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.............................. .................................................................................................................. . . . - - - -- - ... .....- .....- - - -- -• .... <br /> r� 2� 1 ��3394 <br />::; � <br />:::; <br />:::, <br />:::� <br />:.:� <br />:::I 7�e ASSI�NIV�EIVT�F LEA5E5 AND RENTS.Trus��r irr��vc�bly grar�ts,�vr��eys�r�d s�lls to Trus$�e,i� <br />:::� �rust far the�e�ef�t�af Ben�ficiary,as additiona�se�uraty al�the r�ght,titl�ar�d int�rest in ar�d��any and�II <br />`:; �X�StI�g�C�LItLd��9�aS�Sa SLBb���S�S�and an�other vvrit��n�r er�rba!�gr��mer��s f�r$h�us�and o��upar��y c�� <br />���' any p��te�n c�f th�Pr�perty,in�Eudira�any�xt�nsi�r�s�rE,'$'l�dll0�I5�6'��C���I��t1��15 C�I'SLSbStlt�l�l�i�5�f SLICh <br />:�:, <br />:::; <br /> �gr��r���ts�all r�ferred t�a�'°Leas�s°'}�nd r��ts,issu�s and profi$��all r�f��r�d��as"Ren�s"�.Tru�t�r vvili <br />���' ���rnpt�y pr�e��d���n�ficiary►n�ith tru�ar�d��rr����ap�es�f all existi�g ar�d future Leas�se Tr�s��r rr�ay <br /> ��lle�t,r���iW�,�nj�y a�d u5e th�Rents s�1�r�g a�Trustor i�nv�in defau{t ur�d�r�h�term��f�h�s Security <br /> Ir�strurn�r�t. <br /> Tru�t�ar��kn�vv���g�s that this asseg�nnen�i�p�rfect�d up�n the r���rding�f�his C��ed�f T�ust�r�d that <br />:�:�� ��n�f����y is�r��itled t�n��ify ar�y�f Trust�r's ter��nts��make payr��r�t�f Rent�du�or t�b��vn1�due t� <br /> E�n�fi�iaryn H�w����,E��efic��ry agr��s tha�only�r�defaul�w�l���r��fic�a�ry n�tify Tr�st�r�r�d Trus�or`� <br /> ���ants and make d�rr�and tha�all futur�R�n�s��paid dir���ly����n�fi�iaryv�n r��e�ving r��ti���f d�fau�t, <br />::::� Trust�r viri�l end�rs��r�d d�li�er to�en�f���ary�ny payrr��n��f Rer�ts�n T�u���r's p�ss�ss6�s�and�ill r�C�ive <br />=:::� any R�n��in trus�f�r��n�f��iary and�ill n�t c��r�ingl�the R�r�ts�ith�r�y�th�r fur�ds.An�ar��unts <br />����_ <br />::::; �o�iec��d wi�&�e app���d as pravided�r�this 5��uri�y 1n5trum�n�.Tru�t�r v�ra�rrar�ts th�t n�d�fault�xists ur�der <br /> the Lea��s�r�ny appli�abl����d�ordi��nant 9avve TruSt�r a15o agr�e5��m�ir�tain ar�d�eq+uire any t�r�an$�� <br />����' �c�rn�lg►r vvith�he terms of�he L�ases�r�d app����b�e lavv. <br />_�:::� �3e LEASEH�LC�S���lV�t3MIIVlUIIA�;PLA[VNED UNIT'�E�EL�P�IIiEIVTS.Trustor agr��s t�c�r�p�y <br /> vvi�h tn�pr���si�ns�f�ny I�ase if th�s 5�c�rity�ns�rurne��is on a leas�h��d.If the Pr�per�y in�ludes a uni�in <br /> a�or�d�rniniurr��r a pl��n�d unit d��v�l�pm�nt,Trust�r vvi 9 1 p�r f�rrr�a l��f Trust�r's du�i�s ur�d�r�h� <br />_�:�� ���r�nan�s,by-1aws,�r r�gul�tions�f�he c�n d�rr��niurr�vr p l�r�n�d uni� <br /> d������pm�r�t. <br /> 14. DEFAULTs Trustor vvill be ir�d�fault if�� art �bli ated�n th�Secured D�bt fa���to make paym�r�t vvhe� <br /> v Yp Y g <br /> du�.T�us�or vvill b�in default if�br�a�h occurs und�r�he�err�5�f this 5�cu�ity�ns�runnent�r any�ther <br /> do��m��t�x��ut�d f�r th�purp�se�f�r��ting,��curir�g�r gua�a�tying�h�S��ur�d De�t.A g��d fa�th b�lief <br />:�:�:� by�er��fciary tha���ra�fi�ia�ry at an�t'srn��s ir�s�cur���th r��pec����n�pers�n�r�nt�ty�bl�gat�d�n�h� <br />����' S�cur�d C���t�r that th�pr�sp�ct of�ny payrr��nt�r the o��lue�f th�Pr�per�y��irnpair�d 5ha�l a�so��nstitute <br />::::; <br />..:., an���r�t�f def�u�t. <br />::::� <br /> �5. 