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<br /> - � by ow�teCs entl a�statcrs ot simit�prope�ttes artd as 6eneftctary may require for its protection. Trustor wlll com�fy ` �
<br /> � ' with suctf oihar requiremeMe as 8eneficiatY may trom ttme to time tequest for t6�e protecdon by insurertce ot the , ' -
<br /> � interest of the cas�ective parties. Qtt insurence potides maintairted pursuant 4o this Beed of TrusE shel{name Trustor
<br /> � end�anefidaey t�,n insured,es t1�¢ir res�ective interest may appear and provide that Uiere shali be ao canceltatton or
<br /> � �� modIfimtian wi�itnut fifte�n lt 6!dsys prior written notificatton to Trustes and BenefFrdary. IN the svent arry policy ;;,;,�`. .
<br /> � - ' �' hereunde�is not tenewes on or batore fifte�n t15�days prtor to its expiratton date,Trustee or Beneficiary may procure -° ::
<br /> • ' �•? such insurenan in��ccordarice wi3h tha provisions of Pe►agraph 7. Ttustor shail detIver to Beneficiery the otigi�sl `"��.
<br /> _: � _ � y.:.=�� pollcies of insntaaos and renewet�thereof ar copies of sucfi poticies flnd�enewats thereof. Faiture to turnish sucfi _ _ ,.
<br /> T .'�'"%"'� insurance by Tr�tsior.or renawais es required her�under,shaii,at the option of Benefidary, constrtcte a defa�lL Aa -
<br /> � � � uneamed premism��te hereby asslgned to Toustee as sdditlonat sec�uity,and a seie snd corneyance of the Proper4y '
<br /> '�. _ ' by the Trusteo sh�3'operate to comey to the purchaser the TrustoYs irreerest in and to sii paticfes of insurence up�n � .-
<br />- . . .:.,, the Trust Prap�/; ..�.-„
<br /> � • � • �. Ye�csa�au#•pss�sm�s. Trustot shaH pay ell taxes and speaai assessmez►ts levted or assessed against,or �`; �,. .
<br /> • . � ' dae upon,the PropB�lt begote dalinquency and witi detiver to Beneficiary copies of receipts showing peymerst ot such
<br /> � � texes end sp�aES�en4s. ,:'r-;:<-;
<br /> � g, pdcQ'i4ldnt�llkt�to. Tnrstor shatl rnake all payments of iMerest and p�tnapal,and paymems af any othe�charges. ; - -
<br /> � ' . •::�a teea, and exp�sra5 Cot►b'acted to be pald to any existirtg lien holders or pdor benefidaries undef any prior Deed of �''� ��.�
<br /> � � � Trast,Mottgt�,��or other security ag�esment,before the daYe they are delinqusni srtd to pay any o t h er d a i�n w h i c h "-i";;� ;:
<br /> :
<br /> F_ � jeop�:diaesr�e�s3aarity qrentedisgrein.
<br /> ' . �. pno�e�tn,of i�c.�ef►ct�y's Secini4y. Should TrusWr fail to make arn/paymarrt,fsil to da any act as hsrels�
<br /> � � � � � provided or if���a�tif�p or prcce�ng is commenced which materisity effiects HenefFaary's tMerest in tha Property, ,��: ;-°'{:;
<br /> indudtng, 6ut no Urnita� to. eminent domafn. fnsoivency, arrsngemerns or praceedings invotving a 6anhrupt ar
<br /> --- �- - �- ��=�'r-: decedeM,M�arBensfli�y of Trusiee,but without abfigation to do sv,and u�rrthout rtotice to or demand upoR Tnistar. _ . _
<br /> '�•�•� aad withaut r+et�asi9�g.fii�asfor from�y obligation hereunder, may make ot do thc��me, end may pay,purchase, •
<br /> � �'{"�: co�Lest oPxmmpt8mi��sndV encumbrencs,charge or lien,which in the judgemer►t a�e�ther eSioears to aftect said �`!
