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<br /> :: , -8- �ae��`'' 1.�"�Bi�ta . _- --
<br /> : tazms ee� lor�h in tihe 2Jote, �o be immodiately due and pnyeble, or (b) raiee th� intaxest ' .
<br /> ' rate duo on the Note in orhiah evont ouah re�t� dhall inmedin�oly inorc+aeo to Clie r�ox imam -
<br /> ° lawtul rato o! interort for tha juxi�di.atiom i� whiah the Property is loaatod unleea thd � ^
<br /> � •. BENEH'iCIAAY �hal1 o�herwio� give the RRUBR'OA k�ritt�n notioe of BENEH'ICI7IRY'B olaotioa, �t ite � • �� - ,.
<br /> ' . •� eole option, td aaaept n epeoiPied ineren�ed rate o! interest whiah io leee than the maximum —
<br /> lawful rate. Thie provieion ehnll nct apply to traneFere oP Cl.tle or i.ntereet under any Will , .,, --
<br /> • � ' or Teetament or appLicable law oi fledaent.
<br />' � 10. H�MQtQPT�Y. In the evax�t that (e) nny Horrower (he�roiaaf�er dePined� ehall filo � _
<br /> or tihere e8a�e f��ti againd� euoFi �errower a ge�i�ion in b�nkrup�oy or ineolvenay a�r a -. _
<br /> „ „ petiti.an or answer neoking any reorqenization, arrangemen�, aompoeitioa, readju�tment, ° �
<br /> liquidatiion, diseolution or eimilar relieY uader the bn�nnkruptay lawe of the United �tataa or , '=-:
<br /> under any other appiicabie Federnl, Btate or otih�r statutm or l�iw and euah procoeding ehall � '�.;
<br /> • no� be diemieeed wi�hin thir�y� (30) daye af�er oc�nenaemont thexeoY, or {b) a xeceiver, . , '�
<br /> �� truetea or liquidntor eha11 have been app�inted with reepna� to Horrowor or all or any �
<br /> � eubetantiai parti of any Borrower's property and euoh appointment ehall no� have been c+acated ;,�,�-.�,_-
<br /> .,.
<br /> within thirty (30) daye then, in any ouoh �vent, SEN�BICYARY may, at ite option, declaxe ehe � '•-��
<br /> �� �� � prinoipal of thd Nntd heroby ee�sured and tiHeri ou�etiondi�g �o be due and payable i��ediately °`-�f`"'rt�
<br /> _ and upon auah dealaration the entire eaid prinoipal ao deolarQd to be ctue and payable _-
<br /> togetP�er with any other eume eeoured hereby ehall beoome and be 8ue and payable immediatoly, f ��;�„";-
<br /> . tunything to thie Dcsed of T�rust or in oaid Note to tho oontrary notwithetanding, to th� extent ,
<br />- • ' permitted by law. Dor the purpoeee of thie paragresph "Horxower" ahell mean any pereon who `'� , ;�v`
<br /> exeouted or aseumed the Note or any guax�antor of the Note or any ownar oP tha Truet Psemiees,
<br /> , or of any interost therein, including any ehareholdar of a corporation, joint venture or „ �• —
<br /> joint venturer, genexal or limited gartnership or general pas�ner, or land trustoe or , �
<br /> „ ,, beneficiary (or any ganeral partner or joint voaturer of any joint nenturo or general or :'`.�� �'+ °—
<br /> � limited partnerehip which ia a bonefiaiary). � "�
<br /> 11. PR198IItVATIOIi OP PROFSRTY. TRUBTOA ehall kee tho buildinqo aad other „ ��� �!'
<br /> P
<br /> �;,��
<br /> improvemonta now or ereafter ereoted on the Truet Prem�ooe in gaod repair and aondition and ;.;;..,
<br /> : - -- ;= 8t2:?1 �Y.^.YZLS_ =11 L2�!��.�j 9_2'?3ff°_ A°Coaa�.-j f.,r thca n�wrat i nn an�i nrwns+rvat i en of tha ._— �:i:� --- --
<br /> Property. TRQSTOR ehall coauait or permit no waet� and ohail not materially alter tha deeign � :�y� �
<br /> or etruatural character of the buildi�sga now or horenfter erected on the Land without the •'',`;'
<br /> - � pr.ior written coneent af BENEFICIARY and in no event ehall TRUSTOR do any act or thingwhich � ,��'�'�'''• p
<br /> ��. :
<br />- would unduly impair or deprooiato the value �f the Property. TRUSTOR ehall not abandon tho �<.`st'%`• .� �
<br />- � Property. 7CRUSTOR ehall aonform to the standarda o� qoad huebandzy and ehall, at all timeB,
<br /> act r�o as to minimize ora�ion and depletion of tho eoil. TRUSTOR ehall utilize avaiLable , , �
<br /> . water in aonformanae with ourrent agricultural praaticee so ae to avoid exceeeive depletion •
<br /> � of available water suppliee. r '�•'��
<br /> 12. RL(iIIT TD IHSPEC.C. SENPsFiCiARY, or its ngents, shall have the right, at all �%;�.��
<br />`' reaeonable t ee, to enter upon the Truet Premiees for the purpoeee of ine�ection thereof � ••a
<br /> without thereby beaoming liable to TRU3TOR or any pereon in poeseasion holding under TAUSTOR I
<br /> � provided, howener, BENEFICIARY ehall gine TRU6TOR notice prior to any euch inepection. � �
<br /> �.�i�s_
<br />"- 13. PHOTECTio11 oF S$NBFICIaRY'8 SECQAITY. If TRUSTOR faile to perform any o� the � ;,.. . `,
<br />' covenante and agreements conba nod n t e Deed of Trut�t or if any action or procaedinq ie I �i L
<br /> ' , commonaed which does or may adnornely affoct tho Truet Pre.�nieoo or PropQrtg or the intereet f . � �►
<br /> oP the TRUSTOR or TRVBTEE or SSNE1�iCIARY thorein, or the title of th� TRUBTOR thereto, or if i �• �:
<br /> � � TRUBTEE or BENSFICIARY ehall be made n party to any such action or proceeding, includ£ng a � �;"
<br /> " Sankruprcy proceeding in whiah tho TRUBTOR or any Borrower ae defined in Paragraph 10 ie a ; �`i
<br /> " debtor, thos� tha B�tiE�ICIARY, at ite eole opttion, may per�orm euch conenante and aqre�menta, ' {'
<br /> " c�efend against and/or inveetigate suoh action or proaeeding, obtain appraieale and take euch � , ��
<br /> " nther action ae gENEFICIARY de�ne neaeaeary to protect HENEFICIARY'S interee�. BSNEFICIIIRY � �� '�..
<br /> � ' ehall bo the aole judge oP the leqality, validity ctnd priority of claime, lfeno, � , ��
<br /> • � enaumbranoae, taxee, aseessmenta, chargee and pra�miume paid by it and of the amoun� noceeeary ;
<br /> " to be pr�id in aatisfactioa thereof. In tho event that, n£ter damnqa to or daetruction of tho •
<br /> Truet PrEminee or condemnation of a portion therQOf or a eale under threa� thereot, the � '
<br /> BENEFICIAR]C olects ta �eetoro the True� Pxemieoe and tho iusurance, eale or condemnation
<br /> proceefle as tha caee may be which aro paid to 8$NEF:iCIARY are not euffiaient for each ;
<br /> restoration, BENIEFICIARY may effect the roetoration in such manner ae it determinee. i
<br /> SENEFICIARY io Y�ezeby given thA irxevocable power of attorney (which power ie coupied wi�h
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