1�Ei11[E�3��5�IV�EFALJLT,[�s�m�instan�e5,federa[and state la��ill requir���n�fi�iar�t�pr��id� <br /> Trust�r vvith n�tie��f th�right t��ur�or vth�r n��i��s�r�d r��y�5ta��ish tirr�e schedul�s for f�r��l�sure <br /> acti�n�.5ubje�t���hese�irr�itativns,Ef any,��r��ficiary may a�c���ra��the���ur�d Debt�n�f����l�s�thi5 <br /> Seeuri�y instrurr�ent in a rn�nr�er pr��ided by�avv if Tru�t�r�s in defau�t. <br />::::� <br /> A�th��pti�n�f�en�fi��ary,a��l�r ar�y part�f th�agr��d f��s�nd�harges,accru�d int�r�st ar�d p�°ir�cipal <br /> sha�l b��orr��irnrn�diat��y du�a��d payab��,a�ter gi�ing n�tice if required by��w,upon th�a�cur�en�e�f a <br /> defau�t�r a►nytim�th���after.In additi�r�,��r�efic��r��hall b��r��it��d��ali the r�r��dies p��vid�d by lavv, <br />=����; �he t�rnns�f�h�S��ured D�b�,this S�curity fr�s�rurr�era�ar�d any r�la��d d��urn�n�s,ineludir�g vvith�u� <br />�=���� 6�r�n��a��vr�,th�p�vue�t��ell�he Property. <br />::.:� <br />:.:.� <br />::.:� <br /> If�h�r�is a defau�t,Trus$�e shall,ir�addfit��n t�a�y a�her permitted rer�edy,a�th�request�f th� <br /> ��r�efs�iary,adv��tise and 5ell�h�Pr�p��ty as��vh�[�ar in separ�te par��ls at pu�[i�aucti�r�t��h�h�gh�s$ <br />`���� bidder f�r ca5h�r��cor�v�y a�s�lu�e�i�l�free a�r�elear�f al�r�ght,title and in��re�t�f TruSt�r at 5u�h tim� <br />:-:::' ar�d pla�e as Trus���desigr����s.Tru�te�shall gi��rra�i�e c�f sale ira�luding th��tirn�,terrn�and pl�ce af sai� <br />::�::; ar�d a descriptic�r��f�he pr�pe�ty$�b�s�ld as��quir�d by�the appli�ab�e la�an eff��t�$the tirr�e�f th� <br />_::::; pr�p��ed sa��. <br />_... <br />::::; <br /> Up�n sale�f th�P��pe��y a�d���h���c$�r�t n�t pr�hibited by�a►n►�`Tru�t�e 5h�ll r�ake ar�d d�9iver a d��d�� <br />`���' th�Pr�p�r�y s�ld vvhi�h��n�eys abs�lut�t��[�t�th�pur�ha��r,ar�d aft�r fir5t pay�ng aBl f��s,�harg�s and <br />.....; <br />`���� c���s,sha�l pay t�Benefi�iary al!rn�ri��s ad�an�ed for repairs,ta7ces,insu�ar�c�,li�n�,�55@55f'Tl@�1t5 lCld p�'IC��' <br />-����� �ncurnbrar�c��and int�r�s�th�re�r�,and the prir�cipal arad intere�t on th�5ecured Debt,paying�he 5urplus,6f <br />:::::; <br />...; <br />:::.:; ar�y,t�Trus��r.��n�fi�iary may pu��ha�e�h�Pr�p�r�y.The r��itals in a�y d���of�c�n��yar��e�hall b� <br />:_:::; prima�a�i��e�id�����f�h�fa�ts se�f�rth ther�in. <br />�::::� A!I rer�edi�s a��dis�inCt��umu�a�i���r�d�ot exClus���,and th��ene�i�iary is en�it��d t�all r��n�dies <br />:-:::� r�vid�d at lavv�r� u� ,vvh�th�r�r n�t��c r�s5� s�t f�r�h.The�ce� �an��b �eneficiar �f an �unn in <br />::.:, � � �Y P Y p Y � � <br />::::� a rr�ent�r �r�i�l � m�nt��the 5ecur�d Deb�af�er�he b�i�nc�is du��r i5 a�c���rated��after f�r��l�sur� <br /> � pY p � Y <br />`���i pr��eeding�are f�l�d sh�l�l r����vnsti�ut�a enr�ir��r�f��n�fi��ary's right t�r�quire��rnp�e�e�ur��f any <br /> �xi��ing def�u�t.�y�aot e����i�ing a�ny r�rnedy�r�Trus��r'g d�fault,��n�ficiary d�e�r��t rn�aiv��e�efi�iary's <br /> r�ght t��ater con5ider�h�ev�r�t a default if i����tir�ues or happe�s <br /> agair�. <br /> (pag�4��7� <br />`��� T 994 V1lalters ICluwer Financial 5�rvi�es-Banker�Systems *` Form 1J5�-REDT-NE'I"I i'1�I�Q1� <br /> =:; -_. <br />:=:�:i <br /> �., <br />:::::; <br />:�:�:� <br />