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<br />-�^:. � unle:�o due to reckleoo or willEul rni�tconduc�, ar�d c3ha1]. no� be �
<br />_��3•�_�.:—_ .,,..��;�,�,,, required L•o takc any ac�lon in conn�ct3.on wa.�h Che onforcenicu� oi'
<br /> - -_;��=`���F���':'� this Deed of Tru�C unlees irielemni.�ied, in writj.ng, for al]. caete,
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<br /> �`" compenoution or �.:.>pen�P� ��h�.�h may he �eR�ci.ar.ed �hc:rewitih. Tn •�---- _
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<br />==_"-'..ra�`�3`,. additian, Truetee may becoma a ptxrchaser at any ea7.e o£ the Prop-
<br /> �� i-'z4��"''' `-,���-" erty (�udicial or under the powex a� sale gxan�ed herein) ; por�t-
<br />'��� � �.,.i;;w, ".� pone tY�e aale �f all or azzy porti.on of. the Property, ac� �arovi.ded
<br /> _-�,1;,:.:. �,_,.. .
<br />-�:�:- - �. . � by law; or ae11 the Pxoperty ae a who:le, or in separate parcela
<br />____ ,,.;�.:..; or lots at Truatee�s discret�.on.
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<br /> �" '' � �4. �pQ and_�x��n.qr„�a. 3n �he event Truatiee sel].s the . �
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<br /> � • . ., � ' Propsrty by exercise af pawer df aale, Truetee �hal'1 b� enritled ----
<br /> to apply any eale proceede first to paymant of a11 coeta and
<br /> _� . , „ expeiises o£ exercieing power o£ ea1e, including a7.1 Truetee's
<br /> ;�,�;>.-�� � ��:r�, feea, and Lender�a and Truetee�e attorney's feee actually
<br /> -`������ ., .. , incur�ed to the nxtent permitted by applicable law. In the event
<br /> '�:' �,- . :.�
<br /> � . • Borrower or Tru�i:or exe�cisee any xi.ght pro•ridad by lac� to zure
<br /> ��_:.- an Fvent of Default, Lender ahall bE entitled to recover from
<br /> � �. Truetor all coste and expenees actually incurred as a reault af �---�
<br /> �;_.�,.�
<br /> .�.:..:.. .... .....: . ' Truator'a default, including, without limitation, a1L Trustee's e�
<br /> ?` and attorney'e fees, to the extent permi�ted by applicable laca. _ _
<br /> �3�":..�_i
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<br /> ,',:;,, �= y 15. �'utLre A�v n�c�s . Upon requeet of Borrower, Lender may, —;
<br /> '-� , at ita option, make additional and future advances and readvances '�`,n��M
<br /> ,'��.'•' ,
<br /> � . to Borr�wer. Such advances and readvances, with intereat ��:�:;�"'—`�
<br /> thereon, shall be eecured by this Deed of Truet. At no time ;��'
<br /> ehall the principal amount of the indebtedn.ess eecured by thie �,`��z� ;�,;=
<br /> .. .. . _ i r T_�, a. �- ' 1 u ii� .c�.i.::n°. weatlal'�nPl� tQ TIYAYPC:�' t-he AeCll� �����• i�'y,�.
<br /> . � . - -"-� LCCU V1 1tuCJL� iavt� i±a�iZ.i � c- ...�e..�� --
<br /> ' ri.ty of this Aeed of Trust, exceed the original principal amount =T�- ���-
<br /> etated herein, or $350, 000.00, whichever ia greater. ° #�`�
<br /> `�'!;h
<br /> " . 16. Nt�scellaneoyt! Pr_ovistons. .::�,�� . .
<br /> �� , (a) u�rro«er Not Released. Extension of the time for ��'`'... "
<br /> payment or modification of amortization of the sums secured by �� ,
<br /> .� � this Deed of Truat granted by Lender to any succeesor in interesr "'' %�
<br /> " af Borr.ower ehall not operate to release, in any mannex, the +'�•,,.__ �
<br /> '•��' liability af the original Borrower and Borrowers' aucceseors in � �
<br /> ,• ` � interest. Lender shall not be required to commence proceedings ��"•�� '�
<br /> ,-���=
<br /> '� . ., againet such succesaor or refuse to extend time for payment or •��•r , �s�•,�-_
<br /> � � otherwiee modify amortization of the sums secured by th.is Deed of '� .� -
<br /> �:,��.. .%.-,!..,.. ., �.
<br /> , : Trust by reaeon of any demands made by tkie original Borrower and ,
<br /> '" Borrowera' succeesors in interest. �� �{�
<br /> , . I ;.�.;�
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<br /> - (b) I�Pnder's Powers. Without affecta.ng the liability � .�1:
<br /> � of any other person liable for the payment of any obligation � � 4
<br /> "^�. herein mentioned, and without affecting the lien or charge of I .:M„ .}�" '
<br /> •`j�:� thia Deed of Truat upon any portion of tYie Property not then or j �i�:
<br /> '�,� theretofore releaeed as a security for the full amount of a11 � , -
<br /> �.�'.:. � � unpaid dbligationa, Lender may, frorn time to time and without ;
<br /> ? , notice, (i) release any person so liable; (ii) extend the matu- ,
<br />' �� � rity or alter any of the terms of any such obliqations; ; � `
<br /> ; � (iii) grant other indulgences, (iv) release or reconvey, or cause
<br /> � to be rele�sed or reconv�yed at any time at Lender's option any i . ��
<br /> parcel, portion or all of the Property; (v) take or re].ease any
<br /> other or additional security far any obligation herein mention�d;
<br /> r " or (vi) make compositions or. other arrangemente with debtors in
<br />, _� � � relation thereto. �
<br /> � �* , (c) Forbearauce bv Ler��s� a Waivr�r. An.y forbear- �
<br /> ' _ _ ance by Lender in �xercising any right or remedy hereunder or ; �"
<br /> � � --- -- _�L______ ..cc.....a,.a t�... �.,..1;..n1�,10 1am ahall nnt hr� a waiveY' of. or _ ._—__ _
<br /> - vVttctw.�ac RLLVt�+�..0 ..I ...r.r.��....._...- -„• --'^-- --- - --- � • �
<br /> •--�---....__. .. ._ _.
<br />_ �,' � preclude the exercise of, any such r�ght or remedy. The procure-
<br /> ment of in�urance or the payment of taxes or other liens or
<br /> � chargea by Lender shall noL- be a waiver of Lender' s right to '
<br />• � " accelerate the maturity of the indebtedn�es secured by this Deed ,
<br /> � of Trust.
<br />� � (d) �uacesaora and Aas�gns Boun • Joint and Seva�al �
<br /> r,�abi�?tiy: Can ion�. The covenants and a�rEements herein con-
<br /> � tained ehall bind, and the rights hereuiZder shall inuxe to, the
<br /> , respective succeseora and aesigns of Lender and Trustor. All
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