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200611040
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200611040
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Last modified
12/13/2006 4:38:18 PM
Creation date
12/13/2006 4:38:17 PM
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DEEDS
Inst Number
200611040
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<br />" <br /> <br />200611040 <br /> <br />application of rents, issues or profits to any indebtedness <br />secured hereby shall not extend or postpone the due date of the <br />installment payments as provided in said promissory note or <br />change the amount of such installments. The entering upon and <br />taking possession of the Property, the collection of such rents, <br />issues and profits, and the application thereof as aforesaid, <br />shall not waive or cure any default or notice of default <br />hereunder, or invalidate any act done pursuant to such notice. <br />Trustor also assigns to Beneficiary, as further security for the <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 />7. 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 />8. 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. No remedy herein conferred upon <br />or reserved to Trustee or Beneficiary is intended to be exclusive <br />of any other remedy herein or by law provided or permitted, but <br />each shall be cumulative and shall be in addition to every other <br /> <br />5 <br />
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