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<br /> , � (d) a wrii of executlon ar attachmeM ot any sim7ar pracegs shatl be e►rtered against Trustor wh€�h shall , �� ��
<br /> _ ,. . become a i[en an the Ttist Estate ar any pordon thereot or imerest ther�in artd such execution,attachmertt or s[mAar . . `
<br /> � � prc�cess of judgmer�t is not released,bonded,satisfied,vacated or stayed within sixty(60)days aRer its�ntry or devy: �. 4 -,
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<br /> � � (e) there has oxurred a breach of or defa�t under any term,covenant,agreemerrt,conditlon,provisinn, �"'_
<br />-_= ,._� -. _ _ . _' '' .
<br />- . representation or warranty contalrted in any prtor d�ed of trust or mortgage affecting the Truse Estate. --- . ' -
<br /> �- , : ` . '
<br /> _ ' ' 10. ACCELERATIOHS UPON DEFAULT;ADDRtONAL REMEDIES. If an evertt of defautt occurs,Beneftciary may �
<br /> - � , dedare tfie lndebiedness secu�ed hereby to be due and payabie and ihe same shail thereupon 6ecome due and payable -� . ..
<br /> �� • wtihoui a�ry presernmem,demand,protes2 or natice o�f any kfnd. Thereafter,BeneHdary may. ' �:1
<br />. b.r �. ' -.,'`v. ,r f.
<br /> '�' � (Q eitfier fn person or by agent, �h or wiihout bringing any actton or proceeding, or 6y a ret�tver <_ . � --_
<br /> ;}� . appoir�ted by a court and without regaed to the adequacy of its security,enter upon and take possesslon af the Trust . . c�:s;
<br /> ;! , Estate,or any part tftereof,in its own name or in the name of Trustee,and do any acts whtch it deems rtecessary or
<br /> `' desirabfe to presenre the value, mazketabpity or rentabDity of the Trust Esta4e, or part thereof or irrterest therein, `
<br /> �"� � increase the incom�therefrom or protect the security heteof and.vrith or withoui takirtg possession of ihe Trust .� .�,�V�'.,
<br /> ��� � Estate, sue tor or othetuvise coltect the rerrts, issues and pro�is t�sreaf,iaduding those past due and unpaid,and � � � .
<br /> ,�f �� .. � •
<br /> apply the same, tess costs and expenses of operation and collecUo� irtduding attomey's tees, upon aTry ."`,;',,
<br /> �� �.j �ndebtedness secured herehy. aii in such order as Beneffciary may detertnina Yhe entering upon and taking € .;,°,�:'.�.�.;-.._:
<br /> �� i posse.gston af the Trust Estate, the cottectfon of such rerns, issues and proflts and the appilcation thereof as ���`""`� - ,
<br /> '�` .` ...T�f��
<br /> aforesaid shall not cure or waive a�l defauft or no�ce of defautt hereunder cr irnalidate any act done in response to .,�..�;E
<br /> ;,� � � - � such default or pursuarK to sach noiice of defauit and.noiwiihstandtng the conitnuance 9n possesston of the Trust -." �T`=�`
<br /> � � Estate or the coliection,recetpt and application of renis,issues or profds,Trustee or Benefictary shall be ertttUed to �s<. ~``_r�;";-:::
<br /> �# � exerclse every rigM pravided for in arry af the Loan lnstrumerits or by law upon occurrence of any event of defauit, � ��+'�' �
<br /> ' . � inctudirtg the dgM to exercise the power af sale; , � �>��-`
<br />—'- . . . � (i� commence an action to foreclose this Oeed of Tn�st as a mortgage.appoini a receiver or spectRcally _. -
<br /> . . , eMorce any of the convertarrts hereofi N�.Y.::� �-
<br /> .'A! � � (ii� deiiver to Trustee a written dedaratfon of defauR and demand for sale and a written notice af defauli ' ,,`�-•"�-
<br /> �� • � ' and eisction to cause Trustor's irrterest in the Tntst Es4te to be sotd,which nottce Trustee sha11 cause to be dtdy tUed _
<br /> .f; �, .�.+� for record in the appropdate oftices of the County in which the Trust Estate is located;or .. � � ;;r,.
