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<br />88- 105051 <br /> <br />5. ,...., Act..."..,..1I a..... Truslof sholl pay 011 tOMes. assessments and other chargas, Induding, without limitation. fln~5 and im- <br />position. allrlbutable 10 the Property, and 'easohold payments or ground ronls, if any, beforo the same borome dellnquont, Trustor sholl'promp. <br />lIy furnish 10 Beneficiary all nollces 01 amounls due under Ihis paragraph, and in Ihe e.ent Trustor sholl make payment directly, Trustor shall <br />promptly fumlih 10 Benellciary receipt. evidencing such poymenl., Truslor shall pay all faxes ond assossments which may be le.led upon <br />Benellclary's Interes' herein or upon fhis Deed of Trust wilhout regard loony low that may be enocted imposing payment of the whole or ony <br />port 'heroal upon the Beneficiary, <br />6. Ad4ItIo_ 110M ..d "'Ie"l... .llonellclory'. SocuritJ, Trus'or sholl make all payments 01 interesl and principal ond payments of any <br />ather charges. f..s and e)Cpenses contracted to be paid to ony existing lienholders or prior beneficiaries under ony prior deed of 'rust or mar. <br />19age before the date they ore delinquent and promptlv poy and discharge ony and all other liens, claims or chorges which may jeopardize the <br />security grunted herein, If Trustor falls to make ony such payment or foils fo perform any of the covenants and agreements contolned in this <br />Deed of Trusl, or in any prior mortgage or deed of trust, of If any oction or proceeding is commenced which moteril1l1y affects Beneficiary's in- <br />terest in the Property, Including, but no' limited to, eminent domain proceedings, or proceedings involving 0 decendent, or If Trustor falls to pay <br />Trustor's deb.s generally os they become due, .hen Beneficiary, at Beneficiary's option and without notice 10 or demand upon Trustor and <br />without releasing Trustor from ony obligation hereunder, may make such appearances, disburse such sums, and take such action os Is necessary <br />fa protect Beneficiary's interest including. but not limited to, disbursement of reasonable al farney's fees, payment, purcllllse, contesl or com- <br />promise of any encumbrance, charge or lien, and enlry upon Ihe Properly 10 make repairs. In the event that. Trustor sholl foil to procure in- <br />surance or '0 pay taxes, assessments. or any other chorges or to make any payments to existing prior lien holders or beneficiaries, Beneficiary <br />may procure such insurance and make such payment. Any amounts disbursed by Beneficiary pursuant 10 this P<Jragraph 6 sholl become additional <br />indebtedness 0' Trustor secured by this Deed of Trust. Such omounts shall be payable upon notice from Beneficiary 10 Trustor requesting pay- <br />ment thereof, and sholl bear interest from Ihe date of disbursement at the rote payoble from time to time on oulstonding principal under the <br />Note unless payment of interest at such ro'e would be controry to applicable low, in which event such amounts sholl bear interest at the highes1 <br />rate permissible under applicable law. Nothing contained in Ihis Paragraph 6 sholl require Beneficiary to incur any expense or take any DClion <br />hereunder. <br />1. AIIlgnm.nt Df Ren... Benericiary sholl hove the right, powp,r and aUlhority during the continuance of this Deed of Trus' to collect Ihe <br />rents. issues and profits of the Property and of ony personal property located thereon with or without taking possession of the property aHected <br />hereby. Dnd Trustor hereby absolutely and unconditionally assigns all such rents, issues ond profits to Beneficiary. B~neficiary. however, hereby <br />consents to the Trustor's collection and retention of such rents, issues and profits os they accrue and become payable so long 05 Trustor is not, <br />at such Ume, In default wilh respect to payment of Dny indebtedness secured hereby, or in the performonce of any agreement hereunder. Upon <br />any such default, Beneficiary may at any time, either in person. by agent, or by receiver to be appointed by 0 court, without nolice and wilhaut <br />regard to the adequacy of Dny security for the indebtedness hereby secured, (0) enter upon and toke possession of the Property or any porI <br />thereof, and in ils own nome sue for or otherwise collect such rents, issues and profits, including thosa past due and unpaid, and apply the same, <br />less cost~ and expenses of operation and collection, including reasonable attorneys fees, upon any Indebledness secured hereby. and in such <br />order as Beneficiary may determine; (b) perform such acts of repair or protection os may be necessary or proper to conserve the value of the <br />Property.. (c) lease the same or any parttheroDf for such rentClI, term, and upon such conditions os its judgment may dictate or terminate or ad. <br />just the terms and conditions of any existing lease or leases. Unless Trustor ond Beneficiary agree otherwise In writing, any application of rents, <br />issues or profits to any indebtedness secured hereby shall not .xtend or postpone the due doto of the installment payments as provided In said <br />prOmissory note or change the amount of such installments. The entering upon and taking possession of the Property, the collection of such <br />rents. issues and profits, and the applicatiDn thereof os aforesaid. sholl not waive or cure any default or norice of default hereunder, or in- <br />validate any act done pursuant to such no.lce. Trustor olso assigns to Beneficiary, as further securify for the performance of the obligations <br />secured hereby. 