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<br /> � (d) a writ of executbn or nttachment of eny slmilat pracess ahatl be entored agalnst Trustor �vh�h shall become a Iien on the
<br /> � Trust Estata or any portlon thereol or Interest ihereh a�d 6uch executbn, attaohment or slmil�r proceas ol Judpment Is not relewa�d, .�;vL-
<br /> bonded, saUslled, vaceted a 5layed within 6lxty(�) days etter its entry or levy; or -°-.
<br /> (o) there hes oCCUrreG a breaCh of or defaurt under any term,Cov6nan�,egreement,condltlon,provlslon, representetlon or wurtenty - �
<br /> ' contained In 8ny prior deed of wst or monqege eHectinp the Trust E8tet8. '
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<br /> � 10.Accaleretlon upon Deteult; Additlonel Remedles. it an event of derauu uccurs, BenellCl�ry may dec�are cne ��
<br /> indabtedness secured hereby to be due and payabM and the eame shell thereupon become due and payable wdhout any presentment. ��Y"�
<br /> � � demand, protest or not�ce of any klnd. Thereaker,BonUlai�ry may: =:�
<br /> :�: I (q either In person or tiy ayent, with or without brinpiny any sctbn or proceedlnq, or by a receiver appointed by a court and ��:
<br /> wRhout regard to the adequacy ot Its securfty, enter upon and take possesabn of the Truat Eatnte,or eny part thereof, In ka own nartN
<br /> •'""�� or In the name of Trustee,and do eny ecls wh�h ft deems necessery or deskable to preserve the value,marketabllity or rentablllty of
<br /> �""' � � ' the Trust Estete, or part Ihereof or Interest thereln, hcrease the Inoome tliereirom or proteCt the security hereot and, wfth or wkhout
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<br /> tekiny possessfon of the Trust Estate, sue for a otherwlse collect the renta, issues and prolits thereof, Inck,dhp those past due and
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<br /> unpnkJ, and appty the same, less costs and expenses of operatlon and ColleCtlon Includhg attomeys' fees,upon any hdebtednoss _,
<br /> secured hereby, ali In such ader as Benefictery may determine. The enterinq upon and takhy possessbn of the Trust Eatata, th�
<br /> collection of suoh rents, Issues and profits a�d the applbation thereof as aforesaid shail not oure or waNe any de}auk ar not{ca of
<br /> ,. defauft hereunder or Invaildate eny act done In response to such defauk or pureuant to suoh not�e of detfluR and, notwfthsundlnp the
<br /> conttnuance in possession of the Trust Estate or the colleotion,receipt and eppllcatbn ot rents, issues or profits,Trustee or Benefbkry
<br /> shall be entitted to exeraise avery rlght prrnided br In any oi the Loan Instruments or by law upon occurrenae of any event of defauft,
<br /> Includhg the tipht to exerclae the power of 68Ie;
<br /> ` (II) commence an acibn to fordciose this Deed of Trust as e martgage, appolnt o receiver or spedtkaly enforce any of the _ _
<br /> covenante hereot;
<br /> (III) deifver to Trustee a written decleratlon of defeuft and demand for saia and a written not�ce of default and ebctlon to cause
<br /> � Trustots interest in the TN91 Eslate to be soid,which not�e Trustee shail CBUSe to be duly filed for record h the appropriate oftiCes of
<br /> the County in which the Tmst Estate is located;or
<br /> i (iv) exercise SuCh OthAr fightS Or rpmedies 81 Iaw Or in equity.
<br /> ' , � 11.Foreclosure by POW@f 0� S81B. II Beneiblary elects to foreClose by exemise of the Power of Sele hereh Contehed,
<br /> Benef�lary shaN notlly Trustee end shall deposk wiih Trustee this Second Deed of Trust and any note evidenclnp the Indebtedness and such
<br /> recelpls and evldence of expenORu►es made and secured hereby as Trustea may requke.
