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<br /> pr�ncipal balw�ce over 11�c rcmalning term of the L.onn� at AeneflciAry's discrotion. �
<br /> Any smount prepaid under this proviston may be pald without a prepayment chsrge,
<br /> provided hawever�any additional amnunt Trustor desires to prepay� if any�shall be
<br /> subject to apglicable pnpayment churges.
<br /> (d) disbursement procedures acceptabla to Beneficiary are in place;
<br /> (o) Beneficiary shall have received acceptable estoppels�consents and assurances from
<br /> munlclpal authorities.tenants in the 1'ropercy.and othecs,as Beneflciary may request;
<br /> and
<br /> (fl Hene�ciary has reccived evidence sariafactory to It,that reconsttucti9n snd/or repair
<br /> " • can be completed at least three(3a months prlor to the date the Not�secured by this
<br /> � Deed of Trust is due and payablo.
<br /> .� If the sbova conditions are not satlsfied as to the applicatlon of the proceeds or any awards�
<br /> " Beneficiary shall apply the same(after first deducting therefrom Beneficiary's nasonable axpenses
<br /> � incurred in collxting the same.including but not limitod to e�easonable attorn�ys'fas)to the reduction
<br /> of the outstanding principal balance of the Loan {the"Principal Balance") wlthout a prepayment
<br /> .� charge or to payment of tho restoration. repair. nplacement or nbuilding of the property that Is
<br /> damaged�ciesiri,y�al ia:�in ouch meu�zr�s R�n�fi�iary may detercnine.
<br /> ��y pmcocds are applied to the reduction of the Princlpal Balance�the nmaining monthly payments
<br /> of principal and interest may be adJusted to amortiu the nduced Principal Balance over the remaining
<br /> ternn of the Loan►at Beneficiary's disc�tion.
<br /> 2, Non-Waiver. No w:�iver of any default on the part of Tcustor or breach of any of the
<br /> � provisions of this Deed of Trusi or of any other insnument exec�ted in connection wlth the
<br /> ' ;�,�hi�d�rs�oec�ed hsre�;s�l!+!�r_.nncidened a waiver of any other or subsequeat defa�lt or breach,
<br /> � and no delay or omission in exercisiag or enforcing the rlghts and pow�rs herein grartted shall be
<br /> �� construed as a waiver of such rights and powers,and likowise no exe�+cise or enfoc�cement of any rights
<br /> or powers hereunder shall be held to ey.haust such rights and powers�and eveay suci�r�ght and power
<br /> � may be exercised from tirne to tlme.
<br /> �� 3. Release.When all sums secund hereby have been paid,and upon surnnder of tlus
<br /> � Deed of Trust and the note for cancellation and retenrion,Beneficiary shall release the lion of the Dad
<br /> � of Tmst.
<br /> � 4. Assignment ot Rents.Trustor henby asslgns to Bene�ciary absolutely,not only as
<br /> icotlateral,the presont and future rents, income, issues and profits of the Trust Property and henby
<br /> � gives to and confers upon Benaficiary the r�ght,power and authority,during the continuance of this
<br /> � Deed of Trust�to collect the rents, income,issues and profits of the Trust Property�reserving unto
<br /> t Deed ot'[tut4 Aufpunent ot Renu�SecurttY Apeert�nt and Fatun Fi►in�(NB-9/97)
<br /> _ . PAC3811
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