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99107027
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Last modified
3/13/2012 6:31:10 PM
Creation date
10/21/2005 12:01:04 AM
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DEEDS
Inst Number
99107027
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� � <br /> �9 1a ►�o� ,� <br /> 9. EVENTS OF DEFAULT. Any of the following events shall be deemed an event <br /> of default hereunder: <br /> a. Trustor shall have failed to make payment of any installment of interest,principal, <br /> or principal and interest or any other sum secured hereby when due; or <br /> b. There has occurred a breach of or default under any term, covenant, agreement, <br /> condition, provision, representation or warranty contained in any of the Loan <br /> Instruments. <br /> 10. ACCELERATION UPON DEFAULT ADDITIONAL REMEDIES. Should an <br /> event of default occur,Beneficiaries may declare all indebtedness secured hereby to be due and <br /> payable and the same shall thereupon become due and payable without any presentment, <br /> demand, protest, or notice of any kind. Thereafter, Beneficiaries may: <br /> a. Either in person or by agent, with or without bringing any action or proceeding, <br /> or by a receiver appointed by a court and without regard to the adequacy of its security, <br /> enter upon and take possession of the Trust Estate, or any part thereof, in Beneficiaries' <br /> own name or in the name of Trustee,and do any acts which Beneficiaries deem necessary <br /> or desirable to preserve the value,marketability,or rentability of the Trust Estate,or part <br /> thereof or interest therein, increase the income therefrom or protect the security hereof <br /> and, with or without taking possession of the Trust Estate, sue for or otherwise collect <br /> the rents, issues, and profits thereof, including those past due and unpaid, and apply the <br /> same,less costs and expenses of operation and collection including attorneys' fees,upon <br /> any indebtedness secured hereby, all in such order as Beneficiaries may determine. The <br /> entering upon and taking possession of the Trust Estate, the collection of such rents, <br /> issues and profits and the application thereof as aforesaid, shall not cure or waive any <br /> default or notice of default hereunder or invalidate any act done in response to such <br /> default or pursuant to such notice of default, and notwithstanding the continuance in <br /> possession of the Trust Estate or the collection, receipt and application of rents, issues <br /> or profits; Trustee or Beneficiaries shall be entitled to exercise every right provided for <br /> in any of the Loan Instruments or by law upon occurrence of any event of default, <br /> including the right to exercise the power of sale; <br /> b. Commence an action to foreclose this Trust Deed as a mortgage, appoint a <br /> receiver, or specifically enforce any of the covenants hereof; <br /> c. Deliver to Trustee a written declaration of default and demand for sale, and a <br /> written notice of default and election to cause Trustor's interest in the Trust Estate to be <br /> sold, which notice Trustee shall cause to be duly filed for record in the appropriate <br /> Official Records of the County in which the Trust Estate is located. <br /> 4 <br />
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