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<br /> 4. INSUf�ANCE Ttustor,et� ense,w0t ma'vitain w�it insurers Bertoft ' � ��:
<br />- ;.�- ,. : ". . mcP mB ePprovesf t+Y Qaty.insurasee with respoet to Nv � ,y '. �.-
<br /> , .. _ � � fmprovemsnb and persortatgroperiy.constihiCng the PropeRy.ageinst tcss by fire.GgMning.tamado.and other pen[s end hazards �. . •.:..� .
<br /> , . . . mveracf by amndard extended coverago endorsemenL in an emourd equaf tn et teast one handred percerd of the fup reptacemorK • : s1r
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<br /> 'x� � � � • . � vafue thereot and insurance against such other hazards and in sucfi amaurns es's customsnly carried by owners and aperatora ot • � � � a 4��
<br />- •T. � - � simifar proparties or as Benefifiary�may requiretor ds pra[ecRon.Trustor vnit compiy wwith such ather requirements[es Banefic� ma " • ,�•1�' ,,
<br /> " � � ' '` ` hom bme to tima requen for the proteetion by msurance of the iMerests of the r�e���ti@��.�1w����'���� ` • x ` �
<br /> � _ , pu�suarrt 4a this OeAd otTrust shall name Trustor end Bertefiedary as insureds,as their respective�nmrasts ms�appear,end pro�Qo ` ����
<br />�T, _ , � • that there shaU 6e ro eaneeliation or modi�i�tton w�lhout na�ess then 15 days prior vmlten noUficaho�to Truatee end BaneftGnry.In � °` ' `,�:.�,�'b
<br /> � the everrt e�ny poGry hereunder is not renewed o�or before 15 days prior�n ds expirahon date.Trustee or 8anefiefary may proeuro r,���
<br />_ �. . • � N sueh insurance i�t accordancs vi6th the pmvisfans of paragrapE�0.6 hereo�'�rusto►shaA deGvar to 8ertefiGary the ottflir.al poliCias of • • � ,�•
<br /> ._ • ` �, . insumnce and reneviats thereof or memo eopies of sueh poGaes ar�d renewals thereof.Fsilure to tumish such insurartce by Trustor. '�s`,
<br /> - , , s or renevrafs as required hereundsr stta�,ffi the option of Benehaary,eons6hrte a defautt • ' .-
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<br /> `--- "----� - - - 5. TA�S.ASSESSMENTS AND Ct1ARfiES.Trustor shall pay aIi taxes,assessmenLa and other cherges,in�lud�ng.wiihout �-� — - ..
<br /> ' . ' . . � fim�tion, fines and impos�ans attnbuta6(e to the Property, and teasehold paymenTS or graund rents, il�ny, 6sfoto tha same "
<br /> ' . , 6ecom�defmquerrt.'fnrstor sfiaD pmmptly tumish M Bensfreiary ell notieBS of amounts due undet ihis patagrnph,and in the ovent . . � `" '�,'�'
<br />� • , . . • . Trustor sha0 make payment dire�(y,Tntstot shaD promptiy tumish W Benefiaary receipta evidencmg such paymentc.Trustor ahelf � --. � `.
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<br /> � , pay all tmces and assessments whieh may 6e leviad upon 8enefiaary/s interest herein or uport this Oeed of Trust witAout egard�o . . , -�° - , $r
<br /> , � arry'faw that may ba enaeted imposing payment of the whole or arry part thereof upon the Benefieiary. �}�y�1,�;'�;� i?� .
