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<br />IT IS MUTUALLY AGREED THAT: <br /> <br />88_106274 <br /> <br />.;? <br />'I <br />;f.l <br /> <br />UTIGATION: Truslor shall dBfBnd this Truslln any Bcllon or procBBdlng purporting to allBct such propBrty, whBthBror nol ~) <br />It allecls thB security herBof, or purporting to BIIBCt thB rig his or powars of BBneflclary 01 TrustBe, and ShBlIlIIB Bnd C;: <br />prOSecUIB all necesssry clBlms and actions to prBvBnt or recovBr for Bny damBgB to or dBstrucllon of Buch propBrty, and 1-' <br />ellhBr TrustBB or Beneficiary Is hBreby Buthorlzed, wllhout obligation so to do, to commenCB, BppBar in or dBIBnd Bny such <br />action, whBtherbrought by or agBlnst Trustor, BenBflclary or TruslBeor with or without sul~ to BXBrclsB or enforce any othBr <br />rlgh~ rBmedy or power avallablB or confBrrBd hBrBundBr, whBthBror notjudgmBntbeentBred In any BctlDn orprocBedlng; <br />and Trustoror BenBflclary mBY appBBr or Intervene In Bny action or procBedlng, and retain counselthBreln; and takB such <br />action thBrBln, as Bither mBY be BdvlSBd and may settle, compromlsB or pay thB samB or any olhBr clBlms and, In that baha!1 <br />and lor any olsaid purposss. mBY expBnd Bnd advancs such sums of money as ellher may dBBm nBcessBry. WhBlhBr or not <br />Trustor so BppBBrs or dBfBnds, Trustor on dBmand ShBII pay all costs and expensss of Beneficiary and Trustse,lncludlng <br />cost of svldBnce 01 tltlB and Bttomey's fBBS In a reasonable sum, In Bny such action or procBBdlng In which BenBficlary or <br />TruslBB may BppBar by virtue of baing made a party dBfBndant or otherwlss and IrrespBctlve of whBther the Interest of <br />BeneficlBry or TrustBB In such property IB directly qUBstloned by such action, Including but not limited to, any action 10rlhB <br />10reclDsurB 01, or ssle procBBdlngs under, any secondary lien on such propBrty' condemnation or partition of such <br />property, and any suit brought by Beneficiary to foreclosB this Deed 01 Trust <br /> <br />CONDEMNATION: All sums dUB, paid or pByable to Trustor, or any successor In Inlerest 01 TruSlor, whBther by way 01 <br />judgmBn~ settlement or otherwise, (a) lor Injury DrdamagB to such proparty' or (b) In connection with any condBmnatlon <br />lor publiC USB or Injury to such propBrty or any part thereof, or (c) In connBcllon wllh Ihe transacllon linancBd by thB loan <br />securBd hereby or (d) arising out 01 all CBuses 01 Bctlon, whethBr accruing beforB or after IhB date of this DBed of Trust, <br />sounding In tort or contrac~ Including causBS of action lor Iraud or concealmBnl 01 B mBtBrlal fact togelher with the <br />settlBmBnts, proceeds, awards and damages, direct and consBquenllal, In connection thBrewllh Bre hBrBby absolutely and <br />irrevocably Bsslgned Bnd ShBII be pBld 10 Beneficiery. Beneficiary shall be enlltled, Bllts opllon, to commBnce, inlBrvene In, <br />appBBr In and prosBcute In Its own namB, any action or proceeding, or to make any compromise or t'llttlement, In <br />connection with any such taking or damBgB. Truslor agrees to execule such further assignments of Bny compBnsatlon, <br />award, damages, rights of action Bnd procBBds as Beneficiary may require. <br /> <br />All Bmounts rBcelvBd by BenBflclery pursuBntto this DBed 01 Trust under any lire or other Insurance policy, in connection <br />wllh Bny condBmnallon for public use 01 or Injury to such property, lor injury or damBge to such hereby are to be applied Bt <br />thB opllon of Beneficiary upon Bny Indebtedness secured herBby. ThB application, use or rBleass 01 such amount