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<br /> , :1�` Y :� bY owners and operetocs of simftar Oroperdes er►d as 8�aefldarV mSlt reWire far its R�otection. Trustw wUl compiy . � _ �` ` �-
<br /> � : �. with such oth�r requirements as Benefidary may from time to time request for the Drotection by insurerea�a of the F �F ��' .F
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<br />;<..r.°:�:�.� 4;; Interest of the fespeaive Parties. A!!insurance polides maiMained pursteant to this Oead of Trust shail name Trustor °- �,.� �:;
<br />;.-�` �::,°..;-=-� en�Beneficiary es Inswed.as their respective interest may ePpear and Provide th�t there sd�all be no csncepation ar .-,�.�.t<<::�'�.':� ���``e.°`- `
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<br /> '� moditic�on wttltout Rfteen (t6)daYs prtor written noWfcatton to Tnistea and Beneflciarti►. iN tha event�nY por�lt t � .
<br /> -; .-``�_..r<<-; hereunder is not tenewed on or bsiore tifteen(15I days R�ar���DlratIan date.Ttustae or Benefleta�Y m�3t R��e :'; F _� �:��.`
<br /> �� sucA insarence in accordance wEth the provisions of Parsgreph 7. Trustor ahali deliver to �en�afidary the odginai :r :
<br /> - p�SicEes a!is�s�snd renewafs 4bareof or coptes of such potfdes and renewals thereoi. Falturs to fumisA such �_f ` t�,'�;
<br /> F== �`k4 .,� i o s u t e n c e b y T�u s W r.o r r e n e w a 1 s a s r e q u i r e d hereunder.shsti.at the optjon ot Ben�fidary, oonsdtute a de#auiL AI! � �}
<br /> � `r_ to Ts�sia��e�3ctitianaf secu►itY.and e sste and cotnveyance o f t h e P t o p e r t 1► �'��c� : �
<br /> une�ned Oremiun+a ere i�e�t� .
<br /> •., - `�<� °,`=Y by the Trustea sha11 oparate to convey to tha purchaser 4he Trustor's interest in and to atl{eoltcies of insur�ace upon �� ; �...y:, y
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<br /> r� • << ;� tAs Trust P�operty.
<br /> '`� ` 1° b. Texes eatd Asseasmert�. Trustor shafi paY atl taxes end apedai assessme�tavted or assessed against.or ° ` ^ �, 4_ .F r r
<br /> tr � "? d u a u p on,the Pro pert�t b�are detinqusncy end wiii defiver to 8enefEciary ccples of re�1P��►owiag payraerit of such , > �
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<br /> � � taxes ettd spet:ial e$sessmeMS.
<br /> " '- ' 8. Qdgittar�af ilens. Truator shatl mahe at!payme�ts of ir�4erest and pr�ndpal.and payme�of any other charSes. . 4:� h ` {�_`y �
<br /> S `� �' � (ees.and expens�s contracte�d to be paid to any existing lien holders or p�ior beneflciarles under any pdor Oeed of _
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<br /> i-::��. Ttust.Mort9eSe ot otfier securitY aSreemeM, before the date theV are definqaent and to pay enY other ctaim which ,..�- . :.�__.-='. .''
<br /> '. � je�Petdf�oas tlta sewriN Sranted herein. . . . .
<br /> . -<'.t ._.. T. �at�of�ftda�y's Sewsi4{a Sl�outd TrusLOr tsil to ma6ce�ry 0��• tai!to da arry eci es hereM , ��5;� ��`�
<br />' ` °1<•:'.'r provided or H any action or proceeding is isnmmenced which materiath►affeata Beneficieill�a Ir�terest in ths ProPe►N. , r rT �I ':�`��i�
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<br /> _<...>_:.,:.;:-w��;; Indudtng, but no lfrnitad ta, eminer�t domaln. insotvenay, arrangements or proosed�ngs fnvolving a bantwPt or 4 �, .L� � =
<br /> �' ', deceQent.then Ba�elidarV or Ynistee,but without otittgatton to do so,ead without r�tice to ar demand uPon'itusi0r. } _
<br /> �':° and wtthout releasing Trustur trom any oDligatlon hereunder,may make or do the seme, end may pay, purchase,
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<br /> .' ;,� �roMeat or comAromise andy enaumbrence.dtarSs ot Qen,which in t h a ju d gem e M o f e i t her a p p e a r s to atiect saM ,^4 a f°
<br /> :�-<�s:_�_,;, ;;«�-; pmperty�tn exerdsing any sud�Dowers.the Beneftctary or Tnistee mall incur e liability and expend whataver amouets. � `:: �`�`� ..
