|
.,.r;. �;a� ,. . �.,
<br /> � ��'���-r� -
<br /> � � i -�:ery;t,,.I+�pr,�`"i1i!1�'i'tpd�j`!i';i,�"'{�.w .t�,k(.: � . _-__
<br /> � — --- -.
<br /> i �
<br /> —� ..,.��.�.o►.:,� 9
<br /> ��� +:�� � x r�4-1oi1e
<br /> � � S.TaM.As�����i�IwMr.Trustw shoil pay all tax�s,ass�ssnwMs and otMr chorp�s,ialudinp,witFrout Iknitatfan,fin�s ond im-
<br /> - ° po:itions attrfbutabM to th�PropKty,ad bas�hold PaYm�nts or pround nnts.if an�,b�toni th�san�b�can�d�lirqwnt.lrusta sholl promp-
<br /> t�r furnish to BaMfkiory all notk�s of omounts dw�nd�r thfs porapraph,and in th��vmt Trvstor sholl mak�poym�tt dinttly.Trostor sFiall
<br /> �.,,„�,�:`���k ., promp�tl�Wmish to 6a+�iiciory nc�(pts�vid�nckg such paymmts. Trusta shdl poy dl tax�s and ossossrtwnts which may b�kvi�d upan
<br /> �`�•� � " B�n�fkiary's intr�st I��in or upon this DNd of Trust without rpad to any bw thot ma1►b�e�wct�d imposk�0 PoymMt of th�whoM or any
<br /> 4.' �.. ., I.
<br /> '�'��` =:,�r�-���� part thK�of upon ttN t�ficlory.
<br /> •;�:;" 6 ��{{��/M f�1 M��}M M t i e h ry��S�w r i 1�.Tr ustor shall mak�oll p a ymmts of intK�;t and p rincipal ond poym�nts of any
<br /> • x..�;..;.. ;�•�.--•�� othK chap�s, fws and�xpms�s contrat�d to b�paid to any�xistirp li�r�lwld�rs or piar b�fickuws w�r any prior daad of trust or mor- � - — - -
<br /> '���,�H�'�"�� tqop�b�fa�tFw dote tMy a�d�linqwnt and p►omptly paY and dischor�e any ond all otMr li�ns,cloims or ciwrq�s whkh may�opardi:�th�
<br /> ,:�� ,� , s e t u r l t y q r a n t�d h e n i n. I f T r u s t o r f a i l s t o m o k�a n y s u t h p o y n k n t o r f o i l s ro p�r f o r m a n y o f t h�c o w n o nts ond o p r�nts contdn�d in this _ �
<br /> �_.^", .a: .•• • . :c- !1�' Oad of Trus!,a in any priar mortqop�or d�d of trust,of if any actlon or p�aMdirp is canmtnud which mcteridlly aff�cts 8�fkiavy's in- ___
<br /> —�—� �', .'t��� • . . tK�st in tM Prop�rty,includinp,but not limit�d to,eminent domain praeedings,or procHdinys involvirp a daandmt,or if Trustar foils to pay -�-
<br /> :,��� .
