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<br /> �; ,.�.�.,:a.:�.� � 92 =_
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<br /> .. �:: , (a) Upon receipt of such notice from Benefiaiary, Trustee shall cauae
<br /> .. , :.,
<br /> � '• •'��� to be recorded, publiahed and delivered to Trustor auch Notice of Default and
<br /> � �' " � Notice of Sale aa then r�quired by law and by this Deed of Trust. Trustee
<br /> � ehall, without demand on Truetor after suah time ae may then be requirad by
<br /> � �` j�r�'� lnw and after recordation of suc�i Notice of Default and after Notice of 3ale
<br /> - --��� �� �ry► having been given ae required by law sell the Truet Eetate at the time and �- -=�=
<br /> _
<br /> �C���t�%��°��� place of sale fixed by it in such No�ice of Sale either as a whole, or in
<br /> separate lots or paraels or items ae Trustee aha�l deem expedient, and in such
<br /> � ,.:•�,i ,� . , '; .. arder as it may determine at public auction to the highes� bidc7er for cash,
<br /> � in lawful money of the Un;ted States, payable at the time of eale. Truetea
<br /> �°.��� , y� �•• `• � ahall deliver to euch purchsser or purchasere thereof ita good and eufficient
<br /> ; �, ,� � ,.,. , �,... aeea or aeeaB, conveying the property so eold, but wi�hout any covenant or
<br /> warranty, express or iaiplied. The recitals in auch deed of any matters or
<br /> � ! ,��. • � facts shall be conclusive proof of the truthfulness thereof. Any person, -
<br /> ` � �' including, without limitation, Truetor, Trustee, and Heneficiary, may purchase �`
<br /> = at such sale, and Trustor hereby covenants to warrar�t and defend the titla of ` ,'���
<br /> �y� �. such purchaser or purchaeers.
<br /> � ��:,.+, ..�.
<br /> .� (b) AB may be permitted by law, after cleducting all costs, feea
<br /> - -- � � expenses of Truetee and of this Trust, incluaing costs og evidence of �itle in �
<br /> �: ;�:�, �• connection with eale Trustee shall app ly the proceeds of sale to payment of _
<br /> - - ' �-� (i all sums expende�d under the terma bereof, not tben repaid, with accrued
<br /> in�erest at fourteen (14) percent �a r annum, (11) all other sums then secured �' "". -
<br /> �.�:�`...�� ,�, ;:...,o � , hereby, and (iii) t he rema in d er, i f any, to t h e p e r s o n o r p e r s o n a l e g a l l y
<br /> , entitled thereto. --
<br /> T" r: (c) Truatee may, in the manner provided by Law, postpone sale of all or � �E
<br /> �;,:� '' any portion of the Trust Estate.
<br /> , � • :.
<br /> � 12. REMEDIES NOT EXCLUSIVE. Trustee and Beneficiary, end each of them, �"���'_
<br /> ��.� ,1 � • ehall be en e o en orce aym nt and performance of any indebtedness or ���,��:
<br /> obligations secured hereby an to exercise all rights and powers under this � * �r,
<br /> -*� � n Deed of Trust or under any Loan Inetrument or other agreement or any laws now __
<br /> .;�; • or hereafter in force, notwithstanding some or all of the euch indebtedness
<br /> �,;._,, and obligations secured hereby may now or hereafter be otherwiae secured,
<br /> _;�� , whether by mortgaqe, deed of trust pledqe, lien, assignment or otherwise.
<br /> - -- Neithar the accegtence of this [kae� af Trust nor its enforcement whether by �� .._
<br /> � � � court action or pursuant to the power of eale or other powers herein � - �� .
<br /> ' ' � contained, shall prejudice or in any manner affect Trustee s or Heneficiary s
<br /> - � _ right to realize upon or enforce any other security now or hereafter held by .
<br /> - Trustee or Beneficiary it being agreed that Trustse and BeneficiarY, and each .
