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<br /> Y notitlatbrt to Trusta��nd�alary.la th�wwlt an�►Po1k.Y h�nu��b`not rai�on arl�fon NttMn q5!d�s P�'a � '
<br /> its�xplrMtlor�dN�,TrwtM a 8�ficiarfl�y P���►iraunne�{n accord�ne�wftA th�praWsions W P�ra�rape T-
<br /> Tn�sta ahall dNtwr to 8�flclull th�oripind polkNs ot�inwr�no�apd.r�wwats th�n4f or coPNs ot such polk��nd
<br /> ►�w�is thK�of.Fatlun to fure�ish wd�insur�b�►Trustor.or�wab as nquind lMnu�.shati.at tAs.upNon o�
<br /> 9Meticiary:coonstttirt�a dNwtt-All ue�wn�d DnmN�nts an h�►�f1 aN�d to 7isutN as addttbnai s�carftf►,and�sate and �
<br /> �� _ oonw�lanw ot th�Pro�rty by tM TrwtM stuti opKat�to ca►wf►to th�pn►chaf�i'tMTnista's intanst In and to att pWlctas
<br /> � ot inwranc�upon tiw Tn»t ProRNty � ` -
<br /> - — 3.�ui�s Md�M�.Trusta�hal I pay�IbUxM an0 sp�clat aaasnimts Isvl�d or sss�a�d NNinst�a dw upon.the <
<br /> = p�pp�ty pr(on dNinqu�s�cy and wlli Q�IIvK to B�nfflctuy capi�s ot�xsipts showinp psyment of wcA_�ax�a and spsclal _
<br /> �_` �rMnts. .
<br /> _ =�': a A�IIoMI LMn�.Tnator ahait m�k�d!payrtNnts ot(Me►s�t snd prin�ipsi,and payn�nb�oi anr otl�char�tNS.and _
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<br /> -� �cp�fia contrict�d to M W�d to any fxlstirp!Nn IwldNS ar Pcior b�n�flclarNs und�r any Prior D�sd of Trnst,lllort�ap�or
<br /> -- ottNr Maurtt�►ap��rt�n�bNor�tM dN�tMY an dNinqwnt and to Mf►�7►otlwr ctaim whkh I�oWnfizss tM s�curitY
<br /> '�f,, � h�oNetlon of MnN(eMrys�OwMy Shoutd Trustor tail to mak�anY PiY��.tail to do any act as h'srsin providid ar�it
<br /> � �ny actio�l or proc+�dirq Is Cotnrtl�nced which matKlally aifects'Bsn�fiCiary's ftnerest tn ths FrcpMy,inCiudinp.but�ot
<br /> - ltmft�d to,�nin�nt tJanaln�insolMancy.ura�n�nts or proci�dings lnvohin�a b�nivupt or�c�dsnt.then B�nsftciuy or __
<br /> TrustN�but wtthout obli�atlon to do ao,and without nottce to or demand upon Trustor,and w[thoui releas[np Trustor trom ar►y
<br /> ' r��, olWgatlore h�t�un�r:maY mak�or Qo!M same.�d maY�Y.P��cDss�.contest or cQmPro!M�e u►Y encumbrancs�chu�p or
<br />- . _:�.i,., Il�n,which tn tM]udpnfent�of MtMr�ppMrs to+tfi�ct�a10 Pnop�rty;in ez�nciNrq�ny sucA powus.ths Eisnsficluy orTtust�s __
<br /> may tnc�r a IiabNtty and�xpsnd+wAatw��mounts„tnctudiny disburs�msMs ot reasonabt�sKorney's teas,whtch tn th�ir ab- _ -.-
<br /> _ sotub discrNlon ma�t bs nao�s�ary.tn ttN ewnt that Trustor shati hil to procuro irtsurance.i�ti to pay taxes and sPscia� _
<br /> _ . �� ,�:i es�N�nMnts a htl to maks anr payrt�nts to sxisitnp or prtor ikn hoW�►s a bsneflclaries.th�B�ficTary may procun such ---.
