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ae) A writ of execution or attachment or any similar process shall he issued or levied against "11 or any part of or interest in
<br />-ugh property, or any judgment involving monetary damages shall be entered against Truster which shall become it lien on
<br />-uch property or prartion thereof or interest' herein and such execution, attachment or similar process or judgment is not re-
<br />la-nded, satisfied. vacated or stayed within sixty f601 days after its entry or levy: or
<br />ff) Itamkruptcy, insolvency, reorganization, arrangement, or liquidation proceedings or other proceedings for relief under
<br />anv liankruptcy law or other law for the relief of debtors shall he instituted by or agai nst Trustor or any Guarantor hereof and,
<br />if instituted againstsuch party shall be consented to or shall not be dismissed within sixty (60) days after such institution; or
<br />ttd Trustor or any successor in interest of Trustor, voluntarily or involuntarily should sell, exact, convey, transfer, contract
<br />to sstl, lease with option to purchase, sublease, dispose of, change the character or useof, or further encumber such property, or
<br />any part thersof, or any interest therein, or if any said parties shall be divested of title to such real property of any part thereof,
<br />or any interest therein either voluntarily or involuntarily, or if titleto such property be subjected to any lien or charge voluntar-
<br />ily or involuntarily, contractual or statutory, without the written consent of Beneficiary being first had obtained, or
<br />I h) If Trustor is a partnership and the interest of a general partner terminates, is assigned or transferred, or is diminished in
<br />any respect, or if Trustor is a corporation and a majority of the voting corporate stock is transferred, sold or assigned, or if the
<br />Trustor is a Trustee of a trust and there is a change of any of the Beneficial interest of the trust; or
<br />(i) Trustor shall, without the consent of Beneficiary, create or consent to the establishment of a district which has taxing
<br />powers.
<br />ACCELERATION UPON DEFAULT, ADDITIONAL REMEDIES: Lt the event of any default hereunder, Beneficiary
<br />may, at its option,:
<br />(a) Terminate additional advances, if tiny, to be made under or pursuant to the Promissory Note or anv building loan agree•
<br />mtmt, or
<br />(bi I jeclare any sure secured hereby immediately due and payable and the same shall there upon become due and payable
<br />without any presentment. demand, protest, or notice of any kind; or
<br />ici At any time, with or without notice, either in person, by agent, or by receiver to he appointed by the Court without regard
<br />thv adequacy of any security for the indebtedness secured hereby, enter upon and take possession of such property or any part
<br />thereof, make, cancel, enforce or modify leases; obtain and eject tenants, set or modify rents: in its own name sue orotherwise
<br />collect the rents, income. issues and profits thereof, including those past due r^ - 'repaid; and apply the same, less costs and
<br />expenses of operation, including reasonable attorney's fees, upon any inde, ne:.g secured hereby and in such order as
<br />lieneficiary may determine; and except for such application, Beneficiary shall n•)t be liable to any person for the collection or
<br />nonc'ollcction of any rents, income, issues or profits for the failure to assert or t tforce any of the foregoing rights, nor shall
<br />Beneficiary be charged with any of the duties and obligations of it mortgagee i ^session The entering upon and taking
<br />possession of such property, the collection of such rents, income, issues or profits, th-_ ...ng of other acts herein authorized, and
<br />the application thereof as aforesaid, shall not cure or waive any default or notice of default hereunder or invalidate any act
<br />dune pursuant to such notice; or
<br />(l) Cause to be filed of record, a written notice of default and election to sell such property After the lapse of such time as then
<br />may by required bylaw following recordation ofsuch notice of default, and notice of sale having been given as required bylaw,
<br />Trustee, without demand on Truster shall sell such property, either as a whole ar in separate parcels, and in such order as itor
<br />Itc•nefic•iary may determine at public auction to the highest bidder. The Trustee may postpone the sale of all or any portion of
<br />-tea -h property by public announcement at the time of sale, and from time to time thereafter, may postpone the sale by public
<br />announcement at the time and place fixed by the preceeding postponement. Trustee shall deliver to such purchaser its deed
<br />ronvzying the property so sold, without any covenant or warranty. express or implied. The recitial in such deed of any matters
<br />of factor otherwise %hall be conclusive proof of the truthfulness thereof. Any person, including Trustor, Trustee or Beneficiary,
<br />m::y purchase at said sale. Trustee may also sell at any such sale and as a part thereof, any shares ofcorporate stock securing
<br />the obhgution secured hereby, and Trustor waives demand and notice of such sale. (Beneficiary at it's option may also
<br />ioreckore on such shares by independent pledge sale, and Trustor waives demand of notice of such sale.) After deducting all
<br />< wits. feces and expenses of Trustee, and of this trust, including cost of evidence of title in connection with such sale. Trustee
<br />%halt first apply the proceeds of sale to the payment of all sums expended under the terms hereof, not then repaid, with accrued
<br />interest at the rate then payable under the note or notes secured hereby, and then to payment of all other sums secured hereby.
