|
`'i�I , l i:„r-. ��t � ..... .�if•`r.�,�. . .�,r.T;: ,.,;ril, .�.,r���� +` rn,+�' ,:;.r.. , ' Gi':>
<br /> :..
<br /> ,,,{,Y. �%f , • � J :w��.�,.�„s #��/I4lM'1KlV y�sE�r f' ��b ��`/i,j '
<br /> ,_ ,. . . n�i.fwr:�.i1►�wW+rrw.r-��rJ�a t�-.. . . .
<br /> ._, , •
<br /> . . � ...�i�•n��� .�i r�r` . ., _
<br /> ' � . �, .. , -:. .,
<br /> , . � _
<br /> � • #WI. . . , ..
<br /> ,�.`,^ �.� ,- --Y- --- ---- — - - ---- - --
<br />-.�' ,i..., ... . • , _.
<br /> . ' • �
<br /> 4 t,° 4 . .� � . ♦ • .,✓r...
<br />___ _.F4LLt�r - � . ..,�.:...
<br /> 3. L'V�t�ITS OI+ DBY�AUY.�T. My r�f tha �:o13.ow:�ng ewmtits tshal]. bn d�emed sn �
<br /> _- ---=--:��:� e�eue uf d�P.cault l�ereux�dex: _
<br /> (a) xruetor eh�21 have failad za m�kc payuenC nf wuy ir►atallaanK o£
<br /> interest. pr.3.nc�pal, or principal and ineereat or an,y other aua eHCUred haxaby
<br /> s�'hen due; or
<br /> -' (b) There hae occurzed a bregch o£ or defeulc under an}� �erce. coven+�nt.
<br /> --- - .
<br /> agreemenC� conditlanp pruv383o�1, iep�eec�nxatiun ar He�'�Ax�ty cnntained in any �
<br /> "-"" the LASn instrumente�.
<br /> 10, ACCELERAIION UPON DLFAULT AllDiTIONaL RP.I+�EDIES. Shou13 an evcnt of
<br /> defa�ult occax Beneficiarg� may declaxe all indebCednees secuxed Elereby to be due
<br /> and payab3e and the seme ehall �hereupon become due and payabl0 without any
<br /> -_--- presentment� dewand, protest or notice of aay kind. ThereafLer Aeneficiaxy mey:
<br /> � � (a) L'ither in pexaon or by agent� With or withA�ut bsi.nging at►y acCion -
<br />._ __��;r�,;��;��1 oc pxoceediag, or by s receiver appoiuted by a court and c�ithout regard to the
<br />^'Y - � �� adequacy of its secur3ty. �nter upon and take poaseseion of th� T=uet Eatate. us
<br />�""'�� `'j"��" an art thereof. 1n its own name or in the name of TL�etee� anci do sny acts whi.ah
<br />:.:�;=��_:a�:-b?'� Y P
<br />� � it deeme neceBeary or deairable to preserve the val.ue. mar�Cetability ��
<br /> ��`_�__-_n:� rentability of the Truee E�Cate. or part thereof or interest thetein, incxeaee the
<br /> _'-'�,�;�"�;�'�, income therefrom or protect the oecusity hereof an�, with or wltho�2 takiug
<br />-=,-::;�;�,t':i; poesesei.on of the Truat Estate� sue for or oCherwise collect the rente, i.saues and
<br />-=����r°i��'�?�� ' profits thereof� i�ncZuding thooe pest due �md unpaid� and ap�ly the ssme, lesa
<br /> . :_*',. ,t+�'.
<br />�=���� �`:�'��••:��: coete ancl expeneee of operation and collection including attorney� f�es. upon any
<br /> - -''`"'=`�'^��� indehtedneee eecured hereby� all in suca ord�r os ne��oile;.a� �>i ��t=T='�-t°° The
<br /> :,�'N-• :�f . -
<br /> �.�,,,� �.:•',�.;,. entering upon and takiag poseesaion of ttie Truet Eatate. the callectlon of aucli _-._.
<br />=-��:�::'-':..'-';'�.' rente, iasuea and profit� and ths applicatio�n th�reof ae afore�aiai� ehail noti cure
<br /> ,:�..,.
