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<br /> . ``�� '�,��`�. seasioa of the Property affected hereby, and T�ustor hereby sbso- ,; : `
<br /> � � �� ` lutely and un�onditionally aseiga� all suah reats, issues and •<���.,,,,-;, � :
<br /> � � � . � �, '� profite to Heneticiary. Beneficiary, however, herel�� consents to __ = • t�
<br /> � Trustor's collectioa and reteation of such renta, issues and • �
<br /> , �� . profita as they accrne and become payable, so �.onc� as Trnstor is , � �=.�
<br /> ,..�;
<br /> ` � • not, at sucb time, in default v�ith respect to papmeat of anp in- t..� .
<br /> ` debtednesa secured herebg, �r in the performance of anp agreement (� ;.�`•. .� f`
<br /> � ` � hereunder. If any event of default deacribed herea�ter in re- �
<br /> ° � =��-:--�� � sgect to thia Deed of Trust shall have occurred and be continu- �
<br /> -- ��°�:- fnq, Beaeficiary, as a atatter of right amd wathant notice to �. '
<br /> � Trustor or anpone clai.m.ing under Trustor, aad caithout segard to � , .� �` .
<br /> . �°� <. � the value o€ the trust estate or the interest of the Trustos ..,t.. "
<br /> therein, ehall have the right to applp �o any aourt haniag juris- �� ,
<br /> � • - � � diction to agpoint a reaeiver of the Propertp. ;�����-'.` :
<br /> - . �..:�=. _ �.
<br /> � � 9. Insoections. Heneficiaxy, or its agenta, representa- ' ��
<br /> tives or warkmea, are authorized to enter at any rea�onable �ime ` - .�� ,.
<br /> , - � • � _ upoa or in any part of the Propertp for the purpose of inspectiag ;; +-.r,.' .:`.
<br /> , . . . � the eame and for the purpose of performing any of the aats i� is ��;�.�
<br /> �: , ' ��•,�.;.<��
<br /> � � .=`� authorized to perforu� under the terms of anp loan instruments
<br /> � executed by Trustor. -
<br /> °• . • .� 10. R'+�ansfer of Pronertv. If all or any part of the .� ���, '�� -
<br /> . . i �=
<br /> �` •� Propertp or any interest of Trustor therein is sold, transferred }-a
<br /> �� � �-��V or further eucumbered without the expre�s or writtea consea� �of
<br /> ��
<br /> � � � eeneficiary, Heaeficiary ffiay, at ite aole option, declare all :�"�r$�
<br /> � sums secnsed by this Deed of Trnst to be it�aediately dne aad pap- _ �...�__
<br /> �%..I. able aad proceed to the remedies available to it nnder the de- �: ;;;�;�A�_
<br /> _ . . . . � ..:. !•--: :,�:
<br /> . - fault pgonisions confained herein. � '= � —�`
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<br /> � ' 11. Svents of Default. Any of the following enents sE�all : . ,�__ �.
<br /> ,,�►�=:
<br /> ' be deemed an enent of default hereunder: ' , •;,�:
<br /> ti: , 1:;��• � (a) Trustor sball hane failed to maka � =r
<br /> �� payment or any.installment of intereat, pria- �_
<br /> `:: .',`• � � cipal oz princi�al and interea� or anp other : ' �-,
<br /> . - . sums secured her�by when dne; .-'�
<br />. � t , �.. (b) There has accurred a breach of or "• `"`"'°
<br /> • ,, default under aay term, covenaat, agreemeat, ��E,. -•'}��
<br /> , �,,��..._
<br /> � �•� '� conditioa, provision, representation or war- ;�� :�-, -
<br />: . .��. . ��
<br /> . �. _ � ranty contained iri thie Deed of Truat, the , __
<br /> ' note ox any other loan instrument secured �_. ;; _`
<br /> . . '`- hereby. . ��
<br /> . a.;
<br /> � (c) There has been a default by the �--
<br /> � Trustor ia the paymeat of any prior or subse- �. .-_ =:
<br /> � quent lien or encumbrance in raspect to all . ,. : `
<br /> �� .' os aay part o� the Property; •� .
<br /> . . _ :�
<br /> � � � �. .:. • (d) Trustor shall file a voluntary pe- . _ . •
<br /> .� .� tition in bankruptcy or shall be adjudicated .
<br /> ' ' bankrupt or inaolveat, or shall make aa as- � ,
<br /> � � eignmen� for the benefit of creditore ia re- . .
<br /> ' ��}� � . : epect to the Property; or an action to en- .
<br /> � force any liea oz encumbrance or judgments
<br /> : � againet the Propesty is commenced. .
<br /> ' � � 12. Acceleration U�oon Default. In the event of any de-
<br /> � � fault, Heneficiary may declare all indebtednese secured hereby to �. .
<br /> �;:; , � be due and payable, and the eame ahall thereupon become due and .,: . �
<br /> � payable without any presentment, demaad, protiest or aotice of any .
<br /> � kind. Thereafter, Beneficiary may:
<br /> � (a) either in pereon or by agent, with . � .
<br /> or without bringinq any ac�ion or proceeding, •
<br /> � or by receiver appointed by a court and wi�h-
<br /> ._ � � out regard to the adequacy of any security, . �
<br /> eater upoa and take posaeseion of the
<br /> � Property, or any part thereof, in its own .
<br /> . ' � � name or in the name of the Truetee, and do �
<br /> � any acts which it deems neceaaary and .
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