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<br /> � 1T,18 MUTUALLY AGIREED THAT: ��~ 1��O�7�� �
<br /> � ' LITIIiATION:Trustor shell defend ihis Truat In eny ectlon or proceedin�purpoNln�to aHect�uch proparty,whNher a�ot
<br /> it ettects the eecurity h�reol,or purportinq to aHect the riphta or powers of 8snelici�ry of Tru�t�e,qnd sh�Illile end
<br /> � „ prosecute all necessery cleims and actfons fo prevent or recover for any damaye to o�destruction of such property,and ��.,,.__
<br /> elthe�Truetee o�Bsneflciary is hereby authotized,Mrilhout oblipation eo todo,to commencs,appepr in or dei0nd any such
<br /> " action,whether brouyht by or eqainat Trustor,Beneiicfary or Trustee or wilh or without sult,to exerciseor entores any othe� �''�.,,: ,--_.
<br /> ripht,rsm�dy or power aveilabls or confened hereunder,whether or not jud�ment be entared in any acUon o►procssdin0; ��.�"' '
<br /> �:_.
<br /> and Trustor or 8eneffciary may appear o►fntervene fn eny ectlon or proceedUp,end retefn counsel theroin:and take such F� �,.:_____._
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<br /> � � action therein,as efther may be edvised end may settle,campromise or pay thesame or eny other claims and,in that behalf _ --_- - =
<br /> and tor any ot said purpoaes,may expend and edvance suah aums of money es eilher may deem necea:+ary.Whether or not
<br /> Truator so appears or defenda,Trustor on demand shall pay ell coata end expenaea of Beneflclary and Trustee,includin�g ���,,;�;t��+�'--:�::-
<br /> � coat of evidence o1 titla and ettomey's feea in a reaaonable sum,in any auch action or prxeedinp fn which 8aneflaiery ,
<br /> Trustee may eppear by viMue of being mede e party defenda�t or otherwioa end frrespective of whether the inte�est o1 ! �
<br /> Beneticiery or Truatee in such property ia diractly questioned by such ecNon,including but not limited to,any acdan for the
<br /> . forealosure of, or sale proceedinps under,any secondery lien on such propeAy,condemnetion o�panitlon ot such � ., ,,��.,,,..,, _
<br /> property,and any suit brou�ht by Beneficiery to forecloae tt�is Deed of Trust *�� �u°��'�'�'`��
<br /> �. . .:���:��.'
<br /> � CONDEMNATION:All sums due,peid or peyable to Trustor,or any succeasor in Interest of Trustor,whether by way ot ; • - �-;�-�
<br /> judgment,settlement or othe►wise,(a)for in�ury or damage to such propeAy,or(b)In connection with any condemnatfon •:,�:_���--•--
<br /> for pubtic use or in�ury to such property or any pan thereof,or(c)fn connectlon with the transacdon flnanced by the loan • :...'�r"
<br /> secured hereby or(d)arisin�out ot elt causes of action,whether accruing before o�atter the date of thia Deed of Trust, � , _
<br /> soundfng in tort or co�t►act including causea of actfon for freud ar concealment ot a materfel fact to�ether with the ,
<br /> ' � settlemenls,proceeds,awards and demages,di�ect and conaequential,in connection therewith are hereby absolutely end �
<br /> irrevacably assigned and shall be paid to Beneficiary.BeneBciary shell beentitled,et its opdon,to commence,intervene in, �
<br /> appear in end prosecule in its own name,any ection or proceeding,o�to make any compromise or sehlement,in
<br /> � connection wNh any such taking or damage.Trustor agrees to execute such turther aesipnments of any compenaetion, -�=
<br /> award,demaqes,rights of action and pr�ceeds as 8eneficfary mey require. �`�`"=
<br /> �►II amounts received by 8eneficiary pursuant to this Deed of Trust under any fire or other insurance policy,in connection �5�
<br /> with a�y condemnallon for public use of or fnJury to such property,for inju�y or damageto such horeby ere to be applied at ��
<br /> the option of Beneficiery upon any indebtedness secured hereby.The applicatfon,use or release of auch emount shall not
<br /> cure or waive any default or notice ot default hereunder or invelidete any act done pursuant to such notice.
