�:, ;�;�, ,
<br /> . . ,:�:... ��.
<br /> , ,, ..�.�
<br /> �' ' ',�,;��,;:... �, , . ,. . '�`.
<br /> .
<br /> . � �ns.wi.R�a.�.r.+, ' . ., ., � r, - �iow�•7�,�.� . ""�
<br /> . ,... - . .
<br /> -�—
<br /> - '
<br /> '"• ---- --• -�_._._._�.._..---�,._.__..._��_..---°---�---_ _.._._.. -_._
<br /> _ ._..–,.
<br />� `�, � .
<br /> . , ' ,� �,.-- �,l��J�:i�n t¢� . `��
<br /> . �
<br /> ,.,�,..
<br /> r�
<br /> �itle and o�her aale e�cpax�e�s, and a trustee�e E�o �r,ot �o ,��°�_
<br /> • exaeed four percent (4$) of tha grcos� sale pricet -�---
<br /> .. ,;��
<br /> ,. (2) To the paymant of the ob].igation aeaured by thi� Deed oP ,
<br /> T�ue� and Truet Dsod No�et �
<br /> 1 ia'=:r�
<br /> - (3) To the paXment c�f junior Trast Deede, mortgagQS, or other �
<br /> lionholderss ' •� �`.
<br /> , . (�S) The balanae, iP any, to the p�reon or persons legallx �
<br /> � entitled thereto. �
<br /> E. Upon the oaaurrenae of any default hareunder, BENEFICIARI:ES � ,;��•
<br /> shall have, in additian to such otPaer options as may be �
<br /> gxanted herein, tiha further option to foxoolose this Dead of ;k
<br /> Tru�st in the manner provided by law for �oraalosures oE '
<br /> mortgagea �on real property. �° '
<br /> �� a
<br /> F. SENEFICI�RIES may Prom time to t�lme aubstitute a eucaeseor or ��,
<br /> . suacessors to any TRUBTEE named herein or aating hereunder. ,,,,
<br /> � � Upen suah appointment, and without conveyance �o the sucaeasor �
<br /> . TRUSTEE, the latter shall be �rested wifiYi a13. title, powera, ° ,,�
<br /> and duties aonferred upon any TRUST�P� heroin nataed or aating :;:. ,j�
<br /> hereunder. Each euch appointaaent and substitutioa ahall be . �
<br /> made by written incatrument and exeauted by SENEFICIARIES, ^�_
<br /> aontaining rePerenae to this DeQd of Trust and its place of „ `�*���,:.�
<br /> r�aord, which, when rocorded in the oPYice oP the Register og '
<br /> Daeds oP the county or aount3es in whiah said prop�r�y ie � *-��'��
<br /> situated, shall be aonalusive �roof of proper appointntent of =;,;�;�=- -,,,:
<br /> - - - -' ttto suaaessar �tosTE�. the roregoing power of subsyiiution ,—��v- r,�
<br /> and �the procadure thers�or shall not be e�talusive of the power �' � �'
<br /> and proaedure provided for by law fo�° the subatitution of a "+� � ,.
<br /> TRUS�EE in the place of the TRUSmEE named herein. � �
<br /> M,,
<br /> G. TRUSTORS covenant and agree that upan any attempted � �� ��
<br /> ccanveyance, assignment, pledge ox transfer oP any of his I �,� ' .
<br /> int�reat in the premises during the term of the loan seaured � " �}� � ��.
<br /> her�by, th� BENEFICIARIES ahall have the option of declaring � . �i
<br /> �he urnpgid balance immediately due and payabl�, and if said • ,,,
<br /> I awa remains unpaid Por fiftesn ( 15) days therea�ter, i ' ; .
<br /> SENEFICIARIE3 aan cause Notice of DePault to be given and the ► r
<br /> premiaea be sold as provided herein. i , •`'•��';� � '
<br /> Ii. A8 additional and collateral se�urity for the loan, and � '�
<br /> affeative Porthwith upon filing of a Notice of Dafault, t�ic� , S •
<br /> instrument shal]. Eerve as an assignment by the TRUSTORS to the � 5` •°'��
<br /> TRUSTEE, oP all rents and revenues resulting from the , ��`�.� ,
<br /> property, and TRUSTEE is authorized to taka poss�ssion of tha ( ; ���
<br /> prnporty, rent or lease the same on terms he deems best and ta � �. `��:;
<br /> aolZect the ren�s and revenues and apply the same upon unpaid i�°' ; � x��
<br /> interest, principal, tcaxos or insurance premiums or for , .. �
<br /> maintenaa�ce and preservation of the premises. , d� '
<br /> , �
<br /> .
<br /> I. The waiver by 2'RUSTEE or BFNEFICIARIES of any dofault o£ � ,
<br /> �. TRUSTORS under th�a Deed of T�ast, on one occaaion, shall nnt �•
<br /> � � be or be d�emsd �o be a waiver of any other or similar +
<br /> � defaults subsequently occuz7cing. . . �
<br /> J. If titls to any part of the property herein sha11 be taken in `�
<br /> � condc�+mnation proceedinge, by right of eminent domain, o� I
<br /> . similar ac�ion, or shall l�e sold utider �hrsat of condomnation, ...¢ � �
<br /> � � � all awards, damages and proceeda are hereby assigned and ahall .-;,
<br /> ; }se paid to �he BENFsI'ICTARIES, who shall apply auch payruant, or ' •
<br /> -----• --..__.� _„ ,_ ..�_,_ __, ` '
<br /> „ _ �, - �---
<br /> --'--' '-� nlly EJatL l.L1FSrtlVi� 1Il I.11Cili �V10 Yl�titCSblVII� \.V {..11E2 Cfldln t14Ct Ql. 'T � -
<br /> . l f.hat �ims on thia Dead of Tx��t and Trust Deed Note, with any �,
<br /> � balance above the amount due heraunder payable to the
<br /> TRUSTORS.
<br /> �
<br /> ' K. The AFN�FICIARIES, thair agents or represontativee, are P�ereby
<br /> authorized to enter, at any r�asonable t3me, upgn any pa�t of � '
<br /> -3-
<br />��, ; �
<br /> , i
<br /> i
<br /> �., i
<br />
|