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<br /> - �° LenBer. The foregoinq �a�rranties aad representations, and '`,
<br /> ;.� � °� Borratrrer's obli gations pnrsnant to the foreqoing indemuity, shall r`�"`� �
<br /> • .:. . .•.: ��::<<- . _
<br /> .":� �E�`�.:�.�;`,°r,::-� survine repaym$nt of the No�e and the reconveyance of this Deed _
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<br /> S 9. gssigument of Rentsi �a�tement of Property. As r ��`-
<br /> :: �,�` .�-- . ���.` additianal secnri�y hereuader, Hormwer hereby assigns to Lender �``
<br /> �-=¢"`j�'�` the zent$. issues and profits of the Propertp, provided that � ' "`
<br /> `�'��` Borrar�er shall, prior to acceleration nader paraqraph lI hereaf :�`
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<br />- �E.. �.:•`` `-+:'=� or abaadoament of the Property, have the right to collect and ��"`�°°�:
<br /> :-,�-- - -..; :'��- ..
<br />- • --� '-.• �. retain such rents, issues and profits as they become due and pay- ��`�:;_
<br />;-.-4.:" `-� _-��_:�`�� able. Opon acce�.eration or a1�aaHonment o� the Propertp. Lender .;��a:�,
<br /> •:`.`�.::.'`,�_;:�:;�-Z� may, either in person or bp aqent, Taith or withont brinqinq arsp �;��Q�
<br /> J � �:: :s<=- action or proceediaq. or by a receiver appo�nted by a court and � :-�:
<br /> ``-_` ,`._: : '=�: wf.thout reqard to the adeqnacq of its secnritp. eates upon aud `�_-�
<br /> . .r. � .�: , t; �.:.
<br /> "��� take possession of�the Praperty, ar any part thereof, in its own '`:`�
<br /> �`'�`` aame or i.a the n�me of the' Trustee. and do an.y acts which it
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<br /> ` j�T" ` '`` deems necessary or desirable to ,p�reserve the valne, marketability
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<br /> ,,:r:�•�. ��xr. � . qf��.
<br /> , -,,: ; -..�._, ,,;,�• or rentability of the Property. or anY PasY thereof or interest .1:
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<br /> ':'�;U:Q. �•�:.•=k'�:�:�� therein. ia�zease the incame therefrom or protect the secnrity .,_L-:�
<br /> , ���"�-:�:'�� hereof and, with or �rlthout takinq passession of the Property, : :.
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<br /> � _ :--:����; sae far or atheswise collect the reats, issues and profits �.<�r:;
<br /> --'��L:�,:r::��,. . . 1 �he same. �=�=_�
<br /> - "'" -.f�: thereof, including those past due aad unpaid, and apP Y
<br /> ��-�.f=;:.�;:�;�,:�=.:�`:�:� .
<br /> ' - �` ` =��"'�� less costs and expenses of operation and callection, inclndinq =.;�_
<br /> ��.�',�:�-� ;.
