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<br /> by owner's end opa�a4arc�04 slmll�r{�ropoeYloa �nd t�a�onoflclory mc�y roc�ulvo for 14u prutoctinn. Truotdr will camPlY
<br /> with su�h e�ther requlremente es Beneficlery mAy ironti time to time raquest for the protection by Inaurance ot the ,.T
<br /> Interest of the reapective partlea. All Ineurenca pollalos maintelnad pursuent to this Deed of Truat shall name Truator r,_y
<br /> '� .� and Beneficiery as Insured, ed thelr respe��tive Intere�t mey eppeer and provide thnt there ehall be no cencalta4lon or
<br /> ° *'�'� ;� modificntinn without ilfteen (151 t�pYa prior w�ltten notliicatlan tn Truetee end 8enoficlary. IN the uvent eny pollay ��"'-
<br /> herounder la not renowed on or before 4{fteon(7 6)days p�lar to Its exairetion dete,Truetea or Beneflcl�ry may procure
<br /> ..�.�• o�a}� ��e�►rance in eccordance wlth the provleions of f�era{�repi� 7. Trus4or :.holl dolivor to AAneflclery the nrlAlnal �.':
<br /> ��ti�.'_�� � s ��►!L'!� L� lUrrtlah nuah �°.
<br /> - � policlea of inaurenae and renewele there�f or cop�eo ot such poiicies and ra��uwnie t��asaa�.
<br />,,��, insurance by Trustor,or renewels ea required herounder, shall, et the optilon of t3eneficiary, constitute e default. All _-a_
<br />---'-- '' uneemed p�emlume ere hereby easigned to 7ruatee es additionel security, end a sale end conveyan;.e of the Property
<br /> .` � by the Trustae sheli operate to convey to the purchsaer the T�uetor's interest in and to ell policies of Inaurnnce upon �
<br /> , � the Truot Property. �
<br /> . . +� 6. Tex�s end Aessssm�nt�. Trustor ahail pay sll texes and epeciai �scoa�monta levletl or assassed against. or
<br /> _:4,; . '' due upon�the Property before delinquency end wfll deliver to Beneftciery cuples of reco(pts ahowing payment of such _—
<br /> ' �� taxes and specisl assessments. -
<br /> v � 6. Additionel Uan�t. Trustor shell meke ell peymen4s of lnterest and prtncipel,end payments of uny other charges,
<br />�` ' ` '' fees, and expenses contrected to be paid to eny existing Ilen holdors or prior beneficfarles under any prior Deed of
<br /> � ^�.�� 7rust, Mortgege or other security agreement, before the dete they ere dalinquent end to pey eny other clafm vvhich
<br /> ::f..: ;,.
<br /> , �•,,;;r. , jsopardizes the eecuriEy grAnted herein. �
<br /> ,•;;';. ,,;- 7. Prot�atlan of B�nsflciary's Sscurity. Should Trustor feii to meke any payment, fail 4o c�a any act as horein
<br /> '�.�•f;`,�: '�. provided or if eny action or proceeding Is commenced which meterlally effecta Beneficie►y's Interest fn the Property,
<br /> ,,��,,,;�j�'• ' including, but no Ilmited to, eminent domain. Insolvency, arrangements oP proceedinge involving e bankrupt or
<br /> :�'�`�:.�,,, decedont,then Beneficiery or Trustee, but without obligetlon to do ao,and without rtotice to or demend upon Trustor,
<br /> �'`'��;' • � and wlihout releesing Yrustor from any obligetlon heraunder, mey meke or do the seme, end mey pay, purcha�e,
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<br /> _: :�, contest or compromise endy encumbranca, cherge or Nen, which in the judgement of either oppoars to effect seid
<br /> �;�:,;�.� Property;in exercising eny such powere,the Beneficlary or Trustee mey incur a Ilebility and expend whetever emounts,
<br /> �=*:£4� including disbursements of reasoneble attorney's feea, which In thelr ebsolute discrotion mey be necessary. In the
<br /> _ _�;;;� event that T►ustor ehell fall to procure Insurance, fail to pey texes and speciel nsseasmente or feil to meke any
<br /> -„;_. paymenta to exiating or prior Ilen holders or beneficleriess,tha Beneficiary may procura auch Inaurance end meke such
<br /> =*T,•��.�''� �s�ma�� pu Qums Incurred or�xpended by�Aenoficlary or Trustee in eccordence with the provfslons of the�eed ot
<br /> ='=�=�"`�� Trust are secured hereby and,wfthout demand,ahell be immedieteiy due end peyebia oy Truyi��ar�i al�al:�a:.r lntess�:
<br /> :.:�r:._�1�f1
<br /> _ u:� et tho rate provided for edvancea under the Loan Agreement; provided,however, that et the option of the Boneflc ary
<br /> •� ;;�,�� or Truetee,such suma mey be ndded to this principel balenco of eny indebtednoss secured hereby end ehall beer the
<br /> ''—'��� same interest ea such indebtedness and shall be payeble ratAbly over the remalning term thereof.
