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<br />._..y. .�,� (d) a wrfl of execution or attachmeM of any slmflar procesa shall be entered apalnst Trustor wh�h ahall
<br /> � :� '
<br /> proc�ess c�f�judgment Is noi eleataed,�borxl�ed I eaUefied,�a artedgor stayed wlthin sixty(60)days�fter ka�eMry or In�evY:
<br /> : or
<br /> �..',. (e) there has ocourred a breach of or default under eny term, covenant, agraement,condftlon,provlslon,
<br />:. - . � � represematlon or warrenty coMalned In any prbr deed of trust or mortgege attQr.ting the�'rust Estate.
<br />=,:.�x'�.:��;:.� 10. ACCELERATIONS UPUN DEfAULT;ADDlTIO abla ar►d he same shall t�hereupon becomo duenand�peYable � `
<br /> '` � doclare the Indebtedness Recured hereby to be due and pay
<br />:.°��`.� ` � without any presentment,demand,protest or notice of any klnd. Thereafter,Beneficiary'may:
<br />- �.,,. � (I) eRher Upe rson or by agent, wfth or wfthout brinping any actlon or proceeding, or by a recelv9r
<br /> _�� appoin4ec!by a coun and wRhout reeard to the adequacy of Its security,enter upon and take posseaslon of the Trust
<br /> a
<br /> • Estate,or any part thereof, In Re own name or In the name of Trustee,and do any acte whlch ft deems necessary or
<br /> � � � �f desirable to preserve the value, marketabNfty or rentabflfry of the 1'rust Estate, or part thereof or Interest thoroln,
<br /> _::,'�. .�" Increase the Income therefrom or protect the security hereof and, wRh or wfthout taking possesslon af the Trust
<br /> '=:`��::: ,. Estate, sue for or othervvlae cdlect the rents,issues and prdits thereof, Including those past due and unpaid, arxi
<br /> �.;,; _ :. apply the aame, less costa en� expenses of operatlon and cdlection Including attorney's fees, upcn any
<br /> indebtedness secured hereby, all in such order as Beneflclary may determine. The entering�pi�n tereof�as
<br /> �=x��sA�t{ possasalon of the Trust Estate, the cdlectlon of such rertts, Issues and proftts and the appl
<br />-:';':�°���° aforesald shall not cure or waNe any de(ault or notice of default hereunder ot IrnalkJate any act done In rasponse to
<br /> : � such default or pursuant to such notice���lon of e�ntsnlssues or pr'offts�rustee or Benefici�ary shell be etntkled to
<br />.'-r;,'��:�� Estete Or the Cdlectlon,recelpt and appl
<br /> . �'•
<br />-- • exercise every rlgM p►ovfded for In any of the Loan Instruments or by law upon occurrence of any event of dofault,
<br /> ,;��G���� Including the rlght to exerclse the power of sele; nt a receNer or specfflcally
<br /> =����� (�I) commence an actionto foreclose thls Qeed of Trust as a mortgage, appol
<br />`�::a�;y. .�
<br />=��-���� enforce any of the convenants hereof;
<br /> ,_.�nc":rr,�-
<br />""``���� (III) delNer to Trustee a written declaratton of dofault and demand for sale and a writ�en notice ot default
<br />_�::,��,, and el9ctlon to cause Trustor's interest In the Trust Estate to be sdd,which not�e Trustee sha►I cause to be duly ffled
<br /> =��;� for record In the approprlate offices of the County In which the Trust Estate Is located;or
<br /> _ �-. .'t ,�
<br />- . ��� (Iv) exerclse such other tlghts or remedies at law or In equfty.
<br /> �:��� -
<br /> -,��;�� 1�. FORECLOSURE �iY ru�ivCR aF SRtc. If�sn�flc!«sy�!scts to!or'-N'!naw hy exercise of the Power of Sale
<br /> ��°,;�§,�, ' : hereln contalned, Beneflclary shall notffy Trustee aixi shall de{�osft with Trustee tha Second Deed uf Trust end any note
<br /> -=-= evidencing the Indebtedness and such recetpts and evidence of expendftures made and secured hereby as Trustee may
<br /> `.:--��l�' requlre.
<br />_____� Upon recolpt of such notice from Benefkiary, Trustee ahall cause to be recorded, published and
<br /> __�,��� delNer�ed to Trustor such Not�e of Default and Not�e of Sale es then required by law and by this Second Deed o#
<br /> Trust. Trustee shall wfthout demand�n Trustor,after such time as rntty then be requlred by law and after recordation
<br /> _�J!�� sell the Trust Estete at the
<br /> of such Notice of Default and after Notice of Sale having been given as requlred by law,
<br /> ----_-_� tlme and place of sale fbced by ft in such Notice of Sale,efther as a whole, or In separate lots or parcels or ftems as
<br /> °v'-'�� Trustee shall deem expedleM,and In such order as ft may determine,at public auctbn to the highest bidder for cash
<br /> ='"_"''�� in lawful money of tha UnRed States payable at the time of sale, Trustee shall deliver to such purchaser or
<br /> --v-� purchasers thereoF fta gaod and sufficient deed or deeds conveying the property so sold, but without any covenant
<br /> -�°�—•, or warranty he�eAn r Implleci•includl g w�ithout Ilmftat�IonTrusior T�uestee oa Benef�ry,manY purcf►pese a�uch
<br /> trutMulness Y t�
<br /> .._�. .__._.�_�� sale.
<br /> As may be Permitted bY�8w�after deducting ell costs,fees and expenses of Trustee and of tnlhlesrt��I�
<br /> -�,� includln g� costs of evide�ce of tltle In connectlon wfth sale,Trustee shall apply the proceeds of sele to pay
<br /> __.u...,��;��� the Indebtedness(II) all other sums then secured hereby, and (Iil)the remalnder,if any, to the person o►persons
<br /> - � �_;`_�� lega�ly entftled thereto.
<br /> J'�'-�`' (c) 7rustee may In the manner provided by►aw postpone sale of all or any portion of the Trust Estate.
<br /> �-�i �2. REMEDIES NOT EXCLUSIVE. Trustee and Beneficlary, and each of them, shall be entftled to eMorce
<br /> -`������ ment and periormance of any indebtedness or obligations secured hereby and to exercise all rights ar►d powers under
<br /> _--�L"',�":�s � I�Y
<br /> �;,:�- thls Second Deed of Trust or under any Loan Instrument or other agreement or any laws now or hereaftsr in orce;
<br /> •�:'��•`.'` notwfthstanding, some or all of the such Indebtedness and obllgatlons secured hereby may now or hereaiter be otherwise
<br />- .�;�:�`�����`" � secured,whether by mortgage,deed of trust,pledge,Ilen,assignment or otherwise. Nefther the acceptance of this Second
<br /> :.a � '�- 7 Deed of Trust not fts er�forcement, whether by court actlon or pursuant to the power of sale or other powers hereln
<br /> `i:s'� �.�� � �
<br /> contained, shall preJudlae or in sny manner aHect Trustee's or Beneficlary's right to realize upon or er�force any other
<br /> s allrbe entRled t eenforce thels Sec:ornd Deed of Trust and any olthe rs��urRy now or herea e h eld by Be ef c�ry h of them,
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