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<br /> • 's. 4. IP:SUAANCE. Trustor.at Rs expense,wdl mainte�n wM msureas approvad by Benefic�ary.msurance wAh respect to the ; - -- _
<br /> . = Improvemenb and petsonal properry,consttuLng the Property,agamst toss by fire.fighfimg,tomado,and other penls and hazards , '
<br /> �� ' �; covered by stendard extended eoverage endorsemenT. m en e.mount equal to et Ioast one hunered percent of the fiell reAlacement - • , _
<br /> � . ; � vateiethereot and msuranee ngainst sueh other baurds end in Suct�amounts as is customanty camed by owners t+nd operators of - ,
<br /> � ' smaler propettas or 85 Bene.�idary tt�ey require tor Ro protecuon.Ttustor wdl comply wRh sueh other requiremenb as 8enefiasry maY •
<br /> , '. from Urne to tme request for ffie protec�hon by msurartea of the mterests of the rospedrve partres.Ail u�suranee pohaes mamte��ed �
<br /> • � . ' pursuant to th�s Qeed of Trust shall neme Tiustor and Benefipary es�nsureds.as theu respechve mterests may apPee►.and provide . .
<br /> '� � � i _ thffi ffiere sheil be no cencel►atan or modficatiort wRhout no less than 15 days pnor wrAten notfiraLOn to Trustee and Benefieiary•�n •
<br /> �:.•'' ''.� �the event eny po�cyr hereunder�s not renewed on or 6efore 15 days pnor w rts expira�on date,Trustee or Benefie�ary may prcwre i ,
<br /> such msurance m aaoordanee with the prows�ons of paragraph A6 hercoR Trustor shall delrver to Benefiaary the ongmal potmes Qf
<br /> ; ' msurance and renewats thoreof or memo wpies of euch po6c�es and renewats theceot Fedure to tumish sueh mse+renee by Trustor. . ; � - � -
<br /> '• - ' or renewals as required hereunQer shaU,aG the opLon af BeneSaary.wnstdute a defeult � , �
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<br /> ��� t � 5. TAXES,ASSESSMENTS AIVD CHAR(iE3.Ttustor shal pay all taxes,essessments and other charges.mdudmg,w�thout • _ -
<br /> r �. �tim�ahon, fines and impositions am�humbte w the Property. end leasehold payments or ground reMs, d any. betore tRe sams —. .-- -��e-
<br /> ''L�� become deGnquent Trusror shall promptly tumish to Benefieieryt aS!nahces of amourns due under th�s paragraph.aed�n the eveot ''. ��
<br /> � � ' -- �'1'rustor shaU make payment diredry.Trustor shall promptty fumsh tc Benefic�ary receipts ewdenrang such payments.Trustor shall •
<br /> , pay all taxes end essessments which may be tevied upon Benefieiary's irrterest herem or upon th�s Deed of Trust wrthout regard to _ _
<br /> ": � ' ; arty Iaw�4Te9be et�tded 6nposing payment ofthe whole arany part thereof upon ffie Benefiaary. -_ .:_.�
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<br /> ;-+�' � 1 6. AODtTIONAL UENS ANO PROTECTION OF BENEF[CUIRY'S SECURITY.Trustor shall make all payments of mterest end , ,
<br /> +' pnnapal and paymenLa af eny other charges, tees and expenses corrtrseted to be paid to any ewshng hen holdars or pnor , . L .,g.
<br /> .'� -� benefieiaries unQer arry prior deed ot trust or mortgage 6etare the date they are delirtquent and promptly pay ana discharge any and , : . •
<br /> Z all ather fisns.daima or eharges whieM may jeopaMae the seeurRy grented herem.tf Trustor fads to malce any such payment or faits , ��� s"�-•
<br /> ,- f to perfortn any of the covertants and agreemerrts contaitted in fh�s Oeed of Trust.or m sny pnor moRgage or deed of trusf.or rt any '
<br />,,�., . , + adion or proceeding is commeneed wh�ch material{y aHeds Benefiaary's mterest m the Property.indudmg. hut not hmded to. �_
<br />=.x- `� eminent domain proceedmgs,ar proteedmgs inwtving a Qecedent,or A Trus[or fads to pay Tcustor's debts generatly as they beeome ,
<br />-�� ` • due,then Beneftaary,at Benefiaary's option and without notite to or demand upon Trustor end wrthout reteasmg Trustor irom eny . • , _�
<br /> ``- � obtiga6on hereunder, may make sneh appearanoes. disburse such sums and feke such acUon as �s necessary to proted ' .�`�••;Y
<br />..,.k�.. � urchese. eantest or " � ' '�.
