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20.004733
<br />deliver such rents and deposits to Seneficiary_ Delivery c7f written
<br />native of Peneficiary's exercise: of the rights granted ry this paragraph.
<br />TI-IYRD to any tenant occupying the Frapwrty or any pardon thereaf shall be
<br />sufficient t.o reruzre said tenant to nay said rent to ~ieneficiary until
<br />further ngtice.
<br />FOURTH. If there shall se filed by or against the Tru.stor any
<br />petition ar pror_.eeding seeking any arrangement ar composition or extensign
<br />of any other reli~:£ under or pursuant to the Federal E~ankrvptcy Cade r, r.
<br />any ether sim:il.a.x• statute as is new ar hereafter ir, effect, ar if t}•ce
<br />Trustor shad ba adjudicated bankrupt nx• in.salvent or arty of Tr~ustnx: `s
<br />property shall have kaeen sequpstera~d and such decree shall have continua=d
<br />undischarged and unstayed far 9Q days aft_r~.r the entry thereaf, then the
<br />whol~± of the Nate and inde)7tedxiess hereby secured shall, wit.hout.xxotiee,
<br />at the gptian of fire I3enefi.ciary, become due :tr•d payable.
<br />F1~"TH. [;eon default sy Trustar in the payment of or performance of
<br />the :erms~aznd co±xditians of the Note, or any renewals, m.adificatigns ar
<br />executions there~caf, the payment of any ether indebtedness secured hereby
<br />or in th.e perfgrmance of any agreement, covenant ar warranty herein
<br />contained or set forth in any agreement ar instrument executed by T.rustor
<br />in connection with the indebtedness hereby secured, Bene::icwary may
<br />declare all sums secured hereby imttaed.iately due and. payable and the same
<br />shall thereupon become due and payable without presentment, demand,
<br />protest or native of any kind. Thereaf'te.r, t~c~aneficiax:y may de.-liver to
<br />Trustee a writren declaration of default and demand for sale. Trustee
<br />shall have the power, of sale o£ the Property and if Dene.fir_iary decides
<br />the Property- zs to he sold, it shall deposit with Trustee this Geed cf
<br />Trust' and the fixate ar Hates and any ether dgcuments evide.lcing
<br />ex~>erdiLures ss?cared heresy, and shall dPlivcr to Trustee a wx`.itten nga~ict
<br />of default and election to cause the P.r.operty to i?n so lri, and trustee, in
<br />turn, shall prepare; a similar ratz.re in the form required by law, which
<br />shall iae duly xi_l.ed for recarci by. Trustee.
<br />(a} Alter the lapse of sur_h time as may be required lay law fallowi.nq
<br />the recordation pf Nota.r_e of Default, and notice of PefauZt anci
<br />Notice of Sale :zavinc been given as required toy law, 'Crustee, with;~ut
<br />demand c;n Trustor, shall sell r_he Praperr..y hereinbefore described,
<br />and any and ever-W- pant thereaf., in separate parcels or en masse as
<br />the Trust~?e may elect. and in s~.zch order as Trustee ma.y determi7-~e on
<br />the date and at the `.ime and places designated. ir. sa .d blol:ica of S<~le,
<br />at public auct~iar. to tt;e highest bidder, the purchase price. payable
<br />in cash in lawful money of tre• United States at the time of sale.
<br />The person conducting the. sale may, for any cause .e or slxe deems
<br />?xpedient, l~nstpane the salty from time to time until it shall be
<br />compl.et.ed and, in every such case, nati.ce of ~~cstppne.[nent shall be
<br />given by public declaration ttterea` by such person zzt the time and
<br />place .Last appointed for t:he sale: provided, if tPre sale is postponed
<br />far ianq~.r than one (i) day Yacyand the day designated in the Nota,ce
<br />of Sale, notice= thereaf shall se given. itx the same manner as the
<br />grigina7. Nati..ce of sale. Trustee shall execuY_C and deli;rar to the
<br />p:.rrchaser its Geed canvey~..ng the property sa s~a?.d, but without aa~y
<br />cgvenart or warranty, express qr implied. The recitals in t}ae Deed
<br />c;f arty matters or facts shall be conclusive proof of the truthfulness
<br />thereof. Any person, including without limi.tatign, Beneficiary or
<br />Trustee may purr_hase at the sale. Said sale shall ba conduated at
<br />the real estate fcrminq a part of the Property car at the court house
<br />in the county in which. the Property to be se1d, or some parC thereaf,
<br />i s s.ituat.ed.
<br />(b) When Trustee calls pursuant to the powers hcx.rein, Trustee shall
<br />apply the proceeds of the sale to payment of the costs and expenses
<br />ox exercising the p~?wer of sale and of the sale, including, without
<br />lintitatian, the payment of Trustee's fees i.ncurrwd, which Trustee's
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