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F <br />104940 <br />5. Tarcas, Assessments, ou,l Oarge's. Trustor shall pay oil foxes, assessments and other charges, including, without limitation, fines and im <br />positions attributabie to the Prop't+ ly, and leasehold payments or ground rents, if any, before the some become dOnquent. Trustor shall promp- <br />tly furnish to BeneficiM.oll notiers;'af amounts due under this paragraph, and in the event Trustor shall make payment directly. Trustor shall <br />promptly frmnRli to Senefivary rey,`�ts evidencing such payments. Truster shall pay all taxes, and assessments which may be levied upon <br />Benc .-lary's interest herein or upon fhif Deed of Trust without regard to any low that may be enacted imposing payment of the whole or any . <br />part thereof upon the Benefitior*y, <br />b. Adr;illeml tisns emit Prntacsir -n of 6initificfary's Security. Trustor shall make all payments of interest and principal and payments of any <br />other charges, fees and expenses eantior..1 l to be paid to any existing iienhafdors or prior beneficiaries under any prior deed of trust or mor- <br />tgolle before the date they are delinquent .-cord promptly pay and discharge any and all other lions, claims or charges which ma; lean rdize the <br />security granted harem. If Trustor fuis to make any suer °,'moat or fails to perform- any of the covenants and agreements contained in this <br />Deed of Trust, or in any prior mortgage ordeed of trust, of if any action or proceeding is commenced which materially affects Beneficiary's in- <br />ferest in the Property, including, but nat;limited to, eminent domain proceedings, or proceedings involving a decendont, or if Trustor fails to pay <br />Trustor's debts generally as they brrmn due, then Beneficiary, at Beneficiary's option and without notice to or demand upon Trustor and <br />without releasing Truslor from arty abl g -,Olon hereunder, may make such appearances, disburse such sums, and take such c tion as is necessary <br />to prowt Beneficiary's hiferest M:4071,1 but not limited to, disbursement of reasonable attorney's fees, payment, contest or com- <br />promise of any encumbranc=e. chargp, err lien, and entry upon the Property to make repairs. In the event 411 of Trustor Skilail to procure in- <br />suranze or to pay fares, assessme-W, or any other charges or to make any payments to existing prior lien'44c ?dens or beneficiaries, Beneficiary, <br />may procure such insurance onJ -, t*e such payment, pry amounts disbursed by Beneficiary pursuant to this yeragroph b shall become additionol <br />kidebledaass -of Trustor. save -ed by this Deed of Trust. Such armrin :isholl be payable upon notice from Beneficiary t;v.Tr7jstor requesting pay - <br />mans lheteaf, and shallibccr interest from the dote of disbursers - ;V.at the rate payable from time to titan¢an outsf676r g principal,.4nder the <br />Note unless. payment :aFiplvirest at such rate would be contrary to v3gplicoble law, in which event such ama ighest <br />rate pe*rvtit_iYriiti u?lder appif rote law. Nothing contained in this Paragraph 6 shall require Beneficiary to truce' :a ;y'r °pence or iYV, V.. cl action <br />hesNtrade :. <br />7. Assigrantt,t of Rents. Beneficiary shall have ilia right, po 'er and authority during the continuance of this :ized:6":`u sl to collect the <br />rents, issuer and profits of the Property avid of any personal prop.". ' !ocoted thereon with or without taking possessl��� .Eae property affected <br />hereby, and Trustor hereby absolutely and unconditionally assigns all such rents, issues and profits to Beneficiary. Senq,- 41pry, however, hereby <br />consonts to ilia Truster's collection and retention of such rents, issues and profits as they accrue and become payable c+g as 7r star is not, <br />of such time, fri default with respect to payment of any indebtedness secured hereby, or in the performance of any a _ter, :: orst hereunder. Upon <br />any such defrri rs; Oerrefki.zey may at any time, either in person, bit ent, or by receiver to he appointed by a court, w -!`Rc.rat notice and without <br />regard to the udequacy'-_f*.:y.security for the indebtedness hereby secured, (a) enter upon and take possession of tl"z Property es any part <br />1 cr-reof, and in its own none sue for or otherwise collect such rents, issues and profits, including those post due and unpaid, and apply the some, <br />Y` 5 >rosts and expenses of operotion and collection, 4 .ciuding reasonable attorneys fees, upon any indebtedness secured hereby, and in such <br />order as Beneficiary may determine; (b) perform such acts of Tr_pgir or protection as may be riacessaTy or proper to conserve the value of the <br />Property; (c) lease the some 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 lease or looses. Unless Trustor and Beneficiary agree otherwise in writing, any application of rents, <br />issues or profits to any indebtedness