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<br /> ' notitk�tion to Trust�anif 8�tkfary.irt tM w�n!anY polloY Mrwndrr Is rat rM�w�d orl a b�iae fitti�n(1�dsys prior tP ..
<br /> � its�xpl�atbn dat�.Trurt�s or 8�niflctuy maY procun such Imuranc�1n�ccordanc�wtih th�provislQns_of Pat�r�ph 7.
<br /> ----- -_ . - Trusta sbali Wtirer to B�neftclary tM o�i�in�t potkNs of inauranc��nd nn�wafs tMnof or eoples ot quch poUctM�nd �'�
<br /> - - nn�wats 1�iQ1.IFtli�to tumiM tuch tnsuranc�Dy Trurior,ar�al�a'nqulnd heraunEN.shatl.at iM option ct =� ___
<br /> — - B�n�flciary,cotisUtut�a a�tua�t Au unnn�d�nrntums�n har0y assipn�d t+�TrwtN is sd01t1onal a�curity.�nd a a1e a�+d, � �-� -=--
<br /> °�� conwysnc�of ths�P�ropsrtY b3►tA�Trustw�hail optrat�to cohwy to th�purchaN►tM Trustor's fntK�at tn and to all pollc�es � � -r:----
<br /> -- —-- , < af insurana upon tM Trwt PropNtY: . � . , � �,� '�--_�- --
<br /> — - — `--5 TitN�GA�.Ttuiitustss!lpaXat!laxeaandsp�clNass�e�m�ntslivt�dorasaas�d�0�intt,ordwupon.th� _�':s---�.,.�rK._
<br /> ' i PropK►y bNa�d�linqwnc�and wul dNtwr to B�(IClary coplea ol t�ipts ihowinp paYm�nt�ot sucA t�xts u�d special ' � �Y =_-
<br /> ' �t�l�tf1l11ti. . , , �. ,: .:.u•`:,f��_
<br /> ` anif paYmsnts ot any othKCharpes,tNS,a� . ,. ._-_ ____._�=�
<br /> d.AMMflerul LMeN.Trostor ahsq nak�aA P�Y�u of int�ns!�nd prtneip�t. ;.�,.�.z;;,,=-:�.s-=_--
<br />_ f Truat MoR or �- .
<br /> n rior OMd o . WOe
<br /> . ixtstl N�n hqid�rs or rlor b�nsfietart�a under a y p
<br /> . �xp�n�s contract�d to bs paid to any np p w=�°
<br /> p►hK�cudty apceement,befaat the dats th�y are delinquent anef to pay any othsr clalm whEcA jeopardizes ths s�cuNty �., _ '"•����
<br />'�.'� � . , _-�',:.
<br />� �� �, ' - ���t����n. : . �� .�r�
<br /> -' � ..H:'.N•_�.;Ati ��•�'7i'.:'�'-'-,�.�::.R`:
<br />,%I� ; ai- _'•.:'��;�; y.ProMotbn of�fkiN���Cwily Sho��d Trustor tail to make any payment,faibto�do any�ct aa hemin provided or if ,, -��'�
<br />-f.`•. '• - ��� �Y Z any actton ar race�din Is commenced v►hich materlalty atiects Bensflct�ry's IntKest in the Properry,tncludinQ.but not : `�°_��5-'��.'
<br /> �#?:�.:::�,:a ._ D 0 ,.s. .
<br /> r_�.__-�.�_:=�'.. �,--x�. • Um t t e d t o.s m i t�►t d o m a i t��I n s o t v s a c y.+I rr a n�a m e n t a o r p�o c e e d i n p s i n'v o i v i n�a b u�k n i p t o r d e c s d e n t.then 8enefici a ry or .; ,:
<br /> - � ' .:,:,.''�' Truates.but wfthout 6bilaation to do ao.snd wttAout noticato or demartd upcn Trustor.and without releasi�p Truator tram aay • �
<br /> =�.�._-�:,..--�...�` '"' _'
<br /> .=�y,:._.,.... s., � ol�i�ation hsreunder�may m�tks or do ths s�me,and may pay,purchaaa,contes!or camp�romiss any encumbrance.char�e or ��'� : • -_
<br /> ' `'� 11en,which In tAs judpmsnt of ettheo appsar�to aifect�id Property;ln exercistnp any auch powsra,the Beneficiary oo Ttu�tee - --
<br /> :w.,a-,.�..::. � _
<br /> may incur�Habtitt�r snd sxpsncf whataver amounta„inctudinp diabu►aements of rsaaonabte attorney'a tees.whlch tn thel�ah- ' - � ��
<br /> Tti`•;' ° � "� sotute dlscrettan may bs rncsaaary.tn ths e�nt that Truator�shstl fatl to p�ocure insurance,tail to pay taxes and special ( '�
<br />, ' <F s���; "� ,. r: ass�stme�s or faii to maks iey paYmants to sxisitnp or prior tten hotdeis or bensfictades,the Beneflctary may procureauch ; - ; -�. F_-
<br /> �:��:�.;•., '� �*-'r �.; insurancs an d ma ke auc h paymen ts.A t l a u m s�n e�t m e d o r e x p e n d e d b y B e n e f t c i a ry o�T r u s t e e I n a c c o r d a n c e w i t�t h e p r ovi• . z=
<br /> � aians of the Oeed of Trust are aecured hereby anA,without Qerrtand,shall 0e immediatety due and psya6te by.Trustor and ahaQ � ��:;�__
<br /> � • � • bear interest at the rate provlded tor advancea under the Loan Apreement; pravided, howerer,that at the option ot the ' ' -
