|
: :�...�u` �o i y ,r H. i lei F, d�. J �- / � Ve+f r,,,r. �.�i- (,• :r7 ..._..�......._.._..��_� 1 ....,.. r
<br />cu. •.i.a5'3 :,AY- :u''-_`.'+. :..rs ii.�.a :.YS:�.,'L.s r.:d'xic�..f.KUfrf �llsSfuNY.s7tniv..
<br />92. 1�R�fy
<br />7. Sr,0 CESSORS ASSIGMS. This Deed of Trust applies to, ic: :res to
<br />the benoftf of'"an n e a p3rfias hereto, their heirs, legatees, eievisees,
<br />personal rooresentativea, successors and assigns. The tern SonaEiciary"
<br />shall mean The owner and holder of the Note, whether or not named as
<br />Beneficiary herein.
<br />8. IWSPECTI Ns. Beneficiar , or its agents, representatives or
<br />the Piust Estate forzthetpurpaone of inspactingathe same a d "for theapurpose of
<br />performing any of the acts it is authorized to perform under the terms of any
<br />of the 1Aan Instruments.
<br />g, c.v;;NTS OF DEFAULT. Any of the following events shall be deemed an
<br />event of de:� au oreun er;
<br />(a) Trustor shall have failed to make payment of any installment of
<br />interest, principal, or principal and interest or any other sum secured hereby
<br />when duo; or,
<br />(b) There has occurred a breach or default under arty term covenant,
<br />agreemen , condition, provision, representation, or warranty coniained in any
<br />of the Loan Instruments.
<br />(a) i.ither in person or by agent, with or without bringing any action
<br />or proceeding or by a receiver appointed by a Court and without regard to the
<br />adequacy of fie securitX enter upon and take possession of the Trust Estate,
<br />or anv part. thereof, in its own name, or in the_name of Trustee, and do any
<br />or
<br />or
<br />unpPaid ana appay tnu ave:v, .vvv ����� �••� ��r -.. - -- ____.. ___
<br />collee ion Including attorney's fees upon any indebtedness secured hereby
<br />all in sacfi order an Beneficiary may aetormine. The entering upon and taking
<br />possession of the Trust Estate, the collection of such rents, issues and
<br />Profits and the application thereof as aforesaid shall not cure or waive any
<br />%ofault or notice of default hereunder or invalidate any act done in response
<br />to such default or pursuant to such notice o£ default anal, notwithstanding the
<br />continuance in possession of the Trust Estate or the collection, receippt and
<br />appplication of rents, issues or profits, Trustee or Beneficiary shall bo
<br />ontitled to exercise every right provided for in any of the Loan Instruments
<br />or by _lax upon occurrence of any event of defai..t, including the right to
<br />exercise the power of sale;
<br />(b) COTmence an action to foreclose this Deed of Trust as a mortgage,
<br />:,PFoint a receiver, or specifically enforce any of the covenants hereof;
<br />'c) Deliver to Trustee a written declaration of default arc'. remand for
<br />sale, arc a written notice of default and electron to cause Trustcr's interryest
<br />fn eAefnrusnenrdain the6aonro_niiatecOfficial Rec rds ofdthecCounty� inewhich
<br />the 'rrus[ Estate is located.
<br />11. FORECLOSURE DY POWER OF SALE. Should Beneficiary elect to
<br />foreclose byy exert se o e owes o ale herein contained, Denefic iery shall
<br />notify iruatee and shall deposit with Trustee this Deed of Trust and the Note
<br />and sec:, receipts and evidence of expenditures made and secured hereby as
<br />Trustee ray require.
<br />(a) Upon receipt of such notice from Beneficiary, Trustee shall cause
<br />to be recorded, published and delivered to Trustor such Notice of Default and
<br />
|