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<br /> 'J � ' '.f_L\�__ • � StLi�'i•.:t�'* '1 � _
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<br /> (B! Any fallur�on tha put of th�7ruator ta mwit tFw npaymant t�rm�i� rs�pect to th� Loan Ap�iwm�ent� �nY
<br /> othsr�dvu�c�a u�dw thls Dwd of Trust hupby��cund; �rnd,
<br /> IC) A�y sctlon by ttw Tru�tar prohlbJt�d by ths ternu ot tha Lwn Apreament or this�aed of Yrutt ot Mny fbil�r�►ot --
<br /> the Trustar to act aa reqt���x�by ttw Lo�A�raznwr►t or thia Dwt!of Trust,each o!whlch T�ussar h�asobY a�rt+�.s =
<br /> hav� �� �dverta alfect on ttw Banrticiary'• aecurlty tof tha line oi credit e�tsbllshed anci tt� �lyhta of tt� -
<br /> Sscti:�icis:�i i:�tu:.h ss�usity. :.
<br /> �nd upa�tF►� happ�niny of any auch went of d�fault, Beneficiary may daclare all auma coaurael heraby irx►m�d:�:�fy' -
<br /> dw and pay�bl�by dsllv�to Tru�tee of wrltten dacl�ratlon ot default. The Truates shsll h�v�the gawu of sda�04
<br /> th�Proputy. �nd if B�flcluy dulna the Ptoperty to ba cotd, it shall dsposit with Trustss thla Q�ed of T�u�t ar��tl
<br /> prombtspry notu a�d documsnts svid�rticlrup ucp�nditurea ascur�d hsraby and sha�l d�tivk to Truste�s v►�ritten nc+t�ea
<br /> of d�isult and �ctlan to causs tha P►opWty to be wld, and ths T�ustee in turn shsU prepxe a nati�o ir�tir�:fc�m
<br /> nqu(rod by taw, whlah�h�l!b�duty fitad tor recad by Trustss.
<br /> � Att�►tM laps�af suaFitirtw 1��V�rsquirsd by!aw foltowlnp th� �scord�tion of aatd natic,�of ds�fen.v'r.� and
<br /> natice of d�tautt and l�otl�e of sa{11 M��p bsar�fl1v��a r�quireci by iaw.Trustes, with4ati�t drm�on Ttustar,
<br /> shall sall t�s PropM'tY�on!As dMb�nd at tha tlme arui ploce daslqn�tecs in said!�xa4lce of sat�,at�ubG�:,auctian to
<br /> tl►� hiphsst bidder,th� purc?w►sa��k�1 p�yable In lewful monsy of the United States at th�ti� of aw�a. The
<br /> psrson conducti�y th�sat�mey, to►�ny causs he deema expsdknt, postpons thm�te irps�n tinn�ta t�r�until it
<br /> ahaU(�cort�pirisz!and,in�very such cuw,noUcs of postpon�rt►�nt shsU be piveo by pu�tiv�dsciar8ty0tt tstei'eof
<br /> by such prso��t the Wn�ar�d plac�last�,ppoi�t�d tor the uk,provided.if ths sale is pastTwr,�pd 9or ionOK than
<br /> ons11)day b�yond ths day dvslpnated in the noti�of tale.noUcs thsnof shW bs qiven ir�t�rt+cams msnnsr at
<br /> th�aipi�al notio�of sal�. Trust�e�hall wcscuts and dNiv�r to ths purchassr iu Desd convmy;r►p ths Prop�rty so
<br /> soid,but wWwut�ndy cov�n�nt or wsr��nty,sxpreas ar implied. Th��ecitds in ttw dNd of u►y mattas or acts
<br /> shrl b�ca►clu=i�e prool of tM truthfulnsts thersof. My pason,i�uludlnp Ben�ficiary,may pu►chass at ths s�ls.
<br /> (B} �"fisn T�usiM sstkc pursus�t to the powen harNn,ths Trusteo�haU�pply th�p►ocssds of th�sals ta payment
<br /> of tM cosu�nd axpsnse�of�xKCislnp ths power of s�W�and of the sds,indudiny ths payms�t of ths Trustss's
<br /> {ws s�tu�Ny ioaund,vmhich Truste�'s fMS shail not in tt�a��ipats sxcsad tha followin�amou�t bas�l upon
<br /> ths a�nount sscund hsnby ar�d rem�iniep unpaid: 5 peroentum on ths firct 51.000 thereof. 1 perosnwm on the
<br /> bslana thwsot�nd tMn to thd itsms in subpsrapraph(C) in the ord�r thWe�tatsd.
<br /> (C1 After payinp ths itsfns speGfi�in cubpara��aph(81 if the sate is by Tr�utee,ar ths proper court and ott�sr oosts
<br /> of fondosurs and�ai�if ths sal�b psusuant to judicisi torecbaure,ths procseds of sal�shaU bs a�pli�d in th�order
<br /> stst�d ta t!�payn»nt of:
<br /> •({} , Cost of any�vidanc�of tide procured in connecUon with such ssle end of eny nvenw siampt;
<br /> 'llq /111 pims th�sscur�d her�by�
<br /> .!un �n�..�..�.t.��.:ff wny,tn tt�oaaon l�a{ly�ntitled thsrrto.
