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<br />-tr.7i.-- ---.=_--- — _ �
<br /> z .. .. . . . � ��o �c-. s
<br /> ' <<� �,.�a������,�,�
<br /> } .. or peart thoreoi o� intexeat the�oin, incrctuen �-z;X°:::
<br /> • the inaonto �h4�Q�rom o�c a:o�ect tihA eecur��y �;�:,.-
<br />--''�'','%��<�°:�Y'`°� h�reo�, �nd, w�.�hout t�k�ng poeesea�.on o� the �
<br />;..:,. P�o�ae�z���, eue �or orc o�jlarwiao aoll�ra� �hQ �:�:F;-
<br />' `�`s,- ren�s, ieeue� and pre�fits 1:hereof, S.ncsiuding -
<br />��:�t:. .^�::"'„�, ..
<br /> =�.,� �- thoea paeti due and unpaid, �amd a�ply the
<br /> ,.x eame, 1asR aoste and exp�nsee of r�t�erat3.oYa
<br /> .. arxd collec�ion, i.nclud3ng ctttorney fees, Ltpon
<br /> � any indebtednees eec:ured hereby, all in euoh
<br /> � � � "' � � ordor as Henefiaiary may determ�.ne. Th�
<br /> , entering upon and �aking poseeeeion of tha
<br /> � ;� �.. , trus� eetate, the caileation of euah rent�s�
<br /> iaeuos and profits� and appl�.cmtion theseo€ a�
<br /> .5 nfor�eaid ahall not cure or waive any defesult
<br /> . � ., or notioe of default hereunder or ir�vali@ate
<br /> any aat and in reap�nee to su�h default o�
<br /> -"` � ° purssant to nuclh notiae o+� de€�t;�t and, _
<br /> i� '_ �
<br /> .�_ . . �� notwitha�anding �he contf.nuanae in poeeeasion �
<br /> 4 _ of tlze �roperty o� the ao].leatiAn, reaqipt
<br /> � : , �� and ap�+liaation of ront�, ieeues or profite, ---
<br /> �. . '.'�'`��� ' Truetee or Benefiaiary may be entitled ta
<br /> � ��'����"'� exaroise overy right provided for in any o f
<br /> {. . • �i�•- .�
<br />- . the loan instruments or by law upon
<br /> ocaurrence of any event of dnfau�t� including
<br /> ' �� tbe right to �xercise the power of c�a1e;
<br /> (b) co�nenc� on action to forealoee _
<br /> _ t:�3� ���d �f Tr�±s*_ ?e a mnrtaage; aonoint a
<br /> • rdce3ver, or epecificallgt enforae any o� the
<br /> ' covenants hereof; . -
<br /> . ' (c) deliver to Truetee a written deela- _
<br /> , ration of default and demand for eale, and a _ .
<br /> ` written notice of default and election to R��
<br /> cause Truetore inte�ost in the Property to r:7-.,°
<br /> " " be aold, which notice Truetee shall cause to �
<br /> ' be duly filed for recard in the official xec- Y
<br /> � orda of the county in which the Propcsrty a.e ,
<br />_ looated. �
<br />� � � 13. k'qreclosure bv Powez of Sale. Should Honeficiary elect
<br /> to foreclose by exerci�e of the power of eale herein contained,
<br /> � Beneficiary shall notiEy Trustee and ehall deposit wi�h Tsustee
<br /> this Deed of Tr�ast and the note and euch receipts and evidenae of
<br /> � Es�penditures made and �ecured hereloy as Trustee may require, and
<br /> upon request of the Beneficiary, the Trustee shall file fos rec�-
<br /> ?� � ., ord, fai the Regisi:er of Daeds office in 1:he Caunty where the
<br />_ Property is located, a notice of default, satting f orth iche name �
<br />=._�a. � of the Trustor, the �ook �x�d Page or pocument No. of th3s Deed of
<br />=:�� . Trust aa recor_ded in said Regieter o£ Deede office, the legal de- �
<br />'�;''�, � , scription of the above-described rea]. eetate and that a breach of ;
<br /> .' . ., an obligation, for which eaid real esta�e was conveyeci ae seeu- i
<br /> � - rity, hae occurred, and aetting Sorth the naturc� of such breaah ,
<br /> ' and the Txuetees election tc eell the real estate to satiefy the �
<br /> - �� abligation; and aftar tho lapse of not leas than one (1) month,
<br /> a. the Trustee slzall give written notice af the ti.me and plaae of �
<br />_ eale which may be botween 9:00 a.m. and 5:00 p.m. at the prom-
<br />�: ; isea, or at the Courthouee in the County wherein auch Property ia �
<br />" . . loaated, �iescribing the Property to be sold by its legal deecrip- ,
<br />�� .� � tion, daid no'tice to be published in a newepaper o� general cir-
<br />_ � culation in the County whe�ein euch Property is loca�ed, onco a
<br />=_ . _-_.-_-_---_--_°- ---_L a.... ct..e re� .....,00n�,tivo tJOA1fII_ {:}lA laat DI1bliCat�0I1 �O �78 --.-
<br /> � -_- ---- ........ ..,.»___-----
<br /> �vaas avr ..--'--. ---- � --...
<br />` � at least �en (10) ciays, but not mare �han thirty (30) days, prior
<br /> � to the sal�; and �he Truatee sha�l than sell said Property at t�e
<br />' � � time and placo dosignated :in tho notice, in the maraner prov9.ded
<br /> � by law in eff�ct at the fiime of filing said notice, at public
<br /> `� auc�ion to th� hi.ghest bidder for ca�h and shall delivor to such
<br />; �� purcheser a deed to the PYOperty sold, eonsietent with the law in
<br /> . �� � effect at the ti.uno�
<br /> � Upon receip� of payment of the pr�ce bid, TrustoQ ehall de-
<br />- .j
<br /> liver to tho purchaser, Truetees deed conveying the Property
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