secured hereby shall not extend or postpone the due dale of the installment payments as provided in said <br />promissory note or change the amount of such installments. The entering upon and taking possession of the Property, tiro collection of such <br />rents, issues and profits, and the application thereof as aforesaid, shall not waive or cure any default or notice of default hereunder, or in• <br />volidute any act done pursua*vt,to such notice. Trustor also assigns to Beneficiary, as further security for fire performance of lite obligations <br />sarured hereby, all prepaid rcets and all monies which rrrr; !rave been or may hereafter be depos'ied with =,d Trustor by any lessee of the Pro - <br />pe'rfy, to secure the paymerr r;f any rent or damages, , rid upon default in the rerformance .f .fry cf I* T provisions hereof, Trustor agrees to <br />deliver such rents and deposits to Beneficiary. Delivery of written r nf'te of Beneficiary's exen:i!e if the eights granted herein, to any tenant oc- <br />cupying said premises shall be sufficient to require said tenant to rrtry), said rent to the Benefictcri until further notice. <br />8. Condemnation. If title to any port of the Property shall be taken in condemnation proceedings, by r;r f a of eminent domain or similar action, <br />or shall be sold under threat of condemnation, all owartfs; damages apd proceeds are hereby assigned urz' shall be paid to Beneficiary who shall <br />apply such awards, damages and proceeds to the sum secured by this Deed of Trust, with the excess, if any, paid to Trustor. If Trustor receives <br />any notice or nlSer information regarding such actions or prccitedings, Trustor shall give prompt written notice -Ihereof to beneficiary. <br />Beneficiary shall 4 entitled, of its option, to commence, appear :�z a,rd prosecute in its own name any such action or prc,:v, rings and shall be en• <br />filled to make oily comprcnri ; r settlement in connection with any such action or proceedings. <br />9. Remedios Plot Exeius"rre. Beneficiary shall be ontif,'ed to enforce payment and performance of any indebtedness or obligut c ,s secured <br />hereby and to einarcise all rights and pmgisrs.under flit; feed of Trust or under any other agreement executed in connection herewith or any taws <br />now or hereafter n force, notwilhstor&rg :orate or all of ilia such indebtedness and obligolionis secured hereby may now or hereafter be other• <br />wise secured, ►glrriloer by mortgage, deed of trust, pledge, lien, assignment or otherwise. Neither the acceptance of this deed of Trust nor its <br />enfcrcemont'whelher by court action or pursuant to the {rower of sale or other powers herein contained, shall prejudice or in any manner affect <br />Benaficiary's right to remit upon or onforce any other security now or hereafter held by Beneficiary, if !,zing agreed Ihot Beneficiary shall he <br />onlilled to enforce this Deed of Trust and pity outer security now or hereafter held by Bonef .'-ary in such order and manner as it may in its ab. <br />solute discretiost determine. No remedy herein conferred upon or reserved to Beneficiary is intended to be exclusive of" any other remedy herein <br />or by lour provided or permitted, but each shall be cumulative and shall be in addition to every other remedy given hereunder or now or hereafter <br />existing at law or in equity or by statute. Every palter or remedy provided hereunder this Deed of Trust to Beneficiary or to which it may be <br />otherwise entitled, may be exercised, concurrently or independently, from time to time and as often as may be deemed expedient Beneficiary <br />and it may pursue inconsistent remedies. Nothing herein shall be construed as prohibiting Beneficiary from seeking a deficiency judgment against <br />The Itostor to cite extent such action is permitted by law. <br />10. Transfer of Property; Assumption. If all or any part of the property or any interest therein is sold, transferred or conveyed by Trustor <br />without Beneficiary's prior written consent, excluding (a) fire creation of a lien or encumbrance subordinate to Ih!s Deed of Trust, (b) the crew. <br />lion of a purchase money security interest for household appliances, (c) a transfer by devise, descent or by operation of law upon the death of a <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 />Beneficiary's option, declare all fire suns seewcd by this head of Trust to be i'Mmediately due and payable, ar cause the Trustee to fife o notice <br />of default. Beneficiary shall have waived such option to accelerate if, prior to. the so!e, transfer or conveyance, BenefiCury and the person to <br />vlliom the property is to be sold or transferred reach agreement in writing theo fire credit of such person is solisfactory to Beneficiary and flint <br />lire interest payable on the sums secured by this Deed of Trust shall be of surly rate as Beneficiary shall request. <br />w� <br />F!i <br />