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<br /> - ebt is not aid ' � - : --.— -•�
<br /> . Z8. Y.ate Favment C�nar�e. If any pomon of the D p , � -
<br /> within fifteen(15)days after the date on wluch it is due, Trustor shall pay to Beneficiary • �. .�
<br /> upon demand an amount egual to tlie lesser of five percent(S%)of such u�aid sum or the .� , � . . ;, ;
<br /> � maximum amount permitted by applicable law in order w defray the expenses incurred by . • . --'-,. �
<br /> .� Beneficiazy in�ndling and processing such delinquent payment and to compensate ., ,f
<br /> � for the loss of the use of such delinquent payment Any such amount shall be . - __�_,
<br />. . Beneficiary . . :-:- . -
<br /> s�by this Deed of Trust and the other I.oan Do�uments. . � .-,;.,• �
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<br /> � 1g. R�1at To�ure Defaults. Upon the occurrence of any Event uf � � ;�:_
<br /> � Default or if Tmstor faiLs to make a�y Leayment or W do any act as herein Pro'nded, • :�
<br /> ` � ��. ..•,...�-f�.�,: °.:
<br /> Beneficiary may,b�t without any obli;ation to do so and withaut notice to or dema��on i �.:,=��9_
<br /> make or do ths same in C � , . . ..�� '"�
<br /> Truseor and without releasing Trustor from any�'�iigation hereunder, _ ,_��.�.�-,s..,.
<br /> . such manner and to such exterrt as Be�eficiary may deem necessagy to proteci the se�urity � _ .. ., � .��'
<br /> F ' ... . r
<br /> hereof. Bene�icnaiy is authorized w enter u on the Tnist Property for such purposes or � . • • - �'_:_�-_-.
<br /> ; p sa�+��;_—.
<br /> ` � y p roiect its interest in the Trust T�. `
<br />\�,.�5 a�raar in, defend, or brin an action or roc,eeding to p ��''.:°+�=�.--
<br /> ' Fr�operty or to foreclose t�his Deed of Trust or colleci the Debt, and the reasonable cost and • , i- ��� °..�-.
<br /> : .','�•..r.._1 ,_,...
<br /> �' expense thereof(including reasonable attorneys' fees and disbursements w the extent . --- . '��..
<br />. .:� �e��i by law), with interest thereon at the Default Rate for the period after notice from , . . .� �. :�� `
<br /> �'�:�:�.
<br /> � Benefiaiary that such cost or expense was incurred to the date of payment w B�neficiary, ; ,: .
<br /> b this Deed of Tmst and the other ��' ��'.. .
<br /> sh�71 eonstitute a portion of the Debt, shall be secured y "'=�
<br /> ,� •-� ;��,.
<br /> j: Lc�an Documents and shall be due and payable to Beneficiary upon dem�d. � ;j
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<br /> �•?; ,ya. gemnnedies. (a) Upon tlie occurrence of any Event of Default,
<br /> `,����:� .�
<br /> . `Ad:�._:
<br /> � ` B�nefieiary or Trustee, as the ease may be,may take such action,withoui notiee or demand, � : i •:�
<br /> a s �e n e fi c i a ry d e e m s a d v i s a ble to protect and enforee Beneficiary's rights against Tmswr _ ��.=: ,
<br /> .. `�;. ci or'�rustee, as the case may be, including, ��::= �� ,-_
<br /> • and ia and w the Trust Property by Benefi ary . . --
<br /> arithout�imitatio�a,the following actions, each of which may be pursaed concurrenfly or ..� ��
<br /> otherwise, at such time and in such order as Beneficiary may determine. in i4s sol� �.i�.. �.�.`� -:� =,F^=,.,,�_.
<br /> - d'nscretion, without impairing or otue�rise affectiag th�other rights aud remesiiss of -.,_
<br /> ,� . Beneficiary: �� µ_�--
<br /> . (i) declare the emire Debi to be immediately due and payable; ,: . n _--�._____=-
<br /> : . -•:;
<br /> .... � ���
<br /> . . (u7 fore�lose this Dee�of Trust in the manner provided by law far .,.� __ :_ -
<br /> t h e foreclosure o�f mortgages on real property without right of �' �� -"'�"
<br /> -��,._
<br /> .. � reinstatement by the mortgagor; ~�,� �=v�..: _
<br /> =Y..
<br /> (�) weth or aithout er�any, to the extent permitted aY�d pursuant w . .��.j�.��,�N.�.:.�:;�
<br /> the procedures pamvided by applicable law, institute praceedings ..,-,-r.-,:::r-.-.-..
<br /> ..:°:�s.n.�-.s..�,. _
<br /> for the partial foreclosure of this Deed of Tn�st for the portion , �
<br /> �- ��z,:r�..�.�t.% ' ..
<br /> of the Debt then due and payable, subject to the continuing lien ,....� ,
<br /> of this Deed of Tn�st for the balance of the Debt not then due; *
<br /> � (iv) execute a written norice of such Event of Default and of the , �� � i
<br /> � election w cause the Tmst Properiy w be sold to satisfy the .
<br /> . iooia�s.ob 15 ,. �.
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