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202503158
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Last modified
6/11/2025 4:06:01 PM
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6/11/2025 4:06:00 PM
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DEEDS
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202503158
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202503/53 <br />6. Condemnation. In the event the Property, or any part thereof, shall be taken by <br />eminent domain, Beneficiary is entitled to collect and receive all compensation which may be <br />paid for any Property taken or for damages to Property not taken, and Beneficiary shall apply <br />such compensation, at its option, either to a reduction of the indebtedness secured hereby or to <br />repair and restore the Property so taken. <br />7. Performance by Beneficiary. Beneficiary may, but shall have no obligation to, do <br />any act which Trustor has agreed but failed to do, and Beneficiary may also do any act it deems <br />necessary to protect the lien hereof. Trustor agrees to repay, upon demand, any sums so <br />expended by Beneficiary for the above purposes, and any sum so expended by Beneficiary shall <br />be added to the indebtedness secured hereby and become secured by the lien hereof Beneficiary <br />shall not incur any personal liability because of anything it may do or omit to do hereunder. <br />8. Assignment of Rents. Beneficiary shall have the right, power and authority <br />during the continuance of this Deed of Trust to collect the rents, issues and profits of the <br />Property and of any personal property located thereon with or without taking possession of the <br />Property affected hereby, and Trustor hereby absolutely and unconditionally assigns all such <br />rents, issues and profits to Beneficiary. Beneficiary, however, hereby consents to Trustor's <br />collection and retention of such rents, issues and profits as they accrue and become payable, so <br />long as Trustor is not, at such time, in default with respect to payment of any indebtedness <br />secured hereby, or in the performance of any agreement hereunder. If any event of default <br />described hereafter in respect to this Deed of Trust shall have occurred and be continuing, <br />Beneficiary, as a matter of right and without notice to Trustor or anyone claiming under Trustor, <br />and without regard to the value of the trust estate or the interest of the Trustor therein, shall have <br />the right to apply to any court having jurisdiction to appoint a receiver of the Property. <br />9. Inspections. Beneficiary, or its agents, representatives or workmen, are <br />authorized to enter at any reasonable time upon or in any part of the Property for the purpose of <br />inspecting the same and for the purpose of performing any of the acts it is authorized to perform <br />under the terms of any loan instruments executed by Trustor. <br />10. Transfer of Property. If all or any part of the Property or any interest of Trustor <br />therein is sold, transferred or further encumbered without the express or written consent of <br />Beneficiary, Beneficiary may, at its sole option, declare all sums secured by this Deed of Trust to <br />be immediately due and payable and proceed to the remedies available to it under the default <br />provisions contained herein. <br />11. Events of Default. Any of the following events shall be deemed an event of <br />default hereunder: <br />(a) Trustor shall have failed to make payment or any installment of interest, <br />principal or principal and interest or any other sums secured hereby when due; <br />3 <br />
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