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<br /> " $.4(:iI^v�i P^^�::.-:�.'.�J��:��:.:+��'J.TfU�10i ShOI)�Ay Q�I 10HBS,035049ff10t119 pitd 01hCf CIlff70�S,includinp,e�ithau4 lirnitatlon,�in�s cnd im• , `
<br /> po,IPim�s ot4ribu4a5!�to 4i�a E�rnp�r9y,and Icas�S�old payncnts ar prau�id ren4s,H any,bafaro tE�e�sam�F�cco�na dolln�uont,Yrus4or ahall pran�• � �
<br /> tly furnlsh to Beneiiciary all rtoticos of amounts due un�er this{wragroph,and in the event Tr ustor shotl make paYmant directly,l'rustor�holl j w.
<br /> pro�►ptly farnlsh tu 8eneficiory rocelpts evidencinp suth payrrtents. Trustor shall pay ull taxes ond ossessrr�en4a vfilch Rwy bo levi3d upon I '�, �
<br /> Beneficie►y'�Interast tierein or upon�his Deed o}Trust wfthout regarQ to any law th�at may be enatttd Im{wslrp payment of ihe whole or any �
<br /> port theraof upon the Beneficia�y. �°. �
<br /> " . I 6.AA/6tfeMi lfMS�d 1►nt�etla+�1 b�tkl�ry'�Sscwtt�t.Trustor shal!moke all payments of intenst and principal and pnyment�of any � �
<br /> othcT chr.rqps,9cas and oup�ns�s con4ractcd to ba puld to any oxistinp lienholders or prio�be�eficia�ies under any prior det�o}trust ar mor- �.s ,
<br /> tpage before the date they are deli,nquont and prompfly pay ond discharge nny and al)other liens,claims or charUes wfilch nwy�eopardi:e the ; . , 'c �a
<br /> security qranted herein, Ii Trustor fnils to moke ony such�rayment or fails to perfarm ony af the covenants ond agreemenis eontained in this i �'''
<br /> Oeed of Trust,or in any prlor mortgaga or deed ot trust,of if anv oction or proceodinp is commenced which mate►I011y oHetts Benefinnry's in• j ,�,,�
<br /> • terest in the Property,including,but not limited to,eminent dor.�ain proteedings,or proteedinps involving a detendent,or if Trustor fails to pay i _ ,
<br /> . Trusfor's dehts generally os they becoma due, then Benof�:�ory, ot Beneficiary's option ond without notico to or dtmand u{►an Trusttlr and �
<br /> without releosireg Trustor 4rom any obligotian hereunder,may make such oppearonces,disbursn such sums,ond toke suth attion as is necessarY � �'
<br /> to protect 8enefitiory's interest including, but not limited to,di3bursement of reasonable attorney's fees,poyment,purthase,contest or com- •- , "
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<br /> promise of ony encumbrunce, chorge or lien, and ontry upon the Property to make repairs.In the event that Trustor shall fail fo procure i�• . ,
<br /> surance or to poy toxes,assessments, or any other chorges or to make ony poyments to existing prior lien holders or benefieiaries,BenaUicioty
<br /> moy procure such insurance and moko suth paymoet.Any amounts disbursed by Beneficiary pursuant to this ParoQraph 6 shall betoma mdd�sional
<br /> , indsbtednass of Trustor secured by this Oeed of Trust.Such amounts sholl be poyable upon notite from Benefitiary to Trustor requosting pay-
<br /> ment thereof,ond shall bQar interest from the date of disbursement at the rate payable from time to time on outstondinp prineipal under the �
<br /> Nofe unless payment of inleresl of sucli ra9e would be r.antrory ta Qpplitoblo latil,in r:hich avent such amounts shall 6ear interest at the hi�hest "'.
<br /> �� rote permissible under applicable low. Nothint�contained in this Paraproph 6 shall require Benefitiary to incur ony oxPense or foke ony attion i , ';,
<br /> hereunder.
