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<br /> � �'Y .<,4-;� 'k., .` , - � • �' , . . � f'�n' �'��G, .ia�:i �-_��v.n __
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<br /> �` ,` e � TtitStOS S�1GU QCy G�I taXlS.GSS�SSftist[♦S Ctld Otlf�'�9e�7�,'Ili�t?1�r VIPt11i'�!t�I�iltt'GlIOTI.�7t9S Qild�iR- . � � -
<br /> ` ;� °��...��� � positionsattn'b��O�Y.m�tecsahot4QaymsntsorQ�o�d�e�ts.ifany.befo�ath�smnebecan�e�cltn�n4.Tntstasl�allp�A- : ��.4..� _
<br /> ; i �° . ° tty t��mishto Berteflst�y aft nottce3 of am�nts due unQer this paa��l►�c�t ia t►1s a�-ent Tnistar starll iadce paytr�4 d'uactly.Ttustoe st�il �`�s,.=` — .
<br /> � �„''``� ' prc�ttY fur�h to Benef�ciory ret�tpts evid�rxie�sueh payments.T�us4dt st�cfl paY aU tm�fa and oss�ssnqtn9s wfitch�►be(evied upan -;<<.�{���'-�"�
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<br /> ,. � •° ` g�nefltiary•s iMerest herein or upan th'ss Qeed af Trust.withcut�d to mry Iaw tt�t rt�j b�enxhd irtgosi�g paymerR of tt�e wltat�ae arty .,o_.�,��-;i«�,%��__
<br /> , �. �. p�t tAareaf upon ttta 8erie�iciary. ` ��"� ''�' �
<br /> '�_ ., . . b.�f�!tdaa aot RM�ctt��f�ftcis�'t�h.Trust�sl�a!l mdro ai)Qaymetsts of int�st and printipc}�nd paysne�s oi arry �, . .
<br /> : , ,. ` �•�° ott�er etbrg�s,f�s a�e�gense+contr@cted to be pnid to mry existing litr�hel�ar�xriar be�sefictartes ur�der cmy priar dted ai trust cr mQr- � n SK';:
<br /> SA
<br /> t�aga 6etore the dcte tha�t are de1'm�uent ar�Pmr�iV OaY and dissh�ge anY m�d aQ ather liens,c[aims ar d�ns wAtch as�11 f�D��e� �` �= -
<br /> �::' S�ur;qy g�t�d l�e.tE Trostas fasSs to�ce nay ss�ch pay�r►ent a�m'ts to pa�farm atq►of ths tovar�ts and agreemenis tas�tafined in this �r _ ._ _
<br /> ` '' � . Reed af Trust,ar in m�y�iar mortggge ar deed of trust,of if aay�ttian or prateedEtg is comme�ed which ma4eri01Iy affeets Benefidary's in- �- , _
<br /> • ` ,or eQs terro o deandant,oc i'f Tntstar faiSs to pay ` � ��
<br />-_ � terest in the Prapertf►.�du�g.Dut rn�t GmiteA to,emineril dcmain Qraceadings Drou .'�BS �9 � __r -��_.:.�;.��
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<br /> ,' •.. Trustor's debts generally as they becams due,tt�en 6enefiaary.ot&�a�y's option and w�thaut aotite ro w Qem�td uPen Truster mtd . .;�,�;�;�.
