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<br /> � l. TIIC DCRC�ICIflN SI18II I18��c thc ri�;bt,powcr and auU�ority dunn,r, thc conunua�icc of this�Jcc�'of'I'n�st to collcct Q� �n4��s�,
<br /> • issucs and profits of thc propercy and of any personal properry locatcd thcrcon�vith or ��iQ►out talu�ib pos�cssion of Q�c fo e
<br /> aftected hcrcby.:+nd Trustors hcrcby absolutcly and unconditionally assign all n�ch rcros, issucs'and profcts to thc beneficiary. Thc .
<br /> � -, benefic�ary, hotsc�•cr, hcrcby conscn�s to Tn�stors•'collcxtion and retcntion of such rcnts. issucs and prafits, so long us Trusiors t�n - -
<br /> not, at such uine, in default with respcct to paymcnt of any indcbtedness sccured liercby, or in thc perCormancc of any agr�ement � ..
<br /> hcreunder If any c�•ent of default dcscribed hereaftcr in respcct to this Da;d of Trust shall havc occueted and bc coiitlnuing,tlic ,--�-�
<br /> HeneGcia�y,as a matter of nght and without noucc to Trustors or am•one claiming under Trustors,and without regard to the value of ��T���'
<br /> � ' the tnut cstatc or Q�e �mcrest af d►c Trustors lhcrcin. shall l�az�e thc ri�l�t to apgly w any court havin�junsdiciton to agpaint a �--_r_-=
<br /> � " " reccivcr of thc progcrty '�'.���
<br /> ��' � 8. The Beneficiary, or its agcn�s, are autliori�.ed to cntcr at any reasonable time upon or in any par► of the property for t�e �y'�r
<br /> purposc of inspecting thc same and for thc purpose of pedomung any of the acu they are authorized to perform under the tcnns of
<br /> .. any loan instruments exccuted b}'Trustors. -,,r_
<br /> ^ 9. If all or any part of the property or any interest of 1'mstors is sold,transfemd or fittther encumbcred without the written �,�i,
<br /> , • consent of the Heneficiary,the Beneficiary may declare all sums secured by this Trust Deed to be immediatcly due and payabie and �r,,__
<br /> proceed to the remedies available to it under the default provisions contained hcrein. �
<br /> ' 10. Any of the follo�ti�ing cvent�sha!1 be dccmed an cvent of dcfault hereundcr: �::.
<br /> a. Trustors shall havc failed to makc payment of any installmcnt of principal or interest or any othcr sums sccw�ed hereby when �-�
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<br /> 6. There has occurred a breach of or deCault under any term. covenant, ageemec� condition, provision, representation or ___
<br /> warranty oontained in this Decd of Trust,the note or any othcr loan instsument sc�ued hereby: _�=
<br /> 4 e. There has becn a default by the Trustors in the payment of any prior or subsequeat lien or encumbrance in respect to all or any �;;�,.;�
<br /> ' pact of thc properry:
<br /> d. Tcustors shall file a voluntary peUUOn in bankruptcy or shall be adjudicated isankrupt or insolvent, or shall �n,ake an �-,
<br /> �� Ii �ylgnment for the benefit of creditors in respect to the property:or an acuon to enforee any lien or encumbrance or judgments °�r.
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<br /> against the propern��s commenced. �-
<br /> 11. ln the event of any default.the Heneficiary may declare all indebtedness scx�ued hereby to be due and payable and tlie same �
<br /> � shall dicrcupan becomc due and payablc without any presentment,demand,protest or notice of any kind. T'hereafter,the Beneficiary —^°
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<br /> ' maY:
<br /> -� n. either in person or by asent. «zth or nzthout bnnging any action or procceding.or by receicer appointed by a caurt and �.
<br /> __._ • �vithout regard to the adequacy of any securiq�.enter upon and take possession of the properry.or any part thereof,in iu oim �;.
