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<br /> tinuancc of this Dccd of Trust to collcct the rents. � , � `_-
<br /> I . 7. Thc Bcneficiaey shall havc tFic nBti�•P°''vcr and authori�Y�oc�cd thcreon with or without lillcing posscssion of ttic property �
<br /> issues and profits of the propercy and of any p��son� praperty �
<br /> and Trustors hereby absolutely and uncondi�ionally assisn all such rents, issues and profits to the lxneficiary. The %s T•
<br /> aflected hereby. °
<br /> beneficiary, howcver, hercu i���espect to paym e n�of any ndebtedne.ss��red hc cby� or in t he pe r fq r m an c c a a y�St�m�t • „_
<br /> not, at such timc, in defa ^
<br /> • hercundcr. lf any event of defaulta�`ho�ot��T�stors orta}�on�e D i�iniug ndcr Trustors.and�'itl o t rcgard to he a ue`of • -
<br /> Bene fici a ry.a s a m a tt e r o f ri g h t an ,
<br /> the trust estate or the interest of the Trustors therein, s ha l l have t h e c i g h t t o a p p l y t o a n y c o u rt h a v i n g j u r isdiction to appo�nt x
<br /> rcceiver of the property. -
<br /> � g. 'fhc Acneficiary, nr its agcnts. arc authoo of1O �orniing any f theaac'ts thcy arc author 7�d t pperform und�the t��slof
<br /> purpose of inspectinS the sum�and for che purp P� .
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<br /> any loan insUuments executed by Tr�sto�s.
<br /> g, If all or any part of the propertY or anY interest of Trustors u sald, transferred or fiuther encumbcred without the wntten
<br /> consent of the Beneficiazy,the Heneficiary may declare all sums secwed bY this Tiust Aeed to be immediatety due and payable and
<br /> . proceed to ihe remedies available to it under the default provisions contained herein. �,���
<br /> 10. Any of the following events shall be deemed an cvent of dcfault hereundcr. ..��-;.-;_T
<br /> A. Tcustors shall have failed to make payment of any installment of principal or interest or any other sums secured hereby when
<br /> �,�r��:•��'1��;'=
<br /> " due; resentation or ' -
<br /> ' b. ThEre has occurred a bre�ch of or d�fault under any term. covenant, agmement, condition, provision, rep Y,jr�a:°'
<br /> � Warranty contained in this Decd of Tcust.the note or any oiher 1 rior or subse�uent lien o encumbrance in respect to aU�r any ..�:,�1=
<br /> � � There has bcen a default by thc T�ors in the payment of any p T �;�j
<br /> part of the propertY; ,��=:-`�--�
<br /> tition in bankntptcy or shall be ad,�udicated banktupt or insolvent, or shall make an ���
<br /> d. Truscors shall file a voluntary Pe t to the ro or an action to enforce any lien or encumbrance or judgments �-;.-�_-
<br /> .� 1 assignment for the benefit of creditors in cespec P P�T�Y� • •c �:
<br /> �.-..�,
<br /> '� a�ainst the propertY is commenced. •,5• .
<br /> 1 i. In the event of any defa u lt,a ab e withan t a Y PTe nitme nl demand�,pro est�o o uce�of a�►y ki d e T he m a fteb't he�B n e fi cial r y _
<br /> �'� st►all thereupon become due and p y ''
<br /> ; � may: action or proceeding, or by receiver appointed by a cowt and ,
<br /> a, either in person or by ugenL�'►�►°���hritv.ent r�upon and take possession of the prapertY•or anY Part thereof,in its-otwn
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<br /> -__- �i without regard co ihc auoK-uas�af an, -- • '--`
<br /> ., �o g.......s�_ --.:
<br /> nanie or in the name of the Tmstee� and do any acts which it deems necessary ac►d uw.�bi
<br /> or art thereof,or interest therein,increase the income therefrom or protect the �
<br /> marketability or rentabiG.ty of the propertY. p sue far or othenvise oollcct the rents,issucs and profits thereof,
<br /> . ' security hereof and without taking possession of the pmperry. •., .
<br /> �� including u►ose Past due and unpaid. and apply the same, less costs and expenses of operation and collection, including ,
<br /> hcreby,all in such order as the Beneficiary may determine. Ttas enteting upon �'� ,;:�,
<br /> � attomcy fces,upon any indebtedness securecl ucfltion ther�of as aforesaid �. �
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<br /> �yd taking possession of the trust estate,the coliection of such rents,issu�and profits and app [ .
