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<br /> . . _� ' 1(�0553 � � _ �
<br /> '� ��'�n �' "` (d)Trustor shall have procured,ponnitted or suNQ��ntariiy or involuntarily,any crao`ta to obtain a lien not _
<br /> '.. 1Q .,�'�, permitted hereln upon all or part af tuch propery:TN$tor or eny guarantor ot.thq indebtedness facured hereby shall �
<br /> ��o:� ' become inoolvent ot edm(t in w�itinp its Inabilly to pay Ita debts as thqy matu�e,ar make en esaip�msnt fo�the benefit of __
<br /> � � � � creditors or apply for or cons�ni to the appof ntment ot�rocsiver or tru$tq4 br it or,i0r s substential peA of wch property,or __
<br /> wch a►ecefver or truatea shall b�eppolnted and shaU not bs diechn�ryed withfn thiry(301 dafrs ene►�PDo(ntm��or -_
<br /> � � . . � . (e y A wrif of execuUon or eftaChmentor a�y simNar procea4 shall be Issued oc Ievisd aqainst all orany part of o�interest r...,��
<br /> in such properly.or any judpmant involvinp monetary damay�s shell be entered egeinstT►ustor which ahall become a lien �,_#�•�v � �
<br /> , on such property or portion thereof or iMere�t therein and auch execution,attachment oraimilu procsss o►f udamant is not
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<br /> ��.k,� � releossd.bonded.saHafled.vacated or�tayed withfi sixly(60►deys aRer its ontry or Iwy;or ��^T�--_
<br /> f)6t�nkru tc ,insotve�c reorganization,err�n�.�or licyuidadon proc�edinps or othe�proc:eedings tor relfet �o,.- �--
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<br /> • uncl¢,r ar�y bankruptcy law or other law for th�rellQt of d�G�rs sdaH be inatltuted by or epainat Truetor o�any Guaranto� ��^r,��
<br /> .�.
<br /> . �� .. . hereofandifinstih�teda�afnst�uchperlyshallbecons�rtAed400rettiaNnotbedluniesadwithinsixry�60)days�ff�►auch ��'��oa�_,� -T
<br /> . � : ,-'• instih�fon;or -
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<br /> ,, , (g)Trustor o�any suca�ssor.in interest of Trustar, valunMrily or invotuntarfly should sell,exacf,convey,transter,
<br /> �� contract to sell,lease wNh opNan ta purchase,subleas�.diapose ot,change the character or uae ol,or lurther enoumber � -�--
<br /> � . such property,or any pah thereof,or any interest therefn,or if any said pa�tfes shali be divested of titleto such real prope►y =�ti�",,.�.-_ ----
<br /> ot any part thereof,or eny intereef either voluntarlly ar involuntarlly,or if title to auch property bs eubjected to any lien or � -
<br /> .. ' char�e votuntarily or involunt�rily,conlractual or statutory, without th� writton consent of Q�nel�clary befnp Ilnl hed �
<br /> � obtalned,or �
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<br /> � � (h)If Truator is a partnership And Ihe interest ol a qensrbl part�er terminatea,ia assipned or t�enslerred,o�ia diminished �
<br /> in any respecf,o�if T►uttor ise�orporation ande majoiity ot thevotin�corporatettock istransierred,aoldo�atsiqned,or il ••°�� -•� __
<br /> •• the Truator is a Trutl�of a vu�l and thero is e chenpe of eny ot the BeneliCiel interest of Ih�truak or ''' °_
<br /> �' •- (i�Trusror ahall,wNhout tM consont of 6eneficia�ry,create or conseMto the estabUshment of e di�hict wh�Ch has taxiny ��� 2,`_,_,,.;,�?
<br /> , �� powera. -�;�,�;t7�--'_' -
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<br /> • ACCEIERATION UPON QEFAULT,ADDITIONAL REMEDIE3:In the event of any default hereunde�,Beneflciary may,at , �, ��-•.•.
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<br /> � . its option,: ,,•.° ��•� •
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<br /> - --�---_-_.---.-- (a)TermMeis eddfUonal eclvances,if any,to bA made under or pursuant to tha Promissory Note or any buildinp loa� �5,.;.,�w�.
