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<br /> � • (d►T�ustor shell have procured, permitlad or sufldvrr�l,voluntarfly or involuntarily,any credllor ro obtain a Nen not �� '•' i:��:°���LL=_9�==== _
<br /> pe�rmifted herefn upon ell or paR of suah prope�ly;Trur�4Qr or any guaranror of the indebtednees secu�ed hereby ahall '!��t� —� "`"
<br /> � ,.., w'k�. _�_� -
<br /> become inaolvent of edmlt in wrifing ita inab11i1y ta ppy+ta debta ea they mature,or make an aesiynment lo►the benelit af . ��" '.•^�~��_�.T�-__—_
<br /> � ., creditorsorapplyfororconsenttotheappaintm�ntofareceiverorlruateefoNtorforatubstantialpahofsuchpropery,or j;.; .�, ,.;-;, _
<br /> � " � �uch e roceiver or truatoe fhall be eppointad and phsllinot be diaoharped withln thirty(30)days elter eppointment;or �:1:=-�.•:.:;,;,�µ___
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<br /> (e�A wrtt of execuNon or attachment or any similAr prnaesa ahall be isaued or levied apalnet all or eny part olor interest „ ,
<br /> in such property,o►any JudpmeM Involving manetary dAmages ahall be entered agafnat T�ustor which shall become a lien -_
<br /> o�auchproperryorportionthereolorfntereettharainandsuchexecutfon,attechment�rsimilerprxessor�udqma�tlsnot , ,.. ..
<br /> � ' releesed,bonded,eatleNed,vacated or stayed wfthin sir,ty(80)days aAer its entry or levy;or
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<br /> (f► Bankruptcy,insolvency,reorganixatipn,arrangament,or Ifquidation proceedinge or other proceedings tor relfel
<br />� under any bankruptcy law or other law fa�fhe rqti�f pt�debto�s shall be instituted by or aga{net Trustor or eny Guarantor
<br /> � hereot and if instituted aqafnst auah party shall be CAna�nted to or shall not be di8missed within aixy(60)days aite�such ,
<br /> 1 inatitution;or
<br /> I (g)Trustor or any successor In intarast ot TruAtar, voluntarily or involunterily should sell,exact, convey, tranater,
<br /> � contract to sell,lease with optfon ta pu�ahase,subtease,diapose of,change the character or use of,or further encumber
<br /> such property,or any part thereol,or any interest tharAln,or It any said parties shall be divested of title to suah�eal property
<br /> ' of any part thereof,or eny interest either voluntaril���r involunlarily,or ii tltle to auch propery be sub�ected to any lie�or
<br /> . � charge voluntarlly or involuntarily, contraotual or,atatutory. without!he wriqen con�ent of 8eneiiciery being first had
<br /> � obtained,or ��•�
<br /> � J (h)If Trustor is a parinershfp and tha mtarq�t��f a general partner terminates,isasaigned or transferred,or is diminished .
<br /> � in any respect,or if Trustor is a corporAtian anci�ma�ority ot the voting corporate stock is transterred,sold or assigned,or it . .
<br /> � the Trustor is a Trustee ot a truat and thera io a che�ge of eny of the Beneficiel interest of the t�ust;or '
<br /> I (i)Trustor shall,wlthout tha consent af 8eneticiary,create or consent to the establiahment o1 a dfstrict which has laxing
<br /> � powers. .
<br /> ACCELERATION UPON DEFAULT,Ai}DITIQNAL REM�DIES:In the event of e�y default hereunder,Benefiaiery mey,at �
<br /> its option,: �
<br /> (a)Terminate additional advances,if,any,to be made under o�purauent to the Promisaory Note a eny buildin�loan
<br /> ,;
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<br /> +� (b)Declare any sum secured hereby immedfately due and payable and the seme ahall there upon become due and �
<br /> s payable without any presentmeM,dem�nd,protest or notice of any kind;or �j
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<br /> � � (c)At any time,with or wifhaut notioe,either In person,by agent,or by recefver to be appointed by the Court without
<br /> � regard to the adequacy of any secunry for the indebtedness secured hereby,enter upon end teke posseasion of such
<br /> property or any part thereof,make,cancel.e�force or modily leases;obtafn and e�ect tenants,set or modity renta;in its own
<br /> name sue or otherwise collect fhe rents,income,iasuesand profits thereof,including those pastdue and unpaid;and apply
<br /> I the samR,less costs and expensas ot operation,including reasonable attorney's fees,upon eny f ndebtedness secured �
<br /> hereby and fn such order as Beneticfary may determine;and except for such applicatfon,Beneficlary shall npt be liable to ,
<br /> any person for the collection or n oncollection of any rents,income,issues or profits for the failure toassert or enforce any of
<br /> • Ihe toregoing rights,nor shall8eneficiary by charged wlth any of the dutles and obligatfonsof a mortgagee in possession.