<br /> -,�'`:�;`�°' .->". attorneys• fees, apan any indebtedness secnred hereby. all iu :�,�-.:
<br /> > •. ,.: sacb order as Leuder may c�eiermiue. The eA�inq upc�n and taking •�;:�:<<,
<br /> r � possess�on of the Froperty� tha col2ection of Snch rents, is�ues • ��"
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<br />- -� -�"'~�-�=- and profits and the applicatian thereof as aforesaid, sIaa21 not
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<br /> - -��-5: cure or waive auy defattlt os notice of default hereuuder or �,��-:
<br /> `°f rr°:` ��-�•`""�t`��=� . invalf.date any act doue fa response to such defa�lt�or purstaaat -
<br /> . _; ,;,.;
<br /> :i � n9 �.. • ta. such no�ice of defaalt and, notwf.thstanding the contianance in � �^
<br /> : :,� ,.��,. ::�,., � ppssession of the Propertp or the collectioa, rec�ipt and applica- �s,
<br /> :���°��� tion of rents, issues or profits. and Trustee and I�ender sha�.l be . � =_=-
<br /> _ •� =_ -� � entit2ed to exerGise every riqbt •pzovided for in any of �the boan =���_=-
<br /> . ':���'+�:.:;.��:: ' I�strnmeAta ar by law upoa eccurzeicce a� aaY 8vent �of Defanit,
<br /> - ���:��,. � f,nciudinq. witho�t Ii.mitatioar the right to exercise the pawer of _
<br /> .. - -„ -';:..`: .�.Y � sale. g'urfi.&er, Lender's rights and semedies under tAi$ paragrap2Y -
<br /> �"��=}=.��:. :�, . 9 shal2 be cnmulative vritb, and. fr� ao way a lfxnitatioa on, _
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<br /> � ;.r-..:•-`;-- ° � Lemaer•s rights and remedf es under aap Assiqnment of I,eases �and.
<br /> � :� ' ,� �.: ,�. Rent$ recozded agafast the. Prapertp. Lender, Trnstee �ud �he
<br /> .` `��'`-�` secefver sha22 be liable to account oa2p for those rents actnally
<br /> '�'- �;�: � �eceive3. � � .
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<br /> ,�.`.�`:�',;;�:.y - � - - 10. Events of Defanit. The follawiag shall constitn�e
<br /> s�:�•�'' � ==•� an Event o� Default under s Dee��of Trnsts . .
<br /> :�_ . . .. .
<br /> ' ` � � ta) F`ailase to pay any i.nstaliment of
<br /> .:� ' :.�4, �, � • principal or intesest or any other sum secured hereby . ,
<br /> �:;',',.,:;. ;;..,: .
<br /> , :_ .� ,; r w�en due, or fafinre to pay w�ea due any other indebted- �
<br /> - �`����`�.�� � ' � ness of Borra�aer �o Ler:Bert .
<br /> . _ �`�:1.��.r'.:Y:�' � ' . �
<br /> .,��.:"t'':-. . . . .
<br /> �.,'::.-d•c , , >> . .
<br /> �� ;� tb) A breaah of or default nnder any provi- .
<br /> -_ ,;:�`r: sion contained in the Note: �e Deed of Trast, any of . .
<br /> .:'�:�:,°::��-=':.;,` �:: the Lq�n Instruments, or.any other encumbra�ace npon. the .
<br /> :� � Property• aPter q3vf.nq efFect to any applicable cure
<br /> __ _ -:�s�:::�ti�.= per3ed cont8ined therein= -__
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<br /> � '•= `�"` f c� A w►rit of execntioi� or attachment or any - -
<br /> "" sim32ar psocess shall be entesed aqaiast Borrower v�hich � � �y-
<br /> - ,
<br /> ' ' i � ahali becomA a 'lien on� th� Pzopertp or any portion � _
<br /> — ~ � th�reaf or intesest therein= � � � �=-
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<br /> r °` "..`. t8I There sha31 be Filed by or� against � ��"�
<br /> '`''°`'�'���.'�-� �r. Haarawer an actfon under any present or future feSeral,
<br /> ����-�'- " ��-�� st��e ox ather statute, law or reqnlation se2ating to �'`
<br /> .:�„ � �� bankruptcy, insolvency or other relief gor debtorss or� �
<br /> � �� " there ahall be appointed any tsnstee, sacefver or '
<br /> ':-- --:.�°-�.`s of ail os aA srt of �he �`�_
<br /> -- ,__�:�_.r:._..:...{:.. liqufdatot of Horrawer os� Y P � =�-
<br /> �'�`���' �'"� Property, or the rents, issues or pro£its thereoP, or
<br /> � �' � Bosrower shaii make anp qenerai asaigmneat fas the � ..
<br /> �- benefiL of creditorst
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