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<br />88_ 105052 <br /> <br />5. 'I.'., AtIl.IIIt.nt.,..1I 01....... Trustor shall pay all foxes, assessments and olhor chargos, Including, without Ilmitotion, fines qnd im. <br />positions ollrlbuloblt to tht Proptrty. and I.as.hold paym.nls or ground r.nls, II any, b.for. Ih. ,om. b.com. d.llnqu.nl. Tru,lor sholl promp. <br />tly furnish 10 Bonoflclory 011 notlc.s of amounts duo und.r this porogroph. and In tho .v.nl Truslor sholl mak. paym.nl dlr.ctly. Tru,lor ,ho'l <br />promptly lumiih 10 Bon.f1clory r...ipts .vldencing ,uch paym.nts. Trustor sholl pay 011 to..s und o"."m.nl, which may b. I.yled upon <br />B.n.f1clory's Int.r.sl h.r.in or upon Ihls D.ed of Tru,' wllhoul regard 10 any low thor may be enacted Imposing poymenl of the whole or any <br />port lhor.ol upon tho Bon.flclory, <br />6. AdoIItIoftol U... IIld Pral.ctl.. .f ....IlcID".' s.curlty. Truslor ,holl mok. 011 poym.nr, of Inl.r.,t and principal and poymenls of any <br />other thorges, fees ond expenses contracted to be paid to Dny existing lienholders or prior beneficiorlss under ony prior deed of trust Of mor- <br />tgage before lhe date they orB delinquent and promptly pay Dnd discharge any and all other liens, claims or charges which may jeopardize the <br />securUy granled herein. If Trustor 'oils 10 make any such payment or foils 10 perform Dny of the covenants and ogreements contoined in this <br />Dud of Trust, or in ony prior mortgage or deed of fru!.t, of if any action or proceeding is commenced which maferit111y offec1s Beneficiary's in- <br />terest in the Property, including, but not limited to, eminent domain proceedings, or proceedings involving 0 decendent, or if Trus10r foils 10 poy <br />Trustor's debts generally as they become due. then Beneficlory, at Beneficiary's option and without notice to or demand upon Trustor and <br />wllhout releasing Trus10r from any obligation hereunder, may make such oppeoranCElS, disburse such sums, and toke such Dction os is necessary <br />to protect Beneficiary's interest including, but not limited to, disbursement of reasonable allorney's fees. payment, purchase, contest or com- <br />promise of any encumbrance, charge or lien, and entry upon the Property to make repairs. In the event that Trustor sholl foil to procure in- <br />surance Dr to pay toxes, assessments. or any other charges or to make any payments 10 existing prior lien holders or beneficiaries, Beneficiary <br />moy procure such insurance and make such payment. Any amounts disbursed by Beneficiary pursuant to this Paragraph 6 sholl become additional <br />indebledness 0' Trustor secured by this Deed of Trust. Such amounts shall be poyable upon noHce from Beneficiary to Trus10r requesting pay- <br />ment thereof, ond shall bear interest from the date of disbursement at the rote payable from time to time on outstanding principal under the <br />Nole unless payment of interest 01 such rote would be controry 10 opplicable law, in which event such amounfs shall bear inferest at the highest <br />rate permissible under opplicable law. Nothing contoined in this Paragraph 6 shall require Beneficiory to incur any expense or toke ony action <br />hereunder. <br />7. Assignment 0' Rents. Beneficiary shall have the righi, power llnd authority during fhe continuance of Ihis Deed of Trust to collect the <br />rents, is.sues and profits of rhe Property and of ony personal property localed thereon with or withoul taking possession of the property affected <br />hereby, and Trustor hereby absolutely and unconditionally assigns all such rents, issues and profits 10 Beneficiary. Beneficiary. however, hereby <br />consents to the Trustor's collection and retention of such rents, issues and profits 05 they occrue ond become poyable so long os Trustor is not, <br />ot such time, in default with respect to payment of any indebtedness secured hereby, or in Ihe performance of ony agreement hereunder. Upon <br />ony such default. Beneficiary OlDy ot ony time, either in person, by ogenl, or by receiver 10 be appointed by 0 court, without notice and withoul <br />regard to the adequacy of any security for the indebtedness hereby secured. (0) enter upon and lake possession of the Property or any pari <br />thereof. and in its own name sue for or otherwise collect such rents, issues and profits, including those past due and unpaid, and apply the some, <br />Ie" costs and expenses 01 opera lion and colleclion, including reasonable 011 arney' fee,. upon any indebledne" ,ecured hereby, and In ,uch <br />order as Beneficiary mor determimJI (b) perform such acts of repair or protection as may be necessary or proper to conserve the value of the <br />Property: (c) lease the same or any port thereof for such renlal. term, and upon such condilions as its judgment may dictate or 1erminate or ad. <br />lust the terms and condillons of any existing lease or leases. Unless Trustor and Beneficiary agree otherwise in writing, any applicalian of rents, <br />issues or profits to ony indebtedness secured hereby sholl not extend or postpone Ihe due date of the installment paymenls os provided in said <br />promissory note ar change the amount of such installmenls. The entering upon and taking possession of Ihe Property, Ihe collection of such <br />rents, issues and profits, and the application thereof os aforesaid, sholl not waive or cure any default Dr notice of default hereunder, or in. <br />yolidate Dny oct done pursuan' 10 such notice. Trustor also assigns 10 Beneficiary. as furl her set"urity for the performance of the obligations <br />secured hereby. 