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87104545
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Last modified
10/19/2011 10:39:08 AM
Creation date
3/27/2008 2:37:41 PM
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DEEDS
Inst Number
87104545
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3.07. Waiver b Trustor. Trustor hereby expressly waives <br />any right wh e�t� may have to direct the order in which any of <br />the Property shall be sold in the event of any sale or sales <br />pursuant hereto. <br />3.08. Judgmnt for Unpaid Sums. (a) Upon the occurrence of <br />any Event of au t and upon written demand by Beneficiary, <br />Trustor will pay to Beneficiary the entire principal of the Note <br />then outstanding, and all accrued but unpaid interest thereon, <br />and, after the happening of said Event of Default, will also pay <br />to Beneficiary interest at the Default Rate on the then unpaid <br />principal of the Dote, and the sums required to be pair: by <br />Trustor pursuant to any provision of this Deed of Trust, and in <br />addition thereto such further amount as shall be sufficient to <br />cover the costs and expenses of collection, including reasonable <br />compensation to Trustee and Beneficiary hereunder. In the event <br />Trustor shall fail forthwith to pay such amounts upon such demand <br />and to the extent such action is permitted by law, Beneficiary <br />shall be entitled and empowered to institute such action or pro- <br />ceedings at law or in equity as may be advised by its counsel for <br />the collection of sums so due and unpaid, and may prosecute any <br />such action or proceedings to judgment of final decree, and <br />enforce any such judgment or final decree against Trustor and <br />collect, out of the property of Trustor wherever situated, as <br />well as out of the Property, in any manner provided by law, <br />moneys adjudged or decreed to be payable. <br />(b) No recovery of any judgment by Beneficiary and no levy <br />of an execution under any judgment upon the Property or upon any <br />other property of Trustor shall affect, in any manner or to any <br />extent, the lien of this Deed of Trust upon the Property or any <br />part thereof, or any liens, rights, powers or remedies of Trustee <br />or Beneficiary hereunder, but such liens, rights, powers and <br />remedies of Trustee and Beneficiary shall continue unimpaired as <br />before. <br />3.09. A lication of Proceeds. Unless otherwise provided by <br />law, the purc�ase money, proceeds or avails of any sale made <br />under or by virtue of this Article III, together with all other <br />sums which may then be held by Trustee or Beneficiary under this <br />Deed of Trust, whether under the provisions of this Article III, <br />or otherwise, shall be applied as follows: <br />mum <br />
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