|
�� • � . •� ,; . ' 4 ° ' ' . '` a..�,.�.�...� .r...�'om�ua' .. �
<br /> „� .. . .. ' . . ` • • . �I' V. 4.. .. II M1� __
<br /> ... ..., . . -�._..- .. .. � . � , .. ..`�rv�-'_- -
<br /> _ ���i
<br /> � ����
<br /> t •
<br /> �•`-
<br /> _ ` - 96— �.��'a' . �:.::
<br /> 3.���ea�?p t�at�.Tfustar sR►all ke�p the Rrqqerry in gaod condition and ropair and shall not comrrit tiraste or parmit 6� �'��:
<br /> impaimtant or dateriora4io�ot the Property Cnd shci�t�tY wt419R2�roeisicas of msy lettts i�this Oaed a#Yrust is on a lettsshotd.ho amprove- ��,�;..
<br /> ' ; mgr�t�w or Qeatsa�ter 6rc4Cd t�an t7t3 PropertN Sha116e aitefed,reraove�or demolished without tlte�riar writte�consern of Beneficinry. :�.;.�.
<br /> ' Te�rstat sha�!eompty w'sth aU taws,ordie�.rs�utattans.wvararrts.eenditions and rost►irtions eftectirg the Property and not eommit,suffer, v..�:':
<br /> � r,
<br /> or perrt�it�►y act to be done in a upon the t=ropfrhl in vwSatian of eny tau,o�dinanr,c►,reguiation,catienant,conctition or restriction.T►ustor " ��::::
<br /> �� :.-
<br />. sRatl to�lete ar restcre promptty amt in goud w-artcmanl3�e rr�r,�r any im�ovemsM an the Property wf�ich malt be damag2d or destroyed nnd _
<br /> am
<br /> pay.wfien dua,a!I claims for M6ar pN'form�d a�d mat�ats fumisMd tfi�r�fan and for anY a[terations thereof. ��.;�'
<br /> . . 4. ���.Trustar,ot its axpense,wi91 maiRtajn with inswars approved by Bcaafsciery,insurante vrith respett to the tm�rovemeMs and
<br />— parsaral ptope�y,at�s4itu7i��g t�a Vrt�rty,a�i�st loss Dy fire.li�ttini�Q,tare��tto,and other perils anA h�artis covered by staad6rd extended -;�`.
<br /> coverage endors�rnent,in an amaw�t equol to at teast arte hau�dred p2tccnt of 4ha fu1!re�pt�csmant v�tue thereof and insurance uqainst such r�' �.>
<br /> u! _
<br /> � ather haz�ds ac►d in stsch artsaunt�as is wstom�ity carrisd Ey owners a�d ay�rGtoPS of s'unufar propartias or as Berteficiary may require for its ��,�i-_-
<br /> protettBon.trustor xi+it campSy with sucfi other�uinme�rts as Benef�am't msry i�am tBne b time request for the protection by insurance of the �:_�`-�..
<br /> �;. � interests of the respestiva pauties.All insurance policies mairtained puscrai►t to this Oeed of Trust st►all narrte Trustor end B�eficiMr as in- �,.,;
<br /> s�rreds,as thsir respestiva ir►terests�wfr appeor,aatd Rrov+de thut there shat�be'�o�ante�lation or mod'fiitatian without na tess than 15 days .--�ti;,<
<br /> prt�writlen notifitatian to&r+eficiary.In the evant asry poficy hereunder is not renewed on or before 1 S days prior to its expiration date, %�
<br />� Benefidary may procur�s such insurance in accordance with the provis+ons of paragraph 7 hereof.Trustor shatl deliver to Bene�ciary the original �i�-°�_'._._
<br /> ocu s
<br /> policies of ins�xmxe and rer�ewats thereof ar memo capie�of suth palicies aad renaxrals thereof.Failure to fumish such insurunce by T►ustor,or �,.,
<br /> renawds as reqttired hgrevnd¢t sRa31.at ths aption of Ber,eficiary,constitute o defadt. �_-�:_
<br /> .sa:��-:
<br /> .�,a_:-_
<br /> S:Ttae.'Au�t��4��.Trustor sfiutl pay ait toxes,assessm�nt�and other ciwrq�s.i�ctudirg.wiihaut C+mltation.�ines and im• — _
<br />' pOSl1t0115 01tR�UtGbIC S:r4I�l3 PfOpE�►,and teasekot�pm�ments or grau�d rents,if ary,befae tha samsl�corrte det:z��r�4.Trustor slwil premy- ��_';;
<br /> � tiy fumish to Sene���1 notices o f am o z m ts d u e ws 6 er t hi s p a r u�r a p A,u�i n t h s a v e n t T r u z t o r s h n H m d c e p e.�'���ect h►.Trostar sMl1
<br /> prompttY.tfmm�:s:�fo�2nx�iciary receipYS evidanang sucb paymst►ts.Trtsstor sha11 pay all tmces aatd assessme�ls which maK be tevied uyon ��
<br /> .,' Bertefia�g's�:areSPherein ar upan this Deed of Tn►st without�egarcl to arry law tlwt rtwy 6e enactEd imaos�PoYmem ofi�lsexhote ar any �
<br /> port thereof upant':�C�eficiary. �""
<br /> ' 6.A/liiiaud 1��.�.�ntatiw o�MNfid�'�i�o�Et�airy.Trustor shotl mdca¢�payments of interesf and principat and pati'rnerrts ofi any �:-�."-_
<br /> other thagts,fees as�oi exptnsss contrat'ted to 6e paid to any existing lierihotdars�r�icz b2nafis+ariss uttd2r a►►y prior deed af trus!a mor- ___
<br /> tgnge 1�e4�the date they�e delinque.�t and promptly�my and discfwrge any and aU other liE!�,,elaims a ch�es whid►may{eopardize tfie
<br /> saurity�ied hcrein.(f Trustor fails ta make ar+y such pay+nent or fails to perform ca+y of c��tavenm�ts an0 agreemer�ts coritairtsid in tlns ,�
<br /> Oeed of Trust,or in a�ey prior mortgage or deed of tn.-st,of if any ation or pcoteed�p is eor�rnanced vfitch materiCliy affaEts Brmafitiary's in- = � p•
<br /> terest in tAe Propertyr,�Iuding,but not limite8 to,c�ir.�nt domain praeedings,ar�:iceedir�gs imroWing o deces�.'�nt.ar i#Trostor faits to pay
<br /> ��.
