br /> � � : • H. Trustor will pernrit, or cause any tenant to permit, Beneficiary or Beneficiary's agent to enter and insperd the
<br />' : ' Property and review all rccords at any reasonable time to determine(1) the existence. locatlon and nature of any . •
<br /> Hazardous Substance on, under or about the Property: (2) the existence, location, nature, and magnittide of any
<br /> � Hazardous Substance that has been released on,under or about the Property:or(3)whether or not Trustor and any •
<br /> . tenant are in compliance with applicable Environmental Law. i � • '
<br /> ,� � l. Upon Beneficiary's request and at any time. Ttustor agrees, at Trustor's expense, to engage a qualified :
<br /> � �• environmental engineer to prepare an e.•nvironmental audit of the Property and to submit the results of such audit to �
<br /> • Beneticiary. 'Ihe choice of the environmental engineer who �viU perform such audit is subject to Beneficiary's � .
<br /> �• approval. � . •
<br /> � 1. Beneficiary has the right, but not the obligation, to perform any of Tmstor's obli�ations under this section at �
<br /> `' Trustor's expense. �
<br /> K. As a wnsequente af�u►y hreach of any representation, warranty or promise made in this sectian. (1)Trustor will � .
<br /> . indemnify and hold Beneficiary and Beneficiary's suu;essors or assigns hamiless from and against all losses,elaitns,
<br /> – demands, liabilities, damagec, rleanup, respoose and remediation costs. penalties and expenses,inc lu ding without t . . .
<br /> : ' ' limitation all costs of litigation anJ attorneys' fees, which Beneficiary and Beneficiary's suuessors or assigns may �•
<br /> ' sustain; and (2) at BeneficiFVy's discretion. Beneficiary may release this Deed of Tnist and in return Trustor will {,
<br /> � .. � � provide Beneficiary �vith collateral of at Ieast eqaal value to the �roperiy secured by this Dc�ed of Trust withaut �
<br /> prejudice to any of Beneficiary's rights under this Deed of Trust. "
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