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<br />^ 9�'r i1D'�934 � - ,
<br /> • ot obsolete.provided that such petsoaal pmpe�ty is repl2ced with other personal property at least equai in valus w 8►t • - ' � .
<br />'< � replaced persoaa! propt�rty. fr� fmm eny tide rete�tion device. secunty agreeraent or other encumbnwse. Such `� �.: ;. � �
<br /> teptaoeatent of gersonrJ pmperty will be deema9d sub}ect t,o the security interest created by this Deed of T'rnst. Grantor - . '
<br /> shall not partitlon or subdivide the Ptopeety wi�hout l.ender's prior a�ri�ten consent. L�der or I.ender's agenu rn3y>at . _ , "
<br /> Lesuder's aption. enter the Fropeacy sx any reasonable time for the purpose of inspecting the Proper!y. Any ins�seaion of � • - .- --
<br /> �, the Propexty shnll bt eatirely fo�Lee�er's b�efit and Cnantor w�71 in ao way rely oa Leader's inspection. . !
<br /> � 13.AUTHORITY'i'O F�II�OIItM.If Grnnwr fails to perfoim any of Grantor's duties under this Deed of Trnst,or aay other
<br /> m '
<br />—T- .. mnitgase, d�xi of trust� liea or atree security inierest that has priority over this Deed of Trust, Lender m3y, witteout . . : �
<br /> notice,P�rform the dudes or causs t�enn to be performed. Granwr appomts Ixuder as auomey in fa.�c to sign Giaator's � _ -- -- __ _,
<br />� ' ,� namt or pay any amannt n�ry for perfotmance. If any canstr�ction on the Property is discontinued or no2 carried oa - ,
<br /> • in a reasonable�aner. I.endee�ay do whatever is ne�y to protea Leader's ssauity interest in th:Progerry. 'I7�is
<br />. may inrdude oompledng the cansicucdon. � �-=��- •`��—°=r -
<br /> �-;�:.-..-�,_'.....
<br /> Leuder`s right to perfoem far Gransoi shall aot create an obligation to p�rfomm,and I.en��er's fa�7ure w pecfoYm wiU aot ;' . . *��'�
<br /> p rf f ._:..• -.�._:��`�'.;��
<br /> . prerlude I.ender from exercising any of Leader's other rights under the law or this Dced of Tmst. Any am�unts p2id by � �...��:�,.�:..._.
<br /> Leader for insuring,p B F 8 P�Y :���=��,y���.�•
<br /> �.�r reservin or otherwise mtecxin the Pro and Iznde�s secarisy in�st wall�e duP on deimand �;..,;c;,�:-: _
<br /> .� .n..�-:.-:r-.
<br /> and will bear intenst from the daGe of the papm�ut until paid in full ai the � r�sr: �effett f�nsn tim� to timz , . ;�,,��,,, i
<br /> aocording to the teims of the Evideuce of Deb� -��;�; - -..
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<br /> 14.A�SIGNi1��OI�LEASES�A2V�REtd'fS.Gra��nr iisevocably grsnrs,m�•+:ps and selLs as addisional saauiry all the — _
<br /> riB�t,atle and interest in and w aay aad all: °;--��--
<br /> �, ., A. 1:aistiaS or firtnre teases.subieases.lic�ses,g►�aranties a,:.d any oues��or verbal ag�eem�nts far the us��r3 :�_�.,
<br />' '� � �P�Y of any gortion af tne Propertp, i�stnding any extensions., �r�ea�als, modificatin�s ox sub�titations of ;.,,,_- —
<br /> � � s�rh agreemEUts(all rcferred to as"I�eases"l- - .� ��"'
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<br /> . -:...: B. Rents,issucs and p�fits(ali referred to as°�ents'),including but no2 Ii�ited w� . .,'
<br /> �Y depc�.miniuwm zent, �- ____ .:°*�_---,
<br /> �.�,-:--
<br /> . , peroentage cent. additional rent, common area ma;ntenA*+� charges, Parkmg c��, r�al �state ta�xes. ather r��":,:.�.:` _
<br /> applicable taxes, ins�uance p�canm'buaons, liquidated dama8es fallowing tir��It.carsellrliam p�, s�•__^ �
<br /> r��' loss of:ents°it�suraace,revem�s,royalties,Pmce�ds,bonuses,and all rigri:ts and claims whish Crnwivr may have .,,,.-,.�. = T
<br /> � ` that in any way pertaina to or is on aa:aunt of the use or occupancy of die whole or any part of t�r Prop�cty. •�-^� � _
<br /> ' • Grantor will proa�dy provide Ixuder with hue aud co�rect copies of all e�i�;anb fuwre Leases.�r may couecx,
<br /> rec�ive,enjoy aad use the Rents so long as Graator is uot in�1�.Cna�ac w►�i not collect in zd��any Ile�ats du�in
<br /> fature lease pe�iads.imless Granvor fust obiaans i.ender's wriur,:t oanseat.U�S�defanit,Gxaanor wi}1 tcseive a�►Rents in ..
