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S. AAdNloael LMM mW Protection of lsemfM:lary's securtty. Trustor shall make all payments of interest and principal and payments of any <br />other charges, fees and expanses contracted to be paid to any existing ilenholders or prior beneficiaries under any prior deed of trust or mor. <br />T" tgage before the data they are delinquent and promptly pay and discharge any and all other liens, claims or charges which may jeopardize the <br />0 security granted herein. If Trustor fails to make any such payment or falls to perform any of the covenants and agreements contained in this <br />O 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 />terest a the Property, including, but not limited to eminent domain proceedings, or proceedings Involving a decedent, or If Truster falls to pay <br />Trustee's debts generally from they become due, h an Beneficiary, at Beneficiary's option and without notice to or demand upon Truster and <br />0 <br />without releasing Truster from shy Obligation hereunder may make such appearances, disburse such sums, and take such action as Is <br />0 necOssary to protect 8eneficlary's Interest, including, but not limited to, disbursement of reasonable attorney's fees, payment, purchase, s 15 <br />test or compromise of any encumbrance, charge or lion, 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 <br />j Beneficiary may procure such insurance and make such payment. Any amounts disbursed b Beneficiary prior lien holders or beneficiaries. <br />in become additional indebtedness of Trustor Secured by this Deed of Trust. Such amounts shall be Payable upon ti this Paragraph 6 shall <br />Trustor requesting payment thereof, end shall bear Interest from the date of disbursement at the rate payable from time to time l0 me on outfatanding <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 />tereet at the highest rate permissible under applicable law. Nothing contained in this Paragraph 6 shall require Beneficiary to incur any expense <br />a take any action hereunder. <br />7. AeelBttmeMof Rents Beneficiary shall have the right, power and authority during the continuance of this Dead 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 property affected <br />hereby, and Trustor herby absolutely and unconditionally assigns all such rents, Issues and profits to Beneficiary. Beneficiary, however, hereby <br />consents to the Trustor'a collection and retention of such rents. Issues and profits as they accrue and become payable so long as Trustor Is not, <br />at such time, In default with respect to payment of any Indebtedness secured herby, 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, (a) enter upon and take possession of the Property or any part <br />thereof, and in Its own name sue foror otherwise 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) 1"" the same or any part thereof for such rental, term, and upon such conditions as its judgment may dictate or terminate or ad- <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 10 such notice. Trustor also assigns to Beneficiary, as further security for the performance of the obligations secured <br />hereby, ail prepaid rents and all monies which may have been or may hereafter be deposited with said Trustor by 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 to Beneficiary. Delivery of written notice of Beneficiary's exercise of the rights granted herein, to any tenant occupying said <br />premises shall be sufficient to require said tenant to pay said rent to the Beneficiary until further notice. <br />8. COndmw atimL If title to any part of the Property shall be taken in condemnation proceedings, by right of eminent domain or similar action, <br />or shall be sold under threat of condemnation, all awards, damages and proceeds are hereby assigned and shall 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 Trustor. If Trustor receives <br />any notice Or other information regarding such actions or proceedings, Trustor shall give prompt written notice thereof to Beneficiary. <br />Beneficiary shall be entitled, at its option, to commence, appear In and prosecute in its own name any such action or proc <br />entitled to make any compromise or settlement in connection with any such action or proceedings. eedings and shall be <br />0. AMMMM Not Exclui lw. Trustee and Beneficiary, and each of them, shall be entitled to enforce payment and performance of any indebted- <br />ness or obligations secured hereby and to exercise all rights and powers under this Deed of Trust or under any other agreement executed in con- <br />nection herewith or any laws now or hereafter In force. not- withatanding some or all of the such indebtedness and obligations secured hereby <br />may now or hereafter be Otherwise secured, whether by mortgage, deed of trust, pledge, lien, assignment or otherwise. Neither the acceptance <br />of this Deed Of Trust not Its enforcement whether by court action or pursuant 10 the power of sale or other powers herein contained, shall <br />prejudice or in any manner affect Trustee's or Beneficiary's right io realize upon or enforce any other security now or hereater held by Trustee or <br />Beneficiary, it being agreed that Trustee and Beneficiary, and each of them, shall be entitled to