<br /> �.• (a) Upon recelpt of such not�e from Benelbtary, Trustee shali cause to be recorded, published and delHared to T►ustor such
<br /> �� � Not�e of Defa�lt and Notke cl Sale as then requi►ed by law and by thls Second Deed of Trust. Trustee shah, wkhout demnnd on
<br /> _ _ _ 7n,ator, a8ar such tlme as may then be required by lew and atter reaordatbn oi such NotlCe of Defauk and after Notba ot Sflb havinp
<br /> � been gNen es required by Iew,sell the Trust Estale at the tlme and piace of sele i6ced by R in suoh Not�e of Sale, akher ae a whoie,or _
<br /> r�y tn separate lots or parceis or rtems as Trustee shall desm expedient, and h suoh order as ft may determhe, at publb auatbn to th�
<br /> � hlghest bldder for cash in lawlul money of the United Stales p&y8ble at the time of sale. Trustee ahall deliver to suoh purohaasr or
<br /> '� purchasers thereof Its good and suflblent deed ar deeds conveying the property so sold,but wkhout any Cover.ant or warranty,express
<br /> or Impited.The recitals in such deed of any matters or facts shali ba conalusNe proof of the wthfuiness thereof.Any person,Inoludinp
<br /> withaut limitation Truetor, TNStee or BeneftCiary,may purchase at suCh sale.
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<br /> (b) As may be perrNtted by law, after deductinp all costs, fees and expenses af Trustee and of this Trust, Inoiudhy CoBts of
<br /> �; evidence of title in connectbn wRh cale, Trostee shaN appy the proceods of sale to payment of(i)the tndebtedness(II)all other eums
<br /> +�-• then secured hereby,and(�I) the remalnder,if eny,to lhe person or persons lepatly entitled thereto.
<br /> �. (c) Trustee mny h the mamer provided by law postpone seie of aY or any portion of the Trust Estate. =-
<br /> �. 12. Remedies Not Exclueive. Trustee and Benetblary, and each of them, shail be erttRled to entorce payment and performance =
<br /> � of any Indebtedness or oblfpatbns secured hereby and to exerclse ail riphts and powers under this Second Deed of Trust or under eny Loan
<br /> � � Instrument or other apr6ement a any Iaws now or hereaRer in torce;notwithstandlnp, some or all of the such Indebtedness and oblipetlons �
<br /> � secured hereby may now or hareafler be othenvise secured, whether by mortyaqe, desd of trust, pledpe, Ifen, ass�pnment or otherwise. ��--
<br /> Neither the acceptance ol this Sacaid Deed ot Trust no� its enlorcement, whether by court action or pursuant to the power of sale or other
<br /> powers here�n conteined,shall prajutlice or in any mannwr aMect Trustee'S or Benefbiary's right to r88ilze upon or enforce any other 6eCUrky
<br /> � now or hereafler held by Trustee ar BenefiCiary,it being agreed that Trustee and Bene(IC18ry,end eBCh of them,shall be entitled to entorCe �;
<br /> 1 Ihfs Sacond Deed o�Trusl and any olher SecurAy now or hereafter held by Benef�lery Or Trusletl in suCh order end menner as they or ekher –
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<br />_� of them may in their absowte discrelbn determine. No remedy hereln conferred upon or reservsd to Trustee or Bc���blary Is Intended to be �,��,.
<br /> exclusNe of any otner remedy heren or by law provMed or pertnitted, but each Shail be cumulative end shall be in additlon to every other
<br /> remedy gNen hereunder or now or hereaker exist(ng at Iaw or in equity or by statute, Every power or remedy given by eny of the Loen �•-�
<br /> Instruments to Trus►ee or Benel�ciary or lo whiCh efther of ihom may be otherwise entftied, mfly be exerCised, ConCUrtently or hdependantly, --
<br /> irom timo to time and as often es may be deemed e�edlent by Trustee or Bene(blary and elther of th�m may pursue hconsistent r9rtwdks. _.
<br /> Nothtng hereln ShBN be consdved as prohibiting 9enel�iary Nom seeking a def�CienCy Judgment agalnst the Trustor to the extent such eCtlon �1=
<br /> �s permitted by law.
<br /> Ft9�t0.LMO 1)/97) Pape 3 0�5
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