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<br /> ���' }� ' � ' � ' 91-- lo2�r01 �
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<br /> IT IS MUTUALLY AGREED THAT: . y. �=��-
<br /> ^ '"1 � UTIOATION:Truslor�hall ddend this Trost in any acdon o�pracs�d�nQ purportinp to atteat woh propsAy,whnhsr or not -'
<br /> � it aHsct�the sacu�iy h�nof,o�purpordnp to atUct the riqhts a�powen of Heneflciary of Truttee,and �hall Nls and �
<br /> , 'y.... � „ prosecute ell necesfary cl�ims and aatfons to prevent or recover for any dnma�s to or deshuatfon of such property.�nd :
<br /> . .' � � either Trustse or B�nNlof�ry ia hsreby vuthorized,withoutobllpstlon so todo,to cammence.appwr In o�detsnd a�y suoh
<br /> � acUon,whetherbrovphtbyoregeinetT�uator,8eneficlaryo�TrustaeorwithorwithoutauiLtoexarciseo�enlorcee�yother � _ _�_ � _,
<br /> � , � ' .. - riqhl,�emedyorpowerAVallableo�contenedhe�eundar.whethe�ornotjudpmentbeenteredinanyacNono�proceedinp; ��v�.;.�r_._�,.,,,�,�_---
<br /> ° � and T►ustar or Bensflci�ry may appear or Intervene f n any acila�or procoedinp,and�etain counssl thsrein;and tske such
<br /> actiontherefn,aeeithermaybeadvfaedandmayaettle,compromiseorpaythesemeoranyothe�claimaand.inthatbehelt _ _ -__
<br />,,.= ' andforanyofsaidpurposea,meyexpendandadva�ceauchaumsotmo+neyaseithermaydeem�eceaaary.Whetherornot
<br /> .t � Trustor so appears or detenda,Truator on demand shall pay all cosls anai expen�es of 8eneflciary and Trustee,includin�
<br /> cost ot avidence of tille�nd atlwney'a feea in a�easoneble aum,u►an�su�cfe aict�or*a'D�eedi��i^which Beneflciary o� ___
<br /> . T�uatea m�y appear b�r virtue of 0einy made a party detendant o�otheewise aredi{nesF�cRi�►e d vrf�ether the nlsr�sA oi .t s�___
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<br /> ' . .. 9en�ciaryorTru4teainsuchpropeRyisdirectlyquestionedbysuchaCtio�.fnctudiingbutnotlimitedlo.lMyactlonbrthe ��,".`�`� ..°.""`"`"":�i
<br /> ; forecfqsur�of,or sate proceedin$s uncier,any secondery Ilen on su�ch property,oondemrwdon or pn�tiMon of s�uch �'°
<br /> � prop�eety,ond any auit b�apht br 8a�e6ciary�fo►ecbse 1h�s Deed of TnFSt
<br /> 1; . CONDEMNATION:All eums du�.MM a pa�raWe to Trustor.or anr successor in interest ot Truator,whether by w�y of �Y�
<br /> � � �udpnnent aot�ement a owerwiae.(A)br injury or damage to such p►operty,or(b)in connecdon with any c�nd�mnadon `___ _
<br /> . for public use a ic�jury b such�rapertY or eu►Y Part the►�of.or(c)fn con�ecUon with the transacNon flnencad b�the toan „�c�.,�
<br /> � ' �� secured he►aby or(d)arfsin�out ot all causes of action,whether accrufnp before or after the date of this Deed ot 7rua� ��-'�-
<br /> soundinp in torl or contract,Ucluding cawses o1 action for fraud or cancealment oi a meterial faat topether with the i=�,,,,,., �';;'"'_
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<br /> se�lementa,proceeds,awarda and demeges,direct and consealuenttal,in connecdon therewith are hereby s�bso�utely and �
<br /> irrevocably assigned and ahall be peid tu 8eneficlary.Benetlaiary ahall be endtled,atits oprion,to can�nenc6,intervene in. ,� :„,�;ti. ��,;:i�=_.
