|
- �.a�, _ _ _ ,,. 4 ''.o' ' ' . ,� . �, . � . a.. � t` . � .
<br /> t � .;� `:, .. ���n�, '�•.. .
<br /> r . • r 7 ' _ �: 5��. . � Iti �•— ��— __---_
<br /> � ��� ���r�.� �t#;,� ;� �- -_.
<br /> �� ia.�usr�n�€Yt'P°L�EABF.tk FS413��ARAILL'L BY KTiNIiFiCiAftY NOT A WAI1lER.Estenaion o!the tirao fo�paymeat _ -_
<br /> or mo�iitcs�on af umortirAtian of fa►o sums ae�ursd dy lhfo�emn.t;r Ir.:.L�tent�nLed dy Bene�cin��+ W eTv au�:.�'t ta � �r_
<br /> e
<br /> : inLcrest of�svstor ehnD nat ogemta to m2easo t3u+ifub}lity of t�e ovi�ivat 3'sustar ar 1�uritor's aucecssors w mierenL$.."ao2Ic{ory �4-�-r ,4___
<br /> ` ehaU aot ito required to w�men�praceedissgs u8=+in�t m9 �ucc�,,�or ea int�r43t op refuso to e�nd tame for�ayselu os �:��,-
<br /> �3,; Insttu.n►eaE Dq t�tuon a!c+ny dcaatmd mgda by tho orf�iaaL"
<br /> athe:vri�a madif,l'umortizntion a4 the sv�sccus`.�d BY tbia�^:iuity �E^x�-"-`_
<br /> Trwrtoe or'ikustn�'a sueaessflre in intereas.Any F�rheurance by$nneiiciary i n claxreis t a g nn} ¢�ht or rer�sQy a�al1 n�ot bo n �—�.,__
<br /> �:m�..
<br /> �ivs�af or preclude tho exorcis�mY aay ri�ht or rsmedy. stt of the PmrogertY �,���.-
<br /> 11_TRANSF'ER OF THE PR�PFI;'PY Oti A B�SI�FICIt3L IN'TER�9t^tAt TItU5'PaR.If a!I or aqy p -------
<br /> ���: or atay interest in it is sold or t�nefeared tar if u bansrficiul intereat in 7`nie.toz is Eold or tsansferred nnd'tivspor ia not� �°_ _„ _
<br /> na t r a r a l persnn l w i t hout Beneficia*Y�e Pnor wr�ttan cnnsent,HeneSciajry muy�nt ita nptlan.re9uaae imme�iate ayme iX=_._.:,.
<br />:`�,�, fiili of all swas securnd by i4�is 3�uritY instronasn4,hmcarsr�this optfine hall aot bee x�B Eh'�o �OU.Bsardtt�.�r;*aht+lle �=-,.,-
<br />�'E in pmhibite�by federul law�s uf the dnte of this fieeuriry fnRtrameal.If E..n...fisiery P �-��,�V
<br /> give Tn�sWr aotice af usoelerntion.'i`he aatice ehnll provide a p$Tio�of noL lesB thna SO ds�ent If Tiustarr�i�t�o �i':,�. —
<br /> . delivered or mu�ed witbinc which the Tn�sWr must pa�y all euma s m������'e�permittod bY tLia 3exurity �{t�;�;�-.
<br /> ga,y these suma prior w the ea�irataoa o F t h i s p e ri a d.E e n e B�r Y Y _
<br /> Instniment witbout further notoa or demand on Traswa -�°_----
<br /> � �,£�V�'FS OI�DIIrALt1.T.Ar�,y af the foliasarin�event�she116�deemed aa event uf default hereunder. �=4,�,:,•.
