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<br /> i ` '� � t.. �;�''r "�. . - ��s- ^.- . �•'"__
<br /> ' .,t/�i.�5�'�1���I�``.I .. _�..,f .� ,r '_..:-
<br /> �% ' �'�� J��Q'1� •r• . .`. �.._.._ . .. .. .. `aG� . L M •_
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<br /> . 92_ 1o0i61 ��
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<br /> � ehsll�meae the��ownariand�haldar�ofrthonNot�eiwhetharhortnot ne�aedf+sai���
<br /> � , I �.��,.,. HenoPiaiary h4rdn. _
<br /> 8. INSPECTIONS. BQneficiary, or its agenta, representatives or ---
<br /> � ` .r�j:"�_ '.�., workmon, ere au or zad to enter et any reaeonable time upon or in enY P 8e og �- ---
<br /> °- '•"•'`"�°- the Trust Eetate for thQ parpoeo of inepecting the same and for the purpo --
<br /> ,. "' r:�:�•r�., �=_'- - -
<br /> �t;:.-�.' perPorming any of thw acts it 1a authorised to perPorm under tho tormo of anY
<br /> �,ja,:�;,.:,,x,. ,:: oP tba Loan Instrunwnte.
<br /> - •„'�� —
<br /> -'" - -;:,.:��t� 9. Et18NT8 OF DEFAIJLT. Any of Lho following evonts ehall be deemod an
<br /> —�°.•. :...4- event of o au oroun ar.
<br /> _.-.-,-.... ,.
<br /> .���,:.�., :..
<br /> _��;a.��;t"^,t;�,.; (a) Trustor shall have failed to make psyment of any instalLnent of
<br /> - _-.*'�.'�::,::�.-;., • ,
<br /> interest, prinaipal, or prfncipal and interost or any other sum secured herebY �_ _.�.__.______
<br /> ,�_�•� . wh�n dua; or,
<br /> - �• ,
<br /> - ��-�,;�;y,�:;;���.;���'� (b There t�ae occurred a breach or default under any term covenant, . � '�
<br /> - ; ��,1w;;;�{;y . agreemon�, aonditior•, pi-uv3div�� ragrasentation, or warranty con�ained in any _ " '��.ti�°-
<br /> - ���,,.,� og the Loan InetrwnQnts. - ___
<br /> -...,,,,,�'".,�-r�a� ---------_
<br /> "'� �� 10. ACCELENATION UPOt� DEFAUI,T ADDITIONAL REt�EDIBB• Should an event of
<br /> - _�---:Jf�i'L';� _�_--
<br /> __�� ..a.:.=�:.�:: . t3aYault occur ene c arg may ec are a n e ess secured hereby to be
<br /> �,4 �°__ _ due and payabf e, and the same shall thereupon become due and payable without =:�-g
<br />: ;,�. ".;x 'y;:: • Benegiciary�mayi dwnand, protest, ax noticQ of eny kind. Thereafter the
<br /> - ��-
<br />� � �+ � � (a) Either in pwr�on or by agent, with or withouC br3nging any action �� �_�
<br /> ����?- .��%;;`.�` or proceodinq or by a receiver appointed by a Court and without regard to the �
<br /> "` '; ;�;;'°r. adequacy of i�s security enter upon and take possession of tha Trust Eetate, ___ . �
<br /> �'� ' or any part thereof, in �ts own name or in the ttame of Truatee, and do any �,.�-
<br /> � ;����:',� acts wh3ch it dee�ms neceamary or deeirable to preeerve the value
<br /> �.i��• •, msrketability or rentaL�ility of the Trust Eetate or part thereo� or intereet �;";'_
<br /> m:��m.,-
<br /> �'�� therein, increaea the �ncome therefrom or protec� the security hereof, and r.N,.;��_
<br /> ' ��'�+� with or without taking •posaesaion of the Trust �state sue gor or otherwise �_)_.,,,a
<br /> , . .��:;, n paetadue and �:.:;:�-M1.
<br /> ` ,;,;� '...,,; collect the rents, iesues and prof ita thereof, includ� g those
<br /> • un aid and apply the eame, less costs and expenses of operation an
<br /> ��: +s:�;�-- - _� co�lec�ion, inclu8inq attorney's fees upon,anY indebtednese eacured hereby,
<br /> �� ••'���� � � ' all in such order as 9eneficiary may determine. The entering upon and tak3nq --- --- ----
<br /> ' ' ��1�.; �oaseseion of th�a Trust Eetate, the collection of euch rents, iasues and
<br /> � � �•��,' gcofits and the application thereof as afaresaid shell not cure or waive any
<br /> .�� � �� ' � default or notica of d�fault hareunder or invalidate any act dane in reaponse �`'
<br /> ��`�:'S, � • �.•,�.'. � to such default or purr�uant to such notice of degault and, notwithstsnding the
<br /> � "''' � ��"'�••'�` continuance in possesaion of the Trust Estata or the collectior�, recei t and �,;,_
<br /> • .�..,•'�:''�: �.�.:�,.