<br /> - <„, _�. tnsu�and mak��ucb p�yments.Al!sums Incumed asxp�ndad by BafNictary or Trustas in accadancs with tlie provt- _�,
<br /> , � `f"-j��'' :�`"° �bns of ths D�sd of Trust ue sscursd Asrsby and.witAout demand,shaN b�Imm�distely dus and payabte byTrustor and shsti � =-
<br /> .�$• .��s :' . _�, ', , �". y
<br /> °:'� ' ' `•' bsar Intsrsst at ths rate prpvlQsd to►adrances undsr ths Loan A�reement; provide0,hoM►eNe►.that at ths option ot LE�et
<br /> BMSficlary or Trusteb,auch sums may be addsd to ths pri�cipsT Wtancs of any Mdabtedness�ecure�6 herely and shsR�wr ��
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<br /> • ' � �• the s�me Intereat as such indebtsdnssa and ahall be payable�atabiy over ths rsmatnin�term thsrsof. „:��•�>c;
<br /> .,•:-, . � S,A�Npw�nf M prM�.8ensticlary sMtl hirs ths d�ht;porrer and authority aurinp the continuancs of this Qsed of Truat to '`,r.;.. �Y
<br /> . • ooNscl ths rents,Issues at�d prof(!s of ths PtopsRy and of any personal property loc�tsd thereon with or�;2hput takirp =�•���
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<br /> __ � _ .._ possession of ths Prcperty aHscts,tf hereby,and Truator hereby absotutety and unconditionaity aasipns�II auch ients,iasues ��'.'::--
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<br />.. ' .' and protits to Benetictuy. 9snsficiary,howevsr.hereby cons�nts to ths Trustor's coltectbn and rotention of�auch�ts. :+�:
<br /> ' • • hsuss and profits�s thsy accrus and�eCOms paYabls ao bnp as Trustor Is not,at such time�tn dstauit witA se�asct to ps� ,�a�-=•__
<br /> ' ' � msnt of any inds�tedness ascurad hsreby or tn the pertormancs of any a�rssment hersunds� Upon an�:aucl�dehult,� . ���T��_--
<br /> � - � - Bsnsfkhry may at any lirt�aFther in psraon.by apent or by a receiver to bs sppointed by a couA,without notics and without ''��-
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<br /> • ropard to the�dequacy of any ascurity for the indebtedneas heroDy securod:(s)enter upon and taks posaesslon of the ProDer-• ; r`'�`�` -
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<br />-- _.._ _. . -. ._...-, - .- , ty or any paR thereot and tn its own nsme aue tor ar otherwise colisct sucb rents,iasues a�d proffis,includtn�thoae pas�due `�` ` ;°'
<br />= � . . . and unpald,and appty the aame.lsas coats and expenses ot operat+an and colfectlon.includi�roaaonabts attomeq Teea,
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<br /> . � upon any indebtedness secured hereby and in such order aa 8eneficlary may detennine:(b)perform auch acts of�epair or pro- _
<br /> ' tectlon aa may be necessary or proper to conaerve the vatue of the Property;(c)leaae the same or any paR.hereof tor�uch reo-
<br />. � ' .� � � tal tenn and upon auch conditions aa tta jud�ment may dictate.Unleas Trustor and Beneitciary a�ree otherwise In vrritin�,any '" �.�
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<br />� � '� � � , appllcatlon of rents.issuea or profits to any Indebtednesa secured hereby aAail not extsnd or poatpone the due date ot the In- F . ��
<br /> i" >.���� ' � • � � atalimsnt paymenis as proWOed In the Loan AQ�eement,and the ap�7`i�ation thereof as eforeaaid shalt no!waivs or cure any � , -
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<br /> �;,;.,-•,. � 'Qefautt or notice of defauit hereunder or invalidate any act done p�rs�u;�nt to auch notice.Trustor alao asaipns to 8eneflclary, f� r`
<br /> '� . . " as turther security tor the performance of the oblt�atlona secure�;�feby,au prepald renta and ail moniea which may have � . : . �.
<br /> ��� � ��`�"'�` ' • �� been or may herasiter be Qep�s�ed with satd Trustor by anY tessee of tNe Property,to secure the paym�ni of any rent,and <���,. .:-•= .,
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<br />, � • : `•;s�,��,�� upon defautt In the perforamn�of any ot the provistens he:ea'�.Srustor agrees to deUver such renta and deposita to the }, ' „ __
<br /> - ` '•: Beneticiary. Detivery of written notice ot�eneiflcary's exercise�":5e rfghts yranted herein to any tenant ocCUpying eaid �• . . .
<br /> . ;'' . � "��� promlaes shall be sufflcient to require sa�d tenant to pay said re:�±o the Beneficiary until further notice. ;, � ; .
<br /> ;.°;, .
