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200907310
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Last modified
9/4/2009 4:15:47 PM
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9/4/2009 4:15:46 PM
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DEEDS
Inst Number
200907310
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200907310 <br />(B) proceed to protect and enforce the rights of the Grantor and the rights of <br />the Beneficiary by suits or actions in equity or at law in any court or courts of competent <br />jurisdiction, whether for specific performance of any covenant or any agreement contained herein <br />or in any of the Credit Agreements ar in aid of the execution of any power herein granted ar for <br />the foreclosure hereof or hereunder or for the sale of the Trust Estate, or any part thereof, or to <br />collect the debts hereby secured or for the enforcement of such other or additional appropriate <br />legal or equitable remedies as may be deemed necessary or advisable to protect and enforce the <br />rights and remedies herein granted or conferred, and in the event of the institution of any such <br />action or suit, the Beneficiary shall have the right to have appointed a receiver of the Trust Estate <br />and of all rents, income, revenues, profits and proceeds pertaining thereto or arising therefrom, <br />whether then past due or accruing after the appointment of such receiver, derived, received or <br />had from the time of the commencement of such suit or action, and such receiver shall have all <br />the usual powers and duties of receivers in like and similar cases, to the fullest extent permitted <br />by law, and if application shall be made for the appointment of a receiver, the Grantor hereby <br />expressly consents that the court to which such application shall be made may make said <br />appointment e_x~arte; and <br />(C) request the Trustee to sell or cause to be sold all of the Trust Estate or any <br />part thereof, and all right, title, interest, claim and demand of the Grantor therein or thereto, at <br />public auction at such place in any county in which the property to be sold, or any part thereof, is <br />located,,at such time, upon such notice, and upon such terms as may be specified in a notice of <br />sale, which shall state the time when and the place where the sale is to be held, shall contain a <br />brief description of the property to be sold, and shall be given by mailing a copy thereof to the <br />Grantor at least fifteen (15) days prior to the date fixed for such sale and. by publishing the same <br />once in each week for two successive calendar weeks prior to the date of such sale in a <br />newspaper of general circulation published in said county or, if no such newspaper is published <br />in such county, in a newspaper of general circulation in such county, the first such publication to <br />be not less than fifteen (15) days nor more than thirty (30) days prior to the date fixed for such <br />sale. Any sale to be made under this Section 5.03(C) may be adjourned from time to time by <br />announcement at the time and place appointed for such sale or for such adjourned sale ar sales, <br />and without further notice or publication the sale may be had at the time and place to which the <br />same shall be adjourned. Notwithstanding the foregoing, in the event another or different notice <br />of sale or another or different manner of conducting the same shall be required by law, the notice <br />of sale shall be given or the sale be conducted, as the case may be, in accordance with the <br />applicable provisions of law. The casts and expenses incurred by the Beneficiary (including, but <br />not limited to, receiver's fees, counsel fees, cost of advertisement and agents' compensation) in <br />the exercise of any of the remedies provided in this Deed of Trust shall be secured by this Deed <br />of Trust. <br />Section 5.04. Application of Proceeds from Remedial Actions. Any proceeds or <br />funds arising from the exercise of any rights or the enforcement of any remedies herein provided <br />after the payment or provision for the payment of any and all costs and expenses in connection <br />with the exercise of such rights or the enforcement of such remedies shall be applied to the <br />Qbligations in such order and manner as the Beneficiary shall elect in its sole discretion, and the <br />balance, if any, shall be paid to whomsoever shall be entitled thereto. <br />16 <br />
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