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<br /> , ayreemenk or �
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<br /> , ' (b)Declare any sum secured hereby immediately due and payable and the same shall lhete upon become due end '•.;�,.*,::_��
<br /> payable withouf any prssenqnent,demend,protest or notice of any kind;or .t..,;f;;,, ��•o��
<br /> � � (G)At any time,w{th or without notice,either In person,by agent,or by receiver to be appointed by the Court wlthout '� �: •�:s=
<br /> �egard to the adequacy of eny securiry for the indebtedness secured hereby,e�ter upon and take possession oi such �'"'" ' °�
<br /> property or any paN thereof,make.cancel,enforce o�modfly leases;obtein and e�ect tenants,set or modHy rents;in its own , . ,1'�+'r��':�f:
<br /> � name sue or otherwise collect the renta,income,issuesa�d profits thereof,includfng those past dueand unpaid;and apply ,,�'_ .-
<br /> • the same,less costs and expenses of operetion,including reasonable attorney's fees,upon any indebted�eas secured .-�.-""'
<br /> ���:_
<br /> �' � hereby end in such order as Beneficiary may determine;and except for such application,Beneticiary shall�ot be liable to ��:_:
<br /> any person tor the collection or noncollection of any rents,Income,issues orprofits ior thefailu►e to assert or enforce any of .; k,
<br /> ' � the fore ofn ri hts,nor shall Beneficia b char ed with an of the dutlesand obli ations of a mort a ee in ossessio�. ,
<br /> 9 9 9 ry Y 9 Y 9 9 9 P -
<br /> •• ' � The entering upon and taking possession of auch property,the collection of such rents,income,issues or prolfts,the doing
<br /> `` �: _.,. , of other acts herein authorfzed,and the appticatlpn the►eof as aforeseid,ahall not Cure or walve any detault or notice oi k -a
<br /> , default hereunder or invalidate any act done purauant to such notice;or ! .
<br /> " � (d)Cause to be Ifled on record,a wriden notice of default and election to sell such properfy.Afterthe lepse of such time �. +�e��:��.�-
<br /> ,� •` as then may be requirod by law tollowing recordation of such notice ot detauN,and notice oi sale having been given as � �i���"�::.
<br /> ' required by law,Truatee wlthoutdema�d on Trustor shall sell such property,either as a whole or in separate parcels,and in • �• �
<br /> such order as It or Beneficiary may determine at public auction to the highest bidder.The Trustee may postpone the sele of � 1''•'""••-
<br /> i:;�;;��� all or any portlon of such property by public announcement at the time of sale,and from time to time therealter,may ,
<br /> , . •, postpone the sale by public announcement at the time and ptace fixed by the preceedinp postpvnement Trustee shall
<br /> . deliver to such purchaser its deed conveying the property so sold,wlthout a�y covenant or warranty,express or implied.
<br /> � The rec{tal in auch deed of a�y matters oltact or otherwise shall be conclusive proof of the truthfulness thereot.Any person.
<br /> � including T�ustor,Trustee or Beneficiary,mey purcha9e at safd sale.Trustee may also sell et any suCh sale and as a part
<br /> ; thereoi,any shares of corporate stock securing the obligalion secured hereby,and Trustor waives demand and notice of
<br /> � ' such sale.(Beneflclary at its optlon may also foreClose on such shares by Independent pledge sale,and Trustor wafves
<br /> demand of notice of such sale.)Aiter deducting all costs,tees and expenses of Trustee,and of thls trust,including cost ot •
<br /> evidence of title In connection with such sale,Trustee shall first apply the proceeds of sale to!he payment of all sums
<br /> expended under the terms hereof,not then repafd,with aCCrued interest et the rate then payable under the note or notes
<br /> , secured hereby,and then to payment of all other sums secured hereby,and if thereafter there be any proceeds remammg,
<br /> distribute them to the pRrson or persons legally entitled thereto.
<br /> If this Deed oi Trust or any note secured hereby provides for any charge tor prepayment ot any indebtedness secured
<br /> � hereby,Trustor agreea to pay safd charge,if any of safd indebtedness shall be paid prior to the maturity date thereof stated
<br /> _� .._ _. _,_
<br /> �n saio note or tnis ueed oi i rusi,even ii ano noiwiinsiantiiny TruBi�r Siiaii iinvv uoinuiiw ii� Noji�Tivi�i u�oi8v�,v� ���
<br /> performance of any agreement hereunder,and Beneticlary by reason thereof,shall have declared all sums secured hereby
<br /> Immediately due and payable.
<br /> SCHEDUI.E OF LEASES:Within ten( t0)daysafterdemand,Trustorshall furnish to Trusteeor 6eneficiarya schedule,
<br /> • ``.�' certilied by Trustor,setting forth all leases ot such p�operty,including,in each case,the name otthe tenants or occupants,a �
<br /> ' ' descrlptfon of the spece oCCUpled by such tenant and occupant, the rental payable tor auch space and such other
<br /> ' informatfon and doCUments with respecf to such leases and tenancies as the Trustee or Beneliciary may request.
<br /> � COVENANTS OF TRUSTOR WITH RESPECT TO LEASES:Without Ihe prior written Consent of 7rustee or 8eneficiary.
<br /> Trustor shall not,dfrectly or Indirectly,with respect to any lease of space In such property,whether such lease is not or
<br /> � hereatter fn exlstence:(e)accept or permit any prepayment,discount or advence payment of rent thereunder;(b)cancel
<br /> or terminate the same,or accept any cancellation, termination or surrender lhereof,or permlt any event to occur which
<br /> would entitle the lessee thereunder to terminate or cancel the seme;(c )amend or modity the seme so as lo reduce the term ;
<br /> { �
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