Laserfiche WebLink
--_5— <br />r <br />} <br />L <br />_ .. <br />i <br />1: <br />_ 1< <br />JL01720 <br />S:'Tues; Aisessinertts, end fiwriffsr. Truster shall pay all taxes, assessments and other charges, including, without limitation, lines (r,r: im- <br />pashionst attributable to the Property. and ioosehokf payments orground refits, if any. before the sorry became delinquent. Truster shall promp. <br />fly twnish to Senollciary all notices of amounts due W&r fta3 paragroph, and in the event Trustor shall make payment directly. Trustor shall <br />promptly furnish to Beneficiary receipts evidencing such payments. Trustor shall pay all toxes.aand assessments which may. be levied upon <br />Boneficiory's interest herein or upon this Deed of Trust without regard to any low that may be enacted imposing payment of the whole or any <br />W thereof upon the Beneficiary. <br />6. AddilToed 111 end reotedisa of knef►chrt's security. Trustor shall make all payments of interest and Principe! and payments of'wy <br />other charges, fees and expenses tontracted to be pofd to any existing iyenhalders or prior bertEfic-- ees under any prior deed of trust or mw- <br />taope before the dogs *ey are delinquent and promptly pay and discharge any and all other. Peens, claims or charges which may jeopardiie the <br />socurity granted herein. If Trustor fails to make any such pediment er fall's to perfam any of The covenants crud oW- eetnents contained in this <br />Deed of Trust, or in any prkr mortgage or deed of trust, of if any actiort or proceeding is commenced Which rrwtsrkilly affects Beni- firiary's in- <br />forest in the Property, including, but not limited to, eminent dotmin proceedings, or proceedings involving a decendent, or if Trustor faits to pay <br />Truster's debts generally as they become due, then Ber:efKiary, at Beneficiary's option and without nolke to or demand hum Truster and <br />without releasing Truster from any obligation hereunder, may make such appearances, dishmse suchsums, and take such action as is necessary <br />to protect Beneficiary's interest including, but not limited- to,. disbursement of reasonable attorney's fees, payment, purchase, context or, com- <br />promise of any encumbrance, charge or lien, and entry upon the Property to make repairs. In the event that Trustor shall fait to procure in- <br />surance or to pay taxes, assessments, or any other charges or to make any payments to existing prior lien holders or beneficiaries. ffeneficiarY <br />may procure such insurance and make such payment. Any amounts disbursed by Beneficiary pursuant- to this Paragraph 6 shall become additional <br />indebtedness of Trustor secured by this Deed of Trust. Such amounts shall be payable upon notice train Beneficiary to Trustor requestinq pny- <br />ment thereof. and shall bear interest from the date of disbursement at file rate payable from time to time on outstanding principal under Th? <br />Note arrdess payment of interest of such rote would be contrary to applicable low, in which event such amounts shall bear interest at the Kjhest <br />role permissible under applicable low. Nothing contained in this Paragraph 6 shall require Beneficiary to it• -er any expense or take any aclitin <br />hereunder. <br />7. Assigmeent of Rents. Beneficiary shall have file right, power and authority during the conlinuance of this Deed of Trust to collect the <br />rents, issues and profits of the Property and of any personal property located thereon ac;clt or without taking possession of the property affected <br />hereby, and Trustor hereby absolutely and unconditionally assigns all such rents, issues ad profits to Beneficiary. Beneficiary, however, herefby� . <br />consents to the Trustor's collection and retention of such rents, issues and profits as tl;m; - accrue and become payable so long as Trustor is n�1. <br />of such time, in default with respect to payment of any indebtedness secured hereby, or'in the performance of any agreement hereunder. Up-,' <br />any such default, Beneficiary may at any time, either in person, by agent, or by receiver to be appointed by a court, without notice and withatrt' <br />regard to the adequacy of any security for the indebtedness Pereby secured, (a) enter upon and take possession of the Property or city pail <br />thereak and in its own nonce sue for or otherwise collect sues; dents, issues and profits, including those post due and unpaid, and apply fine some. <br />less cost$ and expenses of operation and collection, including reasonable attorneys fees, upon am; indebtedness secured he;eb'y, and in such <br />order as Beneficiary may determine; (b) perform•such acts of repair or protection as may be necessary or proper to consera¢ 04 value of file <br />Properrv, (c) lease the sume or any part thereof. for such rental, germ, and upon such conditions ositsjudgment may dictate or terminale or ud- <br />just floe germs and conditions of any existing lease or leases. Tlnloss Trustor and Beneficiary agree otherwise in writing, any opplicat!orr of rents, <br />istuevor tnrolits to any indebtedness secured hereby shall not extend or postpone the due date of the installment payments as provided in said <br />prossory note or change the amount of such installments. The entering upon and taking possessr'.c , of fete Properly, the collection of such . <br />rents,, issues and profits, and the application thereof as aforesaid, shall not waive or cure any audit 0,t or notice of default hereunder, or ire• <br />vrglidofe any act done pursuant to such notice. Trustor olso assigns to Beneficiary, as faer;her sars:.