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Do <br />iT'IS MUTUALLY AGREED THAT <br />- <br />I Tl'II lA'1'1( IN Trustor sh:dl defend (his Trust in any action ter prra•ee•eling purporting to affect such property. whet Iwror not <br />/" rt ,(heels Ilic sr , -urity hereo'. or purportinit to affer•t the rights or powers of IienePfieiary ol'Trustee, and shall file and prosecute <br />tell new vs.,ary claims and artu,ns to prevent or recover for any damage to nr do-strut-6,111 of Such property, and euher'I'runtce ur <br />1:4-114 fieiary is herch,v authorize d. without obligations se, tar do. to cununenee•, appear in ur defend any such action. whether <br />brought by or against Trustor. Beneficiary or Trustev or with or without suit, to oxen•ise or enforce any other right, re•nu•ely or <br />power available or conferred hereunder, whether or nut judgment he entered in any action or pro weeding; and Trustor ur Bene- <br />itct.iry may appear or intervene in any action or proceeding, and retain counsel therein, and takesuch action therein, as either <br />ro.,y be advised and may settle, compromise or pay the same or any other claims and, in that behalf and for tiny of said pur- <br />lstses, may expend and advance such sums of money :is either may de-em nevessan• W nether or nut Trustor so appears or de- <br />fi•ods, Truster ran demand shall pay all costs and expenses of Bentefciary and Trustee, including cost of evidence of title and <br />atlorrte +'.s fvvs in it reasonable sum . in any such artiun ur pnace•tyiint; in whirl lteneliriary trr'i'rusua• may np }temr by virtue of <br />I„•irig trade a pit rty defendant fir otherwise and trres}see•uveol'whether tht in terest of Bene fit -tit rY orTrustee in such property is <br />,thructly questioned by such action, including but not limited to, any action for the foreclosure of, fir sale proceedings under, any <br />secondary lien on such property, condemnation or partition of such property, and any suit brought by Beneficiary to foreclose <br />this Deed of Trust. <br />CON DEMNATION• All sums due. paid or payable to Trustor, err any successor in interest of Trustor, whether byway of <br />judgment, settlement or otherwise, tail for injury nr damage to such property, ur (b) in condec•tion with any condemnation for <br />public use or injury to such property or any part thereof, or(c) in connection with the transaction financed by the loan secured <br />hen -h+• or tdt arising out of all causes iif action, whether accruing; h,•fore or after the date of this Deed of Trust, sounding in tort <br />or contract including causes ,fit, non fnr fraud or concealment of a material fact together with the settlements, proceeds, a- <br />wards and damages. direct and consequential, in connection therewith are hereby absolutely and irrevocably assigned and <br />.hall be paid to Beneficiary Beneficiary shall be entitled, at its tipltun, to commence. intervene in, appear in and prosecute in <br />its own name. any action or proceeding, ear to make any compromise or settlement, in connection with any such takingordam- <br />ogc Trustor agrees to extK•ute such further assignments of any compensation, award, damages. rights of action and proceeds <br />.11 ltenefiriury may require <br />All annrunt, received by Beneficiary pursuant In this Deed of Trust under any fire• or other insurance p,lu•v, in connection <br />tcath ,tin condemnation for public use of or injury to such property, for injury or danutg;e to such hereby are to heapplied atthe <br />opti,•n of Be•nelictary upon any indebtedness secured here•bv The .rp phcauon ust, r role :tseofsuc•h amount shall not cure or <br />+v:a+e tiny default or notice of default hereunder or invalidate array acct done pursuant to such notice <br />CONSENT, PARTIAL RECONVEYANCE, ETC.: Trustee may. at any time, or from time to time, without liability there- <br />for .end without notice, upon written