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<br /> . r�r E notlfloatlon to Ttwts��nd B�flol�ry.ln th��wnt�ny pollay h�nund�r I�not r�n�w�d on or b�fon fiftMn(16) �ya pr or o
<br /> ' '��• � Its�xpintlon d�t�,Trudw or B�nNlalrry m�y proaNr� �uoh In�urana�In aecord�na�wlth Ih�provl�lom ol Pinpraph 7.
<br /> �.,.- . Trosbr�htll d�llwr to B�ndiciary th� orlple�l pollol�s of Irnunna�and an�w�ls th�r�of or aopl��of �uch pollol�s�nd �.
<br /> j� rsn�w�le th�r�of. F�Ilur�to lu�nith wch Ineunna by Trusta,or��n�wal� �s rpulnd h�r�under, �h�ll,at ih�optlan of
<br /> ���r • , °, ,� 8�mf1alWy,�oalstlWM�dNudt.All un�arn�d pnmlums an h�nby a�sipn�d to TrsutM a��ddltlon�l s�ourlty,�ru:a ud�and
<br /> � . ... aonv�y�nc�of ih1 Pro�rly by ih�T�utlN thall op�r�1�to co�lv�y 10 th�pu�Ohaa�1M Trostot's Intsnst In�nd to�11 pollol�s
<br /> S „ -'..._���°�- ot I�wn�c�upon th�Trust Proporty. � _ '_ - -
<br /> ,,�, . „ '�"'� S.T��»�nd Ass�s�m�nts.T�u�tor�hall pay�II t�x�i�nd s p�old�ss�i�m�nt�I��I�d or a�NS��d a��In�L or du�upon,th� —
<br /> , ^- � ' ° Prop�My b�for�ddlnqu�ncy md wlll d�liva to B�n�flclory copl�e of na�ipts Nwwlnp paym�nt of suah tax�s and�p�al�l _
<br /> + � '�' �. ; �ss�um�M�.
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<br /> r•` � - 8,Addltlo�l Ll�a.Trustor ehall m�ke�II piy��nts of Int�n�t and ptlnelpd,and paymente of any otMr ohar�as,tNS,and
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<br />��`' •• ° �xpsna�contract�d to b�p�ld to�ny exlstlnp Ilen hotd�r�or prlor bensflcl�rle�u�der any prlor DNd of Truet,Mortq�p�or
<br /> �' � T °� othar seaurlty apn�m�nt, befo��th�dat�tMy an dNlnqusnt �nd to paY�nY ath�r alNm whlah Jsop�rdlz�s th�s�ourlty —
<br /> N;". � prant�d hsnin.
<br /> ��� ° 7.Prot�otlon of l�ilWary's S�aurit�/.8hould Trustor faN to make�ny p�yment,l�ll to do�ny�ct ae hasin provided or If
<br /> ° any�atlon or proaedlnp is cornmeneed whlah m�t�rl�lly�tleats 6eneflel�ry's Interesl In ths Properly.Inaludln�,but not
<br /> ' ' " •� Ilmited to,eminent domaln,Insolvenay, arra��em�nta or procNdlnOs Involvinp a bankrupt or deceden6 ihsn Bsneflal�ry or
<br /> ' � " � T►ustee,but wNhout obllpolon to do to,and wlthout nodc�to or demand upon Truebr,and wllhout reto�tinp Trustor fro��:nr �_
<br />;,.:° • ._,L • o1blpNlon hereunde►.m�y m�ke a do ths wm�,and m�y p�y,purchose,aont�st or compromiss any�ncumbrana�,charys o�
<br /> - - . . �- Ilen,whlch In the Judpm�nt of�Ither�ppaors to df�at wid PropaNy;in exorol�lnp any woh powsrs,the 8en�f lal�ry or Trwtw
<br /> „ ' h'�'"' may Inaur a Ilabllity and axpend wA�t�vsr�mounts„Inaludlnp olsbunemsMs of reason�bt�attorney's tNS,whlch In thelr ob�
<br /> � " aolute dlsorstlon may bs n�cess4ry.ln t h�event that Trwtor shdl fall to prooure Insur�nce,f�ll to puy taxes and sp�ol�l �
<br /> aaaeasmente or fall to meke any p4ymsnte tu axlaltnp o►prlor Ile�holdsra or beneflol�rl�e,the 8enaficl�ry may procun such
<br /> Ineurance and make suoh paymanta.All eums Inourred orexpended by Baneflc�ary or Trustee In accordance with the provl• —
<br /> atons of the Deed of Truat are ceaurad heroby and,�Ithout dsrnand,shall bs Immedlately due�nd payabl�by Truetor and ahall
<br /> �.' bear interest at the rat� provlded fa advancea under the Loan Aqreement; provided, however, that at the optlon of the �f.'_,._.,�._
<br /> �'••;?��':;: Beneilclery or Trustee,auch aurna moy be addsd to the p�lnc Ipel6alance of any Indabtedneas eecured hanby and shall b�ar
<br /> ��"i'��s+""� the seme Utereet os auch Indebtednesa ond ehall be pt►y�ble raUbly over the remalninp term thereof.
