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4. Remedies Not Exclusive. Trustee and Beneficiary. and each of them, shall be entitled to enforce payment and performance of any <br />indebtedness or obligations secured hereby and to exercise all rights and powers under this geed of Trust or under any other agreement executed tin <br />connection herewith or any laws now or hereafter in force, notwithstanding some or allot the such indebtedness and obligations secured hereby may <br />now or hereafter be otherwise secured. whether by mortgage, deed of host, pledge, lien, assignment or otherwise. Neither the acceptance of this <br />Deed of Trust nor its enforcement whether by court action or pursuant to the power of sale or other powers herein contained. shall prejudice or in any <br />manner affect Trustees or Beneficiary 's right to realize upon or enforce any other securty now or hereafter held by Trustee or Beneficiary. it being <br />agreed that Trustee and Beneficiary, and each of there, shah be entitled to enforce iris Deed of Trust and any other security now or hereafter held by <br />Beneficiary or Trustee in such order and manner as they or either of them may n then absolute discretion determine. No remedy herein conferred <br />upon or reserved to Trustee or Beneficiary is intended to be exclusive of env other rrmeuy herein or by law provided or permitted, but each shah be <br />cumulative and shall be in addition in every other remedy given hereunder or now or hereafter eslstiog at law or in equity or by statute. Every power or <br />remedy provided hereunder this Deed of Trust to Trustee or Beneficiary or to which euber of them may be otherwise entitled, may be exercised. <br />roncurrentiy or independently, from Time to time and as often as may be deemed expedient b•; Trustee or Beneficiary and either of them may pursue <br />mcoasisteni remedies. Nothing herein shall be construed as prohibiting Benefi.aary from socking a deficiency judgment against the Trustor m the <br />extent such action :s permitted bylaw. <br />86- 104093 <br />without Benefi(-.ary s prior written consent excluding i,a) the creation of a hen or encumtnrar,ce subonhnaw to this Deed of Trust (b) the creation nit a <br />6 AdditianalI tens and Prorectlon or Renehcrary s Security . Trustor shall make ail pav?ents of interest and pnncipaland payments of any other <br />charges, fees and expenses contracted to be paid to any existing hen holders or prier Denefic,anes ender any prior deed of crust or mortgage before <br />B,, <br />the date they are delinquent and promptly pay and discharge any and all other Liens. Balms or charges which may jeopardize the security granted <br />herein. If Trustor fads to make any such payment or fails to perform any of the covenants and agreements contained in this Deed of Trust. or in any <br />prior mortgage or deed of trust, or it any action or proceeding is commenced which materially after:;:; Beneficiary -s interest in the Property. including. <br />but not limited to, eminent domain proceedings -. or proceedings involving a decedent. or it Trustor faits to pay Trustor's debts generally as they <br />become due, then Beneficiary, at Beneficiary 's option and without notice to or demand upon Trustor and without releasing Trustor from any <br />obligation hereunder, may make such appearances. disburse such sums and take such action as is necessary to protect Beneficiary 's interest, <br />including, but not limited to, disbursement of reasonable attorney's fees. payment. purchase, contest or compromise of any encumbrance, charge or <br />lien, and entry upon the Property to make repairs. In the event that Trustor shall fad to procure insurance or to pay taxes, assessments, or any other <br />- charges or to make any payments to any existing prior lien holders or beneficiaries, Beneficiary may procure such insurance and make such payment. <br />Any amounts disbursed by Beneficiary pursuant to this Paragraph A.6 shall become additional indebtedness of Trustor secured by this Deed of Trust. <br />Such amounts shall be payable upon notice from Beneficiary to Trustor requesting payment thereof, and shall bear interest from the date of <br />, <br />disbursement at the rate payable from time to time on outstanding principal under the Note unless payment of interest at such rate would be contrary <br />to applicable law, in which event such amounts shall bear interest at the highest rate permissible under applicable law. Nothing contained in this <br />'. <br />• Paragraph A.6 shall require Beneficiary to incur any expense or take any action hereunder <br />B. IT IS MUTUALLY AGREED