|
�•-• . , l:` - � r .�
<br /> 1 • .. , • .� ... #
<br /> '.y� - ' %,���:-,...,.,..,..._�.
<br /> tYY•.�G.'4' � •�s+ -•
<br /> ,,_.y. . . : ., , .,. a�.,..< : r�•�i'::'�".;#`�<'�' ,;bt'`-�;-� --
<br /> o�...,
<br /> � � :. - -_.,....,..n.nwoa.vr,.a. �� - - -�-- --_—_--------
<br /> � _.a_ .�.,.�ul-. -= �,td1F�.. �i`,�,'2.�:.y_..._ ..... .._.,._. °�,-
<br /> , � ...�_.w..�...-�_. _..« 3�.,��.....��,.., .�. ... � . , . . ...
<br /> ' ' _�;." --.
<br /> � 98-:�`���soo
<br /> a.��.t�.�rntantlnn, 7ntwtor wlll Q�IIII]IY --
<br /> by owner's and operet�n of dmilar pro�a►Aes and eH aenniiu�a�y ���a'r�a:,::•... •..• ••-�•- -
<br /> wfih euah oth�r requir�msntt ao Beneficiary mey from tlme to tlme requeat for the proteation by I�eurence of the
<br /> Intereet of the�e�pactiv�p�rties. All in:ur�nce polinle�malntained purivant to thl�Dead ot Truet�hell neme T�uetor
<br /> end 8aneficlAry �� Inturod, e�thelr respectiva lntereat may eppear and provlde that thmre shell be n� cenceiletlon or
<br /> modiflc�tion wlthout fitteen (16) deys priar writtsn notificatlon to Trwtee�nd Beneficlery. IN the event any pollay
<br /> fia:eunder ie not ronev�ed on ur baforo filtaen 116)deys prior to ite expirstion dats.Trustea or 8eneflclary mey proaure
<br /> •uch Inwronce in acaordance with the provislon� of Paragraph 7. Truotor ahell deliver to Bemeflciary tha oripinat
<br /> pollclea of Insuranue end renswels thereot or copies oi such pollcles and ►enewals thereof. Failurs to turnish euoh
<br /> Insurencs by Truetcr, or renewAla es requlred hereunder, ehell,at tha optfon of 8eneficiery, conetitute e defeult. All
<br /> unearned premiume ere hereby aesipned to1'ruetee es addltionel security, end e aele end convayanae of the Property
<br /> by the Truatee ahall opereta to convey to tha purchaser the Trustor's intereat In end to ell policiee of insurance upon
<br /> the Trust Property.
<br /> S. Tax�s and As�nsm�nt�. Trustor ahall pe�y+aE6 tax�s ared s�ecial assessments le�+ied ar easessed egeinat, or
<br /> du:e upo�,,the Property before deiinqurar�rp aKrc!�e�i[o del�vec tm f6er��f.i�fia�co�p�es of rec�iy�ts showfng payment of such
<br /> taxes aRd�sp�clal eesessments.
<br /> �, /„�ti',��I Uens. Truator sha[�n2�ke�CB Qa�rr�ants of 1�3����rt and R�i�e�4�a1,�e�����m'an4s of a�y other cherges,
<br /> q�e;e�v, a�x£ e,x�p�enses comt�+acted to be paid to aro1��xasting Uan holders oP�veav Gneanafioia�+�+s��a�t�er e�c��prior Oeed of
<br /> �'r.�rnt�Mv�st�a�e ar PRP,te���curtty eg►eement, bafws�the date they ero�e��arnzauer,y and to�a� �r►V¢+'t1,or alalm which
<br /> �:`
<br /> �,�,�tdizam rth�s�curirtcY granted heret�. � ' ��:
<br /> • ��. Prot�ction of Be►�fldary's S�cu�ity. Should Trustor�6�if to make any payment,��i►�t�de mny RCt es he���n
<br /> qraVided or it any eotion or proceeding is cornmenced whlch materlally affects BenefiFj�Ty's��ritetea4 in tFte Propa�ri,�,.. ..
