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<br /> � expree�ly authorized to eettle or compromise claim� under said pili�h�p�ame
<br /> .. t the proceede therec�f ehall bo paid to the Benef iciary who may app y ,_,
<br /> or any part thereof on the indebtedneee eecured heroby or �owarr� the �.,,
<br /> ' � , � % reconetruction or repair of Qaid bu i l d inge and im prAVemente or releaee eame �_
<br /> to the Zxuetor; (e) to pay any .lien, c�aim or charge againet the Property
<br /> which might tak.e precedence over �he lien hcreaf; (f) to ay on demand a11
<br /> ;..�,�. '' raieal or attorneys'� feee rea�onably �.'
<br /> � .. �� legal expenees, titl� searches, app _,�.
<br /> incurred or paid by Beneficiary to collect the Note or forecloee or protect
<br /> ,�y,�;�� the liPn of this Aeed of Truet; (g) that �n the event True�.or eh�ll fail to �:;;;
<br /> t x comply with the provisione of (a) through (f) above, the Benefiaiary may �:-
<br /> �' �_ expend such funde and take auch action a ur uant heret twith interecet f at l�he �-�
<br /> � and all sums paid by the Benei-iciary p =--
<br /> rate hereinafter proviaed ehall conetitute a li�n upon the Property, sha11 be�
<br /> M secured by this Deed of Truat, and ehall be immediately due and repayable to
<br /> � y�� the Beneficiary; (h) not to eell the P�coperty or any portion thereof without
<br /> ,.,;;,, � the appx'oval of the Beneficiary in writing; and in the event of any eale __
<br /> ���; .�"' :��� herein p�'ohibited, then the entire indebtednes� secuxed by thie De�i�o�ria�ui�
<br /> �� shall, at tk�e opt5.on of the Beneficiary, become due and payable;
<br />_ . . ., ,�, the ]Proper�y or any part or parcel thereof shall k�e taken ar damaged und�r �__
<br /> 1� ' �� � � the power of eminent domain, the award for any Property so taken or damaged _
<br /> (including aeverancE damages to the xemaining pramiaes) ehall be paid to the _
<br /> -_:���"��'=a�'�� ` Beneficiary and applied in full or in part at the option of the �t�z�eficiaxy
<br /> � � � in reduction of the indebtedness hereby securpd; (�) that the Ben�ficiary
<br />=�°�'-�'�•���+ `'� ahall have the right to inepect the Property at auch reaeonable times ae tlae
<br /> Y..;a;,�� � Beneficiary may deaire to determine Truetor'e comp11ance with treleasenErom --
<br /> �,v�,,,;Yo- contained in this Deed of Truet; (k) that the Beneficiary may _,
<br /> --r`r-• •�� thP 1 i en hereaf any part or parr.el of the Property without requiring any ___
<br />`'T'� ''"� J coneideration therefor, and (1) t hat True t o r i s lawfull y eeized of said
<br />_��r.t.�r`�.•..;.
<br /> �..: 1...�h'�
<br /> a=-a��=<�.�_- nremises �nd Property in fee simple, that the same are free from a11 1 ene
<br /> �,:�� � and encumbrances except as may otnerwis� i�e �,Nac�.f�c�='s n^r�� herein o�
<br /> .�g� �-
<br />"'�±���``� waived in writing by the Beneficiary; that Trustor will execute or procure
<br /> �.:;;;1:t�`:=ti.: =
<br /> _,v,;_3�'�,r� any furLher nece�eary aseurances of title and doeg hereby warran� genera y
<br /> the tiL-le to eaid Pro ert and will forever defend the eame ag�inst the
<br /> v ���ti� claims and demande of all peraons whomsoever, and that Txuetor'a aeparatce
<br /> - - estate, whether veeted, contingent or in expec�ancy, ie hereby conveyed and
<br /> ;.��' Txuetor does hereby expresely waive, release all rights and benefits of any
<br /> --�,,��:,�r�� homestead, dower, curteey, apprai�ement, exempt�on and stay laws of thie
<br /> -_=-�-•�_�� state. It is agreed �hat the intereet pxovided for in aubeection (g) above _
<br /> --- — �ha7.1 be at the same rate as specified in the Note aecured hereby on Che
<br /> -�'�'-' principal thereof after default and matux�lty. .
<br /> gECOND. In the event Trustox, wi.thout the prior written consent of
<br /> Beneficiary, aha.l]. eell, transfer or convey or contract to seZl, �.ranefer or
<br /> convey the Proper�ty, or aiiy part thereof or any intereeC therein, the entire
<br /> balance of the indebtedness hereby secured shall become and be imm�diately
<br /> -- due and pay�ble at the option of Seneficiary; provided, however, Benef iciary
<br /> -- �_ may waive suah option to accelera�e if, prior to such aale, rra.nafer or
<br /> ----------- conveyance or conL•ract therefor, Beneficiary and the pereon to whom the
<br /> -- property ie to be sold or traneferred reaclz an agreEment in writing that the
<br /> ��___ credble�onethe sume�securedtbyfthis Deed ofnTrustashalldbehat auchlrate�ae
<br /> -- paya
<br /> -�-��-*��� Beneficiary sha7.l rPquest.
<br /> ---- -�� THIRD. That ae further security for the payment of the Note and the
<br /> � ����� indebtedn�se thereby evidenced and the performance oE all of the terms,
<br /> f-���.a covenanta and conditions hereaf, Truetor agreee that Bene�iciary sha11 and
<br /> =�?�?�� doss hereby havE the right, powe�c and authority during the continuance of _
<br /> _'w����y� this Deed of 'Trust to collect the rents, iseu�e and prof ita of the Property P
<br /> -�r����7�µ� and of any personal property located thereon with or without taking
<br /> _�.
<br /> ,.�,,::;:Y,��
<br /> �. �::.,,,�:.,,c .: poseeesion of the property affected thereby; and Trustor hereby abeo iite y
<br /> __;�;;,,;��a;� and unconditionally aseign� a11 such rerits, ieeues and prof ite to Beneficia-
<br /> =�'_=:,:�: ry. Benef a ciary, howeve.r, hereby consente to Truator'e collection and
<br /> `°='��-��� retention of such renta, issues and profita as they accrue and become payable
<br /> ---- � ,__ �_ �_�_..,� ..,�,.H Yoara�r r.o navment of
<br /> `- '-'� ���'�� 80 long ae Trustoz' 16 riOt aL Bttcii �-iu►o iu uca�...+.... ...�..-- ---r--- - -
<br /> ,��%�"'� any i.ndebtedne�a eec:ured hereby or in the per£ormance of any �agre�m�nt
<br /> ' ,' . �(
<br /> � � •= -� � hereunder. Upon any ouch default, Heneficiary may at any time, eith�r in _
<br /> . t peraon, by agent, or by receiver to be appointed by a court, without notice
<br /> ;. •, � and without regard to the adequacy of any eecurity for the indebtedner�s
<br /> �. � � hereby secured (a1 enter upon and take poaseaeion of the Property o� any part
<br /> thereof and in its own name sue £or or otherwise collect auch rents, issues
<br /> and profite, including those past. due and unpaid, and apply the same, l�ss -
<br /> � coete and expenses of operation and collection, including reasonable
<br /> �:
<br /> —_ e•�`�•`t. � a•�.
<br /> �
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