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<br /> nc aatlon to Tru�tee and B�naflolary.In ths ev�nt any polloy hereundsr le not rensw�d on or b�fors fllte�n(15)days prlor to
<br /> � Its�xplratlon d�t�,Ttu�tN or B�ndlal�ry m�y proaun ouoh In�urano�In aaoord�no� wlth th�provldons o(Par�praph 7.
<br /> _ ,`} Tru�tor ehall d��lver to B�n�flol�ry th� oripind poqcfo�of inwr�na��nd r�n�wds th�rwf or copi•�nl ouch pottoles and ° - -- -_-
<br /> , r�n�wals th�r�of. Fallun to fumUh wah In�uranao by Truetor�o►renawal4 aa raqulred hereunder, ahall, at the optlon of --- -- ------- -
<br /> � ,,.. '� Beneflcl�ry,constltuts a delu�lt.All un�arn�d premlums ars h�reby asslpnod to Treute�as�ddltlomi ssaurlry,and a sale and ���.:�----
<br /> ,,;.'�`Y�iQ"`": convey�nc�of th�P►op�rtr by th�T�u�tw shdl operot�!o convsy to tlw purohas�►th�Tro�tor's Inta��t In and to all pollaN�
<br /> -;---�-�---, �-.. of Inaurancs upon the Tn�it Prope�ty. -_ -� --_--
<br /> � ' 6.T�xa and A��nNM�.Truetor eh�ll p�y�I I taxes and spealol aaeesemente levled or asoesesd apaln�t,or due upon,tho E�:= �� -
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<br /> F Propsny befor�d�llnquenay pnd wlll d�llv��to B���flol�ry ooplee of nadpte showlnp payment of euah taxs�ond�psolal
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<br />�'��••• • �• �' " • 8.Aadltion�l Ll�n�.Trustor shell m�ke all p�yments of IMOrost a�d prinalpal,a�d p�ymente of any other oharpea,feea,and _
<br />"` �;' ��.� expensee aoniraated to be pNd to any exlstln�Iten holdere or p�ior Uensflolarlee under eny prlor Deed of Truat,Morty�ps or _
<br /> ' °��'�� , otha asourity apreem�nt. bsfas tM dat� th�y are dNl�quent �nd to pay any other clalm whioh Jeopardlze�the saourity ---_-
<br /> � - • • pnnted heroln. _ �`n�"_".-
<br /> . 7.Prot�ollon of O�ndkl�ry's S�ourlty.Should Trusto►fell to make any payment,fAil to do any aot ad hareln provided or If
<br /> ;��,;. . any actlon or proceedin9 la oommenced whloh materlally affeots eeneflclery's Interest In the Proparty,Includinp, but not __
<br /> . �;�� v Ilmlled to,eminant domaln,Insolvenay.arrAnpementa or proaeedlnps Involvinp e bankrupt or decedent.then Beneflolary or _
<br /> Truetee,but wlthout obll�dion to do eo,and without notice to or demend upon Trustor,and without�eleaslnp Trustor f�om any
<br /> .� •:.Ft:: " olb �tlon hereunder,rnay make or do ths eAme,and may pay,puroh�ss,contest a compromlee any enaumbrance,oharqe or � .
