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<br /> �II VdT11E t0�LC ` .���
<br /> � with othea onal etty ai least equal �f;: . . r
<br /> _� ��� ' or obsoleo�.Prov�ided that such geasonal gropectY is�ePla�d � a � ar osh� eacumb�se. Suc� . ~ `'°
<br /> � . ,• replaced pers ��vp�ty, free frv�n title �on device. sec�itY S�� _ `,..:b`` <<� _
<br /> '`,f ��?•` ` I�t o�s o n a l p i o g e rt y w I l t b e d ce e d s u h j�c t t o t h e s�r l t Y mt�est���d bi►tbis TiJeed of Tmst.Tiustor sh�ll . ;
<br /> . . :i , r e p ogerty ��B�eTciary's Psiar a�i�n conseat.B e n e 8�1►or Hene B c I e:y's a&� � _ ��
<br /> ' parStion or sntiaivide-tlie PraPe�tY le tlme foz the se of iaspecdng the PropB�e�► Y ` `'`` : `F-�
<br /> . .,� :.'� may,.ac��'S oPt�o�enier�e Prog�►at any ieasonab P�Pa ' ,`4..;` _
<br /> ,� � inspecttoa of the P�+d p e t t y's h a ri be�iinei y for BenefiriaiY's 6enefit and Trustar will ia no aay rely on Sciar�r's .. ..
<br /> , ,�` :. " . �� fa�s w omm any of'l�ustor's dnties under tbis Deed of Trast,or aay other �` . .`:..��';^V
<br /> ��` 13.AUTHOttITY TO 1'ffi�'��M•If T:ustor P� ---
<br /> ..•��-�--'. u�rtgage.dced of trust,•s��rlty ag�or other liea dacamment that has priority over this Dexd of Ttust,Benefu�iarY .' -
<br /> s -_. �y,withtiut natice,Perfoim the daties or c�se theffi to 6e perfoimed.Tn�stor apgo�BeneBctary�s attomeY in facc w - -
<br /> . . , sign Trustor's name or paj�:�ny amount n�sary for Perfo�.��y�a���O�is disoonduued or . L =`
<br /> . . not carrled nn in a�onat�2e manaer,Benefc3a�9 araY d��rhafever�S necessa�Y to Dtotest BeneficIaiY's sec�rtty�t
<br /> • ' � in the Property.This may inctatle wmpt�ng ihe oonsCn�tioa- y - _ Y,�F
<br /> ._ � . g�gda�yS rig,ht to pe�a�m far Tzttswr shatt not c�e an obligation w Perfoim+and B�c1arY's fa�ure to'perfomi ,`� �, -
<br /> �{ � ` w�l not reclude Beneficiary from exe�ci.sing aap af Beaef�ciasY's other rights und�r tfle law or this Deed of Tn�st.Any _ ` _. ` .
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<br />-�` � ..'� res or otiieiwise rasec�n$ the PmPertlt � BeaeSciary e sesaiity `:•-.;�:; .';., , ;
<br />- : mnoimtss paid by BeAeficiarg for i�surmg, P �S p u�l PaW in fTaall at the inte�et rate ia �``<<�--.
<br /> ' . . ' hit�est wUI he due an demand and w1I bear IntQrest ftom the date of the pay� Il . . _
<br /> . , � efferx fmm time w time aocording ta t�i�'terms af t1�Bvldence of Debt. .. �-'°_�
<br /> : : ' ,. '' AN]D RIIrYP3.Tinstor irrevocably grants,sunveYs aad selTs as additional secutlty all tite
<br /> . `, 14.ASSIGIVN�I�PT OF L� � .
<br /> h . � , . . � ' rFgtrt,dfle and intemst ia sa�ta any snd all: .
<br /> � • �� A. Badso�ag ar fatt�3eases,sableases,IIo�ses.gn�nties and aaY other writteu or verbal agc�neats for the use s�
<br /> ': . r � lncIudtug any ext�ions,r�n�, �°�or snDsutatians of
<br /> . - a�upaa�y of aap poiticsa of the,Properts►, � -
<br /> snch agrcements(a13 tefe,�ed to aS"�es°}. sits,miniamm c1�t. -
<br /> • B. Rents,.issues and pzn�ts(all reffer�ed to as"Rents'7,mclwding b�not limited w se�ritY r�°eal �tate taxea. other ---
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<br />_-:- . _ . perce�tage reat. ad�tianal �nt, ca�nn area �'��P�B� • . -. _ —
<br /> .. 'applic�able taxes,�s�P�conm'butions, foIlowin de malt, caacellat�oa preminms. . �
<br /> . , °loss of rents°�r�vem�es,mYal6es,Pmceeds,bom�ses,��w�hole or aay p�t of t�he Pcopecty y�ave �0_
<br /> . ' that in an9 a+a}►Pertains w or�S an accouat af the a..�e or oocupanc.y .
<br /> � ' ti de Bene�ciar9 with tnte aad oarrect c�opies of a[Ti existing and funue Leases. Tmstor may • r�,.,�,
<br /> '•;� ,-,.._'�;.._ ,� -� Tmstor wiU pmmp Y P� `'- ��� _
<br /> . � • colIect.recetve.enjoy and ase ti�Rents so tong as'lYustor is not la defanl�'I'iuswr wi[i nat collecc in advance�y Reats ;�";4.':•:;.�:.
<br /> � due ln fntare lease penads.mmtess Trassar fisss obtams BeneScia�+'s writt�oonsent.Ugan defantt,Tn�swr wiU rereive _
<br /> � � ` "� any Re�s in uust for Beneficiaz9 aad 7`ivst�r will not cummingle the Renis with a�r ather fimd�.Any►amou�colle�ted �_:
<br /> ..`':��� sball be applied at BeneficiarY's discxeagn w paymeats oa the Secur+ed Debt as tflerein provided,to costs of maaagin8�he ��.