<br /> a.Trustor ehAll have failed to make paymont of eny fnstr�ltment of inter�s+t.PrindFal,or PsinciPal and interest os
<br /> any ather sum secw+ed herebp when due;or � condition.Pro`�Sia'fl.RP�e�' ---
<br /> ,' b.T'nese haa occurred n brerich af or d�fuult under any term.covenaat,aB+�ee nt. -�=-_�--
<br /> `7��•, tation ar warranty oou4ained in any of the Lnan Ine4s�unenffi. -�„°„"
<br /> e notic�e of default to�'nistoz prlor to acc�2erat?on fottuwing F--_�-::;
<br />'.�A; cc
<br /> 13.ACCELEBATION:HE24TEIDI�S.Sen�8c3ary shntl� ;
<br />::_�„1'; Trustat's b�ach of enJ cavennnt or ageement in tht�Tnaat I?eed.'tY4e notioe stu�ll syecify:(aJ 84►e datanl�(b)the ect'saa •�y.��'"'
<br /> =:��j.;�; requi�ed to cure the de'1'eult;(a)t►dtxte.uot less tk�►�30 day�from tEs date the natice is given to Tn�sto�by wLicb the ,� �
<br /> ed'va the notice mqy:esnit ia �'=•--�
<br /> .::-r�;: d�efautt mnsL 6e cnre�aud fcfl that fiu7ure 4o cvro t,'ne defaalt on or before the date spec�The nntice shall faatlter infas� �'
<br /> acxele�at'snu of the eome senu�d bq t.�i�8ee+trIty�sfsament and sale of the ProPertY �-�-
<br /> '```' TivsUor a£t.�n ti�t?G tn seinstuta after ac�l�an and the right w bring rt ca�rt eettua to asser6 the aon�eri.st�enoe o a
<br /> r-_�_—
<br />_= d�+y�t���st!kr�'�Iefeiise of�notor to accetrxation aad R.ai�If the default ia not cared on or hefoze b� t,�io�ca�i8y �,'i,
<br /> in tite rs(d�r..� at ifm a}�tFnn may re4uire immedfs�te F��t in fnII of all sexms aec�u+e�J y `„�
<br /> - �;��ti�ai-C.�.stiae=T�ninr3.and ma,y ii►wke tt�go��of sa2e and any other zemedies permitted h9 aPP�� k_:yr�~,:_-
<br /> "' � ezgenses inc►a�fn P�t�e sem�dies provided in Ehia Fare�g�t�i
<br /> Iaw.'6�'tar�skisslE�Ji�aaatitted to�.`tlect all e fQes nnd olsts af titte�id�noe.If Powe�of sale ie iavoked,TrusLee
<br /> . . it�cinr�ng,but�nhlf��to,reasonable atturrs�;f' located and ehall mrnl ooP£es of such aatice , �.
<br /> ,.�<-f �
<br /> r��srY�notioe i�f'iii�zu}t m eacl�cauntY in vcI3Fr3i as►Y Fart�the � a hc�b2e law ARer the tune . ,,
<br /> `;`; �u ti3��er I��by�p��le law to'L'ausLnr and ta f�iie ather peraons p�sctibed Y IsP� b ��' ,'
<br /> -�r'• . a s Iav.Trc�m:ehall give puhlic noti+e�afnale to the peisons ftnd ia the manuer preacrbed bY eDP�-' ��:-�-
<br /> --- ��y�P�. at ublic auction ta the high.est bidder aL the time
<br /> ^-:�'f ' a�s�*U'�vw 94ust�,.�ou�dex��on Trastor,ehaYl aell the PropertY P and in�ny arder�t�steed<steYminea �`-
<br /> -_ � ' �nd place and c�siP:.tr:�e terma de��ated in the aotice oYeale ia.one or more panels -.
