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IT iS MI-M. DALLY AGREED THAT: 86-105121
<br />dthis rust in any at- tionorprrq led ingpurportingtoat7ertsuch3 #mprrty,whythrrnrrzi,t°
<br />1.11 It; ATJ iN.Trustnr.halIdefen '
<br />it :iI)ett the se•runty hereof, ter purporting to affmt the rightcor Ixhwers of leneficiary of Truster. and shed) ile and pmserusc
<br />:.II owes ary claims and union. to prevent or recover ror:#nv damage to or destruction of surh protierty, and either 'rrustec or
<br />(w•rc•iiriary is hereby authorized, without oldigairnn so to do. tit commence-, alils:u in or defend any such aetitxh, whether
<br />hr tight Iiv or attains€ Trusbm Bvi e ficiary or Truster or with tie wiNulut suit. lei rxr =rise rirrnfioree anv other right, remedy ar.
<br />power os oilable or conferred hereunder, whether or not judgment he entered in any action or proceeding: and Trustnr ter Hene
<br />fiviary i nay appear or intervene in any action iir proceeding, and retain counsel therein: and take such action therein, as, either
<br />only Ix• advised and may settle, compromise or pay the same or any other rlaimss and- in that behalf and for any ref said par-
<br />p5"i,;, mo y expend and advance such sums of money as either may deem neeeissit". Whe Cher or not Trustor so appears or de-
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<br />fi nds, Trumoron demand shall pay all costs and expenses cif fitneficiary and Trustee. including crist of evidence oftideand • .
<br />tiers in :h tr:tsrinahle soot. in any such action or pr l-veding in which Reneta iary or Truster may appear by virtue of
<br />!wing made a tuirty defendant tit otherwise and irrsjxrtiveo fwhethertheintrnestof Renefici.irvnr7'rtmteein suchproperty is
<br />directly questioned by such action, including but not limited to• :my action for the foreclosure of, or 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 heed of Trust.
<br />CONDEMNAT1W All sums due, paid or payable to Truster, t any successor in interest of Trustor, whether byway of
<br />judgment. settlement or otherwise, fa) for injury or damage to such property, or ibl in ninrlection 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 />herrhv or id) arising out of all causes of action, whether accruing before or after the date of this feed cif Trust, sounding in tort
<br />,w contract, including causes of action for fraud or concealment of a material fact together with the settlements, proceeds, a -,
<br />wards and damages, direct and consequential, in connecti(m thert -with are hereby abw4utdv and irrevocably assigned and
<br />.hall he paid to Beneficiary, Beneficiary, shall be entitled. at its option to commence. intervene in• appear in and prosecute in..
<br />°its itwn name. any action or prx•eeding, or to make any compromise or settlement, in connection with any such taking ordain-
<br />:agv Tnt,,tor agrees to execute such €urther a- mignmentso€:my compensation• award. damages, rights of action and proceeds
<br />its Beneficiary may require.
<br />• All amaunto received by Beneficiary pursuant to this Deed ofTrust under any -fir• or ot1wr Insurance policy.. in connection - -
<br />"' with flnv titndemnation for public use of ter injury to such property. fire injury or damage' to,-uch hereby are to tee applied at thr
<br />„tit om of Beneficiary` upon any indelitedneRR secured hereby_ The application, use or r'le.Re ofsuch amount shall notraIe.t4r
<br />ivaive• :env default or notice of default hereunder or invalidate any act done pursuant ere such notice
<br />CONSENT, PARTIAL RFXONVEYANCE, i-M.: Trustee may. at any time, or from time to time, without liability there-
<br />for, and without notice, upon written request, iif Beneficiary, and without affecting the personal liability of any -person for
<br />payment of the indebtedness secured hereby, or the lien of this, Iked of Trust upon the remainder of such property for the full
<br />amount of the indebtedness then or thereafter, secured hereby, or the rights or powers ofthe Beneficiary orthelfrusteewith re-
<br />Vert W the remainder of such property, (a) reconvey any part of such property. fb) consent to the making of any mapor plat
<br />tluretiC (c) join in granting anv easement thereon, orid) join in an cictcnsiats agreement or any agreement subordinating the '
<br />a
<br />heel or charge hereof.
