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<br />• �, :;�Ier�Yw
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<br />,,ti 'Year
<br />.: �rrtrrrrrrrrrrrrr�a_
<br />90-- 107298 �- --
<br />application of rents, lsttusm t.tr Nrrlfits, Tru"t:an rtr Beneficiary shall be
<br />entitled to exerellte every rltlht pruvidad tar lit tiny of the Loan Instraments
<br />or by law upon tx:currancw of tiny event of dafauit .., 1nuludinq the right to
<br />exercise the power of sales
<br />(b) Caitimenow an at:t.lun h► Iurer:lunn thlu I)ned of Trust as a mortgage,
<br />appoint a raceiver, or apoull'ically alttrq-04 ally of the Covenants hereof;
<br />(r.) Delivor to Truni.sa a written delrlat•ation of default and demand for
<br />sale, and a writtan tint ive al' /iN'nu!t ttt►d aletlii lnn to eauae Trustor's interest
<br />in the Trust Rotate to be "rile), which amt iwt Trontan shall cause to be duly
<br />Piled for record in the appropriate Official Recorda of the County in which
<br />the Trust Rotate ie 1110a1-ad,
<br />11. FORKWOURE BY JV)Q-14 of SALU, Hhou l d liono f l r. iary elect to
<br />foreclose by exercise of e hilitur tl alt+ herein nnntainod, Beneficiary shall
<br />notify Trustee and shall de111 /sill with Trustee this Uend of Trust and the+ Note
<br />and such receipts and evidence of ettpanditures trade and secured hereby as
<br />Trustee may require.
<br />(a) Upon receipt of much notice trnm liensflcinry, Trustee shall cause
<br />to be recorded, published and delivered lei Truster such Notice of Default and
<br />Notice of Sale as then required by law and by this Deed of Trust. Trustee
<br />shall, without demand on Trustor, after such time no may then be required by
<br />law and after recordation of such Notice of Default and after Notice of Sale
<br />having been given as required by law, mill the Trust Estate at the time and
<br />place of sale fixed by it In such Notice to Bale, either as a whole, or in
<br />separate lots or parcels or items as Trustee shall doom expedient, and in such
<br />order as it may determine, nt public auction Lo the highest bidder for cash,
<br />in lawful monoy of the United States, payable nt the time of sale. Trustee
<br />shall deliver to such purchaser or purchasers thereof, its good and sufficient
<br />deed or deeds, conveying the property so Hold. but without any covenant or
<br />warranty, express or Implied. The rocitals in such deed of any matters or
<br />facts shall be conclusive proof of the truthfulness thereof. Any persurt,
<br />including, without limitation, Trustor, Trustee, tttld lianeficiary, may purchase
<br />at such sale, and Trustor hereby covenants to warrant and defend the title of
<br />such purchaser or purchasers.
<br />(b) As may be permitted by law, after deducting all costa, fees,
<br />expenses of Trustee and of this 'rrust, including cotitm of evidence of title in
<br />connection with sale, Trustee shall apply the proceeds of sale to payment of
<br />(i) all sums expended under the terms hereof, not then ropaid, with accrued
<br />interest at 12 percent per annum, (ii) all other sums then necured hereby, and
<br />(iii) the remainder, if any. to the person or peruonu legally untitled
<br />thereto.
<br />(c) Trustee may, in the manner provided by law, postpone sale of all or
<br />any portion of the Trustee Estate.
<br />12. REMEDIES NOT EXCLUSIVE. Trustoo irrnd Hensficiary, and each of them,
<br />tyhall be entitled to enforce payment and performanrn of any lndebtudnesn or
<br />obligations secured hereby and to exercise all rightit and powerK under this
<br />Deed of Trust or under any Loan Instrument or t>thllr itgrttoment or any laws now
<br />or hereafter in force, notwithstanding some or nil •A the 1tut�h Indebtedness
<br />and obligations secured hereby may now or heroafter boa t+thorwioe necured,
<br />whether by mortgage, deed of trust, pledge, lion, tlseitlitment or otherwise.
<br />Neither the acceptance of this Deed of 'trust nor Its onforooment whether by
<br />court action or pursuant to the power of ttule or other 1►4iwora Wroin
<br />contained, shall prejudice or la any manner :tt font Trent ow' a mr HonNt is lary's
<br />right to realize upon or enforce any tither itovurity otlw or htoniettiter held fly
<br />Trustee or Beneficiary, it b-Lnq •rlrood that •rr•untleo ,mil boatel 10lary, and each
<br />of them, shall be entitled to enforce thin Doted of '1•r1w, and tiny other
<br />security now or hereafter held fey Henotit luny tu• '111,lllit.aa, In Ituch tlydor find
<br />manner as they or either of them may in t hotr rtbnolut t• 111 1, 1e•t Ilan ,te,tormine.
