` i..'.r' ..,
<br /> c � � ♦. � ��7�' II
<br /> ' 93• 1oeoss
<br /> th� asount o! th� ir�d�btadn��s und�r th� !'inanainq DoauMn2�, and
<br /> �, (iii) payabl� on d�aand with int�r�st at th� Post-D�lauit Rat�� and
<br /> i! Trustor �hsii l�ii to aak� �nah paynent !or t�n (10) d�ys alt�r
<br /> d�aand, th� �ntir� �u� ��aur�d h�r�by shall, at th� option o!
<br /> � • Beneliaiary, beaoma due and payable immadiately, aaythinq aonta�ined
<br /> � '" in this Dssd o! Trust or ths othar Fiaanainq Doaum�nts to ths
<br /> � '�� contrary notwithstandingi cr Benaliaia�sy aha�li ha�v� tha priviisgs
<br /> • �,,.'��;t�;�,��' ot acquiring by a�signment lrom the holder o! �uah �ecurity
<br /> `�:,��� intarest any nnd all contraat riqhts, aaaounts raasivabla, cha�t�l
<br /> ��'•����t�$�� papsz, naqotiablo or non-negotiable inatrunten�s and other ovidanaa
<br /> `� �`i.;`�;:M`�:;�:"?��r;� .
<br /> �°' o! Trustor s indebtsdneos oeaused by s�uch Fixturea, and, upan
<br /> "' "::,f;%;':;;;���`;.: aoquiring such intereet by t�seignment, ehall hav� thp xl.gbt to
<br /> � �' ` '��" '�''���� enforce the seourity i�terest as as�iqnee thereoP, in aac�rdanca
<br /> �l :�lNI•:x( h!'`':1'lfif.t''�.:
<br /> �`�t.��;�1;�;���;":ti:`;;:"�;�,F; with the termn and provisiona of the California vr�iform Co�aaeraial
<br /> r `:5'4-�Y'.i:�.�.•..,:;�:r:;,.e•
<br /> �.��,;�.... :.. ....:::,.;�. Caie (or to the extent that the law o! another Stata appli�s to
<br /> a.^ ��> � .x ; . ` �� this DQed o! Trust purauant to eny appliosble aobpsrabis
<br />.' . � y, . _ provision� o! tho Un�lorm Commercial Codo as in otlaat in �uah
<br />- - � - - Stat�) , aa amondad or �uppl�aontad, and in aacordena� with oth�r
<br /> i . . � law.
<br /> f •' .
<br /> . (a) Wh�th�r or not B�n�tiaiary has paid or tak�n �n
<br /> • • as�iqnm�nt ot �uah ��aurity int�r�st, i! at any tim� Trustor �hall
<br /> ' � b� in d�lault !or a p�riod ot t�n (10) day� ued�r th� ��aurit
<br /> br�aah o! Trustor•s aov�nants und�r this D��d o! Truat, snd �haii
<br /> � at xh� optiion o! B�n�liaiary aonstitut� an Ev�nt ot D�lsult ur�d�r
<br /> • this Do.d o! Trust, and ail a�taounts soourad haraby shall, at th�
<br /> option� o! Banoliaiary, beaome dua and payabl• immadiatoly.
<br /> �(d) The provisiona o! subasctions (b) and (a) o! this
<br /> ` S�ation 7.8 ahall not apply if the goods which may become Fixturas
<br /> � � ar� a� at leaat equivalent value and quality as any property being
<br /> repleced and if the rights o! the party holdinq auch eeaurity r� ,
<br /> interest have been expressly eubordinated, at no aost to
<br /> Benefiaiary, to the Lien of this Deed of Trust in a manner
<br /> s . .,� satisfaatory to Beneficiary. ��"'�
<br /> . : 7.9 Headinas. Article and section headings are included in �
<br /> ���'� th� Deed of Trust !or the convenienae of rePerence only and shali �
<br /> � F . • not be used ir► construing this Deed of Trust.
<br /> 7.10 No Merger. No merger shall oaaur as a result of
<br /> �`' � . Benaficiary�s acquiring any other estate fn, or any other lien on, �
<br /> � . � the Property unless eenePiciary consents to a merger in writinq. ���
<br /> _! both the lessor's and lessa¢'a c3tates under any lease or any ��
<br /> � porticn thereof which aonstitutes a part of the Property ehall at E
<br /> � . � any time become vestad in one owner, this Deed of Trust and the !
<br /> lien areated hereby shall not be destroyed or terminated by �
<br /> ., ' appliaation of the doatrine of inerger and, in such event, .
<br /> Benefiaiary shall aontinue to have and enjoy all oP the rights and
<br /> � � privileqes of Beneffaiary as to the separate estates. In addition,
<br /> �� . , upon the forealosure of the lien created by this Deed of Trust on �
<br /> the Property pursuant to the proviaions hereof, any leases or
<br /> i . � , 17
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