<br />__�;`rr,•��.�,;.-,w,,;, or waive eny default ox a�tice of dafaulC h�sreunder or invalid�t<e aay act done n
<br /> _ ` +'t't•� �'��-:A;� responoe �o such default or pursuan� to euch notice of default asid. notwithatand- _
<br />-:z.�'�`: •°� ��.
<br />;� '�`.�r,t:;,z y�; ing the coaCln��nce in poasession of the Truet Eatate or the co�.leetion, receipt
<br />;�:�;`i�;:;::_
<br />.s,;.!..,�f£,��,s'. and applicatioa of rente. iseues or profite� Rruetea or Beaeficiary e;hc�11 b�
<br /> :r:=��^'�••�•� ����� entitled to exescise every right provided frox ia any of tlze Loan IustrumenCS or by
<br /> -- -�=""•�• law upan occurreace of any event of default, inaluding the right to exercise th� _.
<br />�`x;:"';,, . ' poWar of eale; -
<br />:::;�" �,,.:.�.�;>..� __
<br /> _;:•'�,�"�'''r"-p��'�"�'�" (b) Commence an action to foreclose thi9 A�ed of T�ust ga a �nortgage, _
<br /> 1k, 71'.
<br /> -.-.- - --- -» appoint a receiver, or epecifically enforce any of the covenante hereof;
<br />:—,:,..ya��;�q.��.�,..,:
<br /> __ ',� ,�_:-�- (c) Deliver to TrueCee a written declaration of default and demand for
<br /> eale. and a written notice of dsfault and election to cause Trustor'a interest in
<br /> the Tsuet Estate to be eold. which notice Txuste� shall cauee �o be duly filed fox
<br /> . record in the appropriate Official Recorda of the County in which the Trust Estat� _--
<br /> - i.e located.
<br /> 11. FORLCLOSURE BY P�WER OF SALE. Should Beneficiary elect to fo�ec3.ese --
<br /> , b exerclee of the Power of Sale herein contu�ued. Doneficiaxy ehalfl �nc��.fy u-
<br />- r�_�; Truetee end shall deposit vith Truetee the Deed nf Trust and the Not� �nd sw�h �=�'
<br />=� � receipte an�3 evidence of expenditiuree made and secured hereby ae TtueCea: ce�y W;
<br /> require. `-
<br /> . (a) Upon recei�t of euch notice £tom aeneficiary� Truetee s�all cauee ��
<br /> to be recorded� pub].islied and delivered eo Truetor such Noeire of Default and �
<br /> ' Notico of Sale �e then required by law and by this Deed of Trust. Truetee ehall�
<br /> �� without demand on Trustor. ufter euch time ae way then be Yequired by law and �
<br /> a£ter recordation of euch Not�.ce of Default and after Notice of Sa.le having becn F,
<br />; . given se required by 1aw. sell the Txuet Estate at ehe time and pince of eole [
<br /> ' fixed by it in such Not�tca of Sala. e3ther ae a Wflole. ox 3n s�parate �ots or �
<br /> .. paxcels ox iteme as Trustee ehall deem expedient, and in euch oxder ae 1t may I•
<br /> - •'- e-- -�, a� t�..C..1 mnnnv nf Cfte
<br /> ---;:���'" �-�� determine� at pubiic muctxon co iae nignesi `viauci ��a �ao.• �.. .�..-..� ____, -- - -
<br /> Uniteai Statee vayable at �he time of oale. Truetee eha11 deliver to such purchas-
<br /> � ar oa p�rchasere thexeof hie good und oufficient deed or deede conveyiz�g the
<br /> propexty eo eold� bi�t with�ut any covenant or war�enty. express ox implied. The
<br /> •� � recitals in cuch deed of any metter os focte ah�ll be conclusive prooi of the
<br /> ' truthful�ese thereof. Any porson� including. witliaue limiCOtion. Trustor. Truetee
<br /> ar Beitef�ciary. may purchase ot euch eale and Ttuetoe hereby covonante to warrant ;
<br /> and dafend tho tiele of such purchneer or purcha9ere. �
<br /> ` (b) Ao mc�y be permltted by l�w. aftur deducting all coete, fees anA
<br /> " expeneee of Txuotee nnd of thio Truet� including coata of evidence of title in
<br /> -� connecelan with eale� TrueCeo ehnll apply the procoede of oale to payment of (i)
<br /> ., - 3 -
<br />
|