80A - TRANSIT CODE AND STATION DISTRICT - EXHIBIT J

Home Browse Search

exercising any such pa~~ters, pay i~ecessar'y expenses, elrrploy counsel and pad his reasonable fees ~5} To Pad iil~lnediateiy and ~~itllo~it dellland all sui~ls sa expended b~ ~erreficiat'y ar Trustee, ~~~th lriterest fi'on7 date of e~penditur'e at tale ail~laur~t allowed la~~v irr effect at tl~e date hereof, gild to pa~T for any statement pi~o~icled for by la~~ in effect at the date hereof regarding file ohligatian secu~'ed hereby any amount derrlailded by the beneficiary nat to exceed t~~e ma~lmuln allo~~ed b~ la~~ at the tlme Allen said statelnellt drrra.nded~ It 1 illutlrall~~ agl'eed~ ~1~ That arl~ a~~ard of danlaes 11~ connecti~ll ~tll al~y eandern~latian far p~iblic use of or injury to said pr~opert~ o~~ and pay;t ther~eaf i i~e~~el~~ asigl~ed at~d ball ~e paid to Be~l~ciary ~l~o lr~ay apply ar' release such monies i'ecei~ed by hin~ in the sarrre i'naniler and ~~~ith tl~e sarrre effect as abase p~'o~ided far disposition afproceeds affire ari atller ir~srrr'arlce. Tlrat ~ accepting pay~l~eilt of and suil~ secured hereby offer its due date, ~el~eficiar~ does riot ~~ai~~e his right either to re~liire prort~pt paylrrent when d~~e ofall atl~er' strlrls sa secured of decla~'e default for failure so to pad. That at airy tlrrre o~• fi'ol~l time to time, ~vitl~ot~t iiability ther'efor' wild ~~itharrt notice, upon ~~~rittelr request of ~er~e~ciary arrd presentatiail of this Deed and said note for endorsen~etit, ~rld ~~ithaut affecting the personal liability of any person for pay~r~ent of tl~e irrdebtediless sec~~red iel~eb~, Trustee ~»a~f recolr~ey any part of said prapert~; consent to the irlaking of any lrrap ar plat thereof; join in granting any easement tl~e~+eotl; ar' jaln in and extenslan agreement or al~y areeirrent s~~bol'diilating the lien or cllar'e llereof~ That upon ~uritterr r'et~~~est of Belief i~iai~y stating that all sums sec~ired hereby lla~e been paid, and upon surrender of this Deed aid said note to Trustee for' cancellation alld retention ar' atlrer d~spasltlar~ as T~'~rstee rn its sole d~scretlon may cll00se alld upox~ payn~ent of ifs fees, Tr~~istee shall reconve~, ~itl~o«t ~~ai'i~ailty, tl~e p~'ape~'t~ then held here~lr~der', Tl~e ~'ecitais in s~~ch ~'ecotr~e~ance o~~ oily batters or facts shall be cai~clr~si~e proof of the tr'utlrfulness thereof, The ~1'al~tee in such re~or~Veyailce may be described as "tl~e person or' persons legally entitled. tllel~eto." That as additional security, Trustor hereby gives to aid cal~fers upon Benef ciar'y the right, po~~rer' al~d ar~thor'ity, during file cantinual~ce of these Tr~~sts, to c~lleet tl~e rents, lssl[es and p1'of its of said property, resel4~ing ~~rlta T~'rrstor' the r'igl~t, prior to any default by Trustor in payment of any ti~debtedness secured hereby ~i` iii perfarlnarrce of arly areei~leilt leer;e~~nde~i, to collect aid retain s~zch ~•et~ts, ls~~es a~~d profits as they became due and pa~able~ ~por~ any such default, ~elleficiary nay at any time ~'~lthout ~latlce, erther ail person, by agent, ar by a receiver to be appoir7ted by a court, arrd 4~ithout regard. to tl~e adequacy of and sec~~r'ity for the indebtedness llerieb~ secured, enter upon and take possession of said propei~y ar any par+t thereof, in his o~~rr r~arrie srre for' or ot~~ei~~ise collect such Vents, iss~~es, and profits, including those past dire and ~inpaid, aid appl~r the carne, less casts aid expenses of apel'atiail aild collection, rncl~zding reasonable attorney's attor~l~ys' fees, upon ails ir~debtediless ecul'ed ~~~IBIT ~-2 ATTAI~N~ENT I I Ta Deed of Tr~ist ltll Assigr~lne~lt of Rents ion-Recardabe Attachment ' D~CSDCII ~OD1~7~s?1~I~Q~~7~-OOOI l