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<br /> _�= �� �e��n to'Ttuat�and�cia�i tn tlre ersnt anXpnttcy hereunderts rtot r�e�red on or beiare fliteen(t5f ds3is(xior to �b -` _-�
<br /> s�'-�l ' '�' [is exPi►ation dat0.�Trustee a BaneflciarY rtqry►�uts such ittantanQe M ace�ot�anCa wttb tfie ptovbions ot i�ar�sph 7 .. < < �__
<br /> —._���� � T�u3tor shail dstirs►to Ba�fla�tAS orl�tnat,pdiid�s of inaunihae and ra�ewa�s tNerecf or copies oi ss�ch pcllctea and� _ .L--,�___
<br /> �io- .. y��io suct�insuraaos tifl T��.or ranerra l s a s r e 4 u t�e d.here�mdar,aAaif,at the aption of • r;,_,--�
<br /> � }. ranswats msr+�t. to Trautesassmitwna�aecurit�r.and a aAte and
<br /> �•.� � � BenetloiMt.�tuitu, . � A8 t�rt�sd Dremfwr�s asaelmre�Y� -
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<br /> -�- -. �. comsyn,Fe ottiii�the Tte�aitesahall oparsts to conrey ta tde ywd�as�the Tmator's�rrterast in and to a!i po11c[ea ` _� � �
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<br /> >'���� of i�urar�uPon the Trust PropectY• ; =
<br /> �-``=�''�' ` �r � 5.T�andAs�Trwtor ahatl paydi taxes and special asaessmants laried a assessed a�ainst,o►du4 uPon.the - `` ..` �,__
<br /> - - - p�ty p�f�s dslinqilsn�sy at�a N`t[I d e l i l e r t 0 B e n s t i C i u!►c o P f e s O t ro c e t P t s st�Ow�e�p P�7►�►t bf suCh taxes azW speCta� ��;__� __ _
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<br /> ' _ "��`,��� c a Adilt�M 6M�.T�sta dWt m�Tca W p�f►rtiertts oi trterau and p�i�dWS.��Wl►msnm of am►ott�ct�arOss.te�s.a�d< . °L ' �_
<br /> ` .�''=�-''c•.. � �cisti Mn hoids�s or prio►6eneflciarNs undsr u►Y R�Desd nt7rtu�Mort�a - -_-=_
<br /> - _ ��s c�cted�to o�pa�d to aaf► rg �,: ,,- -:
<br /> r--��-�- � ctlfer s�ca�itf►��.��tAe d�te tfisf►ua del�nilueM and to psy ar►y►otAer claim w�icA jeopardixes the a�u�it�r ��
<br /> Ad 11ltQll� . . , igH t0 d0 ifly�. �h!fl111 pfaYl�d Of�1 <:���y'�'``
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<br /> 'I• ��d�Me�s 5�d�SAOUtd Tiustar taii M maks any payel�en� .' .
<br /> {�. `�`..�- � . actlon br procnsdt!1�Is comm2nced whleh m�deriatty attecta�effdar3r's interss[in the Prope�h►.MctuidinD.but not . ''�:�?-_-
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<br /> �;�.^ :..:.�•.;�:'.;, yiinited t0.��doml►In:Insolwe�aS►.a�tanpsment�a�pr�ce�d i n p s i m ro t v l�a b a n 1 u u Pt or dscsdsnt,than BenaHd�ry.a - _:-.
<br /> �-��--',,� '. Tmstis.but witR�outablfpation to do a�and wltfwut notisss to a demand aponTa�stor,and wfthout releash+QTcustorirom ar� � :-�-.-
<br /> _-- �►, . _ a w o a t 1 o r r f�u n a e ti m h r make or do tns sai�e�and mar on►,�uncMrsa contest a compro�stas any encumn►anaa cbu�e a' � : -��""
<br /> tien,which tn ths�ment of eiUieraDOssts to atiqct sald FroRsrhti�ta exencisin�u►l►auch po�Y�s.�e B e n e f i c isrfl ar 7 ro s t e e , . . -----
<br /> may Inair a liabtitty and e�cP�!d whatavrr anaur�ts..lnciudh�p olsbursert�sn�o!rpsonaWe attoma�Ps tess�which fn tNstr ab� - -�..
<br /> , � aotut�dlscratia�ma�►��f►•in the evsnt tAat Truatcr shall fail to P�un fnsunr�c.s,hfl fl P�Y taxes and�� . - �__-
<br /> : :^~ � assessmer�ts or ts8 to m4ke anY PxY��to sxiaitAp or pttor tten hotders or bsneflclaries.the Bens u1►maY Procu�e . .' ' .-;-�_
<br /> F � �, � insu►ance and make auch paymaMe.AU aums incurrbd crexpended by Beneficiary or truatee in atxordance wlth the promb �_
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<br /> ' ` _1:.� `" -_-�.__ ` �aTons oTtbe Oeeif o!fitust�n!seeurod herobf►and.without A�rna�d�s�it m-tm�edluoh►dt�e an0 Payable by TniaMr and shatt � :_
<br /> . :-..