<br />and if thereafter there be any proceeds remaining, distribute them to the person or persons legally entitled thereto.
<br />If this Deed of Truer or any note secured hereby provtdes for any rharge fur prepayment iof an indebtedness secured hereby N.
<br />Trustor agrees to pay said charge. if any ofsaid indebtedness shall be paid prior to the mat unty date thereof stated in said note
<br />„r this Iiced of Trust, even if and notwithstanding Trustor shall have defaulted in payment thereof, or in performance of an
<br />agreement hereunder. and Beneficiary by reason thereof, shall have declared all sums secured hereby immediately due and
<br />pay able.
<br />SCHEDULE OF LEASES- Within ten ( It)) days after demand, Trustor shall furnish to'rruet, or Beneficiary a schedule,
<br />certified by Trustor, setting forth all leases of such property, including, in each case, the name of the tenants or occupants, a
<br />description of the space occupied by such tenant and occupant, the rental payable for such space and such other information
<br />and document@ with respect to such leases and tenancies as the Trustee or Beneficiary may request.
<br />('OVFNANTS OF TRUSTOR WITH RESPECT TO LEASES Without the prior written consent of Trustee or Beneficiary,
<br />Trustor shall not, directly or indirectly, with respect to any lease of space in such property, whether such lease is not or
<br />hereaRerter in existence. (a) Accept or permit any prepayment, discount or advance payment of rent thereunder; (b) cancel or
<br />terminate the same, or accept any cancellation, termination or *urrender thereof, or permit any event to occur which would
<br />kntitle the lessee thereunder to ternunate or cancel the same i- amend or modify the same su as to reduce the term thereof, the
<br />(_ rental f vali; reun r, or t i cl ange , r „y ren +v tl p• ns therein contained, id) waive anv default thereunder or breech
<br />threof 'ei give anv tuner, nt waiver or approval thereunder or take any ether action in eonnectlon therewith, or with a lessee
<br />thereundeu which would hove the effei.t oftrnpainng the valueof tarsi +rs interest Ihrreundrr.,r the property subject thereto, or
<br />• fmnpaartngtr lepatsituan'w interest „f the l'nnsteeoritenefiriarv,,r,fi %ell resign, plailgr. rnortgagrteruthrrwisedtelxiraeof ,nr
<br />=o, roan fart cU interest ifl an•r +airf lea %e• ,.r ony rents, reaues •'r profits insuring or rising thereunder
<br />I it' II KS 14, I'll P:'i`Rl I , I rvrt „e %sure« that r,JI the•: lute, ,nd ,.t,l igan, Jn! ,t I %air: „huit h.,drtrrnun•,I ,.ieI, t'N !t,,.
<br />r t,r +a p,ro� i um :d thin tier.. .r 'I ni %t artal the Iructee Ahall n „i I Laihie rx, cp, r ,r t.,, . rt..m.oro e , tai, t, ,IuUen ami
<br />.),itHOti o + av ore *jw. itt. ,lty 1 oi iwietit . itnd mi nnphro , sen,iotti ,a t•-
<br />1rr,.m -..f this ;.red ,4 i'r iat ah:a7! r, i,,, 1'1 t ice to esl„•nd.rr r,nk �t, "n lunii %, �.n�, .�, ,,. ter ,rr•� tutor.,, , .� ,, ,�, ,i „n __.._�
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