. . ..n..� .. . :.«.n�.,�:..
<br /> � .. • ��.����.�'.�-�-w
<br /> �����yy� (^]TT�.
<br /> .. \ . � . `.-.Yl'��S�,t:=•-.
<br /> t U.. . . . . � -".t.C.a'(�1}9�.t.. .,^n:�.���;��:
<br /> , �;1.e. -� � . _ � . . . . .ai1�lYY.-� '��..�'•._'--—__..
<br /> �� . - . ' '^`�._'tJ�!P�:,
<br /> � � • • ' - . ,� - -
<br /> .. . . , . ..��,!{I�ri"�.
<br /> f' .r.�!,.'� �u-.
<br /> • ' ,� , ' -- . � - .. � �T �,.ii3�..��=- —
<br /> .. � ,� . .. , - .. . 7� 'r�{�{7���+��__+�.:—
<br /> r �
<br /> - - . . - . .. - ..- - - .. . .. � �•�t.
<br /> . . . .ya�;.
<br /> � � ,�'�'r+�v�.�
<br /> ,� (d� 2 wrii of exocutionorattachment of any similar process snallbeentered agamst Trustor wh�Ch shall , .f �
<br /> � 'become a Ilan an the Truat Estate or any partion thereof ar inta►est therein and such oxecution, attachment or sim�lar :.��_�—
<br /> ._;���.��;.-_.---
<br /> process ot judgment is not released,bonded, satisfied,vacated or stayed within s�xty 1601 days after its entry ar levy;or :y ,, �_
<br /> . . .:. .:..t
<br /> ,,;.�i ' Y G'"'_=--�.�
<br /> (8� there has occurred a breach of or default under any term,covenant, agresmPnt, condfUon, prov�sion, . ,��,�A�.•�;a-�..��*_�-
<br /> �;,,..w � representation or warranty Contained in ary prior deed of trust ar mortgage afiecting the 7rust Estate. �'�'''�_
<br /> (Q .3,�.,�:,:.,.r:..,. :
<br /> ''•������.r�fn-a-'�_-'_• _
<br /> .. ..,..,a�.;, �1 +�ar��-- �-
<br /> ; 10. Acce%radon upan Defavlt;Addldona/Rsmadiss. If an avent of default occurs, Beneficiary may declare the ' r,,`.���_� -
<br /> , Indebtedncsss secured hereby to be due and payable and the same shall thereupon become due and payable without any � �•��_��W,.�_�
<br /> � presentment, demand, protest or natice of any kind. ThereaRer, Benaficiary may: .��--N -
<br /> c°-�----�-
<br /> h
<br /> (�) eithar in persan ar by aqent,with or without bringing eny action ar proceedinq,or by a recelver appointed p —
<br /> V by a court and without regard ro the adequacy of its security,enter upan and take possessian of the Trust Estate, or any � _��
<br /> part thereof,in its awn name or in tha name of Trustae,and do any acts which it deems necessary or dasirable to preserve d �,�.:;,�,_.
<br /> oa.��_
<br /> • the value,marketability or rentability of the Trust Estate,or paK theraof or interest therein,increase the income therefrom�,,,� �L-�,,,
<br /> ��.
<br /> or protect the securlty hereof and,with or without takinp possession of the Trust Estate,sue for or atherwfse collect the �„�_ —
<br /> �,:, rents, tssues and profits thereof, including those past due and unpaid, end epplY the same, less costs and expenses of �- _-
<br /> ' � operation and collection including attorneys'fees,upon any indebtedness secured hereby,ali in such order as 8eneficiary �.,�..�_
<br /> � ��_
<br /> may determine. The enteri�g upon and taking possession of the Trust Estate,the collect(on of sucH ronts, Issues and �:,�_�
<br /> profits and the application thareof as aforesaid shall nat cure or watve any default or notice of default hereunder or
<br /> �.
<br /> invalidate any act done (n response to such default or pursuant to such notiCe of default and, notwfthstandfng the t`'�
<br /> contfnuance in possession af the Trust Estate or the collection,receipt and application of rents,Issues or prof(ts,Trustee �-��
<br /> E.-
<br /> �.' or Beneficiary shail baen entitled to exercisa every ripht provided for in any af the Loan Instrurnents or by law upon �_
<br /> � occurrance of any event of default, (nclud(ng the right to exercise the power of sale; ��;��-
<br /> ,. �' (ii) commence an action to foreclose this Deed of Trust as a mortgage, appoint a receiver or specifically .,`�.-��_. �
<br /> ' enforce any of the covenants hereot; ��a
<br /> � C��_.
