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<br /> notlflc�tlon to Trwt�e ond 8�ndficlary.In Ihs�v�nt�ny policy h�reundsr Is not�e��wed on a bsfon flftMn(16)d�ys prlor to
<br /> � its�xplratlon dat�, Trustee or Ban�flalary may procun�uch In�uranae In aacordance with the provislone of P�rapr�ph 7. �.��:�{+���,y;,,,
<br /> • ' ^ '. Trustor shall dellver to 8ensflclary ths oripin�l pollcl�i of Insurancs and ronewale thereof or copt�s of euch policles�nd �,;,-�,;�•�=__-:_.
<br /> � ren�wals tMrsof.Fallure to fumish euch Insuranc� by Truetor,or nnewale �s requl�ed herounder, eh�ll, at the optlon of �'""_"��'"'r?•y:'°`""
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<br /> ` � .. B�n�flal�ry,con�l�ytp,a defualt A�11 un�am�d Pnmlums�n Iwnby aselpnsd to Trsutee�s additlon�f waurlty,and�s�te and ,. , �
<br /> ° - conve ance M t pi op�►af�to conv�y to ths purohner ths Troetor'a Interest in and to all pollalss � ,���•�--=_=
<br />__. y �eflYbytheTrusfeashall � •`��<i��`-'•�'�`
<br /> of Ineurancs upon the Tru�t Prop�rty. '�!��`.�'�''"�'��
<br /> . ' ' � 6.T�KM�nd A�NS�rit�nl�•T►untor ehell pay all taxes�nd�peoipl aeaeeementa levled or aaaesaed apalnst,or due upon,the � =.•- yy
<br /> � .� �''• __ PropeNy bsfor�ddlnquency and wlll dNlver to 8�n�flcl�ry coplaa ot recelpts ahowlnp payment of such taxe� and speolal �
<br /> � , a�e�eemante.
<br /> '" 8.AddltlonN U�n�.T►uetor ahall meke oll psymenta of intereat and principal,and peymenta of any other charpee,fees,and ` �
<br /> , expenees cont�aated to be pald to any exlatlnp Ilen holde�e or prlor beneflcla�les under any prlor Deed of Trust,Mortpape or �
<br /> other securlty apreement,b�toin t!a dete thay are dellnquant ond to pay any other alefm which�eopardlzes tha security
<br /> �
<br /> ' Qf�Med hereln. ��;,: .
<br /> ' �� J.Prot�llon ol d�lkl�ry's S�CwMy.3hould Trustor fail to make any peyment,lafl to do+�ny act as here{n provlded or If �
<br /> �ny action a praeedlnp Is canmencod which moterlally affecta�eneflciary'a Int�.eae In ttxr Property, Includlnp, but not � _ :,_�•
<br /> � ' I�mited to�eminent domain,insolvenCy,arcanpementa or p�xexltrtgs�nrol�be�g a W�fcrupt os ctecedent,then Benefiolary or �'�,,� �:�
<br /> � � T�ustaa,but without obltQation to do so,and wlthout notice to or den►ar�d aPon TnEStor,a"d wi�hout'NQaB�^Q Trustor Irom any � , .•••�
<br /> olbiqatlon Mreunder,may make o�do the eame,and may pay,purchase,contest ar compromise an�r encumbrance,charqe or `
<br /> • .. lien,which in the�udpment v�f eithe�a�ppuars to effect aaid Property;in exe�cislnp any sucA Qower�.the Beneficlery or Trostee
<br /> moy I�cur a Ilablllly and exryend wlh�taver pmounta„Inaludl�p olabursements of reaeonab�e attorney s fees,which In thelr aD� .
<br /> ' solute dlacretion may be necespavy.in the event that Truato►ehall lail to procure Inaurar�ce, fail to pey tazea and speclal
<br /> • aseesemente or lail to ma�c�e a�ey paymenta to exlnitny or prior Ilen holdera or benef Iclarles.the Beneficiary may procure such .
