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<br /> ,� •I (d►Truator shail have procund,pdhnitted or suflered,voluntarily or involuntarlly,any creditor to obtain a lien not —
<br /> y� ; permftted nerain upon eli or pert o}such prop�rty;Trustor or any puarantor at ths Ind�btedness s�cund hereby shall
<br /> . ,� , become inwlvent of edmlt in writinp its inabtlity to pay its debta ee they mature,or meke an apl�nme�t tor the benefit of
<br /> - crsditors or apply for ar consent to ths appointment of a rec�ivsr or trustee tor It or lo��wbstantial part oi such prop�rty,or
<br /> � - � i� wch a r�iwr or ttu�tM shall b�appoint�d�nd sh�ll not b�disaharg�d within thiAy(30)daya aM�r appolntm�nt;or
<br /> .' (e�A writ ot sxecution or attachment or any slmila�procsss shali b�luu�cf or Iwi�d�9�Inst dl or�ny part of or Intsr�U �'-°'�'°`a'"
<br /> � In tuch propaRy,or�ny Judpment Involvinp monetary dame���sh�ll b��nt�r�d apaimt Trustorwhlch ahall becomsa lien •�—
<br /> o�auch prop�rty or partian th�rwf or fM���st th�rofn�nd�uch�x�cutlon,alUchm�nt or tlmilar proc�u or�ud�nwnt fs not �� ���"
<br /> released,bondad,tatlsHsd,vecet e d a stayed within eixty(80�day��it�r Itt�nlry or lavy:or ;:._:•-__==--_--- _
<br /> �:..�'"�� - ---
<br /> (f)Bankruptcy,in�olvency,roorqanization,arrt�npement,or Iiquld�tion procwdin�s o�othar procesdings tor rgllef � Y���=�;�°�-""
<br /> } under any bankruptcy law or other law tor the relfsf of debbrs shatl be fnstituted by or apainst T�uttor or any tivare�tor „-,;."":°";`=
<br /> - .-� d aRersuch �1. , � : .,M�� . �,'•'-
<br /> - • hereot and it insdtutsd apainst�uch parry ahali be constnt�d to or shall not b�dlamfss�d wfthin�ixy(80) aya ,°=�;;.��c�;•,`�
<br /> - __�; � inttitution;or � . � .' :.^•;
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<br /> °�;_� (fl)Trustor or any successor in interest of Truator, voluntarliy or involuMarity ahoutd sell, exact, convey, transfer, � • ��:
<br /> �,"�,'i��. contract to seil,lease with option to purchase,sublease,dispose ot,ahan�e the character or use of,or turther encumber �, --- � � ,. #
<br /> -�° such property,or any p�Rthereof,or any interest therein,or if any safd parties shail be divested of titte to such real properry
<br /> x; -' � of any pa�t thereot,or any interest either votu�nterfty or involurtarfly,or if titie to auah property be aubiected to any Ilen or �'
<br /> charge voluntarlly or involuntarlly,contractual or atatutory,without the wrftten aonsent ot Beneticiary being firat had
<br /> - obtained.or . .. . . .. ,�-, '�...•�.
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<br /> (h)I(Trustorisapartnershipandtheinterostofageneraipartnorterminates,isassipnedortransferred,orisdim}nlshed �4�� -�
<br /> in any respect,or if Trustor is a corpo�ation and a majority of the voting corporete stock is transterred,sold or assiflned,or if ` • �:r
<br /> the Trustor is a Trustee oi a trust and there is a chanye o!any ot the Beneficfel interest of the trusk o� • . :�
<br /> (f)Trustor shatl,w(thout the consent ot Be�eficiary,create or consent to the establiehment of a district which has taxing �^ .'�`_
<br /> • powers. , �
<br /> �
<br /> ACCELERATION UPON DEFAULT,ADOITIONAL REMEOIES:In the event of any default hereunder,Beneficiary may,at •�'!`� `•z
<br /> • its option,: � �
<br /> (a)Terminate additionel advances.it any,to be made under or pursuent to the Promissory Note or any buitdin�loan •, ;��
<br /> - s�reement;Qr : - R.�ir .
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<br /> , (b)Deciare any sum secured hereby immedlately due and payable and tha aame shell there upon become due and j
<br /> ' j payable without any presentment,demand,p�otest or notice of any kind;or � . .
<br /> � . ;
<br /> (c)At eny time,with or without notice,either in person,by agent,or by recetver to be appolnted by the Court without
<br /> 4 regard to the adequacy of any security for the indebtedness secured he�eby,enter upon and teke possession of such -t
<br /> � property or any pa�t thereof,make,cancei,enforce or modify�eases;obtai�and eJect tenants,set or modiy rents:in its own ��
<br /> � name sue or otherwise collectthe rents,income,issuesand profltstherc�of,includfng those pastdue and unpaid;and appty
<br /> j'.• , the same,less costs and expenses of operation,inctuding reasonable attorney's fees,upon any indebtedness secured ; ,�
<br /> �� hereby and in such order as Beneficiary may determine;and except for such application,Beneficiary shall not be liabte to
<br /> •�. r � anypersonforthecollectiunornoncollectionofanyrents,income,issuesorprofitsiorthefeiluretoassertorenforceanyof
<br /> . the foregoing rights,nor shall Beneficiary by charged with eny of the duties and obligations of a mortgapee in possession.
