|
.-..�.,��n��"" ,.:�j�t
<br /> , . ,
<br /> . --
<br /> , ..,a���6�`�1'F�'= '
<br /> _
<br /> . a
<br /> �'� " I�i'L. � , y- _.su _ __ .
<br /> . . _ tr_r. ....�.Y.�i'iLL ��...-���__— ...m�,_...
<br /> FitAt N+a..BZx.
<br /> 6.�59i�
<br /> n�«r �,,ll��'�F,�` a...�
<br /> Trusror shall further prnvide 4ieneflclary such�1her and further flnancla�l nformafl�arn an.�i M:��ita
<br /> cnn�cern(ng 1'rusror artd the MUrtpjaged Property as Beneficlary shall req�alre irs►m time tn ttmr�.
<br /> All flnarec(al data rec+�ulrec!to be�ravlded hereunder shall be in sur.h furan as BN�.PfIr.lnry st;all
<br /> approve.
<br /> ARTICLE li
<br /> ��L�iL'ELCJ�►Y'�S2bf�
<br /> At any time,or frortt time to time,without(fabiliry,therefor, Benr.Br,;;try,witi�r.+ut affr:etii�g the
<br /> personal Ifability,if any,of any pe+son foe paym�nt of the Ser.ured Obligation�or th�eifrtct cf tl�'vh De�ed
<br /> of Trust upon the remainder of said Mortg�ageci PrcpE:rty, may fr�m time to tEm�witf�:ailr����tice U)
<br /> release any part of said Mortgaged F'raperty�(ii)consei►t in writin�to the making ob an�/+rr�-�rn or plat
<br /> therec�i, tfii) foi� i�+ k�'���t�a;�y cascr.��: ther�r, (iv) j�1n irs any exb:nsiQm a�neetr►Rn��or any
<br /> agreement subordinating t1iF lien or charge he�eaf, (v)rel�ass any pers�.so Ila�ii�, (�ri?.�:�fiend fne
<br /> maturity or alter any of the terms of an.y Secured Ofrligatfoas,t�i+^,��ant other it�c4ul�en.ces�.(viii)Wke
<br /> cx release any othe+'or additional securi.ty fur any dalig,a►.iar i��+�is�s'��entiuned,(tx)malcr.�:r�m�ositions
<br /> or other arrangements w+dt debtors in felation the�'et�?,or(x);����r��:e additi�nat�ur�,'U to protect the
<br /> sec:urity hereof and pay cPr discharge the Secun�C3kb'`k,ations nf�'rustor hsn�und�r,an�ail amounts
<br /> so advanced, with interns�thereon at the rate �,���.i�d by tF►e Aromi�,s��^Note, shall be secu�ed
<br /> hereby. � ' .
<br /> A�TI�I�IEI
<br /> A$S1�GNh:Eh7 OF RENTS ISS� S�ND PROFITS ,
<br /> r'�;�
<br /> Section 3.A7. ��p[I�i1��_B1�t�t• 7'rustar hur�i;�a�:i�'t��alutely assigns a�l,i�ransfers ta .
<br /> Benef'�ciary al! the rents;,i�.�:�es and profits of thc►AAort�aged�rca�c'yf and hereby gives to and confers
<br /> upon Beneflciary di� rs�:;rc,�wer and authcx��!f.:Y.r.�`icollect such rent��.,��;r���and profits. Trushor' �.
<br /> i►reYOCabiy a�oint5 Be+r�+i�:�aiy its tru�anc!IawFUll�?�tmey-in�-fact,at th4�c����-�of Beneficiary at amy� , .