<br /> �������:� � _`•-'�I ' �.Cond�mnation.lf title to any paR ot the PropeRy ahaif De taken in condemnation proceedirtys,by rtght of eminent dom�`+n �
<br /> ,c,� „ ;..:;1.' _ . • ' � .�
<br /> • � �`.t�r,,t� � � c�'r�f_�ilar action,or shatl be aold under tfireat of condeeer��ilon,all awarda,damapes and proceeds are hereby asalyned and � . . _ . �,•
<br /> '-�'�1i'`'`• str.a[r be patd to 8eneficlary who shali aAP�Y such awau�.�ameges and proceeda to the sums secured 6y the Deed of Trust.
<br /> � .��,t:'+:;�s;.,, . . . :t•.
<br /> � ``;+:f' ' w�ith the excess.If any,paid to the Truator. ' • •
<br /> `' �'•,';."�. � �. � 10:Futun A�nne��.The Loan Apreement provldea for advances�rom time to time to Trustor by Beneficlary as prQw.caed : . '
<br /> i �' �� therein.M addition,upon r�Leat oi Trostor,Beneficiary,at 8eneficlary's option,prlor to reco:s�yance of the Property t�3�+i:s � �
<br />�, �. ;�:,.1'S`;;; . ��. : � Trustor,may make aQGitiar:ws f'�4ure advances to the Truaior.Such future advance�5,wlth intere�"thereon,s�ratE be secusey i�y • � .
<br /> E �' ��' �� this Deed of Trust when ev!�-�ced by promlasory notes etating that satd notes a�secured t�reby;proviae0 that at no time
<br />��, ''�"�'`� . shatl the secured principal and future advances,not including suma advanced to���"°�t tfte s_,r:rity,exceedane hundred pea
<br /> ; ; ' '� ` cent(100'/e)of the oripinal prUcipal amounts secured hereby. '
<br />?�� � 11.R�m�di�s Cumulattw.All remedles provided in thls Deed of Trust are distinct and c�mufative to any other right or .
<br /> �-; . , remedy undei this Oeed of Truat or afforded by Iayx or eQuity.and may he exercised concurrert+�,tndependently or su�esslve-
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<br /> R� . _� �; . �. f2.AcatN�tion;R�m�dl�s;Sab.A detault shatl exi91 In the event of:
<br /> ' . (A) Any fraue oe mlarepresentation by the Teustor in connection wfth the line of credit which th)s�eed of Trust seeures; •
<br /> � ' (B) Any 18itnr8 On the part of the Trustor to meet the repayment terms�in respect to the Loan Agreement and any other ad- '
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<br /> , vancea under this Deed of Trust he�eby secured;and, �
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<br /> (C) Any actlon by the Truator prohibited by the terma of the Loan AQreement or this Oeed of T�ust or any fallure of the Truator .
<br /> . � to act as required by the Loan A�reement or this Oeed of Truat,each of whlch T[ustor hereby aprees have an adverse ef- � • .
<br /> � tect on the Beneticiary's securit;for the Itne of credit estabtished and the rigMa of the BenefiCiary in such security,
<br /> - - -' and upon the happeMng of enY auch even!of delauit,Beneflciary may declare ell sums secured hereby immediatety dua and .
<br /> 4 payable by delivery t�Trustee ot written declaration of default.TheTrustee shaii have the power of sate of the Property,and if
<br /> � Beneflciary dealres the Property to 6e sotd,It shall deposit with Trustee this Deed of t►ust and all promissary notes and
<br /> � dxuments evluencing expenditurea secured hereby and shail deliver to Trustee a written notice of Qefault and electipn to'
<br /> '� • • , � _ cauae the PraFerfy to be sotd,and'the Tru�tee in turn aAalt prepare a�otice In the form requtred by law,whicb shall be duty fit-
<br /> ed for record by Trustee. .
<br /> 't� ^�� (A� Aiter the Iapae of such time as may he required by law tollowinp ttie recordation of said nottce of defautt.and notice of � � � .
<br /> - � ' _ defautt and notice of sata havinp been piven as requlred by law,Truatee,without demand on Trustor.shatl sell the P�oper-
<br /> ,� � � . ty on the date and at the time and ptaee�de�tpnated In satd notice ot eate,at publlc auction to the highest bidder.the pun
<br /> ' chase prtcs payabts in lawful money of the United States at the time of�ate The peraon eonducting tAe aate may.tor any •
<br /> . � ' � aiuse he deems expedient.postpone the sate from time to time until i!shalt De comptetee and,in every such case,notice
<br /> : � . _ MF�01SpAW • , � '
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