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<br /> •1• � notlllatlon to Trodw and B�n�flol�ry.ln th��wnt�ny polloy h�nunder Is not nn�w�d o�a bNon flftNn(16)d�y�prla to
<br /> It��xpintlon dde,Tr �tN o�B�n�flol�ry m�y prooun�uoh Imur�no�In aaaadana�wlth tfa provi�lan�of P�r�pr�ph 7.
<br /> 4.,� T�ustor sM�ltl�t K�&n�llol�ry ths o�lpin�l pallol��of Inwr�nao �nd��n�w�b th�r�of or aoplN of �uah pollol���nd
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<br /> �sn�wds th�raf. F�Ilun to tuml�h wah Insuranc�by Yruotor,or r�mwals�s rpulnd h�r�und�r, shdl,at th�optlon of
<br /> . , B�nNlolary,oonstitut�a d�fudt.All un�am�d pnmlums�r�h�nby��slpnsd to Trsutes�s addlllon�l��curlfy,and s e�l��nd
<br /> •� �`�����'•'w�'~�� convsy�noe o1 ths Properry by ths Tru�1N�h�ll op�nN to ccnwy to tM purah��r th�Tn,�tor'�Int�nit In�nd to all pollol��
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<br /> ' ;b •; '.• � of Ineur�nce upon ths Tro�t Prop�rty.
<br /> ���' ' ,= 6.T�KN�MI AWM�111M1b.Tru�to�shdl pay all taxss�nd�peolal�s�enment�levl�d or a�wsssd�palnet,or due upon,th�
<br /> ''"'"c�'`;'",� PropsMy befon d�llnquenoy�nd wlll ddlvsr to Bsn�ticl�ry oopls�of reoslpts ahowlep p�ymmt of�uah h«���nd spsal�l
<br /> .;r� � . ��e�amenta.
<br /> ;��,. . 6.Additlo�ul LNn�.Truttor�h�ll m�ks all p�ymsnts of Intereet and ptlnolp�l.and p�ymsnts of any oth�r oh�rp�s.bee,�nd
<br /> �;.,, � sxpenses contraatsd to bs pald to�nY�xiatlnp Ilen holde►s or prlor bsnsilol�ri�s undsr any prlor Ms�!of Trust,Mortpap�or
<br /> s:,�,� �� • - � other seaurlty apnem�nf, b�fpn tlr��te thsy ue dalinquent�nd to p�y#nY o1AN cl�lm whlah jsop�rdl�s tt»s�curlty
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<br />�=;' ,�" �� " 1, Ptobcllon of Mn�lld�ry'�S�Ity.Showld 4etastor fall to m�ke any p��nNnt,fail to do�ny aat ae hsreln provldsd or If
<br />�;;R�.,:.r,� . � ��y��t�Qr procNAYnp Is comma�cad whlch mslorislly affects BenNlcl�ry'a intasat in the P►oparty, Inoludl�p,but oot
<br />�`'f'^'.'��,�•�!` ' Ilmlted to,anlnsnt dorn�i�, insolvency.an�npementa or procsedlnps Involvinp�baMcrupt or d�csdent,then B�nN�ehirfr a
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<br /> �� �� �•'�-•- Troetes.but without oblipation to do so,and wlthouf notice to or demand upon Trustor.and�ithout r�lsaslnp Tru�t�irom�or �
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<br /> . •i't..: �: • ,, �. ,x olblp�llon hereunde�.m�y rt�ke or do ths s�m�,and maY PaY�Dwahase,conReat or comPromlae a�y encumlu�nc�,charpe or
<br /> •,;.;.� „ Ilen.whlah In the judpe�nenl ot either eppea►s to�tbct a�ld Property;In exereisonp any auch powsrs,lM 8sn�ficl�ry or T►uatM
<br /> � ..��ir`��', � m�y Incur a Il�billry a�d expend what�ver amounts„Inoludinp oleburaemsnts of re��anabte attoms�r's Uss,whkh 1�their ab�
<br /> � solute dlsoretlon may be nsceasary.M ths event thpt Trustor ahall fall to p�ocu�e insuraa�ce,fail to p�y taxes aad ap�clal .
