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<br /> -_ .�.�eY-� • . � � . . ��-��VAfL�� < - � _..
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<br /> --��•- provided in tTa� Note �r change �he amouai��a� �uch iaBtalYmeaa�s. �The eatezirrg .
<br /> ��`:< �s����. ,��' °��. i�pon and takfng p�saeseion o£ the Praperty, the ccl�.ectiaa o� euch, gente,, �
<br /> TM��"^`� -' ' . � 3eaue�.and pro�its. and the applieataan thereof a� �fore�a€d,� shakl ra�at waif�ra. .
<br /> �-rr`�~ 'r� � � ",`•, or cure any default ox notice of default hereunder, or .iavaY�d�te anlr act - <
<br /> � ; . � d,sne� pur8uant to such aotice. Tru�tor aeeigns to Seneg3cfary. as �t�th�a .
<br /> ,. ." �"�' � .,`�':` � . security f�X the perfo�mance o� the. indeb�ednees artd obli.ga�imne ���ured
<br /> � hereby, a,il prepaid rents and all �oney� wYiich may have been or may. lhexeaft�r .
<br /> be depasited �i.th��Trusto� �r anY Ze�s�e of the Prop��Y. �c se�ure t�i�__ �
<br /> �< <. , paym�at of aay rent or damages, and upon default in tt�e per�orman�e aF�any c+f. ,
<br /> t h e p x o v i s f o n s hereo€, Trustor agrees to deliver auch rexits and depasf�e't� `
<br /> l '��� �� ' � Be�eficiary. Deliveay of �vritten notiae of Beneficiary's ex�erei�e;..of_,_°�``
<br /> ' . �.`rc rights granted by thia paragraph T�IRD to aay te�ant occuPY�� ��e, `
<br /> ` � � or any pertion thereof shall be sufficient to require said.tena�t �
<br /> =�.=:�. - - . :rent to. Beneficiary until further notice. .
<br /> f,� . . .. . . ,� ,
<br />;�;��._. ��� �ODRTH, If there shal� be €iled by or againet t�e ��tei;��,j
<br /> or preceeding eeeking any a�raagement or composition a�s �Y������:.
<br /> ��' ` '��. - � othsr=reZief �under or pu�rsuant to the Federal Baakruptcy Cod�:�:��"'_
<br /> = � � .� '��"i�` ' ``� eimilar atatute. ae is now or hereafter in eff�eat, or if the it- "
<br /> .Y�� �� . � ., � ad judicated Y�ankrupt or �nsolveat or any of� Trustor'e presper�jr _
<br /> •:� � � been sequeatered and such decree shall have continu�d +**►��-="�
<br /> . ..
<br /> •°-� - f <�� , � � unstayed for 90 daye after the entry thereof, then the whole.a�� ``
<br /> . �.�• ..� _ iadel�teilness . he=e�iy _se�red� aha]:i; .without-...na�3.ce; a� t�, _�
<br /> ��- �-� �,. � -
<br /> �.� ����"`j � Beneficiary, become due and payable. -_-
<br /> .: � . . . . :-- --
<br /> " '. °�; � •�. � Fip . II�on default b�► �ruetos in the payment of or. perfn:maii ; , �- " _
<br /> _- ... � ' - terms and -conditio�as of. . the Note, or . aaY. renevral.s, modi.ficat��� � �
<br />' � executions thereof, the payraent s�f aay other indebtednese se�urec�:;as_'L"
<br /> .�� �. • . � �-
<br /> �'` . � . in the perf�amance of any ag�ee�ent, covenant or wananty hereia ��nT--._
<br /> �. � ., � .,.:,, ��.�.'�� : �set forth i.a any agreemsnt ar instr�meat ez�ecuted by Truet�� 3r1 -`
<br /> � � �- with the indebtedriese hereby secured, Beneficaaxy ,may c2�are� ,,
<br /> � • secuzed hereby immediate2y due and payable ana the sa�e s�all t�.;;�
<br /> � . � �<:. �. : ' � be�me due and pa�alsle w�thout pres�mea�, demaxid, proteat ar �tice�c���
<br /> kind. Thereafter, !3eneficiaay may d�liver to Truetee_ a written de���s�tt�oa �
<br /> �;,• � � � � � . of default and demand �or sale. T��ae s�l have the powe�r of eale cf� �he. '
<br /> ra
<br /> � � � - Property and if Benefi.ciary decides�� the Pr�perty is to lae so}.d, iC eti��i_.. , -
<br /> . � ��,,7.��, : ; :. depoait with Trustee this Deed of 2�ust and the Nate or notes and any ot�er: . •
<br /> ::,;,f�;;,,•. do�umente evidencing expeaditures secured hereby, aad shall d�liver to '
<br /> . �,rY,,,
<br />��� �t� Truetee a written notice of default and election to cause the Prope=ty'to lx . �
<br /> • ' � • ���;,. � sold, and Trustee, ia turn, ehall prepaze a similar notace ia xhe � fas'�a �
<br /> � �• � . � •. ' required by law, which ahall be duly fi2ed Eox recard by Trauetee. . .
