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200403663
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Last modified
10/16/2011 2:50:17 PM
Creation date
10/21/2005 12:39:23 AM
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DEEDS
Inst Number
200403663
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200403663 <br />(c) Trustee may consult with counsel of Trustee's own choosing and the <br />advice of such counsel shall be full and complete authorization and <br />protection in respect to any action taken or suffered by trustee hereunder <br />in good faith and in reliance upon such advice; <br />(d) Trustee shall not be liable for any action taken by Trustee in good faith <br />and reasonably believed by Trustee to be authorized or within the <br />discretion or rights or powers conferred upon Trustee by this Trust Deed. <br />15. Events of Default. Any of the following events shall be deemed an event of <br />default under this Trust Deed if not cured within 15 days after written notice of <br />such event from Beneficiary to Trustor: <br />(a) Trustor shall have failed to perform any covenant by Trustor to be <br />performed herein; or as provided in any document or instrument also <br />securing the Promissory Note secured hereby; <br />(b) Trustor shall have failed to pay any installment due on the Promissory <br />Note secured hereby when due; or <br />(c) Trustor shall have sold or encumbered the Property in violation of <br />Paragraph 11. Transfer of PropM' herein. <br />16. Acceleration upon Default, Additional Remedies. Should any event of default <br />occur, Beneficiary may declare all indebtedness secured hereby to be due and <br />payable and the same shall thereupon become due and payable without any <br />presentment, demand, protest, or notice of any kind. Thereafter, Beneficiary may: <br />(a) Either in person or by agent, with or without bringing any action or <br />proceeding or by a receiver appointed by a court and without regard to the <br />adequacy of trust property, enter upon and take possession of the Property, <br />or any part thereof, in Beneficiary's own name or in the name of Trustee, <br />and do any acts which Beneficiary deems necessary or desirable to <br />preserve the value, marketability or rentability of the Property, or any part <br />thereof, or interest therein; increase the income therefrom or protect the <br />trust property hereof, and with or without taking possession of the <br />Property, sue for or otherwise collect the rents, issues and profits thereof, <br />including those past due and unpaid, and apply the same, less costs and <br />expenses of operation and collection, including attorney's fees, if <br />permitted, on any indebtedness secured hereby, all in such order as <br />Beneficiary may determine. The entering upon and taking possession of <br />the Property, the collection of such rents, issues and profits and the <br />application thereof shall not cure or waive any default or notice of default <br />hereunder, or invalidate any act done in response to such default or <br />pursuant to such notice of default and, notwithstanding the continuance in <br />possession of the Property or the collection, receipt and application of <br />rents, issues or profits, Trustee or Beneficiary shall be entitled to exercise <br />
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