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<br /> -`.' , .+ . •40. Rrotectionf an cHOn orfproceedt g►stcomrteeneed+ertiich G:.es or may adversety affect the�rust Pr percy or the t , ` .
<br /> Trust,o Y
<br /> interest ot Trustor or Beneficiary►herein or the titte of Trustot thereto,then Beneticiary.at its option,may pe�orm E �`..
<br /> � such covenants and agreements.make such appearances,detend aga��st and investigate such action or proceeC- i • . i
<br /> ' Ing and take such othe�aetion a9 Beneficlary deems necessary to protect its interest�ncludiog.but not limited to. � � ``, s
<br /> disbursement of reasonebte attomey tees and entry upen tfie Trust PropeRy to make repalrs. Any amounts d�s-
<br /> bursed by Benefialary pursuant to this paragraph 10.disbursed by Benefictary pursuant to this paragrdPb 10•with � � ,
<br /> � �
<br /> � interest thereon,shall censtitute Indee^e dguch a ountsrsbail he payable upoo rtotiee f omeBenetictary to Trustor ' _ � • . - �
<br /> � ciary agree to otho�terms ot paym . � � �
<br /> ` ' requesttng paymeot theteof,and shail bear interest trom the date of disbursement at the default rate,lf any,set tarth �
<br /> in the NotB,or atherw�sa at the highest rate permittsd by law. Nothtng contained tn this paragraph sheil require ,
<br /> � Beneficiary to incur an n he Trost Pr perty as TrustoYS age t and in Trustores nambe erothenuise to perform any � � �� ,. . .
<br /> Beneflciary to enter upo � • � -
<br /> • ': ; and au covenants and agreements to be pertormed by Trustor as herein provided. 8eneficiary s�atl,at iu oDtion,be � _
<br /> - - T-:' subrogats0 to any encumbrance,Uen,dafm or dsmand and to all dght and securiUes tor the payment thereof paid or � � __ _'r_i_ '-_
<br /> � discharged by Beneficiary under the provisions hereof and any such subrogation rights sha11 be ad�tiona{and
<br /> cumulative security for this Qeed of Trust.
<br /> f 11. CondemnaGon. The D�a�e�of any award or claim for damages.Cirect or consequential, in connectlon with any
<br /> � condemnation or other taking of the Trust Property.or any part thereot,or for rygio W���1�8'and prosecut ncn 8�4 •. ,'��`
<br /> � of condemnatlon,are hereby assigned to and shatl be paid to Benefiaary. _ , � ,
<br /> faith anA wlth due diligence,its claim for any such award or payment,and witl cause the same to be cottected and �.,,_.� ,
<br /> paid to Beneflciary,and,should it fall to do so.Trustor irrevocabty authorizes artd empowers Benaficiary,in the name :,;�`.,
<br /> of Trustor or otherwise,to flle,prosecute,settle or eompromisa any such clatm and to cotlec�recei0t tar and retaln
<br /> � � the proceeds. If the Trust Property is abandoned by Trustor,ar, after notica by Beneflciary to Trustot that the ;
<br /> condemnor offers to make ao avrard or settie a claim for damages.Trustor faits to respond ttoUBe peo�e�ry w�i�ie _ _ .�< ;;
<br /> � ` :�! thirty(30�Qays after the date such notice is mailed,Beneflciary is authorized to callect and app y ��4 __ _,
<br /> manner indicated herein. The proceeds oi any award or ctaim may, after deducting all reasonable costs and
<br /> expenses,inctuding attomey fees,which may have been incuRed by Beneficiary in the coQecNon thereof,at th ent of : �� f,..,
<br /> diseretion of Beneficlary.be reteased to Trustor,applied to restoration ot Truat P[operly.or applied to the paym �'} � �_
<br /> � the Indebtedness. UNess Benefidary and Tnistor otherwise agree in writing,any sucn aDPllratIon of praceeds to Indebtedness
<br /> shall not extend or postpone 1he due date of the lVote or the paymenf ot any fnsta►►ments called for thereunder. _ -. -
<br /> 12. T�ustor Not ReleaseC. Extension of the time for payment o: ^a3ification of any amortizatian of the Indebtedness `. �
<br /> � granted by Benefictary to any successor in interest of Trustor siialt not operate to refease.in any manrter,the liability - . ,'S _�
<br /> � of Trustot and Trustors successors in interest. 8enefieiary shait not be requlred to commence proceedings against . :!_—
<br /> � such successor or refuse to extend tlme for paymenf or otherwfse modify amortization of the Indebtedness by • , •�v_�
<br /> reason of any demanQ made by Trustor and TrustoPs successors in interest ,•r• ••�_
<br /> . .�•.` .�;:F-l•'.
<br /> � 13. Financfal lntormatfon. Upon request o}Beneficiary.Trustor wili provide to Benefldary,withln ninety(90)days of the :, rr �i..-_�.
<br /> ctose of eact►fiscal Year of Trustor,the consolidated batance sheet and statement of eamings oi Trustor and any �f
<br /> M� _��
<br /> - and ail guarantors oi the indebtedness secured hereby,if any,and wiN Provide and deliver to 8eneticiary sucb other • �` -�_
<br /> flnancial intormation and in such manner as BeneAciary may reasonably request irom Ume to time. . ,.�,���•
<br /> � ' 14. FinanGal Covenants. In additfon to any other flnancial covenants of Trostor made in any other agreement,instrument '� . _:�,_—�
<br /> or document,Trustor shatl compty w(th end shall cause any end ail guarantors of the Indebtedness secured hereby - +� . __
<br /> �- to campiy with, or be in comptiance with, the tollowing flnanqiat covenants: (This paragraph shall not apply it - „� . ,jY��.;
<br /> covenants and requirements are not sat foRb herein.) �r�`-
<br /> 15. Schedule of Laases. Withtn ten(10)days after demand,Trustor shail fumish to Benaflciary a schedute,certifled to
<br /> i� —
<br /> . , by Trustor,setting forth all leases of the Trust Property,or any portion thereof,Inciuding in each case,the name of �. �.
