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89104392
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Last modified
10/20/2011 8:31:53 AM
Creation date
10/20/2005 9:53:44 PM
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DEEDS
Inst Number
89104392
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104392 <br />appointed by a court, without notice and without regard to the <br />adequacy of any se=ity for the indebtedness hereby secured, (a) <br />enter upon and tans possession o! the Property or any part <br />thereof , and fn its - cvD ,Haas sus for or otherwise collect such <br />rents, issues and profits, including those past due and unpaid, <br />and apply the same,, l"& costs and expanses of operation and <br />collection, includIT4 seasonable attorneys fees, upon any <br />indebtedness secwced'bersby, and in such order as Beneficiary say <br />determines (b) perr*u such acts of repair or protection as say <br />be necessary or proper to conserve the value Of th* Property; (c) <br />lease the Base or any part thereof for such'tOnttl,.torn, and <br />upon. such conditims as its judgment. may dictate o &;,terminate or <br />adjust. the terms and.eonditions of any existing IAasa or leases. <br />Vnl *i* Trustor and` Beneficiary agree otherwise in writing, any <br />ap j-- 4- option of rents, issues or profits to . any indebtedness <br />secured hereby shall not extend or postpo* the due date of the <br />inst&lLmnt paysents as provided.i* maid promissory note or <br />: <br />chang *.: the amount-of such installsentiiR The entering upoin . and ,', ". <br />taking possesstam- of the Property, the collection of such. rentsu." <br />issues and ps*f-its, and the application thereof as <br />shall not vnn4ve or curl am default or no ice of <br />horour4or,, or invalidate any act done pursuant to such . notice. <br />Trustdr also assigns to Beneficiary,' as further security ::fQr the -.. <br />` y dzmance of the obligations secured hereby, all prepa rents <br /><, <br />:anal softiies which may have bewr or may hereafter be deVasitid <br />: with, aid Trustor by any lessee of the Property, to secure the.. <br />paym*pt.of any rent or damages, and upon default in the : <br />performance of any of the provisions hereof, Trustor agroos-to <br />deliver such rents and deposits to Beneficiary. Delivery of <br />written notice of Beneficiary's exercise of the rights granted <br />herein, to any tenant occupying said promises shall be <br />sufficient to require said tenant to pay said rent to the <br />Beneficiary until further notice. <br />9. Condemnation. if title to any part of the Propptrty <br />shall..be taken in condemnation proceedings, by right of srinent <br />domain -or similar action, or shall be sold under threat of <br />condemnation, all awards, damages and proceeds are hereby <br />assigned and shall be paid to Beneficiary who shall apply such <br />awards, damages and proceeds to the sun secured by this;osed of <br />Trust, with'the excess:, if any, paid to Trustor. It Trustor <br />receives any .err other information regarding such sections <br />.notice <br />or proceedings, Trustor shah. give p�cos;.t written notice "thereof <br />to Beneficiary. Beneficiary shall be entitled, at its option, to <br />; <br />commence, appear in and prosecute in its own name any sum► action" <br />or and shall be entitled to make any compromise or <br />proceedings <br />settlement in connection with any such action or proceedings. <br />10. ggUAdies Not E]LCLusiVe. Trustee and Beneficiary, and <br />each of then, shall be entitled to enforce payment and <br />performance of any indebtedness or obligations secured hereby and <br />to exercise all rights and powers under this Dead of Trust or <br />5 <br />U <br />
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