<br /> 7. A�si�n:n�nt of Rent�. Beneticiary sholl hovo the right, power Qad authority during the eontinuanta of this Deed of Yrust to collect the I • ' �� '�
<br /> . . . rents,issues and profits of the PropPrty and of any personal property locofed thereon wit{t or without takinp posscssion of th�prop�rty offcctcd ' . ' '
<br /> hereby,and Trustor hereby absolutely and unconditionally assigns all such rents,issues and profits fo Beneficiary. Bepetitiary,however,heroby ��:�•
<br /> consents to the Trustor's collettion ond retention of such rents, issues and profits as they accrue and betome pnyable so long os Trustor is not, �
<br /> at such time,in default with respect to payment of ony indebtedness secured hereby,or in the perfnrmanco of any agreement hereunder.Upon ,
<br /> any such dofault,Beneficiory moy at nny time,either in person,by agent,or by receivEr to bo appointed by a tourt,without notice and without , ,,i,'�
<br /> regord to the odequacy of any security for the indobtedness hereby secured, ta)enter upon and tnko possession of ihe Property or any part �q �v'
<br /> thereof,and in its own name sue for or othRrwise collect such rents,issues and profits,including those past due and unpaid,and apply the same,
<br /> !s:s teslg���sx�enses of eger��ti�!!an�!'^IIpC�!^^, !!!rlg�lin�rpnsonable nttomeys f9es. unon anv inde6tedness secured hereby, and in such ___��� ____--„
<br /> order os Beneficiory may detormine:(b)perform such acts of repoir or protection as may bo necossary or proper to conserve the value of the � .�^ "
<br /> Property;(c)lease the same or ony part thereof for such rentnl,term,and upon such condifions as its judgment moy dictate or terminate or ad- • �
<br /> just fhe terms ond conditions of any existing lease or leases.Unless Trustor and Benuficiary agreo otherwise in writing,any application af rents,
<br /> issues or profits to any indebtedness setured hereby shall not extend or postpone the due date of tho installment poyments os provided in said
<br /> promissory note or change the amount of such instollments. ?he entering upon und tokin�possession of the Property, thR tolloction of such �
<br /> rents,issuos and profits, and the application thereof as oforesaid, shall not waive or cure any dofoult or notice of default hereunder, or in- s ,
<br /> validate any act done pursuant to such notice.Trustor also assigns to Oeneiiciary, os further security for the performonce of the obligations � �
<br /> secured hereby, oll prepoid rents and all monies which may hove been or muy hereafter be deposited with said Trustor Ey any lessee of the Pro- I , ; � �
<br /> . perty,to sQCUre the poyment of uny rent or damages, nnd upon default in the perfarmoncc of ony of the provisions hereof,Trustor agrees to : ''';
<br /> daNver suth rents and deposits to Beneficiary.Delivery of�vritten no4ice of Beneficiary's exercise of the rights gronted heroin,to any tenant oc- , • ;,
<br /> tupying said premises shall be sufficiont to require said tenont to puy said rent to the Beneficiory until furthor notice. j �
<br /> 8.fonMn�n�tNn. H title to ony part of the Property shafl be taken in condemnation proceedings,by riflht of emi�ent domoin or similar action, j ' � ,�� .....
<br /> or shall be suld undur threat of condomnution,oll awards,damages and proteeds are horeby ossigned ond sholl be paid to Benefitiary who shall , �-� ;�� •
<br /> opply such owords,damages and proteeds to the sum secured by this Deed of Trust,with the extess,if any,poid..to Trustor. If Trustor receives � `;�
<br /> any notice or other information regording such actions or proceedings, Trustor shall give prompt written notice thereof to boneficiory. � �(
<br /> Beneficiary sholl be entitled,at its option,to cammenco,oppear in and prosecute in its own nome any such action or praceedings ond shall be en- j : �� � '�
<br /> titled to make on com romise or settlemunt in connection with an• such action or roceedin s. ��' ` `
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<br /> „ 9. R�n�eN�� Okt Erdutir�. Beneficiary sholl be entitled to enforce payment ond performonce of any indebtedness or obligations secured F� • ;
<br /> hereby ond to exercise all rights ond powers under this Deed of Trust or under any other agreement executad in connection herewith or any lows I �. �1�
<br /> now or hereofter in force,notwithstonding some or oll of the such indebtedness and obligations setured hereby may rtnw or hereafter be other- .� `� �i,��.�
<br /> wise secured,whethcr by mortgog�,deed of trust,ptedge, lien,assignment or otherwise. Neither the occeptance of this Doed of Trust nor its :�, � '+
<br /> enforcement whether by court oction or pursuont to the power of sale or other powers herein contoined, sholl prejudice or in any monner affett ' •
<br /> Beneficia�y's right to reoli:e upon or enforce any other security now or hereofter held by Beneficiory, it being ogreed that Beneficiary shall be µ,��
<br /> entitled to enfo�co this Deed of Trust ond any other seturi4y now or horeafter held by 8eneficiory in such order and manner as it may in its ab• � , ,
<br /> , soluto discretion determine.No reme8y herein conferred upan or reserved to Benefitiary is intended to bo exclusivo of any vther remedy herein 'a
<br /> or by law provided or permitted,but each shall be cumulntive ond shall be in oddition to every other remedy given herevnder or now or hereafter
<br /> axisting at!aw or in equity or by stotute. Every power or remedy provided hereunder this Deed of Trust to Boneficiary or to which it moy be �,
<br /> otherwise entitled,muy bo exercised, concurrontly or independently,from time to time ond os often os may bo deumed oxpedien4 Beneficiory � :
<br /> , and if moy pursue inconsistunt remedies.�lothinp herein shall be tonstrued as prohibitinp Beneficiary lrom seeking o deficiency judgmQnt against �
<br /> the Trustor ta the extent such action is permitted by law.
<br /> . 10. Trwid�r o}►roRe►t�rt Anumption. If all or any part ot the property or any interest therein is sold,transferred or conveyed by Trustor �:I �
<br /> without Beneficiory's prior written consent,oxcluding(a)tho creation of a lien or encum6rance subordirtato to this Deed of Trust, (b)the crea• ' �
<br /> tion of a purthoso money seturity interest for household applionces, (c)a trnnsfer by devise,destent or by oparation of low upon the deoth of o •' ��
<br /> ioint tQnant or (d) the arant of anv Ieosehold interost of three vears or loss �ot containing an option to purchase, Beneficiary may, ot �:i
<br /> T Beneficiory's option, declore all the sums securud by this Deod df Trust to be immediately due and payable,or ca�se tho Trustee to file a notice -- ,��
<br /> , of defuulf.Oen�fitiary shall havo tivaivod suth option to accelerate if,prier to the sale,iransfor or conveyance, Oeneficiory ond the person to ��
<br /> whom the property is to be sold or transferrod reach agreement ir.writing that the credit of such person is satisfattory ta Benofitiary and thot ';i
<br /> • tho intQrest payablo on thv sums secured by this Deed of Trust s�.all be at such rate as Beneficiary shall request. i
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