|
�5 ,- ��R'~' ' +�..i .••;�''_
<br /> ,. ' Y _ i'��.^"-.
<br /> „__ ' . .. ' =---- -- ----
<br /> - � ..._..� y . � ;»y�'.�jq,'�- -
<br /> - _,.� �, - - - _ .. _._ .__ .�.���t*"iti..
<br /> a�3�ios�r4� . . �-:
<br /> . .
<br /> notlflo�tlon to TrustM ae�d��rNMp.luy.In th��wnt�ny potlay h�rwnd�I�not nn�w�d on or b�foh 11RNn(16)day�prla Eo
<br /> � It��xpin�lor , t�'�nql�onqi�f�pl�ry nMy prooun woh Inrunna In�000rdana wlth tM provlWon�of P�npr�ph 7.
<br /> Trutla y�iq' 10 �Mt1�M�Y:�t�M�tK10�n�1 polblp of In�uran0�and n�wal� thK�of or ooplM of woh po1blM�nd
<br /> �wa��th�raat,�P��Iqra•tn.fum{�hi��ln�uranc��y TruNa,a an�wda�a aqulnd Mnun�Nr,�hall,�t tt�opt�on,o�
<br /> �flal�ry�qon�tltute s drlush��►Ill�nearn�d p»mlum�en Mnbr a�Nprnd to TnutN u addNlonal s�cu�lq.an��uiM�nd
<br /> aonwyuio�of thu Prop�rtY p�IfM TruatN�h�ll opK�t�to aonwy to ih�pu►ahwr th�Tro�tors Int�nat In�nd to all pollt�
<br /> ^=7- _�� of In�unrw�upon,tM Tni�t P�AA�ttY• �. -
<br /> -_�_ 6.T��nlf A�MN�-:Tnit�a►�hNl pay ail t�x�s lu�d�p�al�l as�uaments Uvi�d or���d ap�ln�t,or dua upon,tlw
<br /> Prop�rty b�iprq tNlltiqW�npy�nd wlli dNiwr to�HoUry coplu of noNpt�showlnp payn�nt of woh 1�a�d Nt�ol�1 _
<br /> a��IMnt1i..
<br /> d.11�11onN I.Mn�.TrwAar M�tl m�k��II p�ymmb ot Int�t and prinAlpal,and paym�nt�of�n►►oth�r ah�rpa�f�,�nd
<br /> uc�n�a aontt�oted ta b�p#ki ta�ny sxldlnp Ilm hotd�ra or prlor b�n�flalarUs un0�r�ny prlor DNd of Tru�t,Mortpap�or
<br /> otMr�wowlly aprlMnMnt,b�farA•tha d1it�th�y�n d�llnqusnt�nd to p�y�nr othwrolalm whloh J�opadlap tM s�awNy
<br /> -- — - �rntr.�ts�za�n.. -- .
<br /> 7.Prol�otlp�pl A�flt��t'�S�awltfl.Should Tnuta fall to make�ny paymsnt,fall to do any aat a�h�nin provldsd or If
<br /> �ny aotlan o►pf�d�n0���m�b whlah md�rldly�fhcts Bensflolary'e Intenst In the Propsrty� Inaludlnp,but not �
<br /> � �_..___"'�"� IImN�d to,�min�nt.dom�in,l��atvimay��n�np�m�nts or proaMdlnpn involvinp a bsnkrupt or deaedent,thsn 8�ndlol�ry or
<br /> ---- TruNN,but wfihout obllg�ilan�o do eo,and wlthout notlos to or demand upon Truator��nd without�luslnp T►wbr hom�ny _
<br /> -�?�� � ' olblp�tlon h�raund�t,m�y m#ko or dp t11�aams,and may p�y,purohaw.aoM�it or compromlas any�ncumbr�na�.cha�pa or
<br /> `��`t � Um,whloh M th��udym�nt of�t1ttM,app'aro to aH�ot sald P►opsrty;In sx�rol�inp any auch pow�ro,the B�nNlci�ry or Truates�
<br /> .:•,,:
<br />='�"�t� �f- muy lrtoyr a IIAbllity and�ocpa��vrh�t�n�amounte„Inaludlnp olebursemsnts of�e�wn�ble�ttomey's fMS,whloh In thelr ab� ___.
