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<br /> ` � 9�� 1000'74 _
<br /> ' i . '�`�" appointba roa��er� or opacifically onforcoteny ofethefcovenanta ho er of9age,
<br /> � ',.���`��'°t (c) D�liver to Trat�tea a writton daclaration of default and demand for --
<br /> L'-���. ,�, eale, and a written nati�ce of dofault and eleation to cause Trustox's interoat _ _
<br /> - ---�=�----- in tho Truut Es t a ta t� bn ea l d, w h i c h n o t i c e T r u s t e e a h a l l a a u a e t o b e d u1y � _ a
<br /> :.,��:;;:�;_ filod for reoord in th� ap ropriate ofPicial Rocords of the County in whic b
<br /> �. , thQ Trust Eetate ia loa�t�.
<br /> - ,;,,'h . � • , .
<br /> � 11. Folt�41N5 a POWER OF SALE. Should Beneficiary elect to �_,
<br /> ' ,�_j;c�;,fi': - � forecloae b exye"xclse a wer o ale herein contained Beneficiary shall _
<br />#• notify Truetee and ahal� depoait with Trustee this Deed of �rust and the Note ,�,, �..a�,_.,a.
<br />��' ;:�.? �•� " :,,-� and such re�eipt� and evidonco oe expendituxes made and secured hereby as
<br /> ` .�.�.A`.> u . Trustoe may requira. � -
<br />� � ;„'� �M , Truetee shall cause ��:'-,__._-
<br /> . ' �:��, :i.� (a) Up�n reaef.pt of such notice from Beneficiary, ___�___
<br /> �� • to be recoxded, pulal.iehed and delivered to Trustor such Notiae of Default and �_
<br /> � i+ +�• �"� ';`� Notice of tiale es than rQquired by law and by this Deed of Trust. Trustee `_ ___ __
<br /> ;.��.�; k '+ shall, withQUt demand an Trustor after such time ae maY then be required by
<br /> - °' _�w: law and after recasda�ion of suc�i Notice of Uefault and a�ter Notice of Sale
<br />«`' „ having boen given as xequired by law sell the Trust Estate at the time and
<br /> # � �-� place of sale fixed by it in euch No�ice of Sale either as a whole, or in
<br /> separate lats ox pazaels or items as Trustee ehafl de�n expedient, and in such K,�;_� _
<br /> '� • order ae it may de�ermine at public euction to the highest bidder for cash, �., }�`
<br />� ',�:� in lawful mone o£ the Un�.ted States, payable at the time of eale. Trustee �_ .,�. ,_
<br /> ' • ahall deliver �o suah purchaser or purchasers thereof ita good and sufficient �-
<br /> �� deed or deads, con:►eping the property so sold, but wi�hout any covenant or �,�_.��-�-
<br />� warranty, express oz implied. The recitals in such deed of any mattexs or
<br /> ,�:. facts sha�l be cona usive proof of the truthfulneas thereof. Any person, •l�:��;(-�;-:_
<br /> ' including., without �imitation, Truetor, Trustee, and eeneficiary, may purahase � -�,.� . � k�z�_:
<br /> �i ' at such sttle, and Tttitetor hereby coveaants to warrent and defend the t3tle of ��••�'�-�''
<br /> .:;,� . such purchaser or purchasers. ��
<br /> . _.,�y:
<br /> :.4 (b) As map ba permitted by law, after deducting all costs, fees
<br /> expenses of Trusta� and of this Trust, including costs of evidence of �itle in ��'•�
<br /> ' connectian with eale Trustee ehall apply the proceeds of sale to psyment of == �,,.
<br /> y '`:�;. � . (i) all sums expended under the terms hereof aot then repaid, with accrued R F,,,y�+:._
<br /> --- .�� interest aL n3.even (12) percent par aanutn, ��i) all othQr Rums then secured -- +ky_,-':_
<br /> here by, c+n d (i i i) x he rema i n d Q r, i f a n y, t o t h e p e r s o n o r p e r s o n a l e g a l l y N���-:�:°�" -
<br /> •• entitled thereto. ���}�"�.--_
<br /> � �b ) ma in the manner rovided by law, postpone sale of all or � ��'�
<br /> � (c Trustea y, P
<br /> � any portion of the Trust Estate. °
<br /> 12. REMFD��E��S NOT EXCLUSIVE. Trustee and Beneficiary,,and each of them, �s��;�.
