|
_:`� :c.�;.'i,a�:�•`^ °:..v_c_��ar�::�
<br /> _� `l: c � �- - ' .t _ . .. — . . - y-
<br /> �_ .�_ Y' c&' 't
<br /> i � �r f- �. � .: , . � .. ..s c-,- • 4 .� ' �t_ ` Z t- .,� -
<br /> t S� . - ; a i . .. S -�
<br /> 1 `�'-�--a�`��.-e--.-..,--'� '�-> -.^F.--� — r z'1 -x ` "` z . - '�-.'-'-C 4 .c`_ �cZ . `r '
<br /> . _-s, -< d . . . .�-� • . • t . ..y -. �T - � ' � r
<br /> y__ 3r w e . i � �`�"
<br /> - ' . _ � � l7Fr . . . �- 1! rf'f , ?�" ��� ..Tf . 'f� - . ` _ .,J � . .4 t . �.
<br /> tf�.f.2� - - z.. t� ���".�. _�.f�<-d-," -- '- -`-� �4� �_.;..3'-r=i..r'.' � �:_._y-�s�.c:�.-_.._.,.....,s..=r.�f'•. -�<_ . i...:•Y �..,,, .-.
<br /> -4c•' � �J .c�gt�`
<br /> ,i8+< `� nS,P.�
<br /> __-- <`C. _ -_i'-= � . •1:.�_�:_���
<br /> _ / `S' 'F� ' .
<br /> s' beoome secntea hY the lien heieot The B�aazY sMa11 no incnr ai►Y ZiabilitY b��auything it may do or omit to do
<br /> r r �c 1`
<br /> �_' r:�,::.
<br /> _ _^ � � L�r...Jw�. ���C[^u'_..
<br /> ivacuuuca
<br /> � _; .` � 7. The Beaeficra�y s6at1 have the right,poaer and a�uhoritY�aaiu8 the oo�inaance of this Dced of Trnst to wllect We re�ts. � ,�
<br /> _,'�< : ; _ '� � � .: :�;• issues and pmf ts of the pmgerty aud of anY P��P�Y located thereon with or wiWout ta�g possession af the pmgeny i < : .�;� "
<br /> � � -` � h° affected herebY•and Trnssors hereby absohrtelY and uaoun�ianal�Y assiSY►all snch�nts.issues and p:ofus to the beae@ciary. The < : �.�:
<br /> na
<br /> �'� ' `� ' 6eueficiaty.6a�s��er.he�by constnts w Tiustois'oollection aad retention of snch:ems.issues and pmfits,so tong as Tmstors are � �` ;
<br /> r : .
<br /> ��2' � . ' . no�.at sncb time.in defautt aiih�w payment of any iadehtedness ssauetl he�neby.or in the perfnmiance of atry ag�eemeat � �.-�__`::;
<br /> �•:= "<�' ".
<br /> �� �n r. If as►y eveu!of deFdnh d�he[e2Re[in teSped tn ttus Deed of T�s[sha11 have ooCarted and be c�oatim�ing.the � ` � �. ,.
<br /> �� . =t _
<br /> � " `_: Beneficiary.as a mauer of right and ivithwsi nodce to Trastors or am�oTCe ciaiming unda Tnstors.and without regazd to tLe value of :
<br /> �.� '..
<br /> n to int a �
<br /> t<:= �� the tmst estate or the ieterest at the Tr�stors tLeiein.sba11 have the rigt�t to apply W any coti�t havinS]��� aPP° , �•_ ,
<br /> �..
<br /> ��:��. ,.` . recein�er of the pmge�ty-
<br /> --, .-�� � ..�`. �• Ttre Beu�c�y.ar its ageats,are a�tho�ized w enier at any se�onable uime apon or in any pazt of the propetty for the ;,� .
<br /> _"#��.- - -- �g e�e 9g•-a s�e C t i n@ the same and for ttie pa�pose of�erfotmmg anY of the acts�e9 aze auihorized to pe�utm nndec We terms of '
<br /> s � aay toan inSUnments�1+Y Ttustors. � �.
