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<br /> . notlfia�tlon to Trustee�nd BanelOalsry.in the evant any polloy hereundnr le not renewed on or betor�/ltteen 11B)daye prior to __
<br /> � ; , . ,;�� Ite expiratlo�jW�.T�y�tN or Bensftolary may prooure auah Ineunnoe In accordanae with the provlelons ot PNrapr�ph 7.
<br /> ��� T�uetor ehalMldNv r o 9inatlolary the orlpinal pollotes ot Ineurtnce end renewata the�eof or coploa of euoh pollal0a�nd _ ______
<br /> �-=••- jr• ��` ronew�ta thcreo4. Falluro to turniah euoh Ineur�ncs by Truetor,or renewate�s requ lre d hereun der, e ha l l�a t t h e o p t t o n o f �•
<br /> �,: . . ....;
<br /> � � 8eneflcinry,constltute e de�u�it.Ail unearned promiumo are hereby�eatpned to T�autee ae additianal eeaurtty,and a s�la and = -- - -
<br /> - :• aomoyenae of the P�operly�iy tha T�uetee ahap oparate to aor�voy to thc�purahasor tho Trustor'o IMoreat In and to ell poliolee � � — _
<br /> � _
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<br /> ' of Ineuranoe upon th�Truat PropeRy. —
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<br />- ' " • �• 6.Ux�s�nd Assaem�nts.Truator ahalt pey atl taxes and epeoial eaeeaements levled or aeseeeed apalnst,or due upon,the ��':--'=------
<br /> � -f� ---
<br /> •.. �'.q'_.^�,an.�_---.
<br /> , Properly betoco delinquency and wllt detiver to Baneflalary coplea of reaetpts ehowinp payment of suoh taxea and epeclat . .�����;Y;R,_--
<br /> � aeaeanmente. � `,. .�n;�_ y,�,;o;-
<br /> 8.Addl�lond Lt�nt.Truator ehalt make ali payments of Intereat a�d prinolpai,and payments of any other char�ea,feea,and r�?�3y`'
<br /> � ' • oxpanaea contmated to be pald to any euisting Ilen holdere or�rior benefialaries under eny prior Deed ot T�ust�Mortgepe or , ��.-:�;h 1•{�;.�,-_
<br /> other seaurity egreement,betore the date they are detinquent and to pay any other atalm whlch Jeoperdi:es the e�eauNty • ��i•''•°�-� �-
<br /> . � . .'.#.'!".Y�Mx:�-..
<br /> ' �r�ntPerot�otton oi BmNtciarp's 8�cudty.8hould 7�uator fail to make any payment,fall to do any aot es herein p�ovided or If �'�����"''�-:'��: "`
<br /> � " any aatton or proceedlnp Is commenced whlch matertaliy afiects 8eneflalary's Interest In the P�operty, Inotuding, but not � "`� � "
<br /> � � Iimited to�eminent domatn, Ineolve�oy,arrangements or proceedings fnvolving a dankrupt or deaedent,then 8eneftolary or ' .,.•���•::� �
<br /> Trustee,but without obU9etlon to do so�and without notiee to or demand upon Trustor,and w(thout reieasing Truator f�om any �u'y';,�;;;�:_
<br /> , „ �� __
<br /> � :� olblpetlon hereunder,may make or do the same,and may pay.purahase,contest or compromise any encumbrance,oharge or • ..,�,;;,�:;,�
<br /> . _._._..__.__J InAxaraisin an auoh wera.the88nef10tEiryofTN8te8 E__",_ � �""""""'-
<br /> _ - tl8r►,whiah!n tha jndpseeont o!e!lAsr ap�ears to afteat seld Pro�fenY: 3 Y P� � --
<br /> may Inaur a Itabl�ity and expend whatever amounts„includi�p diebureementa of�easonable attomey's fees�wbitsh in thetr ab� � �'= _'
<br /> soiute disaretlon may be noceasary.In the event that Trustor ahail fali to procure inaurance,fail to pay taxes and spoala� , .����� ,l�
<br /> ,, asaessments or tail to make any paymente to exisitng Ar prior lien hoide►s or benefiaia►fes,the 8eneftolary may proaure suoh • .��, •,,,�:-
