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<br /> ib. Flnancial Covonertta. In adddlon to any ofher Ilnenclaf covenanta of nustor med�!n srry otho►apreement,�nefrument or documonL nustoi 8hn1�
<br /> � compty wdh end shell causo any end ell puorentors'�c�?��^��srend roqu romentn nru�utsor fort/h horoin�b��n compAenCO wlfh,the lollowing R
<br /> i Onendal covenen�e (Tms pnraprnph nhell not app y
<br /> �� 10. SGhOdUlO Of 1.08509 Wlthin ton(10)days affa�domand, hu8tor ahall IurnJSh to BonoOciary e Sc�edulo,cortJ+od to by nustor,sotdnp fu�ih all lonsos -
<br /> 01 tho l�ust Property, or Arry portlon►hereol,�nr.ludmp in aach case. tho namo o/tho tonenta or ocr,upantr,a duscnpnon o�fho Gpeco occupied�y _
<br /> � such lonant o►acupanr,fhe rrinte�payeble for s�ich apaco,snd auch other lnformaNOn end documerttx with rospect to such loesos nnd tonsnr.ios
<br /> � ns Bonollc�ary mey roasonebty roquust °
<br /> i 17 C01ron811f8 Of bu8f0►Wlfh AdSp9Ct t0 L6AS69.W/fhrtl0ll fhBlBO� whethe such leasees nr'ow orBeraARorhn'ox 8fonco�tty pr�nduoctly,wrth rospoct fo
<br /> � urry loeso of cpaco In fho 7iu�at�Pmo o►fy,'o►o�o°A�anCC PAyment o1 renf horoundor in oxcoss of ono month,
<br /> �� (a) Accopt or pormit any P P Y --• -
<br /> (b) Cencel o�terminete fhe same,or eccopt a►ry cancollaNOn, torminatlon o►surrondor thereal,or po►mft any ovont to occur whic��wuuld occur �
<br /> ment ol reM, �';°`
<br /> „ � fhe�ounder ro rorminato o►cancel the samo.other then terminetlon for nonpay ., ._
<br /> (C) Amend oi mnd!/y the samo so as to reduce the term thereof,the rental payable thorounde�o�to Chanpe eny ronrnval p�ovlslons themin
<br /> `•';_
<br /> � contalned, --
<br /> (dJ Welve arry delault fherounder or breach thHreol, �
<br /> (e) pJve any consent,walver or approvnl thereunder or take arry othor actbn ln c ennesub ect 1here,ro or oiJlmpaving the pos(t on ol lnterest o!d have
<br /> � the effect o�Impaldng the value o/the lessor's Interest thoreunder or►he prop rty 1
<br /> Bene�lcrary theretn,o� �
<br /> (n Seff,asslgn,pledge,moKgage or o�henv�se dlspose of,oi encumbe�Ita Interest In any sek/fease or eny renta,lasues,prollts Isauing or arlslnp � { R� -
<br /> ;wK,
<br /> thereunde►.
<br /> �� weWes a I present or futlu stat tes of limllatbns wlth respect torany deb�'demand or ob/lgatlon secu►ed�hereby and axny acton ortt pro�eeding forrol .e.
<br /> � `-u.:
<br /> the purpose of enforcing this Osod G 1iust or arry dghts or remedles contalned hereln. the Note ser.ured hereby.as additbnal ;;'��4':
<br /> •� 19. Assk�nment ot Oeposits.!n the event consbuction ot Improvements�s confemplated by the loan evldenced by •
<br /> � security therefore,Trusto�hereby trensfers and assigna to 8eneficiery,a!!dght,Ntfe end lnierest to arry and all monles deposlted by or on behalf o/ �.',S
<br /> 7Yuator wtth arry clry,counry,public body or agency,sanitary dlshtct,utlliry company,and arry other body or agency,!or the Insta►latlon or ro secure
<br /> the Installallon of a►ry utlllty by TYusro►,pertalning to the 7iust Properry. x,_,_
<br /> y0. Cprpoiadon or PartnershlP Exlstence.ll Tiusror!s a corporatbn,generel pertnershlpt or limfted partnershlp,U wlll do all things necossary to preserve!ts __
<br /> 4 corporere or partnership exlstence,as the cese may be.and atl dghts and prNllegos under the lews o/the stare of Its Incorpo►etlon or organlzatlon. �,�Y..�:�
<br /> 21. For6earance by Benelklary Not a Walvei Any lorbearance by Beneficlary In exerclsing arry dght or remedy hereunder,or otherwise efforded by :'._M_
<br /> �i appUcable law,shall not be a waive►of a proclude the oxercise of eny such right or remedy.The procurement of lnsurence or tha payment o�taxes '.:'-
<br /> a or the dlscharge o/llens or charges by Benellclary shall not be a waWer of 8enef/clary s rlgM to acce/e►eto the maturlty of�he lndobtedneas. •:..-'=
<br /> � � � T�:
<br /> 22. Remedles Cumulative.All remedles provlded(n thls Oeed of 7Fust are disNnet and cumulative to enY olher dght or remedy ender thls Deed of livat . :+�=-V- -
<br /> M1[.�.af
<br /> � or allorded by law or equlry,and may be exe�lsed concuventy,lndependenHy or successhrely. ,,�fe�.�^
<br /> 23 Successors and Asslgns Bound;Jolnt and Severel Uablllry:Captlons. The covenants and apreements hereln conta1ned shall bind,nnd the�lghts ����.