<br /> • . , • 6. .ADOITfONAL LIENS AND AROTECTIOy OF BENEFlCIARY'S SECURI7Y.T�ustor shall matce aU paymertb of miecast end � � �
<br /> . � ' prinapaf and paymants ot arry offier charges, fees and expenses cantraeced to be paid to any existing lien fiotdera or prior , � . ,� -�" }
<br /> '. � .t," : beneficiaries under any prior deed of trust ar mortgAge belbre the date they are delinquerrt and promptly pay ertd discharge any and � • .�
<br />__ �.�. . eR other GenS claims or charges which may jeopard'¢e the security grented herein.lt Trustnr faits to make anyr such paymerstor fai'a ' ' � �
<br />- . �". . to perfortn any of the covenan*.s and agreements cantav�ed'u►ffi's Oeed of Trus�or in an rfor ma a e or deed of trusL or i!an , '��` "
<br /> Y P �3 S Y � .,_.,r _
<br /> • . ection or proceed'mg is commen�d which materiatly affeds Benefidarys tnterest in the Properly, IncluEing,but nat limi�ed to,
<br />-- • ` . , ertlinent domain proceedings,or praceedings inwlving a decedent oc iF Trusior fa�s tcpay TrustoYs debffi generalty es they 6eonme
<br /> ' � due,then Benefieiary,at Benefieiaryfs optian enB vrdhout rtatiCe W or demand upon Trusiot and wlhout reWasing Yrusitor from any .;.;:'�..�4•
<br /> � ' -r= obGgation hereunder, may make sueh appearanees, disburse sucb sums end talca such ection as is neoas§nryr to pratect . •
<br /> Benefialary's irrterest, induding, but not Ifmfiad to,disbursemeM of reasonable m2ome�a fees, paymer�pnrehdse, eonteat ar _
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<br /> __ .... . . . .__. . . �omR�tni�e.Qt a�y.an�mbrance,.charQa or.ten,end s�y.upon 1hePmperiy.ta make repaUa In�he�event ihat Trustor ehall fail to -- ----�- . -:��;�; '��
<br /> . .... mcure insurance or to •� , '` . '�'°
<br /> � p pay taxes,assessmenLa,or any other charges or to make any payments to eny existing prtor Ilen holdors or - :.,,_._---
<br />_ "� beneficiaries,Benefiaary may pracure such insuranco end make auch payment,Rny emounis disbursed by Bsaeficinry pursuant to �°_'='_'yy �
<br /> . � ��, , this Paragraph A.6 shall became addfiona!indebtedness of Trustor seaured by thls Deed oiTrust Sueh amounb shall be paya6le L�' �-
<br /> . ' upon notice trom Beneficlary to Trustar requesting payment thereot end shall 6ear interest from the date of disbursement at the ' ''�-'�"—
<br /> ' • , • rate payabte trom time to time on outstand'mp prineipat under the Note unless paymerrt of interest at sucfi tate woutd be eant►ary to �"`��
<br /> . ' appGcabie lavv, in which event such amounta shall bear mterest at the highest rate pe�nissibte under applieabte law. Nothtng `
<br /> � corttained"m ffiis Paragraph A.8 shall requtre Beneficiary to incur any expense or teke eny adion hereurtder. ;�r' ., °�e
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<br /> • � � 8. IT IS MUTUALLY AGHEEd THAT: . � +� . •
<br /> � • , '. . ' 1. ASSIGNMENTOF RENTS.Benefiaary shall have the rigfit,power end authorny during the continutsnco 01 tAis Oaed otTruat
<br /> : � to wllect the rents,issues and profAs of tha Property snd of any personal properry located theroon with or wnhouttaitlng possession ' � .. �
<br /> � ot the property afTected hereby,and Trustor hereby e6solutely and uncond'Rionalty sssigns all such rents,issues and profite to �
<br />- Beneflciary.Beneficiary,Aa�ever,hereby consents to the Ttustor's collection and retention of sueh rente,issues and profrta ns they "`
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<br /> , � acaua and besome payabte so tong as Tn�stor Is no4 at sueh time,in defauR vtith rt3speet to paymant of any indobtodrtess aeeured 1:,,
<br /> : heraby,or in tha perfortnance of any agreement hereunder.Upon any such defauR,Beneficiary mayat any Gme,either In person,by � ''.�
<br /> , - � ' . � . � agent,or by a receiver to be appointed by a court, wAhout no6ce nnd without regard to the adequaey of any seeurity tor the •' � �`�j�
<br /> . • indebtedness hereby seeured,(a)enter upon and take possession of ffie PropeRy or any patt theteot,and!n rts own name eue foror , �� �:
<br /> . otherwise eolleet such rents,issues and profits,including those past duo and unpeid,and appty the same,(esa eosts end axpenaes o. •
<br /> of operation und collection,mcfuding reasonable attomeys fees,upon any irtdebtedness secured hereby,and�n sucfi orde►a3 �
<br />� � Beneficlary may determine;(b)perforin sueh acts ot repair ot protection as may be rtecessary or proper to wnsenro tho vatue of the �,� �;�� •
<br /> - ' Property, (c)lease the same or any paR thereot tor sucfi rental,terrtr, and upon such conddions as its Judgment may dtctate or ::_:�� - -
<br /> � terminate,or adjust the terms and conditions of existing laases.Untess Trustor and Benefieisry thereo}agree otherwise m writing, �; �•��
<br /> � � any application of renta issues or profits to any indebtedness secured hereby ehall not extend or postpone the due date o}the �����,c;,��-"-
<br /> • . , installment payments as provided in said promissory note or ehange the amaunt of sueh instalhnerrts.The entering upon an0 �'�r:r=���--
<br /> ' takingpossession o1 the Properly,the�(:eetion of sueh ronts,issuoa and profits,and the applic�tion thereof as aforestttd.shtill not - �-=-
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<br />- , • , . waive or cuw any default or notice af detaul!hereunder or invalidate eny act done pursuant to such notiee.Trustor atso a�31gr1310 - �f'
<br /> � • . Benefiatary,es turther securiry tor the pedortnance of the obUgations secured hereby,atl prepald renb and a0 monie3 whtch may ' �
<br /> - ." � � hmre been or mAy hereafter be deposited with eald Truscor by eny tessee of the Property,to aeare the pnyment of arty rent or � • • � • ,
<br /> • • ,� damages.or upon defauh in the performance of any of the provisions hereof,Trustor egrees to deliver such rents artd doposd,to ,, . - ��{-.�?
