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<br /> - _�`_;�`����=�� upcn and taking pooe�e�r�ian of �he PropertX, the collection oE auch rcnto,
<br /> _`�:,�:;�'�'��'� �' iesues and profize, and the application thereof a� afoz��e�id, aPiall not waive
<br /> —"`'s��°q or cure any default or not ice a� defaul� heraunder, or i.nval ida�c any act
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<br /> done purouant tio sucli notict�. Truator �e��igno to Bene£�.ciary, ao further �
<br /> �`"''���i:�:.t,;,�° security for th� performaxice of l-.he indebtedne�a ancl ob].igattona secur�d ,
<br /> �""'" hereby, �all prepaid rents and all monsye which may hav� bedn or may hereaftier �
<br /> -,�;;:'T;��.-,`�.,.p!.� ��`°:��y:
<br /> '= . ;;��� be depoei.ted cvi.th Truetor by any leseee of. the Property, to secure tho � ;. -
<br />-'�.`. � - payment of any rent ar c3amagee, and upon de�ault in the perEormance of any n£ t
<br />;}:; � »�'�' . the provisione her�of, Truator agreeo ta dpliver such rente and deposiGs ta { '�.
<br /> - 1 B e n e f i c i a r y. D e l i v e r y o f writ�en notice of Beneficiary's exc�rciBe of the � .,,r.
<br />::t'-���,4: � ,• .�� rights granted by r.his paragraph THIRD to any tenant �ccupying t h e P r�p e r t y i��:,;,:
<br /> ` , . . or any portion thereof ehall be sufficient to require said tenant to pay said �:}_�
<br /> � �•- } renr rQ Beneficiary un�il €urther notice. __.
<br /> :., a� .. _.- ;1� -_...
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<br />:->��=;,- � puR'P . If there ahall k�e filed by or againet the Truetor any petition __;
<br /> ,..,,..;:..; :' ----
<br /> - ' "';,t. or proceedinc� seeking any arrangement or composition or extenslon of any
<br /> �� ' ',.'.�".� othe� xP�.ief under ox �u.rsuanr to the Feeleral Bankruptcy Code oz• any oth�r
<br /> ' ��'' aimilar atatute as ie now or hereafter in effect, or i� the TruNtor shall be ___
<br /> ;' ;:,;:; .,� . shall have
<br /> adjL�dicated banicrupt or inaolvent or any of Truetor' a property
<br /> been eequeatered and such dec�ee ehall havP continued undischarged and �
<br /> �?`�"�� ��� � unstayed for 90 da�a a�ter the entry thereof, then the whole of ths Note and
<br /> � inciebtedness hereLy secu:.ed :.h�ll, w?thc,ur. notiee, at the option af the .4_
<br /> ���.,�;:;` , ,'-' Benef iciary, beaome due and payable.
<br /> �'• ent of or pexformance of the
<br /> �. . e . FIFTI�. Upon default by Trustor in the paym
<br /> �'� terma and conditiona of the Note, or any renewals, modificationa or. :.-,
<br /> �� ,, ,,�� executiona thereof, the payment of any other indebtednees a�cured hereby or
<br /> '�=�n in the nerformance of any agreement, coveazant or warranty h�rein contained ar
<br /> �''� '�� �� ��`�' set forth in any agreement or inetrument execui.cu Ly �i.:or�r i^ ^.�nno�tiAII
<br /> ����� with the indebtedness hereby secured, L�eneficiary may declare all �ume
<br /> � ���� eecured hereby immediately due and payable and the same ehall thereupon
<br /> � become due and payable without preee�ntmeizt, demand, protest or notice of any
<br />,;', . kind. Thereafter, Benefi.aiary may del_iver to Trustee a wra.tten declara�ion
<br /> -' ,' af default and demand for sale. Trustee shall have the power of ea�.e of the
<br /> -'�ri"�+�•���">-�xt°� ' Property and if Seneficiary decides the Property is to be eold, it shall �
<br /> . � - � ��' depoBit with Trustee this Deed of Truet and the Note or notes and any other __
<br /> .;";° ,�'""'°`�'�� documents evidencing expenditurea secured hereby, and sha11 deliver �o ___
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<br /> �>� Y �. . Truetee a written notice of deEault and election to cause the Property to .�e �,�
<br /> - • so1d, and Truetee, in turn, sha11 prepare a similar notice in the form ��.:.�„
<br /> . , %. .. ��.....
<br /> �+����� � required by law, which shall be duly filed for record by Truetee. �.,..,:.mm
<br />_�a�c+�-�....�o�s�:;,,�,:. --.-
<br /> ..='�-=�==r._�tyy�*};�;�': • (a) A.fter tkae lapse of such time as may be required by 1aw £ollowing _
<br />->-e:;:_r.-:-..�..., �',..."S'• ��ty, �'��,.
<br /> , , the recordation of. Notice of Default, and notice of Default and Notice , +
<br /> �y�• �- . r of Sale having been given as required by law, Trustee, without demand on ,
<br /> _ '. `,r Fi. ' '
<br /> _ . ;.,r, Truator, ahal] ae11 the Property hereinbefore deecribed, and any and
<br /> � � . . ;, ;;; every part there�f, in separate parcels or en masse as the Trustee may
<br /> - - ". r �' elect and in such ar.der ae Trustee rnay determine on the date and at the
<br /> . �'.
<br /> � � � '�. time and place designateci in aaid Notice of Sale, at public auction to
<br /> � ��--��-• the higl:est bidder, the purchase price payable in cash in :l.awful money
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<br /> - „�.;�,,�. .,. ; of the UnitPd Statea at the time �f eale. The person conducting the
<br /> ' sale may, for any cause he or she deema exp�dient, poatpone the sale
<br /> � � ' from time to time until it shall be completed and, in every euch case,
<br /> .�:�� , notice of po�tponement shall be given by public declaration thereof by
<br /> . ..���� such person at the time and place last appointed for the sale; provided, ,
<br /> � 'y if the sa1.e ie postponed for longer than one (1) day beyond the day `;."'�:
<br /> . ...;,,',.� designated in the Notice of Sale, notice thereof shall be given in the ,
<br /> °. ,�;;,;::� sam� manner ae the original Notice o£ sale. Trustee shall execute and
<br /> �:''.:•"+� '� de�.iver to the purchas�r ita Deed conv�ying the property so sold, buL• �,
<br /> -- '_, without any covenant or w�rrailty, expre�e or implied. The recitals in
<br /> :��'�'��,'=.".;•:; the Deed of any matters or facts ehall be conclusive proot of the •
<br /> '"� 't-`°``-�s� truthfulness thereo�E. Any person, including without limitation, �
<br /> � �:��`�? F3eneficiaxy �r Trustee may purchase at the sale. Said sale shalt be I
<br /> _� �L_ .,__._..r.... .,� ��,o
<br /> -__.-. +y F,` � conducted at the rea.l. es�ate rorming a pari �,. ��1� ri.vNca...r �r ..... ...... �-- -
<br /> court house in the county in which the Property tio be sold, or some part
<br /> - . - - - - - �k��ieoi, �s s�tuated. !
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<br /> . ;- (b) When Truetee sells pursuant to the powerg herein, Trustee shall ;
<br /> +�'`'�' ���''. � apply the proceeds of the sale to payment of the costs and expenses of
<br /> - , exercising the power of eal� and of the eale, incLuding, witihout .
<br /> limi�ation, the payment of Trustee' s fees ix�curred, which Trustee' s f�es
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