shall not <br />cure or walvB Bny default or noticB of delault hereundBr or Invalidate any acl done pursuant to such notlcB. <br /> <br />CONSENT, PARTIAL RECONVEYANCE, ETC.: Trustee may, al any time, or from limB to timB, wllhoutllablllty therelore, <br />and without nollcB, upon wrlttBn rsquBst of BenellclBry, and without alfBcllng IhB personal liability 01 any person for <br />paymBnt of thB IndBbtedness secured hereby, or thB IIBn 01 this DBBd of Trust upon the remainder 01 such propBrty for thB <br />lull amount ollhe IndBbtednBss thBn orthereaftBr, secured hereby, or the rights or powers ollhe BenBllclBry or thB Trustee <br />with respect to the remainder of such property, (B) reconvBY any pBrt 01 such property, (b) consent to the making 01 Bny <br />map or plat thBrBof, (c) join In granting any eBsement therBon, or (d) join In any extBnslon BgrBement or any BgrBemBnt <br />subordinating thB lien or charge hereof. <br /> <br />FULL RECONVEYANCE: ThB~ upon written request 01 BenBflclary staling that BII sums sBcured hBrBby have bBBn pBld <br />and all obligBllons secured hBreby ha'ole been satlsfBctorlly pBrformBd, TrustBB shall reconvey, wllhout warranty, the <br />propBrty then hBld hereunder. The recitals In such reconvByancB of any mattBrs 01 fact shall be conclusive proof of thB <br />truthlulnBSs therBol. The grantBB In such reconvByancs may ba designated as "lhB person or persons legally entllled <br />therelo". Such rBquBsls and reconvByance shall operBte as a reassignment 01 the rents, Income, issues and prollts <br />herBlnbelorB assigned 10 thB Beneficiary. <br /> <br />RIGHT TO COLLECT AND RECEIVE RENTS AND PROFITS: Nolwllhslandlng any olher provisions hBreol, BenBflclBry <br />hBreby grants permission to Trustor to COIlBCI Bnd rBlBin Ihe rents, income, ISSUBS and prollts of such property as they <br />become dUB and pByable, but rassrvBS the rlghl to revokB such pBrmlsslon at any lime, with or without CBuse, by nollCB In <br />writing to Trustor, mBiled to Truslor et his last known addrBSs. In any event, such permission to Trustor ShBII be <br />automallcally revoked upon dafault hereunder by Trustor. <br /> <br />FINANCIAL INFORMATION: Trustor will provide to BenBllciary, within 90 days ollhe close 01 each liscal YBarof Trustor, a <br />consolidaled bBlance shBBt Bnd stalBmBnt 01 earnings 01 Truslor and any Bnd all guarBntors 01 the obllgallons secured <br />hereby and will provide and dBllverto BenBflclarysuch othBr flnBnclallnlnrmallon and In such manner as BenBllclary may <br />direct from time to time. <br /> <br />FINANCIAL COVENANT: T:ustor shall comply wllh and shall cause any and all guarantors ollhB obligallon secured <br />hereby to complywllh, orbe In compliancB with, the following financial COVBnants: (This paragraph shall be non-applicable <br />il covenants Bnd raqulrBments are not filled In below.) <br /> <br />EVENTS OF DEFAULT: Any 01 the lollowlng avents shall be dBemed an event 01 default hereunder: <br /> <br />. (B) DBfBultshall bB madB in thB payment of any lnslBllment 01 principal or Interest or any other sum secured hereby when <br />due: or <br /> <br />(b I TrualOr should breBch or OthBrwisB bB in delault under Bny term, covenant. agreement. con dillon, or provision <br />conlained herBin or in Bny building 10Bn agrBBmBnt or In any other agrBBment sscured hereby; or <br /> <br />(c. Any rsprnenlBtion 0' covenant ....de he,ein, In any building loan ag,eemenl. or on any other agreement secu,ed <br />hereby or given In connection herewith or Dny IndebtedntnS secured hereby should be false or misleading; or <br />