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<br />:T%ki=�r�,, by owner'a and operators of almfler prope►tla end as Beneflclery mey requlre for It�prpteatlon. Trustor wlll carnpty
<br />;;�_;i;:.:. wlth such other requirements ae 8eneflciary may irom tlme to time requeat for the protnctlon by Inaurence of the
<br /> `''"'�•�' intereat of the respective parties. All Imurancs pollcies meintelned purouent to this Deed o4 Truat ehall name Tru�tor
<br /> ..,.:. .
<br /> : �:;M , end Beneficiary as Insured,es thelr respeative Interest mey appeer end provide thet there ehell be no cancelletlon o►
<br />`_�:'�� modiflcation without fifteen (16) daye prior wNtten notification to Trustee end BeneficlAry. IN the event any poliay
<br /> ' � horcundor is not rannwed on ar before fitteen f 161 days prior to ite explretlon dete,Trustee vr Beneflclary may pracu►e
<br /> 'l��a�"��' suah InsurAnce in eccordence with the provlslone of Paragreph 7. Truetor aheii deliver to Beneflclery the orlglnal
<br />������ policies of inaurence end renev�ela thereuf or caplea of such pollalea and renewele thereof. Failure to furnish euch
<br />- _�� insurance by Trustor, or ronewAls ea requi�ed hereunder,shell,at the option of Beneilciery,aonstitute e defeuit. All
<br /> unearned p�emiums are hereby asafgned to Trustee ae edditionel security,and e sele and convayance ot the f'roperty
<br /> - � _,.�� by the Trustee shali operate to convey to the purchaser the Trustor's interest in end to ell policies of insurance upon
<br /> the Trust Property. _-
<br /> : ���•.�' b. T�uc�s�nd Ass�s�msnts. Truator ahall pay ell taxea and epeciel assessments levied or asseased agefnst, or
<br />`���. ;:;,,_ due upon,the Property before dellnquency and will deliver to Benefictery copfes of recelpta ahowing peyment of such
<br /> �.;•_.� t taxes and special assessmenta.
<br /> '�..�� 6. AdditionM Li�m. Trustor shali make atl peyments of interest and principal,and paymente of any other charges,
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<br />,,���t:y,; fees, and expenses contrected to be pald to any existing lien holders pr prior beneffciaries under any prlor�eed of
<br />,,.���,;,��_ Trust,Martgege or other security agreement, before the date they are delinquent end to pey any other claim which
<br />_.�,��;,p., ' jeopardlzea the security grantad horain. -
<br /> -�•���''• 7. Prot�ctlon ot B�rnfld�ry's S�ou�tty. Should Truatar fail to meke eny payment, feil to de any act es herein
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<br /> :��.:...�. provided ar if any action or proceeding la commenced whlch matorially effecte Beneficfary'e Intereat in the Property,
<br />''.�t:;;�.�� including, but no Iimited to, eminent domein. Insolvency, arrengements or proceedinga involving e bankrupt or
<br /> .�e�;�� dacedent,then Beneflciary or Trustee, but wlthout obNgation to do so,a�d without notice to or demend upon Truator,
<br /> end without releasing Truator from any obligation hereunddr, may meke or do the seme, and mey pey, purchese,
<br />___�,_x;�;�;1 contest ar Compromise andy encumbrence, cherge or Uen, which in the judgement of either appears to effect aeid
<br /> ,�:;� Property;fn exeraising enysuch powera,the BenAffciary or Trustea mey incur e IlabiUty end expend whatever amounts,
<br /> --- - including disbursements of reesonable attorney's fees, which in thefr ebsolute discretion may be neceseary. In the
<br /> �_"""�' event that Trustor shall feU to procure insurence, fail to pay taxea and special assesam�hts or feU to make e�y
<br /> ~��'�`���' peyments to existing or prlor ilen holders or beneftciarles,the Beneffciery may procure such insurance and make such
<br />—� paysssar.is. n�;���� ;n��l�p���Axnw��ip�i by Beneilctary or Trustee in eccordence wfth the provisions of the Deed of
<br /> �,r.�,:,o Trust are secured hereby and,without demend,shall be immedlately du�and peyable by Trustor and shell bear interest
<br /> --� at the rate provlded for advences under the Loen Agreement;provided, however,that et the optfon of the Benefiaiery
<br /> ~ or Tnistee, such sums mey be added to this principrl balance of any indebtedness secured hereby and shali bear the
<br /> same interest es such Indebtedneas end shall be payable ratably over the remeinlnp term thereof.
