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RES 2024040
City of Pleasanton
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RES 2024040
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6/18/2024 4:24:22 PM
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6/18/2024 4:22:47 PM
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CITY CLERK
CITY CLERK - TYPE
RESOLUTIONS
DOCUMENT DATE
6/4/2024
DESTRUCT DATE
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16 <br />4860-6036-3710v2 <br />of the rights and remedies described below, and may exercise any one or more or all, of the <br />remedies set forth in any City Document, and any other remedy existing at law or in equity or by <br />statute. All of Beneficiary’s rights and remedies shall be cumulative, and the exercise of any one <br />or more of them shall not constitute an election of remedies. Beneficiary shall be entitled to <br />collect all expenses incurred in pursuing the remedies provided hereunder, including without <br />limitation reasonable attorneys’ fees and costs. <br />a. Acceleration. Beneficiary may declare any or all of the Secured <br />Obligations, including without limitation all sums payable under the Note and this Deed of Trust, <br />to be due and payable immediately. <br />b. Receiver. Beneficiary may apply to any court of competent jurisdiction <br />for, and obtain appointment of, a receiver for the Property. <br />c. Entry. Beneficiary, in person, by agent or by court-appointed receiver, <br />may enter, take possession of, manage and operate all or any part of the Property, and may also <br />do any and all other things in connection with those actions that Beneficiary may in its sole <br />discretion consider necessary and appropriate to protect the security of this Deed of Trust. Such <br />other things may include: taking and possessing copies of all of Trustor’s or the then owner's <br />books and records concerning the Property; entering into, enforcing, modifying, or canceling <br />Leases on such terms and conditions as Beneficiary may consider proper; obtaining and evicting <br />tenants; fixing or modifying Rents; collecting and receiving any payment of money owing to <br />Trustor; completing any unfinished construction; and/or contracting for and making repairs and <br />alterations. If Beneficiary so requests, Trustor shall assemble all of the Property that has been <br />removed from the Land and make all of it available to Beneficiary at the site of the Land. Trustor <br />hereby irrevocably constitutes and appoints Beneficiary as Trustor's attorney-in-fact to perform <br />such acts and execute such documents as Beneficiary in its sole discretion may consider to be <br />appropriate in connection with taking these measures, including endorsement of Trustor's name <br />on any instruments. <br /> d. UCC Remedies. Beneficiary may exercise any or all of the remedies <br />granted to a secured party under the UCC. <br /> e. Judicial Action. Beneficiary may bring an action in any court of <br />competent jurisdiction to foreclose this Deed of Trust in the manner provided by law for <br />foreclosure of mortgages on real property and/or to obtain specific enforcement of any of the <br />covenants or agreements of this Deed of Trust. <br /> f. Power of Sale. Under the power of sale hereby granted, Beneficiary shall <br />have the discretionary right to cause some or all of the Property, including any Property which <br />constitutes personal property, to be sold or otherwise disposed of in any combination and in any <br />manner permitted by applicable law. <br /> 8.3 Power of Sale. If Beneficiary elects to invoke the power of sale hereby granted, <br />Beneficiary shall execute or cause the Trustee to execute a written notice of such default and of <br />its election to cause the Property to be sold to satisfy the obligations hereof, and shall cause such
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