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<br /> ,,-;�,_- . ;�r•' notlllatlon to TrwtM�nd 8�ndlol�ry.ln th��wnt�ny polloy Iw��und�r I��at r�n�w�d o�or bNo►�flfttin(16)d�ya prlor to
<br /> . ' ' Ib�xpl�atlon d�t�,TrustN or 8�n�flal�ry m�y proau�v�uoA In�u��na�In acoord�no�with th�provi�lone of P�npi�ph 7.
<br /> ° " �� Tru�tor sh�ll d�tlwr to B�ndlcl�ry th�orlpind pollcl�s ot In�urana��nd r�mwal�tMrwf o►copl�s of suoh pollol�s and
<br /> r�n�w�l�thss�ot. Falluj�to furnl�h auoh Ineur�nc�by T►wtor, or nnswd��� rpulnd h�nu�d�i. sh�ll, at th�optlon of
<br /> , ^n�b'�!'�•''';`y�� aonwy�n��of t�P op�ny by th�Tru�tN sh�l opornhsto conv�y to th��purohas�r th�pust r'�I nt nst In and to II po•ol�s
<br /> - - , ` of Insuranoo upon tho Tru�t Proporty.
<br /> 1�: ' 6.T�xM�nd A�s�in�nt�.Tni�tor�hall pay all t�x�s and�p�alal�e�ss�ments Iwl�d or�u�a��d apalnst.or due upon,th�
<br /> • } , � • Prop�Ay bda�d�llnqu�noy�nd wlll ddiv�r to 6m�flclary cople�of readpts showlnp paymsnt of�uch taxw and�p�clat
<br /> „3, .' . � , . uN�sm�nts.
<br /> ,�; R�' r 8.Additlonal Ll�nt.Trustor shall make�II payments of Int�reet and prinolp�l,and paymente of any othsr ch�rpes,fees,�nd
<br /> � ' ����;'� - expeness contraated to b�pald to�ny exlstinp Ilen hold�rs or prior beneflclarlss undsr any prlor Dsed of Truet,MoApape or
<br /> � �� � � � oth�r security ap�Nm�nt,b�fon th�dd� th�y an dslinqusnt and to p�y any othar alaim whloh Jeop�rdiz��ths sscurlty
<br /> f��� f� pr�nt�d hersln.
<br /> �•°�f' 7.Prot�otlon ot�wlkl�ry's S�cudty.Should Truetor fail to meke any payrnent,fail to do ony aat aa hereln provided or If
<br /> ;��f�� any actlon or proc�sdlnp Is commencsd which materlally aftecte Beneflciary'a Intereat In the Propeny,Inoludinp,but not
<br /> - •,-' • �: �' Ilmlted to,eminsM dom�ln,Inaolvsncy,arranpamente or proce�dlnpe Involvinp a bankrupt or decedent,then Beneflciary or �
<br /> �•' t " ' Trusbs,but wlthout obllpatlon to do ao,and without notice to or demand upon Truator,and without releaslnp Truator from any
<br /> . ,. • olblQatlon hsreunder,m�y make or do ths sam�,�nd may pay.purahaee,contest or compromlee any encumbnnae,charpe or
<br /> . Ilsn,whlah In the�udpmsnt of elther appears to atfect a�ld Propehy;in exerclslnp any auch powero,ths 8enoticl�ry or Trustee
<br /> �� may Inour a Ii�bllity and expend wh�tever arnounts„Inaludlnp olsbursementa of�easonoble attorney's feea,whloh In thelr ab�
<br /> ' • solute dleoretlon may be neceasary. In the event that Truato�ahall foll to procure Inauranae, fAll to pay taxea And speclal
<br /> aeeeaemente or fall to make any payments to exlaltnq or prlor Ilen holdera or beneficla�lea,the Beneficlery may proaurq auch
<br /> •• � Inaurance and make such payments.All suma inourred orexpended by Baneflcfary or Trustee in acco�dance wlth the provf-
<br /> elona of the Oeed of Trust ere aecured hereby and,wNhout demand,sholl be Immedlately due and payeblo by Truetor and ahall ;�;,
<br /> bear Intereet at the �ate provided for edvances under the Loen Apreement; provided, however, that at the optlon pf the •�
<br /> � 8enellclary or Yrustee,auch suma may be added to the princlpel balance of A�y indebtedneas secured hereby and shall bear
<br /> . the eame intereat es such Indebtednesa and ehall be payable ratably over the�emalniny term thereof.
