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<br />is sold, transferred or f-zther ro,-ult"red es,; or vrit-roc onn
<br />'
<br />Beneficiary mov, at Its sole OPEon- it""are all sims . secured tv this hied of lrast tO tO imme, istPlv
<br />ioTts contained s
<br />,due and payable anal TrDceed to the re-mtm�ien avaiiahie t.- it anoor t!�o de�ault 11rovi
<br />herein.
<br />11. Event_ of Default. Anv of the following events shall be deemed an event of default hereunder:
<br />(a) Truster shall have failed to make payment of anv Installment of interest,
<br />principal or principal and interest or anv other sums secured hereby when due;.
<br />(b) There has ticcurrLd a hreach of or default under any term, covenant,
<br />agreement, condition, provision, representation or warranty contained In this Deed
<br />of Trust, the note or an-.• other loan inst-.urnent Secured hereby;
<br />(c) There has been a default by the lrustor in the payment ot - , anv prior or
<br />subsequent lien or encumbrance In respect to all or anv part of the property;
<br />(d) Trustor -.I-.all lj?.e a volluritar, petition in bankruptcy or shall be adjudi-
<br />cated bankrupt or insolvent, or shall make an assignment for the benefit of creditors
<br />in respect to the property; or an action to enforce any lien or encumbrance or iudg-
<br />ments against the property IS commenced.
<br />12. Acceleration Upon Default. In the event of anv default, Boneficlar, -,tav declare all indebtedness
<br />without any
<br />paya'ole, and the Same shall thereupon become due �,d -�,.avable witl
<br />sec-area herebv t,1 be due and -
<br />presentment, demand, rorest or notice of any kind. -hereafter, Beneficiary may:
<br />,a) either in person or by agent, with or without bringing any action or pro-
<br />ceedj-,it, or 1)y receiver appointed by a court and Othour regard to the adequacy ,f
<br />anv securitv, enter upon and take possession of the nroperr�,, IT I anv part thereof,
<br />in its own. name or in the name of the Trustee, and do an-; acts wnih, it deems necessary
<br />and desirable to preserve the value, marketability or rentability of the property, or
<br />:,art thereof Sr interest therein, increase the income therefrom or protect the Security
<br />hereof x�d, without taking possession of the 7ropertv, sue for IT Otherwise collect the
<br />d all I he
<br />rents, issues and Profits thereof, including those past due and unnai , d apply t. lt on
<br />less costs and expenses of operation and collection, including aztorrieq fees, 'lie P
<br />as Beneficiary "� detem- Inc- "
<br />an': indebtedness secured hereby, all in such order -itch rents.
<br />,titeri n ng upon and taking
<br />,ossession of the trust estate. the collectiln of n
<br />Issues and crofirs and application thereof as aforesaid shall not cure or waive anv de-
<br />fault or notice of default hereunder or Invalidate any act =e in response to such
<br />de-
<br />fault or pursuant to such notice of default and, -O.otwith.�t,,nding the continuance in
<br />possession, and application of rents. issues
<br />.es�qj�cn of the property or the zclic receipt
<br />o profits. Trustee -T
<br />r Beneficiary may be entitled to exercise ever: right provided for
<br />in . an N, of tile loan Instrl=ents or ))v law upon occurrence of anv event or default, in-
<br />cluding
<br />, the right to exercise the power of sale;
<br />ib) commence an action to foreclose Ibis deed of ' rust as a appoint
<br />receiver, or specifically enforce zm,• of the ca,.-enants herec":
<br />f, deliver to lr.lstee a writ en cieclaration If -;efault and dar..and fez -sale.
<br />ant a written notice of default and ciectjol r cause rustor's interest in the propert., y
<br />to be sold, which notice Trustee s11311 cause to e - n
<br />,1. s
<br />filed fcir record in the official
<br />records of the counr�: in which the properv.- is located.
<br />Foreclosure Id � -, eel: se exercise of Vile power
<br />by Power of Sale. Should BenefJclary elect to �c
<br />salt, r;erein contained. Beneticiar-, snail notifv ruFtee and sril2 deposit with Trustee this Deed of
<br />secured herebv as Trustee
<br />"rust and the. note and such receipts and evidence of expenditures made and sec ne Register
<br />mjy require, and upon request cf the tieneficiar'... tr.e "Tusle, shall fi7� 'IT l-ec"J, 411 St
<br />of Deeds office in the County where the property is located, a ncti---e 0" llefaultr, setting �orrh the
<br />runt as recorded in said
<br />name of the 'Irustor. Ito Book and -Pape or Document No. L,4 this fit�ed of hat a breach
<br />the t1le legal de te and t
<br />Eegister of Deeds office, oi t.ic. ao1_e_&.,crin,d reai e.ta
<br />of an cbll-iction, for which said real estate was convc-,-ed -is occ,,;rr.d, and setting forth
<br />satisf'.
