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<br /> Z�72
<br /> notl/lo�tlon to TruotN and B�nsflol�ry.ln 1M�wnt any pollo�r h�nund�r I�nol r�n�w�d on o�b�for�fitlNn(16)d�y�prla to
<br /> It��xplr�tlon d�t�,TrustN or 9�nNicl�ry m�y proour��uoh Inturanc�In�acard�nc� with 1M provlslons of Parapaph 7.
<br /> Tro�tor�hrll d�llv�r to B�n�flol�ry the orlplo�l pollolu of lesurana��nd nn�wNs th�nof or aopla of such pollol��and
<br /> -�•k"�'' nn�wdt th�rwf. Fallur�to fumlih woh In�ur�nc�by T�u�tor,or ►�n�wals a�rpulrsd h�nund�r.�h�ll, �t tha optipn of
<br /> 8�n�flcl�ry,oonstituts a dNudt.All un�arn�d pr�mlums u�h�nby aulpn�d to Tnutw a�addltlon�l��ourity,�nd�ul�and
<br /> � �;;=""' cotw�y�nc�Ot'tlis►/�p��by fhe T►u�tM shdl op�r�t�to conv�y to th�purah��th�Trustor'�Int�reit In and to all pollcla
<br /> . :tiia�:�,;',;1,,�° 01 In�ur�nas upon th�Tru�t Prop�rtr.
<br /> •^d.�':{id.•.:!4�'�fj,.�
<br /> 6.T�xN�nd I►��um�nt�•Trustor sh�ll p�y�II tuas�nd spealal��Nt�m�nts Iwl�d or a��e���d ap�lnet,or du�upon,th�
<br /> �;f�:�..�•�= -• �.-=�' Propsrty Mfon dNlnqu�nay�nd wlll allvsr to B�nNlol�ry aapl��of r�lpt�showln�p�ym�nt of�uoh tax�s and wpeal�l
<br /> _ " u�wm�nts.
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<br /> �;,�ay;�,���: ,�,�,��„ e.AddNlon�l Lbn�.Trueto�eh�ll make all p�yment�of Interost and prinolpN,and peymsnts of any othsr oharpee,fses,and
<br /> ��� �xpens��oonVact�d to be paid to ony sxlstlnp Ilsn holdera or prlor benstlol�rles under any prlor Deed of Truet,Mortpap�or
<br /> _ '• � oth�r sscurity apn�m�nt,bsfore thA dntq they sre dellnquent and to p�y�ny othK clalm whlah Jeoperdlaes the Maurity
<br />�: , ���,:��._.�..:� pnnted hasln.
<br /> �,,., �� , 7,proUcllpn pf�Ibt�ry'�S�cudty.Should Truatqr fall to make any payment,fall to do eny aot as heraln provided or If
<br />?�j?�� ;•u��� :, ' any actlon or procsedlnp la aommAnaed whlch mpterlally affeota Benaflclary's Intereat In the Property, Includinp,but not
<br /> j�' ' Ilmit�d to,sml�snf domeln, IneolYenay,ananpementq o��prooeedl��e Involvinp�bank►upt w decedent,then 8enellclary or
<br /> Trosts�,but with4ut obllpetlan to dA so,end wltAqut,nAtiae to or demand upon Truetor,and wlthout releaalnp Truetor from any
<br /> � � ' olblptllon hareunder,msy makq or do thA eems,and mAy pay,purahaes.contest or compromlee pny encumbrance,ohar�e or
<br /> Ilen.whioh In.tha ludpmenl of elther appnera to altect eald Property;ln exe�clelnp eny euch powers,the Benefiaiary or Trustee
<br /> , may Incur a Ilebllity�nd expend wh�bver amounts„Inaludinp olebursements of reasonabte attorney'a feee,whlah In thelr ab-
<br /> solut�dlsoretlon may ba naaeaeory.In tha event that Truetor shall hil to procure Inaurance,fell to pay taxes and apealal
<br /> `� , �eseeamanta or fail to makR eny payments to exleltnp or prlor Ilen holdero or beneficl�rlea,the Bensilcfary may procure euch ;
<br /> Insur�noe and mako suah paymenta.AH,aums Incurred orexpended by Beneliclary or Truetee Irt Acco�dance wlth the provl- � '
<br /> ' alons of tha Deed of Truet are eeoured hAroby and,wlthout demand,shall be Immedlately due and payable by T�usto�and shall
<br /> � beor inter�st at the r�ts provlded for advencea under the Loan.Agraement; provlded.however, that at the optfon of the �' Y`'`
<br /> � ' 8snsflalary or Trustee,auah sume may be added to tbA prinaipal belance of any Indebtedneae secured he�esy and ahs�ll bear
<br /> '� � the same Interest ae auch indebtednese and shdl�ba payable ratably over the remalnlnq term thereof.
