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<br /> ` `:,�" ` .�: or obsalet�provided tt�t s¢ch ge�sonai gmp�►is ieAlaoed witli other paso PI'oPert9 � : �`` , �
<br /> ��� � free �Btom aap tiate t+etendc►n devlce. s�itY agt+e�t or oii�er�enrumb�ce. Sac� � ��`;`. �
<br /> r�les�d O�r�a� PmP�S►• will be de�subject w t�te s�►�et�st created bp this Beed of'ltm.�t.'IYustor s1�2ll �: '
<br /> � n�ot��on�ogsabdivide�t�e enefidsics►�s prIor�arltten ooasent.8�3azY or Beneficiaty's a�,�s •�` . • f: <_' :
<br /> '� g�{ Pmg�ty wlthoai B `,Y: �
<br /> ��` �� ` at Bene$ ia�s aptton,e�the I'�c�perty at anY ma.sanable t�me for the pu�ose af inspe�Ing the P�B�� �: . _ . �,:��`t. .
<br /> � � ��` . '. � �i n s p e��-•o�n af tt e�mpettp sLa�l 6e enii�ely faz BraeBci�y's braefii a�+i Tnfator wiil in n4 aray cely on s ~;�� :. ,..
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<br /> � f' ,:. , 13.A�TI'�OItFI'Y TO PERI�ORM.If Ttustas faits W�rfoim anp of Ta�star's dat�ugder this Deed of Trust,or aaq other : ;�.< .... �` .
<br /> .,.– or otlu�liea cbacoment tbat has prtorlty over tbis Deed of Trust.Sene�ciaSY " # `� �
<br /> �.---�, uzo ,d�d of tn�st.'&eauftY agu�mmt °
<br /> -- msy,w�e'uut notice.Bergot�t�e dutites tyr ca�t�m to�g�ed•Tmistor appaiass Benefic3azy as attomeT+ia fact to :L _ ' :
<br /> � y���.�� p IIE *p Q{���„,,� 't,,�p,.,� ss discont�nued or
<br /> 5 . ... " ffigQ 1[11ifWi 8 Q�.�T���J �9�����•Y$-I WLJ1iWU0I1�iY�iavp�• � � ,.<.' t.�
<br /> . , nat canied on ia s reasonable ma�er,B�aeSc�az9�aY do wfiatevea is ne�essaiY m Pmt�B�e�ciary's ceauitg interest , �:�<< ,, __�
<br /> . ` ', in Ute Pmperty.lbis may iuctude campletia$the wnstmc�Inn. • , �.`� � ::
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<br /> • • ���� ss li3YlY.r+� �� l 4�.y -
<br /> � '�,y-`,.:�.�� Beaeficisty's dght to petfo�fot'Y'castos sbatl not csrate an obligat�ou to perfoan,mtd BeanefcIary p �. .
<br /> . at
<br /> w�l aot paec�ude�►fmm exeic�ng aaY of Be�efic�ary's otaer rights�der the!aw or thts Deed of Tms�A�4y �..�
<br /> ss .�., -
<br /> } _ " amounrs aaid isg Beaef�Iail► �O��8+P,��or othe�wiss pmte�ng ttte gmP�J► e�Beneficlaay' ecauitY . _ ---
<br /> ;`� interest wlll 6e dae oa demaud and wiii�m�s uom�s�:,a'•�[�3i������^=��`� . --.
<br /> ° 4;s� w th�terms of the BvId�cc of DeM. • � _-
<br /> ' effe�t fmm tin�e to tIme sccardin8 .� '`�Q=-".
<br /> . , �_� ,
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<br /> ��a,�,., i4.ASSiGNN�I�i'�OF II.�d�SF�Al��ENT.S.Tmst�iz hievocablq gcants,ooav�ys aM aells as additional serurit3►aU the �U
<br />- • � . :� •, ,, rig6t,tItle aud inix��Ead to any�d att: es aa��9 mher wsiaen or verbai agaeeme�s far the nse�aud �-_::
<br />= t'� :�: A. F,s,siiag or funue leases.sub2eases.lIcenses.guarantf .
