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<br />ls sold, trsnsfeaa-::,:" fur~e9~c~~r~d Io7ithout the express or wrltten consent of Deneficiary,
<br />Beneficiary may, at lta Bole option, declare all sums secured by this Deed of TruDt to be immediately
<br />due and payable and proceed to the remedies available to it under the default provisions contained
<br />hereln.
<br />
<br />11. Events of Default. Any of the follolo7ing events shall be deemed an event of default hereunder:
<br />
<br />(a) Trustor shall have failed to cake payment of any installm'i!nt of Intere9t t
<br />principal or pr1ncipal and interest or any other sums secured hereby when due;
<br />
<br />(b) There has occurred lJ. breach of or default under any term, covenant I
<br />agreement, condition, provision, representation or warranty contained in this Deed
<br />of Trust I the note or any other loan instrument secured hereby;
<br />
<br />(c) There has been n default by the Trustor 1n the payment of any prior or
<br />subsequent lien or encumbrance in respect. to all or any part of the property;
<br />
<br />(d) Trustor sha.ll fIle a voluntar-y pctlt 10n 1n bankruptcy or shall be adjudi-
<br />cated bankrupt or insolvent, or shall make an assignment for the benefit of creditors
<br />1n respect to the property; or an netton to enforce any lien or encumbrance or judg-
<br />ment H against the property 15 commenced.
<br />
<br />12. Acceleration Upon Default. In the event of any default, Beneficiary may declare all indebtedness
<br />secured hereby to be due and payable, and the same shall thereupon become due and payable without any
<br />presentment, demand, protest or notice of Bny kind. Thereafter, Beneficiary may:
<br />
<br />(a) either 1n pcrson or by agent, 1.I1th or without bringing any action or pro-
<br />ceeding, or by recl:1vcr nppointed by iI court nnd without regarr:J to the adequacy of
<br />an~' security, enter upon and take posBc89ion of the property, or any part thereof,
<br />1n ita 0\IIl nnme or to the name of the Trustee, and do any acts which it deems necessary
<br />lUld desirable to prest'rve the value, marketability or rentability of the property, or
<br />port t.hereof or interest thereIn, increase the income therefrom or protect the security
<br />hereof and, wi,thout taking possession of the property, Hue for or otherwise collect the
<br />rcnts, issues nnd profits thereof, including thone past due and unpaid, Bnd apply the
<br />name, leas coats and expcnacfi af aperlltian and collection, tnclud1n~ attorney fecs, upon
<br />any indebtedness secured hereby, all 1n Huch order aB Benef1ciary may determine. The
<br />entering upon and taking pnssess:lon of the trU'ft c~tl1te, the collection of such rentB,
<br />15S~.H and profits and application thereof 3S afon'RllJd shall not cure or wnive any de-
<br />fault or notice of default hereunder or loval idatc nny uct and in response to Buth De-
<br />fault or pursuant to such notice of d"fuult nnd, notwlth/;llandlng the continuance i.n
<br />llOf:HiCBAion of tbe property or the ,~olll"Ctloo. receipt: and application of rents. issues
<br />or profits, Trustee or Bl~cf1cLary m..uy be ent Lt it'd to exercise every right provIded for
<br />in ;toy of the loan instruments or by 1 nw upon ocrllrnmcc of Dny event of default, In-
<br />clud!ng the r1ght to exercise the powur f}f tMll';
<br />
<br />(b) commence on act ton to forl~c lORe l hta beed of Trust as a mortgage. appoint
<br />n receiver, or 9peclficnlly {!Dfnr,:..- any of till' CLlvenantH hereof;
<br />
<br />(c) d.eliver to Truatc;ol." ;1 \.lr1ttlm dl!l'll:rntlclO of default and dL'"ll1and for sale,
<br />and a written notice of d(l(i'.lUlt and ('II.~~~tJon to cnURO Trustor'a interest in the property
<br />to he Bold, which not tee TruHtl'H! ul\llll CllUfW to he duly f lled for record in the official
<br />records of the county 1n whlch thl- prollt't"ty tn lllci1ted.
<br />
<br />13. ~'oreclot:4ure by Power of Snlc. Should Bent..fLc1nry Idecl to foreclose by exercise of the powe.r
<br />of nale herein contllln~d, nen~flcLary ahnII notify TrUfJtf!C l1nd ahall deposit with Truntce this Deed of
<br />Trust and the note and such r~ceipta and evldem-:c- uf lntpcndltureH made and necured hereby as Trustee
<br />may n.~quire. and upon requcflt of t.he Beneficiary, the Truat~.-e ohaII file for record, 1n the Register
<br />llf Deeds office 'tn the Count)" whet"e the propertv J!; locntcd, ./l notico of dt:'f.'\ult, ~etting forth the
<br />name of the Trustor, the Book and PB.~C or Oocunu.mt No. l.)f thit-> Deed \)f Trust as recorded 1n auid
<br />R~.~18ter of DC4:~d6 offlce. tha legal dCRcrlptl11n of thl.' 3b()vc-.Je9ct'lb~d renl eutatc and that a b['each
<br />of an obligation, for ....hieh 9BId r(l'al l.!fitate WBa i:ClO;rcyed IlH ticcurity, hue occurred, and setting forth
<br />t.he natun~ of such brellch and the TruHtce I fi elect Ion to sell the n!,al estate to But lsfy the obligation;
<br />nod after the lapat.' of not less than one (1) month, the TruHteu ohull give written notice of the t1.me
<br />and place of sale which tIUly be bctw'~cl1 9:00 a.m, and 5 p.m. at tin':. pn\mlaes, or at the Courthouse 1n
<br />thl' Count~. -wheretn suth property i9 Located. dC8cL.1blop, the property to he sold hy its legal descrip-
<br />tion, said notice to b~ published in .'1 IH!WlIf'lUfler of ~~enerRl clrcul.ot'lon tn the County Y'hcreln such
<br />property is toe.lted. once Il week for f!vt.' (')) consecutive weeks1 the taRt publication to be at least
<br />ten (In) day~, but not more than thirty (30) d..ys, prior to the SLJl~; and the Trustt.'c shall then sell
<br />said property at the time and place de8i~ated in the notice. tn the mannt!'r provided by law 'In effect
<br />lit th~ t lme of f lllnR 9/l1d notice, at publlc uuct ton to the highcflt bidder for cash and shall deliver
<br />to such purchaser is deed to the property sold, conslstcnt wilh tho la", 1n effect at the time.