<br /> �` exerctse surfi ather rt hts or remedies at taw or in u � •`,`�"y"-
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<br /> � _ • 11. FORECLOSURE BY POUYER OF SALE If Beneflciary elects to forectose by exerclse af the Power of Sale , ' !-'��r�
<br /> � ' herein corRained. Beneflciary shall noti(y Tntstee and shalt deposit wfih Trustee the Second Deed of Trust and any note - ". ' ��=�:'__
<br /> �' . � evidencing the lndebtedness and such receipts and evldence of expenditures made and secured hereby as Tn�stee may , ----=
<br /> ; �:� i- require. ...�-,;`
<br /> ' ;� (a) Upon recetpt of such notice irom Beneflciary,Trustee shall cause to be recorded, pubiished and : ��� �� �„w
<br /> delhrered to Trustor such Notice of Deiautt and Noitce of Sale as then required by law and by this Second Qeed of . . ..' ":
<br /> ; . � � TrusK. Trustee sfiall without demand on Trustor,aiter such tlme as may then be required by taw and after recwrdailon � ' � }-
<br /> .,rT •� � oi such Notice of Default and after Notice of 3ale having been giver�as requlred by law,sell the Tnist Estate at the _,. _--_ `�y
<br /> , �:. � t ime an d p l a c e o f s a t e fl x e d b y n in such NoU ce of Sale,either as a whole,or in se parate lots or p arcels or items as .����:
<br /> .i Trustee sha11 deem expedient,and in such order as it may determine,at public auctian to the highest biddet fos cash � _;;��,.
<br /> � :,1 in lawfut money ot the United States payable at the time of sate. Trustee shatl deiiver to such purchaser or
<br /> , �_ purchasers theteof its good and suffictertt deed or deeds canveying the property so sold,but without eny eovenant . .
<br /> ����� � .:�. or warranty expressed or impfied. The recitals in such deed of any matters or iacts shall be cortclustve proof of the " �. .
<br /> . i truthtuiness thereof. Any person, inGuding without limitation Trustor,Trustee or Beneflclary,may purchase at such �
<br /> sale. �
<br /> (b) As may be permitted by law,after deductlrtg all costs,fees and expenses of Tn�stee and of this Trust, ' �
<br /> - , including costs of evldence of title in connection with sate,Trustee shatl apply the proceeds of saie to payment ot p)
<br /> � � � �' , the Indebtedness(ii) all other sums then secured hereby,and (ii�the remainder, lf any,to the person or persons � �
<br /> . legally entiUed thereto. � . � .
<br /> � (c) Trustee may in the manner provided by law postpone sale of ali or any poRion of the Trust Estate. � . � :
<br /> �
<br /> '.'�' . � 12. REMEDIES NOT EXCLUSIVE. Trustee and 8eneflciary. and each of them, shali be eniitted to enforce : � ,..
<br /> � payment and performance of any indebtedness or obligations secured hereby and to exercise ati rtghts and powe►s under
<br /> � this Second Oeed of Trust or under any Loan Instrument or other agreement or any taws now or hereafter in force; , � , ,
<br /> . . � notwithstanding,some or ali of the such indebtedness and obiigattons securerl hereby may now or hereafter be othetwise .
<br /> secured,whether by mortgage,deed o!trust,pledge.Uen,assignment or otherwlse. Neither the acceptartce of thia Second
<br /> Deed of Trust noi its oniorcement, whether by couR action or pursuant to the power ot sale or oiher powers herein ` �
<br /> � � aontained, shall preJudiCe or in any manner aHect Trustee's or Beneficiary's dght to realize upon or enforce any other �
<br /> • security now or hereafter held by Trustee or Beneficiary, it being agreed that Trustee and Beneficiary, and each ot them, . .
<br /> � shall be ernitted to enforce this Second Qeed of Trust and any other security now or hereafter held by Benettciary . � �
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