<br /> Iro�9uding, but no Ilmitad R�, eminent domein. Insolvency, errongemente or proceedings tnvolvtir,ap a bankrupt ar ,;��_.
<br /> decadenf,4han i3sasficlar�or Yrustee, butwithout obtfpetlon to do so,end wlthout natice to or demtitnel upon Trustqr, _�,:._-.
<br /> ����1 without relesaing Trus2or from eny obtlgetion hereunder, may meke or do the same, end mey pay, purchase, :. �►.�__
<br /> contest or campramise endy encumbrence, cherga or lien, whlch in the judgement of either appsars to aNent sad
<br /> Property;In exsrci:lna my such powars.the Beneflclary or Trustee mey Ineur a Ilability�nd sxpend whatevsr�mounts;
<br /> includtn$ dlsburaement�of rea:oneble ettorney's f�ea, whlch in their absolute discretlon msy be necessary. In ths
<br /> avent that Truator shall fa11 to procure lneurence, fail to pey texes end apecial asse:tm�nt� or fall to mske en�
<br /> paymsnts to exfsting or prtor Ilen hotders a beneflclaries,ths Beneficfery may procu�e�uch Insunnce�nd mske such
<br /> peymoniu►. i�ii�����n��=sd at$^Pss�sl�d�='�'-'�►"�'�ary or Trustee In accordence with the provlalon�ui tM Deed of
<br /> Trust are aecured fiereby end,wlthout demend,shell be immedietely due and payeble by Trustor end shNl bee►intsrest
<br /> at the rete prtivlded for edvanoes uncier the Loan Agreement;provlded,however,that at t�ha optlon of ths B�neflciery
<br /> or Truatee,such suma mey be edded ta thfs princlpel belenae of eny Indebtedness!'ecured hereby and shall bear the
<br /> aeme tnterest es such lndebtedneas and ahall be peyable ratebly over the remaininfl term thereof.
<br /> $. As�Ipnmwnt of R�nts. Benoficiary�hsll have the right,power and authorlty duringtha contlnuance of thi�Due�l
<br /> of Trust to uollbat the renta,i�a�!e!end pro�`ita of the Property end ot any peraonal property laceted thsraon wlth or
<br /> without taking po�tesslon of the Propertyaffected hereby,end Truator hereby absolutely and unco�ditlonNly uelans
<br /> �11�uch rents,fesues and profits to Beneflclary. Benaficiary,however,hereb�consent�to the Trwtor's collrction and
<br /> retsntion of such nnts,lssuss�nd prottti ea they sccrue and become peyeble so long as Trustor I�not,at iuch time,
<br /> in default wlth re�psat to payment of eny indebtedness secured hereby or In ths performance of�ny presment
<br /> he��unde►, ,Upon�ny�uch default, Reneficiary may at any tirne, elth�r in person, by egent or by�r�c�tver to be
<br /> ,eppotnted by�a court,without notice ond without rega�d to tha adequacy of any sscurlty for the Indebtsdnns hereby
<br /> seaured: (a) enter upon �nd teke posse+aidn of tha Property or any pert thsrsof and in fts own neme su�for or
<br /> �othQi,wis�cotlact:uch renu, lssues and proflts� Including those past dua end unpaid,en spply ths sune,Issi costs �
<br /> '.and�expenses,of operation end�ollectlon,Includl�ig reasonable ettorndy fee$,upon any Indebtsdnese e6cursd hsreby
<br /> � �nd in such�7der�s Benefictary mny d�termine: tb) psrtorm suah acts of re�eir or protection a:may bs rncss=ary or
