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- 1
<br />89= 101000
<br />(b) There has occurred a breach of or default under any
<br />term, covenant, agreement, condition, provision, representation
<br />or warranty contained in this Deed of Trust, the note or any
<br />other loan instrument secured hereby;
<br />(c) There has been a default, by the Trustor in the payment
<br />df any prior or subsequent line or encumbrance in respect to
<br />all or any part of the property;
<br />` petit T rustar sha l c lt:n in bankruptcy
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<br />shall. maw s� ass ^first : ' t4 use °, �t �f +editors in re-
<br />or V
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<br />sped to era3et =e env lien or encum- .;
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<br />bid ~�eud5 =r►ts ;gaa„t tha nty, is'cortr^ =iced.
<br />dCCe]eT,t' :'l ciar► f�ref�ult. Tr '`t :. �i t• of any' defac
<br />declare a12 ir�dks� sec�;r . hereby to' be ; a and payable; `- end the same sss
<br />-,:-,:thereupon beco;,ie : _ ' and' payi; 16 :without any . pi- asentment, demo i64`:grotest or notice
<br />of any kind. Th?r t x > :'- Beneficiary ma,, y
<br />f,•a i °t CST in person 'e bl :'1ages-rt,r with tai ,L <ithout %bringinoi.
<br />•` any ac }.i1 'dr ` proceed :'r cLt, Eby recp; .vrer ar r - Inted by ,:'a court
<br />-- an u. i t'r'out regard tom; .'a quacy 4' -gin.. °purity, ,enter upon*:.'
<br />p :, ti-...
<br />'R E e!'Fy: pert ' thereof,
<br />„p�3perty,
<br />bw.-i •natta ar -i ",ot the Trus ,inn di:, any acts
<br />!C.. ., r r vr*siiab a to. <• P rue •.lr' va}.Yst?:.. market-
<br />abi'. it yy .or rc-n. ' b:� t.) .. of the .property`, �oz pmt ',t,� �Qreof `oc inter-
<br />:. est therein, nr_-ci, s she income therefrom or 1�4_qt:ect the security
<br />hereof and, it -cwt taking possession of the .property, sue for
<br />or otherwise collect the rents, issues and profits thereof, in-
<br />cluding those past due and unpaid, and apply the same, less costs
<br />and expenses of operation and collection, including attorney
<br />fees, upon any indebtedness secured hereby, all in such order
<br />as Beneficiary may determine. The entering upon and taking pos-
<br />session of the trust estate, the collection of sudh rents, issues
<br />and profits and application thereof as aforesaid shall not cure
<br />or waive any default or notice of default hereunder or invalidate
<br />any act and in response to such default or pursuant to such notice
<br />of default and, notwithstanding the continuance in possessia.-)
<br />of the property or the collection, receipt and application of
<br />rents, issues or profits, Trustee or Beneficiary may be entitled
<br />to exercise every right provided for in any of the loan instru-
<br />ments or by law upon occurence of any event of default, including
<br />the right to exercise the power of sale;
<br />(b) commence an action to foreclose this Deed of Trust
<br />as a mortgage, appoint a receiver, rjr specifically enforce any
<br />of the covenants hereof;
<br />(L) deliver to T:,.; tees a written declaration of default
<br />and demand for sale, arct a rritten notice of default and electian
<br />to cause Trustoe's interest 4.n the property to be sold, which
<br />notice Trustee s'nal:: cause to be duly filed for record in the
<br />official records of the county in which the property is located.
<br />12. Foreclosure by Power of Sale. Should Beneficiary elect to foreclose by
<br />exercise of the power of sale herein contained, Benofi.riary shall notify Trustee
<br />and shall deposit with Trustee this Deed of Trust and the note and such receipts
<br />and evidence of expenditures made and secured hereby as. Trustee may require, and
<br />upon, request of the Beneficiary, the Trustee shall file for record, in tie CC u: -ity
<br />where the property is• located, a rctice of default, setting forth the r.smp of the
<br />Trustor, the Frc:< and. Page or Document:. Ain,, of this Deeo •of Trust as recnr,ted in the
<br />County, the led;Al description of the dest:r!bed real estate and that a breach
<br />of an obliga.t,.'z:n, for which sawed zeal .estate u,a ' conveyed as security, has occurred,
<br />and setting forth the nature G;' i r breach aed' the Trustee's election to sell the
<br />real estate to satisfy the obliyaL in '' shall rrdil LUPIL -b of st,ch flu ice in the
<br />manner prescribed by applicable law to Trustor and to such other persons prescribed
<br />by applicable law. After the lapse of such time as may be required by applicable
<br />law, the Trustee shall give written notice of the time and place of sale to the per-
<br />sons and in the manner prescribed by applicable law, dt?scribinq the property to be
<br />sold by its legal description, said notice also to tie published in a newspaper of
<br />general circulation in the County wherein suth property is located, at the times
<br />and in the faRhion renuirgri by applicable lair; air d they Tru! -tee shall then sell said
<br />orin -j: -ray at the time and -place designated in +.hr. 110tiLL, in the iwin►,er provirlpd by
<br />:.aj Z'n offr'±rt, at !_t,a timr -, ^i 'Filing tt.rl ru)t i[.t', a' rjublir •!!1('.')( n to tt u +duh1' =i
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