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<br /> r, � IT IS Mi�TUAL�.Y ACiFiEED THAT: ��� 1���
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<br />— LITIDATION:pruatarehnlldetendt►nlaTrustinnnyac+.lonorpraceaiingpa�rp�riingtaafMcteu�hproperty.wltisti�'txno! �,,,�,�,l,�,y,•_A:.,,.,__
<br /> :,i � • it atiec4s tha aecuriry hsreof�or purposting to aft�ct ths rlphts or p�we�a of H�nNicl�ry of Tru�Me,[►nd slutil ttte end
<br /> �' • �� ° proaecuts atl ns�:�s�ary claims and acUons to pravant or recover for any dsma��to ar d�shuctlon ot auoh prap�t�t.snd -�_
<br /> . . , �. eitherTrestesor8�neficiaryt�henbyauti�orized.wlthoutoblipa�cnwtodo,toaomm�nc�.�ppNrinortiM�ndanywch
<br /> � � � �ctton,whetherOrouphlbyorepafrtatTrustor.8�nefici�ryorTrutte�orwitharwit9�outQUft,tp�xencis�ot�nlores�nyotl�r �--
<br /> ��.;:;,� ,. � , . .f.' �ight,�etMdyo�pow�ravaitabNorconiK��dMnundu�whNhNAtnotJud�mentb��nMrodinony�atlonorpraNdin�:
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<br /> � .� � andT►ustoror�eneticlarymayappea�or(nterven�inanyactiAn�t.ptoa�tng,pndret�lncourtlNtMrsi�;tndt�kesuch
<br /> ;� . _ .�, ° acdontherei�.aseftAermaybeadvlaedandmayaettie,comAfomll��orRpYtt�est�moorenyoti�ciai��end.inE:�a1[is��aiQ �
<br />_ �+•� �� ° � andioranyolsaidpurposws,mayexpendandedvancesuchsum�l��+�An�rplheftMrmayd�smn�ary.M�h��Q►�
<br /> T�ustar aotippears ordeknda�,7ruetoron demand,ah�It�ay a1l�aoabt�and,en�Misof�enellcl�ryattd T�rus�,includin�
<br /> ° cost of evidenca of tftts and e►tttomey'a fses In a reaspnnbie,sum�,�m�rty.r,ua��e�ctton or procNdfn�In whlch B�nMiciauy or -'"
<br /> . T►ustee msy appear by virtua of betng mede a party,dot�ndnnx ar atttatwiss artd irreapeaitve ot whethsr the fntere�ttof =
<br /> . -� 6enefieiaryorT�uateeinauehpropertyla�dlroaHyquesdprtsdbvsu�h€�tlon.includingbutnotlimitsdto.anyactiontortt�e
<br /> ' . foreclosure of.or eale procaedlnps un��r.any seaondery tten�n��uoh property, condemna�tton or putitlon of auch - _ �_____
<br />-� . property.and any suft broupM by 6enaflciary to br�cioae thta Daed of Tr�et.�. —
<br /> " / CONO�MNATiON:AII aums due,pafd or payahle to Trustor.ar any�uacnssor in Intereat of Truator,whether by way of --
<br /> judgmer�R setttement or otherwise,�a)ter in�ury or damAgo ta auch pro�qrty.or(b)in conrtection wfth any condemnati�on --
<br /> �, for pubtic uae or injury to such pmperry or any partthereo�ar(c)io aonnection with the tre►naacdon ftnanced bythe toan =_
<br /> � � �� � , secured hereby or(d)ariaing out of ali r.ausas of action�whet,her accruing betore or after the date of thfs Deed of Trus� _=s
<br /> • sounding in ton or cvnt�c/, inciudtag c�uRes s��Ctton tqr trewd or conawalmant of a materiat fact topether with the �:;.��,
<br /> .. settlements.proaseds,awardsartddamagea.di�ctandconsequenUal.in�pnnsctIontherewithareherebyabaolutelyand .'��:,°r^��°
<br /> ir�evocabiyassignedandehalibepaidtoBeneflcfary.8enqfiaferyshaUbeen�Hed�atitaop�on,tocommence.intervenein. ' •���=_�,-__
<br /> appear in and prosecute in its own name,any action or proceeding,or Yo make ama compromise or setttemenL in �`� --
<br /> . .�:.^_�--
<br /> connectton wtth any such taking or damage.T►uator egroes to exeoute suah tunher assignmenb ot any compensatlon, ;'�^_.,:-_
<br /> awaM.damages.�ights of aotion and proceeds as Beneflciary may reQuin� . . �,-,,,,----
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<br /> ..`�i��; Allamountsrecetved�vBerteflctarypursuanttothlsDaedoiTrustundor8�►iJreorotherinsurancepoticy.inconnectlon ':" '�"�`
<br /> , , withanycond�rrenationforpubllcuseoforinJurytosuchproporiy,foNnjuryordamagetosuchherebyaretobeappltedat ,' . ��
<br /> � , � the option o!BBneflciary upon any indQbtednesasecured her�by.The applicsation,useor releas�of such amountshai{not � �
<br /> cure or waive any detault or notice of detault hereunder or lnvalldate any act done pursuant to such notice,. , � '
<br />__ — —_- . �Oi�SEi�T.PAR�iRi.RcCOH1i�YANC�,ETC.:'ir�stae r�sy.ai asy tima,a�from tlrsss ta!lrsa�wilhass!!!$bl!!!�lhsr�rs. � .
