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<br /> �I by uwner's and o�eratare of almllar propertles and as Beneflciary may requlre for Its'protectfon. Trustor wlll comply '
<br /> with auch other requlrements as Beneflclery may from tlme to time request tor the protectfon by lnsurance of the
<br /> interest of the respectiveperties. All Insurance pollcies malnta�ned pursuent to this Deed of Trust shall name Trustor
<br /> end Beneflclary es inaurad, ea thelr respective Intereat mey appear end provide that there shell be no cancelletfon or l -�
<br /> modlficetlon wlthout fifteen (16) days prlor wrltten notlficatlon to Trustee end Beneflclary. IN the event any polfcy �wr�tis
<br /> hereunder is not renawedon or befiore fifteen (161 days prlor to!ts oxplratlon date,Trustee or Bonnflcinry may procure �.,-
<br /> Y � auch Ineurance In accordence wlth the provlslona of Paragraph 7. Trustor shall deliver to Baneflciary the originel ; , .���'�-�-
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<br /> . policles of Insurence andrenewals thereof or copias of such policles end renewels thereof. Failure to furnish such rt. -•.�;:��. .
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<br /> "" i insurence b Trustor, orrenewals ae re uired hereunder,shell, at the o tlon of Beneficiary, constitute e default. All • ��: ���
<br /> unearned p emfums are hereby asslgned to Trustee as additlonal security,end a sale and conveyance of the Property � ��y"'`�'`�•�`'�i��'
<br /> , by the Trustee shall operete to convey to the purchaser the Trustor's interest in and to all olfaies of insuranGe upon �. •=:�;����`��'°��--
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<br /> the Trust Property. �`-'�� -"`
<br /> 6. Texsi and A�seummts. 7rustor shell pay all taxes and specfal assessments lavied or assessed agAlnst, or "�'',`«:"—�
<br /> due upon,the Property befara dellnquency and will deliver to Benaficiary copios of�eceipts showing paymant of such •`i��_
<br /> taxes and speclel asssssm�nts. ��-�'���'
<br /> 6. AdditionN Ltens,Trustor shell make ell a ments of lnterest and rincl al,end paymants of an other char es, �'��`-�
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<br /> fees, and ex enses contractad to be aid to eny existin Ifen holders or prior be��eficiariea under any priar Deed of "•.n".°—
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<br /> Trust, Mortgage or other security agreement, before tho date they are delinquent and to pay eny other claim which �""
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<br /> jeopardtzes the security grented hereln. �.•i�,,�':•
<br /> 7. ProUctlon of B�n�ficiary'� Sscurity. Should Trustor feil to make eny peymant, fail to da any act as herein �..�;;;i.
<br /> provlded or If any actlon o� proceeding is commenced which materfally affects Beneflciary's Interest fn the Property, �:';;•,'-
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<br /> Including, but no Ilmited to, eminent domaln. Insolvency, arrangements or proceedings 1nvolving a benkrupt or "'�
<br /> � decedent,then Benefiaiary or Trustee, but without oblfgatian to do so,and without notice to or demand upon Trustor, At ".�=
<br /> . end wlthout releesfn Trustor from en obU ation hereunder, mey make or do the seme, and may pay, purchase, ^���
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<br /> � contest or compromise andy encumbrence, cherge or Ilen, which in the Judgement of e:ther appears to affect sefd ..,:�;;����
<br /> Praperty;In exercising any such powers,the Beneficiary or Trustee mey incur a liability end expend whetever amounts, .:4�;�,;; ��:;�
<br /> Including disbursemants of reasonable attorney's fees, whlch in thelr absolute discretion mey be necessary. In the
<br /> . � event thet Trustor ahall fall to procure insurence, fall to pay taxes and speclal assessments ur fall to make any __
<br /> • � payments to exlsting orprior Ifen holders or beneficlaries,the Beneficlery may procure such insurance and make such --_��-
<br /> - payments. AII sums incurred or expended by�eneficiary or Trusied in ncc��cia+ice rhrith ihe�rrovis3on�8t Lhs Dsad at '����
<br /> � Trust are secured harebyend,without demend,shell be immediately due and payable by Trustor end shall bear Interest ���—
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<br /> ;i�, at the rete provlded for edvances under the Loan Agreement; provided, however,that at the optfon of the Beneflclary �;_,� --
<br /> �. � ��� or Truatee,such sums mey be added to thls principel balance of any Indebtedness secured hereby and shall bear the —_-
<br /> i same lnterest ns such indabtedness and shall be payaBle ratebly over the remaining term thereof. �
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<br /> 8. Atsignmsnt of Rx�t�. Baneflciery shall heve tha right,power and authority during the continuance of this Deed