<br /> z: "• . ��, ,
<br /> � - � (a) A€ter the lapse of auch.��me as may be �equired ]o�y Iaw falloNing� �
<br /> the recordatio� of Notice .of II4fault, and aot�ce of Detault a�c�, Nettc��
<br /> . . '� ��:�' � of sale hav3ng �een given as required h�a law, �Yuatee, withaut e£�marcd-t±*± =.-
<br /> � � ' � � � � " � � Truator, ehall sell the Property her�i3ibefore deacrih��l, aad aay aad
<br />-` �.� � �. . � � every part thereo£, in eeparate parcel� or en maese as the Tru�tee��r,�yr
<br /> -- „''. �,':;iF: . eleat and in such order as Trustee may determine oa the date a�d aC' t�e
<br />--�;,:. ,��`�'' - time and place designated in sa�d NaCiee of Sale, at public auction to .
<br /> . � �. � , �. . the hf�gl��st bidder, the purch�se pric� 8ayabl.e in cash in law�ul money
<br />: � • � � . of the IInited 3tatee at ttr� time of� sa1e. The persan conducting the
<br /> -t � � � � � � aale may, for any c�use he o� ahe d�c=ma expedient, postpone the eale
<br /> _;:�:�z�. .� . from time to ��me until it ah�ll be completed and, in every suoh case,
<br /> � notice of poatponement ahall ba given by public declaration thereof by
<br />_ � � ' euch person at the time and place laet �ppofnted for the sale; provided,
<br /> � .�• " • ' i£ the eale fs poatgcned for longer tl�an oae (1) day beyond the day
<br /> �� � • �� .'' � � deafgnated in the Notice o f Sa le, notice t hereo f e h a l l b e g f v e n i n t h e
<br /> •�$ � s�• same maaaer as the original Notice of eale. �`ruatee ahall execute and
<br /> �� �.,;;<;_°;`_ . � .
<br /> -� ;. ,,r;,�;.,,:. . • . del ivex to t he purc haser i te D e e d c o n v e y i n g t h e p r o p e r t y s o s o l d,� b u t
<br /> . � •�::;':�: .
<br /> . without any covenant or warsanty, express or implfed. The recitale in
<br /> �, . . the Deed of any mattera or facts shall be conclusive proof o£ the
<br /> °� � truthfulness Chereof. Any peraon, includiag without limitation,
<br /> R :� � � ; � Beneficiary or Truatee may purchaee at �he sale. Said sale ahall be
<br /> , y conducted at the real estate forming � part of the Property or at the
<br />_�.• �� � coust houee in the county in which the Property �o be sold, or eome part
<br />_- �`� � •. � thereof, ia situated. �
<br /> ti .
<br /> = - � �b) WPien TrusCee aells pursuant to the powere herein, TruQtee ohall
<br />_r_�� � : apply the proceeds of the sale to payment of the coats anci expensea of
<br /> . exercieing the power ef' ea�e and of the eale, including, wfthout
<br /> � �. , limitation, the paya;ent of Truetee's fees incurred, which Trustee'a fees
<br /> „ ' . shall not in the aggregate exceed the sum of Five Hundred and no/100th
<br /> : .. �
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