|
_ _ .. ..,; .�>:
<br /> . ,.� . - . � .I ( n .. "' ,_
<br /> . .• ^. _ . :'��Y� - -
<br /> 7'
<br /> , .�r .. " ,� .� ^ �4n .:'.i�J..�. .
<br /> . .. !' _ t . . - .. .. . .. . ' ��. t'.-..'d,-.:�,�!!
<br /> � .. �. . ' � � . . 'i � t, ... :. . .. ' . _'..".-•�i.. .��T.'- —
<br /> . .4 . ... ., . . ..�1� v. _saa
<br /> f s:
<br /> - r' . . .. � �. ;•� „ ,. y . .''' '�"i'1��:�� .,�� if i�; � r:
<br /> , . a. . , . . . . .. . • . . . . .��^••�;
<br /> , 9�� ��i�����
<br /> .�' .. ,...� i
<br /> is autharir.od to por4�rm undertho terms of any of the Loan Instruments.
<br /> -������ 1Q. EV • S A DE� UL . Any of the fnllo�ving events shall be deemed an
<br /> event of daf�ult ro�r�o�inder: . _
<br /> (FS} Tru�tr,r s�tia{! have failed to make payment of any installment of interest, `i.
<br /> principal,or prinr,i���al and interest or any other sum secured hereby wh�n due; or _
<br /> � (b) Thono h�ns occuRed a breach af or default under any term, covenant,
<br /> - �--� ----� agreem�tnt, co�aditfr.�r�, provision. representation or warranty contained in any of the
<br /> � Loan In�tr�arv���at� or in any mo�tgage or security in�trument which is superior to this
<br /> � • Deed of'Tv+a�t up�ara 9:t�e Property. . '-::7':
<br /> , ��'`.=-'-
<br /> . 1•I. P+pnl'T�"JNAL EVEN'�S OF DEFAULT• 7RANSFER QF PROPERTY. (f all . -
<br /> � ar any par� of tho F3roperty or�ny interQSt therein is s�ld or transferred by Trustor's __
<br /> ���r;'':. excluding �a� the creation of a lien or �
<br /> ����,::,�_ without E�c�rnofi�itary'�,pnor written consent, b)the creation of a purchase security
<br /> � �.''°`����°'� encumbr�nce subvrdinatv to this Deed of Trust, ( �- '_`_�
<br /> -�. � � interest fc,r hou�et�r�ld appliances(c) a transf�er by devise, desGent or by operation of ��__.-
<br /> �:� � lativ upon the doati•� of�]oint terrant or (d) the grant of any I�as�hold interest of three -__
<br /> �`'���`'� years or IQ�s not ccmtaining an option to purchase, Seneficia 's may, at B�neficiary's ,�,�"
<br /> ,,,:'�: .�i.
<br /> �'°� � optian, dect�r�e �II tfie sums secured by this Deed of Trust to e immediately due and ,...�,�___:.
<br /> rr �. �°ytab!s. ';
<br /> �r!! ..I_: , A�_ J
<br /> , , .. 12. ACC�L.�RR�'PION UPON DEF�1��T ADDITIONAI.. Ktivi�Gi�S. �n��iu
<br /> 1
<br /> �ti��.;,,. Y �'•--
<br /> _...,,,;... any evont mf d�fr��lr.occur Beneficiary may d��lare aU indebtedness secured hsreb to �.
<br />`�'.,�,.;,� _ ��, be due ancl pny�bh� and the sams shall thereup�n become due and payable without __
<br /> '�`�-L'� °- any presentrc►orot, cl�mand, protest or notice of any kind. Thereafter Beneficia�may:
<br />,<� �,�i�� l..,
<br /> --_-`•�"��' ��� � (17 Eithor iri person or by agent, with or without bringing any action or -
<br /> x..y��.,:; >a.,
<br /> --_,_�-�:;.; .�} praceeding, or by F� receiveP appointed by a court and withaut regard to the adequacy
<br /> -- -,-��;,, of its secunty,orot,�r upon and take po5session of ths Tnast Estate� or any part thereof,
<br /> _-•:Y+•.- � � in its own ns�rvoo ar in the name of Trustee, and de�ny�aa*.s which it deems necessary _
<br /> =-.,,;� :,,
<br /> -.=.�z•.,_�� � or desir�bla to prRServe the value, ma�Cetability or rent�biltty of the Trust Estate, or __
<br /> part th�►r�of or ii���rest therein, increa�e the incom� therefrom or protect the s�curity
<br /> --��. thereof and,�rith pr withaut taking possession of the Trust Estate, sue for or othervui�e �-
<br /> - ^�'�'"���=�� callect the ront�, issues and profits thereof, including those past due and unpaid, an�d �
<br /> � -��"�`°� apply thQ sannr�, less costs and expenses of operation and collection, including
<br /> ---�� attorney�'foes to the extent allowed by law, upon any lndebtedness secured hereby,
<br /> - -�� �;� all in such or�or as Beneficiary may determine. The entering upon and taking
<br /> ��•;�.k.4,
<br /> --_°_�_�„� pmsses:►loro of tt�eu Trust Estate. the collection of such rents, issues and profits and the _ _
<br /> --�--���=� applicati�m tnor�,c�f as aforesaid,shall not cur�or waive any default or notioe of defauit
<br /> ��,:��-�""`� hereund�r or iruvu�lidate any act done in response to swch default or pursuant to such —_-
<br /> -��� notice of dof�r�afl: and, notwithstanding the continuao�c� in possession of tt�e Tn�st =•__
<br /> .���� Estate or the �lt�ction, receipt and applicaZion of rents, issues or profits, Tnistee or �.. -
<br /> .,,L.T�-�:;�� _
<br /> --�°��^�-:-�: Beneficiary sPo�ill be entitled to exercise every right provided for in any of the Loan —.-
<br /> �r�;T�:�,• �.nwo�,ce�s InstrumQnt� or �►y law upon oc�Larrenca of an even4 0� default, including the right to �;___
<br /> '���`-��►:� exercia.e ti��pov��ar of sale; `���'
<br /> • SEILEI.R,PAII�KER "�'.
<br /> �`_
<br /> „ &D10NCRlEE,P.C.
<br /> 726 U�ST SmE BLVD.
<br /> P.O.UOX I89
<br /> H/1STfNGS,NC 6b902
<br /> � � (4021d63-3123 � l-.
<br /> � ' .
<br /> _�''.1..1.
<br /> —.��._'____". '_ � _
<br /> � � � _ _ --- � - -��-- -- --- - . --- - ��ra ---- - � ;,;,
<br /> -�- F,i nl�SVleY�•�SSYf'u�. �Y'�1-J.::. J.)M+�"�'"•'ljtF,:YTAR�"�'�
<br /> '�',�,Y��'a1K��7}:��F'lF7r:,tw`'....:Ai.i���:�il�' t�-. . .,�t ..�........�c...• : .• . .. r .
<br /> , i� .
<br /> . ; ,
<br /> ii .
<br /> . .. 1• I� - ' . . '
<br /> ) '
<br /> ,. �: . ,
<br /> �.,
<br />
|