|
� ` � . ` - . . - - e .
<br /> .. ``'.�. �.. . � . .. � � . ' ' — — ` � ' �
<br /> k � � ' " _
<br /> � - ' _ ' -' '�_ �_ ." '_ , _ _
<br /> �-- - _'� . __"___ ""_ _ _..___'__ ___-. " . ___'_ `- . __.
<br /> 1 ---__ '--_'__"_ _ _` . - _ --- � . ` . _. ...
<br /> �-__ .
<br /> � ' � ` ' � ��--io���� � .
<br /> '� � and de�aads of a12 persoaa �a�eoe�er, aad that Tiustor•a sepa e eatate, rrhether
<br /> v�sted, caatiugeat or ia espeataneg, is h�reby coaveyed aad Trustor daes hrrebp � �
<br /> � e�essip �►aive, `release ali rigbte aad benefits af aay hbmestead� doWer, court�esy, � . •
<br /> � appraiaesent, euaptioa and atay lavs of thie atatt. xt. ia egreed that ebe intaeest � ` �
<br /> pravided for in aubsectioa �g? above sbsll be at th� ease rate as apeci£ied fa the IQote
<br /> secured hereby on the principal thereof after defauit aad �tutity. `
<br /> � S��s In the event Trustor,� �3t�out the prior �irrittea consaQt of Beaefici�try
<br /> �ball sell, traaafer or conv+ey or contract to ae11, tra►asfer ar coavep the prop�rty, or • �
<br /> � � ` aay p�srt thereof or aay iaterest therein, the en.tire balaac� of the indebtedaess herebp
<br /> � , secured aball becate and be Lte@iste2y due and papable at the optfoa of Beneficiary;
<br /> � protrided, hom�iuer, Beaefieiary �ay waive such optian to accelerate if, prior to such� -
<br /> ' ' aaZa, transfer �or eflnve�ranca or_�coatract therefor, BeaeHcia�Cp aad the gtrson to irhoa
<br /> , tb.�.proper�r is-to .be sold..or transferred_seach sit agreeaent fn �rritiug that the credit �
<br /> of such peraoa is eatiefnetory to BeneHciary aad that �tLe fatereat, payable _oa the suas �
<br /> se�ured.,bp tbie Deed of Truat sball be at auch rate as B�aeficiary shall request.
<br /> � ffiS'Ds That as further security for tl�e payseat of the Note and the iude�t�dneea . �
<br /> • thereby evideace sad the perfonance of all of the t�rs, coveaants aad cond�tioae • .
<br /> � hereof, Trustor egreea that Beneficiary sl�all and daes herebq have the right, goves and
<br /> � �authority duriag the coatinuaace of thie Dieed of Truet to collect the rents, issues and ,
<br /> � profits of the Property and of aap pereone! property located thereoa isith or �ithout
<br /> takiag poeseseion of the property affected thereby; aad Truetor hereby absolur,.�,,3y and
<br /> �conditionally assigns all such rents, is�uea and profits to Beaeficiary. BeneE��ciary,
<br /> .--. ; hbw�ever, herei��r conseat�-to i�efcorte co�ectiarr aria-�eutio�of sach rei�s, issaes ar�_ - - ,
<br /> profits ae they accrue aud becose payab].e so loag as Trusto�t is aot s� euch �ttae iu � '
<br /> : defauit vith respect to peyaent of aay indebtedneas secured hereby or in the per€arsance
<br /> of eny agree�eAt hereunder. Upoa any auch default, Beneficiarg �ay at aug tiae, either ,
<br /> � iA persoa, by ageat, or by receiver to be appointed bp a caurt, irit&c�ut notice aad .
<br /> �ritbout regard to the adequacy of any security for tt�e iadebtedaess here�y secured (a) �
<br /> eater upoa attd take poeseasion of the Property or aay part thereof and in ite ovn naae , �
<br /> aue for or other�ise collect such renta, iesues and profite, including thoae past due
<br /> aad �apa�d, and apply the saae, less coats, aad e�ease. of operatioa aad collection, • 'i
<br /> ineladiag reaeonabie attornsy•a fees, upon aaq indebtednesa eecured hereby and ia such .