enforce this Deed of Trust and any other security <br />now or hereafter hold by Bensf ciary or Trustee in such order and manner as they or either of them may In their absolute discretion determine. No <br />rsm*dy herein conferred upon or reserved to Trustee or Beneficiary is intenued to be exclusive of any other remedy herein or by law provided or <br />Permitted, but each shall be cumulative and shall be in addition to every other remedy given hereunder or now or hereafter existing at law or in <br />equity or by statute. Every power or remedy provided hereunder this Deed of Trust to Trustee or Beneficiary or to which either of them may be <br />otherwise entitled, may be exercised, concurrently or independently, from time to time and as often as may be deerned expedient by Trustee or <br />Beneficiary and either of them may pursue Inconsistent remedies. Nothing herein shall be construed as prohibiting Beneficiary from seeking a <br />deficiency judgment against the Trustor to the extent such action is permitted by law. <br />10. Transfer of the Property' Assumption if all or any part of the property or any interest therein is sold, transferred or conveyed by Trustor <br />without Beneficiary's prior written consent, excluding (a) the creation of a lien of encumbrance subordinate to this Deed of Trust. (b) the creation <br />Of a purchase money security interest for household appliances, (c) a transfer by devise, descent or by operation of law upon the death of a joint <br />tenant or (d) the grant of any leasehold interest of three years or less not containing an option 10 purchase, Beneficiary may, at Beneficiary's op- <br />tion, declare all the sums secured by this Deed of Trust to be immediatety due and payable. or cause the Trustee to file a notice of default. <br />Beneficiary shall have waived such option to accelerate if, prior to the sale, Transfer or conveyance, Beneficiary and the person to whom the <br />property is to be Sold or transferred reach agreement in writing that the credit of such person is satisfactory to Beneficiary and that the <br />interest payable on the sums secured by this Deed of Trust shall be at such rate as Beneficiary shall request. <br />11. Accaeleratim upon Default; Reruedies; Safe. Upon default by Trustor in the payment of or performance of the terms and conditions of the <br />Note, or any renewals, modifications or extensions thereof, or the payment of any other indebtedness secured hereby or in the performance of <br />any of the covenants or agreements hereunder, Beneficiary may declare all sums secured hereby immediately due and payable and the same <br />shall thereupon become due and payable without presentment, demand, protest or notice of any kind. Thereafter, Beneficiary may deliver to <br />Trustee a written declaration of default and demand for sale. Trustee shall have the power of sale of the Properly and if Beneficiary decides the <br />Property is to be sold It shall deposit with Trustee this Deed of Trust and the Note or notes and any other documents evidencing expenditures <br />secured hereby, and shall deliver to Trustee a written notice of default and election to cause the Property to be sold, and Trustee, in turn, shalt <br />Prepare a similar notice In the form required by law which shall be duly filed for record by Trustee. <br />(a) After the lapse of such lime as may be required by law following the recordation of Notice of Default, and Notice of Default and Notice of <br />Sale having been given as required by law, Trustee, without demand on Trustor, shall sell the Properly in one or more parcels and in such order <br />as Trustor may determine on the date and at the lime and place designated in said Notice of Sale, at public auction to the highest bidder, the <br />purchase price payable in cash in lawful money of the United States a; the time of sale. The person conducting the sale may, for any cause he or original <br />she deems expedient, postpone the Sale from time to time until it shall be completed and, in every such case, notice of postponement shall be <br />given by public declaration thereof by such person at the time and place last appointed for the sale; provided, if the sale is postponed for longer <br />than One (1) day beyond the day designated in the Notice of Sale, notice thereof shall be given in the same manner as the <br />Trustee shall execute and deliver to Ins purchaser ifs Deed conveying the Property so sold, but without any covenant or warranty, express, or Notice of Sale. <br />implied. The recitals in the Deed of any matters or facts shall be conclusive proof of the truthfulness thereof. Any person, including without <br />limitation Beneficiary or Trustee, may purchase at the sale. <br />(b) When Trustee sells pursuant to the powers herein, Trustee shall apply the proceeds of the sale to payment of the costs and expenses of <br />exercising the power 01 sale and of the sale. including, without limitation, the payment of Trustee's Fees incurred, which Trustee's Fees shall not <br />In the aggregate exceed the following amounts based upon the amount secured hereby and remaining unpaid: 5 percenium on the balance <br />Ihereof; and then to the items set forth In subparagraph (c) hereof in the order therein stated <br />�7 <br />a€ <br />cp <br />T <br />