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202107049
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8/17/2021 3:52:21 PM
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8/17/2021 3:52:19 PM
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DEEDS
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202107049
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292107049 <br />Section 4.05. Proceeds. Except as otherwise required under applicable law, the proceeds of any <br />sale made, and all sums recovered under this Article IV, together with all other sums held by Trustee or <br />Beneficiary under this Deed of Trust, shall be applied in the following order: <br />FIRST: To all costs and expenses incurred in connection with the exercise of the power <br />of sale, the sale or sales and any judicial proceedings, including, but not limited to, all Trustee's <br />and attorneys' fees and expenses actually incurred; <br />SECOND: To the payment of all sums owing under the Agreement and the Bond; <br />THIRD: To the payment of junior trust deeds, mortgages, or other lienholders; and <br />FOURTH: The remainder, if any, to the person or persons legally entitled thereto. <br />Section 4.06. Power To Purchase. Trustee, Beneficiary or its designee may purchase at any <br />sale or sales made under or by virtue of this Article IV. No recovery of any judgment by Beneficiary and <br />no levy of any execution under any judgment upon the Property or upon any other property of Borrower <br />shall affect, in any manner or to any extent, the lien of this Deed of Trust upon the Property, or any part <br />thereof, or any liens, rights, powers or remedies of Trustee or Beneficiary hereunder, but such liens, <br />rights, powers and remedies of Trustee and Beneficiary shall continue unimpaired as before. <br />Section 4.07. Possession. Notwithstanding the appointment of any receiver, liquidator or trustee <br />of Borrower, or of any of its property, or of the Property or any part thereof, Trustee and Beneficiary shall <br />be entitled to retain possession and control of all Property now or hereafter held under this Deed of Trust. <br />Section 4.08. Other Remedies. Beneficiary may elect to exercise any other remedies at law or <br />in equity. <br />Section 4.09. Beneficiary's Other Powers. Without affecting the liability of any other person <br />liable for the payment of any obligation herein mentioned, and without affecting the lien or charge of this <br />Deed of Trust upon any portion of the Property not then or theretofore released as security for the full <br />amount of all unpaid obligations, Beneficiary may, from time to time and without notice (a) release any <br />person so liable, (b) extend the maturity or alter any of the terms of any such obligations, (c) grant other <br />indulgences, (d) release or reconvey, or cause to be released or reconveyed, at any time at Beneficiary's <br />option any portion or all of the Property, and (e) make compromises or other arrangements with debtors in <br />relation thereto. <br />Section 4.10. Remedies Not Exclusive. No remedy or right in this Deed of Trust is intended to <br />be exclusive of any other remedy herein or by law provided, but each shall be cumulative and shall be in <br />addition to every other remedy given hereunder or now or hereafter existing at law or in equity or by <br />statute. No delay or omission of Trustee or Beneficiary in exercising any right or remedy contained in <br />this Deed of Trust shall be construed to be a waiver of any Event of Default or any acquiescence therein; <br />and every right and remedy given by this Deed of Trust to Trustee or Beneficiary may be exercised from <br />time to time as often as may be deemed expedient by Trustee or Beneficiary. If there exists additional <br />security for the performance of the obligations secured hereby, Beneficiary, at its sole option, and without <br />limiting or affecting any of the rights or remedies hereunder, may exercise any of the rights and remedies <br />to which it may be entitled hereunder, either concurrently with whatever rights it may have in connection <br />with such other security or in such order as it may determine. Nothing in this Deed of Trust shall affect <br />the obligation of Borrower to pay the amounts due or to become due under the Agreement and the Bond <br />in the manner and at the time and place therein expressed. <br />10 <br />
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