<br />- � o c c u p a t t c y o f a�po rt l�►o f t h e F m p e ri y,inct�dia 8 a n Y ex�ons.rEnetNats.madifrcations or sa�stitut€ons of :F. :`.,. .
<br /> � � < --
<br /> - suc&i agre�tea�ts(all refc�to as"Leasea7. �n a t l�n n i t e d t o s e c u r i t y d e p n s i t s.m��. `. '
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<br /> . , .. . B. Rents.isgues and pmfits(a l l�to as`I i�t s"�.�n c�a 8 reat estate ta�ces. ather
<br /> . � :: Per�age tent+ additionat rcaY. cumm3on asea maint�nce ct�rges+ P�� �TS�• ��''U -_.__
<br /> ent
<br /> - �-:..,: a p p ll c a b l e t a x e s. i n s a�a a c e P�tt i u m c o n m'6 u 8 o�. li q u idat�dama ges followiag deF�It,caucetiation Premi�s• _._�
<br /> ,. • , "Ioss af tents°insaraus��or�n'acca�imt��p�r a�cxupant,y of tt�vr�huo����e��y� ` �~�.:
<br />- .. ` �- ��,�yway� v,.-"' •r��
<br /> . - � �.__
<br /> . �': . vfde BEae8c3ary witb uae� oomect cop�es of ari exisdag aad fat�e�Leases. Tc�sWs ms�► ._ ` .�
<br /> '�M� Tmstor atlU pmmptiY P�
<br /> �` � .. colteq,receive,enjoy snd use the Reats so long a�T:nstos�a not in def�I�'�'suswr wilI not colI�ct ia advance sny Re�s �J�..—
<br /> - :.::�;:. due ia flmue t�se p�rinds.mtless Tta4cor fizst oDtains BeneficIas�l's wriusa consew.LTpon d�fautb Tiustor wIll recdve �• � _�_,. �
<br /> .: . any Reats iu uust for BeaeSciatg a�d Tcastor w311 aot c�mmiagle the Rert�wltli 8nY other fimds.Any amou�s coller� � :.�-_
<br /> " ; < sLall be agplfed ai Beae�arY's disaatpn to payments oa the�Debt as thereia pmvided,w casts of managtng the —
<br /> u�us.rePaiis. aud commissioas to rental ,,, _
<br /> .� �P�Y• iacluding.bot not vmited to, all taxes�as�s,�tsurance Dre�i , �
<br />__: ° '. , .. ��.�'�9ny athet necessatY retated exPenses iuctndiag Ii�meScIary's aitomeys'fees.PataIegal fe�s and conrt costa. ':�',�+, .,._--__-
<br /> h .: , Trustoi aclmowledges that this assignineat Ls perf�uPon the re�crdfiag of this Deed.of Trnst and t{�t Heneficim9 is . � ;a
<br /> . endtled w noi�+an►Y of Trastot's tenants ta ma�e paymffit ot tents dne os to beoame dae to Bea�fit�ary. Hpvrever. -
<br /> . Eea�ciary age�s that onlY on default�nU Bene�Y noHf1+Tmswr aad Tiastor's tenaats and make demaad fliat all ._r�_
<br /> . , iittuie Rents be paid dur�tty W Benefictary. On reoelving the aotice of defanit, ;mswr will endorse and d�liver w . _,=,�v
<br /> ' , � BeaeaciarY anY PaY��of Rent in'f'rustor's possesslon. _`��='
<br /> .�,�_—
<br /> � Trustor cavenflnffi tbat no default e�ists under tbe Leases or any applicable laadiord law.Tiustor aiso caveQamts aiW a8te�s .�'.___'� .�m_--.
