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<br /> IT IS MUTUALLY AORE�U 7HAT: �*"r",�=�__ —
<br /> UTIaATION:T�uNorsh�IldNendthisTruaNnsnyqcticno�pracs�dln�purpohlnptoaHsatsuahproyMty,wtwtherornot � ����
<br /> r or wws of 8sneticl� ot Tru�t�s,�nd shaH tU�and ��,�,r_"-.-�_-°--�_
<br /> it atlects th�sscurity h�rwf,or purportlnp to a8�at th� I�hts po ry r-- �--
<br /> � pros�aute ell n�ceuary cloims a�nd qctlons to pnvsnt or ncover tor any damaps to or dnt►ua�ion ol wch properfy,end
<br /> eitherTruNseorBensflol�ryl�hereb suthorized,wfthoutoblip�qonwtodo,tocomme�cs,appeari�ordetende�ysuch #:�;fi-� ,
<br /> sadon,whstherbrouphtbyo�ap�inelTrustor,BsnsticlaryorTru�tssawflhorwithoutsult,tosxerolssor�nlorc�a�yother , ' �
<br /> � rlqht,nmody or pows�awilsbt�or conlsr�ed hereund�r,whslheror not�udpment bs wntsred in any aatlon or proaNdinp; . . , ,, �-„�;:_: --
<br /> andTrustororBeneticlsrymayspps�rorintervenslnanyaaqonorp�oc�sdlnp,�ndrst�IncounstllhK�ln;andqiksauch �*`;�
<br /> { ecdonthenin,esslthermaybsadvissdendmeyaeftls,com�u4missorp�ythssameoranyothsrclaim�and,inthatb�hall : .�..,. ,;_;r?�=�
<br /> -_-= and Por any of aaid purpoaea,may expend and advance auch auma of money as either mey deem neceeeary.WhNhN or not • � �- �'�4�
<br /> ' Trostor so appears or dsfende,T►wtor on dem�nd shall p�y dl cosb s�d sxpsn�of BsneNclsry and Trune�,I�cludin� � '.��'�=�N•�4��
<br /> cast o1 evidance of title and allomey's hss In a reasonebk sum,In any such�cdon or proceedinp fn which BeneNciary o� i .
<br /> . T�ustee may eppear by viRue of belnp mede a perty defends�t o�otheMriae and Irre�peative o1 whsther ths intsrest oi �
<br /> ' BeneNCi�ry or T�ustee In auch p►operty is dir�ctly qusstbned by euch actlon,Includinp but not limitsd b,eny acUon for the � �� -�__�_w• �
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<br /> !��!��!�•p of,er!�1e n►^�'�In�R �mdar,sny aecondanr lien on such propshlr. eondemnatlon a pardtion o7 such j =`"'{'"``:—
<br /> property,and any auit brouqht by Bensficlay to loreclose thls DMd of Trua. r.-;r:};�?�"�
<br /> .f��_•_
<br /> CONOEMNATION:All suma due,paid or peyable/o Trustor.or eny succe�sa in inte�eat o1 T►ustor,whether by way of 4 ��•�--�� —
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<br /> judpment,aetdement or otherwfae,(a)br inJury or demepe to suoh properiy,or(b�In connecNon with any condemnsdon f ^ _
<br /> (or public use or injury to auch prcperty or any part thereof,ar�c)in conneatlon with the tnnssctlon flnanced by the loan , � �� .�
<br /> � aecured hereby or(d)a�lalnp out of ell cauaea of ection.whether accruln�betore or elter ths dota ol thls Deed of Truaf. • '''"""'�:::
<br /> sounding in tort or contreot,inaludinp cauees of actlon for t►aud or concealment ot a meterlAl fact topether with the ' ' �►•��`�"
<br /> � aettlemenb,proceeds,awerda and damagea,directandconaequentlal.in connectlon therewith are hereby ebaolutely and , ' •� � _-
<br /> �' irrevocobly eaaipned and ehall be paid to 8eneticlary.Beneficiery shell beendtl�d.at Ita opUon,to commence,interrene in, ; . "`=°�T
<br /> appear in and prosecute in Its own name,any ectlon ot proceeding,o�to make eny compromiae o�se111emenR in • � � a�=�-r:'
<br /> � connectfon wfth any such taking or dama�e.Trustor ag�eea to execute suah furthe�assipnmeMa ot any compensadon, � •� y
<br /> - ' award,demaqes,rfqhts o1 acUon end prxeeds as Boneiiciary may require. `�
<br /> r :--
<br /> All amouMs received b Benelicie � • .j -.-
<br /> y ry purauant to this Deed of Trust under any tire or other inau�ance policy,in connectfon
<br /> with any condemnatfon for public use of or inJury to such property.for injury or damegeto auch hereby are to be applied at "
