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<br /> Trust in the manner �arovided by l�w for forea�aeures of
<br /> � � mor�gr�ges on real property.
<br /> � F. B��1�FICI1#RY may from time ta time sub�titute a eucce�sor or
<br /> ��`- successore to any TRUSTEE named herein or dCtlYl(� �18F61111t�6Y.
<br /> � � Upon such appointment, and without conveyance to the aucces�os
<br /> TRUSmEE, the latter shall bo veated with all �itle, powers,
<br /> -�p"""'��� and duties coa�ferred upon any TRUSTEE herein named or acting
<br /> �"""'""'�" hereunder. Each such appointment and subatitution shall be
<br /> � "�� mad� by written instrumen� and ex�cuted by BENEFICIARY, _
<br /> � . �� cantaining reference to this Deed of Trus� and its place of C-
<br /> . �, record, which, wk�en recorded in the o�fice of the Reqister of _
<br /> � D�eds of the county or counties in which s�id property is _
<br /> situated, shall be aonclusive proof af proper appointment of
<br /> � the auccessor TRUSTEE. The foregoing power of substitution
<br /> ��� and the procedure thorefor shall not be exclusive of the power
<br /> atid p�ocedure provided for by 1�w for the substitution o� a
<br /> • TRUSTEE in the place of the TRUSTEE named herein.
<br /> '�^ _
<br /> G. TRUSTOR covenants and agrees that upon any attemp�ed __
<br /> � �. ��• conveyance, assic,�ment, pledge or transfer of any of his
<br /> .�:��:;;.:{:� interest in the premises during the term of the loan secured _
<br /> ����. hereby, �he BENEFICIARY shall have the option of declaring the
<br /> "�``'��?' r unpaid balance immediately due and payable, and if said sum
<br /> � � }� rema�ns unpaid for fifteen (15) days thereafter, BENEFICYARY
<br /> � ' can causa Notice of De£ault to be qiven and the premises be
<br /> sold as provided herein.
<br /> ✓1
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<br /> � • H. As additional and collateral aeaurity for the loan, and
<br /> � �ff�ctive for�hwith upon filing of a Notice of Default, this
<br /> � ���•�'=:�' instrument shall serve ae an assignment by the TRUSTOR to the
<br /> �""`�';'''� TRUSTEE, af all rents anci revenues resulti.ng from the
<br /> ,.:�xr„ti
<br /> �°�i°�v ..` property, and TRUS�EE is authorized to take possession of �he
<br /> »�={��� pro�erty, rent or lease the same on terms he doems best and to
<br /> _•'�=�� collect the rents and revenueg and apply the same upon unpaid
<br /> ��-�-b-�-� interest, principal, taxes or insurance premiums or for
<br />-`�`"`�"`� mai�tenance and preservation of the premises.
<br /> =��1��;�
<br /> "`.°.- „� I. The wai.ver by TRUSTEE or BF.NEFICtAItY of any default of TROSTOR
<br /> -n=� under thia Deed of Trust, on one occasion, shall not be or be
<br /> --``°-��+� deemed to be a waiver� �i any othcr o* �imi l,a� defan'lta _
<br /> -------_ subsequently accurring.
<br /> ->;�;� J. I� �itle to any part of the property herein shall be taken in
<br /> -s--== condemnation proceedings, by right of eminent domain, or
<br /> +���'��`� similar action, or shall be sold under threat of condemna�ion,
<br /> �.�.��:�.�.� all awards, damages and proaeeds are hereby aseigned and shall
<br /> -;,,� be paid to tihe BENEFICIARY, who shall apply such payment, or
<br /> ,.::=:»,s�:�� any part tiherQOf, in his sole discretion, to the sum due at
<br /> -����;��� that tima on this Deed of Trust and Trugt Deed NotA� with any
<br /> -����;" balance above the amount due hereundeX payable to the TRUSTOR.
<br /> �`���
<br /> ==�,,,.�ti�•
<br /> _,i�,��,.•:- K. The nEN�FICiARY, his agents or representatives, are herE y
<br /> .:�;°j;��:s,�,:� � suthorized to enter, at any reasonable time, upon any part of
<br /> '�:r�::•� :'•. � the trust property for the purposes of imspecting the same and
<br /> ..,. .�� �,�. .
<br /> - _ ' .� Y` � for the purpose of performing any of the acts t ey ara
<br /> � •���: ; authorized to perform under �h� tenns of this Deed of Tru�t
<br /> � �• and o�her accompanying documents.
<br /> ;�-:��.::��:�;�::���� ;
<br />- L. This Deed of Trust and all accompanying documents are subject
<br />_ � �,f,{y�y- � to, constructed and governed by the laws of the State of
<br /> �-=�"�+' �' � '-L—__t_� C..�. nl 7 r»�rnnenG.
<br /> _ ___�__ _ 1\l1/�JLG.7a�n i.v� ••�.� t•••••t•��--' -
<br />.. .,r. �.
<br /> � M. In the event any one or more of the provisi�ns contained in
<br /> � � this Deed of Trust, Trust Aeed Notes, or any other instrument
<br /> � given in connectian with L•his tr�nsaction, shall for any
<br /> ° reason be held to be invalid, illegal or unenforceable in any _
<br /> respect, such invalidity, illeqality, or unenforceability
<br /> shall, at the option of the BENEFICIARY, noti affect any ether
<br /> � provision� of this DQed of Trust or Trust Deed Note, but this
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