|
. ._.; J . ' ; • ' i�,_ . ,F�' F. �` ' �.� '
<br /> �,..%: i � �...�._.:.L'...�..t .�--��GS.�.=...�...�.�_». .._� .�..�_...._...._..._..�._.�.__��_...�.. .Pa, 4 A'.
<br /> �..�.�'-�J
<br />. �,y� • f �� • �tl,,'5��,
<br /> 7. 'ITne Benaficiaty stall havE the rigIlt,pass�r aad�uthority during the oontinuaace af qhi�I��6f'���rends. ..
<br /> ' issu�aad gmfats of the property anB af arryy peiscsnal P�P�Y Iacated diereon n+iih or n�tl�a+ct 1K�ing�o�na►of tt�Pt�2rtY �
<br /> aff�h�ebY,aad Ttnstors hetehy absoluteiy and unco�ditioaally assign all su�h mnts.is�rrs tmt4�psa�ass to the ts�s:iary. 'I1te „
<br /> I-� b�t:fiaary.�a��r�r,tte4eby oonsents to Tnsstors'eollec4ion aad tei�ntian of suc�t�:�i�.ir�c�es tetsi•preffit&so lo�g as Tr-�;ai�a� = -=•=--`
<br /> s not,at such tiffie. in d�'anit with rapsxt to paymQnt of any iadcbtedness seciued��t►y,oz in the gerfomiance of anY a�meut
<br /> � hereun0er. If any event ef defaa�lt descsibed hereafter in ns{sect to this Deed of Trn�s,'�t�l b�►�ao�rred a�d be contin�ia�.the .
<br /> :,�-.::�-:_
<br /> S Ben+Gfiaary.as a maue�r ef right and�vithaut aorioe to Tm�tors or a��one ctai�,ing undez Tmsztns,and csithoua negard to t�value af
<br /> ��3 the trssst�aie or the Eatrs�af the Trnsi+ois th�nein, s5all 6ave the right to apFly to am�osast.i�n�vin�jnr'ssdic�ion to ag�soint a '.:
<br /> . ;,
<br /> � ; reaeiver of the ptopetty ,:'�r;�;;,"�
<br />_�.:� t1. T'�Be�&riary. ox its a�ents, an autho�i�ed to enter at a�r rea�nab3o tim�upea ar in anY t��� P�P�Y for tl�e ;r;+,;'_:.
<br />';;;;� P�P���8 the saaae aad far tfle pu-�j ose of�rfarming an3'of Yt�e.^s�ut�y rm��ihtrttr�to�baam t�sr the t1aa3s af -
<br /> a�y loan ins�uaemts exec�ed by T�FO�s.
<br />.;;>ti� 9. If a11 or aay part of the property or any inter�st of Ttu_MOrs is sa'�.trdn�'mmd ar.�ter encumheae�witl�aut il�e�mRt�n - _..
<br />' ``j ootssent of thE B�tiary,ihs Bsaeftciary may dedaa+e all sams seAUe�6sy this TntsA Deed W be immediately due aad pa3raht�ar�d �r4:."',
<br /> .':� pm�ed w tbe remedies avaitab2e m ii aader t�e defanit pr�visions oantai�d�cin. .,�:�r`�
<br />:., � 10. Aay af the folloR�ing evems strall 6e dsemed an e��nt of defant�hereunder ; ;�:__
<br /> �,� � TNSYOIS S�I b34'C�IICd i0 IIIBI[e p3y�IIt Of 3IIy inctaNmeest Q���j�f OI llif?iE3t Qr 8IIy atI3�F SUlOS S�CIII1°��'/PJIIFA t:��'-,
<br /> � � �}a°�t�
<br /> b. Thete 6as oeaured a bmach of or�efanit nnder any term,. covenan� ageeemen� candition. prmrisian, rep,�+,s-�=r.tis a* ;-";�.•s.:
<br />� ,� war�anty oontained in tbis�ofTrasl.ihe note or a�other loan in5orumem secure�hemby. �,.,�,..,.
<br /> c. 1�ere i�as beea a de6ult try the Trrstms in the payment af aay ptior or sabsec�u�tt lien or ena�mf�rance i�c�,�t��i�?«gay �;-��,-_''
<br /> �:�� ���g�,,.n, '°:��.
<br /> .` d TYUSLOis s�all 52e a veiuntary p�rion - bank�aptcY �`
<br /> in or st�2 �e ad�adicat�d banlau�ar iusalvem, or shail a�an �!,. . ...
