|
..; .... . .
<br /> _ . .__. _; ...i......a.. � ... ..: .. . :. . . . � .. �_:1 . - � . . . . ... _. ._.. �--- -�;:.L�: _ -:t�:;!�V:.
<br />- r .... _ . . - _ _._.___ .. .
<br /> _ ._. . ." , _ . . .. - .{L_r - —
<br /> .. , . . . .-;-�t -
<br /> � 7 . .
<br /> .1�.'-
<br /> �` ' �l���� � „ . �-
<br /> ` AotIIIG�tIO t El�noflalAry.In thc►c+vanl r�ny pollcy hc►roundor I�nat ranowud on ar boforo 111toon(ta)days prtvr ta
<br /> ito oHplr�tlpn tletp,Truatoo ar ponollbiflry mAy torOC�uo auch in�urnnr,q In accorduna�wNh tho provlslano of Pnrapraph y.
<br /> ��° ' t'ruotor ahall dpllvor to�anoHplary tho orlpintil pollGlon ol Inouronca nnd ranowal9 thoraof or aoqios of euoh pnliatvs un�l
<br /> -- - - - ronow�la Iho�aaf. Fsllurp to furnleh oueh InsurAno�by Truator�or �anc�+vala ao raqulrad horoundctt, �ht�li, at tho optfon of -
<br /> _ . . �- - -- .._
<br /> t�anpflolary,co�otituto o dolualt.All U�190�fiqtl�If01i►IUtii9 8►8 h�ttlby ABA��fl@d t0 Yf9UlQ8 88 Rfft1411Qf►A1 B@tfuNly,and a�lo c�n
<br /> convoynnoo os tit0 Propo►ty by Iho 5'ru�too shall�lpnrato to co�vny ta th6 p��rchA6or tha Tructor'9 Inturest In and lo all polloles � .
<br /> �.__�. � of inour�nao u{�on tha TruS�t Fropstiy, l._ _ ._�_---.----
<br /> 5.T�+x�a end Atas�m�nt*.T�uatar ah�ll p�y RII tnxoe nnd ppoclal�s����emante lovled or aesosaed n�nlnAt,or duo upon,tho �
<br /> Propurty botoro dollnqu�n0y nncl wlli dollvor to 8onoticlary coptor�ol recolpts flhowing paymant of auch IAxo�o�d epealAl �
<br /> AnsosamvMS. �
<br /> 6.AddltlaMl Ll�ns.TruAta�ehqll mako all�nymont�of Intoroat and prinolpal,and pAymonts of any othor aharflos,foos,ond
<br /> �� oxpenaea contraatc�d ta bv pald to any oxlatln{J Ilen holda�e at prl4r banoficlarlu�undor pny prlar Deocf ot Tru;�t,MortQAge or
<br /> othor eanurNy c�flrc�omonL bo1o��tho dato 1ho�+ arc► dollnquant flnd ta pay eny othor alalm which Jaopa�dlzus tho soaurlty
<br /> . qraMad hereln.
<br /> 7.P�at�ctlon at B�nHtal�ry'e 9�cuMry.9hould Trustor lull to meke�any payment,1t�11 to du a�y aat as horoln pravlded pr If
<br /> �ny aotlan ar praaaodlnp IA communcaci whlah materlally altc�qte �oneflalAry's Intorost In the Property, Includlnfl, but not
<br /> Iimitad to,OinlnOnt damaln, Inpolvency,a�r�np�3mOnte or procc�adlnpa Involving a bankrupt ar decedent,ihon Beneticl2ry or
<br /> • Truatee,but wlthaut obllqptlan to do so,snd wlthqut natico ta o�domand upon Truator,and without rt�loasing 1�uator from any :
<br /> olblgatlon horounder,mE►y mt�ka pr do the 9Ame,and moy pt►y,purchnse,contost or compromise any enaumbrance,chargo or i
<br /> Ilen,whlch In thp Jucl�m�nt�f elther uppsar4 to affo�t aeld P�oparty;In oxeralsing�ny such powera,tho Benoflolary or Trustee
<br /> may Incur fl Ilablllty and oxpn�d wht+tovo��mqu�ts,� InCludlnp olaburAements of roaROn�blo attornoy's feos,whloh In thelr aa �
<br /> soluta dlar.rell�n may be noces�ary. In tho oven11ha1 Tru9lor Qhall }all to procuro I�suranCe,tall to pay taxvs�nd sFer•IAI � •
<br /> assesamente or fall ta mt�k0 Any payment9 to Qxlsltng or prlAr Ilen haldera ur benoflClaries,th:�Benellolary may pracu��such •
<br /> InauranCe a�d m�ko suGh paymflnle.All aum�i�ourrad orexpondad by Benef�clRry or Trustee In accordance with tho provl•
<br /> slone of th�paed of T�uat are eAaurc�d herQby and,without domAnd,shall be Immedlately due end payable by Trustor and shail .
