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<br /> by owner's and operetore of s�mller propertles and ae Beneficlary mey require for It: protection. Truator wlll c�mply -
<br /> wlth nuch othor r9qulrements as Beneficlery rney trom time to time requost for the protoction by Insurance ot the , �
<br /> Int9roat of the rospactive perties. All ineurence poltcles malntained pursuunt to thls Deed of Trust atiell nam9 Truator T
<br /> • i and �eneficlory es Insurod, na thelr reap�ictivo intoreat may eppoer end provide that thore shell be no cancellatlon or
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<br /> modiflcAtlon withcut fiftaen 116) deys prlor written notiflcaYio►� to Trustee ond Beneficlary. IN the event any pollcy ,. •-
<br /> l hureunder la not renewed on or bofore ilfteen (16) deys prior to I�s explretion dete,Truatee or Beno4lciary mey procure �
<br /> such Inaurence In eccqrdance with the provislons of Paregraph 7. Trustor shall dellver to Beneficiery tt►e original
<br /> � pollGiea of Insurence and renewals thereof or copies of such policies end renewalo thereof. Feilure to furnlsh such
<br /> fnsurence by T�uetor, or renewals as requlred hereunder, shalt, et the optlon of Beneticiery, constftute a default. All .. -
<br /> I unearned premlums are hereby assigned to Trustee as addltionol securlty,end e sele end conveyence of the Property �
<br /> 1 by the Trustee shall operete to convey to the purchaser the Trustor's Intereat in and to all policies of Insurance upon � `
<br /> the Trust Property.
<br /> � !i. Yaxea and Asaesaments. Trustor shall pay all taxe� end special assessments levied or assessed against, or .
<br /> � � due upon,the Property before delfnquency end wfll deliver to Beneficiary copies of receipts showing p�yment of such •`.
<br /> 4exas and special assessments. -- °°''"'�'`'
<br /> ' 6. Addltional Llens. Trustor shall make ell payments of interest and pr(ncipel,and payments of any other charges, �"^�rt*=-
<br /> fees, and exp�nses c�ntracted to be peid to eny existing lien holders or prior beneficit�ries under eny prlor Deed of , . ^°}=_r"'�`�'
<br /> Trust, Mortgsge o�other security agreement, before the deto they are delinquent and to pay eny other clefm which °= -�—
<br /> • jeopardizes the security granted herein. " -
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<br /> 7. Protectian of Beneflctery's Security. Should Trustor fail to meke any paymont, fail to da eny act es herein ,
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<br /> ` provided or If sny action or proceeding is comrnenced which me4erfelly effects Beneficiary s IMorest in the Property, • i.��:.�
<br /> �. � including. but no Iimited to, eminent domoin. Insolvency, arrangements or proceedings involving a bankrupt or � n'"''�
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<br /> decedent,then Beneficiary or Trustee, but without obt(getion to do eo,and without notice to or demand upon Trustor, �.;�.
<br /> � end wlthout releasln8 Trustor from eny obligation hereunder, mey meke or do the same, and may pay, purchase, .t.,�, � �Y
<br /> � contest or compromise andy encumbrance, charge or lien, wh(ch in the judgement of either appears to effect s�id " :
<br /> � � Pro�erty;in exercising any such powers,the Beneficiary or Trustee may incur a Ifabflity and expend wh�tever emaunts, ��` �: '��
<br /> , � including disbursementa of reasoneble ettorney's 9ees, which in their absolute diacretlon mey be necessory. In the ,:yi��,�"�
<br /> � event thet Trustor shall fail to qrocure Insurence, fail to pay texes and special assessments or fell to make any - -
<br /> � t payments to existf ng or prior 1(en holderc or beneficiaries,the Beneficiary may procure such insuranco and meke auch ,. ,
<br /> • peyments. All sums incurred or expended by Benefictary or Trustee In accordonce with the provisions of the Deed of ''"'' ' � �
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<br /> 1'rust aro secured herebV vnd,wfthout demend,shell be Immediately due and peyeblo hy Trustor and shatl Dear interest
<br /> .: et the rete provided for edvencos under the Loen Agreement;provided, however,that at the optlon of tho Benoficiary
<br /> or Trustee,such sums may be added to thls pr!ncipal balence of any indebtedness secured hereby t�nd shall bear the ;4
<br /> same Interest as such Indebtedness and shell be payeble ratably over the remaining term thereof. .�
<br /> f . 8. Aaalgnment of Rent�. Beneficiery shell have the right,power and authority during the contlnuenee of this Deed
<br /> C of Truat to collect the rents, issues end profits of the Property end of any personal properry located thereon with or � �
<br />' „ . � wlthout taking possesslon of the Property affected hereby,and Trustor hereby absolutely end unconditionelly assigns
<br />_ ;,. ell such rents, iseues end profits to Benef(clary. Beneficiary, however,hereby consenta to thc�Trustor's collectlon and
<br /> x retantion of such rents,issuea and profits es they accrue and become payeble so long as Trustor is not,at such time,
<br />_ � a In default wfth respect to peyment of eny indebtedness secured hereby or in the performance of eny agreement ;�
<br /> �. hereunder. Upon any such default, Beneficiery mey at eny time, elther in pe�son, by agent or by a recefver to be ..
