My WebLink
|
Help
|
About
|
Sign Out
Browse
201201590
LFImages
>
Deeds
>
Deeds By Year
>
2012
>
201201590
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
3/19/2012 3:48:43 PM
Creation date
3/1/2012 8:50:41 AM
Metadata
Fields
Template:
DEEDS
Inst Number
201201590
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
31
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
Show annotations
View images
View plain text
201201590 <br />(i) For purposes of this power of sale, Beneficiary may elect to treat <br />as personal properiy any Property which is intangible or which can be severed <br />from the Land or Improvements without causing structural damage. If it chooses <br />to do so, Beneficiary may dispose of any personal property, in any manner <br />permitted by Article 9 of the Uniform Commercial Code of the State in which the <br />Property is located, including any public or private sale, or in any other manner <br />permitted by any other applicable law. <br />(ii) In connection with any sale or other disposition of such Property, <br />Grantor agrees that the following procedures constitute a commercially <br />reasonable sale: Beneficiary shall mail written notice of the sale to Grantor not <br />later than thirty (30) days prior to such sale. Beneficiary will publish notice of the <br />sale in a local daily newspaper of general circulation. Upon receipt of any written <br />request, Beneficiary will make the Property available to any bona fide prospective <br />purchaser for inspection during reasonable business hours. Notwithstanding, <br />Beneficiary shall be under no obligation to consummate a sale if, iri its judgment, <br />none of the offers received by it equals the fair value of the Property offered for <br />sale. The foregoing procedures do not constitute the only procedures that may be <br />commercially reasonable. <br />(i) Sin�le or Multiple Foreclosure Sales. If the Property cQnsists of more <br />than one lot, parcel or item of property, Beneficiary may: <br />(i) Designate the order in which the lots, parcels and/or items shall be <br />sold or disposed of or offered for sale or disposition; and <br />(ii) Elect to dispose of the lots, parcels and/or items through a single <br />consolidated sale or disposition to be held or made under or in connection with <br />judicial proceedings, or by virtue of a judgment and decree of foreclosure and <br />sale; or through two or more such sales or dispositions; or in any other manner <br />Beneficiary may deem to be in its best interests (any such sale or disposition, a <br />"Foreclosure Sale;" and any two or more, "Foreclosure Sales"). <br />If Beneficiary chooses to have more than one Foreclosure Sale, Beneficiary at its <br />option may cause the Foreclosure Sales to be held simultaneously or successively, <br />on the same day, or on such different days and at such different times and in such <br />order as Beneficiary may deem to be in its best interests. No Foreclosure Sale <br />shall terminate or affect the liens of this Deed of Trust on any part of the Property <br />which has not been sold, until all of the Secured Obligations have been paid in <br />full. <br />6.4 Credit Bids. At any Foreclosure Sale, any person, including Grantor or <br />Beneficiary, may bid for and acquire the Property or any part of it to the extent permitted by then <br />applicable law. Instead of paying cash for such property, Beneficiary may settle for the purchase <br />price by crediting the sales price of the property against the following obligations: <br />DEED OF TRUST — Page 15 <br />#3982161 <br />
The URL can be used to link to this page
Your browser does not support the video tag.