-:y for the performance of the obligations <br />sezzedhereby, all prepaid rents and all monies which may ►cove been or may hereof ter be deposi *e's' with said Trustor by any lessee of lire Pro - <br />persy, c"o secure the payment of any rent or damages, and upon default in the performance of at-,,; .uF file provisions hereof, Truster agrees to <br />deliv'er such rents ant .deposits to Beneficiary. Celivery of wriflen notice cf Beneficiary's exercise trip rights granted herein, to any tenant oc- <br />cupyih9 said premtwv,,MdlI be sufficient to require said tenant to pay said vent to the Beneficiary until further notice. <br />8. Gtindornnetioe. If title to xTtr,,IPxt of the P:aperty sharl'be taken in condemnation proceedings. by right of eminent domain or similar action, <br />or 1toul Coe sold under threat d putrfeeranalion, all'awards, k7noges and proceeds cre ,temt:.y assigned and shall be paid to Beneficiary who shall' <br />opp;t i.Ai awards, damages on5 -;tnX eels to fho' ;um secured by this Deed of Trust, w-'Mi the exam; if any, paid to Trustor. If Trustor receives <br />any rvotice or other information regarding w4di actions or proceedings. Trustor shall give prompt wrillen notice thereof to beneficiar)r., <br />Benefebry shall be entitled, at ifs option, to commence, appear in and prosecute in its own name any such action or proceedirg;�-'vr?d shall be i_s,t; <br />litltr3. s "a rake any compranise or settlement in connection with any such option or proceedings. <br />9. 'i modios Not Esclusive. Beneficiary shall be entitled to enforce payment and performance of any indebt"aess or abllilf,%tions sticurrrt <br />hereby and to exercise all rights andpowe.s under this Deed of Trust or,itidoir any other ugreernent executed incormection iteravI01fr or tiny laws <br />now or hereafter in force, notwilltsfunding settle or all of the such indebleditess and obligations secured hereby may now or hereolaer be other. <br />wise secured, whether by mortguge, deed of trust, pledge, lien, assignment or otherwise. Neither the acceptance of this Deed of Trust nor. its <br />enlart r!snent whether by court orflanor pursuant to the power of stile or ottic-rpgwere hohctin contained, skull prejudice or in wry manner ttllifrl <br />Beneficiary's right to realize upon cw arhfurce any other security now or hrm;iftm itatd fir Beneficiary, it being ago Poll Ilrut Beneficiary slydll ire. <br />entitled to enforce this Deed of Trust and any other security now or herenfigr held by Beneficiary in such order and ntuuner as it'll in its nkt- <br />solute discretion determine. No remedy herein conferred upon or reserved to Beneficiary is intended to be exclusive of any olliEr remedy her On . <br />or by law provided or permitted, but each shall be cumulative and shall be in addition to every other remedy given hereunder or now or hpreaf rr +p <br />existing of low or in eqrity or by statute. Every power or rernedy provided ltereunde, this Deed of 11us1 to Derreliciary or tv winch it May lrc <br />otherwise entitled, may be exercised, concurrently or independently, from time to time and as often as may be deemed expedient Beneficiary <br />OW it may pursue inconsistent remedies. Nothing herein shall be construed as prohibiting Beneficiary from seeking o deficiency judgment eguinst <br />the Trustor to the extent such action is permitted by low. <br />10. Trertofor of Property: Asruhnftton. If all or any part of the properly or any interest therein is sold, transferred or conveyed by Trustor <br />without Beneficiory's prior written consent, excluding (a) the creation of o lien or encumbrance subordinate to this Deed of Trust, (b) the creu- <br />lion of o purchase money security interest for household appliances, (c) a transfer by devise, descent or by operation of low upon Itne death of u <br />joint tenant or (d) the grant of any leasehold interest of three years or less not containing an option to purchase. Beneficiary may, at <br />Ben-fi��y's options, dzeclura OR the sum; secured by th;s Deed of :rust to be immediately due and payable, or cause the Trustee to fife a rtnttc e• <br />of default. BerteWory shall have waived such option to accelerate if, prior to rite sale. transfer or conveyance, Bertelic iary and the prison trs <br />whom the property is to be sold or transferred reach agreement in writing tivrs the credit of such person is satisfactory to Bpi ?liciury and 1L,tr <br />theinterest payable en the sums securejby this Deed of Trust sltali bs at surly rate us Benelicinty situ!! wgiest . <br />r. <br />