|
. . . � .ti�. • .
<br /> ��y� ����3n�5'P�'��ki ,r:., .... .. . , , .. �� . .. „x "�:".;,. ...a .. . M� ,. . . .. . � .. .. . Y .... ..
<br /> r�+� . .... .. . ,, . . . . . . . . , . � .
<br /> . . . . �.�.� �� ., .. . .. .... ., y;. �., . , . . .... . ..
<br /> x 93� -1�a..3�4
<br />:ti,
<br />�*.; FIPTH: Upon def�uZt by Trustor ir� the psyuient af ar perfoxmance of tre
<br /> te�ns and. cond.�w3.�ns of the No�e, ar anq r�newals. mvdific�t�,ons o:r executians
<br /> Mhereo£, the pgyment of a�zy ather indebtedneas secured hereby or in th�
<br /> F�Z�t.`L'It1&t10E o£ any �greement, covenent �r tvarr�ntp herein contained ar aet
<br /> forth in any agreeme'.�t of iztstr.ument executed by Truetar in �annect�.on with
<br /> the indec�tedness hereby secured, Benef:iciary ,may declare a1Z sums �ecured
<br /> hereby ixnmediately due and payable snd the sams shall �hereupon became du� and
<br /> pay�ble withaut presentment, demanci, pratest ar natice of sny kind.
<br /> Thereaft�r, �3anef3.ciarp may deliver ta Trustee a wri.tcen declaration of
<br /> c�ef�ult �nd deznand for sale. Truatee sha�l have the paaver of sal� o£ �he
<br /> Prap�:rty and if B�nef3.c3e.ry decid�s th�e Pzoper�y i� ta be eold i9-. shall
<br /> depns�_t wi�h '�ru4te� this �eed vf Trus� and the No+ce or noteu and an;� �s4��:e:
<br /> documents evidencing expendituree secured hereby. and aha11 d�1l�.ver t�s T'xu�t�e
<br /> a written notice of defaul.t and e1.�ction to caus� the Property A.a be s��:l.d, and
<br /> Trustee. in turn, ahal�. prepare a aim,�.ltsr notice �.a�, the �orm �:��q��.t'ed ��y lam,
<br /> which. shaJ�l 4�e dulp f�.led for r�cord �y Truste�.
<br /> (a) Aft�r the lapse of such time as may be required by lra+�r �o�.lowing the
<br /> x�ecozdatiun af Notice of D�fault, and r►atice af 17e�ault and Not�.ce of Sale
<br /> having been �iven as required by law, Tzustee, aithaixx de�^iand on Trustnr�
<br /> sha11,. sell the Property herein befare �'.escrib�d, antt anq and everq part
<br /> the.rent, in s�parate par.cels ar �: u�sse as the Truatee may e1QCt and in ,
<br /> si.ch order as Trustee rn�,y determine an the date and et the time end place
<br /> des�.�;n�ted in eaid NoCice of eale, at publi.c �,uGtion to the h3.ghast
<br /> k�idd.er, th.e purchase price payable in ccah in law£ul manep o� tne United
<br /> staces ��t_ �he tim� �,u �r�iu. i'i.�, �er�oT� cnndu.ct�.ng the sale anF:y, fnr anq
<br /> cauce he or she deems expedien.�, pvstpon� �lxe ea�le fr�am time tc� t�.me un'Gil
<br /> 1.t sha.l7. be cdmpleted and, in every �uch c��e. notice o�' �ostpanement
<br /> gr�mii be �iven by public declat�atiox� ther�of bg* such person at tihe time
<br /> and place l��t appoint�d for the sale; provided, a.£ 'the �A�.e is �oatpor�ed
<br /> fnr lcn�er than ane (1) day beqond the day designated in the Notice of
<br /> S�le, nnt�.c,e tre��of sha�.]. be given ia the same mannex as the nriginal
<br /> NoLice of sale. TMustee shz�ll eacecute and d�3.iver to the purchaser it�
<br /> I7eed convaying the prop�rty so ep�.d, but mithout any cov2nant ar maxrexaty,
<br /> express ar 3mpXied. She �er,3taie in. the beed of any mattera or facts
<br /> sha1.7. be conciczsive �raa£ o� the truthfulness thereof. Any persan,
<br /> ,inr..lud�n� w�_thau� limitat.�on. Beneficiti,ry or irufltee may puz'chase at the
<br /> ��.�e. Sa�1-1 ,;ale shall be canducted a� the real estate farming a part of
<br /> �hc. Pzoper2,y or at the cour� hauae i.n tE�e cortnty ir� avhich the Property ta
<br /> ue sold, or some part i:hereof. .is situated.
<br /> �a� When Trustee se�xs pursuant to �.he pc+a�ers hec�ein, Truetee shal� applq
<br /> �ne pror.eeds af t1�e s�le ta paymeatti of the c��s;:s and expenaes of
<br /> �xercising the pawe:r of sule and a£ the sale� �.ncluding, withaut
<br /> :i�ir:at,i.otx, the pay�n�nt nf Trustise's fees in�urred, which Trustee's fees
<br /> Aha7.J, not in the aggregate exceed �he �um vf Five Hundred� and no/100�ha
<br /> DvlJ.a�� �SSqQ.GO) plus ll2 a£ ].X of the amount secured hereby and
<br /> r�mFaining un.pa�.d �nd then ta th� �.tems set f'o�th i� subpi;ragruph (c) oF
<br /> this p�ra�rsph �'IFT�i in tk�e �.�rder therein s�a4ed.
<br /> (c) A£�er paqing the 3.tems specified in eubpara�raph (b) o£ this
<br /> pc�ra�;raph 3�TFTH, if the sale �.� lay Trustee, or ehe pz�per court and other
<br /> cost.s of �orecla�u�e nnd s�.le if sale is ptxrsuant to ,jt�d'�.Gaa1 foreclosure,
<br /> the prvice�ds a£ �ale shall la� appi�.pd �.n tt�e ordsr e�atad below to the
<br /> p�ytaenk, of:
<br /> �'-I96635 Aage 7 af �.1 Initial.ss' �
<br /> ������
<br /> i I
<br />�
<br /> r:
<br />
|