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<br /> by owner's and oparetors ot aimilar proparties�nd es Banetiaiary may require 4ar its protection. Trustar wlll comply
<br /> with such a4her requiramenta as Bsnsficlary mey from tir+ne 4o ttma request for the proLection by i�surance of the
<br /> interest of t8te respsative p�rties• AU insurance R�licie�maintatnsd�rsuant to this Qasd of TrusY shall name Trustor
<br /> ` an�Benefictary as insured, as thetr respactive Ir�terest may appear and provide that 4here shal!tre na cancetFaEion or -
<br /> mcditicattore witirtout fifteen {��)daya prior wrftt�r+notiflc�ti�n Yo Yrustea artd Benefi�ciary. IN the event any potiay �
<br /> - hsraunder is not ronev+reo on ar bafore�ifitesn ttf�days pfia�to its e;��iratio�►date,TtiiS=@3 OT Safi'o`�CI.:ry mey�socesre
<br /> ' such tnsurance in eccordanco with the provisions of Paragreph 7. Ttustor shall daliver to Berteficiary the original
<br /> , �:, ,,_.�- palictos of inaurance ar►d ronev�afs t�ereof or calatos e9 such paliciss and renewals thereof. Fnilure to furnish such
<br /> . �,«; insurartce by Trustor,ar renewals aa required hereundgr,ahatl,st itia optean of Ssneficiary, constitute a default. All
<br /> • �• ! unearned premiums are hereby asstgned to Yrus4ee es additIona!sacurtty, and a sala and conveyance oi the Property
<br /> � by the Trustee sha11 o�arate to convey to t92e p�rct�aser the Trustor's interest in and to a(I potictes of insuranae uRon
<br /> ' the Trust Property. ��_-.
<br /> ; S. Tesss and Asseas�ents. Trust�r sha8 pay aD taxes and speaiai assessments tevied or assessed against, or �,
<br /> � due upon,the PropertY befo►e delinquency end�avill G�liver to Bsnefictary capies ot receiAts shnwing paymant of such
<br /> � . { tanes and�pecfal assessrteonts. �
<br /> � ` 8. AdditIanat Ltena. Trustar shail make all p�Yments of interest and principai,artd payments of any other charges, _
<br /> . . ' � ;� � feas,artd exRenses conVacted to bs p31d to arn/exis4ing lien holders or prior beneficiaries under any prior Daed of
<br /> • Yrust.Mortgage or other seaurity ageeemen!,@efiore the date they are delinquent and to pay any other claim which
<br />. = jeopardizes the security granted herein.
<br /> ' 7, protaction ot Ba�afcdary's Securd�y �E:ould Trustar fail to mak�2r!Y payment,fai!to da any act as hereln
<br /> -,� � �trmvide�or if any aetian�cr�z�ceedi�a�is camrr.�r�cc-d which materia{ly a�t'�:!.:�8snsfc��r's Int�res¢in the Property,
<br /> •;_y ` irtciud'n (arrt �o limite� t�. emir.c-m:�icmain. ':s�lvency, �•r.r�regsmeMS ::r �roxc�ii.r.rt� in�a;v��� a bantcci±pt or
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<br /> r , dps�den3,tI:�as�,=an�F�i_�re�cr Yrus[ea.::ui withac.���:=g�.en t��`.r so,ar����';aut r�ti�r�or dem�.,.z��.3san'i'n;.�:��.
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<br />:s;:�:,.. ..:' . °.r`•• ` zr� �viiha��:���ng rr:�s:�r from any obltgat�rt h�c3:���e -^-.sy m�se�c�a tha s�.:.... and ��.s ur..�axr+� ,_,=
<br /> �`:::,�': , � cantast ar �_,�.�ac���:�'��r,�encumtorance. cha7ba��f`��s, e.��::�ti in tPt_ ��.��g�ment af either ap�e�zs�s�.����:d �
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<br /> , :�� Praparty:t:�ex��--:�?�s`.'•'=`sah�SOwers.ths Bene����y or T��c��may inruT�liability and exRea�d ti�c��.�v�t anea�:��, yf:
<br /> i, � inctudirtg�°s�rss�:rc=e:-��`reasonabia attorney's fa2s,wt�tch�n thefir a�sa:s�.e discretion may !�a R�cessary. in the
<br /> '� �,��;.,y�� �'• ��rarit that Trustor sS�=�: :s:l to pre�;e insur�^.c:e,fail to pey taxes and �actal assessmems as fail to make any __
<br /> �"�����"1�''•'�`':"f���� . �ymerrts to exist(ng er;p,�:�.s t��e F�:a'.�-�c��e�2�ra.aries,the Bsne'ficiary may proaure such insurar�and make such
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<br /> �-�::"'�.° `°`'y�;�'{' payments. Atl sums inaac-a.^�or e�s���ad by B�srF�iary or Trustee in accordance vs►ith the provistons of the Dees1 of
<br /> � '�''��� Trust are secured hereby and,witho�rt dsmartd,shalf I�e immediatefy due and payable by Ttustor and shatt besr intarest
<br /> � at tha rate provided for advartces ue:dsr ths Loan Agreement;provided,hawevee,that at ihe optian of the 8eneficiary
<br /> � or Trustee,such sums may be added to thi3 prirseipal batance of any indebtedness seeured hereby and ehatl bear tha
<br /> � same intere,,^t es such indebte�ness and shall be D3yable tatably over tha remaining term thereof. _
<br /> ' • 8. Asstpnm�nt of i��nU. Beneficiery shall have the right,power an�eathority during t�e continuancs of thi�Qesd
<br /> ' of Truat to collect the rente,issues and pro�its of tha Propnrty and of arty parsonal prcparty located thereon vu(th or