<br /> • ' Insurenoe and make suoh payments.Ali sums Incurred orexpended by 8eneficiery or Trostee In aaaordance wilh the provi• , '��Y���:r'
<br /> aions ot the Deed ot T�uat are seaured hereby end.without demend�shall be immediately�ue and pa�yab�e by Trustor and ahall
<br /> ,� bear interest at the rete provided for advanaes under the Loan Agre�ment; provided. however. that at the optfon ot 4he . . �;�� �:
<br /> Benefiolary or Trustee,such sums may be added to the principal baianae of any indebtedness secured hereby and ehali bear �� ._
<br /> tha same intereat as auaM i�debtedness and shatl be payable ratably over the remaining term thereot. � y��_
<br /> 8.As�lqnm�n!ot R�nt�.Benef lofary shait have the right,power and authoNty during the continuance of this Deed of TNSt to � �� `
<br /> cotleot the rents� Iseues and profita of the PropeRy end of any personai property Iocated thereon with or without taking ' • �•�'
<br /> - posessalon ot the P�c+�+erty ANaotae hereby,and Trustor hereby absoluteiy and u�conditionalty asaigne atl such rente.fesuea _ ___�_ �'�' � ,
<br /> 8nd profite to Beneticiery. 6enefiolary, however. hereby oonaen ts to t he Trua tor's co�teo t ion an d�e t e n t i o n o f a u o h t e n t e, a
<br /> tssuea and protits as they aaorue and become payabie so tong as Trustor fs not,at suoh llme,tn default with respeot to pay `��.`� j
<br /> ment of any indebtednesa secured hereby or in the pertormanae of any agreement hereunder. Upon eny uuch defautt, � ' . a
<br /> Benefialary may at any tlme.either in peraon,by agent or bya recelver to be appointed by a court,without nottce and wlthout ��� �'. �
<br /> regard to the adequacy of any aecurity for the indebtedneas hereby aecured:(a�enter upon and take poasesslon ot the Proper• � "� �
<br /> ty or any part thereot and In Its own name sue for or otherwise cotiect such ren2s,isaues and profits,inciudi�g those past dus , " '
<br /> a n d u n p a i d,a n d a p p l y t h e s a m e.�e s s c o s t a a n d e x p e n o e a o f o p e r e t i o n a n d c o l i e c t i o n, I n c l u d i n g r e a s o n a b t e a t torne y fees, �
<br /> t�r��
<br /> upon any indebtedness aecured hereby and in such order as Beneticlary may determine;(b)pe�form auoh acts ot repalr or pra �`,��
<br /> tection as may be necessary or proper to conserve the vaiue oi the Property;(c)lease the same or any part hereof tor such►en• �" ' `�
<br /> ta�term and upon such conditions as its judgment may dictate.Untess Ttustor end Beneifolary agree otherwise in writing,any � 1 ' r
<br /> " application ot renta.isaues or profite to any indebtedneas socured hereby shatt not extend or poatpone the due date of the in• � � �1� �
<br /> sta�lment paymente as provided In the Loan Agreement,and the applicatfon thereof as aforesaid shalt not waive or cure any i .. : „�,r
<br /> ddfault or notice ot detault hereunder or{nvalidete any act done purauant to auch notice.Truator also assigna to Beneflciory, ; ,,,��
<br /> as funher security for the perfo�mence of the obtigattona secured he�eby,alt prepaid rents and all monies whiah may have � '�
<br /> been or mey hereaher be deposited wlth satd Trustor by any tessee ot the Property,to seoure the payment of any rent,and .
