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<br /> ` � `� by owner's end�peratora ot sisailae pcopesties and es Henaflciery may�equire tor lta protection. Trustor wiil compty � � r � _
<br /> � � ��' U_ �.;; witA such other reQuiremerrts as Beneti�ary may hom tlme to time request tor the protection by insurance of the k � 4� �< 4�;:
<br /> >:� irterest of the respsctive pa�tias. Ap insurance Daliciea mai�ained pursuant to this Deed of Trust shalt name Trustor < <, f _ 4
<br />,:°.f,:.._1�:..,��..�,,';= e n d�eneftd s ry es tnsured. es their�espectiv+�imerest may appear and provide that there shatl he no aenwlSation or t�� ``�` ��.. ' :
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<br />._Y, . � modi�on without tifteen (16)days Pdor written natificadon to Tiustee an d Bene f i c isry. t N t h e e v e n t a n y.p o l i c y ' ;� • u
<br /> � '��`�'.;�; hereunder is nc�t renew�on at befare flfteen 115)days priarto its expiretion date.Trustee or Benefldary tr�ay p►ocure _.,.. ..-:.. ., r. ,,�_.-
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<br /> s such tnsurance in accordance with the provislons of Par�gtepl� 7. Tn�sta*shstl de►ivar to BenefId�y the origiaal �T t Q
<br /> T�� ofIdes of fnsurance and renawats thereof or c4pies af euch pclictes�nd�eneH►a[s thereof. Feiture to fumish such < ,�'�
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<br /> ,_,-1.� irtsur�nce Dy Trustor,or re��ls es�equi►ed Rereunder.shail.et tRe opt�on of Benef�dary, constitute e deta�r4t- N! - t_ r
<br /> it►Tn�sie�ea edditional secu►itY.as�d e sats a�nd oonveYence of the Property ��. . � t :� , n y
<br /> �``� _ usea�nea oremiu�aro lxt:shv� : _
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<br /> `°` � •- by thTs Trups�tee shaii aperate to convey w the purchaser the Trustor's ir�terest in and to e1!p�lides of insenance u�pon =?�.: tf =
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<br /> `. �:'``'�,:.., �.� 5. Te�s and As�esemerKs. Truseor shatl pay e11 texes and spedal essessments levted or essessed agaInst,ar t*.: f : ; �,:
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<br /> :'.�;.,;.--�<. dae upon,the P�toperty betare deltrtquency and wiil de�ver tn BeneftciaN capies of receipts shawing payaeent of such t Z=°A y J`:`°�:c_-`d �-:
<br /> � �'¢� taxes end speciat essessmer�. . '� " y `
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<br /> . ,.�:� : .�,�. .:,; 8. Addi4iaa�al Ltc�na. Truator sha11 ma�ce ait paymer�ts af it►terest and princfpaf.and paymeMS of any oiher charges, ; ; f� f :
<br /> f 4 Y+`;, Trust.Mcrtg�age or other�security agreernent,Eeforee�e dtate thev are deEinquant and to Pall�Y ath�daim which � ` ` r�� ,
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<br /> • � �.,� jeopardFies ths securitV 9�ant�d here..•. �. Lr � �
<br /> - - �- 7. �r�on ot�tafldmy's See�ufty. Shoutd 7niswr feli to make anY Osymern.fati to da eny act ea haretn ,� :
<br /> ^, �``� �"�•"° provided or ff erry action m proceeding is cammenced whlcA ma�teria{IY eifecta BenettclarV"s tnteresi fin tha f'ra�e�'tY. _�.. �`
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<br /> �.� ��;� indecdfng, but no limited to, eminent domain. tasotvency, arrangemecns or proceed�ng� involving e banWupt or �` ; ` `
<br /> � ��:�� .��r�_: decedent.then Beneftcian/oc Trustea.�but withaut o6Rgation to�so,and without rtotice to w demand aFan Trusmr. . _ , �. _:
<br /> ::s�.`;.:4�_:;�''i}. end wtthout reteasing Yiustor frort�erry obiigatton hereunder, may nseke ar do 4he same, and may paV. purchase, °,�'� _ ;_L «s�_
<br /> w �. .r;:;;. corttest or compromisa endt►encumbrance,cherge a�tten.wAich tn.the judgemeM of etther appeais to effect sstd �� �
<br /> `'`f Prcpetiy;in exere�ssi��►y such powers,the Benafl�ciary or Trustes may inau a IiebiRty and expend whatever atnounts, '� ; f
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<br /> S�- , �:--�, iec(uding diabursements of reasonable ettorney's fees,wh(ct�in their absotute disastton may be neoessary. In the :�,.`�"`����:
