|
~~hich notice Trr~stee ar Beneficiat~y shall ca~~se to be duly filed far recar~d in tl~e Official Records
<br /> of the bounty i~r which the proper*~~ is located; ar
<br /> ~~er'cise all otlrer• rights arrd ~•er~redies provided lrereirr, in tine instrume~~ts
<br /> by ~~lrich the Tr~~stor ac~~~irs title to the property, including any Security, or irr any other
<br /> doctrrrretrt ar areerr~ent noti~ a~i l~er'eafter e~iderrcing, creati~~ ar' sec~zrin all ar~ any portio~a of
<br /> the a~ligatiarrs secured lre~•eby, or pravided by la~~,
<br /> ectiorr„ ~,4 ,~orec~asr~re,,,B~~ Po~~ret~ of male, houid the Beneficiary elect tv far~eciase by
<br /> exercise of flre pa~~er of sale lrerei~r carrtai~red, fire >eneficiar shall Motif Trustee acrd shall de alit
<br /> p
<br /> ~vltl~ Tr~rstee tl~~s Deed of Trust hand the depasit of ~~l~ich shall be deemed to corrstit~~te e~~iderrce
<br /> t}rat the a~rrar~rrt of fire Promissory dote i immediately dr~e acrd payable}, acid s~~cl~ receipts acrd
<br /> e~~rdetrce of airy expenditures ~rrade that are ad~litio~rally secr~red hereby a Trr~stee array require,
<br /> ~a~ l~pon receipt of such notice from the ~e~reficiary, Tr4ustee shall car~se to be
<br /> retarded, publlslred and de~i~er~ed to Trustar' such notice of Defa~~lt and election to Sell as their
<br /> re~r~ired la~~ and by this Deed of Tr•ust~ Trustee shall, ~~ritlrot~t derrrand ot~ Tr~~stor, after lapse
<br /> of s~zch time as ~~ay tller] ~ r"equir'ed by la~~ and after• recor'datlarr of srrclr atice of De~'ar~lt arrd
<br /> after ~ot~ce of dale ha~~irrg been given as req~zired by la~~, sell the Prape~•ty, at the time acrd place
<br /> of sale fixed by rt rrr said Notlce of Sale, either as a ~~hale ar• ix~ separate fats ar parcels ar' lter~n
<br /> as Tr~rrstee shall deem expedient and irr s~~ch order s it may deterrrrirre, at public a~~ctiorr to the
<br /> lriglrest bidder, for cash i~r lawful rrra~~ey of
<br /> tl~e United states payable at the tine of sale, T~~ustee
<br /> shall deliver to sr~cll purci~aser ar• purchasers thereaf its goad at~d sufficient deed ar deeds
<br /> can~eyltr the pr'aperty so sold, but 4~rthor~t any ca~er~arrt or• arrarrty, express ar implied. The
<br /> recitals irr s~~cl~ deed of any rnatter•s ar Facts shall be co~rtlusi~e proof
<br /> of the ~r~~#lrfi~lness thereaf,
<br /> Any per'sa~r, including, ~~~thatit ~~tnttatrarr, Trr~stor, Trustee ar• beneficiary, tray p~~rc~~ase at s~~c~~
<br /> sale, anal Tr~~stat• hereby co~errants to ~~ar~•ant acrd defend the title of s~~ch p~~rclaaser or
<br /> pr~rclrasers.
<br /> ~h After deducting all reasonable casts, fees acrd expenses of Tr~~stee,
<br /> rtrclr~d~ng costs of e~rdence of title qtr carrtrectran ~~rth sutlr sale, Trustee s~~all apply tie proceeds
<br /> of sale to payment af; ~i} tl~e Prainissory date; ~rr~ all other• s~~~ns then sec~~i•ed hereby; and
<br /> ~lil~ the ~•et~rairrder, if any, to the person or persons legally entitled tlrex~eta,
<br /> ~c~ Trristee may postpone sale of all or airy po~~tion of the Praper•ty by public
<br /> airi~or~t~cerneirt at such time acrd place of sale, arrd from tine to time tlrexeafter', aid witlrarit
<br /> firr'tlrer iratice r~ral~e such sale at the tiir~e fixed ~ the list postponement, or Wray, iir its discretion,
<br /> give a ne~v notice ofsale.
<br /> ectiorr l~ecei~er', ~f a~~ >~~errt of Default shall lra~e otturred a~~d be continuing,
<br /> Beneficrary, as a matter of r•rglat arrd 4~ithout f~irtlrer notice to Trustar• ar at~yane ciaitriirrg ender
<br /> Security, and 1~rltl~lout regard to the there ~~all~e of the property or• tl~e ir~terest of Tr+ustar• therein,
<br /> shall lra~e the right to apply to any court l~a~trrg jur~sd~ttiarr to appairrt a t~ecei~er• a~i reter~~ers of
<br />
<br /> the eturity far a pant thereof}, and Tr~ustor hereby ir~~e~acably tarrserrts to such appointrneirt~
<br />
<br /> Arry s~~c~h ~"~G~1~~~• or~ receivers shall lra~e all the po~~ers a~~d duties of ~~ecei~ers to life ar; si~r~ilar'
<br />
<br /> cases, and all the powers gird duties of Be~tef
<br /> ~cia~•~ itr case of e~~tr'y as p~•a~tded herein, acrd shall
<br /> ATTA~~~~T N~f 9-5
<br /> DSO Cl~ 4006~3~~ l 3f~~~~7~-~D~ 1
<br /> i
<br />
<br />
|