|
�. �_,��.--_.�c:
<br /> � � - — - - -- _ _ _-�__.--. -_-
<br /> �� . . . ... . - , . . . - .-.".i',.,..�--T.,;���N,�'�- .
<br /> --�F��1i�7��,i�'s�r.�
<br /> -ti�rfIHPRT.'r'• t � . � - '
<br />. " `'�"ti�".. . `, q ......�y.w��qpe[
<br />- .. � , :tMti....
<br /> � .
<br /> Q
<br /> . . � __ryeei_��_
<br /> . .-- . . .l.�r.1r_... _ �.-� _.�"`�.k__.-= - ..
<br /> ,.�am�o.sa�x -�_'Q..�._�'�* - - - --
<br /> . . 96- i�9�uu �
<br /> �
<br /> unconditionally subject and subordinate to the lien and security interest evidenc�d by this Dxd of =--
<br /> Tnut utid each term and provision hereof;(b)that if any action or proceeding sha11 be instituted to =_
<br /> foreclose the Subordinaie Mortgage(regardless of whether thc sa�me is a judicial procee3in�ar __-
<br /> �xusuant to a power of sale contained therein),no tenant of any portion of the Property wip be narned -_
<br /> �a party defendant,nar will at►y actio�be taken�thth respect to the Property which would temunate
<br /> any occupaney or tenar,cy of the Proper7y w►thout the prior written conserlt of Hotder;(c)that tl±e _
<br /> retits and prafits,if collected through a receiver or by the holdei'of thz Subardin�te Mort�age,shs11 _
<br /> be ap�tied first to tlu obGgations secured by this Deed of Trusi,including princ,ipal and interest due
<br /> �nd owing on or to yecome due and owin�on the ObGgations,as sei forth in the Loan Ag*+eem�nt,
<br /> and the other inclebtedness secured herebY, and then to the paymcnt of maiaitena�nce, operating _`
<br /> cbar8es,taxes,asse�rr�enis,and disbursen�ts inewred in connection with the ownership, cPeration
<br /> and main�e of tItie Property;and(d)that if anY acrion°r Procea�ins s�be brought to foreclose
<br /> the SuUordinate MQrtgsge(regerdless of whetl�er the same is a judicial proceeding or pursuant to
<br /> a power of sale cor�tained therein),written �iAtice of the comraencement thereof�be gi�v�to
<br /> Holder contemporaneouslY with the c°mme�.'e��t of such action or proceeding; C�) PY
<br /> thereof s3�all have been deUvered to Holdec aot less than ten (lU) days prior to the dete of the
<br /> , ex�ecutiou.of such Subordinate Mar.tgage.
<br /> SeCtion 5.5. rnntest of Cettain_.ClSilloS. NotwithStandinS t1�e'Provts�ons of Cuhcectio �2.2(bl
<br /> or Z.2[�l hereof, Cn�aator shaU noi be u►de�ult for failure to pay or d�scharSa aAY tax,assessment,
<br /> or n�x.I�ar�ids or�'s tie��sserced agaiast the Prope��ty if,and so long as,(a)Grantor shal�
<br /> have notified Holder of sa�me wirl4in five days of obtaiai.n8 know+ledge thereoF,(b)Grantor shall
<br />_ " dingpitly aad in good faith contest the same i�Y aPP=oPriate legal pracecdings which shall operate to
<br /> pt+cvent the eaforcement or collectioa of t�.s�e and the sale Q�rI�I''ropertY,or saY Part t�e°�
<br /> to sa6sf�the same;(c)Grantor sU.zil�xaa�ugon Snat�rminatioa t1'r�eaeof ga}�the amount of any
<br /> s��,�or claim so���.x^*—��t+o8e�w'��costs,interest and p�ties w}uch may
<br /> - i,c j„�yw;�� :.asL:r..�~ii�a •�••s,�rh �ht tlie failure w pay the tax assessment or mechanic's or .. .. _.
<br /> msterialman's lien claim daes not constiwte a default under any other dad of tcust,mortSaS�or
<br /> soQUityinterest covering or affectir�g anY Part ofthe Property,and(e)notwithstan�Wig the foregoing,
<br /> Grantn�.sY�a11 immadiately upoa request of Holder p�y(ancl if Grantor shall fail so to do,Holder may,
<br /> but shsll not be required to, PaY or cause to be discharged or bondcd against) say such tsx,
<br /> assas�n�t or claim notwitl�standin8 such corne�,if in the reas°nable opinion of Holder tf�e Propert�►
<br /> ��i�l�pardy or in da�,er of ban�g forfeited or foreclosed. Holder may pay over any such cash
<br /> - deposu or part thaeof to the claimant entitled thereto ai any time�+�.��ludgment of Holder,
<br />�� � the eatitl�ment of such claimaat is established. .
<br /> AR'TICI.E VI
<br /> MiS['Ei, .A �.O iS
<br /> AI
<br /> Saxion 6.1. B�. IF"c.tie Oblig�cios�s are paid in full in accordance witlz th�wms of this
<br /> - Dad of Tn�st and the Loan Docu.ments,�ui rf Grantor shall welt 3ud trWy perforna all of C3r.�nto�s
<br /> w�e�ats coataineii herein,the�tlus cos��eyance shall become null and void and be released at
<br /> Fn�mnw�orna m�000io 16
<br /> �--._ .�:�.+.-.--- , ,;;� :� — - `-j,:,;: _.
<br /> ;�'�i. � . '�.. . � ..., ' � y��_{� ___ --_
<br /> . •�7�
<br /> . _ • . • .�`i�.i,Y;:.jfya�'%!Sa -Y:.�.�uauw.r,.r� � �.LdL:fs�r .
<br /> j r• ."�'��a . �`��-�c '�',�z"a
<br /> ��,,�=_'1 - ..r. . m� y i,� S' _ i"` ,:4:�Se.� �"_ —.--_.
<br /> .x . „�j.'t �,.i►�.�'� � ��(f'F� i. -'_
<br /> J� 3s
<br /> -14..�.. . ��.'G. ,. ... . . .... �� . ,,,At•4o{ _ _
<br /> '_—___".-___"'__ _ �_ � _ _' .t� .___
<br /> � . . _. . . `"_ .,...'_'_' "'__ _' _ ",' ` __' T�.aL. � —_—_—__ s�_.a.� �_J32�tiJ.��-
<br /> ;x�. . .. • . ----- „ t �r,��c� �M4��'�,Y ��f}' `s�`-�,4'' _- --
<br /> • . . . ' " ` . . -� � �.��
<br /> . . . � ' ' �-�� .Y�4l���ltlT.�_- _
<br /> _t • ;�}� .+TR•.i_., r f- iF _
<br />.-z..:_�-_ =r. . �_ . � � . . � _ . -. . .. � �.'^,."�� �.� +.r�u'—<--}•'=-�_
<br /> �c:.� � � • , . .�AG•� ',�t1'�u..t+���—
<br /> -.�� . � . . . , . .. t,.�i. ��.rSa:'r``f�a'ri�,_�.
<br />._� . ,.. � . .. . ,. � - . n ^ - � - ' ' . .. . ..-�- --��s i
<br /> _ ' _ ' . :.'y'�'� �*,r,.cS�.#ai:p=F"-==
<br /> • ---— -
<br /> � �t7?��b�i 3�iiMlIRkP1SE/1�17►::rwuV4fdiiLZ==°—
<br /> . .. ., :. r, . • . • .�. .--
<br /> . . .. :. --°-- -- -°--- --- - _ -__
<br /> . _:.-•.,..�.�` �
<br />
|