GRANTOR DOES HEREBY RATIFY AND CONFIRM ANY AND ALL ACTS THAT TRUSTEE MAY
LAWFULLY DO IN THE PREMISES BY VIRTUE HEREOF.
BENEFICIARY'S JUDICIAL REMEDIES. BENEFICIARY, OR TRUSTEE, UPON WRITTEN REQUEST
OF BENEFICIARY, MAY PROCEED BY SUIT OR SUITS, AT LAW OR IN EQUITY, TO ENFORCE
THE PAYMENT OF THE INDEBTEDNESS AND THE PERFORMANCE AND DISCHARGE OF THE
OBLIGATIONS IN ACCORDANCE WITH THE TERMS HEREOF, OF THE NOTE, AND THE OTHER LOAN
DOCUMENTS, TO FORECLOSE THE LIENS AND SECURITY INTERESTS OF THIS DEED OF TRUST
AS AGAINST ALL OR ANY PART OF THE MORTGAGED PROPERTY, AND TO HAVE ALL OR ANY
PART OF THE MORTGAGED PROPERTY SOLD UNDER THE JUDGMENT OR DECREE OF A COURT OF
COMPETENT JURISDICTION. THIS REMEDY SHALL BE CUMULATIVE OF ANY OTHER NONJUDICIAL
REMEDIES AVAILABLE TO BENEFICIARY WITH RESPECT TO THE LOAN DOCUMENTS. PROCEEDING
WITH A REQUEST OR RECEIVING A JUDGMENT FOR LEGAL RELIEF SHALL NOT BE OR BE
DEEMED TO BE AN ELECTION OF REMEDIES OR BAR ANY AVAILABLE NONJUDICIAL REMEDY OF
BENEFICIARY.
BENEFICIARY'S RIGHT TO APPOINTMENT OF RECEIVER. BENEFICIARY, AS A MATTER OF
RIGHT AND WITHOUT REGARD TO THE SUFFICIENCY OF THE SECURITY FOR REPAYMENT OF THE
INDEBTEDNESS AND PERFORMANCE AND DISCHARGE OF THE OBLIGATIONS, WITHOUT NOTICE TO
GRANTOR AND WITHOUT ANY SHOWING OF INSOLVENCY, FRAUD, OR MISMANAGEMENT ON THE
PART OF GRANTOR, AND WITHOUT THE NECESSITY OF FILING ANY JUDICIAL OR OTHER
PROCEEDING OTHER THAN THE PROCEEDING FOR APPOINTMENT OF A RECEIVER, SHALL BE
ENTITLED TO THE APPOINTMENT OF A RECEIVER OR RECEIVERS OF THE MORTGAGED PROPERTY
OR ANY PART THEREOF, AND GRANTOR HEREBY IRREVOCABLY CONSENTS TO THE APPOINTMENT
OF A RECEIVER OR RECEIVERS. ANY RECEIVER APPOINTED PURSUANT TO THE PROVISIONS OF
THIS SUBSECTION SHALL HAVE THE USUAL POWERS AND DUTIES OF RECEIVERS IN SUCH
MATTERS.
Deed of Trust - Page 18
OTHER RIGHTS. BENEFICIARY MAY (I) APPLY THE RESERVE FOR IMPOSITIONS AND
INSURANCE PREMIUMS, IF ANY, REQUIRED BY THE PROVISIONS OF THIS DEED OF TRUST,
TOWARD PAYMENT OF THE INDEBTEDNESS, AND (II) EXERCISE ANY AND ALL OTHER RIGHTS
AND REMEDIES WHICH BENEFICIARY MAY HAVE AT LAW OR IN EQUITY, OR BY VIRTUE OF ANY
LOAN DOCUMENT OR UNDER THE CODE, OR OTHERWISE.
BENEFICIARY AS PURCHASER. BENEFICIARY MAY BE THE PURCHASER OF THE MORTGAGED
PROPERTY OR ANY PART THEREOF, AT ANY SALE THEREOF, WHETHER SUCH SALE BE UNDER
THE POWER OF SALE HEREIN VESTED IN TRUSTEE OR UPON ANY OTHER FORECLOSURE OF THE
LIENS AND SECURITY INTERESTS HEREOF, OR OTHERWISE, AND BENEFICIARY SHALL, UPON
ANY SUCH PURCHASE, ACQUIRE GOOD TITLE TO THE MORTGAGED PROPERTY SO PURCHASED,
FREE OF THE LIENS AND SECURITY INTERESTS HEREOF, UNLESS THE SALE WAS MADE
SUBJECT TO AN UNMATURED PORTION OF THE INDEBTEDNESS. BENEFICIARY, AS PURCHASER,
SHALL BE TREATED IN THE SAME MANNER AS ANY THIRD PARTY PURCHASER AND THE
PROCEEDS OF BENEFICIARY'S PURCHASE SHALL BE APPLIED IN ACCORDANCE WITH
SECTION 7.4 OF THIS DEED OF TRUST.
OTHER RIGHTS OF BENEFICIARY. SHOULD ANY PART OF THE MORTGAGED PROPERTY COME INTO
THE POSSESSION OF BENEFICIARY, WHETHER BEFORE OR AFTER AN