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<br />-- , i. To ,when due.the princiPal u�aad We interest on,ttte indebteduess evidenced by the note,�c�arges. fees and ail other .�.�`.`' , .
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<br />- < , - `. I sums as gmvided in the loan inswments• t �
<br /> � "�� E. Tnc�tors a�e the mme�s of the pmpetty and have the right and authority to cacecute Wis Deed of Tmst in respec.t to the t�-� ,i :-.�,. ;
<br /> , . + P�P�Y• � , , .
<br /> � ' • � 3. To paY. ahen due, all taxes, special a�eats and all other charges againsi the pmpeity, beforc the same beoome ,� ' : �ti�.. '
<br /> . � � , deliaqueu� Tnutors shall pay aU taxes and a��cmc.nts which may be[evied upon Ba�fciatyrs interest herein or upnn Wis Deed of . �.
<br /> Tzust or the debt secvted 6t,�eby.without regard to any Iaw that may be enacted dmposing payment of the n�hole or auy part thereof , .
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<br /> - � • . I�OII titC BCJ1CfiC1�. - . '
<br /> ;u.� < 4. To tceep the improvements naw or hereaRer iocated on the pmperty insvred a�aai�nst damage by fire aad such oWer hazards as . ;�� °.`.
<br /> - - `. `-_� the Hettericiary may cequit�in ammmts aati oompanies aoceptable to ihe Beaeticiary.Such iasurance poliry shall oontain a standard �- _
<br /> � mort g a$e clause in fawa of Beneliciary. Trustor shall pmmPUY repair,mainra�n aad reAlace the pmpecly or a�r part iheceo�so
<br /> � . lha�cxcePt for osdinary wear and tcar.We pmperty shaU Qoi deteriotate. :,� ':' .,''
<br /> . 5. In Ihe evea►t the propecfy,or anY Part thereo�sball be takeu by eminent dnmain,the Bemeficiary is eatitted to collect and , � �: ,..;:��.
<br /> ' , receive all�mpensation which may be paid for anry Pmpe�cy taken or for damages to pmperty nat taken.and the Beneficiary sLaU -- , :.'..�. ,
<br /> . apP{Y such wmpensatio4 at its optio4 either to a reduction of the inde6tedaess secated he�bY,or to�epair and restore the pmperty - .....: . _
<br /> . so takea. ` .�� � �
<br /> . � 6. The Beueficiary maY,b�ri shall have no�tig�tion w,dn atty acl wlucf�TtusWrs have agceed b�t faiied to do, and the . .. � t •_
<br /> . . Beneficia�r maY also do aa9 act it deems n�ssary to pmtect the liea heceoL Tnuwrs a�c�ee to tepay.upon demand,anY sums s4 , :', '�.`".`'":-
<br /> � eacpended bY the Heneficiary for the above purpose.s,and aay sum so expeaded sbaD be added to the uidebtedness secvred heieby and o ti, _ � ---
<br /> .' . �OOme sccured iry ihe liea hereot 17�e BeneHciary shail no incur auy liabiliiy 6ecnuse of auyWing it may do or oafit ta do
<br /> � , herenndec
<br /> � � . � 7. The Beneficiary shall have the»�ht,P�wer and autho�ity d�uing We continvance of this Dced of Tnist to wUect tl►e rems, _
<br /> .. isues and pmfits af the pmperty and of atry petsonal p�operty 2ocated Wereon with or withaat taking Possession of the PmPert9 • ;�=_�
<br /> � ' � affected hemby,and Trostois hereby absotutely and uaoonditionalty assign all such ren1�.issves aAd Pmfits W We beneHciary. The : . �t. �;•:�
<br /> �. ' .<�''= beneficiary,howeve�he�by c�n��s to Trustor�'colkction and r�emion of sach reats.issues aad profits.so long as Tmstors are _ -_
<br /> not,at such time, ia default with respect to paymem of any indeb�eduess s�c,wed heieby,or in the pedormance of aay agreement -- '`_�_
<br /> Hereunder. If auy eveni of default descdbed heneafter in�ect to tLis Aeed of T�ust sLall have accumed and be oontinuing,We �",�$..�:
<br /> � Benefiriary,as a matter of right and without norice to Tmstors or anyonc claiming unde�Tmstors,a n d w i t h o�n e g az d w We v a l u�e o f �''�'?�--
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<br /> ' - thc trust e.siate or the iaterest of We Tnutois thetein,shall i�ave the right to apPly to any wuri havin81misdic�on to apgoiat a �,�:
<br /> , � seaeiv+er of tha property. � -- : �—�-
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<br /> � � 8. The Benefcciary. ar its agents,are suthorized to enter at arry ceasonable time upon or in aay part of the pmPertY for the .:•'.�,�•
<br /> - pwPose of inspecting the same azcd for the purpose N'performing anY of the a�s t4eY aze autDorized to pedorm nnder Wc terms of ,' <.:�.� � =::�,T.;
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<br /> . • � a�r loan insin�ments execated lry Trnstois , �F`�`
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<br /> 9. If aU or aay part of the pmperty or any interest of Tn�stors is sotd, uansferred ot farther encambcied without the written =�:,�,.
