90100638 - Laserfiche WebLink

Browse

__ �.+iif...:.�t �..:, .. . a ••-�w.� �. aa�i._< i�.ws��:si,�.l:ae. w...�?�a�l`Y�.�. _� `..°f...�G:��a5:�r°d'�_i-.y—^_�.�,�n��c:�i.+.itt;�eutS.;N��,.�i�'r��'c'aSt: '[�,;:a��:c+a.ics,,a;Y�si7ti�iffi� _m.S-�e(F� ._ I . � � . .._ - � � . � ' I � ' . � r : , � � �.aos�$ advances raade by Seneficiary pursuznt to the ter�s� e�f this Deed � �� af Trust. Ontil eYpended or applied as above provided,,,_any a�bunts £n� the — • Escrow Fund shall �onstitute additional seCUxity�.f�r ttie Debt. - The Esctow Fund shall not constitute a tr�st fund an�:.�r�ay be eamming�� with other r�ezr�ies hEld by Hepefi�ic�sp. Nc�.;4r:arnir�gs or fnteses�'��on the. Escrow �nd sball be payabZ��:Ca Gran��r. . 6. `�riIIas�.at4�an. Grantor shall promptly� r�ve � � Henef�c�.�.�Ly not�� '��e actual or threateaed _comruen�ement of anp��onci�lnnatic�: 4�,'��c-��:�nt dcr�;�in praeeedi�g ��d shall deli.tcer to� ;Hene;Eiciarp �gi�s o� any a�3� all paper� ��red in conn�Lion �r��h su�h proceedings. � Natwithstanding anp t�Tsing by any g�l��ic ' , or quasi-public authori�� through eminent domai� or o�herwig� ;,•;��,. (including but not lin►i�ed to any transf�er rnade an ii�u of o.r in � anticipation of the exercise of such taking�, ��ant¢r shal.l continue to pay the Debt at th�e time and i�a ti�� acat�c�,: �provided � ' � � � for its payment in the NQte and in this Deed c� firug�. and the ' � � Debt shall not be reduc23 until any awar�3 or payment therefmr � � shall have been actually receia�d and applied by Beneficiary, after the deduction of expens�s of collectionF to the reduction ar discharge of the Debt. eeneficiary shaZl mQt be limited to - tfie interest paid on the award by the condemning authorit� . ..t � :„ shall be entitled to reeeive out of the award interest at the rate or rates provided berein and in the Note. Beneficiary may - apply any such award or payrsent to the r�ductictz� or diseharge of � .;:y . the Debt whether or nat thea d�e and pay�ble. ��ny reduction of - the Deht pursuant to the terms of tbia paragra�� 6 shall not be deemed a prepayment of the Debt and no pr�pay�nt consideration, �. � if any, shall be due. I� the T�a�st Praperty i�. sol8, through � - far�eclosure or otherwise, prior to tho r�eceipt i:,� Benefici.arp of �°� s�etn aw�rd or payment, Beneficiary shall have the riQn.t, whether or not a dsficiency judg�nent on the Nc+t"e shall have trc��en sought, � , reeovered or denipcl, to reaeive said award or gayment, or a portion thereof sufficient t� pay the Debt. � 7. Leases and Rents. `a� T�ustee and B�r.c�ficiary are hereby granted and assignQ by Grant4r t!�e right to eciter the � ' �� Trust Property for the p�*rpo�e of enforcing its interest in the �' Leases and the I�.cr;ts, this aeed, of Trust, con3.wituting a present, . ' _ ab$olute assignr�.�nt of the Le��s and the Rents. Nevertheless, subject to the terms of �ttis paragraph ?, Beneficiary grants t� Grantor a revoca�le license to mperate and manage the Trust Praperty and to ca3lect t�ie Ren.t�. Grantor sh��l hold the Rents, os a portian ther��f suf�iciez* �o discharge aII current su�::� due _ on the Debt, for �rse in the payment of such sums. U��vn or at any time after an Event of Default, the lic�nse granted to Grantor � herein may be revoked by Heneficiary, and Hene�iciary or Truetiee etay enter upon the Trust Property, and collect, retain and apply the Rents toward payment of the Debt in such priority and proportions as Beneficiary in its discretion shal?. deem proper. � .--,_�_-. -6- � � , � � � L . � � � . �s� � � � ;., _ � �. � � �rt� �::�_,. �� ��.. .:�.. �: .