<br /> wfthont takhrg posseasion of the Property aHactcd htreby,end Trustor h�rehy absolutety end u�tcondittonniiy esalgns
<br /> :�� atl auch rent9,issue3 and protitt►to BennfIciary. Bertetiaiary,hQwever,horeby consesnts to the Truator's cotlnstlon nnd
<br /> � � re2entton of such rente,issues and profita as they eccrue and become peYable so lon8 as Truator ia rcot,at ouch ttma,
<br /> � � in dafault with respact to paymsnt of any irtdebtedrtess seaured hereby or In the perfarmamaa of any egreement
<br /> •:,;� hereunder. U�on any such defeuit, 8ana�tcinry mey at arry tinze, eithar in person, by eg�n4 ot by e reseiver ta be
<br /> -�= appointe�by a caurt.N►ithout�sotico and withoLt regatd to the adaquscy of any ssc�r3t�r for Yhe indebiedneas hereby
<br /> r�:x.r;.�.`= secured: (a) enter upon and tako possess�on of the Propariy or any part thereof er.� in its own name sue for or
<br /> `-_--'-``�'r othemise cotlact suct►rents,isaues and profit�,Inctudlrtg tho3e past dtae and unpaid,an apply the same, less costs
<br /> .,;��.. and e�cpenses ot oaerati¢r,artd collection,induding reasflnable atiornoy fess,upan any indebtedness securod hereby
<br /> and in such order�s$er��zfciary may determine: (D)perform such acis og re�pair or protectian ea may be necessa�ql or
<br /> °- proper to cor�arve the v�:ue of the Property:lc)lease 4he sarrte or any part hereof fior such rental term end u�on�uch
<br /> conditions e��s ju�Sg;rts*et may dictate. Untess Trustor and��ficiary agree othernvise in wr'rting,any appliearian ot
<br /> v��, ;'� rents,issues or profitsta any indebt�dness seaased hereby sh=^9�ot exte�d or postaonethe due date of the installment
<br /> �"`�.�7��' ,• p a y m e n t s e s provide�c�the Loan Agreemen�., �zd tPie applicario�th�:�eaf as aforesaid shall aot waive or cure any
<br /> �'��-.a��..•':..;. � dofault or noitce of de`�vlt hereunder or invalidaie any ect done purs:�a�3 to suc h n o t i c e. T r u a t o r a ls a a s s i g n s t o
<br /> - - • •.:;f!i1�s`•�.' Beneficiary,as turther security for tt�o performance of the obligations seaured hareby,all prepai�rents and a!I monies _
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<br /> ,_ . ,5 vlhich may ha�e taESn ar may Ptercafter be dopasited with said Trustor by any lessee of the Proparty,to secure the
<br /> � � payment of any rent,c�.c�v�on default in the Rerformanco of any of the provi3ions hereot,Trustor agreas Yo deiiver =
<br /> � , such rents and deIIa�:�'t�tt�e Bsnsficiary. Delivery of written rtotice m��anafieiary's exercise of the rights granted
<br /> . � ,� hatoin to anV tonant cv:.upying sald pramisos shal! be sufficient to roqu3ro said tenant to pay said rorot to the
<br /> , � ' Bonsftciary uc,ti!fuRher nottce.
<br /> � ! 9. Condemnatton. if title to a��:y part of the Proparty+shall be takan ir�condemnation proceedings, by rigt�t of
<br /> � eminant domain or slmilar actton, or shall bo sald urtder throat of condemrtation,aii ewarda,damages and ptoceeds
<br /> � � � are hareby essigned and shall bs pald to Benef�ciary who s4�ai1 appfy such eviard,damages and proceeda to the sums
<br /> ' seaured by the Deed of Trust,with the exce�s,if any,paid to ths Trustor.
<br /> � � � 10. Future Aalvanc�s. TRa Loan Agreoment provides for edvances from tlmo to time to Trustor by Beneflciary
<br /> � as provided therein. In addition,upan request of Truator,Beneficiary, at Baneficiary's option,prior to reconveyance
<br /> • of the PropertY to the Trustor,may make additianal future advancas to the Yrustor. Such tuture advances, with
<br /> . ' I interest Yherean,sha0 be secured by this Oeed of T�ust whan evidenced by promissory nates statirtg thFrt s�id nates
<br /> • j ate seauved hereby;provided that at no time shal! tha socured prtncipal and future advances, rtot inclutDing sums
<br /> � advartc¢d rn protect the sscurity, exceed one hundred porcen4 (10a°.5) of the or ig ina l pr inc ipa l amou n t� s e c u r e d
<br /> herE�s;�. �
<br /> ,s,;��{.. . � y.�, �fi��i������c�Q.. h:11 remedie3 provlded in tFls Desd of Trust are dis�c!�cE artd�umulative tu any oti�er
<br /> �ight or remedy urtdau �+i:s 1]ar�d ,f Tr��c c�� a`.ford� Is,� lav� or c��itY, 2ttd �:^.�,v C3 exc�rc;aed concurrentiy,
<br /> �: � , indepenrlerrtly or successiveSy. � � �� � 1
<br /> � ''��'+�' 12. A:csleration; Rsme�;�a; ��4e. A defauSt sh�i)cxiar i��the event of:
<br /> � ;,a^:'� �A) ESnV s°aud or misroprossntat:an by the Trustor in caan�t:tion �v"rth th� Iine vf r.r�SiY which this Decd r,f Trust
<br /> secures;
<br /> 40&2
<br /> -- . ' 9/94
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