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<br /> �. ., ._� (d)T►LS��p 1 havo pracurod,permltfed or�uHe�ed, voluntarily o�Involunlarfly,any croditor la obt�fn a Ilen not �
<br /> f wch ro • Trua1or or an u�rontor of Ihs fndsbt�dnsss securod hanby shall �' -__.l-,'`�' ����_
<br /> pertnilted h8r8fn�{�n all or paR o p pehy, Y 9 ���:
<br /> • " ' become ineolvent of admit In w�itinp its i�ebillty to pay its debts ae they rnaturs.or mske an�ssiQnm�nt fo►the Mn�11t o1 «,____ �
<br /> creditors cr epp�y foror coneant to the appofntment of a receiver or tru�tes 1or itor 1ar o aubttantlal pah of such propeAy,or �. �:_:�:�---°-�°°—
<br /> � . �� ' such a recelver or husb��hall b�appoint�d and�ha�� not be discharqed within thlrty(30)deys afln appointment;or • .:h-�,w,s;�-r�;�•:,.�,
<br /> �� '���� (e)A wrif of execution or attachment o►nny similer p�oces�shall b+�lesued or levled apeinet all or any pvh uf or Mterest , '
<br /> _ _ ' ln such praperly,or eny JudgmeM involving monetary damago�shell be eMered ageinst Truetor which shall become a Ilen ' �
<br /> : on such property or pohfon thereof or interest therein and euch executlon,attachment or similer process or�udpment is not .,.�.:,t,.,�;���
<br /> reteased,banded,setistled,vaceted or stayed within sixry(80)days afle�ils eMry or levy;or �' �.��'�.�s�'"""r"�;�
<br /> . . (t)Bankruptcy,insolvency,reorganization,ar�anpement,or Ilquidation procaedfngs or other proceedings tor rellef �
<br /> under eny bankruptcy law or other lew for the rellef of debtors ahall be Instituted by or ageinst Trustar or any Oua�antor
<br /> hereof and i!inatltuted apainat such party ahell be consenled to or ahell not bedismiased within sixty(80)deys atler auch t
<br /> ioaGtutio�;or " .
<br /> . >� �
<br /> '`;.,ti�' (g)Trustor or any auccessor m interesst of Trustor,voluntarfly or InvoluntarAy should sell,exact, convey,iraneler, 4•
<br /> �:"i'�.'�, ' contract to sell,lease wUh option to pu��hase,sublease,dispose of,cAa�ge the character or use of,or further encumber ,
<br /> � :: : �'��;;';``,;,, such property,or any part the�eof,or an�interestthe�eln,or if any said part�es sha��bedirested oidtle to such reel prcperty .
<br /> � `�',,:'� ��};�'.,,';. , of a�y pa�tthereof,or any interest either voluMarily or involuntarHy,or if tiUeto such property be aubJected to any lien or •
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<br /> � ,�t<<:��^;f` ,. .:_ cha�ge volunterily or involu�tarily.contractuel or statutory,withaut the wriaen consent of BeneHciery beinp Ilrst had :
<br /> ;j � „ obtained,or
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<br /> ; �:t`i,s1� �
<br /> :,,r.;. (h)If T�ustor is a paNne�ship and the interestof a general paAne�te�mi�ates,isassigned or transfe�red,o�is diminished
<br /> =��;r� ' in any r@9pect,or if'frustor ia a corporation an��majorityof the voting co�porate stock is transierred,sold or assiyned,or if
<br /> s;��� ;J; "•� •• the Tr�as'tw Is a T�ustee o f a t�us 4 an d there is a chan ye of an y ot the Beneficial inte►est ot the t�usk or ;
<br /> •�•'�;:�"�
<br /> . (i)Trustor shell,without the consent of Ber�liciary,Crea¢eov consent tothe establ�s7�ment of a distrfct which has fexing
<br /> powers. � �•
<br /> i���f ACCELERATtON IdPQN DEFAUIt,AUDITi�Nd1l REM�DIES:In the ew�m of aoy de8au�t hereunder,Beneficiary mey,at
<br /> �.
<br /> ;1�:'''•.� Ns option,:
<br /> �.,u ';;
<br /> �`'.�'tii: 1
<br /> � , •• , , j (a D Terminate additional advances,if any,to be made under or pursuant to the Promissory Note or any building loan
<br /> � ,.�,;.' agQ�emenx or
<br /> .'�;•,
<br /> :�'��'�,t�� � �' '•'� Q b p Oeclare any sum secured hereby Immedlately due amd payable and the same shall there upon become due end ,
<br /> �';,4•:;,�t� ' � payabie wlthout any presentment,demend,protest or notice of any kfnd;or �
<br /> ' ' l.� , .
