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<br /> _ ------_ � �.,,r � . 93"� 1.�.Ot�l,�
<br /> --------- Citla attd othrr �al� �xpssts�, ana a t��-!�s•• �!� not to -
<br /> �xa�ad lour psro�nt (4�) o! tt� qro�s �a�� pric�l
<br /> __ (Z) To th� paya�nt �! th� obiiqation a�aured by this Dwd�o!
<br /> Trust ana TrusC D��d 11ot�r
<br /> �� (3� To ths payasnt of i unior Tsvst D�n, aortqaq�s, or ot.hsr
<br /> ��� lisnholee'l�ra t ..
<br /> -- (4) Tt►a b�lana�, i! any, to ths p�rson or p�rsons l��lly
<br /> - - sntitl�d ttLar�to.
<br /> 8. opon th� oaaurrwnaa o! any dolault tur�u�d�r, BEH81�'ZCI7IRIBS -
<br /> shall hava, in addition to suah athar options as �sy bs
<br /> � grant�d h�arein, tha turther option to !os-QCloss this DMd o!
<br /> Trust in ths aannor providsd by lav !or loraalcsut�s o!
<br /> :�i" aortgaq�s on real proparty.
<br /> g� ggNgglCl]�RIBS aay lro� ti�s to tia�s aubstituta a suaa4ssor or
<br /> �uac�s�or� to an TRVST88 naaad herein or aa�inq 2�r��e►dax'• --
<br /> y aa
<br /> P
<br /> . , � IIpon suah appoint�ant, and without aonvoyana� to th� suac�sscr
<br /> �+�° • , � : TRIIST$8, tho latter shali be �•oated with all titls, pavars.
<br /> ����"' "- �".ti.. and dutiea aonlerrad upon any TRIISTFI� berain na�wd or aating
<br /> � ,� .
<br /> �`���'` herQUndar. Baah such appointaent and substitution shall b�
<br /> .,..:,c;:.,_, ,
<br /> �' ,� ,��. nade by writtan instruaent and executed by 88N8FiCI1►RIFS,
<br /> �;�'��� containinq rateranaa to thia neaa or �t and its pina� o!
<br /> �• �; �
<br /> �""Y'��;'''�`'. reaord, whiah, whsn reaorded in tbe Otlias of ths RaqiRt�r of
<br /> ���� D4ed� of ths aounty or aounti�a in wbiah aaid proparty i�a
<br /> '`��:::;,��":.�. situated, shall bs aonalusiva proof o! proper appoints�nt o!
<br /> ''�"'� `"''`"'"`�� '� thQ suaaessor TRUSTEB. The foreqoinq power o! sul�stituLion
<br /> .�!'.�'.�arF:+�.'`w3u:,.
<br /> -- - ,,::.;.:�-: .. � . a�nd itha procsdure �iis�ni�� shal2 �at ba sxa2t�.:�`J8 Ct' t338 j�Q�*_'
<br /> '�. ' and proaedura provided for by law for the eubstitution of a
<br /> �� � � . TRD3TSF! in thQ plaae of the TROST�E nased h4rein.
<br /> � G. TRIISTOR aovenants and aqrees that upon any atta�aptad �-
<br /> � � aonveyanae, assiqnment, pledqe or transfer of any og hi� =-
<br /> � intersat in the premises durinq the term o! ttte loan sscursd
<br /> � hersby, the BENEFICIARIES shall hava the option of d�alaxing
<br />_ �_.',�, • � . the unpaid balance immediately due and payabla, and if said -
<br /> � swn remains unpaid for filteQn (iS) daya th�areaftsr, _
<br />' "" BENEFICIARIES aan cause Notice of DePault to be given and the
<br /> ' , premises be sold as provided herein. --
<br /> i . , �-
<br /> H. As additional and callateral security for the loan, and t;
<br /> :..�:�:•:':. el�ective forthwith upon filing of a Notice of Default, this ���
<br /> � instruaient shaii sarve as an assignment by the TRU6TOR to the ''
<br /> ,-:
<br /> �-
<br /> � � • Ti2USTEE, of all rents arid revanues reaulting �rom the �..
<br /> � .'"" propBrty, and TRUSTEE is authorized to take possession of the ''`
<br /> �r+ property, rent or lease the same on terms he deems be�t a,nd to �-
<br /> _ . `r+�`,a"r`." " -
<br /> � �•�`' aolleat thQ rents and revenues and apply the same upon unpaid �-
<br />�..,_ +�
<br /> -- •��� •� � � interQat, principal, taxes or insurance prent3.ums or �or ..
<br />��`' -� -��'.�;� maintsnanae and preservation of the pranises. _
<br />,�� �vc.y ;,�.; .
<br /> .� . ;,.�':. .`.
<br /> �:;„��.L, .�.�R I• The waiver by TRUSTEE or BENEFICY�RIES of any detault of ,_
<br /> t„.',.y�: . TRUSTOR under this i�eed of Trust, on one occasion, shall not
<br /> �����.'•L• •���. . ���� be or be dsemed to bo a waiver of any other or sini�.ar
<br /> �u:r=�`° ���', defaults subsequsntly oacurring. ���
<br />.. -�' -1F���Y;.:.^},
<br />``,�'''' " ,.,;�;, J. If title to any part of the property herein shall be taken in
<br /> -- - � � �;� condemnation prccaed;ngs, by riqht of eminent domain, or ;:-
<br /> - ;_.,, aimi.lar action, or ahall be sold under threat o! cond�tnatf.on, �;.
<br /> -- -----= all awarda, da�aq�s and procoad� ar.s heraby u�siqned and shall __
<br /> "'—�=—;;� be paid to the HENEFICIARiBS, �rho shall apply �uah pay�a�nt, or ==
<br /> �� any part thereol, in their sola disaretion, to tha sus dus at ��_
<br /> �.J__ li 2� w��'J �� ns....�a �..w �n...,�� n.�A �ie+t�. vi l�1� snv
<br />. - LAaL i:J.aw via uas. uvoaa va a...�.. .....� ---� ..�—�. _._ '''
<br /> balanaa above the �ount duo horaw►dor payabla to the TRUSTOR. �-.
<br /> lC. Tha BBNSFICIARISS, their agants or raproaantativas, ar� htr�by ,
<br /> authorized to ontsr, at any r4asanabl4 tias, upon any part o!
<br /> t�ha trust property for the purpoae� o! inapeating the sa� and =
<br /> ;�
<br /> -5- ..
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