<br /> . � �
<br /> � •� W maintain.and to reqalre tbe tenants w wmply with�the l.eases auA aay spplicable law.Tsastor ari11 pramptlq notlf3► � ---
<br /> Ben�tic3ary oY�a�►noncompliaace.If Tcustar negtects or seii�w enfome campliaace with the tams of the Leases.tben . .r ' -
<br /> � BEnefic3ac5►maY, at Benefrcu�q's option, enforoe complisace. Tsvswr will obtain Be�e£ctary's wriaen a�ttarizatioa T� lY
<br /> , , before Tcustar coac�ts W eabt�, modifY�cancel� o:otheswise alter the Leases.w accept the snrre�det of t6�PropeRy � _ ---_
<br /> � cavereA by sucb Leases(uNess the Leases so requtise),as to susign,comprcm9se or eIICnmber the Leases ur any lbtate'
<br /> , � Re�ts.Tnutor w1U hold Bene6ciary ha�ess au� indemaify BeneS�tary for any and aU liabiltry.toss ar damage that, . - -
<br /> -` _ � .. ;. Beasflclary may incur as a cons�aeace oY the assi$ameat ua�er this secttan. • _'_ .,.
<br /> .. . . - • _ r�Jl�
<br /> . . � 1S.�NDOA+lriVIUMSi PLAI�11�1ED 1JNIT DEVELOpNIt:PiTB. If ihe Froperty iaclttdea a unit �a a condaminium or a �- .. �;...�
<br /> • � ylauncd unit deveIopment�Trustor wiU perP4im all of Trustor'e dut�es�der the cavenaa4s.bylawe.os regulatimns of the ,. :..�.:s:.__�:.:.-
<br /> • � .. ' condomtai�or planaed un�t deve2opment. ; , . . ., , .
<br /> -� �. . 16.DE�►'AIJLT.Trustor will 6e in deFault if any of t6e foUowing acwr: _ _ �
<br /> • q, pmy party abligateA on the Secured Debt feils to make paymeat when dae; � � ,
<br /> • � 8. A bseacb of any term or coaenaut in th9s Deed of 7Yust.any�rIos mortgage or a�uy cans�ucciau loan agre�men�, ;
<br /> - - . _,. -- : s�carity agreement os�ay other document evld�c}ag.guarar►tying.securing or oWeruvlse relating to the Sec�red •. .
<br /> ,. DeDt:� � . .
<br /> � . � • C. The raaldng or tiunishiag of any verbal or written representatton.sratement or wananty to Beneflclary that is false
<br /> '"_..: .' as incorrect in aay materlal�espea by Tn�stor or aay person or entiry obllgated o�the Se�aued D�ebt; . � •
<br /> . � D. 'f�e death, dissolu@on�e�o�atment of a receiver far,or applicaflan of any dJ��s c+ellef taw to,'IYustor or an� • .
<br /> �; � � � person or entiry obNgated on the Secured Debt; �,
<br /> � E. A guod fa�th belief by Ben e a c i�r y at auy time that Benefsclary is iaseaue witb respcct w amy person or enflty .
<br /> .� .. � o b l i g a t e d a n t h e S e c u r e 0 D e b t o r t b a t the pro s p e c t of an y pa y m e nt is i m palred or the Property is impaired: •
<br />_ .. � . � P. A material adverae shange in'IYustor's Du��ness iacluding ownelship.manage�nent,and fnaacial aondlflons.wh2cb . . .
<br /> � ' � � Beneficiary ln its opinion 6elieves impafts the value of the Property or repaymer.t of the Seaired Debt;or . � ;
<br /> ' • � �• (3. Any toan pmceeds are use98 for a purpose that wi11 oonuibute to excessive erosion of tugbly erodible land os to the .
<br /> ' � converalon of wetlattds to produce aa agticultural cammodiry�as fiuther explained in'7 C.A.R.Part 1440�SubDart ., .; .
<br /> , ; G,Eabibit M. .
<br /> ; ` � 1�.EtE6iLDIL+5 ON DEPAULT.Ia some instances. federal and state iavi w111 requlre Beneflciary to provtde Tn�stor aritb .
<br /> notics of the right to cure. mediation aodces or other aotices aad may establish time schednles for foreclosure actiaas.
<br /> �� ' 5ubject to these iimftations. lt aay.Heaeflciary tttay accelerate the Seaued Debt aad foseclose this Deed of Trust in a �"' •� �
<br /> . � ! miuuier providod by law if this'[YusWr Ls ln default. , .
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