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<br /> 97� �U�3�2
<br /> � , eec��ri�:y for the performance of the indebtednesa and obligatione r�ecured
<br /> hereby, all prepa�d ren�e and all moneye which may have been or may heteaftar
<br /> z be depnaited with Truetor by any l�sAee of the Property, to aecure the
<br /> payment of any rent ar damagea, and upon default in the perfoXmance of any of
<br /> the provzaione liereof, Trus�or agreea �o delive.r r��ah rente and deposita to
<br /> . � r.,� Banefici�ry. Delivery of written notice of 8eneficiary's exerciae of the
<br /> �_ r i g h t a granted b y thie paragraph THIRD to any tenant occupying the Pxoperty
<br /> ,;,i;,,R� or any portion thereof ehall be eufficient to requ ire sa i d te n a n t t o �a y e a i d .
<br /> �,,.H.w�� rent to Beneficiary until further notice.
<br /> " FoURT . If there ehall be filed by or against the Trustor any petition _
<br /> ' ' or proceeding seeking any arrangement or compoeition or exteneion of any __
<br /> othex relief under or purauant to the Federal Bankruptcy Code or any other _
<br /> .� aimilar statute as is now or hereafter in effect, or if the Trustor shall be ��-
<br /> �' adj udicated bankrupt or ineolvent or any af Truetor' s� property eha 11 have
<br /> �, been eequeatered and such decree ahall have continued undiacharged and
<br /> � �: unatayed for 90 daya after the entry thereof, then the whole of the 1�Tote and
<br /> indebtedneae hereby secured shall, withou�c notice, at the option of the
<br /> :` Beneficiary, become due and payable.
<br /> ��•.r:_� . FIFTH. Upon default by Truetor in the payment of or performance of the
<br /> � ` terme and conditione of the Note, or any renewals, modifications or
<br /> '•-�-r executiona thereof, the payment of any other indebtednesa secured hereby or
<br /> " � `r' in the performance of any agreement, covenant or warranty herein cantained or
<br /> ' .'"�.; aet forth in any agreement or inatrument executed by Truetor in coranection
<br />�.'•;^�•�� with the indebtedneas hereby aecuxed, Baneficiary rnay declarE a11 aume
<br />'�`"�� oecured hereby immediately due and payable and the eame ehall tYiereupon
<br /> ,-:t.;:.,'���
<br /> become due and payable without presentment, demand, protest or notice of any
<br />°°- �.`':`•4 � kind. Thereatter, Heneficiaty titajT d�1.;.�=r �o `:r,.:srAA � �,-;rrAn c?pclaration
<br /> .'''"'�' of default and demand for sale. Truatee ahall have the power of sale of the
<br /> �� .,;••.. :
<br /> '� •���-`�• prape�ty and i£ neneficiary decides the Property ie to be sold, it aha11
<br />:_�.�.�Y��;
<br /> ;:Y� r._. : depoeit with Truatee this De�d of Trust and the Note or notes and any ot er
<br /> documente evidencing expenditurea aecured hereby, and shall del iver to
<br /> '`�`��� Truet�e a written notice of default and election to cause the Property to be
<br /> �"�'� sold, and Trustee, in turn, ehall prepare a similar notice in the form
<br /> ��=�� xequired by law, which shall be duly filed for record by Trus�ee.
<br />���s
<br />-=,o..;,���
<br /> �-<<-� (a) After the lapse o� auch time ae may be required by law follow ng
<br /> -==— the recordation of Notice of Default, and notice of Default and Notice
<br /> — of Sale having been given as required by law, Trustee, without demand on
<br />-- ---- Trustor, ahall aell the Property hereinbefore described, and any and
<br />----��� every pa.rt thereof, in separate parcels or en masea aa the Trustee may __
<br /> --�-T�� elect and in such order as Trustee may determine on the date and at the
<br /> - time and place denign.ated in eaid Notice of Sale, at public auction to
<br />_.�_..._— _= the high�st bidder, the purchase price payable in cash in lawful money
<br /> _-_`__= of tha United Statss at the time of sale. The �erso:� conc3ucting the -
<br /> sale may, for any cause he or ehe deems expedient , postpone the aale
<br /> - fr4m time to time until it shall be completed and, in every such case,
<br /> notiae of poatponement shall be given by public declaration thereof by
<br />_ - -- auch peraon at the time and place last appointed for the sale; provided,
<br /> - if the sale ta poatponed for longer than one (1) day k�eyond tYae day
<br /> �����r=- _= designatsd in the Notice of Sale, notice thereof shall be givPn in the
<br /> - _:�� same manner ae the original Notic� of sale. Truetee shall execute and
<br /> .--._--.-�F1�7a77:�
<br />- --- - deliver to the purchaser its Deed conveying the property so sold, ut P
<br />;.w=:�` without any covenant or warranty, exprees or implied. The recitals in __
<br /> -'�,_:�.. •..� the Deed o� any matters or facts shall be conclusive prbo� of the _
<br /> WR-���`��-'-� truthfulnesa thereof. Any person, including without limitation,
<br /> -``�"��s� Beneficiary or Truatee may purchase at the eale. Said sale shall be -
<br /> _ .:i�2;�:��1
<br /> --��--ur.s��a conducted at the real estate forming a part of the Property or at the
<br /> -=���� caurt houae in the county in which the Property to be sold, or aome part
<br /> �`�""��?=`''. thereof, ie situated. `
<br /> -- i^
<br /> -,."`�'. _��.. e..�„*- tn f-ha nnmPra herein. Trustee 81'lall -
<br /> ....■rr.-�. .` ` �A) innen 1tilCfbcc `oc.�a.o t.:::....,....... �- -'-- c- - - �
<br /> :�;,.;�yw�� apply th� proceede of the sale to payment of the coets and expenses o£
<br /> "•�'�'"'" ` " exprcieing ehe power of eale and of the sale, including, withvut
<br /> ,..,�..
<br /> - � �j� limitation, the payment of Trustee's fees incurred, which Truetee' s fees _
<br /> . �� shall not in the aggregate exceed the sum of Five Hundred and no/100th _
<br /> � � Dollare ($500 .00) plus 1/2 of 1� of the amount secured hereby ancl
<br /> ' "- - r�maining unpaid and then �o the i�er�ie aet fo;.th in subp��'aqraph (c? o£ =
<br /> • , � this paragraph FIFTH in the order therein stated.
<br /> . , (c) After paying the iteme �pecified in eubparagraph (b) of this
<br /> + . ..:
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