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84000698
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1984
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84000698
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Last modified
11/18/2008 4:32:14 PM
Creation date
11/18/2008 4:31:51 PM
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DEEDS
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84000698
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84- ~~~osss <br />Trustor's collection and retention of such rents, issues and <br />profits as they accrue and become payable, so long as Trustor is <br />not, at such time, in default with respect to payment of any <br />indebtedness secured hereby, or in the performance of any agree-- <br />ment hereunder. If any event of default described hereafter in <br />respect to this peed of Trust shall have occurred and be con- <br />timing, Beneficiary, as a matter of. right and without notice to <br />Trustor or anyone claiming under Trustor, and without regard. to <br />the value of the trust estate or the interest of the Trustor <br />therein, shall have the right to apply to any court having ;uris- <br />diction to appoint a receiver of the property. <br />1Q. Transfer of Property. If all ar any part of the <br />property or any interest of Trustor therein is sold, transferred <br />or further encumbered without the express or written consent of <br />Beneficiary, Beneficiary may, at its sole option, declare all <br />sums secured by this Deed of Trust to be immediately due and pay- <br />able and proceed t_ the remedies available to it under the <br />default orovisions contained herein. <br />11. Events of Default. Any of the following events shall <br />he deemed an event of default hereunder: <br />(a) Trustor shall have failed to make <br />paymen*_ of any installment of interest, <br />principal ar principal and interest ar any <br />other sums secured hereby when due; <br />{bi There has occurred a breach of or <br />default under any term, covenant, agreement, <br />condition, provision, representation or <br />warranty contained in this Deed of Trust, the <br />note ar any other loan instrument secured <br />hereby; <br />(cl There has been a default by the <br />Trustor in the payment of any prior or subse- <br />quent lien ar encumbrance in respect to all <br />or any part of the property; <br />{d- Trustor shall file a voluntary <br />petition in bankruptcy ar shall be adjudi- <br />a3red bankrupt or insol~.rent, or shall make an <br />assignment roc the benefit of creditors in <br />respect to the property; or an action to <br />enforce any lien or encumbrance or judgments <br />against the property is commenced. <br />12. Acceleration U on Default. In the event of any <br />default, Bone ics.ary may ec are a 1 indebtedness secured hereby <br />to be due and payable, and the same shall thereupon become due <br />and payable without any presentment, demand, protest or notice of <br />any kind. Thereafter, Beneficiary may: <br />ta? either in person or by agent, with <br />or without bringing any action or proceeding, <br />or by receiver appointed by a court and with- <br />out regard to the adequacy of any security, <br />enter upon and take possession of the prop- <br />erty, or any part thereof, in its own name or <br />in the name of the Trustee, and do any acts <br />which it deems necessary and desirable to <br />preserve the value, marketability or rent- <br />ability of the property, or part thereof or. <br />interest therein, increase the income there- <br />from or protect the security hereof and, <br />without taking possession of the property, <br />sue for ar otherwise collect the rents, <br />issues and grofit~s thereof, including those <br />past due and unpaa.d. and apply the same, Zess <br />casts and. expanses of operating aru3 collec- <br />tion. including attorney fees, upon any <br />ins~~!btedraess secured hereby, ai i, in such <br />_3- <br />
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