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<br />_ . . . . � " , t��«- ����� <. . 5 4 C. •
<br />--�'Y�b� ' . , � •
<br />_�,:r� . of anytli3.�g it.m.a�r do �r oini.t to do I?ereunder. . .
<br /> � g�, .Ass�;mnm�*�� of Rer}�. Be,i.ieficiary aha�.l ha��:•th� lciyhfc: ..
<br /> R�--��'� - po�er aad'aut3soritp duri.ag the conti�uanae cf th�s rie�d o��Trust �o , .
<br /> a�. r;_r�.�:..
<br />-'��. � collect the r�nte, fssues aad profits of the p�operty and cf a�Y
<br />`��;�-�� � p�rsoaal property located thsreoa with or wi�hou� taki�g possession
<br />"�,-b-�=��-� . �f �he propertg:affected herepplr. and TxvEStars hereby absolutely and
<br /> „--- � :.. -
<br /> �.�-;:;� . unconditionally assign �all sucl� r�nts� iesue� anci 'prc3Ei�� �o :: - ---.
<br />-:����--� � geneficiary. Heneficfary, however, hereby cense7�ts to Tsustors' �
<br />�-�t�''=��;;� � coi].ectioa.a�d retention of such rents, iss�es aad profi�s as tlxey
<br /> 1.=-`=�s acerue and becetae payabie. �o long as Trustars are not; at such
<br /> '���� � t3me. in detault_ with� respect to� pay¢aent of aay it�debtedness
<br />-,��.s,=
<br />-�;��:,,° .
<br /> _--_.. � secured hereby, or in the performance of any �gxeement here er. �
<br />==�r�� If any event of deFaul.��dascribed hereaftes in res�ect to tY�is Deed .
<br /> �~���'� � a€ �rust ahall Inave occurred and be continuing, Heneficiasy, as a
<br /> -=-- - matter af sight and�without�notice to Txustors or.aayone claimi.rig.
<br />--`�z�:"=I under Trustors, and withaut regaxd t4 tYxe val.ue of thc� trust estate
<br /> �-�,::.
<br /> - °=: �s or the interest of the Trustors t�h�rein, sha21 have the righ��. to �
<br />'`���`��-� apply to any aourt having �urisdiction to appoint a receiver of the .
<br />_��s.}:- . . .
<br />- _ . property. .
<br /> ,.... _:
<br />���.,��: •�
<br />_:��- �=�.� � _ . 9. -Z'�ansfer of Prox�ertv,.. .If all.,or�_anY ParG of tYte-praperty •�
<br />°_;�. :�..:, `
<br /> ,� - • � or auy interest of Trustor thereiu�is sold, transferred or fur�aer �
<br />,-...Y�...� .
<br />=:Y= • � encumbered without the express ar writt�n cansent of� Beneficia�y,.
<br /> '-���:�� Heaeficiary may. at its sole option, declare ali sums secured��3�y ,
<br /> - thi.s Deed of Trust to be immed3ately due and payable and proceed to
<br />_��.��r. � the remedies available to it un8er the default psovisions coatained
<br /> ": �� thereisi. �
<br />';=''�::�. . • 10. . Bvents of Def.ault. Any of the follocaing ev�.�s shall be�. _
<br /> �;� �� deem�. an e�seat of defauit �ereunder:
<br />,_�: . . . , , .
<br />.,��,_�, ., � ' (a1 Tru�3�ors shall have failed to make gayment of -
<br /> . a�y i.n.s.�a�.iment of interest, princip�l or prinCipal and ,
<br />-`��� � . iatere�t or any other sums secured hereby whe�n due; � _
<br /> ^'��' � (b) There has occurred_ a breach of or default under ��
<br /> ;�,,.,�� ,
<br /> �`�=��� any tezm, covEnaat, agreen2ent, condition, provision, _
<br />_==;:;�-., representation or warranty contained in .this Deed of -_
<br />--� : •��. . • Trust, the note or any other loan instrument secured
<br /> .„ { ---
<br /> :,:;:�.;-�:,:.;�,: hereby: . '—�=-
<br />.. - �.�.�.�. _
<br /> -N_s.i.^..'; . . °- -_
<br /> -;�:;T�~ (c� There has been a�default by the Trustoss i.n the ---_
<br />:`-:r:;':'.;fi{u,+ paymenC v� an�,r prior or subsequent lien or encumbrance in _-^_�-
<br /> :�;���-.j.,�� respect �o ac�.l a� any p�a.st of tk� property; . [�{S;• :-
<br />- •:^�f� �� � - � F'e-'''—
<br /> �,4�: .•�. (d) Trustors sha11 file � voluntary petiti.on in �. -�
<br /> � .� bankrup�cy or shall be ad�udicatec bankrupt or insolveat, ;.�.;_-;:-_
<br /> �. -
<br /> ��: or shali make an assignment for the benefit of creditors _
<br /> � ,� in respect to the property; or an acti.on to en.€arce any ��;�"'
<br /> � lien or encumbra�t��ce or judgments against the p�Qp�°rty is ..
<br /> `��-��;�.: com►nenced. ,
<br /> __,,., .
<br /> ,... �
<br />��;„�;�,�_. il. A�,c�ryberat'an Unon DeEault. I� the event of`any default, • ,� ;,,}i:;,...
<br /> � � -" Benef iciary may�declase alI indebtec3uesa secured hereby to be due `t°��_
<br />,,.�_.�;y,:� and �yable. and th� same shall tl�reupon become due and payable �' .
<br /> _- �ith�;z� any presentr.:ant, demand, protest or notxce of any kind. . _,: , .
<br /> -""� `T ,` � �'n�seafter, IIene�iciary may: ,;;t;�.:
<br /> ,.
<br />_A,�i;�?;.,�• • ,�;"�.r'�'.
<br /> (a) either in person or by agent, with or withou��
<br /> ' � bringfng any action or proceeding, or by receiver .
<br />___,�::.',��.: � appointed by a court and without regard to tbe adequacy - . `- -
<br />. ,;: � of any aecurity, enter upon an8 take possession of the .�, ,..�
<br /> . . proper�y, or any part thereof, in fte own name or im the .:.
<br />'`x`Y� . ; . name of the Trustees,, and do any acts which it deems
<br /> ' � necessary and desirable to preserve the value, . •
<br />-��;;'.'.��. marketability ar rentabilaty of the property, or �part .
<br />��:;�.:a :�:t., � �thereof or interest therein, facrease the income herefrom . ,
<br /> or protect the security hereof and, without taki.ng
<br />. , . . . possession of the property, sue for or othe�nr�ise collect
<br /> . 3 ,, .
<br /> --� , j--=-
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