<br />- � �~��°--�-;-..' BeneHciary or Trustee,sucR auma may be added to the principal bstance ot uiy fndebtedness aecured hereby and shall 6ear _. �_, ___
<br /> � ths same interest aa sucA tndebtedneas and shaH be payabte ratabiy over the remaintnp term thereot. . , � l.°,
<br /> �. � �. g,A�sIpmNM W R�nta.Bsneficisry nhall have the rt�ht,power and authoAty.durinp the cantinuance of thia Deed of Trust to � '• • t
<br /> �� � � coliect the renta, laauea and profita of the�^�serty and of any peraonai properly located thereon with or without taking , ��. _ ' � `.`'
<br /> -..._.� ' '- • • _- .__possass an o �eRy h�rflby.an:JT�tOr herebYa6sotutely and unconditionaliy assigns atl such rent�,isaues i . � -
<br /> . •----•._. t f the Pro aftected . •,�
<br /> - - �� • ° ��
<br /> � " �„�-`---"`r- and prqf(ta to Beneflcl�ry.Beneficiary. hovrever,hemtsY c�naents to the Srusror's coiiectton and re4aniion mS suci►isats. �-�-�=��; -
<br />-. . . q.�':t•.i„rr.':�:��: . . -
<br /> ,,•..:�•.,,.� .l,...=' iasues snd profits as tAsy�ccroe ana become payable sa 9mm�p aa Trustor la not,at aueh time,tn defautt w[th res�ect to pay �
<br /> � '`•'��'�' � ment of eny indebtednesa secured hereby or in the pec��rmance of any ayreement hereunder. Upon any suah detault, � • �
<br /> ' ' � � Bsnsflci�ry m�y at any time�either in peraon,by aaent or by a reCeiver to be appoi�ted by a court,without rtotice and withaut �. �,L��'
<br /> ' l repatd to the adequaay of any securtty tor the indebtedness hereby secured:(a)enter upon and take possession of the Proper- F' � . _ �
<br /> -�- � -�- • -===-�_-�-=--��'-- ' ty or anr part thereot and in Its own name aua�orarotherwise coltect such renta,lasues and profits.including those past due �,. • •
<br /> '•-. .----_.--�---�•-:
<br /> � " artd unpaid,and apply the aame,tess costs and expenses of operatton and colleotion,inctuding reasonable attomey fees, •
<br /> upo»ar�y indebtedness aecured heroby and in such order as Beneficlary may determine;(b)perform such acts of repair or pro- ; . , �
<br /> ' ' ' teCtfan as may be neceaaary or proper to conservethe vatue of the Property;(c)lease the same or any part hereof tor auohren- i •
<br /> � �- ��� -�=� � tal term and upon suah conditions as its judgment may dictate.Unless Trustar and Beneftciary apree otherwise in writinp,any ; ;
<br /> �' •• • ' . � � sppilcation of renta,is�ues or proflta to any infi�btedness aecured hereby ahatl not extend ar postpone!he due date of the in-
<br /> � t ataliment paymenta aa Orovided In the Loan Aqreement,and the epplicaticn thereof aa aforesaid shall not waive or cure any
<br /> 4• ° � '` deta�tt or notice of defauit hereunder or invatidata any aci done pursuant to such notice.Trustor also assipr�s ta Beneficiary, ' � �.
<br /> _ � :' ,.. , . �. . .
<br /> . �•��'j1�� ";� � as f�a�4her aecurity for the performance of tne obUpations secured hereby,all prepaid rents and a►1 monles wh'rzh may have ;,';;};=,•.. : ,
<br /> - �� -� -.--� . - - been or may hereafter be depo�ited with satd Trustor by any lessee of the Property,to secure the payment of any rent,aod � : ,
<br />' � � upo�Qetauit In the pertoramnce of any of tt�e provisions hereof,Trus4mr agrees to deliver such raants and deposits to the
<br />`_, � ' � Beneficiary. Delivery ot written notica of Be��iflaary's exerciae oi the rights granted herein t�am3r tenant occupying satd •_r •, �
<br /> � �, prer�4ses shelt be aufficlBM to requlre said tenaM�to pay sald rent to the 8ene}iciary until fuRher rtottce. . • • '�
<br />• ��.. • 8.Co�mn�tion.if titte to any paR ot the Property shail be taken in condemnatlon proceedings,by right of eminent domain � :
<br /> or simifar action,or shail he sotd under threat of condemnatlon,all awards,damages and procee0s are hereby assiqned and i.
