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<br /> At tAe aptEon of Beneficiary, all ot any part of the agreul fee,c and c6arges, acrrued interest and priacipal shail become � . � 7�_:''�=
<br /> immediately due aad payabIs,after�iving notice if requ'ueci by ta�:,upoa the occvaeuce of a default or anytune thuc:afcer. I �
<br /> In additloa,BQZeefzeiary shall be endtied to aU the remedies provided by taw,the Evidence af Debt,other ectdenees of debc, ; #i—
<br /> this Deed of Tnut and any rdatul dvc,wnents Including without limitation,the pomer to sell the Prajserty. � �.._�•
<br /> If there is a defaut[,Trus«shall,in add4cton co any other permitted remedy,ac che request of�he Beneficiary.advcrrise and � � � • .
<br /> seU the Property as a whole or in separat�parcels at publtc auction to the highest lsidder for cash and convey abaolute tide � _.
<br /> � fraa and clear of a31 right,title and tnterest af Tnistor at such time and place as Trust�designases.Trustee shall give notice f, • • _ ��
<br /> of sale includlQg the time,[erms and place of sale and a descripuon of the pr�per[y to be sold as required by the appli�able . ��� "-'
<br /> + law in effect at the cime of the pm�wsed sale_ ` '
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<br /> a Upon sate of the prop�rcy acsd to[he�teat not prohibited by law.Tnutee shall make and deliver a deed eo�he ProQecry sold `
<br /> � which oonveys absoluce utle co the puccbaser,and after fust payiag all fees,charges and eosts,shall pay co SeatfiCiary ali ; •
<br /> ., moneys advaneed for �epairs, taxes, insurance. llens, assessmen[s and prior encumbiances and fnterese thereon. and �hc � -
<br /> •i principal and incerest oA the Secured Debt, paying the su:ptus,if any,to Tiustor. BeacRciary may purcl�ase the Praperty. ; � • _
<br /> � The iecitals In any deed of conveyance shall be prima facie evidence of the facu se[forth thaein.
<br /> i All resnedies are disciaa.cumulative and not exciusl�e, and th2 BeneGciary i.a erttided to all temedies providal at lau or ' � . � .� =�+�= �� '
<br /> eguiry.whether�pressiy sec fonh or not.The aceeptance by Beneficiary of any sum in payment or p.vtial paymrnt on Uic r '� " •'
<br /> Secured Debt after the balance ic due or is accelerated or after foreclosure proa�edings are filed shall n�t amscitute a wai�er � ' ' .�3
<br /> of$eneficiary's right to requue full and complete cure of any existing defau?t. By not exercising any remedy on Tmsror's r . .i�t�
<br /> default,Beneficiary does not u-aive Benefisiary's right to later consider[he event a default if i[continues or happens again. ( ' . .
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<br /> � 18.EXPENSES;ADVANCES ON COVENANTS;A'ITORNEYS'FEES;COLI.ECfION COSI'3.Except when pmhibiced � • �=_�"�`-�'
<br /> � by law,Tnistor agrees so pay all of Beueficiary's acpeASes if Trustor breat�hts ariy wveaant in this Deed of Trust.Truscor ; �, �• � _ _
<br /> ; will also pay an de�nand all of BeneSclsup's expenses inenrred in colleccing.insuring.presming ar protectjng[he Propeny � ,�,.�.`
<br /> •,� or in any inveneories, audits,inspec2ioas or ocher examina6on by Benef�ciary in resgea cfl ihe Propeccy.Tcustor agrees�o . • �;
<br /> ' Pay all costs and c�cpeases incuned by Beaeflciary in enforcing er proteUipg Benefteiary's tights and remedies under this �, , . r ''.'' "'
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<br /> Dced of'[Yns�,includia�,but not lira�ced to.attoraeys'foes,court costs,and o[her legat expeases.Oace the Se�vred Debt is . - •-
<br /> fully and flnally paid. Beneficiary ag[ees to ie�ease this Deed of Tnut and Tn�sWr agrees to pay for any recordatiea wsts. +r �
<br />• All sach amounts are due an demand and will bear usteresc from the tane of ihe aJvan��ac the highesc rate in effeci,trom . � "' '` �'
<br /> h , k p;� `,
<br /> ' time to time.as provided ia�he Hvidence of Debt and as permined by law. __ ..s�.:; ''�':.:.,_
<br /> 19.ENVIRONI�NTAL LAWS AND HAZARDOUS SUHSI'ANCF•S• As used in tbis sec[ion, (1) "Environmental Law' ..���� � � �?
