87100603 - Laserfiche WebLink

Browse

100603 - `.1 not cured. within any applicable grace perm. On any such went of Default, Beneficiary may at any time notice, either in person, by agent, or by receiver to be appointed by the court, and without regard to the adequacy of any security for the indebtedness secured hereby, - enter upon and take possession of such property or any part thereof, make, cancel, enforce or modify leases; obtain and eject tenants, set or modify rents; in its own name sue or otherwise collect the rents, income, issues and profits thereof, including those past dice and unpaid; and apply the same, less costs and expenses of operation and collection, including reasonable attorney's fees, upon any indebtedness secured ' Whereby and in such order as Beneficiary may determine; and except for such application, Beneficiary, shall not be liable to any person for the collection or nonc:ollection of any rents, income, issues or profits, for the failure to assert or enforce any of the foregoing rights, nor shall Beneficiary be charged with any of the duties and obligation of a mortgagee in possession. The enteri"t upon and taking possesses of such property, the collection of such rents, income, issues or profits, the doing of other acts herein authi- rized, and the application thereof as aforesaid. shall not cure or waive aasy Event of Default or notice of default hereunder or invalidate any act done pursuant to such notice. 1 . - Judicial Foreclosure or — rustee's -SaW r Default (a) Upon the occurrence of or more Events of Default as - (a) defined in this deed of Trust, or 'default by Trustor in the performance of any rather agreement here rrler, or irrtder oily insiru�t car agreement secured :hereby. Sene£icia_r'y may declare all sums secured hereby immediately due and payable and, at the option of ttre Beneficiary, this Deed of Trust may be foreclosed in the mamwr ' provided by lases for the foreclosure of tg s on real property or drily be sold in the mariner i rri the liiraasxa Trust s Act under the power of sale conferred upon the Trustee hereunder. '� . rtY area of sale conferred upon the Trustee us a hereunder, shall "use to be filed of record a m e and ion to sell such property. After the lapse of such time as then may be r�+ired by law following recordation of such notion of default, and notice of sale - havr'na been given as then required by tars', Trustee, without demand on Trustor, shall 'sell such property, either as a whole or in separate €r2irce4s, and in such order as it or Beneficiary may determine at public' auction to the highest bidder. Trustee way postpone the sale of all or airy portion of such property by public announcewhent at the time and plaice of sale., and from time to time thereafter- rrray postpone the sate by bllc announcement at the time and place fixed by the preceding - post.ponement. Trustee shall deliver to such purchaser its € eed ravey" "the property so staid; but without any covenant" or warranty, express or implied. The recital in such deed of any utters of fact or otherwise shall be conclusive proof of the truthfulness thereof. Any per^sor:, including Trustor, Trustee or Beneficiary, may Purchase at such sale. Trustee may also sell at any such sal and as part thereof _ any shares of corporate shack securing the obligation "securest hereby. tBpneficiary at its optic may alse foreckise ort such shares by indent pledge sale -a The Trustee stall apply the proceeds. of the