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<br /> . � , - � • � 98- ����'� `°� , `�,::
<br /> ., i • rcent of the Maximum Credit l.ine.Plns mterest thereoa and anY `L '<. . - ' .�•
<br /> : . �._'F i sbaU nat exceed one hundted 5RY Pe ��o r i n s a r a n o e on tLe I�r o p ertl+and interest tm ` , � .
<br /> -- .1 disbursements made for paYment o f t a x e s.s p e c i a l ,
<br /> 4 '
<br /> . '_ _ . _.-:-__� sach disbu4semet�ts(alI such iadebtedness being hereinaftsr referred to as the��y�m�t� _ '
<br /> herehy°). 'i'his Deed of Tnut shall be valld aad have priority aver all subsequent � w�«
<br /> tiens,excepdng solely taxes and assessments levied on the PropertY.w the exteat of the
<br /> . mcIuding statutozy ` �:
<br /> .. �mmn amount se�ured hereby. r at its may terminate the ava�ab�7ity of loans ` :
<br /> -` � • �. :, 17. (a) Tem�mion m�d Acceleration. I.ende aF� '� :� .
<br /> !�:i " . '� <,� declare all amoimts owed by Sorrower to l.ender under the A�ment to be�m�Y . �.
<br /> �nder the Agrcemen�. ,� ��. '=
<br /> - `. dme and paya b le,a n d e n f o r c e i t s r i g t u s�mder this Deed of Tnut if(a)Borrooi+er fa�s w make aay PaYment d� ::`-�:.
<br /> � � under the Agreement secured by�this DeEd of Trast,N)Borrower acts or fa�s to ast in a way t h a t a d v erse l y ",,,_�__
<br /> • . � . affects a�►Y of the I,ender's security for the indebtedness secured bg tbis Deed of Trast, or anl+dgkt of the . .�-.
<br /> • : � _ Lender in the Properry or o t h sr s e c v r i t y for the indebtedness s� bN tfis Deed of Trnst, or fc) a�Y • _- -
<br /> � applicatiun.signat�re+in��on or statement fumished bY Borrawer to the l.ender or to others in conmection __
<br /> . . . . with the oransactions coatemplated by the Agreement is fotmd to be materiallY fatse. 'ifte I.endes's secutitY shatl • .. .
<br />-'_� � ,, ti be presumed to be adversely affecxed if(a) all or any Part of the Property or an interest t�rein is sold. :.
<br /> ;s' . . or cunv e Yed b Y Bom�wer without Lender's prior wrmen conse�. exctad�S t�
<br /> uansferred, encnm�• _
<br /> rance subordiaate to this Deed of Tmst. N) Bonower fa�s to camply with anY . . �°
<br />- - . � creauon of a lien or encumb to enforce ur foreclose __. ..--
<br /> . . covenant or ag�eeinent in this D e e d o f T n�s t or the A g�e e�eat.If is beoomes necessa�Y `':-�,
<br /> this Deed of Tmst including bY l��P��g•Leader shall be entided w colte�t a11 expenses of•colIecHon, ;;;
<br /> and foreclos�ue. iacluding but not limited to reasonable attorneys' fees, cuurt costs and costs of
<br /> ' . enforcement .. � '=�:
<br /> d�wmentary evidence abstracts and title reports. ��'.���.Y
<br /> '_ .. G. " ..� ..: ...,iri"'�s��
<br /> ' _ • (b)Power af Sale. If Lender invokes the power of sale. Lender shail execute or cause Trustee w '• j.�:
<br /> � execute a written nodce o f the occurrence of an evem of default and of Lender's election w cause the ProP�Y� ::;�:�
<br /> '"�:=_�-�
<br /> - � be sold. Tmstee shall caase this notice w be recorded in each cutm►Y in wlrich anY Part of tl�e Ptoperry I s :,-.�-.y
<br /> ' tacated. Lender ar Trustee shall mail copies of the notice as prescn'bed by applisahle law to Borrower and to the , :���;
<br /> . " . `' other gersons presct�ed by aPP2icabte law. Trastee shall$ive public notice qf sa2e w the persons ia the manuer __
<br /> , ..,;` v . ��-
<br /> ;�� rescrlbed by applicabte law. After the time required bY aPPUcable law,Tn�stee,withoat demand on Borrower. ._..�.
<br /> � p uc aucdon to the highest bidder at the time and place aad under the terms designated • ����»`
<br /> -� � sha11 sell the Property at P�� sale of , ::��'`'
<br /> ,. . . . in the notice of sale ia one or more parcels aad in auy order Trustee determines. Tmst�ousl pscheduled sale. �.� � =--
<br /> .;'`- .. .� all or aay pazcel of the Praperty bY Pnblic announcement at the time and place of aaY P Y - � :_.;
<br /> ` � " I.ender or its designee may purchase the Properry at aay sale. _ '„-_�
<br /> :,'.'��
<br /> ,,.��_
<br /> � ' Tmstee sbail deliver w the purchase Trustee's deed conveying the Property wiihnut anY co�enan�or • +�� �..�
<br /> � '.. warranty,expressed or implied. The recitals In the Trustee's deed shaU be prima fac�e evidence of the mrth of . —
<br /> . � the statements made therein. Tnutee shall apP1Y the Proce�ds of the sale in the following arder. (a)to all _°
<br /> . � expenses of the sale.including,but not limited to,r �easanab t Th t�s��d�oas legally nti ed w it�:(b) ;�•"`�_
<br /> '�:' � ' w a U sums s e a u e d b y t h l s Deed of Trust.and(c)�►Y Pe . ..; ,�.'
<br /> •`;.' ' , 18. Assignment of Rents:Appointmera of Recetve�;Lerr�der in Possesslon. As addidonal securlty ..
<br />_: • : hereunder.Boaower hereby a�sigas to Lender the rents of the Property.Provlded that Barrower shall.Prlor ta - - ' ,•:-
<br /> . � ' acceleration uader paragcaph 17 hereof or abandonment of the prapertY,liave the right to collect and retaia such
<br /> �-_�.--
<br /> • • � rents as they become due and payable. � �����
<br /> . , • � Upon acceleration under paragraph 17 hereof or abandonment of the Property,and at any time�alr�'y : . ;
<br /> �' ' the expiration of any pe�tod of redemption following judicial sale,I.eader.in person,by agent or by j
<br /> ��� � . ' appointed receiver,shall be entitted to enter upon,take possession of and manage the Property and w collect the
<br /> • . rents of the Property including those past due. All rents coliected by Lender or the r��iv�e�r g�t otl�'ted ot �
<br /> „ co payment of the costs of management of the Property and coliecdon of rents, g. .
<br /> receiver's fees,premiums on receiver's bonds and reasonable attomeys' fees. and then to the sums secured iry '.,.�
<br /> • ,� • I tlils Oeed of Trust. Lender and the receiver shall be liable to account only for those rents actually received. . , ;
<br /> ilnidals: � • .. .
<br /> ,•- � ABNEDT(1/98) 5 , .
<br /> .. , , .
<br /> �� ABNEDT(1/98) 1500020059885 � � �
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