Laserfiche WebLink
-4- g~ -i)ti230~ <br />hereby consents to the Trustor's collection and retention of such <br />rents, issues and profits as they accrue and become payable so <br />long as Trustor is not, at such times, in default with respect to <br />pa}rtent of any indebtedness secured hereby or in the performance <br />of any agreement hereunder. Upon any such default, Beneficiary <br />may at any time, either in person, by agent, or by a receiver to <br />be appointed by a court, without notice and without regard to the <br />adequacy of any security for the indebtedness hereby secured, (a) <br />enter upon and take possession of the Property or any part thereof, <br />and in its own name sue for or otherwise collect such rents, issues <br />and .profits: including those past due and unpaid, and apply the <br />same, less costs and expenses of operatio:i and collection, includ- <br />ing reasonable attorney fees, upon any indebtedness secured hereby, <br />and in such order as Beneficiary may determine; {b) perform such <br />acts of repair or protection as may be necessary or proper to con- <br />se:-ve the value of the Property; (c} lease the same or any part <br />thereof far such rental, term, and upor. such conditions as its <br />judgment may dictate. Unless Trustor and Beneficiary agree other- <br />wise in writinF~ any application of rents, issues or profits to any <br />indebtedness secured hereby shat: not extend or postpone the due <br />date of the instalir~ent payments as provided in said promissory <br />note or change the amo*snt of such installments. The entering upon <br />and taking possession of the Property, the collection of such <br />rents, issues and profits, and the application thereof as aforesaid, <br />shall not waive ur cure any default or notice of default hereunder, <br />ar invalidate any act done pursuant tc~ such notice. Trustor also <br />assigns to Beneficiary, ~= ~urthcr security for the performance <br />of the obligations secured hereby, all prepaid rents and all monies <br />which ;aay have been yr *xay hereafter he d~r~asited with said Truster <br />by any lessee of Che Property, Co secure the payment of any rent, <br />and upor. default in the perxorrnance or any oz the provisions hereof. <br />Trustor agrees to deliver such rents and deposits to the Benefic- <br />ia=-•;. slivery of written motive of Beneficiary`s exercise of the <br />rights granted herein, to any tenant occupying said premises shall <br />be sufficient to renuire said tenant to pay said rent to the Bene- <br />fiefary until further native. <br />li, Conde;nnscion. if titre to any part of the Property shall be <br />taken in von arm-ration proceedings, by right of eminent domain or <br />siaeilar action, or she_1 ere sold under threat of condemnation, all <br />awards, damages and proceeds are hereby assigned and shai2 be paid <br />to B~naficiary who shall apply such awards, damages and proceeds <br />to the sums secured by the crust ;'1.eed, witty the excess, if any, <br />paid Co the Trustor. :rustor will prasnptly, and with due diligence, <br />repair, alter a:u: r$storc thn remaining part of the Trust Property <br />to its fozsser condition substantially to the extent that the soma <br />•:,y be feasible and sa as to constitute a complete and usable unit. <br />12, Future Advances. Upon request of Trustor, Beneficiary, at <br />Benef c any s option, prior to reconvcyance of the Property to <br />the Trustor, may make :afore advances to the Trustor. Such <br />future advances, with interest thereon, shall be secured by this <br />Trust deed when evidenced by promissory notes stating that said <br />notes are secured hereby; provided that at no tinse shall the secured <br />principal, future advances, mat including -sots advanced to protect <br />,s the security, exceed one hundred percent (1{30x} of the original <br />principal amcsunts scoured hereby. <br />13. pesaedies Cumulative. All remedies provided in this Truse Geed <br />a~ distin:t and cumulative to any other right or remedy under this <br />Trust Deed or afforded by law or equity. and :nay be exercised con- <br />currantly, ind~:pendently ar successively. <br />14. ~.cceleration` Aexicdies~ Sa1P- Upon default by Trustor in the <br />pay~aent a any ebCadness secured hereby ar in the performance <br />o~ any agreement hereunder. Beneficiary may declare all suu~s secured <br />declsr`ati dt~ftdafau2t.s '~heTrusteeyshalivhave theupowk3roof sslaen <br />