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<br /> • • notiftoatlon to Truatea a�d E3enetlalary.in the event any poliay 4terounder ld not ronowod on or b�}ore Hfteen(16)daye prtor to �"`�'�"�+�=y���:,r�;:
<br /> � Ite expiratlon date,Truotoo or l�oneflotary may proouro euoh Ineurenee In nocordnnoo with the prortstone of Paragraph 7. ',��{:;,:'�';=��;�=�
<br /> � Trustor ehait dellver to Bonofleinry tho orlqinal patiolea ot Inaurence and �enewale thoreof or ooptee ot auoh poliolea and � '�•�-t �-
<br /> renewale thereot. Falture to 4umleh euoh ineuranoe by Trustor,or renewala as roquired hereunder,shalt,at the option ot , � ��_�
<br /> ., •� � @eneNciery,eonetitute a detuelt.All unearnod promluma aro hereby seelpned to Treuteo es addlt Ional aeourity,and a eaio and �`�`���•.;y. ,
<br /> � convoynnco c!ttso O�roporty by tho Truatoo ahall oporata to convay to tho purchaoer the Truetor's Intereat 1e and to au potictes .�•. -
<br /> � of ineuranCe upon the Truat PropeRy. °:;.;��
<br /> 6.Uxa�nd Atsesem�Ms.Truetor BhBti p8y a��t8xe8 afld 8p801at 889888fr18nt810vied Of a888888d 8g(ifn8t,or due upon,tha � , � �
<br /> . . - - ::� Pro�+eny bato►e delinquenoy end will EQliver to Benetlalsry eoplee o} reeeipts ahowing payment ot suoh taxea and apeolAl , --- - _ --
<br /> esseasmente.
<br /> ' � ' 8.Additlontl Ll�ns.T�uetor ehail make a�li payments of i�toreet and prinolpai,and payments of any other charges,tees,dnd ,,,:;•:�
<br /> expensea oontraoted to be paid to any ex�mlleeg Iien hotders ot prlor beneflataries under any prlor Oeed of Trust,Mortgage or ,�� ^
<br /> other seaurity agreement,l�0fore th0 d�Ro t4eoy�ea dollnquent and to pay any other clelm whloh Jeopardizes the aeourity ' ', ; ,:�:' �'
<br /> granted herein. ���•' ' _--
<br /> 7.Prot�atimn�}(Bsn�9EP�o�'m�e�na94p�0me�td'4'ruo4or 4a11 to maEco any RayneOr►t.4ai14o do arny act as herein provided or ft ••
<br /> � � any aetlon or pveaosdie�g la commencs28 whech nnatePialty af4ecte �om�tic0ary'�tn4oress4ln 4Am Property,ineluding,ba4 rto8 �'� • _-
<br /> � Ilmited to.emEnonB domatn,Insolvency,�,euaeagormanto or proeee69e�ga invotving a bsnkeupt�r�oeeden�,then Benefl�tary ee . ;
<br /> Truste�,but arE49nout obti�atlon to do so,and withmut no4lce to or demand upon Truator,and wEth�ut r�leasing Teustor fPOm any •• •�f s.'