<br /> � ineurance and moke awch;paymente.All aums fncurred orexpended by Beneficlary or Trustee in accordance wlth the provl•
<br /> sions of the Deed of TrW�A a�e secured hereby end,without demand,shell be immedlately due and payabVe by Trustor and ahall
<br /> � ' bear Intereat at the rate pTavlded (or advances under the Loan Aflreampn+t; �r�vided, however, tAat at the oplion of the :
<br /> Benefici�ry or Truste�,such auma moy be added to the princlpol balance uf any indebtedneas secured hereby and shall bear ,
<br /> the aeme interest as such Indebtedness and shall be payabte rar,�b�y over the remai�iog term thereof.
<br /> , � 8.Assiqnn�nt of RWeRa�eneflciary ahall heve the►tyht,power ac�authz�rlty durinQ the continua�ce of adeis Oeed o�T�ust to �
<br /> collect the re�ta, lasu��pn�1 p�oflts of the PropeAy and of any pe►sona0 pTOpeNy located thereon w�l�;h rr without takinp
<br /> • possesaio�of the Propenay A�fected hereby,and Ttustor hereby absolutely ased uncondltlonally assiqns a'. such rents,leauea
<br /> and profits to BeneNclary. Beneticear�,+, however, hereby Qonsents io ii�e Trusior'a coiiac.i�an an� rat�^::�r.o! sstch renln,
<br /> � ieeuos and proflts as they accrue ar.c�become payable so long as Trualor is not,at such time,fn default wlth respect to pay
<br /> � ment of any indebtedneas secured hereby or In the performanc�e o! a�Y aqreement hereunder. Upon any such defeult, , �•,•..:.,
<br /> Beneficlary may et any Nme,efthe►In peraon,by aqent or by a receiver t�'�e avaointed by a couM,without notice and without '�.;::.,c�
<br /> �epard to the adequacy�r any securHy for the Indebtedness he�eby securQZO:(�a;enter upon and take possesaion of the Proper• .;,, i� -
<br /> ty or any part thereot anz2 in Its own neme sue for or otherwfae collect such rents,issues and profNs,Including those paet due -
<br /> • and unpald,and apply the aeme, leas coats and expenses of operatlon and collectfon,includiny reasonable attomey fees, , . ;
<br /> upon any Indebtedneas aecured hereby and In auch order as Beneticlory may determine;(b)paAorm auch acts of repai�or pra �
<br /> tectlon as may be neceseary or proper fo conaerve the value of the Property;(c)leaee the same or any part hereof}or suc�ren• �
<br /> tal term and upon suctr�condltlona as Its�udqment may dlctate.Unless Trustor and Beneticiary ayree otherwise In writlnp,any �,
<br /> appllcation of rents,Issves or profits to any indebtedness secured hereby shall not extend or poatpo�e the due date of the In•
<br /> stallment payments as provlded In the Loan Agreement,and the applicatlon thereol as aforesaid shall not walve or cure any
<br /> default or notice of default hereunder or Invalldate any act done pursuant to such notice.Trustor also assipns to Beneflalary,
<br /> ae fuMher security for the pe�formance of the obllpatlons secured hereby,ell prepald rents and all monies whlch may heve �
<br /> been or may hereafte►t�e deposlted with sald Tru9lor by any lessee of the Property,to secure the payment of any rent,and . ;
<br /> . upon default In the perforamnce of any of the proulslons hereof, Trustor agrees to deliver such rents ancl deposlts to the ���'•
<br /> 8eneflciary.Delivery of wrltten notice ot Beneiflca°y's exerclae of the riqhts g�anted hereln to any tenant occupyinp sald
<br /> ,;�'.�.; premises ahall be sufflclent to requlre seid tenant to pey said rent to the Beneficlery until further notice. ' .
<br /> �°:�� 9.Cond��nn�tbn.If tftle to any part of fhe Property shall be teken In condemnation proceedings,by rfght of eminent domain
<br /> ' � or simllar actlon,or shall be sold under threat of condemnaUon,all awards,damages and proceeds are hereby assigned and ,
<br /> ehall be pald to Beneflclary who shell epply auch award,da�nages and proceeds to the sume secured by the Deed of Trust, •
<br /> ��`• ' wHh the exCess,If ar.y,pald to the Truator.
