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<br /> y :�art,�s,�H 'Oit�.,4i?'R�I�t _����'�� ,•�j ,x,��� c� _
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<br /> � , �E•RECORDED.�8��(�5�.43
<br /> + � �nsurod agAinat damagc by�ro ar��h'���as
<br /> . 4' To kxp thc improvomcnts�ww on c�rcaRcr locatod on�Iw:property'
<br /> 11M Hcncficlnry may rcquirc,in amounis nnd companics acaptablc to thc Bcneficinry. Such insurancc pollcy eh�ll contAin r standnb
<br /> mortgngc claurc lit favor of BencCiciary, Tnistor shal!proinptiv rcpair, mnlnWin nnd repincc thc property or t�ny part thccrof, so
<br /> tl►at,cxccpt Cor ordinary H�a�r and tcar,thc propeny shnll not deterioratc.
<br /> S. In the cvGnt thc proporty, ar uny pari Ihcrocif, shall bc takcn by cml�xnt do�nuln, thc Bc�xTicinry iR cntitlod to collcct and
<br /> rcceivc ull compcnsApon H•hich nw�y bc paid for any property takcn or for dam.�ges ta propcny not takcn,and thn Beneficiary shuil
<br /> apply such compensallon,at its aptlon,eitlxr to a roductlon of the indebtrdness socurcd hercby,or to rcpair antl restoro thc property
<br /> so t�kc��.
<br /> b. Thc Bencficiary may. but sl�all lu�vc no obligat'son to, do any �ct which Trustors t�a��c agrccd but failcd to do, and thc
<br /> 8encficiary mny also do nny act ii dccros nccessary to prolect the lien turcof. Tcuston Agrcc lo rcpay,upon demand, eny sums so
<br /> expendcd by tl�c BcneCiciAry Cor thc abo��c purposcs.and any sum so erpcnded sl�all bc addcd to thc indcbtcdnc�.a securod hcreby nnd
<br /> bccomc socurcd by thc licn hcrcof. 7'hc BcncficiAry shall no inc��r an>� linbiliry bccausc of m►ything it �nay do or omit to do
<br /> hareundcr.
<br /> ?. Tl�e Benefici�ry shnll lu�ve ttie riglu,power and authority during the continuance af tJiin lh�o�i of Trust to collect the rcnts,
<br /> issucs�nd profits of thc property and of;ury persaiwl prop�ny locatcd tl►croou��•lth or a•ithaul•taking posscssion of thc propeKy
<br /> allected licreby.�nd Trust�r�hereby nbsolutely und uncoi�ditionally nssign all such rcnts, issues and profits to/he beneTicinry. The
<br /> tx:neficiarv. however.hcrebY cons�nts to Tnrstors'collcction and rctaUion of suah a:nts, issues and proCUs, sa lnng as Trustar�arc
<br /> not. at such lime, in default�vith respext to payment of any indebtadness secural hereby or in tha p�dormauco vt a�ry agrnemonl
<br /> hereucder. lf any e��ent of default descabed hereaRer in rcspect tu this Deod of Trust stiall h�vo pccurtod and be eontinuiva, tlk
<br /> Beneficiary,as n matter af rig1U and without notice to Tntstocs or am•ot►e claimiRg utider TtustarF,nnd without regard to the v�lue of
<br /> the trust estatc or the interest of the T�ustors tl►erein.sha6l ha�e�:fae right to apply to any oourt l��ving jurisdiction to appoint a
<br /> receiver of the prc►peny.
<br /> e. Thc Beneficiary, or its agents, are authoriyad to eaner at any reasonable time upon ur in any part of the prope�ty for the
<br /> purpose of irupecting the same and f�r the puipose of pedoraning any of the acts thcy are autharizod to pedorn►under the tsnr�,of
<br /> any loan instrunMnts executed by Tnutois.
<br /> 9. U all or any part of thc property or any interGSt�of Tn�stors is sold, transicnrcd or further encumbercd without tt�c written
<br /> consent of the B�neficia�}�,thi&neficiary may declane aY1 sums secured by this Tcust fked to be immediately due and payable tuid
<br /> proceod to the remedies a��nilflble to it under the defaule pravisions contained herein.
<br /> 10. Any of the followxng evcnts shall be damod an event of default hereundcr:
<br /> �. Trustoxs shaU have failod to make payn�cnt of am installm�.t of principal or intcrest or any other sums saurc+i hereby wtxn
<br /> due;
<br /> b. There has �ccumed a breach of or default wnder any term, covenant, agreement, condilion, provision, reprasentadon or
<br /> w�arranty oontainod in this De�d of Tnut,the u�ta�or�y otlte�loan inatrumen�secwed i�ereby;
<br /> c. The�c lw�►s ban a default by th�e Ttustt�rs in the payinent of any prlor or subsoquent tien a encumbrance in nspoct to all ax�ay
<br /> part a'f thc Properh'; ,'.
<br /> d. Ttustars shall file a votuntary pepnon in banlcru(xcy or snaii oe adjuuicaiai auu�su�i vr iiuwival�i, iri oi�nu ivaw�. ai�
<br /> assigiunent for the benefit of creditors in respect to the property;or an s►ctior�to cnforce atry lien or encumbzAnhoe or judg�r�ents .
<br /> against the property is commcnad.