<br />No remedy herein conferred ,plod •)t• rottUl•v1•tl t n '1'rwit e,n • •t »,•11601 11'Ietl'y 1 11
<br />intended to bc% exclusive -)t try of her r•t•Inmiy hurt} 111 „r toy 1-ow 1a•, tv itiod fir
<br />permitted, but each shall re •"umulativet atiti 1111,111 file tit •LLi111-111 It► Ivory
<br />tither remedy ?Riven nerPurvit'r fir tlow of ht,l'I.Illtetl• I'Xlttl illtl .11 InW (1l• In e,gllily
<br />or by Statute. Every F.awer or remedy diver by .Illy ,11 tIl,• 1-,nn Inot rulmoilln to
<br />Trustee or Benef L•Z Lary )r to which v i t tior if t hinn 11111y I,I, , II hs#rw i 11/1 t }111 i t loo,
<br />may be exerci:3ed, 'an.currotitly or indrrpontil•nl iy, Ir,•n1 I Im6* t,1 t imw, and nit
<br />often as may be deomod oxpadient by Tr•wltul, ,w mmilwt 1,'I.u-y; •wtl I,Ithwr •11 ?Win
<br />may pursue inconn.Lutent remediem. Nothinll 11111'1,111 Mitt II 1•I, ,'•41r111 "1041 4N
<br />prohibitinq Beneficiary from no6►kintl t6 ,iet tt•tutlry Iv,luim -io a11a:111tt rno rrur11t1r
<br />to the extent such action In pnrmlttotl toy haw.
<br />13. RE USA F.ST FOR NO'1 IV _. Trtint or ho-to-by r1•,111vo -1 r, , ..1ty ..t .Illy mt rt 141m
<br />of default , find that any riot i I:o tit ltal 0 11611 "un"i"t Ito nia I „•.1 I . , I 61 Illy
<br />,addre as set forth in the t ►rut par+tgrnph oil t his Most) 1.1 .rrtll:t .
<br />Iii. (7UVERNING 1AW. Thin 1)emll 11f Tritnt rlh,ll 1 lies .p,v1 r lle,ll 1-y 1111• Inw.. „I
<br />the State (it Nm rau a. In thr ovlmt 111,11 .illy it •-I • 1 11 -.I 11,1i •-I II,.•
<br />Loan Instrumontu t:ont lietrl with applil:able I,Iwt:, ?1111'11 „111111.111 .41.611 II•,I
<br />�T'�j177nntivFrirnw
<br />,1`
<br />ri
<br />,
<br />z•
<br />u
<br />�
<br />,.7r
<br />,,ti 'Year
<br />.: �rrtrrrrrrrrrrrrr�a_
<br />90-- 107298 �- --
<br />application of rents, lsttusm t.tr Nrrlfits, Tru"t:an rtr Beneficiary shall be
<br />entitled to exerellte every rltlht pruvidad tar lit tiny of the Loan Instraments
<br />or by law upon tx:currancw of tiny event of dafauit .., 1nuludinq the right to
<br />exercise the power of sales
<br />(b) Caitimenow an at:t.lun h► Iurer:lunn thlu I)ned of Trust as a mortgage,
<br />appoint a raceiver, or apoull'ically alttrq-04 ally of the Covenants hereof;
<br />(r.) Delivor to Truni.sa a written delrlat•ation of default and demand for
<br />sale, and a writtan tint ive al' /iN'nu!t ttt►d aletlii lnn to eauae Trustor's interest
<br />in the Trust Rotate to be "rile), which amt iwt Trontan shall cause to be duly
<br />Piled for record in the appropriate Official Recorda of the County in which
<br />the Trust Rotate ie 1110a1-ad,
<br />11. FORKWOURE BY JV)Q-14 of SALU, Hhou l d liono f l r. iary elect to
<br />foreclose by exercise of e hilitur tl alt+ herein nnntainod, Beneficiary shall
<br />notify Trustee and shall de111 /sill with Trustee this Uend of Trust and the+ Note
<br />and such receipts and evidence of ettpanditures trade and secured hereby as
<br />Trustee may require.
<br />(a) Upon receipt of much notice trnm liensflcinry, Trustee shall cause
<br />to be recorded, published and delivered lei Truster such Notice of Default and
<br />Notice of Sale as then required by law and by this Deed of Trust. Trustee
<br />shall, without demand on Trustor, after such time no may then be required by
<br />law and after recordation of such Notice of Default and after Notice of Sale
<br />having been given as required by law, mill the Trust Estate at the time and
<br />place of sale fixed by it In such Notice to Bale, either as a whole, or in
<br />separate lots or parcels or items as Trustee shall doom expedient, and in such
<br />order as it may determine, nt public auction Lo the highest bidder for cash,
<br />in lawful monoy of the United States, payable nt the time of sale. Trustee
<br />shall deliver to such purchaser or purchasers thereof, its good and sufficient
<br />deed or deeds, conveying the property so Hold. but without any covenant or
<br />warranty, express or Implied. The rocitals in such deed of any matters or
<br />facts shall be conclusive proof of the truthfulness thereof. Any persurt,
<br />including, without limitation, Trustor, Trustee, tttld lianeficiary, may purchase
<br />at such sale, and Trustor hereby covenants to warrant and defend the title of
<br />such purchaser or purchasers.
