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<br />85-001851
<br />is staid, transferred or further .rncumhered
<br />without the express nr written consent of Beneficiary,
<br />Beneficiary
<br />sa#,: ���its sole option, declare
<br />due a all sums eecured by this Deed of Trust to be immediately
<br />due and payablil and proceed to the
<br />remedies available to it under the default provisions contained
<br />hercirt.
<br />L1. Hvent =of Default. Any of the following events shall be deemed
<br />PP
<br />an event of default hereunder:
<br />(a) Trustor shall have failed to make payment of any installment of interest,
<br />principal or principal and interest
<br />or any other sums secured hereby when due;.
<br />(h) There has occurred a breach of or default under
<br />any term, covenant,
<br />agreement, condition, provision, representation
<br />or warranty contained in this Deed
<br />of {'rust, the note or ana other loan
<br />Instrument secured hereby;
<br />(c) There has been a default by the Trustor in the
<br />ti or
<br />subsequent lten or encumbrance in respect
<br />to all or any part of t hefpropertyot
<br />d) Trustor shall file a voluntary petition in bankruptev or shall be adjudi-
<br />cated bankrupt
<br />or tn,,olv,•nt, or sha11 make an assignment for the benefit of creditors
<br />tr. respect
<br />to the prylerivf or at, action to enforce any lien
<br />or encumbrance or judg-
<br />ments ac;aln�t the property is commenced.
<br />•
<br />' =I _.rat 1<t Upon 14 taint. in the event of any default, Renc•flci ary may declare all indebtedness
<br />'e —red 'IC`rch to i
<br />and ;savable, and the same shall thereupon become due and payable without
<br />pr n menc d.mand,
<br />any
<br />pr ,e r ,,r notice of any kind. Thereafter, Beneficiary
<br />may:
<br />(a) either fn ;,erson or !IV agent, with or without bringing ar.v
<br />action or pro'
<br />. ecdlnF, or by re,:fver ap pn in tell by a court {tbout
<br />and w- regard to the adequacy of
<br />any security, enter upon
<br />and take possession of the property, or any
<br />In its thereof,
<br />part
<br />o:^a name r,r in the name of the Trustee, and do
<br />any acts which it deems necessary
<br />and desirable to nrc.serve the value, marketability
<br />or rentability of the property, or
<br />part rhereof or interest therein, increase
<br />the Lacome therefrom or protect the security
<br />I.tereo, and, without taktn�
<br />p„ssession nti the property, sue for or otherwise collect the
<br />feris Issues ltd
<br />r It :- !iereof, lncluding those - Past due and unpaid, and apply
<br />same I, is
<br />the
<br />lsts and xi,, -cs of operation and <- IlectLon, frtcludin�
<br />attorney fees, upon
<br />ant Indebtedness secured hereby, all Ill such order
<br />as Beneficiary may determine. The
<br />,xtering upon Ind taking possession
<br />of the trust ost ate, tilt collection of ouch rents,
<br />issuer; and profits :and application
<br />thereof is aforesa{�1 _!nlI not cure or waive any de-
<br />fault or notice of default hereunder or invalidate
<br />sn atilt In response �.. such de-
<br />fault or pursuant ro such notice of default and,
<br />notwlrhstandlnt; than cons inuanre in
<br />l —ar
<br />Pos>e.s" ion of the property or the eollect!c,n, rc•:'et. f•t 11,
<br />.and an then of {.noes
<br />or prof tt s, i'rustee nr Reneficfary ms }' he entitled to
<br />cxer Ise .•ve r�• right nrovSded for
<br />In any of the loan tnstt mnents or !'v law
<br />upon
<br />eluding the right ill p,alc„ currrn�e of an: ceent ,f default, in-
<br />exercise the ;v,wer of
<br />b) commence an action to !,e this Deed - Trust
<br />- 't
<br />:1 reel lve r, l,r r as a murty;ai;e, appo in[
<br />`API', 1� dllr enfc7re Ir. •:
<br />:•f ,.0 nvenar.t -: hrrrof;
<br />t, If •,r t I, •.,. ., o-rittun iec lard[[ in lauit an'i domand !cr =ale,
<br />and a wrlu n rite
<br />n default .Intl , -leer. loo ,.ausc''r.let ur'.• "it'-rest In the
<br />Lo t ,.,Id, 1
<br />-, property
<br />ncU inl I,dil Im ll" li!(-1! ;v r--r,i in the official
<br />of the _urt in :hl-. h,. nr
<br />-{ -r[ ^cL rated.
<br />1 r re, I -l. 'M.r I 11 Lcl i5[•nrfi
<br />I, 'n.rein rtiIn 1 ut1, lar d `ire ..- y r ;se t,I the
<br />power
<br />all not f }t• int t,e and tall jci It 'with Iri tee this Deed of
<br />I.r _ .. h r •,. Ind ii.
