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202006676
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Last modified
9/8/2020 11:43:29 AM
Creation date
9/8/2020 11:43:28 AM
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DEEDS
Inst Number
202006676
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202006676 <br />part thereof or interest therein, increase the income therefrom or <br />protect the security thereof and, with or without taking possession of <br />the Trust Estate, sue for or otherwise collect the rents, issues and <br />profits thereof, including those past due and unpaid, and apply the <br />same, less costs and expenses of operation and collection, including <br />attorneys' fees to the extent allowed by law, upon any indebtedness <br />secured hereby, all in such order as Beneficiary may determine. The <br />entering upon and taking possession of the Trust Estate, the collection <br />of such rents, issues and profits and the application thereof as <br />aforesaid, shall not cure or waive any default or notice of default <br />hereunder or invalidate any act done in response to such default or <br />pursuant to such notice of default and, notwithstanding the <br />continuance in possession of the Trust Estate or the collection, receipt <br />and application of rents, issues or profits, Trustee or Beneficiary shall <br />be entitled to exercise every right provided for in any of the Loan <br />Instruments or by law upon occurrence of an event of default, <br />including the right to exercise the power of sale; <br />b) Commence an action to foreclose this Deed of Trust as a mortgage, <br />appoint a receiver, or specifically enforce any of the covenants hereof; <br />c) Deliver to Trustee a written declaration of default and demand for <br />sale, and a written notice of default and election to cause Trustor's <br />interest in the Trust Estate to be sold, which notice Trustee shall cause <br />to be duly filed for record in the appropriate Official Records of the <br />County in which the Trust Estate is located. <br />13) FORECLOSURE BY POWER OF SALE. Should Beneficiary elect to foreclose by <br />exercise of the Power of Sale herein contained, Beneficiary shall notify Trustee and <br />shall deposit with Trustee this Deed of Trust and the Note and such receipts and <br />evidence of expenditures made and secured hereby as Trustee may require. <br />a) Upon receipt of such notice from Beneficiary, Trustee shall cause to <br />be recorded, published and delivered to Trustor such Notice of <br />Default as then required by law and by this Deed of Trust. Trustee <br />shall, without demand on Trustor, after such time as may then be <br />required by law and after recordation of such Notice of Default and <br />after Notice of Sale having been given as required by law, sell the <br />Trust Estate at the time and place of sale fixed by it in such Notice of <br />Sale, either as a whole, or in separate lots or parcels or items as Trustee <br />shall deem expedient, and in such order as it may determine, at public <br />auction to the highest bidder for cash in lawful money of the United <br />States payable at the time of sale. Trustee shall deliver to such <br />
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