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��1 5�7�47
<br /> 1 Z. ASSIGNMENT OF LEASES AND RENTS.Trustor irrev�cably grants,�on�eys and sells to Trustee,in
<br /> trust f�r the benefit of Bene��iary,as additional security all the right,title and int�rest in and t❑any and afl
<br /> existing or future leases,subleases,and any other written ar�erbal agreements for the use and o��upancy of
<br /> any partion af the Praperty,including any extension�,ren�wals,modifi�ations�r subst�tutians�f�u�h
<br /> agreements�all referred ta a5"LeaSes"}and rents,issues and prafits�ai!referred to as"Rents"}.Tru�tor wEll
<br /> promptly pro�ide Beneficiary with true and correct�apies o�all existing and future Leases.Trustar may
<br /> callect,re�ei�e,enjoy and use the Rents sv iong as Trustor is nat in default under the terms of this 5ecurity
<br /> lnstrument.
<br /> Trustar a�knowledges that this assignment is perfected upvn the recarding of this Deed vf Trust and that
<br /> 6eneficiary is entitied ta nvtify any ofTrustor's tenants ta rnake payment af Rents due or to�e�ame due tv
<br /> Beneficiary.However,Bene�iciary agrees that anly an default will Beneficiary noti�y Trustor and Trustor's
<br /> tenants and mak�demand that all future Rents be paid directly to Beneficiary.�n receiving noti�e of de�ault,
<br /> Trustar will endvrse and deli�er ta Beneficiary any payment of Rents in Trustvr`s possession and w��l receive
<br /> a�n�Rents in trust fvr Beneficiary and will not cornmingle the Rents with any❑ther funds.Any amounts
<br /> � ected will be applied as�rv�ided�n thEs Security Instrument.Tru�t�r warrants that no defau�t ex�sts under
<br /> the Leases�r any applicabfe landlord�tenant�aw.Tru�tor als�agrees to maintain and require any tenant to
<br /> carnply with the terrns of the Lease�and applicable law.
<br /> 13. LEASEHDLDS;C�NQDNIIN�UMS;PLANNED UNIT DE'�EL�PMENT5.Trustvr agree5 tv�omply
<br /> wi�h the pr��isians of any lease if this 5ecurity ln�trument i�on a leasehvld.If the Property inc�udes a unit in
<br /> a�vndaminium or a planned unit de�elopment,Trustor wi!!perform all of Trustor's duties under the
<br /> �o�enants,�y-laws,or regulatians af the�ondaminium ar planned unit
<br /> de�elopment,
<br /> 7 4. DEFAULT. Trustar wi II be in default if any party obl igated an the 5ecured Debt fai f s to make a m�nt v►rhen
<br /> PY
<br /> due.Trustor will be in default if a brQa�h���urs under the terms of this Seeurity Instrument vr any other
<br /> document executed for the purpose�f creating,se�uring or guarantying the Secured[7ebt.A gaod faith belief
<br /> by Beneficiary that Beneficiary at any time is inse�ure with resp��t t�any person or entity obligated on the
<br /> Secured Debt or that the prospect of any payrnent or the�alue of the Pr�perty is impaired shal�also ranstitute
<br /> an e�ent of default.
<br /> 15. RENIEDIES�N DEFAULT.In some instances,federa�and state�aw wi�!require Beneficiary ta provide
<br /> Trustvr with notice of the right�o cure or nther notices and may establish time�chedules for fareclasure
<br /> aCtivns.5ubje�t tv these�irn�tations,if any,Benefi�iary may ac�elerate the Secured❑ebt and foreclose this
<br /> Security lnstrument in a manner pro�ided by faw if Tru�tar is in default.
<br /> At the option of Beneficiary,all ar any part of the agreed fees and�harg��,accrued interest and principal
<br /> shall becorne imrnediateiy due and payable,after giUing natice if required by law,upon the�ccurrence of a
<br /> default or anytime�hereafter.In addition,Beneficiary shaff be entitled ta aEl the remedies pro�ided by law,
<br /> the terms of the 5e�ured Debt,thEs Security Instrument and any refated document�,including without
<br /> limitation,the power to sell the Property.
<br /> If there�s a default,Trustee shall,in addition ta any other permitted remedy,at the request of the
<br /> Beneficiary,ad�erti5e and sell the Property as a whole or in separate parcels at public auetivn to the highest
<br /> bidder far cash and con�ey absolute tit�e free and clear❑f all right,title and interest of Trustar at�uch time
<br /> and pla�e as Tru�tee designates.Trustee shall gi�e natice�f sa�e including the time,terrns and place af sale
<br /> and a destriptian of the property tv be sold as r�quired�y the appEieable law in effect at�he tErne❑�the
<br /> proposed sale.
<br /> Upon sal�of the Prc�perty and tv the extent not�rvhibited by iaw,Trustee shall make and deli�er a deed tv
<br /> the Property sold whi�h��n�eys absalute title tv the purehaser,and after f"rr�t paying all fees,�harges and
<br /> �osts,�hall payto Beneficiary all rnoneys ad�anced for repairs,taxe�,insurance,liens,assessments and prior
<br /> en�urnbrances and�nterest th�reon,and the principal and interest on the Se�ured�ebt,paying the surplus,if
<br /> any,tv Trustar.Benefi�iary may purCha�e the Property.The r��itals in any deed of con�eyance shal!be
<br /> prima fa�ie e�iden�e ot the fa�ts set forth therein,
<br /> All remedEes are distin�t,�umula�i�e and nvt ex�lusiUe,and the Benefieiary is entitled to all rernedies
<br /> pro�ided at law or equity,whether vr not expres�ly set fnrth,The acceptance by Beneficiary af any 5um in
<br /> payment ar pa�tial payrnent an the Secured Debt after the balance is due or is accelerated or after f�reclosure
<br /> proceedings are filed shall not tonstitute a waiver vf Beneficiary's right to require eompl�tQ eure of any
<br /> existing default,By not exercising an remedy on Trustar's default,Beneficiary does not waive Benefi�iary`s
<br /> right to later con$ider the event a de�au�t if it�ontinues❑r ha ens
<br /> pp
<br /> again.
<br /> �Page 4 of 7]
<br /> _1994 Wtilters I(luwer Finan�ial 5ervices-Bankers 5ystems Y Farm USB-REdT-NE 911'!fil�d1�
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