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<br /> �°l.le'It�lJ`rflf��L;'�'vi�:'�:�r�4i�,1cl;f,.;�f�tijloi'�*�.�:�41i�cs5yt�erla�iQV�vESCC�ul���Ezz�;E3t>�r1�i�to���t�::c3���,���;�;;�::;������►:::;�:.r�r�zct: ,
<br /> ° it Aft�ct3 fiio su�i�rify{�arao7,cx�p;�►�aar�tl�i�fa a6tycZ f�o v!�{�f3 oP p���ers�4 6�.?::r�c�Sl�lary �i�'vei�::;a,c�i:1 ci�aEt ii!�c,s�z� � , '
<br /> ' prasocuto ail neceaaary ctalms and�ctlona tQ prevent nr recover Qor�ny damafle io or cfes�ruction ot euch pr��rty.a��l :--
<br /> eltherYraeteear8eryetlr,ladylaherebyauthor{xed,wlthoutobll�etlons�t�do,taconnmences,eppearinordebndan���RCh «����' ;,�`�
<br /> _'_�•;_`- .�<� � = � tl nwh tt� brou htb orA AlnatTrustor,Bsneflcf� or7ru�teearwitt�orwithautdult,td�xa►rclaeorentarc�anyother ��_��r�'-�_°�–�•-=•____ =
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<br />_ � � ", " � rlght,remadyorpow�r�svai(abieorcantoeredhereund�t,whelherornnt�udg�entbeenteredlnanyactlonarprocoedlnp; ��–� �•::��,,,��-
<br /> °-_.s.',:`, , ,..E�,�� and'i�uatoror�ienefrlcferymnyappearurin4�w�jel��a�iysa�l�iio��rxe�:;{����as:�PC:,ai��au:�.lt'�.rc'.m,and�!;a�u*h �;:��._---
<br /> • • � � actlon therefn,as elthar ma be advised end may ae�tls,compromise a�pay the aema or eny other c�aima�n�i,in thatt►ehalt �'�-_�°°`_� J i.~u(
<br />� � � -- andtoranyofeaRdpur�,oaaa,m�►yexpendandadvance�ucPeeumaolmAnayaaelth�rmayd�emvteceasary.Wheth�rornot �.�'-�'���H"--'�"`�°
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<br />:�:. Trustor sa epnee�re ordMands,Truator on demand�hall pa�y�i!Gost�eRd expenaes of BeneficAary ar�d Truates,lncludinp �,,;� :•-��k�:�,;.� ; _
<br /> � � � coat of evidence al title and attorney's tees In a reasonabte sum,In any auch sctivn or praceedinp In whfoh Boneflctary or �?,"►'r`;;��'a��:
<br /> � � Yrustee may eppear by vivtue of being made a par4y detandant or att�erwiae ar+d irreapeclive ot whethsr Qhe intereat at � '"%"`'".�
<br /> ' Beneticia�ryarT►�eteoins��chProp��tyfadirectlyquestionedbysuchaction,includingbut�otifmitedto,anyacttantorfhe •, " -�;-;�����; . �
<br /> k_ � � toreclosur� of,or s�ls prnceadings untler,any secondary Ilen on suah praperty,condemnatlon or partitlon of such �„•. ;J�j, .;.,.:. _
<br /> " " property,and any ouli brought 6y BQneflcisry ta foreclose tt�is Deed o}T�uat. � �"`��°' ��•`'`'"`
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<br /> CONDEMNATION:All�ums due,paid or payable to Tru�tor.or eny auccessor In interest of Trustor,whether by way of ,. � �„ ..;:
<br />_.. judgment settlemsnt or othervvise,(e)for injury or damuge to such praperty,or(b)In connection w3th eny cnndemnatlon :.,.,
<br />, for public use or inJury to such properiy or eny part thereof.or(c)fn cc�nne�tlon with the transactian Manc�d by the loan , .;,�.,,��;,�����.`
<br />_ . sscured hereby or(d)sd�ing out of all causes of action,whether accruing before or aiter the dato otthla Desd of Trust, � - �__,�._--
<br /> �� saunding fn rort ar co�tract,incl�ding causes of ecYion for i�aud or concealment oi a mAterial lact tapether witfn tna ':` ;�,,,�_,,;;-._
<br />- � settiemente,proceeds,awards and damages,direct and consequential,in connecUontherawlth areherebyttbsolutelyand �r,.,?;�,.,��;,::.
<br /> ' ' irrevocabty�assigned nnd shall be patd to Bt�neflcfary.Benef(clary ohall be entitled,at fts optlon,4o cammence.intervene En, � � '` ' . .