<br /> tiust for Lender and Giantor arill rot oommiagte t�e Rents with any other f�ir-.Any a�naun�s wllectr�d a�Il b¢applied at . . . . _ -
<br /> Leadez's dlsccelion w gayments oa th�Sav�I�t as therein pmvided,�a�ts of managing tPi:Propaty,induding, ,':-. �;:' :.r:
<br /> • . . but not limited to.a!1 taxes,ass�,insu�c��mi�.s•rePairs,aad�'sions to r�l ag�ec�w,a a d to any o t h e r ":`�: ..�,{,. � �t;+`. %�:.
<br />' ;';;. aeoessary r�ue�exppenses inclnding I.ender's attozucys'fees,paralegal fces ami rrnzrt costs. ,�':''r'"`��'�`; : .
<br /> e .
<br /> :�'.:` :r Graator aclmawledges that tbis ase�gun�eat is perfecxed upon the:ecording of Wis Dead of Trast aac!thae I.ender is entitled --- ',,;� . ...,_
<br /> ta natifSr aay of C�aator's t+xaants m make payment of reais due or to become due w Lender.Howeve:,�eader agrees tl�t ' ' „�.:,s�
<br /> only on deftwlt w3ll Lender notify Grantor and Giantor's tenants and matce dm�ard tLat all funue R�ibx paid directty to , rn'
<br /> .' Lender.Oa:ecsiving tL+e notice of default,Granwr will endorse and deliver tn bxader any paymmts of 1�2eat ia G�anLOr's
<br /> Possession. . ''�� _
<br /> Gzantor ooveaants that no def�It exists under the Leases or auq aPPlicahle landlord I�. Grant�oi also cavest�ants and �.,.-�-
<br /> • ' agrees to maintain,and to requi:e the tenants to comply with,t!�e L�sr�,�a�aaq ap�iir,�r�le law. Grnn¢or alU pmmptly !"�'� '�`--��,_ -
<br /> � �"==_
<br /> aotify Lender of any noncompliaace. If Grantar�oz zef�s e�c-nfnrcc:�a�gf�,uffx wh8 th�trrmg of the Leases `�. ' . _..__
<br /> + �.�.m...._._,��-,.�-.-��.
<br /> ., � . then Lender rmay, az I.ender's a tion, enforce ccsm�'�iance. Crautor cr�I r,liqu�,n Leuder's wrlttea auzhn�niion b�fare `t�;,• ,�:-z- '-" _ °
<br /> ' .;I, ±t:.�{ Grantor oansents to snbla,modiiy.c�cel,or es��vise alter t�e E.e�,irn m�xpt the surrendee of the Property covered --�-
<br /> `,i::;; b Y such J.tases (ualess We Leases so requirc)� or to assign. wm�a�se or encumber the Leases or aay firtiue Reats. s'^,:; . '--
<br /> . ...,.. danoage that Len�ee ma
<br /> . :c r Graator wW hol�Lender bsrmtess aad indeamify 1Lender fo:r�uy�d all l i a h i lity.loss or Y�� .�r-��:
<br /> � a rnnsequenoe of the assigmnent trader tlils secc�on.
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<br /> 1S..COi�IDONflNIiJA�ES: PLANIVED UNT� DEVEL�PIlZENTS. If the I�rr�x�:tp inclndes a unit in a wndom3IIium or a �� �- �
<br /> • .�.��_r;��i planned unit deveSapment,Graator will perform all of Cranto�'r,�unci�r riU:wvenants,by-laws.ar regulmtians of the --
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