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<br /> npttticattan to Trust�and Bsr�ficlaEy.ln tM�wnt any poticy Mnunds�ts�t r�n�w�d on or before tiftaen(1�dsya prWr to ` '`�, i•` `%'---_
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<br /> �'��!�-t:-3 i...r,��.�*�,�.�W,TmatM dr B�r�f�itr�mal►P_rocu�s aucA lnau�anci in ac�oMancs w(fh ths provleians of Paragraph 7• �.
<br /> - ` - - TnlstOr shW.dD1iWr to Ban!tCtaty!tN 0[�na -- . �!Q'— � — • -
<br /> — �� �cenawata tAereot Fa�lure to inm3sb aucA Insuranc�bY T�ata,or rtnewat�as raQulred Aaronnder.aha11.at the optton of � ` _ _
<br /> `� �� j Banatta[ery.copst{tuts�defv��L A�i unam�d pr�mWms ars hambgissipndd to Trsutee�as additional aecuriry,and a aats and �:� ,. .�.` " . ,';. :; ,_
<br /> r• . cQnvsyancs of ih�Properry by ths Ttustes eMii op�n►tA to conrsy to ths purchasK tfw Tru�tor's interest tn ana ta ail poileies � �. �"
<br /> -- ##�=��` ` o/tnaunna upon tha Truat Prop�rty.. � —' - -
<br /> J'`'�,�� � � 5.Ta�s�d AsMan�Nlb.Tniator snall pay atl taxsa and special asaaasments iavled or assessed asainst.or due up6n.the }. �
<br /> - ��',.-:�Y ^ j. �- .. _ :..,f
<br /> - �- :�, , , propKty p�fore�elinquency and witt Miiver to Bansflclary coples of necNpts ahowtn�payment of such taxea and spe�lat �..,
<br />— �_•.�,�r,c..��': ` iSSl5S111Mt3�. . • <. - :
<br /> 5.AdafiaMi Ef�:'irustor ehalt make a�i paynier►ts oi IntK�st and prtncip�l,and paymenta of anq othe�charges,taes,and i ,
<br /> � r�. exp�ns�s contwctad to b�paid to any eutatirq lien Aolders a prior henaNciaries undsr any prior Daed ot Trost,Mortpa�s or �
<br /> !;• +s:.y...�-..�.. <-`�:_ '
<br /> � =-�'��..' oth�r securtty apresrtNnf.betas the dats th�y are dalinquent and to pay sn�f other ctaim wt�ich jeopardizea!hs aecudt3r � � _ �,
<br /> j;. 1, rz-�, oth r , ���.
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<br /> ' ��.•.�4�'L:� � qtant�d heretm• _ ...
<br /> •.
<br /> � 4r � . �,�o�cdo�of�tlel�ry's�ity Shoutd T�ustor fatl to make arry psyment�tail to do any act as heroln provide0 or it i . ---.,,
<br /> �" any actlon or proceediny is commeneM whicb materiatty aNecta BeneNctsry'a ieterest irt the Property, includin�,but not ��.
<br /> -� -'-'<,'� ==-_ --- • limited to.eminent domain,insotvsnay.arr�nyements or proceedings Invoivin�a Danknrpt ar decadaat.then Beneficiary or � ,: , -_
<br /> �` �' . _ - 7ruatee.�utwithoutobtiQailontadosa.andwithoutnottcetoordemanduponTrustor.andwithoutreleasinpTrostorfromany � �.. _
<br /> � olbipstton herounder,may maks or do the aame.andmay pay,purchass,cont�at or Rompromiss any encum brance.c harye or � . _
<br /> -� � � ` � Iien,which!n tM Jud�ment of eiMer�ppesrs ta affect aaid Propeny;in exerctafnp any auch powers,the 8eneficiary or Trustee �
<br /> � " � " ` may Incur s Uability and expend white+rer amouMs„(ncludinp diabursemsnta of raasonabie attomey'a tss�.whicA in thetr ab- � ; '-, �-
<br /> �• -• • sotuts discrstion maY be naassa�►• �o the event that Trustor ahaii fail to procura[nsurancs,tait to pay taxes and special s " - '`�'-
<br /> ; ;�._
<br /> � � • � '� < asaessmsats er fail to make any psyments to sxistMp or prlor Uen hotders or bsnsftci�ries.the Benettciary may procure sucA � °� .=_ � ,• _
<br /> . ' inauranes and mske aucb payments.l�il auma ineurrod or expended by Beneticiary or Troatee Id accordance with the provi- � ` • � .��'__
<br /> - alona of ths Qsed of Trust are secured hereby and,withoat demanQ ahall bs immad�stsly dus and paya h te by 7rua tor and ahatl ! : , .„ ��-.