<br /> bear Intare�t at tha r�ta pro�ldod for ndvflncps under the 4aAn Agreement; provlded, ho�vever, that at the optton of th�
<br /> Benoflclary ar Truate�,suah aume may be Added to tAe prinClpAl balance of any Indebtednesa aocured hereby and shall bear
<br /> tha oamp Iniaraet as auch Indobtedn�aa an�shall be payabin rAtebly over the remaining term thoroof.
<br /> 8.Asatpnmsnt a1 R�nt�,Bonoticlury ahell hevo thA rlpht,pow�r And authority du�ing the contlnuanov o1 thle Deed of Truet to -
<br /> colloct th� rAntA, issups and protlts 41 ihe proparty�nd at Any personal prQperty located thereon with or without taking
<br /> poseeeslon pf th�Propvrty altACted her4by,and Trusta�horeby abttalutely and ur,condNlonally asalgns all suuh rente,Isaues
<br /> and pra111� to 8enaflalttry. Benoflclnry, however,hereby con��nts to the Trustor's co!te�tipn and retenllon o1 such renta, •
<br /> ' lasues end prpfltp as thpy acaruo and becomo payablg ao I�np aa Truator la not,at s�ch t�me,In detault with respeot to pay
<br /> ment pt any Indobt�dn�Qa sooured hereby or In the porfprmanr.e of any agreemmnt horoundar. Upon any auch default, �
<br /> i BenoflclAry may at flny Ume,elther in porson,by agent or py a racaiuei in Go sD�ti•=�ia�by a aaart,ultt�out notice�nd�!lhout . - , -.-_-
<br /> i reAard to ihR edpqu�lcy of any aeourity}or the Indebtednaea hateby aecurod:(A)eR".or upon and teke posseaslon of tha Praper•
<br /> � ty or�ny pArt ihE�rapt and In Ite own name eue for or otha►wlsq�allsct such rents,�ssuea and protlts,Includin�thase past due
<br /> ___ �n.�u�rni�,n��Qnn�y�h�samo; leas coste and exaenaos ol opAratlon and colleotlon,Including reasonable attorney feas,
<br /> upon any Indebtedne�8 securod horGby and In such order ae EI�+nAliclary may data�mine;(b)petform euoh aa18 of r9pai�or prcr , • .
<br /> tectlon as mRy bo nocoss�ry or prop�r to aonec�rvo thv valua of the Property;(c1 leaso the same or any part hereol for auch ran-
<br /> . tal torm and upan auoh candltlonH aa Its Judgmenl mflY dictate.Unle�s Trustor and Beneflclary agree otherwlse In wrlting,any
<br /> appllca�tlan 4t ronta,Is&uos or proilts to any Indebtvdneas Rocured hereby ahall not extend or postpono the due date o}the In•
<br /> stallment paymenta as pr�vldod In th�I.oen Agreement,and the appllcatlon thereol ae eforesald shall not walve or cura any
<br /> defauN ar notico of default hereundnr qr Invalidata any act done pursuant to auch notico.Trustor also asalgns to Bonollolary,
<br /> ae furthpr aecurity for thp perfprmnnGH of the obllgatlone seaured hereby,all prepald rents and all monles whlch may have
<br /> bevn pr mAy heresftar be depoalt8d wlth sald Trusto�by any Iasaee of the Property, to aecure the payment o1 any rant,and
<br /> � ' upon defauH in thp perforamnr,�of pny of the provlslons hareof, Truator agreos to deliver auch renta a�d deposlts ta tha
<br /> Benaflolary. Qellvory of tivrltton notiGa of Benolllcary's exerclae o1 the rlghts granted hereln to any tenant occupying aald
<br /> � prHml868 8ha11 be 9ufifcient to r9qulrq sald tonant to p8y sald tenl to the Beneflclary untll }urihar notice.
