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9 IOG'723 ,
<br />r113t0/ RhAti have 90 permitted or suffored, voluntarily or involuntarily, any creditor to obtain a lien not J
<br />itere'n upon all or part of such properly; Trustor or any guarantor Of the indebtedness secured hereby shall
<br />insolvent o1 admit in writing its inability to pay its debts as they Mature. or make an assignment for the benefit of I
<br />or apply for or consenttothe appointmeniola recelver or trusteefor it of (or a substantial part Of such property, or
<br />-`a receiver or trustee shalt be appointed and shalt hat be discharged within thirty (30) days ate, appointment; or
<br />( e ) A writ of execution or attachment or any similar process shalt be issued or levied against all or any part of or interest '
<br />such property, or any judgment involving monetary damages shall be entered against Truster which shall become a lien _
<br />ecution, attachment or similar processor judgment is not
<br />such property or portion thereolor interesttherein and such ex
<br />banded, satisfied, vacated or stayed within sixty (fit?) days after its entry or levy; or
<br />(1) Bankruptcy, insolvency. reorganization, arrangement or liquidation proceedings or other proceedings for relief
<br />any bankruptcy law or other law for the relief of debtors shall be institued by or against Trustor or any Guarantor
<br />and if instituted against such party shall be consented to or shall not be dismissed within sixty( 60 ) days after such
<br />-_ `ution_ or i
<br />( g) Trustor or any successor In interest of Trustor. voluntarily or involuribitily should sell, exact, convey. transfer,
<br />.. actt to sell, tease with option to purchase, sublease, dispose of, change the character or use of, or further encumber
<br />h property, or any partthereof, or any interesttherein, or ltany said parties shall bedivested of tiflatosuch foal property
<br />.'any part thereof, or any interest either voluntarily or involuntarily, or if title to such property be subjected to any lien
<br />�?es voluntarily or involuntarily. contractual or statutory, without the written consent of Beneficiary being first had
<br />( h ) ItTrustor is a partnershipand the interest of a general partner terminates. is assigned or transferred, or IsdimInIshed
<br />any respect, or if Trustor is a corporation and a majority olthe voting corporate stock is transferred, sold or assigned, or if
<br />-- Trustor is a Trustee of a trust and there is a change of any of the Beneficial interest of the trust: or
<br />( i ) Trusrar shall, xdithout the consent of Beneficiary, create or consenteo the establishment of a district which has taxing
<br />ACCELERATION UPON DEFAULT, ADDITIONAL REMEDIES: In the event of any default hereunder. Beneficiary may, at
<br />option,:
<br />( a ) Terminate additional advances, if any, to be made under or pursuant to the pp(7missory Note or any building loan
<br />or
<br />( b) Declare any suir secured hereby immediately due and payable ar(1 the same shall thereupon become due and
<br />payable without any, presentment, demand, prctr -st or notice of any kind.,,cr,
<br />I c 1 At any time, with or without notice, either in person, by agent, or by receiver to be appointed by the Court without
<br />regard to the adequacy of any security for the indebtedness secured 'hereby, airier upon and tales possession =!such -
<br />property or any partthereof, make, cancel, enforce or modify leases; obtain and ejecttenants, set or modify rents; in its own
<br />name sue or otherwise collect the rents, income, issues and prof, ita thereof, including those past due and unpaid; and apply
<br />the same, less costs and expenses of operation. including reasonable attorney's fees, upon any irdebtedness secured
<br />hereby and in such order as Bene iciary may determine; and except for such application. Beneficiary shall not be liable to ,
<br />any pe=n for the collection or noncd I ectton of any rents, income, issues or profits forth a rmfure to assert or enforce any oQ
<br />thefore;rn,ng rights, nor shall Bene�fi ,jcawry by charged with a.r. of the duties and obligc,�• lnj-rs of a+ �rortgagee in ipossmi.art.
<br />The entering upon and taking possession of such property-,1-re collection of such rents, inc-orne, i,ssauesor profits. th. a loin
<br />of other acts herein authorized, and the appflr,- '.art theree, as aforesaid, shall not cure or waive ",default or notice of,
<br />defauiltt ttiereunder or invalidate any act dome purauarttc: such notice; or
<br />( d )• Cause to bef iled on record, a written nSJl=as w;�f dera0t and election to sell such property. After the lapse c '9 such time
<br />as thou may be req fired by law following revao dat.orr ofr'sjch notice of default, and notice of sale having bees given as
<br />required by law, 7�n� � withoutdemand on onaVor, sl -hai i sell such property, either as a whole or in s Grate parcels, and in
<br />such ordevasitor Beneficiary may determirteagp�;bfic auction to the highest bidder. The Trustee mey postponethesaleof
<br />all or ar`i pbrti:orr of such prop by public announcement at the time of sale, and from timer time thereafter, may
<br />postpone the sate by public annen;ancement at the time and place fixed by the preceeding postponement trustee shall
<br />deliverto such purchaser its deed conveying the property so sold, without any covenant or warranty, express or implied.
<br />The recital in such deed of any matters of factor otherwise shall be conclusive proof of the truth1U.1rressthereof. Arty person.
<br />including Trustor. Trustee or Beneficiary, ema�-purchase at said sale_ Trustee may also sell at fry s och saiearn4 as a part
<br />thereof, any shares of corporate stock secunrg the obligation secured: hereby, and Trustor wtahses derrrartdan. 4 notice of
<br />such sate. (Beneficiary at its eptart may also foreclose on.$uch shares, by independent pledge sale, and '1 vuvar waives
<br />dema rd of notice of such safes; after deducting all costs. Ises and exrerses of Trustee, and of this trust, incluud)'.Ts cast of
<br />evide,,nce of title in connection aciCll such sale, Trustee welt first appq I to proceeds of sale to the payment'., of.aPl suns
<br />experrcded under tl7.e terms hereaf? not then repaid, with accrued interest at the rate then payable under the note or notes
<br />secu: ed ttren to payment of all other sums secured hereby,.ard if thereafter there be arty proceeds remaining,
<br />distriltiys,a Gtiarr to Me person or rsersons legally entitled thereto.
<br />if t iniis Dead of Trust or any note secured hereby provides for any charge for prepayment of any indebtedness secured
<br />hereby, Trustor agrees to pay said charge, rf any of said indebtedness shall be paid prior to the 1-H- 3turity date thereof stated
<br />in said note or this Deed of Trust, even rf and notwithstanding Trustor shall have defaulted In payment thereof, or in
<br />perferrnance erany agreement hereunder, and Beneficiary by reason thereof, shall have declared aJl •sums secured hereby
<br />immediately due and payable.
<br />SCHEDULE OF LEASES: Within ten( 10 ) days after demand. Truster shall furnish to Trustee or Beneficiary a schedule,
<br />certified by Trustor, setting forth all leases of such property, including, in each case, the name of the tenants or occupants, a
<br />description of the space occupied by such tenant and occupant, the rental payable for such space and such other
<br />information and documents with respect to such leases and tenancies as the Trustee or Beneficiary may request
<br />COVENANTS OF TRUSTOR WITH RESPECT TO LEASES: Without the prior written consent of Trustee or Beneficiary,
<br />Trustor shall not, directly or indirectly, with respect to any lease of space in such property, whether such lease is not or
<br />hereafter in existence.( a ) accept or permit any prepayment, discount or advance payment of rent thereunder ( b ) cancel
<br />or terminate the same, or accept any cancellation, termination or surrender thereof, or permit any event to occur which
<br />would enfitlethe lessee thereunderto terminate or cancel the same :( c )amend or modify the same so as to reduce the term
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