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97102317
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Last modified
3/11/2012 6:43:15 PM
Creation date
10/19/2005 5:33:45 PM
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DEEDS
Inst Number
97102317
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__-�.�_��___... . ...,_.. . . ... . . . . _ _..... . . ...... _ .. . ' . . . . . . . �:_.._.�._ ' r. ... <br /> , ` + �7'� �..�ilaa$�'� �_ _--_-- —- �_.'i�;�. <br /> � , . <br /> • � "Proceeds7 in connecGOn with condemnation or other taking of the Property or part thareof,or for convayance in lieu oi condemnaGon. T '_ <br /> ; 5 Lender shail be entitled at its option to commence,appear in and prosecute in its o+rm nama any action or proceedings,and shalt also � � ,- <br /> be enGt�ed to make any compromise or settlement in connecUOn with such taking or damage.in Ihe event any portion of the Property�.s -�'r ,,- <br /> ' so taken or damaged, Lender shall have the option in its sole and absoiute discretion, to apply aIt such pmceeds, after deducting ' . 'ti- <br /> j th�refrom all costs and expenses incurred by it in connection with such Proceeds,upon any indebtedness secured hereby and m such , <br /> , arder as Lender may determine,or to apply all such Proceeds,after such deductions,to the restoration of the Properry upo�such con- , - <br /> ditions as Lender may determine.My appliqtion of Proceeds to�ndebiedness shall not exiend or postpone the due date of any pay- , ,�� <br /> ments undet the Note,or cure any default thereunder or hereunder.My unapptied iunds shafl be pa�d to Trustor. . � <br /> 8.Perfortnance by Lender. Upon the occu�nce of an Event of Qefault hereunder.or if any act is�aken or legal proceeding ' � � - ° <br /> commenced which matenally affe�s Lenders interest in the ProRerty.Lender may m its own discretion,but vnthout obtigaGOn to do so, - +� <br /> and without notice to or demand upan Trustor and without releasing Trustor from any obligation,do any act which Trustor has agreed .� � � <br /> _ : but failed to do and may also do any other act it desms necessary to protect tha security hereof. Trustor shall, immediately upon � • ,'?�;' <br /> __ 6emand the�efor by Lender,pay to Lender al1 costs and expenses incu►red and sums ezpended by Lender in connection with the exer- _ _ _ . _ . , -- <br /> � cise by Lende�of the foregoing rights,together with interest ther�eon at the default rate provided m the Note,which shall be added to � �, <br /> the indebtedness secured hereby.Lender shall not incur any liability bequse of anything it may do or omit to do hereunder. _ � � <br /> , , j 9. Nazardcus Materials.Trustor shall keep the Property in compliance with atl applicable laws,ordinances and regula6ons ` . <br /> r� • <br /> - t; �:�4r.g t�»�dssstria!hygiene os envlronsncatat pratsdian{cotlacuvaty r�tarred to herein as'Env+ro��nentai Laws'}.Trustor shali keep <<:-'===s-= <br />
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