<br />— "L��: • ' Trustor's d�bts q�n�rally as th�y becom� due, then B�n�fkiory,at Btnefieiary's option and without notk�to ar dsmand upon T�usta and _- �
<br /> �-:� • � � , without rd�osinq Trustor fram any obtipation hereund�r,moy mok�such appeorances,dfshurse such sums,and take such action as is naessary __ __.-
<br /> i' ` to protect Berwficiary's intK�st includirp, but not limited to,disbursement ot��asonoble attorrny's fees,payment,purthasa,contest or com-
<br /> ''�,i;` � promise of any encumbrance, chage or IiQn, and antry upon the Prop�rty to make repafrs. in the event thot Trustor shall fall to praurt in• _
<br /> d;-.�• surance or to poy tax�s,assessments,or any other char�es or to make a�y poyments to�xistirg prior lien holders or beneficiaries,eentficiary E���:�--�
<br /> � • ' may praure such inswance ond moke such payment.My cmounts disbursed by Beneficiary pursuont to this Paragroph 6 shall become additiona! �.�;_j=i�
<br /> �" '" � indebtadness of Trustor securad by this Deod of Trust.Such amounts shall be payable upon notice from Beneficiary to Trustor requestlnp poy- _
<br /> ment ther�of, and sholl bear interest from the dote of disbursement ot the rote poyoble from timQ to time on outstanding principol under the �-�= "``--`
<br /> Note unless poyment of interest ot such rate would be caMrary to applicoble low,in which event such amounts shall bear interest at the hi�hest ��T_ —
<br /> rata permissible undor applicable low.Nothin�contained in this Paraqraph 6 shall require Beneficiary to incur cny expense or take any action ----
<br /> Ir`�:?�±L�is
<br /> hereundor. •�°'-� - .
<br /> . �Z1��-
<br /> 7. As�Mn��t of R�nt�.Beneficiary shall have thQ right,power ond authority during the continuance of this Deed of Trust to collect the _
<br /> rents,issues and profits of the Property and of any personal property laated thereon with ar without taking possession of the property affected '''� -�� _.
<br /> hereby,ond Trustor hereby cbsolutely and unconditionally assiqns all such rents,issues and profits to 8eneficiary.Beneficiary,however,hereby a=__
<br /> • cansents to the Trustor's collection and retention of such rents,issues and profits as they accrue and lwcome poyoble so lonq as Trustor is not, . �;
<br /> at such time,in default with respect to puyment of any indebtedness secured hereby,or in the performance of any a9reement hereunder.Upon �"• __-°•',
<br /> ony such defautt,Beneficiary may ot ony time,either in person,by ayent,or by receiver to be appointed by o court,without notice and without
<br /> T�s:.-Y.._��
<br /> :.�!.:._
<br /> � I regord to the adequacy of any sewrity tor the indebtedness hereby secured, (o)enter upon ond toke possession of the Property or any port .'�,�ry �
<br /> i thereof,ond in its own name sue for or otherwisecollect such rants,issues and profits, intludinq fhose past due and unpaid,ond apply the same, �^�,,_;_;,,..
<br /> 6�� : L_.
<br /> 1 less costg and expenses ot�operation and collection, including reosonable aftorneys fees, upon any in0�btedness secured h�rQby,and in such •: � �
<br /> � order as Beneficiary may determine; (b)perform such acts of repoir or protection as mcy be necessary or proper to conserve the value of the •.,;��.,,-+M': __
<br /> Property;lc)leose the some or any part thereof for such rental,term,and upon such conditions as its judgment may dictote or terminate or ad• r :.y;k�,_, —
<br /> I just the terms and conditions of any existing lease or leoses.Unless Trustor and Beneficiay agrQe otherwise in writing,any applicatian of rents, "� ;��_-
<br /> issues or profits to any indebtedness secured hereby shall not Qxtend or postpone the due date of the instrallme�t paymQnts as provided in said
<br /> promissory note or chonye the amount of such installments.The enteriny upon and tcking possession of the Property,the collection of such �
<br /> . rents, issues and profits, and the application thereof as aforesaid, shall not wuive or cure any default o� notice of default hereunder, or in- � _ _
<br /> validote any act done pursuant to such notice. Trustor olso assigns to Beneficiory,as further security for the performance of the obligations �
<br /> r,. •
<br /> secured hereby,all prepaid rents and all monies which mny have been or moy hereofter be deposited with said Trustw by any lessee of the Pro-
<br /> , perty, to secure the poyment of any rent or damoges,and upon default in the performance of any of the provisions hereof,Trustor agrees to .
<br /> . � deliver such rents and deposits to Beneficiary. Oelivery of written notice of 8eneficiary's exercise of the rights granted herein,to any tenant oc- !
