|
-�,.,� .. ..
<br /> „ :'� , _ _ „ .. '.Y{..'n. .
<br /> ;; , . . ,.�_-
<br /> .,- .. ,. �_._ .._...:_..�_._:,. - _ _ _
<br /> .. . �.., . ... - --- - �-- -••----- --- • ----
<br /> _.
<br /> - -..: -- .. _ --
<br /> ..�. . - ------- -- -----...._ ._.�_ .... .._..-._--
<br /> � ----._..:__— .�.. ...
<br /> .... .... .. .
<br /> _�._____ . . �
<br /> . ._____�. .....
<br /> ...._. _... . -- ...-.-.-- ��_
<br /> ,. .c+•� ., ., �.,.�..�r,w�..aa+,.'�'� � -•---°-•- --- --- � � - � .,.�.
<br />�."_;;�:�:��:�� �,�9'�'�''7 � .
<br />.'•r}��'w..i� ��.
<br /> 10.TAUSTOR NOT RLI.I��ASGD; 1�RLiCtL]tANt%G HY I3l'.NF,I�'1CIARY Nd7'A WAIVI'sB.Extoneion of the time for pnyment . R�=
<br /> nr modlPcntion of mm�rti�ntion of the xuma eccure.�l by thia 3ecurity Iuntrument grainted by IIenc�ficinry W nny eucceasor in �?-_
<br /> ,� interext of'True�tor nhnll not operuG�to rclense LheH�ihiUty nf tho url(;innl TruNtor m•'1'ruNtory Hucccaem•e in intcrest.�eneficinry
<br /> ` r+hnU not be rcquimd Ui commencu proceedinga n�;adnxt nny xuccer�nur in IIIWiI'9L UI' 1'l'�UHR to extond time for pnym�mt or
<br /> ' othonvine modify nmortiaution of the xumH eccuced by thi�a Sccuriry In�+trwi�ent by renaon of nny domnnd made by the ori�inal
<br /> •^ 1�netnr�r Truator'e succexeore in intoreet.Any forhenruncu by Denoticiury in oxerciHir�q iiny right ar romedy eht►11 not be n ;,
<br /> wt�ivor of or precludo the excrciec of nny rlFht orrornedy. '
<br /> � xs 11.TRANSFER OF THE PROP�RTY OE�i A BENGFICIAI.INTERLST IN TRUSTOR.If all or any part of the Proporty ��_«,
<br /> �': or any intereHt in it ia eold or traneferred(ar if n beneticinl inwrest in Truetor ie�old nr tranaferred nnd Truator is nat a
<br /> �� � nuwrnl�crnwil�vitl�out Iienuficiuryo pr•ior t�ritten consent,Hcnr.flciery mny,et itH option,require imntediate puy�nont in
<br /> ,:� full of nll Aume secured by thie 9ccurity Inet�vment,howover,thte option ehnll not be exercised by Beneficiary 1f oxQrcise ;,
<br /> ''?"`�`-=� te prohibited by fedarnl law uH of the dnte of Lhie Security Inetrument.If Beneficiary exercises thie option,Heneficinry ehall ,,r.
<br /> :�. give Truetor nottce of nccalflrution.l'he notice eh ull provide n poriod of not lesa thun 30 dnys from the dnte the notiw ie
<br /> -_- -- dolivered or mailed within which the Truetor muet puy ull sume secured by thie Security Instrument.If Truator fuile to ':
<br />� T' pay theso su�ns priar to the expirntion of thie period,Benoficiary muy invoke any remedies permitted by this 9ecurlty �
<br /> ' Instrument without further notice or dernnnd on `!'rustaa _'.
<br /> �• _...
<br /> 12.EVEN fu�ON'DGFAULI:Any of the followin�events el�all be deemed an event of defuult hereunder: ¢
<br /> ;.�_;�, "' a.Truetor ehall have failed to make payrnent af uny installment of interest,principal,or principul and iaterest or
<br /> � � uny other sum secured horeby when due;or =_
<br /> b.There hae occurred a breuch of or deftault under nny isrm,covenent,sgreement,condition,provision,represen- _
<br />'.•�����•' �� tation or warranty contained in any of the Loan Inetruments.
