|
_ '.S C r.h.T`�fi . . ., . ... , f . . _ _ � _4.. .-� _
<br />.. . ... ' � _ • . . . . ' . - _ ` � _
<br />..4 .._. ...,, . _ _ , ( " :,_� _ . _ . ` � ... - _ . , . . . • _...._ .1- �l .. :._ _
<br /> ( . . ' . ,.`. l� t . . . _. .. .. .� �. ' ._ - � � . _ .--..._._._ _ ' :t� .,
<br /> "__.�._.�.:.i._.:.., s.._�i.��-_.=__.. -_. _ _" . _ . .. . � .
<br />� _ .. .. . /..1' ., -
<br /> �
<br /> . ' ' . ' � ._ 16' _
<br /> ,4_ '� - � �.---- --q /I • � � �}�, - •`�:`-`- -.
<br /> - - .- - , . 1 --�
<br /> . ' . ^ . : . � -c _
<br /> • ' � �� _ �� ' :
<br />:;,,. '- � ` J� �
<br /> l
<br /> ~,� . • ,1 ' �Vr�O�� ... �Y.. . � .
<br />��1..� . . , .
<br /> ,. - - 9. A►saicmme4f¢ o� Re • Manacien�enl� of� Pzo���t. � `. � . r
<br /> <(' � -` additional security here�der, Boxrowar hereby assigns �o Lender ��_r _:.,___
<br /> f` ---` --�-- �e ren�s, issues aad profit� of �he PropertY. P=ovided Y�at .
<br /> =i'< � � Ho�covrer slaall, prior to accelerati.on under ParagraPh il hereof -. , .. ..
<br /> �� .. : �. � ' or abandonmet►t oE th� PropertY, have the righ� to collec� and ;.�. �
<br /> �t�:°, .� retain sucm rents, issues and profi�s as �hey become due and
<br /> -.� payable. Upon acceleration o� a�andonment of �he Pro ertY. .
<br /> � h � �
<br />:��. . I�ncger may, either in perso� or by aqen�, with a�poin�ed by � . "
<br /> ` a c t i o a o�c p r o c e e d f tt 9. o r b p a r e c e f v e r p � �
<br />-.�; . br f n g�and witho�t reqard to the adequacy of its secur ity, eater �,� . ; ; , >,,�:.
<br /> or any part thareof, in `
<br /> a: , . 7u upon and take possess ion o� the pro perty. �` -_
<br /> ,}.: �ts own ttains o� in the uams of th� Trus�ee, and do any acts which _
<br /> � it deems neaessary or d�sirable to preserve the value,
<br /> Ynar�etability or rent�bility of the Property, or any part thereog `..
<br /> �'t � . ' ` - or inteYest ther�in, inarease �he incorae th�refrom or proteat the ��Y��,, �
<br /> ;<� security hereof and, with or without taking possession of the ,:: �,�. -.-;=�-m
<br /> •rY. .�� proEeerty, sue for o�r othex�tise coll�c� the rents fssues and - ��_'„�: �
<br /> , . . .`. inaluding these past due and unpa�d, and apply .
<br /> profits th�reof, -
<br /> �:��' . the same, less costs and expenses of oper�tion and collection, - ��f�,:�'-�--�
<br /> '' ` ' attorneys' fees, upon any indebtedness secured hereby, �.
<br /> . _ . .:.�.t; i,nclu$inq
<br />_'•` . � �"`� �11 in such order as E�ander may determine. The entering upon and
<br /> taking possession of �he PropeYty, the collection of such rents, �r_
<br /> �?�� ( 3.ssues and profits an8 the applicatfon �hereof as afaresafd, - __ `` -
<br />.•;.� -
<br />=,•� . ahail not aure or waive any default or no�ice of default •� `;':,�,=—
<br />�-'��� hersunder or invalidats any act done in response to such default ,,� , ___
<br /> .;'�; � or pursua=at to such x�otice of default and, no�withstancling the . t�t�. _
<br /> ,�:,t
<br /> ��< - � continuance in possessioa of tAe Proparty or ttnr� coll�ation, __
<br /> - .- - re��ip� and appl3catian of �ents, issues or profits, and Z'rustee _ _ =
<br />. � . � • and Lendler shall 3be entitleci to exeraise every right provided Por �., �
<br /> � � in any o� the I,oan Instrunents or by law upon occurrence oP any � .f .:��:
<br />' ..� ��_.�` Ev�nnt of DePault, including, without limitatioa, the right to .
<br /> exeraise the powe� of eale. Purther, Lendes''s riqbts and �1
<br /> ., ;� . ,�-':=� remedies under this paragraph 9 shall be cumulative with, and in _.._
<br /> � .�, no way a limftation on, Lender'a rigbts and remedies under anY :r, ,
<br /> � , Assiqnment of Leases and Rents recorded agafnst �he Propes�y. ,. ;.
<br /> ''•'� � � Len�er, Trustee and the receiver shall be liable to acaount only „ ,;,SL.
<br />���:� , � � for those rents actually received. . • :_,�
<br /> � . 10. Eve ts f_�e_��. The 4ollowing shall consicitute an • _
<br /> ' � 8vent oP DePault undc:r th s Deedl of 3�rust: ' -
<br /> '. - ' (a) Pailure to pay any install�neat of prinaipal . .
<br /> or interest or any otiier sum secured hereby when due, - ' ;
<br /> :� � , or Pailure to pay w hen due any o�he r i n d e b t e d n e s s o P � .
<br /> ��{� . . sorrower �o Lender; .
<br /> 'r • (m� A breach oP or dAlault undar an provision � .,
<br /> � � - con�aineal in the Note, tt�is OseB of Trus�, any of the
<br /> � � Loan Ias�aruments, or any other encumbrance upon the . � .
<br /> � � Property, after giving ePfect to any applicable cure �
<br /> " � . � � period con�sinec'� therein; � . . . ' �
<br /> .: •� � s • .
<br /> � ,�1 (c) A writ of execution or attachment or any
<br /> �" '`�� j afmilar process shall be entore8 againat Borrower .
<br /> � '� ' wbich ahall become a lfen on the Proper�y or anY .
<br /> � ''� portion thereof or interest therein; � .
<br /> � 1 (d� There shall be Qile� by or against Horrower � � .
<br /> ' an act on under any present or Yuture federal, state
<br /> . � � or o�her statut�, laF� or regulation reaating to bank- .
<br /> . � ruptay, insolvenay or other reliet �or debtors; or
<br /> � ithere shall be appoin�ed any trustee, receiver or �.
<br /> , liyuidator of Borrow�r or oY ail or any part of the
<br /> , property, or the rants, issues or profits thereoY, or . �.
<br /> � � Horr6�o�r shall make any general assignment for the .
<br /> _, � � benefit of creditors; �
<br />_:�.�':. . (e) The sale, transfer, assignmen�, conveyance
<br /> or further encumbrance of all or any gart of or any
<br /> : interes� in the Proper�y, either volux�tarily or
<br /> _- involuntarily, withou� t.�e express written consen� of
<br /> ., Lender. i .
<br /> �, '. . �-----�.--
<br /> - DA'.;E 4 � ,
<br /> ;°. ;
<br /> � , . � _
<br /> :y.. . =----w;;
<br /> �.�:��L `..s,����_:r"--�--�°�-a:d..ij,�+-,4r.*.}-..-i�--...._.. . .. ...'�7f.rP-o;�T�f�"�!1.. ._. ., ,.... .. . . . . '°-@:'.:.:�����s.3r.;•s���.--�^s.P...�:f:4�.'---�=vi . ...-�5 �. .,-_--_
<br />
|