Laserfiche WebLink
F <br />86- 1�688� <br />1. Tbds.wrtys� n 006 slow and whjoat to dies, further trust that tits a Trus Wf absdl remain in quiet <br />sad s,aMaNrloa ndm of dtf Ann grintod and described premises and take the profits thereof to his awn ass wtil <br />diatoalt be stasis n astyrgoywwt },of sew irastlhnewt due an said state or an the performance of any of the etrettaww or <br />saved tiewa somesiwod tlaeela w in dtia Oaod'of Tent; and. aka to Meuse the reimbursement of the Benefienry or stay <br />other koww of amid now the Trustee or any aeba keek trustee of any and all come and expenssa incurred. including <br />ransaabls • lmW an stsomm t of any litigation which may arise with respect to thus Trust or with respect to <br />dam iodeblodmo av, , — , by mid NOW &a protection and maintenance of the property hereinabove described or in <br />obt.it alt pasrissMw of toy property after any sale which may be made as hereinafter provided. <br />I Ug" them kN,pilpismmil of sib lit iiodtts n'st+Idawesd by soli note and the interest thereon, the psymwwt of <br />&N tsar =mm baWm promWeed lets dam soM1m@M of A monism advanced or expended puwsawt to uN wNO or this <br />lmmumank and won rho It atwt of *4 outer pt+psr Maine eh rgue, eotttmWianay and expenses. the abort limeribs,d <br />propoty" be raba d mwd rreswwyad to and at tba esd of die Trustor . <br />3 Upon default in of the movements or conditions of Met instrument or of the note or ken *$MO O aanrred <br />heeebj; the tar eipry or his swigs nay without ratite and without regard to the mlequaey of seems y for the in• <br />debtetlwaa aatw either pars« lly'or by attorney or agent without bringing any action or. proceedings or by a <br />receiver to he aimpoiulad by the courty enter upon and take peamemion of said property or any part thereof. and do any <br />act which Beweiteiwy deems proper to protect the security hereof, and either with or without taking possassion of <br />grid property. evilest sad receive the renw, royalties, ism awl profits thereof. secluding rents seeesed and ualoid. <br />and apply the same. lass casts of oprratien sad calls-oisn, upon the indebterhhesa mecured by this Deem of Trusto amid <br />resew, reyshiesr knout. and pro6ls, beinig hereby assigned to Beneficiary as further security for the paytnewt of such <br />inlebtedwr m. Exercise of rights tender this paragraph shall not cure or waive any default or notice of default here- <br />under or involidata my set done pursuant to such notice but shall Ise rtemnhalive to any right and remedy to declare a <br />aefauh and to coast notice of default to be recorded as herrinafter provided, and cumulative to any other right and/ <br />or remedy its smile r. or provided by law, and may be exercisrd connrrrently or independently. F.xptanses incurred <br />by Beneficiary hereunder iwelwiing reasonable attorneys fees shalt be secured hereby. <br />t , The Truste*ovenants and agrees that if he shall fait to pay said indebtelness, or any part thereof, wban <br />dse. or shall fail to perform any covenant or agreement of this instrument or of the promissory note secured hereby. <br />the entire iwdeiladw hereby lowered shall immediately become titer, payable, and collectible at <br />the option of the BrneAdary or assigns. regardless of maturity, and thr Reneftciary or assign may enter upon said <br />property and collect the rent and profits tlsrmof. Upon such drfatdl in payment or performance. and before or <br />after such entry, the Trustee. acting in the execution of this Trust, after the notice of default has <br />been recorded, shall mail a copy of the default to each person who is a party <br />to this instrument, at the address set out in this instrument, as well as to any person <br />who has requested any notice of default and notice of sale by recording said request for <br />notice with the register of deeds in the county in which this instrument is recorded, and <br />after the lapse of time which is required by law after mailing the notice, the Trustee shall <br />have the power to sell said property, and it shall be the