<br /> .,,.:.�-:�_,.. �
<br /> �- ,:,::,:i; 13.ACCELERATION;REMGDIES.Beneficiary ehall give uotice of default to'IYustor prior to acceleratian o owtng
<br /> ''�'y�'"�" Truetor'a 6reach of any wvenant or a�reement ia�thie 1�uet Deed.The notice ehall specify:(a)the default;(b)tha action
<br /> ��''• `S raqttirerl to curc the defnult;(c?a date, not lena then 30 doye from the date the notice ie given to Truetor,by which tha
<br /> �''�'' � dc�ault muat be ct►red:nncl(d)that failure tocuse the dofault on or before the dnte specified in tho noLice may reault in
<br />".udc�.'�s,� �
<br />--_..�.;.�,'� aceeleration of the suma secured by thie 5ecurity Instrument snd esle of the Property.The notice shall further inform =-
<br /> 'lYuetor of tha right to reinstate¢fter acceleretion and the right tn bring a court action to ussert the non•existance of a
<br /> -,`•"-- _=—= defanit or any other defense of Truetor to ncceleration and sale.If tho default is not curerl on or before the date speci&ed
<br /> .�• '— in the notice, Benoficiary at ita option niayr�quire immediate payment in full af all aums eecured by thie Sscurfty
<br />- ti-� � -
<br />_-,._ �� Inatrument without further demand and may invoke the power of eale and any other remedies permitted by applicable
<br /> �;'•�``� law.1YueWr shall be entitled to collect all ezpensea incurred in pureuing the reraedies provided in thie paragraph 18,
<br /> i> .
<br /> �n.,,;.��o including,but not limited to,reasonable attomey's fees and coata of title evidence.If power of eale ie invoked,�ustee shnll
<br /> _= ------ record a notice of default in each county in �vhich sny part of the Yroperty is locai�l rli;d shall mni!copiss of eueh notice
<br /> ��°'�=a in the manner proscribed by applicable law toTraretor nnd to the other persons preacribed by sppUcable law ARerthe time
<br />�`n��� required by applleablo law,'1`ruetee ehall give public notice of eale to the pereons And in�he manner prescri6ed by applic-
<br /> --"°.':.;,�.� nble luw 1�uatea,withaut demand on Trus4or,shall eell the Pmperty at public auction to the hlghest bidder at the time
<br /> � end pince and undar the te�rms designated in the notice of sale in one or moro parcels end in any order rrusiea detnrminCa.
<br /> �=_� � �Yuetee may poetpone sale of all or any parcel of the Property by public announcement st the timo and place of Nny pre-
<br /> "`"-"` viously schednled eale.BeneCciury or ita deaignee may purchase the Property ut any eale.Upon receipt of payraent of the
<br /> �.s price bid,'IYustee ahull deliver to the purctzaser �Yuetee's deed conveying the Praperty.The recitals in the Trustee'a deed
<br /> _ - ehall be prima facie evidence of the truth ot'the statemente ninde thorein.Trueteo ehsll apply the proceede of the sale in
<br /> —== the following order:(a)to all expeneea otttiesale,including,but not limited to,Truetee's feea as permitted by applicnble
<br /> - law and reasonable attorney's feea;(b)to all ewns secured by this Security Instrument;and(c)any excese ta the pereoa or
<br /> _ persone legally entitled to it.
<br /> 14. BENEFICIARY IN POSSESSION. Upon acceleration under paragraph 13 0:• abandonment of the Property,
<br /> Be►ieficiary(in peraon,by a�ent or by judic�ally�appointed receiver)shall be entitled to enter upon,take posseseiou of and
<br /> - menage the Property und to collect the rente of the Pmperty including those past due.Any rents collected by Beneficiary
<br /> or the receiver shull be applled firet to payu�ent af the costs of manngement of tho Property and collection of rents,includ-
<br /> - ing,hut not limited to,receiver's feea,premiums on receiver s bonds and reaxonnble attorney's feea,and then to the eums
<br /> — secured by Bhis Security Inetivment.
<br /> ' 16.ftEAiEDIES N01'EXCLUSIVE.Truetee and Bonefciury,and euch of them,ehall be entitled to enforce�ayment
<br /> -- " nnd�erformenc�of any indebtednesa or obligntione secured hereby nnd to exercise all i7ghts t�nd powere under thie Deed
<br /> --= of Trust or under any Loan Inetruarent or other agreement or any lawe now or hereafter in force,notwithstanding eomo
<br /> ���:`�' or all of the such indebtednes�and obligations secured hereby may now or horeaRer be otherwise eecured,whether by
<br /> ___ . mortgage,deed of trust,pled�e,lien,asafgn.ment or otherwise.Neither the acceptance of thie Deed of Tivet nor ite enforce•
<br /> ment whether by court netion or purauant to the power of sale or other powere herein contained,ehall prejudice or in any
<br />
|