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<br /> � �. �. � ,���' �
<br /> �� -
<br /> � profits to �eneficiasgt. Heneficigry,�ho�ever, herebp''1a����s to ` __
<br /> :. `�, • � a;:�� ,:' firustore �collect�on and retentian of such rents, i.ssues and � .•
<br /> " s: 'pra€ite as the� r�ccrue and bec�me pz�Yable, so long a� mntetor i.e . .4 `.���`. ,.s
<br /> � •� ' uot, at snch time, �ia defau].t with respeat to payiuent of aap 3.n- . , . � ; ._,-
<br /> - : ° . debtecdaess se�ured hsr+e�y, or f.n the performaaae of any agreemeat � �r. �� � _g.�=
<br /> ' 4 �": .�Y:� hereuader. I� aay event af default described heresf�er in re- � �. �� � ';`.:�
<br /> � 8peat tm �i�uts Beed of Truat shall have ocaurted and be cmntiau- . �r:
<br /> i.aig, Ssnefic3.ary, am s mattes o€ right and wi.ttaou� aeYaLce to � - .�= - �
<br /> , ` . � Trustor or angone alaimiaq uuder Truator, aad r+aithont regasd to. .�' . �=: �'�`��
<br /> � � � the value of the trust estate oz the 3aaterest of the Trnstar • �� �'
<br /> � �- - t�erein, shaZ1 hane the riqht to apply to any conrt having juris- . . ' . �°�=-»�
<br /> � . `' �� ;: diction to appofnt a =eceiver of the Pro�ert�o � -� � -
<br /> : . . ``: , _ ,. . .. ,.i
<br /> .;o-.::, - . . . q. xaspections. Beaeficisry, or its agente, representa-� � � �.. � ; �-�
<br /> , . ' „ ..
<br /> . � tives �or worI�ea, are authorized to enter at aY►y reasonable tia�� . .;..�,.. ��. . .. . .�,: ��
<br /> � . ` c upAa or in aay part of the Property for the purpose of i.pspectin9 . . ��
<br /> `?�Y:'
<br /> • ��� ' � the eame aud for the purpose of performi.ng any of the act9 it is � _ � �' �
<br /> . • ' ` � � authorizea to perform under the tezms of any loan instrameats ^ . �"`�'"��`-a--
<br /> ti:.�:�� -
<br /> � +: . . executed by Truetor. � • ,b.�'; _ _
<br /> �r� , � _ ,
<br /> � .. 10. Transfer af ProAer�v. Ix a12 or any part og the �� ' = -
<br /> . . �. ,
<br /> . y .. ...' . . . . t t -�a
<br /> . � . .-` ._... _ ps. or_an intezeat of •Trustor therein is sold, �traaeferred '
<br /> � � ---°P�Y---- _.7L. __ � -< <� --:. _,��,._..
<br /> �', .=.-:._.--:_..-:�-�--�.-� - � � � t... -
<br /> -- or further enau�ered�w3thou£�-tbe- --- sess�oi �v�itteri-�cmeeat-of.. _ . . .-. - —...
<br /> exp . . .} • ' '.;,.. ':..�:. .=
<br /> ' ' Heaeffaiary, Beneficiazp map, at its aole option, s3ecla�re all ��_� ���'-�
<br /> .. . : �..,s.. .:;�s� _
<br /> � � . ���� aums secured by tbio Daed of Trnst to be 3.�ed3.ately due and pay- . . , ' �.�=
<br /> ��� • �� able and proceed to the remedies available to it under the de- , . . .. �j�: J
<br /> , .. . .. - '-°�!.
<br /> � - --- - - --- - - fault psovisi.o�as contained herein. . . - ' :-����-
<br /> . . . ;•
<br /> � .� 12. Bven'te of Default. Aay of the followi.ng events sha].1 ' ;:.;�:.,��
<br /> � `�'`�'� � �� ' be deemed an event of default hereunders � . . .�:•.
<br />�._ .. . �...,. ._._ _� `7 , . _.�-'.:,.T�;::I _ '• ..
<br /> ' .. : . (a) Trus�or shall have failed to make .
<br /> � � . •. � payment or aa� iastallmeat of i.nterest, prin- : '"�',�
<br /> . �� .� c3pal or principal and intQrest or aa�p other �.�.;�:�,. ��
<br /> � � sums secozed hereby whea due; �..'i.: �
<br /> - • - - --- • . - -;;:'�':�� .
<br /> � � ; (b) Tbere has ocaurred a breach of or � �"�� '��
<br /> �� .`.�::&
<br /> � default under aay term, covenant, agreement, �. . �
<br /> ' � � coarlition, provisfon, represeatation or war- . � - �� .
<br /> ' '".�� . ranty contained in this Deed of Trust, the �`;-� ;''`=�,;
<br /> ' , . . note or aay other loan instrument sec�ared ���: l;y ` ':.
<br /> . . , . hereby; �� ��.
<br /> ; ; . . ��-.
<br /> ' . - (c) There hae been a default by the E . _ . . � �-=�
<br /> , : Trusta� fn the paymeat of any prior ar subse- . �� - l��
<br /> - � � � quent 3ien or encumbrance in reapect to�all ' '� ��f
<br /> �. . � °j os aay part of tha Property; . ;�. �...' c�
<br />-: .i' . ..(� i � . , ., i`.
<br /> �� � � � � (�i) Trustor ahall file a voluntary pe- � , �
<br /> -� �� � . tftian in baakruptay or ahall be adjudicated �. : .�;.,,:
<br /> _i '. . �< � bankrtapt or inaolvent, or shall make an as- ' � � � ��
<br /> � � � � � ei eat for the benefit of creditors ia re- -
<br /> �� � . s e�at to the Pro ert • or an action to en- � `'���'�`• � , :.
<br /> � � ' force aay lien r encumbrance os judgments � . �,� : � ,
<br /> ' � � � againat the Propesty is commenced. � . .
<br /> . �
<br /> � . � 12. Aacelexatfan Upon Default. Ia the event of any de- f • � � �
<br /> °' .} � �� . ., fault, Psnaficiary may declare all iadebtedness secured hereby to ` •,
<br /> ; � � • be due and paya�le, and thQ eame ahall therenpon become due and .
<br /> � � . : �� payable witchout any preaetttment, clemand, protest or notice of any �'
<br /> kind. Thereafter, Beneficfary may: � . . �
<br /> �. � ,.
<br /> ' �� _ � .' (a) either in persoa or by agent, with ! .
<br /> or without bringinq any action or proceedinq, ' 1 � �
<br /> -° � , � • or by xeceinar appointed by� � court and with- �
<br />--'-�' � ' out regard to the adeqnacy of any security, ; •
<br /> : :_: • :.
<br /> _ �� � � enter upon and'taDte possessioa� o� tho �. � � .
<br /> _ . . Property, or aay part thereof, fn f.ts own ;� . . .
<br />=s� ' � � : name or in the name of the� Truetee, aad do .
<br /> -� " � � any acto whiah it deems neceseary and , �� � �
<br /> � . � �. � deafrable to preserve the value, ; �
<br />' .4� . . � ma�rketability or rentabiYitp o� the Propertyr., � � •
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