|
iio^a` ' �a111 e �
<br /> h 1 - � Sf�r4L ^2�._..
<br /> ,,�� , _...._ 1.:1
<br /> � •�.4 � � ^ . _ ._ _ . . __ . _...f�:w�.
<br /> ._:! �.� _ —.... _.. _._ - - " ..
<br /> 9�"" �� "'�+61 ,,. ,.
<br /> ��:��-� . .
<br /> 8ene£iui.ary may expend such funde and taka auch action a� is neaeaeaxy to
<br /> zamedy euch failuxe and all eume paid by the Beaefiaiary purauan�: here�o with
<br /> iateareet at �kie xato hereinaEter provided shal� con�titute a lien upon �he�
<br /> Property, shall be eeaured by thie Da�d Af Trust, arid ehall be immed�.ately
<br /> -�----_-_ ----� duo and �epay�bl� to th� Hene��ci.azyj (h) no� to ee1L tho PropertX or any ,
<br /> gortion thereof w3thout the ap�ro�al af the Beneficiary in writingi and in
<br /> - - - — the event af any �ale herein �rohibited, then the entire indebtedne�e secured
<br /> -- by this Deed of Tsust ahall, at Che �ption of the Beneficiary, become due and
<br /> '" payable� (i) that if the Propexty or any part or parcel ttiereof ahall be
<br /> �:�, -- talten or damaged t�nder the power of eminent domain, the award for any
<br /> = ----- Property so talteri ar damaged (3.naluding aeverance damages to the remaining _
<br />��-. premises) ahall be paid to th� BenaEiciary an.d applied in fu11 or in part at . —
<br /> the eption o� the Beneficiary in reduction of the indebtedneas hereby
<br /> j:� aecured= (j) that the BeneEiciaay ahall have the right to inspect the
<br /> Property at auch reasonable timee as the Beneficiary may deeire to determine
<br /> Truetor's compliance witY�. �he covenants contained in this Dead of Truat j (k)
<br /> that the Beneficiary may release from the lien hereof any part or parcel of
<br /> . the Property� aithout requiring axiy consideration therefor, and (1) that .
<br /> Trustor ia lawfully aeized of eaid premisee and Property in fee simple, that
<br /> the same ar� �ree from all liens and encumbrances except as may otherwiae be
<br />- specifically noted herein or waived in writing by the Benef3ciarys that _
<br /> ��?��. Truetor will execute or procure aay further necessary assurancea of title and
<br /> doea hereby warrant generally the title to said Property and will forever
<br /> defend the same against the claims and demande of all pereone whomsoever, and
<br /> � ,, �.:, �_ ....' that Trustor's aeparate estate, whether vested, contingent or in expectancy, _
<br /> _, �; is hexek�y conveyed an3 Truator doee hereby expreaely waive, release all
<br /> . r;t�,,i�':;;`.•. rights and benefits of any homestead, dower, curtesy, appraieement, exemption _
<br /> =1.�'���,�' and sLay laws o£ thia atate. It is agreed that the interest provided Eor in
<br /> . r,:--�:_,�
<br /> - ' �;�rrn� � subsection tg� abova eha3.]. he at th� sam� r�te ss specifi�3 in the N�rP
<br /> � ,,�.;;Y •-'�' secured hereby on the principal thereof after default and maturity. __
<br /> . � �33'.�:�."�=` �---
<br /> <' n�'?�Fa±�"%� ,S�O D_, in the event Trustor, without the prior written consent of -
<br /> ,- �s 3�r'"''�,`�`,�� Beneficia Y
<br /> , ��� �,��,,,..� ry, aha11 eell, tranafer or conve or contract to aell, tranafer or
<br /> ,-.,..