<br /> consent of the Beneficiary,the Beneficiary may declare ail sums s�by ililis Tn�st Deed to be immediately due and payable and , ,- a;�
<br /> �� -: 3 p r o c c r d t o t h c r c m e d i e s a v a il a b 2 e w i t u n d e r t h e defautt provisions oontained herein. •, �_'.",;:
<br /> � � • � 10. Aay of the foilowing events shall be deemed an event of defaul�hereunder. �+� _
<br /> � - a Tnutors shall have failed w make payment of any installment of principal or intetest or aay othec sains secured herebY when , .�=�:5,:
<br /> ., . > due�, �, • •�.-:.����:
<br /> b. There has occur�ed a bieach of or ddault under airy tem�, covenant, agreemenL condition, Pmviston, repsese�ation or � ,� �==.-
<br /> - • wartanty oontained in this Deed of Tmst.the note or aay oWer loan inswment secured hembY, :,, �, , �..::,"�
<br /> ¢, There has 6een a defaWt by the Trostois in tlie payment of any prior or subsequent lien or enca�nbrance in respect to atl or airy . �' ^`"`
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<br /> . . parioithepmperty; .. �`:f•� ' � �a:._
<br /> ' � d. Tmstors sball file a voluntary petitian in badwPtry or shall be adjudicated banlwp/or insolvent, or shall make an . . _
<br />;�; � , i assjgnmeat for We benelit oi creditois in respect to the property;oc ao actlon to enforoe any Ilen or encnmbranae or judgments c,� . .,�._
<br /> . . a�ainst the properiy is com[nenoed. • .
<br /> � .� 11. In the event of a�+default,the Beneficiary rz�aY declare all indebtedness secured hereby W be due azW payable and the same - - .
<br /> � � � shall thereupon beaome due and payable without an}+presenunent,demand,Protest or notioe of aAy kind. Themafter,the Bsnetcciary
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<br /> . . . � a. either in parson or by agent, with or withwt bringing any action ar proceediag, or by receiver appointed by a caurt and
<br /> withwt regard to the adeqnacy of auy sewdry,enter upon and take possession of the property,or aay part thereo�in its own . .
<br /> name or in the name of the Tn�stee, and do atry acts which it deems aeeessary and desirabte to preserve tlie value, ,
<br /> mar�Cetabiliry or reatability of the ymperty,or Pari ihereo�or intet�est thereiq increase the iacome therefmm or Qrotecl the � .
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<br /> � security hereof and,without talcing possession oi the property,sue for or othernrise collect the reats.issues and prm�s thereo� , .
<br /> •; � including those past due and unpaid. and appiy We same, less costs and expensss of operation and collectio�, 4ncluding , . .
<br /> � •; attomey fecs,upon atry inde6tedness saaired hereby,all in such order as the Beneficiary may determine. The entering upon .
<br /> and takin�possession of We tnut estate.the collectioa of such rents,issues and profits and application thereoi as aforesaid .
<br /> . � ' � shall not cure or waive airy defaWt or nofice of default hereiwder or invalidate afir act and in response to snch defaull or .
<br /> pursuant to such notioe of defautt and norivithstanding the continuanea in poss�sion af the property or the witection,receipt � •,
<br /> and application of rcnts,issues or profits,Ttustee or the Beaeficiary may be entitteA to ex_rcise every right pravIded�'ar In azry
<br /> . � of the toan insuuments or by law upon occurrense of ai►y event of default,including ch.righi to exercise the power of sale: � . , . ,
<br />= � b. wmmence an acdon to foreclose Wis Deed of Trust as a mortgage,appaait a receivei,or speci13ca11y enforce any of the
<br /> cavenants hereof; �
<br /> � c. deliver to Trustee a written declaration of default and demand for sale,and written notice of default and eleqion to cause
<br /> � Trustors'interest in the property to be sold whlch notioe Tn�stee shall canse ta be duly filed for reoord in the otticial rcoords � ' .
<br /> . 1 of thc county in whtch thc property is locatcd.
<br /> ; 12. Should the Beneficiary elect to Coreclose iry acercise of the power of sa�e herein coniained 1he Bene&ciaN SUalj notify Ttustee ..
<br /> � ; and shali deposit with Trustee tt�is Deerl of Trust and the note and such receipts and evidenoe of cxpendltures made and secured � �
<br /> , : � her e b y as Trustec may r e quire.and upon request of the Beneficiary,ihe Tnsstee shall cause to be recorded.published and delivered � .
<br /> '. to Tnutor such Notice of Default and Notice of Sate as then tequirecl bY taw aad by�hic Oced of Tn�st.Ttustee shall without desnand .
<br /> � o»Tnutor,aiter such time as may then be rcquired bY 1aw and after reoordalion of such Noticc of IIefault and after Notice of Sale
<br /> . having been givcn as required by la�v,scll the pmpeilY at the time and place of sale fixed by it in sucl�Notice of Sale.either as a
<br /> t ms as Ttustec shall deem 'en�and in such order as it may determine. at public � . ,
<br /> . � . . wholc,or in stpa�ate lots or parccls or �e e�� .
<br /> � auction to the highest bidder for cash and sliall deliver to such pwchaser or purchasers therenf a deed to the property sold,wnsistent �
<br /> ` " � � �riii�ii�e law t$en�n c!1'cct. Rccitals in!1�Trustee's dced sh�l!be prima f�cie evidenoe of thc truth of tlte statements made therein : � ,
<br /> � Trustee sl�nll apply the proceeds of the sale�n the follo�ving order:(a)to aU reasonable cosls and expenses of the sale.including but �
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