<br /> ihe optfon of Benel�iary upon any indebtedness aecured hereby.The application,useor release of auch amount shall not �, .:.,.� �—
<br /> cure a welve any default or notice of default hereu�der or invalidate any act do�e purauant to tuch notice. �-
<br /> CON3ENT,PARTIAL RECONVEYANCE,ETC.:Trustee may,et eny time.or from time to time.without liability therefore. "`°� -
<br /> -• and without notice,upon written requeat of Beneficiary,end without affecling the personel Ilebility of any person fer � .__'==
<br /> payme�t of the indebtedness secured hereby,or the iien oi ihis Deed oi Truai upw�the re3�i�ai�ttier of$uCit p�'op8rty f�ttts - _
<br /> � iull amount of the Indebtedneas then or thereafter,secured hereby,orthe rights or powero of the Beneficfary o�the Trustee � �
<br /> - with respect to the remainder of such property,(a)reconvey any part o1 such properiy,(b)coneent to the making ot any
<br /> ° ' mep or plat thereof,(c)joln In grenting any easement thereon,or(d)jol�fn any extemion apreement or eny a�reement
<br /> aubordi�atlnp the Wen or oharpe hereof. ` _
<br /> FULL RECONVEYANCE:That,upon written request of Benelfclary atating lhat all s�ma secured hereby have been paid •: _
<br /> — ' and all obligadona secured hereby heve been sariafecrorily performed, Trustee ahaN reconvey. without warrenry,the .
<br /> � property then held hereunder.The recitals in such reconveyence of any meKera of fact ahall be conclusive proof of the
<br /> � � truthlul�eaa thereot The grantee In auch reconveyance mey be designated aa"the peraon o�peraona legelly enNtled _
<br /> ; thereto".Such �equeats end reconveyanae shall operate as a �easaipnment of the rents,Incom�,iasues and profits �_-
<br /> hereinbefore assi�ned to the Beneticiary.
<br /> RIOHT TO COLLECT AND RECEIVE RENTS AND PROFITS:Notwithstandfng eny other proviaions hereof,Beneficiary � �
<br /> hereby gre�la permission to T�uator to collect and retein the rents,lncome,issues and proHts of such propeity as they „
<br /> becomo due and pa�yable,but�eserves the right to revoke such permisslon at eny tlme,wfth a wNhout ceuse,by notice in
<br /> writfng to Truator,mailed to Trustor at his last known addreas.In any event,auch permiseion to Trustor shell be , .
<br /> automaUcelly revoked upon default hereunder by Truator. " �'
<br /> � FINANCIAL INFORMATION:Trustor wfll provide to Beneff ciary,with►�90 daya of the close of each tiacel yea�of Trustor,e
<br /> consolidated balence sheet and atatement of earnings of Trustor and any and all guer+antora of the obligetlona secured
<br /> hereby and wfll provide and deliverto BeneNcfery such otharfinanclal informotl0n pnd in suah manneras Benericiery mey
<br /> • dlrect f�om dme lo lime.
<br /> � : FINANCIAL COVENANT:Trustor ahall comply with and shaN cause any and all guarantors of the obligation secured
<br /> , hereby to comply with,or be in compliance with,the iollowinq financial covenants:(This pa�yraph shell be non-applicable
<br /> ; ff covenants and requirements are not rilled In below.)
<br /> � CrG�71�Vf vc�r+ai�i:iv�ji vi ,�io iviiv�io�y o�vi�ia oiiuii vo�voa�o i Bi�o�mu vi vol�auii iioiviiiw8i. -
<br /> (a)Default ahall be mede in the payment of eny installmentof principal or Intereator eny other aum secured hereby when
<br /> � due:or
<br /> (b!T�uator should breach or otherwise be fn default under any term,covenant,agreement, conditfon,or provision
<br /> �ontainod horein or in any buildiny loen aqreement or in eny other eyreement secured hereby;or
<br /> (c�Any repreaentation or covenant made herefn,in any bullding loan agreernent,or ir any other agreement secured
<br /> heroby or�iven in co��ection herewfth or eny fndebted�ess secured hereby ahould be 1a�:s or mieleading;or
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