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201704003
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Last modified
7/3/2017 5:40:58 PM
Creation date
6/15/2017 11:39:35 AM
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DEEDS
Inst Number
201704003
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201'704003 <br /> to Beneficiary at the Property, a place which is hereby deemed reasonably <br /> convenient to Beneficiary and Trustor. Beneficiary shall give Trustor at least ten <br /> (10) days' prior written notice of the time and place of any public sale or other <br /> disposition of such Property or of the time at or after which any private sale or <br /> any other intended disposition is to be made, and if such notice is sent to Trustor, <br /> in the manner provided for the mailing of notices herein, it shall constitute <br /> reasonable notice to Trustor. <br /> (c) Trustee is hereby irrevocably appointed the true and lawful attorney-in- <br /> fact of Trustor in its name and stead to make all necessary conveyances, <br /> assignments, transfers and deliveries of the Property, or any part thereof, and the <br /> rights so sold and for that purpose Trustee may execute all necessary <br /> instruments of conveyance, assignment and transfer, and may substitute one or <br /> more persons with like power, Trustor hereby ratifying and confirming all that its <br /> said attorney or any substitute or substitutes shall lawfully do by virtue hereof. <br /> Nevertheless, Trustor, if so requested by Trustee or Beneficiary, shall ratify and <br /> confirm any such sale or sales by executing and delivering to Trustee or to such <br /> purchaser or purchasers all such instruments as may be advisable in the <br /> judgment of Trustee or Beneficiary, for the purpose as may be designated in such <br /> request. <br /> (d) Trustor hereby expressly, waives any right which it may have to direct <br /> the order in which any of the Property shall be sold in the event of any sale or <br /> sales pursuant hereto. <br /> 3.05 Proceeds. Unless otherwise provided by law, the proceeds of any sale <br /> made, and all sums recovered under this Article III, together with all other sums held <br /> by Trustee or Beneficiary under this Deed of Trust, shall be applied in the following <br /> order: <br /> (a) to the extent allowable under the laws of the Governing Jurisdiction, to <br /> all costs and expenses incurred in connection with the sale or sales and any <br /> P <br /> judicial proceedings, including, but not limited to, all reasonable Trustee's and <br /> attorney's fees and expenses, and the costs of any title evidence; <br /> (b) to the repayment of all sums expended by Trustee or Beneficiary in <br /> accordance with the terms of this Deed of Trust and the Note; <br /> (c) the remainder, if any, to the person or persons legally entitled thereto. <br /> 3.06 Power to Purchase. Trustee, Beneficiary, or their designee, may <br /> purchase at any sale or sales made under or by virtue of this Article III. No recovery of <br /> any judgment by Beneficiary and no levy of an execution under any judgment upon the <br /> Property or upon any other property of Trustor shall affect, in any manner or to any <br /> extent, the lien of this Deed of Trust upon the Property, or any part thereof, or any liens, <br /> rights, powers or remedies of Trustee or Beneficiary hereunder, but such liens, rights, <br /> powers and remedies of Trustee and Beneficiary shall continue unimpaired as before. <br /> 3.07 Possession. Notwithstanding the appointment of any receiver, <br /> liquidator or trustee of Trustor, or of any of its property, or of the Property or any part <br /> thereof, Trustee and Beneficiary shall be entitled to retain possession and control of all <br /> Property now or hereafter held under this Deed of Trust. <br /> 3.08 Other Remedies. Beneficiary may elect to exercise any other remedies <br /> at law or in equity. <br />
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