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<br /> � by ow�wr'i znd op�rotor�of sirnilar�ropo:tiez and as Bansfi�i�ry may raauira f�r it� pr�iactio�. Tru�ta� wiU C�mp�Y _
<br /> with such othar requiromantc as Benoficiary may fram time to time ro�uoat for tha prOta�tla�i bY ��1FU�anCi of th�
<br /> � intarest of the respective partlo�. All lnsurance policies mainiainecl pursuant to thlp Deed of Trust yhc�1)name Yructor ;
<br /> and Beneficlary as insured, as their respective interast m�y appesr end Rravida thet thare ahall bo n�co�cellation o�
<br /> � moditication withvut fiftaen (15� days p�ior written notification to Yruatao end BonaficlAry. ItV th4 ev�nt any poticy
<br /> 1 iiareu��tl�ie is�wi re�wweti uii�i:,atora iit.�sn(15) da�s�rior i�its expirosion data, Truatea ar Bc��s9iaiary maY pracura -
<br /> . � such insuranca in accordance with the provisip�s of Parsgr�h ?. Trustor shell dalivor to Baneficiary the oNginal _
<br /> � paticies of insurance and rsnewals thereof or copies of tuch poliaies and renawala thoreof. Failuro to furnish such
<br /> insuranae by Truator,ar ranewsls as required hereunder,shall,at the option of Benofisiory. conatitut�a default. Afl
<br /> � unearned pramiums are�areby assl�nad to Trustae ss additivn�l sacurity, and a sale and canvoyanca of tha P�operty -
<br /> by the Trustce shall operate to convey to the purchasec the Trustor's intc�rest in and to all palicies of Insurance upon -
<br /> the Trust Property.
<br /> 6. Taxss and Au�ssmants. Trustor sha'1�aw�ail teues and speclal assessme�Tts tduied o�assessed against,or
<br /> due upon,the Property betore dalinquency aizd vv�S�deliver to Beneflciary c.�ies of r��tLw slwwi��y payment of such
<br /> � t�w and spa:.id sasassm�nts.
<br />,- w 6. Additio��l L.i�ni. Trustor shall make all payme�t�of inierest and prir�ciAal�:nc�q��ymants of any oih�r charpes, -
<br /> � fees, and expensas contracted to be paid to eny exiating Ilen holders Q� prior b�tnoficipries under any prior Deed of
<br /> � Trust, Mortpage or other security agreemet�t, beFore the date thay aro ctt;tinquoot und to pay any othe� claim which -
<br /> jeopardizes the security granted herein.
<br /> � 7. Prot�ction ot Ber��ficiuy's SocuNty. ��auld Tru9tor fail to maG:a any payment, fail to ds any act as hereln =
<br /> � provided a�if any raction or proceadiii�i5;cern.�sencad whlch matoria!!y affects Beneficiary's Interest in ihe Pro�any,
<br />;. � includin�, k�ut no limlted to, eminent cf�vrrTSic�. insolvenay, arrangements or proceerlinga involving a bankrupt o�
<br /> _'. dacedont,t:h�n Banefidar,r or Trustee, hut witJ�e�t obligatlon to do so.�ncf without natice to or do�nand upon Trustor. F
<br />.- S �,-ed withoui releasing Trustor from any obligntv�r hereunder, may maKQ ur do tho same, and may pay, purchase, -
<br />_:,� contest a� Eampromise andv encumdrance, char�e or lien, whlch in thQ judflement of either sppears to affect seld
<br /> - Property;inexerclsing any such pcurers,ihe Eaneficlary or Tvustee mey iitcur•a Iiabillt�r�nd expend whoteve�amounts. -
<br />.=� incturlirt�dic:�ursements of reasonai�be attomey's faes, whiah in their ahsotute discre•.:�en may ba nscessary. tn tha _
<br /> event that Trustor sh�ll fail to procure insu��nce, fail to pey taxea oncf speciaf ossessments ar fail to make any
<br /> � peyments to existing o�qartor lien holders w beneficlaries,tho Benefiaiury rnay pracure such insurance and make such
<br />`.,.� payments. Aq sums inra�rred or expended by 6eneficiary or T�uatee in accardance+nri�h the pro�lsions of the Qeed of
<br /> T�ust are secured tsereby and,without demand,shall be immediste��r�fus anii�ayabie by Trustor and shall besr ini�rest
<br /> at tha rato provided for ad�ances unr3er the Loan Agreamant; Rrouided,hevrever,that at the option of the Ben�ficiary
<br />'�,�� or Trustee, such surns may be adde�to this Rrine:�a! balance of any inde�tzCness seeured hereb� ar►d shall besr the
<br /> sama Intorast as such incisbtednesc and shall ba Qayabte ratably over th�remaining term thereof.
