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200214091
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Last modified
10/15/2011 12:31:14 PM
Creation date
10/22/2005 11:16:25 PM
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DEEDS
Inst Number
200214091
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200214091 <br />order and manner as they or either of them may in their absolute <br />discretion determine. No remedy herein conferred upon or <br />reserved to Trustee or Beneficiary is intended to be exclusive of <br />any other remedy herein or by law provided or permitted, but each <br />shall be cumulative and shall be in addition to every other <br />remedy given hereunder or now or hereafter existing at law or in <br />equity or by statute. Every power or remedy provided hereunder <br />this Deed of Trust to Trustee or Beneficiary or to which either <br />of them may be otherwise entitled, may be exercised, concurrently <br />or independently, from time to time and as often as may be deemed <br />expedient by Trustee or Beneficiary and either of them may pursue <br />inconsistent remedies. Nothing herein shall be construed as <br />prohibiting Beneficiary from seeking a deficiency judgment <br />against the Truster to the extent such action is permitted by <br />law. <br />11. Transfer of the Property; Assumption. If all or any <br />part of the Property or any interest therein is sold, transferred <br />or conveyed by Trustor without Beneficiary's prior written <br />consent, excluding (a) the creation of a lien of encumbrance <br />subordinate to this Deed of Trust, (b) the creation of a purchase <br />money security interest for household appliances, (c) a transfer <br />by devise, descent or by operation of law upon the death of a <br />joint tenant or (d) the grant of any leasehold interest of one <br />(1) year or less not containing an option to purchase, <br />Beneficiary may, at Beneficiary's option, declare all the sums <br />secured by this Deed of Trust to be immediately due and payable, <br />or cause the Trustee to file a notice of default. <br />12. Acceleration upon Default• Remedies; Sale. Upon <br />default by Trustor in the payment of or performance of the terms <br />and conditions of the Note, or any renewals, modifications or <br />extensions thereof, or the payment of any other indebtedness <br />secured hereby or in the performance of any of the covenants or <br />agreements hereunder, Beneficiary may declare all sums secured <br />hereby immediately due and payable and the same shall thereupon <br />become due and payable without presentment, demand, protest or <br />notice of any kind. Thereafter, Beneficiary may deliver to <br />Trustee a written declaration of default and demand for sale. <br />TRUSTEE SHALL HAVE THE POWER OF SALE OF THE PROPERTY and if <br />Beneficiary decides the Property is to be sold it shall deposit <br />with Trustee this Deed of Trust and the Note or notes and any <br />other documents evidencing expenditures secured hereby, and shall <br />deliver to Trustee a written notice of default and election to <br />cause the Property to be sold, and Trustee, in turn, shall <br />prepare a similar notice in the form required by law which shall <br />be duly filed for record by Trustee. <br />
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