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<br /> olblga4lon herramnder,may make or do the same,amd�ar pay,purehase,contest or compromis�anq�enxmmbeae�c�.ePoscg�or „ .�•%•y.'-'
<br /> tlon.wP�ich In 8h0 JudgmeM of etther appsars to aNect�id PropeRy;in exercising any auch R�w�rs,tha Bene4lCiary or Yc�stee ;�,,:�e�- '
<br /> , � �' may Incur�IlmbOttty and expend whatever amounts„inciuding disbursements of reasonable a4tmPney's fees,whlCh In tBi¢io�b� .. *� `�
<br /> sotnete discro4aov�r��ay be necessary. In tP���vent that Truator ahall tali to procure Insurance, teil to pay tanes and spasial • � �'���-
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<br /> assoasments oP 4ai1 to nnake any paymen8�to exisitng or prior tien holders or be�eficiarles,the Beneficlary may procure auch ..,�...,,.,_��;�:� .,,,
<br /> Insuraoce and make su�h paymenta.Atl sums incurred or expended by Beneficlary or Trustee in accordence with the pravl- • � ��`
<br /> -1,,'` sions of the Deed of Trust��a secured hereby and.withmut demand.shatl be Imrn�dlmteiy due and payable by Trustor and ahalt �
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<br /> „'s;k• - bear interest at the rate provided for advances under the Loan Agreement; provOdsd, however,that at the option of the ' �', 'r��-___
<br /> •• Beneticiary or T�uatee,such suma may tae ad�ed to the prinoipa►b�lence of any inGl�btedness secu�ed hereby and ahail�ear -=-
<br /> ' '� ' the seme intere�t as such Mdebtedneas a�d ahali be payebfe ratably over the remaining term thereof. �,r��.2;°"°ae�
<br /> 8.Aselgnrrtent ot i9�M�.B�neficiary shalt have the right,powerand authority during the contlnuance of thie Oeed of Trost to
<br /> ootteot the rents, issues and profits o} the Property snd of any personat propeRy located thereon with or w(thout taking Lr_ � '. :
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<br /> __ _ posseaslon of the Property affected hereby,and Troator hereby absolute�y and unconditionalty aesfgns ali such rente.issues ,,
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<br /> „ and proflts to Beneficiary. Beneficiary, however, hereby consents to the TtuBtoPs coltection and retenticn of such renta, �� „ �i�;�+• �
<br /> � Isaues and prof00s as they accrue and become payabte so Iong as TPUSta is not,at such tim�,ia�default v�tth�espect to pay- f":'�.'.•:�-�
<br /> ment of any indabiedneas seaured hereb� or in the performartce o9 any agreemeM hereunder. Upan any such defauit. � . ��"r:}j�`'
<br /> -, ,. 8eneficiary may�at any tfine,either in person,by agent or by a receiver to be appointed by a court,wlthout notice and without ��'
<br /> � regard to the adequacy of any security tor the Indebtedness hereby secured:(a)enter upon and take posseaslon of the Proper- �. �
<br /> � ty or any part thereot and In Its own name sue for or otherwise collect such rents,isaues and protits,including those past due �'=>;;�?�'. � � x
<br /> and unpaid,and appiy the same,tess costs and expenaes of oper�tton and cottection, includimg�easonabte attomey fa�s, '��rt`� :•�;'
<br /> � upon any indebfladness secured hereby and In auch order as Benef ic4a�.y may determine;(b)pe�form such acts of repaiP ov t�no- � "'•; .
<br /> I tectfon as may b9 necessary or proper to conserve the vatue of the Property;(c)tease the same or any part hereof for such ren- ••�.�...
<br /> � tal term and upon such conditlons as Ita judgment may dictate.Unless Trustor and Beneficlary agree othenruise in wrlting,any "
<br /> appiication of rents,lesues or profits to any indebtedr�ms�secured hereby shali not extend or postpone the d�ae date of the In• '
<br /> � statlment payments as provided In the Loan Agreemoan4,and the application thereof as aforesaid shali not w�Ive or cure any . •,�`� '�='
<br /> i defautt or notix�of deisult hereunder or invalidate any act done pursuant to such notice.Trustor aiso assigns to Beneficfary, " �
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<br /> as further secvsaty for the performance o4!he ob�igations secured hereby, ali prepald rents and ait monies which may have �j�� ��
<br /> i been or may heQeafter be deposited wlth satd Trustor by any leasee of the Property,to secure the payment of any rent,and
<br /> • � upon defauit io the perforA�ance of any of the provislons hereof, Trustor agreas to deHver such rents and deposits to the I ��
<br /> • -: Beneficiary.Detivery of wrlCten notice of 8e�elficary's exercise of the rights g�.arr2ad herei�to any tenan3 occupying said �� .;„ ,
<br /> `•�'', � premises shalt�e sufticfent!o require aa1�t tenan2 to pay said rent to the Benesic�ary untll fuRher notice. i ��
<br /> 8.Condemwa4aan.!f Utle to any part ot th�I�roperty shalf be taken in condemnallon proceedinga,by right of eminent domain � :,,i;';�:,.. ��
<br /> or simiter acto�ra,or shali be sotd under�t7�r.�at of condemnation,all awards.damages and proceeds are fiereby assigned and � • •'�� �' �� • �'°
<br /> shali be pafd to Beneficiary who ahatl appty such award,damages and proceeds to the sums secured by the Deed of 7rust, ��' ' �M
<br /> I with the excess.if any, paid to the Trustor. i . ' ��r'
<br /> 10.Futuro Advencea. Tha Loan Agreement provides tor advances from time to time to Trustor by Beneficiary as provided •�'.�''_
<br /> therein.tn adcEi2ion,upon request of Trustor,Beneficlary,at Bene4���ary's optlon,pNor 2o reconveyance of tfie Property to the ..�'t•'�'.;ti �'{.
