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84002286
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Last modified
11/20/2008 2:30:46 PM
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11/20/2008 2:30:46 PM
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DEEDS
Inst Number
84002286
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<br />r <br /> <br />84.-- 002286 <br /> <br />the same and for the purpose of performing any of the acts it is <br />authorized to perform under the terms of any loan instruments <br />executed by Trustor. <br /> <br />10. Transfer of Property. If all or any part of the <br />property or any interest of Trustor therein is 50-1d, trans,fe~ed' <br />or further encumbered without the express or written consent. of' <br />Beneficiary, Beneficiary may, at its sole option, declara. all <br />sums secured by this Deed of Trust to be immediately due and'p<lcY:", <br />able and proceed to the remedies available to it under tn.' <br />default provisions contained herein. <br /> <br />(a) e i thtlr in person or by agent, Vfi:t>b <br />or wi thout bringing any action 01' proceedi~9" <br />or by receiver appointed by a CQ1U:t and wit'h- <br />out regard to the adequacy of any security, <br />enter upon and take possession of the prQP- <br />erty, or any part thereof, in its own name or <br />in the name of the Trustee, and do any acts <br />wh ir:h it a"ems 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 or otherwise collect the rents, <br />issues and profits thereof, including those <br />past due and unpaid, and apply the same, less <br />cOSts and expenses of operation and collec- <br />tion, including attorney fees, upon any <br />indebtedness secured hereby. all in such <br />order as Beneficiary IDny determine. The <br />entering upon and ta.king possession of the <br />trust estate, the collection of such rents, <br />issu9s and profits and application thereof as <br />aforesaid shall not cure or waive any default <br />or notice of default hereunder or Invalidate <br />any act and in response to such default or <br />pursuant to such notice of default and, not- <br /> <br /> <br />11. Events of Default. Any of the following <br />be deemed an event of default hereunder: <br /> <br />(al Trustor shall have failed tqc _xee' <br />payment of any installment 01: inter,e:st'" <br />principal or principal and interest or any <br />other sums secured hereby when due; <br /> <br />lh) There has occurred a nreaeh of olt <br />default under any term, covenant, agreetnen't'" <br />condition, provision, representation O~ <br />warranty contained in this Deed of Trust,. ~, <br />note or any other loan instrument secured <br />hereby; <br /> <br />(e) There has been a default by the <br />Trustor in the payment of any prior or subse- <br />quent lien or encumbrance in respect to all <br />or any part of the property; <br /> <br />(d) Trustor shall file a vol""nt..~":t <br />peti tion in bankruptcy or shall be,al:!;i:,*l:li:;-, <br />cated bankrupt or insolvent, or snal1:_kean <br />assigrunent for the benefit of ct'ecU.tctt\s:in' <br />respect to the property; or an action tl);, <br />enforce any lien or encumbrance or jud~~.' <br />against the property is commenceq. <br /> <br />12. Acceleration Upon Default. In the event'Q,f~ <br />Beneficiary may declare all indebtedness secure~ he~~~$' <br />and payable, and the same shall thereupon becQme,dl)~'il:n(t; <br />without any presentment, demand, protest or no1;:icei (If:'an <br />Thereafter, Beneficiary may: . <br /> <br />....3- <br />
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