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<br /> �` � (d) a writ af execution or attachment of any similar process shall be entered against Trustor which shall � • �`=
<br /> ` become a lien ort the Trust Estate or any portion thereof or �nterest therein and such execution, attachment or simiiar � � 'r
<br />` process of judgmanL is not released, bonded, satisiied,vacated or stayed within sixty(80)days after its entry or Ievy;or � � , _
<br /> i •
<br /> t (e! there has occurred a 6reach of or defautt under any term, covenant, agreemerst, condition, provision, � ` �. . .. ' ���
<br /> j represeMadan or warranty contained in any prior desd of trust or mortgage attecting the Trust Estate. � : ' • � , -
<br />'. " 10. Aecatamtlon upan DalauJ�AdrJTtJonal Remedles. If an event of defasiit occurs, Beneficiary may declare the � , . �
<br /> _,Y„ Indebtedness secured hereby to 6e due and payable and the same Shatl thereupon become due and payable without any �,_�_i, _.___•. �. :.�__„_ �
<br />, :._j presentment, demand, protest or notice of any kind. Thereafter, Beneficiary may: . `' �
<br /> ,
<br /> . (i) either in person ar by agent,with o�without bringinfl any actian or proceeding,or by a receiver appointed � ,�' 4
<br /> • , by a couR and without regard to the adequacy of its security,enter upon and take possession of the Trust Estate,or any ;
<br /> paft thereof,in its own name or in the name of Trus4ee,and do any acts which it deems neaessary or desirable to preserve f� . �_� - ,
<br /> the value,marketability or rentability of the Trust Estate,or par[thereof or interest therein, increase the income therefrom F;;:.,,•.:;:.
<br /> {."r'•,;;t 5:.
<br /> or protect the security hereof a�d,with or withaut taking possession of the Trust Estate,sue for or otherwise collect the .x-:��x��.;': " _ ___ �'
<br /> ; rents, issues and profits thereof, inctuding thase past due and unpaid, and apply the same,less costs and expenses of =`�z;f�+��tf�. �v,,�„�:
<br /> operation and coltacdon irtatuding attomeys'fees,upon any indebtedness secured hereby, all in such order as Beneficiary ��,��` �
<br /> ma determine. The enterin u on and takin , :�`'�y�-' 4 ���"
<br /> , y g p g possession of the Trust Estate,the collection of such rents, issuss and r�.
<br /> profits and the application thereof as aforesaid shall not cure or waive any default or notice of default hereunder nr . ..;��x��`
<br /> ,' irnatidate any act done in respanse to such defautt or pursuant to such notice of default and, natwithstanding the ,,�,ay�,; •_� ,.
<br /> "`• continuance in possession ot the Trust Estate ar the coUection, receipt and application of rents, issues or profiis,Trustee � "'t;'""��'-
<br /> ,r or Beneficiary shaU been ent�kled to exercise every right provided for tn any of the loan Instruments or by taw upon � `.t .,��:__�__. :
<br />� �� occurrence of any event of default, including the right to exercise the power oi sale; •. �.:�k�h_;�l_ =- -
<br />. .f .:,.N;.� —; � :,.
<br /> _� ,
<br /> i�1 commence an action to forec�ose this Deed of Trust as a mort a e appaint a receiver or s eciticalt J'-`�y' .-,4 .
<br /> �� 9 8 . P Y -- . ���
<br /> ;1 entorce any ot the cavenants hereof; � • -•�•
<br /> (iii) deliver to Trustee a written declaration of default and demand for sale and a written notice of defauit and '4 � .,�'�.
<br /> ''�' � electiort to cause Trustor's intejest in the Ttust Estate to be sold, which notice Trustee shall cause to be dui filed tor :� - ' 3r-.1' "•`
<br />.-':�;1�, record in the appropriate oNices of the County in which the Trust Estate is located; or V -�.' � � � � '
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<br /> (iv) exercise sucb other rights or remedies at Iaw or in equity. � ''.`yri�''�� .. :.�:, :
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<br /> ;,� 11. FoiselosurebyPower olSele. t(Benefiaiary elects ta foreclose by exercise of the Power of Sale herein cantained, - � _�•.I�
<br /> Bane�ciary shall notify Trustee and shall deposit with Trustee this Second Deed of Trust and any note evi�encing the Indebtedness � !�� � � ' ,�f �
<br /> and such receipts and evidence of expenditures made and secureA hereby as Trustee may require. ,��;-.;'..' �";��• ..
