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respect to payment of any indebtedness secured hereby or in the performance of
<br />any agreement hereunder. Upon any such default, Beneficiary may, at any time,
<br />either in person, by agent, or by a receiver to be appointed by a court,
<br />without notice and without regard to the adequacy of any security for the
<br />indebtedness hereby secured, (a) enter upon and take possession of the
<br />Property or any part thereof, and in its own name or the name of Trustor sue
<br />for or otherwise collect such rents, issues and profits with respect to the
<br />Property, including those past due and unpaid, and apply the same, less costs
<br />and expenses of operation and collection, including reasonable attorney's
<br />fees, upon any indebtedness secured hereby, and in such order as Beneficiary
<br />may determine; (b) perform such acts of repair or protection as may be
<br />necessary or proper to conserve the value of the Property; and (c) lease the
<br />Property, or any part thereof, for such rental, term and upon such conditions
<br />as its judgment may dictate. Unless Trustor and Beneficiary agree otherwise
<br />in writing, any application of rents, issues or profits to any indebtedness
<br />secured hereby shall not extend or postpone the due date of the installment
<br />payments as provided in the note or change the amount of such installments.
<br />The entering upon and taking possession of the Property, the collection of
<br />such rents, issues and profits therefrom, and the application thereof as
<br />aforesaid, shall not waive or cure any default or notice of default hereunder,
<br />or invalidate any act done pursuant to such notice. Trustor also assigns to
<br />Beneficiary, as security for the performance of the obligations secured
<br />hereby, all prepaid rents and all monies which may have been or may hereafter
<br />be deposited with Trustor by any lessee of the Property to secure the payment
<br />of any rent, and upon default in the performance of any of the provisions
<br />hereof, Trustor agrees to deliver such rents and deposits to the Beneficiary.
<br />Delivery of written notice of Beneficiary's exercise of the rights granted
<br />herein to any tenant(s) occupying the Property shall be sufficient to require
<br />such tenants(s) to pay rent to the Beneficiary until further notice. All
<br />persons owing such rents to Trustor are hereby authorized and directed by
<br />Trustor, upon receipt of written notice from Beneficiary, to pay such rents
<br />directly to Beneficiary.
<br />10. Leased Premises - Within ten days after demand, Trustor shall
<br />furnish to Beneficiary a schedule certified to be true, setting forth all
<br />leases of space in the Property then in effect, including, in each case, the
<br />name of the tenant(s) and occupant(s), a description of the space occupied by
<br />each such tenant and occupant, the rental payable for such space and such
<br />other information and documents with respect to such leases and tenancies as
<br />the Beneficiary may request. Without the prior written consent of
<br />Beneficiary, Trustor shall not, directly or indirectly, with respect to any
<br />lease of space in the Property, whether such lease is now or hereafter in
<br />existence, (a) accept or permit any prepayment, discount or advance rent
<br />payable thereunder; (b) cancel or terminate the same, or accept any
<br />cancellation, termination or surrender thereof, or permit any event to occur
<br />which would entitle the lessee thereunder to terminate or cancel the same; (c)
<br />amend or modify the same so as to reduce the term thereof, the rental payable
<br />thereunder, or to change any renewal provisions therein contained; (d) waive
<br />any default thereunder or breach thereof; (e) give any consent, waiver or
<br />approval thereunder or take any other action in connection therewith, or with
<br />a lessee thereunder, which would have the effect of impairing the value of
<br />lessor's interest thereunder on the Property subject thereto, or of impairing
<br />the position or interest of the Trustee or Beneficiary; or (f) sell, assign,
<br />pledge, mortgage or otherwise dispose of, or encumber, its interest in any
<br />such lease or any rents, issues or profits issuing or arising thereunder.
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<br />2016019C7
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