|
. -.,,�m.�-�,z�.„��.,�,
<br /> ... . ;� ,� ���:�:r�tr;:n'.� _ _
<br /> .
<br /> �,
<br /> _ _• _ " _ L __ _ _
<br /> • ___ . . . _. .. _ - __
<br /> yr ..W�.a�.��w.�r�u�.�. � ._ - ��----�-�.. .
<br /> " -.sY�''� ..� . . �.b`��si., - —_ — __.
<br /> �xdia:�r.NJr� �
<br /> fn � . . _ . ... „ �,
<br /> �:�.%� — ,....t� ,.,,�z, �'� -- - -
<br />- � 96�-�,04�f��
<br />_ i�o reraecl� hex�C.�n canfe�rcol upon, or r�pc�^ved to, x�ur��ee or
<br /> �ender io intended ta be exclueive of �ny other. remedy hFrei.n, in
<br /> the I3ot� or by law provided or perm�.tted, but �ach ehall be cumu-
<br /> lative, ehall be ln addition to P��ery other remedy given her�-
<br /> under, iz� the Note or nor�v or hereafter exiAt�.ng at law ox 9.n
<br /> equi�y or by atatute, and m�y be sxerciaed concurren�.ly, i.ndepen-
<br /> derxL].y ox� aucceseively.
<br /> 13. Truetee. The Truetee may reeign a� any time withaut
<br /> caus�, and Lender may at any time and without cauae appoiiir_ a
<br /> eucceseor or eubatitute Truetee. mruete� ehall not be liable to
<br /> any party, including, without limitation, Lender, Borrower,
<br /> Trustor or any purchaoer of the Property, for any loee o� damag�
<br /> unleae due to reckleae o� willful mieconduct, and Ah��7..1.. n�r �e
<br /> required to take any action in aonnection with tYie enforcement of
<br /> thie Deed o� Trust unlesa in�demnified, in writing, for all coete,
<br /> compeneation or sxp�nsee which m�y be aesociated thexewith. In
<br /> additian, Truetee may become a purahar�er at any sale o;E the Yrop-
<br /> erty (judic:ial or under the power of eale granted herein) ; post-
<br /> pone the eale af all or any portion of the Property, ae provided -
<br /> by 1aw; or sell the Propexty ae a wrole, or in separate parcels
<br /> or loti4 at Truetee's dir�cretion.
<br /> 14. E�ls� d F p -ne a. In the eventi Truetee eells �he
<br /> Property by exercise of power of eale, Trustee eha11 be entitled
<br /> ta apply any eale proceeda Eirr�t to payment of al1 coete and
<br /> expenseA of exercisi.ng power of eale, including all Trustee's
<br /> fees, and Lender's and Trustee's attorney's feee actually
<br /> incurred to the ex�ent permit�ed by appl.icable law. In the evern
<br /> 13orrower or Trustor exercises any right provided by law to cure
<br /> an �venc ot yerauit, Lender ahaii be entitled to recover xrom
<br /> Trustor all coete and expensea actually incurred as a reeult o£
<br /> Truator�� deEault, including, without limitation, a�11 Trustiee�s
<br /> and attorney'e feee, to the extent permitted by applic�ble law.
<br /> 15. Future Ad�vancee. Upon requeat oE BorroHrer, Lender may,
<br /> at ite op�ion, make additional and future �dvancea and readvancee
<br /> to Borrower. Such advances and readvances, with 3nteres�
<br /> thereon, ehall be secured by this Deed of Truet. At no time
<br /> sha11 the principal amount nf th� indebtec'�nege e�cured by thie
<br /> Ueed of Truet, not i.ncludin� eums advanced to protect the aecu-
<br /> rity of thia Deed af �ruet, exceed the original principaZ amount
<br /> staterl herein, or $324,000.00, whichever ia greater.
<br /> 1G. MiscQllaneoue Prnvi�a.
<br /> (a) Borrower Not Releaged. Extene3on of the time for
<br /> gayment or modification of amortization of Lhe c�ume secured by
<br /> this Deed of Trust granted by Lender ta any sucreseor in intereat
<br /> oE Borrower shall not oper.ate to release, in any �x�anner, the
<br /> liabi�.ity of the original �orrower and Borrower�s succeesore in
<br /> iriterest. LPnder ehall not be required to commence praceedings
<br /> againet euch eucceosor or refuae to extend time for paymen� �r
<br /> � oth�erwiee mo�lify amortization of the sums secured by thie Deed of
<br /> , Trust by reaeon of any demande made by the origina� Borrower and
<br /> garrawer' s euccessore ix� intereat. �
<br /> � (b) i�ender!e p�wa�s. Without af fecting the liabi�.ity
<br /> o� any other person liable for the payment of any obligation
<br /> herein menta.onPd, and without af�ecti.ng the lien or charg� oE
<br /> thie 1Deed of TrueC upon any portion of the ProperCy not then or
<br /> thexetofore releaeed as a aecurity for the full amount oE a11
<br /> unpaid obligationa, Lender may, from L-ime �o time and without
<br /> noi:ice, (i)rel�a�e any peroon so liable; (ii) extend the maturity
<br /> • vr aiLer any o= zne zerms o= any sucn obiigationr�; (iii)grant
<br /> other indulyen�es, (iv) release or reconvey, or cause to be
<br /> � releaeed or reconveyed at any time at Lendsr's option any parcel,
<br /> por�ion or �ii of tihe Property; (v) take or releaee any other or
<br /> add�.t�.onal �ecrarity for any oblicJation herein mez�tianed j nr (vi) _
<br /> make compoeitiona or other arrangpmenta with debtor� in relation
<br /> thereto.
<br /> 5
<br /> t'.
<br />
|