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<br /> � �� YQ PFiOTECT TME S�CURe7Y OF TN�TRlISF OEED.TRUSTO(i F�EREBY COVE9VAISTS ANO At��RceS A3 F�LIOWS: � . __
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<br /> ����`���'�'}�� � 1.QAY�!�HT OF PR1tiC1PAL OjND Il3YERE9T.Tasior sAatl rom =--
<br /> A AuY RaY v�hon Que tpe principal ot ertd intorest an tha indebtedrsess eytdor.eed by�
<br /> ,,:;""��"� th0 lVote,and e11 athe�ehargas an�l fees as pravidetl in thp Nota,entl ths pr[nc3�a10!and intsrast,an any Fuflse AQv�rtcas sesur�Oy th4$Tnut D s e d.., � _
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<br />--�_'= T---�a���. � 2.WARRAtii'It OF TtYtE-Trostor ts ta+�fultyr soized artQ'pnssEr�.°sad ot�ad and tndpfeasiDte titIe.and estate tv.tJso 6'ro�erry nera0y comieyekJ mid
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<br />- - s ::{ , . . has trte dgnt to grant and eanvey tho P►opzny:tns Prapsrty is fres and ctear of alt lioes and encumDqaacsa exceyi ttens�aw af recard:artd Tn�s3ar witt _-_-
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<br />::;,���:��.��`�.- werranl end detanct tna titte ta the Property ago-inst alt ctaims and demands. , , . � . •�
<br /> ` ; �` "'' 3.6AAf2iTENb4lIC�AHDC��IDLtA[dCEYJtTWIAWS.TrwtarahatlkesPihePraFerlyingaodrepatrandcartdidartandshaf�rtoicommi►�vasteaapetmit
<br /> .�_� .'�'-"`�-. ^ impatrmant or Beteriurailcn o41he Froperty anQ stias.comysly�rith ilsa�uav�af any t�ft tlus TrusilTseIIls on a teasst.a�4.No ie�myemern�t�w __ . .
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<br /> _ _��.;::4�:�.';:.,�, or hereaftererscted upas�the Prapere�shatt fos astered removed or demolfshad vrithavi tte pdor vrrittan eonsent af Benofielary:'frucrtd►sl�all�ompP�arn21�
<br /> �-r i_',�'�� , upa�C�e�i►ro�p�ert��n atati naof any a v,ardinance, e( gula6cn,eo�re�nanGftcandiiian o�estiicUon Tcusto shaU campiate or reste e promptty antl in'goad
<br /> ?:��-`-��-���r�` �IlScemamteranyimpravementanthePropsrtyvrhichmay6edarr+agedordestroysdandpay,whenQue,ailetalmsf�[aGOrper(amtedatsEr�ateria�,
<br /> �L•=?��a.: tumtshetl tf�erefor and for a�t ali�raUans tAereof. . ' '. —
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<br />._':,�.;�;,'•��.�`." 4_ENSt1A/INCE.Tnistor,at its expBnse,will maintaln�srith irsu�-arsapproved Esy geneficiary,insurencewith resge�ttoUre i�npravemams and peraona)
<br /> - ° - �goperry.eanstihdIng tRe PraPeriY.agatnst tass Gy fire,6ghtn3ng,wrrtado.andother Perifs and hamrQ9 cavered bY standard extettQed careregatnd�L
<br /> �.�~v�...1g�?!�"I in fln amount equaf ta at teast one hundred percenl(tOQo/o)of trto fe{I�epiacamerrt vai�ta thereot an6 insurance agatnst sueh afher t�rds and in 5uc11.
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<br />�_;r��,. ' ameunt�r�.s iu cusfamarity carried by wmera anA operatora af similar praperttes or as Baneftciary may require for its protectian.Trustar witi GnmD�Y� —
<br />;;;�;•,���:�_: _ suchotherrequtrementsas8ene6ci�ymayfromtimetodmorequestiarthepratectionbyinsuranceotth8!nterestsoftneresAectiveparUea.Af)tnsurance •
<br /> `=�'.;;,�: �. policfes mairtta[ned pursuant to this Trust Oeed shall name Trustor and Benefrciary as insure0,as tEeU wspsctive interesb m�yr appeat.artd ptmrlQe ttEffi .