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<br /> s:' . :. . , .;�;,,{ ProAeRy;[n�xer�tsin9;any!&uch pawers,the Bene�CCiary or Trustee may Incur e lia6i!'rty�d expert�+vhatsver emounts, .,;
<br /> �,:
<br /> „ ,_ indudirtg di�bursemsrrta�af reasonahta sttomay'�t�es,whIch in thetr absolute discr�tian�rsay E�necessary. In the ,,
<br /> . evet�t ti�eY.TrusLOr.Sha�l'faif to procure insurance, faf7 tc}�ay taxes and specia� �ents or tail to make any '`�
<br />;�r., . • ' �-�� paymert7s m eitistina.ar p�ior(ten hotders or beneficxeries,tiv3 Beneficiary mey procccees�u�s.�nsurance and make such _
<br /> � `� � paymer►ts. N►aums inau�red or escpended by BeneRciary or Trustea in accordata�e v�i�'s€�e provis�ons ot the Oeed of ����'��
<br /> *�,'`�� . . �,::
<br /> � . Tnist are seaurod h�eby�d,•Without demand,sha0 be immediatety due and payable by Trustor and sha11 besr interest ; �'
<br /> �: , at the►ete�iovida�fot�a�lv�c9s unQar the I.oan Agreement;provided,however,that at the opttoR of tho Beneftctary ,��+..,�
<br /> 'r�, or Trustee;sucA sume moy,he addad to this principal balac�a¢of any inde6tedness ssatred hereby and shall beaP the � `'��
<br /> � f�;, �
<br /> �; � samo irneros3 as suctrindebtqdn�ss and shaii be payabie�{y over the remaining tr�;rn thereof. �o
<br /> 8. A��Cantant ol�Re�nts. 8aneficiary shall have the dght,power end authority dur�gt�o continuanoe of this Deed � `"�
<br /> .,.. _ � • .
<br /> � � ' ' ot Trust ta colI�ct thd�reMts,isspes and profits of the Property anr�of any personal propeRy toc�ted ttwreon with cr __7xy�y�:��.
<br /> without t�ting possessfon of the Property affected hereby,end Trustor hereby sbsotutefy and unc�sendit�onaNy asalgna =,�: �=�
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<br /> � ail sucb renis�;issuas and profito to Bensfi�iary. Beneficiary,however,hereby consents tv the Trac��s coltectlon and ��:,.s
<br /> ��� 1 '� retention ot such rents,issues and profits as theb accrue and become payable so tortg as Yrustor is not,at�ud�dme, ��=�,=�-°
<br /> �}� � . f in defeuiL'A1�1 f �`��--"
<br /> ,.,E .. �_,. espect to payment of arry indebtedness secured hereby or in the performance of any ag�:er�nent ��_„_a�,
<br /> ��r�, :. . .� hereund�r. lt�pon erry.such�defauR, Bsneftciary may et any time,either in person, by egent or by a receiver to me �=:�,_.`_
<br /> ;� � ' .. '�= appoit►tad:bye court,wkhout�notice an0 without regard to th�sdequac.y/of eny seciirity for the indebY�dness here�y � . �;�=�=�
<br />_�. �. �:;:;'., .,. : ; secured::�a)enter upan and tsko possession of the Property or eny part thereot and in its own name sue for ar •
<br /> � �:� �_: : otherwise:COitect sud�tertts�isseies sa�profiis,incleding those past Que and unpaid,an aPPfy the same,le�.a costs . `, � =----.
<br /> � ��� .- , and ex�onsas ot operetion end colt�ctfon,Including rea3onable attotney fess,upon any indahted�ess secure��r�lsy ___
<br /> ,� � and in such order ae 6Qneflc�ary may dstermine:!b)pe�forr»such acts of repair or protectlon as may be necessary cr � '
<br />_;;�,;:.�� . propor to conseroe the value ot ths Piroperty:(c)tease the same or eny p�rt hereof tor such ren4e1 te►m and upon suah " .