<br /> • °���!'�:'"� 8.Asslqnm�nt ol il�nts.B�netlaiory shall h�ve the ripht,p�we►and authorlty durinp the continuance ol this Deed of Truat to
<br /> •'�"'•• � �'�'•�''�� collect the rente,Isauea end p�ollta of the PropeAy and of Any pereonal propeRy located thereon with or wlthout taklnp i�
<br /> � ' ���`� � � ' poseeaelon of the PropeAy alfeated hereby,and Troelor hereby aDeolutely and unconditlonally asslpna All euch rente,laeusa _._..
<br /> __ -- ;-- �`—==,,;�'.--- and psotlla !fl 9eneflolnry 9ene��a�ary, however,herebY coneents to the Trustor's co0ectlon and r�teMlon of suah rente, —_
<br /> � ";�>;�• leeues and profite as they accrue and become payable so lonp aa Truator le not,at euch tims,ln dafauit with nepeai to pwy �
<br /> �� ment of any Indebtedaess sscured hereby or In the perlormance of any a�reement hereunder. Upon any auch default,
<br /> Beneflciary mey at any tlme,elther In pereon,by epent or by a recelver to be appolnted by a court,wlthout notice and wlthout —
<br /> ' ' repard to the adequaey of any aecuNly for the indebtedneae he�eby aeaured:(a)enter upon and take poaeeselon ot the Proper- ,���_,.
<br /> ty or any pan thereoi and In Ita own nome sue for or othsrwise collect auch�ente,laaues and proflts,includln9 thoae paat due %r.----=-�•,_�
<br /> � � • ond unpald, and apply the same,leee coets and ezpenses of operation and collectlon,l�cludl�p reaeonable ettomey fees, '. ;- . _
<br /> ` upon any Indebtedness aeoured Iwreby and In such order ae 6eneflclary may determine;(b)pe►form auoh aata of repalr or pro- ._,:���.�c�'. �
<br /> teetlon os mey be neceaeary or proper to coneerve the value of the Prope►ty;(c)leaee the aame ar eny part hereof for euch ren• �,��._ _
<br /> tal term and upon euch conditluna aa Its Juz�ment may dlctate.lJnleaa T►uator and Beneflclary apree otherwlae In wrltinp,ony -�:• ,`-�
<br /> � applicatlon of rents,iasues or p�oHta to any Indebtedneas eecured hereby ehall not extend or poatpone the due date of tho In• :��,.:.�.:Y,_
<br /> � ' atallment payments as prov�ded In the Loan Apreement,and the appllcptlon thereof as aforeaald ehall not walva or cure any ,r=-
<br /> default or notice of default hereunder or Invalldate any act done pursuant to such notice.Trustor aleo aesipns to Beneflclary, _ _.
<br /> as fu►ther eecurlty for the pertormance of the obllpatlone secured hereby,all prepald renta and all monlee which may have � -�- :
<br /> ,. been or may hereafter be depoalted with eald Truator by eny lessee ot the Prope�ty,to aecure the payment of any ront,and
<br /> upon default In the perforamnce of�ny of the provlsiona hereof,7rustor aprees to deliver such renta and deposlta to the
<br /> • 6eneflclary. Delivery of wrltten notice of Benelflcory's exarclse of the rlphts pranted hereln to eny tenant occupyloq sald _ ,,�,,,;;,i;;,_
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<br /> � premlaea ahall be euHiclent to requlre seld tenent to pay eald rent to the Beneficlary untll furthe�notice. "•ti;,,:=..;;,w.
