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<br /> . � and authoritp dminS the wntinuance of this Deed Qf Tmst to ooliect the re�s. • , • '� �
<br /> � ' ' � � 7. The Beaefcciary sha11 hatie the right.P�'� lacated thereoa with or without taking Po�on of the pmRe�tY , r "
<br /> � , ci ��p�� .� .
<br /> `< jssues and pmfits of the pmperty and of anY Pe �such zents.issues and pIOfits to the beueficiary- The ...�,
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<br /> �� aff�hcaeby and Tnuwrs herebY abSOhrtelY and�mcanditionally assign �
<br /> . 6eneficiary•hone��er.he�s3���to Tnssto�ooltection and ceteution of snch rents.�iss�s����rmance of any agce�� , . �r
<br /> � • • ,` � nat at s u c h rime.in d e f a u t e aith r e s Pect ta payment of any imdebtedness secu�ed�3'• . _
<br /> . • her�nder. If aaY e�eni of deF�ult descrt�bed hereafter in respect to this Dead of Ttust s h a ll h a�e o o c u n e d a n d be wntinuin g.the ` ;,<<
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<br /> . , . Beneficiary•as a matter of nght and�vithout notice to Tzustors or anyone claiminS under Tn�stors,and witho��II��int a . ,
<br /> cia �'C.� .� .i'
<br /> the uust es[ate or the interest of the Tcusto�s therein. s�aU have the right to apply ta anY oourt BavinS 1 , .
<br /> . - �er of the pmperty- n ar in any part of the pmperty for the . t`
<br /> ._ _- . ..- 8. 't'he Benefiriary-or iss agcats, are authorized w enter at an3'�asonable time upo L,� ,�
<br /> the same and for ths puipose of perfom�inS anY of the acts the�'arz au�or'rzed to pecform nnder the tereas of ��; :. ;
<br /> . • � purpose of inspecting � '•` ..�
<br /> �'' • ' auy loan i�trumeats eacecated by Tmsto�s. without the wriuen , . : �:�,.
<br /> ` 9. If all or any part of the pmperty or any interest of Tn�stors is sold.uansfe�sed or fwther enca�mbeied b2e and
<br /> declare all sums�bY tt�is Tmst Deed to be immediately dne and paya :`:s. '=
<br /> , . consent of the Beneficiary•the Beneficiat9 maY . . ' .� y f. .
<br /> ci
<br />. pmceed to the rem e d ies a v a i l a b l e t o i t u n d e r t h e d e f a u l t Pra��isions oontained herein. . ... , -_ „
<br /> .;.�•y
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<br />= � � l o. A u y o f t h e foll a w i n g events s&a116e deemed��nt��t o f p r i n a p a l o r i n t e r e s t o r an y o W e r sums secv�d he�bY a'h�° . . - --�'-
<br /> < , a Tmstors shaU have fa�ed to make paYme�►t '...���.:.
<br /> ' � . due; meni, condition. Pmvision, reP�se��On ar ke�- ,
<br /> b. There has ooaured a bieach of or default wkier anY te�. cavenant. ag�ee =-
<br /> � . - �nty contained in this ileed of Tnut.ihe note or any other 1��ins�t sec,vred�h enaunbrance in respect to all or any '. s.
<br />� � c_ There has been a default bY the Tmstors in the paYment of anY P � .:
<br /> . . , . part of the P�P�Y or shall be adjndicated bank�uPt or iasoivent, ar shall makc an .:_
<br /> ' d. Ttustois st�all 51e a voh�arY Petiuon in bankmPt�7' : ,':`,t:.-=---
<br /> ` : :. assigmne�nt for the 6enefit o f c r e d i t nis in r e s p e c c t o the P r o P e n Y or an action to enforce anY lien or encambzance or jndgmcnts `, _,_ . --
<br /> ,... .,---�
<br /> . . , ` '-� against the pmperty is commenced. to be due a i s d p a y a b �+.'` _
<br /> declare al!indebtednes sec��ned heretry le and the sawe ..;.,�._:,-
<br />� • <��:;. 11. In the eveat of ai►Y default,the Beneficiary�ntmenl,demand,Piotest or notice of auy kind. Thereafter.We Benef ciary ..: �
<br /> ' . shall thereupoa become due and payable without auY P .f,„�_
<br /> ' �,j r �1 ���.,y �..
<br /> � . �Y= action or mc�edinS.or iry receiver appo�nted bY a c�nrt and ,
<br /> . ; "f a either in person or by agent, witb or without bringing agY p oj art iherea�in its own
<br /> without rcg�sd to the adecluacY af anY secunry•enter upon and take possession of the gmperty. �Y P 'u; .,n�C �'`
<br /> �'•�} name or in the name of the Tnistee, and do anY acts which it d$ems n�ssarY and desirable to pteserve the value, . . _�-
<br /> F inarketability or ten t a b i l i t y o f i h e p m p e r t y,o r g a r t thereo�or uuerzst t�hereia,increase the inoomQ d�erefmm ar procect the `�.y.-�--
<br />,` . ossession ai the PmPertS',sae for or athernise colle�t the renss.issnes a n d p�f i t s t h e c�a� .s.`�;_,_,
<br /> � . ; securitY hcr�and,witho�taking P �he same, less oosts and expens�of operarion and collectian, including . :�
<br /> ' includinS those past dae and unpaid,and aPPZY 'Phe entering ugon ".``�' ---
<br /> . �.• , attomeY f�s.�Pan�Y indebtedness secured hereby.all in such order as the Benefraar9 maF�• -
<br />.�i • � , . �'. �� and taldng Foss�sion of the uust estate.the oollection of such rents�issaes and profits and a��ion the such default or .~.,'�—�r,;
<br /> . . .�f.