<br /> � � bear intscest at the rats provided fo�advances under the Loa� Agroemem;provided,,however,that at the option of the ! � �;�i
<br /> - � Qe�eticiary or Truates.auct�sums may 6e ad0ed to the principal balance of any indebtedness secured hereby and shall bear � , �
<br /> � �, :: the aame interest as auch indebtedness and ahall be payab(e ralabiy over the rematning term thereot � � -� °-�. - �-- -
<br /> _ ' .A`'�:;:'' 8,As�(�M af R�Ms.Bensficiary shall have the righ�power and authorlty durinp the continuance of thts Oeed of Trust to I ,. � .. '�
<br />�:���'' .' � , :�. "t`�. . coltect�!+�centa,tssues and praflts ot the PtopeRy and of aay peraonaf property located therean with or wtthout takln� • ,
<br /> '°. � �mss�s5;on of the PropeRy affected heroby,and Trustor he�eby abaotutely and uncondltionaily assigns atl such rents,issuea ; �
<br /> �;` �" � � a�r1�roflts to 8eneitciary. Beneflclary,however. hereby consenta to the Truators coltectlon and retentian of sacfi reota, ' �'
<br /> ,:,:.� � ,:�,,
<br /> '�`'�`•' � - lsaues and proiits as tbey accrue and become payable so tonp as Trustor la no�at such time,in detautt with rospect to pay- ; . • �� .
<br /> ;-r<< �, ,,� � � .
<br /> �•.;:;�,}, . ment of any indebtednesa aecured hereby or tn the performance of any aQreement herounder. lJpon a�y euch defavi� � . � .
<br /> � � 8sneficisry mAy at any tlme,either in person,by a�ent or by a recelver to be appointed by a court,without notice an0 without ,�,
<br /> • - �•�• teps�d to the edequaey of aay aecurity!or the indebtedness hereby eecured:(s)enter upon and take poaseasion of the Proper•. <
<br /> � ' . � ty or any part thereof and in tts own name aue for orotherwise cottect sucA rents,issues and profita,inct�dinp those past due � � •
<br /> ,' , and unpatd,and apply the aame,leas costs and expenses of operatian and collectian,includinp reaso�cable attomay fees. , ,
<br /> upon any inde6tadneaa securad heraby and in sucb order as 8eneftciary maydetermine;(b)perform auch acts of repalr or pro- .�
<br /> � tection as may be necesaary or proper to conserve the vatue of the ProDenY:(c)lease the same or any part hereo!tar such ren- `
<br /> � ' tal term and upon such conditions as fta ludgmeni may dictate.lt�!ess Trustor and Beneffciary agree otherwlae In wrtttng,any • •
<br /> applicatlon of rents.Issues or profits to any indebtedness secure0 hereby st�alt not extend or poatpone ths Oue date otthe in- :
<br /> ' staliment payments aa provided in the Loan Apreement,and the appiication thereof as afore�aid sha11 rtat waive or eure any � .
<br /> defautt or notice ot defauit hereunder or InvaQdate any act done pursuant to each notice.Trustor a►ao assigns to Beneficiary, : ,
<br /> . aa turther sgcurity for the pertormancs of the obliqations secured hereby, alt prepald renta and all montas whficb may have � ,•
<br /> ' � -`;:;�f'' been or may.5�areafter be deposited wiY�aald Truator by any lessee of the Property,to secure the payment oi any rem,and i `'��`'' •
<br /> , � upon defauit in the pertoramnce of aay,of the provisions hereof.Trustor agreea to deUver sucb rents and depoaita to the . .
<br /> � Beneficiary. OeOvery of w�itten notice of 8eneiftcary's exercise ot the rights granted herein to arsy 4e��nt Occupying saltl
<br /> � promises shall be sufiicient to requlre said tena�4 ta pay said rent to the 8eneficlary untit tu2Mer^�t:L3. �.