011 prepaid rents and all mDnies which may have been or may hereafter be deposi1ed with said Trustor by any lessee of the Pro- <br />perty, to secure the payment of any rent or damages, and upon default in the perfDrmance of ony of Ihe provisions hereDf, Trustor agrees to <br />deliver such rents and deposlts.o Benericiary. Delivery of written notice of Beneficiary's exercise of the rights gronted herein, to any tenant oc- <br />cupying soid premises sholl be sufficient to require said tenant 10 pay soid rent to the Beneficiary until further notice. <br />8, Con....nwtlon. If title '0 any port of the Property sholl be laken In condemnation proceedings, by right of eminent domain or similar action, <br />or shall be sold under Ihreaf 01 condemnorion. all awords, damages and proceeds are hereby assigned ond sholl be paid to Beneficiory who shall <br />apply such awards, damages and proceeds to the sum secured by this Deed of Trust, wilh the excess, if any, paid to Trustor. If Trustor receives <br />any notice or other information regarding such actlDns or proceedings. Trustor sholl give prompt written notice thereof to beneficiary. <br />Beneficiary shall be entitled, at its oplion, 10 commence, appear in and prosecute in its own nome ony such action or proceedings and shall be en. <br />titled to make any compromise or settlement in connection wllh any such action or proceedings. <br />9. .....dl.. NDt EulUllte4 Beneficiary sholl be entitled to enforc.e payment and performance of any indebtedness or obligations secured <br />hereby and to exercise all rights and powers under Ihis Deed of Trusl or under any other agreement executed in connedion herewith or any lows <br />now or hereafter in force, nOlwilhstanding some or all of the such indebledness ond obligations secured hereby may now or hereafter be other- <br />wise secured. whether by mortgage, deed of trust, pledge, lien, assignment or otherwise. Neilher the acceplance of this Deed of Trust nor its <br />enforcemenl whether by court action or pursuanl to the power of sole or other powers herein contained, shall prejudice or in any manner affecl <br />Beneficiary's right to realize upon or enfDfce OilY 01 her securily now or hereofler held by Beneficiary, it being agreed that Beneficiary sholl be <br />enlitled 10 enforce this Deed of Trust and C1ny olher security now or hereofter held by Beneficiary in such order Clod manner as it moy in Us ab- <br />solute discretion determine. No remedy herein conferred upan or reserved to Benericiary is inlonded to be exclusive of any alher remedy herein <br />or by low provided or permitted. but each sholl be cumulative and shall be in addition to every other remedy given hereunder or now or hereafter <br />Bxisting at low or in equity or by slotute. Every power or remedy provided hereunder this Deed of Trust to Denericiary or to which it may be <br />otherwise .ntilled, may be exercised, concurrently or independently, from time to time and os often os may be deemed expedient Beneficiary <br />and it may pursue inconsistont remedies. Nothing herein sholl be construed os prohibiting Beneficiary from seeking 0 deficiency judgment against <br />Ihe Trustor 10 lhe exfenl such acrlon is permilled by law. <br />10. Tnna'.r.f Prop.rtJl Allumptlon. If all or any port of the property or any interest therein is sold, transferred or conveyed by Truslor <br />without Beneficiary's prior writlen consent, e.-eluding (0) Ihe creation of 0 lien or encumbrance subordinate to this Deed Df Trust, (b) the crea. <br />tion of 0 purchase money security interest for household appliances, (c) 0 transfer by devise, descen' or by operation of low upon Ihe deolh of 0 <br />ioint tenant or (d) the grant of ony leasehold inlerest of three years or less nol conloining on option 10 purchase, Beneficiary mDY. 01 <br />Beneficiary's option, declare alllhe sums stK:ured by this Deed of Trust to be immediately due and payable, or cause the Trustee to file 0 notice <br />of default. Beneficiary sholl hove waived such option to accelerate if, priDr to the sole, transler or conveyance. Beneficiary and Ihe person 10 <br />whom the properly is to be sold or transferred reach ogreement in writing tlml Ihe credit of such person is solisfoclory to Beneficiary aud Ihol <br />Ihe interesl payable on the sums secured by this Deed of Trust sholl be at such l(lte os Beneficiary shall request. <br />