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<br /> � , �� - notlflaaflon to Truetl�and B�nNlal�ry.In ihe�wnt any pallnY h�r�undN Is not nn�w�d on or b�foa fI11Nn(16)d�y�p►IOr to ____
<br /> Its�xptr�tlon dats�T►u�tN or B�mNafary m�y proaun suah Insur�na In aacord�no�wlfh th�provblon�of Panpr�ph 7. ��;:�;�=�-°�°
<br /> ;�, Truetor ahell dellver to BsnNlalary Ihe orlpinal pollal��of Inwr�nc� �nd rm�wd�th�nol or copl��of aoh pollal�s�nd _;:.
<br /> L , renewpl� th�r�of. FNlun to furnlsh waA Inwranc�by TroNor,or nmwab a�r�qulrsd horeu�der. ehall,�t the optlon of ���--�_-°°—
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<br /> �M' Beneilolary,conatltub�d�lualt.All un��rn�d pnmlums aro h�r�by a�flpn�d to TrautM�s addlllond ucurity,and a��Is�nd �;�_�-::� _
<br /> "' convoy�nae of the Propeny by the TrusNS eh�ll opsrd�to conv�y to th�puroh�ar tM Tru�tor'�Inhntl In�nd to�11 pollalee '�=-=
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<br /> of ineur�ncs upon ths Trust Prop��ty. -�°
<br /> S.Tax���nd A�sa�nNnf�.Trustor sh�ll p�y�II t�xea and spsclai asse�sm�nts Isvl�d or�ss�ss�d aqNnsl,or dua upon,the ___
<br /> Propeny befar�d�llnqwncy and wlll dellv��to B�n�flol�ry coplss of rocslpls showln�p�ym�M of .uoh t�x�s and�peolal ;�,,-,�_
<br /> ' a�s�eamAnte. �
<br /> u 8.Addltlond LNn�.Trustor ahall make all pAyments of Intereet ond principd,and peymenta of any other oherpea,feea,and '��;:<�_�-_--_-�=-
<br /> expensee contracted to be p�ld to any exletlnp Ilen holdera or prlor Deneficl�rlea unde�any prlor De�d of Truat,Mortpe�a or --_-_
<br /> other seaurlty�9reemenf, befqr�tho d�te th�y a�s ddlnqueM md to pay any oth�r ciaim whlch jeopardl=�s the s�curlty -----_
<br /> • �,. . • '• . ' yrant�d hereln. -
<br /> „��� • 7.ProMcNon o18�r�Qcl�ry'�S�curiry.3hould T�ustor faU to meke any p�yment,fall to do�ny act aa horoin provldgd or If �;�
<br /> any�aatlqn or procaedlnp la commenced whlch materlally affects BeneNcl�ry's Intereat fn the Properly, includlny, but nqt '�' '` - -
<br /> � ti , . • Ilmlted t�,emlltelnt domaln,Inaolvenay,arranpementa or p►oceedinqs Inrolvinp a bankrupt or deaedent,then Beneflolary or �---�--��i�-:---�-�-�-
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<br /> � Truetee,but�wllhout oblipation to do eo,and without nottce to or demand upon Truata,end without roleealny T�uator f�om any ___
<br /> ' olbipetl4n hArounder,m�y make or do the eame,and may pay,purahase,conteat or compromlee any encumbranae.charge or ��
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<br /> ., f � • tlen,whlah in the�udpmant of elther oppeara to afteot sald Property;in exerolsinp any such powera,the Beneftalary or Truotqe �s.�.-_-__ --
<br /> � � may I�aur a Ifabilltya�d expend whdevar amounts„Includinp olebursemente of reasonable attorney's feea,whlah in thair ab• �
<br /> ,::,;� � , • • eolute dlscretion m�y be necessary.In the avent that Truator ah�ll fall to proaure Insuranae,fall to pay toxea and epealal � T��
<br /> • - t exisNn or rlor Iten holders or beneficiarlea,ihe Beneficlary may procure euah ��:••�;.-�•
<br /> � � � aeseasmants o►fallto meke any peyments o p p
<br /> ' � 't::` Ineurance and mak�such paymente.All sums incurred or expended by Bene(Ielery or Trustee In aceordenoe wifh th�provb �:��-�
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<br /> '''�• aiona of ihe Deed olTroat are aecured he�eby and,without demand,ahall be Immedlately due and payeble by T�ust4r end ahell � . ��,._
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<br /> � - bear Interest ot the rate provided b�advancea unde�the Loon Apreement; provided, however,thet at thq aptlon of the y�-��
<br /> deneilciary or Truatee,auch aums may be added ro the princlpel balance of any Indebtedneae eecured heroby and ehall baar =___�- ''-`
<br /> ` the same Interest as auch Indebtedness and ahall be payable retably over the remaininp term thereot -��.��: _
<br /> �•� � " ' S.Asslanm�nt ol R�nts.8enef lolary ehall have the riqht,power and autAOtity durinp the contlnuenae of•thle Deed of Truat to ° ..:°,f:;
<br /> . collect ths rents, laauea ond proiN�of the Property and of any personal property located thereon with or without taklnp � ,.
