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<br />65 005068
<br />Is sold transferred or further encumbered Atbo�it the eNpress at written consent cf fierieficiar,�.
<br />Beneficiary may, at its sole option, declare all tour::: secured by this Deed of Trust to e immediately
<br />I
<br />due and payable and proceed to o the r omedleiii available to it under the default provisions contained
<br />herein.
<br />11. Events of Default. Any of the following events shall be deemed an event of default hereunder:
<br />(a) Trustor 'hall have failed to make payment of any installment of interest,
<br />principal or principal pal and interest or any other sums secured hereby when due;
<br />(b) There has occarred a breach of or default under anv term, covenant,
<br />agreement, condition, provision, representation or warranty contained in this Deed
<br />of Trust, the note or any other loan Instrument secured hereby:
<br />(c) There has been a default by the Irustor in the pavnent of any prior or
<br />subsequent lien or Lricimbrance in respect to all or any part of the property;
<br />td) Trustor shall file a voluntary :tition In bankruptcy or shal,, 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 it encumbrance or judg-
<br />ments against the property is commenced.
<br />12. Acceleration Upon Default. In the event of any default, Beneficiary 7,a, declare all indebtedness
<br />secured hereby to be due and payahle, and the same slLnll thereupon become- due and payable without an,,
<br />presentment, demand, protest or notice of any kind. Thereafter, Beneficlan, may:
<br />ia) either in person or by agent, with or without bririging any action or pro-
<br />ceeding, or by receiver appointee h a court and without regard to the adequacy of
<br />any security, enter upon and take possession of the property, or all,,, part thereof,
<br />in its own name or in the name of the Trustee, and tic, any acts which it deems necessary
<br />and desirable is preserve the value., marketability or rentability of the property, or
<br />part thereof or interest therein, increase the income therefrom or protect the security
<br />hereof and, without taking, possession of the property, sue for or otherwise collect the
<br />rents, Issues and profits thereof, including those past due and unpaid, and apply the
<br />same, less costs and expenses of operation and collection, including att;,riicv fees, _'Por
<br />any indebtedness secured hereby, all in such order as Beneficiary may determine. The
<br />entering upon and taking possession of the trust estate, the of such rents,
<br />issues and profits and application thereof as aforesaid shall not cure or waive an�, de-
<br />fault or notice of default hereunder or invalidate any act and In response to such de-
<br />fault or pursuant to such notice of default and, notwithstanding, tti, continuance in
<br />possession of the property or the collection, receipt and application of rents. issues
<br />or profits, Trustee or Beneficiary may be entitled to exercise ever• p right r d
<br />, rr Ide fo r
<br />in any of the loan Instruments or by low upon occurrence _--f any event of default, in-
<br />cluding the right to exercise the power of sale:
<br />(b) commence an action to foreclose this Deed of Trust as a mort"vt,, appoint
<br />a receiver. or —ecificail, enforce xii, of the c•veliants hereof;
<br />r4i.ten declaration ^f default anc. demand for sale,
<br />and a written notice of default and election to cause Truitor's '_..retest in ?1jr propert•
<br />to be Id, which notice Trustee shall cause to be luiv file,' f..r recor,i In -'�u official
<br />records of the count,, In which the property is located.
<br />1a. Foreclosure b, power of Sale. Should Belief iclar, elect to teret ; o '* , Xt - 1— et tine -�
<br />we
<br />f =ale herein far sha notify Trustee and shall deposit it! Trustees LIA, � r
<br />Trust and t illit" ;!Illu u,.. rli- l-,iTI and 1.1` exp—l't,re, made and —ur,al i.,rvb, as 'ru,-,-
<br />mac require, and ipur. r.- .guest of the ' ';
<br />lar' !h il
<br />L 7ru'Lee shal) file for rec"r, Ln the kegs ra..r
<br />Deed, offi�' in the Count" 'i-re t�e ,,rnperti. 3 police 1� "I'filolt, 11!tioi� fort!: ',I!,
<br />name of the iiii, Niak and Page or Document No, f this Do— of 1ru,i, ; rok,rded in said
<br />%egl ter -if ^pads "ffi' the legal d"'riptlon oI 0., re"! '-'tat, ilod inat , "T'.—n
<br />f a, "I'ligatio" for V;Ii'n 'ald 7t,o,' . I,t, wz,•; oi—rt-n, :eid "ettini" forth
<br />the nature -.,f •,uc:; breach and t r". : ru�.te'. rle tint T t' , real o, T'it , t at ti- of 11 gat
<br />ar,d after t. i, e , a pt., of not I e - , i, t i, it N one- mono:, ! h " 7 ,rust"' f _.1.. i v ( I J oil T1 o 1 the time
<br />and place of F.d"e wnlc�' mw -'t, betw'e.. a.7•. -.1"d at tl'. i1r,,1:., nr at the .auft boos" in
<br />i ni County wherein cuch ;,ropii-rt• 1a located, d11 rfl i ',!it' I, ! l,i ,, its
<br />tion, said notice to be pii1b1I!;IiJ In a :,e—pai•er I y, a rat , ir' allor in the C-ini-, wher,in -4ii,
<br />:,ro;-t-rt, IF located. <rnre a wv'k to, fl— i"I 'vvto'. 14t kni !, !" at 1,.
