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10500 ;
<br />C V all or air part of the pinatg'or any interest of Tristars is sold,• transferred or farther encubered without the written cogent of - -
<br />' tie Beaefipiisr,•tie feaeficiary say_declue all flats secared.by thln Trust Deed to be imsedlately due and payable and proceed to the remedies
<br />aXailible Wit alder ile defult ptovislois contained herein.
<br />It Any of the following erects skill be dewed u erect of defaalt heieatder.
<br />�. Trtstafe alall :!pave Nita -to make Moat of al iastellseat of principal or interest of asy other sirs secured hereby when die; --
<br />_ y �.__ �..1,- wR- ...- -Awf�� o�wa..1� -an:� # —s 1 • n - loans � s-_ fl - .--. ., _
<br />tr- is tkis 1W. of Trut, tie Rote or uy otter Ion iartmitt sicced hereby;
<br />e. There iu kett a defaalt by tie Tractors it the payment of any prior or sabsequat IieR or encesbruce it respect to all or any part of
<br />the property;
<br />d. Trutors slap file a volintary petition is buiraptcy or shall be adjudicated Witrapt or insolvent, or shall take. aR assiguett for the
<br />- • beufit of creditors is respect_ to rte ptopertr or an avian t� edorce ,sty lanai or eteubiaece or jidgeieits agiitat the property is -- - - .—` -- - --
<br />comenced.
<br />Ill. It the eient'of say defaiElt, the Beneficiary say declare all indebtedness secured hereby to be die aid parable and -the sue !hall thereupon
<br />became die ad payable witkott any preseitmeat, demaid, protest or notice of. any Hid. Thereafter, the Beneficiary may.
<br />a. either it person or by agent, with or without bringing. any action or proceediig, or by receiver appointed by a coact ad without regard to the.
<br />-- adeuer of- ur-secuity, eiter'apoi sad take ptsseisiot of tke•projerty,or -any part-thoreof,- a' its- wean note- or- iaAe ,note -of the Trostee, :and,•
<br />do' sty acts slick it deers necessary and desiraxle to preserve the value, marie:abilsty or rentability of the property, or part thereof, or
<br />i.attreat tkereis, itcfease tie iicome therefrom cr protect the seen hereaa and,`aitkoat taking possession of the property* sae for or
<br />otlerwise collect tie rentm, issues aid profits thereof, including those past die aid unpaid, aid apply the sue,, less costs acrd eipeases of ,
<br />bperatiot and collection; iacluding attorney fees,, upon ling ilidebtediess secured hereby, all in Bach order as the Beneficiary ray determine. The
<br />ebteriag apot and taking possession of the tract estate, the collection of sa:R rents, issues and profits and application thereof as aforesaid
<br />.shall Rot cire'or wive say defaalt or• notice of- defaalt hereunder or invalidate am act aid in response to such Malt or pursuant to such
<br />notice of default and totviihitinding the contiaaance in possession of the property or the collection, receipt and application of rents, issues or
<br />profits, Trustee or the Beneficiary may be entitled to exercise every right provided for in any of the loan instratents or by law upon occurrence
<br />_ of any event of default, including the right to exercise the power of sale;
<br />W. coatence an action to foreclose this Deed of Trust as a mortgage,-appoint a receiver, or specifically enforce any of the covenants hereof;
<br />c. deliver to Trustee a written declaration of defialt'aid detand for sale, and a written notice of defaalt aid. election to cause Traitors'
<br />interest in the property to be sold, which notice Trustee shall cause to be duly filed for record in the official records of the county in which
<br />the property is located.
<br />IL Should the Beneficiary elect to foreclose by exercise of the power of sale herein contained, the Beneficiary shall notify Trustee and shall
<br />deposit Wilk Trustee this Deed of Trost and the note wed snob receipts and evidence oY expenditures tads and secured hereby as Trustee say require,
<br />and upon request of the Beneficiary, the Trustee shall cause to be recorded, published and delivered to Trustor such Notice of Default and Notice of
<br />Bale as then required by law and by ibis Deed of Trust. frastee shall without demaid on Trastor, after such time as lay thep be repaired by law and
<br />after recordation Of each Notice of Default and after Notice pf Ssle having been given as required by lax, sell the property at the time and place of (..
<br />sale fired by it in such Rotice of Sale, either as a whole, or in separate lots or parcels cr items as Trustee shall deem expedieRt,•and ia"sach order
<br />as it may deteraine, at pabiic auction to the bighest bidder for cash and shall deliver to Bach purchaser or Darchisers thereof a deed to the property 1
<br />sold, consistent with the lay then in effect. Recitals in the Trustee's deed shall be prisa facie evidence of the truth of the ststemeats Lade
<br />therein. Trustee shall apply the proceeds of the sale in the following order: (a) to all reasonable costs and expenses of the sale, including bat not
<br />limited to Trustee's fees of not tore than 21 of the gross sale price, reasonable attorney fees and casts of title evidence; (b( to all eats secured
<br />by thaw Deed of Trust; and (cl the excess, if any, to the person or persons legally ntitled thereto. Any person, including the Meficisry, lay
<br />purchase said property at said isle. Trustee saj in the osuner provided by law, resipone sale of all or any portion of the property.
