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84002421
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84002421
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Last modified
11/20/2008 2:53:42 PM
Creation date
11/20/2008 2:53:41 PM
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DEEDS
Inst Number
84002421
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<br />r <br /> <br />g4.......~ 002421 <br /> <br />, 10. Tran.'fer ofPro~:rty. If <br />proper~y or'.l'ly interest o < H'1't'U stor <br />ar further encua1bered wLthollt.the <br />Beneficiary. hneficiary may. at <br />8W\lS ..cured by this Deed of T:rust <br />ab~. and proceed to tbe remedies <br />atault provisions containedhereln. <br /> <br />11. Event. of Default. Any of. the . <br />b. d....d an event of default hereunder; <br /> <br />an <br /> <br /> <br />the .... and for the purpose of performing any of the acts: it is <br />authorized to perform under tbe terms of any loan instrUments <br />..ecuted by Tru_or. <br /> <br />... <br /> <br />(a.) Tru.~or shall bllve fai:iedtoC)nake" <br />payment of any installment of intereat, <br />princi.pal or principal and interest or alilt <br />otber SUlllll secured herebY when4ue'i' <br /> <br />(b) There has occurred a bt'e'acb.' .01'1);: . <br />default under any term, covenant, a~:ree~t~ <br />condition, providon, represe~ta.ti:~:lItor ....... <br />warranty contained in this Deed of Trust..t~i' <br />note or any o~her loan instrument secured <br />hereby, <br /> <br />(cl There has been a <iafault 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 />ld) Trustor shall file a vol\:tntari:t <br />pet! tion in bankr.uptcy or shall bead'judi.... <br />cated bankrupt or insolvent, or'sh.l1make<aJl <br />a..1,..nt tor tiuJbenefit ot.c.z;.d,i;~~fll+l't' <br />re.pect to the pz:qpertYI oranillctil;int:9' <br />enforce any lien or encumbrance or jcud9l!lllh\j:a <br />against the property is c01ll!lltlnced. <br /> <br />12. Acce~.ratiOll UE2n Default. In the <br />Beneficiary may declare llll in~ebtedne.s <br />and payable. and the same shall thereupon <br />without any presentJllent. demand. protest or <br />'l'.t\er4lafter, Beneficiary NY; <br /> <br />ta) either in person or by i:ll3ent. with <br />or without bringing any action orprOqeedin9~ <br />or by receivl3r appointed by a courta:nd",ith,o. <br />out regard to the adequacy of any secu.z;itYt <br />enter upon and take possession of theprol?~ <br />erty, or any part thereof, in its own name' or <br />in the name of the Trustee. and do anyact.s <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 />su.e for or otherwise collect the rents, <br />issue. and prOfits thereof. inclUding those <br />paat. due and unpaid. and apply the same, less <br />coat. and expenses of operation and collec~ <br />tion. including attorney fees, upon any <br />indebt.ednes. secured hereby, all in such <br />order as Beneficiary II1<\Y determine. The <br />ent.ering upon and taking possession of the <br />tru.t. ..tat., the collection of such rents, <br />issue. and profits and application thereof as <br />at~...id shall not cure or waive any default <br />or notice of default hereunder or invalidate <br />Ill'll' act and in response to such default or <br />pu~.uant to such notice of default and, not- <br /> <br />-3- <br />
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