<br /> assignment for the�xie�t af ae�itots m�speci to tLe pmperty,oa aa adian b enf'a�e a�p tien or encvmbtance or,jn�d� ,
<br /> a�t�epmpeity is w� ` � -•
<br />:�� �' lY. In the eveM of any def�IY,the Benr.fic�ary maY deciare all ind�bledness�ad Fser�+�be due and pay8bic and the same =�:�'�,,,
<br /> sbal!�on beoom..due and gayable without aay gre.sen�ent.demand,Frotes�ur natice r��1� Tbet+�ier,tLe Be�fiaary ''�----`_"
<br /> may. —u•-
<br /> .�.:�• �. either ia peisan os by agem,witL or wiUwirt briaging anY acaon or pioaaeding,or by�eoeiver aypointed by a�t and �
<br /> •n ��d���yy��y�ry,��n and take pas�n of the P�P�Y,ar�Y P���in its awn _
<br /> �� nam�.or in the aame of the TzasteG and�aA��y acts which i2 deems n�y aud�sirai�2e ta Dt�ve Uje vala� ��''
<br /> ma�tc�;e�iiity or r�abibity af tte�Ry,or pdrt therea�ac iniecesi tberein.���xlse ineome therefcom or prate�a tUe
<br /> s�ic�y.Ihe�f and,witLaut taYras��.'�ion af the Pmpec2}-,�ve foi or othetwise oollest��s rzu4s,iss�es aad pmd�ds t�c� �-�__--�---�--_='
<br /> ... i�th.ase gast due and ua�id, and apPt�'the same,less c�sts a�expea�zs aff��io�aad aolia�on. irsludin$ �
<br /> �y fep,npon an,9 ind�sec�c�.d�',all in soch mrder as the Beneficiaty�ay d�iu� Tfss e�sing upan ' ,�...�,a,H,,
<br /> and�g pass�vn of tbe t�ust estarc,the collectIon of sach�i�s and pmfits aad agplication tLetteof as afotesaid �` ��_�
<br /> � �$ sbaU not cane or wai�ve anY�i oz notiee ai cig;�tt�..-ce��'+!�t:rt2tP a�►a,�_����to a;,.�:�:.ra ---
<br /> . p�to scch uotix of de�iS�and nataitbstandinS the oanriimanoe in posse�an of the p�tp or tLe aolloc�oa.cme�pt ���_-
<br /> • and apg2iqtian�reat5,issu�s or profits,Tmstee or t�BeneSdary maY be eatitled to cxercise evcry dgh�p�ided for in auy �.----_
<br /> af tlje loan ias�meius ar by law upon aoc+urenc�of aay event of defan2t,iuc�uding the ri�ht to euercise tbe paazr�sai�
<br /> . b. ooma�x aa 2s�a to fnreci�,this IJe�ef Tia�as a m�np,�� a�pAint a re+oeiver,or�1Hy eafniae aaY�of tbe �r:
<br /> �, -; aovr�anYS heseo� -��
<br /> e. dtlivra w Ttt�ee a written dcxi�tati�na af dsfanit and deu�and foz saI�and arrittea nuoia of defaalt and e�ction to camse �,:_
<br /> T��intemsc in the prapem;.t�1�so1�,which norice Tmstee sball raase to be duly ffied far�ooid in tL�offcial�aords
<br /> of the caanty+iawluch the prape�ry is iaraieQ : ' �� '
<br /> �:'�12. Sl�otttd t�Beoefraary elxt w f�reciose 6y exe��se af t�e pawtr uf sate t�a oontained.the Bet�e�aarq shaD eotifp'�7tOStce . .,,. �.�� , �
<br /> !�;, and shall't�t wiiit Tnutoe tbis I9et�,of'Pmst a�d th�e uate aad s�sch roeeipt5t and eviQetx��expe�dimres m�d e a a r�:s�e o c e d : �_�`-.
<br /> 6eeeby 2����Y?�I�.��'�re�.�t of tlte Eeneficiary.tLe'Fiust�oe sLall caase t�±D�zeoaeded��blisLcd and� �_
<br /> us
<br /> ' � to T�r�Notioe of,Default and Notice af Sate as tI�eu zeqmred by faw and by tbis Deed�'Yr�t.T�s�D�vlt�wt dem�d �t-��
<br />- �.� afier sucL��s 41�ea be ' by law a�aftet reoordation of soch Natioe of DrfaoB ud aR�r NatioE�S�k --
<br /> ;� ,7n`Trastor..
