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<br /> � T b�'�'�f IT 18 MUTUALLY A(iFiEED THAT: _
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<br /> y UTIGATION:T►ustor1ha�Id�1�nd1hisTrustinany�cdonorproceadinppurportlnptoaflect�uchprop�riy,whMharornot
<br /> •�`,':� �, p:�� •' it aH�at�th�s�curity Mr�of.or purpo�iln�to afl�ct the rf�hts or powen ot B�neflciary o1 Tru�t�s,an d�h a l l N I�an d
<br /> '�' ' � � prosscuts�II n�ces�ary cl�ims�nd aAtlon�to pshr�nt or racover for any damaps to or dat�ucUon of uuch prop�rty,and �;ry_�y___�__�_
<br /> � , �,, • . � �ith�r T�usla or B�n�Aciary is h�toby authoritsd,wlthoutobtiqMion so to do,to commence,appe�r in or detsnd any such �;Y.�:..--_--�__
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<br /> actlon,whetherbrouphtbyora�ainstTru�lor.Bsnelici�ryorTrusteearwlthawithoutsult,toexercisao►enforce�nyother ___
<br /> � ►i�ht,remedy crpowsr avail�blo or conterred he�aunder,whetheror not�ud�mant beentered in eny�cNon or proceedinp; � ________.______
<br /> and TruetQror Bsnafici�ry may�ppMr or fntervene in a�y action or procsedlnp,and retaln counsel theroin;and take wch _�_ �___
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<br /> � octlon thsraln.ae eilhermay be advised and mny settle,compromise or pay tha ssme or eny other clalms and,in that bahall .�-:�.::::-.
<br /> � . andloranyofseidpurpo�e�,mayexpenda�dadvancesuchsumsolmoneyaseftharmaydeemneceasary.Whetherornot � _�}�`��i�,,_
<br /> T�ustor sp appears or d�fenda,Trustor o�demand shell pay atl coab and expenses of Benellciary and Truttee,Includinp , :�_����;.,:-__
<br /> co�t at,�ri�nca of title�nd attarney's feea in a►eaaonabla aum,in a�y such actlon or proceedinp in which Qeneficiary or �� - -
<br /> Teustee n�r a�PPeer by virtue oi beinq made a paAy defendent or otherwise and inespeciive ot whether the intereat o1
<br /> � genefiioiaryor Trustee in such propert�r�sdi�ctE�Questioned by such actta►.irtcluding but not Iimited to,anyecNon iorthe
<br /> . foreclosu�re ot,o� sele p�oceedings undier, ar►��secondary lien on such�Rr�Y.c��mnedon or pe�ition of such � � ,,,,,,.� a;,..
<br /> ;. P►aperh►.�nd any auit b�oupht by Benefeck�b Mnciose thjs Oeeci of Tn�at '�,��a�n,,�".�.;-c
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<br /> CONpEMkATION:All sums dua.psid or ppyabls to T�ustor,or en�auCCessa in interest of Truator,whether b�wa�01 : �'�'�
<br /> � � judpment�ettlement or otherv�rise.(e 11or i�jury or deun�pe to Such properry.or(b)in cannection vrtlh any co�demna4ai �r r�.: ,��,
<br /> � � for public usa or i njury to auch property o�eny pa�t thereof,or(c)in connection wrth the hansactic�financed by the ban � .,�r.��,)
<br /> � � ' secured he►aby o�(d)erisin�out pf atl causea o f ac t ion,w he t h e r a e c r u i n g b e f o e a o r a R a t h e dete ot Mia Deed at Trus�, �-�•Q�•' - .�
<br /> " � • :
<br /> � � sounding in Rort or cont�act, inciuding causes ot action for haud or concealmeM ot a mater�al fact together with the ., . _-
<br /> ;�:;.��,. , � ,.;,; seftlements,proceeds,awardsanddamages,directandconsequea�t�a�,inconnectfontherew(thareherebyabsolut+elyand .�.,���° �-.���;;
<br />•�;:;; i • �� � irrevocablyassl9ned end shall be paid to Benefici�ry.Beneflciary aP�all be endtted,at its optian,to commence,intervene in, ��-�=
<br /> ° appear in and prosecute in ita own name,nny actfon or proceeding, or to moke any compromise or settlement, in �: • a_
<br /> " connection with any such taking o�damege.Trustor agrees to execute such fuKher aesiynmems of any compensatlon, ,�;,:�..
<br /> �� award.dwma�es.riphta of action and p�oceeds as B ene t ic iary may requ fre. �.'�r,. ;: '' �.,. _
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<br /> All amounts received by Beneffciery pursuant to this Deed of Trust under eny fire or other insurence policy,In con�ection �,.. �'.:}���;...,_.ti .