<br />: :;�;•,,,'..,.• ap lication oE rent�, xasues or profits, Truatee or Beneficiary ahall • �.a��_.
<br /> � �� en�itled to exercise every right providad for in any of the Losn Instxvments
<br /> •%��'�. ��"' or by law upon occurrence of any event of default, including the right to �y�_:;:,.�..._ �y
<br /> ,`"� ,�, exercise the power of aale; �`�=�-�x
<br /> ,�.,..,+.. "'•,i .; , �__.
<br /> "�;,�;,1 ' ;•� (b) CommencQ an action to foreclose this Deed of Trust as a mortgage, ��=�-�=���
<br /> ' ....i, >.:"r : ,. F .. F
<br /> appoint a receiv�r, or �peci_ics1Z, en�orce any of the covenanta hereof; z'¢m"'-
<br /> . ,. . ,�:� `-: ...�.�` -�
<br /> � �`•���%'`�' . (c� Delivar to Trustee a written declazation of default and demand for --
<br /> ,:,�;�L. �.:,..:
<br /> �. ; aale, an a written notice of default and election to cause Truator's interest : :_-.-, _
<br />, � •�' ,� :�•;.� in the Truet Eetate to be sold, which notice Trustee shall cause to be duly .
<br /> ,.,'•;.•� '. , filed for record in the appropriate Official Records of the County in which :_•.�-_.,_r
<br /> ,�� • the Truet Estate ie located. �,;�_�---___
<br /> ,.. c7--�re,� .
<br /> �`���+��•� ' 11. FORECLOSURE BY POWER OF SALE. 3hould Beneficiary elect to �-.�•�`�_�
<br /> • �.'".r!� • �' forecloae bp exere se o e ower o ale herein contained, Beneficiery shall ":-;�." _
<br /> • notify Trustee and ahall deposit with Trustee this Deed of Trust and the Note ,• s�s
<br /> :...u..-,r-_
<br /> and such receipts and ev i dence o f expenditures made and secured hereby ae . --.- .�.
<br /> " � TiuetQe may reqaire. . ��
<br /> " 'j�;;:' +��
<br /> ' �• '•� • Trustee shall cause
<br /> ;,; ' (a) Upon receipt of such notice from Beneficiary, .
<br /> •' ,��%,�;`'. to he recorded, published and delivered to Trustor such Notice of Default and E , ��.,. _�
<br /> ' Notice of Sale as then required by law and by this Deed of Trust. Trustee
<br /> ' �4t'�%''�'�':�`,:�:. � . �hall, without domand on Trustor, after euch time ae may then be required by � -�
<br /> : .,. �y '� : `',�•...-v.c� , law and after recordation of such Notice of Default and after Notice of Sale �
<br /> having been given as required by law, sell the Trust Estate at the time and �
<br /> �.;', . - .�,,; place of eale fixed by it in such Notice of Sale either as a whole, or in
<br /> ' ;�,,,r•�: ' s�parate lots or parcels or items as Trustee sha�l deem expedfent, and in such �
<br /> :��;:':':.�;ti,' ,' oraer ae it may determine at public auction to the highest bidder for cash, �
<br /> +;;�.','�,','' •� in lawful monoy of the Un�ted States, payeble at the t3me of sale. Trustee
<br /> �.:� �� � ' shall deliver to such purchaser or purchasers thereof, its gaod and sufficient
<br /> ' '"��{f � • deed or deeds, conveying the property so sold, but without any covenant or
<br /> '' � ' warranty, exp ress or implied. The recitals in such deed of any matters or �'�• �'.
<br /> `;��.:, erson,
<br /> � • •� facts shall be conclusive proof of the truthfulness thereof. Any p , ,
<br /> ' �`' ' including, without limitation, Trustor, Trustee, and Heneficiary, may purchase . .
<br /> '�'��;. �� �, ' at such sale, and Trustor hereby covenants to warrant and def�nd the title of ���:
<br /> "`';�; : � ' auch purchasc;r or purchgsers. '�
<br /> 1..;,.
<br /> .,��•;�,',�'. . .
<br /> • (b) �As ma�r_be_perm�t4edwb� law, after�deduo��in9 nflwv�dencefofstitle in
<br /> --.. isxPdtieiad i�t iiva�oo ai�a�i w .:.�o . ....� .... --°� --- -
<br />' � ` ' connection with sale, Trustee shall apply the proceeds of sale to psyment of
<br /> (i all sums expended under the terms hereof not then repaid, with accrued
<br /> � • • in�erest at twelve (12) percent per annum, (�.il all other swns then secured
<br /> �� herebp, and (iii) the remainder, if any, to the person or persons legally
<br /> + • • entitlod thereto.
<br /> �.,, .
<br /> + .. � '. . , any port3�n�ofethe TrustiEstatemanner provided by law, postpone sale of all or
<br /> . . 3
<br /> . +
<br /> �
<br /> f �
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