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<br /> '�2. ASSIGNMENT OF LEASES ANQ RENTS.Trustor irr�v�tabl�grants,con�eys and sells t�Trustee,in
<br /> trust for the benefit of 6eneficiary,as additi�na�s�curity all the right,title and int�rest in and to any and all
<br /> �xisting or future leases,subseases,and�ny other w�itt�n or�erbal a�r�em�nts for th�us�an�i o��upan�}r of
<br /> any portian of the Property,in�luding an�ext�nsians,renerrWals,modifi�ati�ns or substitut�on�of such
<br /> agr�ements�a11�eferred to as"Leas�s"�and r�nts,iss�s�s and profits�all referred to as"Rents"].Trustor'will
<br /> pramptly pr��ide Benefi�iary with true and correct copies�f ali existing and future Leas�s.Trustar ma�r
<br /> c�tlect,re�eiue,enjoy and use the R�nts so long as Trust�r is not in d�fault under the te�rms of this�ecurity
<br /> lnstrurnent.
<br /> Trustor atknowledges that this�ssignment is perfect�d u{�on the recarding of this Deed of Trusi and that
<br /> Bene��iary�is entitl�d ta notify any�f Trustor's tenants to mak�payment of Rents due ar�o become due to
<br /> Bene#iciary.However,Benefi�iary a�re�s that onl�r on default will Beneficiar�r notify Trustor and Trust�r'�
<br /> tenants and make demand that all fu�ure Rents be paid directly to Benefi�iary.On re�eiving n�ti�e of default,
<br /> Tru�tor wili endorse and�eli��r to Beneficiary any paymen�of Rents in Trustor's pa�session and will recei��
<br /> a ny R�nts�n trust far B�nef�cia ry a nd wi I I nat��mmi ngle th�R�nts with a ny other fu nds.Any a mounts
<br /> �ol le�ted�ili be appl ie�l as pro�ided i n thi s Se�u�'ity�nstrument,T�ust�r�varra nts that na�iefa u It e��sts u nder
<br /> th�Leases or any applicabie landlordltenant lav�r.7rustor alsa agrees to maintain and require an�r tenant to
<br /> �omply with the t�rms of the Leas�s and applicable law.
<br /> 13. LEASEHQLDS�C�N��NIINIU�1�15;PLANNED UNIT QEVEL�PMENTS.Trustar a�rees to compl�r
<br /> with the p�or�isions of any l�ase if this Security�nstrument is on a leasehald.If the Pro�erty in�lude�a un�t in
<br /> a�and�m�nium or a planned unit d�velopment,Trustar will perf�rm aEl af Trustor's duties under the
<br /> co�enan�st by-laws,or regu lations af the candomi ni u m ar pla nned u nit
<br /> development,
<br /> 14, DEFAVLT. Trustor�vili�e in default if an a obli ated an the Secured Debt fails ta mak� a ment vr►h�n
<br /> }�R �Y 9 � Y
<br /> due.Trustar will be in default if a brea�h a��urs under the t�rms af this Seturity Instrument�r any oth�r
<br /> document exe�uted f�r the purpose af creating,seruring or gua�antying the Se�ured Debt.A go�d faith belief
<br /> by Beneficiary that Benefi�iary at an}r tir�e is inse�ure with r�spe�t to any per�an or entity obligated on the
<br /> 5ecur�d Debt�r that th�prospect af anyr paym�nt or the�alu�of the Propert�is impaire�shall als��onstitute
<br /> an���nt af default.
<br /> 15. RElVIED1E5�N DEFAULT.!n some insta n�es,federa I a nd state law wi Il re�u i re Benefi�iar}�t�p�ovide
<br /> Trustor with notice of the right t�cure�r oth�r nati�es and may establish time schedules for forecl�sure
<br /> a�ti�ns.Subje�t to these limitations,if any,Ben��ciary may accelerate th�5e�ur�d Debt and for��lose this
<br /> Se�urit}�I nstru m�nt in a manner pr��id�d by law if Trustor is i n defau It.
<br /> At the option of Beneficiar�r,a I I or a n}�part of the ag reed fees and charges,accrued i ntere�t a nd pri n�i pal
<br /> shal!becom�immediate�y due and payable,aft�r g��ing notiC�if requi�ed b}�law,upan the a��u�r�n�e of a
<br /> default or anytime thereaft�r.In addition,Benefitiary sha�l be�ntitled ta a��the r�medies�ro�ided by law,
<br /> the tetms of the Secu red Debt,th is Se�urity I nstru ment and any related doeurnents,�ncl ud iny without
<br /> I�mitation,the po�rer to sell the Property.
<br /> If ther�is a default,TrustQe shall,in addition ta any oth�r permitt�d rem�dy,at th�request of the
<br /> Benefi�iar�,ad�ertise and sefl the Property as a wh�l�or�n separate parcels at public au�tian to th�highest
<br /> bidder for cash and�onveyr absolute titl�free and�lear af aIl right,tit�e and interest�f Trustor at such tirne
<br /> and place as Trustee des�gnat�s.Trust�e shail�i�e natice of sal�including the tirne,terms and plac�af sale
<br /> and a description of the properry to be sald as required by the applicabl�law in effect at the time of the
<br /> proposed sale.
<br /> U pon sale�f the Pro�erty and t�the�xt�nt not prohi bit�d by laur�,Truste�sha I I rnak�a nd del i�er a de�d to
<br /> the Property sald which con�reys absolute tit�e to the purchaser,and after first paying all fees,charges and
<br /> costs,shall pay to Beneficiary all mon�ys advanced far�epairs,taxes,insurance,liens,ass�ssments and priar
<br /> encurr�brances a nd i nterest thereon,a nd the�ri ncipa I a n�interest on the Secu red Debt,pa�i ng the su rpl u s,if
<br /> an�r,ta Trustor.B�neficiar�rnay pur�has�the Propert�r.Th�recitals in any de�d of conueyan��shall be
<br /> prinna fa�ie ev�den�e af the fatts set farth therein.
<br /> All remed ies are d istinCt+�u mu lati�e and not�x��usi�e,a nd the Benefi�ia ry i�entitled to a I I remed ies
<br /> pro�r�ded at�a�or equity,vr,rhether or not expr�ss�y set forth.The acceptance by Beneficiary af an�sum in
<br /> payment or partial payment on the�etured Debt after the balan�e is due or is a�telerated or after foreclasure
<br /> proce��ings are ffed shail nat constitute a wa�ver�f Beneficiary's right to requi�e camplete cure af any
<br /> existi ng defau It.B�nat exercisi ng a ny remedy on Tru stor's defa ult,Benefiti�ry d�es not v�rai�e Benef���ary's
<br /> r� ht t�later cons�der the��rent a default if it�ont�nu�s�r ha ens
<br /> � I�p
<br /> again.
<br /> {page�4 of 7j
<br /> _�99�4 Wa�ter�!(luwer Finan«al5ervices-Bankers Syt�ems � Farm U5E3-REDT-NE 11l18l�012
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