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<br /> _ � - - . 93�: 1061A3
<br /> appliaation o! rqnts, issu�� or prolits, Tau�tN or H�n�liai�ry �hall b�
<br /> �ntitl�8 to �rai�� �v�ry riyht prnvidd !or in anY o! tho Loen Inptr�nt•
<br /> or by law upon occurr�na� o! any �v�nt o! d�l�ult, inaludinq th� riqht to
<br /> �x�rai�� th� pow�r of �sl�;
<br /> (b) Camu�na� an aation to lorsalose thia Da�d of Truot n� a mortQaq�,
<br /> - _-�—�-- r�� appoint a rocoivoz, or apecifically enforce nny of ths aovenent� h�r�of=
<br /> (c) Deliver to Truetee a writton doalaratiott oE default end demend for
<br /> oale, and a written notia� of d�fault and el�ction to cause Truetor's inter��t
<br /> in Cha Truat 8state to k�e sold, which notice Tru�tee ohall csuse to b� daly
<br /> fil�d for reeord in the appropriate Official Records of the Gounty fn rh�ctn
<br /> ---s'—- th• Truat Eri.aiw Ir located.
<br /> � 11. �O)ftEC�O 8Y PG�TE3IIt 4�F �ffi. 6hau1$ 8�reeficiary elect to • .,
<br /> -- ,,, forec�aae b� Bwosc sa ca � er o Sale hare3�n Qontained, Benoficiaar�+ s}hmili
<br /> ___ —;__:;°r�� . r�a�.if� �su�t�e ar�d shabl depos�t with� Trustee tfia�s AeecD of Tru+st and t�a �lm�e
<br /> ry{: "_ . aas�d s+ach receipts �d evidaace oP e�md3�Lu�+� ma� and oecarvd here�y �
<br /> �;; •a�, � ����csas� may rpuiro. � �
<br /> `��'�.,�;�fl�; ;�. ' � ,
<br />�,R;;M,.._......,�,,;„„�. ' (a) Opon receipt of such notice from Seneficiary, Truetoe shall anuse
<br />�,:$� �� to be recor8ed, published and delivered to Truetor suah Notica of Default and
<br />-'�� Notice of eale ae then requixed by law and bx this Daed of Trust. Truste�
<br /> ehall, without domend on Trustor, after ouch time aa may then b� r�Nir�d by
<br /> law and aftor rocordetion of auch Notice of Dofault and aftor Notiae of Sal�
<br /> having b�wn giv�n as r4quirad by law, asll tho Tru�t B�t�t� at th� tim� and
<br /> _ __ piva• of �al� fix�d by �t in auCh Notia� of 8a1�, �ith�r e� a whol�, or in
<br /> - 4oparato lots or psra�l• or itoms as Tru�tN �h+�ll dNm •xp�di�nt, and in such
<br />.'.�_ �_
<br /> ord�r e� it may d�t�rmine, nt public auation to th� hiqh��t biddtr !or aa�h,
<br /> � in lawful mon�y of th� Unit�d Stat��, payabl� at t!� tim� o! sal�. Tru�tN
<br />- �hall doliv�r to sach purahas�r or puraha��rs th�rwt, it� qood and autiiai�nt
<br /> - d��d or dNds, conv�yinq tha prop�rty eo aold, but without any aovonant or
<br /> - warranty, �xpr��a or implied. The raaitals in ouah d��d o! any mattera or
<br /> �� faota ahaZ3 be concl+2nive pr•x�� of the truthtuln�sa ther�o�. My psroon,
<br /> �•,�� inaluding, without limitation, Truetor, Trustee, and Hon�ilaiary, maY Purahaee
<br /> nt euah eala, and Trustor hereby covenanta to warrant and dofend th� title oi
<br /> auah purahasor or purahaeors.
<br /> .�. (b) As may be permitted by law, after deduating all costs, faes,
<br /> expenses of Truatee and of this Truat, including coste of evidenca of title in
<br /> •�� , connection with sale, Trustee shall apply the proceeda of sale to payment of
<br /> ;�7'i�� (i) all eums expended under the tersns hereof, not then repaid, with acaruad
<br /> i. I�A,�.:�5:�i.
