|
. ..�� . . - r� .�._��. . . ...,
<br /> . �'Ji1�� :•_tt,- . -'..
<br /> , - .a�� . ,� ' .. . r,..v u.:....�.:`-
<br /> ' ., .. .:..s.:. .. • .
<br /> . �wv.,�. � . . - . . . . . / - .... •.' +_"..,
<br /> .
<br /> � .� }
<br /> n "T i. � •• _�� . (' . fi� _ ...
<br /> �, � �Y �f1rA'�:'ri . _,_�....Ya..�r,.ww.wr.,..�✓`y.w�an. _ .__._. _.!l.t._""'___,_'—'_ . ...-_ .�-�.�.,r. "
<br /> • _ , .. dL.3Sr.�ft .tl���
<br /> ,• � �i . - —` —_.
<br /> . .. .
<br /> " � .J sr....�. . ... ....._ �. ...... .. .. . ..-�-. .... � ..
<br /> ' ._--.,. ..�� . ..
<br />° .�S"•• 'M� `._.
<br /> � ,• � .� •7 AY///yppp �'F...
<br /> - '�� �?� ����'�ti" �a__
<br /> .i
<br /> � rcnas,fssucs nnd proflts thetcof,Including those pust due nnQ unpnid,and npply the same,Icss costs •,
<br /> ' nnd expenses�f operntion c+nd coUectlon,Including nttorney's fees,upon nny indebtedness sccurcd
<br /> � hcrcby,ull in such ordcr ns tiencflcfary may detcrmine.Th�cntering upon nnd tak+ng poss�sslun of
<br /> thc'fnist l:stntc,thc collccdon uf such rents,issucs nnd praflts nnd thc application thcrcof ns
<br /> nfnresidd,shull not cure or wiiive any defnult or nodce of default hereunder ar Invnlidnte nny ii�:t done
<br /> • _,11i.;.,;�, in respansc tu such dofAUlt ar pursuant to such noticc of dcfnult nnd.notwnhstandinR thc contiriunncc :A.,-m
<br /> in possessfon of the Trust Estute or the collection, receipt i�nd sppl(catfon of rents,issues nr proflis, -,
<br /> .�� Trustee or F3eneficiary shall be entitled to exercise every risht provided for in sny of the Loan :��
<br />: ',f�"� Instruments or by law upon occurrence af any event of default, including the right to oxercise the ;;;-
<br /> power of sale; =tt_
<br /> � (b) Commence an action to foreclose this Deed of Trust as u mortgage,appoint a receiver, or �^
<br /> �;' specifically enforce any of the covenants hereof; _
<br /> , � --
<br /> '� (c) Deliver to Trustee a written declaration of default and demand for ssle,and a written �,
<br /> .� , ' ' . �' notice of default and election to cause Trustor's interest in the Trusi Estute to be sold,which notice _
<br /> Trustee shall cause to be duly 81ed for record in the appropriate Official Records of the Counry in
<br /> � � � � which the Trust Estase is located. `a.
<br /> .. ,;;;' <. _
<br /> y'.j�..
<br /> i l. FORECI,OSURE BY POWER OF SALE.Should Beneficiary elect to foreclose hy -
<br /> ' --^'1;�� �a'' ` exercise of the Power of Sale herein containe�l,Beneficiary shall notif�r Trustee and shall deposit with E•`
<br /> , ,ti:�.•;.� --
<br /> - • Trustee this Deed of Trust and the Note und such receipts and ev�dence of expenditures made and
<br /> �':.;,;:; secured hereuy as 7'rustee may require. �``
<br />, ` `, (a) Upon receipt of such notice from Beneficiary,Trustee shall catue to be recorded.
<br />�=?'r� ' � published and delivered to Trustor such Notice of Default and Notica of Salo as then required by law
<br /> '��l.` � and by this Deed of Trust. Trustee shall,without demand on Trustor,after such ttma as may then be
<br /> 'I.y:�..�. -:.
<br /> .• `+ � .�_ reauired 6v law and after recordation of such Notice of Default and after Notice of Sale having been
<br />'�:s::_:+�r,�y,•�:sr��;. • .
<br />-f:`'S_':, 1. ����,,., given as required by law,sell the Tru�t Estate at the time tu�d place of sale fixed by it in such[vo►ice of
<br /> �;:�:,��.
<br /> ���•''�"','����i �`�' Sale,either as a whole,or in separate lots or percels or itoms es TrusteP shall deem expedient,and in
<br /> :hti,:. ; f.�, �,...
