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<br /> � 92-- ia�rs'�s �=��-_
<br /> :;
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<br /> M ,
<br /> � � �c) Commence aa actiat a�receiverBOrtspeaifically
<br /> � � T�ust as a mortgage, appo
<br /> % eaforce any of the covenants hereof. �� �.� _
<br /> � ' No remedy herein conferred upon, or reserved to, Truetae or �.;,,.,
<br /> T � ; Lender is intended to be exclusive of any other remedy herein, in
<br /> the Note or by law provided or permitted, but each shall be cwau-
<br /> � � lative, shall be in addition to every other remedy given here- �'`� � _
<br /> � • under, in the Note or now or hereaf•ter existinq at law or in __
<br /> � equity or by statute, and may be esercised concurreatly, indepen- -
<br /> � deatly or successively. �,� : ._ " ___-
<br /> I 13. Trustes. The Trustee may resiga at eny time without w � :'.=
<br /> � � cauae, and Lender may at any time and without cause appoint a � ` �.
<br /> �:,�;�. successor or eubstitute Trustee. Trustee shall not be liable to � ._
<br /> ;;,;�. ' any party, including, without limitation, Lender, Borrower, _`. �
<br /> � � Truetor or any purchaser of the Property, for any loss or damage , ;.�;
<br /> � ualess due to reckless or willful misconduct, and shall not be � • ,�'�°�.'�
<br /> � required to take any action in coanection with the enforcement of _
<br /> ` this Deed of Truet unless indemnified, in writing, for all costs, �
<br /> compensation or expenses which may be aesociated therewith. In _�
<br /> � addition, Truetee may become a purchaser at any sale of the Prop- .,,y�__
<br /> � erty (judicfal or under the power of eale granted herein); post-
<br /> pone the eale of all or any portion of the Property, as provided .��
<br /> � by law; or sell the Property as a whole, or in separate parcels F
<br /> .;
<br /> � or lots at Trustee's diecretion. �=�� �
<br /> � '. • 14. �'ggR e�d Exnenses. In the event Truetee sells the �( ,
<br /> Property by exercise of power of sale, Trustee shall be entitled (�
<br /> ���•�� ' ' to apply any sale proceeds first to payment of all coste and ��,4
<br /> � � . � I expenses of exercising power of sale, including all Trustee's ,
<br /> � .; fees, and Lender's and Trustee's attorney's fees actually ;
<br /> incurred to the extent permitted by applicable law. In the event
<br /> Borrower or Trustor exQrcises any riqht provided by law to cure :�
<br /> an Event of Default, Lender shall be entitled to recover from ,
<br /> � � �� Trustor all costs and expenses actually incurred as a result of •:--�
<br /> '� Trustor's default, includinq, without limitation, all Trustee's ._-
<br /> and attorney's f ees, to the extent permitted by applicable law. -
<br /> � 15. �i *"rP Advances. Upon request of Borrower, Lender may, �
<br /> � at its option, make additional and future advances and readvances
<br /> to BorrowQr. Such advances and readvances, with interest '
<br /> thereeon, shall be secured by this Deed of Truet. At no time
<br /> ' shall the principal amount fo the indebtedness secured by this
<br /> Deed of Trust, not includinq sums advanced to protect the secu-
<br /> � . rity of this Deed of Trust, exceed the original principal amount -,
<br /> ;
<br /> . stated herein, or $ NA��, whichever is greater.
<br /> ,� 16. �,'L�e� laneous Provisions. �
<br /> , i
<br /> (a) Horrower Not Released. Extension of the time for
<br /> payment or modif ication of amortization of the sums secured by
<br /> this Deed of Trust granted by Lender to any successor in interest
<br /> of Borrower shall not operate to release, in any manner, the
<br /> ! liability of the original Borrower and Borrower's successors in
<br /> ! interest. Lender shall not be required to comrnence proceedings
<br /> � aqainst such successor or refuse to eatend time for payment or
<br /> otherwise modify amortization of the sums secured by this Deed of
<br /> Trust by reason of any demands made by the original Horrower and
<br /> Borrower's successors in interest.
<br /> i (b) Lender's Powers. Without affecting the liability
<br /> of any other person liable for the payment of any obligation
<br /> herein mentioned, and without affecting the lien or charge of
<br /> thie Deed of Trust upon any portion of the Property not then or
<br /> theretofore Leleased as a security for the f ull amount of all
<br /> unpaid obligations, Lender may, from time to timP and without
<br /> notice, (i) release any person so liable; (ii) extend the matu-
<br /> rity or alter any of the terms of any such obligations;
<br /> �` �
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