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201 205089
<br />1. On receipt of such notice from BENEFICIARY, Trustee shall cause to be recorded,
<br />published and delivered to TRUSTOR such notice of default as then required by law and
<br />by this Deed of Trust. Trustee shall, without demand on TRUSTOR, after such time as
<br />may then be required by law and after recording of such notice of default and publishing
<br />notice of sale, all as required by law, sell the Properly at the time and place of sale fixed
<br />by Trustee in such notice of sale, either as a whole or in separate lots, parcels or items as
<br />Trustee shall deem expedient, and in such order as Trustee may determine, at public
<br />auction to the highest bidder for cash or in lawful money of the United States, or certified
<br />or cashier's check, payable at the time of sale; or as otherwise may be provided in the
<br />published notice of sale. Trustee shall deliver to such purchaser, or purchasers thereof,
<br />Trustee's good and sufficient deed conveying the Property so sold, but without any
<br />covenant or warranty, express or implied. The recitals in such deed of any matters or facts
<br />shall be conclusive proof of the truthfulness thereof. An� person including, without
<br />limitation, TRUSTOR, Trustee or BENEFICIARY, may purchase at such sale and
<br />TRUSTOR hereby covenants to warrant and defend the title of such purchaser or
<br />purch�sers;
<br />2. As may be pernutted by law, after deducting all costs, fees and expenses of Trustee and of
<br />this DEED OF TRUST incurred in connection with any such default or sale or
<br />foreclosure, or all of them, including costs of evidence of title in connection with a
<br />defau�t or sale, a Trustee's fee and an attorney's fee, as provided by law, or provided by
<br />paragraph "22. Trustee's Fee & Attorney's Ree". Also, any attorr�ey's fees incurred by
<br />the Trustee. shall be paid, whether such fees were incurred addressing a default or using
<br />the Power of Sale. Trustee shall apply the proceeds of sale to payment of:
<br />i. All sums expended under the terms hereof not then repaid with accrued
<br />interest at the default rate provided in the Note,
<br />ii. All other sums then secured hereby, and
<br />iii. The remainder, if any, to the person or persons legally entitled thereto;
<br />3. Trustee may, in any manner provided by law, or as referenced in the published notice of
<br />sale, postpone sale of all or any portion of the Property.
<br />M. BENEFICIARY may from time to time substitute a successor or successors to any
<br />TRUSTEE named herein or acting hereunder. Upon such appointment, and without conveyance to
<br />the successor TRUSTEE, the latter shall be vested with all title, powers, and duties conferred upon
<br />any TRUSTEE herein named or acting hereu.nder. Each such appointment and substitution sha11 be
<br />made by written instrument and executed by BENEFICIARY, containing reference to this Deed of
<br />Trust and its place. of record, which, when recorded in the office of t�ie Register of Deeds of the
<br />county or counties in which said properiy is situated, shall be conclusive proof of proper
<br />appointment of the successor TRUSTEE. The foregoing power of substitution and the procedure
<br />therefore sha11 not be exclusive of the power and procedure provided for by law for the substitution
<br />of a TRUSTEE in the place of the TRUST'EE named herein.
<br />N. TRUSTORS covenant and agree that upon any attempted conveyance, assignment, pledge
<br />or transfer of any of his interest in the premises during the term of the loan secured hereby, the
<br />BENEFICIARIES shall have the option of declaring the u.npaid balance ,unmediately due and
<br />payable, and if said sum remains unpaid for fifteen (15) days thereafter, BENEFICIARY can cause
<br />Notice of Default to be given and the premises be sold as provided herein.
<br />O. Assignment of Rents: As additional security, TRUSTOR hereby assigns to
<br />BENEFICIARY the rents of the Properiy, provided that TRUSTOR shall, prior to acceleration
<br />hereunder or abandonment of the Property, have the right to collect and retain such rents as they
<br />become due and payable. On acceleration as provided hereunder or TRUSTOR's abandonment
<br />of the Property; BENEFICIARY, in person or by agent or by a judicially appointed receiver, shall
<br />be entitled to enter upon, take possession of and manage the Property and collect the rents and
<br />products of the Property. All rents and products collected by BENEFICIARY or the receiver
<br />shall be applied first to payment of costs of managing the Property and collection of rents and
<br />products, including, but not limited to, receiver's fees, premiums on receiver's and applicant's
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