|
::. . . ...... .. . . �,�� _ .
<br /> r._ � ci',:� , _. _�/w�1�RM
<br /> �,� .: �
<br /> .- - -------__. . . . ..
<br /> r._.,
<br /> �� ,. , _ - —
<br /> {��yp _ }y�,, � �
<br /> . �� -. .�.�'��'-.�,.R�@!41 ��dr�r.�:i�_ °It ..te.4��Psl. . R+_L�S`�'°�"r--
<br /> .�..t._ . , .,__ _ __ __ — . .'
<br /> .i _.._ . __....— ,_.�—e- _M_
<br /> ___
<br /> =�'�,•_` ���aa�� '_'�'-- � �,._-.
<br />':�z:r�sz �"aL` ---- _ »w-,.....-.�"-.'-. -
<br /> � �--'------ .. . .
<br /> ..__..� .. ..--�----9. -
<br /> .. —.-... t.n�...�.�.....--�--_—._.�.-'-----
<br /> C"� ` • _".
<br /> : ¢���� �1.����!�� �_-
<br /> !�y owner'o er�d cswera'tors of eimller properties and as Bene4lclery mey require for ite protectlan. Yruator wlt�c�mply
<br /> with auch oth�r �equiremente ��Beneficle�y mey irom time to time requeat for tha protectlon by in9urance of the
<br /> In4brsat�f tha renqective pertlea. All Insurence pollclos m�intefned pureuent to thla Deed of TrusB eht►11 neme Teustar
<br /> end Benoficlnry ne insured,as thelr�espective Interest mey appeer and provide thet there shell be nu cancelletion or
<br /> niodifica4l�i�j wltilout �Itteen (i F1 dnye prlor written nntiflcetlan to Trustee end Beneflalery, IM the event nny pollcy
<br /> hareunder la nat rens:-�^� on or before fiftean(15)days prlor to ita expiretton dete,YruRted or E3ene�iciery c��ay procure
<br /> auch Insurance �n accordanr,A with the� provisions of F'ereglreph 7. Truator ahali deliver 4o Beneflciary the originel
<br /> paltr,leA of Inaurrsnce �nd renewala thereof or coplea nf such policlea end renewels thereof. Fallure to furnlah such
<br /> fnnuronce bV Tnatstor, or renewels ea requlrad hereunder,shall, et the option of Beneficiery, constitute e defeult. All
<br /> un�nrnad premlur't�s are hereby essipned to Trustee as edditfone! eecurity, end a sale and conveyance o}the Property
<br /> by 41ti�Truataa ai�nll operate to aonvey to the purchaser tho Trustor's Interest in and to all policiea of insurance upon
<br /> tlto 7ruat Propart�r,
<br /> 6. T�sx�o �+nd As��ssmont�. Trustor shall pay ell taxes end special assessmente levled or assessed against, or
<br /> duo upnn,ti�e prEJparty be'fore dnlinquency and will daliver to Beneficiery capSas of recefpts ahowing payment of such
<br /> toxos end spc�al�l assess��ents.
<br /> 6. AddiNortnli Ll�m. Trustor she�l make all payments of interest and principal,and peyments of any other charges,
<br /> foon, ond expenAres contrected to be peid to any existing Ifen holder�or prior beneficieries under eny priqr Deed of
<br /> Trust, (4fioct8a9a �r ni7e� �eav�tY �9rc�rr�ent, h9fore 4he c��ta they ero delinqueni end to pay eny othar clalm whlch
<br /> Jno�ecd�,ties the aracuPiry grenta�l_har�in.
<br /> 7. ��utentioih ot Mn�fl�PArU'�s.Security. Should Trustor fail to make eny peyment, fail to da any ect es hereln
<br /> Nrovided or ff en���e:tlan or prc�n��a�ling fe aorn�nencod which materially affects Beneflclery's Intorest in the Property,
<br /> Includin{�, but nr� lita�ited to, eminent dam�jn. Insolvency, arrangetnente or proceedings irivolving a benkrupt or
<br /> docodoi�t,thon 13enoficla►y or Truatee, bui wlthuut obfigetion to da sm,and without not(ce to or d�mand upun Trustor,
<br /> nnd wlthout rAlrsasin�Truator i�am eny obUgaUon hereunder, may maka or do the same, end may pey, purchase.
<br /> contAat or com�sromiaa andy encumbrance, cherpe or ii�n, w�sich in the Judgement of either eppeare to attect said
<br /> Proporty;In axar�cising eny such powers,the Beneficiary or Trustee mey incur a 1lability and oxpend whatever emounts.
<br /> fnrluding disburKemeqts nf reasonable attorney's fees, which in thair�bsalute dlaceetion may be�ecessery. In the
<br /> event thet T�u�ator shell teil to Arocure inauiance, feil to pay taxes a�id speaial dssesament� or fail to meke any;
<br /> peymonio io e�i�iAtir�a ar��lar!1�r.h�!s!°r=^r�+!�"ficlaries,the Benefi�larY mey prncure such tnsurnnce and make such
<br /> payments. All+sums tncurred or expended by Beneficlary or Trustee in accardance wlih the provialons of the ueeci oi
<br /> ' Trust ere sacur�sd hereby and,wfthout demPn•8,ahe11 be Immediately due end payabie by Trustor end shall boer Intereat
<br /> et the reto pro�rided 'tor ddvances under the L�oan Agreement;providad,howev�r,that et the optlon of the Beneficiary
<br /> or Trustoe,our.h surne may be edded to this principel bnlance of eny 3ndebtedness secured hereby�nd sNall beer tha �
<br /> sAme Intereat ns such indebtednese end shall be payable ratably over the remalning term thereof.
