|
��i��°,�..�; '�
<br /> ����►. , �.�., . � .
<br /> ..,�w, ,w�+i�:.. _ .
<br /> K 4Ac�':: -�- -=`
<br /> 6.0696 i�Nc No. fi37
<br /> �.. �.��i�i
<br /> shall!n no w�y be impaired,wheth�r a�y cf�uth amc,unts are received prfor or sul�sqquent ta su�h
<br /> pror.eeding,electian ar�xe�.:Jse. Ccr�sent by B��efir.tary to any acti�n or In�ctiun o1f Trusbr whlch
<br /> is subjed ta con�nt ur a�r�v�!ui Benefiti�ry hereurtder shall not be deemEC!a waiver nf the right �
<br /> t�r�c,t�ire sE�r.h c+�nsent�r annroyat tA future or successive actions�r inaciluns.
<br /> ARTICdE VI
<br /> (!flsr'�i��►�
<br /> Section 6.8i. G�v�er.unr�l�w. 7his{3�of Trust shalht��gavemex�!r,►�hr.lasvs of the state
<br /> ira which the ProNerty is located. Ire the cwent that a�y prcr+�is�on or clause of this[?eed of Trust cunflicts
<br /> with appli�able laws,such c�nflicts shall not affect other provisior+s of this Deed of Trust which caa�
<br /> be giver�eff�ect without N►e conflicting provision,anci to this end the pravisions c>f this CDe�ed of Trust
<br /> �declared to be severable. This ins�trument cannot be w.aived,changed,dischargc�l or terminated
<br /> ' o�altjr, but anly 6y an instrument in writing signed try the paity against whom enfor�cement of any
<br /> ;:Jai�3:• c;;�.-,-- :f¢��:a:::•r�r rmirt:ir..-�:s s.:::ght.
<br /> ,.., ...o�,-. -.�:
<br /> • Sec�zore 6_U2. Waivrr Qf Rkhb. To the extent persnitteci by law,Trus�or waides the ben�t af
<br /> , all laws now�xisting or that hereahe�m.�y t�e enacted l+l pr�oviding for any appraisement before sale
<br /> ,�:;;:�',S� of any portioai of the Mc�Kt��g�d Prope+ty,and (ii)in any way extending the time for the enforcement
<br /> ;��?:l�, ai uhe coltedicx�c�f the,�cu�ted tDbligations or cre.ating or extendinq a peri�d of ned�mpeion frorri any
<br /> �"``� ���' sate made i��a�u�aecting the 5ecured Obligations. 'fo the full extent Tnlstor may do s�,Trustor agre�s
<br /> ��`���`��• that T�ustor w�60�not at any time insist u�nr pl�a,ciaim or take the t�es�efit or advantage af arry law now "
<br /> i:,ij. .
<br /> on c��neaiter in face providing for any appraisement,valuaticxti,stay,extension or reders�ptian,and
<br /> Trustor,ftx Yrustor,Trustor's repnese�tatives,s�c:ceswrs and assigns,and for a�y and all p�ncx�s ever
<br /> �i��;;;;;;�;,��,,I:!*°,.S°�3R�'.°�°�P._m�a�ty,rn tlw pxte.nt�em�itted t�y law,hcreby.waives anfi
<br /> releases at� ►�hts oi redemption,valuaticf+i, appraisemen►,sta�,o6 exe�utio�, notice of�iectian to
<br /> ;��:'::'�� matu�ar ci�la�re due tt�whole af tt►e Secured Obligadons and�c�arsFialing in the nvvent af funaclosune ,_
<br /> .`;`ti.y',,' . _ _ . .
<br /> .,_,,,�,, af the liens���ie�eby aeated. If any law refe+red to in this Secti�on 6.02 and now in fa�,of which
<br /> � Fn�stcx,T'nistex's heie�y�k.wisees,re�resentatives,successors and assigns or othcr persor�might take
<br /> aci��des�i�this�r,5kon 6.U2,shali herea�tsr lh��epealed or cease to be bo force,si�Gh 1aw shall ,
<br /> ,'}'�"` na��a�:���tii oude the �catia,of th�s seeti«,6.az. 7rus�or expressty:iivaives ar�t
<br /> �.-.:.�.. : pnec aPP�� . .
<br /> �P:'°�. reli[�uisE��.;���rsi�and aal rights,�cm�dies and defienses that Trustor may ha�e or ba abie•�ta assett t�r
<br /> , :r.�a,on of the taws of ti�e state in which the Prop��ty is located pertaining to the riRMs,remedies an�d.. ,
<br /> ^,���t`enses of s�re�ties. . .
