r
<br />L
<br />I
<br />�.� 371
<br />S. Ts , #ANN=** ��. Truster shelf goy all foxes, assessnods and other changes, including, without limitation, fines and im-
<br />position attributable to the ftW- 4, and Isaselald poyttteMs a praurd rents, if any, before the tone become delinquim. Truttor shill prontp-
<br />fly fumish to Beneficlory all nukes of amounts duo under this paragraph, and in the went Truster shall make payment directly, Truster doll
<br />pranptly furnish to Beneficiary receipts evidencing such payments. Trustor shell pay olf tones and ossessmants which may be levied upon
<br />Beneficiary's intaast henna► or upm this Deed of Trust without regard to any low dust may be onafed imposing payment of the whole or any
<br />part thereof upon the 111"f Clary,
<br />6. AddMosed Usti ad M1eMtse M Bsasfisibrr's I»ewMy. Truster shall make all poymms of interest and principal and poyments of any
<br />other dtorgce, fees and expenses contracted to be paid to any existing lienholders or prior beneficiaries under any prior deed of trust or mor-
<br />tgage before the dot* they ore delinquent and promptly pay and discharge any and oil other lions. chsims or chorgss which may jeopordixe the
<br />security Wonted Main. If Truster fails to make any such payment or fails to po Form any of the covenants and agreements contained in this
<br />Deed of Trust, or in any prior mortgoge or deed of trust, of if otty action or is cateeenced which MdOr all effects tlenefic'
<br />proceeding - y Cory's in.
<br />forest in the Property, including, but not limited to, eminent del nuoin procesdmp. or proceedings involving a deeendent, or if Truster f" to pay
<br />Trustor's debts generolly as they become do, then Seniskiary, of Beneficiary's option and without notice to or demand upon Tnntor and
<br />without releasing Trustar from any obligation heretunder, may make such app eora 0%. disburse such sums. and take such action ors is necessary
<br />to protect Neefkiory's btserfist including, but not limited to, d4bursetrnent of reasonable o"emey's fees, payment, purchase, contest at com-
<br />promise of any encumbrance. chorg t or lien, and entry upon the Property to make repairs. In ere event that Truster shall fail 10 procure in-
<br />surakre or to pay taxes, assessnwots, or any other charges or to make any payments to existing prior lien hollers or beneficiaries. Beneficiary
<br />knot' procure such insurance and make such payment. Any amounts disbursed by Beneficiary, pursoont to this Porogroph 6 shall beconne addiilonal
<br />indebtedness of Truster secured by this Deed of Trust. Such amounts shall be payable upon notice from bmfkkwy to Truster requesting pay.
<br />merit thereof. and shall boar interest from the date of disbursement at the rate payable from time to time on outstanding prlttcipai under the
<br />Note unless payment of interest at such rote would be contrary to applicable law. in which even such amounts shall bear interest at the highest
<br />rote permissible under applicable low. Nothing conjoined in this Paragraph 6 shall require Beneficiary to incur any expense or take any action
<br />hereunder .
<br />7. AeslBxsest of Bette. Beneficiary, shall have the right. power and authority during the conlinuonee of this Deed of Trust to collect the
<br />rents, issues and profits of the Property and of any personal property located thereon with or without taking possession of rake property affected
<br />hereby, and Truster hereby absolutely and unconditionally assigns all such rents, issues and profits to Beneficiary. Bereficiary, however, hereby
<br />tommirkts, to the Trustor'S:aiNction and ratention lah rants, issues and profodi as #*I uccfue atri f34iKarne payai>ie so king as Trustaar is not,
<br />of such time, in default with respect to payment of -nor indebtedrwss secured fieraby, or in the performance of any agreement heroumler. upon
<br />any such default, Brofkiary may of any title. either in person, by agent• or by receiver to be appointed by a court, without notice and without
<br />regard to the adequacy of any securdtt, "err the indebtedness hereby secured, ful enter upcip Ural take possession of the P•Aperty or any port
<br />thereof, and in its own name sue for or a'i )owise collect such rents. issues and pro?ats, including those post due and unpaid, and apply the some,
<br />• J -
<br />less cost$ and expenses of operation and collection, including reasonable oteornevs fees, upon any indebtedness secured hereby, and in such
<br />order as Beneficiary may determine; (b) perform such acts of repair or protection as may be necessary or proper to conserve the value of the
<br />Property; (c) lease the sane or any port thereof for such rental, team and upon such conditions as its judgment may diclott or terminate or ad-
<br />just the forms and conditions of any exit: irg lease or leases. Unless 7 -sitar and Beneficiary agree otherwise in writing, ono of Okolion of rents,
<br />-
<br />issues or profits to any indsbtednness secured hereby shall not extend or postpont the due dote of the instol?ment payments as prevailed in said
<br />promissory note or change oho amount of such rnstoli ✓'emus. The entering upon and taking possession of r?* Property, the collet_ylw ,,? such
<br />rents, issues and profits• and the application thereof as aforesaid, shall not w6 we or cure any default at notice of default hereutkdrr, oe in.
