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89104392
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89104392
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Last modified
10/20/2011 8:31:53 AM
Creation date
10/20/2005 9:53:44 PM
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DEEDS
Inst Number
89104392
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8�-- 104392 <br />TAVSTas SHALL mfr THE MM or SAU or TM PROPMW and if <br />Beneficiary decides the Property is to be sold it shall deposit <br />: <br />with Trustee this Deed of Trust and the Note or notes and any <br />- ..... -. <br />other documents evidencing expenditures secured hereby, and -shsll�,- <br />deliver to Trustee a written notice of default and election to - :11' <br />cause the Property to be sold, and Trustee, in turn, shall' <br />prepare a similar notice in the form required by law whihI shall <br />be duty tiled for record by Trustee. <br />(a) After the lapse of such time as may be rmpi .. <br />by law following the recordation of Notice of Detauit,.and <br />Notirie of Default acid Notice of Sale having bean.:4iven . as <br />required by law, Trustee, without demand; on Tyr, *ball sell <br />the Property,. in ono, .or more parcels and in such--,.o4dar -as Trustee <br />may determine on �; data and at the time and "% designated in <br />s&jd .- X6tice of Sal*- ;,at public auction to the Ui iii "`bidder, the <br />gtt tiafseR pt;�� pa ne Lm'cash in lawful stoney o�the `kited <br />Ste ves at `tot e' timolaxe - I The person .'�nrdt�cting the: wale may, <br />•{:. <br />for.: aei►y cause he e''he diems expedient`s :eostpone the ale from <br />time ,: to time until: 4t - shall be completed ' and, . in every such case, <br />notice of postponement shall be given by publici4eclaration <br />thereof by such person at the time and plitco.les't appointed for <br />the sales provided, if the sale is post 'for longer than one <br />.> <br />(1) .day beyond the fty designated in t1W -'W#ti dis of Sale, notice <br />thereof shall be green in the same manner as the original Notice <br />of Sale. Trustee shall wAacute and deliver to the purchaser its <br />.';�.. <br />Deed conveying the Property,,- so sold, but, without any covenant or <br />•;- <br />warranty, express, or implied. The recitals in the Deed of any <br />matters or facts shall be conclusive proof of, the truthfulness <br />thereof. Any person, including, without limitation, Beneficiary <br />or Trustee, may purchase at the sale. <br />(b) When Trustee sells pursuaaft. to the powers herein. <br />Vrustee shall apply the proceeds of the sale to payment of the <br />cowft and expenses of exercising the power of sale and of the <br />sale, including, without limitation, thee - payment of Trustee's <br />Fees incurred, which Trustersts Teen shall.. not in the aggregate <br />exceed the following amounts based upon the amount secured hereby <br />and remaining unpaid: five (3) percentum on the .balance thereof; <br />{ <br />and than to the items set forth in subparagraph„(c) hereof in the <br />order therein stated. <br />(c) After paying the items speciflod in subparagraph <br />(b), if the sale is by Trustee, or the proper awurt costs and <br />other costs of foreclosure and sae if the sale is pursuant to <br />judicial foreclosure, the.proceeds of same shall be applied in <br />the order uta►ted below to the payment of:: <br />(1)i' Cost of any evidence of title procured in <br />connectian'vith s =h salon and of any Documentary Stamp Tax <br />required to-be paid; <br />7. <br />U <br />n <br />
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