<br /> _ • 1�s��Y P�PSne sa2e of aII or any parcel of the PragertY bY Bnblic annouacement at t�e tuue atsFl place of any Pre-
<br /> _-- viaualy schedu2ed sale.Beneficiary or ita desigaee ma,Y Pnrchase the�roPertY at eny eale.Upnn�4 of PAYment of the �
<br />.u�'eU-1',� pri.sa bid,�ustee shaU deliver tn t3io purcbaser ZSrastee's deed conveying the Feaperty.The recitaL9 ia the Trnstee'a deea �_-`_
<br /> - sIY011:be prima fad:e evIdenee afE�se truth of the stcitemente made thereia 7Yustee shnll r�AP1Y the praceeds of tIse selcs in ---
<br /> ' the followi�8 order.(a)W all ex�r�nses of the eate,including.but not limited to,Tmst�is`�€�es germitted by a g�t P i c n htct -----
<br /> n
<br /> law and reasflnable attorne�a fera:(b)to all sums secured by this SecuritY Instruffient;and(c)any r�xas to the g�n or
<br /> .. persor�legaUY entitled W i�
<br /> :f, 1�l. BENEFICIARY IN POSSESSION. Upon acceleration uader parag�ph IS or abendon�nt oY the P�+�porLy. �,,,�;
<br /> HYnafiaei9!ia person.bY a8ent or�y judicially apgointed rec�iver)ehall be entit2ed!u emt�r upon.take Poaseaeimo.vY oad —_
<br /> ���ge the property ond to coL�-s¢�the sents of the pmp�.t�including those past dne.Anq r�ate oaUected hy�e�at�fi�atu�►
<br /> or the ieceiver shall be applied 5tst to payment of the��maaagement of the Ptopert9 end coltection of:ent�;ac�dud- ._�
<br /> • . � ing,but nat limited tn.receiver's fees.Przmiume on rg�T�'s bandc�and eeaaanaDte attoraey'a feea,sud then to tho ewas �:_:;.;
<br /> eoca.�d by this 3ec�rit9 Insbrumen� .
<br />� 16.REMEDIES NOT ERCI.Lf�NE.Trastee and Be'�r�iar9.and each of t1►em.aLull be e�titdrf�to enfan�r Pa,Y�ent - -
<br /> u
<br /> � under t�ia 11eed
<br /> �ad perf�rmance of anp indoL'�:ri�s��a or obli�tions eee�us�li fsr�ebY and to exercise a11 rights aud Gcsnets °= .
<br /> of Tsuat or uader muy Luau�s�uuent or otber ap,reemc�sY.��u�y lawa now ar hereafDer in Eorce:a�zavltl�stamd�!s�ae , ,r;�`,�;�:;.;?.
<br /> �- or alt of fd�e such indebte�lness au d o b l i g a t ie�s e c i u e d�1 r,�+m a Y n o w o r h e re a f t e r b e o t h e r N i��� 4s enfox�e ' ',��r r',
<br /> ' m o e t g a g e,deed of trast,P1edBe�lien,asai�ar'�<it or ot�e�r�vl.ge.Neitlzec+.lze asxeptance ofthia l7�d;4�..
<br /> .�<;• ' r�nt whe4der hy camt action or purennnt t;�t�iae lwwer of 6a!a ox ot�+er powers h o r eia e�n t a i a e d,�1�T E 7 n d ice nr iia en p ,. �
<br /> •� - ��ser affect 7rdstee'e�Benefiaar,,�s tiBht w rea}izs��cu,ar�f'osce any other securit5►now or tn�tatte�hel8t�y�'frustee _
<br /> Qctfir�nefitaatY+it beinga�'eed thntZYvstee and BonefirS=s:$.�+i�i�fua:h of them,shrill be entitled to enfmte this I1ee8 oSTrnsL
<br /> . •�. . an�l enY athes eec�itY now or hereafter held by Renefi�'+ar'�'svs2ee in snch oider aad monner as theY or eitLer of them
<br /> Y
<br /> mey�their a6so2uie disecetion determine.No remedy w��z�cc�nfene8 upon or resesved ra Tc:,atee or Benufielary ie
<br /> . iatended W be ezctnsive of anY other remedy herein ar by�:���;�?`f�i�d.or permitted.but each ed�tt�6e c�mnla eEatate. • � �
<br /> • � el�all be in addition to every other nemedY 6�iven her�under rr cr,c�r,�L��.^eafter e�otin8 at lu�v cr ir.c$quitY Y _ .
<br /> ErerY Pmver ar remedy givon bq any of tho Loan Inatrum�3r.�tia':'a�.:s'�e or Seneficar�ar w arhfca eithar of them may be
<br /> ot�erwise entitled.mqY be ea�:�sed cancnrrentty orin�tr:�+aimrf�sn�Ip,frum time to t�c srcr:.es oRen ae.maY be deemetl espe- . �,.