<br /> . .,�
<br /> • (a) Upon receipt oi such notice from Beneticiary,Trustee shalt cause to be�corded,published and detivered ' �i 1
<br /> ,�;���:..
<br />• to Trustor Such fltoUce of Default and Notice of Saie as then requtred by law and by this Second Qeed of Ttust. Ttustee -�. • �,� �, -
<br /> shall.withoui demand on Trustor,after such time as may then be required by law and after recordation oi such Notice of .,., ' s
<br /> Datault and after Notice of Sale having been given as required by law,sell the Trust Estate at the time and place of sale .'�"�
<br /> fixed by it in such Notice of SaQe,either as a whole,or in separate lots or parcels or items as Trustee shall deem expedient, ' -'�''�
<br /> , and in such order as it may determine,at pubtic auction to the highest bidder tor cash in tawful money oi the United States �:��;�'_
<br /> payable at the time ot sale. Trustee shap deliver to such purchaser or purchasers thereaf its good and sutficient deed or --
<br /> � deeds convaying the property so sold,but withoui any covenant or warranty,express or implied. The recitals in such deed ==--
<br /> , oi arry matters or factS shaU be conclusive proof of the truthiulness thereof. Any person, including without limitation �.'�! -�°��__
<br /> v Trostar,Trustee or Beneftciary, may purchase at such sa12.
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<br /> (b) 61s may be pe�mitted by law,aiter deducting all costs,fees and expenses of 7rustee and of thts Trust, � ` ��t��''�"-`-'
<br /> � �:�r;. r•:.'r.�---
<br /> � 3 including costs of evidence of title in connection with sate,Trustee shall apply the proceeds of sale to payment ot (iJ the '. ,� . ,� % '�"`
<br /> Indebtedness i�i1 a11 other sums then secured hereby,and liii)the remainder,it any,to t�a oerson or persons tegally entitled ���``'
<br /> thereto. ,,.-- 't'�' '
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<br /> „ (c9 Trustee may in the manner provided by law postpone sale ot all or any partioro of the Trust Estate. __ _ y__�;�_,��:�
<br /> ;�_..�.,,.T,'^�.. —.
<br /> 12. Remsdles Not Exc/uslve. Trustee anfl Beneticiary,and each of them,shall be entltled to snlorce payment and '`•� ��-
<br /> performanc3 04 any indebtedness or obligations secured heretoy and to exercise aIl rights arsd pawers under this Second Desd of ?�� �S�-.--e---
<br /> _'.W��'._. �:':��..
<br /> � Trust or un!�r any Loa�Instrument or other agreement or any lativs now or hereafter in torce;notwithstanding, some¢r ap of the ,;,w �s��y..�w
<br /> .:�1�..;.�
<br /> such indebtedness and obligations secured hereby may now or hereaiter be otherwise secu►ed,whether by mortgage,deed of trust, • �:-�4r'iir'r�+{���-.
<br /> ptedge,lien,asstgnment cr atherwise. Neither the acceptance of this Second Dz�d of Trust nor its enforcement,whether by court � �,� '
<br /> •'�'. 1� �.,.. 1
<br /> attion or pursuant to the �awer of sale or other pawers herein contained, shaU prejudtce ar in any manner attect Trustee's or -,=����a���,.�.t�.
<br /> Beneficiary's right to realize upon or entorce any other security now or hereaiter held by Trus:ee or Beneficiary,it being agreed that . •• ..;�.,;,:.:_::-
<br />• ' �.:�,;::,� . :,,
<br /> Trustee ar.d Beneticiary,and each ot t�em,shall be entitled to enforce this Second Oeed of Trost and any other sewrity now or . ��;;>��_• .
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