<br /> ,_ - • ��•�-- .°
<br /> � bsar IMerest at ths rate Provtded fo►sdvance.s under the Losn Apreemer� Provfded.however.tAat at the opiion ot ths --_..---. .
<br /> � • � ° BansfiqiarY ortruates.auch sums maq be added to t A e P r M c iPsl balance ot a m r indebtednesa aecured hereby ana shalt bear ( L � •.�..�
<br /> � ` - ths same iMerast as aucA Indebtedn�a�an d a h a l l b e p a y a b l e ratab h►over the remai�tn�tenn iherect. � •- . . . . ...
<br /> � � � w e r a�M a u t h o N t y d udn p the coMinuance of Mia Oeed of Truat to � �` � � � - � � .
<br /> 8.A��n t a!R r n l�.8 s n e t f�l a A a l l h a W�t h e�t�M.P o ! .
<br />. -- - -,..,, ' ..-�" -.. �--- Cpllact ths rents.iasues and p►ofit3 of the PmPenf►Artd of atry Peraonai propeRf►Iccated thereon wfth or without takirt� �. ::._._:__.:_.�`;'•,
<br /> � � , ' . � �. ppsssselon of ths Propsrty afMcted Ame by.a n d Trustor h e r e b y sbaolutety amd uneonditionaliy ssaiqns all such reMs.isaues p �:,
<br /> and proiits to Beii�ticisry.Beneficfary,howere�heteby conseMs to the Trustors cotiaction aed reteMion ot auct�reMa, I� -.
<br /> ��p����y acerus and bscome p a►y a bts so ton�aa Truator la not,�1 auch ttms,in dsfauit witb�psct to t� i. •
<br /> -- ir ' . . ` � meM ot any indsbtedneas secured her4by or in the pe[formance of ai►y a�reement herounder. {Tpon any such dshutt. �. .. .-. _.��"
<br />, __.,. 4.:-�`,�~:.:`— -_-.- g�clary rrtsy at a►Y time.eithsr in pe�son.til►apent ot by a recefirer to be spPcinted bfl a cowt,without rwttce and wttAout
<br /> ='--�---•__:-r-..
<br /> ' � re�ard to the adepuacy of any aecurit�r to�the indebtedneaa hereby aecured:(a)enter upon and take possesaion of tBe Proper• ��
<br /> - � ry or arn pan thereof an0 in Ita ownname syre tor or otAerwiae collect auch rontb.tasues and profita.inciuding t�oas past due `
<br /> and unpsid,and appty the aame.tesa coats and expenaes ot operation and coltectEon,ineludinp'roasonable attomey teea. i
<br /> - � �-� �°' � � upon aml tedebtedneaa securod herobY end in such order as Beneficfary may detennine;(b)pe�form auch acts of repair or pro- � _ _
<br /> - � • � tactlon as rtfay be nseaaaarY or Proper to conaerve the value ot the Property;tc�te�ae the aame or any pan hereof tor auch�en� ,_
<br /> - `i � ta1 term and upd�n such condltiona as its judqment may dictate.Unteaa Tn,stor and Benefictary apres otherwfae in writinp,any ;.
<br /> tr�. apptication of rents,lssuea or profits to any IndebteQness aecured hereby shall not extend or poatpone the dus d�te ot the irr ;
<br /> ;_? stailnfent psyments as provide0ln tM Loan ApresmeM.and the aDO�tcation theteet as atoresatd ahall not waWe w curo ar►Y j
<br /> - - - - •- ----� - det�ult or�otice ot defwlt hereunder or invatidate�ny aat�one pursuant to such nottce.Trustor atao aaaipna to Benettclauy, ; �
<br /> �_�.: �. . ..t�. .. « as turtAer aecuflty for the performance ot the obltQations aecured hereby.all prepaEd rents and all moniea wt�ich may have
<br /> y �baen or may hereatter be deposited with aald Troetor by any teasee of the Property,to secure the Daf►meM of any rent,and � -
<br /> � k . � � upon detautt in tha pe�lotamnce of any of the provislooa hereof,Truator agr�es to daliver such rents an�depoaita to ths ;
<br /> !�,, � - B�nsflclary.Delivery ot written notice of Beneificary'a exerciae of the rlghta granted herel'n to any tenant occupylnp eaid '
<br /> • ' � pramisrs aha11 be suHiclent ta require aatd tenant to pay said rent to the Beneflctary u�nil tuRher notice. ; •
<br /> _ _ . . _ .. ._ . ss .