<br /> ' dienL by Tr�atee os Benefisiaiy and either of them may�:�r�ac9 i��nt remedi'ea:Iyntbin8l�+ein ahnll 6e croaetrued
<br /> en pm2�ibit9ag Beneficinry from seelan�a deficiencY d��►ant sE".-?i�dcs:iao Tivetor to the eat�nt�ar3a�nction ie permit�ed ,' �
<br /> • by la�w
<br /> 16.GOVEItNIN(i LAW. �io Deed of Truet shall be�erned by t�e lawe of the 3Lnte cf ik".�3.bn�tac..2a the ovent that � �_—
<br /> • n�r��pmvls�on or clause of unY of the Loan Instruments+aoa;f'L.cta waW appllcsiblo lans.sncb o^^..����'+.s�.�cyt e.f1`'_ck othar � _
<br /> ' 'a}i:�saisione of sucti Y.oan Ins�amants whieh can be givcrs�eQY�ct without the oonIIfd�ixt?:Amv}�is�,:..'�.r�s t�.a��r3:i�'a p� �=_
<br /> ' viafons ad'the Lnan Instramento are declared to be s�r�r.ulDtr_.TLis in�tavment cennrn!olhe p�siv�:�ia:�,�h�a�:sa•�ed or --
<br /> - . tetminated ornlly�but onty by an instrnment in wiiting signed vy t3�A�artY A8�"t w�om ca.f�:xrtr�ment oY eay waiver.
<br /> � �chan discl�aTge or termination De sough� • �.
<br /> E�.
<br /> ' 17.RECOIJVEYl�IrC�.EJpon peYm°nt of all sumo secured�ay t�is 3ecurity+�'trum��,�enefiaary ehall reqnest _�
<br /> . � Trustee ta reconv�y the Ptop�rty and ehall surrender t1�1e Securlty Instrument ant3:�s�l notes evidene'sng debt secute�bY --
<br /> � this Securit3►Instrument to Trustee.Trnstee eball:ecnnvey Ehe Proper2Y without a�r.-cinty and withou8 charBe to Lho poz-
<br /> - n
<br /> son or persnns legally entitled to it.8uch peison or persone s1►all pay�n�re�ordation costa. �~--:
<br /> 18.REQUESR`fi0R NO'TICE9•Trusteor requeste 4hat copiee of��noticeo oY default and sale bo sent to TrusLo�'s: —
<br /> �� �� addresa wluch is the Pro➢er�Y��e�T�"�LOT�����uestn that aopies oY the naticea of default xnd sala be sent to �„^
<br /> each person who is a party hereto at the address of sucb pereon set fo:th herein. �..
<br /> :�..�'� 18.NOTiCE9.Any nofice to Truatar praviderl for in this Security Instnun�nt ehtill t►e gven by delive�ting it or by mail- --
<br /> � � ing it by fust class meil unless applicnble law requires use of enother method.The notice ahall be dlnected to the FropE�ty' �i=
<br /> � ' Addresa or an�other nddress Trustor desigiates by notica to Beneficiary.Any notice to Benefiaas9 B�►���'�by firat
<br /> --- clnrs mail to Benefiaassrs addreas stated herein or fsny ather a�ldreas Beneficiary designntes bY noLice to Trust�o�r.AnY _
<br /> m
<br /> � notice provided far in ti�is Security Instn�ment ahaU 8o de�me8 to iusve been giveu ta T;u,-t�sr ar B.°n°fs�aiY • ..�
<br /> us pravided in this purag�Ph• --
<br /> ' 20.ACC�PTAi�ICE SY TRUSTEE.Trustee accept�this Tn�s4�vhen this Deed of Ttust,duly eaecuted and ackna�+t• -
<br /> • ed�erl,is m[zde o public rncord as provided by lacv -
<br /> ,... . . . . -: .
<br /> . . • '1. . ' ' . � ' ... . � �f~•
<br /> .. •. ' .. ., _ ' . • l.. ' �.}4 .. ' . � � . . . -� _ . . � i _ 3 . . . �� .. . . � ' . �' .r.
<br />
|