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<br /> � ` lCt a•r+��:a' sx°��tian Q��ac"men: of any s�milar prccass sha11 Le_nt°rsC agams:Tr;;s;cr wt�:ct: shatl '
<br /> bec�me a��e� o�tte Tn,s;Es:a.e:� arr poraor mereof ar ��cerest te+ere=n ana scc�+exec�r.cn. ar_sc^�nent o:s«11ar , •
<br /> ' � � proGess of�udgment:s nct re:easz4,ccr,e".. sausfie�.vacated or staYea wittsm ssxrr(E�1 Qays after:ts°'mY or!evy;or <�•.�t`.
<br /> ' ' � (gj there has oc�.ure: a tr�ac'► of or defaali under any term. cover•an, aqreement, c�rtdition, psavision. � : . "`�
<br /> . re0tesentatiCn or warran~/canraired .r.any Pnor deed of mtst ar mortqage atfec::r.g the Trus:EStat_. ' _ �� .
<br /> - �- " 10_ AccBleradv� nPan OstavJ�AQditlanal Remedles. (f an event of defa�tt acc:,rs, 8er.efic:ar� may de�lare the � •� - •� _ ---
<br /> '� tnQebcedness secured herelsY to be due ar.G payabte and the same shall thereupan bec�me due and payanle withnut arsyt � —r �'".—.r' .. .
<br /> � presenunent,demand, proter nr notice of any kirsd. Thereafter, Benefiaary rnay: � ..� � ,
<br /> .' � (� either in persan or by agertt,with er withaut bdnging arry aciion or pro��eding,ar by a receiver aPPaime4 � .,�,` .
<br /> ' � by a court and wit?:aut reqard to the ade�uacy of its securitY,emer'JDan artd take possess+an af the Tru,i Estate.or anY Q; -_ , �,. �..
<br /> . part thereof,in its o�vn name ar in the name af Trus:es.and do any acts whic.h it de�rns necessary or desirab�e m preserve , .
<br /> . `' the value.markatabitiry or rentahil'tty ot tRe Tr�st Estate.or part thereof ar irneres:therein,increase the income therefrom ._�' • .. -
<br /> ' " • . � or protect the securicy heresf and,with ar without taking Po��on of tne Tnut Esra�me,less aosts and exP'enses of .... _ i rry:
<br /> '�� rents, issues and prcfits thereof,indudir.g ti�ose p3st due and urtpaid,and app y
<br /> ., �- .
<br />" opera�en and tollectian ineluding atmmeys'fees,upon any indebtedrsess secured here�Y.���n such ordet as BeneficiaN . , ____
<br /> . may determine. The enterirtg upon anC taking passessian of the Trust Estate.the cotiection of sucti Tents,issues and
<br /> `' � profits and iha appiication theraef as aforesaid shall nat cure or waive any defauit ar natice ot defauk hereundrs or
<br /> invaiiQate arry act done �^ resFanse ta such default or pwsuant ta such notIcs of detautt and. notwithsmnding the _
<br />`z� �• corrcinuance in possession ot U�e Trust Estate or the coitectien. receipt and appticatiun af rertts.isn+es or profits.Trustea .
<br /> '. . " er BenefrciazY shatl 6een e�ed ta exe�� ever/ right provided for in arry of the Loan Insuuments or by taw upon --
<br /> . --�f eccuaence of any eveisi of defauit, includirtg the right to exercise the pawer of sale; __ _
<br /> �. ;;';r`>,? (G) cammence an action to forectose this Deed of Trust as a mortgage, ap0oint a receiver or specficatly _—
<br /> � � .:� . . -_-- _
<br /> er►force any of the CGvenants hereof; ,
<br /> ,�rY=�-
<br />. . • -... �'p�',—.
<br /> �; � , � tii;) deliver te Trus;ee a v,riren deciarauon of dafautt and demand for sate and a written nouce of defauft and ,
<br /> ' electioa ta eause TrustaPs interest �e ri'�e Trust Estate to 6e satd, wiuch netice Trustee shatl cause ta be duly�led for - ��:.:��_
<br /> . record in the appropriate oftices af the Caur►ty in which the Trust Estate is Iepted:o� 'i:��_�___
<br /> -; .