<br /> • " � The entering upon and takfng possession of such property,the collection of such rents,incame,Issues or profits,the doing "
<br /> , .' � of other acts hereln authorized,and the app�ication thereoi as aforesaid,shell not cure or waive any detault or notice of �_
<br /> - ' default hereunder or invaHdate any act done pursuant to such notice;or
<br /> (d)Cause to be filed on record,a wrltten notice of default and election to sett such property.After the Iapse of such time
<br /> as then may be required by law following recordation of such notice of default,and notice of sale having been given as � �
<br /> � requlred by law,Trustee witt�out demand on Trustor shatl sell such property,eitheres a wholeor in separate parcels,and in � '
<br /> • such order as it or 9eneflciary may determine at public auctfon to the hlghest bidder.The Trustee mey postpone the sale oi ,o .
<br /> all or any portian of such property by public announcement at the time of sale,and irom time to time the�eatter, may ,�,
<br /> � • postpone the sate by public announcement at the tlme and place tixed by the preceedin�postponement.Trustee shall � _
<br /> r. � . detiver to such pu�chaser iis deed conveying the property so sotd,wlthout any covenant or warranty,express or imptied. -
<br /> �, � � The recital in such deed of any matters of fact or otherwfse shal�be conclusive proof of the truthtulness thereof.Any person, :
<br /> .,� i including Trustor,Trustee or Beneffciary,may purchase at sald sa�e.Trustee may aiso sell at any such sale And as a part
<br /> f , � i thereof,any shares of corporate stock secu�ing the oblfgation secured hereby,and Trustor weives demand and�otice of '
<br /> � i � such sate.(8sneficiary at iis option may also laroc�o:,e on such share�by independent pledps sat�,and Truator waives
<br /> � ;. demand ot notice of such sate.)Atter deducting all costs,fees and expenses of Trustee,and of this trust,including cost of
<br /> evidence of tltle in connection with such sate,Trustee shall first apply the proceeds of sale to the payment of alI sums
<br /> � ' � expended under the terms hereof,not then repafd,with accrued interest at the rate then payabte under the note or notes
<br /> �•' ''� secu�ed he►eby,and then to payment of al�other sums secured hereby,and it thereafter the�e beany proceeds remainin�, �
<br /> �� • x dlstribute fhem to the person or persons tegalty entitled thereto. _
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<br /> �;-� It this Oeed of Truat or any note secured hereby provides tor any Ch&rqe for prepayment ot any Indebtednesa secured
<br /> ° �;�,�` � hereby,Truator a�reea to pay said charfle,lf any of said indebtedness shatl be pald prior to the matur(ty date thereot atated '
<br /> - � in sald note or thia Deed oi Trust,even it and notwithstanding Trustor shat� have detaulted in payment thareof,or In =
<br /> �- ._.
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<br /> � .�, •� pertormanCe ot eny apreement nereunaer,eno esenenc�ary oy resao�merevi,enan navs a�wr�an wms sa�:u�w��o.wr
<br /> _i "� . :. ` immodiately due and payable.
<br /> ���'�"�'"���� d SCHEDI�LEOFLEASES:Withi�te�( 10)daysatterdernand,TruStorshaltfurnishtoTrosteeorBeneticigryaschedule, ;
<br /> ��,_..;.t�� , ,
<br /> •��a ` certfiied by Truator,settiny torth alI�easea of such proper4y,including,i�each cass,ths nameof the tsnanW or occupants,a
<br /> � '' '� a de�crlptlon ot the space occupied by such tenant and occupant,the rentat payable fo�such space and such other �
<br /> ' -�•�s� • •�± intormallon and dacuments wlth reapect to such leases and tenancles aa the Truatee or Ban�ticiary may�equest.
<br /> k,.
<br /> COVENANTS OF TRUSTOR WITH RESPECT Tp LEASES:Without the prior wrftten conssnt ot T�ustee or 8eneticiary.
<br /> Trustor shalt not,dfrecUy or indlrectly,with respect to any lease of apace In such p�ope�ty,whoth�r such lease is not or
<br /> ' � ' 'h hsreaftorin exiatence:(a)accept or permlt a�y prepayment,discount oradvance paym�r►t of ront thereunder.(b)cancel
<br /> � "— ;_,_-�,� ��;� or terminate the aams,or accept any canceUation,termination or surnnder th�reof,or p�rmit any event to occur which
<br /> —_,._._y.,2.o ;�;�. wouldenfidetf�eles�euthereundertoterminateorcanceltheaame;(c)amendormodNytheaemeaoestoreducetheterm �
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