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<br />: �� 'Proceeds')in connection with wndemnation or other taking of the Property or part thereof,or tor c:onveyance in tisu of condemnation. ' �
<br /> ` Lender shall be en6ttad at'rts opUon to cammertco,appear in and prosecute in its own nama any action or prooeedings,and shall also � , , ` �'r-
<br /> ba entitled to make any compromise or settiement in oonnection with such taking or damage.in the evenY any portion of the Properry is �� , t ,. , '
<br /> so tahen or damaged, Lender shatl hava the op�on in its sate and absotute discretion, to appty ail suc(n procQeds, after deductiog ' ' � � r:;.
<br /> ' theretrom all oosts and expenses incurred by it in connection with such Procesds,upon any indebtedness sscured hereby and in such � � -
<br /> , order as Lender may determine,or to apply all such Proceeds,after such deducbons,to the restoration of the Praperty upon such con- � . ' ..:.r�
<br /> Qilions as LanQer may deienTjine.Any appficaGon of Proceeds to indebtedness shaii not extend or postpons the due date of ar.y pay- ,�- -- � � � --
<br /> meets urtder the Note,or cure any deFault thereunder or hsreundec Any unapplied funds shall bs paid to Trustor. . .. �—
<br /> 8.Performance by Lender. Upon the occurrence af an Event of Defautt hereunder,or if any act is taken or legal prooeedmg ` •--
<br /> . , commenced which materiatly aftects Lenders interest in the Properly.Lender may in its own discretion,but without obligation to do so, � '�`-'
<br /> and without noGce to or demand upon TrusUor and without re�easing Tnistor from any obligation,do any act which Tnutor has agreed T.
<br /> _' but failed to do and may aiso do any other act it deems nac�ssary to protect the security hereof.Trustor shall, immediately upon �. }p.,
<br /> - damand therefor 6y Lender,pay to Lender aii costs and expenses incutted and sums expended by Lender in connection vrith the exer- - ------ -- � Y
<br /> ase by Lendar of the foregoing rights,together with interest theseon at the defauit rate provided in the iVote,which shail be added tfl ` '
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<br /> . the indebtedness secured hereby.Lender shall not inCUr any liabitity hecause of any[hing it may do or omit to do hereunder. ' ' •
<br /> 9. Hazardous Materlafs.Trustor shall keep the Property in complianoe with all applipbte laws, ordinances and regulations , • - f
<br /> - • retating ro indushial hygiene or environmental protecGon(coltectively ref+emed to herein as'Environmental Laws�.Trustor shali keep . , ..� , �`
<br /> ' the Propetty frea from ati substances deemed to be hazardous or toxic under any Environmental Laws(coltectivery referred to hereln . � � . � t
<br /> as'Mazardous Materials7.Trustor hereby wartants and represenis tn Lender that there are no Hazardous Materials on or under the • � __=_— •
<br /> Property.Trustor hereby agrees to indemnify and ho{d hartnless Lender,its directors,officers,emptoyees and agents,and any succes- � �"".-- `� -
<br /> ,• sors to Lender's interest,from and against any and alt Gaims,damages,Iosses and liabilities ansing in connection with the presence, . � ' . ��°�'""'''�
<br /> use,disposal or transpoR of any Hazardous Materials on, under,from or about the Property. THE FOREGOING WARRANTIES AND ' ,•- ;;�:,;
<br /> . REPRESENTATIONS,AND TRUSTOR'S OBLIGATIONS PURSUANT TO THE FOREGOING INDEMNITY,SHALL SURVIVE . • _ _ --_—
<br /> �' RECONVEYANCE OF THIS QEED OF 1RUST. .. -`;. ,;,,�_�_,�?_.•
<br /> 10.Ass[gnmeM cf Rents.Trustor hereby assigns to Lender,and grants Lender a security interest in,afl present,future and .:i,�`�` 'r�
<br /> '- after arising rents,issues and profits of the Property;provided that Trustor shall,un61 the occurrence of an Event oi Default,hareunder, � i �"��• �-�°
<br /> - have the right to ColleCt and refaln such rents,Issues and profifs as they become due and payabte.Upon the occurrence of an Event of • �� �� �
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<br /> ' Qefault,Lender may,either in person or by agent,with or without bringing any action or proceeding,or by a receiver appotnted by a �=-�""-
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