<br />te,o (10) eays, out not t inort than tt,jri, C Vjj da.." !, r!;' aod the 1TL shall !lien
<br />,aid property at the time and plac'- designated In tti' .:,ti;', to the man ", -r provided 1•• law In , : f
<br />at the time of flllr• sz-ild n•tJi,u, at T-hil, audio" t" L11 i'1'16..? for h -ITId i deliver
<br />to such purLhascr a deed to the pr,pert• tiold, It!, tt;, )NIt in I il—t at the tins.
<br />"pan receipt of the prict, bid, lrus;I s�ial! do:1—T tt th, TT", !'.' 't' deed ""I've'Ing th.
<br />property Ia. RecJ1.1, In tht decd "hal! I,,. 11'inl'. fa, 1'. of 'i- ir'ith "f th,r 'late-
<br />ments made therein. lrutce shall apply the of the i'ale in tilk fo!lowinj: order: gill
<br />reasotIMbI c costs and elipon a�; of the role, In, Juniric !,,;I I I imit -I !,,,, liu,t, ,, fc-, il n t-
<br />ot nor
<br />t,ar, 2. 0 of o,, ,o,,
<br />a!(, ;rice, teiv,onabic ttcrne\ '.e-, allcl 't r' r it 1" evident", it :: to :all
<br />sumo, secured ov thin- Deed of "rust; and i') the excess, It .art, 10 the pvr,o, nr parson!: N,gi;; 1, •n-
<br />ha"k �'11'1 7'r-'pt'rt*" it �ald sal
<br />c.
<br />t1htrvt:,. pI�-Un, Irl(llidin.;� !scint-fit lat- ma, per, c.
<br />'11it, th, —Ii. md.". !"' an, au— he ;;r ii—mi. po,lpone the faic !rant
<br />I In, to time until it "I.&J2
<br />1, col%JJetod aWl, Ili Ill'T" ',ulh i.1c, oi po• apone-Il ..hall f( given
<br />e publl� dtLitratfor rheroof
<br />i111 lUiltl perron at the time and place I'l-T :1-pl,lilted lot -i" vale: pro-
<br />"'idud, If the "ale ;i, poi*i1poried !Or I'llipf'r than ,.-Ti• ( 1 ) day bW.'otid ti... date In 1l'e Tiot Itv of
<br />, ooi I'c 11hvic"! .hall 1, i;jv,i. H the "aln, maril".7 '11, tht, 'TiElual ;'ol i, . , ! :'al-
<br />14. Remv0e'. Not i. x, I o" I ye. I T i.e�t ipc and b"I'v t I t kir, ai'd , a, 1. "I 1
<br />1 "w it i'.0 I o "o-
<br />(olt iii'vm'"t "I'" jrfort,iiine u of ludebt -,I "�' I ii'.at 111.1 It, lod
<br />t "x't' i" all ri I-t;t
<br />and under thil, 1)eVd of Itut'l or under any loan Ir-t r,ina or '!I1LI
<br />a laws now ;'r
<br />hereafter not•ith'zaudk'g ome or all of It.•
<br />ma, li'l-att"t ", i.r'd'
<br />met" or othey I 1 a ' '"A i l i " r the a, , Vpt al"', o f f 1, 1 1. 1:•e'J tljrl ter I f ,I
<br />action ol ; u? th, ;.' r f'f !aide of "'t h, .'r' !wcr., h,rclit :'t.
<br />J,;d I : v •I hi
<br />mann.•r ff -t or f;ci,efl' lar." rttiht o."T iei, Ih, I
<br />I I ;,I.
<br />Ar,r h,id -1, ti,n,f I. lay it _Jo, r !. t and Y' 1 •�
<br />ao" ' r,
<br />"On
<br />be e"t it 1-i to vnfol o t hl�' 71e'd .,I , 1 1, i "I"! M'.' . I 'i"t � I iit I I , 't
<br />— i" 1A I -I, !ivn'
<br />L
<br />',,all
<br />Jal "r I ro,t In c o rorder nd mania, t r f I i r t I 1 1, �i'
<br />I tt' Ji,( r, I —o
<br />trIT, r 1", 1"11 r" I 'I' .
<br />1". 1
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