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<br /> GONSEi�1T,PAR i iAL iiECOM1ft'EYANCE,ETC.:Trustes may,ai any lima,or irom!!me to time,wllh�ut liabllity therefore. ' • �
<br /> � and without notfce,upon written requeat ot Beneticfary,and without aftecting the pe�sonal liabillty of any person for �,��.
<br /> paymeM of the indebtedness secured hereby,or the lien ot this Deed of Trust upon the remainder of such property for the , `4 '
<br /> ' iul I amount of the fndebtedneas then or the►eaRer,secured hereby,or the rights or powers of the Benetfciary or the Truetee
<br /> `'� with respect to the remafnder of auch property.(a)reconvey any part ot such property,(b)consent to the making of any ;
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<br /> map or plat thereof,(c)Join in granting any easement thereon,or(d)joln i�any extenaion agreement or any agreement �y
<br /> subordinatinp the lien or charge hereof. �'
<br /> FULL RECONVEYANCE:That,upon wrilten request ol8eneticiary stating that all sums secured hereby have been peid '
<br /> and all obligatfons secured hereby have been sepsfacbNly pertormed, Trustee shall reconvey. WIthOUt W8ff8fl�l, the -
<br /> property then held hereunder.The recitals in such reconveyance of any matters of fact shall be conclusive proof of the
<br /> truthfulness thereof.The grentee in such reconveyance may be designeted as"the person or persons legally entitled
<br /> thereto".Such requests and reconveyance shell operate as a reassi�nment ot the rents,inoome, fssues and profits -
<br /> hereinbelore asaigned to the Beneticiary. �
<br /> RIGHT TO COLLECT ANO RECEIVE RENTS ANO PROFITS:Notwithstanding any other provlsions hereof,Beneticfary
<br /> hereby grants permission to Truator to collect and retaln the rents,Income,issuea and protits of such property as they
<br /> become due a�d payable,but reserves the rlghS t�revoke such permisslon at any time,with or wNhout cause,by notfce fn
<br /> writing to Trustar, mailed to Trustor at his last known address. In any event, such permiasion to Trustor ahell be
<br /> • automaticslly revoked upon detault hereunder by Trustor.
<br /> ?�� FINANCIAL INFORMATION:Trustor wll l provide to Beneficiary,withi�90 days ot the close of each ffscel year of Trustor,a
<br /> .),'$i� � consolfdeted balance sheet and statement of earnings of Trustor and any and all guarantors of the oblfgations secured
<br /> � hereby and will provide and deliver to Beneticfary such other f inancial inlormation and in such manner es Beneficiery mey
<br /> dfrect from time to time.
<br /> FINANCIAL COVENANT:Trustor shall comply w�th and shall cause any and all guarantors of the obligatlon secured
<br /> hereby to comply with,or be in compliance with,the following tinanclal covenants:(This paragraph shall be non-applicable
<br /> � il covenants and requirements are not fllled In below.)
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<br /> EVEN7S OF DEFAULT:Any ot the following events shall be deemed an event of default hereunder:
<br /> (a)Default shall be made fn the payment of a�y malallment ot principal or interest or any other sum secured hereby when
<br /> due;or
<br /> (b) Trustor should breach or otherwise be in default under any term, covenant, agreement, conditfon,or provisfon
<br /> contained herein or in any building loan agreement or m any other agreement secured hereby;or
<br /> a (c)Any representetion or covenant made herein,in any buiiding Inan agreement,or�n any other agreement secured
<br /> � hereby or gfven in con�ection herew�th or any indebtedneas secured he�eby should be talse or misleading;or
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