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<br /> .. ���►� �.�a.��e • . -
<br /> (d )Yrustor,h;�li h�}vFl,p�o,r.ur�d, permittcci or sufferod,volunG:�rily or Involu�a�t�s'ily, �ny aradi4or to obtAin a Ifan not I , _
<br /> permitted hereln u{Sdn eH or�art ol�uch properfy;i ru�tor or any{�us,rnnQrir o4 tii: lndobtodrrao�r,c�cured h�oroby �t��ll
<br /> � 6ocome insolvent of admit in writing it;�inabllity to pay Its debts as th�y m»turt�,�r rn�ke an as�lgnment tor tho bonetil c�t
<br /> ; -� creditorsorapplytorar�e Eholl ba,a�pofntedt nd shallrnot bo d gcha.r�ed withir�Ihlrty(30)d yslaft�r af ppo npme�r+t o or
<br /> • such a receivor or trust p � ���'
<br />_ ` ••',�:�+�
<br /> (e )A wrtt o1 oxecution or attachmont or any slmliar process shall b�iasue�d or levled against all orany pa►!of o�Interest .�';Y�i�-:_=.
<br /> • , in such proporiy,or any�o Ahereoto rnte Arestthereln nd such e ecut annatt:�t�inentor stmiiar process o�r Judgment islne t . ••��•�,�
<br /> on�uch property or port � ;.:,: �='.t:��'��>>
<br /> released,b�onded,3atlsfied,vaca4ed or stayed withln 31xry(60)days aitQr it�e:'�tYy or levy;or �;, , . .___.�ti�;::
<br /> „ :•,.. ;. -
<br />- - -- ,,;��;:, _.
<br /> � (t) Bankruptcy, insolvency,rearganfz&tion,arrangement, or Iiquiciatlpn �r�4�¢iings or other proceodings fur �elfaf , , ,
<br />- • under any bankruptay�a ainst suchl�rty shalel bo�consen etd to or shaU nat b�cii.y�m�i3rtod wthin sixty( GO f day aftar sn ch � .�,,,;;-
<br /> hereot and if instituted A�
<br /> fnstltution;or � ��' ���'-
<br /> , .�r'�i, s. .• ;
<br /> ' . (g )Trustor or a►sy�uccossor in interest of Trustor,voluntarily ar invo'un4�vil+,r should sell, exu�t,convay,tran&ter, '. •.; .,.,.. -
<br /> cont�act to sell,lease with op4ion to purchase,sublease,dispose of,ch�ng�c�tri�ch2racter or uao ot,or turther enr,umis�r � :, �:.��.���'�,W��ti�_
<br /> such property,oreny part thereof,or any intorest therein,or if any oaid p�rti�nhw^.II trQ divested of titla to such real proporty ��;-
<br /> .�-ma.�;��
<br /> � � of any part thereof,or any interest either voluntarily or invalu�tc.rily,vr U Qi4t�tcr�u�.h nraperty be subJected to any lien or _�.,�,,R:�,���;�_ _
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<br /> charge votunt3rily or Inboluntarily, contractual or statutory, without ih� vwrilt��cpnsent of Heneficiary boing fir:�t had i,, ., ?��:�;.
<br /> :� .., obtain�.i.� • ;-`•�_�;;,,..,�:,�.,r_
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<br />: � (h)If Tr�astor is a pa���rship and zho interest of a general partnertermin�4os,is�st�igned or transler►ed,or fs din�inishod l y�,�;,�,,. ,��,
<br />_, � in a n y r e s p�c t,or if T�uator is a corperation and a majority of the votin9 corport�t�+otCn�,ts is tranaferred,sold or aasignsd,or if .` ,r'�;r��a�"
<br /> the Trustor is a Trus4ee of a trust and there is a chanye oi any of th�Ben�SiGia,l IntriY:ou rt o f t he t r u s t;o r ��.•� .__.___..____
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<br /> \ (i )1'rustor shall,witfia ui the consent of Beneficiary,creato or consonita th¢�establishment ofa district which has taxing _, •, •�.�'��
<br /> powers. - '"`��
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<br /> ,•
<br /> ACCELERATION UPON DEFAULT,ADDITIONAL REM�Ql�S:In tho ovont 4t any default herewider,BQnefici���may,at •.``` , -
<br /> Its option,: j�;�,t��,
<br /> ".. :•1:,1�( . ,-
<br /> (a)Terminate additional advances,if any,to be made under or pursu�.n4 Ca the Pmmissory Note or any bullding loan � �' :��, �, •�;`
<br />- agreement;or f �,,t�'�
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<br /> �� (b)Dealare any sum securad hereby immedtately due and payablv andl th��same shall there upon bocome due and . ;;,;�.;;•
<br /> •, �<�.
<br /> payable without any presentmeM,demand,protest or notice oS any lcind;Ar . • �_
<br /> :s`�,;,i'
<br /> (c)At any 4ime,with or without notfce,either in person,by agent,or by rocre(ver to be eppointed by the Court without . �
<br /> regard to the adequacy of any security for the indebtodnes�socurod h�r�by,enter Upon and take possession af such ,„ �M
<br />' property or any part thereof,make,cancel,eniorce or modity teases;o1�tQir�an�electtenants,set or modity rents;in itsown , .
<br /> namesueorotherwlsecollectthurents,Income,fssuesandpPWfitSth�vao?,inc9udingthosepastdueandu�pnid;andapply ;:;;, .