<br /> •Er � .. :
<br /> the Co reheasive Environmental �Ie nse. Campensatlon and Liablliry Act (CHRCLA, 42 T�.'�: : ,s_
<br /> means, without limitation. mp � .., �
<br /> U.S.C.9b01 et sdqJ.all other federal,state and local laws,rcgulatioas,ordinances.caurc orders,ac�omey general op�nions , , � ��
<br /> or interprecive letters concerain$ the publie heaIth, safety, welfaze. emIronmrnt or a hazaMoos substsace; and (2) _
<br /> 'Hrrardous Snbstance means auy toxic, cadioactive or hazardous material. wasce, pollutant or contaminan[ whirh has .. ''; i � f
<br /> =1 h
<br /> characteristics which tender the substance daagemus or pottntiaUy dangcrous tn the public healtlt. safery. wdfare or ___ __ _ ''� '
<br /> environmenc. The tesm ineludes, wirhout limitation. any subseances defineA as "hazardous ma�erial." °toxic subscance.c.' .;e ,..�,
<br /> "ha�rdous waste" or 'hazardous substanoe'undec any Ei►�ironmental Law. Tnutor represents. wacrants and a�rees that, • ' � .;�i��'
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<br /> ;, exccpt as previovsly disclosed and acknowledgal in writing: � �", �`.���'�
<br /> A. No Hazardous Subscance has been.ts.or will be loeated,cransported,manufactured, c�eated.retined,or hnndled by �. ?f 1 � ���
<br /> � - any pcxson on,under or about the Property,eacept ia rhe ordinary coucse of business and in strict compliaace wiU, '''''" :'''��:�'m'
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<br /> .; all appltcable Environmental l.aw. :'..: � �
<br /> B. Trustor has no�and will not cause.wntdbure to.or pecrnit the release of any Hvardous Substaace on ihe Pcape�ry. ,, .�.
<br /> � i C. Tnutar will irmnadiately notify Benefleiary if(1)a retr.aae or th:eatenrd release of Aazardovs Suhstance oewrs on. , ��';:..'_
<br /> ' { undec ot about the Ptapaty or migrrtes or tbceatens to migrate fcam nearby property:or(2)there ls a violaqon of _ . � ., �:�:_
<br /> �x any Envfronmeatal Law conceming the Propeny.ln sucts an e�enc,Trusior will take all aeoessary remedlal actton in
<br /> � : aeeordanee with Envimnmeutal Law. . .�-•:�"`�••�'. �
<br /> � D. Tcnstor has no knowledge of or reason to believe there is any pen�u►g or threatened invesdgat�on, cle�m. or � '"��`�'�'° -=--
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<br /> 1 proceeding of any kind relating to(l)any Hazardous Slibstanc�located on,under or about the Prope[ty;ot iZ)�Y . �°�_ _
<br /> viola[loa by Tnutor or any tenant of any Bnvimnmental Law.Tcustor wifl immediately notify Benetleltuy in a►riting ,� �
<br /> as soon as Truscor l�as reasoa to believe there is any such pend�ng or threatenW investigation,claim.or prouediug. � ' � ',�,�.
<br /> In such an rvent,Beneiieiary has the rieht,but not tlie obligation,to participate in any such proceeding iuctuding�he .
<br />� right to receive copfea of aay documcau celatiug to sucb proceedfngs. ' . �
<br /> � E. Tcustor and every tenant have been,are and shall remafa in full compliance.vi�any applicable Environmental I.aw.
<br /> F. 'Ihere are no underground scorage tanks.prlvate dumps or open weils locaced on or under the Property and no such ' ' �_
<br /> tank,dump or well will be added ualass Beneftctary first wnssau in writing. .. , . _-
<br /> G. Trustor wip regularly inspat the Propetty. monitor the activit;ts ar.d aperadons on the Property. and coafum that , . . . � ` .��
<br /> all permits,lioenses or approvals requiral by any appticable Bnv;ronmeatat Laa+are obtained and cotnpliod w1th. ' • ---
<br /> � 1 H. 'liustor will permit, or cause aay tenaat to permit, Benefici�ry or Beneficiary's agent to enter and inspeet t1�e . , � ��=�.
<br /> � Property and review al1 records ac any reasonable tima to detem►ine (1) the e�sistenue, location and nature of any
<br /> Hazardous Substanee on, under or about the Propecty; (�)the existence, locatton, uamre, and magnitude of any "'��
<br /> Harardons Substance that has beert released on.under or about the Property:or (3)wlsether or not Trustor and any • .
<br /> ' tenant are in compliance with applicable Environmmen�al Law. � • �
<br /> i. UQon Beneficiary's reT�est and at any time, Tnucar agre�s. ac Trus�.oi s expease, to engage a quallfteA � _ . �',
<br /> envirunsncntal engineer to prepaze an cnvironmental audit of the Propercy aad to submit the result4 of such audit to � , ,
<br /> Benef�ciary. Tl�e choice of die environmental engineer who will perform such audit is subjeet to RenefIeiary's • . ,
<br /> apptoval. .
<br /> J. Beneficlary has the right, but not the obligation, to Qedorm any of Tmstor's obligations under this sectlon at �_
<br /> � Ttustor's expense. � �
<br /> K. As a cos�sequence oi any breach of any representation, warranry or promise made itt this section, p)Trustor witl f . ' �' ,
<br /> � bidemaify and hold Beneficiary and Beneflclary's successora or asslg�is humless from wd againsi all losses,dain�s, � . .
<br /> demands. lfabilities. dunages,ci�anup, responae and remediarion wsts, pes�atpes and eaprnses, including widiout , F1 -
<br /> , limitation all costs o!litigation an�attomeys' fees,which Beneficiary and Beneficiary's suecessors or asaigns may ��.
<br /> I sus�ain: and (2) ac Beneficiary's discretion, Benefic�ary may release�his Deed of Tn�st and in return Trustor r+iil � �
<br /> { provide Beneficiary with collateral of at least equa) value to the Property secnred by this Deed of 7rust�vithout
<br /> � prejudice to utv of Beneflciary's rig]tts under this Deed of Trost. . , _ .
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