|
t �
<br /> �� • ..r . .. .,...__.__�._. .
<br /> • ,
<br /> 0
<br /> � .
<br /> . .. . . • � 9�.�1►�.��� .
<br /> ' 14. DErAlJL'P.Trustar will I�e In default!f aay pariy obligated on the Secured Debt fails to makc pnyment vrhen due.Truator
<br /> wlll be in default if a breacb accurs under the remts of this Security lnstntment or s�ny csther document exccuted!'or ihe
<br /> purpose of creating, securing or guaraatying the Secured Debt. A ood 1'�ith belief by Heneficiiuy that Beneticinry ut any
<br /> time ie insecure witb respect to apy person or entity obUgated on�e Secured Debt ar t�nt the prospect ot nny pay�nent or ,
<br /> � the value of the Property ts impaired shall also constitute an event of default. �
<br /> 1S. ti�MLD1�.S UN DEFAUH.T. In some inatances, federei und state law wiii require Bcn�:lklsuy to providc Tnutor with
<br /> aotice of the right ta cure or other notIces and may escablish time schedules for foreclosure acttons. Sub�ect to these
<br /> „ limitations� if an , Heae�iciary may accelerate the Secured Debt and foreclose this Securiry Instniment �n a maaner
<br /> � `• provtded by law i�Truetor is In default.
<br /> _..,:-;._
<br /> � At the optlon of Beneflciary all or any put of the agrced fees and chatges. accrued iat�mat and prinaipul shall become '' ,�
<br /> ' lmmediately due und payable. after giving notice if requlred by law. upon the occurnnce of u default or unytIme ,
<br /> ' thereafter. Ia additlon,Be�neficisuy shail be entIded to atl We remedies provided by law. tha tvtms of tbe S�cured Debt. •`:L�,r,°
<br /> this Securtty lnsuvment and any related documents.including wtthout litnitatioa,the power to sell the Property. �_;�;-:
<br /> If there is a default, Trustee st�a11, in addition to any other permitted remedy,at themq uett of th�Benetic�ary,advertise r�-`�"A.-�
<br /> and seA We Propetry as s whole or In srp arate parcels at public auction to the highest bidder for cash and convey absolute t ,,c.r;.,:�.
<br /> title free and clear of all ri�ht, tide end intemst of Tn�or at such time and place as Trustee dealgnates. '1'ivst�shall Blvo ==�=``:.-
<br /> nattce of sale Including the dme,terms and piace of sale and a desr,riptlan of the property to be sold as required by the • �=�
<br /> • ; applicable law in effect at the time of the proposod sale. py,i;_
<br /> .. � �,�.—
<br /> Upoa ealu of the prope�tY and to the extenc not prohibited by law Trustre ahaii make azad dclivcr a deed to the Property
<br /> � sold which canveys absolute tltle ro the purchaser. and after first paying all fees, ebargea und costa, shall pay to —' Y�'_
<br /> :;;�., B�neflciary all moneys edvenced for repuics. taxes. insuraase. liens, assessments and prbr eacumbrances and incerest --��t�
<br /> ;e�;::•� '� thereon, awd the principal and �nterest on the Securcd Debt, paying the swplus, if aay,co Trusror. Bene43dary may
<br /> .:,r..:,
<br /> �,,:;;.s,4,,� •: � pucchese the Pmpercy.'!he recitals in aay deed of caaveyance ehall be pdma facie evidence of the facte set fortla therein. ����=
<br /> ,,..�.,:
<br /> ,,,•.,�,
<br /> All reraedies are discince, cwnulative And not exclus[ve,and the HeneHciary is entitled to eli ret oe�tl�p�ropad�t�oa the ��`
<br /> � �' " equity,whether or not expressly set forth.'Rie acceptance by aeneficlary of any sum in paymen P 3 -
<br /> Se�ured Debt after the balaace is due or is accelerated or ct�ter foreclosure pmceedings ere fileS shall not coastitute a
<br />
|