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<br /> = - <� ��� ��o�:�. . ,�
<br /> - . � �- profi.ts to Beneficiary. Beneficia�y, however, hereby coasents to . `°r' :,
<br /> � � � Trustor's collectioa and retentioa of such renta, issnes �aad , �
<br /> '�� ;, � • prolEits as they accru� and became payable, so long as Trustor is �
<br />- not, at such time, in default with respeat to paymeat of any in-
<br /> . debtednese secnred herebp, or in the perfo=mance of anp agreement � '��
<br /> ,_ hereund�r. I¢ aay event o� default described hereafter in re- ` � -
<br /> _� = ,, ��� spect to thie Deed of Truet ehall have accurred and be continu- ._ �. �n
<br /> - - � 3.ng, Beneficiarp, as a matter of right and without notice to � :� f . �t�
<br /> : Truator or anyoae cla�++t+nq under Trustor, and without req�rd to - -
<br /> �-� ' . ' : � the value of the truat eatate or the interest of the Trnstor �
<br /> "'"" -_ therein, ahall have the riqht to applp to anp court haviag juris- _ � ..
<br /> - - ` - . diction to appoiat a receiver of the property. _ �� '�
<br /> , .ti
<br /> � . ' . �� -
<br /> - ` � 8. Inspections. Beneficiarp, or its ageats, repreaenta- -�� �;` �-�°
<br /> ��- �� �. tives or worl�.en, are anthorized to enter at any reasonable tiaue �:. . _ --=
<br /> ' . � upon or in aay part of the propertp for the purpose of inspecti.ag �'T
<br /> °' � ��`b the same and for the purpose of performinq any of the acts it is
<br />.��:�,. .. , ...�4 authorized to perform under the terms of anp loan instruments -
<br /> _ . , : executed 'by Tsustor. �5�, � -
<br />�: �• , -
<br /> ;� . - � �`� 9. Tranafer of Propertv. If all or aay part of the prop- , �--
<br /> �,' �.��, � � erty or anp interest of Trustor therein ia sold, traneferred or
<br /> �- � � - �`��'Y-. further encumbered without the express ar written aonsent of - -. ��'
<br />-`.� � Ben�ficiary, Beneficiary may, at ite sole optioa, declare all � V�G,�_
<br /> �'`: . . � anms secured bp thie Deed of R'nist to be inaaedi.ately due aad pay- ;'���=
<br /> ' � � , '�� able aad proceed �o the remedies available to it under the de- � �<�1
<br /> ' r '..
<br /> �` � -' fault provisioas contained herein. `'t `y�rr�c!�
<br />�., - .._. .,.f. .�.( N'r.�" _
<br /> „tva _
<br /> ��`� �. _ 10. Bventa of Default. Aay of the following �vents shall . � ��
<br /> Y,-`
<br /> - � � be deemed an event of default hereundert ' ' ��'==�""-�_
<br /> . ,.� . ;�_
<br /> ,`��.;� . • (a) Trustor shall ��ve failed to make �-„r:��•_�;�... '�==-
<br /> �, ' . paymeat or any iastallinent of interest, prin- �':�=
<br />� , ,� cipal or prinaapal and interest or any other � � '"�`�-
<br /> � , • sums secured hereby when dne; �`. �. : ��
<br />, .. ;��_
<br /> 3. � . -
<br /> ::,.�,; �` , � - ' (b) There has eccnrred a breach of or , • - _.
<br /> � . ` default under any term, covenant, agreemeat, � �;-�-
<br />- condition, pronision, repreaentation or war- � : .�, �-
<br /> � . -.�..
<br /> � . � . ranty contained in thie Deed of Trus�, the � . � � ,��--
<br /> �` ' note or any other loan iaetruatent secured ��
<br /> ;..:� � � , hareby; � _=
<br /> �` . �. . , � (c) There has been a default by the
<br /> : � �
<br /> . - , . . Tru�tor in the paymant of any prior or subee- . f�.": . -_
<br /> _, quent ].ien or eneumbrance in reepect to all � � '
<br /> � . or any part of the property; '
<br /> � � . � (d) Truetor ahall file a voluntary pe- � :. ,
<br /> �'� . � . tition in bankruptay or shall be ad judicated •. " � �. :
<br /> - , bankrupt or insolvent, or ehall make aa as- ,
<br /> _ •• . � • . signment for the benefit of creditore in re- � • � ".
<br /> ' . spect to the property; or an action to en- ' �
<br /> . . . force any lien or encumbrance or judqments �, ' � �
<br /> � . against the property is commenced. . �
<br /> '- . 11. Acceleration Upon Default. Ia the event of any de- �
<br /> .� .'' � fault, Beneficiary may declare all indebtednese secured hereby to ' � � . '
<br /> • � be due and gayable, and the eame ahall thereupon become due and :
<br /> � � ' payable without any presentmant, demand, protest or not3ce of any '
<br /> kind. Thereafter, Henefiaiary may: ��. � .- � � -.
<br /> . (a) either in person or by agent, with �
<br /> ' • � or without bringing any aQt3.on or proceeding, ..� � .
<br /> � os by receiver appointed by a court and with- ' . �
<br /> � . . out reqard to the adequacy of any eecurity, ;
<br /> , � enter upon and take posseesion of the prop- '
<br /> � �• ezty, or any part thereof, in ite own name or ,
<br />- -' - in the name of the Trustee, and do any acts .
<br /> . �� � which it deems necessary and desirable to
<br /> preserve the value, marketability or rent-
<br /> ..; abilitp of the property, or part thereof or
<br /> ._. . . , .
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