<br />13 Trustee aid the Beneficiary, aid each of thee, shill be entitled to enforce psysent and perfonasce of au indebtedr.es9 cr obligation seccred
<br />hereby and to exercise all rights and powers under this Deed of Trust or 5nder any loan itstr•,neet or otter weeser:t or any laws : -Ir or hereafter
<br />enforced notwithstaiding seas or all of the indebtedness and obliaatioas secured hereby w)i6 cay raw or hereafter be otherwise seccred, whether by
<br />mortgage, deed of trust, pledge, lien., assignment or otherwise. NFither the acne `a_:e of this Deed of frest nor ins er.forceient, whether by court
<br />action or pursuant to the power of sale or other Covers herein contained, shill pre: iuce or in any ranter "affect t'rustee's or tr:e ?!neficiary's right
<br />to realize upon or enforce any other secsr:'y now or hereafter held by Trustee or t'_e Beneficiary, it being axreed that Trustee and the.Eeaaficiary,
<br />and eace of thes, shall be entitled to enforce this Decd of Trust and •:y other se-:r:ty cow or hereafter bell by the Beneficiary or SrcStee In Bach
<br />order and manner as they say in their absolute discretion. detersine. No resedy t:,! ?: conferred ucon c•r reserv_d to Trustee or Eeneficiary is
<br />intended to be exclusive of any other resedy terein or by iay provided or pereittea, nut each shall be cuaulative and stall b^ in addition t- every
<br />other resedy given hereunder or now or hereafter existing at lav'or Praity or by statute, Every Dower or resedy given by any of the loan instrulents
<br />to Trustee or the Beneficiary or to which either of then say be otherwise entitled ray be exercised. cUt':urrently ar irdefer.dently, from tine to tine
<br />oral as often as ray be deemed expedient by Trustee or Beneficiay, and either of tter ray ;�rsue rrteJies. Nathlrg h ?rein shall be
<br />construed as prohibiting the Beneficiary from siegipg : =- ficipncy jcdgesert sIa --` ' -,vora to ti!e extent rich a:ticn is pere:tied ay law.
<br />II. Yrustors hereby request a copy of aiy notice c.' ;':fault a ^d tt9t any rat::= :r Sale r,recndpr ne sailet to Tr�stors a', tre address s fortn
<br />in the first paragraph of this Deed of Truat.
<br />It. The Beneficiary ray, by a written iistralent 2xer-ited and a'R:-wlPd ;ed Dy i':iary, Balled t:, ir. tr.rs ar# rec'nie•, in t ^e C',U^ti it
<br />which the property is located and by "th?rwfSe eeeplyiry w1't t!, �rC:iB: ^r9 Of the .�j�llr ;tt,i• low or t1e Sta'c';F Nenrukt, sabo- fit .ta a FaCC•?5Sor to
<br />the Trustee sated F.erein or erring tereinder.
<br />16. This DA of Trait applies to atd i.iurez t; tr:e e..efit J' a"i x17113 r.lj i . "•'`? 4nr" ?5. 11C1r `eir^, : ^rs01a� r- m-n".".tatiw:•s, F•; c'is9.'F
<br />9n? 4;Ogig, Tnp tPra'Eereficiary' shall mean the owner atj taller of the rote, whetter ar sot eared as eetefi.c!ary - Erein.
<br />11. Vithout affecting th liability of -try J4, -r ,;arc , lia]le f,r `V.11. s�o :I n °y, 7; is +": rP:' C'. 7. . , 1r "e `.'1, ?' li'r
<br />UL i`afge C[ ta16 LFP3 of Tr ;it GjOC a "y jcrltBC it` t.`'. ;r.1p__.J cot U Cr
<br />nbli2atia79. the Zeceficisry Rai• Irab rile to. t:l::ad Yttiie-'t Lit}CC _(a) r ?!^15' 1 ^_f 5:% or '1iI' 1 "_1
<br />t "ris Of asy SUC7 0bit'1.Ia.:; �G .grist OtCer icQ 1 r�C:'S: Ftij L�ieQ9S :r Le'cr,Yr c °�i rerr', rli:' irr :s� ,FPi n f 9i; •,j
<br />property; (e) t1k or relensC any oth''r or 1J1J1`' .1 s r t" .4: .. -ter,• r r ,
<br />e ' a I EC1ri`y f9 any � i;Qa' " "t` ! •d: (f 3 F93•' :,�:SIt10 S '• "•`t' ".'�P:;. ",rc
<br />with (mars it relatio'. tneref,i-
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