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<br /> � including those past du� and unpaid, and apply the same, less coste �
<br /> �' + a�nd expentes af operation dnd aollection, inaluding attorney's f.
<br /> � � Feee, upon any indebtednesB seauxed hereby, all in suah order �sa �
<br /> 'r:�� Beneliciary inaY determine. The entering upon and taking possession �
<br /> � o! the Truat E�tate, the ao�.�.eation of auch renta, iasuea and � "
<br /> �`�`�'"� prolits and the application thereo! as aloresaid, shall not aure or �-
<br /> waive a�ny def�ult or notioe of default hereunder or invulidate any _
<br /> ��,M�� act done in response to such defaul� or purauant to auah notice o!
<br /> ° � default and, notwithstanding the continuanae in possession of the
<br /> t{ Trust Estate or the collection, receipt and applica�tion o! rents,
<br /> i issuea or profits, Trustee or Beneliciary shal� be entitled to
<br /> exercise every riqht providad for in any of the Loan Instruments or
<br /> by law upon occurrence of any event of default, iracluding the right
<br />-. to exercise the power of sale;
<br />_�>�.;, (b) Commenae an action to foreclese thie Deed of Trust as a
<br />_ '� : �, mortgage, appoint a receiver, or specifiaally enforce any of the
<br /> covenants hereof;
<br /> .� (c) Deliver to Tr.ustee a written de�claration of dePault and
<br /> - demand for sale, and a written notice of default and election to
<br />_ • cause Trustor's interest in the Trust Estate to be sold, which
<br /> - notice Trustee shall cause to be duly filed for recard in the
<br />- appropriate Offiaial Records of the County in which �he Trust
<br />� . ^.�j Estate is located.
<br />= �'. ''��,� B, FORECIASURE BY PQWER OF SALE. Should Beneficiary elect to
<br /> .r� ���. � foreclose by exercise of the Power of Sale herein contained,
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<br /> - •- � ' Aeno+fi c-_is►ry shall notify Trustee and shall deposit with Trustee
<br />"`�'�"`���'�`° thie Deed of Trust and the Note and such receipts and evidence of
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<br />_ •�',� 4+° expenditures made and secured hereby as Trustee may require.
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<br /> _-r:::-.w:���. � (a) UFon receipt of suah notice from Beneficiary, Trustee
<br />'-'"=��.�:� shall cause to be recorded, published and delivered to Trustor such
<br />—=�'�„=�,� Notice of Default and Notice of Sale as then required by law and by
<br /> �,:,�� this Deed of Trust. Trustee ahall, without demand on Trustar,
<br />—_.,;;t;<�,;� after such time as may then be requfred by law and after
<br /> -� T � recordatier� of such Notice of Default and after Notice of S�sle
<br /> °�� having been given as required by law, sell the Trust Estate at the
<br /> ---_ -- time and place of sale fixed by it in such Notice of Sale, either
<br />�;�„�� as a whole, or in separate lots or parcels or items as Trustee
<br /> _- ,,...� shall deem expedient, and in suah order as it may determine, at
<br /> _,�,_,..�� public auction to the highest bidder for cash, i.n lawful money of
<br /> �_�_�,� the United States, payable at the timo of sale. Trustee shall
<br /> ---- - deliver to such purchaser or purchasers thereof, its good and
<br /> - suPficient deed or deed�, conveying the property so sold, but
<br /> -��,��; ,� �, without any covenant or warranty, express or implied. The rscitals
<br /> --= in such deed of any matters or facts shall be conclusive proof of
<br /> the truthfulness thereof. Any person, including, without
<br />-_�-�"'"�'� 11.mitat�.on, Trus�or, Trustee, and Beneficiary, maypurchase at such
<br /> __,��_s.� sale, and Trustor hereby covonants �o warrant and defend the title
<br /> -�°�.� of such purchaser or purchasers.
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<br />_- _ ���"r� (b) As may be permitted by law, after deducting all costs,
<br /> _=�-::<.,-,-,n;��, fees, expenses of Trustee and of this Trust, including costs of -
<br />�;';�:�,,:,,°, : • , evidence of title in connection with sale, Trustee shall apply the _
<br />_=: ����;::'�, proceeds of sale to payment of (i) all sums expended under t:t�e �
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