<br /> _r~.. • �:,, ' of them, shall be ent3�led to enforce this Deed of Trust and any ot6er �i'=
<br /> ?�,�_ � security now or hereafter held by E�neficiary or Trustee in such order and
<br />_ _ �,�;s;, • manner as they or either of them may in their absolute d�.scretion determine. �
<br /> � ,. �+ No remedy herein conferred upon or reserved to Trustee or Beneficiary is
<br /> intended to be exclusive of any other remedy herein or by law provided or ;:s_�......�
<br /> �� � • permitted, but each ehall be cumulative and shall be in addition to every F•�� '":' •=-..
<br /> other remedy given hereunder or now or hereafter exiating at law or in equity � �is=
<br /> �� , or by 3tatute. Every power or remedy given by any of the Loan Instruments to �- . �-- -_
<br /> � Trustee or Beneficiary or to which either of them may be otherwise entitled, � �
<br /> - . - may be exercised concurrently or independently, from time to time, and as
<br /> . ofEen ae may be �deemed expedient by Trustee or Beneficiery; and either of them .�m- '
<br /> ' may pu� rsue inconsistent remedies. Nothin herein ehall be construed as �f='-����
<br /> g i`':::.:•.
<br /> � prohibiting Beneficiary from seeking a deficiency judgment ageinst the Trustor
<br />. ?,�° ° -f;• , to the extent such action is permitted by law. �. -_
<br />� r,.< �; • ....
<br />�� � �` 13. REQUEST FOR NOTICE. Trustor hereby requ ests a copy of any notice ������,°,�.:
<br /> ��`� ��+ of defanit a� a any no ce of saLe hereunder be mailed to it at the •��" r,.
<br />� < „�x . � addzess se� forth in the firet paragraph of this Deed of Trust. �=
<br /> �' � ' �� � 14. GOVERNING LF1W. This Deed of Trust ehall be governed by the laws of l
<br /> -'�� the State o e ras a. n the event that any provision or clause of eny of the !•- _ ___
<br /> e . • ���� ? Loan Inatruments conflicts with applicable laws, such conflicts shall not -_T__
<br /> ' , � + � - affect other provisione of such Loan Instruments which can be given effect ,;,..�,° __
<br />� '"° � without the conflicting provisions; and to this end, the provieions of the
<br /> ::_, •°.",��.•• ' Loan Instruments are declared to be severable. Thie instrument cannot be . . �`�.•;
<br /> waived changed, discharged, or terminated orally, but only by an instrument
<br /> in wri�ing signed by the party against whom enforcement of any waiver, change, �
<br /> • , ' discharge or termination is sought.
<br /> 15. RECGNVEYANCE BY TRUSTEE. upon written request of Beneficiary !
<br /> �c � stating tha a sums se�»re ere y have been paid, and upon surrender of •
<br /> •� - • this Deed ut Tru�t aud the Note ta 'Prustee for cancellation and retention an�
<br /> upon Payment by Trustor of Trustee's tees, Truetee shall reconvey to Trustor,
<br /> ' ' or the person or pereons legally entitled thereto, without warranty, any
<br /> portion of the Trust Estate then held hereunder. The recitals in such
<br /> reconvepance of any matters or facts shall be conclusive proof of the ,
<br /> , • truthfulness thereof. The grantee in any reconveyance may be described as ,
<br /> t "the person or persons legally entitled thereto".
<br /> _�: 16. NOTICES. Whenever Beneficiary, Trustor, or Trustee shall desire to
<br /> give or serve any notice, demand, request or other comrnunication�with respect
<br /> -- � �- "�- � ? to this Deed oL Trust, eacil sucrt no'tice, demanci, rc�yu�c�C �� �.���Q+.
<br /> , communication shall be in writing and shall be effective only if the same ie
<br /> •� � delivered by personal service or mailed by certified mail, postage prepaid
<br /> return receipt requested, addressed to the addrese set forth at the beginn�ng
<br /> of this Deed of Trust. Any party may at this time chenge its addrese for such
<br /> � notices by delivering ar mailing to the other parties hereta, as eforesaid, a
<br /> � notice of euch change.
<br /> ' 17. DUE ON SALE. Trustor acknowledyes that the Promissory Note.and
<br /> thie Deed o'� rus s a 1 become accelerated and the total amount of principal
<br /> • and accrued interest due and payable at once upon the sale of the property to
<br /> � another erson. Sale of preperty may include sale by Deed, Land Contract or
<br /> . Lease-Op�ion Agreement.
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