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202305434
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Last modified
10/16/2023 4:42:24 PM
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10/16/2023 4:42:21 PM
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DEEDS
Inst Number
202305434
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202305434 <br />(b) As may be permitted by law, after deducting all costs, fees and expenses of <br />Trustee and of this Trust incurred in connection with any such default or sale or foreclosure or all <br />of them, including attorney's fees and costs of evidence of title in connection with the sale, and a <br />Trustee's fee, Trustee shall apply the proceeds of sale to payment of (i) all sums expended <br />under the terms hereof, not then repaid, with accrued interest at the default rate provided in the <br />Note, (ii) all other sums then secured hereby, and (iii) the remainder, if any, to the person or <br />persons legally entitled thereto. The Trustee's fee shall equal 5% of the outstanding principal <br />balance of the Note, plus attorney's fees incurred by the Trustee in connection with performing <br />its duties under this Deed of Trust. <br />(c) Trustee may in the manner provided by law postpone sale of all or any portion of <br />the Trust Estate. <br />19. REMEDIES NOT EXCLUSIVE; EXCULPATION. Trustee and Beneficiary, and <br />each of them, shall be entitled to enforce payment and performance of any indebtedness or <br />obligations secured hereby and to exercise all rights and powers under this Deed of Trust or <br />under any Loan Instrument or other agreement or any laws now or hereafter in force, <br />notwithstanding some or all of such indebtedness and obligations secured hereby may now or <br />hereafter be otherwise secured, whether by mortgage, deed of trust, pledge, lien, assignment or <br />otherwise. Neither the acceptance of this Deed of Trust nor its enforcement, whether by court <br />action or pursuant to the power of sale or other powers herein contained, shall prejudice or in <br />any manner affect Trustee's or Beneficiary's right to realize upon or enforce any other security <br />now or hereafter held by Trustee or Beneficiary, it being agreed that Trustee and Beneficiary, <br />and each of them, shall be entitled to enforce this Deed of Trust and any other security now or <br />hereafter held by Beneficiary or Trustee in such order and manner as they or either of them may <br />in their absolute discretion determine. No remedy herein conferred upon or reserved to Trustee <br />or Beneficiary is intended to be exclusive of any other remedy herein or by law provided or <br />permitted, but each shall be cumulative and shall be in addition to every other remedy given <br />hereunder or now or hereafter existing at law or in equity or by statute. Every power or remedy <br />given by any of the Loan Instruments to Trustee or Beneficiary are independent and either of <br />them may pursue inconsistent remedies. Nothing herein shall be construed as prohibiting <br />Beneficiary from seeking a deficiency judgment against the Trustor to the extent such action is <br />permitted by law. <br />Beneficiary shall not enforce the liability and obligation of Trustor to perform and observe <br />the obligations contained in this Note or the Deed of Trust by any action or proceeding wherein a <br />money judgment or other judgment establishing personal liability shall be sought against <br />Trustor, except that Beneficiary may bring a foreclosure action or power of sale proceeding to <br />enable Beneficiary and/or Trustee to enforce and realize upon their interest under this Deed of <br />Trust. <br />20. TRANSFER OF THE TRUST ESTATE; ASSUMPTION. If all or any part of the <br />Trust Estate or interest therein is sold, transferred or otherwise conveyed by Trustor, including <br />any transfer by operation of law, without Beneficiary's prior written consent, excluding: <br />(a) A transfer by devise or descent upon the death of the Trustor; or <br />(b) The grant of any leasehold interest not otherwise contrary to the terms hereof; <br />Such action gives rise to a right of acceleration under this Deed of Trust or the Loan <br />Instruments and Beneficiary may, at Beneficiary's option, declare all sums secured by this Deed of <br />Trust to be immediately due and payable, or cause the Trustee to file a notice of default if all such <br />8 <br />
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