<br />::"�,<_:='�: : ` therehenocanceltatlanorrrtodifrpfionwftfmutatteastl5dayspriawr(ttennotificaflontoTiusteeartd6ensfidarymayiprocuresucrilrtsucanrsSnaa�rE�r.e .
<br />-�`°"r-�:�:���x �rith tfle prmdstons af para�aph 6 hereot Trusmr ahatl detiver to 8enefic�ary the odginal poiieles of insurartce and renewats Nereat w mema
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<br />_:;:�.,,��,�.i.T su�poIIUes and rertewais thereof.Faiiure w fumish such insurartce by TnssMr,or tengwals as required hereunder sha0,at the aption pt 8ertef'�clar j.
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<br />_�_':f T.,-,' .- _ S�TAXES,�S�FSSIfB�IiS AlID CHAKGES�.T�shall pay ai!taxe:e�ssmenis and other chargss,inctuQtn�without lim[tattar�.fieestind impositions,
<br /> -�' ''""��`s'�"� � attributabtetothe P►operty and kasehotd paymenis or ground rents,H arsy,before the same 6ecame OeliaqusrSt Tnlsitor s�l promp8y tumish to hanefictary
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<br /> ` " ' = allaoficesotamou�tsduounderthisparagaaAh.andirttheevemTrustorWrullmakepayme+rtdirectP/,Tre�siarshallpromp4ytumist►toBone4iciaryreoeiWs
<br />=��"=;=;�'`:�-;'��'•� eutdancing such payments.Trustor shaB�y all taxes and assessments whieh may be tevfed tr,ton Benefr�tary's interest herein or upon ihfs Trust deed
<br /> � � � � vdthout regard tn an}r laa tliat may be enacted imposing paymen!oi tAa whota er any part thereot upan ttre Beneficlary. , .
<br />_ =--;..�=�.' 6 Afl�IFlONAl.LIEhS AND PROTECTtOH OF 8E87ERCtARY'S SECUEiffTY.Tn,stor shatl make ail payments of tntereSt and pqncipaf and payrnenis ;
<br /> --���- ,,�•�.;, , of arry other charges.fees and expenses canuacted to be paid to any existing or subsequent IienAoldEr ar�enefiCiatyr,unttet any exist3ng m subsequen! '
<br /> � � mortgag0 or trust deed before the date they are dellnquent or in detault;a:�d�ftomptly pay and discharge arry end all othe�liens,c121ms or Cftarg0s�vyDch
<br /> may jeopardue the securiry granted her�a-it Trustor fa�►s to make any s:�z�payment or faits to perfurm anyl of the r�venartts ec:d a�ee��ts cartaing0
<br /> � in this TruslOeed.or the Nata reteRed ta herein,or in arry priar or su�..��nt trust daed,or H arry aciion o►proce�ng Is commertaed wifi�h matedatty .
