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201107747
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201107747
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Last modified
10/19/2011 11:27:21 AM
Creation date
10/18/2011 8:27:58 AM
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DEEDS
Inst Number
201107747
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. <br />�Of107747 <br />(d) Trustee shall not be liable for any action taken by Trustee in good faith <br />and reasonably believed by Trustee to be authorized or within the <br />discretion or rights or powers conferred upon Trustee by this DOT. <br />17. Events of Default: Any of the following events shall be deemed an event of <br />default under this DOT: <br />{a) Any default of a term or condition within the Promissory Note that this <br />DOT secures; <br />(b) Borrower has, at any time within negotiations leading to the execution of <br />this DOT, given any materially false, misleading, or inaccurate information <br />or statements, which induced the Lender to loan money and enter into this <br />Security Instrument; <br />(c) Borrower shall have failed to perform any covenant required by Borrower <br />to be perFormed herein. Lender may elect to give Borrower written notice <br />of any failure of Borrower to perform covenants hereunder, after which <br />Borrower shall have 30 days after such written notice from Lender to <br />Borrower to perForm. However, the Lender is not obliged to give this <br />notice, as the Borrower is responsible to perform the covenants, herein, <br />without notice; <br />(d) Borrower shall have failed to pay any money as required in the Promissory <br />Note which is secured by this DOT; or <br />(e) Borrower shall have sold or encumbered the Property in violation of <br />paragraph "11. Transfer of Pro�ertv" herein. <br />18. Acceleration upon Default 8� Additional Remedies: Should an event of default <br />occur, Lender may declare all indebtedness secured hereby to be due and payable and <br />the same shall thereupon become due and payable without any presentment, demand, <br />protest, or notice of any kind. Thereafter, Lender may: <br />(a) Either in person or by agent, with or without bringing any action or <br />proceeding or by a receiver appointed by a court and writhout regard to the <br />adequacy of trust property, enter upon and take possession of the <br />Properly, or any part thereof, in Lender's own name or in the name of <br />Trustee, and do any acts which Lender deems necessary or desirable to <br />preserve the value, marketabilifiy or rentabilifiy of the Property, or any part <br />thereof, or in�terest therein; increase the income therefrom or protect the <br />trust property hereof, and with or without takir�g possession of the <br />Property, sue for or otherwise colle�t the ren#s, issues and profits thereof, <br />including those, past due and unpaid, and apply the same, less costs and <br />expenses of operation and collection, including attorr�ey's fees, rf' <br />5 <br />
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