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r- 12,4884/4X ..,;- ooeaI8. r taxes), license fees, coats of rentalOJ' maintenance.otperioO painting and decorating of unit., and legal, a1lctit. accountant fees and expenses to the exttmt operation of the Real Bstate. "()peratfng noncash items such a depreciation, coat like as well a costs which under atan~ principles consistently applied should be (lQft Federal and state Income taxes shall. not be t purposes of tbis paragraph. The lim_~~f "operating expenses" is not Intended to be aU thCltlil... 20. No Waiver b..l' Benefi~: No waiver by right under this Deed of Tns shall be ettective Waiver by Beneficiary of any right granted to .BeD.e Deed of Trust or of any proviaion of this Deed .()f transaction or occurrences shall not be deemed a waiver.. transaction or occurrences. By accepting p8)'1H1lt. ()f. any hereby after its due date. or by making any payment 01' act on behalf of Trustor that Trustor was obliptec1. ... failed to make or perform, or by adding any pa}'llMHlt ~ Beneficiary to the indebtedness secured hereby, BeneftCiaJ.!y' waive its right to require prompt payment when due of all other secured or to require prompt performance of all other acts recp.:rl hel'P'mder, or to declare a default for failure so to pay. u. "&tve}' of statute of L1m1tations: tlllle Is of the essence 1I1eB.. . .......i0 ' Trustor's .obUgations hereunder; and to the extent permitted. by . .... Trustor waives all present or future statutes of limitations with reapeot to any debt. demand or obligation secured hereby in any action 01' proceeding for the purpose of enforcing thi. Trust or any ript or remedies hereunder. 22. Inspection and Financial Records: Beneficiary at any time during the continuation of this Trust may enter and inspect sueh property at any reasonable time. Trustor shall deliver to Beneficiary. as soon 8S available. and, in any event, within ninety (90) days after Trustor's fiscsl year, a completed certified operating statement with respect to such property, covering at least gross income and its sources, itemized operating expenses, depreciation chargee, net Income '.>efore and after taxes and such other detail as Beneficiary may request. Failure to C~rnil!lh any such statement, or the occurrence of any other Event of DeCault. as defined in the Promissory Note secured hereby. ,hall give BOI'efi<.ofary the right to audit the books and records of l'rustor or Trustor's permitted successors or asigns. Trustor further agrees, when requested by Beneficiary, to promptly deliver in writing such further additional information ItS required by Beneficiary relating to MY such financial statements, 23. Acceleration Clause: Should Trustor be in default under this Deed of 1'rust. or should Trustor. or any successor in interest of Trustor. VOluntarily or involuntarily seU, exchange, convoy, transfer. contract to sell. lease with option to purchue, chant'f! the character or UIIC of. 01' further encumber such property, or any part thereof. or any interest therein; or if any of said parties shall be divested of title to such property. or Any part thereof. or fAny interest therein, either voluntarily. or involuntarily or if title tn such property be subjected to any Uen or charge, voluntarily or involuntarily, contractual or statutory. without the written consent of Beneficiary being first had and obtained. then Beneficiary shall have the right. at its option, to declare all lIums secured hereby forthwith due and payable; and this same right of acceleration shall be available to Beneficiary If the undersigned is It partnerl!hip and any interest of It generul partner terminatelil, is lIs$igned or transferred, at' is dImini8hed; or if the undersigned Is Il corporation lU1d limy of the corporate stock Is tr!Jnsfel'red. !'Iold or assigned: or if the underaJgned II~ Il. trustee of a trust find there is II change of any of the beneficial Intelt'tHlt of' the trust. L 24. Itemediell: No remedy h(!'rein provided shall be exchlflh'l; of llIny other "rmnoay-'hcreln Of' now or heredtal' exiotlng by law. but shall be cumulaUv('I. IP.ver power or remedy h..reby given to Tru"h'e 01' Bflflllficiary. or to which l;tther of them mllY he otherwise nntitlN1. mflV 1)(11 t'!l(ll!rc\w(!(J from tlml' to time flnd as often' tUlI may h.. dl'el1'1c'd ('Jq>t~llill'l't 11 --3