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<br /> � • 8.AwlpnnNnt o1 R�nb.Beneficlary ehall have the ripht,power and authorlty durin�the contlnuance of thls Deed of Truat to •c'.•�
<br /> � ; collect ths renta.leeuea and profita of.the Property and of a�y personal propeRy located thereon wlth or wlthout taklnp ���;I:i7,�'
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<br /> �;,•;,. " poaseselon of the Property aif9cted hsr�by,and Truator hereby abaolutely and uncondltionelly aaalpna all auoh rents,leauee � �
<br /> _ _-- -- asst! pro!!t� !0 9ane!!cle�ry. �eneflalery, how9ver, hei►qby consents to the Trustor's coll�ctlon and retentbn of such�ents, •��;a. _
<br /> ' . � lesuo�and proflta aa they accrue and become payable oo lonp es Truator la not,tl auch time,In defAUlt wlth raapeat to pay-
<br /> ' '•�- � ' msnt of any Indebtednees aecured he►eby or In the performance of any ppreement hereunder. Upon any such default, ' '��,
<br /> ' � ti�'� Bensflcl�ry may at an�time.elther In person,by apent or by a recelver to be appolnted by a coun,wlthout notice and wlthout
<br /> ,��;• �` ' rpard to the adequacy of pny aecurity tor ths Indebtedneae hereby secured:(a)enter upon and take poeseaslon of the Proper• -- �-.w:.
<br /> ' �"�• `` ty or any paR thereof and in tta own name sue for or otAerwlae collect auoh rents,Issues ond protita,includMp thoa�past due ` "' ' "�
<br /> and unpald, and apply the same,leas ooais and expenses of operetion and collectlon.Includinp reasonable attomey feea, � 4''�'
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<br /> ;. �, upon any indebtednees aecured hereby and In euch arder as Beneflciary mey determine;(b)petform such acts of repair or pra � -• �
<br /> �, tectlon aa may be neceasery or proper to conserve tAe value o(the Property;(cllease the same or any pa►1 hereof for�uch ren• -��{'�:
<br /> '' tal term and upon auch conditlons as Its judyment may dlctate.Unlese Trusto�and Benef�lary agree otherwlae In writing,any ��'
<br /> appllcatlon of renta,lasues or profits to any Indebtedness aecured hereby shall not extend or postpone the due date of the in- ''""
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<br /> ������'• stallment paymenta as provided In the Loan Apreement,and the applicatlon thereof as aloresald shall not walve or cure any , •
<br /> ' ` default or notice of default hereunder or Invelldate any act done pursuant to euch notice.Trustor also eealpns to Beneficlery, !
<br /> ' ��� as further security for the performance of the obllpatlone secured hereby,all prepald rents and all monles which may have �
<br /> � % • been or may hereafter be depoalted wlth eald Truator by a�y lessee of the Property,to secure the payment oi any rent,and ;
<br /> �.� upon defautt in the perfo►amnce of any of the provlelona hereol,Trustor a�rees to dellver such rents and deposits to the !