<br /> �- .. Ilen whlch In the�udpment of elther appears to aifeot eald Propeny;In exerclelnp any auah powers,the Benef Iclary o�Trustee � -
<br /> � �`� - may inaur e Qabllity and expend whatover amounis„Inaludln4 dlsbursementa of reaaonable attomey's feea,whloh In thelr sb� ��-��- _ -
<br /> •: '°� eolule disoretlon may be neosesary.In the event that Truetor shall fall to proaure ineuranae, fall to pay taxea end apeclal �`Y, �Y _ •
<br /> •, � s, asteesmente or fall to m�ke any peymeMe to exlaltnp or prlor Ilen holdere or benetlolarles,the Beneflalary may proaure such __
<br /> ' Inaurance and make euoh paymenta.All sume incurred orexpended by Beneticlery or Truatee In accordanoe with the provl• �
<br /> � ' " slons of the Deed of Truat are eeaured hereby and,wlthout demand,ehall be immedlately due and pnyable by Trustor and ahall ��,�
<br /> � beor interest at ihe rete provided for advances under the Loan Apreement; provided, however, thet at the optlon of the s' -
<br /> ' • BeneflclAry or Trustee.euch euma m�y be edded to the prinaipal balanoe of eny Indebtednesa aeaured hereby and aholl baor - • �•`-���'�
<br /> � the tame Interest ae suoh Indebtedness and ehall be payable ratably over the remalnlnp term thereof. ��.u�_
<br /> � �' 8.Asslpnm�nt ol R�nts.8e�eflclary shell have the riyht,power and authorlty durinp the condnuenae of this Oeed of Truet to -�,°.�
<br /> aollect the rents, Iswsa and proNte of the PropeAy and of any peraonel propeny loaated thereon with or without takinp �,".�yhs;,{�--
<br /> ' " , , paeeesaton of the Property affected hereby,and Truntor hereby ebaolutely ond uncondltlonally aselpns all auch rents,leauea " �:°.' "
<br /> • • and proflts to Beneflclery. Be�eflolory. however, hereby coneents to the Trustor's collectlon and retentlon of auch rents, _
<br /> ., i�eues an�profiis�a ihny�oarue and be�,arsie payabis sa tonp as Trusiar!s nai.at such 21ma,!n dotault Lylth respsc!to pey- ----_�-�� -- -
<br /> ment of any Indebtedneee secured hereby or In the per(ormence of eny apreement hereunder. Upon eny auch default. .��`� -._--
<br /> Beneflclary may et any time,elthe�In peraon,by egent or by a recelve�to be appolnted by e court,wlthout notice and without �''�`�"���:-_—
<br /> • '�'� re�erd to the adequacy of eny aeourity for the Indebtedneee hereby aeaured:(a)enter upon end take poasesslon of the Proper• . • =':�'
<br /> ty or any part thereof and In Re own name sue lor or otherwlse collect such rents,lesuea and proilts,includlnp those pest due . �_._* '''
<br /> and unpatd,and epply the aame,leas coata and expenses of operatlon and collectlon, Includinp reaeonoble attomey feee, .• � 5�.:�._��,
<br /> � upon any Indebtedneea eecu�ed hereby and In suoh order as Beneflclary may determine;(b)perform such acts of repalr or pra ..t �=��: 'a.
<br /> ° •• � teotlon as may be nace�eory or proper to conserve the value of the Property;(c)lease the eame or eny part hereof for such ren• .. . '�'�'tO
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<br /> � - tal term and upon euch condltlons ae Ita JudqmeM may dlctate.Unleas Truetor and Beneflalary apree otherwlse In wrltlny,any �
<br /> � epplicatlon of renta,lesuee or proflte to any Indebtednesa secured hereby shall not extend or poetpone the due date of the In-
<br /> f atallment paymenta ea provided In the Loen Apreement,and the appllcatlon thereof ae eforeaeld ehall not welve or cure eny �.� •J ,, .�,.�°f s`' _
<br /> F •'� defoult or notice of def�ult horeunder or Invelldete any act done pureuant to auch notice.Truator also aselpns to 8eneflolery, � • �'�tt"."i',_
<br /> . ' as fu�ther eecurlty for the penormance of the obllpatlons secured hereby,all prepald renta and all monlea which may have � ,
<br /> been or may hereafter be deposNed wlth aald T►uetor by any leaseo of the Property,to sacure the payment of any rent,and �
<br /> upon default In the pe►foramnco of a�y of the provislona hereof, Truetor agreea to deliver euch rents end deposits to the
<br /> - 8eneflolpry. Oellvery of wrltten notica of eenelflcary's exerclse of the rlphts granted hereln to any tenant occupylnp sold � ,, i_
<br /> ' p►emisea shall be aufflcient to requlre sald tenant to pay eald rent to the Beneflclary untll further notice. � .;.��,;.