<br /> �" eppolnted by �court, without notice and without regard to the adequacy of eny security for the tndebtedness heroby ��� �+J
<br /> "� ' secured: (a) enter upon and teke possesslon of the Property or eny part theraof and in Its oH n name sue for or ` � _
<br />_ •� � � otherwiae collect such renta, Issues and profita, including those past due end unpeid,en epply the same, less costs _—
<br /> and exponse� of operatlon and collection, inctuding reasonable attorney fees,upon eny indebtedness secured hereby
<br /> �� and in such order as Beneficfary may determine:(b)perform such acts of repeir nr protection es may be necessary or ;�—�
<br /> • ' proper to conserve the velue of the Prcperty: (cl lease the sarne or eny part herenf for such rental torm and upon euch E��=�=4�-
<br /> � •"�. conditlons as its Judgment m.ay dictete. Untesa Truetor and Beneficiary egree otherwise fn writing,any epplicetlon of -- ----- ° -
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<br /> , rents,Issues or praflts to eny indebtedness aecured hereby ahell not extend or�ostpone the due date of the installment
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<br />_ peyments as provided in the Loan Agreement,end the application the�eof es aforesaid shell not waive or cure any _ y,y�-:-
<br />- . �;:. ' default or notice oi default hereunder or invalidote any act done pursuent ta such notice. Tnistor olso assigns to '� �;
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<br /> Beneficlary,as furthor security for the performance of the obligationa s�cured heroby,all prepald rents and all monies .� �. 3w•f.A+�• ;
<br /> � � which may have been or mey hereafter be deposited with sald Trustor by any lesaee of the Property, to secure the ---�,'',-�'.���^r••
<br /> _ � � payment oi any rent, end upon default In the performance of any of the provislons hereof, Truetor agrees to deliver �� '��,,:,:�;:�;���
<br /> p such rents and daposits to the Beneffcfary. Dulivery of written notice of Beneffcfary's exercise of the rights granted • ....
<br /> � horein to eny tennnt occupying seid premisos shall be sufficient to requfre aeid tenent to pay seid rent to tha �� •
<br /> - Benoficlary until further notice. • '
<br /> �' " 9. Condemnntion. If title to any part uf the Property shall be token in condomnetlon proceedings, by right of � �+
<br /> - � � eminent domain or similar ection, or shall be sold under threet of condemnetion, ell awards, demages end proceeds
<br /> �; ere hereby assfgned end shall be paid to Beneficfary who shall epply such eward,dameges end proceeds to the sums ,.
<br /> �' • secured by the Deed of Trust, wlth the excoss,If eny, paid to the Trustor.
<br />� _ 10. Future Advancea. The Loan Aarnement arovides for edvances from timo to time to Trustor bv Boneficierv -_ - _-_._-_ .�_
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<br /> es provided therein. In addition, upon request of Trustor, Banaficiary, at Beneficiary's optian,prlor to reconveyance
<br /> - of the Property to the Truator, may make edditionul future edvences to the Trustor, Such future advences, with •
<br /> � interest thereon,shall be securod by this Deod of Trust when evidenced by promissory notes stating that said notes
<br /> aro secured hereby; provided that et no time sheil tho secured principal and future advances, not including sums
<br /> advanced to Protect the socurfty, exceed one hundred percent (100%) �f tho original princfpel amounts securod ,_ -
<br /> - hereby. •
<br /> 11. Remodles Cumulntive. All remedfos provided in this Deed of Trust aro distinct and cumulativo to any other •
<br /> right or remedy under this Deed of Trust or afforded by low or equity, and may bo exercf�dd conCUrrently,
<br /> independently or successiveiy. • `• •
<br /> - 12. Accoleretlon; Remediea; Sele. A default shell oxiat in the evcnt of:
<br /> �. (A) Any fraud or misroprvsontotion by the Trustor in connection with tho Ifno of crodit which this Dood of Trust
<br /> secures;
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