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.
(F)
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.
(G)
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.
20
7.2
OTHER RIGHTS OF BENEFICIARY. SHOULD ANY PART OF THE MORTGAGED
PROPERTY COME INTO THE POSSESSION OF BENEFICIARY, WHETHER BEFORE OR AFTER AN
EVENT OF DEFAULT, BENEFICIARY MAY (FOR ITSELF OR BY OR THROUGH OTHER PERSONS,
FIRMS, OR ENTITIES) HOLD, LEASE, MANAGE, USE, OR OPERATE THE MORTGAGED PROPERTY
FOR SUCH TIME AND UPON SUCH TERMS AS BENEFICIARY MAY DEEM PRUDENT UNDER THE
CIRCUMSTANCES (MAKING SUCH REPAIRS, ALTERATIONS, ADDITIONS, AND IMPROVEMENTS
THERETO AND TAKING SUCH OTHER ACTION AS BENEFICIARY MAY FROM TIME TO TIME DEEM
NECESSARY OR DESIRABLE) FOR THE PURPOSE OF PRESERVING THE MORTGAGED PROPERTY OR
ITS VALUE, PURSUANT TO THE ORDER OF A COURT OF APPROPRIATE JURISDICTION OR IN
ACCORDANCE WITH ANY OTHER RIGHTS HELD BY BENEFICIARY IN RESPECT OF THE MORTGAGED
PROPERTY. GRANTOR COVENANTS TO PROMPTLY REIMBURSE AND PAY TO BENEFICIARY ON
DEMAND, AT THE PLACE WHERE THE NOTE IS PAYABLE, THE AMOUNT OF ALL REASONABLE
EXPENSES (INCLUDING WITHOUT LIMITATION THE COST OF ANY INSURANCE, IMPOSITIONS,
OR OTHER CHARGES) INCURRED BY BENEFICIARY IN CONNECTION WITH BENEFICIARY'S
CUSTODY, PRESERVATION, USE, OR OPERATION OF THE MORTGAGED PROPERTY, TOGETHER
WITH INTEREST THEREON FROM THE DATE INCURRED BY BENEFICIARY AT THE DEFAULT RATE,
AND ALL SUCH EXPENSES, COSTS, TAXES, INTEREST, AND OTHER CHARGES SHALL BE AND
BECOME A PART OF THE INDEBTEDNESS. IT IS AGREED, HOWEVER, THAT THE