<br /> , Bsneticlary. Dflllvery ot written notice of 9enelflcary'a exnrclae of the rlghta gra�ted herein to any tenent occupylnp said ;
<br /> ' � j premises ahall be sufflclent to requfre seld tenent to pay sald rent to the BenefiCiary until further notice. ; �;
<br /> � 9.Cond�mn�tlon.lf title to any part of the Property shall be taken in condemnatlon proceedings,by rlght of eminent domaln :
<br /> � or simllar actlon,or shell be aold under threat of condemnatlon,all awards,damages and proceeds are hereby essiqned and � •
<br /> . ! ahall be pald to Beneflclery who ehall apply euch award,damapea and proceeds to the eums seCUred by ihe Deed of Truat, �
<br /> '; . ' � wlth the excess, If any,pald to the Trustor.
<br /> � �' � 10.Rutun Advana�s.The Loan Apreement provides tor advancea Irom tlme to time to Trustor by Beneficiary as provided
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<br /> thereln.In addltfon,upon request of Trustor,8eneflclary,et Beneficiery's opNon,prlor to reconveyance of the Property to the .
<br /> . , �i Trustor,may make addltbnat future advences to the Trustor.Such tuture advances,wlth Interest thereon,shall be�aecured by
<br /> , ' thla Deed of Trust when evidenoed by promissory notes steting that 9ald notes are aecured hereby;providad that at no time
<br /> '� � ' , ahall the secured princlpal and tuture advances,not Includinq suma advanced to protect t�e securlty,exceed one hundred per-
<br /> •. , � cent(10070)of the orlqlnal principal amounts secured hereby.
<br /> 11.R�m�dl�s Curnulativ�.All reme0les provided In this Deed of Trust are distinct and cumulative to any other right or
<br /> ;�': • remedy unde►thls Deed of Truet or afforded by law or equNy.and may be exercised concur►ently,Independenlly or succesalve•
<br /> ,`�: . ly.
<br /> ' � 12.ACC�01�ta11on;R�m�dl�t;S�1�.A default shall exi9t in the ever+t of:
<br /> • �,•,. � (A) Any fraud or misrepresentatlon by the Trustor In connection wilh the Iine o1 credit which this Deed of Trust secu�es:
<br /> i�' � • (B) Any failure o�the part ot the Trustor to meet the ropayment terms In respect to the Loan Apreement and any other ad-
<br /> • ; I vances unde�thfs Deed oi Trust hereby secured;and,
<br /> �" � (C) Any actlon by the Trustor prohibited by the terms af the Loan A�reement or 1hls Deed of Trust or any faflure of the T�ustor
<br /> •� ___ . .1 1n ar.l aa ranulred bv the Loan Aareement O►thie Deed Of TruSt.each of which Trustor hereby aprees have an adverse ef•
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<br /> tect on the Beneficfary's securlty for the Ilne of credit established and the rlphta of the Beneffciory in such security,
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<br /> ' � � and upon the happening of any suCh event of default.Beneficfary may declare all sums secured hereby Immedlately due and
<br /> ' payable by delivery tt,Trustee of wrftten declaratlon of default.The Trustee shall have the power of sele of the Property,and if
<br /> • ;r BeneNciery deslres the Property to be sold, It shal�deposit with Trustee thfs Deed of trust and all promissory notes and
<br /> � documents evlCencing expenditures secured hereby end shall deliver to Trustee a written notice ot delault and electlon to
<br /> � Y , � cauae the PrnFerty to be aold,and the Trustee in turn shell prepare e noflce in the form requfred by law,which shell be duly}il•
<br /> � ' ed for record by Trustee.
<br /> ' ` (A) After the lapae ot auch time aa mey be requlred by law followlnq the recordation of sald notice of default,and notfce of
<br /> �• default and notiCe of eale havinq been glven as requlred by law,Trustee,without demand on Truator,shall sell the Proper•
<br /> ' �� - ty on the date and at the time and place deaipnated in sald notice of aale,at publlc auctfon to the hiyhest bldder,the pur-
<br /> ch�ee prlce payable In lawful money of the United Statea at the tlme of sale.The peraon conducflnq the aele may,tor any
<br /> ' cause he deems expedlent,postp�ne the sale from time to tfine unttl lt shell be completed end.In every such case,notfce �
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