<br /> ,'� (iii► deliver to Trustee a written daclaration of defautt and demand for sale and a written notice of default and It�
<br /> --' �� election to cause Trusiar's �i�ic��st�r 2`:c Ts::s!E�ta*.e rn ha.. sold.which notice Trustee shali cause to be duly ffled for ��!!�_�
<br /> Q; record in the appropriate offices of the County (n which the Trust Estate is located; or - y��
<br /> a:� �_
<br /> � ' (iv1 exercise such other rights or remedies et law ar in equity. ������
<br /> ��
<br /> *� 11, foreclosuie byPowe�ol Sa/e. If Beneficiary elects to foreclase by exercise of the Power of Sale herein contained, �__
<br /> � andesucih ece pts�and ev dance of e plenditures made andesecus deher by�a dT usteetmay equt e e evidencing the Indebtedness — —_
<br /> �
<br /> -�:S (a) Upon receipt ot such notice frnm Beneficiary,Trustee shail cause to ba recorded, published and deiiverad
<br /> to Trustnr such Notice of Default and Notfce of Salo as then required by taw and by this Second Dead of Trust. Trustee
<br /> shall,witho��t demand on Trustor,after such time as may then be required by law and after recordation of such Notice of
<br /> Defauit and after Notice of Sale having been piven as required by law,sell the Trust Estate at the time and place ot salo
<br /> ;y,. fixed by it fn such Notice of Saie,either as a whole,or in separate lots or parcels or items as Trustee shall daem expedient,
<br /> �r and in such order as it may determine,at pubtic auction to the highest bidder for cash in lawful money of the Un(ted States
<br /> T payablA at the time of sale. Trustec sha!!deliver to such purchaser or purchasers thereot its good and suffic(ent deed o� _ ,_ —
<br /> � deads conveying the propertY sa sold,but without any covenant or warranty,express or imptied. The recitai�i���.,���..o�� — -
<br /> � �. of any matters or facts shall be conclusivo proof of the truthiutness thereof. Any parson, Includinp without Ilmitation
<br /> � Trustor,Trustee or Beneficfary, may purchase at such sale. —�
<br /> (b) As may he permltted by law,after deducting aIl casts, fees and expenses of Trustee and of this Trust, —
<br /> Including costs af evidence of title in connection with sale,Trustae shall apply the proceeds ot sala to payment of(il the
<br /> Indebtedness lii) all other sums then secured hereby,and (iiil the remafnder,if any,to the Uerson or persans leqally entitled __ _�
<br /> -.
<br /> thereto.
<br /> Y?�;
<br /> ` ��) Trustee may in the manner provided by law p�stpane sale df all or any partion of the Trust Estate. t �,��.��,
<br /> �: �'.a:
<br /> 12, RemedJes Nor Exclusive. Trustee and Benaficiary, and each of them,shall be entitled to enforce payment and ;.'`�.`�;` :��::::
<br /> performance of any indebtedness or obligaiions secured hereby and to exercise all rights and powers under this Second Deed of ,,:;.�,K,�Y. ' .,i j..
<br /> Trust or under any Loan Instrument or other agreement or any laws now or hereafter in forca;notwithstanding, samo or all of the t_ : ��,�-�•„�,;��:
<br /> such indebtedness and obligations secured hereby may now ar hereafter be othervvise secured,whether by mortgage,deed of trust, •r�� <-.?•��•
<br /> pledge, lien,assignrnent or otherwise. Neither the acceptance of thls 5econd Deed of Trust nor its enforcement,whether by court �.�tr . ?.�.
<br /> actlon or pursuant to the power of sale ar other powers herein contained, shall prejudice or in any manner affect Trustee's or
<br /> Beneficfary's right to realize upan or enforce any other security now or hereafter held by Trustee or Beneficiary,it being agreed that
<br /> Trustee and Benaficiary, and each af them, shall be entitled to enforce this Second Deed of Trust and any other security now or
<br /> � 3
<br /> � �f --_...�,—
<br /> �
<br /> � _ _ _
<br />
|