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<br />-- - � ,. - — there be any proceeds remaining, distriberte them ta �e person or persons tegatiy '� =-� - - .
<br /> - entitted thereto. L. .
<br />_ . ... . � .
<br /> -. ` 13. �ubstitutfon of TRUSTEE: �'tat BENEFICIARY may, from time to time� � . . .
<br />- �, � � . � �>� by instrumer�t in writing,sutastitute a successor or successors to any TRUSTEE named � .�
<br /> � .: � �' � herein or aatireg hereunder, which irtstrument, executed and ackrtowtedged by ; �
<br /> _ ` � , BENEFICIARY and recorded in the office of the register of dE�ds of the county or � � :
<br /> '.� � �- counties where SUCH PR�PERTY is situated, shall be conclusive �cc�af of proper � ,�
<br /> - , , , substitu4ion of such su�sor TRUSTEE or TRUSTEES, who s�alf, without �,, ���
<br /> - , . cflnveyances f r om t he'P I t U S T E E pr e d e c e s s o r. s u c c e e d t o a ll i t s ti t t e, e s t a t e, r�g h t s, ; . ���-�:
<br />_ � - ' power and duties. ; . :
<br /> , . . ; . ,
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<br />". �" : � � . � � ' 14. Na Waiver by BENEFiC1ARY: No waiver by BENEFICIARY of any right #,`, �• � �,��
<br /> , �� �� . � urtder this Deed of Trust shall be effective unless in writing. Waiver by BENEFICIARY � �. t. - �1�;
<br />_ . � � � of any r�ght granted to BENEFICIARY under this Deed of T�asst or of any provision of � . ,
<br /> ::,;,:, : .: :-�-<-��-.
<br /> ' � � � . ' this Deed o�Trust as fo any transaction or occurrences shail c��� be deemed a waNer �. . _ ±���.
<br /> � � � � '� as to any future hans�ction or occ�rrences. By accepting payment of any sum secured �����'�: : .��.:
<br /> _ .' � hereby after its due date, or by making any payment or pe�Farming an�act on behaff �,�� � ���a;
<br />- � • � of MAKER or TRUSTOR �that MAKER or TRUSTOR was a�figated l�creunder, but �`.�.�
<br /> � � �' � , fai[ed, to mak� or perfamn, or by adding any payment so ma�� by B�VEFiCiARY to . � � � � � -
<br /> � � the indebtedness secured hereby. BENEFICIARY does not �aive ds �ight to require �`= ,
<br /> • yr-� , prompt payment when due of all other sums so secured or to requ�re prompt , -��F�=-..� : : �
<br /> - � •perfiormance of all other acts required hereunder or to declare a defauJt for failure so � ��s������: -
<br />_ � . to pay. � -�_ :
<br /> �
<br /> `� �� � �� 15. j6[aiver of Statute cf Li itations: Time is of the essence in all � �, �' ' `
<br /> z;
<br />` �. MAKER'S and TRUSTOR'S obligations hereurtder and to the exten# permitted hy(aw� `. :3.�•.
<br />' ' TRUSTOR waives ali present or future statutes of timitations with respect to any debi, - �' ,
<br /> --=-- � -� - . , demand or obiigation secured here6y in,any action or proceedi�g for the purpose of -- �' ��� °,
<br /> . ; �. enforcing this Trust or any rights or remedies hereunder. f�r�{ . :
<br /> �.
<br /> , � , � 96. !!1s_�ection and�usine�Records: BENEFICIARY at any time durirtg ' �� y��
<br /> • , � . t he contra�uation of this Trust ma y enter and ins pect SUCH PROPERTY at an y ' �:�,`'� ��:�,_
<br />- ' . reasona�t� time. TRUSTOR agrees that in the event SUCH PROPERTY is now or �`"3�'�",�
<br /> . hereafter used for commercial ar residentiai income purposes, when required by '�� ' � �
<br /> y '� __
<br /> . °, BENfFIC1ARY. Tt��JSTOR will promptty deliver to BENEFICIARIP such certifisd �� ; ";�'�
<br />=t� :� f i n a n c i a l s t a t e m e n t s a n d r o fi t a n d t o s s s t a t e m e n t s o f s u c h t y�e s and at such intetvals °� —
<br /> . _ . p �-��-.•�.-•-- .
<br />�;,� � � as ma�l be required by BEMEFIClARY which will be in form and content prepared' . : ;��:��:,���-
<br />=� �" ' accord�ng to the usual artd acceptabte accounting.principtes and pra�tices which ��--
<br />-- � statemen4 shall cover the financ�ai operations relat�ng to SUCH PROPERTY and �:-
<br />-°- . TRUSTOR further agrees when requested by BENEFICIARY ta promptly delIver in _ �
<br />�� , , •�� ..�W.--_-_
<br /> - . � writing such furthe�additional infQrmation as required by BENEFiC1ARY relatirtg to ..,r:_ .�,
<br />=-�'� � any such financial statements. .-��:'`� -
<br />�;�:.; � , : -__
<br /> r:: � • 1T. �c.�gferation C�ause• Should TRUS�OR, or any successor in interest � � � , �� :�,�`-�
<br /> `,. .
<br /> � . � of TRUSTOR, vatuntarily or involuntarity seil, exchartge, convey, transfer, cacrt�ct : . `?" " _�=
<br />� � � � � '� to seli� Qease with a�+non to purchase, su6lease� dispose of, �hange the charad�c or ':=
<br />�' � .,� use of, or fuRher encumber SUCH PROPERTY, or any part thereof, or any interest � .. . �
<br />- � . therein, or if any of said parties shali be divested of titie to such real gr�perty ar any � . .: ��;-
<br />�, �� � �' � part thereof or any,interest there'in either voluntari(y or involuntarily�or i�ttte to SUCH . . �"_
<br /> _ • '� � : PROPERTY be su6Ject to any lien or charge voluntarit or involuntarily,contractual or . . '
<br /> . : � . statutory, without the wntten consent of BENE�ICIARY being first had and � .� � . '
<br />-- �- � obtairted, then BENEFICIARY shall have the right,at its option,to declare a�l sums � . �,�-
<br /> � � .� . ' secured he�eby forthwith due and payable; and #it�s same right of acceteration shall � � -���
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