<br /> � the tenants or occupants, a description of the space occupted by such tenant or occupant, the rental payable for , �
<br /> - such space,and such other informatlon and Gocuments with respect to such teases and tenaneies as Beneficiary _'J�;�"�;;
<br /> may reasonably reques� �;
<br /> ' 1g. Covenants of Trustor with Respect to Leases. Without the prior written consent of Beneficiary.Trustor shali no� _�
<br /> directiy or indirectly,wlth respect to any lease of space in the Trust Property,or any portion thereof,wfiether such ;�4.
<br /> tease is now or hereafter tn existence: ` s�-
<br /> (a) Accept or permit any prepayment,dlscount or advance payment of rent hereunder In excess oi one montA, .,, ti::.J
<br /> (b) Cancel or terminata the same,or accept any canceitation,termination or sunender thereot,or pertnit any event , y_,;*,�.
<br /> . to occur which woutd oCCUr thereunder to terminate or cancel the same,other than termination tor nonpayment ;:.�_,
<br /> ' of rent, : ::.;".-_,
<br /> ' ' (c) Amend or modify the same so as to reduce the term thereof,the renWl payable thereunder,or to change any ��.�; .
<br /> renewat provisions therein contalned. ', "`
<br /> �•• ' � ° (d) Waive any Ceiault thereunder or breach thereof, �. .. ��
<br /> � � (e) Give any consent,vraiver or approvai thereunder or take any other action in connection therewitfl,or witti a
<br /> � ��_
<br /> ' tessee thereunder,which woutd have the eNect of impairing the vatue of the IessaPs interest thereunder or the �; '__
<br /> ' • '� property subJect thereto,or oi Impairing the Oasitlon or interest oi BeneBciary therein,or .. ,
<br /> (i) Sell,assign,pledge,morcgage or othervuise dispose of,or encumber its Interest in any sald lease or any rents, .
<br /> issues,protit9 issuing or arlsing thereunder. .
<br /> 17. Waiver oi Statute o1 Limitations. Time is o!the essence in alt oi Trustor's obilgations anO dutles hereunQer:and to the ,
<br /> extent permitted by law,Trustor waives a11 present or tuture statutes of Iimitatlona with respect io any debt,demand . . ,
<br /> or obllgation secured hereby and any action or proceeding for the purpose of entorcing this Deed of Trust ot any ,
<br /> rights or remedies contained herein. . ,
<br /> 18. Asslgnment of Deposits. In the event construction of improvements is wntemplated by the loan evldenced by the
<br /> :'�t Note secured hereby,as additlonal security therefore,Trustor hereby transters and assigns to Beneflciary,ail right.
<br /> � title and interest to any and all monles depoaited by or on behaif of Trusior with any clty, county,public body or
<br /> � agency,sanitary district,utility company,and any other body or agency,for the instailation or to secure the Instatta- .
<br /> tlon o1 any utitity by Trustor,pertaining to the Trust Propetry. . . �� '
<br /> � 1g. Corporatton or Partnershtp Existence. If Trustor is a corporation,general partnership.or timited partnership,it will do
<br /> � all things necessary to preserve its corporate or partnership existence. as the case may be. and all rights and . ,
<br /> privileges undor the laws o}the state of Its�ncorporation or o�ganizatio�.
<br /> ,!� 20. Porbearance by 8enefielary Not a Waiver. Any forbearanee by 8eneficlaiy in exercising any right or remedy
<br /> hereunder,or otherwise aiforded by appUcable law, shall not be a waiver of or preciude tha exerclse of any such
<br /> • right or remedy. The procurement ot insurance ar the Dayment o1 taxes or the discharge ot Ilens or charges by �_
<br /> Beneflciary shall not be e walver of Beneficiary's right to accelerate the matutity o1 the Indebtedness.
<br /> 21 e edyeunCerrtthfstOeedAof T ustor aHo ded by law or�equtty,and�may bete ere sed co curren Iy,andepende nly or ,
<br /> successivety• ' �
<br /> 22. Succassors and Assigns Bound: Joint and Several Llability;Captione. The covenants and agreements herein con-
<br /> tained shall bind.and tho rights hereunder shall inure to, the respective successors and assigns of 8eneficlary,
<br /> 1 of tAe paragraphs of f this Deed ot Trust a9e forecon e'n encte nhy'and laretnott o be rused to�ter'pret or detine�the �
<br /> � provislons hereof. .
<br /> ,�, 23. Notice. Except tor any notice required undor applicable law to be g�ven in anolher manner. (a)any notiCe to Trustor
<br /> - , provided ior in thls Deed of Trust shall be given by malting such notice by certified ma�l. return receipt requested
<br /> '�' addressed to Trustor at its mai��ng address set forth above or at such other address as Trustor may designate by �
<br /> notice to 8eneficlary as provided herein,and (b)any notiCe to BenetiCiary or Trustee shall be given Dy tertitied mail. .
<br /> � � � • � return receipt requested. to Beneticiary's and Trustoe's mailing eddress statod herein or to such othor address as '
<br /> Beneficiary or Trustee may designate Dy notice to Trustor as provided herein• Any notice provided tor In this Deed ,
<br /> of Trust shaU be deemed to have been given to Trustor.Beneficiary Or Trustee when given in the manner designated �
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