t 6- 105027
<br />6 Additional Lion: and Protection of SeneflciarVit Security. Truster shall make att payments of interest and principai and payments of any
<br />"that charges, fees and expenses contracted to be paid to any existing ilenholders or prior beneficiaries under any prior deed of trust or mor
<br />t: tpage before the date thev are delinquent find prpmpity pay and dis ^_herge any antl a!€ other '3e ^s.. c :axis c,,- " %a /g£s which may jeopardize tyre
<br />security granter# heteim If Trustor fails to make any such payment or fails to perform any of the Covenants and agreements contained in this
<br />- Deed of Trust, or in any prior mortgage or deed of trust, or if any action or proceeding Is commenced which materially affects Beneficiary's in-
<br />n latest in the Property, including, but not limited to, eminent domain proceedings. or proceedings involving a decedent, OF if Trustor faits to pay
<br />F Trustoe's debts generally as they become due, then Beneficiary, at Beneficlary's option and without notice to OF demand upon Trustor and
<br />without releasing Trustor from any obligation hereunder, may make such appearances. disburse such sums, and take such action as is
<br />necessary to protect Beneficiary's interest, including, but not iimited to, disbursement of reasonable attorney's fees, payment, purchase, corn-
<br />test or compromise of any encumbrance, charge or lien, and entry upon the Property to make repairs. In the event that Trustor shall fail to
<br />procure insurance or to pay taxes, assessments, or any other charges or to make any payments to existing prior lien holders or beneficiaries. -
<br />Beneficiary may procure such insurance and make such payment. Any amounts disbursed by Beneficiary pursuant to this Paragraph 6 shalt
<br />become additional indebtedness of Trustor secured by this Deed of Trust. Such amounts shalt be payable upon notice from Beneficiary to
<br />- - Trustor requesting payment thereof, and shall bear interest from the date of disbursement at the rate payable from time to time on otrtstandfng -
<br />- principal under the Note unless payment of interest at such rate would be contrary to applicable law, in which event such amounts shall bear in-
<br />terest at the highest Tate permissible under applicable Jew. Nothing contained in this Paragraph 6 shall require Beneficiary to incur any expense
<br />or take any action hereunder. - -
<br />7. AMlynmant of Rent". Beneficiary shall have the right, power and authority during 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 taking possession of the praper±y affected
<br />hereby, and Trustor hereby absolutely and unconditionally assigns all such rents, issues and profits to Beneficiary. Beneficiary, however- hereby
<br />consents to the Trustor's collection and retention of such rents, issues and profits as they accrue and become payable so tong as Trustor is Flat,
<br />at such time. in default with respect to payment of any Indebtedness secured hereby, or in the performance of any agreement hereunder. Upon -
<br />- any such default. Beneficiary may at any time, either in person, by agent. or by a receiver to be appointed by a court, without notice and without
<br />regard to the adequacy of any security for the Indebtedness hereby secured, jai enter upon and take possession of the Property or any part .
<br />thereof. and in its own name sue for orotherwise collect such rents, issues and profits. including those past due and unpaid, and apply the same.
<br />less costs and expenses of operation and collection. including reasonable attorneys fees, upon any indebtedness secured hereby, and in such
<br />order as Beneficiary may determine: (b) perform such acts of repair or protection as may be necessary or proper to conserve the value of the
<br />Property: (c) lease the same or any part thereof for such rental, term, and upon such conditions as its judgment may dictate or terminate or ail-
<br />just the terms and conditions of any existing lease or leases. Unless Trustor and Beneficiary agree otherwise in writing. any application of rents.
