. . ,. ' � • - -
<br /> , • � � ' . . ' __-.
<br /> *,�� . , , --�-
<br /> �', , � . G . . . - � .. .. ��.. � .. b ' . "�'��.
<br /> _ .�;dp1' � :� �.,-.. � � �• , . . . ,. � - .. -
<br /> -_ .. _ . - ,..,y , � ci � . .. ,� . •�� r�Wk�Mi�y..;. __ . .T.,--
<br />��- _ . . . •r:+'., . �\ ...i�Tk'�p� � . ,i ' .. �� . " .. ' rl, . , •��i�� .4 :..{ .—'"
<br /> KI
<br /> - _ .' ' . . ' . . . .� ' ..r�
<br /> . .. .. � � ' .. .. , ��`1^�;
<br />�
<br /> . - . � ' . � •, .� .. � „ - .. �'�.��
<br /> f) _ 1 - �> .. .. !, ' . . -- ..
<br /> .. . . ' tf�:..
<br /> , '��� �.Q���� , �'
<br /> r�.--�_
<br /> " Condemnatian. Al� auch compensation, awardo, damage�, rfghta of ��
<br /> aation and p�'aco�ds awarded (the "Gondemnation Proceeds") are
<br /> hereby sold, conveyed, transferred, and aosfgned to Bene�iciary ,�
<br /> to the extent oP the outatanding Obliga*ions, and Trustor agreea
<br /> ' to �xeaute such further assignmenta of �fie Co�►der�unation Pxacoed� �
<br /> as Heneficiary or Trustee may reasonably raquirea . - :, "�
<br /> (b) In the event of a Cor.dAZnnation, BenePiaiary shall �• " �
<br /> have the oQtion, in its sole and absoluta diACretion, to apply , . �., y, �
<br /> on Proceeds after deducting thexefrom all r���.,;,;�2�
<br /> all the Condemnati , �
<br /> actua� aoets and expenses (regardlass of the p�rticular natiuxe ':'�:�-�a��
<br /> � thereof and whether incurred with or without suit� , inaluding ° �,;;.„��:;:���;�:��•�=
<br /> . ' attorneys� feas actually incurred by it in connection with auch _---
<br /> Condemnation, to any obligation and in �uch order ae Beneficiaxy �'��``',a�,�=y;,�L
<br /> � may determine, or to apply all such Condemnation Procaeds, after .,,�°--=-
<br /> ' such deduc�fons, to ths restoration of the Trust Eatate u on such '`''""'.`:"""�-��
<br /> P �i,:.�..
<br /> " conditions as Hsneficiary may determine. Suah application or ..,::�µ�
<br /> ..,:- ---''
<br /> xelease shall not axtend or postpone the dtae date of any payment `"''�'!�-=---- _
<br /> ....��W:
<br /> due under any ]C.oan Instrument, or cure or wa ive any Event of p::--___
<br /> � " Default hereunder. If the Condemnation Proceeds are applied to . ���'�
<br /> .,:���
<br /> � the Obligations and exceed �he amount of the Obligations and any
<br /> _____.�_� expenses of Benefiaiary described above, the excess shalY be paid `�� �
<br /> ;'�� .� � � by Heneficiary to Trustor. x��
<br /> , .. .?�,,);:
<br /> '�
<br /> 4. PERFORMANCE BY BENEFICIARY (::ELF HELP . �,.�dl
<br /> (a) If an Event of Default has occurrad and is -
<br /> continuing, or if any action or procee3ing is cominenced which, in ; :
<br /> the sole judgment of Beneficiary or Trubtee, materially and *�s
<br /> adversely affects Beneficiary�g or Tr�steo�s interest in or the ����
<br /> �� •' �'
<br /> ., value of the Trust Esta�e, including, but no1: limited to, eminent �;. . ,
<br /> domain proaeedings, pxoceedinqs invoYving a decedant, a no�ice of ,,"�� �
<br /> ' sale by Trustee, a notiae of default by Trustee, a mnrtgaqe ;:�r �
<br /> forecloaure action, or if Trustor fails to pay his debts �f� ^ �
<br /> � generally as they become due, then Beneficiary or Trustee, a� its �` �—
<br /> � option and without notice to or demand upon Truetor and without , �,j a �-
<br /> releasing Trustor from any Obliqation, may make such appearances, i '
<br /> disburse such aums and ta}ce such action as is necessary in order , �
<br /> to protect Beneficiary�s or �xustee�s intergst in the Txust 1;�;
<br /> Estate, includia�g, but not limited to (a) appQaranae in and ; ��—
<br /> prosecution or defense of any lega� action or proceedin� which � . r
<br /> affects or may affect the Trust Esl�ate; (b) disbursement of ; , } ��1.
<br /> attorneys' fees; (c) payment, purchase, contest or compromise of i �., :�i��
<br /> ' any encumbrance, charge or lien upon the Trust Estate; (d) entry ;��'
<br /> upon the Trust Estate to make repairs or to otherwise restore or ! b''�.
<br /> protect the Trust Estato or any part thereof; or (e) declaration j .
<br /> of an Event of Default under this Trust Deed, �nd sale or � ���
<br /> : foreclosure hereunder. ' ;,
<br /> (b) Any amounts disbursed by Beneficiai-y or Trustee � , ��
<br /> pursuant to thia Section (4) shall become additional Obligation� _
<br /> ., ' of Trustor secured by this Trust Deed. Such amounts shall be
<br /> . payable iminediately upon natice from Beneficiary or Trustee to , �?
<br /> � Trustor requesting payment thereof, and shall beax intereat from , ;
<br /> ,��
<br /> . � ,
<br /> � . �
<br /> � —6— i ,
<br /> : ;
<br /> ' ., I
<br /> �, .. - - -.... _ . . . -- _ . . ... ... . . .-- , •
<br /> „�
<br /> �
<br /> � ' c; . , .
<br /> b ., . ., i
<br /> � . '
<br /> . ,
<br /> • �
<br />
|