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<br /> hecor�e secured by tP�e lien her�eof. The BeneTciary shall no nncur an}• liability bacause of an}Thing �t ma}•do or oaut to dn " � _
<br /> � hcreuader. . 4 °
<br /> ` 7. 'fhe Beneficiary shall have the right,powEr and authoan• during the wnaauance af tlus Uc�ed of Trast to collect the rents. . _
<br /> rsonal m located thet�on�iiW or w�thout tatang�ss�ssioa of the psopern' ' ` � `, ` `�
<br /> tssues and pmfits ot ehe pmperty aad of any pe P P�m' :� ` --
<br /> a ff e c t e d I�e m�.and Tn�stors uer�by absafutety and unsandisiaa3li�ass►�at!sach rents.issues and gmfFSS to t!?e bei:efician The r�_, .•, , • ; __
<br /> benefcciazy.haa•ever, he�ry consec►►s to Tnutors'wll�:tion and retsauon�f such rents.issues and pm6ts.so lon;as�'rustors are • ,
<br /> not,at such time. in defanit��ith tesped�°PaYment of any indebtedness secured hereby.or in tSie �;dormaace of a�y agreeu�t
<br /> ' hereunder. lf any event of default descri�ed hereafter u►respect to ttus Deod of Tmst shat! have cxxurred and be connnning.the . � . , .
<br /> Beaeficiary.as a matter of dght and c�ithont notice to Trusiors or an�one claim�ng under Tn�stoss.a�wltt�out regard to the value of ,
<br /> � the uust estate or the interest of the Tn�stors iherem. shal! t�ave t1�e n�t to apph eo any caurt faaving jurisdiaion to appoint a •
<br /> receiver af thc property. -- - �---=�-,- -. .
<br /> g, The Benefitiary, or its agents, are authoriz�d to enter a[ am reasonable time uFuu or in a�y part af the property for We .., .,� ; _
<br /> fi
<br /> pur�sose of enspecting the same and far the pu�ae of getfaraung any of We acrs they are aut&wrize�to perfarm under ihe terms of ,,�.
<br /> azry iaaa itistcucaenis execaated fsy Tn�stors. ,:'; .� ` �-,���`�::
<br /> ..;�-, ::`>:.;,•:.;. -
<br /> �. Tf all ar aug part af thc pYOgerty or any interest of T�nstors is s�ld�ander�or fucal�er euam[reced wiebtcat e�e mitten . .;ti;.'.�;s;�3::;�.�•'�`,,,�.-+._::,
<br /> coa�nt af tlie Beneficiary,the Bene£iciary ma7+dRCL�re all sums sec�ued by tttis'Fn�st�to 6e immediatety ci�e ar�d�ayslsle and r �'`� :,. .._ � .;-.'•
<br /> ,i;�,�r;:vr.� -•:>;;;: ` k.:;�
<br /> . _ ,.�'?Lht'�:
<br /> prac�d tn the temecties available w it under the dc!'ault pmvisiuns.00nrained herein. ; =�:;:���_,�__.
<br /> lU. Aay of the fallmving events shall be de�med an event of default hereundec .. ,:.. � , .,--;,.���
<br /> a. Tn�stozs shall have failed to make payment of any installment of pnncipa[nr interest ar any es�xr sums secvred hereby�r�hen • � �t_:__:�``"�+. _���
<br /> , dtte; , ,. •.:��--•.---.-.
<br /> b. Tiiere has oxurnd a breach of or default under any tecm. oovenant, ageeement canditia�.prnvision r�cesentation or .._: ; .'*�".-"`°"`_�_:-.
<br /> :�T-: ._
<br />� waz�anty camained in this Dced of Trust.the note or any other laan instrument secused tsereby:
<br /> ° c. There has been a default by the Tnu2ors in the paYment of auy prior or snbsequent lien or encu�.brauce in�to a11 or a� �� � ��-
<br /> " �•'a�
<br /> part of the P�penY: :��..' �._ �_-��
<br /> �_� uon in bankruPt�Y or shall be adjudicatacl bankiupi or igsotvent,or shail make an '�..= �-
<br /> d Tiustois sha11 file a voluntary peti � �-=:'-: ,s.`m-
<br /> :, :� �signment for the benefit of creditors in respect to the property:or an aaran to e��rce any lien or ena�m6r�e or judgments , �� ,.;. ,.