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<br /> � �� � poasesalon of the Propeny affected hereby,and Trustor hereby Absolutely and unconditlonally assipna ell euch rants,leeuea �,.:;_;:� _
<br /> ���'' T and proNts to Beneflalary. Beneflcl�ry, however, heraDy Coneents to the iruato�'s coiieation and ►ete�ti�n oi auah renis, ';''.�A'''`" __
<br /> � � � leeues and proflta oe they accrue and become payable ao lon�os Trustor le not,at such time,In default with reapeot to pay u'��:,•_�••��
<br /> � ment of any indebtedneas eecured hereby o� In the performance of any ay�eement hereunder. Upon any euch default, ;'':;•��•���---
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<br /> �` BeneHc�ary may at��y time,elther In pereon,by a�ent or by a recelver to be appo�nted by a court,wlthout notice and without -i�'�:�_�;•3:�::•, �'
<br /> repard to the adequacy of any securlty for the i�debtednesa hereby eeaured:(a)enter upon 4nd take poasesslon of the Proper� ;� �.�'��`�
<br /> ty a any pa�t lhereof and In Ita own name eue for pr othennrlse collect such rente,lasues ond proflta,including thoae pest due :�,�;'��• '%.
<br /> ond unpald, and apply the samo, lese coata and expe�aes nf operetfun and collectlon,Includinp reaao�able attorney feea, �f`;i:•,:.= � _
<br /> , upon any Indebtedneae secured hereby end In auoh order as 8eneflclary mAy determine;(b)perform such�cts of repplr or pro- . ...
<br /> tectlon es may be neceaaery or propar to conserve the value of the Properly;(c)lease the same or any part hereof for such ren• ..... . • .r �'
<br /> tal tertn and upon aueh condltbns ae Ita)ud�ment may dlotate.Unleas Trustor and Beneficlary apree otheryvise fn wrltlnp,any :,�,:.�
<br /> � „ appllcatlon of rents,tesues or proflta to any Indebtedness aecured hereby shall not extend or poatpone the due date of the In• 3 ;;,.,: `
<br /> �;��� � stollment paymente as provlded In the Loan Apreement,and the applicatlon thereof as aforeseid ehell not walve or cure eny ����
<br /> �����'�� '� default or notice of default hereunder or Invelldate any act done purauaM to sucA notice.Trustor also asalpna to Baneficlary, ... :�``-
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<br /> � '� ae further aecurNy lor the per(ormence of the obllyatlons aeaured hereby,ell prepald rents and all rnonles which mey have '�^�t''•'� %� - �
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<br /> p ,� ' � beon or moy hereafler be deposlted with eald Trustor by any leasee o11he Property,to secure the payment of any rent,and , i.a.ua:�
<br /> � upon d9fault In the perforamnce of any of the provislons hereof,Trustor agrees to dellver auch rents and deposlts to the ° `"�`-� `
<br /> . i _ . . � 8enellclary. Delivery ot wrltten notice of BenelHcory's exercise of the riflhta granted herein to eny tenant occupylnp sald �r; •_'-�°�'�`
<br /> • ; premises ahall be oufflclent to require sald tenant to pdy sald rent to the Bene}iciary untll fuMher notloe. ��. � �.,���;�'"-
<br /> �� 9.Cand�mn�tlon.lf tltle to any part of the Property ahalf be teke�In condemnatlon proceedings,by rlght ot eminen4 doma�n ,;'�,:�,;�,�� .�,�•�Qr+;:�.
