Laserfiche WebLink
89- .IO3738 <br />S. Taxes. Asseset fs, end Oveles. Trustor shall pay all taxes, assessments and other charges, including, without limitation, fines and im- <br />positions attributable to the Properly, and Ikasehold payments or ground rents, if any. before the some become delinquent. Trustor sholl promp- <br />fly furnish to Bonetkkwy all notices of omowtis due under this paragraph, and In the event Trustor shall make payment directly, Trustor stall <br />pror"Ily fvrnUh to Illene(kiory receipts evidencing such payments. Trustor stfahl pay all foxes and assessments which may be levied upon <br />1 lomficiory's interest herein or upon this Deed of Trust without regard to any low that may be enacted imposing payment of the what* or any <br />perch thereof upon the Beneficiary, <br />6. AdrNetsel than and hetedia of Beeeficlttry'e Secwhy. Trustor shall make-oil payments of interost.and principal and payments of any <br />other charges, fees and expenses contracted to be pMd to any existing ItenhoWers or prior beneficiaries under any prior deed of trust or mor- <br />tgage before the dote they ore delinquent and promptly; pay, and discharge any and oil other liens, claims or charges which may jeopardize the <br />security granted herein. If Trustor fails to make o ty1ttr)t,payment or fails to perform any of the covenants and agreements contained in this <br />Deed of Trust, or in any prior mortgage ter dfred,af.trust, of If any action or proceeding is commenced which moteridlly effects Boneficiory's in- <br />forest in the Property. impeding, but not(dmiled,to.,eminent domain proceedings, or proceedings involving a decondent, or ifirustor foils to pay <br />Trustor': debts generally as they becormi due. then Beneficiary, of Beneficiary's option and without notice to or demand upon Trustor and <br />vrithout releasing Trustor from any obligotian hereunder, may make such appearances, disburse such sums, ad. take such action as is necessary <br />to protect Beneficiary's interest including, but, not limited to. disbursement of reasonable attorney's fees, poYttwt, purchase, contest ar cote- <br />promise of any tocumbntnce, charge or Dan.. and entry upon the Property to make repairs. In the event that Trustor shell foil to procure in- <br />sttronco or to pay taxes, assessments, or any, other charges or to rcwke any payments to existing prior lien hafders or boneNciaries. Beneficiary <br />may procure such U..�uronce and make such payment. Any announts disbursed by Beneficiary pursuant to this Paragraph 6 shdlbecome o&dl':t'ia nal <br />indebtedness of Trtatgr secured by this Deed of Trust. Such amounts shall be payable upon notice from Brae Wbry to Truster requesC°nrn pay- <br />ment thereof, and shall bear interest from the date of disbursement at the rate payable from time to tiro + m outstanding pi cipol wt6# the <br />Note unless payment of Interest at such rate would be cordrory to applicable law, in which event svzlx ar7,W `r! sholl bear inrcrest of the highest <br />role permissible under applicable low. Nothing contained in this Paragraph 6 shall require Beneficiary io iw. any expense or take any oction <br />hereunder. <br />7. Assifinatent of Rents. Beneficiary shall have the right, power and authority during the continuance of' this Deed of Trust to ctt::ect the <br />rents. issues and profits of the Property and of any personal property located thereon with or without taking possession of the property affected <br />hereby. and Trustor hereby absolutely aWwi6onditionally assigns oil such rents, issues and profits to Beneficiary. Beneficiary, however. hereby <br />consents to the Truster's collection and retltntion of such rents, issues and profits as they accrue and become payable so long as Truster is not. <br />at such time. in default with respect to payment of any indobledrtoss secured hereby, or in the performance of any agreement hereurrdor. Upon <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 without <br />regard to the adeguoty of any security for the indebtedness hereby secured. (a) enter upon and take possession of the Properly or any part I <br />thereof, and in its own none sue for or otherwise collect such rents. issues and profits. including those past due and unpaid. aril apply the some, I <br />Mss costs and expenses of operation and collection, including reasonable attorneys fees, upon any indebtedness secured hereby, and in such <br />w 9=f;v;fww wAftu ,.1,. f.