<br />
<br />Upon receipt of the p:-lce bid, TrUHtee shIlII delIver to the purchllse, Trustee1s deed conveying the
<br />property Hold. Reclta.ls in the Trusteels de~d Hh1111 be prima. facie evidence of the truth of the state-
<br />ments tMdc therein. Trustee ahall apply the proceeds of the anle 1n the follo1.l1ng order: (n) to all
<br />reasonable casts Bnd cxpenaea of the sale. including but not limited to, Trustee's fees of not more
<br />than--3...Jl....X of the gross sale price. reasonable attorney fees and COst8 of title evidence; (b) to nIl
<br />sums secured by this Deed of Tru8t ~ and (c) the excess. if any, to the person or persons legally en-
<br />titled thrrcto. Any person. including Beneficiary, may purchaJie said property at said sale.
<br />
<br />The person conducting the sale may, for 3ny cause he or she deems expedient, postpone the sale from
<br />time to time until It shall be completed and, in every such case_ notice of postponement '3hall be given
<br />by public declaration thereof by such person at the time and place Inst appointed for the Hale; pro-
<br />vided. lf the sale 19 postponed for longer than one (1) day beyond the date deslgnn.led 1n the not Lee of
<br />8ale1 not ice the-reaf shall b~ gIven In the same manner as t'h~ original not ice of Hnle.
<br />
<br />14. Remedies Not Exclusive. Truste~ and Beneficiary, and each of them, shall be entitled to en-
<br />force payment. and performance oC llQY' indebt~dnesg or obligation se,cured hereby and to exercise all rights
<br />and 'P01Jer~ under this Deed of Trust or under any loan instrlUD(!nt or other agreement or any laW's now or
<br />hereafter enforced, n"'twLth9tand Lng Home 01:" all of the indebtec1neQA and ob 11 K<lt lon9 secured hereby
<br />which may l'IQV or hereafter hl' othen.r1se ttccut'ed, ....hcther by tn.IJrtp,UKl!. I.h.ed of tnull. ptedgt.~_ li.~n. iUiHIRn-
<br />ment or otherwise. Neither the ar.c.eptance or thIs Deed of TruAt nor Itli enforcement, whether by court
<br />action or pursuant. to the power of sale or other pO\tlerB hereIn f:ontained. nhall prejudIce or .tn any
<br />manner affect Tru..a:ee'g or Beneficiary's right to realize upon or enforce any other security noW or here-
<br />after held by Tru9t:('e or Bcnef te:: inry, it be lng. agreed t hat Trust ee and Benef lcJary, llnd each of them.
<br />shl'lll be entitled to ~n(o.,.ce thls Deed (,r Truut and nny other 15ccurlty no\tl or her~nfter h~ld by the Hene-
<br />r ic:lury 01:' Tru9te~ l,n such order nnd manner 35 they. or either of them, may In their absolutt' dlscretlon
<br />detl!tr~in0. ~o rrnnt~dy )H~r~ln ctlnferred upon or rCNerved to TruRtee or !]encflclary to intp.ndt:!d tn he ex-
<br />clulJlvt' of nnj" olhur rll!ml~~h. htH't,!ln or by taw provided or permitted, but. e.och shall be cumu.1ntl\!'c tmd
<br />"h31l be in nddtt hm to every otlll~r remedy R,iven hcr(\'und~r or now at" hereafter ....xlt.1t lnit .'\t law or in
<br />l.'qu1ty Of by 4tntut<<. t:vli1:ry iHJ....er or remedy Jo'l,jven b... Imy of the loan InAtruClents to Trustl!{' ttf Renr-
<br />tlcf4ry or t(: which f!lth\'r of' tLem ma.{ b~ o!h~r....l~'? l.ntltlr.d mAY be Clt~rcIFl{>f~. conC'UTn!'nt l\' or lndt.'Twn-
<br />d...ntl.,. frOG t,J=e Lo tif:.., anu all Q(tlJn lUI tiUly bt.~ \1t"CilU'!d r.1qlI.~dtc['jt by Tru'ltt!(' or nenerl,~inr\.', n".1 ('i[hpf
<br />of thcra C'ltly t"UI":,IllUi[t lncCJlflsl,a~Ul 'f1l!~:.1imt.. N(Jrhlni: hf1f(ILn nhnll bt- f'~n...tru..d I'r.1hlhtt 1n~1. I\I.tl\.~flclnn:
<br />frHn D~",klf1~: .') ,!(Of1C'l~~:cy )ud~nt av.ntn~t rru~t,~r to thf' 'l'xt('nt fHwl1 ,H~ t,''fl !r. Pl'n:I\tt,'d h\' 111101,
<br />
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