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<br /> _L • 92._ 1uo642 __.n_�
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<br /> ���• � � � . Lender. The foreqoing warranties and representatians, and
<br /> eorrower's obligatione pursu�ant to the foreqoing indemnity. ahall =
<br /> � ' " ' aurvive repayment of the Note and the recanveyanae of thi� Deed ��,�
<br /> . ' .. „ of Trvat.
<br /> � . ,..
<br /> 9. Asai nment of Rents Mana ement of Pro er� . A8 � --'�-_- -
<br /> ._���..r.;,,•.y._°� additional secur ty ereun er, orrower ere y ase gne tc I,en er —
<br />•• . . the rents, fssues and profit$ of thc Prcperty, provided that -- _ _
<br /> �.�.-._:_.___.____---_,.
<br /> Borrower shall, prior to acceleration under paragraph 11 hereof �,:
<br /> or abandon�asnt of the Property, have the right to collect and ��-•--�-�--�-
<br /> retain suoh rents, issues and profits as they become due and pay- -
<br /> able. Upon acceleration or abandonment of the Praperty, Lender �;_ ___ -
<br /> may, either in person or by agent, with or without bringing any --
<br /> action or proceeding, or by a reaeiver appointea by a court and _
<br /> � without regard to the adeqexaay of its secnrity, enter upon and �-� �
<br /> take poasession of the Property, or any pnrt there�f, in fta own �;,.,____
<br /> � ' • name or in the name of the Trustee, and do any acts which it �_.---�-- -- -
<br /> � � � ., � deeans neceasary or desi.rable to preserve the value, marketabilfty � �
<br /> . ' or rentability of the Property, or any part thereof or interest �.�- __
<br /> ... :.��,��.
<br /> � �� ������ therein, increase the inaome therefrom or protect the security �� xtiil __
<br /> ' ::i.`,�`;j'tti �".
<br /> :�...:l+� hereof and. with or without takinq posseasion of the Property, �<<,,� _'�-
<br /> '.':,:;;..`44al. '" i:�,�;�;�.,,.:�.
<br /> , �,,:..,.,. ,. sue for or otherwise colleat the rents, issues �� p the same, ' '�`-= "-
<br /> � �� thereof, including thoae past due and unpaid, and apply � ���:�-s����__
<br /> " ° " '' lees costs and expenses of operation and collecti.on, including • ,,�_-_-.-__
<br /> � attorneys' fees, upon any indebtedness secured hereby, all in �,�J-.z��=- -
<br /> suah order as Lender may c:otermine. The entering upon and taking ��•�,;��:��r+
<br /> possessfon of the Property, the collection of such ren�s, issues ��,��.:;,•.°�
<br /> � and profits and the application thereAf as aforesaid, shall not _____ ._
<br /> �_ ��r4 �r waive any default or notice of default hereunder or �_,s,��,�
<br /> � ��"'' �` fnvalidate any act done in response to such defauLt or �,ursuant —_---
<br /> ..:�°-°_.
<br /> _�,.;•,� , . . . ,t�;��
<br /> � to such notice of default and, notwithstanding the continuance in v,,:;;� � „r��,�,
<br /> � � posseseion of the Property or the collection, receipt and applica- ,., ;;,: :,?�-�—,
<br /> � tion of rents, issu�s or profits, and Trustee and Lender shall be �� � ��.: �
<br /> entitled to exercise evexy right provided for in any of the Loan �'„�.�:��_'
<br /> f. „` .. ...r�;,,,� ,
<br /> � : � Instruments or by law upon occurrence of any Event of Default, � ��: .:��• �
<br /> . including, without limitation, the riqht to exercise the power of ':•':^''":s�, �
<br /> ������� sale. Further, Lender's rights and remediea under this paragraph # �
<br /> ''��`�,!� 9 shall be cumulative with, and in no way a limitation on, , •
<br /> �,,•+jj�;.��� �- Lender' s rights and remedies under any Assignment of I.�ases and • ������°
<br /> - ���''�•. • Ren�s reaorded against the Property. Lender, Trustee and the ,;i� �,
<br />' �`"�'; � receiver shall be liable to account only for those rents aatually � ; -
<br /> � � ��, • received. ;� . �:
<br /> .:.5 �
<br /> �� � 10. Events of De£sult. The following shall constitute ;ti�,-,._�__
<br /> �'''��' ., en Event of Default under t s Deed of Trusts ' . ��''�����=
<br /> . �_-:.
<br /> (a) Failure to pay any installment cf % -•- ,.�;=
<br /> � � . principal or interes� or any other sum secured hereby � r�_..;...,; „
<br /> ,�_,.,,�,.
<br /> .� � when due, or failure to pay when due any other indebted- -;��-:;-
<br /> .' � ness of Borrower to Lenderj �� +
<br /> �,ti;:'' (b) A breach of or default under any provi- �
<br /> ' : .� sion contained in the Note, this Deed of Trust, any of
<br /> ' the Loan Instruments, or any other encumbrance upon the
<br /> . Property, aftez givinq effect to any applicable cure ;.
<br /> � period contained thereint
<br /> , ,
<br /> � (c) A writ of execution or attachment or any
<br /> � similar process shall be entered against Borro ortionich
<br /> shall become a lien on the Property or any p ,
<br /> ,- ,
<br /> thereof or interest therein;
<br /> (d) There shall be filed by or against
<br /> . . .. . _�__ ..L ..r fn*„ro fPAPral. .
<br /> eorrower an QCL1VIl 11��uat ai+Y �+:�-3�..� �� ----- - --- •
<br /> state or other statute, law or requlation relating to
<br /> bankru�tcy, insolvency or other relief for debtors; or
<br /> there shall be appointed any trustee, receiver or
<br /> liquidator of gorrower or of all or any part of the
<br /> Property. or the rents, issues or profits thereof, or
<br /> Borrower shall make any general assignment for the
<br /> benefit of creditorsf
<br /> �:
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