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<br /> "� ot 1hem,ehall be ontltlod tp ontorco 1hi9 trust OQad and nny othe�aecurlty now or hereaiter held by Benelttlary or Truateo In BuOh ordor md m�nn�t
<br /> - == ae ihey or efther ot them moy in thch ob�tuto dtLCrctian dcturmine.No Pam6Gy hereta conrrra0 t�saa Or re!arved to T�e�tee or 8on�ticluy 1s Intnided _ __
<br /> — �-___`------ to be exclusive ol nny other romody horaln or by!aw provided or permitted,but eaeh ehall be cumutative end ahall be In addlUon tp ew,ry oth�r rAmad�
<br /> plven hsraunder or now or horealtar owetlnd at taw or In equity ar by otetuto.Every power a►emsdy provldl0 undar lht�Trutt Ds�s!to 7ruft�e a B�tici W
<br /> ,�,li:���,y-�� ar to whi0h ellhor of them mey ba othorwice entllled,mey be ex9rcfsed,eonarrentty or IndepondOntty,�rom ums tn pm�ma as often a�maY b�dwmed
<br /> --— pupcdlcnt by Trustco or Bcnatlelary nnA clthor of them may puraue i»conetslent remedlea.Nothing herein ohall bo consUued ne ptohlbidrtp 8pneiielasy
<br /> ---- --- trom eeoklrtp s det►alenoy Judgment agelnat the Trustor to the extent such actron la permltted by Inw. �
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<br /> -+•- �� •� t t.TRAN8FER OF THB PROPERTY;ABSUIMPTION.It ali ar any part cf the Property or tntorest theteln Is eotd,transierted or othorwiso convoyed
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<br /> _.,�_��,-�, by truotor wlttmut Bene!{clary's prlor wrlflen consent,exotuding(a)the creatlon ot a Uen or encumbrence subordlnete to th18 Trust Qoed,(b)a tranefer `
<br /> - .� A�.� by oporatlon oi Iaw upon tha death of a Trustor who Is a Joint tenant or(c)tha grent of any Ieasehoid interest ot three(3)years or losa whloh doea not
<br /> '` �J;'�`r ' ' contatn nn optlon to purehese,such actlon ia a breach of ihis agreement,end Banetiolery may,at Beneflaiary's oppon,dBCtere all the eums secured by
<br /> --'�:,-�ry,%�+�,�r st��"� thta Trust Oeed to be Immedtately due and payabie,provided,further,thie Truet Deed may,at Benettatery's option,be d8ciared immedintaly due end
<br /> _ `d;;'r,��:;t��•i, payabie,if p)Trustor Is a pednership and eny Interest In the partnorahip fs sod ar asstgned by any meana v�hetsoever.or(2j it the Trustw i�a corporadon _
<br /> - `-�,� :;���.;,(� and a uanater ot the maJodty stack ownerah�p iMerest in the corporation accurs,a the Trustor corporatlon mergea in eny form with another corporaUon
<br /> . .;�;;,�� ;'j or entfty.Beneficlery shall have waived such option to accelerate if,prlor to ths eaie,transter or conveyance,Beneflclery and the pereon to whom the
<br /> :.� ���' Property is to be eold or transferred reach agreement in�vriting that the credit ef such person is satisiactory to Beneflelary and that the Interest�ayabla
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<br /> '^�•�+:�y�•' on the sums 8ecured by th�s T�ust Oeed shall bo at such rate as 8enefklary shell request.
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<br /> ��:�E��•`..=,;:f,��� t2.ACCELERATION llPOt�OEF�IULT;RE67Et�1E3;8ALE.The failure by Ihe T�ustor,to meke any payment w to pedoTm any ot tPee terms aeisl con�ttlons
<br /> - '' '.. i:' of this Trust Deed.or the terma and condltlons of�he Note,or any renewals,moditicatlons or extensions thereof,or th�faiWre to make paymont o4 eay
<br /> �" "'�� other indebtedness,prior or subsequent to thla Trust beed,and secured by tRei�u�aRarty,or the death ot one or more Trustors shall be a broach and
<br /> � ., defauit of this Trust Oaed and the Beneficiary may declare a datault a�d ma+�dac�aTe all sums secured hereby immedfatoly Gua and payabio and tP�e _
<br /> • ; same shait thereupon become di�and payable wilhout preseniment,demand,yrot�st or notice aP any kirtd,pravided,Trustor shali have any statutOry �
<br /> rlght to cure the detault betwe any notice of detauit end demand for sale may be delivered to the Ycustee.Thereafter,8enefleiery may dslhrer to Trustee _
<br /> ''� a wrilten dectaration of detault and demand fa sale.Truetor agreea and heretay granta that the Trustee shatl have the power ot sale of the Ptoperty and
<br /> ,`�� �o',. if Beneficiary dec�des the Property is to be aoW it si�alt deposlt with Trustee thls Tro�i Deed and the Note or notes and any other dxuments evidencing
<br /> " expenditures secured hereby,end shaq deliver to Trustee a written notico of d�lauia and etection ta cause tho prvFe�ly to be soid,and Truffiee,in tum,
<br /> ° ..,��%� shall prepare a similar notke in the iorm requred by 1aw,wh�ch shall be duly tiie:l ta record by Trus►ee.
<br /> ° (a) Atler the lapse of such Urne as may be required by taw toflowmg the fecordation af Notice of Oefauit,and NoUce of Cefault and Notice of _-
<br /> • Sale having been given as required by law,Trustee,without demand on Trustor,sheli setl the Property,it aot redeemed,in one or more v._,
<br /> parcels and In such order as Trustee may determine on ihe date end the tlme and piace designated in 9aid NoUce of Seie,et pubiic auCtion --
<br /> according ro law.
<br /> (b) When Trustee seAs pursuant to the pawers herem.Trustee shall av;ply the proceeds of the saie to payment ot the costs and expensms oT _
<br /> :,. ;` ezerciamg the paweK of saie ana ot tne sa�e,inctuding,wnnout iimiia�ian,aiianery'a tesi�,and ihs�y�:.�:�7:u&isa's Fc�lsfat;r:°r:.°.�'!EC�`� e-
<br /> Trustee's feea aheu noi�n ihe aggregate euceetl tho touaw�n�amounls based upon the amount seeured hereby and r�mamin�ssnpald at
<br /> � :�� ihe ume scheduled for saie: 5 percentam on the oalanco tnereol;and then to the items in subparagraDh(e)in Uta asrder lhere st8led. _
<br /> .�' (c) After paying the ilems specified in subparagraph(b),if Ihe sale is by Trustee,or If the sale is pursuant to�udiclal torecloeute,the proCeeds
<br /> �- ,r;� ot sale shall be applied in Ihe tollovring order:
<br /> , ,-",.,� . (1)Cost of any evidence of titte procured in connec6on with suCh sale and of any revenue traneler fee requlred to be peld;
<br /> � ^�. (2)AII obligations secured by this Trust Deed: —
<br /> ��x!� (3)Junior trust Aeeds.rnongages,a other Iienhotders; _
<br /> ,. • (4)The remainder,if any,to the person tegally entdled thereto.
<br /> 13.APPOINTMENT OF SUCCE880R TRUSTEE.Benef�ciary may,from Ume to ume,by a written instrument executed and aCknowledged by Benefldary.
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