<br /> ' - � �P�Y, includi�ng.Qnt not limited to,alt taxes, �sse,s.�^*A, ins�uance premiams�r+ePa�e,aad conom�ssions to reutal ::�",;
<br /> � , agea�s.and to aay other neoessary�e1��Penses incladiag Beneficlar9's aiwmeYs'fas.Faralegal fees an�cuurt costs. . _ _
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<br /> � '. . : Ttuswr acknom+ledgea tbat tbis assip.�mQnt is perfer.ted apon the recording of this Deed of Tmst and that Henefclary is A� _
<br /> ... endtied to noti�y any of'I'rustar's t�amts to mage pa9went of rents due or to become due w•BeneficiazY. However, _
<br /> . ,� . . - - . Benetis3ary agrees that only on default will Bene6cla�y►nutif�►Truswr and Trnswr's tenaats�d matce demaad tt�ai all - , __
<br /> �i� . : .. future Rents be paid directly w B�nef ciarY. On reoeiviag the not�ce uf defautt; TnisWr�11 eado�e and deliver w ,�^._
<br /> , . . Benefictary aaY F�Y��of Reat in Tcnstor's possessioa , � -
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<br /> � . � Tiustor covenants that no default exists imder the Ixases or anY ePPliqble landlord law.Tiosior also covenants and agmes � :.`�`�
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<br /> ' .�" � to maiatain,and to require the.tenants to wmply artth,the Leases and anY aPPlicaDle law. Tmssor wi]t promP�Y n�Y .—_
<br />':�; . � Senefl c I a ry of any no�liance.If'j'r�stor negt�rs or refuses to enforce comgWwce with the teims of the I.eases.then. . . • _--
<br /> . � .. ., Beneficiary may. at B e n e aci�rY�s oPtioa, enforcc compliaace. Trastor wlll obtain Benef�clary's written autho r i r a t ion _-
<br /> � . before Tt�stor cunsents w subtet, modifY•«�ncel,or otherwise alter the Leases.to accePt the surrender of the Property .. ' � :�_`�
<br /> . . covered by sucb Leas�<untess the�eases so reqnire).or w assigu,compromise or encarnher tDe Leases os any ti�ture ��,,.�,;.:,..;:,.•�_
<br /> - , ' • .- ��:<' Rents. '�Yustor wlll hotd Beneadary harmtess and i�denmify B�neficlarY for anY and all lIability. toss or damage that - __
<br /> � ..
<br /> ' ... BeneB c i a r y ma y.ivau as a consequence of the assignment under tbis section. . .
<br /> � . , : 15.CONDOMINNMS: PLANNL�D UNiT DEVELOPN�PiT3. If the Propeny iaclndea a unit in a condominium or a . : .
<br /> , � '�� plaUne4 uNt devetapment.'IYustor will petform all of Tniswr's duties under the covenants.by-laws,or regulations of the . .
<br /> n
<br /> ,.. _ . . , condominium or plaaae0 nnit devetopment. .
<br /> � � ` � 16.DEFAULT.Tnistor wlll be in default if any of the foIIowing occur: ��
<br /> � � A. Any party obli�ated on the Seaued Debt fails to make paya�nt when due; ,.
<br /> B. A b r e a c h o f a�u y t e r m o r c o v e n a a t i n t Ws Deed of Truss,an Y Prior mortgage or aay wnstrucaon toau agreement. - .
<br /> •;. ; . . serurity agrecment or any other docament evidencing.guarantyln8+Securing or otherwlse re l a t i ng to t he S e c u r e d � �
<br /> . � Debt; statement or wananty to Benefrciary that is false •. .
<br /> , ' C. The making or furntshing of aay verbal or written representadon, �
<br /> � : . ; or lncorrect in any materlal resPect by Ttustor or aay person or entity obligated on the 5ecured Bebt; � ,
<br /> • D. 'Ifle death.dissolutloa, appo�nmieat of a receiver for,os application of any debtor reltef law to.Tn�stor or any
<br /> �� � � Qerson or entity obligate9 an the Secured Debt; � � �
<br /> � E. A�aod it�tL 6ellef by Beneflciary at any time tl�at Benef�ciarY is insecuse with respect to any person or enttty , .
<br /> � obligated on the Secured Oebt or that the prospect of any yaymeat is impaired or th�e Property is impaired; .
<br /> . F. A materlal adverse c�tange in TtusW:'s husiness iacIuding owneiship.management.and finaarial condiflons,which . . �
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<br /> � ' � ' • Beneficiary in its opinlon believes lmpairs the value�Ythe Property or repaymenc of the Secured Debt;or
<br /> � . • G. Any loan proceeds are used for a puzpose that will contribute to excessive eroston of hig�ily erudible Iand or to tue . . .
<br /> � conversion of wettands to praduce an agticWtural commo�itS+.as f�rther explained in 7 C.F.R.Part 1940,Subpart , .
<br />- � (i.Exhibit M. . '.� �_. '
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<br /> � � 17.REM�DIPS ON DE6AULT.In some iastances, federal and state law will require Beneficiary to proWde Tn�stor wItb � . . �
<br /> � notice of the righl to cure. mediation aodces or other nottces and may establish time schedvles for foreclosut�e acttons. . :
<br /> :.'.�. . i Subjec[to thesc limitatians. if siny. Beuefciary maY accelerate the 5ecured Debt and foreclose this Deed o�Trust in a
<br /> ��" manncr providcd by Iaw if this Tnsstor is in default. . . :
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