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99 1U8914 <br /> 10. Protection of Security. If Trustor fails to perform any of the covenants and agreements contained in this Deed of <br /> Trust, or if any action or proceeding is commenced which does or may adversely affect the Trust Property or the <br /> interest of Trustor or Beneficiary therein or the title of Trustor thereto, then Beneficiary, at its option, may perform <br /> such covenants and agreements, make such appearances, defend against and investigate such action or proceed- <br /> ing, and take such other action as Beneficiary deems necessary to protect its interest including, but not limited to, <br /> disbursement of reasonable attorney fees and entry upon the Trust Property to make repairs. Any amounts dis- <br /> bursed by Beneficiary pursuant to this paragraph 10, with interest thereon, shall constitute Indebtedness of Trustor <br /> secured by this Deed of Trust. Unless Trustor and Beneficiary agree to other terms of payment, the amounts shall <br /> be payable upon notice from Beneficiary to Trustor requesting payment thereof, and shall bear interest from the date <br /> of disbursement at the default rate, if any, set forth in the Note, or otherwise at the highest rate permitted by law. <br /> Nothing contained in this paragraph shall require Beneficiary to incur any expense or take any action hereunder. <br /> Trustor irrevocably authorizes and empowers Beneficiary to enter upon the Trust Property as Trustor's agent and, <br /> in Trustor's name or otherwise, to perform any and all covenants and agreements to be performed by Trustor as <br /> herein provided. Beneficiary shall, at its option, be subrogated to any encumbrance, lien, claim or demand and to all <br /> right and securities for the payment thereof paid or discharged by Beneficiary under the provisions hereof and any <br /> such subrogation rights shall be additional and cumulative security for this Deed of Trust. <br /> 11. Condemnation. The proceeds of any award or claim for damages, direct or consequential, in connection with any <br /> condemnation or other taking of the Trust Property, or any part thereof, or for conveyance in lieu of or in anticipation <br /> of condemnation, are hereby assigned to and shall be paid to Beneficiary. Trustor will file and prosecute, in good <br /> faith and with due diligence, its claim for any such award or payment, and will cause the same to be collected and <br /> paid to Beneficiary, and, should it fall to do so,Trustor irrevocably authorizes and empowers Beneficiary, in the name <br /> of Trustor or otherwise, to file, prosecute, settle or compromise any such claim and to collect, receipt for and retain <br /> the proceeds. If the Trust Property is abandoned by Trustor, or, after notice by Beneficiary to Trustor that the <br /> condemnor offers to make an award or settle a claim for damages, Trustor fails to respond to Beneficiary within <br /> thirty (30)days after the date such notice is mailed, Beneficiary is authorized to collect and apply the proceeds in the <br /> manner indicated herein. The proceeds of any award or claim may, after deducting all reasonable costs and <br /> expenses, including attorney fees, which may have been incurred by Beneficiary in the collection thereof, at the sole <br /> discretion of Beneficiary, be released to Trustor, applied to restoration of Trust Property, or applied to the payment of <br /> the Indebtedness. Unless Beneficiary and Trustor otherwise agree in writing, any such application of proceeds to Indebtedness <br /> shall not extend or postpone the due date of the Note or the payment of any installments called for thereunder. <br /> 12. Trustor Not Released. Extension of the time for payment or modification of any amortization of the Indebtedness <br /> granted by Beneficiary to any successor in interest of Trustor shall not operate to release, in any manner, the liability <br /> of Trustor and Trustor's successors in interest. Beneficiary shall not be required to commence proceedings against <br /> such successor or refuse to extend time for payment or otherwise modify amortization of the Indebtedness by <br /> reason of any demand made by Trustor and Trustor's successors in interest. <br /> 13. Financial Information. Upon request of Beneficiary, Trustor will provide to Beneficiary, within ninety (90) days of the <br /> close of each fiscal year of Trustor, the consolidated balance sheet and statement of earnings of Trustor and any <br /> and all guarantors of the Indebtedness secured hereby, if any, and will provide and deliver to Beneficiary such other <br /> financial information and in such manner as Beneficiary may reasonably request from time to time. <br /> 14. Financial Covenants. In addition to any other financial covenants of Trustor made in any other agreement, instrument <br /> or document, Trustor shall comply with and shall cause any and all guarantors of the Indebtedness secured hereby <br /> to comply with, or be in compliance with, the following financial covenants: (This paragraph shall not apply if <br /> covenants and requirements are not set forth herein.) <br /> 15. Schedule of Leases. Within 10 days after demand, Trustor shall furnish to Beneficiary a