<br />, Trustar's ba`'A geru�T,!*i�ss they become dua,the,3�B�neficiary,at 8eneficiary's e�tion and wit hout notite to�d ema n d upon Tcv s t c r�d f �=
<br /> ` Miit�:?�e"�eusizg Tr�ss�from anY otiligation hereunder,may nwice such apaeorances,dis6�rrse sucfi surtss,and take such actia�os fs neceuffry U .�'`
<br /> ' .to gro'.�ct(9arfeticiary's interest inctti���7,but not limited to,dis�:r.er�4 of reas�nabte attomey's fees,paymeM,purchase,etm'test ur co+n• '�''`°
<br /> � ��% pramise ot any entumbrance,cFwrqe or lien,and emry upon the F.^trpaKy to make re9airs.tn t'�Qv�nt thot Trostot shall fm'�y�F��we in- �__
<br /> � surence or to puy toxes,assessmeets,or any other charges or to mek�r�ny paymerns to existing pr+rnr 1+�at�al3�s or benefidartes.�r.nefecian,� _ _
<br /> may praure such insurance and make such poyment.Any amounts disbursed by Benefitiary pursuant s3 i5is Fz�ra�raph 6 sfwlE 6eca�e additional `"�
<br /> �' indebtedness of Trustor sewred by this Qeed of Trust.Such artscu�srs shatl be payabie�span notrce�i�rorn 8ene�CCiary to Trustar requesting poy- � �'
<br /> ment thereof,and shall bear iRterest from the date of disburseRa'��the rote payabfe f�om tima to time on autstanding p:�maipul under the ��"
<br /> —° iw{e untess pc►y�iref�.o�i�er�t cs�s�:...�rat���ou!d�c�n�rary to:*,�1�nnble law,in which everit such amounts shall beor interest ot the D�ighest
<br /> rate permissible under oppticabte low.Nothing cantained in this Rcra�'aDh 6 shal!require Beneficiory to incur cny expense or toke ocry action �_._;,_
<br /> hsrevnder. �
<br /> T.l�Z�z�.:.rat a�E2aaYa.Oen2fiqary sho41 heve ttr��rr3ht,power and aufhority durin�the coMinuance of this Deed of Trost to wtiect the
<br /> rents,i.:r�s ardprofits of the Proper►f►and ot any persanat properhg d,,coted thereon with ar without toking possessian of the pss�perty o�fecied -
<br /> � ' he►eby,a�s3 Truster he�sby a0sotutety and unconditlonaf�y ossigns oil suct►rents,issues anA Drofsfs to 6enefieiory.Bene�ciary,i�r�vtver.hereby
<br /> � • cartsents to tfie Tr��^�'��coltccticn and reteation of s�:�'�rents,issuss artd profits os they acuue a�d become peYoble so long as Trustar is not. �..
<br /> � at such iime,in defcr�rr with respect to poyment o1 c:�indebtedness sewred herehp,er in the pertarmarxe of any agreement hereunder.Upon �
<br /> any such defaulf;B�na�itlory may at any time,either i»person,by ageM,or bY�eceiver to be appointed by o tourt,without natite ar�d without `_ .