<br />the. real �,ate the '11,11gation;
<br />nature of such breach and the Trusteu'P election to s"3
<br />and after the lapse ,f net less than one (1' month, the lru,t shall Oi-c' written llot4ce of tile time
<br />and place if Sala which coati' be between 9:0,'1 a.m. and 7- p.m. .,it Lile rrer.ises, or at 11it, Courthouse in
<br />t! binr the pro7�ert,, t,1 ile sOd 1" it legal descr'P-
<br />t:r Countv wherein such pro?ertv IS located. Jescrl 1 cIT1.13 the ('oupt, wnerein such
<br />,ion, said notice I(, he Pub2iSncd In a newsnnper ol �!erela I tlo,l in be at
<br />property is located, lnc*� a week for five (5) conseclltJve weeks, l"t ' least
<br />c2av,, !,ir o the sale; inrl tht- lrustcv Shall then sell
<br />�..,at: not more r.�an thirt', (Y;,i rrovi6ed ry law in effect
<br />said ,
<br />.ro,erty at tne time. and place esiinaced in I!— "anni"
<br />at the time of filing said notice, at public auctiol, '11v h4gh, :,;dd,!r and shall deliver
<br />wl - h time.
<br />to such purchaser a deed EL, til, property sold, COTI6Istent lih the law In 07 at t-1
<br />Upon receipt. of !be price bid, Trustee shall dellver to ihe cur chasc, Trt', jeel co-livev'ng the
<br />nrcpertv Auld. Recitals in t?-,e Trustee, sj.L_e' prima eviJen tr trttli If he s
<br />tate-
<br />ments made thrrein. Jruste,. shall apply; Lhe roLJ I:) 'tic In t!i oilowing oidvr: (a) to all
<br />reasonable costs and cxPensc!s cli "I", sale, ancludinv, 11t t-o[ llimlt,d to, '!r '., �eec of lint more
<br />a e. 0,
<br />L �'Ost�- of L4t1" ev' elle t c
<br />of the �,Eros s��i�le price, reasnnaole attIrtle% fe all
<br />sums secured by thin :iced vi Trust, and (c) the exces�, j_, i1n,*, to the. person !r persons 1c 11V en-
<br />titled t'.'wreto. person. Including, 11.t-wfioiart', ma, !-.4d pnqpert%: at Bald sale.
<br />Cou !11 `,r di r,4, nostvon the ale from
<br />titTIc to time until, it be completed and. if'. .r, such tico 'I ;Iolt oonein'tit mall Ile eiven
<br />and 1,1;2 1X !' 'T the 'al'-: ;,re-
<br />puclic dv )prat J m trre"I �,, 'ch Ut Tio, !ii�.
<br />bet'. i�k- ,, r 1) C1: N!
<br />. If , :;,I 1!�;W �1;1
<br />sa I I, , no t i , e t 1,ervlf gii,i I I rA vel In " he. same manner is ifs :1nt i ( e of 1
<br />Remedle" %ot 1: , Xclusive. �rut,lei- a:id X"A Acl' of thle", s"'11 `nt it !,-,I to 'n- rights
<br />I orc, pa-rTteret' ari-d- t�,rf�-rrwn'c_v of am 7 nde bt cdt)" of, I I t".t I o". Lt7 e,J !i(-rvl,v and xerc Ist, all rip,
<br />em 31 !a.,
<br />and pu.er, under '.01 field 11! II'Llet or Indler tow loaf, 111', It n, , new or
<br />hereaft ent!:,r,ed. ,r* or all of ti,e IndOted :1,ic4 Ii'll, c1irt'd he by
<br />whisk ma... 1!-,t zI '. ,Iwr�! ut d, u!L�,.11,-i . J.''I ": 1? ' ."t . !,l ,1d,;,-, li'n.
<br />:,�;,zt ii�,r lif, 1 court
<br />m,,nt, ;,r J ot lj�l, ;)ov,+ ,t
<br />J,,r.1 Ir. %(-I ! 11"T I hI a,
<br />sction of I o * i ;wer : ' . , it I e rather TWel her f t 1 1 1 t a l t l"i '11" i 1 rt, 4udl, or til all,
<br />manner ai f •ct - i-M 's 'r )it ll(l it :I 'I" i�.ht t, , e it i.t x r n1 or
<br />ra-Id rkit,tri- .,t h.,I)0,1:,Imr. ajert'-e. It!.. h A them,
<br />�'T 00rc-11 r I A 1'.. 1 i AuTo-
<br />r et
<br />v� eat I I led - �� . •i,� , , t, I , :1-
<br />'r "t i In (Ir:t gi!,.i nal�Tlc? ;rr
<br />i, t, I Tq I— . ' i , . vl , I I' ? I 1 1! ;14 t " ( tv1 ! , i I '), 1 P 4 1 r: I s
<br />f I vt ol- �,
<br />e r'.111 f I;'; �v 1 aJ, d 1 pet nilif'o.
<br />a,r !r on, t. retwdi 't A 1-le
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