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<br /> .1`` � � � 4. tNSURANCE. Trustor,at rts expense.Nnll mamtain wdh msurers approved by 8eneficiary. msurance wdh resped to the � '
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<br />' t . , ; Improvements and personal property.consMutrng the Property,agamst toss by fire.lightnmg.tomado.and ather penis and hazards • . ;".. -
<br /> � "'. covntred by smndatd ext8nded coveraga endorsemRrtt,m an amount equat to at least ane hundred percent of the tull repiaeement <<
<br /> - ° � vatue theruat and msuranee ega�nst such other hazards and m sueh emounts es�.s astomanly camed by awners and operatoss of � ,� �
<br /> �r . , , � sundar ro erties or as Benefi ma uire tor its rotechan.Tnrstor Mnil eom wRh such other r wraments as 8enefic�a ma � �
<br /> P• P a�ll Y re9 ts P ?�Y eQ ry Y C
<br /> �' • � from Ume to dme request for the protecton by�nsurance of fhe mterests of the respecdve parhes.All msurtsnee pol�aes mairttamed �_ ., ,
<br /> pursuant to this Deed oi Tnut sha0 name Trust�r and Benefirrary as�sureds,as thev respeCWe mterests may appear,and prohde !
<br /> '�j_ � 'j � that there shal he no eanceilahon or mofification�rRhout no less than 15 days pnor wrrtmn noNccahon to Trustee ertd 8enefiaary.ln � , ��; .
<br /> � the event any poGry hereunder m not renewed on or before 15 days pnor to rte expiratwn date.Trustee or Benefiuery may procure
<br />`�' ' � suen msuren�in aeeoMance wrth the prov�ons of patagraph A6 hereot Tnistor sfiaU deirver to Benefiaary the onginal pohces of
<br />-��.. � • � msuranee and renewais thereof or memo eopres ot sueh poGdee and renewals theteoi.Fadure to tum�sh such msuranee by Tn�stot. � �
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<br /> � ; �� � t or renewats as requrced hereunder sdsll.at the option af Benefraary,tons6tute a defauR L
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<br /> ' -Z � 5. TAXES.ASSE33MENTS AND CHAAGE3.Trustor shall pay ali taxes.assessmenis and other charges.mdudmg,wdhaut „ < ��
<br /> ,"�t'. � _ Y.� � hmeauon,fines and mvpositions aifibutahte to the Property, and leasehad paymertts or ground rents. d any. betore the seme , ,
<br /> �' --- become delinqaent Trustor shan prompUy tumish tn Benefiaary ell nohces of amounts due undor tti�s paragraph,and m tha everu - :. --- ,----
<br /> '��; � Trwtor shell make paymert d�recUy.Tn�stor shail pmmptty tum�sh to Benefiaary rete�pts ewdenc�ng such payments.Trustnr shall . • _ �
<br /> pay aU texes and assessmer►ts which may 6e lev�ed upon Beneflaary's mtarest herein or upon this Oeed of Trust wrthout regard to
<br /> k`� ' } any Iaw that may be enaded imposmg payment of the whole or any partthereof upon the Benefiuery. • ., .. .: x. :
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<br /> � ,, 6. AODITIONAL UENS AND PROTECTION OF BENEFICIARY'S 3ECURITY.Trustor st�all make all paymetds of irtterest and -'�',r` '
<br />- �i . � pnncipai end payments ot any other charges. fees and expenses contraeted to be paid to any ewsbng Gen hoiders or pnor ,. :
<br /> _1 E benefivanes under any pnar deed af trust or mortgage before the date they aze detmquent and prompUy pay and diseharge any and • , -
<br /> ;';; , , ail other 6ens,etaims ot eharges whtch may ieopard"¢e the seeurity granted here�n.If Trustor fads to make arry such payment or fwis
<br /> �j�_ M perform any of the oovertanfs and agreements mntemed m th�s Deed o!TrusL or m any prior mortgage or deed of trusf,or d any �
<br /> ;:t•: � aehon or proceedmg �s commenee8 which matertaliy atfeds Benefivary's mterest in the Property, mcludmg, but not IimRed w. :�'-_�.