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<br /> and without notice,upon written request of 8enoflciery.and without aHeating the peraonai liabiiity of any person for � ` '..n�:
<br /> payment o!the irtdebtedness secured hereby,or the tien otMis Daed of Trust upon the remairtder o?such property f�rthe � •
<br /> , . fullamountoftheindebtednessthenortfiereatter.securedh�rotay.ortherightsorpowersoftheBeneflcfaryortheTroastee I � ,;•��
<br /> ' ' � with respect to the remainder of such property,(a)reconvey aray pert of auah property.(b)consent to the making ot any .. =. ��
<br /> " , `'' maporplatthereof.(a)jotreingrantinganyeasemantthe�on.or(d)join�in�anyextQnsionag�eeme�toranyagreement � , . Y��.
<br /> , subordinating the lien or c�earge hereof. ,. �.,�� .
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<br /> ,'�?' FUII RECONVEYANCE That,upcsr+w!itten ' �� � �1
<br /> request ot BonQfiaiary staHng Met ait suma secured hereby have been paid �
<br /> ;- � . • and ali obllgatlons secured hereby F�avO been satisfeatorily pertormed,T�ustee shait �econvey,without warranty,the � , , , ,�,•. `
<br /> - ! property then hald hereunder.The recitais in such reconveyance of any matters of iaat shall be conclus(ve proof of the ;
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<br /> _t trutf�fulness thereof.The grantee in such reconveya�ce may be designated as"the p8rson o�persons legalty entlUed ! .. .
<br /> "' . thereto".Such requests and reconveyance shatl nperatR as a reassignment of the rents,income,issues and proflb � � � � ,
<br />- . � heroinbetore assfgned to the Beneficiary. , ,. . �
<br /> ,, � � RIGHT TO COILECT ANO RECEIVE RENT8 AND PROFITS:Notwlthstanding any other provieions hereof,Benetioiary ,l
<br /> . hereby grants permissian to 7�uutor to collaat and�retein the rents,i�oame,6ssues and proflts of such property as they �- �
<br /> " becoma due and payable,but reserves the right to�revoke suah parmission at any dme,with or without cause,by notico in i �
<br /> - wrlting ta Trustor. mailed to Trust�r at his Iast known addrea�.in any svent, such permissfon to Trustvr shall be ' :;�t;,�. .
<br /> `���., � 1<`.�' automaticaily revoked upon default hereunder by Trustor. ; . ,
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<br /> � FINANCIAL INFORMATION:Yrusto�wfli provldeto Beneflciary.within 90 days otthe ciose of each tiscal yearof Trustor.e �
<br /> � consolidated balance sheet and statement of eamings of T�ustor and any and atl guarantors of the obligations secured
<br /> . , - . , hereby and wili provideand deliverto Beneflciary such other Nnanciai inbrmallon and in s�ch manneras Beneflciary may . ,.,
<br />_�� . � direct from time to time. � ,
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<br /> . j FINANCIAL COVENANT:Trustor shait compiy viith and shalt cause any and aii guarantors ot the obllgallon secured
<br />_ s : horebytoeomplywith,orbeincompliancawlth,thefollowingflnanclalcovenants:(Thisparagrephshallbenon-applicable
<br /> _ '� if cov�nants end requivemenb are�ot flited in below.) •
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<br /> ti�' �`7 EVENTS OF DEFAULT:Any ot the toilowing eventa shali be deemed an ovent of detault hereunder.
<br /> � � (a)Dafault shall be made in the payment ot any instatiment of principal or interest or any other sum secured hereby when
<br /> ; , due:or
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<br /> =jr „ (b)Trustor should bre�ch or othon�vise be in defeult under any term, covenant, agreement,condiHon.o�provisfon
<br /> ;; � cornained herein or in any building Ioan agreement or in any othoragreement secu�ed hereby;or
<br /> ;� � (c)Any representa�on or covenant made herein,in any buiiding loan agreemen�or in any othe�agreement sscured
<br /> - '• , hereby or given in connection herewlth or any indebtedness s�cured hereby shouid be fatse or misleadirtg;or
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