<br /> shall nat aue or waive aay default or no6ce of def�herennder�or��mvalidat�e airyo the propertY or the oollection.recei�t ��:�.
<br /> �� � ' � pursuant to such notice of defauit and notwitl�standing mvided for in aaY � . -.,-. v
<br /> be entiUed to exercise every right p '.;�r!!.
<br /> and appliqtion of rents.issues or proSts.Tn�.stee or the Beneficiary maY ."..��_
<br /> � of the loan instrumenis or by law upon occunence of anq event of defa�slt,uecluding the right to eacereise theenforoe anY of the ._-,r,-
<br /> b. commence an action to foreclose this Deed of Tnist as a mort�$� �,vPoim a reoeiver.or specifica1tY � � '-:5f-� .
<br />. cavenants hereof
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<br /> - _ , :_. -- c. deliver to Tnutee a written deciaratian af defac�t and deman cefshatl cavse to bettedalY filed�ordreoorA�elaffficial reoords �... .��-
<br /> , . . Tmstor�interest ic►t h�pr o P e n Y t o b e s o l d w h i c h n o t i c e T n u t ,. � :�=;
<br /> •'�' ' of the county in�viuch the prnperty is tocated. : ;:-`'
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<br />. +� � . ; lZ. Shaald the Benefiaary elect to fareclose�execc�the noteeand such recee iPts and evid�ence of ex�cndttoressmade and� . '
<br /> ' • r and shall deposit with Tmstee th�s Dced of T ��.����p�e to be reco�ed.published and delroered ••
<br /> ,,�<.,
<br /> ' , � Aereby as Tn�stee may re9uire.and upon request of the Beneficiary. . •. -
<br /> ' { to Tnutor such Notice of Default and Notice of Sale as t1►en requi*ed�5'�R`and d3'�Deed of Tn�st.Tiustee si�aU without demand
<br /> +.,' ;
<br /> • . � ; on Tmstor.after such time as may then u����lat the u'me and placeaof sale fixed by it in snch�Notioe of Sale,either as a .
<br /> •�; ha�ng beeA giYen as�quired by law, se P P en� and in such order as it may detcrmiae.at publi� "
<br /> whole.or in separate lots or parcels ar items as Tn�stee s�all deem exP� �Zd,�nsistent '. : .- .
<br /> al
<br /> �.. � � auction to ihe highest bidder for cash and shall detiver to such pwchaser or purcha5ers thereof a deed to the prope►►Y ,:•,. .. .
<br /> -`��.� � ' • with the law then in e ffect. Re�itals in the Tn�stee's deed shall be prima facie evidence of the mnh of ihe statements made therein.
<br /> Tnistec shall apply the proceeds of the sale in the fallo�vi ogso�e. nace,reasos�iabl attlomey fees and costs of u�tle evidencel�o all ..
<br /> not limit c d to Tru s tee's f c e s o f n o t m o r c t h a n 2%o f t h e g� p to the person or persons le g a l ly e a�i d e d t 1►e r e t o. A i►y p e*s o n. ' ' ,
<br /> �' sums sc�vred by this Deed of Trust: and(c)the exccss. if a�Y• one sale of all • . -
<br /> . including ihe Beneficiary.�Y purchase said propeRy at said sale. Tmstee may in the manner provided 1ry�aw•postP
<br /> or any portion of thc property. .
<br /> 13. Trostce and the Beneficiary.and each of them.shall be entitled to enforce payment and performance uf ai►Y indebtedness or 4+
<br /> , , oblig�tion sec�ued hercby and to exercise all righls and powers�ome orsall of he mdebledness and oblt8at�o�m�n�h�y . .. �.
<br /> _ � • . agrecmcnt or any laws nor or hereafter cnforced notwithstanding nt or otherwisc•
<br /> - which may now or hereaftcr be oth�enTi`sUC�secw�e��orcement, vhcil�er by����°p1�Pu�1 t the�os salc or other -
<br /> Neither the acceptance of this Deed
<br /> „ � ' poN�crs herein contained.shal!prejudice or in any manner affect Ttustee's or the Beneficiary's right to rcalize upon or enfotce any
<br /> � . othcr secvrity no�v or hercafter hetd by Tmstec or�and an f ote r securiry noi�v or�hereafter�heid by�1►e Benefieiary or Tn�stee in
<br /> them.shall be entiUcd to enforce this DaA of Tn�st Y
<br /> � � such order and manner as they may in their absolute discretion determine. No remedy herein confened upon or reser�'ed to Ttustee
<br />� '�'� � . � or Bencficia�y�s intcndcd to bc cxclusn-c of afi�o�hcrric�'ercor nmr•or hercaftcr cxisting at lla v o rcqnity�or by'statute. E tery - : .
<br /> i an d s ha ll be m a d d i t ro n t o e��c ry�o t h c r r e m e d y g i�c n
<br /> : prnccr or remcdy givcn bY an)'af the loan�nstrumcnts to Trustee or thc Benefic�ary or to�v h ic h ei t h e r o f t h c m m a y b e o t h c n v i s e
<br /> ''' ' � cntiticd ma}�bc cxcrc�sed.concurrcnti�or�ndependentl}•, from umc to ume and as often as may be dcemed c!cpedient by Tn�stce or
<br /> Beneficiary�.and enher of them may putsue incons�stent remedies. Nothing hercin shall be constnted as prohibiting the Beneftc�ary' `•.
<br /> __ � � from seelcmg a deficiency�udgtnent agams�t�T fls�°=��Orh���t°a���hat an}��notice of sal�eY heteundet be mailed to Trustors at the I
<br /> , li Tn�stors hcrcb}� rcqucst a rnp.' t- ----.
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<br /> � address set fon h�n t h c f i r s t p a r a g r a p h o f t h i s D ce d of Trust • .
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