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202107664
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9/8/2021 3:37:16 PM
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9/8/2021 3:37:15 PM
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DEEDS
Inst Number
202107664
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202107664 <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 interest in the property <br />to be sold, which notice Trustee shall cause to be duly filed for record in the official <br />records of the county in which the property is located. <br />12. Foreclosure by Power of Sale. Should Beneficiary elect foreclosure by <br />exercise of the power of sale herein contained, Beneficiary shall notify Trustee and shall <br />deposit with Trustee this Deed of Trust and the Note and such receipts and evidence of <br />expenditures made and secured hereby as Trustee may require, and upon request of the <br />Beneficiary, the Trustee shall file for record, in the Register of Deeds Office in the <br />County where the property is located, a notice of default, setting forth the names of the <br />Trustor, the Book and Page or Document No. of this Deed of Trust as recorded in said <br />Register of Deeds Office, the legal description of the above-described real estate and that <br />a breach of an obligation, for which said real estate was conveyed as security, has <br />occurred, and setting forth the nature of such breach and the Trustee's election to sell the <br />real estate to satisfy the obligation; and after the lapse of not less than one (1) month, the <br />Trustee shall give written notice of the time and place of sale which may be between 9:00 <br />a.m. and 5:00 p.m. at the premises, or at the Courthouse in the County wherein such <br />property is located, describing the property to be sold by its legal description, said notice <br />to be published in a newspaper of general circulation in the County wherein such property <br />is located, once a week for five (5) consecutive weeks, the last publication to be at least <br />ten (10) days, but not more than thirty (30) days prior to the sale; and the Trustee shall <br />then sell said property at the time and place designated in the notice, in the manner <br />provided by law in effect at the time of filing said notice, at public auction to the highest <br />bidder for cash and shall deliver to such purchaser a deed to the property sold, consistent <br />with the law in effect at the time. <br />Upon receipt of payment of the price bid, Trustee shall deliver to the purchaser a <br />Trustee's Deed conveying the property sold. Recitals in the Trustee's deed shall be prima <br />facia evidence of the trust of the statements made therein. Trustee shall apply the <br />proceeds of the sale in the following order: (a) to all reasonable costs and expenses of the <br />sale, including but not limited to, Trustee's fees of not more than two percent (2%) of the <br />gross sale price, reasonable attorney fees and costs of title evidence; (b) to all sums <br />secured by this Deed of trust; and (c) the excess, if any, to the person or persons legally <br />entitled thereto. Any person, including the Beneficiary, may purchase said property at <br />said sale. <br />5 <br />
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