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202401336
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4/1/2024 4:04:18 PM
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4/1/2024 4:04:18 PM
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DEEDS
Inst Number
202401336
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202401336 <br />4. Taxes. Trustor shall pay, and shall indemnify and hold harmless Trustee and <br />Beneficiary from, each installment of all taxes and special assessments of every kind, now or <br />hereafter levied and assessed against the Property, or any part thereof, or upon this Deed of Trust <br />or the Obligations secured hereby, before delinquency, without notice or demand, and shall <br />provide evidence of the payment of same. <br />5. Liens. Trustor shall not create, incur or suffer to exist any lien, encumbrance or <br />charge on the Property or any part thereof which might or could be held to be superior or <br />inferior to the lien of this Deed of Trust, other than current non -delinquent real estate taxes and <br />assessments and the lien of if 4011z M (the "Senior Lien"). Trustor shall pay, when due: (i) all <br />amounts due in connection with the Senior Lien, (ii) the claims of all persons supplying labor or <br />materials to or in connection with the Property, and (iii) the claims of registered or certified <br />surveyors or engineers, or licensed architects, or their professional consultants supplying <br />professional services in connection with the Property. <br />6. Actions Affecting Property. Trustor shall appear in and contest any action or <br />proceeding purporting to affect the Property or the rights or powers of the Beneficiary or Trustee <br />hereunder, and shall pay all reasonable costs and expenses, including attorneys' fees, in any such <br />action or proceeding in which Beneficiary or Trustee may appear. Should Trustor fail to make <br />any payment or do any act as and in the manner provided in any of the Loan Documents, <br />Beneficiary and/or Trustee, each in their own discretion, without obligation to do so and after ten <br />(10) days written notice to or demand upon Trustor and without releasing Trustor from any <br />obligation, may make or do the same in such manner and to such extent as either may deem <br />necessary to protect their respective interest in and to the Property. Trustor shall, immediately <br />upon demand therefor by Beneficiary or Trustee, pay all reasonable costs and expenses incurred <br />by Beneficiary or Trustee in connection with the exercise by Beneficiary or Trustee of the <br />foregoing rights, including without limitation costs of evidence of title, court costs, appraisals, <br />surveys and attorneys' fees. <br />7. Default. Any default of any of the provisions of this Deed of Trust by Trustor, <br />any default under the documents relating to the Senior Lien or any default under and as defined <br />in any other Loan Document shall constitute an event of default (an "Event of Default") under <br />this Deed of Trust. <br />8. Certain Remedies. Without limiting the rights of the Beneficiary under the Loan <br />Documents and in addition to any other rights or remedies available to Beneficiary at law or in <br />equity, upon the occurrence of an uncured Event of Default, the Beneficiary may exercise any <br />one or more of the following rights: <br />(a) Beneficiary may enter upon, take immediate possession of, manage, and <br />operate the Property or any part thereof; make repairs and alterations and do any acts <br />which Beneficiary deems reasonably proper and necessary or advisable to protect the <br />security hereof, including but not limited to those granted Beneficiary pursuant to the <br />other Loan Documents; and either with or without taking possession, in its own name, <br />sue for or otherwise collect and receive rents, issues and profits, including those past due <br />and unpaid, and apply the same, less costs and expenses of operation and collection, <br />including reasonable attorneys' fees and the Beneficiary's costs, upon the Obligations <br />
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