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<br /> or obsolete� provided that such personal propercy is [eplaceci witb ather personxl property at least equal in value ro the -
<br /> repleced personel property, free from any tlde reuntlon devtce, sccudry agreement or other encumbr�n�:e. Such _
<br /> - replacrment of persnnal property will be desmed subject to the aecurity intercst created by thls Dad af Truat.Truator ahdl
<br /> not partitton or subd{vide the Propetty without Beneflciuy's prlor written consent. Beueflclury or Beneficiary'e�genu
<br /> 1 may, at Beueficiary's optioa�,�lte�r ndrel�for Beneflciuy'a abenefit�and�rTcuscor�wil�in no way�relyon Benet�iciary a
<br /> .� inspectlan of We Property Y
<br /> inspectlon, .
<br /> �� � �L�' 13.AUTHORITY TO PERFORM.If Tnutor fnils to perform any oY'I'cuswr's dudes under this Deed of Truet,or any othGr
<br /> ��� mortgage,deed of uust, secuclty agreement or other lien docoment that has priorIty over tLis Deed of Tn�at,Beaeftciary
<br /> .�, may�wtthout notice,perfoma the duties or ceuse t�m to be performal.Trustor appoints Beneticiary as attomey in fact to
<br /> sign Truecor's name or pay any ama�ns►t a�sszaY f=�P��ora�nce. If any construction on the Property is discontlaued or
<br /> ' aot carrted on in a reasoaable mannes,Be�sef'tc:ary msY do whatever ts necessary tc protect Beneftclary's securisy lat�rest
<br /> ��� in the Property.'fhts may include co�ple*�g the consuuction.
<br /> ,± Beneficiary's riglit w perform fot Trustor ahaU not creau aa obUgadoa to perform, and Beneficiar�+'s failure to perfornt
<br /> ' will not preclude Deneficiary from exetcfsing s�y af Beaeficipry's other rights under the law or this Dad of Tsuat. Any
<br /> � ' amount� paid by &neficiary for Iusuria.g, prest�nn8 or otherwtse protecting the Property and Beneficiary's aecurlty
<br /> . : , interest will be due on demand and w::1 bear iacerest from thc ds�u of the payment until paid in fiill at the inurest rate In
<br />- effect from cime to time accordinB to the cerms af tE�e Bvideace of Debt.
<br /> 14.ASSIGNMENT OF LEASES AND REN!'s•'F^=stor irrevocttbly grants, cunveys and selle as additional sxurity aU tlte
<br /> rlght.tttic and interest in and to any and al.!: ������Y other wrltten or verbal agraments for the use aad
<br /> A. Existing or futurc leases,subte,�es.licenses.
<br /> � accupancy of any porttoa of thP ?Property. including any extensiona, renewals, modificationa or substitudon�of
<br />. sueh Agrasmenta(all c�eferrai t,�as "Leases").
<br /> B. Rents,issues and Profits(al�n°f°rred�°as "Rents��' i°clud8ng but not limited to securasy depoaits,minimum aent,
<br /> perccntage mnt. addttional rent� commoa area maintenance cbazges, Parking charges� real estate taxes� other
<br /> s`I,,;, ' applicable taxes. insurance preiniwn conulbudons. liquidetefl damages following default. CBIICCUAIiOri pTl�Uri18�
<br /> �''. � � "loss of rents"insurance` or is n'ac,count of he�or occupancy�of the whole or any�partWOf We Pro operty.Y bave
<br /> �:, �(� that in any waY P���
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<br />'.,,;,.;�,:.;':;���; . Truswr wW pmmptkY Prov�de aene�iciary with uue and correct copies of all exlating and ibtute Leases. Tn�cwr miy
<br /> ,---. �:_S".�:.;' °�• callect.�ceive.ev,foY�d��e Rents so long as 7'cvssor ie not in default.'IYustor wiU s�ot wllect in advnnoe any Reata
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<br />- due in futiue lease perioda�unless'IYvator nrsc obcains Brncficiury'n wzlii�-n rar,ocnt.U�a d:.f�ls. Tr�stor�?!� r-�'-v�
<br /> l � any Rents in trust far Benefic�ary and Trustor wW not commingle the Rrnts vvtth any uWer Puuds.Any amouata callecxed
<br />- .:�_� � shall be applted at Beneficiery's discredon to payments on tba Socund Debt as there3n providod�w costs of mawging the
<br />_-'`�.��;.;'j,�r Property� iacluding� but aot limiud to� all taxes. aiseaameuta. inauraace premium9, t'ePaire. �ad comaoissioas w t+eaW
<br />�{-;;��;Ez�:. agente,and to eny other naxssary relatal expenses fncluding Beaeffci�ry'a utorneya'fas,parnlegal fas and couct ooate.
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<br />�-.;��`';, Tntstor acknowledges that this agslgnrtxat ts perfectod upon the raxsrdinB of this Deed of Tn�at�nd thu Beneflciary b
<br />�-y,`;�ya� entitled to notify u►y of Tcuator'� tea�au to aoaEce payment of renu due or to berome due to HeaeBciuy. Howeva�
<br />=_r,r`^�;��� aeaeficiuy agroa thu only on defi►ult wUl BeaeticIuy aotify Truator u�d Ttuacur'e ten�au�ad mdce demaadthat�l1
<br /> --=�'_-��,-� ` Potun Rente be pwid dirx�tlly to Beneflciuy. Oa receivin� We Aoda of defiult. TruaWr wiU eadorae�nd deUver W
<br />�-�r,.��� , geneficiaryr�uty paya�enta of Reat in'Itustor's poaseesion.
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