<br /> . .. � �rrthcut reieasirag Trustar fram arty obGgation hereunder.rtay mdce such�e�antes.ctss6use s�h sums.�take such artiar+os is nec�ss�r � X
<br /> � . . ' . t o�o 4 e c t�e e e f i c i c ry's m t e r a s t insludi n g.�but not limited to,d'�s6w�semeai of�eesan�taattameY's f�es.PaYmer�t.P�d�e•cantestor carn- ��____ _
<br /> " � ` � ' . pranise of anY enamhrorne.d►�ge or lien,and entry uAon ttie Rraperty to malce repairs.fnllte eveM t h e t Trostar s h�l fui l to pr o e u r e i n- _-'___-_-_--
<br /> .� �� .' , . surante or to pay tmces,assessments,or m�y other cfwnges or to madce mry payment3 to edstin�Qrior lien hol�rs ar benefitiaries.Benefieiar� �"'`�
<br /> � .. • , � mQY 0�+�wch insu�ance artd make such payrrteM.My amourits dasEursed by�6eneficinril P�urertt to this Paragrayh 6 shal!became ad�itional �-•�--
<br /> �� . indebtedness of Trustar sewred by this Oeed of Trust.Such amourits shaft 6e payab�upon aotice fcom 6er�cicay to Trustor ra�ue3ting pay- _.-_
<br />'1. .; , . ' • ' meM thereof,and sholl Qecr interest from Me date of dis6�rrsemt.nt at the rate payabts fram turte to fune on outstandfng prindpal und�r the - -- _
<br /> ' � Note unless poyment of irterest at such rote wout�6e corEtrary b applicablo faw,in which ev�nt ssxh mnou�rts s1�a11 baar irrttrest at thafifi9hest �
<br /> • � �� , rute permissible under QppCtable law.Kothing contained in this Pa►agrapfi 6 shafl require�enef+dary to inwr anY e�se ar tadce mry actian
<br /> -' � :. hereunder. ---
<br /> _ .. ` •,' r: .�' ' 7.Ass�e�eat of RNAs.@eneficiary sholl have the righ�..Po-Aer and authmity during the coMiauance of this Qeed of Tro9t to colleet ftte -----
<br /> ,-----�-'---�'-�-� re�its,is5ires mtd profits of tha Property aicd of mry personal property lacated�thereon with or vrishouttaking passassifln of the prape!t�►aHected
<br /> � � '. . � herebq,and Trustor hereby absolutely and unwnditiortally ossigns all such reMS,issues an8 profits to Benefictmy.Benefitiarl►.hawever,hereby _--
<br /> ` � tonsents to the Trustar's cc;t¢�cticn and retention of suth►ertts;issues and profifs as theY pc�ue and b8tome WY���(�9°s Trusta is not, -
<br /> � . ot snsh time,in defwtt with o�.,p,ees to poymertt of mry indebtedrte.ss secured he�eby,er in the pe�tartnansa of arry agre�mert►h�reunder•UDun __.
<br /> . � any such defauit.Bensficiary may at any time,eiMer in person,Dy agent,or by receiver to ae appointed tiy o cp�t.without�atcte�d wittiaut --�
<br /> ' ' � . • �eger,d to tfie edequary of m�y security for the inde6tednes;6ereby secured, �o)enter upan ond t�ce passession of tht Property or�i D� ���°
<br /> ' ' • � ' �� tAereof,and'm its own mm�e�e for or otherwise coltact such rents,issues and profits,inciuding those post due and tx�nid.�td apOtlt��•
<br /> � ' � � lass costs art0 expenses of operotion and ceitection,inctud'mg reasonable attameys fees,upon any indestedness seeund herahy.and in suth -
<br />: -- ' ,"�-.'� � - order as Beneficiary may detertnirte;(b)perform such acts a�repair or protection as moy 6e necessarlt ar proper to constnre the vatue of the
<br /> . . . Froperrys(cl lease the same or m�y part thereof for'ss:�n�~'a1,term,un�upon such canditians as its judgment moy d'Ktute oe terminate or ad- �_�_
<br /> �. , .: ' lust the terms artd wrtditions of arry existing i�c G3-�.C3+less Tn...�t�a1d Beneficiary agree otherR%we in writirg.aay apptication ot rortis,
<br /> • issues or profits to any indebtedneu secured��,...'���i cct extertd or pastpone the due date ot the installment paymerits as pravided in said �r.=�
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<br /> , . � promissary note or ch�Be the amount of such irtstaifm�ts.The e�ering upon and takir�g possessian af Me PrapertY;the callettion of s�sd�, _
<br /> • - - -- rems,isaues and profits,and the application thereaf as aforesad,shall not waive or cure any default ar rtaticg of default herew�der,or in- ..' , ___
<br /> � � ' ' validate eny act dane pursuant tp such notice.Trustor atso assigns to Beneficiary,us turther security for the perforrtwnce of the obligotians' � �',�.
<br /> • � � � secured hereby,all prepaid rents and all momes wfiich may have been or may hereafter be deposited with said Trustor Dy mry tessee of the Pra- ..-•
<br /> e ,to secure the payrtrent of any reM ar damages,and upan default in the performance of mry of the provistans hereaf,Ynista ogrees to : : ' y�
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<br /> _ � detiver suth rents and deposits to Beneficiary.Delivery of a7itten�otice of Berreficmry's exercise of the rights(�anted herein,ro any rena+t a- __ _
<br /> • cupying said premises sholl be suffitiertt to require said tc.^^�rt to pay said rerM to the Benefitiary�mtil further notice. �— �<
<br /> g.Cw�stioe,lf title to orry pa►►of the Properfy shdl be taken in condemnatio�praceedings,by right of emu�ertt damain or snnilar action. ���'
<br /> °�, .. ' � . " er sAa{!be sof�under threat of cortdemnatiu�:ct!aw�ds,damages c��ceeds are hereby a��ed��shnll be pafid to 8eneficiay wlw shell � —
<br /> oDD�Y s�awaMs,dmm�ges and proceeQs tet;�e sum secvred by this Oee�of Trust,withthe ezc�ss.+��yr,paidto trustor.l9 Trusta�reteives ,� _
<br />_' ..�, : �� �� �g notice or other infurmation reg�ding such actiors rr proceedings. Trustor sha31 i�:se grorsyl.written notiee thereaf to beneficiay.. K:=
<br /> �„ ;. R��iciary sha116e eMitted,at its option,to commertce,a�ear in and prose�ute in its own nome any such actlon or prctee�ings m�d shal{be en- �,
<br /> �:E+•��;: • • � � � r.�:�:tn moke arry compromise or settlerr.e..'t'c,z connettion with any suth action or praceedings.