<br />- Issues or profits to any indebtedness secured hereby shall not extend or postpone the due date of the Installment payments as provided in said
<br />Promissory note or change the amount of Such installments, The entering upon and taking possession of the Property, the collection of such
<br />rents, issues and profits. and the application thereof as aforesaid, shall not waive or cure any default or notice of default hereunder, or invalidate :
<br />' any act done pursuant to such notice. Trustor also assigns to Beneficiary, as further security for the performance of the obligations secured -
<br />hereby. all prepaid rents and all monies which may have been or mfav hereafter be deposited with said Trustor cy any lessee of the Property, to
<br />- secure the payment of any rent or damages, and upon default in the performance of any of the provisions hereof, Trustor agrees to deliver such -
<br />rents and deposits tc Benefi ;arv- Delivery of written notice of Beneficiary s exercise of the rights granted herein„ to any tenant occapy - -nd said
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<br />premises shall be sufficient to require said levant to pay said rent to the Beneficiary until further notice - - -
<br />- 8. Candalnnatioa. It title to any part of the Properly shall betaken in condemnatioor, proceedings, try right of emrnerll domain or similar action;._
<br />or shalt be SOIL under threat of condemnation. all awards. damages and proceeds are hereby assigned and snail be Paid to Beneficiary who shall
<br />apply such awards, damages and proceeds to the sum secured by this Deed of Trust, with the excess. it any, paid to T rustor. If Trustor receives .
<br />any notice or other information regarding such actions or proceedings. Trustor shall give prompt written notice ttxereof to Beneficiary, -
<br />Beneficiary shall be entitled, at its option, to commence, appear in and prosecute in its own name any such; action or proceedings and shall be
<br />entitled to make any compromise or settlement in connection with am such 8etion or proceedings.
<br />9. RO nedba Not Exrivafne. Trustee and Beneficiary, and each of them. shall be entitled to enforce payment and performance of any mdebred-
<br />nes9 of obligations secured hereby and to exercise ail rights and powers under this Dead of Trust or under any other agreement executed in con-
<br />. notion herewith or any laws now or hereafter in force. not - withstanding some or all of the such indebtedness and otxgattarts secured hereby _
<br />- incy now or hereafter be otherwise secured- whetfter by mortgage, dead of trust pledge, lien, assignment or otherwise. Neither the acceptance
<br />- of this Deed of Trust nor its entorcernent whether by court actton or pursuarn to the power of sale or other powers nereln contained, shah
<br />Prejudice or in any manner affect Trustee's or Beneficiarys "Of !a realize upon or aniforce any other security now of hereafer held by Trustee or
<br />Beneficiary, it being agreed that Trustee and Beneficiary, and each of them, shalt be entitled to enforce this Deed of Trust and any other security-
<br />. now or hereatter held by Beneficiary or Trustee in such order and mannar as They or ettharof them may in their absolute discretion derterrnine- No
<br />remedy herein conferred upon or reserved to Trustee or Beneficiary is intended to be exclusive, of any other remedy.herean or by law pxtavlGed or
<br />- - - permitted, but each shall be cumulative and shall be in addition 10 every other remedy given hereunder or now or hereatter existing at law or m _
<br />- - e0uily or by statute. Every poet or remedy provided.hereunder this Deed of Trust to Trustee or Beneficiary or to which arly'feir- of them may be
<br />otherwise entitled, may be exercised. concurrently.or independently, from, time to time and as often as may be deemed expedient by Trustee or
<br />- Beneficiary and either of them may pursue 'inconsistent remedies. Nothing herein sha €i be construed as prohibiting Beneficiary from seeking a
<br />deficiency judgment against the Trustor to the extent such action is permitted by Taw.