<br /> .• i hereunder shall Inu�e to,the respecthre successors end assigns oi 8enellclery,Tiustee,and 1Fustor.A�I covenants and agreementa o/Trustor she!! '
<br /> _ �i be�olnt and several.The capNons end head7ngs o/the pareg�apha ol thls Deed of Tiust are lor comienlence onry and are not to be used to lnterpret �- - -
<br /> �� or deflne the provlslons nereoi. __ —
<br /> � 24. Notice.Except for eny notice requlred under appllceble law to be g:ven In another manner,la)any notice to 7ivator provlded for In tn�s ueed of Trunt
<br /> shal!bo glven by malling such notice by certl�led mall,return recelpt requested eddresaed to Truator at/ts malling address set forth abare or at such
<br /> othe►address ea Tiustor mey deslgnate by notJce to BeneBclary as provlded hereln,end(b)any noUce ta Benef/clary or Trustee shaU be glven by _____ __�
<br /> certlfled mall,return recelpt requested,to Beneflclary's end 7Fuatee's malllnp address stated hereln or to auch other address as 8eneflclary or — - --
<br /> � 7iustee may deslgnate by notice to Trustor es provlded herein.Arry notice provlded for In thls Deed oi Tiust shall be deemed to have been given to �_;.:f
<br /> :u-
<br /> Tiusto6 Bene/lclary or Tiustee when glven In the manner desJgneted heBln. __ —
<br /> � Z� �o/8u�nllicfs w�►b ePPllcable lew,T such conl�gshe� ot eNect other prov alons of thls Deed ol�1i st w ch can be 81ven eNect wlthout the =
<br /> � conllkdng provls(ons snd to t h ls en d t he p r o v l s►o n s o/t h l s D e e d of iFust are declared to be severable.
<br /> 4� 28. Events o�Cefault. Each o�tA9 following occurrenCes ahall constltute an event o/de/9uR hereunde►,(herelnafter called en"Event ot DefeulY):
<br /> � (a) TYusro►shall fall ro paY when due eny pdnclpal.Interest, a princlpal and Interest on the Indebtednesa, ___v —
<br /> t� (b)Arry wenenty of N(le made by hustor hereln shall be unbue, ��
<br /> � i�• (c) 7rustor shall fell to obsorve or peAorm any o/the covenaMs,agreements,or Gonditlons In thls Deed o�Trust,
<br /> ' (d) Any representatbn a wa�ranty made by Tiusror on any Ilnanclal statementa or reports submlttad to Benellclary by or on behalt of 1lustor shall
<br /> � prove lelse or materially misleading,
<br /> (e) i/usro►shall/ell fo poAorm or observe arry of the covortants,condlNOns or egreements contalned In,or binding upon 7rusro►under any bull !nB 4
<br /> � i loan egreement secur(ry agreement.ban egreement,ilnancing atarement,or any other agreement,lnshument or document executed by Tiusro► -
<br /> � � l In connectlon with the loan evldenced by the Note, -:
<br /> x � (n A t�ustee�receluer or liquldaror o�the Trust Prope►ry or of Trust�sha�l be eppo�nted,or ery o�fhe c�de o��S�8�h�.rw et�.rrfede�e�a ste% G�
<br /> R i � banMroptcy agalnst Tiusto�or tor the reorgamzation of Trustor rsuani ro tho Federe/Bankrupfcy _�
<br /> and H such order or petitlon shall not be dlscharged o�dismissed withln thtrty(30)days alter fhe daro on whkh such order or petitlon was Illed,
<br /> • + � (g) Tiustor shell I!!e a peUtlon pursuant to the Federa!8enkruptcy Code or e�ry slmllar lew,fede�l or state,or 1/Tiustor shall be edJudged elts debts _._
<br /> � ; I bankrupt or be declared InsoNent,or shall make an esslgnment for the bene/it ot cred�tors,or shall admlt in writing!ts Jnablllty to pey �t�
<br /> � as they becoma due,or shal!cansenf to the eppolntment ol a receiver of all or ary pert ol the 7Yust Property4 _, . . , ,_
<br /> (h) flnal judgment(or tho payment ot money shall be rendered agelnst 7iusror end Trustor shall not dlsChBrge the same,or causo i�to,pe '`y
<br /> Idlscherged, withfn thlrty(30)deys aftor the entry thereof,'en���nd socure a st/ay of executJon pe ding such app�1 B�Slupon which�r '�•�
<br /> i pursuant ro wh�ch se�d judgment was granted,bat . �"�.,_, .:�'„
<br /> I ..,Y...'..
