. . . . .. . < .. . _ , . .r--. . _�c�..
<br /> ;.r `r ..:s'e:..y� - .. � i. c__ �s7' '3� �_ l � � �l �(
<br />: • • 9 5 d����� �;'
<br /> , �_
<br /> Beneficiary, Beneficiary may, at �te �ole op�ion, declas�e all �°'-`_`�
<br /> au� se�ured by �hio Deed oe�Te Savailab3.e�odittunderuthe dep�y � 4r,�_
<br /> abie and proceed to the rem �,_.
<br /> ` fault proviaione contained herein. c_
<br /> ` Any of the followirig event� ehall ��':
<br /> 11. '°^ --
<br /> be deemed an event of default hereunder: �
<br /> . ��:�
<br /> � (a) Truator ehall have failed to make payment or any °�=�
<br /> inetalltnent of intereet, p�cincipal or principal a.nd intereat cg ��;"`--
<br /> aay otheP sum� secured hereby when due; ��_
<br /> (b) Tizere has occu�ed a b�each of or defaialt unde� an! °
<br />�� term. cov-��t, agreem�nti. condit3.e�n, p�'ieian, rep�es�.tation ', '
<br />`t`� �a ayarra�'t� ��a�t.a.isz2d an ici�is D�� c�� '���, the no�e o� any ': '�`;:
<br />-::E , �;um��t s���' h���t';, [�'r�
<br /> �y�j ' 'V'f�' � �va'�'Q .��.'"rL� �!.
<br /> � . ,.y�-
<br /> � �y ,s.��..Tiy S � t'-:
<br /> -�• ��! "�eL�v �s �u-:r� � �.�.��,�:�.� Za� �..�� .'2l�rs�Y�y ,�.�a_ ti� �.�� �
<br /> ra,ni.
<br /> -��. e�� azn;� ���� �s �7�.r�-�-�.n�sit �:r� � +r�t.�:r.�.,�-��� 3� �s�e�i� �� � � �:
<br /> cz� � �"�''= cr� �,� ����,r:
<br /> -- �:
<br /> ::`°%r:: —
<br /> tdj Truetor ahall file a vo�.untary petitioxi in baa3m�.y��cy� �
<br /> • or ehall be adjudicated bankrupt or insolvent, o� sh�ll ma,It� � __
<br /> ''�� aesignr�eat for the bene�i� of csce�itors in respect to the c-�
<br /> prop�s�ty; or an ac�ion to enforce any lien o�r eacumb�ance or `_
<br /> judgme�te agai�et the Property ia commenced. ��
<br /> . 12. a�..Qi praei o�v�ao naf���±1t. In the evea� og aa� de- =
<br /> fault, Benefici�ry may d�clare all indebtec]aeae secu,:ed he�eby to : �
<br /> . b� due and payable, 8reeentmr�at� demand,�proteat o�cno��.ceeof aay
<br /> pa�yable v��thout any p ' -
<br /> " � kind. Thsrea£ter, Benefgciary may: . . f_•
<br /> �-
<br /> �`�. � ta) either i.a �ersan or by ageat, with oz� w�thouL- bring�.ng __
<br /> any actioa or proaeediag, oz by receiver appo�.n�ecd �xy a cousct and� .
<br /> wi�thout regazd �o the adec�uacy ef any aeeurity, �nte� ugaoa and
<br /> ��� take poeaea�faa of the Propesty. or any pa�'t t1a��aog, ia ite o� �
<br /> aame or in the �a�s of the Truo�ee. and do an.y a+;.��.wl�.i��h it �
<br /> ' deems necessaicy �d deeirable to precesve th� vr�lv.+�,. . �
<br />',::',::•�. � �r�rketabilit� vs ��ntability af the Prope�ty, a� ��� ��eof or . -
<br /> ��t;�reat thereiaz,; .�ncreaoe the i.rs.come therefczem,.,c�r. g�c+tec� th� l-�
<br /> ��:aritp herea€�� �and, without t�.mg goeses�ic� �' ��e Propertls�u �; —
<br /> . .�ue_fQx��z o�hes^wise calleat th�. �ents, issues�a.�c�; �soE3.te - . �
<br /> •' � thereatc.�'�ncluciiag those paet d�se and ungaid, artd ag�ply the eame; � � . =
<br /> •,;.: ''
<br /> �.ees aos�a and �penees of opera4�ion and ca3�I��tfoat, includiag _
<br /> - � . �t�torney fee�. �on auY indeb��d�.�ss secwcec� In:er�b��.,,��13 in au��,i;:`
<br /> . . ;�;;iprder ae Benetic�ary may detea�a��. The en���3� u�i�n and tal;i,a,*�;,
<br /> : � . � � � peaeessfon of th� truat �ata�e, � +the coll�ectf�n 'ci5 auch rents, .,�:<; ;' ,r,-,
<br /> � � � � i.seue� and profita and ���].ication thezeef as a�a�e�a�dl shal.l u�;�: . _
<br /> ��,t�sare or waive aaa� defau�.� ox not3ce of d��ault b.a�eunde� o� �� •
<br /> `., ;. �:ihvalf.data any ��� and in xeepo�e to auc� d��aul�� asc pureuant ,ttc� .
<br /> • euch aotiGe of d�Eault and, no����.the�analing �lie ct�n�inuanc@ in.'�:. �:
<br /> posaeeaion of the P�coparty er the colZ�c�ian, rea�ipt �nd ap-
<br /> plicatcfon of rente, fesuea or profita, `�"x.�nnatee �� eenefi.ciary may
<br /> � be ent3.tled to exercise every rightc psb'c�"°�ec� fc•�" in any af the
<br /> .�_;L � loan inatruments or by law upon occu�czence c� �y event o€ -
<br /> -- aefau�.t, including the Yi.yht to exex�;se �H_ ����eY of aalef �`��
<br /> � �
<br /> (b)� commence on action to forecloae th3e Y�eed of Truet as a �
<br /> � mvrtgage, appoint a receiver, or epeci£ically enforce any oE �he � -
<br /> �� covenante haseof;
<br /> (c) deliver to Truetea a wr3tten declaration of default and _
<br /> ' demand �or fl�le, and a written notice of deEault and election to
<br /> aause �,ruetor'e inteseat in the Property to be $old, wl�ich notice
<br /> �t�:�ec�2 shall cause to be duly filed for record in the official
<br /> ; �y�g� af the ��aunty in which �Iz� Prop�rty ia ]:ocated.
<br /> • � ��.. Forec'�aav�� 1„� .^,�rn� �^� sa?�_ �:�au1:r� B�nefic�.ary eEect "
<br /> • .. To �a,e��ose by exerc�.s� of �i:.� pcwer c� ���.� Y��rein ccs��ai.nec3.., �.
<br /> ��nefici.ary sha1Z natify.�rus���� and ahall ����it with Trua�c� . _
<br /> � ��ixe E`Ld of Txuet and the na�.�� �nd such recck��s and eviden�� �¢ �;,
<br /> '�?��'��f-i�: � �-
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