<br /> 1L In thc cvent of any default,the&neficiary may declare all indcbtedncss sccured hcreby to'be duc and payable and liic samc
<br /> shall thercupoa bocomc due and payablu without any pr�senunent,demand,protest or nMla of any kind. Thereafter,the Beneficiary
<br /> may:
<br /> a. either in person or by agent, with or without bringing any action or prooetding, or by teaiver appointed by a court and
<br /> without regard to the adaquacy of any socurity,enter upon and take possassion of the propeety,or any part theroof,ln its own
<br /> name or in the � of the Tnistteo, and do any acts which it deems nec�ary and desirable to presern the value,
<br /> marketabilily or rentability of Ihe�operty,or part thcreof, or intcrest thercin,incteasc the iacorn�tbaefmm or protcct thu
<br /> socurity t►eroof u�d,without taking.gnssession of tha Propecty,sua for or ott�envise collax tho rcnta,issues u�d�x�ot'its 1Lertd;
<br /> i�x:luding those past due and unpaid, und apph� the same, I�ss cosis and�spenses of operation a�.collation, ipciuding ..,
<br /> attorney foes,uQan any indebtrd�KSS securcd he�c�by,all in such order as the'8eneficiary may deterntiae, The entering upon
<br /> and taking possession of the trust estate,the oolloction of wch nnts,issues and profits and applicadon theroaf as afo�id
<br /> sball not cure or waive any default or notia of default hcreundcr or invalidatc any act and in response to svch deiault ot
<br /> piusuant to such iwtia of defaWt and notwithsianding the conti.nuana in possession of the property or tLe oollatip�,�ceipt
<br /> and application of rents,iss�xs or profits,Tnutee or the Heneficiary may t+e eatiUa!to�xercise every right providod ibr in any
<br /> of the loan instnunents or by law upon oocurrence of any a�ent af d�fault,anel�iding the right to exercise the powcr of sa1e;
<br /> b: commena an action to forociose this Dood of Tnut as a rncutgnge, ap�poin4 a rexi�•er,or specifically enforce a�ry of the
<br /> oavenants heroof;
<br /> c. deliver to Tnutoc a writtcn da;laration of default and demand for sale, and written naa'ssc of dcfault and eloction to causc
<br /> Tnutors'interest in thc pmperty to be sold,wtuch notice Trustec shall cause to be duly filod for rctrord in tho ogicial r000rds
<br /> of thc oounty in wluch tlic propem is locatcd.
<br /> 12. 5hould thQ Beneficiary elect to foKEClose by exercise of tl►e po��•er of sale herein contained,the Beneficiaiy sh�ll iwtify Trustee
<br /> and sh�1F cle{�osit with Tnutec this Dood of Tnui and tBc notc azd such rxcipts and cvidencc of expcnditu�s madc and s�ecuced
<br /> hereby as T�tee maY t'o4uim,and e�oai zequcst of the Henefici�r�.the Tnutee sMall cause to be r000rded,Pd►lishod and ddiv�c�ed
<br /> to Tn�stor such Ndicc of Default and Notice of Salc as then requic+ed by law uid by this Deod of Trust.T�ustiee shall witl�out demaM
<br /> on Tnutor,after svch tiune as may thcn bc rcquircd by law and atter revard�tiora ai s�ch Notice of Defautt aM after Notice of Sile
<br /> having ban given as rcquind by law,seU thc propccty at the ticao and pL�a of salc fixed by it in such Noticc of Sal�,cithcr as a
<br /> w�hole, or in scparate lots or parcels or iten�s as Trustoe sl�all dcem expodient, and in such order as it may detemtine, at public
<br /> m�ction to thc 6ial�cst biddct for qsh and shall dCli��cr to wch purchaser or purchasers thc�of o dood to thc property sold,oot�sistent
<br /> �r�ith tt�e law then in cffi�ct. Rccitals in the Tnutx's dcod shall be prima facic cvidcncc oF thc truth of thc statcttxnts made tl�ercin.
<br /> Tn�stcc sh111 apply thc proccods of thc salc in thc following order: (�)to all rcasonable costs and cxpenses of the sala,inch�ding but
<br />- �wt limited to Trustec's focs of not morc than 2•/.of the gross sale price.rcusonable attomcy Cax a�xi cosis of title evidena;(b)to all
<br />. sums s�xu►rd by this Dced of Trust; and (c) the e!ccess, if any, ro t6u petson or persons legall�� entitled themo. Arty person,
<br />� includi��g the Beneficiary,may purchase said prope�ty at said sale Trustee n�ay in the manner providod by law,postpons sak of all
<br />_ or any portion of thc property.
<br /> 13. Trustce and thc Beneficiaq�.and each of thcm,shall be entitled to entbrce payment and pedormana:of any indebtodness or
<br /> obligauun scauod hcrcby��nd to excrcisc all rights and pow�crs unckr this Dcod�f Trust or undcr a�ry loan �nstrun�ont or odxr
<br /> .�grecmem or any la�c� �wr on c�n;attcr cnCorcal nwH�ithstanding sonx or all of thc indcbtodness and obligations seaued Ix:rcby
<br /> a•ltich ma�• iaw• or t►crcaftcr bc othcra•isc sccurcd. ���hcthcr by mortgagc, doc,�i of trust, plodgc, licn, assignmcnt or othcn��isc.
<br /> Ncithcr�hc acc,.^p�ancc of this Dood of Trust nor its cnforccmcnt, whcthcr by�court action or pu�suant to thc poH•cr of salc or othcr
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