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<br /> J ?�� � �� IT 18 MUTUALLY AGIREEO THAT: _
<br /> � �- �ryw..n.- y
<br /> -- -- - I ITIAATI�IN•Tmet�xeh�llrl�Mndthl�Tru�tlnanyacUonorproc�sdingpurportlnAto�fNatwahpropKty,whMh�rotnot _—-- -- ----
<br /> �� ° it aH�cb th�acudty h�nof,or purporti�p to altect the�Iphts or powen o/8�n�ficiery of TroatN,and shNl els and
<br /> �� ��, ��' proMCUt�atl n�c�ry cl�lm�and acdons to prswnt a recover lor any damape to or dNt�ucQo�of such prop�Ny.and
<br /> � } �' .� ellhW T�wbe or BeneQciary It h�r�by�uthorized,without oblipaUon w to do,to commence,appsar in ordeTend any wch
<br /> " °� actton,whNherbrouphtbyor�p�InstT�usta,Ben�Nala o�TrustMOrwlthorwifhout�uf�bsx�rciwor�nfarc��nyo�hK
<br /> �-�',� :�t�,.:� a
<br /> _ rlght,nm�dyorpow�r�vallebl�orconl�r��dh�reundsr,whelherornot�udpmentbemtKedinmy�ctionorproc�sdfnp; +�+ �_ __
<br /> ,� � �"'"' end Trusta�or Bsnsficiary may a�ror Inhnr�ne In any action or pro�secllnp,�nd roi�in coumsl thKeln;and qak�wch �
<br /> ` �"` :_...�; acdonthereln,asNlhermaybe�dvisedandmayae�le.compromissorpeythesameoranyoths�clelmsand.inthatbehalt �;
<br /> - :'j���„`_ , . �:s::�' andfaranyoleaidpu►poaos.m�yexpendandadvance�uchwmsofmoneyase{therma�ydeemnecesaery.Wh�therornot Q,� �
<br /> -- .. - ---_ -- Trustor so app�n o�d�?atais,T�urtvr u�i da�w�ld�it6if pay&II w8W 6�d vxpeit�a8�i auta4iCl�ry er�d Tru�4��iilGludlrK-i .. _
<br /> ���y� ° `�� � cost of evidenc�of tiqe and�ttomey's hss fn�reasonabb�um,In any suah ecUon or proc�edinp in which BeneNolery or �
<br /> -�— .:�...:r Trustee may Appair by viRue of beinp made a peny defendent or otheryvlse and ineapective of whether the intereat ot
<br /> ,���, �_:�:h... .
<br /> - � BeneflciaryorT�uateelnsuchprop�rtyisdiroctiyqueationedbyauchaction,includiogbutnotlimitedto.enyactionlorthe �_.
<br /> :� 4.t,,�r-: , ��, ioreclosure of,or eale proceedinqs unde�,eny secondeiry Ilen an such p�operty�condemnatlon or partitlon of auch
<br /> �"` F .. '_: property.and�ny sutt broupht by 8smflafary to fo�oclo�s this Deed of Trust
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<br /> ' '' '� CONQEMNATION:All sume due,pald or payable to T►ustar,o�any auccessor In interest of Trusto�,whether by wey of
<br /> _',-::�, •� �udpment,setdement or otherwise,(a)fo�injury or damape to auoh propery,or(b)fn connecdon with any condemnatlon - �
<br /> �--;�=' , for pubtic use or InJury to wch p�operty or eny part thereof�or(c)in connecNon with the tranaaadon flnenced by tha loen
<br /> � . � - � • secured hereby or(d)erisfnp out oi all ceuses of aotlon,whether eccruinp before or aRer the date of this Deed of Trust, � __ ._.� .
<br /> '4' , sounding in tort or contract,i�cludinp ceuses oi actfon for iraud or concealment ot a mate►lal fact topether wfth the
<br /> -�� settlemenb,prxeeds,ewa►ds end dameges,directend conaequentlal.in connecdontherewith are herebyabalutalyend
<br /> _ irrevocebly assipned and ehall be paid to Beneficiary.8eneficfary shall be endded,at its opdon,to commence.intervena in.
<br /> Y eppear in and p�osecute in its own name,any ecUon or proceeding,or to meke any comp►omise or seRlemant, in
<br /> ` " , :�s�� connection with any such takfng or damape.Trustor agreea to execute such further asslpnments ot any compenaetbn�
<br /> _�;� . .� awerd,dame�es,rlphte of aotlon and proceeds as Beneliciery mey require.
