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T ..�. <br />_� <br /> � � � <br /> _ °�iVS��� <br /> �d)Tru�tor�hall hRVe pracured, pe►n�ftted or 'uttered, valuntarily or Invalunta�ily, any creditor tc� abtain a lien not <br /> � parmitted �r�in upon all or pdrt of auch property;Trustor or Any guarAntor of tha indebtedneas aecured he�aby shall <br /> become in�lvehf bt gdmit in writinp itg InabiUry to pay ita debts aa thoy mature,o�make a�essi�nment tor tha benefit of <br /> �rnrlitnr.er aep►�ter nr cnnaent to the annnintment of a receiver or trustee tor lt or f�r e su�atentlal p�rf ol auah�r�pe�ty,ar <br /> r suc�a�eceive►or trustee shal!be appointed and shnll not be discha�ged w(thi�thirty(30)daya atter eppointment;or <br /> � <br /> (e�A writ o1 executipn ar sttechment or any aimller precesa ahall be isaued or levled a�ai�st ell ot any parl of or interes! <br /> in auch praperty,ar any Jud�ment involvin�monetary deme�ea shall be e�tered aflain�l Truator which sheii lyecome a lien <br /> Un such property or portion thereof er intereat tt�erein and auch execution,eriachment or similer proceaa or�udgment ie nat <br /> released,bonded,sati��ed,vaCated or stayed within sixty( 60)days aiter its entry or levy;or <br /> (t )Bunkruptcy,insolve►ncy�rea�ganization,er�an9ement.or liquidation proceedinpa ar other proceedin�s tor �elief <br /> under any bankruptcy Isw o�othe�law to�tha relief of debtoro shall be instituted by ar aflainst T�uator or any�ua�antor <br /> her�of ond ii instituled��ainst auch party shap be consented to or shall not be dismissed within sixty�60)days afte�such <br /> inttitutlw�;or <br /> (g�T�usta� or any sucGesaor i� interest ot Trustor. voluntarily or involunfa�ily should aell, exact. convey,trenaTer, <br /> contract to sell.leasa with option to pu�chaae.sublease,dispose ot,chan�e the cheracte�o�use of,or further encumbs� <br /> suCh property,or any pan the�eof.or any intereat therein,or if any sald parties shal l be divested of tltle to suCh real prop�Ey <br /> 01 any pa�t the�eof,o�any intereat either voluntarily o�involunta�ily,or if titie to suah property be subjected to any Ilern Qr <br /> • chsrye voluntarily or involuntarlly, contrectual or stetutory. without the written consent ot Beneficiary being first had . <br /> oba�ined,or <br /> (h)If 7�usto�is e pa►inershipand the interestof a general partner terminates,is assigned ortra�sterred,o�is diminished <br /> in any respsct.o�if T�ustor!aa corporation and a majoriry of the voting corporate stock ia tra�sfe�red,sold ot assigned,o�if <br /> the'!'rustor ia a Trustee of a trust and there is a change oi any of the 8eneficial intere�t of the t�usfi or <br /> (i )Trustor shall,without the consent of Ben�ficiary.create or consentto the estabtishme�tof a distrJct which has taxing <br /> ppwera. <br /> ACCELERATION UPON DEFAUL�.AODITIONAI REMEDIES:In the event of enX default hersunde�,Beneficiary may,at <br /> ita option,: , <br /> . (a)Terminate edditionel advances,ii any,to be made under or pu�suant to the Prom�ssory Note or eny building taan <br /> agreement;or � <br /> �. __ <br /> (b)Declare any sum secu�ed hereby immediately duo and payabte and the same shall there upon become due and • <br /> paysble without any pre�entmen�dema�d,protest or notice of any kind:or � <br /> (c)At any time,with or wlthout notice,either+n person,by agent,or by receiver to be appointed by the Court without - <br /> regard to the adsquacy oi any securiy for the indebtedness securecl hereby,enter upon and take passession of such � <br /> property orany partthereol,make,CanCel,enforCe or modify leases;obtain and ejeCttenants,set or modity rents:in its own �;_ <br /> name�ue or otherwise collect the rents,income,issues ar+d profits thereot,including those pastdue and unpaid;and apply _ <br /> the same,less costa and expenaes of operation, including reasonable attorney's tees,upon any indebtedness secu�ed � <br /> hereby and i�such order as Beneticiary may determine;and except for such application.Beneficiary shall not be liabie to <br /> any peraon tor the collection or noncollection uf any�ents,income,issues or p►ofits for the failure to assert or ento�ce any of <br /> the fo�egoi�g tighh,nor shal188neticiary bycharged with any ot the duties and obligations of a mortgagee in possessian. <br /> The entering upon anrJ taking possession of such property,the cbllection