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<br /> Lender. The foregoing wdrranties and repreaentatione, and
<br /> Borxow�r' e obligations pureuant to the foregoing indemnity, shdl l
<br /> survive repayment of the Note and the reconveyance of �his Deed
<br /> of Truat.
<br /> � 9. Aesignmen� of Aeratat Management of Proper�y. As i
<br /> � additional aecur �y ereunc�er, Horrowex-� y ase gns to �,ender . ;:t;=
<br /> ��*,,�,,. tho rents, iasues and profits of the Pxop�rty, provided that -_
<br /> y,n, � Borrower ahall, priar to acceleration unc�er paragraph 11 hereof
<br /> � , or abandonment of the Property, have th� right to collect and ._
<br /> retain such rents, issues and profits as thesy become due and pay- ;��'=
<br /> ' able. Upon acceleration ar abandonment of the Property, Lsnder ti�;?�;
<br /> � may, either in peraon or bX aqent, with or without bringing any �'
<br /> action or proceeding, or by a receiver appointed by a court and - -
<br /> without.regard to the adequaay of ite security, enter upon and :�__�_
<br /> � take poesesaion of the Property, or any part thexeof, in ite own -__
<br /> , namo oY in the name oE the Trustee, and do any acts which it ___
<br /> � deems necessary or desirable to preaezve �he value, marketability _ _
<br /> ox rentability af the Property, o� ar.y paxt thereof or intereat -__
<br /> therei�n, increase the income thexefrom or protect the aecurity
<br /> hereof and, with or without taking possession of the Property,
<br /> � �':'.'�-
<br /> sue for or otherwiee collect the rents, issues and profi�.s -
<br />� , , thereof, including those past due and unpaid, and apply the same,
<br /> lesa costs and expenses of. operation and aollection, includinq � _
<br /> ; attorneys' fees� upon any indebtedness secured hereby, all in _=
<br /> such ord�r as Lender may determine. The enterinq upon and taking =
<br /> �ossession of �he Property, the aoJ.lection of such rents, issues
<br /> and pxofi�s and �he applicat3on thereof as aforesaid, shall not
<br /> _ � cure or waive ar�y default ar notice of default hereunder or
<br /> __ _ — i nv�l i�af-� a��v ar_1- done i.n t�E+spons� to sueh default or puY'suant
<br /> '. '� to such notice of default and, notwiths�andin� the continuance in
<br />- � '��;'�''.-'., ,,_ posses sion of the Property or the collection, receipt and applica-
<br />:�? �� ��;t;;:' ; tion o f renta, issues or profits, and Trustee and Lender ahall be
<br /> entitled ta �axercise every right provided for in any of the Loari
<br />=���'�' � Instrumer�ts or by law u�on occurrence of any Event of Default,
<br /> ,:����: ��"��., including� without limita�.io�n, the right to exercise the power of
<br /> S�"'���� � ��-� sale. Further, L�ndox's righte and remedies under thi a paragraph
<br /> �` ' ' 9 shall be cumulativo with, and 3n no way a limitation on,
<br />�;�:,'`' � .��'�� l[,ender 's rights and remedies under any Assignment of Leases and
<br /> "�°- ��� Rents recorded against the Property. Lender, Trustee and the
<br /> �`.;,.�..y, ,!.
<br />�'�;,��;�-�� receiver shall be liable to account only for those rents aatually
<br />°,i�-,..�'"..,�� received.
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<br /> �``�'�:�°""�-= 10. Events o£ Default. The following sliall constitute
<br /> �' '�� ' an Event vf Defau � under t e Deed of Trusts -
<br />_�._
<br /> �L�'a
<br />_ ^== � ' (a) Failure to pay any inatallment of
<br />__�`���"`''X' �� principal or interest or any other aum secured her.eby
<br />� �°-�-•- when due, or failure �o pay when due any other indebted- -
<br /> ��i. -
<br /> -- �i;� ness of Bozrower to Lender f
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<br /> �-'_.,; :'. (b) A breach of or default under any provi- -_
<br /> �`, sion contained in the Note , thia Deed of Truat, any of
<br /> � the Loan 7[netruments, or dny ather encumbrance upon the -
<br /> Property, aftex giving effect to any applicable cure -
<br /> period contained thereini , `- -
<br /> . ��� -
<br /> Y�. (c) A writ of execution or �ttachment or any
<br /> similar procese shall be entered aqainat Horrower which
<br /> shall become a lien on the Property or any portion '"�
<br /> ; -_
<br /> . thereof or interest thereint -
<br /> . ,
<br /> :•�"� � ' fd) There shall be f31ed by or againet
<br /> � Sorrower an action under any present or future federal,
<br /> - '= state or other etatute, law or regulation relatinq to
<br /> bankruptcy, insolvency or other relief for debtors= or
<br /> � there shall be appuinted any trustee, receiver or
<br /> � Liquidator of Borrower or of all or any part of the
<br /> Property, or the rents, iseues or profits thereof, or i
<br /> � Horrower ahall make any qeneral aseignmant for the I
<br /> benefit of creditoral ,
<br /> �
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