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<br /> ° �� �* and auch receipts end ovidenae of oxpenditurea �+ada and ooaurod h+roby as
<br /> Truatae may raquire.
<br /> � � (a) Upon reoeipt of such notice from senaf iaiary, Trustae ohall cause r"="'-
<br /> to be recort7ed, published and delivered to Truatar such Noti�e of Default and i
<br /> �� " Notice of Sale as then requ ired by law and by tl�ia Daed of Trust. Trustee ��-'"`�'"---"
<br /> � shAll, without demand on Truatoz after such �i�na as may then 1�e requirod by ,�.-, ,�._.,.,
<br /> - law anc3 after reaordatioa o� auc�i Notice of D�afauat and after notice af Sale � •"� , - •• _ _
<br /> having boen given ae r�quired by lar sell th� Truat 2state at the time and .� �-_
<br /> place of sale fixed bY it is� auch No�ice of 9ale either as a whole, or in t• �.m=
<br />� � n separate lots or parcels o�: items oa Truotee eha�l deem expedient, end in such
<br /> .. :...�..ri..`'•.:..y'
<br /> � order as it may determine at public auction ta th� highest bidder for cash,
<br /> � � in lawful m�neY of the Un�ted 3tatea, payable at the time of sale. Trustee
<br /> � shall deliver to euch purchaaer or purcha�era thareof its goad end sugficiQnt -,_�,,�._
<br /> deed or deeds, canveying tha property so sold, but wi�hout any covenant or �.�---�—�
<br /> � warrartty, express or impli�ad. ThQ racitale in euah deed of any matters or ���"4+���' _
<br /> facts ehall be aonclusive proof of the truthfulness thereof. Any person, '�r��• _ `����_
<br /> •• including, without limitati�an, Trustor, Truatae, and Beneficiary, may purchase _ -
<br /> �' � at suah sale. and Trustor hareby covenants ta aarrant and defend the title of —_�-°_---_
<br /> ' " ' suah purahaser or purchase�s. �-� `
<br /> " (b) As may be permitted by law, after d�duating all costs, fees �'��„
<br /> �� Truetee and of this Trust, includin9 CqStB of nvidenae of �itle in �'�. .,,,;'..:� .y.,.... �`
<br /> expenses o� .. ��'.:��
<br /> , .� � " connection with eale Truetee shall app ly tha praceede of sale to payment of .. , ��-�, ;.�,;t
<br /> � (i) all sums expended undar the terma hereaf, nat then repaid, with accrued . : .. . . •� __
<br /> � inEerest at faurteen (14) percent per annum, (ii) all other sums then secured ...:f;:��,�_
<br /> ''':'';"� - �� ,�� hereby, and (iii) the remainder, if ar►X. to Lhe PerBO� or pereo�s legally , . .,
<br /> . . '' entitled thereto. '�"'�•''����
<br /> i•�:,,;";' ' •• . • ����t
<br /> ti (c) Truetee may, in the �anner provid�d by law, pos�pone sale of all or _
<br /> . .,
<br /> ;�� � any portion of the Trust Estate. �;,��
<br /> .�. ,.. ;; � ,,.,
<br /> y.��:-
<br /> ��'; � •� 12. RBMEDIES NoT EXCi,llBIVG. Trustee and Beneficiary, and each of them, . ..�,� .
<br /> ' shall be en e o en oraep ym ent and per�orr.�ance of any indebtedness or �
<br /> obligations socured hereby ani7 to exerciae all rigt�ta and powers under this ;�� '
<br /> • ` �' Deed of Truet or under any Loan Inetrument ox other agreemenl ur any laws now
<br /> or hereafter in force, notwithstanding eome ox a�er�totherwise�securedess ��
<br /> ' -��! � and obligations aecured hereb may now or hereaf
<br /> �B aien, assignment or otherwise. '{'�-
<br /> - -- whether by Roortgage, deed o� � t pledge. '"''���y
<br /> �-.
