Laserfiche WebLink
<br />200901251 <br /> <br />conserve the value of the Property; ( c) lease the same or any part thereof for such rental, terms, <br />and upon such conditions as its judgment may dictate. Unless Trustor and Beneficiary agree <br />otherwise in writing, any application of rents, issues or profits to any indebtedness secured <br />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 <br />possession of the Property, the collection of such rents, issues and profits, and the application <br />thereof as aforesaid, shall not waive or cure any default or notice of default hereunder, or <br />invalidate any act done pursuant to such notice. Trustor also assigns to Beneficiary, as further <br />security for the performance of the obligations secured hereby, all prepaid rents and all monies <br />which may ha ve been or may hereafter be deposited with said Trustor b y a ny lessee of the <br />Property, to secure the payment of any rent, and upon default in the performance of any of the <br />provisions hereof, Trustor agrees to deliver such rents and deposits to the Beneficiary. Delivery <br />of written notice of Beneficiary's exercise of the rights granted herein, to any tenant occupying <br />said premises shall be sufficient to require said tenant to pay said rent to the Beneficiary until <br />further notice. <br /> <br />9. Leased Premises. Within 10 days after demand, Trustor shall furnish to Trustee a <br />schedule certified to be true, setting forth all leases of space in the Trust Property then in effect, <br />including, in each case, the name of the tenants and occupants, a description of the space <br />occupied by such tenant and occupant, the rental payable for such space and such other <br />information and documents with respect to such leases and tenancies as the Trustee may request. <br /> <br />In the event Trustor is in default hereunder, without the prior written consent of Trustee, <br />Trustor shall not, directly or indirectly, with respect to any lease of space in the described <br />premises, whether such lease is now or hereafter in existence; (a) accept or permit any <br />prepayment, discount or advance rent payable thereunder; (b) cancel or terminate the same, or <br />accept any cancellation, termination or surrender thereof, or permit any event to occur which <br />would entitle the lessee thereunder to terminate or cancel the same; (c) amend or modify the <br />same so as to reduce the term thereof, the rental payable thereunder, or to change any renewal <br />provisions therein contained; (d) waive any default thereunder or breach thereof; (e) give any <br />consent, waiver or approval thereunder or take any other action in connection therewith, or with <br />a lessee thereunder, which would have the effect of impairing the value of lessor's interest <br />thereunder, on the Property subject thereto, or of impairing the position or interest of the Trustee <br />or Beneficiary; or (t) sell, assign, pledge, mortgage or otherwise dispose of, or encumber, its <br />interest in any such lease or any rents, issues or profits issuing or arising thereunder. <br /> <br />10. Condemnation. If title to any part of the Property shall be taken in condemnation <br />proceedings, by right of eminent domain or similar action, or shall be sold under threat of <br />condemnation, all awards, damages and proceeds are hereby assigned and shall be paid to <br />Beneficiary who shall apply such awards, damages and proceeds to the sums secured by the <br />Trust Deed, with the excess, if any, paid to the Trustor. Trustor will promptly, and with due <br />diligence, repair, alter and restore the remaining part of the Trust Property to its former condition <br />substantially to the extent that the same may be feasible and so as to constitute a complete and <br />usable unit. <br /> <br />11. Future Advances. Upon request of Trustor, Beneficiary, at Beneficiary's option, <br /> <br />4 <br />