<br /> {a �.� ;�',:�' evetit that Trttstor shalt fail to pracure i�surance, fail to paY taxes and specia! essessme�ts or tafi to ma�e �Y � T �� q .:
<br /> ``.�:r .;;r;� payme�to extsiiag or prFor Iten hotdera or beneflciaries,the 6enaftcisry may procure such insurence and make such �' _
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<br /> �. , � ,�;;.+: payments. All sums inanred or expended by Banefidary or Tnistee in eccordar�ca with the provisions of tha Qeed ot . �, a
<br /> ��- a ,��.� Trust are secured hereby and,wfthout demand,shafl be immediatety dae and payabte by Tmsvor and shafl bear ir�terest '"r ; � ����t
<br /> :.`.�� ,.�,:�.��:',_�;.: at ths rata provFded for advancett under the�oan Ilgreement;provided,hawever.that at the option of tite Benafiiciary �h,.�: ; � #i �
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<br /> v. -� . ' `.� o r Trustae.sach sums may ba added to this pdncipei balance of anY indebiedness secured hereby and shafl bear the .�. • �y �
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<br /> °�... ....: �,;.; .; ssme interest as such indebtedness and shatl be paYabte ratabiy over tAe�emalntng term t hereo f. .`.`--� , �� �.,.�; ,;
<br /> , g, ps�g�unentaf�te�s. Beneftctary shall have the�igh�Dower a�nd authority daringthe corrtinuanca of this Caed , � E� ,� r,
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<br /> ''%'-;:; of Tn�st to caitect the rents.issues and protits of the P�roparty and ot any personal propeny tocated thereon wi9h o� .,;..,• ,_T, ` �
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<br />-- .., � ;�:; witttout tektng possesstor of the Property affected heceby.and Tnrsms hereby absofuteh►and uncondittonaity assigns ;.. :.k.
<br /> aii sud►rents,issaes and profits w B e n e f[dary. Be n e f t c i a r y.h o w e v e r.h e r a b y c o n s e n t s t o t h e T r u s w�'s co0ecdon and ,��- ,�„��r
<br /> ! tetentton of such rec�ts,fssues and profits es tttey accrue an8 6scome paya�le so tong as T�ustor is not,at such time, —
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<br /> in Qetauh wRh �esAect to p�ymaM of arry indebtedness secured heteby or in ttie_perbrmsnce of arry�agteemeM l� '� ��Y �_
<br /> - ' hereunQer. UOon anY.such detault, BeneficiaN maV at erry time,either in person, by sS�nt or by e�ea�iver to 6e ,' J `��`�
<br /> ,:`�.',' appoir�ted by e court,without notice anit withcut regard ta�tee adaWaaN ot anY seanity to�the i�dehtednesa hereby �. - ,�
<br /> : _,;� _; seeured: ta1 enter upon and tatce possesston of the Property or eny,part thareof end in its own eame sua tor or � . r � `i�_
<br /> ` �, ,,:;,., otherwise cofteet such rents.issues and profila,induding those past due and u�patd.an appty iha same.less�sts :� r .��
<br /> _:�tT�� : �' �ad e�en.ses ot operetton end�tt�etion,indudtng reasonabte attomey fees,ui�on any indebtedness seeured herebp _�„ - -
<br /> � ��, and in such order as Ber�flciary may determtne:W!Oerb�m such acts of repair or prote�tion a�may be necessa.ry ar � r- ��„�,�_
<br /> �����°:..��".:,.;ti. propet io�onsen►e Ne value of the ProPerq►:Ic!tease t he same or arry pa R h e t e o f t o r s u c h r e t�t a!t e r m e m�i W on sucf� F..:� _. ,�,.�-:
<br /> ' � � 5�`�� . condttions�s its judgment may di�tate. Unless Trustor and Benefldary agree otherwise in writi�g,any epA�icatton of , ``° ""'�"'"
<br /> ;: �
<br /> rerns,issues or prorits to any indeStedness seatred hereby ahatl t�ot exteryd or pastponethe due d�te ot the iastaitment � .� ' °e�:`
<br /> .r�..� `:, p a y mente�es proviQed in the Loan AgreemeM,�artd the epplicatlon thereof ea atoresaid shatl not waive or cure any
<br /> �' '" ��"��� defautt ar notice of deteutt hereundet o�inva4ldate anV act done pursu a n t w s u c t t �o t i c e. T r u a t a r s l s o e s s i g n a t o ' __ +� ._:
<br /> '�� j :�•��; 8eneftciary.as turther securtty for the Pe�o��01 the obligations secured hereby.efl prepaid rents an0 ail monles ,.
