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<br /> � payable, on the eu�s aecured by thie Desd of Truat ahall be at auch rate ae . , �,
<br />--- _' � �� �:, , Bene£icia�y ahall requeet. ' • .
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<br /> �?'`-- �' ''"` ` That as further �ecurit for the paymeait of the Note and Che
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<br /> - r ��� '�S indebtedaees thereby evideaced and� the performance of all of. tlae terme, .
<br /> - . � � covenante and conditiona,hereof, TruBter agreea that Beneficiary ahall� and , . . , . .
<br /> ' 4 ., doea hereby have the rigYit, power and authority during the continuance of � ,. . - � <.�•:
<br /> - --���� i.ssnes and proEita of the Property _,�`';. ; .=
<br /> - ` ;,,.:. F ��. this Deed nf 'i'ruat �o collect the rents, -. ,
<br />� , '� �•��� aad of any personal propertx lccated thereoa With or without talciag ^�, � .
<br /> � ` ' poeeeesien 4f the property af€ected thereby; and._Trustor hereloy abeolutely , �+ .: . _
<br />- - ' _ � and unccnditionally aesig�s all such rents, iseues and profits to Beaeficia- . . .
<br /> _ ' � ry. SQneficiary, Iiowever, hereby consexits to Trustor's collectioa and �--1= �•� =
<br /> - � '� retention of such renta, ie�ues and profits ae they accrue and become payable , � �,�n?.`��,. .
<br /> -- _ .�_ �J.''' ` so long,as Truator is not at auch time in default with reapect to payment o� ;;�.;;,.��_:;�;�,;�,:_'
<br /> --. - � "� any indebtedneas eecured hereby or in the performance bf any agreement � � :.���;,��;-�`:
<br />�--_ - � ` heseunder. IIpon any auch default, Heneficiaxy neay at any time, either i.n ..,M_I �»�•
<br /> ,>�'�`'���x.
<br />�� ' , person, by agent, or by receiver to be appoi.nted by a caurt, without notiae �=z�_ -
<br />- — � and wi.thout Yegard ta the adequacy of any securi�y for the in.slebt�daeas . . � ` r�'��' �
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<br /> —� hereby•secured taJ enter upon and take possessien of the Property or any part •� �-�-� :
<br /> : .,�, .:t w .tjy+°xa�wt�i�e
<br /> ��r:' � thereof and in ita own name aue for or otflerwise .co7.lect �such rents 'iasues �----_:
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<br />�',� � , , aad profits,. facludi.ag those past due amd unpaid, and apply the eame, Iees � -�"T��_�...,.
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<br />_,�,_-�—� : __ ___coats and expensea o€ operation and . cellection, . including seasonable :;�_
<br /> , .r. � attorney'�s-fees;-upon a�y-�:�azlebt��dness-secured--hereby-and�--�.n-such--order.-as ?:� -
<br />_�� � � Beneficiary may determine; (b) lease the same or any part thereaf for suc� `w,�-_
<br />- _ ' �� rental, term and upon auch conditions as Seneficiary's ?udgment may dictate . �� � _ .
<br /> '`���._._�.;__...�_; �� �' � or term3nate or adjuat the terms and conditioas of any exietiag lease ar , :::.�,;;,,.
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<br /> __�,, . Ieases.-.- �IInleea- Truator'.and Benef iciary..agree. othexwiae in writing. aaY f,. t.r
<br /> � � '+., '�: application of rents, iesues or prof ite to any indebtedness secured h�reby ..;,,���.
<br /> � ` . � � shal�. �ot extend ar poatpone the du� date of the inatallment payments as ��~"�
<br />�' � .. iti provi.ded in the Note or change the amount of euch installmenta. The ente�ing '.�:L��.`
<br /> �� � �� • upon and taking possesaion of the Property, . the colleation of such sente, `�`� �-= �
<br /> �.•. . • �•�,;�.:; >.
