r'
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<br /> .i , i. . . .i_$. � . - ..16rya.r*'teMQ�ll���1
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<br /> Lsndsr. Ths loregoinq Marranti�s and r�pre��ntation�, �nd ' � ,
<br /> �orroMnr'r obliqation• purauant to th� lor�qoinQ indwnnity, �h�11
<br /> �urviv� r�paymont o! th� Not� •nd th� r�oonv�ymnc�e o! t�i� lir�d .
<br /> o! Tru�t.
<br /> 9. Assi nment ot Rents Menn ement of Pro ert . A•
<br /> r�dditional �scur y ereun er, eorrower ers y •�a qn• to �end�r
<br /> the xent�, isoue� and protita a! th� Property, provided th�t
<br /> Horrower shell, prior ta aaoelsration und�r paragr�ph li h�xao!
<br /> or abAndonmanC of rhe Property, have the right to aollea� and
<br /> rete�in suah rents, isauea ana profits as they beaome due and pa�y-
<br /> abla. Upon acaeleration or abnn8onment of the Property, Lender
<br /> tn�y� either in person or by aqent, with or without bringing any
<br /> - action or proceedinq, or by a receiver appointed by a court e�nd
<br /> . .,�;: ��.;��.,, without regard to the e�dequaay of ita aecur3ty, enter upon and
<br /> ::�,,,.� take poaee�eion of the Propexty, or any part thereof, in �te oWn
<br /> ...:�,A��':', ,�Y:..,,'..;._•:.-r:'i',.�(
<br /> ;;ei�J�F�r E�, �Y:js?r1:°����.,�;t;j;tr y,4. 4'�UAe Ol .�D the 111dp1e Of �fl@ Trustee, and C�O Afly dCtS W�l�C�1 �
<br /> �•+`�.'. r•T' J� ��r�
<br /> I f, ,�, .�..,���,, , ��r',',1..;��,,.,��f::r,.s��s�,��� r�eams neaessasy or desireirle to�pre�a�rv�� the value, market�bility
<br /> r ; .
<br /> '`� ' ` or rentability af the Pro�erty. or an� �p�ar� tl�exeof or intereet
<br /> '' `" <<,�;,�;�,',f `` .5 'F��i+ therein, inarease the income therefrom oz protect the aecurity �
<br /> :':,�.. .. '.;�t4;;::':�;:•,";'��t,�r��;.�; hereof and, with or without tak:ing poesesaion of the Property, `"
<br /> `�� ;1 � ���'��.�>'�'��'�����'����•�'%;� sue for or otherwiae colleak the rents, iseues and profita
<br /> ^.". . ., �v..:;�...•.,`�:.�;��:,.;��7;�:�'•',4a
<br /> `,,,;;:. : ; :. : .:,:..•. :. • thereof, including those past due and unpaid, and apply the same,
<br /> ��..
<br /> "�.::;:�: 'i!:,;:;;,�:'>,I��;','.��,,;;�;:,,_;:c.�, leea oosts ane expe»ses oi operation and colleation, inclad ng
<br /> t �',�:� attorneys' feea, upon any indehtednese seaured hereby, all in
<br /> � `�'�"�'� , .. euah or�ier as Lender may de�ermine. The enterinq upon and takinq
<br /> '�� '• `" poaseaei.on of the Property, the aolleatiion of such rentie, is�uee
<br /> �� a�nd profi�s and the appliaation thereof $s aforeeaid, shall not
<br /> ___ cure or aaive any default ox notice of default hereunder or
<br /> � .. invalida�e any act done in reaponee to euch defaul� or pursuant
<br /> � to such notice of default end, notwiChstr�nding the continuance in
<br /> possesefon of the Property or the collection, receipt end applica-
<br /> � , " tion of rente, issues or profits, and Trustee and Lender �thell be
<br /> entitled to exarcise every right provided for in any of the I,oan
<br /> . . Instirumenta or by law upon occurrence of any Event af Defeulti,
<br /> � including, wi�hout limitation, the right to exercise the poaer of
<br /> �� . sale. Further, Lender's rights and remedies under thie paragsaph
<br /> 9 ahall be cumulative wi�h, and in no way a limi�ation on,
<br /> ;�;� � , Lender's riqhts and remedies under any Aseignment of Leasee and
<br /> .,� Rente recorded against the Proper�y. Lender, Truatee and the
<br /> � � , receiver shall be liable to account anly for thoee rents aatually
<br /> � .� rece ived.
<br /> �r
<br /> �� -;
<br /> ' 10. Events of Defaul�. The following ehall aonetitute
<br /> An Event of Defau t un er t s Deed of Trustis
<br /> � • (a) Failure to pay any installment of
<br /> '�;:�'�.. prinaipal or in�eresti or any otlier aum secured hereby
<br /> '�ir,;..;...
<br /> a�. , when �ue, or failuze to pay when due any other indebted-
<br /> � � nesa of Sorrower to Lendex= �.
<br /> .,;�.;
<br /> ' (b) A breach of or default under any provi- ��'°.�
<br /> aion contained in the Note, this Deed of Trust, any of
<br /> the Loan Instrumente, or any other encumbrance upon the
<br /> � Proper�y, after giving effect to any applicable cure
<br /> , � period con�ained therein=
<br /> �
<br /> ` (c) A writ of execution or attachment or any !
<br /> ; � , similar process shall be entered against Horrower which I
<br /> � shall become a liQn nn the Property or any portion
<br /> thereof or interest �hereint �
<br /> . � f
<br /> �� (d) There shall be filed by or against �
<br /> - � - � tiorrower Afl dCt1011 QRUf3L ni�y �JLCSGIii. vi �u�u�v ia^,t�..^.:.°.�� l
<br /> '� state or other statute, law or requlatfon relating to �
<br /> ; . bankruptcy, insolvency or dther relief for debtors= or �
<br /> ; � �� there shall be appointed any trustee, receiver or
<br /> �� li.quidator of Horrower or of all or any part of the ;
<br /> "+� � Property, or the renta, issues or profits thereof, or
<br /> I � �';��` � �'' �• � Borrower shall make any qeneral assignmen� for the . ,
<br /> . r . benefi� of creditoraj
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