|
, . . p ,
<br /> —� ,uce.�1... . �. - -� -
<br /> . ,wra:1,o
<br /> ' � o�:l���i'1�l+tL.L7�ae�a�tRM�k _ _ .,
<br /> � i �:.... � .:�
<br /> . N!�r+9t►'C �''�^`-- _ ti�L._..
<br /> . _���� ____._�____.__�___•..._��.._.-�-- �.c..._.�.�.�]••�--.._.._.,_�._...... _ -
<br /> � '--"_"'_--
<br /> I —
<br />-!�.;i1�4PSi.'�. �'i�l1.�RIfAIRS�PYi.3(9R@?I.`�-- - - _'_i?*,4�D![Q+H'F!C'f''-_"'�-�"-
<br /> ��. .��.�„a.,�..,....mea.�..�..��.�..�..�__._�.�..a..u�.��.+m� .�°�,---"=•.
<br /> _�_ �..wv.:.....s.,��wrrx+�cR�R_ ___.. .. , _ .._ ..t�'-'�'°.�lu.!��a��r�.:'a.-..�._.
<br /> -- --��4`.:1/}��:��iCe��N� .��x..�iYt..r4etir, •� T�T nJ...iLLL..e,.�_,.f._ .ti.�.-1'j!Pd_YbYI�l���.� -- ^__
<br /> �.�tis_.l�vYa�Jl.�Mi�---_- _ ---"-=f��:Y�"
<br /> (d) a writ af e tion or attachment of any almflar proceta .1 be entered aQainat Truetor which siudl
<br /> '� � become a Iien on the Truet bo�ate or eny portlon thereot or interest thereln end auch execution, attachment or similar
<br /> ' • proce�s of judpmsnt I��ot�elessed, bended,��tiafled,vacated or atayed wlthin aixty(801 d�ys aftar itt entry or levy;or
<br /> ie) thero ha� occurred a 6reach of or detault under eny term, covanant, ayreement, condition, provislon,� �
<br /> representation or warranry contafned in any prtor dned ot trust or mo�t�aQe aifectfnp 4he Truat Estate. y
<br /> 10. Accahndon upon C�liulh AddlNons/R�rtr�dl�s. If an event of default occurs, Baneficiary may declare the! —
<br /> Indebtednesa secured hereby to be due end psyahle and the seme shall thereupan bRCOme due and payable without any0
<br /> presentment, dema�d, pratest or notice of any kind. Thereafter, Beneficiary may: �
<br /> `
<br /> (I) either in person or by�pent,wtth ar withaut brin�inp any action or proceedtnp, or by s►eceiver appointed�
<br /> . by a court and without rayard to the adequacy ot its dncurity, enter upon and take poasession af the Truat Eatate,or�ny d
<br /> paR theraof,tn ite own name or in the name af Trustee,end do any acts which it deems necesaary nr desirabie to preaerve
<br /> the valuo,marketabiiity or rentability of the Trust Estate,or part thereof or tnterest thereln,increaae the income therefrom
<br /> or protact the secu�ity hereof and.with or withuut takfnp possession of the Trust Estate,sue for or othennriae coilect ths
<br /> rents, issuee and profit�thereof, tncludtny those past due and unpaid, and spply the same,leas costs end axpenses ot
<br /> operotion and collectfon Includinp attorneya'fees.upon any indebtednesa secured hereby,sll tn such arder as Benefialary
<br /> may determint. The enterinp upon and takinp possession of the Trust Estate, the coiteCtlon of such rents, issues and i-
<br /> proffts and �he appl(cation thereo}as afores�id zhall not cure ar waive any det�ult or notice of default hereunder or
<br /> tnvalidate any act done in response to such detault or pursuant to such notice of default and, notwithstandin� the
<br /> continuance in posaession ot the Trust Estate or the coliection,receipt a�d application af rents.fssues or profits,Trustee
<br /> or Beneilciary shall bean en�tled to exercise every ripht provided tor 1n any of the Loan instruments or hy law upon
<br /> �
<br /> occurrence of any event of dafault,including the ri�ht to exarcise the power of sale;
<br /> ' (iq commence an action to foreclose this Oeed of Trust as a mortpage, appoint a receiver or spec(ficully
<br /> enforce any of the covenants hereot;
<br /> pfi) delfver to Trustee a written declaretion of default and demand for sale and a wr(tten noHce of default and
<br /> , eiectlon to cause Trustor's interest in the Trust Estate ta be sotd,which notice Trustee shell cause ta be duly filed for
<br /> = record in the appropriate oftices of tne County in wnicn tne i rust Estate is iocaced; or
<br /> ftv) exerctae such other riphta or remedt�s at law or In equity.
