, _ , .._�. . • .___... . . .._ . .
<br /> _ � . -- , ��. � � . -- � -
<br /> . . .-- -rn+. � .. .�,,G•r. . . ,o .. • ,� � .•-�r -°---
<br /> - , , ,. .wml ���---� . ,+„_ - . .w j . �. ., n• • ' � --
<br /> . � � . • � �aR►�t-'�'n��i^....,.. ., .° �� _�..•
<br /> �
<br /> , ,� ,. ... .. . .t
<br /> �' . , ,�� �. � �'� ., .. ,.,r�:�".� -
<br /> il . .. . ,S' rL
<br /> .•�,+ . � ,. .,;+Mt�" . . . . _ .. ..
<br /> . __.`. . . ,._ . .__�x�aman,�._�.,....:......�_:�g....... . .__-_-_-_ - _ ____-._. ...�_�
<br />_ . + .. . � �to����, �����_�=
<br /> . � .-� 9� . . ��.��,-
<br /> � . �
<br /> . w�.�
<br /> - .. " 4 - .. 4J7w:-::rw.
<br /> „ ' � 10. ACCELERATION UPON DEFAULT,ADOITIONAL REMEDIE8. Shoutd an event of default occur Benefictary . -��;:.;��;�.-
<br /> ;� may dedare aii Indebtednesa secured hereby to be due and payabte and the same ehait thereupon become due and payable , ;, ;;Y;�"�-
<br /> without any presentment,demand,protest or nattce of any kind. ThereaRe�8eneflclary may: ;----
<br /> � • (a) Ekhet in person or by ager�, with or without brinping any aotion ar proceedin�, or by s recefver .:��
<br /> . appolrned by a court and without regani to the adequacy of its seourity.eMer upon and take poasesalon of the Trust Hstate, '��'�``�-
<br /> „ or any paR thereof, in(4s own name or tn the name of Truatee,and do any acts which ft deems�eceasary or desi�abie to • . _
<br /> �� preserva the value, marketabpity or rer�tabllity o4 the Tast Estate, or pan thereof or Interest theretn. inr.►ease the tncome . _
<br /> � therefram ot p�ctect the securfty herecf and,with or without teking possesaton o!the Trust Estate. sue tor or otherwise
<br /> , cdiect the �er►ta,Issues and proflts thereof, Inciudtng those past due and unpaW, and apply the same,less costs and � -
<br /> expenaes of operaUon and cdlectton tnduding attomeys'fees, upon any indebtednesa secured hereby,ail in such order as
<br /> Bensftctary may determine. The entering upon and teki�g possesalon of the Trust Estate,the cdiection of such rents,issues „
<br /> . and proflts and the appticatlon thereof as aforesaid.shal! not cure or wahre any default or notfce ot detault hereunder or
<br /> ' � im►alWate any act done in response to such detauit or purauant to such notice of defauit and natwtthstandfng the conttnuance ,
<br /> � in posseasion ot the Trust Estate or the collection,recelpt and appitcation ot rems,issues or proflts,Trustee or Beneflciary .
<br /> �, s}�tl�be entided to exercise e+rery rtgM provided for in any of the Loan Instruments or by law upon xcurrence of any event _ _________
<br /> _�_.... .. � of detauit� inctudirtg tha�lght to ouerctse the power of sate; , ... . . _. --- .,
<br /> � .
<br /> (b) Commence an actlon to fcrecloae ihis Oeed of Trust as a mortgage, appoint a recelver, or � �
<br /> , apeci8c�lly eniorce any of the ccvenante hareof; or I , "
<br /> (c) Deliver to Ttustee a wrltten dedaration of default and demand for saie,and a written notice of default I � !
<br /> and elecUon to cause Trustor's Irnerest in the Trust Estete to be sotd,which notice Trustee shalt cauae to be duly flled for i
<br /> ' recoM in the appropriate Officlat Recorda of the County in which the Trust Estate is Iocated.
<br /> 11. FORECLOSURE BY POWER OF 3ALE. Should Beneficiary elect to foreciose by exercise of the Power of :.. _
<br /> Sale herein contalned,Beneflciary shall notNy Trustee and shall depos(t wfth Trustee this Deed of Trust and the Note and r°.� �� -
<br /> � �� �
<br /> st��ecetptg and gvldence�f ex�nditures made and secured hereby as Trustee may require. �_ ___�''��:
<br /> (a) Upon receipi of such notice f�om Beneflciary, Trustee ahalt cause to be recorded,published and �
<br /> �
<br /> delhrered to Truator such Noiice of Detault and Notice of Sale as then required by law and by this�eed of T�ust. Trustee i
<br /> shall,wfthout demand on Trustor,after such time as may then be required by Iaw and after recordation ot such Notice of ; � s
<br /> Detauit and after Notice of Sale having been given as required by iaw,sell the Trust Estate at the time end ptace of sale flxed � �
<br /> by ft in such Notice of 8aie,efther as a whoie,or in separate tots or parcets or ftems es Trustee shail deem expedient,and � � ��;
<br /> in suah order as R may determine,at pubiic auctfon to the htghest bidder for cash in Iawfui money of the United States � ��s �k�
<br /> payabte at the time of sale. Trustee ahait deliver to such purcheser or purchasers thereof fts good and suFficlent deed of .,;/{,���!
<br /> trust conveying!he property so sotd,but without any covenant or warranty,express or Impiled. The recitais in such deed � ,�
<br /> � of any mattera orfacts shall be conctushre proof ot the truthfulness thereof. Any person,Including,wfthout limitatlo�,Trustor, �
<br />- Trustee and Beneflctary,may purchase at such sale and Trustor hereby covenants to warrant and defend the tRte of such !' �,_
<br /> • purchaser or purchasere. "�'`
<br /> (b) As may be permitted by iaw,aiter deducting Yrustee Fees in the amount ot 9iS u ,Trustee �
<br /> shall apply the ptoceeds of the sale in the following o�der:(1) to atl�easonabte costs and expenses of the sale, Inciuding,
<br /> but not Iimtted to,trustee tees of not more than 1/2 of 196 ot the gross saies price, reasonable attorney's fees and costs of
<br /> title evidence; (il)to all sums secured by this Deed ot Trust;(liry to the payment of junior Trust Deeds,mortgages or other
<br /> Ilen hdders;and�ivj the balance,N any,to the person or persons tegatly entftled thereto.
<br /> (c) Trustee may in the manner provided by Iaw,postpone sale of all or any poRion of the Trust Estate.
<br /> 12. REMEDtES NOT EXCLUSIVE. Trustee and Beneflciary, and each of them, shall be entftled to eniorce
<br /> � paymeM and performance of any Indebtedness or obligations secured hereby and to exercisa ail rlghts and powers under
<br /> � thfa Deed ot Trust or under any Loan Instrument ar other agreement or any faws now or hereatter in force,notw(thstanding
<br /> � some or all of the such indebtedness and obiigations secured hereby may now or hereaiter be otherwlse secured,whether
<br /> � by mortgage, dBecE of trust, pledge,Iten, assignment or otherwise. Neither the acceptance of thls Deed of Trust nor its
<br /> s � I
<br /> I
<br /> �
<br /> �
<br /> 1
<br /> � -
<br /> : +
<br /> : �,
<br /> i
<br /> i
<br /> ,
<br /> . ,
<br /> .
<br />
|