<br /> � of Trust to collect the rents,issues and profits of the Property and of any personel properry loceted thereon wfth or o�ac�
<br /> without taking possesslon of the Property affected hereby,end Trustor hereby ebsolutely and uncondltfonally asslgns `�"�
<br /> `� all such rents,issuea andprofits to Beneficiary. Beneficiary, however, hereby consents to the Trustor's collectfon and -
<br /> retention of such rents,Issuea end proflts as they accrue and become payable so long as Trustor Is not, at such tlme,
<br /> in defautt with respoct to paymant of any indebtadness secured hereby or in the performance of any agreement ,
<br /> hereunder. Upon any euQt�defeult, Beneficsiery may at eny time, either ln person, by agent or by a receiver to be
<br /> appolnted by a court, wlthout notice and without regerd to the adequacy of eny secur(ty for the Indebtedness hereby
<br /> secured: (a1 entor upvn and take possesslon of the Property or any part thereof and in Its own name sue for or -
<br /> � otherwfsd collect suah rente, Isaues end profits, including those pest due end unpefd, an apply the same, leas coste �
<br /> ,. ' and expenses of operatlon and collectfon,Including reasonable attorney fees, upon eny Indebtedness secured hereby ��
<br /> _ and fn such order es Beneficlary mey determine: (b) perform such acts of repair or protectlon as may be necessary or
<br /> proper to conserve the value of the Property:(c)lease the same or any part hereof for such rental term and upon such ---- -
<br /> conditlons es its judgment mey dictate. Unless Trustor end Beneflc(ary agree otherwise In writing,eny epplicetion of
<br /> rents,issues or proflts toeny indebtedness sacured hereby shell not extend or postpone the due date of the installment _
<br /> :. ' payments es provlded in the Loen Agreement, and the application thereof as oforesaid shall not wefve or cure any �.
<br /> � defeult or notice of defeult hereunder or invalldete any act done pursuant to such notice. Trustor also asslgns to - --
<br /> � � Beneficiary, as further securlty for the performence of the obligations secured hereby,all prepaid rents and all monies ,� , r "
<br /> � - whlch may have been or rnay hereafter be deposited with aeid Trustor by any lessee of the Property, to secure the '� "��
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<br /> payment of any rent, and upan default In the performance of eny of the provislons hereo f, Trustor egrees to de l iver � 'f�;; ;���a
<br /> . . • such rents and depositsto the Beneficiary. Delivery of written notice of Beneflciary's exercise of the rights granted �� �, "-�����:' �-�-••
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<br /> herein to any tenent occupying sald premises shell be suffioient to requfre seid tenant to pay said rent to the . , • :�:. .
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<br /> :':;,= Beneficiery untll furthor notico. `•';:�;��':`�'
<br /> �'` 9. Condemnatlon. If tltle to eny part of the Property shall be teken in candemnation proceedings, by right of `;z;:•�c• �.
<br /> eminent domeln or sirnuar Actfon, or shall be aold under threat of condemnetion, aIl awards, damages and proceeds . ,
<br /> ara heroby asstgned e�d shall be paid to Beneficiary who shall apply such award,damages and proceeds to the sums
<br /> secur�d by the Deed ofTrust, wlth the excess, if any, paid to the Trustor.
<br /> 1U. Futura Advana�s. The Loan Agreement provides for advances from time to time to Trustor by Beneficiary
<br /> i as provlded therein. Ineddltfon,upon request of Trustor, Beneficiary, at Beneflciary's option, prfor to reconveyance
<br /> _"__ _1 . .. � . . .� �" "'"" "_ '__�._ _���.�___� t.....__ _.a.._____ ._ �L_ T."_a__ [�..�L [..a..�� �..1..����� ...:�L " '— —._._ ...
<br /> �� ���-� —7 OT LI19 t'f0(7B�Ly LO [(ltl I�USWt, ITttly III21Rtl tluultlVt�ai tuwro auvai�cva w u�o n�aw�. .�u�.�� ww�o OYV�II400� vv�a�� ---��--�------��
<br /> � interest thereon, shall be secured by this Deed of Trust when evidenced by promissory notes statfng that said notes
<br /> � are secured hereby; provided that at no time shall the secured principal and future advances, not including sums
<br /> advanced to protect the security, exceed one hundred percent (100%) of the original principa� amounts secured
<br /> + hereby. �
<br /> i 11. Remediea Cumulative. All romedies provided in this Deed of Trust are distinct and cumul.ative.to pny other
<br /> right or remedy under this Deed of Trust or efforded by law or equity, and may be exerc'�secY��co�i�etx/ently,
<br /> independently or successively.
<br /> ; 12. Acceleratlon; Rernedies; Sale. A defeult shall exist in the event of:
<br /> ' i (A) Any fraud or mis�epresentation by the Trustor in connection with the line of credit which this Deed of Trust j
<br /> ' � secures; I
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<br /> � . 9l94 408-2
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