request of Beneficiary, and without affecting the Itersonal liability of any person for <br />payment of the indebtedness secured hereby, ur the lien of this Deed of T, pon the remainder of such property fnr the full <br />amount of the indebtedness then or thereafter, secured hereby, or the right,. ,.: powers of the Beneficiary or theTrustee with re• <br />sprit to the remainder of such property, tar reconvey any part of such prop. rty, ,bt consent to the making of any mup or plat <br />thereof. (c) join in granting any easement thereon, or (di iout in any extensu t agrevement or any agreement subordinating the <br />lien or charge hereof. <br />FULL RECONVEYANCE That, upon written request of Beneficiary stawig that all ums secured hereby have been paid <br />end all obligations secured hereby hove been vntisfact„rtly performed. Trustoo- shall rri onvev. without warranty. theproperty <br />Own held hereunder. The ret :it:ds in such reconveyance of any matters of fact shall he cunt lustve proof of the truthfulness <br />ifivr of The grantee in such recmveyance may be designated as "the person or persons it -galiv entitled theret,i'. Such requests <br />and ret•onveyance shalt operate as a reassignment of the rents, income, issues and profits he•reinbefore assigned to the Bene- <br />lir ian' <br />Ril lli'1 TO Ct rl.1,EX-17 AND RECEI V V RENTS AND PROF HN. Notwithstunding; unv other provisions herr,if, heneficiary <br />hereby grants pe•rmtssuen to `rrustor to collect and retain the rents. income. issues and prolits of such propert y as they becoma <br />,tue and payable, but reserves the right to revoke such permission at any time, with or without cause, by notice in writing to <br />Trustor. matted to Trustor at his last known address. In any event, such permission to Trustor shall be automatically revoked <br />ujx,n default hereunder by Trustor <br />FINANCIAL INFORMATION Trustor will provide to beneficiary, within W dais ul the cluseofeach fiscal yearufTrustor, <br />it conrcr,hdatetl balance sheet and statement of earnings of Trustor and any and Lill guarantors of the obligations secured here - <br />hy and will provide and deliver to Beneficiary such other financial information and to such manner as Beneficiary may direct <br />!rum time to time. <br />FINANCIAL COVENANT 'Trustor shall comply with and shall cause tiny and all guarantors of the obligation secured <br />hereby to comply with, or he in compliance with, the following financial covenants: (This paragraph shall be non•applicable if <br />covenants and requirements, are not filled to below t <br />F', F'.N'iti e W l WFAI'I.T Any of the following events shall lie deemed an event of default hereunder <br />rti Dele +utl shall be made in the payment of any installment of principal or interest or any ether sum secured hereby when <br />due, or <br />Lfor 1'rusloo +hovld breach or other rise be tit default under env turn. c uvenant atjreonw,it , „ndttwn. pn,.iseon i ontained <br />It, r +•in or in .env buttiling imin agree :vent .,r m any other agn•rnit -ni sty urrd hereby or <br />. , At + reprerowot,tII, 4-v or , oven to In tit It, hereon on anti I.,.nl,io,,, ' ,,cr,•rmeiti ,r , , ,n. ,ether tigretetnenl secured hercb+ <br />.•.r, ;n e- von.•, tn.n hrrnw,th .., :,:no endehledne.•. ,,.•oun,4 ! :. ,., .h.,uid tin hu -e• , "­irmiing; ,.t <br />., !t lte a• ;,re ,. ., n-rt tact ntnt, -if rr ."If­ "I ­.IUe I_,n I, .•r ure.•tunt;, t,l•, ., ,!;(„r Ir ,hleun't "cn not t,4-•, m,llra <br />.., ,,. •:, ., ..r tnv! ,.1 � ', h,,,t,r �t c l rat ..,r :,. .toe a nor „ .. + rj,,,. , . .,,1. ... . ,.. , <br />„ity, rt wr;tank >i ,! ,nan,;!t. �„ t,.te an rlrhtx .t t: Shry rttdttrrn ,,.., a u„ s �,�n•n I'PI 'rut „r t , n•.ill•a+ ,! .,pieta !art :,r <br />,xw•n, Pill ! in'.- i .r r, i 4-r • It.•eler r,,r I -r r,l >ntitn z i . rl r , , c t .,. ,,, <br />. „ ,,..! .r -.1 >.. I . t,it, list it nil an .164- , .tut t . ,,. t r .,, i,. . t <br />