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. - <br /> � ,r�...+..��.�,�.,u�i. .. • ., - - -- -� -......,.°- - <br /> �;�i;,__;;i�'u%.,....a�--- <br /> � <br /> _ �g" s�/���a <br /> aavenant• tio warrent and d�f�nd th� tl.t1� ot th� abov� <br /> �rAp�rty to purohas�r eC �el�. <br /> D. When the TRUBTEE sal.ls tho trusti proparty pureuant tia the <br /> p�wer� granr.e�l herein, the TRUSTE� sha11 a�pp].y the procaeds <br /> from the edle o� euch property in the following ordar of <br /> priority: <br /> S?) T� th� cost and exnense of exerci.sing the power o� aale <br /> and of the sale, including �ttorne�r Yees, evidenCe of <br /> exceed two percentX(2��eof the grossusale�pri e; not to <br />' (2) To thc �:ay�ner�t o� the obligati.on secured h� this Deed of <br /> Trust and �rust Deed Not�; <br /> �g� To the payment of junior Trust Deede, martc�ages, or other �R <br /> � li.enholelers; - <br />: � (�) The bala�ce, if �n�, t� �th� person or persons leqnlly :. <br /> entitled thereta. t:��:. <br /> . .,; <br /> E. Upon �c:��e �cc�,rncencg o:E any dpfault hc��•eunder, BENE�'a�G:!I:�►EtIES _ <br /> B�d21 ��p�; �.'n addition to Uuch other opt��na a� �maY be <br /> _ c�rant�d �er�a.�:�„ the further ��a'tion to foreclen�� this� �eed °f <br /> Trus�. �ri the manner provided by law for f�real.a��a�'�S of }`: <br /> �' mp�t,c��c;��s on real propert}►. • � - <br /> } . <br /> .y X-,.. D81ML1CiA.�r'tia�iVM `�C.'rj frnw1 t]_lllle �ff'i 'Gllll@ Tsl1b8�'1t•111SGr c1 -�'�1�:�1:��.�'.a�01' Ol." <br />:,� <br /> ':a succ�ssors to any TR�3TEE named hexei.n or act9.nq h�a��undni. <br /> � Upon such appoi.ntmer_*, and without conveyan�e to the ��n�cWesosr <br /> TRUSTEE, the latter shdll be vestod with aii title, p�o <br /> � and duties conferred upon any TRUSTEE herain named or acting <br /> • hereunder. Each such mppointment and eubstiCution shall be <br /> ' made by written instrument and executied by BENEFICI11RI83r <br /> � containing reference to this Deed of Trust and ita plAC� of <br /> : rocord, which, when racorded in Che offico of th� Rogist�r of <br /> � De�eds of ths county or countiae in which said p i�n o! <br /> � situatad, shdll be conclus�.vo proof of proper appo <br /> ' the euccsssor TRUSTEE. The for�goinq pow�r of aubstitution <br /> ' and the procedure� theref.ore shall not b� Qxclusivo of th� <br /> power end procedurQ provided far by law for the subetitution <br /> � of a TRUSTEE in the p�nce of the TRUSTEF n�+med herein. <br /> ' G. TRUSTOR covenants r�nd agrees that upon any atte�pted <br /> convoyance, a�xeignxant, pledge or tranafex of a�ny of his <br /> ,' intexest in �he premi.ses durinq the ter� of the loaa s�aursd <br /> °, hereby, the BEtiEFiCiARIEB shall have the optfon of declariaq <br /> '• the unpaid balance imsediarely due and paY�ls� hereaftera <br /> � sum re�►nins unpaid for fiftaen (15) day iven and the <br /> � pr Aises be��sold as pravided herein f�`ult to be g <br /> { <br /> � H. l�s additionnl and collateral security for the losn, and <br /> � efiective fartihwith upon filinq ot a Notic��e TRU TOR to the <br /> • .instru�ent shnll serve as an essiynnent by <br /> TRUSTgB, of all rents and revenues resulting from the <br /> property, and TRUSm6S is authorized to take possesBion of the <br /> property, rent or leaae the sa�e on ter�s he��e �n npaid <br /> ' collect the rents and revenues and npp 'y <br /> � maintenance nnd preservatioa of theg pr�nfses remiums or for <br /> . ..� _t <br /> I. The weiver by TRUSTEE or �ENIEFICI�RIES ot any ae=aujL "` <br /> TRUSTOR under this Deed Af �rust, on ane occasion, ehall nnt <br /> be or be deemed to be e w�fver of any other or similar <br /> defaults subsequently occurring. <br /> J. if title to any part of th� prc�pertY" he��.i.n• ����•1 �� �'�e� .in <br /> condemnatiam proceedingsr. by r3.ghti nt emi:anent doraa#.n� or <br /> eimilar action, nr ai1�r� b� ���� �nd�� '���� of condemnatic�u, <br /> all awards, dama�c�� �nd pro�eeds ax� he��b�r assugne aanent aor <br /> be paid to the 8�1��rCIARIES, who shsll apply p Ym <br /> _ any part tlzcer�eof, in their sole discretion, to the su�n due at <br /> = -3- <br />