Trustee's duty to sell said <br />property (and in case of any default of any purchaser, to resell) at public auction, to the <br />highest bidder, first giving five weeks' notice of the time, terms, and place of such sale, <br />by advertisement not less than once during each of said five weeks in a newspaper published <br />or distributed in the county or political subdivision in which said property is situated, <br />land the aenefieiary or any person an behalf of the Rrneficiary may hid and purchase at sash ski. Such <br />sole will be held at a suitable place to be srlerted) by the Benefiriary within said county or political wbdivision. The <br />Trtatre is hereby enths,rioed to emereele and deliver to the purrhasrr ct aurh sale a sulficient conveyance of said prop. <br />erly. which com"yu es shall contain recitals; a to the happening of default upon which the execution of the power <br />of ale herein granted I pewds; and the said Ttustollwmby roustittrtes and appoints the Trustee so his agent and <br />- 1torney in feet to WAS seek recitals and to execute said rdmvr.ante and I1e0by covenants and agrees that the re- <br />citsi e M made shall be binding slid conclusive upon lheTrus for and said conveyance shall be effectual to bar all <br />eghaity er right of rodowaptian. homestead. bower. right of appraimetadht. anie all other rights and exemption of the <br />Trustoe an of winch we immeby expressly waived and conveyed to the Trustee. In the event of a sale as hemWWwve <br />praikd. the Trustorer stay lo in pesseaaion under th - Yrustor shall then become and be lewmaw holding <br />over and shalt forthwith deliver pearniou to the purchaser at such aafr or be aummariiy dispossessed. in accordance <br />with the peeyisiaws of law applie" to temote holding over. The power sad agency hereby granted are coupled <br />with an imirrvat mad tats imoreacabe N &%Ali or otherwise, and ■m granted as cumulative to all other remedies for <br />the collection of said iwieiteiwa L The Beneficiary or Amigns may take any othrr appropriate action pursuant <br />to stets or Fedwal stasis either in date me Federal court or otherwisr for the diapesition of the property. <br />S. in else event of a ale as provided in paragraph t, the Trustee shall be paid a fee by the Beneficiary in an <br />amount sot n onem of percent of the gross amoamt of said ale or salm provided. however. that the <br />comment of each roe skmN be reasonable and shall he approved by the Beneficiary as to reasonableneem. Said fee <br />•hall be in addition to the saw and expender incurred by the Tnuter in cemtiucting much sale. The amount of sixth <br />r coats and drapeaaea 9611 be idedoeted and paid from the asle'a proceeds. It is further agrrrd that if aid perry <br />dead be adyMiMd for sale in linvihh provided and not anhl. the Trnatre shall he rntitlel to a reasonable fee. in an <br />rnramml secrepta►le to the B~fw;sry for the aervicca so Mtnlr7d. Thr Trustr.• .lull also tor rrimdturre) by Ike <br />Bewrfitim7 for sell soft and expresses incurred in connect into with the ativertiaing of ■aid property for sae if the ale <br />is not eonewa owd. <br />6. Tha prdameads sf My sae n aid prdspery in aedr►rvl arses with paragraph d ahall.iie •ppli2'd'fieii io �ywaent of <br />fMw. eoaw. and oupol of Mid sale, Ilse raprataro incurred by thr Rrnr6riary for the purpoar of protecting or main. <br />faiwing said property and a r000mwblo attorneys fees: ocreeadly, to payment or the iodebte.inew secured hereby: <br />and dtirdiv, to pay soy surplus or excess to the person or per.,.ns 10-Rally rntiIW thereto. <br />7. to the I - @isl said prelarly is MW purateant to the authorization d,vntained on this inotntnaent or at a judicial <br />farechwore sale god the proceeots are not suffiritnt to pay the total intebtetaras wurrd by this intrumrnt and <br />evidroced by aid promissory note, the Brrsrfaciary will he entitled to a drfdeienry imlamrnt (or the amount of the <br />dsfiriamey without regard to approwerrtenl. IlwTruktr?rldaying waived anel sasigne+i all ritthts elf appesiaemrnt to the <br />Trustee_ <br />