of such rents,income,issues or protits,the doing <br /> 01 other aCts herein a�t[�orized,and the applicat+on thereof as aforesa�d, shall not cure or waive any detault or notice of <br /> defauli hereunder or invafidate any act done pursuant to such noUCe:or � <br /> i <br /> (d)Causeto betiled on record,a written notice of default and election to sell sucri properry.ARerthe IaRse ot such time <br /> a�then may be requireti by I�w following recordation of such notice ot default,and notice of sale having been given as <br /> required by law,Trustee without demand on Trustor shall se11 such pro�re�ty,either ss a whole or;n separate parcels,artd�n , <br /> such order as it or Be�teficiary may determine at public auctionto the highest bidder.The 7rustee may postpone the sate of <br /> atl o�any portion of sucA property by public ennouncement at the time of sate.and from time to time Mereafter. may <br /> postpone the sAte by pubHc anrtoe�ncement at the time and ptace fixed by the preceeding postponemeRt Trustee shatl <br /> deliver to such purChaser its deed conveying the property so sald.without any co�erant or war�anty,express ot impNeO. <br /> 7h8 recitat in such de�d ot any mat48rS�t f�Ct vr�the�wise sh��l be con�i�s5+ve�r�vf�f ti�e#r�ithfuin��thgre0f.Any pg�gpn, <br /> including Trustor,Trustee or Beneficiary,may purchase at said sale. Trustee may�Iso sell at any such sate and as a part <br /> thereo},eny shares of corporete stock securirtg the obligation secured hereby,and Trustor waives demand and notice of <br /> such sale.(Beneficiary a!its option may also foreciose on such shares by independent pledge sale,and Trustor waives <br /> demand o1 notiCe Of SuCh sale.)After deducti�g a!I costs,fees and expenses of Trustae,and of th�s trust,mCluding cost ot <br /> evidence of title in cannection with such sale,Trustee shalt t��st apply the proceeds of sale to the payment of all sums <br /> expended under the terms f�ereot,not then repaid,with accrued�nterest at the rate then payable under the note or notes <br /> secured hereby,and then to payment of all other sums sgcured hereby,and�f thereafter there be any proceeds remaining. <br /> distribute them to the person or persons legally entftled thereto. '" "'-- <br /> H this�eed of Trust or any note secured hereby provides for any charge for prepayment of any�ndebtedness secureci <br /> hereby,Trustor agrees to pay said charge.�f any of sasd indebteainess shall be pa�d pr�or to the matur�ry datethereot statec! <br /> in said note or this Deed ot Trust, even if and nolw�thstandmg Trustor shall have defaulted �n payment thereof, or in <br /> performance ctlany agreement hereunder,and 8eneiic+ary by reason thereol,shall have declared all sums secured hereby � <br /> � immediateiy due and �ayable. i� <br /> SCHEbULE OF LE�SES:W�thin t�n( tU)daysafter demand.Trustor shall furn�sh to Trusteeor B�net�c�arya sch�du�e. �v <br /> certified by Trusto�,sett�ng{octh all teases olsuch pruperty,�nc�ucf�ng.�n each case,th�name ot the tenants or occupants.a �r- <br /> description ot the space occupied by such tenant ancS ocr.upart, t�e rer.tal payab�e ?or such sp�ce and such oiher � <br /> �n <br /> �nforrnblion and doCUments with resp�ct to such leasos ancS tenanc�es�s ihe 1 rustee or Benet�c::ary may requ�st � � <br /> COVENANTS��Tf�USTOFi WITH RE5PECT 70 LEA5ES W�thout the pr�or wratten cons�nt of TrustNe or Benehc�ary <br />' TrustOr shall not,d�rvctly pr�ndirectly. v,ritFy r�spect to ttny le�se ot sUac��n such prppE:rty. wr�ethF�r ;uc.n IeasE;�s r,c�t o* <br /> her��fter in exiSt�nce ( a )accQpt or perm�tenyprep�yment,discc>ur.t Or 7dv<+nc;e�ayment ot rent tt�ereunder 1 t� i c t�nc.E�' <br /> or IErm�nate thE�.�me.or accept any car�celtaUOn,ternunat,on �r surre��d�r �nereUf t�r �Etnut:�r�y (��t•;,t f0 UC.CtU .ahi(Y• —� <br /> YJOl1ldEftt141plhE;l@SSE'NlhE�reundertot�rm�n�teUrCdn4elthF'S£lmF�.l l �,IntttlidUr��t��p�f� !ht�'�;int•�,�,1',',,rt'd��� e��hE�l��r�r, <br /> - --- ---------..,...,�. ��..,.�-.r --�--.---- - - -- -— - ---- - - — --- ------ __ --� <br /> --- �__��-��.:__ _ _•---- _._ _-._ �_ _� <br /> -- =_-"-.� - _ ��- - <br /> -- —� — - - - � <br /> _,.,,,�,� = ; :�.�5�. .4 . _ ..e�1 . . .. � .. �F�'�" �/y;..�� .�. _ <br /> _ __ _ �'�,}�r�;o�m <br /> 'k � <br /> � . � . . . . . . � . � „ � - S-'. , , - . , . . . , . i. . . . , . �r,�:.�n <br /> . . . . _. ...., `•r. <br />