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<br /> � 9p.--=101 Q46 � .
<br /> !0.Aeecltsa3bn;�esedies;Pawes of Saie.LTpon an e��ent of default by TnLStor,�defined hemin,Beneftclary may dectare all sums serur-
<br /> ed heretry imsnediatefy due and payable Dy delitiary to Trustee of a written declaration of def3u[t.THE TRUST6E St1ALl.HAYE THE POWER _ ` •
<br /> OF SALE OP 1HE PROPERTit aad it Beneffciary desires the Property to be sntd,it shal2 deposiL w[th'Frcestee this t)eed of'f'nLSt, the Nate,
<br /> ' . and a11 other promissory notes and documents evtdendng�penditures secured hereby,a.nd shall deliver to 1lrustee a written notke of detauit
<br /> and efectEan to cause the Property to bt sotd,and the Trastee in tum shall prepare a similar:1toLice In tR�form required Dy I�w,whlch shaU
<br /> • be dv�filed for recoad by Ttustee •
<br /> � (a)Atter thr Ispse of such time os may De rtquirec!by!ax(allowing the recordation uf safd aotice of defaul;and nottce of defauli and
<br /> noUce of saie having been gn�n a�required by law,�ustee,wtthout demated on Trustor.shaU seU the Property on the daLe and at
<br /> the Gme and place deslgnaied in said aatEce of sat�at public auction to the highesi bidder,the purchase price payaDIe in IawAil money
<br /> of the L'nited Stetes ai the time of sale.The person cond�cting the sale may,!or a�y ravse he deems eapedient.pa,stgone the xale
<br /> from time to tfine antil it shall be campteted and,in erery such case,natice of postponement shall 6e gi�rn by publlc decIaraLioa there- ' '
<br /> of by svch person at che time and place[sst appointed for the saie;provided, it the saIe Lv postpaned fos tonger than one(t}day'
<br /> beyrond the day designaLed in the norice ef sai�norice thereof shatt be gn'en in the same mancter as the nrigina!notice of sal�Trusier
<br /> shall ezecute utd dPliver to the purchaser hts Deed conveying the Property soid, but wfthout any covenant or warranty,ezpres�,or
<br /> jmplied.The recitals in the I)eed of any matteis or[acLs shall be conclusnr proof of the truthfuliness thereaf.Any person, including
<br /> BeneLciuy�,may purchase at the sale. �
<br /> (b)WEten 7Yu.gtee se319 pursuanL to she pawers here3n,the Trustee sha11 apply the proceeds of the sale to payment nf the costs and expens
<br /> es of euercis3ng the power af sate and of the sate,inciuding 6ut nat limited W,the payment of the 1Yustee's fees actualty incarred,
<br /> aud then to the items in sukr��aph(c)in the order there stated
<br /> (c) After paying the it�ms sge�r=d in subpzragsaph (b)ft ttte sale is by Tsustee,or after payment of psoper court casts if ttte sale�s
<br /> , pursuant to ju�cial fo!-ecFe�.sr�the praceeds oi sale shail be applied in the order staied below:
<br /> (ij Cast of any e�:x�se e`��?(^vcured in�znection with sucli�1e Q.a+�of any reven ae stamps;
<br /> (ii)Attomey feps tuid costs afi�s��rrion;
<br /> • (iii)All sams then seca�reai Er�ririir�'^eed of Trvs�
<br /> : {iv�Junior tn�st deeds,mor.�=�::c oiher lienhotders; �
<br /> (v)The remainder,if any,to xhe sesson leg�y entiEled thereta •
<br /> � 11.Dsties abd OAIIptlaa ot TYa�tee.(a)The dudes and ui*li�ations of sristee shaII be detcrcni�:!s���tety by ti�e eapress pro-�:vns of
<br /> this Leed of Trust and Trustee shaIL s��:he liable except for t$p�x-s.°ormance oP such dutf�ae�oblf�;rr�rys are��dSegliy set forth herein,
<br /> , and na fmpUed covenants or obfiga�r_r�s shall 6e imposed upo;c TiT�:,,.ee;(b)No provision of�ds beed c�TNzst shalt�utsr Trusiee to e�cgend
