Laserfiche WebLink
200002549 <br />(d) a writ of execution or ' achment of any similar process shall be ent -red against Trustor which shall <br />become a lien on the Trust Estate or ai. aortion thereof or interest therein and sucf acution, attachment or similar <br />process of judgment is not released, bonded, satisfied, vacated or stayed within sixty (6u) days after its entry or levy; or <br />(e) there has occurred a breach of or default under any term, covenant, agreement, condition, provision, <br />representation or warranty contained in any prior deed of trust or mortgage affecting the Trust Estate. <br />10. Acceleration upon Default; Additional Remedies. If an event of default occurs, Beneficiary may declare the <br />idebtedness secured hereby to be due and payable and the same shall thereupon become due and payable without any <br />resentment, demand, protest or notice of any kind. Thereafter, Beneficiary may: <br />(i) either in person or by agent, with or without bringing any action or proceeding, or by a receiver appointed <br />by a court and without regard to the adequacy of its security, enter upon and take possession of the Trust Estate, or any <br />part thereof, in its own name or in the name of Trustee, and do any acts which it deems necessary or desirable to preserve <br />the value, marketability or rentability of the Trust Estate, or part thereof or interest therein, increase the income therefrom <br />or protect the security hereof and, with or without taking possession of the Trust Estate, sue for or otherwise collect the <br />rents, issues and profits thereof, including those past due and unpaid, and apply the same, less costs and expenses of <br />operation and collection including attorneys' fees, upon any indebtedness secured hereby, all in such order as Beneficiary <br />may determine. The entering upon and taking possession of the Trust Estate, the collection of such rents, issues and <br />profits and the application thereof as aforesaid shall not cure or waive any default or notice of default hereunder or <br />invalidate any act done in response to such default or pursuant to such notice of default and, notwithstanding the <br />continuance in possession of the Trust Estate or the collection, receipt and application of rents, issues or profits, Trustee <br />or Beneficiary shall been entitled to exercise every right provided for in any of the Loan Instruments or by law upon <br />occurrence of any event of default, including 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 hereof; <br />(iii) deliver to Trustee a written declaration of default and demand for sale and a written notice of default and <br />election to cause Trustor's interest in the Trust Estate to be sold, which notice Trustee shall cause to be duly filed for <br />record in the appropriate offices of the County in which the Trust Estate is located; or <br />(iv) exercise such other rights or remedies at law or in equity. <br />11. foreclosure byPower ofSale. If Beneficiary elects to foreclose by exercise of the Power of Sale herein contained, <br />3eneficiary shall notify Trustee and shall deposit with Trustee this Second Deed of Trust and any note evidencing the Indebtedness <br />and sudh receipts and evidence 'of expenditures made and secured hereby as Trustee may require. <br />(a) Upon receipt of such notice from Beneficiary, Trustee shall cause to be recorded, published and delivered <br />to Trustor such Notice of Default and Notice of Sale as then required by law and by this Second Deed of Trust. Trustee <br />shall, without demand on Trustor, after such time as may then be required by law and after recordation of such Notice of <br />Default and after Notice of Sale having been given as required by law, sell the Trust Estate at the time and place of sale <br />fixed by it in such Notice of Sale, either as a whole, or in separate lots or parcels or items as Trustee shall deem expedient, <br />and in such order as it may determine, at public auction to the highest bidder for cash in lawful money of the United States <br />payable at the time of sale. Trustee shall deliver to such purchaser or purchasers thereof its good and sufficient 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 shall be conclusive proof of the truthfulness thereof. Any person, including without limitation <br />Trustor, Trustee or Beneficiary, may purchase at such sale. <br />(b) As may be permitted by law, after deducting all costs, fees and expenses of Trustee and of this Trust, <br />including costs of evidence of title in connection with sale, Trustee shall apply the proceeds of sale to payment of 0) the <br />Indebtedness 0i) all other sums then secured hereby, and (iii) the remainder, if any, to the person or persons legally entitled <br />thereto. <br />(c) Trustee may in the manner provided by law postpone sale of all or any portion of the Trust Estate. <br />12. Remedies Not Exclusive. Trustee and Beneficiary, and each of them, shall be entitled to enforce payment and <br />performance of any indebtedness or obligations secured hereby and to exercise all rights and powers under this Second Deed of <br />Trust or under any Loan Instrument or other agreement or any laws now or hereafter in force; notwithstanding, some or all of the <br />such indebtedness and obligations secured hereby may now or hereafter be otherwise secured, whether by mortgage, deed of trust, <br />Ige, lien, assignment or otherwise. Neither the acceptance of this Second Deed of Trust nor its enforcement, whether by court <br />an or pursuant to the power of sale or other powers herein contained, shall prejudice or in any manner affect Trustee's or <br />Beneficiary's right to realize upon or enforce any other security now or hereafter held by Trustee or Beneficiary, it being agreed that <br />Trustee and Beneficiary, and each of them, shall be entitled to enforc6 this Second Deed of Trust and any other security now or <br />3 <br />