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<br /> (b� Cormnence an action to €oreclose this Deed of Trust as a mortgage,
<br /> . (` appoint a receiver, or specifically enforce any of the covenants hereof;
<br /> t (c) Deiiver to Trustee a written declaratian of default and demand for
<br /> sale, and a written notice of default and e2ection to cause Trustor's intercest .
<br /> in the Trust Estate to be sold, Yrhich not�ce Trustee shail cause to b� duly
<br /> ¢iled for record in the appropriate Of€icial Records of the County in which
<br /> the Trust Estate is located.
<br /> 11. FORECLOSURE BY POWER OF SALE. Should Beneficiary elect te
<br /> foreclose by exercise of the Fower of Sale herein contained, Bene���i=..=y �ltall
<br /> notify Trus�ee an� shall degosit w3th Trustee this DeeB of Trust ar.0 t�-�e I�ate .
<br /> and such receipts and evidenc� af expenditures made and secured hereL-� as
<br /> Trustee may require. �
<br /> (s) Upon receipt c£ such notice from Beneficiary, �ru�tE� �liall cause
<br /> to be recorded, publisha� ��? �elivered to Trustor such I��ti�P o� Lefault and
<br /> Natice of Sale as then requir�d hy law and by this Deed of Tr.�L. ' Trustee .
<br /> shall, without demand on Tru�ter, after such time as may then �e L-+��xired by , . '
<br /> law and after recordation of si�ch Notice of Default and after Iiotsce of Sale
<br /> . having been given as required By law, sell the Trust Estate a= the time an�3 - ,
<br /> place of sale fixed by it in such Notice of Sale, either as a whole, or in
<br /> separate Zots or parcels or items as Trustee shall deem ���ient, and in such
<br /> order as it m3y determine, at gublic auction,to the high�s* �zdd��-�for cash,
<br /> in lawful money of the United States, payable at the time a� sal.�.. Trustee
<br /> sha12 deliver to such purchaser a� purchasers thereof, its cacd �� sufficient
<br /> deed or deeds, conveying the property so sold, but 4Jlt}1QSS: r',�15�7 �cvenant or ,
<br /> warranty, express or i�piiQd. The recitals in such de�d iTi an�rin�±ters or .
<br /> facts shall b� ccnclu,�iv� pL�af c�g the truthfulilt�Ba ther�cf.. !l���r� �erson,
<br /> including, caithcu� IL*IiSt�t1G17.e Trcistor, Trustee, anc Benefici:,sry, may purchase
<br /> at such sale, an� Trustor here�y covenants to warrant and d��end the titl�� of �
<br /> such purchaser er purchasers. '
<br /> (b) As ma�l �e p�=-mitted by law, after deducting all costs, fees,
<br /> • expenses of Trustee anc3 of this Trust, includi�g rosts of evidence cf title in �
<br /> connection a�ith sale, Trustee sha 11 �pply the proceeds of sale ta payment of '
<br /> (i) all sums expended under the terms hereof, nat then repaid, v�ith accrued
<br /> interest at 12 percent per annum, (ii) all other sums then secured hereby, and
<br /> (iii) the remainder, if any, to the person or persons legally entitled
<br /> thereta. ;, ,.
<br /> (c) Trustee may, in the manner pravided by laa�, postpone sale of all or • ��'"'�
<br /> any portion of the Trustee EstatE. •i
<br /> 12. RL•I�fiDZE5 NOT EXCLUSIVE. Trustee and Eeneficiary, and each of them, �
<br /> • shall he enti�led to enforce oayment and perforn;an�:e af any indebtedness or �
<br /> obli.qations sc_ured hereby and to exercise all rights and powers under this i. ,
<br /> Deea c£ Trust ar under :�ny I.oan I nstrument ar other agree�-.ent or any laws now � • �
<br /> or iL�:�nafter in forc�, !-:��twithstanding some or all of the such indebtedness "
<br /> and obligations secured ilereby may now or hereafter be otherwise secured, ��`
<br /> whether by mortgage, deed of trust, pledge, lien, assignment or otherwise. ....;•.
<br /> Neither the accEptance of this Deed of Trust nor its enforcement a�hether by
<br /> court actian or pursuant to the potaer af sale or ather powers herein
<br /> c.ont�in�:�, shall prejudice or in any manner affect Trustee's or Beneficiary's
<br /> right �o realize upor. or enforce any other security now or hereafter helc3 by
<br /> Trustee or Beneficiary, it being agreed that Trustee and Beneficiary, and each
<br /> of them, shall be entitled to enforce this Deed cf Trust anii any other
<br /> vecurity now or hereafter held by Beneficiary or Trustee, in such order and
<br /> :ranr.��r as they or Qither of them rnay in their absolute di�cretion determine.
<br /> No Tr��medy herein confcrred upon or reser��ed to Trustee cr 9eneficiary is
<br /> intended to be exclusive of any other remedy herein or by law provided or
<br /> permitted, but each shall be cuu?a,�lative and shal� be in addition to every
<br /> ather remedy given hereunder or noai or hereafter existing �t law or in equity
<br />. , or by Statute. Every r�awer or remedy given by a�y af tre I,oan Instruments to
<br /> Trustee or F3ene.ficiary or to v�hich either �f *.hem may be c�therurise entit'lad,
<br /> may be exercised, cancurrently or indeper.�t.nt!y, f rotn time to time, and as
<br /> �ften �s may be deemed expedient by Trustee or ��Meficiary; and either of them
<br /> may pursue inconsistent remedies. Nathing herein shall be construed as . ,.,_ ,.____ -
<br /> prohibiting Beneficiary frdm seeking a deficiency judgment �gair��t the Trustvr .
<br /> to the extent such actian is perrnitteci by law.
<br /> 23. iiL� i3L�S'Z' :'aEt t.aTi�i:. s'rustor h�rehy requssts � ca�s�r c:f <ui� s:tit ir:c
<br /> af dpf�ult, �n tnat any nUticc� of sale hereunder be rn�iled t.� it �7t thr '
<br /> ��ddress set t'orth in th�: f i r�st paruyr�ph of' this Ueed ot 'I'rust. �
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<br /> I4. �O�l�HNYNG LriW. Tnis Deed crf Trust �hal 1 be govc�rned �y the law� �t
<br /> thE� ��t��te c�t�N�irtist.�. iri thE event t.hat atty F>rc���i.siosi va• clau:;c• c�t ��ny ��f' tF��� ���
<br /> T�cr��n insttutnents r.c,nflir.ts with �pplic�ible l�►a14, �:ur.Y� �•ur�fli<�!:. �:ha; 1 r�c�t - �
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