<br /> � The entering upon and taking possession oi such property,the collectionof such rents,income,issuesor profits,thedoing
<br /> of other acts herein authorized,and the application thereol as aforesaid.shall not cure or walve any detault or notice of
<br /> idefault hereu�der or invalidate any act done pursuant to such notice:or
<br /> . (d)Cause to be filed on record,a written notfce of detauli and election to sell such property.Atter the lapae ot such time
<br /> + es then may be required by law following recordation of such notice of default,and notice ot sale having been given as
<br /> required by law,Trustee wlthout demand on Trustor shall sell such property,either as a whole or inseparate parcels,and in
<br /> such order as it or Beneticiary may determineat public auction to the highest bidder.The Trustee mey postponethe sale ot
<br /> all or any portion of such propeAy by public announcement at the time ot sale,and from tlme to time thereafter,may
<br /> � � �� . pdstpone the sale by public announcement at the time and place fixed by the preceeding posfponement.Trustee shall
<br /> � deliver to such purchaser its deed conveying the property so sold,without any covenant or warranty,express or implied.
<br /> � The recital in such deed ot uny matters o(fact or otherwise shall be conelusive prootof the truthtulnessthereot.Any person,
<br /> i ' including Trustor,Trustee or Beneticiary,may purchase at said sale.Truatee may also sell at any such sale and as a part
<br /> � thereot,any shares of corporAte stock secunng the oblig�tion secured hereby,and Trustor waives demand and notice ol
<br /> such sale.(Beneficiery�t�ts option may also foreclose on such shares by mdependent pledge sale,and Truator waives
<br /> ' demand ot notice of such sale.)Atter deducting all costs.(ees and expenses of Trustee,and ot this trust,including cost ot
<br /> � �' evidence of t�tle in connection with such sale.Trustee shnil tirst npply the proceeds of sale to Ihe peyment of all sums
<br /> t � expended under the terms hereot,not then repaid,with ac;crued mterest at the rate then payable under the note or notes
<br /> secured hereby,and then lo payment of all other sums secur ed herQby,and�f thereatter there be any proceeds rema�ning,
<br /> distnbute them to the person or persons legally entitlod thereto
<br /> If this Deed of Trust or any note secured her�by provides tor any charge lor prep�yment ot any�ndebtedness secured
<br /> hereby,Trustor egrees to pay said charge.�f any of s:+�d indebtedness shell be paid prior to the maturitydate thereol stated
<br /> �n said note or lh�s Deed ot Trust. even �f and notw�tfistandmg Trustor�hall have defaulted in payment fhereol,or in
<br /> pertormanet�ot�ny agrezment nerounder,and t�eneiicinry qy reason inereoi,snaii i�avn decierodaii eun�3 avi:uidu i�vi eiuy
<br /> immediately due and payuble
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<br /> ( SCHEDULE OF LE�{:��S:W�thin ten( 10 1 deys alter oemnnd.Trustor shall lurmsh to Trustee orBeneticiary a schedule,
<br /> certilied by Trustor,Se,t�•�,�forth all IeASes of such property,including,in each case,the name ofthetenantsor occupants,a
<br /> description of the spac � �.c��.:o�ed by such lenant and accupant. the rental payable for such space and such other
<br /> �ntormetion and docume��t;v� �� ^spect to such leases and tenancies as the Trustee or Beneficiary may request.
<br /> GOVENANTS OF TRUSTOR WITH RESP�CT TO IEASES W�thuut the pnor wntten consent ot Trustee or Benel�c�ary.
<br /> Trustor shall not.directly or indfrectly,with respect to any lease ol space in such properry,whether such lease�s not or
<br /> , hereafter in exfstence:l a►accepf or permd any prepayment,discount oradvance paymentof rentthereunder;(b )cancel
<br /> • or terminate the seme,or ACCept any cancellation,term�nation or surrender Ihereof.or permit&ny event to occur which
<br /> # would entitle the lessee thereunder to termmate or cuncel the same.(c 1 amend or modily the same ao as to reduce the term
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