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2� 17��735 �
<br /> ARTI�LE VII.
<br /> LEASES AND RENTS
<br /> Section 7.U1. Assignment of LeasQs and Rents. The Grantor does �Zereby se�l, assxgr�
<br /> and transfer unto Benef�ciary a11 of the Ieases, rents, issues, income and profits n��r due a�.d
<br /> wh�ch may hereafter become due under or b� v�r�ue af any Iease, �vhether written or v�rba�, or
<br /> any agreement for the use ar accupanc�of the Trust Estat�, �t being the �nt�r�t�a�z af this Deed of
<br /> Trust to estab��sh, and th�� is, an absolute and pre�ent trar�sfer a�nd ass�gn.�rnent of a�� such Ieases
<br /> and agreements and al�of the rents, incam� a�d prnfits from the Trust Estate unto the Benef�ciary
<br /> and the Grantor does hereby appo�nt�rrevocab�y the Benef�c�ary�ts true a�.d �a�vfu� a�torney in its
<br /> name and stead, which appaintment is couplec� ��t� an �nterest, t❑ col�ect a�� �f said re�zts,
<br /> incnme, and profitsy provided, Ber�efc�ary gra�ts the �rantor the priv�lege to co�lect and re�ain
<br /> such rents, incorne, and prof�ts ur�Iess and u�t�� ar� �vent of I)�fault ex�sts under this Deed af
<br /> Trust. Upon the occurrence and during the cont�nuance of an E�ent of Defau�t and �rh.ether
<br /> before or after the institutio�. of proceedings to sel� the Trust Estate or foreclose this Deed af
<br /> Trust or during a�.y period nf redemptxon, and without regard to v�aste, adequacy af the secur�ty
<br /> or so�vency of the Grantor, Beneficiary may revo�e, at its opt�on, the pr�vilege granted Grantor
<br /> hereunder to co�Xect the rer�ts, inca�ne and praf�ts of the Trust Estat�, ar�d Benef ciary may, at �ts
<br /> option, without notice, �n persan or�y agent3 Vvith or�vithout tak�ng possess�on of or e�.ter�ng the
<br /> Trust Estat�, wit� or without br�ngir�g any actian or praceedi�g, ar by a recei�rer duly appointed,
<br /> :.
<br /> gxve, ar requ�re Gra�.��r �a g�v�, noti�e to any or al� tenants ur�der an�r �eas� autharrzirig and
<br /> d�recting the tenant to pay such rents, xnc�me a�.d praf�ts to Beneficiary, suc� ager�t, or rece��rer
<br /> �s the case may be; cflllect all of the rents, issues, income and prof�ts; enforce the payme�.t
<br /> thereaf and exercise al� of the r�ghts of the lar�dlord under any Iease and a1I af the rights of
<br /> Benefxciary hereunder; enter upon, take possession af, manage and operate saxd Trust Esta�e, or
<br /> any par� th�reof; cance�, enfarce �r mod�fy any leases, and f� �r modify rer�ts, ar�d do any a�ts
<br /> v�rh�ch th�Benef�c�ary deems proper to protect the secur�ty h�reaf. Any rents, 1S5U.�5, income ar�d
<br /> profits collected sha�I be applied t�the reasanab�e out�of packet costs and expenses of operat�on,
<br /> management ar�d co�lect�an, �nc�udxng reasonab�e attarneys' fees, to the payrnent �f the
<br /> reasonabl� out-�f-pacl�et fees and e�per�ses of ar�y agent ar rece�ver so a�ting, t� the r�as�nab�e
<br /> out�nf poc�et cas�s �rzcurred by the Ber�efi��a�y, �nciuding reasonable attarneys' fees, to the
<br /> payme�t af ta��s, assessmentss �nsurance premiums and expend�tures for the mar�agen�.ent, repair
<br /> and upkeep of the Trust Estate,t�the performance of�andlord's abl�gat�or�� ur�der any�eases and
<br /> to t�e �bligations a�� in suc�order as the Beneficiary may require. The entering upon and tak�ng
<br /> passess��n of t�ie Trust Estate, the callecti�r� of such rents, issuesy income and praf�ts and the
<br /> appl�cat�or� there�f as aforesa�d s�all r�ot cure or v�a��e arzy defau�ts ur�der this D�ed of Trust or
<br /> affect ar�y riatrce of defau�t or inval�date any act dor�e pursua�t to such not�ce �.or in any �vvay
<br /> aperate t�prevent the Ber�eficiar�from pursu�r�g any other remedy v�hich it may now or hereafter
<br /> have ur�der th� ter�ms of this Deed of Trust or any ather secur�ty gi�erz far the �bl�gations nor
<br /> shal� it in any�vay be deemed to constitute the Beneficiary a martgage�-�n-passess�or�.
<br /> ,
<br /> Sect�on 7.�2. Bene�ciary's R.ight To Perform Under Leases. Should the �ra�.tor fa��
<br /> ta perform, camply v�ith ar discharge any abligations of Grantor ur�der any lease or should the
<br /> Benefc�ary become aware of or be notified by any tenant under any leas� of a fa�lure on the part
<br /> af Grantor to so perfarm, c�mp�y vv�th ar d�scharge its ob��gat�ons u�der said leas�, Beneficia�-y
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