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<br /> '�, " �' � .� . , __.[ - d.'..���� � .� . - ' . "" _ _ .—_ ��. . . �� . .
<br /> �.�ei ' __ j•�" - , . -. i— '_' ` —_" __ ._ _' .—_. " ,_— _ ', . �—_.— _ . . ._.- -- - ' .... ,_ " _—"_— _. _.__ _. _
<br /> -- : . � � ; ' � .� . . : � . ` 9�.� �iQi52� � � `
<br /> ., � , .
<br /> -- i� ` . g. °�� ON SAL �OFt ENCUMBRANCE. In th� �v�nL TrustoF, � �
<br /> �—�_•-�w � without th� prio� writt�n cons�nL of 8�n�tiGiery, =sha71 s�11� , _
<br /> _��� `.S<<. conv�y, t�ansf�r; at i�tnat�, aiort�ass, s�l l on install�nt � �"
<br /> .;_¢. , ; , conL�act or �ncwnb�r th� T�ust Pr�is�s a� �an� par� tt��r�oi. cr � =____ _
<br /> �— -�°��.�. . � � any intor�st th�r�9n or �ha11 b� div�sL�d of is t4tis� or anY �G_--__
<br /> ;�_-- `. � _,- fntore�t th��oin in anY nian�nc a� way. wtwths� valun�arY or � . — _
<br /> � "�� invoiunt��Y. or. in th� ovont of any �rII��, consolidation or� �= � __-
<br /> �=
<br /> . - y��;,;�::�.:. �� dissolution aftectin9 Trustor or a trsn�t�r of a �a,iarity - ��- ti;,
<br />�� ' "� ��"� ' - � irttaroat. in Trustor or a t�a�8fo� of a �ns.fo�ity #�t�r�st in say � '°-s� ,° ��t
<br /> -- �,^r���_�°: , ��neral pattno� of. any Trustor Mhich ia a 3oint v�ntur� o� , �- x� :--.?�=Yw,�Y��r--
<br /> , � ' ���'`�'°`�:_
<br /> `������_�t� . . �pne�el ar li�it��partnarship, or in the �va�t of th� t�ansf�� � � ��
<br /> �,����=�;�. .. or othar dispositia� of any i�tersst fn Trustor o� eny �ntity in ; ; r,.�,�
<br />, �.+.����-.r�i�fa.! , ' � _ _-�;�`'i` .
<br /> �„�:�,_.,;�;:�- . _� Tr.ustar's chain cf a+ne�ship, whor�bY Control of� tlt� �anali�nt� .-��_-':._ �-`:
<br /> 5 ' - - and�oparaCicrn�of the Truat-Pr'e�isea is no lons�r in Trustor, -,�- ;-
<br /> '=h'=°�"`''=«�" :;,� then tn any.•of su�h ovsn�s;, at th� sol• optivn of Bortoficiary. .. . - - ,
<br /> �.-��.
<br /> � ����'?F�i � - 8aneficiary may efther E��t)� declare the �ntir� aatstattdfng . _ ` • '' r-� ��="
<br /> ��:
<br /> : �, pr;i.�cipal balance, ta�ulatod�inhaccordance wiLhtt�nes s t forth . �
<br /> _- .`_., - calc � . ` .. ���..�
<br /> -. : • prepAyinant chsrgo .
<br />.;�;;:�, ; : � �� � �n the Note, to be i�wdiatoly dua at�d nayabl�, or (b) rais� ttis
<br /> _ �: �'� . :. _
<br /> „f,,;� � '"���� ' fnterest rute dua on the Nats in Nhich �v�nt suct►- rats shsll � - �
<br /> ; ��r� � i�nediateiy incroasa to tha �sxi�n taMful "rat� of int���at for , � , `:`" °-
<br /> `' - � � the 3wrisdiction in which the Prop�rty ia locst�d unl��s tho � :,'� .
