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<br /> 14. UCFAULT.Trustor wUl be 3n�ic?��tt}�IE�Q��Y P.��Y pbligatcd on thr. Secured Debt fails to make payment when due.
<br /> Trustor will be in default if;a btP�Clj.�kGtirs•gndcr the terms af this Security Instrument or any other document
<br /> executeJ for the purpose oP:cc�cra�p�;.Seeunng or guarnntying the Secured Debt. A sood faith belief by Bene�ciary
<br /> -+ thut Bencficiary ut any timc is insccure with respect ta any person or entity obli�uted on the Secured Debt or that the
<br /> ' •'� prospect of�ny payment or the valite of the Property is impatred shall also const�tute an event of default.
<br /> 15. 9�EMEDIES OIV DEFAULT.In som�e instances, federal nnd stnte law will require BencGciary to provide Trustor .
<br /> ,� ` with noticc; of the ri�l�t to eure or ather notices and may establiel� tiinr schedules for foreclosure act�ons. Subject to
<br /> thesc limitations,if any, Beneticiary may uccelerate the Secured Debt and foreclose this Security Instrument in a
<br /> ` manner provided by law if Trustor is�n default.
<br /> '''''y"`*�� At the option of Aeneficiary,all or any part of the agreed fees and charges,accrued interest and principal shall become
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<br /> 9 immediately due and payable,after giving r►otice if requued by law,upon the occurr�nce of a default or anytune therea er.
<br /> In uddition, Bene6ciary shall be entitled to all the remedies provided by law,the terms of the Secured Uebt,this Security
<br /> . . Instnunent and any related documenLS,including without limitation,tha power to sell the Property. -. .;
<br /> If therc is a default, Trustec shall, in addition to any other permitted remedy, at thc rcquest of thc Bcneficiary, �_�
<br /> udvcrtise and seU the Prop�rty ns a w ho le or in sc parate parcels at public auction►o the highest Uidder for casb and �,,�.
<br /> convey absolute title free and clear of all right, titl� and interest of Trustor at such time and place as Trustee �;,.
<br /> � designates. Trustee shall give notice of sale iacluding the time,terms and place of sale and a description of the
<br /> ro ert to be sold as re uired b the a hcable law in effect at tlie time of the propused sale. �`•'�
<br /> . . P P Y a Y PP� �u�;
<br /> �� Upon sale af the property and to the extent not prohibited by Iaw,Trustee sball make and deliver a deed to the Property _ -
<br /> sold which conveys absalute title to the Furchaser,and after first paying all fees, charges and costs,shall pay to 4�
<br /> �� Beneficiary ell moneys advanced for repairs,taxes,insurance,liens, assessn�ents and priur cncumbrances and interest r�
<br /> �• thereon,and the princ�pal and interest on the Secured Debt,paying the surplus,if any,to Trustor. BeneSciary may ��Y
<br /> {: purchase the Property.The recit�ls in any deed of conveyance shall be pnma facie evidence of the facts set forth therein.
<br /> r,•,..�; � All remedies are distinct,cumulative and not exclusive,ane�the Beneficiary is entitled to all remedies provided at law or �::�;
<br /> ;;;`;,;� equity,whether or not expressly set forth.The acceptance by Beneficiary of any sum in payment or partial�aymant on the �
<br /> �f'� Secured Debt after the balance is due or is accelerated or after foreclosure procee dings are 6 1e d s ha ll no t constitute a r-�
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