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<br />88-105o'98~ <br /> <br />5. '..1., AtI....tlnt.,..&I 01....... Trustor sholl pay all"tbxes, Ilssessments and other charges, Including, without limitation, rlnos and 1m- <br />poslllons .lIributobl.,o the Prop.rly, .nd I..sehold payments or grovnd rents, II ony, balor. tha some becoma dallnqvont. Trvslorsholl promp. <br />lIy lurnlsh to Belllflel.ry all not leIS 01 amovnls due under this paragraph, and in the evenl Truslor shall make paymant dlraclly. Trustor sholl <br />pramplly furnish 10 Beneliclory recalpts evidencing svch poymenls. Trustor sholl pay 011 to..s ond assessments which' may ba .Iaviad vpon <br />Ben.nciary's Inter.sl herein or vpon this Deed 01 Trust wilhout regard to ony low that may be enoclad Imposing payment 01 Iha whole or any <br />pori thl..eol upon thl Banenclary, <br />6. ........... U.n. ..&I Prot.ctlon of len.fic"". Security. Trustor sholl make 011 payments of interest and principal and payments of any <br />other charges, fl.s and expenses controcted to be paid to Dny Bxisllng lienholders or prior beneficiaries under any prior deed of trust or mor- <br />tgogo belore the clote they or. dellnqvent and promplly poy and dlscharga any and 011 other lIans, claims or charges which may jeopardize the <br />SlICorit'l grunted herein. If Trustor foils to make ony such payment or foils to perform any of the covenants and agreements contained in this <br />Deed of Trust. or In Dny prior mortgage or deed of 1ru51, of If any action or proceeding Is commem:ed which materidlly affects Beneficiary's In~ <br />teres' in 'he Property, including, but not limited to, eminent domain proceedings, or proceedings involving 0 decendent, or if Trustor foils to pay <br />Trustor's debts generally as they become due, then Beneficiary. at Beneficiary's option and without notice to or demand upon Trustor and <br />without releasing Trustor from any obligation hereunder, may make such appearances, disburse such sums, and take such action os is necessary <br />to protect Beneficiary's interest including, but not limited to, disbursement of reasonable attorney'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 or to pay taxes, assessments, or any other charges or to make any payments to exis1ing prior lien holders or beneficiaries, Beneficiary <br />may procure such insurance and make such payment. Any amounts disbursed by Beneficiary pursuant to this Paragraph 6 sholl become additional <br />indebtedness of Trustor secured by Ihis Oeed of Trust. Such amounts shall be payable upon notice from Beneficiary to Trustor requesting poy~ <br />menllhereof, and sholl beor interest from the date of disbursement at the role payable from time to time on outstanding principal under the <br />Note unless payment of interest at such rete would be contrary to applicable low, in which event such amounts shall bear interest at the highest <br />role permissible under applicable law. Nothing contained in this Paragraph 6 shall require Beneficiary to incur any eMpense or toke any action <br />hereunder. <br />7. Alllgnment af Renl.. BenBficiary sholl have the right. power \lnd authority during the continuance of this Deed of Trust to collect the <br />renls, Issues and profits of the Property and of any personal property located thereon with or withoultaking possession of the property affected <br />hereby, and Trustor hereby absolutely and unconditionally assigns 011 such rents, issues and profits to Beneficiary. Beneficiary, however, hereby <br />consents to the Trustor's collection and retenlian of such rents, issues and profits os they accrue nnd become payable so long os Trustor is not. <br />01 such time, in default with respect to payment of any indebtedness secured hereby, or in the performance of any agreement hereunder. Upon <br />any such default, Beneficiary may 01 any time, eilher in person, by agent, or by receiver to be appointed by 0 courl, without notice and without <br />regard to the adequacy of any ~ecurity for the indebtedness hereby secured, (a~ enter upon and take possession of the Property or any port <br />Ihereof, 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 />less cost$ and expenses of opera1ion and collection, including reasonable ottorneys fees, upon any indebtedness secured hereby, and in such <br />order os Beneficiary may determine; (b) perform such ac15 of repair or protection 05 may be necessary or proper to conserve the value of the <br />PrClperty~ (c) lease the some or Gny part thereof for such rental, term, and upon such conditions os its judgment may dictate or terminate or ad. <br />juslthe terms and conditions of any existing lease or leases. Unless Trustor and Beneficiary agree otherwise in writing, any application of renls. <br />issues or profits to any indebtedness secured hereby sholl not extend or pos1pone the due dote of the installmen1 payments 05 provided in said <br />promissory note or change the amount of such installments. lhe enlering upon and 1aking possession of the Proper1y, the collection of such <br />rents, issues and profits, and the application Ihereaf as aforesaid, sholl not waive or cure any defaull or notice of default hereunder, or in~ <br />validate ony oct done pursuant 10 such nolice. Trustor olso ossigns to Beneficiary, 05 further security for the performance of 1he obligations <br />secured hereby. 