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<br /> � 9.Cond�mnNlon.If tltle to any part of the Property ahall be taken In condemnetfon proceedinps,by riqht of eminent domaln •..,.,..-'-,,;Y�.:_=
<br /> �� or elmllar actlon,or ahall be eold under threat oi condemnation,all awarda,damayea end proceedo are hereby aeslyned and . _._-: _ _
<br /> ehall be paid to Beneflclary who ahall epply such award,damayes and prxeeda to the euma aecured by the Deed of Trust, � �'- ��'-�-
<br /> • wlth the excess,If any,pald to the Truator. �,
<br /> ' �� ' 10. Futun Adwney.The Loan Apreement provides for advences from tlme to time to Trustor by Beneficlary as provided ,: -•i;:
<br /> thereln.In additlon,upon requeat ot Truetor,Beneficlary,at 8eneficlary's option,prlor to reconveyance of the Property to the
<br /> � Trustor,may make addltlonel future advancea to the Trustor.Such future advances,wlth interest thereon,ehell be adcured by
<br /> � •� thle Deed of Trust when evldenced by promfsaory notes atatinp that sald notes are aecured hereby; provided that at no time
<br /> shell the sacured prineipal and future advencea,not Includin g sums advonced to protect the security,exceed one hundred per• i . .
<br /> " aent(100%)of the oriylnal princlpel arnounts secured hereby.
<br /> 11. R�m�dl�s CumulNlv�.All remedies provided In thla Oeed of Trust ara distinct and cumulative to any other rlyht or
<br /> remedy under tAis Deed of Trust or aflorded by taw or equ8y. and may be exerclsed concurtently,Independently or aucceaslva � •
<br /> �y I
<br /> 12.AcCN�ratlon; R�m�dl��; Sd�.A default shall exist In the event of: '
<br /> I (A) Any t�aud or miarepresentetlon by the Trustor in connectlon with the Ilne of credit whlch this Deed of Trust aecures;
<br /> (B) Any fatlure on the pert of the Trustor to meet the repayment terms fn respect to the Loan Ayreemenl and any other ad•
<br /> ; vancea under thfa Deed of Trust hereby secured;and,
<br /> � (C) Any actlon by the Trustor p�ohiblted by the terms of the Loan Agreement or this Deed of Trust or any fallure ot the Trustor
<br /> . , ....��.n.orn�i..,d nv tna Loan Aareement or ihis Deed ol Trust,each ol which Trustor hereby aqrees have an adverse et•
<br /> i fect on the Benellclary's aecurity for the Ilne oi credit establlahed and the rfflhta o1 the Benetic�ary in sucn securi�y,
<br /> � and upon the happening ot any such event of tlefault,Benef iclary may declare all sums secured hereby immedfately due and
<br /> payable by delivery to Trustee of wrltten dHClaratlon of delault.The Trustee ahall have the power of sale o}the Property.and if
<br /> Beneficlary desires the Property to be sold. It shall depos it wfth 7rustee thls Deed of trust and all promfssory r,otea and
<br /> ' documents eviaencfng expendltures secured hereby a�0 shall dellver to Trusfae a wrltten notice of default and electlon to
<br /> II cause the P►oFsrty to be sold,end the Trustee in Wr�shall prepare a notice In the(orm reqWred by law.whlCh sh811 be duly fH•
<br /> ed for record by Trustee.
<br /> � (A) ANer the lapse of such tlme as may be requfred by law Iollowfng the reco►datlon of sald notfce ot default,and notice of
<br /> default and notice of sale havfnp been given as requfred by law.Trustee.wfthout demand on Trustor,shall selt the Proper•
<br /> ty on the date and at the time and ptace desfqnated In sa�d notfce o�sale,at publlc auction to the hlflhest bldder,the pur-
<br /> chase prlce payable in lawful rnoney of the United Stales at ihe t�me of sale The person conducting Yhe sale may,fOr any
<br /> ! Cause he deems expedlent.postpone the sale�►om tlme to tlme untll it shall be completed and,in every such Case.notiCe
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