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<br /> 8. IT IS MUTUAL�,Y ACiREED THATs 94-�0�.(��"f
<br /> 1. Aeeianment of Renta. Beneficiary ehaill have the r.ight,
<br /> ----- � power anci authority during thc continuance o£ thie Deed of Truet to
<br /> collect the rente, iesues and profits of the Property and of any
<br /> - - _--= pereonal property ].acated thereon with or without taking poaeeeai�n �
<br /> - of the property affected hereby, and Truetor hereby abaolutely and
<br /> _—_� unr.onditionally ass�igns all euch renta, iaeues and profits to
<br /> - Beneficiary. BQneficiary, however, hereby coneente to the
<br /> -��=-4�F;� Truator's collection and retention of auch rents, ieauea and
<br /> - _ ______--�- profita as they accrue and become payable so long ae Trustor is
<br /> `�r��•�_ti-���� not, at such time, in default with respect to payment of any _
<br /> ��^�=-=�,�.�;� indebtednesa secured hereby, or in the performance of any agreement
<br /> �t �`j'Y�- '� hereunder. Upon any such default, Beneficiary may at any time,
<br /> .,�,. r� either in person, by agent, or by a receiver to be appointed by a
<br /> .,,,,�,,�� ° - court, without notice and without regard to the adequacy of any
<br /> - - � - aecurity for the indebtedness hereby secured, (a) enter upon and
<br /> '' '�' '� n�' take poasession of the Property or any part thereof, and in its own
<br />• `"yi'�"�r.:.:_ylrr:x•
<br /> �. i;�T;.;:;.:� name eue for or otherwise colZect such rents, issues and profits, _
<br /> • � ° -,;,�..,,. `�,`.�•., � including thoae past duz and unpaid, and apply the same, lesa costs =_v
<br /> �, � �....,, .';'f':EiO�;P�' ��� and expenses oE operation and collection, including reasonable ;.-.,
<br /> � '�' ` ' attorneys' feea, upon any indebtednesa secured hereby, an din such � ��
<br /> . � �'��' � � -
<br /> `",�'°��: >-�;'• order as Benef iciary may determine j �b) perform auch acts of repair
<br /> ;fL;.:L , . 4.�•,,,>,� or protection as may be n�cessary or proper to conserve the value � i
<br /> u�����._, . . � of the Property; (c) lease the same or any part thereof for such
<br /> � � �-�' rental, term, and upon such conditions as its judgment may dictate
<br /> �r ;,;K'�,�,;�,,,.x,���, or terminate, or adjust the terms and conditiona of exiating �-
<br /> leases. Unless Truator and Beneficiary agree otherwiae in writing, _
<br /> � � � any application of renta, issuea or profits to any indebtedness
<br /> - -_-----_— secured h�reby shall not exrPnd or nostpone the due date of the
<br /> � �' installment paymente as provided in aaid promissory note or change �
<br /> the amounL ut euch instaZlments. The entering upon and taking :--.
<br /> possesaion of the Property, the collection of such rents, issues +�-
<br /> and profits, and the application thereof as aforesaid, shall not ��_�
<br /> ' waive or cure any default or notice of default hereunder or
<br /> �:_
<br /> invalidate any act done pursuant to such notice. Trustor also ,
<br /> � A: assigna to Beneficiary, as further security for the perfarmance of �r't
<br /> the obligations secured hereby, all prepaid rents and all monies
<br /> - �, which may have been or may hereafter be deposited with said Trustor �
<br /> ` �4 , by any lessee of the Property, to aecure the payment of any rent or 1
<br /> _ damages, or upon default in the performance of any of the t
<br /> „ i proviaions hereof, Trustor agreea to deliver such rents and �
<br /> deposits to Beneficiary. Delivery of written notice of r
<br /> Beneficiary's exercise of the rights granted herein to any tenant t
<br /> accupying said premises shall be sufficient to require sid tenant �
<br /> . ' to pay rent to the Beneficiary until f urther notice. �
<br /> ' 2. Condemnation. If title to any part of the Property shall
<br /> t,, be taken in condemnation proceedings, by right of eminent domain or �
<br /> ' similar action, or shall be sold under threat of condemnation, all '
<br /> ; ; � ': awards, damages and proceeds are hereby assigned and sha1Z be paid
<br /> � to Beneficiary who shall apply such awards, damages and proceeds to
<br /> � the sum secured by this Deed of Trust, with the excess, if any,
<br /> .• , � paid to Trustor. If Trustor receives any notice or other
<br /> in£ormation regarding such actions or proceedings, Trustor shall
<br /> give prompt written notice thereof to Beneficiary. Beneficiary
<br /> • , shall be entitled, at its option, to commence, appear in and
<br /> � � � ; prosecute in its own nasne any such action or proceedings and shall
<br /> � be entitled to make any compromise or settlement in connection with
<br /> , any auch action or proceedings.
<br /> , # 3. Future Advances. Upon request of Z'rustor, Benef iciary at
<br /> { Beneficiary's option, prior to reconveXance of the Froperty to
<br /> - - —.: .----. - .
<br /> m,..,e�..r m�., makP furure advances to Trustor. Such future
<br /> � � advances, �with interest thereon, shall be secured by this Trust
<br /> , ;, Deed when evidenced by promissory notes stating that said notes are
<br /> �� secured hereby; provided that at no time shall the secured
<br /> � principal and future advances, not including sums advanced ta
<br /> ' protect the security, exceed 100% of Che original principal amounts
<br /> ' secured hereby.
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