99111093 - Laserfiche WebLink

Browse

99 i11093 specifically set forth herein, and no implied covenants or obligations shall be imposed upon Trustee; (b) No provision of this Trust Deed shall require Trustee to expend or risk Trustee's own funds or otherwise incur any financial obligation in the performance of any of Trustee's duties herein, or in the exercise of any of Trustee's rights or powers if Trustee shall have grounds for believing that assurance of the repayment of such funds is uncertain; (c) Trustee may consult with counsel of Trustee's own choosing and the advice of such counsel shall be full and complete authorization and protection in respect to any action taken or suffered by the Trustee hereunder in good faith and in reliance upon such advice; (d) Trustee shall not be liable for any action taken by the Trustee in good faith and reasonably believed by Trustee to be authorized or within the discretion or rights or powers conferred upon the Trustee by this Trust Deed. 15. Events of Default. Any of the following events shall be deemed an event of default under this Trust Deed if not cured within 30 days after written notice of such event from Beneficiary to Trustor: (a) Trustor shall have failed to perform any covenant by Trustor to be performed herein; or as provided in any document or instrument also securing the Promissory Note secured hereby; (b) Trustor shall have failed to pay any installment due on the Promissory Note secured hereby on or before 30 days after the due date thereof; or (c) Trustors shall have sold or encumbered the Property in violation of paragraph"11. Transfer of Pro�erty" herein. 16. Acceleration u�on Default, Additional Remedies. Should any event of default occur, Beneficiary may declare all indebtedness secured hereby to be due and payable and the same shall thereupon become due and payable without any presentment, demand, protest, or notice of any kind. Thereafter, Beneficiary may: (a) Either in person or by agent, with or without bringing any action or proceeding or by a receiver appointed by a court and without regard to the adequacy of trust property, enter upon and take possession of the Property, or any part thereof, in Beneficiary's own name or in the name of Trustee, and do any acts which Beneficiary deems necessary or desirable to preserve the value, marketability or rentability of the Property, or any part thereof, or interest therein; increase the income therefrom or protect the trust property hereof; and with or without taking possession of the Property, sue for or otherwise collect the rents, issues and profits thereof, including those past due and unpaid, and apply the same, less costs and —'