<br />�-a 8. Assiynmw�t of R�nts. Beneficiary shell have the ripht, power end authority during the continuance of this Oeed
<br />=� of Trust to collect the rents, issues and profita of the Proporty and of any pe�sonal property loceted thereon with or
<br />=•� wlihout takinp posses:ion of the Prope►ty affected heraby,and Trustor hereby abaolutely and unconditionally assi�ns
<br />:= all such ronts,istues and profits to Beneficiary. Beneficisry,however, heroby consents to the Trustor's colbction and
<br /> _ ,� ratention of such rants,issuas and profits u they accrue and Become payeble so lang as Trustor is not,at wch tlnw,
<br />_� in dsfeult with nspect to payment of any indsbted�ess secured heroby or in ths pe�tormsnc� of any agrsemsnt
<br /> he�sunrfsr. Upon any such default, Beneficla►y may at any time, either in person, by agent or by a receiver to be
<br />=� appointed by e court,v�ithout notice and without regard to the adequacy of eny security for the indebtedness hereby
<br /> � sscursd: (a) enter upon a�d take possession of the Properiy or any part the�eof and in its own name sus fo� or
<br />—_, othWwisa coltact such rents,issues and profits, including those past due and unpaid, m apply the same, tess cosu _
<br />_� snd expsns�s oi operatio�and eolleation,including reasonable attorney feea, upon sny indebtednass secu�ed hereby
<br />—s and in such order as Beneficiary mey determine: Ib)perform such scts of repair or protecti�n as may be necessary or
<br /> — proper to conserve the value of the Prope►ty:(c)lease the same or any part hereof for such rental terr�and upon �uch
<br />:_,� conditions as its judgment may dictete. Unless Trustor and Bene�iciary agree otherwise in writing, any appllcation of
<br /> � �ents,Iss�es or profits to any indebtedness secured hereby sha!!not extend or postpone the due date of the installment
<br /> � paym.ents as provi�ed in the Loan Agreement, and tha application thereof es aforesaid shall not weive or cure any
<br />__ default or notice of default heteunder or invalidate eny act done pursuant to such notice. Trustor also assigns t�
<br />_�� Benefici�,as fuKher sacurity for the performance of the obtigattons sacured hereby, all p�epaid rents and all monies
<br />� which may fiave been or may hereafter be deposited with said Trustor by any lessee of the Property,to secure the
<br />:_a payment of any rent,and upon default in the performance of any of the provisions hereof, Trustor agrees to deliver
<br /> � such rerets and depositc to the Beneficiary. Dellvery of written natice of BeneficiaryF's exercise af the righta grsnted
<br /> herein ta any tenan4 occupyirtg said premises shall be sutficlent to require said �enant w pay sald rent to tha
<br /> Beneficiary until turther notice.
<br /> 9. Cond�tru�ation. If title to any part of the Property shall be taken in condemnation proceedings, by right of
<br />�� eminent domain or similar action, or shall be salr� under threat of candeen�ation, all awards,dama�es snd proceeds
<br /> �"� aro hereby assi�ned an�9 shall be paid to Beneficiary who shall apply sucEs award,damages and proceeds to the sums _
<br /> secured by the Deed of Trust, with the excess, if arty, pald to the Trustor. -
<br />. �: 10. Future Advanca. The Loan Agreem$nt provides for advances fram time to time to Trustor by Bsneficiary -
<br /> as provided tt►erein. tn addition, upon request of'�rustor�Beru�flciary,at �eneficiary's opt7on,prior to reconveyanca =
<br />�: of the Property to the Trustor, may make additional fuYure advnnces to the Trustor. Such f�!ture advances, with _
<br />`=�: interest thereon,shall be secured by this Oeed of Twst when evidenced by promissory notes stating that said notes
<br /> _ are securQd hereby; provided thai at no time shall the secured princlpal and future advances, not inctuding sums
<br /> Y advanceci to protect the security, exceed one hundred percent (10096) of the original principal amounu secured =
<br /> ' heteby. =•
<br /> ' 17. Remadl�s Cu�ativ�. A:d remedies Rrovided in this Deed of Trust ate disi9nct snd cumulative to any other =
<br /> right or remedy unde� th;s Deed of Trust crr afforded by law or eqi:�ity, and rnay be exee�i,spd'd�,Kre�tly, _
<br /> independentty or successively. -
<br /> 1�. Aecai�rition;RsmadiQS; sa7�. A defauft shall exist 6a the e�sent cf:
<br /> (A) Any 4'r�d or misrepresentatiore �Sy the Trr:s;er in car�v�tian ,�ith u�e wne c;eredit which this Deed of Truat '
<br /> secures; �
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<br /> 9/94 . 40&2
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