<br /> � emment doma�n proeeedmgs,or proceedmgs mwMng a deceden;or ATrustar fails W pay Trw^tor's debts generally as they beeome � ��`�"
<br /> ���� due,then Be�efiaery,at Benehuaryra ophon arrd wrthout not�ce to or demand upon Trustor and wRhout releasmg Trustor irom any - • a,
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<br /> ���. ohL•gahon hereunder. may meke such appearenees. disburse sueh sums end take such action as s necessary tc protect , -�
<br /> -Qf Benefivary's interest, mdudirtg,but not limited to, disbursement of reasonabte attomey's fees, payment, purchase, contest or , �''-�.` �-
<br />�-_�� . � � com rom�se of an encumbrance,ehar e or lien,end e u on the Pro e to make re airs.In ffie event that TnuWr shall fad to :`':' `, - �
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<br /> � proeure msurance or to pay taxes,assessments,or any other charges or to make any payments to any ex�sGng pnor�ien holdets or `.'r: '-'•�:.-��.°
<br /> ''�` - benefiaaries.Benefraery may proeure such�rtsurance and make such payment Arry amounts disbursed 6y Benefiaery pursuant to - `�w�
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<br /> �i� , th�s Paragraph A.6 shali become eddfional indebtedness oi Trustor seeured 6y th�s Oeed of Trust Such amounts shdl be payable � �-�--. ,�.
<br /> � ''` ' upon ne 6ce i r om B ene fiei a ry t o T r u s t o r re q u e s d n g p a y m e n t t h e r e o f,a n d s h a l l b e a r i n t e re s t t r o m t h e d a t e o f d i s b u r s e m e�t a.*the , �•.�'f�'±�.
<br /> `;�` •��� rate payabte from time to 6me on autstanding pnnrapal under the Note un tess payment ot interest at sueh rate would be contrary to , ���'
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<br /> � . r appheeble Iaw, in whieh event such amounts sfiell bear mterest at ffie h�ghest rate pertnissible under applieable Iaw. NoYhmg . _
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<br /> . . . .. Wntamed m this Paragraph A.6 shall require Benefieiary to mcur any expense or take any aetion hereunder. '�S'�.;��4`
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<br /> ;,,, B. IT IS MUTUALLY AGREED THAT: . 'r-�'1�"�:
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<br /> .;r� � , _ 1. ASSI(3NMENT OF REMS.Benefiaary ahall have the aght,power and authorrty during tl+e conUnuance of th�s Deed of Trust : Y r""�'__
<br />��; to eolled the rents.�ssues an�l p-ofits o1 the Property and of any personai property toeated therean wRh or wrthaut taMng possession .. ;:��
<br /> ' ''� of the properry affeded hereby.and Tnrstor hereby absolutely and uncond�tianally assigns a0 sueb rents,issues and profits W '.r-��
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<br /> �'� Benefiaary.Benefiaary,however,hereby consents to the Trustor's ealledton and reterrtion of sach rents,�ssues and profits as they `'?"'���
<br /> ���;�' ' aeerue and become payabte so long es Trustor�s noL at such time,m default witt�resped to payment of any mdebtedness secured , ii .�?.`�'
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<br /> � � hereby,or m the peAortnance of any agreement hereunder.Upon any sueh default,Beneficiary may at any tfine,eRher m person,by . � . .���
<br /> � agen�or by a reeeNer to be appomted by a eouA.wdhout noUCe and without regard to the aQequucy of any secunty tor the -��-`.
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<br /> mdebtedness horeby secured.(a)enter upon and take possess�an of the Property or any peRthereof,and m�ts own name sue for or �-�'
<br /> - � otheranse coileci such rents.issues and profits,mdudmg those past due and unpaid,and apply the same,less eosts and expenses _ __
<br /> � of ope�ation and collechon, inGud�ng reasonable ettomeys fees, upon any mdebtedness seeured hereby,and in such order as ' , �-;
<br /> . 8enefiaary may detertnme;(b)perfortn such acts of repan o►protedion as may be neeessary or proper to canserve the vaiue oithe , '-.�°`��'
<br />- � Propertyr,(c)leasa the eame or any part theree'for sueh rental.term.and upon sueh wndRions as Rs ludgment may dietate or . ."-a�
<br /> termrnate,or adiust the tertns and cond�tons ot ex�shng►easos.Untess TrusMr and Benefivary thereof agree othervv�se in w►nmg. • , ' `�;
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<br /> = any app6cahon of rente,issues or profit�to any mdebtedness sewreC hereby shall not extend or postpone the due date ot the � _ .'.':��
<br /> � mstallment payments as provided m sa�d prom�ssory note or change the amouni ot such mstallmenta.The entenng upon and , � e=
<br /> taking possession of the Properry,the eolleetion of such rents.issues and profits,and the appl�cation thereof as aforesaid,shall not •
<br /> ��.�:: . wawe or eure any default or nohce ot dehtult hereunder or inva6date any ad dane pursuant to such nohce.Trustor also assigns to .
