|
._!;`:`�.. . , . . I
<br /> ;�'��,;:�9, - . .. : . . �� � .. '
<br /> � �� - . � 1
<br /> �I ',� . , •. - - • ._..... �. . ^ , -. . !3 ..'.
<br /> �,� � ' . .
<br /> � •;�►#x.,,. ........ ., . . " , � ' . .. -.,.�-.��'.----••-
<br />. u � .,: .�,4,�(+lNj ��l�a_-....ey,.� ' ..:...�,:.. .. , u�{r- . �L_�uirr�...n:-sv� .r..�,.,.�9,..., ii � .n�..
<br /> ��
<br />.. �..A�lR1A�67►F i 1����W. .,„ . �yT°'r^+"'�i"F � .. ^"-'-'-.�' •�� �.-'---.... ..__.�...._�_...._._..._-.. �.--- . .
<br /> .
<br /> . . � ._. ��.u"�s.... '_' �__ ._.
<br /> . � _
<br /> , . ��..,�
<br /> ., a.
<br /> �.. ..
<br /> ' ' ..:�- aLkri.._. . t'_:. � • J:._._.� ......._'_'........ --.._�_._.�_�__"_'"
<br /> .
<br /> � ... - -5+..«---�. �l'=-..
<br /> .f _'
<br /> '�
<br /> ._��� ��m h�14 6DI9 —.
<br /> '�� � �����/�/ �.. :
<br /> i,�. --
<br /> ��'�� deemed to be coupled with an inte�est,shall survive the volunttuy or involuntery dissolution of
<br /> �,; Trustor and shal!not be s,�ffected by any dist�bility or incmpacity suffer�d by Tnistor subsequent =
<br /> to the date hereo�. ��neficiary �}�all be without liabiiiry for any loss whicla may aiise &am a
<br /> ��� . f�ilure or inability to collect Rents and Profita,pmceeds vr oi�ie�payrae�ite. Mo�^rev�r,�.endl th� .
<br /> occurrence af an Event of Default uuder this I?eed of Trust,Trustor shall have a licxnse to collect
<br /> ��; and a�eceive the Rents and ProSts when due and prepaymenta thenwf for not raore than one(1)
<br /> °° month prior to due date thereof. Upon the accurrence of an Event of Default hereunder,
<br />._��� Trusxor'g �icense shall auto�naticaUy terniinate without norice to Trustor and Beneficiary may
<br />-;::.s . - lhereafter,witkout taking posses5ion of the Property,c,ollect th�Itents and P�o6ts itsetf�r by an
<br /> ��... agent or receiver. From and after tlie temunadon of sucl�license,Trustor shaU be 3he aSent of
<br />;:�;'�� BeneSciary in colleotion of tho Rents and ProSts,and aU of the Rents and Profits so coUected by
<br /> �,� TnisWr shall be held in wst by Trustor for the sole and exelusive beraefit of Heueficia3y, and __
<br /> � � Tn�stor shall,within one(1)business day after receipt of any Rents and Pro�ts,paY the s�me to
<br /> -_�, Benefiaiary to be applied by Beneficiary as hereinafter set forth. Neither the demand for or
<br /> = - colle,ction of Rents and Profita by l3eneficiary shail consP,itute a�►y a�sumPtion bS'B�nefiEiA�Y°f
<br /> -- any obligations under any agree�aent relating thereto• Beneficiary is obligated to�unt mn1Y
<br />-`-,� for such Rents and Profi4s as are actually aollected or received by Benefi�ciary. Trustor _
<br /> irrevocably a�es and c6ns�nnts that the resPe�tive payors of the Rents and Profits shall. uPoa
<br />==-- demaud und.nodcv from Beneficiary of an Ev�nt of Defaiilt hereunder, pay said Rents and
<br /> .�� �r��its to�eneficiary wi4hout liability to deter�nra8 the actual exiatence of tix►y Event of D�fault
<br /> _-- �Isimed by B�neficiary. Trusto�hem�.by waives any right,claim or dem�of Renes a d Prof ts to —
<br /> now or heres�er have against any stach payor by reason af such payin
<br />,,j� Heneficiazy, and any such payment s7ia11 discharge sucb payor's obligation to make such
<br /> _ �g�Pnt tn Tr�stor. All Rents and Profits collected ar received by Beneficiary may be applied
<br /> a&ainst all ex�senses of eollection,i�cluding,without liraitation,attomeys' fees. aga3ns��-ts a€
<br /> � operati.on and management of th� I'i'opertY and against the indebtedness secw�l tcereby, in
<br /> ---- • whatever orcler or priv���r:�to any�o�'t�e ites�s�mP�??�n�d as Beneficiar�►dire�4s in its sole -
<br /> sulajective i3iscretion and without re�l to the adeqw�cy of its securiZy. Neither the exercise by
<br /> �E�eficiary of any rights under tlus Seatic�n nos the application of any Rents and Profi4s W thc�. •�,
<br /> secured indebtedness shall cure or be deeraBd a waiver of any Ev�at of Dafault or an election of�. �� .