<br /> , , = 9. if all or a�part of the pmperty or any interest of Tnutors is sotd.uansferced or fnrther�wm��vithout the�vritten c-� r,:
<br /> ',� _'.c. r:�. deciare all snlus sewred by this Tn�t Deed Io be'tmmedi2tely due and payable and '.. •.�.::
<br /> ;: r'. .`r�; . . . ,: consent of the BeQeScia�Y.We Beneficiary maY
<br /> �`� . • psaoeed to the remedies availabte w it under the defautt pmvisions ount�ned hereia , ' v=_ :
<br /> � � �;: _
<br /> 10. A�of tbe follawing evenis sbap be dcemed an event of defanit hereander• � h
<br /> ``• �" ` ��' to m2ke ment auy incraltme.n of PtinciPal or i�etest or any other��herehY�vteen - �.
<br /> °., ��.; .. � a Tmstors s2iall have failed pa9 of ';-_.
<br /> ��:: .�t.., ;;: �; -;�
<br /> - �•-�.r. `�� b. There has oa�a b�sh of or default aader any te�m. oovenan�agreeme�t. oondition. Pmvision, rePt�s�►tation or `.,_ ;,.,,��
<br /> , te�m.
<br /> � � ,� � . „_
<br /> . �`-` �vamanry comained'm this Deed of Tmst,the note ar auy oiher tnan mstiameut�hereby; ,.
<br /> ;=�• � � - ��`�`' c. There has beea a defanit by the Tmsto�s in the payu�ent of aay prior or sabseqn�t lien ar eacnmbiance ia respe�x to all or any s. '
<br /> � �.,: ,, < ,:
<br /> .��. : ,. patt oftiie prapeny:
<br /> �_ ` 4 d Tmstors shall fle a voluntary petiaon in bantwPUY or shail be adjadicated banlauPt or insoheut, or shall make an � ,�., ,�
<br /> :� . ass's�uaend for the beae6i of ce�ditois in resped w the psoperty;or an acaon to eaforce any lien os encambrance ar judg�ments .
<br /> ,`ss. . , . �:r•`:`, - �c`
<br /> ; ' .i#` ' :'.:.,�,`.k:� againstlhePmpe�t9iswauaenoed. ,: '�;:_�
<br /> declate ail indebtedness searred hereb9 to be dae and payable and the same : '�:
<br /> °. = �" .' • 11. In the event of any defanit.the Beaeficiary map " - -':
<br /> - .<?' � �`•. �.�.6 sha11 therenpon becorae due and payaMe�vithout any presenw�e�t.d�d Protest or aotioe oT a�Idad. Theresfter,the Eme�ci�Y _- ��::';
<br /> 4 t .l �
<br /> -f:: - �r._i� `-
<br /> � ' �`' � with or withmrt btinging anY action or proaeeding,or lry ieoeiver appointed by a ca�t and `,�� .
<br /> a. it6er in pe�san or by agent. y
<br /> ' . �Y"`'`:� cvithmrt tegacd to tlte a�dequas.7'of attY��7'•eater upon and talse posse�ion of the property.or aay pait theseo�in its ame �';� _
<br /> ; .`,L _��' . .r ,--
<br /> . ,:,�.'.> :` •. mame os in the name of the Trastee, and do any aps which it dcems ne�sat9 aad desuab2e w praseive We vah� '� ;;;;..,
<br /> • t '<`- , . • °"� �ric�bilit�,or�entabititp of the property,or part the��or inte�est therein.in�se the income t6erefrom or pmtect tbe , ,��•:.
