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<br /> , x� �� , • a able without an resentment, demand, protest or notice of any '�N�`'c��'
<br /> . , P Y y p �.t . . _
<br /> : kind. Thereafter, Heneficiary may: �'�� • ;
<br /> _ . �.,': ;
<br />_ •"��,:: ..
<br /> ' � : (a) either in peraon or by agent, with � " ~
<br /> '� � or without bringing any action ar proceeding, ` �.�� �£ ..
<br />-`��F�,j �1 '��!'S����: or by r eceiver a p pointed b y a court and with- �„��;:;�°��';�-°
<br /> � �-; out regard to the adequacy of any security, ,� �;:� .
<br /> ��'` _�s.:. enter upon and take possession of the prop- � 4 ,` ` .
<br /> _ _,- : _
<br /> f - , .� erty, or any part thereof, in its oc,m name or �`:� -°"� -`
<br /> � ' - in the name of the Truatee, and do any acts ' � `�
<br /> �., '. '''��� � - . "�'�
<br /> which it deems neceasary and desirable to
<br /> `� .
<br /> __ . . _ � �- preserve the value, marketability or rent- �
<br /> � , . � ability of the property, or part thereof or . , �`
<br /> . � ' intereat therein, increase the income there- �
<br /> `., `:.' from or protect the security hereof, and, �"
<br />_- � � � :;: without taking posseasion of the property, , �;=t�
<br />_- sue for or otherwiae col.�ect the rents, ie-
<br />,-v�� - .. � sues and prof ita thereof, including those ; �.,;,., ,'.': __�_
<br /> , � past due and unpaid, and apply the eame, less �. -
<br />= costs and expenses of operation and collec- ��� = __.
<br />_ � � � . • tion, including attorney fees, upon any in- �. __
<br /> �f _� . � � debtednesa secured hereby, all in auch order . ,. . �-
<br />- _. � _ ��_ as Beneficiary may determine. The entering �_,.�_.=:�.-''- .� -__
<br /> � " �-'!�� u on and takin ossesaian of the truat ea- �-'��"' ` • �.:�-
<br /> tate, the co7lection of such rente, isaues ��� . -��-
<br /> � � a n d p r o f i t s a n d a p p l i c ation thereof ae afore- . �" ���
<br /> :. .. `..; said shall not cure or waive any default or • "�"'`
<br /> _ . - �'�:� ,. ;? notice of default hereunder or invalidate any j .,`� . ,. �
<br /> ` �. •�:: act and in response to auch default os pursu- � ��� '�- -
<br /> =;.-,: � . . <.,. ,_.,,_
<br /> ' ; ant to such notice of default and, notwith- � r=..-
<br /> �:. �,; atanding the continuance in possesaion of the ' =
<br /> _ � �. . `::;;�:, pYOperty or the collection, receipt and ap- `,,r;, =
<br /> .:,�; _ ,�._ • ` � plication of rents, issues or profits, Trus- �;;,.:' � �;.�.�„:
<br /> _ �' :,;�. . � tee or Beneficiary r.:ay be entitled to exer- f�;,r,�Y, F� ;`.==�
<br /> .� cise every right proc-i.ded for in any of the ,_;;� .�
<br />��: �� � _ � loan inatruments or by law upon occurrence of .}:�. .:�---_
<br /> - any event of default, including the right to �--:
<br /> � � � '�. � exerciae the power of aale; �� y�i`�
<br /> . : ,:;.
<br /> .'. '�si
<br /> . � , � � (b) commence on action to foreclose .`�h.�: .. --
<br />- , :.;y this Deed of Truat as a mortgage, appoint a � " ��" . __
<br /> � � � ,r',{; receiver, or apecif ical ly enforce any of the . °°:•�'.
<br /> _ . �.� covenanta hereof; , _
<br /> (c) deliver to Trustee a written decla- _
<br /> : � .#�� ration of default and demand for sale, and a , �-� _
<br /> -��� � written notice of default and election ta . . __
<br /> =� : ' � cauae Trustor'a interest in the property to . . . : .
<br /> � be sold► which notiae Truatee ahall cause ta � �
<br /> . ". ' ° - . be duly filed for record in the official rec- � � "'. .
<br /> � • ords of the county in which the property is �'�' �.��
<br /> .. s
<br /> • " located. � ' � � ..
<br /> � 13. �orec�os� e bv po e of Sale. Should Beneficiary elect � �
<br /> •� ' • ta foreclose by exerciae of the power of eale herein contairaed, � .
<br /> ' � Beneficiary shall notify Truatee and shall deposit with Trustee
<br />'';-� , ' this Deed of Trust and the note and such receipta and evidence of • � •
<br /> = . . . expenditurea made and secured hereby aa Trustee may require, and .
<br /> upon requeat of the Beneficiary, the Truatee shall file for rec- ,�.
<br /> , � � ord, in the Regiater of Deeda office in the County where th� t,;:;; �� � -,
<br />-: ' property is Iocated, a notice of default, setting forth the name �;;-`.;: �_�
<br /> � � � of the Truator, the Book and Page or pocument No. of this Deed of ,
<br /> -v, i . . Truat as recorded in said Regiater of Deeda office, the legal de-
<br />_ � . scription of the above-deacribed real estate and that a breach of : ,
<br /> • an obligation, for which said real eatate was conveyed as.secu-
<br />::s� '.� . ' rity, has occurred, and setting forth the nature of such breach - .- � �
<br /> and the Trustee's election to sell the real eatate to satiefy the �
<br /> ;�:-�, � � � obligation; and after the lapse of not less than one (1) month, = .
<br /> i: : the Trustee shall give written notice of the time and place af - . -
<br /> �:..,` �
<br /> .,;� � � sale which may be between 9:00 a.m. and 5:00 p.m. at the prem-
<br /> isea, or at the Courthouae in the County wherein auch property is .
<br /> �� � located, describing the property to be sold by its legal descrip- , '
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