<br /> order as Beaeficiary saq detera�ine; (b) lease the saa�e or auy part thereof for euch _
<br /> rentsi, ters snd upoa Quch conditions as Aeneficiary•s �udg�ent may dictate or
<br /> te�cainate or ad�uet the teras and conditiana of eay ezietiag lease or leases. IInlesa � � ;
<br /> Ttustor aad Beneficiary agree otherwise iu writing, any application of reat�, iseuee or , �
<br /> profite to anq indebtedneee secured teerebq shall not ertend ar poatpane the due date of '; �
<br /> the instalLent payaeats as provided in the Note or change the aoount of such �i
<br /> inetallsenta. The eatering upon and taking poeseasian of the Propertys the collectioa ,
<br /> of such rents, ,3eaues and pro�its, and the applicatioa thereof ae afvresaid, ehsll not ' `-
<br /> ' : � Waiva or cure aay default or notice of default hereuader, or iavalida2e any aet done �
<br /> pureuant to euch notflce. Truetar sesfgns to Beneficiary, as further security for �the � ;'
<br /> perforaance of the iadebtedaeae aad at�ligatione eecured hereby, a11 prepaid reate and �_�
<br /> all son�eys �eia�ch say have beea or may hareafter be depoaited With Truator by aay 2easee - ��
<br /> of the Property, to secuxe the payaent of any rent or damagea, and upon default in the � •- �.
<br /> perfor�nce of any of the proviaioas hereof, Truator agrees to deliver auch rente aad
<br /> deposits to Beaeficiary. Delivery of written notice of Beneficier�l's e�erciae of the � .
<br /> . righLs g�ranted by thie paragraph third to any teaant octupyiag the Property or any
<br /> �art�oa thereof ehall be aufficient to requtre said tenant to pay eaid rent to
<br /> _ Beneficiary �atl1_further_ notice.
<br /> �GU�H: If tiiere ahall be fiie� by ar a�aiast the Trustor any petiGion or
<br /> proceediag seeking ea arrangmeaL or compoaitfoa or eatension or any other relief uader
<br /> or pursuaait to the Pederal Hankruptcy Code ar any oiher similar statute as cow or
<br /> herea£ter ta effect, or if the Tru�tor ahall be adjudicated bankrup� or insolvent or any
<br /> of �suator'e property ehall have been sequestered and such decree aha2fl have contlnued
<br /> � un�d3scharged and unst�ye¢ for 90 dr►ys after the entry thereof, then t�.e ahole af the
<br /> Note �ud indebtednese hereby secured ehali, � without noti�e, at the option of the
<br /> • . Beneficierq, become due aad payable.
<br /> !Il�: Upon defau2t by Tr�retor in the payment� of �3r perfc,rmance af the teras end . '
<br /> conditioae of the Note, or sny revievals, modificatio�ta or executione thereof, tne
<br /> " �� payntent of any other indebtedness secured hereby or �in the performaace of eny agreemeat, � � �
<br /> covenant or �rranty heretn contained or set forth in any agreement af instr�ent
<br /> e=ecuted by Truatar ia connection with the ladebtedness hereby aecure, Beneficie.ry may w�
<br /> ` deelr�re a!1 aums secured hereby f�ediat�ly dne snd payable $nd the eame ahall thereupon •
<br /> L beeame due and payable �wlthout pre�entment, demand, prot�at ar notice of any kfnd. �
<br /> � 1'hereafter, Benefictary may deliver ta Truetee a �,�titten de¢laration of default and .v.
<br />� deaand � fas sale. Tcuete� ahall -hr�ve the pawer df sai� of the Praperty z�nd,. if � �
<br /> - - Beaefiriarq�deefdes the Pro�rerty fs ta be scrid it �ha12 c3epasit wft6 Trust�e thie ileed ��►
<br /> of Trust and the Note or nates° a�td any other documents evidencin� espEnd![urea s�c�:red
<br /> hereby, and ahell deliVer La 'I'rustee u written notice of r3efttult and electian t� Cfiklfif? �
<br /> the PraperLy to he sald, ' �nd 1'rustee, !r� tur.tii, �1��_�l���arN u stmii�r nuttce !n thc �
<br /> ' �) , l
<br /> � Pa�c �our ' t 1 ), ' �_
<br /> 4rnitfuls:� N.r..s. �.s. � �
<br /> �
<br /> __ -- � ------ - - - - — -- _- _ _ — --
<br /> --�.,.� . s .. �_� ��-.� --��.------ ----- ---
<br /> ,T�,������.-�►�r��.r . ; ._...,��_.�,,.a.�e_.....__.�._.����.�.� —� ....::...� ---
<br /> ._....�.�. . — — - ---
<br /> •-.: .-.:.-- ..4.ti--_�-a4i:Al:T�.3P...".'-__. .t-.li-'��:4L�Y��IfQYiT�.w: %--:-:�LICAi'1�,:lF���:���ilVl\,.'�4�.--i.-.."•4}l.�•-�+:iT�7:i�'.JtlfNLM\K1ii�:14�-. ... .:.. .^�]:1"J-w.i - �. ., v.�� -'�1��
<br /> .. • "i '- . - .. � 1VYIfM`t�- . ...
<br /> � .� .,_
<br />
|