J
<br />y-- ti,
<br />82-- flO.L 155
<br />f~cfary sltatl: have waived such option to accelerate if, pr'sar to the sale, transfer or conveyance, Beneficiary and the
<br />_ a>rrson xo whattr ihr-propert;r is to. besoldar transferred reach agreement in writing that the credit of such person is
<br />satisfactory to Hi3nrfiesary and that the interest payable on the sums secured bV this Deed of Trust shat! be at such
<br />rate as'Benefibiary shelf reGuest:
<br />12: Aecelkauon upon Default; Remedies; Sale. Upa~ default by Trustor in the payment of or performance
<br />of ?he-2ri•ms and eandizions of the P:{iite, or any renewals, modifications or extensions thereof, or ttte payment of
<br />any ether indebtedness secured hereby ar in the performance of zny of the r_ovenants or agrerrneats hereunder,
<br />Beneficiary may declare all sums secured hereby immediately due and payable and the same shaft thereupombecame
<br />due and payable without ptesrnzment, demand, protest ar notice of any kind. Ti;erei flee, Beneficiary maY deliver to
<br />Trustee a written declaration of defau't and demand for safe, Truster shalt have the power of sale of the Property
<br />and i$ Beneficiary decides t±re Property is to be sold i*. shaft deposit with Trustee this Deed of Trust and the Note ar
<br />rotes and arty other documents evidencing exprndiCares secured hereby, and shalt deliver to Trustee a written notice
<br />of default and erection to cause ttse Property to be sold, and Trustee, in turn, shalt prepare a similar notice in the
<br />forrts. required by taw, which shat! he duly filed for record by Trustee.
<br />;al After the lapse of tacit time as may be required by law following the recordation of Notice
<br />of Defaut, and Notice of Default and Notice of Safe having been r}even as required by taw,
<br />Trustee, without demand an Trustor, shai+ seta the Property in one or more parcels and in
<br />strci•+ order as Truster maY determine an the date and at the lime and ptaor designated in said
<br />Nat<ce of Sale, at f^uhlic auction to the highest bidder, the purchase prit:e PaYab3e in cash in
<br />lawful. money of the v..^.ited States at t«ie time ni salt, ~ ne Deleon conducting Yhr sale may,
<br />tar any cause t+e ar she ueems expedient, pasTpone the sale from ii ma to time until it Shall
<br />*ae completed ono., ;^ every such case, notice at pastpanement s:taY be given by public decla-
<br />ration thereof ,~,y such oarsd,^c at the time and place last appointed fo; the sz1e; provided, if
<br />zhr sale iz postponed fir (anger than one ; i. daY beyorsd the day designated ir. the Notice of
<br />Sale, native thereof shah ?yr g^rrn zn the carne manner as the angina: ~iciice of Sate. Truster
<br />shad execute arse! deliver zo the i~orci^aser ,zs Drrd canveytng the Property so sold, but
<br />witleout env covenant or .warram.^{, express, or ~mptird.. T";sr r-^citats ,.n the rJerd of any
<br />,scatters or lac ; shad ve cancittssve praaF „f the tue.^,fulness. tfierecf. F+ny ,person, irctudirtg
<br />,vittrout fimitati an f3enrf;ciara oP T taste :nay :,arc .are at the sale.
<br />fb! .vhen Truster sr'.0s pvrszaant "o thenOwr*s ;.err=n, Trustee shaft apply the tareceeds of the
<br />sate ib paYrrerz ~~` the razz. ants exgt-,ens s ,` r:rur ,inq th,. power cf salt and cf th:: sate,
<br />including, w•ithaut ~,mftatsaa, ~:'+e pav'nr+. ~ ~ ~. trQ s =ees "nr•urred, wh=ch r-.a,tee~z Pets
<br />shelf not in :rte aggregate exceed the sum r,` Five Hundred and Nott Op iS500:t101 ptus 7C2
<br />at t~ o` the amount sL'cuied fieceo°a and rsrmam;ng unpaid and then to the items <,~t forth
<br />to su'aparagraon {c; !•.ereof ?n zba order there,n stated
<br />icl After eat rg t":r "ten±s 3acc=firGf rn suoparasrarh iii. <f the sale is by Truster, or the proper
<br />cou:^t end ~ 3°,+rr rti,ts of fsarecfosura and sale ~` ^nr sale is a~ursuant ie judicial farr~'asurr,
<br />dtt pr~tc.rvs rr sai»~ snail :r applied ~n the order stated below to t'te payment ot:
<br />;, 4 CczsF n_r anw evidence of title aroeutrd ~r- carnectian witty such sale aiad of any revr•
<br />nuC rr_gtur;ud :a oe Ra:~,
<br />,,.'Z! A31 SUrr+$ lien reputed ^err tl"d;
<br />- {~} i hA r,E..mafndCt, ~f aR~/, to ShC $Se;50n e~'ai#y EnFit38d :hEfQFD.
<br />t3_ AddY.iona! SrCUr+tylnsTrurnents. Trustor, at its expense, uvfii execute and deliver za the Beneficiary,
<br />proeitptly upondem~+d. scr::ts warty rnstrurnr_nss as maY br required by Beneficiary, in form and. substance s~t~s-
<br />tactagY to 3enekit;acy, covering ar3y of tt:# Fraperty conveyed hY this Deed of Trust, vvhictt security instruments
<br />sisa"ii:be adde3ionaiE celerity fo= Trustee's faithful performance cf all of the terms, covenants and conditions of this
<br />Daedaf Trusi, the promESSarY natrs secured t><: rehY. and arty ether secarity instruments :.,created in cennrctian
<br />with clue zrxrston, Suer. nstrum.enis shall tee recorded or fi'!ed at Trustor"s axpensr.
<br />#4. rrtptrpintrnent of Successor Trustee. Beneficiary maY. from eime to time, by a written insuument exr-
<br />tutrcf-and ackmoayledgrd by 3ene3iC3arY, :nailed eo ;castor and recorded in the count,( ar counties in :which the
<br />- Property zslocatrd ar^d by asturwise comptying with the previsions aE the applicable laws of .he State nr` tdebras;ca
<br />su#zstitute a successor ar successc€s to ttte Trustee named her^;n tar acting hereunder.
<br />75. Inspeettans: Eerrficiary. or 'ss arrents, representatives ar worumen, are authcrzrd to enter at any
<br />itasor:abte ::tee upon ar in any part of ttse PYCiperty for the purpose of insGeczing the same and far the purpose of
<br />e~srtor:rrer; zrsyaf the acs itzs autttorixed so:per#crrn under the. terms of the Derd of Trust.
<br />' E ^:on ru P_orecECSSe, llpanthe oceurrenoe of any default hrrrunaer, Banefciary snail have the option to
<br />fe?f fi:.~~;iie .n=; ~-sed r Tars: ~ -7e :.nanrce-r ~r2lvaded by law Pao ana farrciosurr of naor°Fgage~s an real prooartY.
<br />... ;: nretr!,r - r _ - _r Trustee ~loi a ~!a"xez.. €.ry tarrttear3r*ce oy 3ane#;crar~v ,~* ; rustee i+,
<br />ex~td's3#ry a.,~ n ~ ".:~.:. r z~nC1u'€. ter adlCrwise affasxied ray apo(ica:%e ?ew, s.•sai€ eat :re a vvaever a€ cr p:r~
<br />q..
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