<br /> shal] not cure or waive any default or noticc of default hereunder or invalidate any act and in respo�Ct�ll�o�fa�pI
<br /> pn�suant to such notice of dcfault and notwithstanding the continuance in pc�ssession of the pro�erty rovided for in any
<br /> and application of rents,issues or pro�its,Tcus�ee or tl�e Beneficiary may be entided to exercise every right p wer of sale;
<br />� of the loan instruments or by law upon occurrence of any event of default,including the right to exercise the po — -
<br /> ' b. oomcs►ence an action to foreclose this De�d°f T�as a mortgage, appoint a receiver, or specificalty et►force any of the �-
<br /> �{J5"'�
<br /> . covenants hereof; ----
<br />` � � c. deliver to Trustee a written decltara��la dW�cht Qu�T�t�f 5����t be duly filed fordreoord n the of8cial x�oids —
<br />-� Tcustors ►nterest in the propert3' is located. —
<br /> of the county u►which the propeny =-
<br /> 12. Should the Benefrciary elect co foreclose by exeretrie no eeand such rece pts and cvidence of�penditur�s m de an se�.vred Y-
<br /> and sball deposit with Trnstce tltis Deed Af Tcust and ��.
<br /> • • hereby as Tn�s���Y����d up°n mrquest of the Beneficiary, the Tcustee sE�all cause to be rerorded.published and delive
<br /> = � to Ttvstot such IQotice of Default and Nouc�e of Sale as theV ra�����uon of ususch Notiae o Defaul nd afie Notix ofSale
<br /> � on Tmstor,after such tune as may 11►en be�1�by at the time and place of sale fixed by it in such Notice of Sale,either as a ��_, ,
<br /> . ' t�aving bcen�,iven as ralu�red bY law.selA the property —��"a°___
<br /> whole, or in separate lots or Pa�°�ls or items as Tcustee shall deem expcdient, and in such order as it may d�ete�l�.�nPlstent �:���6e�.
<br /> '�,,; °., �,a�;.--�n;,
<br /> � �� auction to the highest bidder for cash and stiall deliver to such purch�ser or purchascrs thercof a deed to the pmperi3' t� �---��
<br /> �r�•i'
<br /> with the latv then in cffect. Rccitals in the Trustee's deed shall be prinia facic cvid�nce af the uuth of the statements mads thcreln. ��', ���
<br /> " ' Trustee shall applY the Proo�ds uf thc sale in tl►.e following ordcr. (a)to aU reasonable costs and expenses of thc sale,including but �T T*Y�^
<br /> :.:ry:.c:��aT:�_•
<br /> rson. .. ,s.,,x.:.
<br /> a' 4 notlimitedtoTrustee'sfees of Tcust a�e�)/the excxss, ifanyp ocehe�pe on or[tpersons�iegallyceni led thereto.enAny�Peo ";. ,,•r°.,,,;,.
<br /> sums secured by this Dci:d ne sale of all
<br /> � ha�c said prop�rt}'at said salc. Trustcc may in thc maruicr providcd tsy law•Pos�p�
<br /> " uicluding the Beneficiary.may P� � . .
<br /> � or any Portion of the property- - , "
<br /> 13. Tn�stee and the Beneficna�Y. and each of thema d 1 wers under a�s n�a oi TN�oa�d t�y�ann�►ment o�o er _
<br /> " obligation securcd hembY and to excrcise ali nghts {�o
<br /> � agrecmcnt or anY laws nor or hereaftcr enforced notwithstanding some or all of the indebtcdness and obligatnons secured her y 1
<br /> _,__ .�h�r.h mav now ar hereafter be othenvisc secured•^�vhCtlt�r nt whether bv�acuon opp gursuant to the�power of sal or o Ser
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<br /> Neither the accxptanx of this Deca or Trua<«�, •��.��.---.----.
<br /> _ , powers herein co�of h�erpl eld b�TNStee ort he Benefc��iarynit bein�agreed that Trustee�antd the�Benefctiaryrand eacl��of
<br /> othcr securiry no
<br /> them,sliall be entitled to cnforcc tt►in he��ir b o u c d scretion dcte.rmine. No�rcmedy h�in eonfcrred upon oilCrescrved�Tn�stce
<br /> such order and ananner as they may �.
<br /> or Beneficiary is intcndcd to bc cxclusivc of any o`�cn hcreundcrcor�nou•or Itcrcailer c�st n�t la or�equ h orlb}'st�amte�Evcn
<br /> and sliall bc in addition to cvcry�othcr rcmcd>'g ,
<br /> g
<br />— . power or remedy gi�'en by any of ihe loan instrumcnts to TrastGC or thc Bcneficiary or tu which c►thcr of them may be othcnvisc
<br /> entided maY b��a����•concurrentlu�ue inconsistent rernle�l►es.Notlung hcec n hall be wustnt�xl�s prohib�ng tb.ey9enefic�tary
<br /> Beneficiary,and eithcr of them may p
<br /> from seeking a deficiency judgment ap�inst Ttustors to tlie extent such action is perniined by la��•.
<br /> � 14. Trustors hercby requCSt a copy of any notiee of dcfault and that an}� noticc of salc hcrcunder bc mailed to Trustors at tiic
<br /> _, address set fortli in thc first paragr�Ph of this ticed nf Trust.
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