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<br /> . _ i , � -, < < < i . . ` 9�- ��os3,�S 4 ` . �
<br /> - � I;eader: � The� foregoing: �aa�cranties and representations,�_ and
<br /> — • � � Borro�r'�s obTiqatioris pursuant to the ��orgqaiaq is:demnil.g. shal�
<br /> � •surv'�ve repaymeat of the Note and the reconveyance o£ tlsis` Deed . -
<br /> ' � • of Txust. . < < . <
<br /> :=�— — — � , . - `9. Assic�eut af Rents �lanagement of Pr e . As ' -
<br /> _ :;:`_ . � ` additional' secnY-3tp, erennder, Horrart�ex he�e ass gns to 3.gnder , ; _
<br />- _ � . .the reats, issues and pr��its of tlie Prop�erty. Provi.ded that -
<br />�_-- , Borrt�ter �shall, priwr to acceleratf�n �u�nder_paragraph 11 hereof
<br /> --- Qr abandobment. af t$e Propertp. have the right,,to col2ect; arnd: - . '
<br /> — retain suCh `�Ceats, issaes and profits as they becQms due and�paY-, ,
<br /> - able. IIpon accelerat�.on or abandom�ent of the Prvperty, Lender � _
<br /> n� + map, either in persoa oi by agent, �i.th or w3tbcat.brinqing auY '. .
<br />•�_�y . � . `action or pr+oceeding, �or by a receiver appointed_ bp a �aonrt and � _ _
<br /> � cvithout regard to the adeqnacy of its se�curity• enter npon ,and —_-_—
<br /> ,K�r�. � take posses`sfoa of .the Prepertp. �or any�part thereof, in ita oWa �`=
<br /> ti- � ` name ar i.tt the name of the Trastee,. aad do aap ac�s .which it l'��==-
<br /> -��• deems necessarp or desirable to preserve the value, ma�rketabi2ity - ��;,�N
<br />- � , or zentabiiity of the Prop�rtp.= ax any part thereo€ or` iaterest �"e1`
<br /> �' -
<br /> therein, increase the fncane therefrom or protect� the secarity � -
<br /> n
<br /> hereof ancl, aith or �ithont taking possession of� the Propsrty, ,
<br /> - •-x.�� - .,
<br /> , ,�: sne for or othez�ise colleat the rents, issn[es and profits � �� �.r`_
<br /> -.t°:: �'.."��. " ther�aof, inclndinq those past due aad unpaid; and apply the same. �.
<br /> - 3: �:` - lese costs 'and eapenses �of opera�ion ancT colTectioa, facluding . �.-� =��
<br /> �>��:���'�•.,:"`;�.. , -
<br /> ' ��'�'--�.4�-� attorneps• fess, upoA any indebtedness secnred. hereby, all in �
<br /> `•�-��.-..,�"'�.��•---;g=. snch order as Lender ma determine. The ente�ring upo�, and tatc3nq �~;'��°�>�:.� "
<br /> y , .-���- __
<br /> : , ;�,=.��:;�;,. .�'.=�'f- � possessioa of the Propexty, the colle�ion of.such reats, issaes ....',,--
<br />_ . ��; �- aad pxafits anS the applicatibn fhheneof as aforesaid, shall aot , �•'_.�, _,.-�
<br /> ` ,h��°{�='�' � care or Kafve any defanit or� notice of defau2t herennder or �-.:�
<br /> 3;A;�r�:r •'
<br /> . L--��.;r,. ianali8ate anp aat done in respo»se to such default or pursuant� _ :. �--�-,�
<br /> _+�,'�: �,;�.� .
<br /> �:� _�� ta snch nottce of default�and, notwr3.thstaa8ing the continaanae in ��_�-_—
<br /> ,�.:�:.. . ��`:�_� ---
<br /> .'�;:;'-.'_�,:~:..:.,_ . po$session of the Property'�or'the collectivn, �eceipt an8 -applica- -::� -
<br /> =. r� Y:�-.�•��'� tion of reAts, issnes or proffts, and �rustee and Lender slu�ll be �.'�=�'�
<br />- " � eatitled to exercise every riqht pronided foz in anp of the boaus "'�a"���"�
<br /> � instrumeAts or by law npon occurrence of aby i3vent of Default, "�.�'
<br /> :'`u ,.. . _,.....;: �.. .�;:
<br />- ' incluSinq, witbont limi�ation, the right to exsaccise tbe po�er of _ �-.