schedule, certified by <br /> Trustor, setting forth all leases of the Trust Property, or any portion thereof, including in each case, the name of the <br /> tenants or occupants, a description of the space occupied by the tenant or occupant, the rental payable for the <br /> space, and other information and documents with respect to such leases and tenancies as Beneficiary may reason- <br /> ably request. <br /> 16. Covenants of Trustor with Respect to Leases. Without the prior written consent of Beneficiary, Trustor shall not, <br /> directly or indirectly, with respect to any lease of space in the Trust Property, or any portion thereof, whether the <br /> lease is now or hereafter in existence: <br /> (a) Accept or permit any prepayment, discount, or advance payment of rent hereunder in excess of one month; <br /> (b) Cancel or terminate the same, or accept any cancellation, termination, or surrender thereof, or permit any event <br /> to occur which would occur thereunder to terminate or cancel the same, other than termination for nonpayment <br /> of rent; <br /> (c) Amend or modify the same so as to reduce the term thereof, the rental payable thereunder, or to change any <br /> renewal provisions therein contained; <br /> (d) Waive any default thereunder or breach thereof; <br /> (e) Give any consent, waiver or approval thereunder or take any other action in connection therewith, or with a <br /> lessee thereunder, which would have the effect of impairing the value of the lessor's interest thereunder or the <br /> property subject thereto, or of impairing the position or interest of Beneficiary therein; or <br /> (f) Sell, assign, pledge, mortgage or otherwise dispose of, or encumber its interest in any lease or any rents, <br /> issues, or profits issuing or arising thereunder. <br /> 17. Waiver of Statute of Limitations. Time is of the essence in all of Trustor's obligations and duties hereunder; and to the <br /> extent permitted by law, Trustor waives all present or future statutes of limitations with respect to any debt, demand, <br /> or obligation secured hereby and any action or proceeding for the purpose of enforcing this Deed of Trust or any <br /> rights or remedies contained herein. <br /> 18. Assignment of Deposits. In the event construction of improvements is contemplated by the loan evidenced by the <br /> Note secured hereby, as additional security therefore, Trustor hereby transfers and assigns to Beneficiary all right, <br /> title, and interest to any and all monies deposited by or on behalf of Trustor with any city, county, public body or <br /> agency, sanitary district, utility company, and any other body or agency, for the installation or to secure the installa- <br /> tion of any utility by Trustor pertaining to the Trust Property. <br /> 19. Corporation or Partnership Existence. If Trustor is a corporation, general partnership, or limited partnership, it will do <br /> all things necessary to preserve its corporate or partnership existence, as the case may be, and all rights and I <br /> privileges under the laws of the state of its incorporation or organization. ! <br /> 20. Forbearance by Beneficiary Not a Waiver. Any forbearance by Beneficiary in exercising any right or remedy � <br /> hereunder, or otherwise afforded by applicable law, shall not be a waiver of or preclude the exercise of any such <br /> right or remedy. The procurement of insurance or the payment of taxes or the discharge of liens or charges by <br /> Beneficiary shall not be a waiver of Beneficiary's right to accelerate the maturity of the Indebtedness. <br /> 21. Remedies Cumulative. All remedies provided in this Deed of Trust are distinct and cumulative to any other right or <br /> remedy under this Deed of Trust or afforded by law or equity, and may be exercised concurrently, independently or <br /> successively. <br /> 22. Successors and Assigns Bound; Joint and Several Liability; Captions. The covenants and agreements herein con- <br /> tained shall bind, and the rights hereunder shall inure to, the respective successors and assigns of Beneficiary, � <br /> Trustee,and Trustor. All covenants and agreements of Trustor shall be joint and several. The captions and headings <br /> of the paragraphs of this Deed of Trust are for convenience only and are not to be used to interpret or define the � <br /> provisions hereof. <br /> 23. Notice. Except for any notice required under applicable law to be given in another manner, (a) any notice to Trustor � <br /> provided for in this Deed of Trust shall be given by mailing such notice by certified mail, return receipt requested <br /> addressed to Trustor at its mailing address set forth above or at such other address as Trustor may designate by <br /> notice to Beneficiary as provided herein; and (b)any notice to Beneficiary or Trustee shall be given by certified mail, � <br /> return receipt requested, to Beneficiary's and Trustee's mailing address stated herein or to such other address as <br /> Beneficiary or Trustee may designate by notice to Trustor as provided herein. Any notice provided for in this Deed of <br /> Trust shall be deemed to have been given to Trustor, Beneficiary or Trustee when given in the manner designated herein. <br /> Page 3 of 5 <br /> � <br />