|
"__j+� � -'____- . . ._. . _ .. .
<br /> � �
<br /> I
<br /> :��j._.r.. � 00�$C�
<br /> r
<br /> � Beneff.ciary hereunder, and to pay �11 casts and expenses fincluding
<br /> - — the coat o£ searching title? and attorneys' fees incurred in auch
<br /> action or proceeding. Beneficiary may appear in and defend any
<br /> action or proceeding purporting to affect the aecurity hereof or the
<br /> righta or powers of Beneficiary. Beneficiary may pay, purchase,
<br /> contest, or compromi�e any adverse claim, encumbrance, charge, or
<br /> lien, which in the �udgment of Beneficiary appears to be prior or
<br /> _ superior ta the lien or charge of this Deed of Trust. If
<br /> Beneficiary pays any �prior encumbrance, Beneficiary ahall be
<br /> aubrogated to the lien thereof, notwithstanding any release of
<br /> record thereof. All amounts paid, auffered, or incurred by
<br /> Beneficiary in exerciaing the authority herein granted, including,
<br /> to the extent permitted by law, reasonable attorneys' fees, ahall be
<br /> added to the indebtedness secured tiereby, shall be a 2ien on the
<br /> Property, shall be due an payable by Grantor to B�nefic�.ary on
<br /> demand, together with interest from the date of advance until paid
<br /> at the Default Rate specified in the Note.
<br /> 11. Additianal Documents. Grantor agrees to execute and
<br /> deliver to ene c ary, upon demand, any additional instrumente or
<br /> security documents neceasary to secure to Beneficiary any right or
<br /> • intereat granted to Beneficiary under this Deed of Trust. In the
<br /> event any rights, easem�nts, ar other hereditaments shall he�eafter . ,:
<br /> become appurtenant to the Property, they shall be subject to the
<br /> lien of this Deed of Trust.
<br /> 12. Sale. Lease nr Convevaace. Seneficiarv ahall h�ve the ►_��
<br /> right, at ts opt on, to ec are all sums secured hereby immediately ` �r•.
<br /> due and payable, if, without Beneficiary' s prior written conaent, ' � _
<br /> which may be withheld for any reason Grantar vr any successor in -
<br /> intereat to Grantor (a) conveys, transfers or 8sai.gns the Property � _- =
<br /> or any part thereof or interest therein, whether by deed, contract , :^'_
<br /> of sale, master lease of all or substantially all of the Property, �
<br /> contract for deed, lease with option to buy, or otherwise; or (b) � �
<br /> further encumbers or alienates the Property or any part thereof; or �
<br /> (c) leases the Propert3� or any part thereof excluding leases in the t.
<br /> ordinary course of busineas ; or (d) suffers ita title or any �
<br /> interest therein to be divested, whether voluntarily or �
<br /> involuntarily; or (e) changes or permits to be changed the character ', �,"
<br /> or uae of the Property, including, without limitations, drilling or � ;��.
<br /> extracting oil, gas, or other hydrocarbon substancea, or any mineral .�.
<br /> of any kind or character; or (f) if auit be commenced to condemn the ; :.� .
<br /> Property as being unfit for human use and occupancy or to abate as a ��
<br /> nuisance ac�ivities or conditions found thereof or for the partition �
<br /> or sale of said Property except that Beneficiary shall permit
<br /> Grantor to protest and/or defend such actions if Beneficiary
<br /> determines that the lien of this Deed of Trust is not �eopardized by
<br /> the pursuit of such proteat ox defense; or (g) if the Grantor shall
<br /> fafl to own a cantrolltng legal or benefic ial interest in (h) the
<br /> sole general partner of Grantor or the entity controlling the sole
<br /> general partner of Grantor, which entity or entities shall at all
<br /> 14
<br /> L� � � �.
<br /> �c
<br /> v
<br /> —-: . ��
<br /> _ ,
<br /> _�_�
<br />-�s*t;
<br />,�Mf�,�� � J
<br /> �d��.� .�J
<br /> ,,�,
<br /> . , .
<br />
|