<br /> � . 10.Futun Advanco�.The Loen Agreement proviUos for adaances trorrR 7:!•^e to time to Trustor by Ba�+eticiary as provided
<br />- � '��' � therein.Ir ad�ditlon.upon request o°Trustor,Beneilciary�AR B�enefl�lary's o�tion,prlor to reconveyance of the P�oRe�tly to the ,
<br /> i'. '''' Truator,may rneke addiUonal tutuve advances tn ths Trusror 5cch future advances,with i�lerest thereon.shall be secured by
<br /> �`'� �� ' this Oeed al Trust when evidenced by pramissory notea atating that sald noles are secu�ed hereby:�ro��ded that at no time
<br /> shall the secured princlpal and futwe advances.no•i mCluding sums advancea!o�*o'ect tne secvrity.exceed one hundred per-
<br /> � cent(100%)ot the onginal principaf amounis aecu�ed hereby.
<br /> 11. Rann�din Cumul�tiv�. All remedres provided in thls Deed ot Trust are distlncl a�d cunnu�ac�a to any other right or
<br /> � � remedy u�^F+•Ihls Oeed of Trust or a�4ovded by law o�equlty,a�o may be exercised concurr�ncoy.Independently or successive-
<br />_ � �Y
<br /> � 12.Accetavatlo+e:Wem�dbs;5�1�.A defaul! s�a pxlst in the event of:
<br /> �� �A' Ae�y 4�auC or m�5���r�e9entatlon by the Trus��a• �� Connection with the Ilne of credlt whlch th�5 61eed of Trust secures;
<br /> q6� A�y R.a�iu re on the part ot the T�n�s��►tc r+•�ee�t:Re repayrRent terms In respect to the Loan Agreement and any other ad-
<br /> va�^��e3 onder thls Deed ot Trs��r nP•e�� gR�wrpd:and.
<br /> (C) Any aCtlon by the Trustor pro�iC+r,�e��r ^�^�e�:m^^�s of the loan Agreement or this Deed of Trust or any faflure of the Trustor
<br /> _....., e�s..e e.,e.�.,o.QO o�_
<br /> to aCt as requiretl by the Loan Agr�BOmer.r,�• ��'S U@BO o�irusi.et�cn ui wi�ii,i�iiii5ivi�o�c..i oy:��..••.-•--••--•-�-- -
<br /> fect on the Bertef�ciary's securlty for the I•^e:'credit establfshed and the Nghts of the Beneficiary �n such securlty.
<br /> and upon lhe heppening of any such avent of def�ult.Be�ef�ciary may deClare all sums seCUred hereby immediately due and
<br /> peyable by dellvery iG Trustee ot wntten declaratfon of default The Trustee shall have the powe►of sate of the Propertv.and N
<br /> � Beneficoary ctes�res tno property to be sold. it sha�i deDOS�t w�tn Trustee this Oeed of trust and all prom�ssory nates and
<br /> documents ev�Qene�nq •c•Ypend�tures secure�n��eby and snau dei�ver t�Trustee a wr�tten not�ce of default and elect�on to
<br /> , cause tne Prn�enM t+o�:•�4old.and the Trustee�n turn snail prepare a nohca in the lorm reqwred by�aw.wh�cn shall be duly fil•
<br /> � e4 t��r rnCOrd by Tcugtee.
<br /> (A) A1tar tne 18pse of such t��re as may Ge requ�red by law�ollow�ng the recordatlon ol Sald not�ce ot delault, and not�ce of
<br /> defauit and notice ot sale having been grven as requlred by�aw.Trustee.without demand on Trustor.shali se1l Ihe Prope�-
<br /> ty on the date and at the tlme and place desfgnated In seid not�ce of sale.al pubilc auct�on to the n�gnest b�dtler the pur•
<br /> chase price payable In lawful money ot the United States at the tlme ol sa�e 7he person conduct�ng tne sale may.�or anY
<br /> cause ho deems expedie�t,pOStpone the sale Irom tfine to l�me unt�l�t shall be completed and.�n every such case.not�ce
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