<br /> --13. DufiM�d Ot�tio�w ot Trutrtw�. iat The dutie��r�d abli�atlar�s af tr��atas sl�a!!bo datermis�ad solely by .__ _
<br /> th��ess provisions of this Owd of Trust,and Trustss shall not b�Uabl�except for ths p�rformancs of wcl�dutles
<br /> snd obb0ai3ons as are specificdty s�t forth h�rsin, and no implkd cov�r�anta or obtiqatto�u sl�aU be impos�d upo�
<br /> TrustM; (b) No provisiona of this D�sd of Trwt shaU requlre Trustw to nxpartid or ritk its own funds,or otherwiss
<br /> incur�ny finsredai c►bUpadon in ths partorm�nce of any of its duties hsrwr.der.or in the exsrcise of any of ib ripMo
<br /> or powu,if it shaN haw�rou�ds for t��{iwi�p that tha repayms�t of such fu�ds or adaqwU indsmriity pstnst suc�+
<br /> risic or IisbiJity is not nasonsbly sssursd to it;(c) Trusts�may consutt with counsN of its own dwosin�and th�advia
<br /> of such oounsM st�aN b�full and axr►Pbt� aud�orizWon�nd P�atsction in ths nspsct of�ny sallo�►taksn or s�ff�nd
<br /> by it hsrwndsr in Qood faith and rsliarx:�th�teon;(d) Trustes shW not be liabls for any act3�t�kon'b}v it in pood faith
<br /> �nd r�on�bly b�iiw�d bY it to b��uthoriz�d w within ths discretion or riphts and powen ca�tarred upon it by Lhis
<br /> DMd of Trust.
<br /> 14. Ad�fionsl Srarity Mistru�ewnb. 7rustor.at its expenss.wiN ex�cut� a�d delivsr to tik Trust». P��Pti1►
<br /> upon dennand,tuch�epxity inttrum��ts as may b�raquired by Trustee,in form and s�b�tanc�:atlsfectory to TrustM.
<br /> oowrirp a�ri►of th�Pro�ty oonwyed b1l tN�Dssd of Trust, whkh s�curity instrum�nta shW b�additbnd s�axitl►
<br /> for Trustor's faithiu6 performmca of di of t�s terms, cavsnanta aryd conditions of this Do�d of Trust, tfw Lwn
<br /> AQrewnent.snY P�a�o+Y notss s�cw�d t�sby and any other ssauity instrum�nts sxsa�4�d in a�nMCtbn witl�this
<br /> V�!�saetio�. Such instrumsnts shall bs recarded or filed. �nd rrr�corded and tsfilscl, rt Trustot's expeaise.
<br /> 15. MM�ow.
<br /> UV tn tfw�v�nt t�ny on�or mor� nf the provi:iont containsd in the D�ad of Tnut, or tiw Losn Asre�meni or sny
<br /> promi:sory note, or sny ottwr a�curtty in�trum�nt 9lv�n in oonnectbn with this uanssctbn,'shall for sny rwon
<br /> � co!»fwW to b�,tnvalW.Eapat or urnnforcea6is in a�ry respact,scccts tnvalldity. �IsOaI+tY or eu�e�facesbiHty shW.
<br /> at t!M option at 6�n�ficisry, not aff�ct my ath�r provislon of this Qaad of Trust,that this Q�ad of Trust shsU br
<br /> cor.�.iru�d a�if such invdb.plpsl w unenforesabb pravisbn hacY r�ever b�acs ax►ntdned hsrein ar thepin.
<br /> �8i T1TTS�S?M:CE�l!'s:S*.S���6�!!5*_ftl� �4�'•4tdW►g t4 tir�t�ws o4 ths 54iL�Ot E,I�OSi[S.
<br /> (C) tha Qwd ot Truxt shail irwure w ond bind the heirs,Isgatsss,davisees, administrators,execxitors,suocxs�or�snd
<br /> sssl�as of the paaQ�s h��to.
<br /> �p) Trunor sheq p�y ail tsx�s uvled upon thi:Dasd of Trust or the debi secured heraby,togatF�with any cther taxes
<br /> w::��w,i:a w�ic,ti r�:y�x lev�ed e�atnst the Trusta�or Bensficia�y w th�U�al holder of the Loare/�,searant _
<br /> on uxount of th�i�xJebtedness svidenca thsnby.
<br /> (E) Whs+wvsr used henln.th�sin�ular numbsr shall inctuds the plural,the pfura�.Lhe sirs�uiar,the usa of any gereder
<br /> shatl b��pplicabfe to dl qandas. and the term"Beneficlary" shs(!ir�ctuda any payse of the tndebtodr�ess hereby
<br /> sucursd w anY uansfer thaeof, wheth�r by operatiors of law or cttYe►wiso. '
<br /> 16. Succ�ssar Trusw. Baneficiary may from time to tirtw substitute a succsssor or succescars w any Trusue ;
<br /> named hsrein w actin� narwnder to sxecuts this irust uesd. lJpO(1�11CT1 appoin4mdf�i aiis iiri"u`wiii Wi�iisjfaa�a,�a w , -
<br /> the waxsssor Yrustee, tM tatt�r shall be vestsd with ell titte, powers and duties conferred upon any Trustee heretn
<br /> namsd or actin�hereundar• Each wch sp�ointment or substitutlan st�alt 6s mado by written instntmsnt by Bansficiary. '
<br /> cont�ini�rsfsra�cs to this Wed of Trust and its ptace of record,which whsn racordad in the office of the Rspistar
<br /> of Dssds of ths county or counti�in which said property i�situated,shdl be cor►cluslvs proof of propBr appointmeM =
<br /> of ths successor Truatee. The foresaing power of aubstitution and the procedure therefas,0l��o�t�it"�xclusive of
<br /> . � 9J94 408-3
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