<br /> ,`��^t'�:�`,y���' .1 such order as it may determine,at public auction to the highest bidder for cash,in lawful money of the
<br />_;�,�7.,��;j ; United States,payable at the time of sale. Trustee shall deliver to such purchtuer or purchasers
<br />--- �»�-�w-�— � thereof,its good and suff�cient deed or deeds,conveying the property so sold,but without any
<br /> �_{��� covenant or warranty,express or Implied. The recitals in such deed of any matters or fACts shall be
<br /> ���.�� conclusive proof of the truthfulness thereof. Any person,including,without limitation,Trustor,
<br /> -"°=�'��� Trustee,und Beneficiary,may pwchase at such sale,and Trustor hereby covenants to wacrnnt and
<br /> `�'������ defend the title of such urchaser or urchasers.
<br /> _�-�:,��� P p
<br /> ""a, (b) As may be permitted by law,after deducting all costs,fees,expenses of Trusr:ee and of
<br /> --- --_= this Trust,including costs of evtdence of title in connection with sale,Trustee shall apply the proceeds
<br /> --- ----- of sale to payment of(i)all sums expended under the terms hexeof,not then repaid,with accrued
<br /> -- interest at eight percent(8%)per annum,(ii) all other sums then secured hereby.and(iii) the
<br /> ������ remainder,if any,to the person or persons legally entitled therato.
<br /> _ "-"- -� (cl Tn�stee may,in the manner provtded by law,postpan�sule of all or uny portion of the
<br /> �__��
<br /> ----- — Trust Estate.
<br /> =—�n;� l2. REMEDIES NOT EXCLUSIYE,Trustee and Beneficiary,and each of them,shall be e_
<br /> �,=�`�. entitled to enforce payment and performance of any indebtedness or obligations secured hereby and ta v
<br /> - •-�~�y= exercise all rights and powers under this Deed of Trust or under wiy Lonn Instrument or othar _
<br /> --`-'�� agreement or any laws now or hereafter in farce, notwithstand[ng some or aU of the such indebtedness �.-.
<br /> -::;,���;.,. and obligations s¢cured hereby may now or hereafter be otherwise securad,whether by mortgage, �r,y
<br />--�•;������{ deed of trust,pledge,lien,assignment or otherwise. Neither the acceptanc�of this Deed of Trust nor ;;�_
<br /> -s;wr ,
<br /> - x'a.T. .. ,f,,,. H'.
<br /> .,:,�::�'k..��;;4� its enforcement whether by court action or pursuant to the power of salv or other powers herein
<br /> ";,;;:�-;;;�,;;� contained,shall prejudice or in any manner affec4 T�vstee's or Benoficiary's ri�ht to realize upon oa� �-
<br /> e�=
<br /> -� �� � enforce any other securiry now or hereafler held by Trustee or Beneficisry,it bving agreed that �A;:,`
<br /> ' ' �:J: Trustee and Bencficiary,and eac{�of them,shall be entitled to enforce this D�ed of Trust and any �;
<br /> ,, other security now or he°eafter held by Ben�fici�sy or Trustee,in such ordor and mt►nner as they or �`".`
<br /> "' �' either of them may in their absolute discretion deYermine. No remedy heroin confetred upon or �`�
<br /> - � :�'��' r e s c r v e d t o T r u s t e e or Benefici a ry is intended to be exclusive ef any other remedy herein or by law -
<br /> ����'� - _.:�_.�..�..�«..:N� �.u*nn�•h�tiou t,��„�,.,Inrive and shail he in addItion to everv other rentedY
<br /> __—_— ' piCiv�ucv.,, p..........,.....»._.�..__�._- -.---.....
<br /> , � given hereunder or now or hereafter existmg at law or in equity or by Statuta. Every power or remedy
<br /> " given by any of the Loan Instruments to Trustee or B�neficiary or to which either of them may be
<br /> otherwise entitled,may be exercised,concurrently or independently,from timo ta time,and as often as
<br /> � may be deemed expedient by Trustee or Beneficiary;and either of them may pursue inconsistent
<br /> remedies. Nothing herein shall be construed as prohibiting Beneticiary from seeking a deficic.ncy
<br /> judgment n6ainst the Trustor to the extent such action is permitted by lavr.
<br /> - �
<br /> . ' 3
<br /> -.- --_� --- _ � „
<br />
|