<br /> t+m�and from time to time,to take po�ssion ar�control of tF►e McxtBaSecl Prop�tY arxi to demand,
<br /> receive and enforce paym�ent;to give recei�ts,releases and satisfaction,and to sue, in the name of
<br /> - Trustcx or Beneficiary, f�ir all• such rents, issu��;;�+td pr�ts arx� apply the� same ta the S�curer�: :
<br /> Oblig,ations;pravided�,{ka�v�eve�,ti�at 7rostor�sha{11�1�s"��a+'���e license.�r.��aasess and cantrol th�e �
<br /> ' Mcmgaged t'n�p�tity�nd ttr c�llit�et ru�h rents; issues and profits (but not mc�ne than one month itt' ��
<br /> advance)Ixec�r t���arat�rany timQ titttr�1�+'cie�an Event of Defaulx tr+�c�er any of�he Lnan O�.tienatr�nts. The ,. .
<br /> assignment of�th�n r+�nKc,,i�sr�es and,��x:�i��of the Mtatgaged Prolirc��is�In this�lrticle Ilt is�t��.encled to be
<br /> an absolute as3ignmEint��i�o�c�I'uu�tor to 8ene(la�ar�`;ir�7d not merely the pa5si��of a s�curity interest.
<br /> ..,,.::. : . .
<br /> 5ectian 3.02. 5�.11�;$3S�.0_!��t� UF'�n any�Z�,�t of De�is�t�+nder an ,o�t the Le��n+"
<br /> pncuments;.Banaflai�tny�r►�ny,at amr time withaut noNce,eit,.i��r.;i�i person,by agent o!�a�iver
<br /> appointec]by a rouil�;��nd vaithaut re$ard to thn;:x.dr�n?ac.Y eF.�"y.:��urity for die Secur�d Ubtigat.ion�t
<br /> enter upon and,t,�kt��pA���=1on of the Mort�uj�ei�:��G�;��ityr.��,<�riY part�,e�reaf,and tn its own r►a���.
<br /> sue for ar ot#��rw�n��calltfc:t�6uch�r�3nb�,.lssu��s anr�i;;c�v�ts,it���+cY�ng�.�S��:S�st due and unpaid.�is,i¢9.���
<br /> appiy the:samo;.ld5�,�castti a�td'ex;lun[ias of operation anJ cal�S��ti�on, in��i�ding attcxneys'fees,�pon .
<br /> a►�y Securect C)Ulig�tians, and in such order as Beneficfary rria`y iletermine. 7he cnil�ction of such +"
<br /> rents,issues and�xn6ittl;,�nt�ie entering upun and taking posse�siun of t���'+ottg,aged Praperty,or the
<br /> . application tMereof a5 aloresaid,shalf not cure ar�svaive any default or rx:��is;�of default hereundes�orA;
<br /> inval�date any act done in response to such clefault or pursuant to su��►ra�Y,iee of default. ''''
<br /> ARTiCLE IV ,
<br /> S -ESV.RIliY�ll�,R- �vt�?�tx �
<br /> S�sian 4.01. C.reat�on of��itv Interest. With�•es�ect to any portion of tir�e Mortgaged
<br /> Prnperty whieh canstitut�Persona{ Property, fixtures or other propetty governeci oy�tne uniiorm
<br /> Cammercial�ode af the siate in wF�ich the Qmpe�ty Es lr�cated("UCC"),thi�Dc�d of Trust shall consti�•
<br /> tute a security agreemPnt t�etween Trustor as the debtor and Beneficiaey as the secured parry,and
<br /> Trustor here�y grants to H�nefician►a security interest in such portron of the Mongaged Properiy.
<br /> Cumulative of al!other rights af Reneficiary hereunder,B�'ne�iciary shall hav�all of the rights c�nferred
<br /> . upon secured parties by the UCC. 1'rus;or will execute and deliver to Beneficiary all financing
<br /> statements that may hom time to time be requtred by Benefic+ary to establish and maintain the valid�ty
<br /> and pri�rity of ihe ser:urity inter�st of Beneftiary, or any modificatinn thereoi, and atl costs �n�
<br /> expenses of any searches requi�2d by Beneficiary. Beneficiary may exercise any or atl of the remedies
<br /> of a secured party available to it urxler the UCC with respect to such property, and '+t is expressly
<br /> 13
<br /> _ _
<br />
|