<br /> . f r � afteota Heneficiary's inter��:`s Fraperty,inctuding,but nat IimiteQ ta;eminent domain proceedings,pracaedinga inve;s�g a decedanG ooliee olsala .;_
<br /> ,� byTrustee,noticeofdet2rl.°:��T.�ee.mortgagetoreclosi..^�action,oritTrustorfailstopayTrustoPsQeDtsgenerallyasthey�medua.thffir8enefteiary;
<br /> ' �� + �� BtBeneflWary'sopitonandw�-.outnoticetaordemandupottTruswrartdwitt�out�etsasingTn�rframarryabligationhereunder,maymafceSUChappnaranCes:
<br /> � ���`� �' " disGurse sucA sumsand takesuch actie-.�::�necessary ta protect Beneficiay's irrtarest,including,but not limited to,dlsbursement ot reascRaL'IeatLOmey's
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<br /> ,:,;�y,�'.�ff.`• • feas,payment,purehase,cantest ar cc.:.,.�nise of any encumbrance.c'��e m Iten,entry up�n the Prc;�srty to make repairs,or QeGar�n of Qetault
<br /> ' �e�+ • undet this Trust Qeed.tn tne event that Tr.utor shall fail to procure insurance orto pay taxes,assessmentsrar any other charg9s ar to mak9 any payments
<br /> '`•-'�?������� ' to srry existin or Eubseqaent lienhotders or existin or subsequent beneficiades,Beneflc may procure suctf Insurance and make sucb payment,Eut
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<br /> � Shallnotbeobligatedtodoso:AnyamourrtsdisbursedbyEe:�aficiarypursuanttothisParagreph8shatibecomeadditianaltndebtednessotTtustorsecure0i � _
<br /> � � by tfiis Trust Oeed.Such amounts shall ba payable upon notice hom Bene(iciary to Trustor requesting payment thereof,and shatl bear interestfram ttt�3 —
<br /> :,^x,t,.�;�;� date dr dishursement at the rate payabie trom tlme to Ums on outstandirtg pdncipal uader tde Note unless payment of intere5t at such rate wouid he contrary ' •
<br /> toappllcabt9law.invfiichevantsuchamauntsshalibearinterestatthehlghestratepermissibleunderapplicabl8law.NotflingconteineQin�L9Paragrsph _
<br />-,:;-�.�;{°r�;`. � 8 sfiall require Beneficiary to incur any expense or take any action hereunder. . '
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<br /> - �;�.#;;,,,, . . 7.ASSlGNMENYOFP.�7TS.Beneflciaryshalthavetheright,poweran0authorlryduHngthecantinuanceofthisTrustOeedtocoitecttherenta,issue9
<br /> - �.;:s`r�:�••�+:'� and praHts of the Ptoper3 z�d of any personai propeny loeated thereon with or wlthout taking possession of the property aftected hereby,and Trustcr .
<br /> =`�''- �..�._. hereby ebsofufety and unconditionaily assigns all such rents,issues and profits to Beneficiary.Seneflciary,however,her•�,y COnsents to the TrustoP9
<br />"�'"��'�'�' �� collection and retentlon of such rents,isss:�and prof,ts as they aecrua and become payabte so lortg asTrustor ts not,at such time,in Qafayf wilh respec!
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<br /> '����1���r,:r • to paym�3ot any indebtedness secured hrby,or in the pertormance ot a��agreement hereundec Upan s:ysuch defaufl,Berteflciazy.r.,�wat errytlme, _
<br /> .�:;y;;a�,, eilher in��n.by agent,orby a receivar to be appointed by a court,v�ithc�rotice and without regard tothy 3Sequacyof a�ryr securirytor YrtL indebiedness Q:-
<br /> • hereby secNrtb.(a)enter lipon and take possesston ot the Property orany paR th�reol,and in its own neme sue tor or athe�vrisa coliect such rents,issues �.__:
<br /> � �td profits,inCtudingthnse pastdue and unpaid,and appty the same,less costs andexp�.:�s of operation and coltectioa,�-�.^tuding reasanabie attomey's . - .
