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89100858
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Last modified
10/19/2011 6:04:29 PM
Creation date
10/20/2005 9:17:05 PM
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DEEDS
Inst Number
89100858
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s <br />�L <br />L <br />89- 100858 <br />inspecting the same and for the purpose of performing any of the <br />acts it is authorized to perform under the terms of any of the <br />Loan Instruments. <br />10. Bvents of Default. Any of the following events shall <br />be deemed event of default hereunder: <br />(a). Trustor shall have failed to make payment of any sum <br />secured.:heresy when due within ten (10) days of Trustor's receipt <br />Of a wiitten notice of such non - payment from Beneficiary or <br />Trustee; or - <br />(b) �Trustor shall have :failed to perofrm any coverLint on <br />it., n part ..o be Performed herermdar,. <br />or <br />(c) An Event of Default• (•r "�; and as defined in the Loan <br />Agreemiat) shall have occurred' <br />11.. AcceLeratioaa Upon Default, Additional Remedies. At any <br />time after the Heuer- ficiary declares <br />any portion of the <br />Obligations ic be d . &nd payable following the occurrence <br />F <br />of an <br />Event of Default.,- the . Senefieia.ry may: <br />(a1 Either in person or by agent, with or without bringing <br />any action or proceeding, or by a <br />receiver appointed by a court <br />and without regard to the adequacy of its security, enter upon <br />and take possession of the'Trust Estate, or any part thereof, in <br />its <br />own name or in the name of Trustee, and do any acts which it <br />deems <br />necessary or desirable to preserve the value, marketability <br />or rentability of the trust Estate, <br />or part thereof or interest <br />therein, increase the income therefrom or protect the security <br />hereof <br />and, with or wi tl�ou.t taking possession of the Trust <br />Estate, sue for <br />or ctha%rwise collect the rents,.' issues and <br />profits thereof, including those past due <br />and unpaid, and apply <br />the same, less costs and expenses of operation and collection, <br />Including attorney's fees, <br />upon any indebtedness secured hereby, <br />all in such order as Beneficiary may determine. The <br />entering <br />upon and taking Possess-Ion of the Trust Estate, ' the collection of <br />such rents, issues and profits and the application thereof as <br />aforesaid, shall not <br />cure or waive any default or notice of <br />default hereunder or invalidate any act done in <br />s" <br />response to such <br />default or pursuant to such notice of default and, notwith- <br />6tanding the <br />ccntihuance in possession of diLe Trust Estate or the <br />collection, receipt and application <br />of. Yenta, issues or profits, <br />Trustee or Beneficiacyr shall be entitled to exercise every right <br />provided for in any of the Loan Instruments or by law upon <br />occurrence <br />of any event of default, including the right to <br />exercise the <br />power of sale; <br />(b) Commence an action to foreclose this Deed of Trust as a <br />mortgage, appoint a <br />receiver, or specifically enforce any of the <br />covenants hereof; <br />-5- <br />n ' <br />
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