.... -•-+vur?`:r:A4? ..._ .
<br /> L•:1�A.�."�+.6: - rw�a:.
<br /> � .ti:�c'�Y�Y�rwn ...
<br /> - ,•p����W�� ._
<br /> Y•v1f;J"#f i�.:. ..
<br /> ,
<br /> .
<br /> .l. W .. . . . ._. . . ._. . __"_
<br /> , �`!,��� �. . .._-...
<br /> .... . ... .. .. ..... __.._.
<br /> ' � 6.l169S Filc Nu. tl3% �
<br /> D�" ��/�i .
<br /> assessments or char�es of a simllar natur�,wheth�r public or private,affecting the MortgaBecl Proper4y
<br /> ur a�iy�o��io��������c�f,w�c�hce or not such tar,es,asspssments or charges are liens thereon. ,
<br /> S�ct�n� � �Z. ,�dX. Trust�r shai!appear in and cantest any
<br /> actian ar proceerl(ng pu�nrting to affect the titie of Trustar in the Martgaged �'roperty or security
<br /> incl d ng cost af�evidence oftidp and a�t�neysufee�, in any such actDan oriprocteedin� in which -
<br /> Beneficiary ar Trustee may appear.
<br /> Section 1.13. {�.�Q p_rS�'�'s,.[1�-��il�. Should
<br /> Trustor fail to make any pa��ment os to du any act as anrl in the manner provided ln this Qeed of 7rust,
<br /> Beneflciary,in its sole discretion,wi!hout obiig,ation to do so and without notice eo or demand upon
<br /> Tnista and without releasing Trustor f�om any Secured Obtf�ati�n,may make ar d4 the�ame in such
<br /> �ranrter and to such Pxtent as Beneficiary may cie�s��� r►�c�ssarf►ta prctect the se�:e4riry hereof. In _
<br /> connection therewith(withaut limiting its general pnwers�,Beneiiclary shall have and is iiereby�ive�i
<br /> the right,but not the obPigatian:(i)to enter upon and take possession of the Mortgaged Property;(ii) ,
<br /> to dirnct Trustor to terminate any management agent and to employ such management agent as
<br /> Benefictary may determiris in its sole discretion; (iii) to make additions, alt�rations, repairs and
<br /> improvements to the Mo�gaged Property which it may consider necessa.r/or proper to keep the
<br /> Mortgaged Prope►ty in gaod condition and repair; (iv) to appear and parciripate in any action or
<br /> proc:eed'+ng affecting or which may affect the security hereof or the rights or powers of Beneficiary or
<br /> ti'>r.4stee;(v)to pay,purchase,contest or compromise any enc�embrdnce,claim,charge, lien or debt
<br /> `�,i��fch in the judgmenl;of Bene$ciary may affect or a�pears ca�trect the security af this Deed of Trust
<br /> or�e prior or s�perior nerei�;aiiu t�i3€�����'��;•����':'-"'�`>t'?�'Y R�'a�Y exqe�ses.including
<br /> emplayment of counsel or other necessary ar de�ir•aale consuit�nts. Trustof 6hall immediately upon `..,
<br /> ' .. dem��d therefar by Beneficiary pay a4B cos�s and eicpenses inc�r�ed by Benafi�iary in c�nnectinn with ,;,. ,�
<br /> the exercise by Beneficiary of the foregain�ri�hts, inciuding without limitatlon costs of evidence of .
<br /> � �iR3e,court costs,apprai�,aS4,surveys and attom�ys'fees. •
<br /> . � • Sectirx� 1.14. �.�►f ��ie9. Tr�istar shall fully and faithfully satisty a�d perfo►m tt�e . .
<br /> $ecured(Jbligations. All representatit�ns,warranties and covc�ants of Trustor conwines!heCein shall� �
<br /> rfi.�ain continuing ob14��ions,warranties and representations of Trustdr during any tirne when any
<br /> purtian of the Secured�';�9ligations remain autsWnding.
<br /> Sectian 1.15. j��R,�'�, Should the Mortg,agec!Prc�aertY.or any part th�eof or intere�t �, ; .