<br /> � }�.,2 .. ilit3 ne sae for or othenhse wllect the reats.issaes and prnfits thereo� '��.,. '
<br /> • securiry hereof and.witho�takinS Possession af the pmpeny,
<br /> .`,, � , " ' in�loding those past dne and tmpafd,and apply We same, iess oosts and ercpenses of op�tion and oollection,inctuding
<br /> F : `< I �
<br /> . '�; atto m e y fees.W wn anY indebtedness secured herebY.all w such order as the Beadc'ra�y may detem�ine. The enteriag upon x
<br /> ��,.a;._: '. ,
<br /> � ;, ' • and t�king pussession of the uwt estate.ttu collectioa of such:eats,issues and pro6ts and applicarion thereaf as aforesaid
<br /> ��,�z,.... '� � :ti: ...:�.
<br /> �,�,.,_?��'.� shaU aot care or waive any defantt or aotice of default he�eamder or imalidat�anY act and ia�thetuolleclion,reoa�-pt ', � _.
<br /> :,.�:;. . . � , - _ puisuurt to such notioe of default and«otwithstandin8 the w�inuance in po�sion of the property
<br /> ;',+. . . and aPPlicaiion of rents.issaes or�ro5ts.Tr¢stee or the Benefsciary may be entitted to exercise eveiY Agh1 Provided for ia any .
<br /> �. �;^-�, �•' n acc�meace of azry e�ent of defanl�inch�ding We rigM to exercise the poaer of sate: . ...
<br /> _�, ::: , .,_�• . of ihe Ioan instrumcnts or by law opo
<br /> ?���,_ �• , " D. commeace aa actiou to furac2ose this Dced of Trost as a mortgage. appaiat a receiver.or specifie�Up enfo�ce any of the ;� .,. �:-
<br /> ° . oaveaaats heieoF
<br /> �'.�•;,'..� :�., ' •. '.:.• '::',� c. detiver to Tmst�a written decta�oa of ddantt and demand for sale.and nrtitten notice oY defaWt and election to puse . __
<br /> -�.;���,� : .. . � =� �� Tcastors'i�eres�t in the property to be so2d which aoace Tmstee shaU puse to be dnty filed for zeeord in the off cial reoords .
<br /> �' � �"� of the arnmty in trhicL the propetty is tacated. .
<br /> •..�.,.;•;.� . . . . . 1Z. Shontd the Benehciary'elect to foreclase by exercise of the power of sate hercic�cantained.ilu Bendicaa�y sdall notify Tmstee ,
<br /> .'����;r;� � - aud sAall deposit �vith Tzustce this Deed of Tn�st and the note and such reoeipts and evideaae of expendimres made and sec�ed
<br /> `:�Sx''�,• . ... herebY as Tnutoe maY requiie.and upon reqaest ot the Beneficiary.the Trustee shall cause to be reoorded.publislued and delivered . ..
<br /> � "``� ,, to Trustor such Notice of Defautt and Notice of Sale as then requitrd by laa and by this Deed of Tmst.Tnutee sball without demat�d ,
<br /> ��''-r�� ' � � � - la�v and aRer recordation of such Notioe of Default and after Nouce of Sale . � .
<br /> - ` ', on 7'nutor.after sncb ume as may then be roquired by . _,. ,�
<br /> . .:,�s.
<br /> _ . , . having be¢u given as requir�ed!ry latr•. sell the propercy at the time�and plate of saie 6xed lry it in such Notice of Sale.either as a
<br /> `:.�.,,;~'.�, .. , ivhole.or in separate lots or parcels or items as Tnutee sha11 dcrm�ediem. and in such order as it may determine. at public
<br /> j•.:.•�.. . auct�on to the highest bi�ider for cash and sha11 delir•er to such pwchaser ar pnrcfiasers themof a deed to the propwrty sold coasistenl •-:Y
<br /> �.`?:� '' � ��ith thc!aa•then in eftect Recrtals�n the Tn�.stec's dced shall be prima facic c�idenx of thc wth of the statemcnis made lherein. . .
<br /> t:._;.
<br /> � r•• �' .. Trustce shall apply the proca,ds of the sale�n the follo�v�ng order(a)to all reasonable costs aied expenses of the sate.mtluding but �
<br /> �,: .,��" � _ � , ' noi lytwted ro Tnutee's fees of not more than 2%of the gross sate pncc.n�sonable attorncy fces and costs of titic e��idertoe;(b)to all
<br /> ,���'�;. . sums securcd by tltis Dced of Tnist: and(c) the excess. d any. to the person or persans legalYy cntitled thereto. My�son. .
