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<br /> 9. Thc Beneficiary shall havc the ri�l►t,pa�vcr nn�nut�ority dueing tIic continuailcc of tlus l�cr,cl of'Tb�rst io co�l;rt ti.:;s��;�t�, �;_�n-
<br /> isstacs and proi'its of dtc pfopd�iy and of any p4y'sonal pro�cily EoG�tcsi dtcnou t•riti�or��idtriit 9tild��;�tr::���:.���;�c.{f1:� t��::, �.ty `� , -
<br /> ' affecte�l Itcreby,1RtI TLUSlOIS I1CJG�3y 8bg0IUIC�Y:llld U11C011(L11101111IIIY S5:i1�'[1 aII 6UCS1 PCA16, i�su�s aciA pW'ofit,tn Iji^L•�t���ief,��y. '�'�r. �'f�-,
<br /> .� � beneficiuly,liowever,hereby consents to 1'rustox�collection and retentlon of s►tcf�rGnts,issues nr�d prafits, sn 1.otaR as l�vstors nrc
<br /> =�1,;�•' � not, at such ume, in.default wilh respc,�t to paymcnt of any indebtedt�ess secur�rl hereUy, or ii�the pc:riorni�nec af nuy n$cecnxnt
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<br /> -:�.� • liereunder. If any event of defauit dc�scribed hereafter in respect to this Deed of Trust shall liave occa�tral anQ bo�ominuing,t e —
<br /> s�„{�, , •. Beneficiary,as a matter vf ri�ht and without notice to Trustors or anyone claiming undcr Trustora,ani sHithout regard to the vali�e nP
<br />---•��,>•.,::s:��ti:'.; the trust estate or the interest of the Trustors therein, shall hAVe the ripht to apply to any court haaring jurisciieiio,�to+;�,M.i��i:�
<br />:>-t-�'�,.•� .
<br /> ,-•3 '' receivcr of th�property.
<br /> _�,� N .,.����,,�:,.,;.�.: • S. Tl:e DGneficlary, or its agents, arc authorizecl to enter�t any reasonable time upon or fn eny part of the hroperty for�ho
<br /> . �� "•��� purposc Af inspecting thc sxmc and for fhe puipose of performing any of th�act�tliey ars Aut�todzcd to perfortn undcr thc tormt 4f
<br /> ' �• . ' any lo�n instnuncnts cxcc�atcd by Tn�stois.
<br /> ' 9. If all or any part of the property or any i�tcrest of Trustors is sold, uansferred or furihcr enciimbercA wittwut tho wrtuen —_
<br /> ';k: • . � '"'�, consent of the Heneficiary,the Ben�ciary may declare all suuis secured by thic Tiust Deed to Ue imm�diately due u�ul�:+yi�Ul�A��d
<br /> _ � " �'. procced to the remedies available to it under the default provisions contained herein.
<br /> � •�• �' 10. Any of the following events shall be deemed an event of default hcrcundcr:
<br /> �,� , a. Tnutors shall have failed to make paym�nt of any instnllment of principal or interest or any olher sums securacl hereby when
<br /> °�y. duc;
<br /> -c•• 6. There has occurred a breach of or default under any term, Govenant, u�reemen4,condition� provision. rcpresentatian or
<br /> ,t'�. ��� � � warranty contained in this Dced of Trust,the note or any ather loan insuument sccu��l hcrcby; ,_ _
<br /> T� e. There has becn a default by the Tmstors in the payment of any prior oT subsequent lien or encuni3�rancc in YGSpect to all or any
<br /> � � '�`�'� part of the praperty;
<br /> ,.�_ . -����•`,, d. Trustors sliall file a voluntary peution in bankrugtcy ar shall bcz udjudicated bankrupt or insolvent, or shall make an
<br /> ' ' assignment for the benefit of creditors in respect co tlie propecry:ar au action to enforce any lien or encumbr�nce or judgments
<br /> against thc property is conunenced.
<br /> „ 11. In the c�rent of any default,the Beueficiary�res nlunentl demcand�,prote orrocice of any ki dueThereafterlthe Beneficiury
<br /> .. shall thereupon become due and payt�bls�vithout any p
<br /> ° may:
<br /> • a. either in person or by agent, with or without brin�ing any action or proceeding, or by rexiver appointed by a court and
<br /> without rGgard to the adequacy uf any security,cr�ter upon and take possession of the property, ar any par�d thercof,in its own
<br /> - .. . .. �. � ����n anrl dccirable to nreserve the valuC.
<br /> ' name or in the name oi the Trusice, �u►u do ar:y a� ;:hich :. d....�zs.. �__�_, -
<br /> . marketability or rentability of thc property,or part thcrcof,or interest therein,incrcase thc incomc therefrom ot protect thc
<br /> security hereof and,without takmg possession of the property,sue for or othenvise coAect the rents, issues and profits tl�ereof,
<br /> � including those past duc and unpaid, and apply the same,less cos�ts and expenses of operauon and collection, including
<br /> attomey fces,upon any indebtedness secured hereUy,a!l in such order as the Beneficiary may dr,termine. The enteting upon
<br /> • and taking possession of the m�st estate,the collectian of such cents,issues and profits and application tliereof as af'ores��id
<br /> � � shall not cure or waive any defAUlt or notice of default hereunder or invalidate any act and in response to such default ar _
<br /> •. • pursuant to s�ich noticc of default and nonvithstanding the continuance in possession of thc property or the collection, receipt
<br /> � and applicauon of rcn�,issues or profits,Trustce or thc Beneficiary cr.ay be entitled ro excrcisc cvery righi provided for in any �_Y
<br /> of ths loan instruments or by la�v upon occurrence of any event of default,including the right a exercise the po�ver of sale; �T•
<br /> „ „ b, wmmenee an actiQn to foreclose this Deed of Trust as a mortgage, appoint a receiver, or spoc�cally enforce any of the
<br /> covenants hereof; .
