201107196 - Laserfiche WebLink

Browse

20�10�19� ��r� � �c � o�► a�� a�� a �� a �,�� ,��r. demand, pnvtest � noike af any kind, whetbEr or aoi eay dsfault exisls. Benetic�y strdll cwnsant tv a tr�ansfer of �e Trqst Estste to a third pffity to the e�ent such third g�erty me�is the �rements corriained in. eqd assianes the obiiga�ioms set fost6 in tlre F'� I)�d of 7�ust. 'fl� covenanis �c►�amed herem s�nall ran with the Property and ei� remein ia full foroe amd effect un� t� lttdebted�ss Fa pafd in li�lL 9. Bvenls af D�/'wrl� My of t}� following eYents shaU be deea�ed an event of default bereunder. (a) defauft shall be �de in the.AaYmeat of rhe 1nd�1�� or any other swn secue+e�i bereby wl�n dae: or (bj Tnsctor �!1 perform eqy ect in �; or (c) a courk af cximpetent jurlsciiction shall enter sn order, judgt�nt or decme eppmving a pecitian filed against 'Itusbor seeldnB anY �on. dissalW3on or �milar relief vndcr eay prexnt or fl�uce fedaral, �ate vr other stadne, law or regulatian relating w banlavptay, insolvency or other nef�ef for debtors, and sach ord�, judgmerd or decrea shall remaia m►vacnted and ws�te.yad for an agg�re�ate of sixtY {6Q) days {whatbet or aot cn�ve) from the fnst t�te ofertry tkeieo� or any hv�ea, recaiver w]iquir�tor or Tn�tor or of sll or any pmt of the Tit�t Eslate, or af a�ry or a11 of the royalties. raveAUes. renls, i�s or pro�its d�er�� shafl be appoiated wlt6out the � or acyuiesr.enoe of Tt�ustnr a� §uch �paimment shall remain unvacat�ed and unstayed fot an agg�+ag�te of sixty (b0} days (whether vr not consecutiver or {d1 g writ af exeaation or mttachment of any sumilat pr�'sh�iE b� ente�ed ag� Tn�atrn which s6all beonme a I�t on the Tn�st �sta� er any pprtion thereof pr faterest therein and such execution, attachment or similar pnosess of judgment is not releesed, baaded. satiafied, vacated or atayad within sixty (60) daps aflar ita eatry or levy; or {e} thet� h98 ac�urtCd a brCaCh Of or defau[t under a� te�m, coveA� agteement, coIIditi�. pravision, regresenieticja nr warrnnty cantained ffi the Fir� Deed of Trust or any psior d�d of trus¢ or mostgage �ffectnng the Tr�t Fstaae. 18. �lr�aedesallo�r upoR Def� Ad�ilonet Remc��, If sn event of defauh ocxuis, Benafisiacy may deciane tl�e Inaebteaness ses�l hereby ea ue auc and paysble aad che same sY�aEt the�,enpon hecume aue. ana payable w� apyy �resestrnent, demand. Pxot�st or �1i+�e of any kmd. The�a�er, B�efle;arY ma� = {a) erther in person or by sgent, with or without bringing �ny actioa � pr�ediag, or by a n:oeiver appo➢nted by a ootut end withovt �egard to the adequacy of its seeurity, eette� u�on ead talce pv�ssion of the Tnist Estate, or any pert the�eo$ in i�s owa aeme w in the �e of 'frusbee, �d do a+►y ads which �t daems nece�saiy ur desinable ta preserve xhe yalue, rnsrkefehil�t}• or r�ntab9lity af the Trnst F a n ar �rt the�+eof or m� tberein. inaasase the income the�efrom ar p�oteot tl� seauity hereof end, with or without takmg posse�ion of �e Trast EsmA� s� for or atkerw)se ool�ect d�c reats, i�su�s aad profitv thetea� inclu�ing lfiose past due and unpaid, and apply die same, l� costs and expenses of aperation and �llectioa including attorncys' fiope, upon any in+debtednass. seeured hereby, all m such order as Beaeficiary may �teraiine. The enterin$ upan and taldng P�vsion of the Tn�st EsteL�, the ootlection uf such reats, � and gmHts m�d the applicatic�a rhereaf as afonasaid sh�ll not cure or waive arry default or �tice of default heieund�r ar invaliciate arry act done in response to such default or parsoant to sac6 �tice of defaoli and. rtotwiths�nding the co�o0.tnuence in gossesston of the Z'tust Estat� or tt� oollectiun,• tBceipi aad appHcatian of aw�„ isseies ar profrts, Trustee or Beneficiary shall been ea►iitlad tn �eiveise avary rigbt grovided frn in �uy af ti�e Luan Inshuments or by lnw upan occaurenoe of any eveat of default, inoludin� the right to exerci�e the povver of �le: {6} wmmeace sn actitm to foreclo� ihis Il�i of Tru� as a mortg�ge, appoint s�iver or specifically errfdree �axy of tbe �►veoant� he�a� (c) deHver i� Trustee a, writban declaration of defmult end demand for sale and a animen �dce of default and electirns to c�arsa Trustor's interest in the 7n�st Esbate w be sold, which aotiee T�usbee shall causa io ha duly filed far �rd in tt� apprap►�e o�c�s ofthe Couary in which the Tn� F.state is locat�d; rn (d} eacercise sach oth�r rights or ranedics at law or in equity. lYIFA HBA Lo�nlFOrm H (08/10}