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<br />88- 107064 <br /> <br />5.1...., A.....m.nh, and OIar,... Trustor sholl"oy all tmcc\, ()S5cssmcnls and ulher chlllUns, including, wilhoullillliloliulI. lillt.'!Il1lld im- <br />positions a"rlbulobie ,. Iho ProperfV. and loo.eho'd pnvmen's or ground renls, II onv, bofore 'he .ome bocome delinlluenl. lf11,'er .hnll promp' <br />IIV lurnlsh '0 Beneflel.fV 011 notices 01 amoun's due under 'hi. paragraph. and in 1he evenlfruslar .hollmo~.e poymenl directly. T""le' .hllll <br />,mptlv 'urnlSh '0 Benofielory receipls evldenelng such povments. Trus'or .holl pov all le.e. and a..o..mont. which mav bo loviod upon <br />Oeneflelarv's InlereS! horoin or upon lhi. Dead 01 Tru.' wlthoul regard 10 onv low fhul mov be anoclad impo.ing pavmonl of fho wholo or anv <br />parllhereal upon Iho Oor,.'1'.:",", <br />6. Addltlo...IUln. and h_"'~!4n al Benlnelary'. $toorlly. Truslar .hallmoke all povmenl. of Inlere.1 and principel and povmonl5 ef onv <br />.ther charges, lee. and e.penses con'rac'ed to be paid '0 anv e.I.ling lIenholde" or prior bonefielorie. under anv prior deed of Iru.' or mar. <br />'Doge bef.re 'he dale Ihev are delinquenl and promptlv pay and discharge anv and all alher lien.. claim. or charge. which may ieopordite Ihe <br />securlry granted herein. If Truslor foils to make ony such payment or fails to perform any of tho covenants and o[]rocll1cnts contoined in this <br />Deed of Trust, Dr in ony prior mortgage Of deed of 'rus,. of if ony action or proceeding is commenced which materh111y affects Dencriciary's in. <br />leres' in the Property, Including, but not limited to, eminent dcr;lCin proceedings, or proceedings involving a decemlent, or ir Trustor foils to pay <br />Trustor's debts genero!ly os they become due, then Beneficiary, 01 Beneficiary's option and withoul Ilolice 10 or demand upon Trustor und <br />wllhout releasing Trustor from any obligation hereunder, may make such oppearances, disburse such sums, and toke such action 05 is necessory <br />to prated Beneficiary's interest including, but not Iindlp.d to, disbursement of reasonable allomay's racs, payment, purchose, contest or com. <br />promise of ony encumbrance, chargc or lien, and entry upon the Property to make repairs, III the event th01 Truslor sholl f{lil 10 procure ifl~ <br />surance Dr to pay IOJlles, assessmen1s, or ony other charges or 10 nlClke any puyments to C!xisling prior lien holders or benericiuries, Uenericiury <br />may procure such insurance and make such payment. Any amounts disbursed by Beneficiary pursuant to this Paragraph 6 sholl become addirional <br />indebtedness of Truslor secured by this Deed of Trust. Such amounts sholl be payable upon no lice from Benericiary 10 Trustor requesting pay. <br />ment thereof, and sholl bear inJerC!st from the dote of disbursement at 1he role payahle from time 10 time on outstunding principal under lhe <br />Nole unless payment of inlerest at such rote would be contrary to applicable low, in which event such amounts sholl bear interest atlhe highest <br />role permissible under applicable low. Nothing conlained in Ihis Paragraph b shall require Beneficiary 10 incur OilY expense or toke ony oelion <br />hereunder. <br />7, Assignment of Rents. Beneficiary shnll hove the righi, power and authority during the conlilluance or this Deed of lrust III collect Ihe <br />renls, issues and prarits of the Property and of ony personal property located thereon with or without taking possession of the properly oHecled <br />hereby, and Trustor hereby absolutely and unconditionally assign!; 011 such rents, issues and profits to Beneficiary, Beneficiary, however, 11m eby <br />consenls to Ihe Trustor's collection ond retention of such rents, issues and profils os they accrul] and become payable so long os Trustor is n01, <br />01 such time, in default with respect 10 payment of ony indebtedness secured hereby, or in Ihe performance of any agreement hereunder. Upon <br />any such default, Beneficiary may at any time, either in person, by agent, or by receiver 10 be appointed by a courl, withoul nolice and wilhoul <br />regard to the adequacy of any security for the indebtedness hereby secured, {a) enter upon and toke possession of the Properly or any pori <br />1hereof, and in its own nome sue for or otherwise collect such rents, issues and profits, including those post due and unpaid ond apply the samr., <br />less cDsI~ and expenses of operation and collection, illcluding reasonable nttorneys Ices, upon ony intll.lJtedness sewfell heleby, lIIlll ill ...Ulh <br />order 05 Beneficiary may determine; (b) perform such acls of repair or protection 05 may be necessary or proper to comerve Ihe value 01 thp. <br />Property; (c) lease the some or any port thereof ror such rental, lerm, and upon such conditions os its judgment may dictute or terminale or ml- <br />jus1'he terms and condi'ions of ony existing lease or leases. Unless Truslor and Beneficinry agree ollmrwisa in writing, OilY opplicnlion of r('III!., <br />issues or proms to any imlcbledrmss secured hereby shllllnol exlcrlll or 1I0sl)mne the dlle dule uf the inslullmenl pUYlTI(!tlts us III uvitll.'d in <:Ollid <br />promissory note or change 1he amounl of such installments. 