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200311854
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Last modified
10/16/2011 5:56:43 AM
Creation date
10/28/2005 3:15:46 PM
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DEEDS
Inst Number
200311854
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-18- 200311854 <br />(3) require the Trustor to assemble the Fixtures or any portion <br />thereof, at a place designated by the Beneficiary and reasonably <br />convenient to both parties, and promptly to deliver the Fixtures to the <br />Beneficiary, or an agent or representative designated by it; the <br />Beneficiary, and its agents and representatives, shall have the right to enter <br />upon the premises and property of the Trustor to exercise the Beneficiary's <br />rights hereunder; and <br />(4) sell, lease or otherwise dispose of the Fixtures, with or without <br />having the Fixtures at the place of sale, and upon such terms and in such <br />manner as the Beneficiary may determine (and the Trustee, the <br />Beneficiary or any Lender may be a purchaser at any such sale). <br />(b) Appointment of Receiver. If a Default shall have occurred and be continuing, <br />the Beneficiary, to the maximum extent permitted by law, shall be entitled, as a matter of right, <br />to the appointment of a receiver of the Trust Estate, without notice or demand, and without <br />regard to the adequacy of the security for the Obligations or the solvency of the Trustor. The <br />Trustor hereby irrevocably consents to such appointment and waives notice of any application <br />therefor. Any such receiver or receivers shall have all the usual powers and duties of receivers in <br />like or similar cases and all the powers and duties of the Beneficiary in case of entry and shall <br />continue as such and exercise all such powers until the date of confirmation of sale of the Trust <br />Estate, unless such receivership is sooner terminated. <br />(c) Rents. If a Default shall have occurred and be continuing, the Trustor shall, <br />to the maximum extent permitted by law, pay monthly in advance to the Beneficiary, or to any <br />receiver appointed at the request of the Beneficiary to collect Rents, the fair and reasonable <br />rental value for the use and occupancy of the Properties, the Improvements and the Fixtures or of <br />such part thereof as may be in the possession of the Trustor. Upon default in the payment <br />thereof, the Trustor shall vacate and surrender possession of the Properties, the Improvements <br />and the Fixtures to the Trustee or the Beneficiary or such receiver, and upon a failure so to do <br />may be evicted by summary proceedings. <br />(d) Sale. In any sale under any provision of this Deed of Trust or pursuant to any <br />judgment or decree of court, the Trust Estate, to the maximum extent permitted by law, may be <br />sold in one or more parcels or as an entirety and in such order as the Trustee or the Beneficiary <br />may elect, without regard to the right of the Trustor or any person claiming under the Trustor to <br />the marshalling of assets. The purchaser at any such sale shall take title to the Trust Estate or the <br />part thereof so sold free and discharged of the estate of the Trustor therein, the purchaser being <br />hereby discharged from all liability to see to the application of the purchase money. Any person, <br />including the Trustee, Beneficiary or any Lender, may purchase at any such sale. Upon the <br />Deed of Trust <br />NYI: #3351532v3 <br />
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