|
- • , _ _
<br /> .,.,. - a.,., -
<br /> K,.: _ .. -
<br /> . �� ., �;�. _. ,�_. .:.. _ __ _ _
<br /> �� -------�,•'� -
<br /> _. _ _ _ _
<br /> gA�• � �t���.
<br /> -- - �� •
<br /> — ugron arxd taking poa�esaion of the Prop�rty, Che collection of euch ren�a,
<br /> ise�aes and profite, and th� Application tlaereoE ae aforeoaid, ehall not w�ive
<br /> . �r �ure any de�ault or no�iau og default hereunder, or invalidate any act
<br /> -'°�� dc�n� p«xAUant ta �uch notice. Tz�uotor aspigne to Benef�.ciary, ae further
<br /> seaurity fox the perFormance of the indeD�edaess and ob3i�atione seeu�ed �
<br /> �- hereby, al l prepafd rents and all moneye whiah may have been or may hereaftex
<br /> _ �, be dep�sited with Truator by any leee�a of the Property, to ae�ure the
<br /> - payment of any rent or dama►ges, and upon degault 3n the performanae o£ any of
<br /> �• tlze provisione hereof, Trustor mgrees ra deliver auch rents and depdsits to
<br /> Beneficiary. Delivery of wr�.tten notice o� Benef iciary's exexciee of the `_
<br />---�;.� - r�ghts gr�.ated by th3s paragraph THT�tn �o any tenarrt ocauPyi�g Ghe Propexty ___
<br /> :%', or any portion thereof shall be sufficient ta require eaid tenant to pay said
<br /> ;t`�t.•., rent to Heneficiary uatil further notice.
<br /> vJ!
<br />- oF URT�. If there ahall be filed by or against the Trustor axiy petition
<br /> or �roceeding seeking any arrangement or compoeition or extension of any —
<br /> , Y����,g other relief wnder or pursuant Co the Federal Bankruptcy Code or any other
<br /> � ti � . similar etatute ae ia now or hereaf�er in effect, or if the Truator ahall be
<br /> , ".''' ;, �; ��Y adjudicated bankrupt or inaclvent or any of Trustor•s property ehall have
<br /> �'wx � `' ' been sequ�eatered and such decree ehall have continued undiecharged and �
<br />- unatayed for 90 days af ter the entry thereof, then the whole of the Note and �} �
<br /> i ' " ` ` �s �"� indebtedness hereby secured ahall, without notice, at the option of the �_;-,��-
<br /> -���,ti
<br /> ��� Benef3ciary, become due and payable.
<br /> ' '��4.:r�+41Q'ay�,''fi`cv:,: f°:.�.
<br /> � r�-F ,:,...::`'°.. � �I�. Upon default by Trustor in the payment af or perfozmance of the °''_,:;
<br /> ��a����:'e�•r. ,_ �� ' terme and canditiana of the Note, or any reaewals, modificationa or T�
<br /> `����t�:: ' ,.'''� executions ther�of, the payment of any. other indebtednese aecured hereby or ��_
<br /> '"-, ' '' i� the er�farntsnce of an a rPement r covenarit or warranty herein contained er :�� '_
<br /> �a�: + .�.-� ,;�; P Y -3- - ,�
<br /> . �w..;�:��� � '��� �et forth in any agreement or instrument executed by Trustor in connection �r;- ;
<br /> '��';°'�1' '� • � with the indebtedneas hereby secured, Beneficiary may declare all euma �'��-.
<br /> ' � " � aecured hareby immediate].y due and payable and the same aha11 thereupon �su:__
<br /> � , � " " became due and payable without presentment, demand, proteat or notice of any �;;;
<br />- kind. Thereafter, Beneficiary may deliver to Trustee a written declarat3on ,.
<br />_ •� ,�.:,,, . , of dafault and demand for sale. Trustee ehall have the power of aaYe of the . :,�
<br /> Property and if Heneficiary decidea the Property ia to be sold, it shall
<br /> : ;�ti�;;;;,�� ,. . , �,. depcsit with Trustee this Deed of Truat and the Note or notes and any other . ,
<br /> ,�� �-.. � ' documents evidencing expenditures secured hereby, and ahall deliver to
<br /> ;;• - �°• ���`';;� Trustee a written notice of default and election to cauae the Property to be
<br /> � ���i;��=i -, � sold, and Trustee, in turn, ahall prepare a similar notice in the form
<br /> t� �'''�" � • requixed by law, which shall be duly filed for record by Trustee. �,�-,,
<br /> .�,,, ),;', ,
<br /> .,.....>.'... . .. ,,':;-..
<br /> : � (a) After ehe lapae of auch time ae may be required by law following .
<br /> the zecordatfon of Notice of De�ault, and notice of Default and Notice
<br /> ,;; of Sale having been given ae required by law, Trustee, without demand on
<br /> � �,:�';; :� ��� Trustor, shall sell the Property hereinbefore described, and any and
<br /> �•'�.,,.. every part thereof, in separate parcels or en masse as the Truatee may
<br /> elect and in auch order ae Trustee may determine on the date and at the ���i
<br /> �,. ��
<br />-=t`� "�-�' '"�' time and place deaignated in said Notice of Sale, at public auction to �°
<br /> _ ,:a.:
<br /> ;,;.;, � ' the highest bfdder, the purchase price payable in cash in lawfu money
<br /> � `t:�.:,.�; of the United Statea at the time of sale. The pereon conducting rhe �:
<br /> � g�'��'"�::'' " sale may, for any cause he or she deems expedient, postpone the sale
<br /> 1 `� `� f rom time to L•ime until it sha11 be completed and, in every such case,
<br /> ;� notice of postponement shall be given by public decl�ration thereo� by
<br /> such persnn at the time and place laet appointed for the sale; provided,
<br /> � if the sale is postponed for longer than one tl) day beyond the day ,
<br /> = i;�'� designated in the Notice of Sale, notice thereof sha11 be given in the I �
<br /> -� � same manner as the original Notice of sale. Trustee ahall execute and c. ,
<br /> = b:� deliver to the purchaser its Deed conveying the property so eold, but
<br /> :� �� '�` without any covenant or warranty, express or implied. The recitals in f _
<br /> � „ , the Deed of any mattera or facte shall be concluaive proof of the
<br /> truthfulneee thereoE. Any person, inaluding without limitation, ; ��
<br /> -_�___�-��___ _______ ,�.___F:w�e,... .,,- TY,�Ar.�,e mav nurchase at the sale. Said sale shall be
<br /> c:� . . ______---.—�r_`.__'_.__- acuoravr.�rl ..� ____ _ � � ,_,_. _
<br /> conducted at the real eatate forming a part of the Property or at tne ;
<br /> 1 � court houae in the county in which the Preperty to be sold, or some part I
<br /> � � � � thereof, is situated. '
<br /> ., � . .
<br /> Trustee ahall
<br /> -� � (b) When Trustee sells pursuant to the powers herein, i
<br /> apply the proceeds of the sale to payment of the costa and expenses of
<br /> " .. " exercising the power of sale and of the sale, including, without �
<br /> 4' � limitation, the payment of Trustee's fees incurred, which Trustee's fees �
<br /> ,� .
<br /> � 4
<br /> .�
<br /> ib .
<br />— •�l
<br /> C
<br /> - I
<br /> •
<br /> .. �.
<br />
|