<br /> �� � • � 9.Conamn�tion.It titte to any pa�C 4'the Property shall be taken In condemnatton proc.�ew:�y�,by rigF�t ot eminent domain .
<br /> ' '� or aimilar actton,or shail be sold ur.�t�zF'�rea1 oi condemnation,all awarda,damaqes ar�G;f'viceeQs are hereby aaatgned and !
<br /> ' � .� ahall be pald to Benefic'ary who aha:f appiy such award,damag�and proceeds to tAe"s�r-ns secured by the Oeed of Truat, • �
<br /> '. with the excess.if an��a{�to the Truator. � - . � '
<br /> • • ' 10.Futun Adv�tfc�.�"ss Lean Agreerttent provldea fo�advarces from*.�:�s to tlme to Trustor by Beneticiary ae provided
<br /> ' thereln.tn additfon,upon raquest of Trustor,Bertet�elary,at Bes:eficiary's option,prior ta reCOnveyance of the Property to the �
<br /> ' � Truator,may make additlonal tuture a,*.uances to the Trustor.Sv�i future aavances,witrr��rest thereon,shall be secured by � .
<br /> ' �` thia Oeed of Truat when evidenced m3�rromtssory notes sta4i�y`�tat�aid notes are sec:c°��hereby;provlded that at no time , �
<br /> ahatl the secured principal and future advances,not inctuding s��s advanced to protect tN:security,exceed one�undred per-
<br /> � • . � cent(100%)of the original principal2mounts s���'ed hereby.
<br /> ' 11. R�m�dbs Cumulativ�.All rerrtedies provided (n this Oeed ot Trust are distinct an0 cumulative to any other right or .
<br /> _ remedy unde�this Oeed of Trust or alforded by law or equity.and may be exercised concurrently,inCependently or successive• .
<br /> ' :.�.� . ly. .
<br /> ' � . 12.AcC�ration;RNn�di�s;Sal�A detault shall exist in tt?�event o1: .
<br /> (A) Any iraud or misre�zesentatlon by the Trustor in connection with the Hne ot credit which thia Oeed ot Trust secures;
<br /> • ' (8) Any faiture on the:art ot tha Trustor to meet the repayment terms in respect to the Loan Agreem�nt and any other ad� .
<br /> � - vances under this Oeed of Trust he►eby secured;and �
<br /> (C) Any aCtlon by the Trustor prohlAlted by the terms of the Loan Agreement or this Oeed ot T�us1 or any failure of the Trusto�
<br /> to aot a�requtred by the Loan AgraemeM or this Oeed o1 Trust.each of which TrusEOre�2�reby agreea have an adverse et- • -
<br /> • � ' • teCt on the 8eneficlary'9 security tor the Iine of credlt esfablished and the rights a�cha 9eneficiary in such security.
<br /> " and upon the happer.,��of any such event of de}aulf,Berteficlary may declar8 ali sums secured hereby ImmQdlafely due and '
<br /> payable by dellvery,ta Tr�stee of w►itr.en declaratian of default.?he Trustee shal l have ths powe►of sale o!the Property,and it �•
<br /> Beneficiary desires tr.e Property to�Le sold,lt shall depasit with Trustee thls QeeO of".t�ust and a1t promissory notes and
<br /> • documents eviaencing Q�enditures secwed hereby and shait CeUver to 7rustee a written nofice ot default and etecUon to
<br /> � , � cause the PmFeHy tb b$5otd,and ihe Tiust98 in turn shali prep8re a ntltice in the ferm required by law,wMch shall be duty til�
<br /> ed!or reccrd by Tiustee. .
<br /> .___..._:_...� •.�... __��:___�_ _ . Ep� p{�p��t�pg�gisactE Llme as cnay b�reQuireA by.law toltowing the recnrdatlon of said notice ot.default,and noNca ot
<br /> - delault and natice of sate AaWng been given as reqWred by taw,Trustea,without demand on Trustor,shall sell the Proper- � � � �
<br /> ' , ty on the date and at the time and ptaae designeted M satd notice of salA,at public auction to tha nighest bidder,ihe pur-
<br /> ' cha5e ptice payabte in lawfui money of the United States at the time of eate.The person conducting the sate may.tor any
<br /> . cause fia deemsAkpedient.postponethe 9ale from time to time untA 1t shall be compteted and.in flvety suCh case.aotiCe . F _ .
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