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200512651
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Last modified
12/28/2005 4:13:20 PM
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12/28/2005 4:13:20 PM
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DEEDS
Inst Number
200512651
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<br />, <br /> <br />200512651 <br /> <br />performance of the obligations secured hereby, all prepaid rents <br />and all monies which may have been or may hereafter be deposited <br />with said Trustor by any lessee of the Property, to secure the <br />payment of any rent or damages, and upon default in the <br />performance of any of the provisions hereof, Trustor agrees to <br />deliver such rents and deposits to Beneficiary. Delivery of <br />written notice of Beneficiary's exercise of the rights granted <br />herein, to any tenant occupying said premises shall be sufficient <br />to require said tenant to pay said rent to the Beneficiary until <br />further notice. <br /> <br />9. Condemnation. If title to any part of the Property <br />shall be taken in condemnation proceedings, by right of eminent <br />domain or similar action, or shall be sold under threat of <br />condemnation, all awards, damages and proceeds are hereby <br />assigned and shall be paid to Beneficiary who shall apply such <br />awards, damages and proceeds to the sum secured by this Deed of <br />Trust, with the excess, if any, paid to Trustor. If Trustor <br />receives any notice or other information regarding such actions <br />or proceedings, Trustor shall give prompt written notice thereof <br />to Beneficiary. Beneficiary shall be entitled, at its option, to <br />commence, appear in and prosecute in its own name any such action <br />or proceedings and shall be entitled to make any compromise or <br />settlement in connection with any such action or proceedings. <br /> <br />10. Remedies Not Exclusive. Trustee and Beneficiary, and <br />each of them, shall be entitled to enforce payment and <br />performance of any indebtedness or obligations secured hereby and <br />to exercise all rights and powers under this Deed of Trust or <br />under any other agreement executed in connection herewith or any <br />laws now or hereafter in force, notwithstanding some or all of <br />the such indebtedness and obligations secured hereby may now or <br />hereafter be otherwise secured, whether by mortgage, deed of <br />trust, pledge, lien, assignment or otherwise. Neither the <br />acceptance of this Deed of Trust nor its enforcement whether by <br />court action or pursuant to the power of sale or other powers <br />herein contained, shall prejudice or in any manner affect <br />Trustee's or Beneficiary's right to realize upon or enforce any <br />other security now or hereafter held by Trustee or Beneficiary, <br />it being agreed that Trustee and Beneficiary, and each of them, <br />shall be entitled to enforce this Deed of Trust and any other <br />security now or hereafter held by Beneficiary or Trustee in such <br />order and manner as they or either of them may in their absolute <br />discretion determine. No remedy herein conferred upon or <br />reserved to Trustee or Beneficiary is intended to be exclusive of <br />any other remedy herein or by law provided or permitted, but each <br />shall be cumulative and shall be in addition to every other <br />remedy given hereunder or now or hereafter existing at law or in <br /> <br />6 <br />
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