<br /> � Banefidary's interest. induding. but not limded to.disbursement of reasonable attameys fees. Payment, p ct. �:
<br /> ,`,: . . � compromise of arry encumbrance,charge ar Iien,and entry upon the Pmperty to make repairs.In the event that Trustor shal�f�ul to •�'°�T
<br /> -��, ' .� . procure insurance or to pay texes.assessmer�.or mry mher charges or m make eny payments to any ex�sLng pnor tien hafders or , _____�;�
<br /> •'. beneficiaries,Beneficiary may procure sueh insur8nee and make sueh payment Any amounts d�sbursed by Benefiwary pursuant to ,'�
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<br /> this Patagraph A6 shall beeome addi�onal indebtedness of Trustor secuted by this Deed of Trust 3uch amounts shalt be payable ('_�f�-�_
<br /> �" � ' � �' upon notice from Benefieiary to Trwtor requesting payment thereof,and sha11 beat mterest from the date ot disbursement at the �
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<br /> . t., rate paya6le irom time to Gme on outstanding prinapat under the Note unless payment of interest at sush rate would be cantraryt to °
<br /> . � appGeebls law, in which event such amounts shaU meet interest at the highest rate pertmss�bte under applicable law. Nothing , �.�'''�:
<br /> , . conffiined in this Paragraph A.8 shall�equire Beneficiary to ineur any expense or taAe uny aetlon hereurtder. ; Jf`'°r�'
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<br /> 8. ITlSMUTUALLYAQHEEDTHAT: � ����
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<br /> 1. AS3l(iNMENT OF RENTS.Benefiaery sfiall have the ngh�power and authorily durmg the contuwanee of th�a Oeed of Trust .' ' •. R�'.��
<br />_ ��� • to collect the renb,issues end profits of the Property and af any petsonal propeAy toeated thereon with or without taking possessron . 'j�;-�-
<br /> `�'!� ' � of the pmperty aiteded here6y,and Trustor hereby ebsolutely and uneondRionally assigns all such rents,issuea and profib to � ' ` ��,"�."=-
<br />" �s' � . � Benefivary.Ber.eficiary,however.here6y consents to the Trustor's eollecdon and ratention ot such renb,issues and profits as they , . :•'z,?
<br /> accrue and bocome payabte so Iong as Trustor ia no�at such bme,m defauR with resped to payment of any mdobtedness secured
<br />- - � hereby,or in the per(ormanee ot any agreement hereunder.Upon any sueh default,Beneftciary may at any rime.either in person,by ; _
<br /> ' _� agent,or by e recewer to be appointed by a couR. Hmhout noUce snd without regard to the adequsey of any secunty for the ,
<br /> " mdebtedness hereby secured,(aj enter upon and tak8 potsession ot the PropeAy or sny paR thereot,and in rts awn name sus for or ___ .._ _
<br /> � othennse colted such rents.�ssues and profits.mcluding those past due and unpaid,and apply the same.Iess eosts and expenses
<br /> • of operation and coltechon.mctuding reasonable attomeye tees, upon any mdebtedness secured hereby,and m euch order as ,
<br /> Beneficiary may determme;(b)periortn sueh aets of repau or protechon as may be neeessary or proper to eonservo the vatue of the . .
<br /> _ - � - �. Propedy: (c)lease the eame or any part thereof fi* such rental.term,and upon sueh eondihons au iGS judgment may d�date or • ,`�
<br /> f terminate,or edjust the terms and condd�ons of ex�ng loeses.IJnless Trustor and Be�efieietry thereot agree otherwrse m wntmg.
<br /> .i,'� , any applicution of rents,issuss or profits to any mdabtedness secured hereDy ahall not extend or postpone the Que date of the �`
<br /> ? mstamnenf payments as proaaed m said prom�ssory note or change the amount of sueh installments.The entermg upon and
<br /> - -�� • � � takingpossession of the Propeityt,the eolteetion ot such renta,iss�ues and profita and the applrcation thereof as aforesaid,shatl not -
<br /> waive or cure ttny detaatt or notfee of dSfauR hereunder or mvahdate Any act done pursuant to such not�ce.Truffior also assigns to
<br /> .� BenefiGary,as lurthar seeunty for the performanee o1 the obligation3 secured hereby,aII prepai0 renta and a1!mon�es wh�ch may :
<br /> , � have been or may fiereafte►be deposded wRh said Trustor by any tessee of th3 Property.to secure the payment of any rent or
<br /> damages,or upon detault in the pertormance of any of the prov�sions hereot,Trustor agrees to delNer such rents end deposRs to
<br /> I s?� � Benefriary.OelNery o1 wrrtten notiee of Benefieiary's exeteise of the nghts granted herem,to any tenant oecupymg said premises � :
<br /> shall be suffieient to require said tenant to pay rent to the Beneficiary until furthet not�ce.