11m entering upon and loking possession of the IllopClty. Ihe collection of such <br />rents, issues and profits, and rhe applicalion thereof 05 aforesaid, sholl not waive or cure any default or nolice of defaulJ hereunder, or in. <br />validate any oct done pursuant to such nolice. Trustor also assigns to Beneficiary, 05 rurther security f(lr the performonce of the obligoliom <br />secured hereby, 011 prepaid ren1s and 011 monies which may have been or may hereofler be deposited with soid Trustor by any h!ssl!l! of the 1'10- <br />perty, to secure the payment of Dny rent or domages, and upon deCoul1 in the pedormance of any of the provisions hereof, lruslor agrees to <br />deliver such rents and deposits 10 Beneficiary. Oelivery of written notice or Beneficiary's eKercise of the rights granted herein, to ony lel1anl oc. <br />cupying said premises shan be sufficient to require said temm110 pay said rent to the Beneficiary until furJher notice. <br />8. Condemnatlan. If title to any port of the Property shall be token in condemnation proceedings, by right 01 eminent domoin or similar action. <br />or sholl be sold under Ihreat of condemnation, 011 awards, damages ond proceeds ore hereby assigned and shall be paid 10 Beneficiary who sholl <br />apply such awards. damages and proceed. to Ihe sum secured by this Deod of Trusl. wilh lho e.cess, if any. paid 10 T,uslar. If Truslor receivo. <br />any nolice or other information regarding such oclions or proceedings, Trus10r sholl give prompt written notice thereof to beneficiary. <br />Beneficiary sholl be entitled, 01 its option. to commence, appear in and prosecule in its own nome ony such uclion or proceedings and sholl be en. <br />tilled to make ony compromise or settlement in connection wi1h any such aclion or proceedings. <br />9. Remedies Nol bc1ushe. Beneficiary sholl be enlitled 10 enforce payment and performance of any indcbledness or obligations secured <br />hereby ond 10 exercise 0\1 righ1s and powers under this Deed of Trust or under any other agreement executed in connection herewith or (Iny laws <br />now or hereafler in force, natwilhslonding some or 011 or the sucl, indebledness and obligations secured hereby may now Of' hNeufler be ollrl!r- <br />wise secured, whelher by mortgage. deed of 1rusl. pledge, lien, assignment or otherwise. Neilher the acceptance of this Deed of Trus1 nor ils <br />enforcement whelher by court action or pursuonllo Ihe power or sole or other powers herein conloined, sholl prejudice or in ullY ll1onnl!r allee' <br />Benelidary's right 10 realize UIlOI1 or enforce any olher securiry now or h~re(]fter held hy Oelleficiol'Y, il bl'iny {JUleed Ihol Ueneficimy shull he <br />entitled to enforce this Deed 01 Trust Dnd ony olher securily now or herealler held by Oel1eficiOlY in such orlier umllllUllller ns itnlllY in its ub. <br />solute discretion del ermine. No remedy herein conferred upon or reserved 10 Deneficiary is intended to be exclusive of OilY other remedy herein <br />or by low provided or permitted, but each sholl be cumulative and shall be in addi1ion to every other remedy given hereunder or now or hereafter <br />eKisling at low or in equity or by slalute, Every power or remedy provided hereunder this Deed of Trust to Beneficiary or to which il nmy be <br />o1herwise entilled. may be exerci'ied, COllcurrenlly or independcnlly, Irom lime 10 time ulIIl us ollC'1I11'i l11ny hr> dct'llI.!d ['~l11.di(,r11 111'1ll'licilllY <br />and il may pursue inconsislont remedies. No1hing herein sholl be construed 05 plollibiting Beneficiory Irolll seeking 0 deficiel1cy judYIIl['rlt ngolll~' <br />Ihe Trustor 10 Ihe extent such action is permitted by low. <br />10. lrllJlsfer of PropertYi Assumption. If 011 or ony port of the property or ony interest therein is sold, translerred or conveyed by Trustor <br />wilhoul Beneficiury's prior wrilten consen1, excluding (0) 1he creation of (] lien or encumbrancC! subordinule 10 this Deed of Trust, ib) the crea- <br />lion of (] purchase money securily interes1 for household appliances, fc) a transfer by devise, descent or by aperaliol1 of low upon the deuth of 0 <br />joint tenanl or (dJ the grant of ony leasehold interesl of three years or less not containing on opliol1 to purchose, Benefic;ury 1110Y, at <br />Beneficiary's option, declare 011 the sums secured by this Deed of Trus1 to be immediately due aud payable, or couse the Trustee 10 rile anolice <br />of defoult. Beneficiary shall hove waived such apHonlo accelerate if, prior to the sole, transfer or conveyance. Beneficiury and tlu? person 10 <br />whom the property is 10 be sold or transferred reach ogreement in writing HUll the credit or such person is satisraclory to Oenericiory {llld Ihut <br />Ihe ~nteresl payable on ,he sums secured by this Deed of lrust sholl be at surh 'n'e us Beneficiory sholl requesl. <br /> <br />II:. <br />