My WebLink
|
Help
|
About
|
Sign Out
Browse
88100020
LFImages
>
Deeds
>
Deeds By Year
>
1988
>
88100020
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
3/9/2007 5:40:56 PM
Creation date
3/9/2007 4:28:31 AM
Metadata
Fields
Template:
DEEDS
Inst Number
88100020
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
37
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
Show annotations
View images
View plain text
<br />fr <br /> <br />88- 100020 <br /> <br />interest thereon at the Default Rate from the date such <br />amount is due, owing or unpaid until paid in full; <br /> <br />Fifth: to the payment of the whole amount of princi- <br />pal then due, owing or unpaid in respect of the Loan secured <br />by this Deed of Trust, to be applied in accordance with the <br />Loan Agreement, with interest on such unpaid principal at the <br />Defaul t Rate from and after the happening of any Event of <br />Default until paid in full; and <br /> <br />Sixth: the surplus, if any, to be paid to whomever <br />lawfully may be entitled to receive such surplus. <br /> <br />Provided however, in the event the power of sale granted <br />hereunder shall be exercised or in the event the Personal <br />Property shall be sold in accordance with the provisions of <br />the Uniform Commercial Code as enacted in the state where the <br />Premises are located, the proceeds of such sale or sales <br />shall be distributed in the manner provided by the laws of <br />the state where the Premises are located. <br /> <br />(e) Beneficiary may bid for and acquire the <br />Mortgaged Property or any part thereof at any sale made under or <br />by virtue of this Article III and, in lieu of paying cash there- <br />for, may make settlement for the purchase price by crediting <br />against the purchase price the unpaid amounts due and owing in <br />respect of the Loan, af.ter deducting from the sales price the <br />expenses of the sale and the costs of the action or proceedings <br />and any other sums that Beneficiary is authorized to deduct under <br />this Deed of Trust. <br /> <br />(f) The sale of a part of the Mortgaged Property <br />shall not exhaust the power of sale, but sales may be made succes- <br />sively until all the Mortgaged Property shall be sold or all the <br />Indebtedness shall be fully paid. <br /> <br />(g) Upon the happening of any Event of Default, <br />whether or not the Note or the other Indebtedness shall have been <br />declared due and payable, and in addition to the other rights and <br />remedies hereunder and wi thout in any way affecting the lien <br />hereof or the priority of the lien hereof, or any other right of <br />such holder hereunder, such holder by hi s or their agents or <br />attorneys may, but shall not be obligated so to do, (i) enter into <br />and upon all or any part of the Mortgaged Property and exclude <br />Mortgagor, Mortgagor's agents, servants, and lessees wholly <br />therefrom and, having and holding the same, (ii) use, operate, <br />manage, and control the Mortgaged Property or any part thereof, <br />and upon every such entry; and in any such case the holder or <br />holders of the Indebtedness shall have the right to manage the <br />Mortgaged Property, to carryon the business thereof, to lease all <br />or any part thereof and to exercise all rights and powers of <br />Mortgagor wi th respect to the same, in such manner as to such <br />holder or holders may seem proper, and such holder or holders <br />shall be entitled to collect and receive all earnings, income, <br />rents, issues, and profits of the same and every part thereof, <br /> <br />-22- <br /> <br />,.--- <br /> <br />L <br /> <br />L <br /> <br />~ <br /> <br />( <br /> <br />L <br />
The URL can be used to link to this page
Your browser does not support the video tag.