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<br /> . 'l. 'fhc Det�e4iciary sii�ll havc the ri�;ht.po�scr nnd authority d�rrin� Ihe coniinnance of Ihis Acecl of Tnist to collect thc rcnts, �
<br /> � issucs nnd�irafits of thc property nnd ot any personal praperty locatcd �hcreon �ti•itL or �sitf�out ink►ng posscssion of ihc peop:,rty ,
<br /> af7cctcd I�crcby,nnd Ttustors hcrcby absoltucly and unconditianally assign nll sucl�rcnts.issucs r►nQ profits to th�bcncGcEary. Ttic �-
<br /> ' bcncilclary.t�ou�cect, IicrcUy conscnts to Tn�stors'cAllcction and rescutiou of Euch rcnts,issues and profits, so long�s'fnistors arc �
<br /> �;. �� not, �d such oime. in t9cCault tvith tcspcct to payment oP���y�udcbtcQticss sccurcd hercby,or in thc perlorm,uice of any asrecment ��
<br /> � hcrcundcr. IP any c��cnt of dcfn+dt dcscrib�cl hctcaftcr in respcct to ti�is Dccd of Tn�st shall Uat•c acutrcd and bc ca�Unutng,thc �
<br /> Gc;��cPiciary�,��s��►i�att�r of right and�titithout ttnticc to'Pm�tnrs nr nuconc clnim�ng ondcr'I'n�stors. nnd avitlia�U rcgi►rd to thc vnluc of i .
<br /> � � thc�rust cstatc or thc intcrest of thc Trustors thcrcln, shall havc tl�c right to ngply to nny wurt having�utlsdictian to appoin� a ;'-
<br /> :` rcccEvcr of Ihc property. ' , �
<br /> . . -- 8. Thc ficncliciary, or its agents, 1rc authorixcd to cntcr at any rcasonablc timc upon or in nny part of thc property for thc :
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<br /> �• purposc of inspccting thc samc an�for thc purjwsc of perfonn�ng any�of thc acts tlicy�rc nuthonxcd to perForm under thc tc�ms of
<br /> any loan instn�mcnts cxcruted by Tcustors.
<br /> , 9. if all or any part of the property or an3�interest nf Trustars is sold, tamsfencd or Pimher encumbered without the tvritten
<br /> consent of the Hencficiary,the Hencficiary niay declare all sums sccured bS•this Trust Decd to be immcdiately due and pay�able and
<br /> proceed to the rcmedies available to it under the default pravisions contained herein.
<br /> D0. Any of the foUotiving events st�all be dc:.med an c�•ent af default hereunder. - :
<br /> " • A. Trustors shall have failed to make payment of any�installment of principal or interest or any other swns secused hereby�vhen
<br /> � • due; .
<br />"�' � b. Thete has cxettrred a breach of or defaull under any term. covenant, agreement. condiqon, provisioi�, representaUon or . __
<br /> -- ".. �varrinty contained in this Dcxd of Trust,lhe notc or anp other loan instrumcnl sccucul licrc.�y; �.}.f�;-":,'
<br /> ' c. There has boen a default by the Trustors in the paynnent of any prior or subsequent lien ar er,cum6rance in respoct to all ar any �• ��.�_-
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<br />_ . � part of the property: �Y:'�'�r,,,,-�:`
<br /> R ' d. Tnutors shall file a voluntary petition in bankruptcy or stiall be adjudicated bank�upt or insoEvent, or sl�all ma�ce nn ��, :���;`�'
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<br /> � accignm�nt for the benefit of croditors in respect to ihe propem•:or an acuon ro enforec any lien or encumbrance or jtidgments .,,,;�3„�,,,__
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<br /> a�31[LSt tt�c properiy is coir.ch��ad. - �����
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<br /> :� D1. In th�e�•ent of azag•default,thc Beneficiary may dcclaro all ind�tedness�oc.vrcd hereby to bc duc and payable and the same � .:',�r. ;,�-
<br /> shall thereupon beeame duc and payablc without any presentmcnt.demand protest or nouce of any kind. Ttiere�ftcr,the Bcneficiary Y��=j'"'=�
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<br /> t� maY: �-��•^�
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<br /> � a. eithe� in person or by a�ent, with or without bringing a��}� ac�ion or proaxding,or by rcoeivcr appointcd by� oourt and ,�,}�. +:7
<br /> '. • � . aithout regard to thc adequacy of any security,enter upon and take pessession of the property, or any part thereof, in its orvn �
<br /> '� namc or in the name of the Tmstee. and do any acts wtuch it neems necessary and dcsira'vIe io p��vc uie vaiuc, •�; ;�
<br /> . marketability or rentability of the propeny, or part thereof, or interest therein, increase the income therefrom or protect tht ' �
<br /> ' securi¢y hercof and,�vithout taking possession of the propeety.sue for or othern�ise collett the rents, issues and profits thereof,
<br /> , ;�'; . icecluding those past due and unpaid and apply the same. less wsts and expenses of Qperation and collection, including i t.,�
<br /> , ,. attomey fees,upon any indebte:�ness secured hereby,all in such order as the Beneficiary may determine. The entering upon �,
<br /> and taking possession of the in�t estate,the collection of such rents, issues and profits and application thereof as aforesaid ��
<br /> � � shall not cure or �vaive any default or notice of default hereunder or invalidate any act and in response to such default or ''� .
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<br /> �� ° pursuant to such noure of defa�.9t and nonvithstanding the continuance in possession of ihe property or the collecuon,receipt ,,.