<br /> 8. Aasl�imwnt o}R�rttt. E3oneficiary shetl heve the right,power end authority dur(ng the cantinuance of this Deed
<br /> of Trust to cnllect the rente, (ssues end profits of the Property end of eny personal propeny loceted thereon with or
<br /> without tekin�qossesaian of the Property effected hereby,end Trustflr hereby abaolutely end unconditiona0y e�aiynq
<br /> ell nuoh rentn,issues md proflts to Beneficlary. Beneficfery,howev�r,hereby conaents t�the Trustor'�callxtion and
<br /> retontlon of tsuch rente, issues end protits Aa they accrue end beccSrr�p.paYable so lon�es Tru�tcnr la not,et such time,
<br /> (n dofeult uulth respect to psyment of eny indebtedness aecured hereby or in the perfo�mance of any agredment
<br /> heraund�r. Upon any such dete�ult, Beneficiary mey et any time, either In pereon, by egent ar by e recaiver to bs
<br /> eppointad I�y a court,withaut notice and wlihout regerd to the ede+qvaoY of any security far the Indsbtsdness hsreiay•
<br /> secured: ta1 enter upon end tAke posseaai.4n of ti�e FropertY or any �en thereof and in its own name �ue fnr pr
<br /> othe�wiso collact such rents, fasues and profita,including thuse past d�a end unpeld, an apply the aame, les�c�ste �
<br /> end ox�enrsea of operation end coliectlon,inctuding r�asonable ottorney fees,+�pan eny indebt�dnsss�ecured hereb�► •
<br /> dnd In auaiti order as 9enefictery may detarmine:(b1 perfosrTS such a�te of repm3r�i�r protection as:nay be neceassry o�
<br /> proper to�:unaerve the velue of the Property:(c)leasa the aeme or�n�>}�art hereat for such rentat te�m a�d upon suoh
<br /> condltlana es Its Jud�mAnt may dictate. Unlese T�ustor and 6eneficiary agree othsrwise in writing,any appUCStion at '
<br /> rents,les�:,ea or profite to�ny lndebtedness secured heroby shall not•exiond or postpone the due�lAte of the InYtAltment
<br /> poy�nonW.as provided in the Loen Agreemant, end th� application thereof e��,�foresaid ahall not welve or cure any
<br /> dufeuit ar. notice of default hereunder or lnvalidate any �ct done pursusnt to'auch notice. Ttustor elso a�t�igna to
<br /> Bonoticiairy� es furtt�er security for the performance of t�e abligationa secured hereby,ell prepeid rents and all monles
<br /> wl�lcl� m��y have b�an �r mey hereefter b��deposited with said Tavsto�by eny leasee nf the Propetty,to securs the
<br /> peymont of eny:r�,r�t,end upon d�fauli i�3he perfnrmence of any�o'f the pravisions hereof,Truator egrees to delivor
<br /> ouch roi�ite and�laposits to tho�E3ans91cf�ry. Delivery of writtan notice of Beneficiary's exercise of the riphta granted
<br /> ticrein tf� eny tena�nt occupying said p�emises shall b� s��ificient to �equire saEd tenont to pay eefd rent to the
<br /> eenot�clr�ry until SuYihar notiae. � �
<br /> - g, tCondamnt�ClOn. If title to eny part af the Rroperty shell bo taken in condemnatton proceedings, 6Y right of
<br /> ominon�domein o� slmiler ecYion, or ehall be �old under threat of condemnation, ell awards, demeges end proceeda .
<br /> aro I�er+�by aaaigned ond shell be peid to Baneficlary who shet{eppty such eward,damagea and proceeaa to the sums �
<br /> sacur�d by the DeESd of Trust,with the excess,if eny.peid to the Truator.
<br /> 1(}, Futur�Adwncte. The Lonn A�reement provides for edvances irom time to time to Ttustor l�y Beneficieiry
<br /> - _ �_ �JdLt�r ..........e.,��oa*nt 7n�stnr.eeneficierv. at Beneficiery'8 OpL�Of1,prior to�econveyence
<br /> na prl�Vided mere�in. n.ovv,.,�••. �r—•••_�------ -�-- • .
<br /> of tier� PropartY to the Trustor, may make edditional future edvances to the 7rustor. Such future advances, with
<br />� Intoriest therean,sitell be socured by this Deed of Trust when evideroced by promissory noteg stoting that seid notes
<br /> Uro �+ecured hereby;provided thet et no tfine shell the aect�red princtpal and future advances, not including sums
<br /> - adva►icod Lo prutect tNe security, exceod one hurtdred �ercent (10096) of the original principal emounts securod
<br /> horctby,
<br /> = 11, Rrmedl�s Cumutativ�. All remodies provtded i�i�la D�d�`Trust are dlstinct end c�+muletive to eny other
<br /> - ri�ltt or remedy under this Qe�d of Trust or effnrdad by Inw or equity, end mey be exe[cised,c�c�r�ontly,
<br /> :_ Inti�pendentty or succosalvely.
<br /> 12. Acceler�t��on; Remsd(gs:Sals. A defeult shell oxtst !n the event of:
<br /> (l�) Any freud or misrepresentetlon by the Trustor in connection wfth the line of credit which this Doed of Trust
<br /> secur�ea;
<br /> :ti � aoa•2
<br /> � oi�a
<br />:��., •
<br />___
<br />;':I _ - _ _ _ _
<br />
|