<br /> � ��` l 2. CONDEMNATION.It Gtle to any part of the Properly shall be taken in eondemnntion proceedmgs,by ngh!ot emment domam
<br /> � i or similar aGion.or shall be sold undor threat ot condemnation,alt awards,damages and proceeds a►e Aereby assigned and shall be
<br /> � paid to Beneficisry who ahall apply aueh nwards,damages and ptoceeds to the sum secured by thi9 Deed of Trust,wRh the excess,
<br /> . � H any,puid to Trustor.I}Trustor recerves Any noUCe or other mformat�on regardmg such acdona or proceedmgs.Trustot ehAll gwe •
<br /> ' prompt wrAten notiee thereof to Benofielary.8eneficiary shull ba entdted,at Ra optwn,to eommence.appear m and proseeute m Rs �
<br /> � ' own name eny such achon or proceedmgs and shall be entitted to make any eomprom�se or settlement in eonnecnon wrth any such .
<br /> �� ,. . . �tcdon or praceedmgs. � . •.
<br /> � ; 3. FUTURE ADVANCE8.Upon request o1 Trostor,Benefivary at Benet�aery's option,pnor to reconveyance of the Property to
<br /> ' Trusto�, may make fulure ndvan�es to Trustor.Sueh tuture advances,wrth mterest thereon,shall be seeured by tMs Trust Deed
<br /> ; when evidenced by prom�ssory notes stating that eard notes ere secured he�eby,prov�ded that at no time shall the secured pnneipal. � �
<br />_ • i future advanees,not mcluding sums advanced to protect the 6eeurRy,exceed Two Hundred pereent(200°,6)of the ongmal pnnc�pul
<br /> Amounts secured hereby.
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<br /> �� � 4. REMEbIES NOT EXCLUSIVE. Trustee and Benefic�ary, and eaeh of them, shttll De entitlotl to en:oree paymenl and
<br /> � ; perlormnnee of nny mdebtedness or obhgat�ons seeured hareby and to exerc!se ali nghts and powors under th�s Doed o1 Trust or t
<br /> ... . i under any othet agraoment oxecuted m connection herev�Rh or any laws now or hoteafter u�}orce.notwRhstanding some nr all of the � . .
<br /> • { such mdebtednoss and obligations secuted hereby may now or hereofter be othetwiso setured,whethet by mortgege.deed o}trust. �
<br /> pledge, tion,assignment or otherwise.Nedher thu aeceptance of th�s Dued of Trust nor rts enforcement whether by eouR action or �
<br /> � ,• . % pursuant to the power ot sate or other poviera herein contnmed.shall pro�udice or in any manner aHect Trustaoa or Bonefic�nry's �
<br /> � r , � ngM to real¢o upon ar en}orce any other seeurRy now or hereafter hald by Trustee or 8eneficfary.A being agreed that Trustee and !
<br /> • � Bonof�c�ary,and each of them, shall be ontAled tv entorce this Deed of Trust and any other securRy now or herenftor hold by
<br /> , .. � 5onoticiary or Trustee in such order and manner ns they or eRhot of lhom may ir.their ebsolute discrat�on doterm�no.No remedy •
<br /> i� ``- heram eonterred upon ot reserved to Trustee or Bonefieiary is intended to be exclusrve o1 ony othor remedy herom or by lavi
<br /> •j � prowdod oi permRted,but each shall he eumulatnre and shall be m ndddion fo overy other remedy g�ven hereundor or now or �
<br /> ! � ' herenfter axisbng ut law or m equRy or by statute. Every povret or remedy providod hereundot this Oeed ot Tmst to Truste0 or I' '
<br /> � :'_.: Bonef�eiary or to whieh erthe�01 them may be othorwise enMted.may be exere�sed,concurrently or mdaponduntly.lrom t�me to t�mo i
<br /> and ns often as mny be deemed expodient by Trustee or 8enef�cinry nnd either o1 them mny pursuo meonsistent romad�os-Nothing
<br /> • • harem shall be construed as proh�bd�ng 8eneficiary hom seekmg a detie�oncy�udgment agamst the Trustor to tho extent such acbon � .
<br /> - -- ,y ynun,tiEri ty;av:. • -.- ' '- '- "--.
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