011 prepaid rents and 011 monies which may have been or may hereafter be deposited with said Truslor by any lessee of the Pro- <br />perty, to secure the payment of ony rent or damages, and upon default In the performance of any of the provisions hereof, Trustor agrees 10 <br />deliver such rents and deposits to Beneficiary. Delivery of written notice of Beneficiary's exercise of the rights granted herein, to any tenant ac~ <br />cupying said premises sholl be sufficient to require said 1enont 10 pay said rent 10 the Beneficiary until further notice. <br />8. Conll.nmatlon. If title 10 Dny part of the Property sholl be taken in condemnation proceedings. by righ1 of eminent domain or similar action. <br />or shan be sold under threat of condemnation, all awards. damages and proceeds are hereby assigned and shall be paid to Beneficiary who sholl <br />apply such awards. domages ond proceeds 10 the sum secured by this Deed of Trust, with the excess, if any, paid 10 Truslor. If Trustor receives <br />any n01ice Dr 01her information regarding such actions or proceedings, Trustor shall give prompt written notice thereof to beneficiary. <br />Beneficiary sholl be entitled, 01 its option, to commence, appear in and prosecute in its own nome any such Dc1ion or proceedings and shall be en- <br />tilled to make any compromise or settlement in connection wilh ony such aclion or prDceedings. <br />9. .....111.. Not bdulin~ Beneficiary shall be enti11ed to cnforc.e payment and performance of any indebledness or obligations secured <br />hereb, and to exercise 011 rights and powers under this Deed of Trust Dr under any other Dgreement executed in connection herewith Dr any lows <br />now or hereafter in force, notwithstanding some or 011 01 the such indebtedness and obligations secured hereby may now Dr hereafter be other. <br />wisl! secured, whether by mor1goge, deed of trusl. pledge. lien. assignment or otherwise. Nei1her the acceptance of this Deed of Trust nor its <br />enforcement whether by court action or pursuant to the power of sole or other powers herein contained. sholl prejudice or in any manner affect <br />Bener-dory's righl to realize upon or enforce ony other security now or hereafler held by Beneficiary, it being agreed 1hot Beneficiary shall be <br />enli11ed to enforce this Deed of Trust ond any olher securi1y now or hereafter held by Beneficiary in s1.lch order ond manner os it may in its ab- <br />solute discretion determine. No remedy herein conferred upon or reserved 10 Beneficiary is intended to be exclusive of any other remedy herein <br />Dr by law provided or permitted. but eoch shall be cumulative and shall be in addilion to every other remedy given hereunder or now or hereafter <br />exisling at low or in equily or by statute. Every pDwer or remedy provided hereunder this Deed of Trust 10 Beneficiary or to which it may be <br />otherwise enlilled, mav be exercised, concurrently or independently, from time to lime and os of1en os moy be deemed expedient Benericiory <br />and it may pursue inconsistont remedies. Nothing herein sholl be construed os prohibiting Beneficiary from seeking a deficiency judgment against <br />the Trustor to Ihe ..lent such action is permitted by low. <br />'0. t.....".f P.....rty; Assumption. If 011 or any pori of the property Dr any interest therein is sold, transferred or conveyed by Truslor <br />without Beneficiary's prior wOnen consen1, excluding (0) the creation 01 0 lien or encumbrance subordinate to this Deed of Trust. (bl1he crea. <br />'ion of a purchase money security inlerest for household opplionc:es, (c) 0 1ronsfer by devise, descenl or by operation of law upolllhe deolh of 0 <br />ioint tenont or (d) the gront of any leosehold interest of 1hree years or less n01 containing on option 10 purchase, Beneficiary may. at <br />Beneficiary's option, declare 011 the sums secured by this Deed af Trust 10 be immediatelv due and payable. or tause the Trustee to file 0 notice <br />of d.foult. Beneficiary sholl have waived such option to accelerate if. prior to Ihe sale. tronsfer or conveyance. Beneficiary and the person 10 <br />whom lhe property is 10 be sold or transferred reach agreemenl in writing thnl the credil of such person is sot is factory 10 Beneficiary oud Ihol <br />lhe Inlerest payable on the sums secured by this Oeed of Trus1 shall be at su,h 'ate as Bencliciorv shall request. <br />