<br />validate any at done pursuant to such notice. Truster also assigns to Beneficiary, as further security for the perforwence of the obligations
<br />secured hereby, all prepaid rents and ai: monies which may have beer or may hereafter be deposited with said Truster by any lessee of the Pro-
<br />perly, to secure the payment of any rent or damages, and upon default in tine �4a formonce of any of the provisions hereof, Truster agrees to
<br />deliver such rents and depot its to Beneficiary Delivery of written notce of Bemil.rtory's exercise of the rights Wonted herein, to my tenant oc-
<br />cupying soil premises shall be sufficient to ro"i►e said tenant to pay said rent to the Beneficiary until further notice.
<br />S. CeeietnstMiets, If 141e for any parr o•f the Property shall be token in condemnation proceedings, by rgM of eminent donwun or similor action,
<br />or shall be sold under threat of condemnation, all awards damages and Proceeds we hereby assigned and shall be paid to Beneficiary rxfw shall
<br />apply such awards, damages and proceeds to the sum secured by this Deed of Yt st, with the excess, if any. poidxo Truster If Truster necotives
<br />any notice or other information regarding such actions or proceedings, Truster shell give prompt written notice fhereol to bet o'ctarv.
<br />Beneficiary shall be entitled, of its option. to commence, appear ,v onk! prosecuke to its own name any such action or prouedikgs and shot he ea-
<br />-
<br />titled to make any compromise or settlement to connection with a"•t, _0 action or proceedings
<br />9. Rewe/ies Net hch sits. Beneficiary shall be entitled to enforce payment and performance of any indebtedness or obligations got wed
<br />hereby and to exercise all rights and powers under this Deed of Trust or under -any other agreement executed in corm letlion 9ke►lNnth or tart' +ows
<br />now or hereafter to force. notwithstanding same or all of the such indebtedness and obligations secured hereby may now or hereafter be other-
<br />wise secured, whether by mortgage, deed of trust. pledge. lien, os-%4- nenf or otherwise Neither the acceptance of this Deed of Trust nor its
<br />enforcement wholher by court action or pursuant to the power of sale or other powers herein conjoined, shall prejudice or in any manner affect
<br />Benefkiory's right to reolite upon or enforce any other security now or hereafter held by Beneficrory it being ogreed that Beneficiary shall be
<br />entitled to enforce IN$ Deed of Trust and any other security now or hereafter held by Beneficwry in such order and mariner os tt may rn its ab-
<br />solute discretion determine. No feanedy twe►n conferred upon or reserved to Bemfkwy is intended to be exclusive of any other remedy herein
<br />or hw Imw nrer.dM nr rr 4ttmA bus . k drwn k....w Ass .... --A .r.,.0 � ....wr..:...... _ �._ _.�. -- - _- & -__. -'- - . - ..
<br />• - - - -- - .- ... -. - -• --. _�.. _._.. __ _..._.�.._. �..� �.�. - _...�............... t ........r......r y��I.. •w. wvrrtwr w rive w nre►trorter
<br />existing at law or to equity or by statute Every power or remedy provided hereunder this peed of Trust to Beneficiary or to which of may be
<br />Otherwise entitled, may be exercised concurrently or independently from time to time and as often as may be deemed ex pedent Bereficicry
<br />and it may pursue irnconsnstanf rettedes. Nothing tenem shill be construed as prohibiting Be neftctory from seeking o defKwxy judgment against
<br />the Trustor to the extent such action is permitted by low
<br />10. Tnesbe of IfrVOIllt Anumpliee. If all or any pat of ate property or any interest therein is sold transferred or Conweved bt rtustor
<br />without Bawficiory's prior written consent, excluding lol the creation of a lien or encumbrance subordtrnate to this Deed of Foust bt -tmi, ,;ren.
<br />lion of a purchase money security interest for household applances. tc l a transfer by devise, descent or by opovii on a+ low upon the der rh of a
<br />joint tenortt or Idh the grant of any Iwsehold interest of three yeas or less not containing on aptron roc purchase hfenerKOry nay at
<br />Beneftenory s option, declare all the sums secured by this pod OF Trust to be wmedwf#4v du. oml poyab+e or cease tree Trustee to #,I# o not.ct
<br />of defouit. Beneficiary shalt have waved such option to occelerare if prior to "* rock rronster or conveyance BeewfocOry orb the parson to
<br />whom the property is to be sold or tronsfwred reach agreement M wr;swaq fhar the credit of six h per sin is satisfactory to Bareloc ary and fhat
<br />the interest' paftrable on rho sums secured by thus peed of Trust shoal use of o„ t•rt rate as Buefw ter y shall request
<br />I
<br />
|