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<br /> _ �_ `�° �.`:� eary to protect the l ien hereof. Trustor agrees to repay, upon � .`;�;.�� �•
<br /> ;�- :" r . demand, any sums so expended by Beneficiary for the above pur- ' �`
<br /> ' � poaee, and any aum so expended by Beneficiary shall be added to `;`,��,�'� . ,"
<br /> ` - tYie indebtedness secured hereby and become secured by the lien � . �
<br /> . � hereof. Beneficiary sha12 not incur any personal liability be- :�,. • . . ` `�
<br /> � � � cause of aaything it may do ar omit to do hereunder. ,� : � ,.�:�;
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<br /> �--�'�L 8. Ass��nment �f Rants. Beneficiary shall have the right, --_ -_
<br /> �-"'��-'• power and authority during the continuance of thia Deed of Trust ' �'
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<br />_ � � to collect the rents, issues and profita of the property and of 4
<br /> � any personal property located thereon with or without taking pos- � • �,��;;��'�
<br /> , • session of the property affected hereby, and Trustor hereby abso- '-�� .- `�:, �
<br /> • � - = lutely and unconditionally assigns all .-such rents, issue� and �- -
<br /> , . ��r profits to Beneficiary. Beneficiary, however, hereby consents to � .�:�
<br /> ='.� �.. � . Trustor•a collection and retention of such rents, issues and '° ;� �
<br /> ` " profits as they accrue and become payable, so long as Trustor is � - r.
<br /> : :_ . ` not, at auch time, in default with respect to payment of any in- . - __----
<br /> . debtedness secured hereby, or in the pexfarmance of any agreement � . .
<br /> hereunder. If any event of default described hereafter in re- �
<br /> . � spect to this Deed of Trust shall have occurred and be continu- • :
<br /> ... .�,` ing, Beneficiary, as a matter of ri.ght and without notice ta � . - -
<br />� ' ' � Trustor or anyone claiming under Trustor, and without regard to `-- ---
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<br />_ __ •_. _��_�-�� tYie value of the trust estate or the interest of the Truator - . - �.��__
<br /> . _ �� therein, shall have the right to apply to any court having juris- �:��
<br /> '`� diction to appoint a r�ceiver of the property. �;�"f--
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<br /> , ,. ,.s: . 9. Inspectiona. Beneficiary, or its ageate, representa- ,.,,_ ,r,. _
<br /> - - � � �:';'• tives or workmen, are authorized to enter at any reasonable time � � •� ,,��i�=
<br /> � � upon or in any part of the property for the purpoae of inspecting � '°'e�=
<br /> , . =�,: the $ame and for the puzpose of performing any of the acts it is ���.�-'�.� `-"_�
<br /> ,::.;� authorized to perform under the terma af any loan instruments -
<br /> ' , ; ��i�. :� � executed by Truator. , 9---
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<br /> 10. �ransfer of gro�Qrtv. If all or any part of the prop-
<br /> ' .. .�..;:,=� :.,� . erty or any interest of Trustor therein ia sold, transferred or •�� . ;;..:.�.
<br /> � � further encumbered without the express or written consent of �'� �.'.,;:�'�-:"`----
<br /> . � � � Beneficiary, Beneficiary may, at its aole option, declare all . �� ���'""'�_--
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<br /> �� � � . � eums secured by this Deed of Trust to be immediately due and pay- �, � � '��=:"-
<br /> � able and proceed to the remedies available to it under the de- . �•��r"�-
<br /> - fault proviaiona contained herein. � . � . '. �.�:�;�
<br /> ' � � 11 . �iente of n� a�� . Any of tne follawing events ehall .--� ��._��
<br /> . be deemed an event of default hereunder: � � `'�'� �-
<br /> - . �:_..
<br /> (a) Truetor ahall have failed to make - � . _
<br /> payment or any installment of intereat, prin- :.,.,.� "
<br />_ " cipal or principal and intereet or any other � �
<br /> suma secured hereby when due; � • ' � -
<br /> . .t. .
<br /> _ � � (b) There has occurred a breach of or �° ��: : � �
<br />,.'`�� I default under any texm, covenant, agreement, � �
<br /> condition, provision, repreaentation or war- . '� � •
<br /> � ranty contained in thie Deed of Trust, the � `
<br /> note or any other loan inetrument aecured . • . . �. ' ` �.
<br /> � � hereby; - �
<br /> • • (c) There has been a default by the � �
<br /> . Trustor in the payment of any prior or aubae- ` . . � •
<br /> � quent lien or encumbrance in respect to all � .
<br /> • or any part of the property; :
<br /> � � ��� (d) Truator shall file a valuntary pe- ��� �
<br /> tition in bankruptcy or ahall be adjudicated , .
<br /> . bankrupt or insolvent, or shall make an as- . . , . ��.� � ..
<br /> -�.� aignment for the benef it of creditara in re- � � .
<br />. _ epect to the property; or an action to en- . ;
<br /> � force any lien or encumbrance or judgmenta � ,
<br /> � � � against the property is commenced. �
<br /> ., � 12 . Arae?era� on Unon De£aLlt. In the event of any de- �
<br /> _ , fault, Beneficiary may declare all indebtednesa secured hereby to . ' � �
<br /> � be due and payable, and the same shall thereupon become due and
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