<br /> . Iiayiicg t��_�iven Ps c�¢i�d by�,seU the pmperry at the time and plaee of�s�3e fixe�i by it in sQCL Notice af S�Ie,eittiec as a �_�
<br /> � �1 'r ��hoie�e�ian��eparate l�s�or parceis�s items as Tnutee sHall deern expedient,ancD in sucL order as it may d�smine, at poblic �`_,
<br /> auc�,ion tai9tre.id bidder for c�.m�i�u�all deliver to such p�t�aser or p�hasers thereof a�!w tLepmperty so1d.oamistent �
<br /> �
<br /> � �rifb tiic�+then in eff�t. RedtaLs im c�"ae Tn�stee's doed sria116e prima faae evidenoz of tbc�t�sh of the staQements mzde tLertin. ��
<br /> � v nstoe shall agply thc��Casrxds of the sale in thc follawing order.(a)to all c�s:�aab3e oasts a�expenses of 3he saY�inc�Ging b�rt ��--_
<br /> r�liatited to Trustoda fimw�9f not maie tLan 2%af th�gruss sa�s price,reasou�is�e�ttamc.y fees and oosts of titio evide�(b)to all �'=N�•'..
<br /> snmis ser�.�bi+this�1 of Tr�st;�r�d(c)the excess� if anY,ur atua peisc��rr pe�s�us 9�11}r eaoitto0 t1�+eto. Aaq pelsan. %•�:---
<br /> instvdiu�;�9ioE•?ea,eficiar;�Pt�c�tU!�=cs�d P�pCrt3►at said sale. '^�may in the manucrr m�vided by 1aw,PastPum��of all --- °-_
<br /> . or a�+�bun of tLe pr,s',,�tty. _���
<br /> 13. Ttustee and the Frrxic.f�,ciary.a�t each of them,shall be enuded to enforce payment and performance cf auy ind�ittt�L�ess or _--
<br /> � � oblig�stian set�d hcrc4Sq;t�d to exarclse atl rigbts mt:4 pou•era under Wis Des�of Ttnst or un0er aay la�a'u ias3ru�ent ut at�cr �-'
<br />_ agraem�t or any laws�r or herpfter enforoed n4�wic�utanQing so�or all of the indcbiedaes9 and ctii�ns searuad 1hct�DY -----
<br /> �! whtch mtr�tiaw ar hereafter be othera�ise secvred, wt�ther by mortg,ag� de.ed of t�nst. Pled�e. 1iea,assignment or}�tc�rLe. �.��_=-.--
<br /> � . Nsither tI�e aooeptanc�of this Dad of Tmst nor its enforcement,whetber by oa�m actian ar pursuant to Q�e power oi saI�cr mt�nr �_ -
<br /> , poc3+ers beiein cuntai�l.sh�lt prejudice or in acry a�anner affed Tzastee's or the Btneficiays aght to maiia.t upon cr e�"on�e any
<br /> ot�er sxnritY a�c►'or 6em�8er held by Trustce or the Benefiaary, it being ageed tbat Tmsl�e aad titcs fi�neHciaay,and c�ch of �G °•-
<br /> ti..
<br /> � tt�em,shuri Ue entitled Qn eafane tbu�DPed of Tnut and auy ather secoctily aow or haeaf�r I�rZd Hy tltci Beueficiary or Tm.�icx in � �.�-:-••
<br /> svch o�and mnnner a,q ihCy m�y in Itte'ir abSOlute disctet[on detclrQtitto. No Temedy hec�in coufeeted upon or r�eived Ym Ttnstee �,�,__'�,.
<br />�. or Beaeficiary is intend�0 to be exrJusive of an}r other remedy hereia�or by laiv p�vidrd ur pe�iucd.�ut eash shall be cumutative �°_,."=�-
<br /> and sball i�e in addition w every ather nemedy given is�u.ader or now or hereafter existing at law or equity or hy statute. Every � � �
<br /> . poa�r or remedY Avcn i�Y�Y of tt►�toan instrumenln w Tiustee or ttie Benefcciary or to v�luch either of t�em�a}r be o�ttemrise ���
<br />� ensiticd may tre exsrci�d,oonciurentty or iadep�n�tiy.from time to time anrl as often as may�s deemed ea�edient by Tr¢siee or '"'�--°=
<br />. . B�frciary,and eiiher of th�m may pu�se inoonsistent remc�ies.Nathing tcecein shall be coastnird as prohibit'sng the Benefrciary .����:.
<br /> fram seeidng a de8aeacy judgment against Tn�smrs to thc extent such actian is permitte�hy laiv.
<br /> 14. Tmstots heselry request a aryy of any�asice af ddauit and that any naiioe of sate heceander is�mti2e�to Tcustms a3 We �•
<br /> address set forth m the first paragraph of tdus i�d of'inast. -_
<br /> � ,�.
<br /> � .
<br /> , . . . . . .. , . ,.. . . . . . ,. . '
<br /> , . , � ... .. , , ... � . . '. •
<br /> . . � . • • - � . . „ . • . . -
<br />
|