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<br /> upan ari�� taki�g paeseseion of �he Pra�arty, ,�he collection of euch r�nte�,
<br /> iosau�a r��td pxofit�, and tha application thex�of as a�oreAaid, eha].1 not wal.ve
<br /> ox cur.s J�r►y default ar notice of defaulti h�xeunder, ar inva].idah� any act
<br /> donee pts�tr�usnt to suc:h aotiae. Trua�or assigne to HeaeEioiary, as further
<br /> '� - -- ----- � q�CU7fifi„}�� �or the performance oi i:�i� �r�debti�ci�c�czoa and oblig�itionA �ec�zesd ,
<br /> hereb�s, all prepaid rente ar�d aLl moneya wh�ch may have been or m�►y heresa�ter
<br /> be de�c►sit�d with Truetor k�y any leseee af Che Praperty, to seoura the
<br /> paymatn� af any rent or damaqe�, aad upon default i� tho perEorman��s of any of
<br /> thra �x�vvieiona hexeaE, Truator agrees ta del�.ver auch zenta aud deposfte ta
<br /> Henefirsiary. Delivery o£ written aotice of Beneficiary's exerciee of the
<br /> �— -- � righCa �granted by thte paragrapki THiRD to aay tena�nt occupyinc� the Prop�rtY
<br /> or any,�artion thereof ahall be auffiaient to require eaid tenant to gay said
<br /> ren� ta Heneficiary until further notice.
<br /> �. If there ahall be filed by or again�t the� Trustor any pstition
<br /> os pxoaeeding seeking any arrangement or compoaition or exteneion of anY
<br /> ________ ___ _� other r�11ef .under or pureua�at to thc Federal Bankruptcy Code or any other
<br /> eimf:l�u etatute ae fe now or hereafter in effect, ar if th� T�untor shall be �
<br /> — ad�udi�crated bankrupt or inaolvent or any of Trustor�a prop�rty ehall have
<br /> b�en �eque�tered �nd such decree shall have continued undiachargr�d and
<br /> ua�ataysd for 90 days after the entry thereof. then the whole of the Note and
<br /> indebb��dne�s hereby s�aured ehall, without notice, at the option of the
<br /> HenefS.�iar�y, become due and payable.
<br /> - ���. Upon dafault by Truetor in the payment of or performance of the
<br /> ter�nra and conditions of �he Note, or any renewale, modifications or
<br /> exeautions thereof, the payment of any Qther indebtednesa aecured he�eby or
<br /> — it� •the performance of any agreement, covenant or warranty herein contained or
<br /> ae�. forth in any agreement or instrument executed by Trustar in canae�ti�*? .
<br /> ar3�h the indebtec?aess horeby secured, Beneficiaxy may declare all sums
<br /> - aecured hereby immed3.ately due and payable and tho same shall thereupon
<br /> become due and payable without presen�ment, demand, protest or aotiae af any
<br /> kiad. Thereafter, Benefiaiary may delivor to Trustee a written declaratioz�
<br /> of default and demand for sale. Tzustee shall have the power of eale of tho
<br /> Property and if Beneficiary decides the Property is to be sold, it ahall =
<br /> deposit with Trustee this Deed of Trust and the Note or notes and any other _
<br /> documente evidencing expenditures secured hereby, and ahall deliver to _
<br /> � Truatee a wri�ten notice of default and election to cause the Property to be _
<br /> ,;:_ sold, and Truetee, in turn, shall prepare a similar notfce in the form ,_
<br /> required by law, which shall be duly filed for record by Tru•stee. -
<br />= ia) After the lapse of auch time as may be required by law following �
<br /> tihe recordation of Notice of Default, and notice of Default and Notice _
<br /> af Sale hav3ng been givc�n as required by law, Trustee, without demand on
<br /> Truata�, ehall sell th� Property hereinbefore deacribed, and any arid
<br /> every part thereof, in eeparate parcels or en masae as the Truate� may
<br /> eleat and in auch order as Truetee may determine on the date aad at the
<br />--- time and place designated in said Notice of Sale, at public auction eo _
<br /> �'� the highest bidder, the purchase price payable in cash in lawful money
<br /> of the IInited States a� the time of sale. The person conducting the
<br /> sale may, for any cause he or she deems expedient, poetpone the eale
<br /> from time to time until it ahall be completed and, in every auch case,
<br /> notice of poatponement ahall be given by public declaration thereef by :.
<br /> auch persoa at the time and place last appointed for the sale; provided,
<br /> if the sale is poatponed for longer than one (1) day beyond �he day
<br /> designated ia t4�e Notice oE Sale, notice thereof shall be given in the
<br /> - -°:�--� same manner as the original Notice of eale. Trustee shall ex�cute and
<br /> �- deliver to the purchaser its Deed conveying the property so sold, but
<br /> without any covenant or warranty, express or implied. The recitals in
<br /> the Deed of any mat�ers or facts ehall be con�lu�ive proof of the
<br /> ti �. trutbfulness thereof. Any gerson, including without limitatfon,
<br />=__ +- Heneficiary or Trustee may purchase at the sale. Said sale ahall be
<br /> _� �.t,.., n....«.nrt�s nr at t'hE3
<br /> conducted at the reai eatace =orming a �,a�� �i �••� �---r---f - --
<br /> ; � "'�� court house in the county in which the Property to be sold, or some part
<br />'a � thereof, is siruated.
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<br />.,� (b) When Trustee s�lls pursuant to the powers herefn, Trustee ahall
<br /> apply the proceeds of the eale to payment of the costs and expenses of
<br /> exercieing the power of eale and of the sale, including, without
<br /> limitation, the payment of Truatee•s feee incurred, which Truatee's fees
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