<br /> ' c. deliver to Tcustce a written declaration of dcfault and demand for sale. and written notice of default and election to cause
<br /> Trustors'interest in the property to be sold,which notice 'I'nistee shall cause to be duly filed for record in the ofTicial rec,�rds
<br /> of the county in which thc property is located. „
<br /> � • 12. Should the Benet�ciary elect to foreclose by exercise ot the power of sale herein coniained,the Beneficiury shall notify Tcustee
<br /> and shall deposit�vith Trustee this Dced of TNSt and the note and such receipis and evidence ot expenditures made and secw�ed
<br /> �' hereby as Tmstee may rec�uire,and upon request of the Beneficiary, the Trustee shall cause to be recarded,published and delivered
<br /> -�- �� to Trustor such Notice of Defa.ult and Notice of Sale as then required by law and by this Deed of Trust.Trustee stuill without demund
<br /> � on Trustor,after such time as map then be required by law and after recordation of such Notice of�efault and after Notice of Sale
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<br /> having been giv..n as required by la�v, sell the property%s:die time and place of sale fixed by it in such Notice of Sale, ei er as a
<br /> '� whole, or in separate lots or parcels or items as Trustee shal! deem expedient, and in such order as it may deternune, at public
<br /> � aucuon to the hi�hest bidder for cash and shall deliver to such pwchaser or purchaser�thereaf a dad to the property sold,consistent
<br /> � �vith the law then in effect. Recitals in the Trustee's deecl shall be prima facie evidence of the tnith of the statements made therein.
<br /> - Trustee shall apply the procceds of the sale in thc following order:(a)to all rcasonablc casts and e�penses of the salc,including but
<br /> ' not limited to Tnistee's fees of not more than 2%01'the gross sale price.reasonable attorney fees and costs of title evidence:(b)to all �
<br /> � sums secured by this Dc:cd of Trust; and (c) the excess, if any,to thc person or persons legally entiticd thcrcto. Any person.
<br /> . ° .. includin$the Beneficiary,may pwchase said property at sald salc. Trustee may in the manncr providcd by law.postpone sale of all �
<br /> � •� or any portion of the pTOperty.
<br /> 13. 'frustee and the Heneficiary,and cach of them,shall be entitAed to enfarce payment and perfotmance of any indebtedness or
<br /> ` obligation sccurcd hereby and to excrcisc all rights and powcrs undcr this Deed of Trust or under any loan instniment or othcr
<br /> agreement or any laws nor or hereufter enforced not�vithstanding some or all of the indebtedness and obligations secured hereb}•
<br /> � � which may uow an c�reaftcr bc othenvisc sccured, whethet by mortgagc, decd of trust. plcdgc, lien, assignment or othenvisc. i
<br /> t.___,___,_.__„_�_ , _ Neither the acceDtance of this Deed of Trust nor its enforcement,whether by court action or putsuant to the po�ver of sale or other �
<br /> _"t� ..1'.. nC ro anv I
<br /> ' po�vers herein contained,shall prejudice or in any manner ariect►rus�ec's or inc ncnci�cta.r� ����..t;,;.,o.:�.:�w:�:�.��:--».., _--
<br /> � othcr security no�v or heru�fter held by Trustee or the Bcneficiary, it being agrccd tha!Trustee and thc Beneficiary, and eacli of !
<br /> � ihem, shall be enuticd to enforcc this Deed of Trust and any�ther security now or hereafter held by�thc Bencficiary or Trustce in �
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<br /> � . � such order and manncr as thcy may in their absolutc discretion determine. No remcdy herein co�dcrrcd upon or rescrvcd to rustee
<br /> • � or Beneficiary�is intended to be exclusive of�ury other remedy� herein or b}�la�v pro��ided or pern�iited,but cach shall be cumulati��e
<br /> and shall bc in addition to cvcry othcr remcdy givcn hercundcr or now on c�rcaflcr cxisting at law or cquiry or by statutc. E��cn•
<br /> _ �� pou�er or remedy given by any of the loan instruments to Trusta or the Heneficia►y or to which either of them may be othern•ise
<br /> ' entided may be exercised.concurrently or independenUy,from time to time and as often as may be deemed expedient by Trustee or
<br /> Beneficiary,and either of them may pursue inconsistent remedies.Nothing herein shall be consimed as prohibiting the Benefician•
<br /> � from seeking a dcficiency judgment against Tcustors w t�c extcnt such action is permitted bv law.
<br /> � 14. Tnistors hereby rcquest a copy of anv noticc of default and tliat anv notice of salc hercundcr bc mailcd to Trustors at thc �
<br /> • ' uddress sct Corth in thc first para�rjph of this Decd uf Trust.
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