<br /> : �ainst the praperly is ooffimenced- � . :..;;,�-
<br /> , ' : 11. In tbe eve�of aay defaalt,the BeaeficiaiY maY declare aU indebtcdness secured heseby ro h�du�and ga3a�ie and the same � �zi���. .•,�--
<br /> .'� shall thereupon become dne and payable�v i t h o u t any presentrnent,demand,Protest or notice of a�!� "�e�eafter,the Beneficiary .. .v _ �.,.
<br /> . .� ` .E;�<., t. -�.' _.
<br /> .� �,-
<br /> a either in person or by��t, with or cvithout bringing anY action or pmo��,er ay�ecei►�er appointed by a eonrt and `�,
<br /> �"�,-,� withmrt zegard to the ada��acy of a�s�curiry.e�er upon and take passesseon�'�`i.e Pr�Rertp-ar any part ttczteo�in its mvn _
<br /> ,,:1� name or in thc name af the Tivstee, and do amy acts which it deems n�q a�d ds�ra�le to piesenre the vaine. ��i""�`.
<br /> '�' � ..
<br /> • �% �arketabilit�or rentability of the property.or part thereo�or iat�therein.increase the i�sc�e ther�t'rom or pmtect tLe , ,
<br /> sewrity he�eof and,�vithout talang possession of the pmperty.sue far or oihernise oollect the mnts.issat�s an�pmfits theceo� ': �
<br /> ,,• including thase Past dw°. aud unpaid and aPP�Y tbe same,less oosts and expenses of aperauon and oollce�on, mcluding ` ' .
<br />�' .� auomey fees.upon any�debiedness sec�ed hereby. all in tuch order as the Beneficiaiy may detenninc. T�ue eaterin8 apon ,...'f r#:: .
<br /> �'} azW taking poss�eession of the uust estate.tbe collecuon of such reuts.issues anrl pmfiis and application thei�sf as afamsaid -- �•��. '�,,t
<br /> -�;,� .
<br /> .� ��;t� shaU not wre or waive airy defauIt or natice of default hcreunder or invalidate any aa and iu�esponse to snch default or + , ,, __
<br /> pursuant to such natice af default and namitlLStanding the oontinuai►ce in posses�on of the propeety or the collection.reoeipl "�:''�`� �' _-
<br /> `._,� . and a p pfic�tion of reuts i�►es or paofits.Tsuste�or Ws BeueSciary may be entitled ta eJCCrcise cvery rig,ht p�vided for in any = _.
<br /> of the loan inswmenu�my law upon accurrence of airy event of defa�lt,includi��t he ri g fit to exercise W e poREr o f s a le: - �`?"'
<br /> , :�, b. wmmeaee an action to �meclose this Deed of Tmst as a mortgage, appoint a receiver.or specifie�lly enforoe any of tbe ��-�--_�--
<br /> coveaaats hereo� �,� -
<br /> c. deliver to Trustee a r�uriuen decla:ation of default and demand foz sale,aud written notice of default and elec,�on to c�nse
<br /> Trastots'i�aest in the g�erty to 6e sold which notioe Trustee shall cause to be duly 51ed for teaord in tize o$icial reoorQs � ''�"��..4.,�,�.;�
<br /> lP-- _�;i:;.�
<br /> : of the oounty in which�h��nope�tY is Iorated '�-`�'��'�_
<br />•' ��t �. Shonld the Beneficiary e�ect to foreclose 1sy exercise�c'ck�e pairer of sale herein conrained,the Beueficiary�.aarify Tiastee � � .
<br /> ..•���+`'� aud sLall deposit writh Trusiee this Deed of Trust and the note and s�n�eeipts and evidence of expend�t�es�and secured _ �``��.
<br />: :f;'�;; pos' — ...
<br /> ����,� - hereby as Trnstee may rei[uire•and upon re�t of the Beneficiary.the Tn�tce sball cause to be reme��,Pab��and delivered —.��_s,s.-:,.T..,,�_
<br /> '•��;�.
<br /> �.'�::. to Tevstor snch Notice of DefauIt and Notice of Sale as the�reqnired hy taw and lry this Deed of Tr�.t'�utee s6a1T�riihout dsmand .;.�,n.+.�,.��.�Q
<br /> ��•� c�Z'custos,after sach time as�+..ay then be reqnired by lacr•�^.d after reoordation of such Notice af fflefax�lt a^s!afi�r�Notice of Sale
<br /> •.,;,��; ha-+ing Deen pven as required'�i�w.sell tb�propercy�.�S�e�ime and plaoe of sale fixed hy it� s�Notice ar�'�ate,either as a '. " ___
<br /> .�f: ..