<br />$ j�j;
<br />FU U. RECONVEYANC K That, upon wri tten request of Beneficiary stating that all ums secured hereby have teen paid
<br />and all obligations secured hereby have been satisfactorily pert irm d.Tru atie shall r•ti,tivey, without warranty. the property
<br />f
<br />rhea held hereunder. The recitals in such reconveyance of any matters of fact shall he x imclusive proof of the truthfulness
<br />sleet s,t. -Me grantee in such reconveyance may be designated as-the person or persons liegallytintitled therein", Such requests
<br />still r+•tmveyarx•a shall operate as a reassignment of the rents, income, issues and'profit.• hereinbefore nssigned to the Bent-
<br />j
<br />RIi.!1TTOCt)I.UX T AND RECEIVE RENTS AND PROF]IN: Notw• ithsta ndinguny. itherpmvisjonshrreof,Watificialy "
<br />Iscrehy grants permission to Trustor to collect and retain the rents. incirtne, issues and pnrtith cif ruck property as thevbetome
<br />due and payable. but reserves the right to revoke such permission at any time, with or without tartar by notice in writing to
<br />Trustor, mailed to Trustor at his last known address. In any event, such permission to Trustier shall be autometicaRv revoked
<br />upon default hereunder by Trustnr.
<br />FINANCIAL INFORMATION: Trustor will provide to Beneficiary, within .90 days of the c eseof each fiscal yearefTrustor.
<br />a cone:tifidated balance sheet and statement of earnings ofTrvsta,r and any and all guarantors of the obligations secured here-
<br />liy and will provide and deliver to Beneficiary such other financial information and in such manner as Beneficiary may direct
<br />From time to time -
<br />FINANCIAL COVENANT: Trustor shall comply with and shall cause any and all guarantors of the obligation secured
<br />hereby to comply with, or he in compliance with. the following financial covertanuc'This paragraph shall be non - applicable if .
<br />owl-nants and requirements are not filled in below-1
<br />EVVNTS 01' DFFALTLT� Any of the following events shall be deemed an event of default hereunder
<br />tat ltefault shall he made in the payment of any installment of principal or interest for any other seen secured herby when .
<br />dur: 4W
<br />ib4Truslor .hnuId breach or otherwise he in default under any term.. ovcnant. agreernent, oindition. or provision i-on tai
<br />therein or in :5ny hu !ding loan agrewment or in »ov other agrrrmrnt secured hereby; or
<br />err Anv n-prt— tit.iron tit t'.rvenont made hurry in :ray i.uihiing l—tn irkreemant, nr iit -,nt ether agreement svvurvil hercbv
<br />n in •••nr,z tins hrrcwhlh ter Hn4 aidebteelnrer+ owt unvl hembt +bould be Will- i', medeading, or
<br />hill s t# trilUrr{ i, WrinAetili !it Keette'T1'd,lil }i53 #tl5ril ,fir ial' ti {U1ht- t ;ii- ..Si #�ri,tf+[I {t'lr tcitibt�iha fS ltCn rli!{ln•; ;]13ISC�j
<br />ifrn "Ff. "toe'e •41 — Litt M oto itprnla4•ov, `t`rinitA,r w anA' guitfo 1liu •,i 0w 141811i"inY•3!i ,Iriol hry- 0,% 'hill! iw+# ,ow 3 nS?,lvew
<br />- -- _ .i. rml to A rgnnit it 4l""Wist4 Us p+.v Ito dablA9 aN they mutatr, it tnallr inn mortim nnhFnl tit, the t*eriefit nl rrvviitx rs sr apil# fi tr
<br />- rot i,*. nt t" 11#e "j i- intmeot <d it t,'t'esv4r or trutl" (tit it tit fist a outtotano"I tisrt /if btu[ li pfitl,ert V, "P kti *, h sY`trer
<br />-.. at_,dl i,. .le -w-1 1 -, 1 0,411 r,cf 1, ,pits. -h Hi/l.d _111tio thtr 1, ;'U)) 4H4:e7 .Otr3' apik.i tYEt,FF -tit- •'t
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