<br /> , _ t or risk its awn Funds,or otherwise i�cur,any financial obllgation m the perf�ance of��°its dnti�s lrr�under,�lr tin Ehe ezerczse ai any
<br /> � nf its rfght or powers, if it shall hati�e grounds for believing that the sep�n-rt of such funds or at�r�3:,tr indem�i�againsi s�c�ris3c.or
<br /> iiability is not rea5onabIy assured to iE;(c)Trustee may consult with couc�-��:f its own chocsing a.�vi t1tN�vice of such counse!ah�ll i�e full
<br /> S and complete authorization and prcieetion in the respeet of any action tai:nu:;:r sufPered Pry iz�.R gcc�r:.r�si^.and reliance thereon;(d�•Trt�stee
<br /> • shaU not be Itable tor any actioa crsrr�.:by It in good faith and ra�sonabiy bee«+red by it tn fae w-'soc���ur within cJe�iiscreiton or rlghta or
<br /> . � pnwers conferred upon it by this P�e3 of Trust; (e) 7Ynstee Jt:rU r:ot be r.�.�;nsibie f��rzs�-�4..ag-seR�oF any unyafri i�es on tAe Properiy
<br /> due artd owing at the time of the s��:Cr.:I or any part of the Fm��ftis�pu.suant tn:ie proc�i:�:�as in Par-.�;rn�h 10.
<br /> ! 12.AddItlonal3ecarity Imt�sae�'•r.Trustor,zs i:3 ea�v�.��u-i:.execu�r�::���deliver to the Tn�ste�. �Sn3tnpUy upon demand,such eerurity
<br /> instrt�ments as may be required by Tntstee,in fcrns.:i�;d er�i^„�r7�satlsfactury to Tntstee,covering any cf the Property com�eyed by thls Deed
<br /> ' ot Trust,which 9ecur(ty Ltsirumenu�:ai�all be a�.,1��irt�:�5cwilr�'f�:Trusto�'s Paithful performance of a11 of the terms,r_ovenants,and condi-
<br /> � f ti0ns of Sttls UetA of'Ru1t,f!�Aio�i tpn�-aflyana all ot•Ser dn�nmuz:s evidencing the Obligatlons secured hereby,and ang uther secursy instru- '
<br /> ments errecuted i[► a�nne7.�tiln wIt3t-4�tr8tteactlon. 3ucA f2�lr.unents shall be recorAed or C�Ied,and re-recorded an.d refde3,at 7Yastor's
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<br /> ' 13.B�etea�oe'15eYtea 8enefia[ary may from time to time substitute a successor os successors to any 7Yustee numed herein or acting here• •�
<br /> under to exeeute this Deed of Trust. Upon such appointment and without convcyance to the successor Trustee,the latter shuU�e�ested � .
<br /> ' with all title, puwers, and duUet;c�r_!erred upon any Trustee herein named or acting hereunder.Each such appointment and ss�bstitution
<br /> � shall be made by wdtten instrumr.�s��y F3enefieiary,containfng reference to thl9 Deed of 7Yust and its place of record,whicr whon recorded
<br /> in the aftke of the Register of Qee+i�or the cnunty or counttes in whfch said Property is situated shall be conclusise praof of proper appulnt-
<br /> ment�f the successor tsustee.The foregoSng power of substitutIon and the procedure therefor shali not be exciush•e of the pm�-r.r and proced-
<br /> . ure prodded tos by Inuv L�r the substitution of another trustee or trustees in the place of the Trustee. • --
<br /> 1A.Iaspectlons.Reneticiary,ur its agenGV,representatives or workmen,are authorized to enter nt any reasonaDle timo upon all c�r in any
<br /> ` part of the Propert}r for the purpose of inspecting the same and tor the purpose of performing any of che acts It �s authori2ed to perform �i
<br /> I under the terms of the Deed of Trust '•�
<br /> Ib.Forbeasaace 6y Benenclary or Tsastee Not a Waiver.ai:y forbeazance by Renesciary or Trustee in exerc�sing any�r,ght or remedy here-
<br /> . � under,or otherwLse aitorded by applicable law,�`s;u;not be a waiver of or preciude the exercise oP any right or remedy hereunder. L!kewise, 1
<br /> � the walver by Beneficiary or Trustee of any defa�i�i ot Trustor under this Ueed of Trust shaJl not Ae deemcd to be a waiver of any r.ther or
<br /> , simflar defaults subeequentiy occurring,
