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��A . � <br /> � - - _ �----'�;r..�.`___-- <br /> '':-- - <br /> � ' • _—-��.rt= i3i►��� .-•.}-,• --...- <br /> ��fZ._.. � -- - - . "--- --_ - �-- -- <br /> - --- —— �, <br /> r <br /> , g�� �,t1z5�� _. <br />. ehall Y►e appointed and ehall not be rlischarged within thirty (30) __ <br /> days after appointment; or _ <br /> (e) Trustor pays any operating line of credit existing at the = <br /> Bank; or �` <br /> ti '� r �-^^utio^ �r st�Achmanr. or any similar process � <br />-. �i� Cl MI��3 t,. va 4AV V f <br /> ehall be iesued or :I.o�;a.eu againdL aII uL anY g�i� �: �r i::tie=°at 'n = <br /> such property, or any judqemen� involving monetary damagee eha1Z be _ <br /> entered arains�t Trustor which shall become a lien on euch property � <br /> or portion thereof or interest therein and such execution, <br /> attachment or eimilar process or judqement ie not reledsed, bnr�d�d, _ <br />� satief ied, vacated or atayed within e ixty (60) days afL•er ite entry <br />_ or levy; or _ <br />� <br /> (g) eenkruptcy, insolvency, reorqanization, arranqement, or <br /> - liquidation proceedinqe or other procaedinge for relierl under any _ <br /> � bankruptcy law or other law for the relief of debtore eha�ll ba - <br /> - inetitvted by or aqainat Tructor or any Guarentor hereof and if - <br /> instituted against euch party shall be consented to or ehall not t�a <br /> diemiseed within sixtcy (60) days after euch inetitution; or _ <br /> , {h) Trustor and anv aucceseor in interest of Truetor, <br /> voluntarily or involuntarily should sell, exact, convey, tranefor, <br /> . contract to sell, lease wi�h option to purchase, aublease, dispoee <br /> of, change the character or uee of, or further encumber euch <br />_ nronerty, or any part thereof, or any interest therein, or if any <br /> said parties shall be diveated of title to such real property or any <br /> L,...__� •..�.e.. y_>>_rt,.,-;i� ;n involuntarily. <br /> part L'nerevi, Vl Cul�i iia�.cLCVa. .:.+�.••..� <br /> or if title to such property be subjected to any lien or charge <br /> voluntari3g or involuntarily, contractual or etatutory, with�ut the <br /> written cnnsemt of Beneficiary being first obtained; or <br />- (i) If Trustor is a partnership and the interest of a general <br /> partner terminates, is assiqned or traneferred, or is diminiehEd in <br />- any reapect, or if Truetor ia a corporation and a tnnjority of the <br /> veting co�orate etock is transrerred, soid or ar��iyuau, �� i� �ha <br /> Trustor is a Trustee of a trust and there is a chaage of any of the <br /> Heneficial interest of the trust; or <br /> FULL RECONVEYANCE: That, upon written request of Beneficiary <br /> atating that all sume secured hereby tnave been paid r�nd all <br /> obliqatione secured hereY�y have been satisfactorily performed, <br /> Truator shall reconvey, without warranty, the property then held <br /> hereuader. The recitals in such reconveyance of an�r ma�ters of fact <br /> shall t�e conclusive proof of the truthfulnees thereof. The qrantee <br /> in such reconveyance may ba designated as "the person or pereon <br /> = legnlly entitled thereto". Such requests and reconveyance shall <br /> _ operate as a reassignment of the rents, income, issue� and p�:o�its <br /> hereinbefore assigned to Beneficiary. <br /> � (j) Trustor ehall, without the consent of Beneficiary, create <br /> j or consent to the establiehment of a district which has taxing <br /> � powere. <br /> ACCELERATiON UPON DEFAULT, ADDiTIONAL REI�DIES: in tha event <br /> - of any default hereuader, Beneficiary may, at its option: <br /> _ (a) Terminate additional advances, if any, to be made under or <br /> � pursuant to the Promisso�cy Note or any building loan aqreement; or <br /> � <br /> = (b) Declare any sum secured hereby immediately due and payable <br /> ' and the same shall there upon become due and payable without aay <br /> ' presentment, demand, pro�est or notice of any kand; or <br /> ":: . (c) At any time, with or without notice, either in person, by <br /> aqent, or by receiver to be appointed by the Court without regard <br /> to the adequacy of any security for the indebtednese secured hereby, <br /> enter upan and take possession of such property or any part thereof, <br /> make, cancel, enforce or madify leases; obtain and eject tenantso <br /> set or modify rents; in its own name sue or otherwise collect the <br /> rents, incoxe, isaues and profits thereof, including those past due <br /> and unpaid; and apply the same, lese caats and expenses of <br /> operation, inc:luding reasonable attqrney•s fees, upon any <br /> -8- <br />