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r r 84.~ 006396 and revenue theref rom shall be applied by sucll receiver according to law and the orders and directions of the court. The receiver so appointed by a court of competent jurisdiction shall be empowered to issue receiver's certificates for funds advanced by a~erican for the purpose of operating the Property. The amounts evidenced by receiver's certificates' shall bear interest: at the defauJ.trat&. set forth in the Note and may be added to the cost of redemption inth& event the owners of the Property, Grantor, or some junior lien holder redeems the foreclosure sale. If I 13. Grantor \...i11 not alienate, le~e, or encumber any part of or interest in the Property ~lithout prior \'lritten consEtn.t<of American. In the event of change of ownership of the Propert:y,thEt) new owner shall assume the obligation secured by this Deed. oiTi:'uKJ however, in no event \"ill anv new owner be allowed to I1t.lSSwue'l:li-'e Obligation wit.hout Arne.dean'i prio:: ,.;rittErl consent and wno CMmtl.. shall Grantor be released from liability lli.cer chis CeedofTr the Obligation. If an assumption is pe~itt.ed by ~erican, mav, without notice to the Grancor, extend the time of oavment obiigation or of any par~ Ot the Obligadon <lac may ctherwbil. with anv new owner of t.he ?ro'Certv with reierenc:;! to thiaD.e Trust and the Obligation in 1:'he sameoanner as wi t:h the Grant~~)! without in any way relaasing Grantor irem 2.i<loilit':, under this~ c~ Trust or the Obligation. 14. Time 1.s of the essence with =es;:ec~ to this Deed of" T:ust, and in the event of deiaul~ ~y Gr~ntor in ~~e timely perfnrj mance or any coven~nc or asreeoen~ ~oncai~ec in this Deed of T~ust~ t'I.lnerican may declare, without nctice, .:ill 3unS secured by this Oe8<l,. cf Trust ia~ediately due and payable and m~y commence foreclosu~a, proceedings, as provided by l~w" 15. All notices under this Deec of Trust to the respective parties shall be ip writing and shall be zen"ed by prepaid mail, or by personal delivery, addressed to the respective parties at the addresses set fo~th on the first page of this Deed of Trust, or at such othe~ addresses as may be supplied in writing to all parties. Any such notice to Americ~n or Grantor shall be deemed to be given and effective ~ive days after such notice has been deposited in the United Sta~es mail post~~e prepaid addressed as aforesaid, or when personally delivered to and received by the specified parties. ll. In the event foreclosure is made by American, attorneys' fe~s in the amount determined by the court to be reason- able shall be imposed by the court as part of the costs in such fore- closure proceedings. 1 i . If tile ObL.gation secured by this Deed 01: Trust is now or hereafter further secured by chattel mortgaqes, deeds of trust, pledges, cont:~cts of guar~ntee, or other additional securities, -10- L L L. --, u ..J I