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<br /> • � � 91-10�96�
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<br /> '� n,, 4:,y,.;x Lender. The foregoing warrantiea and representati.ona, and _.
<br /> , ;��. ... Borrower'e obliqations purauant to the foreqofng indemnity, ehall __-�
<br /> '°.•. , �� � aurvive repayment of the Note and the reconveyance of thie Deed 4,
<br /> -- " of Trust. �`�` - —__
<br /> �,.�r_ . :� � _,
<br /> . �� .... .. . l... .. yx�. � _ __._ .
<br /> � � � � �� ' 9. Asei nment of Rent� Mana emeut of Pro ert . As � _
<br /> �` �°k��� additional seaur ty ereun er, Horrower ere y asa gna to Lender �:kr��.,.�: '"":
<br /> �� ' the ronta, isaues and profits of �he Property, provived that ' "� � -
<br />�r."_ .�Y�`. ._t. •_..:.(�t...,.._�_
<br /> Horrower ahall, prior to acceleration under paragraph 11 hereof v==
<br /> �,�_._�._
<br /> � • or abandonment oE the Property, have the righ� to collect and � `�-��---•---
<br /> ' � retain euch rents, isauea and profita as they become due and pay- ��'-�����`�" "��---
<br /> ' able. Upon aeceleration or abandonment of �he Property, Lender l:�=_,Y�-=___�----
<br /> � ' may, either in person or by agent. with or without brinqing any �_ _ _
<br /> °• ,y .n aetion or proceeding, or by a receiver appointed by a court and ^.�, � ----
<br /> � � , without regara to the adequacy of its securitg. enter upon and ;�..,:�..'„� �y...i._;;,:_
<br /> . � take possessfon of the Pro ert , or aes art thereof, in ite ovn r������-----
<br /> P Y F P ;;��s?r�;T.,,.._
<br /> •,'' .� ' name or in the name of the TrusteeQ and do any acts which it , x
<br /> - "� ' d e e m s �a e c e s s a r y r�r deairable to preserve the value, marketalaility �,.. -�►�-.�._.;,
<br /> � ' " � � ' or rentability of the Property, or any part thereof or interest � . `�
<br /> . '' � � � therein, increase the income therefxom or protect the securi��r • ___
<br /> �� ' hereo f an d, w i t h o r w i t h o u t t a k i n g p o s a e s s i o n o f the Pro pert y, , . �;ic�::=:-;
<br /> ° ` ' sue for or otherwise co l lec t t he re n t s, i s a u e s a n d p r o f i ts ' ��'_-
<br /> . . ,r_
<br /> � thereof. includfng those past due and unpaid, and appl� the same. r ,; �t._:.
<br /> leas coata and expenaes of operation and collection, ir�•cluding .. ,
<br /> i n �%�
<br /> , . , � !�� attorneys' fees, upon any indebtedness secured hereby, all , __
<br /> • such orc7er as Lender r:ny determine. The enterinq upon and taking �
<br /> �' �� possession of the Property, the c�lle�tion of such renta, issues , -;
<br /> � � � and pru�f its and the application theseof as aforesaid, sfia11 not ' r,';;
<br /> ' ... ���.�,�:�s�� >
<br /> . �____._�-. �,�rp or waive any default or notic� ot default hereua�aer or ._._.. ., , �,�: .
<br /> �::._
<br /> ' ' invalidate any act done in response ta such defaul�: o� pursuant � -s;z.r _
<br /> � �o such notice of default and, notwiC�standinq the continuance in ;4_ -
<br /> � � , possessian of the Property or the colleation, receipt and applica- h .a--
<br /> tion of rents, issues or profits, and 3'�custee and Lender shall be � ::s..•,�_�,.-
<br /> entitled to exercise every riqht proviAed for in any of the Loan .,��� �. ,�,,•� ;�_;;
<br /> �'�1� ;;
<br /> � Instruments or by law upon occurrence oF any Event of Default, �,�';,___ :`
<br /> � including, without limitation, the right to exercise the power O� ��r;.�h_^
<br /> � � � � sale. Further, Lender's rights and remedies under thfa paraqraph � . � �
<br /> �� }`. ,. ::�•:;.._ ..,?.
<br /> ,, 9 shall be cumulative with, and in no way a limitatiion on, .;,�,t.�,'�;.:
<br /> Lender's riqhts and remedies under any Assignment of Leases and ;-.-;�.�:,,_;
<br /> Rents recorded against the Prc�perty. Lender, Trustee and the ' ��
<br /> } receiver shall be liable �o account only far those rentis actually + -,.•.,, ,.._.__
<br /> � ;... ti ��._-
<br /> . , received. � ,;,�! -
<br /> - 10. �venta of Uefault. The following shall constitute �: �• ,;, ��_!�_ _--
<br /> ' ����,h�� an Event of Default under th s Deed of Trusts �' ' �F_�; � _
<br /> �,�
<br /> +,r�..,,�; . +' �'� ��.�s_
<br /> „ • (a) Failure to pay any installment of �'' �-. • �;
<br /> , �.;,,, ,..:�;,. .=
<br /> , �� : princi�al or intereat or any otlier sum secured hereby ,, �� ���
<br /> ' when due, or failvre to pay when due any other indebted- � �����
<br /> � " ness of 8orrower to Lenderr , �,-.
<br /> � �,.:;:�.: . ,
<br /> . 1 ..'_ �; ':�,�: , ., . �.. :�
<br /> ���, � ,. (b) A breach o� or default under any provi-
<br /> ��� sion contained in t3�e Note, this Deed of Trust, any of
<br /> • th�e Loan InstrumPnts, or any other encumb�icalble curele
<br /> � •. •-� i Property, after qi�ing effect to any app
<br /> ':° _,.' (
<br /> period contained therein;
<br /> , .��;:::.,:
<br /> , �. ;.•,,,•, (c) A writ ot executioii or attachment or. any
<br /> � ,,���� �� � sirnilar procpss shall be entered against Borrower which
<br /> � r•... � ; s�aall become a �ien vn the Property or any portion
<br /> ' thereof ar i��tere�st therefnj ,
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<br /> � (d) �"[�nere shall be filed by or against
<br /> ..4 F�.�.,ro faAFral.
<br /> ' "-' Borrower �n accior. unuc� a��Y pi=��••- �= --_--- --- - .
<br /> state or other statute, law or regulation relating to
<br /> � ' bankruptcy, insnlvency or other relief for debtors; or
<br /> � ' there shall be appointed any trustee, receiver or
<br /> • ' � liquidator of Borrower or of all or any part of khe
<br /> � i�roper�y, or the rents, issues or profits thereof, or
<br /> � ]3orrower shall make any qeneral assiqnment for the .
<br /> i benefit of creditorss
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