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<br /> ,,,� to oommenoo, appeer in and prosncute in ite own neme eny eotion � �-
<br /> - ' or prooeedinqa, and ehall aleo be ontitled to mnke any oompxomiea ; . . . . 'Tr=...,_
<br /> � ,?,'� or eattlement in aonneoL•ion with euoh taking or clamaqe. In the • _"
<br /> ' `• event any portion of tha Propaxty ie so taken or dumaqed, 8enefioi- t� r". _
<br /> ' � nry ohall have the optlon, 1n ite eolo and absoluta d�sorotion, ,� _
<br /> ` ,. ..li; to apply ail suoh Proceade. aEter deduoting hherafrom all aoete � _�y �,_
<br /> �����r :: =::'_ end expenees incurred by it in connaotion with euch Pr0000dn, # ,_,;:::'; "`r"`:'
<br /> ' '.''t'.�,• 'L,-; upon any Sndebtednees secured horeUy and in euch order ae eonofiai-
<br />�`''�'-`•�`����v±`i: ar ma determine, or to a 1 ull ouch Proceede, afher suoh
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<br /> deductione, to the re9COration of the Property upon euch conditione j . .; . �.r.._. ,-
<br /> ;.:._ �{ ae Hanei•iciary mny detormine. Any application of Procaedo to � �
<br /> } . .,_;,.. :,,;: indebtedness ehall not extend or poatpone the due date of any M . �",
<br /> . � payments under the Note, ox cure any default thereunder or , +� � :
<br /> -- ' ` hereunder. " ' "'
<br /> .' S -1`1 , y#^ : .
<br /> ' �, 7. Perfornance b Beneficiar . In the event of � ��� �' ''
<br /> � y � lyW....
<br /> ;'•;s� Truetor's failure to perform any o t e wvenante herein or �rake ;,r,�;.„�„Ry,N��:r�,_
<br /> any paymunEs reyuired hereby, or if any act ia taken or legal -
<br /> , ._,- proceedtng commenced tvhich materially afsecta eeneficinry's k � ' ,� :
<br /> � 'y'i = intereat in the Proper4y, Henaficiary may in ite own diecretion,
<br />-r• ' <�tiF. but without obliqntion to do so, and without notice to or demand `r " ,��,: ,`•`�;
<br /> �.;`' � � upon Truel•or, and without reZeaeing Truetor from any obligatian, �� � ;�- %t'`
<br /> do any act ��hich the Truetor Uae agreed but faile to do and may ` " � � �
<br /> also do any other act it deeme neceaeary to protect the security `;��%,��_
<br /> hereof. Truator ehall, imme�iutely upon �emand therofor by •-��:�r«�.;�i-..
<br /> ' ` Baneficiaxy, pay to Beneficiary a11 coeta end expenses incurred 4 "�. ' ""'��""
<br /> and sums oxpended by Henaficiary in connection with the exercise p".'. -'' �`` "''4S'.
<br /> � by Denaficiary of the foregoing righta, together with interest ? : „' ��'�'`
<br /> , : : :.cte ;7 " � � ��_ �u'.-
<br /> --�+y7'� c�it3a8vTi ni it'i'v u'aiwUat idt� provided 1: 7".12 � ti}1�CZi ^ `.3.. E � -- :-
<br /> t �� ndded to the ind'ebtedneea secured hereby. Beneficiazy shall not i, ;�� "
<br /> incur eny liability because of anything it �ay do or omit to do ,�i �; �76,`
<br /> ; ���; ; '' �, 4
<br />,r n � ;'k hareunder. �
<br /> °1 .;�.:.`r}:;i`... :.j-. . �_..,
<br /> � ' �"'6^ •. 8. Assignment of Rente Mana emant of Pro ert _. rs �•; �.
<br /> •, .}� �— g--- P Y (!t
<br /> ji�; additional aecurity hereunder, Trustor iere y ass gne to , � ;,
<br /> r,�,-�; Deneficiary the rents, iesues und profite of tlie Property, �, s
<br /> provided that Trustor shall, prior Lo acceleration under � '�
<br /> :1 �' para9raph 10 hereof or abandonment of the Property, have the = � ` `�
<br /> right to collect und retain such rents, issuee and profits ae ''' " ��v
<br /> ,;ti: y . � ,,I;},,
<br /> ' they become due and payable. Upon accelerution or abandonment of , �.•.,,.,;,
<br /> :'�':� .
<br /> :,, i,i�a ra�Neriy� neneficiary mAy, either in person or by agent, with .• "�`::�`
<br /> � or without bringiny any action or proceeding, oc by a receiver ;� �'%',,, �,:ii:.`;�:d�:�
<br /> appointed by a court and without regurd to the a�equacy of its ; - ';��;�r.;;ij;f�r;;:�
<br /> socurity, enter upon and tnke posaesaion of che Property, or any � . , :: r,;,;,te;;,;�::
<br /> part thereof, in its own name or in the unme of the Trustae, and +k ".
<br /> do any acta which it deems necessary or deairuble to pr.ctaerve the , ";' ': �
<br /> value, marketability or rentability of tiie Property, or any part � . "' , ,
<br /> . tltereof or interest therein, increase the income therefrom or •
<br /> protect the security he:eof and, with or without taking �
<br /> ' � possesaion of the Property, sue for or otherwise collect the _ .
<br /> rents, iasues and profits thereof, including those past due and
<br /> � unpoid, and apply the same, lesa coats and expenses of operation
<br /> and collection, including attorneys' feea, upon any indebtedness
<br /> secured hereby, all in such order as oeneficiary may determine.
<br /> Tl�e entering upon and taking possession o: the Property, the
<br /> collection of such rents, issues and profits and tlie application
<br /> tl�ereof as aforesaid, sl�all not cure or waive any default or
<br /> , notice of default hereunder or invalidate any act done in
<br /> respaise to such default or puxsunnt to such notice of default
<br /> � and, notwithstanding the continuance in possession of the
<br /> � Property or the collectio��, receipt and application of rents,
<br /> . � issues or profits, and Trustee and Dei�eficiary shall be entitled �
<br /> . � ' `_ _..___.__ _..__.. _:._�.. .....,..:.�,.a o.... :.. ..... ..o .,... .,._..
<br /> - �. � .� �y. ,. a. .,..�...... _,,. ..�
<br /> Instruments or by law upor. occurrence of any Event of Default,
<br /> including, without limitation, the right tc exercise the �ower of
<br /> sale. Further, Beneficiury's rights and remedies under this
<br /> paragraph 7 shall be cumulative witli, and in no way a linitatior.
<br /> on, Deneficiary's rights and remedies under any Assignr�ent of
<br /> Leases and Rents recorded against the Property. 8eneficiary,
<br /> ' Trustee and tl�e receiver shall be liable to account only for
<br /> - those rents actually received.
<br /> " . 9. Bventa of Default. The tollowing shall conatitute
<br /> an Event of Defau t un er Li s Ueed of Trust:
<br />- -,^ 1
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