<br /> upon default in the perforamnce of any of the provlaions he�eof, Trustor agreea to detive�such rents and deposlts to the �
<br /> Beneficiary. De�ivery of wrftten notice ot Beneificary's exercise of the rlghta granted herefn to any tenant occupyl�g satd � ' ��
<br /> premises ahatl be sufficient to require said tenant to pay sald rent to the Beneficiary untli further notfce. �
<br /> 9.Condemnetlon.tt title to eny part ot the Property shatt be taken In condemnation proceedings,by right ot eminent domain
<br /> or simflar action,or aha11 be aold under threat of condemnatton,all awards,damages and proceeds are hereby asaigned and
<br /> shatl be pAfd to 8eneficlary who shail appiy such award,damages and proceeds to the sums secured by the Deed of trust, �
<br /> wfth the excess, ft any,paid to the Trustor.
<br /> i 10.Futuro AdvancAa.The Loan Agreement provldes for advances irom time to time to Trustor by 8eneficlary as provided
<br /> � i therein.�n additfon,upon request ot Truator,Bc�aticlay,a2 Beneticlary's option,prlor to reconveyance oi the Property to the
<br /> Truator,may meke addltlonai future advances to the Trustor.Such future advances,wlth lnterest thereon,shail be secured by
<br /> this Deed ot Trust when evidenced by promissory notes stating that said notes are secured hereby;provided that at no time
<br /> ahall the secured princfpal and future advancea,not inc�uding sums advanced to protect the security,exceed one hundred per•
<br /> , cent(100%)ot the origlnal principat amounts secured hereby.
<br /> 11. Remedles Cumuietive.AII remedles provided In thls Oeed ot Trust are dlstfnct and cumulative ta any other rlght or
<br /> � remedy under this Deed of T�uat or af forded by law or equity,and may be exercised concurrentiy,tndependentty or successfve•
<br /> ly.
<br /> i 12.Acceleratlon;Remedles;Sa�e.A default shatl exist In the event of:
<br /> (A) Any fraud or misrepresentatton by the Trustor In connection with the tine of credit whlch this Deed ot Truat secures:
<br /> � (B) Any faHure on the part of the Trustor to meet the repayment terms in respoct to the Loan Agreement and any other ad•
<br /> vances under thls Deed ot Trust hereby secured:and.
<br /> tC1 Anv actlnn bv the Truator nrohlbited bv the terms ot the Loan AareemE�nt or thls Deed of Trust or any fatlure ot the Trustor
<br /> � to act as requlred by the Loan Agreement or this Deed of Trust.each of which Trustor hereby agrees have an adverse ef•
<br /> fect on the Beneficlary's securlty fur the Itne ot credit established and the rlghts of the Beneficl�ry In such securtty,
<br /> � and upon the happenfng ot any such event of default,8enettciary may declare ail sums secured hereby Immedfately due and
<br /> payabie by delivery t�Ttustee of written declaratlon ot detault.The Trustee she�i have the power of Saie of the Property,and Ii
<br /> �� Beneticlary deslres the Property to be sotd, it shall deposVt with Trustee this Deed ot trust and att promisaory notes and
<br /> � documents evfoencing expenditures secured hereby and shali deliver to Tr�stee a wrltten nottce ot detault and electlo�i to
<br /> � � : cause the Pr�Ferty to be sold,a�d the Trustee tn turn shali prepare a notice fn the torm required by lew,which aha�t be duly tit-
<br /> ed tor record by Trustee.
<br /> (A) Atter the Iapse o!such time ae may ba required by�aw fotlowing the recordatlon ot sald notice of defautt,and notice ot
<br /> ' � detautt and notice ot sete having been given aR requlred by Iaw,Trustee,wfthout demand on Trustor.shait sell the Proper•
<br /> . � ty on the date and at the ttme and ptace des�gnated In sald notice nf sa�e,at pubHc auction to the hfghest bfdder,the pur•
<br /> � � wl�wew n�l�n�e�ie►�In In lew/��l r�nne�•n�Il�e II.�t1nA C�e1ac ef 11�n/i�no ni coln TAo norann rnnrl��r}Inn fha antA mwv Inr a�v
<br /> ' cause he deems expedient,postpone the sale trom time to time unt�t It shalt be completed and.fn every such case.notice
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