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<br /> �ficlory'�inter�at htr=in a u�on t�is De4c)of�rust wiltw�t ra�ard to ony(a�N tt�at m�sy bs snnctad impoel�paymsnt of tho wPecle ar onY � ,, �; �,_-:
<br /> 1'�" ° � '� part thefeof upon tl►e Boneficlary.
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<br /> =. .x a;,•.� b. i'wiw:i.�.+"ti:.�:�C••:•�:::a c`C-.:...*�'.`-�,o e"°•"�'7,ira3to►sh,ull nx►ke afl�yme»9s of inffx�.t uad�rinciAal aixt payments of a�y 6 � ;_�+.��;�r�
<br /> ;::1i,t.i_.,;,;�� othw chorp�s,fN,r orM�xp�ns�s contratfd to b�pdd to any existlrw li m l w l r l e�o►pr l n r b t r N4iciar��s w�de�o^Y{xiur deed uf trust or mar- -__ _ _
<br /> - '-` -": . �`�`-''� tyapa before the dats they ae delinquerrt and prompttY PaY a�dischurge ony und all ather li�ns,claims or chorpes vfiich may'{�opordize the �___�-----
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<br /> -.,:,;;w�;••;"�i'�,�_ security granted herein.If Trwtor falls to make any sur,h poy►ntnt ar fails vo orm an af the covenants and raernes�ts contoined in this �
<br /> " :�. • � peed af Trust,or in any p►aor moriqoge or deed Af trust,of If nny oction ar praeediry is cortxnenced vuhlch materi�lly offctts Beneficiary's in- ��,R, _ __.
<br /> . .:`. .��::,__ terest in tl►e Property,includinq,bat not limited to,eminent domoin praceedlnps,or preceadinys involving 4 decesxlent,or if Trustor fails to pay �,�*Y:'��uµ��
<br /> � ,:�:; .•; Trustw's da6is ge�ral{Y as 4h:,y b�com�dua,tMn 6eneficiory, ut Benailcio�y's option and without notice to ar demand upon Trustor und -, �
<br /> " "• '".� withou4 releasing Trostor frnm any oh!ipation hereundar,map make s.xh oppeorances,disburse such sums,and take such acfion as is necessay � .. _ v �-
<br />`"'�� ��•�• '�, ' to P►atec�Baneficiwy's interost includi�g,but not limited to, dlsbursement of reosonobte attorney's fees,pnyment,purchase,cont�st or com- ��a4„�;,,:.Q_..-,s,�
<br /> ;;,.`� '.• promise of ony encumbrunce,char�e or lien, and entry upon the Rroperty to make repairs. In the event that Trusror shall fail to procure in- �- �rs�.�II:-
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<br /> ' I,, surance or to pay toxes,ossessments,or any other charges or t�make any payments to existing priar lien holders or beneficiaries,Bertaficiqry .,"' �-.1�T�'�'''
<br /> - • ' ° �� �� ` may procure such insuran�e und make such payment.Any amoums disbursed�y Ber�eficiury pu►suant to this Paragraph 6 shall hecome additional ����
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<br /> indeAtedness of 7rusror secured by this Deed of Trust.Such amounts shall ba payable upon notice trom Beneficiary to Trustor requesti ,.:�j,V._�.
<br /> � men7 thereof,and shall bear interest from the date of disburserneFli�t the rate Rayab!�from tims to tima an outstar�iing princ:pnl under the =_
<br /> •_ . No te u nl ess po yment ef interest at such roto would be coMrary to applicable law,in which event such amounts shall bear interest at the highest
<br />- roto parmissible under applicabte low. Nothing contained in this Paragraph 6 sholl rQquire Bennficiary to incur any expenie or take nny action ;,_V.4_,w,�.
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<br /> � 7. Attign�n�nt of R�n4�. Boneficiary shall have the right, power and authority during the continuante of this Deed oi Trust to collect the ,;wy__�
<br /> rents,issues and profits of the Property ar,d of any personal proper4y lacated thereon with or without toking possession Af the property aFfected _ ,���;:
<br /> • �� herehy,ond Yrustor hereby obsolutely and uncoaditionally ossiyns oll such rents,issues and profits to Benefitiory.Benefitiory,howover,hereby ~�,�._ _—_
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<br /> � consents to ti�o Trustar's collection and rutention of such rents,issues and profits as thoy accrue and become payable so long os Trustor is not, . ,�--- -�
<br /> • at suth time,in defoult with respect to payment of ony indebtedness sQCUred hereby,or in the performance of any qgreement hereund:r. Upon , ,,._
<br /> any such default,Bonoficiary may ot any time,either in person,by agent,or by receiver to be uppointed by a court,without notice and without
<br /> regard to the adequQCy of any security for the indebtedness hereby secured, (a)entor upon and take poss�ssion of the Property or any port , � .•�
<br /> '' • ..�...+• . „�o.�,�*d�a nnd�moaid.and anolv the same.