<br /> 1� � tF�in,be taken or cfarn�d by re�as�ra of anv public improv�rnent or condemnation proceedin&t�; „ ;;;,:;'
<br /> ;:,�;:��.
<br /> �n any other manner t".��i'n+�i�r�tnation"), or stto��ld Trustor r��ive any notice or other infarmaf�t�►t� .
<br /> ;;,��eg,arding such proo�ye�xsc��,7rustor shall give�r+atnpi written notine thet�eaf to B�neGciary. �en+y(iG+?'�i!,
<br /> ' �may pa��t��ipate in a�ty'�sti���r Condemnation pr�ectlings,and 7rustor sha�k•!�!'�m time 6o fime►d���V�r:
<br /> �,�,'i� to Beneficiary all instrume�its requested by Beneffciary t�perm�it such par'tl�ipation. Trustor shail;��F' ,-,,:r
<br /> its expense, diligently prosecute any such proceedin�s an�;�'shall �onsult with Beneficiary and its �,�;,,.,.`<<."
<br /> aCexneys and experts,�nd cooperate wixh th�n nm�tj��cartying on ar defense of a�y such proceedin�s. :';,;,,,f+"'
<br /> Alt wroc�eds of Candc��n.ation awarcls or proc�'�c)s:nf sale in lieu of Gar�demnation with�ect to tb!�t'•
<br /> • Mortgaged F'roperty a�t��all judgments,decre��ai�d awards for injury or damage to tFie Mortgaged
<br /> • Propeity or any Krart there.c+f or interest the�in shali be paid t�Beneficiary and shatl�ie•applied first to
<br /> aU costs and expens�s€:�rt�e:tred by Beneficiary in obtaining the proceeds. Provlded n��v�ent of Deiault ,
<br /> has occurreci here+�r��,���1 no event has oc�c��rred which,with the�ssage of timc�or the g+�in�of.
<br /> notice,or bochP wou��onstitute an Event c�i�.���ault,the balance af 2h�e:proceeds, if any,sh�i��l��.be
<br /> ' applied at th�optinr�of Deneficiary li)towar�a9¢�;rin&restcxi»g or rek�uilai�+g the Mort�aged Pr�'�.��rh',
<br /> or suth pation ttteres�f thac may have been attec�d�darnag�ci9:eir destroyed,or(ii)ag,aa:��t surms�eG�ai�ed
<br /> e
<br /> hereby in such o�de�g�a Beneficiary may in ita k?hralute di5�s•etion elect. If gene�ciery'el�ct3',r��t;to
<br /> apply a!I af the C�w�i^n;aation prnct.�eds for tt�e:a�;�oration or repair oE th�Mortgaged Prape+t�h''FrtzsT�r
<br /> shall not be requSe.±�t�to repair or resrore Niat portion of the Mortgaged Properly aff�.Y!ee�_.�Y
<br /> Beneficiary's etectiem��.^.d the fatlure to do so shall not constitute a breacln by Trustor of its oFaligation
<br /> ._.L_ .. �o........e....�o►f,,.r�,cn c�r�nr��.�a hereof.
<br /> - ---�--- . .
<br /> [o ma�nceai ate n�.�p,��.,....�,....T ...............------- .
<br /> 7rustor hereby assigns and transfers to Beneficiary, and a�rees to execute such f�rther
<br /> assignments of, ali such proc�2eds, �udgments, decrees and awards as Beneficiary may request.
<br /> Bsne�clary is hereby autharized,in the name af T�ustor,to execute and deliver valid acquittances for,
<br /> and to appeal from,any such judgment,dec�ee mr awarcl. Beneficfary shall not be,in any event ur
<br /> circumsta��ce,liable nr responsible fur failure to collect or exercise diligence in the collectian of any
<br /> proceeds,iudgmerots,decrees or awarcls.
<br /> Section 1.16. Additionz ���ritv. In the event Beneflciary at any time hotds additional
<br /> securiry fcx a�y of the Secured C)bligations, it may enforce the sale thereof or otherwisr.realize upon
<br /> the same,at its c�tiUn,either bsfnre,cancurrently with or after any sale is made he�eunder.
<br /> 9
<br />
|