THAT <br />1. Assignment o /Rents. Beneficiary shall have the right. power and authority Bum -y the continuance of this Deed of Trust to collect the rents, <br />issues and profits of the Property and of any personal property located thereon with or without raking possession of the property affected hereby, and <br />` <br />Trustor hereby absolutely and unconditionally assigns at! such rents, issues and profits to Beneficiary. Benefiriary, however, hereby consents to the <br />Trustor's collection and retention of such rents. issues and profits as they accrue and become payable so long as Trustor is not, at such time, in default <br />with respect to payment of any indebtedness secured hereby, or in the performance of any agreement hereunder. Upon any such default. Beneficiary <br />may at any time. either in person, by agent, or by a receiver to be appointed by a court. without notice and without regard to the adequacy of any <br />security for the indebtedness hereby secured. jai enter upon and take possession of the Property or any part thereof, and in its own name sue for or <br />otherwise collect such rents. issues and profits. including those past due and unpaid. and apply the same. less costs and expenses of operation and <br />collection, including reasonable attorneys tees, upon any indebtedness secured hereby, and in such order as Beneficiary may determine; (b) perform <br />such acts of repair or protection as may be necessary or proper to conserve the value of the Property; (c) lease the same or any part thereof for such <br />rental, term, and upon, such conditions as its judgment may dictate or terminate, or adjust the terms and conditions of existing leases. Unless Trustor <br />'. <br />and Beneficiary thereof agree otherwise in writing, any application of rents, issues or profits to any indebtedness secured hereby shall not extend or <br />postpone the due date of the installment payments as provided in said promissory note orchange the amount of such installments. The entering upon <br />; <br />i <br />and taking possession of the Property, the collection of such rents. issues and profits, and the application thereof as aforesaid. shall not wave or cure <br />any default or notice of default hereunder or Invalidate any act done pursuant to such notice Trustor also assigns to Beneficiary, as further security for <br />_ <br />the performance of the obligations secured hereby, all prepaid rents and all monies which may have been or may hereafter be deposited with said <br />Trustor by any !essee of the Property, to secure the payment of any rent or damages. or upon default m the performance of any of the provisions <br />hereof. Trustor agrees to deliver such rents and deposits to Beneficiary . Delivery of written notice r,f Beneficiary s exercise of the rights granted <br />herein. to any tenant occupying said premises shall be sufficient to require said tenant to pay rent to the Beneficiary until further notice. <br />2. Condemnation. If title to any part of the Property shall be taken in condemnation proceedings by right of eminent domain or similar action. or <br />shall be sold under threat of condemnation. ail awards. damages and proceeds are hereby assigned and shall be paid to Beneficiary who shall apply <br />such awards, damages and proceeds to the sum secured by this Deed of Trust, with the excess. if any. paid to Trustor. If Trustor receives any notice or <br />othennformatton regarding such actions or proceedings. Trustor shall give prompt written notice thereof to Beneficiary . Beneficiary shall be entitled, <br />at its option. to commence. appear in and prosecute r-: Is own name any such action or oroceedings and shall be entitled to make any compromise or <br />- <br />but <br />settlement in connection with any such action or proceedings, <br />3. Future Advances. Upon request of Trustor. Beneficiary at Beneficiary option prior to reconvevance of the Property to Trustor, may make <br />fi <br />future advances to Trustor. Such future advances, with interest thereon, shall be secured by this Trust Deed when evidenced by promissory notes <br />`E <br />. <br />stating that said notes are secured hereby; provided that at no time shall the secured principal, future advances. not including sums advanced to <br />, <br />protect the security, exceed Two Hundred percent (200%) of the original principal amounts secured hereoy. <br />4. Remedies Not Exclusive. Trustee and Beneficiary. and each of them, shall be entitled to enforce payment and performance of any <br />indebtedness or obligations secured hereby and to exercise all rights and powers under this geed of Trust