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201007135
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201007135
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Last modified
9/29/2010 4:56:49 PM
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9/29/2010 4:56:49 PM
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DEEDS
Inst Number
201007135
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r <br />201007135 <br />Nevertheless if any lease or rent does take place then Trustor <br />hereby absolutely and unconditionally assigns all such rents, <br />issues and profits to Beneficiary. <br />Also upon default, Beneficiary may at any time, either in <br />person, by agent, or by a receiver to be appointed by a court, <br />without notice and without regard to the adequacy of any security <br />for the indebtedness hereby secured, (a) enter upon and take <br />possession of the Property or any part thereof, and in its own <br />name sue for or otherwise collect such rents, issues and profits, <br />including those past due and unpaid, and apply the same, less <br />costs and expenses of operation and collection, including <br />reasonable attorneys fees, upon any indebtedness secured hereby, <br />and in such order as Beneficiary may determine; (b) perform such <br />acts of repair or protection as may be necessary or proper to <br />conserve the value of the Property; (c) lease the same or any <br />part thereof for such rental, term, and upon such conditions as <br />its judgment may dictate or terminate or adjust the terms and <br />conditions of any existing lease or leases. Any application of <br />rents, issues or profits to any indebtedness secured hereby shall <br />not extend or postpone the due date of the installment payments <br />as provided in said promissory note or change the amount of such <br />installments. The entering upon and taking possession of the <br />Property, the collection of such rents, issues and profits, and <br />the application thereof as aforesaid, shall not waive or cure any <br />default or notice of default hereunder, or invalidate any act <br />done pursuant to such notice. Trustor also assigns to <br />Beneficiary, as further security for the performance of the <br />obligations secured hereby, all prepaid rents and all monies <br />which may have been or may hereafter be deposited with said <br />Trustor by any lessee of the Property, to secure the payment of <br />any rent or damages, and upon default in the performance of any <br />of the provisions hereof, Trustor agrees to deliver such rents <br />and deposits to Beneficiary. Delivery of written notice of <br />Beneficiary's exercise of the rights granted herein, to any <br />tenant occupying said premises shall be sufficient to require <br />said tenant to pay said rent to the Beneficiary until further <br />notice. <br />9. Condemnation. If title to any part of the Property <br />shall be taken in condemnation proceedings, by right of eminent <br />domain or similar action, or shall be sold under threat of <br />condemnation, all awards, damages and proceeds are hereby <br />6 <br />
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