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<br /> �.�� Fllr No. fl37
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<br /> 5ection 6.US. �jq�m. Whenever Beneficiary�r 1'rustnr shali rlesire to glve nr serve any
<br /> no�ic��+�ernand�request or cather canrrtunicati�n wit1�respect to this i�eed of 7rust,each Sueh�oticp,
<br /> derr�ar�d,request ar dh�r communication shall b�it�writfng a��d shall be deecneri to have be�n given
<br /> if sent by hand de�iv�ry,ovemight c.o�rier or c�e+tlfied mail,�stage prepaid,addressec)to th�fc,llowing
<br /> addresses:
<br /> If tc�Tr�stor: Milan E.Timm
<br /> 23J Fast Carrillo Street,Suite D
<br /> Santa Barbara,CA 93101
<br /> If to 7ruste� First National 8ank of Omaha
<br /> or Benefiriary: 1620 DoclgQ Street
<br /> Omaha,Nebraska 68i02
<br /> Attn: ftobcri).Harak,Vice President
<br /> With a conv ta: l�P�Paladc,Esquire
<br /> Polack,Wcrt�f�ey Se lYoia,N.C.
<br /> 410 Fi�st Ti�'eion�l.�laza
<br /> 1 i ail4lh'�st U�ai�e�.��vad
<br /> OmatW.N�braslca �y54
<br /> � Any pa�ty may at any time charcyq±e its ac{dress fcx such rv�1�h��s by deliv�ering to the cKher parties hereto,
<br /> as afcxesaid,a notice of sucts r:�ange.
<br /> Se�tion 6.OFi. �. The captions or headings at the k�egirsning of each Sectiaro Ya�r�of are �
<br /> for the conveni�ee of the parthe,and are not a part of this Deed of 7rus�
<br /> Secticx�5A7', ' ' • • . . . '� . . . If ti�e(ien�€b".o:i4.;LleecO
<br /> . of TrusY is invalid or unenforc;eable as to as��s pan of�the Secu�d Obiigations,or if the liere�F�i�alid
<br /> or unenforc�able as to any pa�i of t{�e Mo�tgaged Pra�i.y,:the unsecured or partially seCurei��p�jitiat ,,.
<br /> of the Sett�red Oblig,atior�s sha��l�e c�tnpl�ete]y paid{AC�ar�tG the payment of the retnaining arxl sectit+ed�:;`:;�..°�
<br /> portion caf the Secured Obligai�ons,and a15 p�yment�m�de_�n such obligations,whether volu»t�ry or `� .
<br /> under fcx�eclosure or other enforcement actioii or proc�dure,shal�k�e�+�+�,siclered to have bee���irst pa+r�
<br /> on and�ppdied to Nte full payment of that portion of the Securecl.!�i'ala�,ations which is nnt secured or
<br /> , ,ti,,
<br /> fulty secured by the lien of this�3eed of Trust. To the r.xtent an}►.�vriff i�t ex+sts,fal�•.ween the terms of
<br /> the Comm�iiment Letter ar�ci.;�?�tenns of the othe� l��r�.��icri���'r%+ohts, the teiii�:��of th� other Loan
<br /> Docume+�ts will govem. ' ��. �,:, .;,•
<br /> ',.•`;�,,,�;� Section b.q$. �. To ti����ctent that proceeds ofthe Promissory Notp oradvane�s .
<br />.,. �� �.: ur►der lthis Ueed of Yrust are used tn pay any autstand�.ry���tis►s,ci�ar�e or pRior sncumbrance against the :.
<br /> ' ';';�,`�. Mort�g�d Properry, such procecds or advances t►��r�.��en ar will be advanced by Qeneficiaryat ��. ,
<br /> Tru�or's o+e�quest,and Beneficiary shall be���:rogatc�i to anq ar�d ai!rigF�ts and liens held b�r any owner
<br /> � ��..�•�� dr holdet af wch outstanding liens,char�?�r�d�rfor encumhran�s,�iR�e'Pertiv�uf r�vhether said 7ierts,
<br /> :.`;,�f,, _
<br /> � t charges or er�cumbrances are�eleased of rzcord.
<br /> :. ,,. 5ection 6.09. Cha11g�in _ �ia. If ihe ownership of the Moit�,aged Property oF any part
<br /> �' `��` chereof or inte�itl�'►erein be�:omes veste,d in a perscxrothcN'than 15ua�or owning the same on the date
<br /> . � hereof,Benefic-i.�f:jr�r►ay,without notice t�S Trustor,deal with suc;3��srx<ecessor or successors in interest
<br /> witf�reference to 4hiis Dee�ssi qf 1'�ust and the Secured Oblig,atEons ii��r�he same manner as with Trustcx
<br /> without iri any way vitiating or discharging 1'�ustor's liability hersunder or upon the Secured
<br /> �bligartions. No sale c�f the Mortgaged Property,and no forbear���on the part of Bene�ciary,and
<br /> no exter►sion of,t'��►time for the paym�t of the Secured Oblia;ar?.u.r..s, given by Benef�i��,ry, shall •
<br /> operat�to r�leas�;ilischarge, modify,ct��nge ar affect the ori�ir.�t;�iabilEty,if any, of Tru��r or the
<br /> li�rb.iiaiy of any gu�rantors or sureties of Trustor,either in whole or in part.
<br /> , Section 6��0. �y�i��+�+�'±!t af Ben�fic_ia�,y'glntere�. It is ex�ssly agreed that any and al�terms
<br /> 7' of this Deed oF�'�.�xst;the other loan D��+i�Qnts and all other ag�t:�s��:�ts rnade or executeG4�S�y Trustor
<br /> -�� -�- -J�--�- —C---� .
<br /> . .. or oth�r� in favc��",�f Beneficiary,dn�at�rignts,powe�s,priviiegies,•vpiivr»a���«������:�..�.��
<br /> upon Ben�ficiary i►,ereire aiu!therein,shall inure to����`�e for the be�efit of Beneficfary and may be
<br /> exerc'ssed by Beneficiary,its successors and assigns,a�id the word"Benaficiary"shall a{so mEa�a and
<br /> incl�de the successor ar successors and the assig�or assigns of Bene�ciary and its successors and
<br /> �"• assigrss. Trustor hereby spec+fically grants unto B�eneficiary the�ight and privitege,:�t Ber�efic+ary's
<br /> option,t�transfer and assign to any third person ail or any part of Benefrciary's rights to receive funds
<br /> or payments hereunder.
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