<br /> : �tOpar ta c:bn=erve the velue of the P�operty:(c)lease the sema or any pert hersof tor auch rsntal term and upon such
<br /> �- �cnnditlons es iu Judgment may dfctste. Unless Truator end Beneffcfary�lqrea atherwl:e in wrldng, any spplicnion of
<br /> '.�;:;,��nts,isauss or profite to eny Indebtednest secured hereby shall not extenxd mr pq�ttpone ths due dete of the Installmsnt
<br /> payments,sa provlded In the Loan Agreement, and the epplicatlon therlic�i'd as'afores�id shsll not w�ive or curs�ny
<br /> dsfeult ar mi�tice of default hereunder a Invelidete eny act¢�r�e pursu�ra+�to such najlce. Tru�tor also�asipna to
<br /> 8eneficiar,i;��-as further aeeurity for tQace�wformance of the oblipat�on:aeCUned he►sby..i�ll!prspaid rsnts�nd�tt eie��les
<br /> ' wvhlch may'hava been pv r,nay herea42e�bs dsposited with seld T�ustor bX any Isasee of the Property,to te��rfa Zhs
<br /> ;. �payment of any rent,a�n�i-�elpon det�ult In the performancs of eny of the provl�lons hereot,Trust�+ipress to tlliNiver
<br /> .; '��;,$��h reht�t�nd deposits 4�.t�se 8��i`tl�iary• Delivery of written notice of Bensficiary's exerclse ot;C�he rl9hts�r�nted
<br /> ,r}�'er,'e3t��na �ruy tenant or.aupyin� s��cc� •promises shell be sufficient to requiro said ta�sa�t to pay seid rent,xqa'ihs
<br /> ,.'�ne�d�U�u�t+c�inAi1 turther notice. ,� � ��
<br /> �g, :�pa��»�nti�an: `Of title to��vay�ae►t of the Property shall be taken,in condeharaau�on proca0dln�s,by right of
<br /> �' mrraa�narK�domein 0�����idi��actlon,or shdl be s����nder thrent of conder�ai�+ktfon, sll�W�►rds, derttii��A=and proceed� .
<br /> � �e here�y a�signed hneY shall be pai�d to Be�e�i'��ifly who shall epply suc15 D►Hacd�daaeuNges end pro�D�ds to the sums
<br /> secursdl I�,y it6� Oeed of Trust, with 46�e excess,if any,paid to the Truatotr �
<br /> 10.,F,�w�tur� Advane�s. The Loaq AAreement provides for sdvances from tiene n�sis�rte to Trustor by Bensficiary
<br /> •s provicic�`'theroln. In edditlon,up�on request of Trustor,Beneficiary,at Beneftciarjr'a mption,Drior to recorsv�yancs
<br /> _c.�._ ea.�..r.. �w *!u Tnutnr. mIIV rt1llls rdd'ecionel fututs sdva�oes tm tt�e Trustot. Sueh i�tveure advances. W��1
<br /> . - V� V�O rsvrv��7 w
<br /> irrterest tihereon,�haGl Ims secured b.y thls Deed of 7ruat whero evidencadl ibf�'�romissory notes starC��g that saia notss
<br /> aro se�r�he+•eDy; G+'av'�deG 4�rat at no time ehell the sec�red prinei�sS1 end future advencoe, not inchxt+ing sums
<br /> advanaaad ea protect tltie secucity, exceed one hundred �e�+'►t (10096) oi thN aaig�nal princfpal amounc�sacured
<br /> hereby.
<br /> ��. pKmdi�s �aicuilMiv�. All remedeea provided in thls Deed of T�ust are dlstfnct end cumuletive to any othsr
<br /> right or remedy ur.�et this Deed of Trust or efiordsd by law or equity, end may be exercised concur�entty,
<br /> Independently ar suc�easively. �� �` ^'
<br /> 12. AccNsr�tlon; R�tnodla;SN�. A default shalt exi=t!n the event of:
<br /> (A) A�y fraud or mf:representatlon by the Tru�tor in conneation with the line of credit which thls Deed of Tru:t
<br /> aecures;
<br /> � �os-a
<br />,-;.� , 9/94
<br /> s:� -- —
<br />
|