<br /> , appear fn and prosecute in its own name, any action ar proceeding, or to make any compromise or sottloment, in
<br /> � • � connectfon w(th any such taking or damage.Trustor agrees to oxecute such further assignments of any c�mpansatlon, "� =� �"''` ,
<br /> • .. , award,damag�s,rights ot�ctlon and praceeds as F3eneticiary may require. �
<br /> A01 amounts racalved by Benefictary pursuant to this Deed of Trust under any flre orother insura.nce policy,in connection t,� �
<br /> ma etosuchhereb aretobeappliedat �`
<br /> wiih any condemnation for public use of or injury to such proparty,for inJury or da g Y �
<br /> the op4ion af 8eneticfary upon any indebtedness secured hereby.The epplication,use or r�ldaseof such emount shall not '��`
<br /> • ' �� cure or waive any default or notice of default hereunder or I�validate any act done pursuant to such notfce. • t,. ^�
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<br /> CON5E�1T,Pd1RT1AL FiECONVEYANCE,ETC.:Trustee may,at any time,or irom time to time.wi4hout Ilability theroforo, � � �• �•
<br /> ��'',•� . and without notice. upon wrltten request of Beneficfary, and without affecting the personal Ifability oi any person for ti"y. �.
<br /> � pay�nent of the indebte�ness secured hereby,or the Ifen of thfs Deed of Trust upon the�emainder of suah property for the • . � �, �
<br /> fullamountnfthelndebtednessthenorthereafter,seCUred hereby,ortherf�htsorpowereoftheBen�ficfaryortheT►ustcae � .
<br /> wilh respect to the rem�inder of such proparty,(a)reconvey any part of such property,(b)conserot to the meking of any , ;r; �
<br /> ° map or plat theraoi, (c)�oin In granting eny oasement thereon,or(d)Join in any extension agreement or any agreeme�t i '� �
<br /> , aubordinating the IIQn or cherge hereot I ,��{
<br /> FULL RECONVEYANCE That,upon wrftten request of Beneticiary stating that all sums secu�ed hereby hevo been pald " :.�
<br /> ., and all obligatlons secured hereby have been satistactorily pertormed, Truste3 shall reconvey, wfthout warranty,the
<br /> property then hetd 4ieraunder. The recitals in such reconveyance of any matters of tact shaU be conclusive proof of the . , . ;.�;�`
<br /> truthtulness the�eof.'fhe grantee in such reconveyance may be designated as"the person or perso�s Iegally entitled - .
<br /> thereto". 5uch requests and�econveyance shali operate�s a reassignment of tho rents, income,issues and proftts ,,�'�
<br /> _• hereinbetore asslgned b tho�3eneficiery. �
<br /> RIG�iT TO COLLEC'�AND RECEIVE RENTS AND PROFITS:Notwithstanding any other provisio�s hereof,[3eneflciery '
<br />_ hereby granta permission to Tvustor to collect and retain the rent�,income,issues and proli4s of suCh property es they
<br /> , become due and payable.but reserves the rtght to revoke such permission et any time,�vith or wiihoui c�use,by notice in , .
<br /> wrlting to Trustor, mailed to Yrustor at hls last kno�rn address. In any ovent, such permissfon to Tr�astor shall be � `�� '
<br /> •• automaiEcally revoked upon detault hereunder by Trostor. '
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<br /> FINANCIAUNFOi9MATI0N:Trustor wfll provideto Beneficiary,within 90 deys of the close of eachfiscal yearof Trustor,a ; � �
<br /> " � consolidated balan�e she$t end slatement of earnings of Trustor and any and all gua►antors of the obUgations securc3d I , ,
<br /> herebyandwll{provideanddelivertoBeneticlarysuchotherfinancialiniormallonandinsuchmannerasBeneficiarymay i �
<br /> direct from time b time. ;
<br /> � FINANCIAL COVENAN7:Trustor shali comply with and shall cause any and all guarantors of the obligatfon secured
<br /> - „ heroby to comptywitB,or be In compliance with,the followf�g financiel covenants:(This paragraph shali benon-applicablo
<br /> if covenants and requirements are not fillsd in below.)
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<br /> �–_:--__ . . .:. -. .
<br /> � EVEN'�S OF DEFAULT:Any of the toilowing events shall be deemed an event of default hereunder:
<br /> �`;` ' �. (a)Deteultshalibemadelnthept�ymentofanyin�tallmentotprincipalorinterestoranyothersumsecurodherabywhen
<br /> due;or
<br /> ' (b)Trusior sl�ould br�ach or othQrwise be in detault under any tenn, covenant,agreement, condition,or provisipn
<br /> � contalned heroin or in eny buildirtg loan agreement or In any other agreement secured hereby;or —
<br /> . (c)Any represontetion dr Covenant mado horein,in eny building loan ac�reement,or In any other agreement secured
<br /> E ;, �� heraby or piven in connectlon herewith or any indebtedness secured horeby should be false ar misleadtng;or �
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