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<br /> 96: ���� --;�-
<br /> Lender. TP�e fosegoing warranties and representatiansr and ,�;`
<br /> 8orrower's obligations pursuan� to the foreqoing indemnity, shall ;
<br /> survive repayment of th� Note and the reconv�yance of this Deed �,;'..
<br /> o� Trust. ��:-.
<br /> 9. Rssi nment of Rents Mana ement of Pra ert As �rT
<br /> addit3onaZ seaur ty hes�undex. Borrower here y ass gns t� Lender �_�,:_'
<br /> f� the rente, issues and profi�s of the Property, provi.ded that �.
<br /> Borrower shall.. pr�or to ac�elera�ion un8er paragraph 11 hereof ��'_
<br /> or abandonmen� of the Property, have the ri.ght to collect and
<br /> retain such rents, i.ssues and profits as tl�aey Toecome due and pay- �
<br /> able. Upon accelerati�n or abandan�nt of the Proiserty, Lea�der �=_--
<br /> '.�� may. e�ther fn persow or by agent, with or wi�hout bringing sny �"
<br /> `� actfon or proceQding, ar hy a receiver appointed by a court and -- _
<br /> � without reqazd to the adsq�scy of 3ts aecurity, enter upon and �-y
<br /> art thereof, in its own �:''=`:
<br /> .i take possession of the Property, �r any p acts which it
<br /> � � name ar in the name of the Trustee, and do any
<br /> deeuis necess�ry os deairable to preserve the value, marketability �-
<br />=�' or rentabili.ty af the Property, or any part thereof or i�terest -_=_
<br />�-�� therein, inarease the inco�ae �herefram or protect the secn�i�y ��'-��LL-
<br /> hereof ancl� with or without takinq possess�on of Y.1ie Prop�rty, �---���
<br />;Y��`- sue for or otherraise collect the rents, issues and profits � "'
<br /> '?� t h e r e o f, i n c l u d i n g t h o s e past due and un paid, and apply the same, '��;�
<br /> '� t� less cqsts and expenses of operation and collection, including
<br />•� j attorneys' fees, upon any ind e hte dness secureai hereb y, all in �
<br /> �•.��: such order a9 Lender may determine. The entering upon and taking �;
<br /> >,�� posses&ion of the Property, the collecti.on of sueh rents, issues —��-.
<br /> � and prof3ts arid the application thereof as aforesaid, sh�ll not
<br /> "'" cure or waive any default or natice of default hereunder ox '`
<br /> ' 3.nvalidate �g act done ir�. �sponse ta such default or pu���ut �
<br /> ��a� to such not3�� of de£ault �a notwithstanclittg the continw�rn� in _
<br />��<�%' ossession of the Pa�ert� or the collection, receipt and applica- —���y-
<br />{<�:,.F. P
<br /> r'''°,. tion of reata, isau�� or prefits, and Trustee and Lender s�all be �-��
<br /> ;�Y;, eatcitled to exeraise every sight provi.ded fer in any of the Loan
<br /> �.;;� Instrumsnts or by law upon oceurrence of any Event of Defaulti, �.
<br /> inclucling, wfthout limitation, the r3qht to exerciae the power of �
<br /> '`� sale. Furt�er, Lender's rights and r�e�ted3es under tY►is parac�raph _
<br /> 9 shall be cumulative with, and in no way a limitaiion on, = �
<br /> Lender's rig�te and remed�ea under any Ass3gnment of L�ases and �,.
<br /> Rents recorded aqainot th� ?�roperty. Le�.�e�, Txustee and the �
<br /> �'�'� receiver shall be liabl.e �e acaount only fa� �Ictose rente actually • _
<br /> ;:::;: rece�.ved. �=_-. .
<br /> :rf +� � �
<br />���' :a ,
<br /> • . �: � 1L�, Eventa af Defaul�. The followinq �n�.3.1 c���itnte: . _
<br /> '�'� � an Event o� Default under s Deed of Trustt: . �
<br /> ..,. �_
<br /> �' (a) Failure to pay any install�z�t of
<br /> . � principal or interest or any other aum secu��cc: hereby =---
<br /> when due, or failure to pay when due any oth�� indebted-
<br /> �� �, ness of Bflrrower to Lender; _
<br /> .�-
<br /> �' � (b) A breach oE or default undex any prav�- �,»-r
<br />� sion contained in the Note, this Oeed of Trus�, any of
<br />�o-.;� �- the Loan Inst�mnents, or any other encumbrance upon the .
<br /> ''�,;'�� Propertg, after giving effeat to any applicable cure
<br /> . period ��s�tained thes�e�nj �.
<br /> (c) A writ of execution or attach�pnt or any �
<br /> ;�•,�.`;� similar procesa sha12 be ente��d against Bo�secbsr which
<br />�'.;' �� �hall become a lien aa the Property or arasr F�rtien �_LL
<br /> thereof or interest �„'herein= --
<br /> .. �:o
<br /> ��;� --
<br /> ;, ,'j (d) There sha].1 be filed by or �.c�a.inet -`"-
<br /> Borrower an actiion nnder any present or futc�..� federal, �1-�
<br /> stat� or other statute, law or reguZation reiating to
<br /> �� bankruptcy, insolvency or other re�s�t for c7ebtora; or ���
<br /> there ehall be appointed any fruste�, receiver or � _
<br /> � liquidator of Borrogaer or of all or any part of the _
<br /> � Property, or the renta, �ssues or psofits thereof, or �
<br /> Borrot�er shall make any general aESignment for the F,�-
<br /> benefit of �re�itors; �
<br /> � ,_ ��'':
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