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84005508
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11/20/2008 10:05:31 PM
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11/20/2008 10:05:29 PM
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DEEDS
Inst Number
84005508
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<br />84- 005508 <br /> <br />r <br />I <br /> <br />(b) No recovery of any judgment by Beneficiary and no levy of an <br />execution under any judgment upon the Property or upon any other property <br />oi Trustor shall affect, in any manner or to any extent, the lien of this Deed <br />of Trust upon the Property or any part thereof, or any liens, ri/Shts, powers <br />Oi' remedies of Trustee or Beneficiary hereunder, but such liens, rights, <br />powers and remedies of Trustee and Beneficiary shall continue unimpaired as <br />before. <br /> <br />3.09. Application of Proceeds. Unless otherwise provided by law, the <br />purchase money, proceeds or avails of any sale made under or by virtu~of <br />this Article III, together with all other sums which may then be held by <br />Trustee or Beneficiary under this Deed of Trust, whether under the provi..; <br />sions of this Article III, or otherwise, shall be applied as follows: <br /> <br />FIRST: To the payment of the costs and expenses .of the sme, <br />including reasonable compensation to Trustee and Beneficiary, their <br />agents and counsel, and of any judicial proceedings wherein the same <br />may be made and to the payment of all expenses, liabilities and advances <br />made or incurred by Trustee under this Deed of Trust, together, with <br />interest on all advances made by Trustee and all taxes or assessments, <br />except any taxes, assessments or other charges subject to which the <br />Property shall have been sold, and further including all costs of pub- <br />lishing , recording, mailing and posting notice, the cost of anysesrch <br />and/or other evidence of title procured in connection therewith and the <br />cost of any revenue stamps on any ~'1ed of conveyance. <br /> <br />SECOND: To tl1e payme!" (l!' any and all sums expended under the <br />terms hereof, not then repaid, with accrued interest and all other sums <br />required to be paid by Trustor pursuant to any provisions of this Deed <br />of Trust or of the Note, including all expenses, liabilities and advances <br />made or incurred by Beneficiary under this Deed of Trust or it'l con- <br />nection with the enforcement hereof, together with interest on all ad- <br />vances. <br /> <br />THIRD: To the payment of the principal and interest then due, <br />owing and unpaid upon the Note, with interest on the unpaid principal <br />from the due date of any such payment of principal until the same is <br />paid. <br /> <br />FOURTH: The remainder. if any, to the person or persons legally <br />entitled thereto. <br /> <br />3.10. Remedies Not Exclusive. No remedy herein conferred upon or <br />reserved to Trustee or Beneficiary is intended to be exclusive of any other <br />remedy herein or by law provided. but each shall be cumulative and shall be <br />in addition to every other remedy given hereunder or now or hereafter exist- <br />in!!: at law or in eQuity or bv statute. No delay or omission of Trustee or <br />Beneficiary in exercising any right or power accruing upon any Event of <br />Default shall impair any right or power or shall be construed to be a waiver <br />of any Event of Default or any acquiescence therein; and every power and <br />remedy given by this Deed of Trust to Trustee or Beneficiary may be exer- <br />cised from time to time as often as may be deemed expedient by Trustee or <br />Beneficiary. If there exists additional security for the performance of the <br />obligations secured her-eby, the holder of the Note, at its sole option, and <br />without limiting or affecting any of the rights or remedies hereunder, may <br />exercise any of the rights and remedies to which it may be entitled hereunder <br />either concurrently with whatever rights it may have in connection with such <br />other security or in such order as it may determine. Nothing in this Deed of <br />'1'rust or in connection with such other security or in such order as it may <br />determine. Nothing in this Deed of Trust or in the Note shall affect the <br />obligation of Trustor to pay the principal of, and interest on, the Note in the <br />ma..rmer and at the time and place therein respectively expressed. <br /> <br />L <br /> <br />3.11. Vacation and Surrender of Property. Upon the occurrence of any <br />Event of Default and pending the exercise by Trustee or Beneficiary or their <br />agents or attorneys of their right to exclude Trustor from all or any part of <br />the Property ~ Trustor agrees to vacate and surrender possession of the <br />Property to Trustee or Beneficiary, as the case may be. or to a receiver, if <br />any, and in default thereof may be evicted by any summary action or pro- <br />ceeding for the recovery of possession of leased premises for non-payment of <br />rent, however designated. <br /> <br />-15- <br />
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