<br /> :��`�.:: �:� � � inctuding ihe Bene&c�ary.may purcl�ase said property at said sate. Tn�stee may in the maaQer pravided lry la�v.postpoae sale of all . .
<br /> .-;:-�=-- • -
<br /> ' � • �• ' or any port�on of the property
<br /> �:���,,'', . � '� 13 Tn�stee and the Beneficial7.and each of them.shall be enutled to enfarce papment and pertorn�ance of at►y indebtedness or
<br /> ;!� a-� .
<br /> :�,�` ;.• obl�gauon secured hereb� and to c�cetcsse a11 nghts and pow�Crs under ihis D,�of Ttust or nnder arry• loan instrument or olhet
<br /> �_., ' ' ' . j agrcement or am laws nor or hercafter enforccA nonr�tl�landmg somc or all of the indebtedness and obligaiions sec�ucd herebp
<br /> - � �chuh ma} nou or hereatter be othern�se socured. ��hether by mortgage. da� of irust. pledge. Iten. assignmen� or ot Aernise. . .
<br /> E'..f.� • � � � Neither the acccptance of th�s Deed of Tnut nor its enforcement.�Yhether b}court act:on or pursuant to the pouer of sate or other ..
<br /> x • , .
<br /> .s:;°••::'� .� poicers herc�n conta�ned. sha11 pre)udice or m am�manner afTect Tnistce's or the Benefcc�an�'s nght to reaLze upon or enforce any
<br /> ;:. .; , olher sccunty� nou or hereafter held br Tr�tee or the Beneflc�an. u being agreed that Tn�stce and the Benefician�. and each of �
<br /> �"���•-'-� - them.shalt be enntfed to enforce th�s Decd of Trust and an}�other secunn no�s or hereaRer held b} the Benefic�an or Tmstce m :
<br /> ''.z;,.':_ . i such ordcr and manner as thc} ma}'m their absolute discrenon dctcrmm� No remah herein�ronferred upon or resenti:d to Tntstee j
<br /> �.-9.� , ' � � or Benefi�ars n mtended to be e!cclusice of am•ather remed}�herein or b}� la« pro�Yded or pemntted.but u�ch shali be cumulutn�e •
<br /> ' ! :� �� � hall be in add�tion ro e�en�other rcmcd}� Ya��en hereund�r or no« or hercafter cr�stmg at la�� or cqum or trr statutc. E�•cry� .
<br /> ...�5 s . .
<br /> .� . � �. � � . pot�cr or rcir.ed� e�cen b� am oi the loan instruments to Trustee or the Bencfictian or to«huh cuhcr of them ma}�bc otherntse . .
<br /> • " � • cnhtled nu�� be e�er��sed. concurresU} or indepcndcmt�. from timc to time and as ofiea as m:n be deemcd e�pcdicni i»Trust�:ot
<br /> - � �• • r __N ...�.w.:;r.�.w�: ..�. „��n�.-�nrnnactent remedtes tiothmK herein shal!be conswed as prohibiting the B:nefician
<br />� .-^*� �- � v::tr..tt�i.4i. ... .,. . .'-.. r . - - .
<br /> � � � � from scekmK.�Qcfiucnc��i�demcnt ag�inst Trustors to thc c�tent such:uuon is penmttcd b� la�s
<br /> •�:� ;. ' ' . •
<br /> :r'•.�:' • .
<br /> . '. ��� •
<br /> -r� 1 - .+' 1�•�. 4.. . -1_ _ . `4� .
<br /> �� . - _.. .,. J� � . �.. ' .. .. •... . . ',.I� .. ... . ' . .: . .. . � �i1 . .. .. . . . . . . ��f� � .. . .., ..1 .. . . . . .
<br /> .�! i} .)N `�
<br />
|