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<br /> � T,�nder. The foxeqoing warrariti ee and reprssentations , and ,
<br /> . I Horrower'e obliqationa pursuant to �he foreqoing indemnity, ahall
<br /> eurv�ve repayment of �he Note and ttae reconv9yance of thie Deed
<br /> . of Truet.
<br /> .�y -
<br /> 9. Aasi nment af Rents� Mana ement of Property. As '-"'t'`-
<br /> < adx�itianal secur ty ereua er, eorrower ereby assiqns to Lender �.i. �,,;,,;,.-.
<br /> � the rents, issues and proEits of tHe Property, provided that �;?�'�-��
<br /> "''"� " Borrower shall, prior to acceleration under paragraph i l hereof �,.+:���
<br /> �,,....�r.: :=,..a..�
<br /> or abandonmen� of �he Property, have the riqht to collect and ��:.�__--
<br /> � re�a�n sueh renta, issues and profits as they become due and pay- ��=;t��r`-=--
<br /> , n.:�__
<br /> able. Upon acceleration or abandonment of the Property, Lender �;c�.�:=___
<br /> may, either in person or by agent, with or without bringing any _::��_.
<br /> ac�ion or proceeding, or by a receiver appointed by a court and �•�?���
<br /> wi thout regard to the adequacy �f its security, enter upon and :�3��
<br /> take possesaion of the Property, or any part thereof, in its awn �'-_-
<br /> name or in the name of the Truetee, and do any acts which it --
<br /> . deems necessary or desirahle to preserve the value. marketability -_____--
<br /> or rEntability of the Property, or any part thereof or intereat ____
<br /> , . ,..��:° therein, increase the income therefror�► ar protect the security ��'
<br />- . � hereof and, with or withaut taking possession of. the Property, �ti--�-�--���-
<br /> ' sne fox or otherwise collect ttze rents, �ssues and profits ���.�_-�---
<br /> �G,�4 thereof, including those past due and unpaid, and apply the same, �,
<br /> leas costs and expensea of operation and callection, including �;?_-
<br /> attorneys' fees, upon any indebtedneas secured hereby, all in :;'
<br /> auch order as Lender may determirie. The enterinq upon and takinq ---_
<br /> , � poaeesAion of the Property, the collection of such renta► iasues
<br /> arxd profits and the application theYeof as aforesaid, shall not
<br /> _ _� cuire or waive any defuult or notic� vf default hereunder or
<br /> __:____ l..y,��i�±w*q any act done in resnonse to such default or pursuant
<br /> to �uch notice of dcfault and, notwi thstanding the continuance in
<br /> • poesaseion of the Property or the collection, rec�ipt and �pplica-
<br /> tion of rente, iaeues Qr profits , arsd Truatee and Lender shall be
<br /> � � entitled to exercise every right provided for in any of the Loan
<br />- Inetruments or by law upon occur�rence of any Event of Default,
<br />�'� ;�, i�aludinq. without limitativn, tlze riglzt to exerciee the power af
<br />=`r��' ~�� .� ar�le. Further, Lender's rights and remedies under thia paraqraph
<br /> � 9 eht�ll be cumulative with, and irz na way a limitation on, __
<br /> ."°:"�"` `r Lender's rights and remedies un3er any Assignment of Leases and
<br /> �:�,, ,':'.' Renta recorded againat the Prop�rty. Lender, Trustee and the
<br />;;�,���;�;:�•� receiver shall be liable to accoun� only for those rents actually
<br />--: � ��°�•��x:� received.
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<br /> niY�f".��'".��'', 10. Events of Default . The following shall conatitute
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<br /> an Event of Default under t s Deed of Trust:
<br /> - , (a) Failure to pay any installment of
<br />= • � � � principal or interesti or any other sum secured hereby -
<br />=='"'� `���•�:� when due, or failure to pay when due any other indebted-
<br /> --�w a,�:u� ti..
<br /> T'"'�'!"�le'��� w nees of Borrower to Lendert _
<br />�..�'-1���- ,: ' _.. -
<br /> - (b) A breach of or de�ault under any provi- �
<br />- . aion contained in thP Note, this Deed of Trust, any of -
<br /> � ��,, the Loan Instruments, or any other encumbrance upon the �:
<br /> Property, after giving effect to any appllcable cure E-
<br /> - �,� period contained therein; �•>>=_�-
<br /> � ,
<br /> �� (c) A writ of execution or att�achment or any `�"���_,____
<br />_ , similar process shall be en tered against Borrower which =_'"'°�-
<br /> -� ahall bea�ma a 1 ien on the Property or any portion °�`°`"'�-�-'�
<br /> ,� - .:�R;:...
<br /> thereof or interest thereint _ _
<br /> (d) There shall be filed by or against ; � . .
<br /> _ _._—.
<br /> Borrower an action under any present or future federal�
<br /> _ � ��, state or other statute, law or requlatian relating to -- -�
<br /> bankruptcy, insolvency or other relief for debtorsj or
<br /> there shall be appointed any trustee, receiver or .
<br /> liquida�or of Borrower or of a11 or any par� �f the
<br /> � Property, or the rents, issues vr profits �hereof, or I
<br /> • �. i Borrower shall make any general assignment for the �
<br /> � , � benefi� of creditorsj � . :
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