90104882 - Laserfiche WebLink

Browse

104882 A 1. This conveyance. is made upon end subject to the further trust that the said Trustor shell remain in quiet' a granted addescribed p oilass and take tia_p:ofIts thereof to t - - -: s _ his`` om use pnLrnEfI the dffauT_t�e �etTeT any pa�sn oFin iAsta -1 -C u� ae� s or In of my' of _the , or conditions contatreed therein or in. this Deed of Trust; and. also to secure the - rolailuralliis�t CV, '.;-'Denefietaryr•or any other holder of said note. the Trustee or any substitute trustf* of r any and all cost's and expenses incurred, including reasonable attorney's fees. an account of any litigation ? >lirich 'sty arise wtth" wuepset to this Inset or with respect to the indebtednest:ewid d.by said note. the protection and maintenance of the preparty hereinabove described or in obtaining possession of saidOropertY after any sale which my be made as harsieaftor provided. - - i; fipar .the- full payment of' the indebtedness evidenced by said note and the interest thereon, the oayesnt' of all. other sues herein provided for. the repayment of, all Sonia advanced or expended pursuant 40 said 'note •,or this entrant: and upon the payment of all other proper tests. charges. Fmissioa. and .expenses.• the sbnw described property shall be released and reconwyad to and at the cost of the Trustor. • , A. upon default in any df the' covwnants or conditions of this iastrument.or of the note or loan agreement seared hereby. the ganaflciary or his assigns easy without notice and without regard to the adWecy of security for the Indebtedness scoured, sitter personally or by attorney or agent without bringing My action or proceeding, or by a receiver to be appointed by the court.- enter upon and take possession of said property or 'any part thereof, and do any acts which Bsnaficlary daces proper to protect the security hereof. and either with or without taking possession of said prope rty. collect and receive the rents; . royalties, issues. and profits"theraof. including ants accrued and unpaid, and apply the saws~ less costs of i operation irnd collection. -upon the indebtedness sscursd'by this Dad of Trust. said rents. royalties. issues. and profits, being_ hereby asad. to : the 6enefWary as further sswrity for !ir payment of such Indebtedness. Exercise of rights under this paragraph shall not cure or weave any default arL notice of default hereunder or'iavalidete any act done pursuant to such.notics but shall be cumulative to any right and raft to declare a default and to cause notice of default to be recorded as hereinafter provided, and cumulative to any other right and/or remedy hereunder. or provided by law. and say be exercised concurrently or independently. Expenses incurred by Beneficiary hereunder Including reasonable attorney's fees shall be r._. secured hereby. , 4. The Trustor covenants and agrees that if he shall fail to pay said indebtedness, or any part thereof. when due, or shall fall to perform any covenant or agreement of this instrument or of the promissory note secured .hsrsby. the entire indebtedness hereby secured shall immediately become due, payable. and collectible. at the option of the Beneficiary or assigns. regardiess of maturity, and the Beneficiary or assigns may enter upon sold property and collect the rents and profits thereof. Upon such default in payment or perfoneam. •and before or after such entry. the Trustee. acting in the execution of this Trust after the notice of default has been recorded. shad mail a copy of the default to each person who is a party to this instrument. , at th(s address set out in this instrument, as well as to any person who has requested any notice of default and notice of sale by recording sold request for notice with the register of deeds in the county, in which this instrument is recorded, and after the lapse of time which is required by law after selling the notice, the Trustee shall have the power to sell said property, and it shall be the Trustee's duty to sell said property (and in .case of any default of any purchaser, to resell) at public auction, to the highest bidder, first giving five weeks' notice of the time. terms. and place of such sale. by adverttaaent not less than once during each of said five weeks in a newspaper published or distributed in the county or political subdivision in which sold property is situated, and written notice of sate shall be sailed to each person who is a party to this instrument at the address set forth herein, (and the Beneflcfary or any person on behalf of the Beneficiary may bid end purchase at such sale). Such sale will be held at a suitable place to be selected by the BenetWary within said county or political subdivision. The Trustee is hereby authorized to execute and deliver to the purchaser at such sale a sufficient conveyance of sold property, which conveyance shall contain reciteii as to the heppening of default upon which NN execution of the power of sale herein granted depends; and the said Trustor hereby constitutes and appoints the Trustee as his agent and attorney in fact to. make such rec.itali and to execute said conveyance and hereby covenants and agrees that the -recitals, to made shall be binding and conclusive upon the Trustor. and said conveyance shall be effectual to bar all equity or right of, redemption, homestead, dower. right of appraisement. and all other rights and —2— Y�. r� uts Ar-.. 1 i