<br /> tupying soid premises shall be sufficient to require said tenont to pay said rent to the Beneficiary until furiher notite. � '
<br /> 8.Con��n�tbn.If title to any part of the Property shall be taken in condemnation proceedings,by right of eminent domain or similar action,
<br /> ' or shall be so�d under threot of condemnotion, all owards,damages and proceeds are hereby assigned and shall be paid to 8eneficiary who shall ..
<br /> opply such owords,damages ond proceeds to the sum secured by this Deed of Trust,with the excess, if any,poid.to Trustor.If Trustor receives
<br /> any notice or other informotioa regarding suth octions or proceedings. Trustor shall give prompt written notice thereof to beneficiary.
<br /> Beneficiary shall be entitled,at its option,to commence,appear in ond prosecute in its own name any such action or proceedinys and sholl be en• �
<br /> titled to make ony campromise or settlement in connection with any such action or proceedings.
<br /> 9. R�n��difi NO�EttIYfIMl. Beneficiary shall be entitled to enforce payment ond performance of any indebtedness or obligations secured �
<br /> hereby and to exercise all rights and powers under this Deed of Trust or under any other agreement executed in connection herewith or any lows
<br /> now or hereofter in force,notwithstonding some or all of the such indebtedness and obligotions secured hereby may now or hereafter be other•
<br /> � � wise secured, whether by mortgage. deed of trust, pledge. lien,assignment or otherwise.Neither the acceptance of this Deed of Trust nor its
<br /> enforcement whether by court oction or pursuanr to the power of sale o�other powers herein contained, shall prejudice or in any manner affect
<br /> � Seneficiory's right to reoli:e upon or enforce any other security now or hereafter held by Beneficiary,it being agreed thot Beneficiary sholl be
<br /> entitled to enforce this Oeed of Trust and any other security now or hereofter held by Beneficiory in such order ond monner os it moy in its ab•
<br /> � solute discretion determine.No remedy herein conferred upon or reserved to Beneficiory is intended to be extlusive of any other remedy herein
<br /> y or by law provided or permitted,but eoch sholl be cumulotive and shall be in addition to every other remedy 9iven hereunder or now or hereafter
<br /> existing at Inw or in equity or by stotute. Every power or remedy provided hereunder this Deed of Trust to Beneficiory or to whith it may be
<br /> otherwise entitled, may be exercised.concurrently or independently,irom time to time and as often as may be deemed expedient Beneficiary
<br /> � and it moy pursue inconsistant remedies.Nothing herein shall be construed os prohibiting Beneficiary from seeking a defitiency judgment ogoinst
<br /> � ; the Trustor to the exte�t suth attion is permitted by low.
<br /> '• 10. Tronsfa of Prop�Mp;Assun�ptbn.If all ar any part of the property or any interest therem is sold,transferred or conveyed by Trustor
<br /> ; without Beneficiary's prior written consent,excluding(o)the creation of a lien or encumbronce subordinute to this Deed of Truss.(b)the creo•
<br /> i � tion of a purchase money security interest fo�household appliances, (c)a transfer by devise,descent a by operotion of law upon the deoth of a
<br /> ^ '. joint tenant or(d) the grant of any leosehold interest ot three yeors or iess not conroining an optivn io pur�nase, oeneiiciary may, ai
<br /> i ' Beneficiary's option,declare all the sums secured by this Oeed of Trust to be immediotely due and payable,or cause the Trustee to file o�otice
<br /> � of default.Benefitiary sholl have waived such option to accelerate�f,prior to the sale,transfer or conveyance. 8enefitiary and the person to
<br /> � �• whom the property is to be sold or transferred reach agreement in writing thot the credit of suth person is sotisfactory to Beneficiary ond that
<br /> �� the interest pa�able on the sums secured by this Deed of Trust sholl be ot such rate as Beneficiory shall request.
<br /> ;
<br /> �
<br /> ` F i
<br /> 1
<br /> .
<br /> �
<br /> � '
<br />
|