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<br /> eion of the Prope�ty or thP collection, reaeipt9?d appZication
<br /> oE renta, ieauee or prof.ite, Trut��e� ar Beneficiary may be enti-
<br /> tled to exerci�e every right prowided for fn any of Che loan
<br /> inc�t�umen�e or by law upon occurrence of any even� of default,
<br /> including ehe right ta exerciee the pnwer �f aale;
<br /> (b) cornmence on acCi�n to forecloae thie Deed of Tru�t aa a `
<br /> mor.tgage, appoint a receiver, or spec:ificallX enforce any of the
<br /> covenants hereofj
<br /> (c) deliver to True�ee a written declaration of default and
<br /> demand for sa1e, and a writ�en noCic� of default and election to
<br /> cause Trustor's interest in the Pzoperty to be eold, which notice
<br /> Truetee s��ll cauae to be duly fi.led for xecord in the officia].
<br /> recorcia o� tihe county in which the Property ia 1oca�ed.
<br /> 13. F.Q��1�9Lre kiY�.o3�r�,*" oE Sale. Sho�ld Bene�iciary elect
<br /> to forecloae by exerciAe af the �ower of aale her.e9.n contained,
<br /> Beneficiaxy stiall notify Trustee and aha].l deposi� wi�ka Tx'�datee
<br /> L•hie Deed of Trust and tk�e note and such. receipta and evid�ez�ce of
<br /> expendir.ures made and secux�d hereby as Tru�tee may requixe, and
<br /> ugan request o� �he Beneficiary, Ghe Truetee ehall file for rec:-
<br /> ox�d, in th� Regi�ter of Deed� oP�ice in the County where the
<br /> Propexty ia located, a no�9.ce of default, setting forth the name
<br /> of the Truetar, the Book and Page or pocument No. Af thia Deed of
<br /> Truet ae recorded in aaid Re�ie�er of Deede office, the legal de-
<br /> saription of the above-deeeribed real eetate and that a breach of
<br /> an obligatian, far which eaid real �atate wae conveyed ae secu-
<br /> ri�y, hae occurred, and setting farth the nature of euch breach
<br /> aiiii i.lit i:.il�,t8�'� �3C�ti0^ t� ee�1 thR Y'PAZ eetata to eat�sfv the :
<br /> �h].igation; and after the lap�e o£ not lese than one (1}� metnth,
<br /> �2ie Txur�tee ehall give written notice of r.he time and plaae of
<br /> saZe wl.zich may be beCw�en 9:0o a.m. and 5:00 p.m. 'ati tha pxem-
<br /> � ises, oz at the Cour�hauee in the CounCy whereiiz euch Prapex'Cy ie
<br /> � � located, describing the Prap�r�y ta be sold by ita legat �le�crip�
<br /> tion, said notice �o be pub'liehed in a newapaper of. c�enera�. cir-
<br /> culat�.on in the C�unty wherein guch Property ie located, once a
<br /> week for Eive (5> coneecutive weeke, the last pu�alication ta be
<br /> at leaet ten (1.0) days, buti no� more than �hirty (30) days, pr3or
<br /> to th� eale; and Che Trus'�ee shall �hen ee11 s�ic� Propex�.y at the
<br /> time z�nd place designated in the notice, in the manner ��x-ov�.d��i
<br /> by law in effect at the time oE filing said noCic�, at public
<br /> a�tction Go the ha.ghea� biddex fcar caeh and �haYl deli.�ver to euah.
<br /> purchaa��x a deed �o th� Property sold, coneietent with the law in� ,
<br /> effect at �he time.
<br /> Upon receipt of. payment of the price bid, TL^uetee ehall de-
<br /> 19.ver to th� purchaser, Truetee's deed conveying the Property
<br /> sold. Recita3.a in the Truetee's deed ah�ll be prima facie evi-
<br /> dencc o£ the truth of the etatemente m�de therein. Tru�stee eYic�ll
<br /> . apply the �+roceeds of th� c�ale in the following crder: (a) to
<br /> all reaeonable coete and expensea of the sale, includi.ng but not
<br /> limited to, Tr.ustee's feee� of not more than 1.5t of the groes
<br /> sale price, reasonable attorney fees and cosCs of title ev9.denae;
<br /> (b) to all eume secured by thie Deed of Trust; and (c) t8e ex-
<br /> cess, :Lf any, to the pereon ar persone legally� entitled�rh�reto.
<br /> Any person, including HenEficiar.y, may purchase r�aid Praperty ��
<br /> �aid eale.
<br /> The person conducting th� �ale may, �or any cauae he o.r �he
<br /> d�eme expedient, postpone tPie �.�.le £rom ��mc� to tfine until it
<br /> ahall be comp].eted and, in every guch case, notice of poatpane-
<br /> ment shall be �iven by public declaration thereof by ouch persan
<br /> �. LL� �._..._ �...a ...��..e i�or �„r,n;nraA for the sale: nrovided, if
<br /> aa. uac trltttG w.... _.�.�.��- ---- —rc-------- . . .
<br /> the eale ie poetponed for longer than one (11 day beyond the date
<br /> d�eignated in the notice of sale, notice thereof shall be given
<br />- in the eame manner a� the origin�l. notice of sale.
<br />-- 14, npmediea NQt ExclLeive. 7Cruotee and Beneficiary, and
<br /> - each of them, eha11 be entitlec� to enforce payment and perform-
<br />-- ance of any indebtednese or obligation eecuied hereby and to ex-
<br />-= erciae all righta and powcxe under thip need of Truet or under
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