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84003066
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Last modified
11/20/2008 4:35:56 PM
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11/20/2008 4:35:55 PM
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DEEDS
Inst Number
84003066
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<br />r <br /> <br />84.- HI" <br /> <br />the same and for the purpose or performing any of the acts it is <br />authorized to perform under the terms of any loan instruments <br />executed by Trustor. <br /> <br />(c) There has been a default by the <br />Trustor 10 tbL payment of any prior or subse- <br />quent lien or encumbrance in rel5pect to all <br />or any part of the property; <br /> <br /> <br />10. Transfer of Property. If all or any part of the <br />property or any interest of Trustor therein i$ sold, . tr~l!l$f7r;~~C <br />or further encumbered without the express orwrittencon$ent;;I;j;( <br />Beneficiary, Beneficiary may, at its sole option... d'aC:Li\,re aJ:~~ <br />sums secured by this Deed of Trust to be immediately due: andc{.t;i:~o- <br />able and proceed to the remedies available to it undertl:'ie ' <br />default provisions contained herein. <br /> <br />11. Events of Default. Any of the fo1.10wing: events..stta:l)> <br />be deemed an event of default hereunder: <br /> <br />la) Trustor shall have failed to make <br />payment of any installment of intere$t, <br />principal or principal and interest or any <br />other sums secured hereby when due; <br /> <br />Ib) .rhere has occurred a breach of or <br />default ur.der any t.erm, covenant, ag'reemeJ\t, <br />condition, provision, representation or <br />warranty contained in this Deed of Trust, the <br />note or any other loan instrument secured <br />hereby; <br /> <br />(d) Trustor shall file a voluntary <br />peti tion in bankruptcy or shall be adjudi- <br />cated bankrupt or insolvent, or shall make an <br />assignment for the benefit of creditors in <br />respect to the property; or an action to <br />enForce anv lien or encumbrance or judgments <br />against the property is commenced. <br /> <br />1.2~ !;Ss:eleration _Upon Default~ In the, e-ven-t of any def-a-tl-1t:::-, <br />Beneficiary may declare all indebt-edness secured hereby to be' due <br />and payable, and the same sha 11 there\lpon become du.e and payal:lle <br />'..., i thout any presl'!n tment, demand, protest at' notice of any ki.nd.. <br />Thereafter, Beneficiary may: <br /> <br />(a) either in person or by agent, with <br />or \othout 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 an<'! desirable to <br />preserve the value. marketability or rent- <br />~bility of the property, or part thereof or <br />interest therein, increase the income there- <br />from or protect the secur i ty hereof and I <br />without taking possession of the property, <br />sue ..lor 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 BG.neficiary ffirtY determine. The <br />entering upon and takin<;J possession of the <br />t.rust eo-state, the collection of such rent.s, <br />illlilUElS and profits and application thereof as <br />aforesaid !'-hall not cure or waive an" default <br />or notice of dctaul t bet"Elunder or 1r:validate <br />any act and in response t.o such defaul t or <br />pursuant to such notice of default and, l"Iot- <br /> <br />....)- <br />
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