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<br />:., l\ <br />"".,.,1 <br /> <br />rM,---,006806 <br /> <br /> <br />furdler' thllTMt 0Hd """,It ,~'s option, bJdIcllafed immediltely clue andpaylbteif(1)~ II', <br />~lplllld .. or......lwany IIIIIfIf whatIclIwtr ., paI1flef1hlp inte,tot. or (2) If ~fs. ~ <br />and,~orltf; ~~'"or ......1w.,-~It1QeV. .,,"'Of'.~of<~~ <br />oftl!e~Qf.,*,,"oorpor""orif aaldltorrcMlror its perent.~.... .,....,.With <br />lIiftCItIw ~!lllQl'~"or(3)ifllorrower II .1lOt1*'Itlon""'m....I..~in <br />befs oftht,~ oU).....,.Oftht.~ C1fits parent. ClQfPOI'atlon;CIf 14tlf.~;'iJY. <br />m... 1a'~Jn the.. 1*tOl1(Jf,ChIetJilllCllltlvecQfflcer of said COI'POrltlOnor its Ili!~,~t .' ....., .,.".. <br />shill haft wtiwed IIICh option to IlICIIatwte If, prior to the .., tfll'llfw or ~~fkliI!! ....' .,.", ",.... " ,.' itC.! <br />wI?om the ~ is to be lOldor trlllSftmd reach...-mem in writing lhet.thecrtdft.()fl\Nlh'~it.~ <br />factory' to ~ and thIt the i... .... on the MftI "",red IwthlsTI1lItDted'.....,............. <br />a.nefIci.., Shell request. . . <br /> <br /> <br />l2. Accal8fltlon \lIIOII DefwIt: ........: SIIe. Upon defatrit by TMtOr'in the PlymamOfew ~ <br />of thetemll and conditions of ,the ,..., or MV NftOwalt, modlflc8tionl or extlMionl~.orthe~of <br />any otMr indebtodMallll!Ulld '*-by or in the parfonnanc:e of any of the CllJIttftaMIor.....,..... hereufldll', <br />BentfIciary """ declare afllUmallCUfld heNby Immediately due and paylbte and the __....~blIcome <br />due and PI'/Ible without PNIII'Itmant, dImand, proteSt or not.ice of ., kind. Thentafter,.........., maydlltnr to <br />Truatell wrlUan declIrItion' of default and dImand for .... Truttee shill haYt the poww, of .... of the ~ <br />and if Bll'ltficllry dacidea the Propeny is to be sold it lIheIl depoIit wlth Truttee this TMt OItdand the Note or <br />notes and any other' doGumtml ewidtncint expendltures IItClUred hereby, and shill dtllY.,. to Tl'UItIt I writtIn notice <br />of default and aflCtion to _ the Proparty to be told, and Trustee, in turn, shill prepart a 1Im1... notice in the <br />form required by 1_, which aMll be duly filed for record by TrultH. <br /> <br />I"' After the '11M of such time IS mey be required by law fOllowing the recordltion of Notice <br />of Default, and NotIce of Default and Notice of SIlt hiving batn given IS required by law, <br />Trustee, without demInd on Trustor, shall .11 the Property in one or more parcelsll'ld in <br />IIICh 0Idtr .. Trustee may dettnnine on the date and at the time II'Id ~ dISignated in Hid <br />NotIce of SeIe,'1t public auction to the highest bidder, the pun:/we price pev-ble in anh in <br />..--.--.,-----.......I-monI~irfl\nlhahr.'l'tnrperl(Kn:onckll:~_may;_- <br />for any _ he or she deems expedient. postpone the salt from time to time until it. shill <br />be completed and, in ewery such c:eae, notice of postponement aMll be given by public declI- <br />ration tfIereof Iw such perlOll at the time and p'- last. appointed for the sale; providtcl, if <br />the ... II postpooed for longer then one (1' dey beyond the day deaignattd in the NotIce of <br />Sal', not.ice thereof shill be givan in the 111M menner as the original Notice of Sale. Trustee <br />shill tlCacute and deliver to the purchaser its 0Hd conveying the Property so sold, but <br />without any covenant or werranty, axpras, or implied. The recitall in the 0Hd of any <br />matters or facts aMll be concIuliY. proof of the truthful,.. thereof. Any person, including <br />without limitation Beneficiary or Trustee, mey pun:/we at the sale. <br /> <br />lb) When Trustet .lIs pur_nt to the powers h_in, Trustee shell apply the P<<lCftds of the <br />.... to PlYfnlllt of the COltS and tlCpen_ of .xercising the power of sale and of the ..... <br />inclucling, without limitation, the payment of TrultH's F_ incurred, which Trustee's F_ <br />shall not in the IIIIll"IJIte tlCcttd the sum of Five Hundred and No/1oo 1S500.001 plus 1/2 <br />of 1" of the amount. IItClUred htrIby and remaining unpaid and then to the items set fonh <br />in aubperalflPh lcl hereof in the Oftter therein stated. <br /> <br />Ict After Plying the Items specified in subperagraph lb), if the.... is by TrultH, or the proper <br />court and other COfts of foreclolUra and .... if the ... is PUrlUlIlt to judicill fonac:losure, <br />the PfOll8Idsof salt shr!i be applied in the order stated below to the paymtntof: <br /> <br />111 Cost of any ew~ of title P1'owred in conntCtion with sucll sale II'Id of tny rev.. <br />nut required to be peid; <br /> <br />12) AllIUm. than .....red hereby; <br /> <br />131 The rtmIindtr, if any, to the person legally antitled thereto. <br /> <br />13. Additionaf litcwi~ IflW\.Imtntl. Trustof', It its tlCPII'ItI, wUl exacute and deliver to the BtntflclIlrV, <br />~ upon demand, IIICh IICIlIf'tty instrumefttt as """ be required by Btnefici8ry, in form and substance IIltis- <br />'--v to 1tntficiIrv, -Iflne any of the PnJtaerty conveyed by this Trust Deed, which IItClUrflY instrumtnh <br />sheI tII adctItIoNllllGUrilY for Trustor's fei"'fIIl ~ of afl of the terms, OOYentnts and conditioi'll of this <br />TrUst 0Itd. the ~ nom __ """v, ... ., otIler ""'"tV ll'lstrumtnts exacutlld in conntction with <br />1Nt lfll\Hetlon. .... iMtNmtMI shall be ~ or filed at TMt.'. exPll'llll, <br /> <br />L <br /> <br />14. ~~ IlLtf .., rUl! TMtH. Beneflciery mey, from time to time, by a written il'lstrumtnt ex.. <br />CIl.I_ - IIIfmGwl.dlltKf by IertefloiIlrY, I'MiIed to Trustof' and I'IGOftIId In the county or counties in whietl the <br />~ II ~ _ by otfttnwi$e ~intI with the provitlons of the IIIl3liQlbl. laws of the Stat. of N.... <br />~te. __r or....~ ID the Trustet I1IIII'ltlI herein or actintI hertNndtr. <br /> <br />11. ~ Ikntfielery, or its .,... ~tativts or _limen. Ilrt authorilad to entlt' at env <br />,._ntlille lime ... or in any f.Wt of the Propeny for the PI.lI'pMe of ~"' the stm. and for the JlUfPCIItI 01 <br />!*....'MiIlt IIflY of the... k ilIlIUttIorlhd to perform tlOOM the terms of the Tnm DeW. <br /> <br />~, 1114 <br /> <br />hue" aU <br /> <br /> <br /> <br /> <br /> <br />-.J <br />