-r., ; (Lt ~fnn» mirk wit of rennin or oratection as may. be necessary or Proper to conserve 1hte value of the _ -- <br />Properrys (c) lease the same or any part thereof for such rental, term, and upon such conditions as its judgment may dictate or terminate or ad- <br />just the terms and conditions of any existing teas@ or looses. Unless Trustor and Beneficiary agree otherwise in writing, any applicotion of rents, <br />issues or profits to any indebtedness secured hereby shall not extend or postpone the due dote of the installment payments, as provided in said <br />promissory note or chase the amount of such installments. The entering upon and toning possession of the Properly, Hhe'W16t(eri of sirch — - <br />rents. issues and profits, and the application thereof as aforesaid. shall not waive or cur@ any default or notice of default hereunder, or in• <br />volidote any act dam pursuant to such notice. Trustor also assigns to Beneficiary, as further security for the performamu:e.of the obligations <br />secured hereby. alf prepaid rents and oil monies which may hove been or may hereafter be deparsitei with said Trustor by -arty lessee of the Pro - <br />perty. to secure the payment of any rent or domopes, and upon de(oult'in the performance of any of the provisions hereof, Trustor agrees to <br />dole w.. such rents and deposits to Beneficiary. Delivery of written notice of Beneficiary's exercise of the rights granted herein, to any tenant oc- <br />c%Witg said premises shall be sufficient to require said Conant to pay said rent to tite Beneficiary until further notice. <br />S' sademostlele. if title to any part of the Property shall be taken in condemnation proceedings, by right of ominertt domain fi similar action) <br />or shag be sWurOor threat of cadertxtotion, all awards, domrages and proceeds are hereby assigned and shall be paid to Beneficiary who shoes <br />aWf such award's. damages and proceeds to the sum sowed by this Deed of Trust, with the excess, if any, poid to Trustor. If Trustor receives l <br />omy notice or other information regarding such actions or proceedings. Trustor shall give prompt written notice thereof to beneficiary. <br />Bertefic'rory shcobe entitled, of its option, to commence, oppeor in onp.prosecute in its own name any such action or proceedings and shall be en- <br />filled to make any.,compromise or settlement in connection with any suds action or proceedings. ± <br />9. Renauirt'i tfit Exclusive. Beneficiary shot! be entitled to enforce . payment and performance of any indebtedness. ar obligalions secured <br />hereby and to exercise all rights and powers under this Deed of Trust or under any; other agreement executed in connection f erewith or any laws <br />now or hereafter in force, notwithstanding some or d ind <br />l of the such ebtedrness and obligations secured hereby may now or hereafter ba'pther- <br />wise secured, whether by mortgage, deed of trust, pledge, lien. assiprient or otherwise. neither the occeplonce of this: Deed of Trust nor its <br />enforcement whether by court action or pursuant to the power of safe or other powers herein contained, shall prejudice or in any manner oflect <br />Beiveficktry's V40 to realize upon or enforce any other security now or hereafter held by Beneficiary, it being agreed fhal Beneficiary shall be <br />entitled to enforce this Deed of Trust and any other security now or hereafter held by Beneficiary in such order and monner as it may in its ob- <br />s"o discretion dojo nfitte. th remedy trereie conferred upon or reserved to Beneficiary is intended to be exclusive of any other remedy herein <br />or by low provided or permitted, but each sholl be cumulative and sholl be in addition to every other remedy given hereunder or now or hereof ter <br />existing of low or in equity or by statute. Every power or remedy provided hereunder this Deed of Trust to Beneficiary or to which it may be <br />otherwise omitted, moy be exercised, concurrently or independently, from time to time aril as often as may be deemed expedient Beneficiary <br />and it ahoy pursue'inconsisiant ronwd;es. Nothing herein shall be construed as prohibiting Beneficiary from seeking a deficiency judgment against <br />the Trustor to the extent such action is permitted by low. <br />10. Transfer of hop"# Asompthrr. if all or any port of the property or any interest therein is sold. transferred or conveyed by Trustor <br />uOhout soneficiary's prior written consent, exckiding (a) the creation of o lion or encumbrance subordinate to this Deed of Trust, IN the creo- <br />lion of o purchase money security interest for household appliances, (c) a transfer by devise, descent or by operation of tow upon the death of a <br />jaunt le+tont or (d) the grant of any leasehold interest of live@ years or less not containing on option to purchase. Beneficiary may, of � <br />Beneficiary s option, doclare all the sums secured by this Deed of Trust to be immediately due and payable, or cause the Trustee to file, o notice <br />of default. Beneficiary shall have waived such option to accelerate if, prior to the sale, transfer or conveyance. Beneficiary and tt,e person to <br />whom the properly is to be sold or transferred reach ogreemeni in writing cheat the credit of such person is satisfactory to Beneficiary and that <br />the interest payable on the sums secured by this Deed of Trust shall be al such tole as Beneficiary shall request. <br />r' <br />IMP <br />W <br />