<br /> , � , �;�:�;;.�:;,;, convey the Property, or any part thereof or any intexest therein, the entire �?!��
<br /> ��° � �� balance of the indebtedness hereby secured shall become and be immediately ���::
<br /> - t; ,�� �.r�
<br /> -_ �.+.�;•;� ,.; due and payab�.e at the option of Beneficiary; provided, howevex, Beneficiary =
<br />- �.,r� may waive auch eptfon to accelerate if, prior to such eale, tranafer or
<br /> ��•j"''''�° � conveyance or contract therefor, Beneficiary and the person to whom the
<br /> ti._...�'d_t;;t t.�.
<br /> , � � ,�;. ,�.,:,. ,... property is to be sold or transferred reach an agreernent in writing that the
<br /> '� 'si°"'°'v;� credit of such peraon ie eatisfactory to Benef iciary and that the interest
<br /> ;� �; . � „r;..� payable on the sums secured by this Deed of Truat shall be at auch rate as
<br /> w �� , �:�..,�_� Beneficiary s2�a11 request.
<br /> � :�,.�:.,.,,. „���
<br /> , .:i��>,;, ,•
<br /> T=l D That as further security for the payment of the Note and the
<br /> -' �...,��^��,��,:.r°� �?-
<br /> ��,�,�...;. . , indebtedneas thereby evidenced and the performance of all of the terme,
<br /> .:;"��; , covenants and conditiona hereof, Truator agrees that Beneficiary shall and
<br /> �"` �'"��-� � daes hereby have the right, power and authority during the continuance of
<br /> �, � ' � thia Deed of Truat to collect the renta, isstxes and profits of the Property
<br /> -' � `�' ��,�' � and of any personal property located thereon with or without taking
<br /> � ��' « poaseasion of ttae property affected thereby; and Trur�tor hereby absolutely
<br /> � 1�� and unconditionally assigns all such rents, iasues and pxofita to Beneficia-
<br /> � .�,;w:;:'�j.; � xy. B�neficiary, however, her�by consents to Trustor's collection and
<br /> �``"`�=�•' �°�� retention af auch rents, isaues and profits as they accrue and become payable
<br /> �� `, so loag as Truetor is not at such time in default with roepect to payment of '
<br /> � any fndebtedne�s secured hereby or in the performance of any agreement �
<br /> � ; . hereunder. Upon any such default, Beneficiary may at any time, either in
<br /> _ _ . � . person, by agent, or by receiver to be appointed by a court, without notice �
<br />-� ���.::�"- � and without regard to the adequacy of any security for the indebtednesa ,
<br /> �'�'��� , hereby secured (a) enter upon and take possesaion of the Pxoperty or any part !
<br /> t� thereof and i.n its own name aue for or oL-hers,rise collect auch rents, iesuea
<br /> == ��;:-_ � and profits, including those past due and unpaid, and apply the same, less �
<br /> „ . ,
<br /> � - costa and expensea of operation and collectioii, including rea�cnable :
<br /> -�---�----- s_�_t_������� ��7 1... eAv �nr1 �n ctti+tit nYf�L�Y Sil3 ! .
<br /> -_,- __ _ .
<br /> __,__. ____ _ " __" ���.'�.
<br /> atzorney'8 IeEB� LLj7Ui1 tt�tY ttaucar�cuaacvo oca.uac�a ••�..�..�r ••••�• �•• ----- ----- --- ,
<br /> ; :� � Beneficiary may dPtermine; (b) lease the eame or any part thereof for such
<br /> , rental, term and upon auch conditione as Beneficiary's judgment may dictate ;
<br /> , or terminate or adjust the terms and conditiana of any exfsting lease or !
<br /> leases. Un1esB Trus�ox and Beneficiary agree otherwise in writing, any '
<br /> . � application of sents, iesues or profits to any indebtednesa secured hereby 't
<br /> � shall not extend or poetpone the due date of the installment payments as
<br /> - � " , provided in the Note or change the amount of auch installments. The entering
<br /> � 3 ,
<br /> .r •
<br /> �. �' �
<br /> � �;h��' �
<br />. �� `� ��Y� �
<br /> .. � ' .
<br /> .�
<br /> . i
<br />
|