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IM
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<br />1.218715C .
<br />©4603
<br />10. Condemnation: All sums due, paid or payable to Trustor, or
<br />any successor in interest of Trustor,- whether by way of judgment;
<br />settlement or otherwise, (a) for injury or damage to such property, or
<br />(b) in connection with any condemnation for public use or injury to such
<br />property or any part thereof, or (c) in connection with the transaction `
<br />financed by the loan secured hereby; or (d) arising out of all causes of
<br />action, whether accreting before or after the elate of this Reed of Trust,
<br />sounding in tort or contract, including causes of action for fraud or
<br />concealment of a material .fact, together with the settlements, proceeds,
<br />awards and damages, direct and consequential, to connect; therewith,
<br />are hereby absolutely and irrevocably assigned and shall be paid to
<br />Beneficiary. Beneficiary shall be entitled; at its option, to commence,.
<br />intervene in, appear in and prosecute in its owe, name, any action or
<br />proceeding, or to stake any compromise or settlement, in con rtection with
<br />any such taking or damage,. Trustor agrees to execute such further-
<br />assignments of any compensation, award, damages, rights of action aid'
<br />proceeds as Beneficiary may require.
<br />All amounts received by Beneficiary pursuant to this deed of
<br />Trust, in connection with any condemnation for public use of, or injury
<br />to, such property, are to be applied„ at the option of Beneficiary, upon
<br />n any indebtedness secured hereby. No such application, use or release
<br />". shalt cure or waive any default - or notice of def lt,- hereunder or
<br />invalidate any act done pursuant to such notice. `
<br />11. Consent, Partial Rectart�e,rartce, Etc.: That at any time, err
<br />from time to arse, without liability therefor, and without notice, upon
<br />., written request of Beneficiary, and without affecting the persairtal
<br />liability f any indebtedness
<br />y pry -sots fur payment of *lwe secured fae*ir>
<br />the lien of this Reed of Trust upon the remainder of such firopetty
<br />for the full amount of the indebtedness there or thereafter secured
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<br />hereby, or the rights or powere of . Beneficiary or the Trustee with
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<br />respect to the remainder of such property, Trustee may (a rsecorxvey,
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<br />any part of such property, #raj consent to the taking of any'viap or
<br />plat- thereof, c) join in granting any easement there en. or (d) join, in
<br />any exterssian agreement or any t suilterd =na **sue the !ire or
<br />charge hereof.
<br />12_ Full ftn5conveyancee; That, upon: written retest of Beneficiary
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<br />stating that alt sums secure .hereb, have been paid. Trustee shall
<br />recctnvey,- without warranty, the property then held hereunder. r. The
<br />re gals in such reconveyance of any mattes of fact shalt be conclusive
<br />proof of the truthfulness - thereof. The grantee in such reeonv+eyance
<br />way be designated as "the person or persons legally entitled thereto-,
<br />Such request and reconveyance shall rate as a reassignment of the
<br />rents, income, issues and profits hereintiefore ass rmed to Serie€"rciary_
<br />13. Right to C- oliect and Receive Rents and Profi ts
<br />;Notwithstanding any other provisions hereof, Berwficiary here rants
<br />permission to Trustor to Collect and retain the rents, income, issues and
<br />profits of such property as they become due and payable, but reserves
<br />thee right to revoke such permissicrjl at any time by notice in writino to
<br />Trustor, mailed to Trustor at his last known address in the eve_ nt t,
<br />occurrence of an Event of Default, as defined in this Deed of Trost, if
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