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200512651
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200512651
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Last modified
12/28/2005 4:13:20 PM
Creation date
12/28/2005 4:13:20 PM
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DEEDS
Inst Number
200512651
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<br />" <br /> <br />200512651 <br /> <br />purpose of inspecting the same and for the purpose of performing <br />any of the acts it is authorized to perform under the terms of <br />the Deed of Trust. <br /> <br />14. Option to Foreclose. Upon the occurrence of any <br />default hereunder, Beneficiary shall have the option to foreclose <br />this Deed of Trust in the manner provided by law for the <br />foreclosure of mortgages on real property. <br /> <br />15. Forebearance by Beneficiary or Trustee Not a Waiver. <br />Any forebearance by Beneficiary or Trustee in exercising any <br />right or remedy hereunder, or otherwise afforded by applicable <br />law, shall not be a waiver of or preclude the exercise of any <br />such right or remedy. Likewise, the waiver by Beneficiary or <br />Trustee of any default of Trustor under this Deed of Trust shall <br />not be deemed to be a waiver of any other similar defaults <br />subsequently occurring. <br /> <br />16. Trustor Not Released. Extension of the time for <br />payment or modification or amortization of the sums secured by <br />this Deed of Trust granted by Beneficiary to any successor in <br />interest of Trustor shall not operate to release, in any manner, <br />the liability of the original Trustor and Trustor's successor in <br />interest. Beneficiary shall not be required to commence <br />proceedings against such successor or refuse to extend time for <br />payment or otherwise modify amortization of the sums secured by <br />this Deed of Trust by reason of any demand made by the original <br />Trustor and Trustor's successor in interest. <br /> <br />17. Beneficiary's Powers. Without affecting the liability <br />of the Trustor or any other person liable for the payment of any <br />obligation herein mentioned, and without affecting the lien or <br />charge of this Deed of Trust upon any portion of the Property not <br />then or theretofore released as security for the full amount of <br />all unpaid obligations, Beneficiary may, from time to time and <br />wi thout notice, (i) release any person so liable, (ii) extend the <br />maturity or alter any of the terms of any such obligations, (iii) <br />grant other indulgences, (iv) release or reconvey, or cause to be <br />released or reconveyed at any time at Beneficiary's options any <br />parcel, portion or all of the Property, (v) take or release any <br />other or additional security for any obligation herein mentioned, <br />or (vi) make compositions or other arrangements with debtors in <br />relation thereto. <br /> <br />18. Reconveyance by Trustee. Upon written request of <br />Beneficiary stating that all sums secured hereby have been paid, <br />and upon surrender of this Deed of Trust and the Note to Trustee <br />for cancellation and retention and upon payment by Trustor of <br /> <br />9 <br />
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