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<br /> ' appear in and prosecute in its own name,any action or proceeding,or to make any compromise or s�114ament in ..,.�,,,;;;:;:�:�
<br /> � connection with any such takfng or dema�e.Trustor agrees t�execute such further asef�omeMs o��nY�w�ensatbn. .•�•��,►:;•a•�•; •'—
<br /> . award,demeyes,riphts ot action and praceeds es Beneficiary ma��reqw�i�e. � �'i�.:'�i'•�' °—
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<br /> . " All amounta received by Beneliciery pursuant to this Deed of Trust under any fire orother insuranc�polfcy,i�connectlo» �;.,,;�,,
<br /> • wfth a�y condemnetlon tor public use of o�inwry to such property,tor Injury or dame�e tosuch hereby a�e to be appliedat ��
<br /> � theoplfon of 8eneticfary upon any indebtedness secured hereby.Theapplicetion.use or release of such amou�t shall not ; ��;�:,��
<br /> ------ eure or waive any daiault ar natica of delsult hereunder or Invalidate wny ect done pureuant to auch nodce. �,�._..'.;,'�,:":�;_-___ _ _
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<br /> ' CONSENT,PARTIAL RECONVEYANCE,ETC,:Trustee may,at any time,or irom time to time,without Iiability theretore. � � � _�-
<br /> . � and without notice,upon written request of Beneficiary,and wNhaut attectfng the personel Ilability of eny persan tor . ���;:,,• Y;-;�
<br /> � � payment of the indebtednesa aecured hereby or the Ilen ot this Deed oi Trust upon the remelnder of such property for the � ��.� • �_.,_
<br /> fullamountofthaindebtednesathenorthe►eafter,securedhereb ,orlher htsor oweraoitheBeneficfe ortheTrustee . '�?�i�� n-�--_
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<br /> -;�,,•.i: . w it h reapec t to t he rema in der o f s u c h p r o p e r t y,(a)r e c o n v e y a n y p a h o f s u c h p r o p e rt y,(b)c o n s e n t t o the mekin g of an y , : :�jµ%i��.;,
<br /> � ' mep or plat thereot,(c)jofn in granting any easement thereon,or(d►join in eny extenslon epreement or eny ep►eemeM ; , ;`f:`::y=
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<br /> ; ,:.`�A ` �•. subordinallny the lien or cherge hereof. I = �::r:�:�:.
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<br /> `�' • ,.• , FULL RECONVEYANCE:That,upon written request of Beneficiary atating that all sums secured hereby heve been paid � '� '.�
<br /> . and all obligadons secured hereby have bee�satisfaatorlly performed,Trustee shall reconvey, without warra�ry,the .
<br /> � tuthfulnesa hereof. The grentee in suchseconveyance may be designated as 'the�p�ersonl opersona�legelly entltled ' �
<br /> � ihereto". Such requests and reconveyance shell operate as a reassignment of the renta,Income, issues end proNta � .,
<br /> hereinbefore esafyned to the 6eneliciery. � '���, '� �� �
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<br /> RIC�HT TO COLIECT AND REC�IVE RENTS AND PROFITS:Notwithstending any other provfstons hereol,Beneflcfery
<br /> hereby grants permissfon to Trustor to collect and retain the rents,income,iasues end profita of suoh property as they
<br /> . become due end peyable,but reserves the right to revoke such permlasion et any tfine,with or without cause,by notice in
<br /> . , writl�g to Trustor, mailed to Truator at hfs last known eddresa. In any event, such permissfon to Truator shall be � ;�
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<br /> � . autometfcelly revoked upon default hereunder by Truator. . �
<br /> � 1 FINANCIAL INFORMATION:Truator wfll provide to Beneflcfery,wfthin 90 deys of theclose of each liscal yearof Trustor,e
<br /> ; �;'�'.�'�•,�� consolidated balance sheet and atatement of earnings of Trustor and any and all guarentors of the obligetlons secured
<br /> ? ,.!�'•r:'���'+'.ti•` herebyandwillprovideanddelivertoBeneticfarysuchotherlinancialinformationandinsuchmanneras8eneficiarymay
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<br /> ' � {' ','r,y1�•, '�';�� direct trom time to time.
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<br /> � '' FI�fANCIAL COVElVANT:Tsuszar shall comply wifh and shall cause ar�y and all guarantors of the obl{gatfon secured
<br /> • � � • 'I ;�`•� hereby to comply witfi,ar be in compllance wilh,the followfng tina�c�al c overa�ts:bThis parag►aph shall be non-applicable
<br /> '`'•'�. ' ;,:,,;�, �; !1 c�ven�nts and req�uiremenls are not 1111ed In below.)
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<br /> � EVENT5 OF OEFAULT:My of the following events shall be deemed an event ot detault hereunder:
<br /> (a�Oefault shall be made in tne payment ol a�y fnstaiaraent of princ�pal or interestar any other sum secured hereby when
<br /> � due:a
<br /> • � (b)Trusta�should breach or otherwise be In deteult under any term,covenant,agreement, condition,or provision
<br /> � contalned herein or in any bufldinp loan ayrsement or in any other eqreement secured hereby;or
<br /> , � (c 1 Any re(oresentation or covenant made herein,in any building loan agreement,or�n any other agreement secured
<br /> I hereby or yiven in connectfon herewith o�eny fndebtedness secured hereby should be falae or misleadinq;or ,
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