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<br />- . - - -- �::.:^.Y,y b. Commenoe en aation to forecloa• thi• Deed of Tru�t at� a __ ___
<br /> � � , , mortqage, appoint a r�a0iver, or spaoifiaally �aforae any of the
<br /> ;. � ° aov�naat� heroof=
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<br /> � ,».��. .�..:. ,,.....:,� c. Delivar to Truetee a written deal�retion of defnult and
<br /> �`t� � = =�"�� demnnd for �ale, and a written notiae of default and eleation to ` -
<br /> �.a-;�,��.�?�r ..
<br /> �_, . anuee Truator' � interest in the Trnet Bstate to ba sold, whiah _
<br /> ;�;��,._ . t not iae Trus tee s ha l l ceuse to be du ly f i l e d i o r r e a o r d i n t h e
<br /> _ ���,,�;;��.�-- 4-�� apprapriate Ofticia2 Roaords of the County in whiah the Truet -
<br /> — ,���. ,. Esta�e ia loaated.
<br /> �:.. . : :i:r�p.
<br /> � ��.:j 11. FOREC 03URE SY POWER OF 3AI,E. Should Benefiaiary eleat
<br /> �� >� to forealoso by exerciee o£ the Power of 3ale he�rein aontained,
<br /> �.-,...y.,�.w:. :,�
<br /> ' �:•....' �.:�t� BenefiQinry 4ha11 notify Truetee and ehall deposit with Trustee
<br /> � � •;�, ,.° ,. . thie Deed oi Trust and the Note and auah reaeipte and evidenae of
<br /> -� ��� ;�.v.. • ��� � expendituses au�de and Reaured hereby aa Tru�tes may require.
<br /> _::�;a� r�.,,;1��'
<br /> ° "�� ". =�-�'� a. Upon receipt of euch natice from Benefiainry, Trustee _ _
<br /> � ,. shall cause to be recorded� publiehed and delivered to Truetor euch
<br /> _ � � Notiae of Default and Notiae of 3ale as then required by law and
<br /> , ", • by thia Deed of Trust. Trustee ohall, without dema�nd on Trustor, -
<br /> , � ��„ " after auch time as may then be reqaized by law and after
<br /> �, •� � recordation of suah Notiae of Default and after Notiae of Sale
<br /> ... , •� �ti� havinq been given as required by law, oell the Tru�t Estate at the
<br />- � �; tim� and plaae of aale fixed by it in suah Notice of Sale, either
<br /> . �, � � �' " ae a whole, or in separate lota or paroela or items ae xrustea
<br /> � , ehall deem expedi.ent, and in suah order ae it may determiae, at
<br /> , •,� .. � • publia auction to the higheet bidder for aa�h, in lawful money of
<br /> . .....,__-_--
<br /> ' } the United Statea, payable at the t3.me of snle. Trustee shall
<br />- , _ - _ ._
<br /> . ., --- _ -- _
<br /> � �. deliver to euch purchaeer or purahaoers thereof, ita qood and
<br />- � sufficient deQd or desds, conveying the property �o sold, but —
<br /> �� ' .1µ� ' � without any covenant or warranty, express or implied. The reaitals
<br /> in auah deed of any mattera or facts shall be aonclusive proof of
<br /> � � . "", �� ��, � the truthfulness thereof. Any person, iracluding, without
<br /> � limitatio�n, Trustor, Truetee, and Beneficiary, may purchnoe et such
<br /> �� ,; sale, and Truator hereby covenants to warrant and defead the title ���-��'T�
<br /> ',':* of such purchaoer or purchaeara.
<br /> ��: � � __ _... b. As may be permitted by law, after deductinq all aoets,
<br /> '�� � � ' " ; , . fee�, expenses of Trustee and of thie Trust, including costs of ` �_.-�
<br /> .:��-.
<br /> � evidence of title in connection with sale, Trustee ahall apply the �
<br /> ' '� : , proceeds of sale to payment of (i) all eums expended under the �-:��:�'
<br /> � ••�� ;;�,; terms hereof, not then repaid, with accrued interest at 14 peraent
<br /> � :. , per annum, (fi) all other sums then aecured hereby, and (tii) the �
<br /> .. remainder, if any, to the person or pereona legally entitled I._,
<br /> ' thereto. ��-_-
<br /> (f `t `-•c'";
<br /> ' . ' �"'`�"- , c. Trustee may, in the manner provided by law, poet one aele Ir� `'`"
<br /> � "„. �� ' of el]. or any portion of the Trustee Eata�e. p �y'_� u-
<br /> . � - �:�;�-
<br /> „ 12. REMEDIES NOT EXCLUSIVE. Truatee and Heneficiary, and �r;�u�•
<br /> each of them, ahall be entitled to enforce payment and performance `
<br /> of any indebtedness or obligatione secured hereby and to exercise �
<br /> . � " all righta and powers under this Deed of Trust or under any Loan ��
<br /> • Instrument or other aqreement or any laws now or hereafter in � •
<br /> � �. � ' force, notwithetandinq aome or all or the such indebtedness and 4
<br /> obligatione secured hereby may now or hereafter be otherwise .
<br /> �• secured, whether by mortgage, deed of truet, pledqe, lien, ; '
<br /> assiqnment or otherwiae. Neither the acceptance of this Deed of '
<br /> . Trust nor its enforcement whether by court action or pursuant to
<br /> �, ' the power of sale or other puwers herein contained, ahall prejudice i
<br /> ar in any manner affect Trnstee's or Beneficiary•s right to rely
<br /> � upon or enforce any other security now or hereafter held by Truetee
<br />_ ---= _ -� or �ene=iciary, it being agreed ti►at Trustee anci Heneticiary, and
<br /> � each of thern, ehall be entitled to enforce this Deed of Truat and
<br /> " any other eecurity now or hereafter held by them, in such order and
<br /> ., manner as they or either of them may in their absolute discretion
<br /> � t 3etermine. No remedy herein conferred upon or resesved to Truetee
<br /> . •• -, -• �i Be��,e�fiviniy ie� iiit,rsndcc3 i.v Ln exclueive of any otner remedy
<br /> , , herein or by law provided or permitted, but each ahall be
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