<br />- and applicauun of rents,issues ov�so�its.Trustee or the Beneficiary ma}•be entitled to exercise every right provided for in any ,..,, '�.�'�y',:
<br /> of the loan inswments�r by lau��a�pon occurrence of any e��ent of default,including the rigln to exercise the power of sale; ���;�-`*�..•�
<br /> b. commence an action to foreclose this Deed of Trust as a mortgage, appoint a receicer, or specificaliy enforce any of the •°•;:i��.;; �
<br /> COVCIIantS hC[txlf _�1c�v�`+�` ''�_�
<br /> r��:�M� ��:
<br /> c. deliver to Ttastce a written declaration of default and demand for sale, and written notice of dc.�'auit und elocuon to cause *�,_„,,,r,. �:%-__---
<br /> s.44�_�
<br /> • Tmstors'interest in Qie property to be sold,w�hich nouce Trustee shall cause to be dui}�fiIled for record in the official reoords '.:•,.;pi'•';:�_.�
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<br /> ,, of the wunty in wluch the prop�rtv is located. �'.���,'-!��'��`Fy�;�
<br /> • ' 12. Should the Beneficiary elect to foreclose by exercise of the po«•er of sale herein contained, the Heneficiary shall nuin�Fv'Trustec `�:�F��`.:�t�=_.�-�
<br /> and shall deposit aith Trustce this Decd of Trust and the notc and such recei ts and cvidcnce of e nditures made and secura�3 �� -��
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<br /> hereby as Trustee may require,and upon request of the Bcneficiac}�.the Tnistee shall cause t�be nxorded,publishod and delivered , +�,��� .`^ .
<br /> to Trustor such Notice of Default and Notice of Sale as then reqwred b}•law and by this Deed of T[ust.Trustee shall�vithaut demand • �i'�'.�C
<br /> . :,,._.�..�;•. _
<br /> �� on Tru.�noT,after such time as may tlnen bc rc�uired by la�v and a2'ter recordarion of such Notix of Default and after Not�ce of Sale ,; ;; -�.���
<br /> havin�been given as required by law•, seq the property at the ame and place of sale fixed by it in such Notice of Sale, either as a
<br /> ,_ „ �vhole, or in separate lots or pazccls or itcros as 'trustce shall deem expedient and in such ordcr as it may determine, at public
<br /> auction to d�e highest bidde�for cash and sltall deliver to such purchaser or purchasers thereof a decd ta the properry sold,oonsistent
<br /> �� �vith Uie taw then in effi�t. Rccitals in the Trustce's doed shall bc prima facie evidence of the truth of thc statements made thcrein.
<br /> - -• Ttvstee sliall apply tt�e procelxls of the salc in the follotiving ordcr: (�)to all reasonable costs and cxpenses of the sale.including but
<br /> not limitod to Trustee's fees of not more than 2%of the gross sale price, masonable attomey fas and costs of atle evidence:(b)to all
<br /> sums secured by this Deed of Trust; and(c) the excess, if any. to the person or persons legally entidod tliereto. Any person
<br /> including thc Beneficiary.may purchasc said propert}�at said salc. Trustcc ma}�tn thc manncr pro�•idcd b�•la�r•.postpone s��le of all f
<br /> � I or any ponion of dic propcny. '
<br /> � �` 13. Tnistce and the Beneficiary, and eacl�of them,shall be cntidcd to enforce payment and performance of any indebtedness or � �
<br /> � , obligation securcd hercby and to exercise all rights and powen under this Dee�of T�ust ar under any loan itutnunent or other
<br /> . agroemcnt or any la«s nor or liercaftcr cnforocd notwithstanding somc or all of thc indcbtcdnc.a and obligations sccurcd hereby _
<br /> which may now or hera�i�cr be athernise sccured, �vhettur by mongage, deed of trust, pledge, lien, assignment or othenvise. I
<br /> u�.�.�,.�e o,.,.,...�,.,,.,.„r rh��ncrd��f TnLCt nnr its cnforcemcnt. �ti�hcther by coun action or pursuant to the potir•er of sale or othcr
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<br /> pot�•crs hcrcin containcd.st�al��+rcjndicc ar in any manncr affcct Tn�stec's or thc 9cncficiary•'s nghi to rcalizc upon or cnforcc any ,
<br /> oiher security no�v or herea[ler lield by Tnistce or the aeneficlary. �t be�ng a�reed thnt Tn�st..�e and die Benefician•, and each of
<br /> '" tliem,shall be entitled to c�uorce iius ueai ni Trust and any ott�er secunri•no►v or hereaftet l_�!Q ti��!hr F3rnnf r�:�n,nr Tn�stee in
<br /> such ordcr and manncr as thcy may m thcir absolutc discrction dctcrminc. No rcmr.dy hcrcin co�dcrrcd upon or rescn�crl ro Trustcc �'
<br /> - or Bcacfician• is�ntended to be exclusn�e of any other remod}•herem or by la�v provtded or pernutted.but each shall be cunmlatn�e
<br /> �� and sliall bc in addition to c�•cr��othcr rcmcdy gi��cn licrcundcr or nou�on c�rcaflcr cxisting at la�v or equin• or by st:►tut�. Eccr�• .
<br />—= po«•cr or rcmcdv givcu by any of the loan instrumcnts to Trustee or the Bcneftciary or to �duch cithcr of thcm may be othen���se .
<br />� • CnYitled may be exercised.concurrontl�•or mdependenth•.Gom time ta time and as often as ma�•be deemed�rpedient b}•Trustec ar
<br /> • „ , Beneficiary.and e►ther of them ma}�pursue inconsistent remedies. Nothing herein shall be construed as prohibiung the Benefician•
<br /> a Gom sccking a deficicncy�judgmcnt against Trustors to thc c�tcnt such action is permtttcd b}•la�v
<br />-�_ • • 14. Tcustors hcrcb�• rcqucst a cap}�of am• noti�c of dcfaWt and that an}•noticc of salc hcrcundcr bc mailcd to Trustors at thc
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