<br />(b) As may be permitted by law, after deducting all costa, fees,
<br />expenses of Trustee and of this 'rrust, including cotitm of evidence of title in
<br />connection with sale, Trustee shall apply the proceeds of sale to payment of
<br />(i) all sums expended under the terms hereof, not then ropaid, with accrued
<br />interest at 12 percent per annum, (ii) all other sums then necured hereby, and
<br />(iii) the remainder, if any. to the person or peruonu legally untitled
<br />thereto.
<br />(c) Trustee may, in the manner provided by law, postpone sale of all or
<br />any portion of the Trustee Estate.
<br />12. REMEDIES NOT EXCLUSIVE. Trustoo irrnd Hensficiary, and each of them,
<br />tyhall be entitled to enforce payment and performanrn of any lndebtudnesn or
<br />obligations secured hereby and to exercise all rightit and powerK under this
<br />Deed of Trust or under any Loan Instrument or t>thllr itgrttoment or any laws now
<br />or hereafter in force, notwithstanding some or nil •A the 1tut�h Indebtedness
<br />and obligations secured hereby may now or heroafter boa t+thorwioe necured,
<br />whether by mortgage, deed of trust, pledge, lion, tlseitlitment or otherwise.
<br />Neither the acceptance of this Deed of 'trust nor Its onforooment whether by
<br />court action or pursuant to the power of ttule or other 1►4iwora Wroin
<br />contained, shall prejudice or la any manner :tt font Trent ow' a mr HonNt is lary's
<br />right to realize upon or enforce any tither itovurity otlw or htoniettiter held fly
<br />Trustee or Beneficiary, it b-Lnq •rlrood that •rr•untleo ,mil boatel 10lary, and each
<br />of them, shall be entitled to enforce thin Doted of '1•r1w, and tiny other
<br />security now or hereafter held fey Henotit luny tu• '111,lllit.aa, In Ituch tlydor find
<br />manner as they or either of them may in t hotr rtbnolut t• 111 1, 1e•t Ilan ,te,tormine.
<br />No remedy herein conferred ,plod •)t• rottUl•v1•tl t n '1'rwit e,n • •t »,•11601 11'Ietl'y 1 11
<br />intended to bc% exclusive -)t try of her r•t•Inmiy hurt} 111 „r toy 1-ow 1a•, tv itiod fir
<br />permitted, but each shall re •"umulativet atiti 1111,111 file tit •LLi111-111 It► Ivory
<br />tither remedy ?Riven nerPurvit'r fir tlow of ht,l'I.Illtetl• I'Xlttl illtl .11 InW (1l• In e,gllily
<br />or by Statute. Every F.awer or remedy diver by .Illy ,11 tIl,• 1-,nn Inot rulmoilln to
<br />Trustee or Benef L•Z Lary )r to which v i t tior if t hinn 11111y I,I, , II hs#rw i 11/1 t }111 i t loo,
<br />may be exerci:3ed, 'an.currotitly or indrrpontil•nl iy, Ir,•n1 I Im6* t,1 t imw, and nit
<br />often as may be deomod oxpadient by Tr•wltul, ,w mmilwt 1,'I.u-y; •wtl I,Ithwr •11 ?Win
<br />may pursue inconn.Lutent remediem. Nothinll 11111'1,111 Mitt II 1•I, ,'•41r111 "1041 4N
<br />prohibitinq Beneficiary from no6►kintl t6 ,iet tt•tutlry Iv,luim -io a11a:111tt rno rrur11t1r
<br />to the extent such action In pnrmlttotl toy haw.
<br />13. RE USA F.ST FOR NO'1 IV _. Trtint or ho-to-by r1•,111vo -1 r, , ..1ty ..t .Illy mt rt 141m
<br />of default , find that any riot i I:o tit ltal 0 11611 "un"i"t Ito nia I „•.1 I . , I 61 Illy
<br />,addre as set forth in the t ►rut par+tgrnph oil t his Most) 1.1 .rrtll:t .
<br />Iii. (7UVERNING 1AW. Thin 1)emll 11f Tritnt rlh,ll 1 lies .p,v1 r lle,ll 1-y 1111• Inw.. „I
<br />the State (it Nm rau a. In thr ovlmt 111,11 .illy it •-I • 1 11 -.I 11,1i •-I II,.•
<br />Loan Instrumontu t:ont lietrl with applil:able I,Iwt:, ?1111'11 „111111.111 .41.611 II•,I
<br />�T'�j177nntivFrirnw
<br />,1`
<br />
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