<br /> � ;� � -� issues and profits, and the application thereof as aforesaid,.ehall not waive � r s
<br /> �:�,� � . or cure any default or notice of default hereunder, or invalidate a�y aat �;::��-j
<br /> � c3one pureuant tp such notice. Truetor assigns to Beneficiary, ae further '�'�*� -
<br />�� :� :
<br />� . � .. � security for the performance of the fadebtedness and obligations secured ''. .�` . �
<br /> � � . ' hereby, aZl prepaid rents and a11 moneye which may have been or may hereafter :..��_t�,•� -
<br />� }� . be deposi�ed with Trustor by any lessee of the .Property, to seaure the . ...
<br /> --_ , � .: payment of any rent or damages, and upon default in the performance of any of ���� .—�
<br /> -- " � � the proviefons hereof, Truator agreea to deliver auch rente and deposits to ��T�:.
<br />�= � Heneficiazy. � Delivery of written notice of Beaeficiary's exercise of the �: c�G`: ".
<br /> � '� � , rights gtanted by thia paragraph THIRD to any tenant occupying the Property � ,-„���-" .
<br /> ��". '- � -���t..; or any portion thereof shall be sufficient to require said tenant to pay said �. �,.. ; :
<br /> - - rent to Beneficiary until further notice. ���'''����"`
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<br /> s�,.�',•.�• ., � OURTH. If there ehall be filed by or againat the Truator any petition • '. '.':�-
<br />=-- - .� . ar pzoceeding seeking any arrangement or composition or exteneion of any � '�.:���
<br /> � � � - other relief under or purauant to the Federal Bankruptcy Code or any other - . ." �, �,
<br /> � - � eimilar etatute aa ia now or hereafter in effect, or if the Truator shall be . � �
<br /> - " �'� � ad judicated bankrupt or ineolvent or any of Truator's propexty ahall have ; , �_
<br /> ��i'�'" � � beea sequeatered and auch decree sha11 have continued undischarged and . . .
<br /> _ � '� unetayed for 90 daye after the entry thereof, then the whole of the Note and °�. ��- . '
<br /> --�r' ;�. � � • indebtedneas hereby aecured ehall, without notice, at the option of. the _
<br />'-����� '� � '- Beneficiary, become due aad payable. •
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<br />— _ � • _ �'IFTH. Upon default by Truator in the payment of or performance of the
<br /> v �+• � 'V� t�r� and coadi.tions of the Note, or any renewals, modifications or _ .
<br />��`• � � `���' ."� execextione thereof, the paycrtent of any other indebtednees secured hereby or � -.
<br />� . •_� ., � ��� in the per�ormance of any agreement, covenant or warranty herein contained or . � .
<br /> � set forth in any agreement or instrument executed by Truator in connection �� �
<br /> �• � with the indebtednesa hereby secur�ed, Be�eficiary may declare all euma �� ; �
<br />�- .. � l aecured hereby immediately due and payabl� and the eame shall thereupoa --_ .
<br /> `'�Y=-�� '`�� become due and payable without presentment, demand, protest or notice of any �
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<br />-�"'�`� � - kind. ThereaEter, Beneficiary may deliver to Truetee a written declaration •
<br />�����,:�� -=.::.:,_� of default and demand for .eale. Trustee ehall have the power of sale of the . �� �
<br />____ . ;:'.��;� Property and if �Bene£iciary decidea the Hroperty ie to be� sold, it shall �.
<br /> �,. ' � , depogit with Truetee thie Deed o£ Truat and the Note or notes and any other ,
<br />�� '. � documenta evidencing expenditures aecured hereby, and ehall deliver to � �
<br />�� . Truetee a written natice of default and election to cauae the Property to be � �� , . , .
<br /> ��;��. .
<br /> - . � � � � �solc�, and Truatee, in turn, ahal� prepare a similar notice in the form . i .
<br />- 's�,�•. � . • required by law, a�lnich ehall be duly filed for record by Trtiatee. �
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<br /> . �� � (a) After the lapse of �auch time as may be required by law following � • .
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