<br /> any rem�dy hereunder. The assignix►ent of Rents and Profits hereinabove g��anted shall continue
<br /> in full force and effect during aay period of foreclosure or redemption witL respect W t�e
<br />-_;� propaty. Trustor has�xbcuted an Assigmnent of Leases and Rents dat�d of even date herewith
<br /> (th�a"Assig�nmenY'j in favor of Beneficiazy�overin8 a�1 of the right,title a�sd interest of Txustax,
<br /> as land�ord,�,essor or Heensor,in and to any leases,licenses and occup�ncy agcainents relaw►g
<br /> to all or pdz�tions af the Property. A11 ri�hts and remsdiEa graY►ted to Bteneficiauy under the
<br /> Assi�nmem shall be in addition to and cumulative of atl rights and remedies �rante� to .
<br /> $�neficiary Inereunder.
<br /> -- - 1.12 Leases and Licenses. .
<br /> ,.:
<br /> (a) Prior W execution of any L�ases of space in ttie Impmvement$ after the
<br /> date hereof,Trustor shaU submit to Beneficiary,for Beneficiary's prior appa+oval,which npproval
<br /> shall not be�unreasonably withhe�d,a capy of the form Lease Trustor plans to use in leasing
<br /> space in tha I�nprovementa. ��• Leases of space in t3�e Itnprovements sha1T:��e on ter�na
<br /> consistent with the terms for sirn{tar leases in the m ket con�di�nseand ha11 pro de forfmarket
<br />-- rent only if the same is consistent vrnth preva�lin8
<br /> __ • DOCSNYt:55137G2 19 '
<br /> 4.' 82331i76)K9 ,'
<br /> _.�� • .
<br />_ --`'y'Yj,�.'• � •:oL`-. ::U;;.. .:+r�r_ 19�it,� �, -- - ',y:J�� --- „
<br /> ..
<br /> _ _..,: ..�. --.... :�- .. .. . .
<br /> il...�T�..4�4-rT^"�a.�s _
<br /> - _ - , . . ._... .� ...' �� .
<br /> - . , '.�..+�. YSD. �xs- ---� -
<br /> . r ,.�grt �..:s.. .o,��.�asw�n
<br /> . _ �t i .. . . . , �2� r�T4t°CL°`,�,' -"v'!" .-v..o�a ...�.,,... -- - � �.
<br /> '�{�, • �y ' -- . �',' '�..�. � ' -�i:s..J•• v- -..�...�..-,....4r '. ._ .�.--"
<br /> �SC o_ _ "n�r:�-a i �r' ac:"`ti �t'T�l_1 _t �rS�'t�te�a�, a..._—
<br /> ��f. . -.. .. � . -.d:`;;:'..ry. _ - .- '�'+�}''931� ��.-,^� 7 sy_ — --�
<br /> y�Ak� . ' • , ->_.�,s� � ��a ra�,a .. v4r .r;;,�3ih ��" �� - -- . _.
<br /> ' _,` i f . � • � t ..o.�...��
<br /> -S- ��;��z14. �"; , �y�j.�` .il� �r r' ,�r I i.i}k- { � . �� n.i.r.a�� - _
<br /> t �. . . .., . . . .. ,t.. �r r _� „�. �C" -s.
<br /> ;,� - .�?�� . . _ � �� �Y L,r.. � i���='� TFi_r r�3_u...... a..- �--
<br /> �� , , , ����',� _.��`,����
<br /> � �.�.�x� ,. f � : _ � - _ -
<br /> 4 .� !i
<br /> •%` ,,� :a ES�h s�,<,�.Yrr��e_.
<br /> ^4va�r �i�,• _ . .' ° �� aF - . ' . r t..���j ��Ib --- _��
<br /> � �,B;'iV��yq - .9� t'� < .+t t�k� - .��R��ir U La' !kt --
<br /> �?�'�'t .� � � . - ' � -- -i s - r. �L-.�iy _ .
<br /> ��.'�� _ , � �� �. - .1.• ,;•i.� � j 3 JL ° �-;- — � ' ---_ -
<br /> t'�a' +::.�� ,j,; . _ n. . . �'�: �':' - --- -
<br /> . . .
<br /> ... -. .. .:. .
<br /> .
<br /> . . , ,,, .
<br /> / �S• .. o o . .�!.. � . .. U ., �� . , rf'e' . �"� �-- r ��A�-__-__-
<br /> `<}. o � .. , � ' �-. �� ' :i°1'- -- -"' - -_ -_- -
<br /> '1 .%s. '=1:;+.•. :,t� - ..� �-
<br /> . 't' ., � ... . . . t . _.���GVtid+�.t•_.et�1e...�.. , _.. ._. X_�l.it. �r��i��2X'� --- ��._ .-�— -
<br /> i -
<br />
|