|
.. . _ . . . . ,
<br /> ,ti. _.:..�. . .,�:.. ..._, . � ;:�,,,:.t�...�._._.r_.._ .._ . . , _�� � sx.�
<br /> .�... _ ... _ _ _ _ __ ____ ,
<br /> _ �.� . -. . -� _ .._ . `- � . '�\� - -�+.' �� . • . . . _. ��.� - _ -
<br /> � . �� , . � -
<br /> - - � , -.:�:. _
<br /> __._ . r
<br /> , , . . �
<br /> �_:
<br /> _,___._ . �- � � Yc._ -��.; -_-___=-
<br /> .� � ��
<br /> �
<br /> � - -
<br /> , .- , ���' �V��n��t� - -- - ._
<br /> i .. - °_ =,;-_=-
<br /> _.-�;�:
<br />' ,�:_
<br /> , + � _. _ __ -
<br /> -= --- - -.----? aN Tru��oz i:. not �� 9uch t±mE� in c7.,f.��u1.t witY► roopac� �o �ayn�Pn� o� �ny �--- -_'----_ -- -
<br /> . - � indobted���a aQCUred heroby ar in �he p�:Eormance ef reny �tgr�emont hero- ! . :.-- - --.-.-
<br /> undor. U�on A�iy such d�fAUl�, I�eneficiArX m�y a� mnX t:ima, csi.�her in
<br /> -
<br /> persc�n, by Agon�, or by receiver tc� be appoi.nted by a caur�, �uithou� na�ica i,.. _
<br /> . and wiehou� rog�ard tio tha adc�quacy o� any securi�y Pa� the ind�btodnc:9�
<br /> . � hc�xeby soaured (�) en�a�- upon and tako �098�80�.OI'1 aF tho Proparty or any
<br /> ;' part thc�reoE and in i�a own namo �uc� for or o�herwiae OQJ��Q4`� such renta, ,
<br /> ia�u�s and proEits, including tha�s paat duc� and unpa�d, und A�p1y thp � ' ,
<br /> sam�, less coet� ai�d Qxponaes af aperation and call�atian, including �
<br /> ' raasonable attornoy's Eees, upon any indeb�edna�s aecured hGrolay and an � .
<br /> auah ard�r as Benefiaiary may de�o�cminet (b) leaso tt�� aamQ or any part I
<br /> ' thorcaf for auch ren�al, �erm and upon auch cand�.L•ion� as �an��i.ciaxy'� ,
<br /> � judgmpnt may dictatE or terminato ox adjust the term� and candi�ion� of any �
<br /> . axist�ing lease ar leasos� Unles� Truetor and Dane�iciary agxeE otih�rwis� 4
<br /> i.n writing, any applica�i�n of. rente, issuas ox pzo�i�s to any indob�adn��s
<br /> aecurod hereby shall nat �xtond or po�tpane the duF dat� o� �h� instal�.m�nt ! .
<br /> � �. . paym�nts as provided in �he Nate or change �hc� am�un� of. such i.ns�al�.m�n�9. . , .
<br /> The en�ering u�aan and t�king posseseiori af th,� Property, the collectian of ;
<br /> such rent�, issuea and profits, and the applica�i.on �hereo£ as afarGSaa.d. i
<br /> �; shall not �vaive pr curo any default or iio�ice o� d�:fau].t h�reunder, ox .
<br /> � inval:ldate any ac� done purauan� to such no�ice. Trustor aseigns �a ;
<br /> � Benef:taiary, as furth�r secuxi�y f�r tho parFormanas o� the indebtednc�s9
<br /> and oblic�ations �eaured hareby, all prepaid ren�s and all monoys which m�y ,
<br /> � have been or may hereafter be deposited with Trus�ar by any lossAO a� the � , ;
<br /> � � Property, to secure t.he payment oE arey ren� or damagea, and upon def�tu.lr in
<br /> �` the perfnrmance of an}= of the provisia�� her.eof, Truator agreas ta deli.vc:r
<br /> • _ � such rents and deposi�s ta B�nefica.axyo Aelivery of wri�ten natic� o� -
<br /> --�., - --- Banefivia�y's e�ara3sa af tYz� �a:h�a �:a„te� ?�y thi4 �aragraph THIRD t� anY
<br /> : tenant accupying the Praperty or any par�ian thereaf sh111 be suffici�nt �v �
<br /> zequire said tenant �a pay said ront. �.o H�neEici�ry unti.l furthor na�i.as, , •
<br /> --�-__. _ . . . ._ .