<br /> � regard t�^�e odequacy of any secur+ty for the indebtedness hereby secured,(o)enter e►pon end take gossession oi the Propertg or any pnrt =_
<br /> thcreoB,,r�r�in its own nart�e sue Ia or othetwise collect such rents,issues and profits,includinp tt�ose past due and unDaid.nnd WP�Y t���, �":`
<br /> less costs an�expenses of operotion ond collectian,inctuding reosonabk oltorneys fees,upon any i�ebtedaess secured hereby,and in such
<br /> order os Beneticiary may deterrt�ine:(b)perEorm sucPc ects ot repoir or protectis:sc as moy bo necasscry or preper to tonserve the vofue of the
<br /> � � Pra�eeey;(e)leose the same or arsy►part thereof far stch rental.term,cmd upcn sExh conditians as its judgmer4 vn�y�ictote ar terminute a od• �
<br /> ; �.� just th�r,acai►s cnd corditions of ary exi�tiny leose or leoses.Unte�Tm��stor artd Benefiti�y apree othtrwise in w:it�np,amt aG�[(�t'ron o1 nRts.
<br /> issue�.v D�`�=tits to onY indr3btedrsess secured hereby shall not exte:�'ar postpone the due dote of tha instullrtsent paym,nts�t;cavided in sad
<br /> nd
<br /> � � promi,yor°��note a cha�Qe the amount of such instatlments.The enterir��upon and tokirg possession of the Prope►ty,the c�tiectim of such
<br /> rents, issues and profits,anA the ap�iication thereas as atoresaid,sholl not waive ar cure cny defautt ar notise ot idetwtt ftereunder,a�rs- F�.._
<br /> . �: ; vofid='e e�y at done pursvont to such aotice.T�ay��r atso assigns to Benefieiory,as fwthar security tar the pertormnnce o!the obti�atiaa� �. _
<br /> ' . secur�d Groreby,utl Drepaid rents ar�d alt�onies w'�icl�may hwe 6e�or maY hereufter be depatltG�with sai�Trustor by any lessee of the Pro• , �-�.,
<br /> � perc�.iu��e.ure the poymenf ot any r��P'�r dcmcges,and upc^r��f;;c„it in�ho perform�ce cf�srry of the provisions hereof..Tr���sta agrees to _;��,.
<br /> dsliver such rents ond deposits to 8eneficiary.Oe(F:+ec�r of erifter►�riee o!Beneficiary's�exercisa o1 the rigfits gronted hErein,to any tenant a-, � �i�;
<br /> � cupying said premises shatl be suificient to requir4 r��'enont to poy said rent tv rtr�Beneficiary until further notice. __
<br /> 8.Gadunn�tion.If titte to any part af the Prorysc��shall be taken in condemr�:an proceedings,by right of eminent domoin or si9nilar action, �
<br /> � • av shall be so�d undor threat of cor+demnation,oll uwards,damages and praeeds are hereby ossigned and shall be paid to 8enef icimy who shell _
<br /> • ' opply such awwds.domages and proceeds to the sum secured by this Qeed ot Trost,witt►the excess,if any,paid,to Trustor.li Trustor raeives _
<br /> ', mry notice or other intormotion regarding such actions or proceedings. Trustor shofl give prompt written notite thereof fo benetitiary. _ _
<br /> Bene�itiory sholl6e entitled,at ifs option,to commence,appear in and prosecuto in its oem name any such action or proceedings and shatl be em i' ��
<br /> titled to moke ony comp►omise ar settlsment in connection with ony such action a�proceedings.
<br /> � 9. R�i!'w�tlo��ci��i�e.Banaticiory sfia!!ba¢ntittet!tv eniorce paymenl and performance of ony indebtedness or obfigations s¢tureA � _
<br />' ' hereby ond to exercise a1!viphts and powers unde*this Qeed of Trust a un dar any other agreement executed in connECtian here�ith or any faws
<br /> . now or hereoiter in iorte,notwithsfanding same ar ull oi the suth indabtedness and obtigntions setured hereby moy r�w ar hereofter 6e other- �;
<br /> � w'rse secu►ed,wheth�r by matgage,deed o1 trust,ptedge,lien,ossignment or otherwise.Neither the acceptance of this Oeed of Trust nor its
<br />� enforcement whether by caurt ottion ar pursuant to thQ power o�snte ar other powets herein eantained,shal!prejudite ar in any manner affect �_�_
<br /> � Benell�iary's right to raalite upon of entorte any other seturi4y now or hereafter heid by Benefitimy,it being agreed that Berwficiary shull be k�m.�
<br /> � � • entitted to entorce this Deed of Trust and any other security now or hereaiter ireia oy 8cmen"ciory in suc��iG�ra'�!�sur.�-"=as'st ss'ai in i!s ab- k?-�__
<br />'• • ' solute discretion determine.No remedy herein coaterced upon or reserved to Beneficiory is intend¢d to ba exclusive of any other remedy herein
<br /> � or by low p�ovided or parmitted,but each shall be cumulotiva artd shotl be in oddition to evevy other remzdy given hereunder or now or hereofter
<br />' , w�.
<br /> . . , , • • „ . . � .. � • .
<br /> _ . •'' . ' .. . .. -.{� •• . . , , :. . , '. �. . . .. ., . . : . ".. . • , .... ' ' .. , . . _' ,
<br />
|