<br /> - g,Cp�atfon.lf tRte to any p�rt ot the Property shall be taken fn condemnation proceedtnpa,by rlpM of emtnertt domain �
<br /> . �y l� � or similar action,or ahalf be aotd under threat ot condemnatton.atl awarda,damapes and proceeds are Aereby assiqned and �. � ..,-.•
<br /> • elt�tl bs paid to 8eneticlary whv s`i�all app{Y sucA awa►d,dama9ea ar►d proceeds to!he sums seaured by the Oeed of Trust, .
<br /> � with the exaeas.if arnl,patQ to tAe Trustor. �
<br /> �' � - 10.Futun Adwnps.The Loan Mreert�en!provldes for advancea from tlme to tfine to Truator by 8eneflctary aa provlded
<br />�• � � therein.tn addition,upon requeat of Truator.Beneficiary,at 8eneflc�ary's optlon,drior to reconveyance of the Property to tha , � °
<br /> �`� � ' • - Truator�may msks additlonat iuture advarrces to the T�uator.Such future advancea,with interest thereon.aha11 be aecuted by .
<br /> � ` � - tAis Deed of Truat wl�en evidenoed bY promlasory notea atatirtp that sald�notes are secwed hereby;provided that st oo time . . ,
<br /> � ` �� aAail ths aecured prinatpal ertd tuture advances,not Including aum�advancea to protect the seourity,exaeed one hundred pe�•
<br /> � � cen!(100%)of ths orlpinal principal amounts secured hereby.
<br /> ��:, � �� � � ��� � 11, p�nNdN�CumutatlM�Af1�medies provided in thla Deed ot Truat are Eiatinct and cumulative to any other ripht or . .
<br /> -`-�- �-����� �� � ��� ren�y under tbia Ceed of Trust or aHorded bp law or equity.and may be exerclsed concurrentiy,irtdependentfy or aucceasive� :
<br /> -� =i. . �y. , .
<br /> �� 3 ��,�opt�tion;pMn�dlrs;Sft�A default ahall exist In the eveM of: . �
<br /> _ ' (A) Any iraud or mtsroproaentation by the Trustor In cortnecttoe with the Ilne of credit which th�s Qeed ot Trust secures:
<br /> _..,-: - � ; ,. (� Mry faiWre on tlr�paK of the Truatot to meet the repayment terms in respect to the I..�aan A�reement and any other ad- . .
<br /> • vances un4e►Ihls Oesd of Trust hereby aecured;and, .
<br /> � - - • � �� - (�Any aetion by tfro7ruator prohiblted byt the terme ot the Loan Agreement or thls Oeea ot Trust or any failurs of tNs Trustar . .
<br /> �' • � �� to act as requtred by the tasrt Agraetttenl ot 1bFs Oeed of Twat�eacls o!wbicb Tnistor hereby agrees bave an adverae et- _ __ _ _..
<br /> �-�'`'� ��` -- ----'- - t�ot dn the 8eneflctaryPs aecurity for,the 11ne of credlt established and fhe rigMs of!Re Heneficlary in such security, . •
<br /> .��: ��S ..;:5'' . ,.
<br /> — �:i �• and upon t�e happening of any�ucb erenl of detault,Benettciary ma�r�eclare att sums aecured hereby immedlately due and
<br /> �'� payabte dy detiveiy ta 7n�atee o1 written dectuatlon ot defau�.The Trustee ahall have the powel of sate ot the Property,and if
<br /> i ' � Benefid(ary desires the Propeny to be aold,�t shatl Qeposlt with Truatee this Oeetl of trust and att prarmissory nates and - �
<br /> - �i; -' ' � doCUmeMs evit�encinp expenditures aeCUted hereby and ahall deHver to Truatee a written notice of detautt and election to
<br /> � , .�*. . _ca�ra�ihQP�oC�f�tatiesott�.ar�s�aTr�3aleaasda!l�pareaaottcelnldefanacequireObYlaw.whtCasAallbedWYfi1- , _�.. _ ---:
<br /> � - �. ed tar roco�0 bf►Tivatee. • � �
<br /> � .:.. .
<br /> `'' ' (A) Atter the tapas of such time as msy be requ�reQ by taw followlnp the recordatlon of ea�d notice of detault.and netice of v
<br /> � ` �"s�� • ��-�"� default ana notics of sats havlrtp�bsen plven as requlred by Iaw,Tnistes.without demand an Trustor.sha11 aetl the Proper• . �
<br /> `' �" '•'��� . ty an t11e dste and at ths time and placs desipnated in saU!notics of sate.at�ublfc auation to the h�phsst biader,the pur- •
<br /> � � ' oh�ss pBCe piyabte tn tawful mcney of the UMted States at thetime of sate.The pe►son cortduaNng the ea(e may.for pny , .
<br /> - „ '� .� � , � cauaa M deNn�a�cpadtent�postponsthssale irom tims#otims until it ahatl bs compisled ana M every aueh case,rtottce � �
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