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<br /> by owner'&end operators oi almllar prope��:fo�an� os Benoticlury may requlro for ito protoctlon. �r�stor will comnty ` _��-
<br /> _ � .�—_ ._ .i«... .... os }nr tha nmtar.tlnn hv lna��!wncA o} the --- .-- —
<br /> w(th suct� otnar requiremvn[a �� ae�aiiciery may iru�n �n��o �� .����� ��•,��••• •-• -• • .- - � �'-"
<br /> fi�ta�ssi of the re��e�t±ve n!+rtlaa. All Insursnce poll�las ma(ntnined p��rsuant to this Daed of Truet shall nr�mo Tru�tor � �._.
<br /> and �eneficiary as Insured, as thafr respectiv� interdst may appear and provide thet tE�aro shall b�no canceilc�ti�yn or ` ,
<br /> 1 modification without fifteen (161 days prior w�itten notificatlon to Trusteo end Eeneflciery. IN tho evont any pollr,y � • •
<br /> � hereunder Is not ronewed on or botore f!fteen(15)deye prior to Its explration deteP Trustee or Benefl�;lary may pracure ;
<br /> j such Ineurance In �ccordence with the provlslana of F'aragrepi► 7, Trustor shalt ciolivor to R�nofir.lary tho orl�fi�Al i • ._
<br /> • pollclea of Ineurenca and rAnewele thereof or copi�s of such potfclea end renewele thereof. Fallur;+to furnieh such ;
<br /> � tneurence by Trustor, �r ranov�sls es required horeunder,sh�ll, tat the opeion af k3�naffclery, c�nRtituta a defauit. All i . ._
<br /> � unoarned premium�eie heraby a�slgned to Truetee ns eddltiane! securlty, end e salo a�d convoyer�co of the P�o�erty l.
<br /> � by the Truetee shell operate to convey to the purcheser the Trustor's Interast In ond to ell polfcles of lnsu��nea ugon e
<br /> � the Trust Proporty. ' :� .. "
<br /> � 6. 7sxea and As�te�sm4nta. Truotor ahall pr�y all texos anc� sp�acial assessments loviod or essesned t�gsin9t,or `,�;; ,
<br /> ,'j.3+.;
<br /> ° due upon,the Property bofarr�dollnqi�oncy and will del(vor ta Bane}ic9ary copios of recelpts showing peyniant ot such . i��,�':L.
<br /> texes end special a�sessrn�nts. `!�"�''�
<br /> 8. Additlonal Llena� 7ruotor sh411 moke all paymonts of interast and principel, and paymonts of any other chargea, , •:,`,Y__
<br /> fees, end oxpense9 contrected to bo paid to any existing lien holders or prior beneficlerlos undar any prlor Qeed of � ,��:
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<br /> ' Trust, Mortgage or other securlty epreemant, before tho date they are delinquent and to pay any other clAfm which ,,,..:,-� --
<br /> " Joo{�srdizos the security gr�nted horein. °_`_�":,;---_-
<br /> 1 7. Pro4�ction of Qennfiatery'o Seaue[ty. Shauld Trustor feil to make any payment, fail to da any acY as herein ;,,�.,;;_
<br /> ' I provided or if eny action or proceedinp Is commonced which materielly eifects Beneficfery's Intvrest in the Property, d�`�=_
<br /> , ,, I includin�, but no limeted to, ominont domain. insolvency, arrangements or proceadings irovolving e bankrupt ar ��yl�_
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<br /> • � deceden4.then Beneficiery or Truatee,but without obligatfon to do so,end without no�ico to or demand upon Tr1�stor, �',.�
<br /> ,. i and without retoasin� Trustor from any obligation hereunder, mey make or do the seme, end may pay, purchaue, vr; ;�,:.�.
<br /> • : contest or compromise andy encumbrance, charge or lien, which In the Judgement of eithor appoers to effect ssid • ��� .
<br /> � j' Property;in exercising any such pawers,the Bansficiery ar Trustee may incur a Ila�ility and expend whatever amounts, '
<br /> r�;s^� , including disbvrsements of reasonable attorney's fees, which in t he lr e bso lu te d iscre ti o n m e y b o n e c e s s e r y. I n t h o
<br /> rt{��,r,,, event that Trustor shell feil to prucuro insurance, fail to pey taxes and special es�essmonts or fail to m�ko eny ,••� r,
<br /> �?'';�:, payments to existfng or prior lien hoitlers or beneficfaries,the Beneficiary mey procure auah insurance ond mrake su�h (,. .�,,', ,r.�:
<br /> _____.__.^i-1'..� �Aysr,Rnts. All sums incurred or expended by Beneficiery or Trustee in eccordence wit6+tha proviolons of tho Daed of �,.: :j1;}:,
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<br />_,, Trust ere secured hereby and,without demend,shall ba immediately �ue ano payebie ioy Trusior an�o snn an�����arost �. .,
<br /> et 4he rate pravided for Adv�ances under the Loan Agreamant;provided,however, thet at tho optio�of the Beneffciery �
<br /> or Trustee, suoh sums mey be edded to thfs principal balence of eny indebtedness secured horoby and shall looer the r; , ,,..-
<br /> r same interest as such Indebtednose and shall be payable ratebl��over the remalning rarm thoraof. ;�-,,
<br /> '`� 8. Aasignmsnt of Rent�. Benefl�lary shell have tho righ3,pawer and authority during the coniinuanco of this�eod ,,E; >�
<br /> �
<br /> '•° of Trust to collect the rents, issuos and profits of the Proporty and of any personal proporty locot�d thoreon with or
<br /> � , without taking possesslon of the Property affeoted hereby, end Trustor hereby ebsolutely and uncondit+�nally assigns �
<br /> ell such rents,issues and profits to Beneficiery. Beneficiery,however,hereby consenta to tho Trustor's collsction and
<br /> �%i retention of such rents,issuos end prafits as they eccrue and become payable so long os Trustor is not,at such timff,
<br /> " in default with respect to peyment of any indebtodness secured hereby or in the performan�o of eny agreemant _�
<br /> �F�r hereunder. Upon eny such defeult, Beneficiery may et any time, either In person, by agent or by a roceiver to be `�r�
<br />..,.