011 prepoid rents and 011 monies which may have been or may hereofler be deposited with soid Trustor by any lessee of the Pro- <br />perty, 10 secure the payment of any rent or damages. and upon default in the performance of any of the provisions hereof. Trustor agrees fa <br />deliver such rents and deposits to Beneficiary. Delivery of written notice of Beneficiary's exercise of the rights gronted herein. to any tenant oc- <br />cupying said premises shan be sufficienl to require said tenant 10 pay said rent to the Beneficiary until further notice. <br />8. Candemngtlon. If tille to ony port of Ihe Property sholl be token In condemnation proceedings, by right of eminent domain or similar oct ion. <br />or sholl be suld under threat of condemnation, 011 awards. damages and proceeds are hereby assigned and shall be paid to Beneficiary who sholl <br />opply such owards, damages and proceeds to the sum secured by this Deed of Trust. wi1h the excess, if any. paid 10 Trustor. If Trustor receives <br />any nolice Dr other information regarding such actions or proceedings, Trustor sholl give prompt written notice thereof 10 beneficiary. <br />Beneficiary sholl be enlilled, ot its oplian, to commence, appear in and prosecute in its own nome any such oction or proceedings and sholl be en. <br />tilled to make ony compromise or settlement in connection with any such action or proceedings. <br />9. Rlmedi.. Not belu.i... Beneficiary shall be entitled to enforc.e payment and performance of any indebtedness or obligalions secured <br />hereby and to exercise 011 rights ond powers under this Deed of Trust or under any other agreement execuled in connection herewith or any lows <br />now or hereafter in force, notwithslanding some or all of the such indebtedness and obligations secured hereby may now or hereafter be other. <br />wise secured, whether by mortgage, deed of trus1. pledge, lien, assignmen1 or o1herwise. Neilher the acc~ptonce of this Deed of Trust nor ils <br />enforcement whether by court oclion or pursuant to Ihe power of sale or other powers herein contained, sholl prejudice or in any manner offeet <br />8enentiary's righl 10 realize upon or enforce any other security now Of hereafter hold by Beneficiary, it being agreed that Beneficiary sholl be <br />entitled to enforte this Deed of Trust and any olher security now or hereafler held by Beneficiary in such order and manner as it may in its (lb- <br />solule discretion det'!nT1ine. No remedy herein conferred upon or reserved to Beneficiary is intended to be exclusive of any other remedy herein <br />or by low provided or permitted, but eoch sholl be cumulative and shall be in addition to every 01 her remedy given hereunder or now or hereafter <br />existing at low Dr in equity Dr by sta1ute. Every power or remedy provided hereunder this Deed of Trust to Beneficiary or to which it may be <br />olherwise enlilled, may be exercised, concurrently or independently, from time to time and os often os may be deemed expedienl Beneficiary <br />and it may pursue inconsistant remedies. Holhing herein shall be conslrued as prohibiting Beneficiory from seeking 0 deficiency judgment against <br />the Truslor to lhe extent such action is permitted by law. <br />10. '....f.r.1 Pnperty; Alluaapllon. If 011 Of any port of the properly or any inlerest Iherein is sold, transferred or conveyed by Truslor <br />without Beneficiary's prior writ1en consent, elllicluding (oj the creation of 0 lien or encumbronce subordinate to this Deed of Trust, IbJ the ereo. <br />lion of a purchase money security interest lor household appliances, (c) Q transfer by devise. descent or by operation of low upon Ihe dealh of 0 <br />pnt tenant or (d) t~ grant of ony leonhold interetl of three years or less not containing on option 10 purchase, Beneficiary may. of <br />8ene'kkK-y'1 option, du:lare ull1he iumi it!cured by Ihls Oiled of Tru51 to be immedialelv due and payoble, or CUU:ie the Tru:itee 10 file a notice <br />of default. 8enenciory sholl hove waived !;uch oplion to accelerate if, prior to Ihe sole, transfer or conveyance, Beneficiary and the ;:larson 10 <br />whom the pI'OpW1y is fo be sold or transferred reach a.9reement in writing Ih"l the credit of such person is sofisfactory 10 Bencriciory and thai <br />lhe inlerest payable on the sums secured by this Deed af trust sholl be at such I ole as Beneficiarv sholl request. <br />