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<br /> , £ � ' � 7. The BenefciaiY shal!ha�e ttie right.pow�er and authority during the oontinaauoe of tLis Dced of T�ust to collect We rents. . � ..
<br /> - . -r< - nal m located thereoa with or w�thout takisig poss�-scon of thc property �,.',.
<br /> is5ues artd ptofits uf the pmpe:ty and af anY P� P P�5' . .. _�-,.�,•,
<br /> ------- - --- affe�ed her�3.and Tn�tors her�y ab�lntely as�d tmcanditionallY a�si�all such rents.issues and pmfits to thc benefciaiy. The ----^ —,-
<br /> : , : .. -. henefiaaiy.how•e�er.lurebs'oonsents to TnLStors'ooIlectian and reteotioa af such renss.issucs aad pmfits,so=aag as Tnutois are _-:- ----�_:`=� �
<br /> not at s�cL tim�in defauIt�vith cespect to payment of any iadebiedness secured heretry.or in the pedom�ance of any agreemcnt , � � ,': `�
<br /> . � heneunder. If azry�eni of defauit descn'bed hereafter in respect to thi5 Dced of Trast shall hase acxumd and bc to the��lu of� . � • i' :
<br /> geneficia�•as a matter of right and nithout notice to Tniston or aayone claiming under Tnutors.and without�n to a im a r � � �� .�� � `
<br /> .. • .. ` the uust esrate or the interest of the Tcusto:s thenein.shall have thc right to apply to azry•oourt having juris � PPo � � ' .
<br />_ � " recei��er af the pmperty. of the pmperty for the� . ,
<br /> - "� g, The Benefcciary, or its ageats. are uuil►orized to eater at any rpsonable time upon or in any part _ .
<br /> � ' . -? Purpose of insgeainS the same an d for t he puipose o f p e r foimin g an y of the acts t h e y are authoriz�w perfom�under the terms � - - --. _- _. ��`�
<br /> — . �- ---; any imn inst�uments exewted t+Y Tmstors. - _ _
<br /> . � - 9. If all or any part af the pmperty ar any interest of Tnuwrs is sold tiansferred oz further eacumbeced without the writt��
<br /> � - consent af the Beneficiazy.the Beneficia�ry may declare all s�mns secured by tLis Tn�st Dced to�immefiattiY due and pa}-able and ,y�,. .'� <
<br /> . :. proceEd to the remedies atiailable to it under the default pmvi�ons contained herein. • ,
<br /> � • � � , 10. Auy of the follmving eve�s shatl be deemed an ecent of default hereunder. „.;-.. - , <:
<br /> , a Tzuswis shall t�ase failed to make payment of aay insanm m of principal or interest or airy other sams secured hembY wflen � ..
<br /> :.�,
<br />. �-^ -.� �5�- . , � .
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<br /> condition. P�ovi�Pn. rePTCSentation or f: �.. - _:.
<br /> � '�i b. Thene has occurced a breach of ar defanit�mder auy term.caYenani, aS�� �-'�-. :;•• .
<br /> � r . -,. ��:+�•.
<br /> ' • war�an�y oontained in this Deed of Tn�st,the note or aay oil�er lo o'o��s�mdo en�h�����to all or airy =_--_
<br /> • . c. The�e has been a defanli by the Trastors in We payment of any p —
<br /> . . ... part of the propert�, .*
<br /> d. Trustois shall filc a voluntary petition in ba�Pu9 °r shall be adjudicated banlaaPt or insolvem, or shali make an ,
<br /> - ' � - � � assignmeat for the beneSt of c�ediwrs in resPect to the PmP�Y•or an action to enfoice any lien or encum6zanoe or judgmems •.u'�
<br /> , " ssi r :
<br /> � ` . . ; against the ProPertY is commenced. � �. < < �,_ -
<br />- .. .. . a ii. In il�e e��enc af any defanit,the Beue5�claiY maS'declare all indebtedness secuned I�c�cbY to be dne and payab2e and the same . •'°,�;,;�
<br /> eueS • . x-�
<br /> .' .; shall thereupon 6ecome due and payable aithout auy P�esenlmcnt.demand,Fmtest or notice af aay kind Thereafter,thQ Beneficiary
<br /> ,•����
<br /> . , �y. , - .
<br /> . a eisher in person or by agent�rith or without brinP,ing an3'action or prooeeding, or by receiver appointed t�a wurt and �:�.:.-.. •;,:�;:.`_Y:;;::��i
<br /> . ariWout regaM to the adequacy of a�+se�uity,enter upon and tatce possession of the pmperty.or any part ther�in its own ,�
<br /> ' _. . name or in the aame of the Tmstee. and do anY acts which it deems ne�ary and desirab2e to pseserve the valae. �
<br /> ._:�
<br /> :� . • , marketability or mntability of the property,or Past thereo�or interest there�n,mcrease tbe moo�e therefram or protect the ...�� .�.._..,_,
<br /> � � ' security hereof and.without taking possession oi the properi}•sue for or oihecarise coIIect the reIIts,issues aad pm5ts thereo� ;`�,:��
<br /> ` , includiuig those past due and nnpaid aad aPPIY the same,less costs and expeases of operarioa aad collection, inetudiag ...�.
<br /> . . :. �f#�-_ -
<br /> �� attomey fees,n P�►n anY indebtedness secu�d hereby,all in such order as the BeneficiarY maY dete�miae. The eatering apon ----
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<br /> and talaz►g Possession of the trust estate. the wllecdon of such cents.issaes and profits and a�catian Wereof as�'oresai d ._ ��p'�:
<br /> sha11 not cure or�vaive airy dePault or notice af defantt hereunder or invalidate any act and in�esponse to sach default az -;��,�_..