<br /> � . _ •���:`
<br />.�?f; (iv1 exercise such other nghts or remedies at law or in equity_ < _
<br />,v�Y� „ `''----��
<br /> .. �;��t.. _,,.;�,,_:
<br /> ,; 71, Fo�actosure byPower ofSale. If Beneficiary etects te fpredose by exercise of che Power of Sate herein contained. . ., � .
<br /> Besseficiary shaU notify Trustee and shall deposit with Trustee this Second Oeed of Trust and arry nate evidencing the{ndebtedness , , ;•,;,:�...:;
<br /> 5— - '- and such receipu and evidence at expend'itures made and sacured hareby as Trustea may reauire. _ �.'�:�''`
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<br /> ia1 Upon receipt of such noticE from 8eneficiary.Srustee shal1 Causa ta be recorded.Du6lished and detivered ._
<br /> �� � w Trustor such Netice of Defautt artd Notice of Sale as then required bY��aad by this Second Oeed af Trust. Trustee � . : ,;��
<br /> � � , shall,wit�out demand on Trustar,after such time as may then be required by law ar�d aher receNatian of such Netiee of . �.�;���:_.
<br /> Oefault and after Notice ot Sate having been given as re4�red by law,sell the Tcus:Esiate at the time and place of sate �. :;�.*„�-
<br /> ..`'? �,.; fixed by it in sueh Netice of Sale,either as a whole,or in sepacate lots or parcels or items as Tnutes shall deem exDedient, ... � '
<br /> � ; and in such oroer as it may determtne,at public auction to the highes=biCder tor cash in lawtul money af the lJnited States :`��'
<br /> ; + ,":�__
<br /> . payable at the Ume ot sale. Trustes sha�1 de�iver to such Purchaser ar purchasers thereef its good and suffident deed ar ��_
<br /> - - • • deeds conveying the property so sold,but withaut any covenant or warranty.exOress or Imptied. The recitals in such deed � . ;`. .�` :�^
<br /> � ; .� ot any matters or facts sfiail be eonclusive proot of the Vutl�fu�ness thereof. Arry person, inctudiag witf�aut limitatfo» , y.L
<br /> Trustor.Trustee ar Heneticiary,may purchase at such sale.
<br />: _� .;1� �b) As may be pertnitted by taw,after deduciing all costs,fees and exD�s�of Trustea and of this Trust. • , . ...
<br /> . i�c t u d i rt g c o s t s of avidence of titla in cannection with sale,Trustee shalt appty the proceEds of sale to paymeM of(i)the �
<br /> ��`� � tndebtedness Gil aIl other sums then aecured hereby,and G��1 the rema in der,i f any,to t r e p e r s a n o r p e r s o n s t e g a t t y e n ti t t e d -
<br /> therato. •�.. .
<br /> ' ' icl Trustee may in the manner provided by �aw postpone sale of all or any portian o!the Tnist Estate. •
<br />'�;;;, . _.
<br /> � 12. Remed/es Not�ircluslve. Trus:es anC Beneficiary,and each of them, shall be entitled to e.*•'oree paymen i and . ,.
<br /> •,�; per�ormance of any indebtedness or oblieat+ans secured hereBy and to exercisa aU rights and pawers under this Second Oesd of
<br /> � Trust or under any Loan Instrument or other agresment ar any laws naw or hereafter in forc�;r.otw7thstanding, some or a11 of the ,::
<br /> such indebtedness and obtigations secured hereby may now ar hereaft2r be othenvise secured,w'•�ether by mortgage,desd of trus�
<br /> .: �_ pledge,lien,assignment ar atherwtse. Neither t1:e acceptance of this Seco�d Oee4 of Trust nor its enforcement,whether by court
<br /> actian or pursuant to the pawer of sate or other powers herein corrtained, shall prejudics or io any manner aftect Trustes's ar
<br /> �. � Beneticiary's rigM to realize uoan or enforce any other security now or hereafter held by Trustee or Beneficiary,it being agresd that H
<br />_ . , TrusLee an_ Benet+c+ary, and eaeh of them,shatl be endUed to enforce this Second Deed of Trust and any other security aow or
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