<br /> � • 8.Asdpmn�nt M R�nt�.Benefiolary ahall heve the ripht,power and authority durinp the contlnuance of this Qeed of truat to
<br /> ,��,;_ collect the rents, iesuea and proflts of the Prope�ty and of eny peraonet property located thereon with oi wlthout takin�
<br /> � •: ,i: posseaelon of the Properiy afteated hereby.ond TruBto�hereby abaolutely and unconditlonally aesipne ell such renta,lsaues
<br /> _ • ` ���� and profits to Bensficlanr. Beneficlory, however,hereby cona�nts to the Truator's collectlon end retentlon of such renta,
<br /> .�.,,, f:. �'; � • �; leeues end profita ae they acarue and become payable eo lon��a Truetor Is not.at auch tlme,in default with reapect to pay �
<br /> I p, ti•:'.� � ..�-.
<br /> • . j ment of eny Indebtednees eeoured hereDy or In the performance of any apreement hereundw. Upon any auch deteult,
<br /> ;� . , ' Beneficlery may at any time,elther In peraon,by apent or by a recelver to be appolnted by a couA,wlthout notice and without ��.���>,;.+
<br /> � . � repard to the adequacy of any aecurity for the Indebtednass hereby secured:(a)enter upon and take posae5sion of the P�oper- {,,,,,, ;14`;;
<br /> ��••,� ' 1 s and rofite Includin thos e a s t d u e ��.'"`"'�'� '''.'
<br /> ty or any part thereof and In Its own name sue for or otherwlse collect auch rents, ssue p . � P , . ��
<br /> � � and unpald,and apply the eame,lee8 Coets and expenses of operAtlon and collectlon, Includinfl reasonable attorney fees, '�',' � •
<br /> ��' �, � upon any Indebtednees aecured hereby and In such order as Beneflciary may determine;(b)pe�form such acta of repolr or pra '� �
<br /> �;.:'• ! tectlon as may be necesaery or proper to co�6erve the value of the Prope�ty;(c)lease the same or any part hereof for auch ren- � �� ' �������
<br /> ��'` ta l term an d upon suc h con d l t iona as i ta Ju dymen t may d ic ta te.UnlessTrustor and Bene(Icle ry e qree otherwfse in wrltlnp,any j �•�•'*.
<br /> ,�' � applicatlon of renta,Issuea ar prof�ta to any Indebtedneas secured hereby shall not extend or poatpone the due date of the In- ! 'b�;.-,
<br /> �` atallment payments as provided In the Loen Agreement,and the application thereof as aforesald shall not waive or cure any . : "
<br /> default or notice o}default hereunder or invalldete any ect done pursuant to euch notfce.Truator also assipns to Beneflcfery,
<br /> as further securlty for the performance o1 the obllQatlons aecured hereby,e11 prepald rents and all monles which may have
<br /> !� been or may hereafter be depoelled wlth eald Trustvr by any lessee of the Property,to secure the payment of a�y rent,And �
<br /> ' upon default in the perforamnce of any of the p�ovlslons hereof,Truator agrees to deUver guch rents and deposits to the
<br /> , Beneflciery. DeHvery of wrNten notice of Benelflcary's exerciae of the rlqhts granted herein to any tenant occupyln9 seid . �
<br /> � ,; premleee ahall Af►eu}flcipnt t�requfre sald tenam to pay sald rent to the Beneficiary until further notice. �
<br /> 9.ConMmnation.If title to any part of the Property ahall be taken In condemnadon proceedinga,by right of emfnent domaln
<br /> ,.,� •. or similar actlon,or shell be sold under threat of condemnatlon, all awarda,damages and proceeds ere hereby assipned and
<br /> � , . .'.. • ahall be pald to Beneflciary who shall apply such aword,damafles end proceeds to the aums secured by the Deed of Trust, , I�
<br /> ��`: .� . • �•� � with the excess,H any,pald to the Trustor.