<br /> ''"' �' � • 9. R�melin Not Fssla:iv�.eeneficiac����t�eMit�ed to enfarce payment ond performnnce ef ar��r indebtedness ar obligations secured �?:'�� _
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<br /> �?.�,_.„ � , � h�reby and to exercise all rights and powers�tiv's Deed af trust or under ony other agreemertt e�.tad in cannec4ion httewith ar any lows �,:�,�„�;;_-
<br /> ��..� � � ' . � r.uw ar hereaft�r in farce,r,�t�ithstonding some or�1 af tit,$such indebtedner�s and o6ligations secured�ereby may r�sw or hereufter be other- �.�'•`?:': .
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<br /> ` wise secured,vdhether by mortgage,deed of trust,�t�+.r�,lien,assignment or o t herwise.Nei t her t h e a�c e�t o n t e a f t t�i s Q e e d a f T r u s t n or its ?"�•�. __
<br /> � � � er�forcement whetfier b y caurt actian or pursuant to the gcwer of safe or other powers herein conta�,sfio!!pre�udice ar in any monner affect ., ` �-
<br /> � � � Beneficiary's right to realise upon ar enforce a�y other securiry now or hereafter hetd by Benefiriary,�r�$irtg o�e e d t h a t&ne f itiary s h a 1 9 b e .. __
<br /> ' � �� entit{ed to enforce this Deed of Trust ond a�:y other securiry now a hereafter hefd bg'Beneficiury in such order artd rrmnrter as it may in its ab- , ::•��
<br /> � � sofute diseretion determine.No remedy herein.conferred c;,ort ar reserved to Beneficiary ts intended to be exclusive of ar►y ather remedy herein �� . . _ � _
<br />=�' . ' � � or by law provided or permitted,6ut each shall be cumutativ�a and shull be in addition to every other remedy grven hereunQer ar now or hereafter . . • • ��:�
<br /> ' . �� ' � existing at taw or in equitlr or by statute.Every power or remedy pravided hereunder this Oeed of Trust ro Benei'ic�y or t�which it maY be . -
<br /> -,� i otherwise entitled,may ba exerclsed,carsuRently ar independently,from time to time and as often as moy be deemed expedient Ben�eiary
<br /> ' �.�� � ond i!may pursue inconsistm�t r�n���s.i�thing herein sholl be censtrued os profiibiting Beneficiary from seeking o deficiency iud�scnt ogainst � _
<br /> t : =� �� � the Trustor to the e�tent suct�actian is permitted by law. • i�
<br /> �. � � 10. Tnestu of PraNrt►;Atsw�tion•�f otl or any part of.the property or any interest therein is sold,f►ansfened cr cc:�r�yed by Trusfor � '. ;y
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<br /> T.-� � .` . '. _ without Beneficiary's priar written consent,excluding(a)the creotion of o lien or encumbrence subardinute tq this Oeed ot Truss, ib)the ereo- �
<br /> � •� tion of o purthase money security iMerest for householA appliontes,(c1 a transfer by devise,destent or by operntion of Iaw upon the death of o .
<br /> -�' � joint tenant or (d)the grant of any leasefiold irnerest of three ye�s or less not containirtg art option to purchese, Beneficiary may, at '
<br />-_ Beneficiacy's aption,dectare n8 the sums secured by this Qeed of Trust to 6e immediatety due ond poyable,ar cause the Trustee ta fi(e a notice .
<br /> " � � � of Qefw(t.Beneflciary sholl have waived sueh opflon to acceterote if,prior to the sate,tmnsfer or corneyanee,Beneficinry and the persan to .
<br /> � . v�lhcm the proparry isto be sold or�transfened reach o�eement in writing thm the credit of sa=h person is satisfactory to Beneficiory ena thot
<br /> • ' '. . tho i�erest payabte on the sums secured by this Ueed of Trust shaU be ot suth rate as Benefidary sholl request. � �•
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