|
�_�... _ .T- .- . . .i.. . � .�r"F'___
<br /> _�� ��,i �, ..�'-'_--_ .
<br /> � . �:s..t '�.,- � , .��-
<br /> J �" --�T'. J°_
<br /> �.:� .... '---._._ _ . _ _ . "
<br />_ .___ M� - -_ _-_� .. • � r . '�-
<br /> -._,_ - _ _ • 94-10�5
<br /> the Note or now o�herdafier exi�tin8 at law or in squfty►or by statub�and may b��r-
<br /> - ----- cissd concumsntly�indspenden�yr a sucoasivety.
<br /> ' , ��" 13. ��. The Trustee may reai�n at�ny time wfthout cau�e,and Lsnder
<br /> �,,' - -..;..,y. ,.,. may at any�me end witMout cause spp�in��sucowsor or=ulutituts Trustse. Trustee
<br /> � � �,�� = shall not f�li�b{e to any party, inclu�in�.wfthout Iimitatian,Lender.Borrower,Trustor or
<br /> _ �s_ , .;�, . sny purchaeer of the Pmperly,io��ny loas or dAm�e un t e s s due to ro c k b s s o r w i l l fi�l
<br /> r_�_������ miscc�nduct,and ahal!not be required to take any actlon in connectlon with the i
<br /> s
<br /> _ -- ified in w�it ing t o r a l l c a s t s, n-
<br /> ----; -°�-_ - } enfarcement of this Deed of Tn�at unless indemn , � _
<br /> - � � ; satbn or expenses wh�h msy be associated therewith. in addition,T�u�tee may
<br /> ���;~,�=- ,� .- `• b e c o m e a p u r c h a s er at any sale of the Pro p e r t y Qudicial or under the power of sele
<br /> �='� g ne the sale of ali or an rtion of tha Pr rty as rovided b
<br /> - .=.���:_:_..._' ranted herein); postpo Y Po °Pe � p y
<br /> ' '_���- �� lew; or sell the Property as e whole,or in aeparete parcels or lots at Trustee's diacre-
<br /> ��T:.;�:�„=�..:d�;�t tion.
<br /> . . a:���;�,�:-� 14. Fees and Exoenses. In the event 7nistee seils the Property by exercise of
<br /> power of saie,Trustee shall be entitled to apply any sale proceeds flrst to peyment of all
<br /> ,� casts and expenses of exerclsingpower of saie, inctuding al!Trustee s fees. and
<br /> � Lender's a�d Trustee's attorney's fees ac�ually incuned to the extent permitted by
<br /> appiicable law. In the event BoROwer or Tnistor exercises any Nght provided by law to
<br /> cure an Event of Default, Lender shall be entitled to recover nom Trustor all costs and �`-`
<br /> expenses actualiy incurced as a result of Trustor's defauit� including,without limitation, ___
<br /> � all Trustee's and attomey's fees,to the extent pemnitted by applicable law.
<br /> 15. F�t�re Advances. Upon request of BoROwer, Lender may�at its option. -
<br /> ,,,
<br /> make additio�al and future advances and�eadvances to Bonower. Such advances and
<br /> readvances, with inte�est thereon,shall be secured by this Deed of Tnist. t no t me
<br /> shall the p�incipal amount of the indebtedness secured by this Deed of T�ust,not
<br /> ___________ . .� , __ ����„�ing sur�s advanced to protect the security of this Doed of Trust, exceed the origi-
<br /> • nal p�incipai amount stated herein,or$�lA_,whicheve�is greater.
<br /> 16. Miscellane us Provisions. -
<br /> (a) Borrower Not Released. Extension of the time for payment or modifi- �-
<br /> � • cation of amortizatlon of the sums secured by this Deed of Trust g�anted by Lender to -
<br /> �. any successor in interest of Borrowe�shail not operate to release, in any manner,the
<br /> IiabiUty of the original Borrower and Bor�ower's successors in interest. Lender shall not �:..
<br /> i-� be requfred to commence proceedings against such successor or refuse to extend time —�
<br /> ��� for payment or otherwise modify amortization of the sums secured by this Deed of Trust �'�
<br /> �� by reason of any demands made by the original Bor�ower and Borrower's successors in �
<br /> interest.
<br /> � �
<br /> � � (b) Lender's Powers. Without affecting the liability of any other person ;�-
<br /> liabte for the payrnent of any obligation herein mentioned, and without affecting the lien �
<br /> or charge of this Deed of Trust upon any portjon of the Property not then or theretofore �
<br /> released as a security for the fuii amount of all unpaid obligations, Lender may, ftom '
<br /> time to time and without notice, (i)release any person so liable; (ii)extend the maturity F
<br /> o�•alter any of the terms of any such obiigations; (�ii)grar�t ather indulgonces,(ivj .
<br /> � release or reconvey, or cause to be released or reconveyed at any time at Lender's
<br /> • option any parcel,portion or ail of the Property; (v)take or release any othe�or addi-
<br /> . tional security for any obligation herein mentioned;or(vi) make compositions or other
<br /> arrangements with debtors�n reiation thereto. :
<br /> � i
<br /> r � (c) Forbearancp bx L�nder Not a Waiver. Any forbearance by Lender in
<br /> exeroising any right or remedy hereunder vr othervvise afforded by applicable law shall
<br /> not be a waiver of,or p�eclude the exercise of,any such right or remedy. The procure-
<br /> � � ment of insurance or the payment of taxes o�other liens or charges by Lender shail not
<br /> � � ' be a waiver of Lender's right to accelerate the maturity of the indebtedness secured by
<br /> : + this Deed of Trust.
<br /> � (d) S�c�.°ssors and Assians Bo�nd:Joint and Several �iabilitv,;� t��.
<br /> .. �_. _ .. . The covenants a�d agreements herein contained shali bind, and the_rights hereunder
<br /> � �-- � shall inu�e to,the respective successors and assigns of Lender and Trustor. Aii cove-
<br /> nants and agreernents of Trustor shall be joint and several. The captions and headings
<br /> • #� of the paragraphs of this Deed of Trust are for convenience only and are not to be used
<br /> � to interpret or define the provisions hereof.
<br /> � i
<br /> P (e) $eauest for Not�ces. The parties hereby request that a copy of arty
<br /> � ' notice of default her�under and a copy of any notice of sate hereunder be mailed to
<br /> each p�rty to this Deed of Trust at the address set forth above in the manner p�escribed
<br /> . t
<br /> _ �
<br /> a ,
<br /> � - - - -- -
<br />
|