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<br /> . � , � . ,� ` - . �. ..'� � , . - � . .
<br /> • ' Lender.�` T�te foregoiag �ra�rrantfes and representbtio�s, an� _ �
<br /> � 8oxro�rar's obligations pursuant to�"tfie foreqo3nq indear�3.ty, shall
<br /> , . anrvive repaysent of �he l�otie and the reconveyance of this Oeea
<br /> . , bf Trust. ' � `
<br /> ' � g. �issignment of Rents Nanaqement of Propertlt.` Pls • �
<br /> 'additioaal secur ty hereun er, Borroi+er er y as�t qns ta Lender �
<br /> the rents. issues and profits of the Property, .provided that
<br /> 8orro�er shall; prior to accelerat3oA under paragraph 11 hereof
<br /> � .or abandon�srt of the prapertp, have the ri,qht to co2lect and
<br /> .setain anch rents. �ssues aud profit�s as thep becoaa due and pay-
<br /> able: Dpon .acaeleration or abandan�ent of the Property, Leuder
<br /> ' � aiay, either in person. or b}� aqent� witU or withaut brinqinq any '
<br /> action or proceedfaq, or by a receiver appointed bp a court and �;��
<br /> < � Without regard to the adequacp of its security, ent�r upon ,and
<br /> taace possession of the Property, or anp part thereof, in its o�m ,
<br /> � , name ox in the name of the Trustee, and do any actis which it
<br /> deeas necessary or desirabl� to preserve�°the �value, mnr'ketab�ifty.
<br /> - or rentability of the Property, or any par� thereo��or interest
<br /> � ��� t�ierein, increase the incwae therefrom or protect_ the secn�rity _ , .-.
<br /> hereof and, with or t+ithout taking posaession of the PropertY,. •
<br /> sne for or otherwise collect the rents, issues and-profita_ � � �
<br /> thereof, fnaludinc}�those pa.st due and nnpaid, and, apply the. same,
<br /> --�---- � , Zess cqsts and expenses of operation and ebllection, inc�u8ing ,
<br /> ' . � � at�vrneys' fees, upon any indexitedness secured hereby, all in - . �
<br /> -�--�°--°„� � sntc�r order as Lender may deteraiine. The enterinq npon, and takinq : _
<br /> ��`°`_— � ptissessioa of the P=operty, the collection of such rents, issues _
<br /> ��'>>��' , and profits�anrl the application thereof as aforesaid, shall aot _
<br /> � ���%� � c�re or ;Waive any default or ttotice of default hereunder or ----
<br /> inv�lidate any act done in response to such default or pursnant
<br /> -"�'��=��`�'� � to:�such notice of default aad, notwithstandinq �he continuance im; : __
<br /> . �;; .
<br /> � ppssession of �he Property or �the collection, receipt and applica-�' �__
<br /> � .�z���� � . tion of rents, issues or profits, an8 Trustee and bender shall be ��,��f�,
<br /> , � t., ��; -
<br /> �''�`�_:.� - entitled te exercise every right provided for in aay of the Loan �.��:_..
<br /> x_4,:.� ;.,; ;';.�
<br /> �;,�#���•,._. _ Instruments or by law npon occurrence of any Event of Default, ��";j��:
<br /> .�;;..� � .. . , �:",.��t:'H
<br /> ,�r��.,:;; ',.�,,_ � including, withvut iimitation, the right to exercise .the pawer of
<br /> .;.... � � >: � sale. Further, L'ender s rights and remedies under this paraqraph ,-
<br /> ��``''• �. .-•� �'' 9 shall be cumuTative with, and in no way a limitation on, k � . . :
<br /> ;�,�.,�� .: . ,..,a.;� ..
<br /> �°"'�""�'- � �' ' � I,endes's riqhts and remedf.es nnder any Assignment of Leases and � .,:.-. __
<br /> .;��`+��� <��� •� � � Rents recorded aqainst the Property. Lender, Trustee and the + � °•
<br /> ;s.�1Y�,_+:...,;_:,- t. , —
<br /> '�=�`�-x -�� � - � receiver shail be liable to account only for those rents actually • ��� =
<br /> � � . . �
<br /> - �.�:: seceived. �" � F:
<br /> �.�''r` � • . � � --
<br /> �.;�:,..,r:•' -..:...; ' ,, —
<br /> ��°. � 1�. Events af Default. The followinq shall coans�itute � ::.
<br /> y �';��' � � an Event af Defau � under th s need of �rust: -�'< '
<br /> •�4.:. ,;f,;';:r ' , , , ..;� , .
<br /> L' ' ''',�y`
<br /> �.iris.:.`s_.�_�.�L .'.�p�{��,.� . � ,� r :�...,'-
<br /> _;.�:_ ; � . (a) .. Fai,lure t�o pay any installment of _
<br /> � _..���='��_ i.�;`; � principal or iatexest or any o�her sum secured hereby, � � :
<br /> �:-;,K..;, �� when due, or failure �o pay when dne any other indeb�ed- � . _
<br /> '��'.-:.:;::. � ness of Horrower to d.emdesi ''. � � .
<br /> _. . , . ' �
<br /> �. ;,�`.. .��
<br /> ����:. (b) A breach of or default under any provi- t- :_
<br /> ��Y�-;� � .�:: sion contained in the Note, this DeeB of Truat, any of � �. .�..
<br /> �1*� :�;.. ,
<br /> - the Loan Instrwnents, or any other encumbrance upon the
<br /> � � Property, after qiv�ing effect to a�y applicable cure ': �
<br /> . period contained thereint � �
<br /> :. .::.. . ..:.:::
<br /> � (c) � Writ of eaecution or attacl�ment or any � =� --���-
<br /> � similar process shall be entered ngainsti Borrower MHich
<br /> �.. _.-..,:c,-:�;�;"-,;.:
<br /> � shaii become a lien o� the property or ar�y portian � . �� ::�, '-:;
<br /> thereof or fnte�est therein1 � ..
<br /> . � , ,-::;
<br /> � tci) There shall be filed by or against �' _� ,_
<br /> Borroaer an action under any present or future federal.. � . .,
<br /> state or other statute, law or regulatfon relating ta } . :
<br /> bankruptcy, insolvency or other relfe£ far 8el�torst or , � �
<br /> there ahall be appointe8 any trustee, receiver or `-�`,-.-' •
<br /> � . ' liqufdator of Borr.o�er ar of nll, or a�y part of the ` �� � .
<br /> Propsxty, or the. rents, issues or profits thereoF, or � ' °�
<br /> . � BarsoMer shall make any qenerai assignment for !he � . , �•
<br /> beaefit of cre�ito.rs� `' �
<br /> �..
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