<br /> 9.Gondt�raa��tlan.!f t�tle to ony part of the Property ahall bv taken In oondemnatlon procoedinga,by right o1 eminent domaln
<br /> or slmllar actlon,or sh�ll be aold undet threat of candemnatlqn,aIl awarda,damages and proceada ere hereby assigned 2nd
<br /> shall be pold ta Heneticlr�ry wh0 ehall apply auch 2ward,damag�s and proceeda to the sums aeaured by the Daed at Trust,
<br /> with ihA excess,If any, pafd t0 th9 T►uetor.
<br /> 10.Futura Advancw.Tha Loan A9reemenl Drpvldes for advancaa from t�mQ to time lo Truato� by Benellciary as provided
<br /> 1hAreln.In�ddhlan,upon reqUAttf 4f Tru9tor,Benollclary,at 8ena11clary's option, prlor to reconveyance of the Property to the
<br /> Truata►,mt�y make addltlonal lutur�advances to th�►Tru+tor.Suah future advancea,with Inlereat thoroon,shall be secured by
<br /> thi9 Oaed of T�uat wlien evld9nGAd by promlasory notas statlnA that sald notes are secured hereby;provided that at no tlme
<br /> sh&II thp seCUrpd princlpal and f uture advances,not Includlnp fluma advanced to protoct Iha security,exceed one hundred per�
<br /> cenl(100°/a)of tho origlnFl prinGlpal amounts secured hereby.
<br />' 11. F1Qi1�8t�IC19 CURIUI(i11YO.+All �emedles provlded In ihla De4ci of Trust are distinct and aumulative to any other righl or
<br /> . I remedy undor 9his Deed of T�u�t qr altorded by 1aw or equlty,anq mNy be exercised cunCUrrenUy.Independently or suCCevslvo• -
<br /> ly.
<br /> 12.�CC�l81A11Qlq Rosr.oslton;Sele.A default shall exist In the event of:
<br />, i (A) Any iraud ar misrapr�r3Hnt8tian by ii'ib Ttuai�r ►n oonnactlan wtth ihu Ilna at credlt�:h}Ch!h!S Oee�ot 7�u&!eeGUtAg;
<br /> iB) Any�ailure on the part v1 Ahe Tru9to►to meet the r6paym9nt lerms In roapecl to the Loan Ag�eement and any other ad•
<br /> vanGe+s under this Deed qf Trust hereby aecured;and,
<br /> (C) Any actlan by the Trust4r p►ohibited by the terms of the Loan Agreement or thls Deed of Trust or any failure of iha Trustor
<br /> to act as requlred by thr3 Loan Agreement or Ihis Deed af Trust,each ot which Tru9tor heroby agreea have an adverse e1•
<br /> feGt an the Beno}Iclary'e securlty tor the iine af credlt establlshed and the rlghts of the Beneticiary in such security,
<br /> and upon tho happening�f any such event of cfatault.6enqtiCiary may declare ali sums securod hereby immedlately due and
<br /> payablo by delivery to Tru9len ot written declaratlpn of delault.The Trustoo shall have the power at sala o)the Property,and if
<br /> BenptlCiary desires the proparty to bo sold, �t ahall depos�t �v�th Trustoo thls Deod ot trust and all promissory notes and
<br /> doCUmBnla oviUOncing exp9ndltures securad hereby and shall deliver to Trustee a wrilten notice ot detault and electlon to
<br /> CeuSe tha Property to be&old,and the Trustee in turn shall prepare a nOt�ce in the form requirad by law,which shall be duly fll•
<br /> ed for recprd by Trustea.
<br /> (A) Afte�the lapao 01 suah tlme as may be requlred by law following the recordatlon o1 said notice ot dotaull.and notice of
<br /> delault 2nd nolice of aale havinc�been glven as requlred by law,Trustee,without demand on Trustor,sha11 sell iho Proper-
<br /> ty on tho data and At thq tlme and placo deslpnatad In SAid nOtiCe ot 9ale,at public auctlon lo Ine h�ghest bidder,the pur•
<br /> chase prico pAyable In lawful money of tho United States at the Ilme a1 saln.The person conduct�ng tho sale may,lor any
<br /> ' , cause he deems aMpadlent,posipone tha sale f rom tlmE�to timo untll It shall be completed and.in overy such case,notice
<br /> ; ��c�ma�nm�
<br />
|