<br />,c��,��� . � r_,f. , �rn, sotuto disaretlon marb� n�o��ry:In•the event that Trustor ahaU fdl to procu►s Ineunnce,fall to psy t�uc���nd sp�el�l
<br /> �i��,�:'' ��ssm�Me o��fAll to rr�ks�nNpliYmonts to�xlaltoq or p�lor Ilsn holdsro or beneflolarles,the B�netlal�ry m�y prooure�uoh
<br /> `�.`���,', �A�, :•� Insuranos and m�ke euoh p�yrnenls.Al1 sume InauRed or expended by 8eneflolery orTrustee In aacord�nos wlth the provl-
<br /> � '�a�•� � ' ' slon�of the Oesd ot Trust�►e eecurad hereby and,without d�m�nd,ehell be Immedlate�►due and p�yabl�by Trwtor and shall
<br /> •r .,•s_ �- �. � � � bsar Intareat at 1ha rete p�ovtded fo�,advanaes undsr the Lo�n 1lpreement;provided, however,thd at ths optlon of ths
<br /> ,.�,
<br /> '� •��,j,��� ��'�"�`''�"��'` Ben�flaUry or Truate�,auoh aump rnAy P�e added to ihe p�lnolpal bataoce of any indebtedne4s ssoured h�reby and sh�ll be�r
<br /> . �lr'��Y..��_ �:.���'�i
<br />-_ ��-� • •.•�, the same Interest�s�uoh Indebtudnes��nd shall bs p�yabls ratably ovsr ths remNnlnp term thereof.
<br /> �- ;.��.�::� �� ��'°�; 8.Awipnm�M of Rmta.8enoildiary shall h�ve ths ripht,power and authalty du►lnp the cantinuonoe of thls Deed of Trust to
<br />_;;� ' �•' ��_:�.,,.s:�flt colNat the�rente,�insuea ond proHte ot ths Property and of any persoeal property located thereon wlth or without t�klnp
<br /> s::c•`r'::',-..
<br /> y•.��.��.• +}r-ti pos�asslan o1 ths Property�tfocted horeby,and Trusbr hereby absolutely and uncondltlonally�ialp�S all such r�nte,lesu�s
<br /> . . �;`•".-X' ����,''� and p�ofit� !a 8enailal�ry.9en�iloi�ry, however,hereby consente to the T►wbPs colketlon and�etentloo of suoh r�nts, �
<br /> `'�,:'"���. �� ��an��atlts as tlttry•�;.aruo and bac�s:a paYable',o lanp es 7ruslar Is aot,s!s�als l4me.!n ckfeult wllh raep�at to pe;+- ---
<br /> . . . �,..
<br /> . . •' �� ., , trnv�t��of eny Indebiadne� edeaured he�eby or In the performance of any apreement herounder. Upon any auch default, ___
<br /> ;,�;�:' � . 8en�ildfNry m�y at a�+tlrno,eNher In peraon,by apent or by a recelver to be appalnted by a cou►t�without notice and wlthout =_
<br /> �� � , •�;,..,,,� rep�rd to ths�daquAOyr oi any esawlty for the Indsbtedneea hereby eecured:(e)enter up�n and take poesea�lon of the Proper• ---
<br /> . ,�.. �,� ';:�,';;'�t ty o��m�p�rt thaeof�ntf In Ite own npma eue for or otherwlse collect auah rente,leeuea�nd proflta,I�oludinp those paat due ` __
<br /> -':�;;�,:: and unp�td,�nd appryr�the aame, leaa costs and expenaes of operetb�and colleCtlan,Includlnp reaaonable attorney feee,
<br /> ' :_,.',;H, upon arqr Irxlebtpdrt�s eeai►ed Aereby ond In such order as Benefialary may determine;(b)pe�form auah aots of repalr or p�o•
<br /> ; ,o-,;;.ti;,;;. •� tectlon as m�y b��saq�or proper to oonserve the vAlue of the Propeny;(o)leose the aame or any paR hereof for auoh ren• _--
<br /> - '>>'' � � tal term andup�n ecuh aonditlons aa Ite Judpment may dlotate.UnleeaTrustor end BeneHolary apree othe►wlae In wrltlnp,any �4"'
<br /> , , ��
<br /> x�.;.; r ,.. � �`''•:`., oppllcatWm ot re�►ts,lesuea or proflta to any Indebtednees secured hereby ehall not extend or postpone the due date of the In• =
<br /> � " • �`'�=�?�'' et�llm�nt p�ymmnts�s provided In the Loan Ap�eemeM,and the applloatlon thereof a�afo�esAid ehall not wdw or oure any �-"'`
<br /> ��" � ` �- dsfault or notlae of default hereunder or invelidete any aot done pursuent to suah notice.Trustor also aaalgns to Beneficlary, {.�
<br /> .,:�;, . •
<br /> • ' , , as furthsr eacurlty fa the performance of the oblipatlane aecured hereby,all prepald renta end all monlea whloh may heve �.i�•
<br /> , ; , been or moy he►eafter be depaslted with eald T�uator by any leasee of the Propprty, to eecure the paymeM of eny reM,and �
<br /> ' '� �� upon dstault In the perio►omnce o}any of the provlefons hereof,Trustor ayreea to deliver auah rents and depoalte to the
<br /> -' ' • '''•�;�� Beneficlary.Dellrary of wrliten natloe of Beneifloary's exeiclse of the rl�hta prented hereln to any tenant ocoupylnq eald
<br /> � � premlase ah�ll be suNlalent to requlre sald tenent to pey seid rent to the Benofiolary u�tIlluAher notlae.