<br /> • Beneficiary. Derrvery ot wriKen notice of Benefiaary's exercise ot the rights granted herein,to cury tenant occupymg said promisos +k.� •
<br /> shNl6e suffiGOnt ta reqwre said tenant to pay rent to the Beneficiary until further notice. -- � • *`1"
<br /> ` ,:: . . . . ' J�.�,
<br /> " 2. COiVOEMNATION.If titlo to any part ot the Property shatl be taken in wndemnation proeeedmg3,by right of eminent dom�ln '�
<br /> I � ,.
<br /> ,. • _ or similar action,ocshall be sold under threat oicondemnation,all awards,damages and proceeds are hereby assigned and shal!ba ' .� �•
<br /> � � � ,paid t0 Beneficiury who shall appty sueh awarda,damages and proceeds to the sum secured by this Oeod o}Trusf,wrth the excose. • � }
<br /> � ; . . , � A any,paid to Trusto►.If Trustor reeeives any notice or othet Information regardmg such actions or proeeedings,Ttustor shull give �' `�j��
<br /> . prompt vmtten notice thereof to Benefrciary.Beneflaary shall be etrtdtad,at its op5on,to eommenec�,nppear in and prosecute io rta
<br /> , . � awn nume any auch action or proceedings and shall 6e enLTted to make cny wmpromise or settlement in connacnon with any such ' • �••f :
<br /> � '� . acUonorproceedings. ' •,;�t
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<br />_ . 3. FUTUHE ADVANCE3.Upon request of Trustor,Benefieiary est Beneficlary's optlon,pdor to reeonveyanco of the Proporty to � •.
<br /> � Trustor,mzry mnke future advancea to TNSbr.Such tuture advances, with interest thereon,shall 6e secured by thls Trust Oead I • �� �
<br /> . when evider.xd by promissary notes statmg thut st�id notes ere secured hereby;provlded that at no Nne shall thv secured pnneipat. �
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<br /> - future advaneea.not�neludmg sums advanced to protect the seeuriry,exceed Two Hundred percent(200%)of the original prmcipnl . ,` �•�
<br /> amounts secured hareby. , ( .. � ,
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<br />_ . , 4. REMEOIES NOT EXCLUSIVE. Trustee and Benefiefary.rsnd each of them, sha11 be onUt(ed to entarce payment and ; ...
<br /> . petfotmanee oi any indebtedness or abhgations secured hereby and to exercise all�ights and powers under this Deed of Trust or � '. j�
<br /> ' under ttny othar egrnement executed in conneetion herewrth or any faws now or hereafter m torce.nofwkhstanding some or olI o!tho � �
<br /> � ti such mdebtedness nnd obligations securod hereby may now or hareafter 6e otherwise securod,whsther by moRgnge.doed of trusL � �,�
<br /> pledge,hen;nssignment or otherwise.NeAher th�acceptunco tf this Deed oi Trust nor ds entarcemerft whothor by eou►t aetion or � • �:��
<br /> �. pursuant to the power of sate or othor powera hernin contalned,shall prejudiee or in any manner aNect Trustee's or Benefiefary'o �
<br /> dght to realize upon or entores fsny other seeuriry now or heroufter held by T�ustee or 8enefleiary,it boing agreed that Trunee and
<br /> � ', � : .. _ • Benotlelary, and each ot th¢m, shall ba entrtled to enfarce thi9 Oeed o}Trust and any other securiry now or hereafter held by � �
<br /> . ; , Beneflciary or Trusta0 in sueh order and t�unnei as they or either of them may tn thei�absofuts discreUOn determine.No remedy • �+
<br /> . . �, herein conterted upon or ressnred to Trustee or BsneflNary is intendad to be exetusiva o}ony other remedy herain or by law � ..
<br /> - � ' provided or permrtted,but each shtill be cumulative and shatl be in uddition to every other remedy given hereunde►or now or � ; �
<br /> : hereaftar exislmg ct law or m equity or by statute.Every power or remedy provlded hereunder this Deed ot Trust to Trustee oi � �
<br /> 9eneficiary or to whieh either of them may 60 otherwlse enMled.mny be exercised,concurrently or indapendentty,trom bme to hmo '
<br /> .� • � � •, and as often as mcty be deemed expadient hy Trostee or Beneficiary and eAher o}them moy pursue Ncons�stent remedie3.Nothmg ' �
<br /> `._ :: _ _.-=--_-= herein sha3f be cortshued as .
<br /> - , proFribrtmg Keneheittry trom seeking a H�fiCi�ncy judgmenf againsf the Trostor to the extent sueh act�on � '�� ��-�
<br /> - ' . Is permMed by law. �e� I
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