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l , r!�•^'�� ..Wi A . .. .. . .k ��.=?°��SJ'.t"16�. -- --
<br /> ._- ..._ . � , , - . _ ' "--�.
<br /> -_-_ - 183-3!�.�
<br /> l�ss coat� and �ns�s o! op�rwtion and co].l�otion, inoinasno .tcot�t�sy'� lwt,
<br /> upon any indsbt�dn��� ��aur�d h�r�by, all in �uab ord�r �s 9�Miiai�y maY
<br /> d�t�rmins. Th� ont�rinp upon �nd t�lclaq po�a����on o! th� Tru�t t�let�, th�
<br /> collaation of ouch r�nto, i��a�� and prolit� ana ths appliaation th�s�o! u
<br /> t�tor�aaid, shall not aur� or waiv� ar►y d�fault or notia� of d�lault h�r�und�r or
<br /> invelidnte eny act dons in respone� to such d�tault or purauant to �uah rtotia�
<br /> of dafault and, notwithstanSin th�continuana� in po�����i�n a! th�Tru�t B�kat�
<br /> or tho aollaation, roa�ipt an�appliaation o! r�nts, is�u�� or prolit�, Trust��
<br /> --�--�°°--°°-�°-�-----�- or Henoticiary ahall be entitled to exercise every right provided !er in any�of
<br /> the Loan Inetrwosnt� or by la�r upon xcurr�r�c� o! any �v�nt of d�lault, includinq
<br /> tho riqht �o ax�rcis� th� po�r o! ealo=
<br /> (b) Lbnme�ae au� action to foreclase thi� Deed of Truat aa a mnrtqaq�,
<br /> appaint a roa�iver, or �peaifically enforce au�y of tho cownanta h�r�oft
<br /> __-- -_
<br /> •(;,) Delivar to Tru�stee a written d$c�aration of dafault autd demen or �—
<br /> eaAs, ar►�'1 a written notice oP c7efault and election to ceuea Truetors's interest
<br /> v R � in the Trust Bstate to be eo1d, which notice Trustee shr�ll aause to be duly f iled
<br /> for" record in the appropriato Official Racorda of the County in whiah the Truet
<br /> �— Batate is loaatad.
<br /> ,„�
<br /> - 11. FORECLOSURE HY PO�ER OF 8�1LE. Should Heneficiary eleat to forealose �....,
<br /> • by exercise o t Power o Sn.e aro coatained Beneficiary shall notify �L3-''
<br /> � ` Trustee and shall deposit with Truetee this Deed of �'ruet and the Note and suah �����'
<br />,� ;' � ,"�s':":�'t ` � recei ts end ovidanaa of axpendituroa mado end aaaured haraby aa Trnatee may ���`'
<br /> . _; :;ttt . t.� , P
<br /> ,.•.�,i:, ,r, � +�t=,fi�` require. �
<br /> ,I��::,•;.
<br /> .!�::;>i;� �,',�::5�
<br />_;�a�;�k,.; � „ (a) Upon receipt of auch notice from Benefici , Trustee ahall cause to _
<br /> '•T '" �.`,'`:��, I be recorded, p�bliehed anc3 dalivered to Truatore suc Notice of Default and =��
<br /> • r�,�m;:!•f,�; � �t�.��=
<br /> pR�;���.�;� No t ice o f S a le ae then r e g uired b y law and b y this Deed of Trust. Trust�e shall, �;_.,
<br /> ` ' ' '����+�.,,:.;:", without demand on Truatara, after euch t3me ae may then b� required by law and --
<br /> � '�`" ; after reaordation of auch Notice of Default and after Notice ag Sale having been
<br /> '�� ��akm:tw,�w:i�;,�:,,�r. ---
<br />'��'�`"'}1 '� '' '' , � • ''"'1 iven as required by 1aw, s�ll the Truat Eatate at the kime and plaae of �ale
<br />:�t�•: � ��.' �'-��',�.:,7�� r.��;:�; g
<br />�:;,:,`,�,. •,:�"t%',f; ;��y�;-r��,�,' P�.xed by it in auob Notice of Sale, either as a whole, ox in eeparate lota ar
<br /> '�"� � } ;��i"' � � expediet�t, and in such order as it may
<br />,;�`,:t;�;�. �� f:,::�`.,,;.�,,�:;,;;:;�,�.,, parcels or items as Trustee shall deem --
<br /> ,,;,,;�;,", ��';� t,r determi�ne •at public auction ta the higheat bidd�r for cash, in laaful money of =
<br /> _:: . .,_ � R,;,;:,,, the U�itec� Statea, paya3�2n ei the tin�e of �a3a. Tr�vatea shall dsl3var ta ��:cl:
<br /> , � �• , � ;� ;:; �urchaser or purchasers therBOf, its goad and aufficientdeed or deede, conveying
<br /> the pxoperty eo eold, bwt withpnt ar,y covenant or warranty, expreas or implied.