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<br /> ' ". All emounts received by Beneficiary pursuant to this Deed of Trust under any ffre or other i�surance policy,inconnecUon ,,.�,._�-
<br /> `' with any condemnetion tor public use of or in�ury to auch property,for inJury or demege tosuch herebyareto be epplied at
<br /> ;� the optfon of 8enelfciary upon eny fndebtedness secured hereby.The epplication,use or release of such amount shall not �' ''�"'`
<br /> �T�4� cure or waive any detault or notice of defeult hereunder or Invelidete any act done pursuent to suah nodce. �
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<br /> ° CONSENT,PARTIAL RECONVEYANCE,ETC.:Trustee may,at any time,or from tfine to time,without Nebf Nry therefore,
<br /> and without notice, upon written request o1 Beneticiary, and without aftecting the personel Ilabiliry af any pa►son for "
<br /> payment of the indebtedness secured he►�+by,or the Ilen of this Oeed of Trust upon the remainder of auch property for the
<br />- , .a' tull amount of the IndeWedness then ortherea(ter,secured hereby,orthe rights o�poweraof the Baneficiery orlhe Trustee —x.•- _
<br /> • with��eapect to the remeinder of such property,(e)reconvey any part of such p�operly,(b)coneent to the mekin�of any �. • _
<br />-- ' map or plat thereof,(c)�oin in grenting any easement thereon,or(d)Jofn I�any extansion ayreemeM or pny a�reement = ��
<br /> ;•. . subordinetlnp the Nen or charye heroof.
<br /> ' FULL RECONVEYANCE:That,upon wrilten request of Beneticlary ateting that ell sums secured hereby have been paid , ,
<br /> � _- '��"" and all obllgatfona secured hereby have been ssUstactorily performed, Trustee !hal!reconvey, wfthout werranty,the �'�',•���"1
<br /> ► � property then hetd hereunder.The recitals in such recanveyence of any matters oi tact shall be concluslve proof of the �
<br /> ��� truthfulness thereof. The yrantee in auch reconveyance mey be designeted as"the peraon or persons legally entitled
<br /> � � '" ihereto".3uch requeata and reconveyance shell operete as a reassiqnment of the rents. income,issues and protits �___._.�. _
<br /> � -. . hereinbebre assipned to the Beneficlary. �:_��.-:-%��'�
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<br /> RIGHT TO COLLECT AND RECEIVE RENTS AND PROFITS:Notwithstending eny other provisions hereof,Beneficiary �::�y;1;;;::-; '
<br /> � hereby granta permission to Trustor to collect and retain the rents,income,issues and protits of such property as they " " '• -
<br /> . become due and payable,but reservea the right to revoke such permission at any time.with or wfthout cause,by notice in
<br /> ; writinp to T�ustor, mailed to Trustor at his last known eddreas. In any event, such permission to Truator shell be ��-.�,,5,: -
<br /> � automaticelly revoked upon defeult hereu�der by Trusbr. ?�=�—
<br /> :,�:.,a,..,...
<br /> FINANCIAL INFORMATION:Trustor will provide to Beneficiery,within 90 days of theclose of each�scal yea►of Trustor,a
<br /> �• . .�'
<br /> ; '' consolidated balance sheet end atateme�t of earnings of Trustor and any and all guarantors of the obligations aecured
<br /> � hereby and will provideand deliverto Beneficiary such otherifnancial informatfon and in such manneras Be�eHciary may � .
<br /> • direct hcm time to time. �
<br /> �
<br /> � FINANCIAL COVENANT:Trustor shall comply with and shatl cause any and all guarentors of the obligatbn secured �
<br /> � hereby to comply with,or be in compliance with,the lollowing financial covenants:(This paragraph shall be non-applicable
<br /> ' if covenants and requlrementa are not fflled In below.) .
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<br /> EVENTS OF DEFAULT:Any of the lollowing events shall be deemed an event of detault hereunder:
<br /> �� � (a►Uelault shall be made in the payment of any mstallment of pnncipal or intereat or any other sum seCUred hereby when
<br /> due;or
<br /> (b)Trustor shoutd breach or otherwise be in detaulf under any term,covenaM,agreement, condition.or provision
<br /> contefned herein or in any bulldfng loen agreement or in any other agreement secured hereby;or
<br /> " � ' (c►Any representetfon or covenant mede herein,in any building loan agreement,or in any other agreernent secured
<br /> , . � hereby or given fn connecfion herewlth or any fndebtedness secured hereby should be false or misleading;or
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