<br /> ' � ' or simllar actlon,or shalt be aold under threat o1 condemnatlon,all awards,dameges end proceede are hereby asslqned and ' ,+�=;}�`��''�+`:�
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<br /> , eNall be pald to Bsneflclary who shall apply auch award,damapes and proceeds to the aums aecured by the Oeed of Tru91, '�;1-<<:r'.�-.-
<br /> witA the excess,If any,peld to the Trustor. �����
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<br /> � 10.Futur�Ad��no��.The Loan Apreement provides tor advancea from tlme to time to Trustor by Beneficlary as provided �:"���• '�
<br /> � '� ., thereln.(n additipn,upon requeat o}Truator,Beneficlary,at 8eneficlary's option,prlor to reconveyance of the Property to the ��'�'��,'� •
<br /> # True tor,m ay m a k e a d d l t l o n a l f u t u r e e d v a n c e s t o t h e T r u s t o r.S u c h f u t u r e a d v a n c e s,w l t h I n t e r e s t t h e r e o n,s h all be aecured b y �
<br /> � thia Deed of Truat when evldenced by promlasory notes atating that sald notes are secured hereby; provided thet at no time
<br /> ' shall the aecured principal end future advances,not Including sums advanced to protect the security,exceed one hundred per• i �,.„
<br /> cent(700%)of the o►Iginal princlpal amounts secured he�eby.
<br /> 11. Ii�m�dNs Cumul�tiv�. All remedles provided in this Deed of Trust are distinct and cumulative to eny other rlght or
<br /> remedy under this Oeed of Trust or efforded by lew or equity,and may be exercised concurrently.Independently or successive• • :�
<br /> ly.
<br /> 12.AccN�ntlo�;R�m�dl�r,Sal�.A default shall exist in the event ot: •
<br /> (A) Any fraud or misrepreaentation by the Trustor In connection with the Ilne of credit whfch this Deed o}Trust secures:
<br /> (B) Any fallure on the part of the Trustor to meet the repayment terms In respect to the Loan Ayreement and any other ad•
<br /> vancea under thla Deed of Truat hereby secured; and,
<br /> �
<br /> _ (C) Any oCtlon by the Trustor prohfblted by the term�of the Loan Aqreement or this Deed of Trust or any fallure of the Trustor
<br /> fo uct as requlred by the Loan Agreement or trns Deea ot i rust.eacn oi wnicn 1►US[Of flBfeUy Ny�tlet$i�arv ni�au'vviao or "
<br /> fect un the Benef�cfary's securlty for the Ilne of credit established and the riphts of the BeneHclory In such security,
<br /> and upon the happening of any such event o1 default,BeneHclary may declere all sums secured hereby fmmedlately due and
<br /> payable by dellvery ta Trustee of wrltten decleration of default.The Trustee shall have the power of sale ol the Property.and if
<br />_ ' • Q�neficiary �^sfres the °�ope�� to be sold, !t shall dnposlt with Trn��Pw this Deed of truat and all promissorv notes and
<br /> documents evinencing expenditures secured hereby and shall delfver to Trustee a written notice ot default and etpction to
<br /> Cauee the ProFertyto be sold.end the T�ustee 1n turn 8he11 prepere a notiCe In the form�equlred by law.whlch shell be duly ff�
<br /> ed for record by Trustee.
<br /> � (A1 After the lapseof such llme as may be requfred by law�ollowfng the recordation ot sald notfce ol default.and not�ce of
<br /> default and nollce of sale havfnp been glven es requlred by law.Trustee,wlthout demand on Trustor.shall sel�the Proper•
<br /> ty on the date end at the tfine and plece deelpnated In said notice of sale,at publlc auctlon to the hlghest bidder.the pur-
<br /> Chase prfce payable fn lawtul mo�ey of the United States at the tfine o}sale.The person conducting the sale may.for any
<br /> cau8e he deems expedlent.postpone the sele from tlme to time untll ft shall be completed and.�n every such case.notiCe
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