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<br /> ;-�``,.�°,.•T _-'"�"` i n d u d i n g d i s b n r s e m e n t s o f r e asonable attomeY's fees,which ie thetr absolute discretion ma1►be necessaN• In the .., . r r.� :.'.
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<br /> :. z��?� fail to OeY taxes and speclal assessmeirts cr i e i i ta t�t e k e a t ry : � .�, �_
<br /> � � event that TrusWr sfia11 tsil to procute insurance. � �
<br /> =:���-Y;nt-:�`�;`- Paymenta to esdsting ar prior Nen hotdets or beneflclaries.the Beneficiary may Prowre such insuranrs an0 maka such `.-�y n=.;.�� , � , .
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<br /> t����.`'�� `�"�,;�:� �aymerna. Ati sums incuRed or exp e n d�d bY B e n e ft c i a r Y o r T r e s t e e i n a c c o t d a nt�•�uiih the provistons of ths Oeed of o:r:,.� .e:.i''. �l f.if; c r-
<br /> Trust are secured hereby and.wlthout demand,shap be tmmediaieql dua end PaYabte by Trustor end shai!bear t�est ;�• ,�k , }
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<br /> a t ffi e r a t a D ro v i d e d for advances under the L�an Agreemer�t;provided.however,that at the option of the�enetYt�ary :�- x � � �.
<br /> �� `�� �`���` �f or Trustee,such sums may be added to this principai batance of any indebtedrtess s e c u r e d h e r etry a n d s h a i l b e a r t h e ' , ;` o �s t 3.
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<br /> �: - 1 '�"� ���' se�ne interest as such iade5tedness and shaf!ba payable ratiably over the remainiag term thereof. , -_ r
<br /> _4. -::°�..__� � 8. qsstgnment ot Rents. BeneNdary shall heve.th��IgM,Powar and authority du�tng the corKinuance of this Ueed t����:�
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<br /> t '' o t T�u r t t o�oNect tha rer�,issue�and prafits of the ProAB�V snd of arty personaf proPertY[ocated thereon with or � y ,r���
<br /> ' �'•- without takin�possesslen of the Property affecteA hereby,and Trustor hereby absotutefy ead unconditiot�a![y a s s igns �,, ,I —
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<br /> - '�',.";;�� atl_such rertts.issues end proflts w BenefideN. $eneficisry.however,hereby consents to the Trustor's coitectton and , , _ ���
<br /> " `" ��� reteMion of such rerits,issuea an d pr o fl t s a s th a Y 8�s�d become RaY��e so tong es Trustor ia not,at such ttme, ; +� �ar
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<br /> io detauit with resAect to payment of eny ind�btedness aecured hereby or in the perfomnaace of arry egreemeM . �`�'-T'�`��
<br /> : ...<. .;.�y�;: herevndet. Upop atry�su4h defsult.Beneflciary may et anV time, eithet 1n petson,bY agartt or by a recetver to b� '''�j;,} �� --
<br /> ,r' �: �: eDpoir�tsd bV a caurt.�+i t l►c v t n o t t c e a n d w i t f caut r e g a r d to the adeQuaay of any secucitl►tor tha indebtedness herebY �;;;
<br />:.:::�::;�.-_�:�::•;_�a���_' set�re�k te)enter upon end take posaessio�ot the Property or anY D�the�eof and.in its own name aue for or � - _--_
<br /> _-`�:.:;::. ,:.a±!_�`:�,' otherwise collect such�et�ts,issuea end profita,including those past dae end unA�cb Arr eDP�Y the se�a,less.cos� -- — -
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<br />::�:.±.;�.::. :;�;,. .::�r<•:- and expenses of ope►ation ar�coftectton,in�luding teasona6le attomey fees.upon a�€ndebtedness secured herebY -- --—
<br /> _-•� � aoci in suct►orda►as Ss�neftcisry may determirte:ibf Perform sucN aats of�epair or protectton as may be rtecessary or f -� �__
<br /> prpper to consetve the vatua of the Property:(c1 fe�e the asme or a�ry paR hereof tor sucA reMat term and upon such �.