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<br /> 1f�@�QOf,ond in its own name sue tor or otnerw�se sdueci sum r e m a,w o o o��r�.,�i'i o�i�.,,�i' y. r-_. ___ _.._ _ , . . � _. °-
<br /> less costg and expenses of operatiun and collection, including reasonable uttorneys fees,upon any mdebtedness secured hereby, and in such .�� I
<br /> order os 8eneficiary may determine; (b)perfarm such acis of rep�ir or protection as ma!be necessary or proper to conserve the vol�re of the , �
<br /> " Properry; lc)leose the same or ony part thereof for such rental,term,and upon such cortditions as its judgment moy dictate or terminate or ad- k,�;�`
<br /> � �� � just the terms ond conditions of any existing lease or leases. Unl:ss Trustor and Beneficiary agree otherwise in writing,a�y application of ronts, , ,�.•, .. .�
<br /> � issues ar profits to ony indebtedness secured hereby sholl not Qxtend or postpone the due date of the installment pnyments as provided in said di�'
<br /> � promissory note or change the amount of such installments.The entering upon and taking possessior�of the Froperty,the collettion of such . �£• ��
<br />. � rents, issues and profits, and the app lication thereof as aforesaid, shall not waive ar cure any default or notite of default hereunder, or in- � �q�
<br /> ' , �� vnlidate ony oct done pursuant to such notice.Trustor olso assig�s to Beneficinry, as further security for the performance of the obligations „.,��
<br /> � � secured hereby,all prepaid rents and all monies which may have been or may hereafter bs deposited riith said Trustor by any Inssee of the Pro- „ .
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<br /> peny,to secure the pnyment of any rent or damages,and upon default in the performance of any of the provisions hereof,T�ustor ogrees to , �., ry Y;
<br /> � deliver such rents and deposits to Beneficiary.Delivery of written�otice of Beneficiary's exercise of the rights gronted herein,to any tenant oc- :' '+•
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<br /> cupying said premises shall be suffitient to require said tenant to pay said rent to the Beneficiary until further notice. •�d���.�%.' .
<br /> g,�ond�tien.If title to any part of the Property shall be taken in condemnation praceedings,by right of eminent domain or simiiar action, :
<br /> or sholl be sotd under threat of condemnotion,all awards,damuges and proceeds are hereby assigned and shall be paid tt,Reneficiary who shall
<br /> ' opply such axrards,damages and proceeds to the sun,secured by this Deed of Trust,with the excoss,if any,poid.to Trustor.If Trustor receives .
<br /> . , any notice or other informo4ion regarding such actions or proceedings, Trustor shnll give prompt written notite thereof to beneficiary.
<br /> � Beneficiary sholl be entitlpd,at its option,90 commonce,appear in and prosecute in its own name any such action or proceedings and sholl be en•• ,
<br /> ' titled ta make any compromise or settlement in connaction wi4h any such action or praceedings. ' •�.,,
<br /> 9. Remadi�s Mot Excfu:lre. aeneficiary shall he entisled to enforce payment ond performance of ony indebtedness or obligatians secured
<br /> � �� hereby and to exercise all rights und powers under this Doet�of Trust or under any other agreement executed in connection herewith or any laws
<br /> � now or hereofitor in force,notwithstanding some or all of 4he such indEhtedness and obligations setured hereby may now or hereafter be other-
<br />_ � � ' wise secured,whether by mortgage,deed of trust,pledpe, lien, assignment or otherwise. Neither the acceptance of this Deed of Trust nor its
<br /> enforcement whether by court attion or pursuant to the power of sale or osher powers herein contained,shall prejudice or in ony manner affect �
<br /> Benoficiary's right to realize upon or enforce any other security now or hereafter held by Beneficiary,it being agreed thot Beneficiary shall ba `.
<br /> � en�itled to enforce this Deed of Trust and any other security now or hereaher held by a2neficiory in such order ond manner as it may in its ab- I
<br /> � , solute di�cretion determine.No remedy herein conferred upon or reserved to Beneficiary is intended to be exclusive of any other remedy herein ,
<br /> �� or by fa�v provided or permitte�l,but each shall be cumulative and sholl be in additiun to every other remedy given hereunder or now or hereafter
<br /> ' existing at law or in equity or by statute. Every power or remedy provided hereunder this Deed of Trust to Beneficiory or ro which it may be !
<br /> t otherwise entitled, may be exercised,concurrently or indepnnd�ntly, from tima to time and as aften as may he deemed expediont eeneficiary i
<br /> s ' � and it may pursue inconsistant remedies.Nothing herein shall be construed as prohibiting Beneficiory from seeking a deficiency judgment ogainst i
<br /> t � the Trustor to the oxtent sucb�ction is permitted by law.
<br /> -•� 10. Qranafs►o}Propart�tt�Swnption.If all or any part af the property or any interest therein is sold,trunsferred or convayed by Trustor !
<br /> � „ without Benefitiary's prior written conseM,excluding(a)the creation of a lien or encumbronce subordinuto to this OQed of Trust, (b)the crea- I
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<br /> tian of a purchasa money secunry mteresr ror nouseno�o appaant�o.��/���4�����v�w.��,....+..•••-•-r-r-•-••- - - -� - - -
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<br /> joint tenont or (d) tha gront of any leasehald interest of three years ar less rtot containing an op4ion to purchase, Baneficiory may, at �
<br /> Ben�ficiary's option,daclare all the sums secured by this DeQd df Trust to be immediately due and poyoble,or cau,e the Trustea to file a notice _
<br /> �' of dofault, BQnefitinry sltall have woived such option to attelnrate if,prior to the sale,transfer or conveyance, Beneficiary and the persnn to _
<br /> wtiom the property is to be sold or transferred reach agreement in writing that the credit of such person is satisfactory to Beneficiory and that
<br /> � tho inte�ost payo4le on 4ho sums secured by this�eed of Trust shall be at sucl�rato as Beneficiary shall requost.
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