<br /> whicl►may have 6ee3s or may hereaher be deposited witt�said Trustor 6�y any tessee of the Rroperty,to secure the " "
<br /> _ : ��_..::_ -: ,._�.. .:- , _:.
<br /> ; ';� � �' payment of erry rent,and upon defauh in tfie pe�tormance ot arry of the provistvns hereof,Yrustor agrees to deliver : _ . �
<br /> ' �� �,� :.;'; sacA rents and deposits to the Benefictary. DeNvery of vuriKen nottce of Beneficiary's exercise ot the rtghts grertted ' "
<br /> heretn to atry tanartt accuAying seid premises aheil be sufficient to require said tenant to pay sald rent to the *-� -Y--,'r�'-
<br /> � �_,.+.�� Beneficiary ut�ti!turdt�notice. . '�. ' ,
<br /> `r:•� 9. Condemrte�n. tf titte ta etry psR o1 the PtoperN shgQ be ta�Cen in condemtt�tlan prar�eedings. bV d9M of _ � � `
<br />_ ,,.:;,.,;-;.^i �� .a.,:.,.;
<br /> eminer�domaln or simflar actton,or shatl be sold under threat of candems�ation,ell ewarda,dsmages end proeeeds �:, �,
<br /> •�� � �•�'�: ete Aeteby asstgned and shafl 6e paid to Beneflciary who shafl eppty such award,damagea and Qrocesds to the sums _ : �.
<br /> � �.� � ,' ;:t seeured by the Dead of Truet,with the excess.H arry,Patd to the Trustor. � � � �� �
<br /> � ' �'� � � t0. FuW�e Adv�mcas. The i.oan Agreement providea tor advances trom time to time to Trustor by Beneflciary „ �
<br /> _.�,�,;.:•' .� r. .,, _ . : ..
<br /> _ . : '�:!`�, es provided therein. tn eQd'rtion,upon request of Trustar,Beneficiary,st 8eneflciary's option,�rior to reconveyance �''. .."._ :.'• t •:
<br /> r � of the P'roperty to the trustor, may make additional tuture advancas to the Truator. Such future�advances, with :_'...�` � ,
<br /> � interest�thereon,shall be secured by this Oaed of Trust when evidenceA by promissory aotes steting that satd notes
<br /> �` .�� ''�'� are secured hereby; provlEed that at no time ahatl the secured principaf anA tuture edvancea,not including sums _ ;�.�.�.
<br /> - . ` � ' = �� �� advanced to protect the serauity, exeeed one hundred percent t1004/01 ot the originaf principa! emounts secured ';���.� :` "`�' �:_ ::
<br /> _ -:•- --�-;:�-� heresy. • _ _ ,
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<br /> T �t' •� ,~ � � ��. Ram@mo�Cumulative. All�emedies provtded in this Oaed ot Truat are distinct and cumutative to em/other ;' ,
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<br /> - �. .�� •. ���, right ar remedy under this Dsed of Trust or affotded by law or equity, and ma�t be exercispd �n�ilrJ�t►ttY. �.�..,:�,�.,�, :��
<br /> •� • inQependently or suceessivety. ' � �����
<br /> � , ::` r . 12. AeeeletaUan:Remedtaa:Sete. A defautt shail exist in the evern o!: � �
<br /> �.•" `�•'��. (A) Any ttaud or misrepreseMation Dy the Trustor in connection wlth the Nne o! credlt which thia Deed o� Trust •
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