or under any other agreement executed tin <br />connection herewith or any laws now or hereafter in force, notwithstanding some or allot the such indebtedness and obligations secured hereby may <br />now or hereafter be otherwise secured. whether by mortgage, deed of host, pledge, lien, assignment or otherwise. Neither the acceptance of this <br />Deed of Trust nor its enforcement whether by court action or pursuant to the power of sale or other powers herein contained. shall prejudice or in any <br />manner affect Trustees or Beneficiary 's right to realize upon or enforce any other securty now or hereafter held by Trustee or Beneficiary. it being <br />agreed that Trustee and Beneficiary, and each of there, shah be entitled to enforce iris Deed of Trust and any other security now or hereafter held by <br />Beneficiary or Trustee in such order and manner as they or either of them may n then absolute discretion determine. No remedy herein conferred <br />upon or reserved to Trustee or Beneficiary is intended to be exclusive of env other rrmeuy herein or by law provided or permitted, but each shah be <br />cumulative and shall be in addition in every other remedy given hereunder or now or hereafter eslstiog at law or in equity or by statute. Every power or <br />remedy provided hereunder this Deed of Trust to Trustee or Beneficiary or to which euber of them may be otherwise entitled, may be exercised. <br />roncurrentiy or independently, from Time to time and as often as may be deemed expedient b•; Trustee or Beneficiary and either of them may pursue <br />mcoasisteni remedies. Nothing herein shall be construed as prohibiting Benefi.aary from socking a deficiency judgment against the Trustor m the <br />extent such action :s permitted bylaw. <br />5. Transterof tfre Property. Assumption If all or any part of the property or interest therein is sold transferred or otherwise conveyed by Trustor <br />without Benefi(-.ary s prior written consent excluding i,a) the creation of a hen or encumtnrar,ce subonhnaw to this Deed of Trust (b) the creation nit a <br />purchase monev secunly interest for household apphani,es, Ica a transfer bN devise, descent or by opetalu- of jaw upon the death of a joint tenant or <br />(di ibe grant rj! any leasehold merest of three Years or less not contammy an opt on to purchase. such :,ion .s a breach of this agreement, and <br />- <br />Renefto ,, rnay. .t Benehciany s iphoo, declare all the sums secured by this Deed of Trust to oe —medtan ly due and payable, or cause the trustee to <br />file a Ponce of defaull Benehclary shall have waived such option to accelerate If prior to the sale transfe, or conveyance. Beneficiary and the person <br />to whnn, the property is t;, be soin, or transferred reach agreement m writing that the rleclit of s .. p.ors;rn. �s satistactory to Beneficiary and that the <br />Irdete St payable or the sums secured by '•his Deed of Trust shall be it such rate as BenPh pry tali redlue,t <br />6. Acceleration upon Default, Remedies, Sale The failure by the Trustor to make any payment or to perfoirn any of the terms and conditions of <br />the Note. or any renewals. modifications or exiensions thereof, or the payment of any other Indebtedness secured hereby or in the performance of <br />any of the covenants or agreements hereunder shall be a breach of this agreement and the Beneficiary may declare a default and may declare at; sums <br />sec gyred hereby mraedfiately due and payable and the same shall thereupon hecorne due and pan ab e —Ihd t ptesanhneni demand protest or nnt.re <br />of any kind- Tnereaher. Benehd, err rnav de:rver to Trustee. a written de last r_, of default anti :iemnndi for at_ T •Alto agrees and hereby yranTS Thai <br />the Trustee sr,o! trave the powe: of sale oI the Property and I B— cf,c-ary d_ - 5. s t Pr ,pelt, t— s -,� i _ . ,ail de o x, "Th r..,t � ins D"r, w <br />Tnist and the Note or notes and any ,the, documents evidencing expendnures 3ccure t h-ob, -_nit sha;i o, .r t to T •ustee a yr tt ..robe:• of delau.t <br />, <br />r <br />and eecUOn to ,austt the Property t o be soid and i_•ustee P' •um shall Pre page a t �.ia� r' ,' _ r if "! tit' _7 ; P. t P, ''. a'.v wh y P shad t- h,•y tiled <br />for ec I by Trustee <br />s 5 i_._ l i f 6, .f •v t <br />- ;.Ile• r 1 pse... <br />i e.. .r, r v d. ,, .. ._ i.. ..r ✓� ,tic,. <br />Sale h �. y✓ y � ,}� � 1 L a,ti. T astee � on a�, � i �,) e s a <br />.late lino it,,, • .nP a!"! n_' :fe 'dY.. _ ... s a .. iV�.t �. .ale r�U = .... r �. the h.q <br />t,_ill r l' p:', :Y: s., l!", e Ilayibje n.oney f, _ :tit P. . \ i.e1 a' th, .. t . hr }! 5., '. i) id . Slit 'tit <br />` <br />