<br /> . . � � sale. Further, I.ender's rights and remedies nnder this paragzaph ��,�� �� � �'�
<br /> = � � � 9 shall be cu�antlative With, and in tto way a limitation on, ,�'
<br />°= �� � � Lender's rights and rentedies undes aay Assiqnment of I�eases and '''
<br /> ,.: . . , �rt . . ' .;rr
<br /> ��' A= ����; � ` Reats recorded agafnst the Property. Lendes, Trastee and the . y--
<br /> _ ' � � �. � receiver shall�be liable to account bnly for those rents actua�ly �z `, .� . ` `
<br /> � • � . .��� � received. � �: . s .
<br /> 3•— .. . >.� ._' . � � _
<br /> L �U � 10. Events'of Default. The �ollowing shall canstitnte ' ..
<br /> =;:��,,� : aa 8vent o£ De�au t un8er s Deed of Trasts � • �. �
<br /> . . . . .. .�
<br /> . � ��:�•� ., �
<br /> _ .. _. .
<br />:_ . .�- (
<br />_-� �. rt��` �`:. � . lment of
<br /> ta) Failure to pay any instal �
<br /> ._ _ .�'. _:._...._::.:
<br /> ; ��::' ��• principal or interest or a�y other sum aecured hereby � ; , . �
<br /> � __ �� � When due, or failnre� to pay when due any ot2ter indebted- � � ! ,
<br /> 'k.� _ , `+�`"._... _ .� . ness of Borrower to Lender t . � '
<br /> . � . � ..- -
<br /> _ �. • � , ,
<br /> ' �� � tb) A breach of or defanit under any provi- -. ,
<br /> ,: •....-.
<br /> � - ��: E-: -;. ..
<br /> � , sion contained 3A the Note, this Deed of Txust, any of �
<br /> �� '�r�' � the Loan Instruments, or any other encumbraace upon the r.: �
<br /> �•� ' = % � ' Property, after giving effect tio any appliaable care �
<br /> x.._.
<br /> ., . =�;_,� �. •' : �: � perial aontained therein� � � .
<br /> ._ : tN�_. , ... •_ � .� .. .
<br /> ' ;-.�,� .� (c) �i writ of execation or attaahment or a�ay • ; . . .
<br /> ��;�;•�:: ;:, .: ' similar process shall be e�►tered agaiust Horrower which ; � .�
<br /> . . shall become a lien an the Prope=ty or any portion � `
<br /> � � ���.�.- , therepf or interest.thezeint . ;
<br /> .:_� . � , �-:.- -:.-.---=:
<br /> `�" � :} . ��y There shall �be giled by ox, aqainst � . ; �
<br />_ _y�y_-- �;�'"�"�:-::• Horro�er ara .aatiora under .any prese»t os futnre federal, ° _ .
<br />� , �� ` �� ���«-� atate ,or'other statiute, la�v or requ2ation.relating to ; . ' ••
<br />_- . '�"�.` `. . bankruptcy, insolveacy or other relief gos debtorsf or - �
<br /> =`.��� ;����;'^ there shall. be appointea anp trnstee, receiaer or .
<br /> "� i' liqeii.dator o£ Horrvaer or of all or any part of the �
<br /> E .•: .__* � ;
<br /> ;; °, ��, Property, or the rents, issnes or prof3t.a �therAaf, or i
<br /> - �rra►ez shaii make any generai assiqament for the � � �
<br /> , /.__ ._ . -- � beaef�t o! credi�ors= _. _ . ,. ..._ _. .. - -- . : . _---------_
<br /> ��= , . � .
<br /> �;� . I� „ . . � � � . .
<br /> � � � � � � � � �
<br /> ;
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