|
<
<br /> :;. y�., >
<br /> � Y • �r
<br /> � (
<br /> s, „�..���, r �')
<br /> r �i.
<br /> 1 -
<br /> . � � '
<br /> r�.' �I�� '����7�
<br /> � I' �7
<br /> ,` portion th�roo! �hall b� su!liai�nt to r�quir� �sid t�nan� to pay
<br /> , sAid r�nt to B�n�liaiary until lurth�r notia�.
<br /> f. .4
<br /> • ,�#-��.-�,;'. ZQp�$: It th�►xa aheii ba lilsd by or again4t tho Trastor any
<br /> '_,:,u �`~�;'� ° :"` petition or pro�see+ding �eeking aa arrAnqement or compo�iti.on or
<br /> • ��y4��� ^ oxtonsion or a►ny ather ralief under or pursuant to tho F�deral
<br /> i;'�"'z'�=`'�.`��."''��^ Bankruptcy Cod� or any other oimilAr stAtuta as now or herealtor iri
<br /> ,..°. ��� ���-'��+ ' oitoat, or i! th�e+ trustor ahAll be a�djudicated bankrupt or
<br /> '-��-• ` ineolvont or a�ny at Truotor•s property shall h�ve been saquaatarad
<br /> #'�' �►• � � � And auvh d�are� ah�ll h�ve continusd undischarg�d �nd unstayed tor
<br /> � ninety (90� day� atter the entry thereo t, t hen tbe whole oP the
<br /> , ��+�� � Note ar�d indebt�dns+s�s hereby secured ahall, without notiae, nt the
<br /> ;�.~ : � y optfon o! tha� H�ne+liaiary beaome due a�nd payabio.
<br /> �. �
<br /> , �t:� ��: Upon default by Trustor in the payment of or
<br /> perPormanoe oP the terms and aonditions of the Nate, or nny
<br /> ' •� :�;;�,�• renewale�, modifiaations or executiona thereof� the payment o� any
<br /> ' ��: •'�;�:'� other fndebtedne�ss secured hereby or in the performanae of any
<br /> �;; agxeement, cov�na�r�t or warranty herefn contained or set forth in
<br /> � any agree+m�nt or instrument executed by Trustor in aonneation with
<br /> ; � the indebtedness� hereby secured, Beneficfary may deolare all su�s
<br /> a ` ' secured hereby immediately dus and payable and the sams shai 1
<br /> ;��� ; . there�apon b�aame du$ and payable without presentment demand,
<br /> • prot�st or notfce of any kind. Thereafter, Beneffaiary may deliver
<br /> ; ;,;,� to Trustee a w�ritten declaration of default and demand for eale.
<br /> ; ,::� Trustee shall inave the power of sale of the Property and ff
<br /> ; '7;,:�' Beneffaiary d�cid�s the Property is to be sold, it shall deposit
<br /> � � with Tru��tee Chis Deed of trust and the Note or notes and any ather
<br /> • doouments evid�naing expenditures seaured hereby, and ehall deliver
<br /> � ��� � ` �'+� • to Truete� a wx�i�.tten notice of defauit and election to cause ��a�
<br /> ��'�� �� � Property to b� aold, and Trustee, in turn, shall prepare a similar
<br /> � ' �' notiae in th� form required by law, which shall be duly filed for
<br /> :� reoord by Trustee.
<br /> ��. (a) After the lapse of such time as may be requfred by law
<br /> , followf�g the recordation of Notice of Default, and Notice of
<br /> Default and Notice of Sale having been given as required by law,
<br /> � . Trustee, without demand on Trustor, shall sell the Property
<br /> � horeinbefore described, and any and every part thereof, in separate
<br /> .' paraels or en masse as the Trustee may elect and in such order as
<br /> trustee may dotermine on the date and at the time and place
<br /> designat�d in said Notice of Sale, at public auction to the highest
<br /> � bidder, th� purchase price payable in cash in lawful money of the
<br /> � United states at the time of sale. The person conducting the sale
<br /> may, fo� any cauge l�e or she deems expedient, postpone the sale
<br /> from time� to time until it shall be completed and, in every such
<br /> case, noticc� of postponement shall be given by public declaration
<br /> thereof by such person at the time and place last appointed for the
<br /> sale; provided, ff the sale is postponed for longer than one (1) -
<br /> day b�yc�nd the day desiqnated in the Notice of Sale, notice thereof ,. -
<br /> shall be given in the same manner as the original Noti.ae of Sale. �!;�
<br /> Trustee shall execute and deliver to the purchaser its Deed �
<br /> conveying the property so sold, but without any covenant or
<br /> warranty, express or implied. The recitals in the Deed of any
<br /> matters or faats shall be canclusive proof of the truthfulness
<br /> • thereof. Any person, including without limitation, Beneficiary ar
<br /> � Trustee may purchase at the sal�. Said sale shall be conducted at
<br /> th� real estate forming a part of the Property or at the court
<br /> house in the county in which the Property to be sold, or some part
<br /> � th�reof, fs situated.
<br /> � I� (b) When Trustee sells pursuant to the powers herein� Trustee
<br /> shall apply the proceeds of the sale to paymet�t of the costs and
<br /> - expenses of exercising tne power vf saie and oi Ln� adic�
<br /> including, without limitation, the payment of Trustee�s fees
<br /> : ; incurred, which Trustee's fees shall not in the aggregate exceed
<br /> ; the sum of $500.00 and then to the items set forth in subparagraph
<br /> � �
<br /> ' : (c) of this paragraph FIFTii in the order th�rein stated.
<br /> i
<br /> Y
<br /> � 5
<br /> i
<br />
|