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<br /> or th� coll�ction, r�c�ipt nnd epplicati�n of rents, issu�s or praiit�, �rustiN
<br /> - - or e�n�liciary shall be �ntitl�d zo ex•rci�• .ev��Y �:1�7i�•� pi-uv�33:� !ar 3n :.ny cs =-_
<br /> th� Loan Instrum�nta or hy Iaw upon xcurr�nc� of any �v�nt o! ��fau�t, inaludinq
<br /> th� riqht to �x�roisr th� pa+�r of sal�;
<br /> (b) Ca�ona� an action to forQaloaa this Dood nf Truat as a mortqaq�.
<br /> appoint a r�c�iv�r, or sp�cifically �nforc� any of th� cov�nants h�r�off
<br /> ' � ������ (c) Daliver to Trusteo e written declaration of dafault and dwnand for F
<br /> aale, and a written notiae of defnult atid electicn to cnuse Trustors's interest
<br /> in the Truat Estnte to be sold, which notice Trustoa shall cauee to be duly filed
<br /> � for rocord in the appropriate Official Reaords of th� County in which thQ Trust
<br /> Bstato ia locsatad.
<br /> 11. FORECI�OSURE BX POWER OF SALE. 3hould Beneficiary elect to forecloae �-�
<br /> by exercise o e ower o e ere n contained, BenQflcisry sha11 notify
<br /> Trustee and shall deposit with Truatee this Deed oi Trust and the Note and such
<br /> raceipta and �vidoncQ of expenditurea ma�do and �ecured hereby se Truatao may
<br /> raquire.
<br /> (a) Upon raceipt of such notice from Beneficiary, Trustee shall causo to
<br /> = be recorded, publiehed and del�vored to Trustors such Notice of Default and
<br /> °'�'" Notice of Sale ae then required by law and by thi.s Deed of Trust. Trustee ehall, -
<br /> without demand on Trustore, after such time ae may then be required by law end --
<br /> after recordation of such Notice of Default and after Notice of sale having been
<br /> ��s� : - given as required by law, sell the Trust Estate at the time and place of sale _ _ .
<br />-•__ti fixed by it in such Notice of Sale, either as a whole, or in separate lota or
<br /> parcele or itame as Trustee ahall deem expad ient, an d in suc h or der ss i t m a y
<br /> determine, at gublic auation to the higheet bidder fer cash, in lawful money of -_.
<br /> _ � the United States, payable at the time of sale. 'Prustee ahall deliver to such --
<br /> purchaser or purchasere thereof, its good and eufficient deed or deede, conveying �'
<br /> • the ro ert so sold,. but without any covenant or warrssnty, express or implied. �_,�;
<br /> P P Y
<br /> The recitals in such deed of any mattQrs or facts ahel.l be conclueive proof of ��
<br /> the truthfulness thereof. Any person, includinq, without limitation, Truetors,
<br /> � Trustee, and Beneficiary, maY purchase at auch sale, and Trustora hereby
<br /> - �,,q��o;..r �,c-° c:c,v�nar►ta ta War�ant and 3efsnd thc tftls of such gt�rch�ser or purr.hasare. .
<br /> .� �' �.��.�;��t,;c;i'; Y fee9, expenses
<br /> (b) As may be permitted b law, after deducting all costs,
<br /> •'�'����.:;:�� :° " of Trustea and of this Trust, includinq costs of evidence of title in connectfon �.
<br /> ' �,t;;�.�.a :�f,.� " with sale, Truatee shall apply the proceeds of sale to payment of (i) all sums -
<br /> :;k:':�:. :', .. , '.' expended under the terme hereof, not then repaid, with aacrued intexest at -_
<br /> � fourteen (14�) percent per annwn, (ii) all other sums then secured hereby, and -
<br /> �toss�;r.. :..:::i'..�. �.
<br /> (iii) the remainder, if any, to the person or persons legally entitled thereto.
<br /> ww�;'.., . .
<br />' ,y,�..: , , ; , (c) Trustee may, in the manner provided by law, postpone sale of al]. or
<br />-` ���•� �-� � any portion of the Truet Eetate.
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<br /> `" °� " 12. REI�DIES NOT EXCLUSIVE. Truetee and Beneficiary, and each of them, ..r:
<br /> ' � �'• �" shall be en e o en orce payment and performance of any indebtednese or �.
<br /> � s . obliqatione secured heroby and to exercise all riqhts and powers under this Deed
<br /> ,.r���••• of Trust or under any Loan Instrument or other agreement or any laws now or �r
<br /> `'.";�:r� � hereafter in force, notwithstandinq eome or all of the such indebtedness and �_
<br /> ��'•,,;�. ., obliqations secured hereby may now or hereafter be otherwise secured, whether by _�
<br /> • , ,, ; mortqage, deed of trust, pledge, lien, assiqnment or otherwiae. Neither the �"
<br /> � Y acceptance of this Aeed of Trust nor its enf�rcement whether by court action ar ��
<br />- ;i^, ��• pureuant to the power of sale or other powers herein contained, shall prejudice
<br /> �� �-
<br /> �;,� �.���::�,. or in any manner affect Trustee's or Beneficiary's right to realize upon or -�
<br /> � enforce any other security now or hereafter held by Trustee or Beneficiary, it
<br /> � •�'�' � �� being agreed that Trustee and Beneficiary, and each of them, shall be entitled ��-�
<br /> ' '�"" to enforce this Deed of Trust and any other security now or hereafter held by --
<br />- �' �• Beneficiary or Trustee, in such order and manner as they or either of them may �;,:
<br />- � M'��� in their absolute discretion determine. No remedy herein conferred upon or (� -
<br /> � reserved to Trustee or Beneficiary is intended to be exc lus ive o f any o t her
<br />"� • � remedy herein or by law provi.ded or permitted, but each shall be cumulative and
<br /> shall be in addition to every other rPmedy given hereunder or now ar hereafter
<br /> _ . � , existinq at law or in equity or by Statute. Every power or remedy given by any .
<br />_ ,.:•,. � of the Loan Instruments to Trustee or Beneficiary or to which either of them may
<br /> be otherwise entitled, may be exercised, concurrently or independently, from time ;
<br /> ' +, � to time, and as often as may be deemed expedient by Trustee or Seneficiary; and ; .
<br />_ ;.� either of them may pursue inconsictent remedies. Nothinq herein shall be
<br /> � construed as prohibiting Beneficiary from seeking a deficiency judgmeat aqainst
<br /> �- the Truetors to the extent such action is permitted by law.
<br /> 13. RE UEST FOR NOTICE. Trustors hereby request a copy of any notice of
<br /> • . default, an a any no� ce o� sale hereunder be mailed to it at the address set
<br /> . forth in the first paraqraph of this Deed of Trust.
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<br /> i 14. GOVERNING LAW. This Deed of Trust shall be qoverned by the laws of
<br /> _ _1 ;��� the State o e ras�a. n the event that any provision or clause of any of the
<br /> a Loan Instruments conflicts with applicable laws, such conflicts shall not affect
<br /> - other provisions of such Loan Instruments which can be given effect without the
<br /> ����� �� ' conflictinq proviefons; and to this end, the provieions of the Loan Instruments
<br /> • • are declared to be severable. This instrument cannot be waived, changed,
<br /> -_ ' diecharged, or terminated orally, but only by an instrumont in writing signed by
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