<br />_:. n1� ' intereat at 12 percent per annwa, (11) all other evms then secured hereby, and
<br />•- (iii) the rwaaindar, if any, to the pereon or persone legally entitled
<br /> therato.
<br />�-`�'� f4�• (c) Truetee may, in the manner provided by law, postpone eale of all or
<br /> _ •..���
<br />-".;;• �7�� •; :'�.4:; any partion of the Trustee Eetate.
<br />.r�`i •�+M�{+, �:4'.� _.
<br /> 12. REMBDI�s NOT EXCLUSIVE. Trustee and Beneficiary, and each of them,
<br />�•'�' �'�� � � �. ehall be ent t e to en orce payment and performence of eny indebtedneas or
<br /> �,. . r; �• . ,,: . ...
<br /> �; ,re.�`�_. . •.�r�, obligations secured hereby and to exerciee all rights and powers under this
<br />`?'', .r`. �, �!•-..•, D@ed of Trust or under any Loan Instruraent or other agreement or any l�ws now
<br />- �� °-'� ��� � or hereafter in force, notwithstanding some or all of the such indebtedneas
<br />`�;i► �`-•• `• and obligatione secured hereby may now or hereafter be otherwise securecl,
<br /> ' � ";,�?,`.,�.- whether by mortgage, deed of trust, pledge, lien, assignment or otherwise.
<br /> � �� `�?�'-`=-�°=, NeithQr the acceptance of this Deed of Trust nor its enforaement whether by
<br /> .�_�..._ =;.
<br /> 1' .,i..;;�,..� court actian or pursuant to the power of sale or other powers ere n
<br /> - �`.`'i':��%�' contained, ehall prejudice or in any manner affect Trustee's or Beneficiery's
<br />.-�� "'��'` '���': � ri ht to realize upon or enforce any other security now or hereafter held by
<br />- � � '���' � Trustee or Beneficiary, it being agreed that Trustee and Beneficiary, and each
<br /> ,�` � `';�z �.:;; , : of them, shall be entitled to enforce this Dead of Trust and any other
<br />,� ��:�, � security now or hereafter held by �eneficiary or Truatee, in such order and ;
<br /> •• � manner as they or either of them may in their absolute diecretion determine.
<br /> •" � No remedy herein conferred upon or reserved to Trustee or Beneficiary is
<br /> �'�`'��"`���'� ' intended to be exclueive of eny other remedy herein or by law providad or
<br /> `�`�:,'�::::.:;�;c:, permitted• but each shall be cumulative and shall be in addition to every
<br /> .�, other remedy given hereundor or now or hereafter exieting at law or in equity
<br />_ -, or by 3tatute. Svery power or remedy given by any of the Loan Instruments to
<br /> v_b�. : TrueteQ or Beneficiery or to which either of them may be otherwise entitled,
<br /> _--� may bo exercised, concurrently or independently, frnm time to time, and as
<br /> oftan as may be deemed expedient by Truetee or Beneficiary; and either of them
<br /> - . M��m�a {wwnwal�*�A1� ro.nsriioa_ Nnthina hsrein 8�'1811 1'1B CORBtL"118f� HS '
<br /> ::i s......,... �..---•---__.._ �
<br />-�" t,r • .�-F.= prohibiting Beneficiery from seeking a deficiency �udgment against the Truetor
<br /> ����•a�':'�'�'�'" to the extent such action is permitted by law.
<br />� ; ; �•::::..• . �
<br /> ��="u "'�k��:+'�'= 13. EtE UEST FOR NOTICS_ Truetor hereby requests e copy of any notice
<br /> — --`'�'`'�_�'� of defe�ult, an tat any no ce of sale hereunder be mailed to it at the
<br /> '�'k''� ' adc7rQSS set forth in the firet paragraph of this Deed of Trust.
<br /> * t� ;��.}��
<br /> ==_,, ��.:;;�;�;-,,,, 14. GOVERNING LAW. This Deed of Trust shall be governed by the laws of
<br /> •--•�i�.;;'1��;y;�;M;"�:>",, ; the State o Ne ras c�a. �n the event that any provision or clauae of any of the
<br /> ';;,`� - Loen Inetruments conflicts with applicable lawa, such conflicts shall not
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