<br /> 8. A�sipnm�nt of R�nts. Benefictary shall have the right,power and authority during the continuance of this Deed
<br /> of Trust to collect the rents, (aeues and p�ofits of the Property end of any pereonel property located thereon w(th or
<br /> without taking possessi�n of the Property affected hereby,end T�uator hereby ebsolutely and unconditionally assigna
<br /> all such rents,issues and profits to Beneficiery. Beneflciary, however,hereby consents to the Trustor's colleation and
<br /> retention of such rente, is�uea end profita as they eecrue end become peyable so I�ng es Trustor ia not,et such time,
<br /> In default with respect to payment of any indebtedness secured hereby or in the performence of eny agreement
<br /> hereunder. Upan any such defauit, Beneficiary mny et any time, either in peraon, by agent or by a receiver to be
<br /> eppofnted by e aourt,without notice end without regerd to the edequacy of eny security for the indebtedneas hereby
<br /> secured: (e) enter upon end take possession of the Property or any part thereof end in its own neme eue for or
<br /> .� otherwise collect such rente,issues end profits,including those past due and unpaid, en eqply the seme, less coats
<br /> end expe�ses of operetion end collection, including toasonetile attorney feea,upon any Indebtedneaa secured hereby
<br /> end in such order as Beneficfery may determtne:(b) perform such acts of repair or protection as may be necessery or
<br /> � proper to Conserve the value of the Property:(c)lease the seme or any pert hereof for such rentel term end upon auch
<br /> condttions as its judgment may dictate. Unless Trustor and Beneficiary agree othe�wise In wrlting,eny applioatfon of
<br /> rents,iasues or profits to any Indebtednesa aecured hereby shell not extend or postpone the due date of the instaliment
<br /> payments es provided in tho Loen Agreement, end the epplicetion thereof as aforeaeid shall not waive or cure any
<br /> defeult or notice of default hereunder or invatidete any ect dono pursuant to such notfce. Trustor elso assigns to
<br /> _ Beneticfary, as turther security for the performance of the obligationa secured hereby,all prepaid rents end ail monies
<br /> -�- which may have been or may hereafter be deposited w(th sald Trustor by eny lessee of the Property, to secure the
<br /> payment of any rent,and upon default in tF�e performance of eny of the provistons hereof,Trustor agrees to deliver
<br /> - such rents end deposits to the Benefictary. Delivery of written notice of Beneficiary's exercise of�the rights granted
<br /> ? --- = herein to any tenant occupying aeid premises shell be sufflcient to require sefd tenant ta pay said rent to the
<br /> -�_-�=�a Beneficlery untll further notice.
<br /> -:_�� 8. Cond�mnatian. If title to any part of the Property shell be teken in condemnatlon proceedings, by right of
<br /> _=�+�����• eminent domeln or simiter action,or shall be sold under thrAat of condemnation, ail ewerds, damages end proceeds
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<br />-:;�;-�'}�� are hereby assigned end eheil be paid to Beneficiary who shalt epply such award,demeges end proceeds to the sums
<br /> -=�.,;���• secure d by t he Oeed of Trust, wfth the excess,if any, paid to the Trustor.
<br />_:;���;''� 10. Futun Advancu. The Loen Agreement p:ovidea for advances from ttme to ttme to Trustor by Beneficiery
<br /> ..u;��•a� aa provided thereln. In addition, upon request of Trustor,Beneficfary, et Beneficiary's option, prior to reconveyance _-
<br /> ..�,►,o a,.,..om, r., rha Tn,crnr_ mav make additional future edvances to the Trustor. Such future advances, with
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<br /> intorest thereon,shell be aec�red by this Deed of Trust when evidenced by promissory notes stattng thet said notea
<br /> - : , are secured hereby; provlded that et no tlme shall the secured prtncipel +�nd future edvances, not includfng auma
<br /> ;;� �' advanced to protect the security, exceed ono hundred percent (10096) of the originel principat amounts secured _
<br /> � hereby. _
<br /> - ' � 11. Remedies Cumuletivs. All remedies provided in this Deed of 7rust ere distfnct end cumula�(ve �i y.q�her =
<br /> .y,'�' right or remedy under this Deed of Trust or afforded by law or equity, end may be exercis&i a��ldhtly,
<br /> • (nde�endently or succesaively.
<br /> ,. '; 12. Aecelaration; A�medies;Sal�. A defeult shell exist in the event of: �
<br /> ='.�.••• ,,• (A1 Any iraud or misrepresontation by tho Trustor in connectton with the Ifne of credit which this Deed of Trust ,
<br /> �;,��";� secures;
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