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200608869
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Last modified
3/4/2012 11:19:50 AM
Creation date
10/3/2006 4:51:21 PM
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DEEDS
Inst Number
200608869
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200608869 <br />Trustor has failed to make or perform hereunder, (v) appear in and defend any action or <br />proceeding purporting to affect the security hereof or the rights or powers of the <br />Beneficiary or the Trustee, (vi) pay, purchase, contest or compromise any encumbrance, <br />charge or Lien on the Trust Property, and (vii) take such other actions as the Beneficiary <br />or the Trustee deem necessary or desirable; <br />(b) commence and maintain one or more actions at law or in equity or by any <br />other appropriate remedy (i) to protect and enforce the rights of the Beneficiary or the <br />Trustee hereunder, including for the specific performance of any covenant or agreement <br />herein contained (which covenants and agreements the Trustor agrees shall be <br />specifically enforceable by injunctive or other appropriate equitable remedy), (ii) to <br />collect any sum then due hereunder, (iii) to aid in the execution of any power herein <br />granted, or (iv) to foreclose this Deed of Trust in accordance with Section 4.03 hereof, <br />(c) exercise any or all of the remedies available to a secured party under the <br />UCC; <br />(d) by notice to the Trustor (to the extent such notice is required to be given <br />under the Financing Documents), but without formal demand, presentment, notice of <br />intention to accelerate or of acceleration, protest or notice of protest, all of which are <br />hereby waived by the Trustor, declare all of the Obligations immediately due and <br />payable, and upon such declaration all of such Obligations shall become and be <br />immediately due and payable, anything in this Deed of Trust or the other Financing <br />Documents to the contrary notwithstanding; and <br />(e) exercise any other right or remedy available to the Beneficiary under the <br />Financing Documents or under applicable law. <br />4.03 Right of Foreclosure. (a) Upon the occurrence and continuation of an Event of <br />Default, the Beneficiary shall have the right, in its sole discretion, to cause the Trustee to proceed <br />at law or in equity to foreclose this Deed of Trust with respect to all or any portion of the Trust <br />Property, either by judicial action or by power of sale. If the Trust Property consists of several <br />lots, parcels or items of Trust Property, the Beneficiary may, in its sole discretion request the <br />Trustee to: (i) designate the order in which such lots, parcels or items shall be offered for sale or <br />sold, or (ii) elect to sell such lots, parcels or items through a single sale, or through two or more <br />successive sales, or in any other manner the Beneficiary may elect. Should the Beneficiary <br />desire that more than one sale or other disposition of the Trust Property be conducted, the <br />Beneficiary may, at its option, cause the same to be conducted simultaneously, or successively, <br />on the same day, or at such different days or times and in such order as the Beneficiary may <br />elect, and no such sale shall terminate or otherwise affect the Lien of this Deed of Trust on any <br />part of the Trust Property not sold until all Obligations have been fully paid in cash and <br />performed. The Beneficiary may elect to sell the Trust Property for cash or credit. The <br />Beneficiary may, to the extent permitted by law, cause the Trustee to adjourn from time to time <br />any sale by it to be made under or by virtue of this Deed of Trust by announcement at the time <br />and place appointed for such sale or for such adjourned sale or sales; and, to the extent permitted <br />by law, the Beneficiary may cause the Trustee to make such sale at the time and place to which <br />the same shall be so adjourned. Following the occurrence and during the continuance of an <br />12 <br />
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