<br /> � i !�'DURTH: If th�Ye shall be file�i by ar agai.ns� the TrustQ� �ny p��G�.-� � �
<br /> �ion or procesding sFeking an arrangeman� or camposition or exteneion ar
<br /> I any other rolief under or pursuant to the Fedpral Hankruptcy Code ox an�r ,
<br /> � other similar statute as now or hereaf�er in e��eat, or if the Trustar.
<br /> shall be ad�udicated bankrup� or in$olv�nt or any o£ Truator's prap�r.ty
<br /> � shall have be�n aequestorad and auch decrce shall ha�,•e cantinu�d undis-
<br /> ' charged and unstayed for 90 days a�tex the en�ry thereo�, thon th� cvhola aE
<br /> � the Note and indeb�edneas heaceby seciixed shall� wi.thout no�ice, at thP
<br /> � option of the l3enePiciaxy, become due and payab].a.
<br /> FIFTH: Upon default by TrustaL in the paym�n�. of or performanc� ot
<br /> �h� terms and canditions of the Na�e, or any ren�wala, madifica�ions az
<br /> exaautions thereof, the paym�nt af tzn� othar i.ndAb�edness secured haxeb,y or
<br /> in the �+erfoxmance of any agxeement� cavenant or wazzan�y hFxEin contained
<br /> or set forth in any 3grQOment or instrumant execu�ed by Txustor a.n cc>n-
<br /> nectxUn with �he indelotedne3s her�by secur.ed, HGnE�ficiary may de�lare a11
<br /> aums s�c:ured hereby immediataly due and payabla anc� the sa.m� shaZl �here-
<br /> upon become due and payable without presentm�nt, dFinand, protest or natice
<br /> of any kind. Thereafter, Benef�.ciar�• may d�liver to Trustee a w�it�en
<br /> - declaration of default and demand 3'or sale. Tru:tc.�� shal.l hava the �ower
<br />� of sale of the Property and i£ Ben�ficiaxy C�P_C:).CaE'S �YaQ Property is ta be
<br /> sold, it shall depoait with Trustee this Deed of Trust and Lhe Na�e or
<br /> notea and any other documents evidencing expFndi.tures secured hereby, and
<br /> Gh�z7.1 deliver L•o Trustee a �•�ritten nptice o�' de�ault and election ta cause
<br /> �he Property to be sald, and Trustee, in turn, shall prepare a simi].ar
<br /> notice in the form required by law, wliich shall b� duly filed far recQrd by
<br /> � Trustee.
<br /> (a) After the lapse of such time as m�y be rec�uired by law follUwing
<br /> the recordation of. Notice af. Default, and notice of De£ault anci Notice
<br />� of Sale having been given as required by la��� Trustce, withaut demand
<br /> . an Trustor, shall se].1 tha Yroperty hc�reinbef.orc cleacribed, and any
<br /> and every part thereaf, in sEparate parcela ar en masse as �.he Trustee
<br /> i may el.ec� and in such order as Trustee m�7y datermii�e on the date and
<br />: ' � at the time and place designated in said Notic� of Sale, at public
<br /> �, auction �o the highest bidder, the puxah�s� price payable in cash in
<br /> lawful money of the United Statas at �hE� tim� af sale. The persan
<br /> conducting the sa].a may, f�r any causc he oz she deems expedient,
<br /> ' i
<br /> � _
<br />
|