<br /> • ' .:�.;s;�
<br /> •>�-. Slccia��+6.03. Lip�id��fJjd�. �Ilagee�tyenls bet�.�en Trustarand Benef'i�iary,wt�ether ,�,:�;;:,�,..
<br /> ;(. ,
<br /> ,-,.;�:;
<br /> ,;. �' now ex9stinp�'o'f hereafter arising and v►fiether ovriiten o� oral,�are expressly lirttlted.�a.that.in no ��t�;i::�,;`
<br /> „`,%-'- contingenGy a�event whatscever shall ihe amount paid,or agreed to b�e paid,to 6erle+�i��ia'ry, fc�the . '++ta�'r:�
<br /> u�e,fiabearaatce,or detention of tfie money to be laaned pu�t ta ttie Promissory Nate.`„t��¢�ery►�"��;;�
<br /> ';`;•: or for the pe�formance or payment of any cavenartt�or obligati�n conainec! hersie��:�;ccc.'l�1��V�9Kr::• .
<br /> �'r;;:'• maacimum umount permissible under applicabte law. If from any clrcumstance whatso��.er,;falflllme�tt
<br /> � � of aoy �x�avisian her�c�F at the time performance of such pruvisian shall be dur�;�;Yj'�II irevolve
<br /> ,.�a,nsee►,�ding the limit of validity presc:ribec!by law,then,�f�'.tQ,the c�bligation to be{ulfilled shal!
<br /> � ;��,k�e�red�xed to th�limit of such validity,and if from any sucl�circumst�nce 8eneficiary or holder of che
<br /> ��''� , i�romi 'sl shall ever receive at int�rest under the �'remis Note or this Llr:eed of Trust or .. �
<br /> ,_�__.�,,. SSOIyi,.,,, PIe 3�NY , .�_•.
<br /> :�;;;;✓- ntherwise�r��•�hing of valu�which v�auld exc�ed interest at ttx��righPSt tawful rate,st�da'.:�mount�hat ';•��'
<br /> _ wou{d be e�cessive interest shal)be�iieci to d�e redud'+on of ihe principal amount ov{r;+�g t�rKier the . :`�'.��'
<br /> , t��r,missay Note or on acG�unt of other Secured Ofoligations and not tQ the nayment pf inte��est,or if
<br /> - �urh exc:e�,sivP intere���?�<�ds the unpaid balance af principa!af tfie Protr��sor�Not�and;uch other
<br /> = Securpc#L''�i�;Qhons,s�icli�excess shaRS!�e refunded to Tnistor,tir ro the maker of the�'4c�rnaissory lVote,
<br /> or oft�r e�Y�i�m�e of Secured Oblig,atlt�•ai�;if atfier th�n Trustor. All sums paid or agrn�u�tp be paid ro
<br /> ,,�nef'�i�r�;�f�r the use, fort�e.aranc�,�or detention of th�e Sec:ured Obligations sha{i;'tb ths extent
<br /> _ : ��:;,m���y applicable law,be amatized,pror.�`;.�Ila:at?����spread throughout the full teim�f
<br /> � „ �:Yc�i���ans until payment in full so that the r��rp�oE interest on account of Secured Ubli�atior�ns
<br /> ' �'unifor,rri����;c���`��ghout the term xhereof. The terms and provisinns of this paragraph sla,ai�' control all
<br /> ' �reemers��°�aetween Trustar.Qr the maker of the Promissnrv Note. ar other �vide.r:w�e bf Sec�ared �`'"�
<br /> Qbtigations,if other than Trustor,an�Beneficiary.
<br /> � �� ' Section 6.04. �tatrments 6v Tnu�tnr. Trustar,withir�ten(ZO)al�i�+'s after being given notice,
<br /> ' will fumish,ar rausc�ta t�e furnished,to Ben�ciary a vtinitten st�tement stating tMe unp�aid principal of
<br /> . and interest cfn the Promissory NotP and any oiher amounts s�ured by this Deed�f�'rust and stating
<br /> that no offset or defens� exists against such amounts. Tru�tor will submit (+) annua) income and
<br /> expersse statea»ents on the Mwtgag�d Property and�ii)upon r�uest by Beneficiary,such other r�eports
<br /> and statert�enL�which are prepared by Trustor and its�presec�tatives and ages�ts in the ordinary course:
<br /> of business.
<br /> 17
<br />
|