<br /> � � 10.Futun Adv�nc�a.The Loan Apreement provfdes(or advances frorn time to time to Trustor by Beneficiary as provided
<br /> I thereln.In edditlon,upon request of Trustor,Beneficlary,at Beneflclary's optlon,prlor to reconveyance of the Propeny to the
<br /> Truator,may make additionel future advances to the Truator.Such future edvances,wlth Interest thereon.shall be seCUred by
<br /> thls Deed of Trust when evidenced by promiseory notes atating that said notes are secured hereby:provlded that at no time
<br /> ahali the eecured principal and iuture advances,not Including suma advanced to protect the securlty,exceed one hundred pe�•
<br /> • � cent(100%)of the original principal amounts aecured hereby.
<br /> t1. R�m�dl�s Cumul�tiv�. All remedlea provided In th�s Deed of Trust are distinct and cumulative to any other rlyht or
<br /> `' remedy under this Oeed of Tru81 or aiforded by law or equlty,and may be exercised concu�rently,Independently o�aucceasive•
<br /> ly. ,
<br /> • � 12.Accdsralion;R�m�dl�s;Sal�.A de}ault shall exfst In tne event of:
<br /> {� . (A) Any traud or miarepresentatlon by the Trustor In connection with ihe line of credit whlch this Oeed of Trust secures;
<br /> �,,;;` ; ,:• . (B) Any fallure on the part of the Trustor to meet the repayment terma In respect to the Loan Aqreement and any other ad-
<br /> •. � vanCes under thia Deed of Trust hereby secured:and,
<br /> , �C) Any actlon by fhe T�ustor prohibited by the terms ot the Loan Agreement or this Deed of Trust or any faflure of the Trustor
<br /> �.. . �• 1 to ect as reouired bv the Loan Aareement or thls Deed of Trust.each of which Trustor hereby ag►ees have an adverse ef-
<br /> T' ' feCt on the Beneficiary's security for the Ilne of credit establlshed and the riqhts of the Benefici8ry fn such security,
<br /> � �. and upon the happenfng of any such event of default,BeneflCiary may declare all aums secured hereby immedlately due and
<br /> • t:
<br /> ' peyeble by dellvery ta Trustee of wntten declaratlon of default.The Trustee ahall have the power of sale of the Property,and ff
<br /> � �� Beneflclary deslree the Property to be sold,it shell deposlt with Trustee thls Deed o� trust and all promissory notes and
<br /> � � doCUments evfdencing expenditures secured hereby and shall dellver to Trustee a written notice of defeult and election to
<br /> , • ceuse the Prn�erty to be sold,and the Truatee fn turn she11 prepa�e a notice In the form required by law,whlch shall be duly fSl•
<br /> � ed for record by Trustee.
<br /> (A) Atter the lapse ol suCh tfine as may be requlred by law lollcwing the reCOrdation of said notice of default.and notiCe of
<br /> � default and notice of sale havinp been given ae requlred by law,Trustee,wltheut demend on Trustor,shall sell the Proper-
<br /> • ty on the date and et the fime and place desfqnated le sald notice of eale,at publlc auctlon to the hfphest bldder,the pur-
<br /> � � � chase price payable In lawtW money of the United Stattle at ti�n limn ui safe.Tt�e pn��un wnduc:li��y tha sate may.!or any
<br /> ceuse he deems expedlent,postpone the sale from tlme to tlme until It shall be completed and.In every such case,notice
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