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<br />r <br /> <br /> <br />.' . ....i. <br /> <br />of the covenants and agreements herein made shall cauft" tmb'wfie,t~" <br /> <br />sum of money hereby secured to become due and coUeC:tU:i1~"t <br />once at the option of the BENEFICIARY, andB.tptti:t~~~;;! <br />have the right to cause Notice of Default to be glvena,fIl:lttieb", <br /> <br />premises to be sold as provided herein. <br /> <br />A. <br /> <br />It is mutually agreed that: <br /> <br />At any time and from time to time upon wrttt_~'14jjfr <br />of BENEFICIARY, payment of fees and prellenta<tiOl't;'oi' <br />this Trust' Deed and the note for endorse..nt (tn'"i\c'" <br />vf full reconvevance. for cancellation and retentibnJ. <br />wllhout affecting Ihe liability of any person tor' the <br />payment of the indebtedness, TRUSTEE may (a} CQl\sent <br />to the making of any map or plat of said property; <br />\ bi JOin in granting any easement or crea,ttng any. <br />r('striction thereon; (e) Join in any subordination or <br />other agreement affecting this Trust Deed or the lien <br />"r charge thereof; (dl reconvey. without ware-a,nty, all <br />or any part of sald property. <br /> <br />B, <br /> <br />fhe grant('e In any r('conveyance may be described as <br />"Ihe person or persons enhtled thereto". and the recitals <br />there1n o( ..nv mallers or facts s;,all be conclusive proof <br />of ~he truthfulness thereo.f. <br /> <br />'.'pon default bv TRUSTORS tn the payment of indebtedness <br />secured l1ereby or 111 lh!! performanc!! of any ag~ment <br />hereunder. BENEFICIARY may declare all sums secured <br />hereby .mme<:hately due dnd payable bv delivery to <br />TRUSTEE ot ....ntten declaralion 'of default. If BENEFICIARY <br />dt-Slres 'al<! properlv 10 he sold. It shall deposit with <br />TRUSTEE th'5 Trust L>e...d and all promissory notes and <br />documents €,vldenctng '~"penditures secured hereby. and <br />shai I del j ver to TRUSTEE a wntten notice of default <br />itnci eiectlon to cau"e sa,d property to be sold in the <br />form r...qull'ed by law, ",hlCh shail be duly filed for <br />rt'<:ord by TRUSTEE. <br /> <br />L <br /> <br />I j Ail..r !he lapse "I such tune "s may be required <br />by law followwg the recordation of said notice <br />oi default. dnd nOllce oi default and notice of <br />,aie havtng been gtven as required by law, <br />TRUSTEE. Without demand on TRUSTORS. shall sell <br />said pro;)erty an the date and at the I1me and <br />place deslgnat...d 1n saId notice .of sale. at public <br />auchon to the hlghesl bidder. the purchase price <br />payable In lawful money of the Untted States at <br />the t1me 01 sale. The person conducting the sale <br />may. lor any cause he deem" '>"pedlent. postpone <br />the sale from 11m" to tIme '~n!ll It shall be <br />comp!etet1 and. !n every such case. nollce of post- <br />ponem.;;,,! shail be gIven by publIc declaratIOn <br />thereof by such person al the time and plar.;; last <br />appoHlted for ihe sal..; prOVided. tf the sale IS <br />postponed for longer than Of\<' (II day beyond the <br />day designated in the nOllce of 5aie. notlce thereof <br />,hail he given In the same manner as the Original <br />"OlIC.;; 01 sale, TlWSTElo "hall execule ilnd deliver <br />to the purchaser ,ts Deed conveYing said property <br />so ;.old. but \oIlIhoul lIny covena.nt or wllrranty. <br />expreu or Implied. The recllals ltl the Deed of <br /> <br />- 3 - <br />