<br /> ''��`� 8. Astiqnm�nt o1 RsnU. Fieneficlary shell heve the right,power end euthority during the continuence of thls peed
<br /> ot Truet�o coliect the rente, iseues end profita of the Property end af any pereonal praperty located theraon with or
<br /> - without taking posseaslon of the Property effected hereby,and Truetor hereby ebsotutely end unconditionally assigns
<br /> - - elt such renta,Issues end prafite to Benef�ciery. Benef(clery,however,horeby consents to the Truetor's collection end
<br /> --------- retention of such rents,Issuea end profits as thay accrue and become peyable so long es Trustor la not,et such time,
<br /> in defeult with respect to payment of any indebtednesa secured hereby or In the performance of any egreement
<br /> hereunder. Upon eny such defeult, Beneficiery may et eny time, efther In person, by egent or by a recaiver to be
<br /> appolnted by e court,without notice and without regard to the adaquecy of eny security for thn indebtedness heroby
<br /> - secured: (a) enter upon end teke possession of the Property or any part thereof end in its own name sue for or
<br /> otherwiae collect euch rents,Igsues end profits, including those past due end unpaid,sn epply the seme, less coste
<br /> and axpenaes of operetlon enQ cotlection,Including reasoneble ettorney fees,upan eny Indebtednesa secured hereby
<br /> and in such order ea Beneficlary mny determine: (b)perform such acts of repeir or proteation as may ba necessery or
<br />�--�--�-- proper to conserve the value of the Property: (c)lease the same or any pert hereof for such rental term end upon such
<br /> -_----= cunuiilai�s aa I.e JudSmont maN dlctete. l�nlesa Truator and Benoficinry epree otherwise in wrlting,eny epplicatlon of
<br /> rents,Issues or profits to eny indebtednesa secured hereby shell not extend or postpone the dua date of the lnstellment
<br /> ___—_ payments ea provided in the Loan Agreement, and the epplication thereof ea eloreseid ehe{I not watve or cure eny
<br /> � detault or notice of defeult hereunder or invattdeto any oct done pureuent to auch notice. T�ustor elso aasigns to
<br /> :: Beneticlery, es further security for the performdnce of the obligations secured hereby,ell prepaid rents and ell monies
<br /> ����� which may hevo been or mey hereofter be deposited with seid Tru�stor by any lessee of the Property,to secure the
<br /> __•�.��� payment of eny rent, end upon defeult In the performence of any o4 the provisions heraof,7rustor agrees to deliver
<br />-�;e.;��.�� such ronte end deposlts to the Beneilciary. Detivery oY written notice of Benpflciery's exeroise of the righte grented
<br /> _-.t;,=;� - here{n to any tenant occupying sefd premisea shell be suNfclent to raquire seid tenent to pay said rent to the
<br /> " -<:�s_�, Ben�ficlary untfl further notice.
<br /> - - 9. Cond�mn�tion. If title to eny part ot the Property ehall be taken In condemnetion proceedfngs, by right of
<br /> '��7�i�y�{,'�'���. eminent domaln or similar eCtlon, or shall be sold under threat of condomnation, all ewardd, dameges end proceede
<br />__::1 i�`!`.^'`� '_
<br />--,•,�.:sr. .-;�„• , are hereby essigned and shelt be pafd to Oeneficiery who aheli epplv such awerd,demeges and proceeds to the sums
<br />-�>;�•��."."''� secured by the Deed of Trust,with the exceas, if eny, peid to the Trus4or.
<br /> r.-��.,.�_, .
<br /> � 10. Fut�;ra Adva:sc:c. The Loen Agreement provides for �advences trom time to time to Trustor by Bondfic ery
<br />','�'`�� as provided theroln. In additlon,upon request of Trustor, Beneficfary, et Bnneflclery's optfon,prior to reconveyan�s °
<br /> '��'��>��1� ,,. .,.e a,...,a.�., *�tnp Trus:nr. mev meke additional future advences to the Truator. Such tuture advences, with
<br /> �_ . .���.�r __ �
<br />" '��"n� intorest thereson, ahall be secured by this Doed of Trust when evidenced by promisaory notes sioting tnat sa�d n�aies
<br /> .: .._ r,_.�.
<br /> �';~•: •-.v � ere securad hereby; provided thot et n�timo shell the secured principal and future advencea, not inclu ng sums
<br /> �:=� � edvancod to protect the security, exceed one hundred percont (10096) of the origlnel principal amounts secured
<br /> �. ��:�;.� •. �'- heroby.
<br /> ''-'�:�'�•'� �° 11. Remediea Cumuletivs. All remedies provlded In thia Deed of Trust ere distinct end cviriuli�vs�v eny othsr
<br /> � .� • rfght or remedy under thia Dead of Trust or offorded by law or equity, end may be exercisod concurrently. -
<br /> independently or eur,cessively.
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