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<br /> _�.�,�,�{.���. . � �q,_ �o�o�� �---
<br /> ba depoeited with True�or by any lessee of �he Property, to �eaure the
<br /> payment oE ttny rent or damages, and upon default 3n the perfoxtnan.ae of any of
<br /> the provieion�s hereof, Trustax agrees to deliver such r�nts and depoaite to _
<br /> _ �- _ v- HeneEiaiary. Delivery of written n�tice of Beneficiary's exerciQe oF the
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<br /> �-----__- -,--, scighta granted by this paragraph THIRA to any tenant occupying the Property � _
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<br /> or any portion therecf shall be aufficient to require said tenant to pay said
<br /> p rent to Beneficiary until further notiae.
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<br /> � �OURTH. If there ahall be filed by or againet the Truetor any petitfon _ _
<br /> or proceeding seeking any axrangement or compasition or extension of any _ —
<br /> � othor relief under or puxauant to thQ Federal Bankruptcy Code or any other ��- _
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<br /> i�" similar statute as is now or hereafter in effeat, or if the Trustor ahall ho
<br /> Y � ad judicated bankrupt or inaolvent or any of Trustor•a property shall have r`'-
<br /> � � , ., '` been aequeatered and auch decrQe ahall have continued undiecharged and �:-`T
<br /> �°:,,�,��,,,. �,� unstayed for 90 days after the entry thereof, then the whole of the Note and `_=-�. .._,_ _____
<br /> �� '�"''�� indebtednesa hereb aecured ahall, without notice, at the option of the �°'
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<br /> ,a�;:�:';;:�.>���:� Bene f iciary,. become due and payable. .�;�r-_--
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<br /> � ,;f_� �- - �. Upon default by Truator in the payment of or performance of E.l�es — ;`rn=
<br /> •, ` � tierm� and conditions of the Note, or any renewals, modificatione or ''�
<br /> �� executiona thereof, the payment of any other indebtedness aecured hereby or �:�
<br /> � �� � : � ''� ia the performance of any agreement, covenant or warranty herein contained or � .
<br /> �, „ „ eet faxth in any agreement or instrument executed by Trustor in connection :.
<br /> • � ' with the indebtedness hereby secured, Benef iciary may declare all sums ':�-.
<br /> " � secured hereby immediately due and payable and the same shall thereupon �• . --
<br /> �� , • � become due and payable without preaentment, demand, proteat or notice of any =- _ —
<br /> kind. Thereafter, Beneficiary may deliver to Trustee a written declaration , ��� ;. ,
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<br /> . " of default and demand for sale. Trustee shall have the power of sale of the . , � , ..
<br /> -- ` � Propexty ai�i3 if Beneficiary decides ths �rap�rry is to be sold, it shali
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<br /> � "' deposit with Trustee this Deed of Trust and the Note or noteo and any other
<br /> � , documents evidencing expenditurea secured hereby, and ahall deliver to . �.�
<br /> `' Truatee a written notice of default and election to cauae the Property to be ,, �:,
<br /> � eold, and Trustee, in turn, shall prepare a similar notice in the form .,,°3�
<br /> ..__.__.._._,..: .,___..__. rca�t�irAii �,�, i aw; whi�h Rhall bP duly filed for record by Trustee. • `' �
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<br /> , . • (a) After the lapae of such time as may be required by law following �,' �
<br /> the xecordation of Notice of Default, �nd notfce of Default a�nd Notice ;�r �
<br /> ', of Sale having been given as required by law, 1`ruatee, without demand on ,� .
<br /> - Trustor, shall sell the Property hereinbefore described, and any and •��- i �
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<br /> ; every part thereof, in aeparate parcels or en masae as the Trustee may �--
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<br /> ': elect and in such order as Truatee may determine on the date and at the ��;��1.r-
<br /> � . , time and place designated in said Notice of Sale, at public auction to . �'' a
<br /> . the highest bidder, the purchase price payab].e in cash in lawful money =_-
<br /> : „
<br /> � � � � of the United Statea at the time of sale. T1ie person canducting th� � ,- - = •��.`!:
<br /> � � sale may, for any cause he or she deems expedient, postpone the sale . ��
<br /> • � � from time to time until it ahall be completed and, in every such case, � � . :...,�
<br /> notice of postponement shall be given by public declaration thereof by I � .�-,
<br /> . � such p�raon at the time and place last appointed for the sale; provided, � . ���
<br /> , � if the sale is postponed for longer than one (1) day beyond the day . '-,
<br /> ' , designated in the Notice of Sale, notice thereof shall be given in the � , _
<br /> same manner as the original Notice of sale. Trustee ahall execute and � r�
<br /> deliver to the purr.haser its Deed conveying the property ao sold, but � rt
<br /> �• without any covenant or warranty, express or implied. The recitala in
<br /> � � the Deed of any matters or facts shall be conclusive proof of the .-
<br /> : �• truthfulness thereof. Any person, including without limitation, � ,�'
<br /> � Benefic3.ary or Trustee may purchase at the sale. Said sale shall be
<br />�a conducted at the real estate furming a part of the Property or at the
<br /> � court houae in the county in which the Property to be sold, or some part •
<br /> " thereof, is aituated. ' � �
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<br /> (b) When Truatee eells pursuant to the powers herein, Trustee shall �,
<br /> .�, , apply the proceeda of the sale to payment af the costs and expenses of
<br /> .� vn•.nS e�r�r tl�c nn'.snr nf Ca�f� atlf� f1f ?'}1P R7a�P. 7 TIC!�IICIITIQ. W�t:}10L1t
<br /> � �T limitation, the payment of Trustee's fees incurred, which Trustee'a fees
<br /> , y� shall not in the aggregate exceed the aum of Five Hundred and no/100th
<br /> ��� �� ' � Dollara ($500.00) plua 1/2 of 1� of the amount secured hereby and
<br /> ; remaining unpaid and then to the items set forth in aubparagraph (c) of �
<br /> '; ;� • this paragraph FIFTH in the order therein atated.
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<br /> ; r (c) After paying the iterns specified in eubparagraph (b) of this
<br /> � paragraph FIFTH, if the sale is by Trustee, or the proper court and
<br /> � � other costa of foreclosure and aale if sale is purauant to judicial .
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