<br /> p aesesamenta or fall to moke any payrnents to exlsNnp or prlor Iien holdera or beneficiarles,the Beneficl�ry may procure auch ��-��:
<br /> . Ineunncs and make euch peymenls.AI I aums i�cuRed or expended by 8eneflclary or Truatee In Acco�dance wlth the provl• �
<br /> " slons of the Deed of Truet are aecured hereby and,W�lhout demand,shall bs Immedletely due and payable by Truetor end ahNl
<br /> ' , �� bear Interest at tAe rate p►ovlded far advances w�der the Loan Ap�eemeoa; provided, however, that at the optlon of ths •
<br /> ' �� . Benefielary or Truetee.eueh sums may be added to the prinalpal balance o1 eny indebtednsae aeeured hsreby ond ehall be��
<br /> ths same intereat ae euch indebtedneas and ehall be payable ratabty over the�emalninp term thereof.
<br /> 8.AsslpnnNnt o1 R�nt�.Beneficlary ahall havs the ri�ht,power a�d authorlty durinp the contlnua�ce of this Deed af Trust to ;;j
<br /> collsct tM rents, laswes aad proflts of the Property and of any persona!pR.operty Ixated thereon wlth or wilhout takinp ••� '
<br /> posseaalon of the Praperty pffeoted hereby,and Truetor he�eby abaolutaly An�i unconditlonally aealpns all auch nnte,Issuss
<br /> ;�:;?�--_��„------- aad prollts !0 9enat�lary. 9eneflcl�ry,howevc�, �pby consents to the tfmwstor's colleotlon and rotentlon of euch ►ents, �� __
<br /> ' � Ieeues and proflta ee they aacrue a�od become paypbte ao lonq as Trustor ds n�t,at auch time,ln dehult wlth reapecl to pay .� _
<br /> . ment of any Indebtedneas eeeured heraby ot in the pe�formance of a�y apreemeni fvereunder. Upon any euch dsTault, �_ ;�;ti'r;,±:,,,;
<br /> BeneflolAry may at any tlme.elther Ir��+rrs�n,'�v a�ent or by a r•en�ive�to be appolnted by a court,without notice a�d without �,��1.�,j�;.',�
<br /> repnrd to the adequ�ay of any seaurity 4�r ffie Ind�e'btednees here�by secured:(a)enter upAn and take poasesaion ot the Proper• • -•.
<br /> ty or any part thsreof and In Ite own name aue ivr pr otherwlae collect such�ants,laeues and profits,i�cludlnp those past due ,:�;r��y�� ,"
<br /> " and unpald,and apply the aeme,leae coata and�oKpenees of oyeratlon and collectlon,Includlnp reasonable attorney fees, - ��.-•,
<br /> ";� upon�ny Indebtedness eeoured hereby and In auoA order as Baneflclery may determine;(b)perform auch eats of�e�a��or pra .
<br /> ; � tection�5 rnAy be neceaeary or proper to conaerve the velue of the Property;(c)lease the same or any part hereof for swch ren• :
<br /> • tel term a�►zJ apon euc!h conditio�s es ite Judpment mey dlatale.Unleas Trustor and Beneficlary apree othe►wlse In wriNnp,any
<br /> ;'• •• appllcatlon of renta,�a�uea or proflta to any Indebtednese aecured hereby a�All not extend or postpone the due date of the In- �"
<br /> �"' stallment payments as provided In the Loan A�rkroment,and the applicatlon�+tfiareof as aforeseld ahall not walve or cure any �'r'
<br /> � default or notice of def.�ult hereunde�or Invelida't�e any act done pu�suant to�uch notice,Trustor also assl�ns to Beneflalary, �
<br /> . - ae fuAher aecu�lty for the pe�formance of the obllpptlons secured hereby,all prepald ren'IS and all monles which may heve y , �
<br /> � ' been or may hereaiter be depoaNed wlth eald Trustc+r by any leasee of the Prope.ty,t0 aecu�e the payment of any�am1,and ! , � �� �
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<br /> upon delaulf In the perloramnce ot any oi the provlelons hereof, Truator a9reee to del;v�r at�ch rents and deposit� fo the i,�:�.
<br /> Beneficlary. Dellvew of written notice of 8enel4;aary's exerclae of the riqhts pranted hereln t�e�y tenant xcupylnp eaid ; ti
<br /> • premlaea shall be sufflclent to requlre sald tenant to pay seld rent to the Beneficiary untll further noilce. ' �
<br /> 9.CoaMM�nndlon.lf tltle to any part of the Property shall be taken In condemnation proceedinqs,by right of eminent domeln !. �,
<br /> or simll�r aatlon,or ehall be sold under threat of condemnation,all ewerds,damages and Qroceeda are hereby as$Igned end .�.