<br /> (i/ 1lustor shaU se��or convoy the Trust Property.or ery part thereo/.or eny interest thereN,or shall be dneated oi de tltfe a eny+nterest tMro(n, n
<br /> arry menner or wey,whether vo�untariry or Invo�unradly, wlthout the written consent of Beneficiary being Nrst had and obtemed,or ,,,,��•.;�� �`
<br />_ �) If Trustor is e corporetlon or partnersh�p and more then fAty percent(50�/n)o/the shares or beneflcJal Interests!n such corporetlon or ;:�:, ,:, `�rt' ,
<br /> i d,whether voluntariry or involuntarity,without the written consent ol8eneficlary ,,„ ,
<br /> pdrtnershlp, es the case mey be,shall be transfened or conveye I
<br /> being flrst hed and obtained.
<br /> 27. Accolomtlon ol OeDr,Forecfosure.Upon the occunence ot a�Event of Default,or any dme therealter,Beneflclery may,et!ts option,declare ell the
<br /> Indebtednoss secured hereby�mmediatety due end payable and Ihe st+mo sha�l bear rnterest at tha dofault rate,d vny.set forth in the Nofe,or
<br />- othenvise af the highest rate perm�tted by�aw,and.urespectivo of whether Benehciary ererclses said ophon.d may.at its option and in ds sole
<br />- dlscretion.wrthout any further notice or domand to or upon Trustoc do one or more of the follav�ng:
<br /> (a) Beneliciary rney entvr upon.t3ko�ossessron o►,manac�e and opereco the Tiust Property or any purt fhereoh,maka repairs and alteruhons and do
<br /> arry acts which Bene��clary deems proper to protect the secu��ty the�eot,and edher�vdh or wrthout tak�ng phe same.nless co�and expensos/of '
<br /> : or othUnwSe colfeCt antl recOrve rents,�ssues end plOy/�f�.I�C�^�I/IQ(nQ SBAN SrCOSLS.upon�he Indebtedness secured hereby 8nd in such order
<br /> Op@fdflOn AlTtl CO�recuon.mciuv�ny�oab3:�o:�:,�S v'•^•:_�.-'-- - - � ---�----:-_..-.
<br /> as Benehciary ma/determrno.Upon roquest ol Benel�c�ary.Trustor shall assemble and shall mnko eva�labla to tlenenc�ary urry vl ir`�d�����
<br /> ' Properry whiCh has been romwcrd. The entenng upon end tak�ng possess�on of the nust Proporty,the collechon of any rents.issuos nnd prolits.
<br /> and fhp eppl�cation thoreol os aforesaid.shall not cure or warve any default theretofo�e o��hereaRer occunmg,or aflect any nohco ot de►ault or
<br />- nohce o!st+/J hereundor or mv2l�dare eny act dono punuant ro any such notice.Nohvdhstanding 8one0c�'d d lo�nt'th�s Deed of Trust o�by law
<br /> - roco�pt and epp��cahon o��ents.issues or prohts.Benehc�ary sh�11 be enhded ro oxerase every 9 P i
<br /> upon or aRer tho occurronco of an fvent o�OofuulL�ncludmg the nght to exvrc�se the power o�sale Arry of the achons refened to i�th�s
<br /> • parag�Aph msy Uo taken by Bonehciary at such hmo os Benehc�ary may dote�m�no�nthout regard ro the adequacy of orry secunty lor the i
<br /> indebtedness securt7d horeby �
<br /> ' �b) Bnnv6ciary shnll,wrthout regard to the adequucy ol arry searrty for the/ndebtod�ess socurod hv�eby.bo enhtled fo the oppomtment of a
<br /> roce�ve�by erry court having�unsdiclion,wrthout nohce./o fake possessro�of.protect, and manage the Tiust Property und operate the same , ,
<br /> and collect tho rents.�ssuos and prolrts thorr�from
<br /> (c) Beneliciary may bnng any achon in any court ol competent�ur,sdichon to loroclosa Ihis Oeod ol Trust o�onlorco any o!tho covanunts herHOf
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