<br /> } 18.Tn�tor Not�eteared.Exten�ul�^ of the tlme for payment or modiAcatlon or amonit��.ion of the sums secured Dy thls Deed of Trust ;�
<br /> . �jranted Dy BeneTiciary to any sucrr•<�s*in interest of TrusWr ahall not operate to release,:a any manner,the liability of the origlnal'lYustor %
<br /> ; or Tsuswr's successor en InteresG fieneflciary shull not be reQuired tn commence proceedinp,s against vuch successor or rcfuse tn extend time
<br /> � for payment or otherwLge modify amortization��f the sums secured Ay this Deed of Trust Ay reason�f any Aemand made by the origlnal7Yustnr �
<br /> � and Trusto�s successors in tnteresG ��
<br /> ' 17.$eneticisry's�t to Care. 1t thece shaA be a default �inder this lleed of 7Yust or under any prior mortgage or deed uf trust, the
<br /> f3eneficiary may cure such defuult.The amount-9 advanced by, a:nd othPr c�ists and expenses uf the E3eneficiary in cur c��such default, witA .
<br /> lnterest(from Ehe date ot dLiDursement ut the rate paynDle fron�time tu tlme on uutstsmding principal on the Nute unie�s payment uf lnterest
<br /> at such rate would be contrary to a➢plleable law,ln wh:ch event such amounGV shn0 hear intere�+t at the hlqhest interest rate autY.�:�izeci by
<br /> i aDpllcable taw)ahaU be added to the lndebtedr.e�s secured Ay thi�bee�of Trust�nd may be collected hereunder at any Ume aRe:tQz tlme
<br /> of such odvancc�s ur payments and ahall 6e deemed u>be secured thereby.
<br /> �n
<br /> j !H.dpt3an W Fat�ectwe�s Mort�e.Upon the occurance of<^..7y default hereunder,Ber,Ff°lary shaU have the oytion co foreclose thtv tleed
<br /> � ofTrust�n the manner prov}ded by faw for the forectosure nf moer.r�ges on real property.
<br /> � � 19.Trnstot'e�b,Abcent Delault!)nt11 any�etault av�efined herein,the Trustc�^, ��s successurs and usslgns,shul) p��ssess and eRi��y
<br /> the f'roperty. Upnn payment ul ati sums secured Dy this Ueed of Trust, f3eneflclary shuli request Trustee to reconvey the property�nd shall
<br /> 4 aurrender tbLs Ueed of Trust and the Note,and alt other documenGa evldencing indebtedness secureA by t::is need of Triist to Trustce.Trustee
<br /> shall reconvey the proyerty without warranty nnd without cf:arge to the persons Iegally e;titled thereto.The grarc,�e In any recnnveyance
<br /> may be Aescribed�"the person or persons n_ntitled thereto."�*.�d the recltals thereln of a�5 matters or facts shalt C�>cnnclusive praaf of the.
<br /> truthfulness thereof.5uch person ur persons shall pay all rosts c�t recnrding,if any.
<br /> 2C1 Bene!lchry'e Powete.Without nftecting or r�::>asing the Ilability ot the 7Yustor or tiny other persc-'lable tor the pnyment of any bbllga-
<br /> tiana herein mentioned,and withnut aftecdng tP,.>:ien charge ot thL�Uecd ot Trust upon any purtion v:the Property net then or c1�tetofure r---==
<br /> released a9 security for the fuil amount uf all unpaid Obllgations,Benrflciary may, from tlme to Une and withnut n�tice at the request nf �
<br /> unc�r more Trustors(i)retease any person so liable,(ii)extend or renrw the maturity or alter any of the tcrmy nf any surh��bllgutinns, (ui)
<br /> grant other indulgences,(iv)release ur reconvey,or cause to be releasrd ur reconveyed at tmy tlme at HenFficjtuys r,ptior►ur�y parcel or all
<br /> o!the Yruperty,(v)take or retease any uther or addltiona!security far any obligation hereln mentioned,(vi�m:ilce com�cT.tions or other arrunge- j
<br /> � Ineftts with debtols in relStion Lhereto.All Trustors ahall be Jolntly and severaUy n6llguted and hnund hy thr:u�tianc nf thP Fic�nrfiri:try nr�ny � _ . ..