<br />--- --_ _-- -- name or in ihe name of the l nistee, and do au� acts .vtac: i.3:,:.� r��w.r; :..^d ^�izs��_ ►� �r��r�y� thP valae,
<br /> marketability or rentability of the property.or part thereof, or interest thcrein,increase thc incorae therefrom or protect the =_
<br /> , securi t y hereo:F and.�vithout taking possession of the propert}•.sue for or othenvise collect the rents.issues and profits thereof, ___—
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<br /> ine�uding thosc past due and unpaid, and apply ihe same. less costs and e�cpenses of operation an d co d lection, inc lu d ing ;
<br /> attomey fces.upon any indebtedness secured hereb}�.all in such order as the Beneficia�}�may deterniine. The entering upon �
<br /> and caking possession of the trusc cstate, the collection of such rents, issues and profits and applicatian thereof as aforesaid __
<br /> ' shall not cuce or waive any� default or notice of default hereunder or in�•alidate any act:uid in response to such default or �
<br /> ' pwsuant to such nauce of default and not�vichstanding the continuance in possession of the pro�erty or the collection,receipt �'� `�
<br /> and applic.ation of rcnts.�ssucs or profits.Trustce or thc Bcncficiary-ma�bc cnatled to cxcrcisc cvery right provided for in anp I
<br /> of the loan instruments or by la«•upon occurcence of any e��ent of default.includ�ng the right to exercise the poti�•er of sale;
<br /> • b. commence an action to fureclose this Deed of Trust as a mortgage, appoint a receiver, or specifically enforce any of the
<br /> � covenants hereof:
<br /> c. dcliver to Tmstee a wntten dcclaration of default and dcmand for salc. and aritten notice of default and election to cause
<br /> ' Tcustors'interest in the property to be sold�vhich notice Tn�stee sliall cause to be dul}•filed for rewrd in the o�eial records
<br /> • of the county in wliich the property is located. `
<br /> 12. Should die Benefician•elcxt to foreclose by exercise of the po«�er of sale hemin contained.the Beneficiary shall notify Tn�stec i
<br /> and shall deposit�vith TtUStee ehis Deed of Trust and the note and such rc;eeipts and evidencx of expenditures made and secured i
<br /> � hereby as Trustee may require.and upon request of the Beneficiarv.the Trustee shall cause to be recorded.publishai and delivered ,
<br /> to Trustor such Nouce of Default and Nouce of Sale as ihen reqwred by lan•and by this Deed of Trust.Trustee shall��thout demand �
<br /> on Trustor, after such time as ma}'then be requircd b}�la��and:tfter rcxordauon af such Not�ce of Aefault and after Notice of Sale ;
<br /> ' having bcen g��•en as rcqwred b}• lati�•. scll thc propern•at thc ttmc and place of salc fi�cd b}•it m such NoUCC of Sale, eittier as a 's ��
<br /> whole, or �n separate lots or parcels or nems as Trustee shali deem e�pedient. and in such order as it may determine, at public
<br /> auction to the hi�hest bidder for cash and shall deli�•er to such purchaser or purchasers tfnereof a deed to the propem�sold.c;onsistent
<br /> evith thc la�v then in efT'oct. Recitals in the Trustee's deed shall be pnma facie ev►dence of the truth of the statements made therem.
<br /> . � Tn�stce shall appl}•thc proceeds of thc salc►n the follo�nng ordcr� (a)to all rcasanablc costs and expenses of the sale, mcludi�ig but �
<br /> � not limited to Trustee's fees of not more than 2%of the�ross sale price.reasonable attorne�•fees and costs of t�tle e��idence:(b)to all ��
<br /> sums secured by this Deed of Tnur, aud (c) the excess. iC an7•. to the pe+son or persons legally entttled thereto Am• person. .
<br /> including thc Benefician�.may purchasc said property at said salc. Trustec may in thc rnanncr pro�•►dcd b}�la�v.postponc salc of all . .
<br /> or any portion of thc propcm•.
<br /> 13. Tcustee and die eeneficiar��.and e:�di of them.shatl be eTititled to enforce pa}•ntent and pedormance of any�ndebtedness or
<br /> � obligation secured hereby and to exercise all rights and pon�ers under this Deeci of Ttust or under am• loan insuument o- other
<br /> agrcement cr any lan•s nor on c�tcaficr cntorccd not«7thstanding some or all of the indebtcdncss and obligations sccured hercb}•
<br /> �vhich may uow on c�rcaficr bc ott�crn�se sccuxed. a�hcther b}• �nongagc. dccd of t�vst. plcdge, licn, assignmcnt or othencise.
<br /> _-_ __ - ,.T..:.f.,..��,P������a�rrn nf chis Dced of Trust nor its cnforccmcnt. �shcihcr b}•coun action or pursu�nt to thc po��cr of salc or othcr
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<br /> • po�ti•crs hcrcin cantaincd.shall prcjud�cc or�n am manncr affcct Tiustec's or thc Bcncfictar}�'s ngttt lo rcai�zc upon or cniorcc:dm
<br /> othcr sccnnn• no�s on c�rcaftcn c�ld b}� T'ntstec or thc Bcncficr.in�. ll bc�nb agrccd thai Trustcc and thc BcncGaan�. and cach of
<br /> them. shall be cnutled [o cnforcc this Dccd of Trust and am othcr sccunn nu�3 on c�re:►ften c�ld bc thc Benefician or Trustcc�n
<br /> � such ordcr and manncr as thc��ma��in thcit absolutc discrcuon dctcrnunc No rcmcdy hcrcin conf�rrod upou or rescn�cd to'Trustcc
<br /> � or Bcncfician•is uncndcd to bc cxcliesi��c of am•othcr rcmcd}•licrein or b��law pro��tded�r permtttcd.but cach shall bc cumudati�•c
<br /> and shall bc in addnion to c��cn� othcr r�mcd}• gi��cn hcrcundcr or no«�on c�rcaticr cx�sung at la«� or cqwtr or b}�statutc Eecr}
<br /> po«�cr or rcmr.d�•b���cn by am of tlic loan insuUmcnts to Tnisicc or thc Hcnctician� or to �shich cithcr of tlicm ma} bc oihcnusc
<br /> ± cnuUcd ma}'bc c�crciscd.�oncuncntl}�or tndcpendcnth.from umc ta umc and as oftcn as ma) bc dtcnud c�pcdicnt b}•Trustcc or
<br /> Bcucfic�ar�•.and cnlur of thcu�ma} pursuc uuonsistcnl rcmcdics i�:uthmg hcrcin shall bc constnicd as proh�b�ung thc Bcncfician
<br /> � � � from scekmg a dcficicnc}•�udgmcnt ag:ttnst Tnistars to Uic c�ctcnt such actton�s pcnmttcd b} laa
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<br /> 13. Trustors hcrcb)� rcqucst a cop} of am• noucc of dc[ault and that,mc not►cc of salc hcrcundcr bc madcd to 1'n�stors at thc
<br /> address set forth m thc first pangraph of tlus Dccd of Tn�st
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