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<br /> in d�fault vl.th reepect to pr}�wne of an� indebtedneee sec�+red herc�y. or !n the per�aIImance of
<br /> any a�tr�ment Aareundee. If n�y event of dofuult deQCrtOed hereafser !n teepect Co thia Decd of
<br /> , Trt�t �h!!1 ttsve oecueltd attd Re contlnuing, srnaficiary, aa a taattar of elKiie Aud without uotice •
<br /> L`� jtfO�tOC Or aayoae clai�ing u�der Trustor. ��c1 vlthout regard to the velue of tha tcuet oetete
<br /> or the !n tereat o! the Tru�tor Cherafn. �hall hsve the right to apply to Mny court hnving jurle-
<br /> diction to �ppofnt a recatver af the propertp.
<br /> � 10. Te�n afer of Prapmrty. If all or any part oP the property or any interest of T�uetar
<br /> th�erein is eold, transferrad or further ertctabered without the expreea or vrltten can�mt of
<br /> Eeneticfasy, Dan�ficiary w�y. at it� eol� option. dec.lare all s�a secured bp tni• Deed o! Tru�t
<br /> to bk i�ediwtely du� and payable u�d praceed to the rewed3ea wvallahle to it �der tha daf�lult
<br /> p:oviaiona co�telned herela.
<br /> 11. Evente Qf Itefau:t. Aay of the follovtng ovonts shall be deeaed an evene of dtfault here-
<br /> utder:
<br /> (a) Trustor ehalY have
<br /> intereat, prtncipa! or principal and lntete�t or any other au�e eecuYed
<br /> i
<br /> heceby vhen due;
<br /> (b) Thore has o..curred a breach of or default �mder any tes�, ewenaat.
<br /> ; agrcenmt. condition. proviaion. repreaent+tion or varsanty cant�ined ln thia
<br /> • � Deed of Tru�t. the note or aay other lwn instru�ent securrd hercby; .
<br /> � (c) There has been a deftult by the I`ruasor in the paymati of any prior
<br /> or aubaequent lien or r.nc�abrance in reepect to all os aay past of t he property;
<br /> {d) Truetor ehall file a voluntary petitior in bankruptcy or shall be
<br /> ad�udicated baniaupt or in�olvant, or ahall ts�ke an assignment for the+ benefie
<br /> of creditore in reapect to the praperty; or an �et•ion to enforce any lien or �
<br /> , encmebrance or �udg�enta ag�inat tAe property ir coa�enced.
<br /> , . 12. Acceleration Upon l�efault. In the event of any default, Be�ficiary may declare all
<br /> . indeb+tedne�a secured hereby to be due and payable, end the saae ahsll thereupon becose due end
<br /> . psyab2e vithout ery presentamt, dtmuid, protest or notice of any kind. Thereaftar, Eeneficiary
<br /> o.y:
<br /> (a) either in peseon or by agent, vith or vithaut bringing any action os
<br /> proceeding, or by receiver appointed by 3 court und vithout regard to tfie adequa�y
<br /> • af any security, enter upon and take poasesaion of the properLy. or ary part thexeoP.
<br /> - t � ic� !ta ovn naae or in the naae of the Truetee, and do any acr9 ahich it deese necessary
<br /> aa@ desixable to preserve the value. marketabilitv or rentabi�ity of tha property, or -
<br /> p�ct �hereof or intetast therein, increase the incaoie therefros or pratect the secusity '
<br /> " I:�nc� and, vithout taking pos4eaelon of the property. sue far or otherviee collect '
<br /> tne reate, ieaues and profite thereof� lncluding tMae paet due and �paid, and app2y
<br /> the sa�e, lesa eoats aad expenaea of operatio� and collectian. includiag attornty £ees. , • -_
<br /> upon anq indebtedaeas eecured hereby. all in auch order ae Betfeficiary wap detesaiae.