<br /> ehell be pald to Beneticlary who ehell apply euch award,dam�8as and proceeds to the sums secured by the DeeQ of Trust, �
<br /> ��.:.
<br /> with the exceas, if any,peld to the Trustor. � 1�
<br /> y 10.Futun Ad��naa.The Loan Apreement provides for edvences frort�1�me to time to Trustor by Beneflolary as provlded �
<br /> thereln.In additlon,upon�equest of Truator,Beneflclary,at Beneflclary's o��11on,prlor to reconveyence of the Properly to the
<br /> T�uator.may make addltional tuture advances to the Trustor.Such luture advances,wh�h i nterest thereon,ahall be secured by ' •
<br /> thls Deed of Trust when evldenced by promlasory notes stat�ng that sald notes are secuTad hereby;provided thaz at no time
<br /> � � aholl the aecured principel and tuture advancea,nol3ncluding sums edvanced to protect the security,exceed one hundred per• ',
<br /> � ,
<br /> { Cent(100%)of the ori�lnel princlpal amounts sec uTed hereby.
<br /> ' 11. R�m�dNs Cumul�tlr�.All remedlee provlded In this Oeed of Trust are dlstinct and cumulative io any other riqht or
<br /> � remAdy under this Deed of Trust or a+llorded by!aw or e�ulty �n�may be exercised concurrently.Independan�ly or aw:c�ssive• •
<br /> ' . ly.
<br /> � 12.Aaal�ntlon;R�m�dl�r SaN. a►tlafault shall exlst!r,y�+e+eaent oi:
<br /> (A) Any Irpud or mis+s�resentation fly the Trusrt�r sn connection wlth the��no ot credit which thls Deem a1 Trust socures; '
<br /> � • � ► (B) Any lallure on tdap�ara ol tAe Tr�ueio�to oneet iEee repayment terms�ro rps48ct to the Loan Agree�aro4 a�ed a�ey otAer ad• ,
<br /> �. vae�es aa�de�ttds meed of 7t�s1'hereby sesu*ed;and.
<br /> 'R � � �C) Aoyv aclion py the Truator prm!�Ibl ted by the terma of the Loen Ayreeme�t or thls�ees!of Trust or anv failu�e aR udee Trustor '
<br /> L. — tn a�f.a r�n,�lr�ef Av tha l nart�a�teement or thl8 Dead Of TfUSt.BBCh O}WhICh TfU99R�f h9�6by aQf!'eS h8V@ 8f1 8dV8�89 6�•
<br /> �� � fect on tAe 8enefisiary's a�ecurfty for the lirt�e at credlt esteblished arod the riqhts of the Benetic�ary In such seCUrity,
<br /> } and upon the happe�irey ot any such event of defeult,Beneficiary may Qe�aa►e all sums secured hC��k►y fmmedfately due and
<br /> • F' ' payebte by dellvery t�7restee oR wr;tten declaratlon of delault.The Trustee shall here the power of sale of the Property,end ff
<br /> � tr Beneflciary dealres the P�operSy to be sold. It shell depos�t w�th Trustee this Deed of trust and all promissory notes and
<br /> � documenta evfQencfng eYpenditurea secured he�eby and shaii det�ver to Trustee a wr�tt*n notice of default and election to
<br /> ; CAUee fhe ProFerty 4a Ct�SOId,and the Truatee In tum ahall prepare a not�ce In�he fprm r2t{ufr2G ny iaw,whiCh shall be duly ffl-
<br /> •, � � ed for record by Trustec
<br /> � (A) After the Iopse of sucn tima a3 mpy be requfred by law follcwing tncs r�scordatio��eP sa�d notice of default,and not�ce ol
<br /> �;,, � . default and notfee ot sale hauiny^,been qlven aa required by law.Truafee,without Qeitiand on Truafor,shall sell the Proper•
<br /> ' - ty on the date and at cne tlme and a�.are dealpnated In sald notice ot aale,at publlc auctlon to the hlqhest bldder,the pur•
<br /> �� chaae price paya�la in lawful monay of thelJnited Stotea at the tlme of sale.The pereon conductinp the saie may.for any
<br /> ' cause he dsems dxpadfent,postpone the sele from tlme to time untll It shall be completed and.fn every such case,notfce �
<br /> • � MF101517q01 �
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