<br />�'�''�,� . f �. ' ` . 8eneficiary shall other++ise give the T�ustor Mritton notics of � � . . -
<br /> � � � 8�nsficiary's election, at its sote option, to accept a . � � �
<br /> _. _ .u�M_....___�. 8pecified i�creased rate oi interest whic!► is t�ss than Lhe � � � � •�� - - -� '��
<br /> �.' � maximu�n lawful rate. This provision shall not apply to � '_ � �"�—
<br /> i_ . .
<br /> ` ` � � - �- . trr�nafers of titie o� intecest unde� eny Wi l t or Testament or � .
<br /> :�°: . � �ppl icable l aw of descen�._ � � °- .
<br />�',14. . . . . _ i .
<br /> L . �'
<br /> .•::Y� ., ' l_
<br />� ' =;;�.�.,; �. � � 10. BANKRUPTCY. In the event that (a3 Owner (harein�fter 4 ,�•�
<br /> ����'<�. � � def i n�d) shs71 f i l e or tt�ece sha11 be f i led �gai nst such Owner. ��- � ,, ; �
<br /> � � � � du�ing tfie period of owne�shtp, a peti�ion in b�tnkruptcy or ;_ _
<br /> ��''���� insalvency or a petition or answer seeking any reorganfzatticn, j t� r. _
<br /> � ?;:'<.��:� a�resngemant, composition, re�adjustment, liQuidation, dissolutiore .
<br /> � ' or simitar relief under the bankruptcy laws of the united 8tates ;�
<br /> � � • o� under any other applicalble Federal , State or other statute o� , . �
<br /> � � " law, and such p�oceeding shall not be d�f�missed with thi�ty (30} 1�• � � ,�,
<br /> ' days after commancement. thereof, or (b} a receiver, t�astee or ' ,., . :;,
<br /> � �' ����`s° liquidator shall have been appointed with respect to Owne� or : �"'���-� � �-
<br /> :,,.,�:;�;:...�.::-_•
<br /> � � � �``�"�� a11 or any aubstantial part of Owrte�'s praperty a�d such ; �'���"�,`?:
<br /> . . •.�.,,.:;,.';.''•�'` '-'!'�,. ,��:'.�',��:_,•.'•. ••-
<br /> ,�,;: �-,:`, -.. appointnient shatt rtot have been vacated within thirty t30) days , _
<br /> `�`�����°"' `��"'����� in anY such event, 8eneficiary may, at its option, '�
<br /> ..;,.. .:.;,•:;�..,:� then, declare ,,,:..�..�
<br /> ,.�,�;;,,,;,, ,,,,,,,;;; :?.�_,:
<br /> :r:� '�-:.�:'. the principal of the Note he�eby secured and then outstan�ing to ..:�,:;a�:.- . ,
<br /> � � � ''��� � be dus and pnyAble immediately and upon such dec�aration, the , ���:�':�� .
<br /> : ; � '
<br /> - � .�•�,,, :;,,,;.,.�
<br /> � entire said principal so declared to be due and payable togather � �,•;,;
<br /> :�r�:.. �
<br /> . ..,;,. � wi th eny othe� sums secured hereby ahsl l become and be at�s arnd. ��
<br /> �� � payable immediately, arey�.hing in this Oeed of Trust or io� �aid: .'� . �
<br /> ��'�-''� � � Note to the contrary r����ithstanding, to the extent pe�m��tsd �by : .
<br /> , ' ;..,;,, � .
<br /> . , °.',;',;;;; _ law. For the purposes cf this paragraph, "Owner" sha11 mear� an�� .
<br /> � owner of the Trust ��E�9ses, or of any inte�est therein, . .
<br />� �� � � � including any sharef��"��:e� of a corporativn, foint verrture o� :
<br /> ����;� � � �oi�t venturer, ge�era'a �c 1imited partnership or general '
<br /> . `' ��� , partrter, or land tsc�ste� cr beneficiary (or any general partner
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