<br />Tranater of the Proportr, Assumption. if ail or any part of The property or any interest therein is sots, transferred or caimveyed by Trustor
<br />without Beneficiary 's prior written consent, exciuding gal the creation of a lion Of encumbrance subordinate to this Demos of Trust lbl the craaton
<br />of a purchase money security interest for household appliances, ici a transfer by devise, descant of by operation of law, upon the death of a form -
<br />,erlanl or (d) the grant of any isasehold interest . "t three years or less not containing an option to purchase, Beneficiary may, at Beneficiary's op- :
<br />lion. declare ail the sums secured by Ih15 Deeo of Trust to tie rmme'U'Wen due and pavata €e of cause fine Trustee to file a nonce of default
<br />Beneficiary shall have waived such option to accelerate if. prior to the safe. Transfer or conveyance, Beneficiary and the person to whom trig
<br />Property is to be soil or transferred reach agreement �n wr'Iing that the crediT of such person is satisfactory 10 Beidbiciary and r, W ttfa
<br />interest payable on the sums secured by this Deed of Trust shall be at suet rate as Bersettc *any shah request,
<br />'t AcgrNrathm upon Default, Remwdlq; Sale. Upon default by Trustor in the payment of or performance of the terms and zoodirtons of the
<br />Note. Dr any renewals, modifications or exten=sions ihereo'f, or the payment of any other indebtedness Secured htereby or in the pertorrr'.:ance of
<br />any o' the covenants or agreements hereunder. Beneficiary may declare at+ sums secured hereby immediately due and payable and ilia same
<br />shaft earaU written Declae due f d payable wily prasentrnant, aernand, protest or notice of any fund. Thereafter- Beneficiary "nay de3fve.r to
<br />Trustee a wrrtl9n declaration of Oefau "rt and demand for sale Trustee snail have ttie power of sale of the Property and if Beneficiary da:ioes the
<br />Property is to be soil it snail deposit with Trustee this Deed of Trust and the Note or notes and any other documents evidencnig expenoawes
<br />secured hereby, and shall deliver to Trustee a written notice of default and election to cause The Properly to be sold, and Trustee, in turn. shah
<br />. prepare a similar notice in the form required by law wnicn shall be ouiy filed for record by Trustee. -
<br />is) After the lapse of such :,rne as ray be required by is* following the racordaito= of Nafice of Default. and Nets a of Default anc t- loTice of
<br />Saie having been ;liven as required Dy taw, Trustee, without demand on Trustor, shall sell Ine Property in one or more parceis anc in such order
<br />as Tiuslor may Determine or. The date and a'. Vie time and place designates 11 Sam Notice of Sale, at put), rc auct"on tp Ine t...grieest Diode*, fine
<br />purchase price payable in cash �n iawfw money �f the Untied States at Ine v a of sate- The person conducting the sale may, tar any cause he or
<br />she deems expedient, postpone me sa +e from time to lime nt.i it snai: ire compietae and, in every such case notice of lxas• :pprtarrcenE snail be
<br />given ay piratic oeciarafron ?hereof by such parson at sue s and pace aS1 appointed fa the safe. provided. if The sale is posiponec for €onger
<br />Shan. one fill day beyond The day designated in the fvottce of Sale., notice thereof snati oe given in tine same manner as the origin": Notice cf Saie
<br />Trustee shaft execute and oeitver to the purchases its ;"cnvey:,.p, =tie PrOper°ly so sold, but without any covenant or warranty express, or
<br />broued The recitals in line Deed of any miners of facts Shall � „�,« � � v' ;t-„= t`s ;h`ulr ss t+sereol Any .e. -sue, . -^ '~iJO ;ng wt•nuv:
<br />firF+italion Beneficiary or ?rusted. may purchase at the sale
<br />ibj When 1 rustee sells purs"ni to the powers harein, 'Tusfee sna ;; apply `tie proceeds or -,ire sale to payment of the ccri -s ars= exi:+f3.1.ses c.c
<br />;xeFcising I" power of sale and of trie sale, mciuoing, w+ithoul limilaticin. tine payment of Trustees Fees incurred, w'.iicit Trustee s I=eeB Shall r,,,!
<br />In the aggregate exceed the following amounts based upon The, amount, secured hereby and remaining unpaid. 5 perce^.rum oi? the ba ;.anc ;0
<br />tt "OOf and :hen t0 the rlam-S set forth in suoparagraph ic) hereof in the order fnefew stated
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