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<br />:.,� , eppofnted by e court,without notice and withoui regerd to the adequecy of any security for thd irtalebiedness heroby --–
<br /> secured: (a1 enter upon and take possession ot the Property or eny part thereof and in Its ow►� namo sus for or
<br /> },•:,'�;;� I otherwise collect such rents,Issues and profito, including those pest due and unpsid,an apRly tho sama, less coats ---�- –_
<br /> � :;> J end expenses of operation end collection, Including reasonable atto�ne� feea,upon any indeb2od�oae secur�d heroby _T_ __.
<br /> � bnd in such order as Beneticiary mey determine: (b)perform such acta of repeir or prococ2ion �s moy bo nacessary or _
<br /> - • � proper to conserve tho value of the Property:(c)lease the ssme ar any part hereof for such ronia!¢orm end upon such �_.:�„q__,�
<br /> � conditions as its Judgment mey dictate. Unless Trustor and Beneficiery agree otherwise in wr6tir�g,any application of ::_
<br /> ��:�.:� � rents,fssues or profits to ony Indebtedness secured hereby shell not extend or postponethe duo dat�o of tho In�tallment .:
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<br /> . ,�• j peyments es provfded In tho Loen Agreement, end the applicatlon thereof as aforeseld shall not waivo or curo any ; �
<br /> ; i defeult or notice of default hereundor or invalldate eny act done pursuent to such notice. Trustor also nssigns tn � '�Y g`+�'N,_-_
<br /> .�' � � � Beneficiery,as further security for tho performance of the obilgationa secured hAreby,all propald ronts end nil monios �������i
<br /> : � which mey have been or may hereafter be deposited with seid Trustor by any lesseo of tho Properry, to securo the '��•����;;,.;�-�
<br /> :.';�'; � � payment of any rent,and upon default in the pe�formence of any of the provisions hereof,Trustor agrmea to delivor `'��°����"�,•�:�n«-,
<br /> :..�sn�a.'`..,:�,.
<br /> ' �:��s� such rents and depo3lts to the L3eneficiary. Delivery of�vritten natice of Beneficiary's exerciae of tho rights granted :�,-�•�'er,;...�"'"-�
<br /> ��'�'1'.,, ...• ,.
<br /> :;; �;•'_.�.;" herein to any tonant occupying sald premises ahall bo sufficlent to req�aire seld tenant to paV said ront to the . .;;,:•.��s�,;-.,
<br /> • �'� � deneficiary untll fur4har notico. '� �`. � .�
<br /> -� " 9. Condamnntian. If titlo to any part of tha Proporty shsll bo t0ken in condemnation p�o�oedli�gs, by rfght of ��" ��
<br /> eminent domoln or similer ection, or sh�ll bv sold undar throat of condemnetion,aU ew�rds, dan�ages and procoeds —� �- - -�
<br /> `�•, � ' are hereby esalgned end uhall bo pa6cJ to Benoficiery who sitall �pply auch ew�rd,damepes and procoeds to the sums
<br /> securod by the Deed of Tru�t, w►th tho excess, if any, pafd to the Trustor. .
<br /> '" ' 10. Future Advencoo. 7he Loan Agreement provi�es for edvanaes from time to tfmo to Trustor by Benoficiery ,
<br /> " �� as provided therain. In addltfon,upon request of Trustor, 9eneilciary, at Beneficiery's option,prior to�aconveyonco � ,., •s
<br /> _ of tho Pronertv to the Trustor, may make additionel future odvances to the Trustnr. SuGh futuro edvancos, with ,
<br /> _ _ _ • -
<br /> .. _
<br /> � Interest thereon,shall be secured by this Deed of Trust when evidanced by promissory notes scating inai sa�a noies
<br /> � -- - __
<br /> � ere securod heroby; provided thet et no time sholl the secured principal �nd future advenco�, not lrscluding sums
<br /> , . i advenced to protect the security, excc�ed one hundred percent (100951 of th� originvl princi�rsl amaunis securod �.
<br /> hereby.
<br /> 71. Remediss Cumuletive. All remedies providod in this Deed ot Trust are diutinct And cu�'.iu!�[�e to�ny other
<br /> � right or remudy under thia Doed of Trust or sftorded by law or equity, and may bo oxerclsod cos;eurrontly,
<br /> fndepondently or successively.
<br /> � 1[. ACCBletaiivfi; Ranodtes; Saie. A defeult shall exist in the event of: .
<br /> I (A) Any freud or misrepresunte:lon by the Trustor in connvction with the Iine of credit which this pood of Trust I
<br /> secures;
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