<br /> ��� , ^ ' shall he en'E ec o en orae payment and performance of any indebtedneea or —��-_�.
<br /> obligatinns seGUrc�d hereby and Eo exercise all riqhts and powers under this ..�?;�#,�r��:._:
<br /> ' " Deed of Trust or under any Losn instrument or other agreement or any laws now r�•�?=
<br /> or herea�ter in force, notwithstanding some or all of the such indebtednesa �;���-
<br /> ; ., �,;;, and obligatian� �ecured hereby ma now or hereafter be otherwise secured, ?�.�.,.�:��;i_ '_
<br /> •. - >'•�.•• whether by mortgage, deed of trus�, pledge, lien, assignment or otherwise. (, .. : __
<br /> � Neithor the acceptance of this Deed of Trust nor its enforcement whether by i ; —_
<br /> � court action or pursuant to the power of sale or other powers herein � �,,.,,:• �
<br /> ' ' � c o n t a i n e d, s h a l l pre judice or in an y manner affect Trustee s or Beneficiarp's �.,;.p:. ��-.
<br /> � right ta real.ize upon or enforce any other security now or herea f t e r h e l d b y �:r.=
<br /> � . " Trustee or Ben�fic3ary it being agreed that Trustee and Beneficiary, and each C � ,
<br /> � of them, shal.l bx enti�led to enforce this Deed of Trust and any other , _
<br /> , ,�` security now or hereafter held by Beneficiary or Trustee in such order and .
<br /> � •. ,;. manner as they or either of them may in their absolute d�scretion determine. ,� ��,_ _
<br /> • No remedy herein conferred upon or reserved to Trustee or Baneficiary is �
<br /> '" intendec� to ba exclusi.ve of any other remedy herein or by law provided or ;` � �� � ' - -
<br /> ' permitt�sd, buk each shall be cumulative and shall be fn addition to evory , �N:,
<br /> � o t h e r r c�m e d g i v e n h e r e u n d e r o r n o w o r h ereafter existin g at law or in equity
<br /> � �� or by SCatu�e. Every power or remady given by any of the Loan Instruments to f , ;. , �--•�
<br /> Truetee or Ben�f.iciary or to which either of them may be otherwiae entitled, � °,
<br /> � •• may be exerci.sed concurren t ly or in depen den t l y, from time to time, and as
<br /> � often aa may be �deemed expedient by Trustee or Beneficiary; and either of them .
<br /> • ' may pursue inconeistent remedies. Nothing herein shall be construed as
<br /> ' prohibiting eanef iaiary from seeking a deficier.cy judgment against the Trustor .
<br /> to the extent such action is permitted by law. �
<br /> 13. REQf1S3T FOR_NOTICE. Trustor hereby requests.a copy of any notice . ..
<br /> of default, a—n'�c"t a eny no ce of sale hereunder be mailed to it at the
<br /> �, address se� fbrth fn the first paragraph of this Deed of Trust.
<br /> lA. GQVERNING LRW. This Deed of 'Prust shall be governed by the laws of
<br /> the State o e ras a. n the event that any provision or clause af any of �'r.', .
<br /> " the Loan Inetruments conflicts with applicable lawss such conflicts shall not ? ,
<br /> ' • a£fect other provisions of such Loan Instruments which can be given effect ' _
<br /> � without the conflicting provisions; and to this end, the provisions of the . •
<br /> Loan Ir�struments are declared to be severable. This instrument cannot be
<br /> • ' . , waived, chan ed, discharged, or terminated orally, but only by an instrument
<br /> _ 3., mrir�na s�aned bv the partv aqainst whom enforcement of any waiver, change,
<br /> � dischargeror �erminution is sought.
<br /> � 15. RECONVEYANCE BY TRU5TEE. Upon written request of Beneficiary
<br /> stating tha . a swns secure ere y have been paid, and upan surrender of
<br /> this Deed af Truet and the Note to Trustee for cancellation and rotention and
<br /> • upon payment by Trustor of Trustee's fees. Trustee shall reconvey to Trustor,
<br /> � or the person or Fersons legally entitled thereto, without warranty, any
<br /> portiun oL tt�d Trust Estate then held hereunder. The recitala in such
<br /> reconveyance oi any matters or facts ahall be conclusive proof of the
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