<br /> ' The racitals i,n such deer� off any mattera or facte shall be conclueive proof of
<br /> ' the truthfulnesa thereof. Any person, including, without limi.tation, Trustors,
<br /> ' '��'"���:` ' Trustee, end Beneficiary, may purchase at euch sale, and TXUStors heroby
<br /> " � covonente to warrant end defend the title of auch purchaoar or purcheeara.
<br /> � �`� � ° (b) As may be permitted by lew, after deducting all coets, faew, expenses
<br /> � ' ' of Trustee end of this Trust, including coste of evidanc� of title in conneation
<br /> - '� -• with aele, Trustee ahall a�ply thQ proaeeds of sele to paym�nt of (i) all sutns
<br /> L expended under the terms hereof, not thee repaid, with accrued intereat at
<br /> �4 fourteen (149�) percent per annum, (ii) all other sume then secured hereby, end
<br /> � � •• (iii) the remainder, if any, to tha pereon or pereons lagally entitled tharoto.
<br />:.,�u, - • � (c) Trustee may, in the manner provided by law, poatpone sele of all or �'
<br /> ,_•�' any portion of the Trueti Bstate. _
<br /> '�;
<br /> • 12. REMSDIES NOT EXCLUBIVS. Trustee and HeneficiaYy, and each of theat,
<br /> shall be en e o en orce payment and perfotmance of eny indebtedneae or
<br /> " „�.. . obligatione secured hereby and to exercise all rights and powers under thia Deed
<br /> ;:�:;,�� :,;:•:: ",. . of Trust or under any Loan Instrument or other agreement or anp laws now or
<br /> ' t � � hereafter in force, notwithetanding some or all of the euch indebtednese and
<br /> ;'�,�t;,;�� ��. obligatione secured hereby may now or hereafter be otherwiee secured, whether by
<br /> . �;1i�~
<br /> � � ` ���',���� ' m�rtgage, deed of trust, pledge, 11en, aseignment or otherwiae. Neither the ,.;:•-
<br /> �" ��f'i:,';;`t�'�. acceptence of this Deed of Trust nor its enforcement whether by court action or �_.'-
<br />:..i .�� :,,
<br />'r;':��•. , ,��:'�' �.� pursuant to the power of eale or other powers herein contained, shall pre judice ,�'•,�..
<br /> �����• � ' or in any manner affect Trustee's or Benef iciary's right to realize upon or ; •,::
<br /> '�'�� �. � ,�'� � enforce any other security now or h�reafter held by Trustee or Beneficiary, it •
<br /> ��3;�.�..•� ����'�� . � bein agreed that Trustee and Benef icfa
<br /> ry, and each of them, shall be entitled
<br />-f'. � , to enforce thie beed of Truet and �ny other aecurity now or hereafter held by
<br /> '�'�-�� � "�',�'����'•, .. ' etee in such order and manner as the or either of them ma •
<br /> - , .,; Benef iciary or Tru ,
<br />--�;� :.
<br /> in their ebsolute discretion determine. No remedy herein conferred upon or
<br />_5;�i,,. .: �' � ��+ reserved to Truetee or Beneficiary is intended ta be exclusive of any other ° �
<br />' �' ��� - �•;`' � remedy herein or by t�w pr�vided or permitted, but each shall be ctunulative and �
<br /> �x ' shall be in addition to every other remedy g3ven hereunder or now or hereafter �
<br /> " • ' . exieting at law or in equity or by Statute. Every power or remedy given by any
<br /> �' , of the Loan Instrumente to Trustee or Beneficiary or to which either af them may � �•
<br /> ' be otherwise entitled, may be exercised, concurrently or independently, from time F
<br /> ���' �"� to time, and ae often as may be deemed expedient by Truatee or Beneficiary; end F
<br />___'"'�� either of them may pursue inconsietent remedies. Nothing herein ehall be :
<br />-- - _ ��-4=..� - - - - ....r...mA se nw+Mi►.itin� [1n�nF{n1mw fs�nw� embinn a Aefiniennv i��ii�nnnnt anninat t .
<br /> _�q -- ^^.. ...... ..., t. .. _� .� _�..-- ----: -- - ..��.. y -- --••-a �---r--•-- —o--••-- �
<br /> ., � ' ,.,.� , � the Truetors to the extent suc12 a�tion is permitted by law. `
<br /> •: ��.
<br /> ,�,; 13. RE UEST FOR NOTICE. .��stors hereby request a copy af any notice of �
<br /> `'r:�� '• • '�,r•��• de�ault, en a eny nfl ice o sa�e J�ereunder be mailed to it at the address set
<br /> ,��t.;y .•;7t,:�:�.•
<br /> � ��� foxth in the first paragrap}� �� Lfiis Deeci mf Trust. i
<br />, ;., � .,. ,:4:.�y%�;`���,
<br /> `.'�'�` ��'i:+ " ... �!� .
<br /> '`'_:,,":3,. '�. �
<br /> 'a�. e,;.��.:,�.," �.: ��:� .
<br />- ;��:,�
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