<br /> ;� °�}: copAittons ae ita judgmeM may dictete. Untesa Trustor and Beneff�iary agree athervutse in writing,any eppllcet�on af ���r '��`'
<br /> , �..�'� �etres,issues ot pcoflte to any indebtedness secured hereby shafl not extend or postpons the due date of tha instsllment ,��
<br /> " �-:�=::;i:., paymerns as ptovEded in the Loan Agreement,and the application thereot as aforesaid s1�a11 not waiva or�ure arN
<br /> �r ;
<br /> F � -��:` defautt or notice o!deTanit hereunder or fivalldate any act done pursuent to s�uh n�otice. Trustor eiso asstgna to �� � -
<br /> � r - - 8eneftdary.es turther security tor the perfomeacsoe ot the obttgadons secured hereby,ail prepaid eca�te end atl monies ` ` 4�;..;r `
<br /> t �� ;�1, whtcl�may heve been ar may hereafter be deposited with said Trustor by arry le.asee of the Property,to secure ttee Y:f
<br /> � �`r �"` payment of arry rertt,�nd upon default in the pe�totmance ot eny of the provlsions heteaf,Trustor agrees to Qeiiver
<br /> ��.�--.-;��:.��,-�-T� such rer�en�deposits to the Beneflciary. belivery of written noUce of Beneficiar��exercise of the dghts graMad ��' : ;
<br />- ' ' ,e't.t��i.�'. f.. = .�.�':'�.-y�...:..'.
<br /> � �%k - ��;:`` ::'�- herein to any tenant occupying asid premises shatl be suHtcleM to fequire sald tenaM to pay said reM to the ,_;,,,;,,,;,,,;;,,,,,
<br /> ' � �� 8eneflcisry urttil turther natice. ' ',. � � �� .:
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<br /> by rlght ot ��; ��,
<br /> ,• �, 9. CoaBemnatio� 1!Utte to arry part ot ti�e�ropefir shall bs taken in asndemnation proceedings. , i A_.
<br /> t:_ , ; �,, eminenR dca»aln or similar actlon,or shatl ba sotd undet threat of condemnation, aft ewards,damages and proceeds � :
<br /> u ere her e by�a s s i g n e d a n d s h a l l b e p a f a t o B e n e f i c l e r y w h o s l t 2 1 1 e p p t y such awatd,dam�ges and proceeds to the sums ;` F 1 .:
<br /> socure�tiy the Oeed of T�uat,witPt the excess,it anS/.P�w 4he Trustot. �
<br /> '` = 10. Fu4�uo Advences• The Loan Agreertten4 provldes fot advances from time to tlme to trustor by Beneflclary
<br /> ,' >'���_� ae provided therein. In edditlon,upon request ot Trustor.BenefiNary,at Baneficiary's opt�on,prior to teconveyance _
<br /> ' ' of the Property to the Trustor, may meke addWonai tuture advances to the 7rustor. Such future advant�s, witfi `::,; ; . ,:
<br /> " � iMerest thereon,shail be secured by this OeeO of T�uat when evidenced by promiss�ry notea stating that sald notea �,t.,�•.•
<br /> � �� '.� �.�- are secured hereby; provtded that et no time shal)the secure� principal'and tuwre sdvances, not Uctuding sums :�-:.`:: :4'..:�:.::�`.�-,'
<br /> ' advanced to protect the security, exceed one hundred percern (100°�1.of the original principal BmOUntB SBCUiBA ; ����� �::., ,.
<br /> ...•'`, ...,.''."�;:.'�,:`• hereby. . :�_;�;.;,:.�:_,_.;�:,::
<br /> -� �,x�.� • ��, �eQies Cu�ttutative. Ail remedies provlded in this Oeed ot Trust are distinct and cumulaUve to any other :.�,`��:.....�".
<br /> ��'t.��. right ot remedy under thia Oeed ot Trust or allorded by law or equity, and may 6e exercised concu�rer►tty.
<br /> � . . : independentty or successivety. _
<br /> , 12. A�eefere4lan; Rems�les;Safe. A defauit shali exist in trie event of:
<br /> _�`�;'_ (A) Any treud or misrepresentation by the Trustor in eonnection with the line of credit which this Oeed ot Trust ,,_+
<br /> • ' . secures; "
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<br /> :ti; .. • • � 9J94 408�2
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