<br /> .`'- 8enefieiary,as tuRher seeuriry for the perfortnance of the obligapons seeured hereby,a11 prepaid rents and all monies whieh may • �
<br /> �`•• � huve been or may hereafter be daposrted wRh said Ttusto�by any les�sea of the PtopeRy,to secute the paymerrt of any rent or . ••
<br /> '.. . � . les s
<br /> �"ys.: damages,or upon Qefault m the performance of any of the prov�sions hereot,Trustor agrees W detrver sueb renta and deposrts to
<br /> , +;. • � Beneflciury.Oelrvery o}wrRten nouce ot Benefiaary's exerc�se of tha nghts granted herein,to any tenant accupying said premises • • .
<br /> ' �'� � _ � ehall be suffiqent to reqwre sa�d tenant to pay reni to the Benehciary unGl turlher notiee. • , , ,
<br /> � 2. CONDEMNATION.If title to any part of the Property shall be taken in condemnation proceedings,by nght of emment domain
<br /> �s' � or s�milar action,or ahall bo�otd under threat of condemnation,all awarda.damages and proceeds are here6y assigned and shall be , . '
<br /> . � pmd to 8eneficiary who shall appty such swards,damages and proceeda to the sum aeeured by this Deed of Trust,wRh the excess. _ _
<br /> A any,paid to Trustor.If Trustor reeeives any notiee or other mformation regardmg such aeUona or proeeedmgs.Ttustor shalt grve
<br /> , 1 prompt written notice thereof to Benefie�ary. Beneficaary shall be enUtled,at Rs opLon,to eommenee,eppear in and proseeute m rts :
<br /> ,. � own name any sucH aGion or proceedmgs end shall be entMed to make any wmprpm�se or settlement m connecuon wdh any auch
<br /> � aqion or proceedmgs. .
<br /> 3. fUTURE AOVANCES.Upan request of Ttustor,Benefiaary at Beneficiary's option,pnor to reeonveyance of the Property to
<br /> , _,,y�' � Trustor,may make future advances to Trustot.Such tuture adVances,wRh mterest thereon,shall be seeured by ttt�s Trust Oeed
<br /> � j when ev�denced by promissory notea stahng that sa�d notes are secuted hereby:ptovided that at no t�me shall the seCUred pnnc�pal. .
<br /> � • , � future wdvances.not includmg sums advaneed to protect the securrty,exeeed Two Hundred percent(20096)ot the ongintal pnneipul •
<br /> '• amounts secured hereby.
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<br /> � 4. REMEDIES NOT EXCLUSIVE. Trustee and Benefic�ury. ond each ot them. shall be entRled to enforce payment and .
<br /> r-r �,� � performanee oi any mdebtednass or oCUgationa secureA hereby and to exercise ali nghts and powera under this Deed o1 Trusl or , •
<br />''.�r undor any other agreement executed m connection herewRh or any taw9 now or hereafter�n farce,notwAhstunding some or all of the
<br />- such�ndebtedness and ob6gabons secured hereby moy now oi hereaftet be otherwise cecured,whether by mortgage.deed of trust. •
<br /> pledge.I�en.assignment or othervvise. Nerther the acceptance of th�s Oeed o}Trust nor Rs entorcement whether by court adion or •
<br /> ` "�� pursuAnt to the power o}sate or othe�powera herem wntamed,shall pre�udice or m qny manner aHect Trostee's or 8enefic�ary e '
<br /> �� -l � nght to roAl�ze upon or enforce any other secuMy now or hereafter held by Trustae or Benel�c�ary.R bemg Agreod that Trustee and
<br />'_1 . Benefivary, and each o}them.shall be entdled to enioree this Deed of?rust and Any other secunty now or hereafter held by
<br /> 4.�' Benefic�ary or Trustee�r�sueh order and manner as they or erther of thom moy in thon absolute d�scrot�on dete�mme.No remedy
<br />- herem costetred upon or reservsd to Trusteo or Bonefic�ary is intonded to bn exclusive ot any other remedy hetein or by law . , �
<br /> providod ot permrtted, but eaeh shpll be cumulatNe and shall be in addR�on to every other remedy given hereunder or now or ;
<br /> � hereofter exisbng al�aw or �n aquAy or by statute. Every powot o�remody prov�ded herounder this Deed o1 Tiust to Trusteo or � ,
<br /> Benofiemry or to wh�eh erther o}them mAy be atherwisa entRled.may ba exercised.eonturtendy o�mdependently.lrom t�me to timo � •
<br /> nnd as often as may be doemod exped�ent by Tmstee or 88neficinry nnd orther of them may pursue meons�stent romod�ea Noth�ng
<br /> ., here�n ahall be eonstrued ns proh�brtmg Benel�c�ary from seekmg n dol�aeney�udgment agamst tho Trustor to tho extent such acdon �
<br /> �s permRted by lav�.
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