|
_�I . , ..'_ . . .,::t" I YM�w'..,. R .C"�'^'�^'�..'�"""'" . .. . ... �. .':s+�— -
<br /> �. .
<br /> , EY
<br /> � . ..
<br /> � .._ .�_.._.
<br /> . � ,� � r � ..,. - -----
<br /> `, .� ; _ ...�.-..—_...—.------
<br /> ��
<br /> -:.��:__�.�..�:� . . .. � 91-- 105475
<br /> _ ;
<br /> —�� • .
<br /> .���o ---� �_
<br /> 'u� ^
<br /> ���
<br /> �° -`'.��x paraqraph stzall require Lendor to wak� any ouch disburs�nt� or r
<br /> .!`, talc� any aation whatso�v�r.
<br /> -- _�_�. �,� 7. Landsr may malco or cauaa to ba a�d� r�a�onabl� wntri�s �
<br /> �-�-v----°;� upon and inspeatfon o! the Property. ,
<br /> .E,�_.�c:,.coLa .
<br /> - --�°�-:�� � 8. The Froaaeds o! any award or alai�n tor damagss, dirsat � ,
<br /> -u��_, �-.�n,� -
<br /> �_=�,:i���_ or aonsoquantioi, in aoru�aation with aray aondemnation or oth�r �
<br /> '�`-�'�• takinq o! th� prop�rty, or pert thoreot, or !or aonv�yana� in
<br /> ''�-"`�` li�u o! aondamna�tion, aro hareby aaaiqnad and ahall b� paid to
<br /> �,:,.,�.
<br /> ���� IwrW�r to th� �xtont o! th� fuii amount o! th� r�aininq unpeid
<br /> -� -�v:�� . ind�bt�dn�sa ssourad by this Truat Da4d.
<br /> `.,i��3�r"��"• -
<br />--��--�- ____�T..=y�,�.- -� 9. IP the Lender iesuea a partial reloas� o! thia Trust - -
<br /> "�"-'"���°`� ' D�ed, tho proaaada reaeivod tharatoro ahall ba areditod to the �_�
<br /> ar.��d��c`r� e
<br /> -�;,> >;,,, last aaturing inataliment� o! tha indobtednos� soaurod hor�by.
<br />; . �, . .
<br /> ;�."� ' �>;.. �
<br /> ;�.•�m Y
<br /> z- . 10. It tha L'endar oithor voluntarily or involuntarily
<br /> -�T'*�� �, �, bocomo� a party to �ny suit or laqai proaeedi�q brought by or --
<br /> '��'ra� #F e gainst th� b�rrower rolatinq to tha property, Hote cr this Trust =
<br /> —���.s i' .,:
<br /> �� r;,�4r " D�ad, thon 8orrowar will roimbursa tha Lende� Por all aosta and,
<br /> � F . .;,,„,�:,;�.: to th� �xt�nt parmittod by law, reasonabla dttornoy laos incurr�d ---
<br /> i�
<br /> °�. ��� - •• ' by th� I�ndor raiAting to suah Buit or legal proceadinga and 4aid
<br /> .lr. V�l
<br /> �=:� '� sums shall aonatituta additional indabtadnaaa aoourQd by th s
<br /> _"'� �-�,,;�ti.; Trr-u�� Da�d a�►d 1�ar tntazast at the rate payable ut�der Ch� No��, �-
<br /> '�y}' �, until paid.
<br /> -�. .�. ..��,,r�
<br /> 1"" '� .�ir�;. �• � 11. 11s additionai aQaurity Borrowar doas hereby aseign,
<br /> ''��' � translsr snd sot over to Lender, in aase o! doPault in tha
<br /> � •'�'�-�:''' ���` � portormarfa� o! any of tha twrms or conditions of this Trust Desd, �_,
<br /> : �. ;° - tha Noto, or tba terma of any indebtednesa aeourod horoby, all o! �=
<br /> ���`��' th� rent4, r�vonuea and eny inaome o! any type whataoever to bo
<br /> � "�� � - � darivod from tha Pro ert , includin land aontract a anta.
<br /> :::�`.. .- • P Y 9 P Ym r�_.
<br /> � , L�nd�r, in parson, by agent� or by reasiver, without raqard to =�_
<br /> � th� 4oiv�nay or iaaolvenay o! the Borrower or tha value o! the
<br /> • � � �4�` �- �• proparty shall b� �ntitlad to taka pooaoasion o!, ropair and r�nt �•
<br /> , ,�,�� ,��' th� proporty and to aollact the renta, revenueB and incoao �
<br /> .,. o ,, thar�trom and it may pay out of eaid inaome all axpensoa o! —
<br /> "' ropair and coata inaurred in rentinq dnd mnnaging tho proporty =
<br /> � ��:�;�.:� � and aollsatinq rontdls and !or paymant o! insuranas pr�►ivas with �.,;
<br /> ' t�«�•.• any ramaininq bnlsnao to ba applied to the laet maturing payments
<br /> � ��'�� -�� � o! tha dobt sacurad hereby. Upoa prasanting a aopy ot thi� Trust �
<br /> Doad and dnmaed to t�ny lease, tanant or contraat purchasar of tho !-.
<br /> ,.yh
<br /> �� � . ._ . � proparty, suah paraon ohall pay all rante, paymonta and prolita F
<br /> . '.. �� aaaruod or th�r�altqr aacrufng to tho Londer until lurth�r notias I,�'
<br /> .. � � .. �. lr4m th� i�nd�r. _
<br /> �=
<br /> �o • iZ. Z! all or any part of the property or any interest �����
<br /> �. �� therain i� daeded, eold by land contract or otherwise convoyeal, �
<br /> - alionatad or lurthor onaumberod whether vcluntarily or ,
<br /> ., ' involuntarily without I.ondors writt0n consent, or if Borrower is
<br /> a corpordtion �nd thara ie a change of ownership o! 50� or more ��
<br /> • o! tha aorporation atoak or i! the Borrower ia a partnorahip and
<br /> ° thero is a ch�nqa in memberahip of diesolution o! the �
<br /> --� � pe�rtnorahip, oxaludinqs �
<br /> ' (]1) A trenslor by operetion oP law upon the deeth of tha �
<br /> ,:. joint tonant
<br /> . �.
<br /> � (S) Tha grant o! any lease hold interest not containinq an
<br /> option to purchaoQ with the 1Qase term of two years or less :
<br /> ;,�fu (C) Any changa occura in the condition or alfairs
<br /> , (linanaial or othorwiao) ot tho Sorrower or if any Guarantor of �
<br /> truat dend whiah, in tha opinion of tha Lender impairs the
<br /> Lendor�s aacuritiy or incraaaes its risk with respect to trust
<br /> daad nota, than Landar may, at ita option, declare all swas
<br /> ' socured by thi4 Trust Dead to ba immedfately due And payable. In ,
<br /> ,
<br /> � �
<br />
|