<br /> one or more Trustnr es 8tetelt 9n this pazagraph.
<br /> 2f.1ttlnedies Nd�scl�etve.Trustce nnd ge:<��i.;::sy,artd cach ot them,shall be entitled to enforce pay:�ent and pertormance of any indebted- � �
<br /> � ness cs�➢�1lgutlony serured hrreby nnd to exe:c�ae aSl rlghts and yowers under thLv De��of Trust ur ur:Aer any��t`�•r t►��rnent rxrcuted in
<br /> conrer�i;.i herewith or any laws r.nw ar herea.^•er�n tcr^�* rrawithstanding same ar all of the such isdebtedr.ess and Obllgatiuns secured
<br /> hcre'r,/�aay euw ar hrreaher be othemise str.L:�d, wr�•�I:�r L^.�mortga�;e,deed of crust, �*4g�, iz��rt, :issitintne�nt or uthrnvise. tirither tht•
<br /> arreptance uf this Ih�ed of'IYust n�r iLv enforce�.^.e^��,•�:ct:=,•r 3y tourt xrtion or pursuant ta.he pow•er c�:'sale or nther puwers herein�•ontctin- h,
<br />' ed,shull preJudice ur in any mnnner utfect Tr�:�:,.��s ar L;eneficlaryrA right tu realixe upuiti�r enfnrre nry c.thrr srcurity nuw ur hereatter hrid tp
<br /> by'frustre ur BrneHciary,it being agreed that:'k'�:>Sn��und[3t�neficiary.�nd ea�•!�of thcm,sh:ill br cmtitted tn enforcN this hsed of'f'rust Lnd 1��
<br /> atry uther serurity now ar hereatter held by f3er�;:c:ary cr'1`rttstee fn:�uch at�ti•v ahd m:mhet�4ti th�ry or oithet uf thrm mc�y in thc•ir cibsoiutr +
<br /> discrction determinc�. Nu remedy hc�rcUt e�mf�rreA::�c:�cT te:ervfd tu TrU5tce o►Rr��rfic:';�cn,�iv intrnded ti�6�•��xrlasiee nf any��fhi•r renirdy � �
<br /> herein or Gy law provided ur bermitted,but vanc�;.�;;:�e.ra�ulutive un�st�all l�r iee add.�:on t�.ecery oN�er rNroi�dy�;ivE�u hrteuttd�•t ur nu►v
<br /> ���hrte�ttter Exlsting at lnw or in cquity or by stat:��e Ec•rry��,wet ur rrmivty p�nvid��d und��r thi�h�vd��t'(Yust t��'I'ru�tec•ur lt��neCriary��r
<br /> tu which eith�r i,l thr.m mny be uthenvi.vr entitit�i,m:,y be•exercised,rancurrFmtly ur Ind��p��ndE�nity, frnw tm�F�tu timE�tuid av nhetr a�tnnv
<br /> Ar dt�ernr4 rxprA�rnt by'frustre nr IS�nF•fi�iary�ud t•itf,rr o€thrtn muy pu�va• �m•�m�iw�•ut rrnwdi�s Ni�tt�i��ti hi•re•m�hall tii�i•untitnir4 i�ti
<br /> yn,hihJtinn ITannfciary[rom ssrkinK a d<�fir ir�n�•Y jud{�rnF•nt uy;ntn�.t thr'1'ru�tor tu thr i�xtrtu��u�h u�•�i�,ii is p��ru�dtr�i by la�v �
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