<br /> ' • fe�.,upan any Indeb:e���secureA hereby,and fn such order as Beneficiary may Qe:�-:ne:(b)pertorm such acts Of:apair or protectian as may 60 �;°
<br />' " � • necessarj cr proper to conserve the va`�n ot the Proparty:tc)lease the s:�e or any part thereoi for such rental,term,and upon such conditions as its •
<br /> . �' .. ' judgmer.:r.,�yOictate,orterm:nataoraC;-s'tthetermsandwnditionsoter,;;:��gleases.UnlessTrustor2:WQeneticlarythereotagreea2herwiseinwritirtg, ,
<br /> eny app;:s��on of rents.issues or profits ta any indebtedness secure0 h�-:�'�p sha�l not extend or postpor.a the due date ot the Instalimeni payment9 ea
<br /> �'��• provided in s3id promisycry note or chartge the amounL G!such installments.The entering upon end taking possesslon of ihe Property,the colleciion
<br /> � � ot such rents,issues ana�:rofits,and the application tha-u�.as aforesaid.shali nos waive or cure any defautt or notice of GF:autt hereunder or Invalida.^�
<br /> :'• � , arry act done pursuant to such notice.Trustor also ass�g^s to Benellciary,as further security for the performance of the JJ•��ations secured hereby.aiJ
<br /> ' prepat0 rents and all monies which may have been or may hereafter be deposited with said Trustor by any'•assee of the Property,to secure the paymeni
<br /> • • � 01 any rentor damages,o►upon de}au't�s the parformance of any of the provis�ons hereot,Trustor agrees�Celiver such rents and depas::4 a Beneflclary.
<br /> � . ,. DOlivery O!vrtitten noUCe of Beneficia,ry s exercise ot the Hght9 grantOA herein,to any tenant Occupyin�:;�,�p�remises shall be SuHitie�^.:b requite said
<br /> __h_�..�: •,a � tenant to pay rent to t�e Benoflciary�r.'�t turther notiCO.
<br /> ='" �:-� " 8.CONtlEMNATION.lf titte to any par!of the Property shall be taken in Condemnatlon proCeeGings,by right of em:-:nt domain or similar actton,cr
<br /> -,i�,:..�. . � shatl be snid under threa4 of condemnaUan,all awards,damages and procee0s are hereSy assigned end shell ba pa�C:s Beneficiary who shall app^�
<br /> � such avrard9,Gamages and proceeds to the sum secured by this Tresz II:ed,with the excess,it eny,paid to Trustor.if Trustor receivJa any notice or
<br /> '� � other iniormation regarding such aaions or proceedings.Trustor shall g:r�prompt w►itten notice there�f to Beneficiary.BeneHciery sh,::!be entltted,at
<br /> '�������:�.� �•� R9 option,to wmmence,appear in an0 prosecufo in its own nama any such action or proceedings and sh�.�entitled to make arry oompror.��or senremenr
<br /> �`�° �� • In connection with any suth action or proceedings.
<br /> � 9.FUTUAE ADVANCE9. Upan request of Trustor,6eneticiary at 8eneficlary's op:-:,�,prior t�reconueyance ot th3?•�perty to Trustor,may ma�cs
<br /> . . tuture advances to Trustor.Such luture advances,wlth�nterest thereon,shall be secured by this Tr�s2 D�ed v,hen evldenced by promissary notes stating
<br /> � �'� ' that sala notes arp secured hereby:provlded that at no time ahall tha secured principat and future a�2^ces,not inctuding sums adva:�Q to protect
<br /> �• the security,exceed two hundred perCent(2C0�,5)of the original prirtcipal amounts secured haieby .
<br /> ,f� ., , 10.RE�dE01E9 NOT EXCLUSI4E.Trustee and Beneflciary,and each of them,shall bo ent�tled to entorce payment and pertarmance of any inden:eEr.e�
<br /> �' . , oi abttgatmns securad hereDy and to exercise a11 r�ghts artd povrers under Inis Trus1�eed or under eny other agreement exacuted in connection heretiv:::�
<br /> ' . � ot any laws no:v o�hereatler in torce,notwithstanding some or a110l the such indehtednes9 and oDfigation9 secured hereby may now or hereaftel be
<br /> • othorvtlse sacured,whether by mortgaqe,trust deed.pledga.lien,asslgnment or othenvtse.Neither the acceptance of this Trust Oaed nor its enloreement
<br /> . vfi0thpr bycourt[tCtion or pursuant to the pov�er ot sate or other pov�ers herein contalned,shall projudice or in any manner affect Trustee'sor Beneticlary's
<br /> � ' ,, rlght to reatize upon or enforce any other secunry now or hereatter hefd by Trustea or Benefic�ary,it being agreed that Trustee an�f Benefleiary,and each
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