<br /> "'°' '. . '� condiilons as its judgment may dicta4e. Unt��Trusto�and Beneflciary agroe otherwise in wrlting,eny eppliceUan of � - _ -`
<br /> �er�,ts3ues or profits to erry indabie�nPSS sa�u�d hereby shall not extertd or postpone the due date of the instaliment :;'
<br /> �� � , paymerits as provlded in the Loan�g�mert�and the ap��fcation thereof as afares�sLd shall not waive ar c:ura any ��r -�_
<br /> ���� ste$auft:er e�ouce of defautt hereusid�r us[nwali�ate any�u done pursuant to sucto�rstioo. Tnisior etso asstgns ta :
<br /> �` B�netici2sy,es further security for tPss per�amtp�e of the obiigattons secured hereby;all p►ep�id��r:ts end efl moniee �� `-_
<br />-:_�: . .. . � :
<br /> -= whlch may have 6een or may h�e�fter ba d�sited with said Trustcr F�d any tessee of the Pra�eRy, to seaure�O�e -
<br />�=��. � paymen4 af any rent,and upon dai�sSi in the pertormance of any of thQ grovisia�ta t��reof,Trustor agrees to detiver �` �
<br />��' �' ��`�� , � y i sucb ten�,tmd deposiis to the&�n�iary. Delivery of vrds.ten notice o8 62nafcr,�r�a.y'a exerctse of th�rtghYs granted �� -
<br /> �; • �� ,. •. herein to eny tenan4 accupylrtg said preenises shell be sufffclent to re�iro ssfd�Uen�nt to pay said rent to the ' -
<br />==: � � : � Benaflciary until tuRhar�otice. ; ,.
<br />—�:'. � �� . � �.;'.. .:�: 9. Condenmetian. If 4itte to any part of thd Propetty shatl ba teken tn condemnatFcn proceedinga, by�lght ot
<br />���"•�.'�,� _.�;���':'�h' emtnent dom�in a simllar action,ae shall be eo�d under threat of condemnatlon,elt awards�damages and proceeda � .
<br />�� �.,;:.:,;t:,`.,?;,. :,,;: : . ..
<br /> ��rl.,'i,.,. .. i are herai9y assigned end shail be�id to Benef�ciary who ahalt appiy such award,dat�rage�end proceeds to itte sunns .
<br /> �� �.';'•.�•. � : secured is�/the Deed of Trust,witit t'he excesa, if any,paid to the T�ustar.
<br />�"._ 10. Futuro Advances. The Loan Agreement provldes tor advances trom tlme to time to T�ustor by Beneficiary .
<br /> � . �� es provided therein. tn addition,uporf request ot Trustor,Beneficiary.at Beneflcisry'e option,prior to recanveyance -
<br /> of the Property to the Truator,may make additional tuture edvances to the Trustar. Such future advencea� with _
<br /> � ' interest thereon,shail be secured by this Oeed o!Trust when evtdertced by promissory notes stating that said na�
<br /> � � are secured hereby; provQded that at no time shall the secured principal and tuture advancea, not inctudirtg sums �
<br /> , ��_ advanced to protect the security, exceed one hundred percent 1100%1 ot the original princlpal amounts secured
<br /> ��� .
<br /> ��.- - . hereby.
<br /> � � 11. R�dte�CumWativo. AO remediea provided in thia Deed of Trust are distinct and cumulative to any other �.
<br /> �� ' rtght or remedy under this Oeed o! Trust or allorded by law or ec�utiy, and may be ene�sed,concurrenUy, •
<br /> � � independently or successivety. > �. .• �
<br /> ,y,;: ,�.. . - 12. Accderation;Remediea;Saio. A defautt sha11 exist in the event of: �
<br /> �`��•" (A) Any traud or misrepreseqtation Dy the Trustor in connection witN the line of credit which this Oeed of Trust �
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