Deed Of Trust And Assignment Of Rents Form (Page 3 of 4) in pdf

8. Trustee shall be under no obligation to notify any party hereto of any pending sale hereunder

or of action or proceeding of any kind in which Trustor, Beneficiary and/or Trustee shall be

named as defendant, unless brought by Trustee.

9. Acceptance by Beneficiary of any sum in payment of indebtedness secured hereby, after the

date when the same is due, shall not constitute a waiver of the right either to require prompt

payment, when due, of all other sums so secured or to declare default as herein provided for

failure so to pay.

10. Trustee may, at any time, or from time to time, without liability therefore and without notice,

upon written request of Beneficiary and presentation of this Deed of Trust and the note(s)

secured hereby for endorsement, and without affecting the personal liability of any person for

payment of the indebtedness secured hereby or the effect of this Deed of Trust upon the

remainder of said property: reconvey any part of said property; consent in writing to the

making of any map or plat thereof; join in granting any easement thereon; or join in any

extension agreement or any agreement subordinating the lien or charge hereof.

11. After the debt secured by this deed of trust is paid or otherwise satisfied or discharged, and

upon receipt of a properly executed request to reconvey and the Trustee’s fees, the Trustee

shall, within the time provided by law, cause to be recorded a reconveyance of the deed of

trust. If the Beneficiary delivers the original note and deed of trust to the Trustee or the

Trustee has those documents in his possession, the Trustee shall deliver those documents to

the Trustor.

12. As additional security, Trustor hereby gives to and confers upon Beneficiary the right, power and

authority, during the continuance of these Trusts, to collect the rents, issues and profits of said

property, reserving unto Trustor the right, prior to any default by Trustor in payment of any

indebtedness secured hereby or in performance of any agreement hereunder, to collect and

retain such rents, issues and profits as they become due and payable. Upon any such default,

Beneficiary may at any time without notice, either in person, by agent, or by a receiver to be

appointed by a court, and without regard to the adequacy of any security for the indebtedness

hereby secured, enter upon and take possession of said property or any part thereof, in his own

name sue for collection, including reasonable attorney’s fees, upon any indebtedness secured

hereby, and in such order as Beneficiary may determine. The entering upon and taking

possession of said property, the collection of such rents, issues and profits and the application

thereof as aforesaid, shall not cure or waive any default or notice of default hereunder or

invalidate any act done pursuant to such notice.

13. Should default be made by Trustor in payment of any indebtedness secured hereby and/or in

performance of any agreement herein, Beneficiary may declare all sums secured hereby

immediately due and Beneficiary or Trustee may execute and record in the office of the recorder

of the county wherein the trust property, or some part thereof, is situated, a notice of default

and election to sell.

14. After the lapse of such time as may then be required by law following recordation of any such

notice of default and election to sell and notice having been given as then required by law,

Trustee shall sell said property at such time and at such place as stated in the notice of sale

having first given notice of such sale as then required by law. Place of sale shall be at the

courthouse or public location designated for that purpose as required by law. The Trustor,

Pledgor and Mortgagor of the personal property herein pledged and/or mortgaged waives any

Deed of Trust and Assignment of Rents

Page 3 of 4

Deed Of Trust And Assignment Of Rents Form Page 3

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