<br /> 11. fonelosur�by'owNOl SNi. If Beneficiary �lecta to foreclo:�by�xarctse of ths Pow�r of SNe INreln corttain�d,
<br /> Benefici�ry at�all nottfy Trustae and sh�il depos(t with Trusta�thli Second Oeed of Yrust ind Nny nnt�evidenalnp th�Ind�btedn�s�
<br /> �nd wch nc�tpta and �vid�ence af sxpenditurea m�de�nd secured hereby u Truit��may nquln.
<br /> � •
<br /> � (a) Upon recelpt of:uch notice from Ben�}tci�ry,Tru�t�e shal!caute to bo r�corded,publist»d�nd delivKed
<br /> t to 7rustar auch Notice a}Dei�utt�nd Notice of Sals a�then raquired by I�w�nd by thit S�cond Osed of Trust. Trustas
<br /> •f , shsll,without domand on T�wtor,�iter auch time�s m�y then bs requfred by I�w�nd�iter record�tion of auch Not(a of
<br /> • Oefault and�fter Notice of Sale h�viny been plven aa requtred by iaw,aall tha Tru:t Eitan�t the Ume�nd place of aat�
<br /> � fixed by it in such Natice of S�le. either as e whole,or In sep�rste lats or parcela or item=a�Trustee shall deam expadterrc,
<br /> � md tn such order a�it may determ(ne,at public auctlon to the hiphest b(dder tor cash in lewtul money of the United St�tes
<br /> payAble at the Ume of sale. Trustee shall deliver to such purchaser or purchasers thereof its pood and aufficlent deed or
<br /> � deeds conveying the property so sold,but without any covenant or warranty,express or implied. The recitals In such deed
<br /> of any matters or facts thall be conclusive proot of the truthfulness thereof. Any peraon, includinp withaut Iimttadon
<br /> Trustor,Trustee or Bennffciary. may purchase•at auch sale.
<br /> Sb) As may be permitted by law,after dedueNnq all costs, tees and expenses of Truitee and of this Trust,
<br /> � includinp costs of evidence af title In connect(on with aale,Trunee shall epply the proceeds of aaie to p�yment of (i)tha
<br /> Indebtedness (li)all other aum�then aecured hereby, and Iiili the remeinder,If any,to the person or persons lepalty entitled
<br /> thereto.
<br /> (cl Trustee may in the manner provided by taw postpone sale of all or any ponton af the Trust Estate.
<br /> 12. R�m�d1�s Nof Exc/uslv�. Trustee and BenefiCiary,and each of them,shall be entitied to enforce payment�nd
<br /> pertormance of any indebtedness or obltgations secured hereby and to exerctse all rfqhts and powera unde�this Sacond Oasd of
<br /> — Trust or under any Loan Instrument or other agreement or any lews now o�hereafter in force; notw(thstandlnp, some ar elt ot the
<br /> — such fndnbtedness and abiipatians secured hereby may now o�hereafter be otherwise secured,whether by mart�aqe,deed of trust,
<br /> - D�edqe,lien,assignment or Qtherwise. Neithe�the acceptance of this Secund Deed of Trust nor tts eniorcement,whether by court
<br /> - aetlon or pursuant to the pawer of sale or other powers herein contained, shatl prejudtce o�In any manner aNnet Trustee's or
<br /> _= Beneficiary's riqht to reallze upon ar enforce any other securiry now or hereafter held by Trustee or 8eneficfary,ii hninp a4reed that
<br /> "-- Truatee and Beneftciary,and each ot them,shall be entitled ta enforce this Second Deed of Trust and any other ascurity now or
<br /> ,-,�
<br /> ° 3
<br /> ::ro:
<br />_`�� .wi,,,,...`�....,,�,n•...-�-.- _ • � - - � :� , . : r• q�'�i_,_.-..,.
<br /> T .T. � . ,�q e. '�il+��---
<br />. •��! � ' >•6e:x yiwT;�... .iF:i���.��'�:•*,�'r�S,: -- .
<br /> A'..'.; , : �',;y�� , �.�:�, �.:`�,�,+�;�—�°°ss==� -°-°
<br /> . . . j Ynet�., JYi.l �;,�,"� h Yo,.,...,_ ,� _-
<br />. 1..�y•� . - � . � . - 's' j.t`1:-�— --
<br /> _ '�� , . .� . ' � ��.:�: . 4::..__
<br /> n 7°;�en•,_;"V---
<br /> . �r�. � . .� 'r,.;rY„�" ��%wa_—.
<br />..- .:� " l „ _ . . . . ` �`'''�_=__ _ =_=�'._i-n.
<br />.. _ t; . �� . � ` . , . . `•�r%r!�fiF:..yy��'+,;:.�:Sn+,r f_!a�9r-°�"`'t_.
<br /> ' ----.�.
<br /> t . - . ._
<br /> - -' .°:. ..�'-Y
<br />
|