<br /> ;��y,.,;.�, whole,or in se�te lots or p�ocls or it�as Tn�ssee shatl deem�►�}aPrlien� and in such order• �.i��mary detemune.at pnb� �. ,.. ,.�.�.-,,.,.``
<br />.:.�;:.. , ' '
<br /> aucuon w the hi�hest bidder for cash and shall deliver to such purchase:ca.*purchase�s thereof a dee�i n sfle psoperty sold wasi�.dt .-. _
<br /> with the law then in effect. F,�tats in the Tnistee's deed s6aU be prima facie evidence of the uuth of the statemeasta made thetein. •:: � .:.. ... ;,�j
<br /> Tiustee shall apply the prooea:��:�!the sale in ihe follotiving order:(a)to all reasonabte oosts and e�cpenses of the s�➢s,including but �r.r�*s�s��
<br /> � not limited to Tnv^tee's fees of not mare tLan 2%of the gros4 sate price,reasonable attar�ey fces and oosts of titte e��adence:(b)to aU �-'�---a° :
<br /> � !''��.1 � sums secuted by thLS Dead of T�ust:and(c) the exoess. if ury. to tt�person or pe�ons lep.�llg' cnr.eUed thereto. Any pe�on. ,
<br /> .:�'�:
<br />�':1�'• ��t�din�ih�ge�,cncia�y,may purchase said property at said sale. Tzusr�:may in the manner prtn�.�iHi by l�sv,postpone sale of all . .,
<br /> i:` '6;�'`(i,a,;�y .
<br /> OI SII7 p07IlOD Of ihC pIOpClty. . ..
<br /> 1.3. Trustee and the Benefi�aiy,and eash of them.st+aJ3 ba entitlad w enforoe pay�°nt and psrfotmance of auy intl�biodness or . . - �'-`� ::».�::.'
<br /> _ ,-�.•�.r.
<br /> o�:ig�tion secared hereby and to exercise all rights antl�rcm�ezs under this Deed of'TYust or under any loan insttumeni or other . ,::-'j;'� ..-
<br /> " agrcement or airy laiws nor or hereafter enforoed not�vitl�standinS some or all of�he ind:bieduess and obligations sec�rEd h�erebp _-� ����,�
<br /> wtucD may naw or hereaRar be othetwise sec�ued. w6etlier by mort�age. d e e d o f wst. p l e dge. liea.assignm�en t or o t h emi s e. . . �
<br /> Neither ihe aoceptance of this B'eed of Trnst nar its enforcement,�vhether hy ooutt action or pursuant to the pom�er of sale or other . . . �� • .
<br /> poya•ets hcrein contaiaed,shall pre}udice or in any manner affect Tnutee's or the Benefcciary's rigt►t ro realize upon or enforoe aa�} % . .� . .. � . .
<br /> other security now or hereafter held by Tmstee or the Beneftciary, it being a�oad that Trustee and the Beneficaary. and each of . . _
<br /> them,shall be enntlod to enforce this Dced of Tmst and any other seaunty no�v or hereafter held by the Beneficeary•or Tnutee in . .
<br /> . such order aad manner as they rnay in theu absolute discreUon determine. No remedy herein oonfemd upon or resenod to Ttustee _ •
<br /> or Beaeficiary is intended to be exctusi�e of any other recuedy herein or by latv provid�or permitted but each shall be cumulau�•e • :. . __
<br /> and shall be in addition to eti�er}•other remedy gicen hereunder or no�r•or hereaRer�sung at lacv or equity or by s7atute. Ecen• � � •
<br /> pow�er or rem�edy�en by any of the toan iasiruments to Trustoc or We Beneftceary or to�vh�ch ei�her of them ma}•(�othenv�se ' . :
<br /> entitle�may be exercised.ooncurrenUy or mdcpendenU}�.from ume to tnme and as often as may bc dcemed e.�cpedient by Tmstee or � �
<br /> _ Renei�cr�nr and e+ther of them mav pursue inoonsistent remcdies.Nottung herein shall be constru:d as pmhibinng the Beaefic�aay _ __ ___
<br /> from seetang a deficiene,y�udgment agamst Trustors to the enent such acuon is permittod fr� la�i. 4 -- --
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