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<br /> ° ° ���� � � , 107356
<br /> ��. -. . - ,�� 90--
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<br /> \ � � �� ���„.. markatebility or rentability of the Property, or any part thareof =�=:---.
<br /> ° or inCerest therein, increase th� income therefrom ar protect the
<br /> �:� � ��•.�, seouri�y hareof and, with or without taki.ng posse�asion of the =_ _�-�_—
<br /> � ,. . :. sa Proparty, sue for or otherwise aollect the rents, iasuee� and �
<br /> profits thereof, includirtq thoae past due and unpaid, and apply ��'°��-
<br /> � �' � the same, less costs and expsnsea of o�aeration and collea�ion,
<br /> -��'`� � including attorneys� fees, upon any indebCedness secured hereby, ��;=»_��m�
<br /> �.� � � �� �-- all in suah order as L.ender may determine. The entering upon and F����:_
<br /> • .�� takinq posseseion of the Property, the collection of such rents, �-.��-------- ----
<br /> � issues and profits and the appiication thereof as aforesaid, __
<br /> shall not cure or waive any default or notice of default �-_-�,;,,��:�:;;
<br /> � hereunder or invalidate any aat done in response to such default � ,��. :
<br /> or pursuant to suah notiae of default and, notwithstanding the �'•---`- v_ ----
<br /> , ��;�:°.�,��r� contfnuance in posaession of the Property or the aolleation, ���.�.
<br /> �°•�°'•;� recQ3pt and application cE rente, i�sues or profits, and Truste� �,���;;�L=�,:l..
<br /> and Let�der shall be entitled to exeraise every right provided for �,:-.:,-;.i:�:
<br /> � � -�� • in any of the Loan Instruments or by law upon occurrence of any � ` ., =
<br /> � '� Event of Default, including, without limitation, the right to F ��;,�
<br /> � exercise the power of sale. Further, Lender°s rights and ; -�,��_
<br /> �'���'�',"'`"'"��,��' remedies under this paragraph 9 shall be cumulatfve with, and in � �__
<br /> ' � no way a limitation on, Lender's riqhts and remedies under any : .;.. k,�:.�- �
<br /> „ �• Assignment of Leases and Rents recorded against the Property• ,��`_�t.'., -_ _
<br /> ��'�;r,. Lender, Trustee and the receiver shall be liable to acccunt only �� ���
<br /> ' `� ' `� for those rents actually received. � a:rr'.�:
<br /> ,,.:;�. . � ., . . ...
<br /> .,,�.,;, .......�_
<br /> � � ��"`�,�5"�.•�•��� ''``�' 10, Events of Default. The following shall constitute an .. = �
<br /> '�5,:.:"�f�� .�, �. � - ' ., --
<br /> - •••..L�_t.�'..�_
<br /> ;:`�`»..,`� .. :« Ewent of t�fault under th s Deect oi i�rust: � --
<br /> �-;
<br /> . � - .
<br /> .. � •� , (a) Faalure to pay any installment �ff' �rincipal or
<br /> interest or any other sum secured hereby kCn�en due, or � '
<br /> � � ; � failure to pay when due any athQr indebtedness of Borrower 1'� , ;�r,�
<br /> to Lender; f'��� �� _
<br /> � ' (b) A breach of or default under any p�ovision � �
<br /> �, , �,, contained in the Note, this Deed of Trust, any of the Loan ,
<br /> � ;i ��. •��� Instruments, or any other encumbrance upon the Property, : .
<br /> u�t�r givinq effect to any applicable cure period contained . �•. r
<br /> . � ., ''I::t•. therein; :� , ,.
<br /> . ,,,. �''�
<br /> �;�....;,:;..��. r� .
<br /> `r,.� � �„�„�_.: ;.• (c) i� writ of execution or attachment �os any similar
<br /> ' process st►all be entered against Borrower w�ich shall become
<br /> a lien on the Propea-+t.y or any portaon thereof or interest ;�
<br /> ,,. ,
<br /> therein; �
<br /> _ ;�� (d) Ttc�re shall be filec3 by or aqainst Borrower an ;
<br /> �,;r,,;,�; . ' ° � acti�n uncDer any present os �uture federal, state or othes ,�, .
<br /> s�atute, law or regulation relatAng to bankruptcy, �
<br /> �,,�, � ir�salvency or other relief or debt�rs; or there ehall be %
<br /> � ' �;i.�,;,Y, appointed a�:y trustee, receiver or liquidator of Borrower or
<br /> r �!'�• of all or any part of the Prap�rty, or the rents, fssues or :
<br /> ,�•�•,��;,t..
<br /> profits thereof, or Borrower shall make any general ''�� .,�`•,'
<br /> • ' assignment for the benefit of creditors;
<br /> ';:�'`:;f` � (e) The sale, transfer, assignment, conveyance or •
<br /> ,;;;:. ; further encumbrance of alZ crr any part of or any interest in <<`�
<br /> , � the Property, either volur��arily or involuntarily, withou� , �; .
<br /> } tQa� express written consern� of L.ender.
<br /> � 1 11. Remedies; Acceleration Upon. Default. In the event of
<br /> � � any Event of Default, Lender may, without notice, except as
<br /> . . _. _ _„ s_a..u.r..a....�r. Qo.-.�roA horPk�v to be
<br /> : -. ___ requ�iCii it�y ia�i, uCa.aaic oaa .....�,,,..�............. ..... ..___ _--- -
<br /> � due and payable and t�he same shall thereupon�became due and
<br /> payable wfthout any presentmen�, demand, protest or notice of any
<br /> � � kind. Thereafter, Lender may:
<br /> �
<br />
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