<br />. �
<br /> the same, less costs and expenses af operation,Including reasonabtQ attc�rn�oy's tees,upon any indebtodnass secured � •.:::��,,.
<br /> hereby and In such order as Bcnoficlary may determine;and oxcep4 fop c��ch npP�icatfon,8eneficfary shall not be liable to ` � , .',�:; ='.�. ,.
<br /> .,�.... .
<br /> � any person for the collectfon or�oncollection of any renta,incom�,issues ov�r�atits for the 4aflure to assert or oniorce any of I � �° y'��. v,
<br />' �+; the foregoing rfghts,nor shall Benofi�fary by charged with a�y o9 the dutics a���d obligations of a moRgagee in possession. � ;r,�
<br />'' The entering upon end taking possesafon of such property,4h�callection o7 fiuch rents,lncome,issues or profits,th�dofng ,ie,_•,'.�;� ;' �
<br /> •• .�� �•�, oi other acts hereln authorfzed,and the appllcatlon thereof as aformseio�,shall not cure or wafve eny detault or notice of ; ,
<br /> ;,` detault hereunder or invalfdate any act done pursuant to auch notico;o'r i . ,
<br />� p� � ,
<br /> " ( d)Cause to be tiled on record,a writton notice of default qr,d Qlection to sell such property.Aiter the Iapse at such time •,,,y�•,
<br />'� � as then may be required by law followin� recordatlon of su�ti n�atico of dofault,and notics ot sele having been given as � .
<br />� ' ". �� roquired by law,Trustee wlthout demand on Trustor shal l sell such properlk,efther as a whole or fn separate parcels,and in
<br />� such order as ftor Beneficfary may dotormine ot Public auction to the hiyl���tbidder.The Trustee may postponethe sale ot
<br /> all or any portlon ot such property by publlc mr�c�ouncamvnt at thQ tirro�t sale, arsd trom ttme to time thereatter,may , ,
<br />�� _ postpone the sela by publlc announcoment at the tlmQ and pla�o tin4d by the preceeding postponemen�Trustee shall
<br /> doliver to�uch purchaser Its dead Gonvoying the property�o sold,witllaut any covenant or wa�renty,exprass or implied. i
<br />= The reci4�1 in such daed ot any mAt�Ers of fect or otherwlse sl��ll bo co�lciusive proof ot the truthfulnessthereof.Any person, i
<br />� includ(ng Trustor,Trustee or Beneficlary,mAy purchas�at safd nale.Trustee may elso sell at any such sale and as e port ;
<br /> theraof,any shares ot corporate stock securing the oblic�ation secur�d heroby,and Trustor weives demand and notice ot .
<br />� such salo.48onefioiary at Its option may also toreclose on�uch sharos by independent plodge sale,and Trustor waives
<br />� demand ot natfco uf such sale.)Af3er deductfng all costs,fe�s and oxponses of Trustee,and of this trust,including cost of
<br />-� ' evidenco ot title in connectfon wi4h such sale,Trusteo sh:�ll first np��ly tho proceeds of salo to the payment of all sums
<br /> expended under the terms hereot,not then repaid,wlth accruad interoat at the rate then payablo undor the noto or notos
<br />— secured hereby,and then to payment of All other suma securmd h�roby,and if thereattarthere be any procedds remaining.
<br /> dlstribute them to the person or persons logally entitlod thdroto.
<br /> �
<br /> _ ___ ___�__ . �,,,,.,,�.........�,�oo i�anV r.naraw tor nrenavment o1 anv indeb4edness secured
<br />� ' --�-- � �}thlS DBBd 01 1 rtl5i vr ariy i�vio aoa.Liw�.v.•,..�r.........._._. _. . - - .. . . .
<br />� � hereby,Trustoragroes to pay sald chargo,itany of sald indobtadnoas shall be paid prior to the maturiry date thoreof stated
<br /> " • in sald noto or this DAed nt Tr��ct,wvon it and notwltlistandiny Trustor shall have defaulted fn payment thereoi, or in
<br />--��' „ °. pe�formanceofanyagreQmenthereunde�,and�eneficiaryFiyraasonthsreot,she0havedeclaredatloumssecuredherauy
<br /> , Immedfately duo and payable.
<br />_�•-=
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<br /> ����>� SCMEOULE OF LEA�ES:Within ten(10�days eitor dam0na, I rustor snau turnish�o i ruside o�ov��a����o��a�..��d����•
<br /> � . cortliied byTrustar,sotting forth all leasos ot such proporry,including,In each oaso,the name of the tenants or occupants,a
<br />� �� nformation andhciocumdnts wlhl�sp ct to suchaease and t nancias as the Tpus eeI or Bs sf ciary may r quest other
<br /> , � �� COVENANTS OF TFiUSTOR WITH RESPECT TO LEASES:WithoUt tho prfor wrltten consont of Trustee or Baneficiary,
<br /> ' •� Trustor shall not,dlrectly or indlrectly,wlth respect to any lease af space In such properly,whether such lease is not or
<br /> " hereatter fn exlstenr,o:(a�accept ur permit any prepayment,dlscount or advance payment a}rentlhereundmr;(b�cancel
<br /> � , would entit o the lasse herou�derto to m nat tor can a11 tho same:( e)amend orrmodHy the eame s as tn educe the t rm �
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