|
-- .-----��.,---� :,i:•if'"'• . . . . .
<br /> �F •-G' ., i ,��,� _..._
<br /> ;��t�.. ' ' �yr-�.'L-.
<br /> ���� 1 t��� . .__�..._..__ ''A._'.__"
<br /> �
<br /> ..—_� ,. � - ,�
<br /> — __ . .� �
<br /> �,�...:���.�_ , , 9�-���.�� . __
<br /> �� seCUrity for the perfarmance of the indebtodneee anc3 obligatione esaured
<br /> h�reby, all prepaid renCe and ali moneys whis�h me�y have been or may herea£ter
<br /> ba depoei��ed wi�h Tzuetox by any leeene of the B�operty, to eecure tha
<br /> u� �� payment of any rent or de►mago�a� and ugon default in the pArformanae �� any of
<br /> • the provfeions Me�eo£, Truetinr ag�caea Co dolivox ouch rent� and depoeitA to �_-_
<br /> --- Benefioiary. Delivery of wrietnn notiae of Benef3aiazy's exeraise of the
<br /> �' rights granted by thie paxagraph THiRD to any tenaat ocaupying the Property
<br /> �� ar any partion thezeof ehall be euffiaient to require eaid tenant to pay eaid
<br /> rent to Benefiai.ary untiZ further notiae.
<br /> If there shall be filed by or againat tlxe Truator any petition
<br /> or proc�Qe�ed�ing aeeking any arraagement or aomposiLion or extenaion of any
<br /> . , other relief under or purauant to the Federal Bankrup�cy Ccd� or any other
<br /> �• aimilar etatute ae is now or hereafter in ef�ect, or if th� Trustor shall be
<br /> �� '`� `� 1��'`'��b�3at adjudicated bankrupt or insolvent or any of Truator's property ahall have
<br /> �y' been seque+atered and euch decrQe ahall have aont�.nued undiacharged and
<br /> :��:��';�7�'�:�i:�: unetayed for 90 days after the entry thereof, then the whole of the Ncte and
<br /> . � _._" '�� indebtPdneae hereby seaured aha11, without notice, a� �he option of the _
<br /> _ �:�� _ �_ ��.:_.:,.+:;�
<br /> s ''; Beneficiary, becoma due and payable.
<br /> ��. Upon deEault by Trustor in the payment of or performance of the �=
<br /> ��� � � terms and aonditiona of the Note, or any renewals, madifications or
<br /> executions thereof, the payment of any other indebtednesa secured herebx or �
<br /> � � in the performance of any agreement, covenant or warranty herein contained or R_
<br /> :;;.;;� set forth in any agreement ox instrument executed by Trustor in connection a_
<br /> � with the indebtednesa hereby secured, Beneficiary may declare all sume �'•�
<br /> � aecured hereby immediately due and payable and the same ehall thereupon o.—
<br /> become due and payable without presentment, demand, proteat or notice of any , : _
<br /> . ,.
<br /> ` ` ' kind. Thereafter, Seneficiary may deliv�r t�ci T�ustee a writtea declaratioa � ��
<br /> ,' �;'� �� of default and demand for eale. Truetee ahall have the power of sale of the �R'
<br /> - Property and if Beneficiary decidea the Property is �o be sold, it shall �,;_;_
<br /> ' ` deposit with Trustee this Deed of Truat and the Note or notes and any other �
<br /> � ' � documente evidencing expenditurea secured hereby, and ahall deliver to
<br /> r, ;
<br /> Trustee a written notice of default and election to cause the Property to be ,..__�
<br /> sold, and Trustee, in turn, shall prepare a similar notice in the form
<br /> '. . � required by law, which shall be duly filed Eor record by Trustee.
<br /> . (a) Af ter the lapse of such time as may be required by law following
<br /> � the recordation of Notice of Default, and notice of Default and Notice
<br /> 1 , � of Sale having been givsn ae required by law, Trustee, without demand on
<br /> . Truator, shall sell the Property hereinbefore described, and any and
<br /> every part thereof, in separate parcels or en masae as the Truetee may
<br /> elect and in auch order as Trustee may determine on the date and at the _
<br /> � ' ;� ; time and place deaignated in said Notice of Sale, at public auclivkl to - �
<br /> ' � the highest bidder, the purchase price payab�.e in cash in lawful money
<br /> of the United States at the time of sale. The person conducting the
<br /> ' ' �� sale may, for any cause he or ahe deems expedient, postpone the sale
<br /> from time to time until it shall be completed and, in every such caee,
<br /> natice of postponement shall be given by public declaration thereof by
<br /> , euch person at the time and place last appointEd far the sale; provided, ���
<br /> if the sale is postponed for longer than one (1) day beyond the day �
<br /> � ..' deaignated in the Notice of Sale, notice thereof shall be given in the f
<br /> same manner as the original Notice of sale. Trustee ahall execute and �
<br /> deliver to the purchaser its Deed conveying the property eo sold, but �
<br /> �. '� without any covenant or warranty, exprese or implied. The recftals in
<br /> the Deed of any matters or facta ahall be conclusive proof of the .
<br /> , truthfulness thereof. Any peraon, including without limitation,
<br /> Beneficiary or Trustee may p�irchase at the sale. Said sale eha11 be
<br /> � � conducted at the real estate forming a part of the Property or at the
<br /> court house in the county in which the Property to be aold, or some part
<br /> thereof, is situated.
<br /> . �L. _�� ...� �..�, r.L... ev�o horain '1'YIIAt'P.P. shall
<br /> _. .. .�. ...._ ._�__ .......
<br /> �_ ... . (A) Wf1Cl1 ll LLi3l.CG C7C11sa �iui ouaat�. �v a.•a.. Z.v...��.. ..
<br /> � apply the proceeds of the sale to payment of the costs �and expenses of
<br /> ; exerciafng the power of sale and of the sale, including, without
<br /> . ; � limitation, the payment of Truatee's fees incurred, which Trustee's fees
<br /> , � � shall not in the aggregate exceed the sum of Five Hundred and no/100th
<br /> l.,- Dallars ($500.00? plu� 1/2 of 1% of the amount secured herehy and
<br /> � l remaining unpaid and then to the items set forth in subparagraph (c) of
<br /> � I this paragraph FIFTH in the order therein atated.
<br /> � `
<br /> �
<br /> � �'
<br />
|