<br /> The et�tering upon aad takingposseaston of the trust eorara, rb� ��i�M.�.� of �uc: `'"-
<br /> cesi��, tasues and prarite tnd application thereof as aforeeaid ahall nc: cura or xaive '#' ��-
<br /> any de�ault or notice of defr�ult hese�mder or invalidate any act and in reaponae to j
<br /> ___ euch defAUl� or Durauant to auch notice nf defaule aad, nnevirtur.�ai�e L� �.����;,��,. -
<br /> ia poasession of the proptrty or ,the co?.2ection� rccalpt and app�icst ion of renta,
<br /> isauea or profite, Truetee or Deneficiary may be entitled to exercise every right pro-
<br /> vi�ed for 2n any of the lom instruments or by lav upon occurrence of any event of �
<br /> deff¢�2t, is�cluding the right to exesc3se the perer of sale;
<br /> .��
<br /> � Cb) comeace an aetloa to forecloae this Deed of Truet aa a mortgage, appoint a `�
<br /> �
<br /> receiver, or aF�xiflcally enforce aay of the covenanta hereaf;
<br /> (c) deliver to Trustee a vrlttea declaration of default and demand fos eale. ocd
<br /> � a tirtfttm ootice of defaulC aa�d election co cause Truator's intereac icz che propez�y to
<br /> • be eold, vhich notice iruscee slu�ll cause to ba duly f11ed for zecord to•�'�e official
<br /> reaords of !he comty in vhich the property is located. -
<br /> 13. Forecloaure bY Pover of Ssle. &hould Beneficiary elect co Foreclose by exerclae o£ the
<br /> poxer of eale herela contained. Deneficiary ehall notify Truetee and ahall depoalt vith Trnstee
<br /> thia Deed of iruat and the note and snch receipta and evidence of expenditurea made and secured �
<br /> hereby as Truscee mey require, and upon request of the Beu�£iclary. thc 7'rustee shail file for ..�
<br /> record. in tTu! :Ttegister of 9eede office in the County taheze the propercy is located. a notice of ' '
<br /> default, setting forth the nme of the Trustor, th� Eook aad Page or poc�ent Nv. of thie Deed oP
<br /> Truat as recor�ted in said Regleter of Ueeds office. the legal description of the abave-deacribed
<br /> real estate and thsc s Dreach of an obligation, fur uhich said real eatate v�es conveyed a8 eecurit y� '
<br /> haa occurred;�and setting fort h the aature of such breach and the Truetee'e eleccion to aell the
<br /> resl eata[e to 9atiafy the obligation; aad after the lapse of not lesa than one �I) r�onth, the
<br /> Truatee shalci give written notice of the tise ond place of ssle vhich aay be betveea 9s00 a.m. �nd
<br /> S p.m. at t2ie•preaises. or at the Courthouse in th� Co�ty wherein such propert y is located, de-
<br /> sczibiag the property to be sold by its legeL de�criptlon. said notice to be publiahed in a neva-
<br /> paper of genetal circulaCion in the Cointy vf:ecein such prop erty is 2ocated. once o ceek fc�s fiee
<br /> (5) conaecv.tive weeks, the last publicatian to be at least ten, (10) days, but reot aore than Chixty
<br /> (30) daya, prlor to the aale; and the Trustee ehall thai �.a:tl said property at the tise and place
<br /> . desigaate@ ta ct�e nncl�e� ia ihe �satter prce•tded by 2as: iu affect at ci�r ticje csE £fIing safd notiee,
<br /> at publlc as:,ctlon to the highest bidder for cash and shall deliv;er to such purct:aser a deed ta the
<br /> property sb�d, conaistent vith the lav !rt effec[ ut the time.
<br /> llp�on.c�rceipt of peyment of the price bid. Srustee shall delivec to the purchaser. Trustee's
<br /> deed conveq3.�g t he propetty sold. Recitals !n the Trustee's deed ehall be priaa facie ovidence
<br /> of the tcuth of the statements made iherein. Trustee shall apply the proceeda of the sele in the �`"'�"""--
<br /> follwing order: (a) to all reasonahl.� ��sr_s s�e�± :��o�v ;,: ;,;� �,;ir, i�civaing �ut nat limieed '
<br /> t0, 1YUStee's fees of not erore than X of ttK groae sale price, reseonuble attorney fees
<br /> and ca�te o£ t!t le evidence; (b) to all eum3 secured by this Deed of Trust; �nd (c) the excrsa. if
<br /> any, to the person or persona legally entitled theseto. Ar�y per6on. inc2uding Beneficiary, nay
<br /> purchase said property at said sale.
<br /> The person conductlrtg the snle �ay, for any cauee he or she deer�s expedlent. postpone the sa.le
<br /> from time to ticee un[il !t shall be roapleted ana. in every �uch case, n��tice of postponecent shal2 �
<br /> be given by public dec2nration thereaf by such persan at the tin_ and plcice lus[ appointe� for the �
<br /> salr; provlded, !f thc sale 1s poatponc6 ior lonp,er tt�an onc fl) dt,V beyond the date desf�natrd 1n
<br /> the eoYice uf se�2e. hBC�fE� theeeof al�il br �iven ;n che Auae r..a�ner as thu ari�;ina] noticc• uf snlo.
<br /> �
<br /> 14. Re�edt�s tioe Exclttsive. Trustee �n�f Aer.eficlarv, arid ea:h nf tF.�:, Gh<�1] br enC1[2ed tu (Q
<br /> enforce pa��.ent and perfomanco of any lndeh[edriess{ or obl!&at.ion s�•cured iiereby nnd tn +xerri;e ���
<br /> a32 i'S.};hte u.�d p�vees ttndet• thia Dccd of 7rust oi �tnder nnc Io:u� tn�:trii^r•nt or :�thcr Jree•i•^t•nt oT *:
<br /> any ]HYR nuw on c�rcafter enfurced, notvithstartdiiit; su-.��• or nll ��t t��• 1r:d<�t�trdne�y �i,d <•!,IS,;,ittr:n-;
<br /> ��ecueed harehyvF�ich n�y-nuva- hei�after Ue e�the•nalse s�•iurc•_+, :,:��tt,cr },�. ._;�rr:•,e��•, ,�....+
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