<br /> " Neither the acceptance of this Daed af Trust iwr' its snfarccss�at whether by • _;��:'_ >
<br /> court action or pursuent to the powar of eale or other Qowecs herein . �-��
<br /> contained, shal.l prejudice or in any manner affect Trus�ee's or Berteficiary's .;'''' .•Y .�
<br /> right to realize upon or anforce any other �ecurity now or hereafter held by •,.ti_;�,.. , ;�
<br /> " Trustee or Beneficiary it being agreed that Trustee an�3 Beneficiary, and each , �•••:�gp�,
<br /> � of them, ehall be e�t3�led to enforce thie D�ed of Truet and any other x 4:
<br /> security now or hereafter held by BeneficiAry or Trustee in such order and �a
<br /> m a n n e r a s t h e y o r e i t h e r o f them ma Y in their abaolute d�.scretion determine. k , 3r��
<br /> No remedy herein conferred upon or reserved Lo Tr�s t e e o r e e n e f i c i a r y i s � �-�-
<br /> � intended *.o be exclueive of any other rem�dy herein or by law provided or ,u��_�'��
<br /> p e r m i t t e d, b u t e a c h s h a ll b e c u m u l a t ive and shall be in addition to every ��. .,..
<br /> other remedy given hereunder or now or hereafter exie t ing a t la w o r i n e q u i t y � �
<br /> or b Statute. Every power or remedy glven by any �f the Loan Instruments to :,
<br /> Trus�ee or Heneficiary or ta which either of themf�� t�etto��e Qandtasd,
<br /> may be exercised concurrently or independently, �.
<br /> • ofEen as may be �deemed expedient by Trustee or Beneficiary; and ei�her of them �..;
<br /> may pursue 3nconsistent remedies. Naihing herein shall be construed as
<br /> prohibiting Beneficiary from seeking a defiaiency judgment against the Trustor ; �:,M1r�:;.:`=y;
<br /> " to the extent such act3on is permitted by law. ��'e�°��,.,_
<br /> 13. RE4UE3T FOR NOTICE. Trustar hereby requests a copy of any notice ' ' ..-'
<br /> ' of default, ena h'in the fireteparagraphho�thisrDeed of1Trust,it at the i • . • .;• :
<br /> addreas set for
<br /> 14. GOVERNING LAW. This Deed of Trust shall be yoverned by the laws of '
<br /> the 3tate o e ras a. Tn the event that any provision or clause of any of the ti.•
<br /> `�"' Loan Instrumants confliats with applicable laws, such conflicts shall not
<br /> � affect other proviaions of auch Loan Instruments which can be given effect
<br /> � , without the conflicting provisions; and to this end, the pravisions of the
<br /> , �' Loen Inetruments are declared to be severable, This instrument cannot be
<br /> waived chan ed, discharged, or terrninated orally, but only by an inetrument
<br /> diecher�9or�termination isrsoug htinst whom enforcement of any waiver, change,
<br /> ,'I
<br /> 15. RECONVEYANCE BY TRUSTEE. Upon written request of Benefic ary
<br /> stating tha a sums aecure e re y have been paid, and upon surrender of
<br /> � this Deed of Trust and the Note to Trustee for cancellation and retention and
<br /> � upon payment by Trustor of Truet ee's feea, Trustee shall reconvey to Trustor,
<br /> or the person or persons legally entitled thereto, without warranty, any
<br /> � ti portion of the Trust Estate then held hereunder. The recitals in such
<br /> reconveyance of any matter� or f acts shall be conclusive proof of the
<br /> • °thehpersoneorhpersons legally enti.tledntheretoveyance may be described as
<br /> k ,
<br /> � 16. NoTICE5. wlienever Ueneficiary, Trustor, or Trustee shall desire to
<br /> .,,..-�..a �tp�,,,n�a_ reauest or other communication with respect
<br /> LVtl VL ooa�� ' -
<br /> demand
<br /> �to this Deed of���i'rust, eac:h such�notice, , request or ocher
<br /> communicakion ehall be in writing and shall be effective only if the same is
<br /> delivered by personal service or malled by certified mail, postaqe prepaid
<br /> return receipt requested, addressed to the address �et forth at the beginn�ng
<br /> of this Deed of Trust. Any party may at this time change its address for such
<br /> notices by dellvering or mtiilir.g to tha other parties hereto, as aforesaid, a
<br /> notice of such change.
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