<br /> :. • �:. 9.Cond�mndlon.NNtle to any part of the PropeKy shall be taken In condemnation proceedinps.by rlqht of eminent domein �'-',
<br /> or slmllar aatlon,or ahall be aold under threat of condemnatlon,all awarde,demages and p►oceede are hereby aeslpned and �f:�r
<br /> � • ehall be pald to 6enellalary who shall apply euah award,demapes a�d proeeeds to the aums aeaured by the Deed of Truet, �����;,,
<br /> ' wlth the excasa,If any. pald to the Trustor. �°'`-:
<br /> '�� .�,;��1 �-;� 10.Futun AOv�ncN.The Loan Apreement providea for advancea trom tlme to tlme to Trustor by Beneficlary as provided :
<br /> �'` � therein.In addltlon.upon requeat of Truator,Beneflclary,at Benef�lary's optlon,prlorto reconveyance of the Property to the
<br /> Truator,mAy make addltlonal luture advances to the Truetor.Suah future advances,with intereat thereon,shell be secured by �
<br /> • � thls Deed of Truet when evidenced by promiseory notea stetiny thpt aold notee are seeured hereby;provided thot at no time
<br /> .,' `� '' ahall the aecured princlpal and future advances,not Including sume advanced to protect the aecurity,exceed one hundred pe►-
<br /> '` ' csnt(100%)of the orlpinal princlpal amounts aecured hereby. !
<br />' � � � . ��'.'`' 11. R�m�dNs Cunwl�tiw. All remedlea provided In thls Deed of Trust are distlnct and cumulative to eny other rlght or
<br />- remedy under thla Geed of Truat or aftorded by law or equlty,end m�y be exeraleed concurrently,independently a succeeslve�
<br /> • ry, � .
<br /> ' ` + • 12.Aaql�r�tion;R�m�dl�r;S�I�.A default shall exiet in the event of:
<br /> . �
<br /> " (A� Any fraud or miarepreeentatlon by the Trustor In connectlon with the Iine of cradit wAich this Deed of 7rue1 secures;
<br /> � ' �.;,.,�` (6) Any failure on the part of the Truator to meet the repayment terms In reapect to the Loan A�reement end eny other ed-
<br /> • , vancea under thla Deed of Trust hereby secured;and, '
<br /> ' � ° ' ' (C) Any aatlon by theTrustor p�ohlblted by the terms of the Loan Apreement or thia Oeed of Truat or any failure ol the Trustor ;
<br /> to act ae required by the Loan Apreement or this Deed ot Trust,each of whlch Trustor hereby aprees have an adverse ef• •
<br /> � -�.•-� - - - -- - - I�w�n..�1�O�w�llwt�.u�� .aw..d�../n.�A�I�w�n�w►a.lb aN�hli�h�l end�lu�in6�e wi�tia Onwallwis.0 Iw�uwh��nurHv
<br /> [.., � : ..
<br />-. .__._._t_. .�.��.... ..w�v.•v.....�.�.. ...w..�� .v. ...........v. ......... .......�.............� ...�.. '
<br /> + .� r...�.r. .....�....�.a......� .....��"���_...�, .
<br /> • � ' � and upon the happenMg of any euch event of default,Beneficfary mey declare all auma secured hereby Immediately due and
<br /> � �` payable by delivery to Yrustee of wrltten declaratlon of default.The Trustee shall have fhe power of aale of the Property,and if
<br /> ��� � Beneflofary deslres th9 Property to be sold. It shall deposlt wlth Trustee this Deed of truet and all promissory notes and
<br /> � x ' �� dxuments erlaencinp expe�ditures aecured hereby and shell delive�to Trustee a wrltten notice of default and electfon to
<br /> R?� �
<br /> , U � cauae the PmRerty to be aold.end the Trustee In turn shall prepare a notice In the farm required by lew,whlch shall be duly fil•
<br /> ed for record by Truatae.
<br /> (A) ANer the lapse of such tlme aa may be requlred by law folltwinq the recordatlon ot sald notice of default,end notice ol
<br /> � , default And notice of aale havinp been qiven aa requlred by law,Trustee,wlthout demand on Truetor,shall sell the Proper-
<br /> �� ty on the dafe and at the tlme and place dasf9nated In sald notice of sale,at publlc auction to the hlphest bidder,the pur•
<br /> ; � � .
<br /> _ � o ' chaee price payable In lawful money of the United 3tatea at the tirne ot sale.The person conductinq the eale mey,for any
<br /> _: � .�' cauee he deems eKpedient,postpone the aale Irom tlme to time untll It shall be completed end,in every auch caae,notice
<br /> wa�o,s��roo� �
<br /> ��.
<br /> : —
<br />
|