-___'.____;.'- �.T_._-_-_.��� _ _ -_-_- _--__. . . .-.
<br /> ' � . ' :tt' . � ..
<br /> _ � ..#� �'.�., .. .
<br /> r ..,.��,yy;,' ,�y , _
<br /> ..� ° - .�r�l , ' �
<br /> _ .=- -- t • ����'���'
<br /> _ j
<br /> �� �enfler. The forogaiaq W�rranties a�nd xepresanta�tiona, and
<br /> -- Borrowpr's obliqationB purauant to the foregoing indamnity, shmll
<br /> -- eurvive repa�lment of the Note and the r�conveyanae pf this Aeed
<br /> of Trust. �_.
<br /> � 9. Aeaf nm�r►t of Reata M a emant of Pro�axk . �►s
<br /> additional seour ty ereun er, Horrowor exv y Aee. q�na to ender
<br /> ;�� t the reate, iaeues and pro£its of the Property, provide8 that
<br /> ;;,'r1`?�a�,; -��",:
<br /> . �.uj . ,� Borrower ahall, prfor to acceleration under paraqraph 11 hereof
<br /> � �.�:.;�:;���.:�•
<br /> �, , or abandonment of the Property, have the right to aolleat and
<br /> �'r'>-' �� ' � ~�'_'�� retain such rente, isaues as�d profits as they beaome due and pay-
<br /> ``'� -"',� �' • �`'' abie. Upon acaelerdtion or abandonment of the Property, bender
<br /> ,� � = may� either in person or by agent, with or without briagiag any
<br /> �`� action or praceediriq, or by a receiver appointed� by a court and
<br /> ' � . without regard to the adequacy of ita security, enter upon and
<br /> . take posseasion of the Property, or any part thereof, i�a its own
<br /> • � • �-� neme or in the n�me of the Trustee, and do any aats whioh i�
<br />_....._ T.--_.�:_ � �
<br />� � , „I, deems neaessary or desirable co pre�c�r�rv� zi�n va3.�i�, .«a�ka4ahi33t� ,:,_
<br /> � or reatabiZity of the Property, or any part thereof or interest
<br /> ; , " . therein, increase the income therefrom or protect the security �_�-=
<br /> „ �� � hereof and, with or without taking posaession of the Property, -
<br /> sue for or otherwise colleat the rents, issues and profits ■-•-
<br /> • thereof, inaluding those past due and unpaid, and apply the same, �="'`-
<br /> ♦ � lese coats and expenses of operation and colleation, inaludinq `�'
<br /> � attorneys' fees, npon anp indebtedness seaured hereby, all in -
<br /> suah order as Lender may determine. The enterinq upon and taking
<br /> � ' possession of the Property, the collection of such rents, iaeuee �
<br /> _ __________- and pxofits and the appliaation thereof as aforesaid, shall not
<br /> cure or waive any default or no�ice of default hereunder or
<br /> � invalidate any act done in response to such default or pursuant
<br /> to suah notice of default and, notwithstandinq the continuance in
<br /> possession of the Pzoperty or the coll.ection, receipt aad applica-
<br /> tion of rents, issues or profits, and Trus�ee and Lender shall be
<br /> entitled ta exercise every right provided for in any of the Loan
<br /> Znstruments or by law upon occurrence of any Event of Default,
<br /> including, without limitation, the right to exerciae the power of
<br /> � sale. Further, Lender's rights and remedies under this paragraph
<br /> 9 shall b� cumulative with, and in no way a limitation on, .
<br /> , Lender's rights and remedies under any Assignment of Leases and
<br /> � �• Rents revorded against the Property. Lender, Trustee and the
<br /> receiver shall be lfable to account only for those rents actually
<br /> , received.
<br /> 10. Events of Default. The fol.lowi.ng shall constitute
<br /> an Event of Default under t s Deed of Trust:
<br /> (a) Failure �o pay any installment of
<br /> I principal or interes� or any other sum secured hereby
<br /> when due, or failure to pay when due any other indebted-
<br /> ness of Borrower to Lenderf
<br /> ` (b) A breach of or default under any provi-
<br /> - sion contained in the Note, this Ueed of Trust, any of
<br /> the Loan Instruments, or any other encumbrance upon the
<br /> Property, after giving effect to any applicable cure
<br /> ,
<br /> period contained therein=
<br /> (a) A writ of execution or attachment or any
<br /> similar process shall be entered against Borrower which i
<br /> shall become a lien on �he Property or any portion
<br /> thereaf or interest thereinf
<br /> " (d) There shaii be riied i�y vr agains't
<br /> � � Borrower an actian under any present or future federal,
<br /> state or other. gt��nr.�, tAw �r rP���lAhinn rPlatinc3 t�
<br /> � � � bankruptcy, insolvency or other relief for debtorsf or
<br /> Y ' there shall be appo�nted any trustee, receiver or
<br /> ; ;� liquidator of Borrower or of all or any part of the
<br /> Property, or the rents, issues or profits thereof, or
<br /> ' � 9orrower ehall make any general assignment for the
<br /> . , , benefit of creditorst
<br /> t
<br /> ;
<br /> v � �4�
<br /> �
<br />
|