<br /> • a 9.Cond�mn�tlon.If title to eny part of the PropeKy shall be taken In condemnatlon proceedlnys,by►lyht of eminent domeln � �. �G-
<br /> or elmllar actb�,or ahall be sold under threat of condemnetlon,ell awards,dema9es end proceeds are hereby assiqned end ; ��_
<br /> ` shall be pald to Benef�clary who shell epply euch eward,damepes end proceede to the aum4 sacured by the Oeed of Trust, I � ��;;,
<br /> wlth the excoas, Ii any,pald to the Truator. � •�•t+�r-
<br /> , 10. Futun Adv�nws.The Loan Ayreement provides for edvances from time to tlme to T�uator by 8eneficiary as provlded � ��
<br /> thereln.In eddltlon,upon requeel of Trustor,Beneflclery,at Beneflclary's optlon,prlor to reconveyanae of the Property to the
<br /> � • Truetor,mey mAke addltlonal future edvancea to ihe Trustor.Such future advences,wNh interest thereon,shall be secured by
<br /> thls Deed of Trust when evidenced by promiseory notea stating that safd notes are secured hereby:provided that at no time
<br /> shall the aecured princlpal and future advancea,not Including sums advanced to protect the securlty,exceed one hundred per-
<br /> cent(100%)of the original principal amounts aecured hereby.
<br /> 11. R�m�dl��Cumul�tiv�. All remedles provided In thla Deed of Trust are dlstinct end cumulative to any other rlght or
<br /> - remedy under this Deed of Truet or afforded by lew ar equity,and mey be exerclsed concurrently,Independently or succeaslve-
<br /> �y .
<br /> 12.Accd�ntlon:R�m�dNr.Sd�.A default shall exlst In the event of:
<br /> (A) Any fraud or mlarepreaentatlon by the Trustor In connectlon with the Ilne of credlt which this Deed af Trust secures;
<br /> (B) Any fallure on the part of the Trustor to meet the repeyment terms In respect to the Loan Aqreement and any other ad-
<br /> vancee under thlB Deed o}Trust hereby secured: and,
<br /> ' ? (C) Any actlon by the Trustor prohiblted by the terms of the Loen Aqreement or thla Deed of Trust or a�y fallure of the Trustor
<br /> to aCt as requlred by the Loan Apreement or thla Oeed of Trust,each of whlch Trustor hereby agrees have an adverse ef-
<br /> " _ _n___u_�..�..�� � ..u..I...��...n......1...�wu..��..wue�...� ....w ��.. .�..w�e..t�1.e Oe..a�lnlerv In curh aonur{fv
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<br /> and upon the happening of any such event ot delault.Beneflclary may declare all sums secured hereby immedlately due and
<br /> payable by delfvery ta Trustee of written declarat fon of default.The Trustee shall have the power of sale of the Property,and if
<br /> ' Beneficiary deslres the Property to be sold, It shall deposft wlth Trustee thls Deed of trust and all promfssory notes and
<br /> documents evlaencfng expendltures secured hereby and shall deliver to Trustee a wrltten notice ol default and etectlon to
<br /> cause the PrnFerty to be sold,and the Trustee In turn shall prepare e notice In the form requfred by law,whfch shall be duly fi1•
<br /> ed lor record by Trustee.
<br /> �A) After the 18pse of such time as may be requlred by law following ihe recordatlon ot sa�d not�ce ol defaulL and notice of
<br /> � defeult and notice ot sale having been given as requlred by law.Trustee,wlthout demand on Trustor. sha11 seil the Proper•
<br /> ty on the date and at the time and place destgnatod In sald notiCO of sale,at pubtic auctfon to the hiphest biddcr.thc pur
<br /> �i chase prlce peyable In lawful money of the United Statea at the tlme of sale.The person conducting the sale may,lor any
<br /> I cause he deeme expedlent,poetpone the eale(rom time fo f Ime untfl It shall be complete0 and,in every such case.notfce
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