TAILIEUCHUNG - Gale Encyclopedia Of American Law 3Rd Edition Volume 3 P42

Gale Encyclopedia of American Law Volume 3 P42 fully illuminates today's leading cases, major statutes, legal terms and concepts, notable persons involved with the law, important documents and more. Legal issues are fully discussed in easy-to-understand language, including such high-profile topics as the Americans with Disabilities Act, capital punishment, domestic violence, gay and lesbian rights, physician-assisted suicide and thousands more. | 398 DEED OF TRUST A sample deed of trust continued . ILLUSTRATION BY GGS CREATIVE RESOURCES. REPRODUCED BY PERMISSION OF GALE A PART OF CENGAGE LEARNING. DEED OF TRUST default by trustor in payment of any indebtedness secured by this trust deed or in the performance of any agreement under this trust deed to collect and retain such rents issues and profits as they become due and payable. On any such default beneficiary may at any time without notice either in person by agent or by a court-appointed receiver and without regard to the adequacy of any security for the indebtedness secured by this trust deed enter on and take possession of the premises or any part of them in its own name sue for or otherwise collect such rents issues and profits including those past due and unpaid and apply the same less costs and expenses of operation and collection including reasonable attorney fees on any indebtedness secured by this trust deed and in such order as beneficiary may determine. The entering on and taking possession of the premises the collection of the rents issues and profits and the application thereof as stated above shall not cure or waive any default or notice of default under this trust deed or invalidate any act done pursuant to such notice. 16. DEFAULT BANKRUPTCY On default by trustor in payment of any indebtedness secured by this trust deed or in performance of any agreement herein contained or if trustor is adjudicated bankrupt or made defendant in a bankruptcy or receivership proceeding all sums secured by this trust deed shall at beneficiary s option immediately become due and payable. In the event of default beneficiary shall execute or cause trustee to execute a written notice of such default and of beneficiary s election to cause the above-described property to be sold to satisfy the obligation hereof and shall cause such notice to be recorded as then required by law. On notice of sale as then required by law and elapse of the then-required time

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