<br /> _ f�''� sAail be pald tv Beneflctary who shall apply such award,damages and proceeds to the sums secured by the Deed of Trusl, � -� _�. �
<br /> • •. . • ,� �:;; witA tbe excess.If any,pald to the Trostor. •
<br /> ' " � ''� ' !0.Futun Advanc�.The Loan Ayreement provides for advances from tlme to time to Truato►by Beneficlary as provlded ��`' `�
<br /> �' ' }� therein.ln additlon,upon reque8l of Truator,Beneficlaty,at 9enef iclary's optian,priurto reconveyance ot the P�openy to the ' �
<br /> � ��' • •
<br /> ' ;: .-. � Trustar,may make addltional futute advances to the Trustor.Such future advances,with interest thereon,shall be secured by � -�+ •
<br /> ' ' �: thla Deed of Trust whan evldenced by promissory notes atating that sald notea are secured hereby;provided tha!at no tlme ! ���. . � .
<br /> �1� ��� � • - � � shatl the aecuretf principal and future advanaea,not Including sums advanced to protect t�e secu�lty,exceed one hundred per
<br /> '�� ', �_ .' : ','� . oent(100%)o}the oripinal principal amounts aecured hereby.
<br /> - • ��� '�� 11,R�nNdly Cumutatiw. All remedlea provided in thls Deed of Trusl are distinct and cumulative to any othar ri�ht or � ��
<br /> � r����- � �r��. rsmedy under thl8 DeeO of Trust or aftorded by law or equity,a�d may be exerolsed concurrentty.lndependeMty or successive- ._
<br /> __ � =�:c':,"-.-:�--- .•, . �y. . _. . _ .
<br /> -. - =�:��;�:;.- 1� =-�--- --
<br /> ° ;�::?� 12.Acabntlon;R�nwdl�s,8ah.A detauit ahall exiat in the event ot: �
<br /> j-'`� � �:;�� (A) Any fraud or misrepreeeMation by the Truator In connection wlth the line of credit whtch thia Osed of Trust aecuros; .
<br /> _:����� •. (8) Arry hiinr�on th�part ot ths Truator to mast ths tepayment terms in re�pect to the Losn AqreemeM and any other ad-
<br /> --,;���=y�=�=`� v�ncea under this Deed of Trost hereby aecured;and, �
<br /> _ (C) Any actaon by�Trustor prohibited by the te�ma of ths Loan Apreement or thia Deedof Trust or any tatlure of ihe Trustor _._.___ _.__._ �
<br /> � to act�s rputnd by the Loan Apr�ement or thls Oead of Trust.each of whlch Truator hersby�prses have an advsrae ef- .
<br /> _ �fect on ths Bensficiary'a aecurity tor the tine ot cradtt estabOshed anQ the r1�Ma o!Me Beneflctary in auch security, �
<br /> -
<br /> .
<br /> and upon ths Mppnlnp ot any such event of detautt;Bsneficlary may dectare ali sums secured herehy immediatety due and -
<br /> ,payaDle by dstivery ta Trustee of written dectaratlon of detault.The Truatee ahall have the power of aate ot the Property.artd if
<br /> B�r�Bclary disiras ths Propsrfy to.be aotd, It ahaH dapoatt wtth Truatss thla Deed ot truat anQ all pramlasory notes and . ' ,
<br /> documenta evklenein�expsndltures sscured hereby and ahall deUver to Trustes e written nottce of default and etection to.
<br /> cau�!fN ProGerty to b�aold,md the Trustse In tum shatl prbpare a notfce In the tctm required by taw,which ahatl be duly f it• . . • .
<br /> �d tor record by Troat�s. � • � �
<br /> --'-� (Aj"lii[er tf»Ta�s6 6i suCtf tima ss m.ry bs requt�by taw foitowinQ ths tecordstion of aaid ndtic�►ot Qetauit,�n�nottce oF �=-_-°----
<br /> dNault u�d notic�ot aale h�vinp been�Ivan as raqutrsd by ftw,Trustee;without demand on Tru�tor,ahall setl the Proper-
<br /> •� ty on the E�t�and at ths time anA plaa dealpnated In s�ld notice of aale,at pubiia auction to the hi�hes!bidder,ths pur- ;
<br /> ' ' chas�prlcs payabN In lawtu!monsy ot ths Unttsd Stat��at ths tirrN ot Nls.Tffe psrson conductinp tAe�ale may.fa a.�ry ; . ,.
<br /> • ' eius�h�dwn�s�ocp�dlfM;postpans ths aate trom tims tp tirtw uMit It ihall ba eomplet�d and,tn every suCh caae,notiee .
<br /> �rw+s�� ' � , '.
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