<br /> Trustor,may make additfonal future advances to the Truator.Such,9u�ture advances,with interest therec�n,shali be secured by ` ?�'�. � �,r
<br /> this Deed of Trust when evidenced by promissory not�s stating that safd notes are secured hereby;provided that at no time �
<br /> shaN the secured principal and future advances,not i�,�luding sums advanced tc v�otect the securlty,exceed one hundred per• .,
<br /> , .{ eont(100%)of the original principal amounts secured hereby. �
<br /> '� °�...I 71. Remedles Cutnul�tivs. Ai� remedl�s Drovlded in this Deed of Trust are distinct and cu�uiative to any other rigt+t or '
<br /> remedy under this Deed of Trust or affor�car�by law or equlty,and ma•y b�exercised concurrently_ :ndependently or success�v�- '
<br /> .. •�� �y' ' �
<br /> � '12.Acceteretion:Remedtea;Sale.A d�4ault ahalt euist in the event ot: .,.z'
<br /> �41', Any traud or miarepresmntation by t�e 7rustor ir+con�ection with the tu�e of credit whtch this Deed df Trust seCUSes: .��;_
<br /> � (8) Any taflure on the part oi the Trvstor to rneet the Pepayment t�rms In respect to the Loan Agreement and any oCMer ad- :'�'
<br /> vances under thfa Deed of Trust hereby secured;and, ,°��
<br /> (C) Any action by the Trustor prohibi4�d�y trte terms of the Loan Agreement or thfs Oeed of Trust or any faitu►e ot the Trusto�
<br /> - to aCt as required by th@ ioart Agreecmert!or this mead of Trust,each of vrhach Trustor hereby agrees nave an adverse er• r
<br /> � � fect on the 8enetlCfary's securi4y fmr tr�e Ilne of cv�dit established and trte vights of the Beneficiacy rn such seturity,
<br /> and upon the happening of any such event o1 default.Beneftc�ary rnay dectare all sums secure� hereby immediately due and
<br /> . payabieby deUvery toTrustee of written d�ciaration of default.7�e 1'rustee shali heve the po�*uer of sale of the Property,and if � .
<br /> Fleneficlary desires the Property to be solG. it shall deposit w�tn Trustee this Deed of trust and a11 promissory notes and
<br /> Qxuments evfaencing expendltures secured hereby and shail detiver to Trustee a written notice of default and electlon to
<br /> , cause the PrnFBny to be soid.and the Trustee in turn shail prepare a notice I�the form requfred by Iaw,which shall be duly fii-
<br /> ed for record by Trustee. •
<br /> (A) After the tapse ot such tfine as may be requlred by Iaw fotlowing the recordatlon of Safd not�ce of default,and notice of
<br /> defauit and notice of sate t�aving been given as required by law.Trustee,wlthout demand on Trustor,sha11 sen the Proper-
<br /> . ty on the date and at the time and piace designated In sald notice of sate,at pubilc auctlon to the highest bfdder.the pur- '
<br /> � chase price payable in Iawfui money ot the United States at the time of sate.The person conductfng the sale may.for any
<br /> caus��$�pedfentm.�sSpone the sale from tlme to tfmo unt ft It shatl be completed and.In every such case.notice
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