<br />r
<br />, n 1 t 1 i sno,• •,f ,•> ^ta!e .nd r
<br />.lu rt, and 1 st ,treht trustee
<br />'re"nr-
<br />,f r i '.tar th, ,r t. -t a Ili -ilt .nr n•, -•,rd, In c tic,
<br />th -or
<br />[1 -d.' ffl a rrt an['. vi c". t! i,lster
<br />1 pert I. ],,,
<br />t
<br />-., t t- "'r -at a J tin stir in,; forth the
<br />' t r, i ii ,,k ant 7 atir
<br />r un t' ti'f t Ir t .,, r ,rdr,i an :,aid
<br />- fit iw t vg at I,, -rl f
<br />t -f tl,. t,. e.crlhed r al ,Late id that a breach
<br />•• a i t,lt 1 f 11 salt r
<br />al 1< 'a 1teS rJ t ,11.- I urrrd, Ind
<br />- ,- tat tr. -. I< r rt and th a " �,•i[ini; forth
<br />r. st -c .I, t f n t„
<br />in,' iff r i - 11 ,tic �al ,•st�uc to s:u isfv the ohl{Rat ion;
<br />a ,f t t 1
<br />s that ,n_ f1) n,nt tl',r f u tee hall .;ire written notir,, of the
<br />'C
<br />h tavern 14 time
<br />a m and i P.M. oc th_ premt ses, Ir at rile Courthouse
<br />^., _.um „
<br />tt' wh L. ;•, i ro In
<br />pper is ir+.ICed, de: Jbinf; the p[operry ro be
<br />tion, Bald nor 1. -,• [r, ',r published In by its ]e {cal dascrip-
<br />.a n.cwvpapur n( t',ent tai rlrnllac Jon Jn the Count,, where In
<br />- such
<br />'k !or t It (5) ,- n , No weeks, the last i ul Ijcat i o to be
<br />n
<br />lot r.- than thtrr at i_st
<br />:alA daI prior tr. the sa1,; and u,. 'Fro
<br />t, '. :hall tile,, •:el.]
<br />property it ate lme and Place de Ic,nuted In lhu nottle,
<br />afar
<br />In toe manner prnvid,d b} lay In otfect
<br />at thu t:,,< "T titlna -aid notice•, it abli:
<br />; :;u tl'n to Ch, hliiii —t bidder for ,u:h and shall rl••ll vet
<br />to sl,h purl .ha r ., ,•< d t„ th,• • -rIj -,t
<br />sold, nn_ :l,t rot •.ulrh me law In effect. at the time.
<br />I t t :•i rl .rl bi'I r, r :.hall j lit [ to thn -.1
<br />fur a�a rust,, Ived -onvev log the
<br />t,eu ll -It - In le rt r, -hal if
<br />.cut_•+ t t!a it it :rt , ,tul nip!, t the of the stato-
<br />rte- Ien1rIL•t �I,I
<br />ti, sit
<br />..; ,i th,l1.
<br />lnwl �rul ;l)
<br />r a:, t tc _r. -.1 tl sale Inc (a)
<br />11 Ilnt. Lot rot Ilmtt 1 ti, lrustre,i .ill
<br />°`t A' i:r 'lie ,s nF
<br />nee more
<br />or
<br />{.[1 r. a ,.nlh 1, torn.• to,.s �arlJ ;ltlr 1•n,
<br />-tf c: ('b) to _IJI
<br />Ir.'1 -L• !,•., 1 ,t lr ,.. and 41 the ,xee -,.,, tt :Inn
<br />t ,,,, ,,, .,, �.• •� ., ,. ,r.. u,- tf :lar: -,. p,I son 'ir - - "r u:, ,cr,l_1. ,•p-
<br />ur,
<br />To o I i - !t 11 - 1f n tt a •ail frl,c.
<br />It 0 .t 1 r t! ,- ,: t I {von
<br />,Ir lee I ac t
<br />�i`� -` 7 „ tl 1'z ' "il in[ d
<br />.!nl It. tit .fslf ;nat,u In Ile notice
<br />!r,
<br />,.a et
<br />tr dMe r I ri,, nrt ,Inal au[I' II ylr.
<br />1 „a •,c 1 Iv, ; iui ii .•t.ftctar' ml a I I
<br />f
<br />r %- n v in , ea -t r In - I .It In 1 t. ha t. I •tit it { ,.tl_
<br />"bllf t
<br />r i , It mi t xl'r, I- lil right.,
<br />- 11. I •In•. I:
<br />t it" I t .r t t r Went r t •; a� . ,y.
<br />ift of :r ,',t.;twf i`(,f 111111. I?W
<br />,1,
<br />Ifil' 1a f.lt e,fnr: .Illy, i'n li iii.
<br />e li "f': IJ 1 .. t : o.,tl 'f „ ( , ..f -, • ,r. .. t'e,{ .f,'i`l
<br />,i
<br />'H•rir r tr .r'vj f1h, [ Iht 1 .. t,I .II .•I tbi ) 1 i,• Iii,.I ,•. I 1 ,••..Ji„
<br />I L t -d f r C I
<br />n r r .Ian I r -� t t
<br />al nrr t!.,I I l ,.r „- •r , la '''. a 11�tt,f . -,I. ,tl I't, I1. to ,
<br />�' '-
<br />In'
<br />it �' f t t, r I f I r!,,r It
<br />r 1•- 1: a il-
<br />If ..r •, I Y I r t t th
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