<br /> (c)At any time,with or without notfce,either in person,by agent,or by receiver to be appointed by the Court withou+t
<br /> regard to the edequacy of any secu�iry for the indebtedness secured hereby,enter upon end take possession of such
<br /> r ,�';,''�� property or any pert thereof,meke,cencel,e�force or madify leases;obtain and eJect tenants,set or modi(y rents;In its own
<br /> ' � �; ;s..�• namesueorotherwisecollecttherents,income,issuesandprofltsthereof,includl�gthosepestdueandunpaicl;endapply
<br /> , ,; ' ��('�;;�� , the same,less costs and expenses of operation,i�cluding reasonable attorney's fe�es,upon any indebtedness secured '
<br /> • � hereby and in such o�der as Beneticiary may determfne;a�d except ta such epplica�lon.Beneficlary shall not be liable to
<br /> � any parson for thecollection or noncollectlon ol any rents,income,issues or profits fo7lhe failure to assertorenforce any of ;
<br /> the foregoing rlghts,nor shall Beneficiary by cherged with any of the dut�es and obNgalions of a mortgageein posaesslon.
<br /> The enterfng upon andtaking possession of such properly.lfie collectlon of such r��nts,income,issuesorprofita,the doing ,
<br /> of other acts herein authorized,and the applicatio�thereal as aforesafd,shall not ca�ce or weive any default or notfce of � , ��
<br /> . default hereunder or invafldete any act done pursuant to 9uch notice;nr :,�.
<br /> (d)Cause to be lfled on record,a written notice of detautt and electioe-:tv sell suCh�ro,periy.A�ter the lapse of such time .
<br /> ,,,. as then may be required by law following recordation o1 such notice ot default,an�notice of sale having been given as
<br /> ''� ' required by law,Trustee wlthout demand on Trustor shall sell such p�operty,elther as a whole or in separate pa�cels,and in
<br /> � �:��;,,�� such order as it or Beneficiery may determine at publlc au�t�on to the hlghest bidder.�fie Trustee may postpone 1he sale o1
<br /> all or any po�tiun of such property by public announcement at the Ifine of sale,ar�d trom tirne to time lhereaRe�,may
<br /> postpone the sale by public announcement at the tlme and place fixed by the preceeding pos�ponement.Trustee aht��i
<br /> deliver to such purchaser its deed conveying the property so sold,wlthout any covenant or wav�s�nty,express or impNec�.
<br /> The recitel in such deed of any malters of fact orotherw�se shall be concluslve p�ool a�the tv�tl�ta��nessthereof.Any petson, .
<br /> , irtclu,c�ie�g T�ustor,Trustee or Beneficiary,may purchase Ar said sale.Trustee ma y af,sc+seN at any such sale a��d as a part
<br /> :,'; '•' Mereof,any sharesof corporate stock securing the obligation secured hereby,ar.�t�r,ustor waives dema�d�v�d notice ot
<br /> - , `, suCh sale.(Beneficiary at its option may atso fo�eclose on such shares by indaperC��+:pled��sate,and Trustor weives
<br /> '.,:� demand of notice of such sale.)After dedw�c:a rg all costs,tees and expenses ot Trr�s^�e.and afr rh,s trust,including cost�r
<br /> � ,', ��•' e�idence of title in connect�crt w�th s�G� ��'�,Trustee shall first apply the proct�cs•n`sa'e icr a�ve paymeM o(all sums
<br /> ex�ended under the terms t�reGF�ot ti^&��repaid,w�th accrued mterest at th�ra+.�a�t��er;.ayable under the note or notes
<br /> , I se�ured hereby,and thert t��a���-^P.�t of a!1 other sums 3ecured hereby,and d te�er�ea�te�lMere be any proceeds remaining, ;
<br /> • d�sarcbute them to the persaa ca perso�s Regally eni�tlea thereto.
<br /> If this Deed of Trust or an�note secureC hereby prov�des for any charge for prepayment of arty indebledness secured
<br /> • • _ - - - --•--- .--°�—�—°_ :..._....a�....a...d..1.�e.lnsnaa►�ulllwiuriln�uuMfMMA}e�fih/fL'��RtI1e/QO+S���
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<br /> in said note or this Deed of Trust,even if and notw�t�standing Trustor shall rtave defaulted in payment tlnereof,or in
<br /> - performance of any agreement hereunder,and Benef�c�ary by reason thereol,shall have dectared all sutns secuved nereby
<br /> � immediately due and payable.
<br /> SCHEDULE OF LEASES:Within ten( 10)days aRer demand.Trustor shall furn�sn to Trust�or Beneficiary a schealule.
<br /> ( certified by Trustor,setting forth all leases of such property,mcluding,in eaCh case.N1�name of the tenants or occupents,a
<br /> description of the space occupied by such tenant and oCCUpant,the rental pay�ble for such space and suCh othe�
<br /> � informa6on and documents w�th respect to such leases and tenanc�es as the Trustee or�eneliciary may request
<br /> COVENANTS OF TRUSTOR WITH RESPECT TO IEASES Wdhout the pnor wntten consent of Trustee or Beneticiary.
<br /> Trusto�shell nof,direCtly or indireCtly,with respeCt to any lease of space in such properYy,whether such lease is not or
<br /> Aeteatter in existence:(a)�ccept or permit any prepayment,d�scount oradvance payment of rent thereunder;(b)cancel
<br /> or termmate the same,or accept any cancetlat�on,term�nahon or surrender thereof,or permit any event to occur which
<br /> wouldent�tlethelesseethereundertoterm�nateorcancelthesame.l c)amendormod�tylhesemesoastoreducetheterm
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