<br /> wilhenycandemneNontorpublicuseoforin�urytoauchproperty,forinjuryordamagetosuchherebyaretobeappliedat .:� • •���,�• •
<br /> • the optlon at Beneticiary upon any indebtedness secu�ed hereby.The applicatfo�,use or releaseof such emount shell not :;,,, ,
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<br /> cure or walve any defeult or notice ot defeult hereunder or imelid8te any ect done puraueM to such�oNce. , .., : � • I�,��3`
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<br /> ;;.. '•.`; � CON3ENT,PARTIAL RECONVEYANCE,ETC.:Trustee may,at a��y time,or from time to ti�ne,wfthout Nabllity therefore, �'',:-;; �`;�+�
<br /> • ��`i;,';'; and withoW notice,upon written requost ot Beneficiary,and without affecting the personal Ilabillry of any peraon tor • r�.,, � .
<br /> peyment otlhe indebtedness secur e d here by,or t he I fen o f t h is D e e d o 1 T r u s t u p o n t h e r e m a l n d e r o f s u c h p r o p e r ry f o►t h e ,.,
<br /> .�� full amountof the indebtedness then or thereatter,secured hereby,or the rtghts or powers of tbe 8enefiafaryor the 7rustee •. , � .
<br /> wit h reape c t to t he r e m e i�d e r o f s u c h p r o p e r ry.(a 1 r e c o n v e y a n y p a�t o f s u c h p r o p e r t y,(b)c o n sent to the makfn�of an y •� �
<br /> � � map or plat thereof,(c)join in grenting any easement thereon,or(d)join in eny extenaion agreement or any a�reemeot i
<br /> subordlnaUny the Ilen or charye hereof. " �
<br /> • • FULL RECONVEYANCE:That,upon wriRen request of 8eneffcfery statfng that all sums secured hereby have been paid � • •
<br /> • and all obllgetlons secured hereby have been satisfactorily performed,Trustee shall reconvey, without wananty,the '
<br /> • � property then held hereunder.The recitels in such reconveyance of any matters ot fact shall be concluslve proof of the � ,
<br /> • '� truthfulnesa thareof. The grantee in auch reconveyance may�e designated as"1he person or perso�s legally enritled i• .'
<br /> ,'' '� • ��j� ";; ihereto". Such requsata and reconveyance shall operata as a reassiflnment of th�rents, income, issues and p�olita ,
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<br /> , � ., hereinbefae assiqned to the 8eneticiary. f� � .
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<br /> '�'•' ' HIC3HT TO COLLECT AND RECEIVE RENTS AND PROFITS�Notwithstandi�g any other provlsions hereof.Beneflciary j •
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<br /> , • '�;:;:,., hereby��ants permisslon to Trusto�to collect and�etain the ranls,income,issues and profits of such property es t ey
<br /> - �:��•' become due and payeble,but reserves the rlght to revoke such r�ermission at any lime,wi�h�r wlthout cause.by notice in
<br /> ... • wrlUng to Truator, malled to Trus4or at his last k�own adc�r�ess. In any event, such �cmisaion to Trustor ahall be
<br /> automaticelly revoked upon default hereunder by T�ustor. ;
<br /> • ••'•� FINANCIALINFOFtMAT10N:T�us'.o�w+ll provideto Benefi�iAn�,wlthin 90 days o11he clos�of each tiscal year of Trustor,a
<br /> •��'.���� consoNdated balance sheet and�u.ar,�*nEnt ol eArnings of Tr�star a�d a�y and all guarantvrs ot the obligatioRS s�ecured
<br /> �'�''�'`�"•� hereby and will provide and delrver to 8eneficlary such other firtancial information and�n au�ch manner as Ben�fl�r�r�r maY
<br /> . .a���;�P�� �
<br /> ,� . dlrect Irom time to t�me.
<br /> `•:�i`? FINAt�9CIP►l COVENAtV�F.Trustor shall comply with and shall cause ar�H a�d all guaranto�s of!he obhgat�ort secured �
<br /> • ���', herebytoca�n^pfYwith,orbefncomplia�►cewith,thefollowinglinancialcav�caants:(Thisparagraphshaltbenon-app���cable
<br /> '��� ��','•• if covenanl�and requirements are�cn':9�C�ed In belowJ
<br /> .. ,;��.
<br /> EVEI+iTS OF DEFAULT:Any ot live following eventa st�all be deemed an event of detauit hereu�der.
<br /> (a►DelBUlt shall be made m the payment otany installment ot principal or interestor any other sum secured hereby when
<br /> due:or
<br /> (b)Trustor should bre8ch or otherwise be�n defaull under any term,covenant, agreement, condition,or prows�on
<br /> contained herein or m any buildin�loan ayreement or in any other ayreement secured hereby:or
<br /> (c 1 Any repres9ntatwn or covenant made herein,in any building loan agreemen�or�n any other agreement SeCUred
<br /> hereby or�wen in conn�ction he�ewith or any mdebtedness seCUred hereby should be false or misleading;or
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