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OJ�a'� Vvvv.+ e <br />6. Additfonal Llem and Protection of serteficlary's Securlly. Trustor shall make all payments of Interest and principal and payments of any <br />other charges, fees and expenses contracted to be paid to any existing lienholders or prior beneficiaries under any prior deed of trust or mor- <br />tgage before the dale they are delinquent and promptly pay and discharge any and all other liens, claims or charges which may jeopardize the <br />Deed of granted <br />t, herein. <br />n any prior Truslor fails or dead deed of trust, of if payment <br />ny falls to <br />proceeding e s commenced which materially affects Beneficiary's l f In- <br />terest In the Property, Including, but not limited to, eminent domain proceedings, or proceedings involving a decedent, or 11 Trustor falls to pay <br />Trustor's debts generally as they become due, then Beneficiary, at Beneficiary's option and without notice to or 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 limited to, disbursement of reasonable attorney's fees, payment, purchase, con- <br />test or compromise of any encumbrance, charge or Ilan, and entry upon the Property to make repairs. In the event that Trustor shall fall 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 shall <br />Decoms additional Indebtedness of Trustor secured by this Deed of Trust- Such amounts shall be payable upon notice from Beneficiary to <br />Trustor requesting payment thereof, and shall bear Interest from the dale of disbursement at the rate payable from time to time on outstanding <br />principal under the Note unless payment of Interest at such rate would be contrary to applicable law, in which event such amounts shall beer in- <br />treat at the highest rate permissible under applicable law. Nothing contained in this Paragraph 6 shall require Beneficiary to incur any expense <br />or take any action hereunder. <br />T. AselSt awed of Rents. Beneficiary shall have the right, power and authority during the continuance of this ssion Trust <br />f the property affected <br />issues and profits of the Property and of any personal property located thereon with or without taken osse <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 long as Trustor is not, <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, (a) enter upon and take possession of the Property or any part <br />thereof, and in its own name sue for or otherwise collect such rents, issues and profits, including those past due and unpaid, and apply the same, <br />leas 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; tc) tease the some 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 In* 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 hereuntler. or invalidate <br />any act done pursuant to such notice. Truslor also assigns to Beneficiary, as further security for the performance of the obligations secured <br />hereby, all prepaid fonts 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 ( »sufficient to require said tenant to pay said rent to the Beneficiary until further notice. <br />6. Condrianaliell, to 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 solo 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 proceedings and shall be <br />entitled to make any compromise or settlement in connection with any such action or proceedings <br />9. ROWANN" Not Exclusive. 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 />nectlon herewith or any laws now or hereafter In force, not - withstanding some or all of the such indebtedness and obligations secured hereby <br />may now or hereafter b* otherwise secured, whether by mortgage, deed of trust. pledge, lien, assignment or otherwise. Neither the acceptance <br />01 this Deed of Trust nor its enforcement whether by court action or pursuant to the power of sale or other powers herein contained. shall <br />prejudice or in my manner affect Trustee's or Beneficiary's right to 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 held by Beneficiary or Trustee In such order and manner as they or either of them may in their absolute discretion determine. No <br />remedy herein contorted upon or reserved to Trustee or Beneficiary is intended 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 hereuntler or now or hereafter existing at law or in <br />equity or by statute. Every power or remedy provided hereundef 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 ..ne 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 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. TranoW of the Property; Assumption. If all of any part of the properly or any interest therein is sold, transferred or conveyed by Truslor <br />without Beneficiary's prior written consent, excluding lal 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 loini <br />tenant or Ill) the grant of any leasehold interest of three years or iess not containing an option to purchase. Beneficiary may. at Beneficiary is op- <br />tion. declare all the sums secured by this Deed of Trust to be immediately due dnJ 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 m 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 "ch tale as Beneficiary shall request <br />11. Aecederallon upon Default; Remedies; Sale. Upon default by Trustor in the payment of or performance of the terms and conditions of the <br />Note. of 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 duo 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 sole. Trustee snail nave the power of sale of the Property 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, shall <br />proper* • similar notice In the form required by law which shall be duly filed for record by Trustee. <br />(a) After the lapse of such time as may be required by law following the recordation of Notice of Default, and Notice of Default and Notice of <br />Solo having been given as required by law, Trustee, without demand on Trustor, shall sell the Property in one or more parcels and in such order <br />as Truslor may determine on the date and at the time and place designated in said Nonce of Sale, at public auction to the highest bidder, the <br />purchaseprlCepayable in cash in lawful money of the United States at the time of sale The person conducting the sale may, for any cause he or <br />she deems expedient, postpone the sale from time to lime until It shall be completed and. In every such case. nonce of postponement shall be <br />given by public declaration thereof by such person at the time and place last appointed for the sale, provided. It the sale is postponed for longer <br />then *mail) day beyond the day designated In the Notice of Ste, notice thereof shall be given in the some manner as the original Notice of Sale <br />Trustee shall execute and deliver to the purchaser its Deed conveying the Property so sold. but without any covenant or warranty, express, Of <br />implied. The recitals In the Deed of any matters of facts shall be conclusive proof Of the truthfulness thereof Any person, mcluding without <br />limitation Beneficiary or Trustee, may purchase t the sale. <br />(b) When Trustee sells pursuant to the powers heroin, Trustee shall apply the proceeds of the sale to payment o1 the rusts and expanses of <br />exercising the power of sale arid of the sale, Including, without limitation, the payment of Trustee s Gees incurred. which TlusleBs Flies shall not <br />in the aggrogro exceed the following amounts based upon the amount secured hereby and remaining unpaid 5 percenturn on the balance <br />thereof; and then to the items set forth In subparagraph ic) hereof in the older therein stated <br />Wtl, <br />t0 <br />uqI <br />