201702895 - Laserfiche WebLink

Browse

4830 -2329- 68392 10 201702895 containing a reference to this Deed of Trust and its place of record, which when recorded in the office of the Register of Deeds of the county or counties in which said Property is situated shall be conclusive proof of proper appointment of the successor trustee. The foregoing power of substitution and the procedure therefor shall not be exclusive of the power and procedure provided for by law for the substitution of another trustee in the place of the Trustee. 17. Inspections. Beneficiary, or its agents, representatives or workmen, are authorized to enter at any reasonable time upon all or in any part of the Property for the purpose of inspecting the same and for the purpose of performing any of the acts it is authorized to perform under the terms of this Deed of Trust. 18. Forbearance by Beneficiary or Trustee Not a Waiver. Any forbearance by Beneficiary or Trustee in exercising any right or remedy hereunder, or otherwise afforded by applicable law, shall not be a waiver of or preclude the exercise of any right or remedy hereunder. Likewise, the waiver by Beneficiary or Trustee of any default of Trustor under this Deed of Trust shall not be deemed to be a waiver of any other or similar defaults subsequently occurring. 19. Trustor Not Released. Extension of the time for payment or modification or amortization of the sums secured by this Deed of Trust granted by Beneficiary to any successor in interest of Trustor shall not operate to release, in any manner, the liability of the original Trustor or Trustor's successor in interest. Beneficiary shall not be required to commence proceedings against such successor or refuse to extend time for payment or otherwise modify amortization of the sums secured by this Deed of Trust by reason of any demand made by the original Trustor and Trustor's successors in interest. 20. Beneficiary's Right to Cure. If there shall be a default under this Deed of Trust or under any prior mortgage or deed of trust, Beneficiary may cure such default. The amounts advanced by, and other costs and expenses of Beneficiary in curing such default, with interest (from the date of disbursement at the rate payable from time to time on outstanding principal on the Promissory Note unless payment of interest at such rate would be contrary to applicable law, in which event such amounts shall bear interest at the highest interest rate authorized by applicable law) shall be added to the Obligations secured by this Deed of Trust and may be collected hereunder at any time after the time of such advances or payments and shall be deemed to be secured thereby. 21. Option to Foreclose as Mortgage. Upon the occurrence of any default hereunder, Beneficiary shall have the option to foreclose this Deed of Trust in the manner provided by law for the foreclosure of mortgages on real property. 22. Trustor's Rights, Absent Default. Upon payment of all sums secured by this Deed of Trust, Beneficiary shall request Trustee to reconvey the property and shall surrender this Deed of Trust and the Promissory Note, and all other documents evidencing indebtedness secured by this Deed of Trust to Trustee. Trustee shall reconvey the property without warranty and without charge to the persons legally entitled thereto. The grantee in any reconveyance may be described as "the person or persons entitled thereto ", and the recitals therein of any matters or