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86107516
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86107516
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Last modified
10/18/2011 10:52:21 PM
Creation date
3/31/2008 3:51:09 PM
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DEEDS
Inst Number
86107516
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86-- 107516 <br />SECOND: To the payment of any and all sums expended under <br />the terms hereof, not then repaid, with accrued interest and all <br />other sums required to be paid by Trustor pursuant to any <br />provisions of this Deed of Trust or of the Note, incl>>ding all <br />expenses, liabilities and advances made or incurred by <br />Beneficiary under this Deed of Trust or in connection with the <br />enforcement hereof, together with interest on all advances. <br />THIRD: To the payment of the principal and interest then <br />due, owing and unpaid upon the Note, with interest on the unpaid <br />principal from the due date of any such payment of principal <br />until the same is paid. <br />FOURTH: The remainder, if any, to the person or persons <br />legally entitled thereto. <br />3.10. Remedies Not Exclusive. No remedy herein conferred <br />upon or reserved to Trustee or Beneficiary is intended to be <br />exclusive of any other remedy herein or by law provided, but each <br />shall be cumulative and shall be in addition to every other <br />remedy given hereunder or now or hereafter existing at law or in <br />equity or by statute. No delay or omission of Trustee or <br />Beneficiary in exercising any right or power accruing upon any <br />Evert of Default shall impair any right or power or shall be <br />construed to be a waiver of any Event of Default or any <br />acquiescence therein; and every power and remedy given by this <br />Deed of Trust to Trustee or Beneficiary may be exercised from <br />time to time as often as may be deemed expedient by Trustee or <br />Beneficiary. If there exists additional security for the <br />performance of the obligations secured hereby, the holder of the <br />Note, at its sole option, and without limiting or affecting any <br />of the rights or remedies hereunder, may exercise any of the <br />rights and remedies to which it may be entitled hereunder either <br />concurrently with whatever rights it may have in connection with <br />such other security or in such order as it may determine. <br />Nothing in this Deed of Trust or in connection with such other <br />security or in such order as it may determine. Nothing in this <br />Deed of Trust or in the Note shall affect the obligation of <br />Trustor to pay the principal of, and interest on, the Note in the <br />.manner and at the time and place therein respectively <br />expressed. <br />3.11. Vacation and Surrender of Property. Upon the <br />occurrence of any Event of Default and pending the exercise by <br />Trustee or Beneficiary or their agents or attorneys of their <br />right to exclude Trustor from all or any part of the Property, <br />Trustor agrees to vacate and surrender possession of the Property <br />to Trustee or Beneficiary, as the case may be, or to a receiver, <br />if any, and in default thereof may be evicted by any summary <br />action or proceeding for the recovery of possession of leased <br />premises for non - payment of rent, however designated. <br />3.12. Successors. In the event ownership of the Property or <br />any portion thereof becomes vested in a person other than the <br />Trustor herein named, Beneficiary may, without notice to the <br />Trustor herein named, whether or not Beneficiary has given <br />written consent to such change in ownership, deal with such <br />successor or successors in interest with reference to this Deed <br />of Trust and the indebtedness secured hereby, and in the same <br />manner as with the Trustor herein named, without in any way <br />vitiating or discharging Trustor's liability hereunder or for the <br />indebtedness hereby secured. <br />3.13. Trustor Not Released. Extension of the time for <br />payment or modification or amortization of the sums secured by <br />this Deed of Trust granted by Beneficiary to any successor in <br />interest of Trustor shall. not operate to release, in any manner, <br />the liability of the original Trustor and Trustor's successor in <br />interest. Beneficiary shall not be required to commence <br />proceedings against such successor or refuse to extend time for <br />payment or otherwise modify amortization of the sums secured by <br />-.Ca- <br />
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