Laserfiche WebLink
�012U1590 <br />(a) First, the portion of the Secured Obligations attributable to the expenses of <br />sale, costs of any action and any other sums for which Grantor is obligated to pay or <br />reimburse Beneficiary under Section 5.9 of this Deed of Trust; and <br />(b) Second, all other Secured Obligations in any order and proportions as <br />Beneficiary in its sole discretion may choose. <br />6.5 Apnlication of Foreclosure Sale Proceeds. Unless otherwise provided by <br />applicable law, Beneficiary shall apply the proceeds of any Foreclosure Sale in the following <br />manner: � <br />(a) First, to pay the portion of the Secured Obligations attributable to the <br />expenses of sale, costs of any action and any other sums for which Grantor is obligated� to <br />reimburse Beneficiary or Trustee under Section 5.9 of this Deed of Trust; <br />(b) Second, to pay the portion of the Secured Obligations attributable to any <br />sums expended or advanced by Beneficiary under the terms of this Deed of Trust which <br />then remain unpaid; <br />(c) Third, to pay all other Secured Obligations in any order and proportions as <br />Beneficiary in its sole discretion may choose; and <br />(d) Fourth, to remit the remainder, if any, to the person or persons entitled to <br />it by law. <br />6.6 Apnlication of Rents and Other Sums. Unless otherwise provided by applicable <br />law, Beneficiary shall apply any and all Rents collected by it, and any and all sums other than <br />proceeds of a Foreclosure Sale which Beneficiary may receive or collect under 5ection 6.3 <br />above, in the following manner: <br />(a) First, to pay the portion of the Secured Obligations attributa.ble to the costs <br />and expenses of operation and collection that may be incurred by Beneficiary or any <br />receiver; <br />(b) Second, to pay all other Secured Obligations in any order and proportions <br />as Beneficiary in its sole discretion may choose; and <br />(c) Third, to remit the remainder, if any, to the person or persons entitled to it <br />by law. <br />Beneficiary shall have no liability for any funds which it does not actually receive. <br />7. The Trustee. <br />7.1 Certa.in Rights. With the approval of Beneficiary, Trustee shall have the right to <br />take any and all of the following actions: (i) to select, employ and consult with counsel (who <br />may be, but need not be, counsel for Beneficiary) upon any matters arising hereunder, including <br />the preparation, execution and interpretation of the Loan Documents, and shall be fully protected <br />DEED OF TRUST — Page 16 <br />#3982161 <br />