<br /> �, � ' pursuant to such notice of default and notwithstanding the continuance in P°sse�on of the property or the collection,�ceip1 . •,�i c
<br /> ' and appliptian of ients,issaes or proSts.Trustee or the Beneficiary may 6e entitled to exercise every right pmvided for in any , y:,:,_
<br /> . •.;. �
<br /> - af the loan instruments or by law upon occurrence of aaY event of defaul�including the right to exercise the po�rer of sale: {, �... • ,;n.�'�'��
<br />`-._. ... _.. _ . _,�_
<br /> � b. commence an action to foreclose this Deed of Tnist as a mortgage,apgoint a receiver. or specifically enforce any of th° •':,+���;,�__---,`__
<br /> � , covenants hereof; '.��'
<br /> c. deliver to Tmstee a written declaration of default and demand for sale,and written notice of defaWt and election to canse � . ,..���,
<br /> • Tn�stors'interest in the propexcy to be soid,wluch notice Tnutee shaU cause w be duly filed for reoord in the official recorbs , . � ..,��_y
<br /> .. ' of the countY in which the pmperty is located. . '' �"'�;
<br /> j. ..RJ�
<br /> � �� l2. SfioWd the Beneficiary etect to foreclose by exercise of the power of sale herein contained.the Eeneftciary sUa11 noiifiy Tn�stee `°��-�:
<br /> . and shall deposit with Tn�stce this Deed oi Trast and the aote and such reoeipts and evidence oF expenditures made and secured . ,,.'��tN
<br /> � herchy as Tn�stee may reclui�c•and upon request of the Beneficiary,tlie Trustee sha11 cause to be recorded.pnblished and Qelivered •� _���
<br /> to TRStor such Notice of Default and Notice of Sale as then required bY law and by this Deed of Tn�st.Tn�stee s6all wiahout demand ; �. ..�.�t
<br /> on Tmstor,after such time as may then be mquircd bY laN and after rec°rdation of such Notice of Default and after Notice of Sale �, . .
<br /> ' ; having been given as required lry law,sell the property at the dme and place of sale fuced by it in sucb Notice of Sa1e. eiihar as a � � '.�
<br /> ��� ' • whole. or in separate tots or parcets or items as Ttustee shall deem expedient,and in sitch order as it may determine. at public
<br /> " � auction to the highest lridder for cash and shall deliver to svch purchaser or purchasers thereof a deed to the pmpecty sold,mnsfstent
<br /> with the law then in effecl. Recitals in ihe Tn�stce's deed shall be prima facie evidence of the truth of the statements made therein.
<br /> �', . � , Tn�stec shall apply the proceeds of the sale in the following order.(a)to all reasonable costs and expenses of the sale.inctudiag but . •� •
<br /> ' not limited to Tn�stec's fccs o f not morc than 2%of thc gross satc price.rcasonabte attomey fccs and wsts of title cwidence:(b)to all . .
<br /> •�� . � sums secured by� this Dced of Tn�st: and (c) the excess.if airy,to the person ar persons legalty emitled thereto. Any person. ��
<br /> � • including the Beneficiary.may purchase said propeAy at said sale. Tmstce may in the manner pro�ided by la�v,postpone sate of all .: .�
<br /> or uti}ponion of�he property. - .
<br /> l3. Tnutee and the Beneficiary.and each of Wem.shall fi�e entitted to enforce payment and performance of azry indelstedness or . .
<br /> • � ' obligation sec�ued hereby and to exercise all rights and pow�ers under this Decd of Tn�st or under arry loan inswment ot other
<br /> agreement or airy laws nor on c�rcafter cnforced notwithstanding sume or ail of the indebtcdness and obligations sccured hcreby
<br /> which may now or hereafter be oihenrise secured �vhether by mortgage, deed of trust. pledge. lien, assignment or othenvise. .
<br /> Neither the acceptance of this Decd of Trust nor its enfoncmem,whether by court action or pursuant to ihe power af sale or other
<br /> � ' `� pmvers hcrein contained.shall prejudice or in any manner affect Tnistee's or the Beneficiary's right to tealize upon or enforce any . • . � •
<br /> o t h e r s e c v r i t y n o�v o r heteafter hetd b y Ttustec or the Beneficiary.it being agrced that Trustce and the Beneficiary. and each of ,
<br /> " � t h e m. shall be entitted to enforce this Deed of Tn�st aicd any olher seeuriry now or herea fter h e l d b y t h e B e n e f c i a ry o r T r u s t e e i n
<br /> such order and manner as�hey may in their absolute discretion determine. No mmedy hemin co n fe r ro d upon or rae rv e d t o T r u s t e e �
<br /> • � ' or Beneficiary is intended to be exclusive of any other remedy herein or by law provided oc permitted.but eac h s h a ll be cumu la ti v e
<br /> � � and shall bc in addition to ecen•othcr rcmcdy gi�'en hercunder or now on c�reafter existing at taw or equity or by statute. Evcry .
<br /> - � . . po�rc�or remcd�•gri�cn by any of the loan instnuncnts to Trustce or the Bencficiary or to�vhich either of them may be oihenvise .
<br /> ` � en�itled may be exercised.conennently or independently.from�me to ume and as often as may be deemed expedient tsy Tcustce or
<br /> ' � � Benefician•.and either of thcin may pursue inconsistent remedies.Noth�ng herem shall be consuued as prohibiting the Benefiaary �
<br /> `.;. �
<br /> from seek�ng a deficicncc judgment against Trusrors to the extent such action�s permitted by la���.
<br /> . 1� Trustors hcrefn•requcst a copy of am nouce of default and ihat any� notice of sale hereunder be mailed to Tnistors at thc
<br /> • address sct forth m�hc t�rst paragraph of ttus Occd of Tnut. � �
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