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202401336
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4/1/2024 4:04:18 PM
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4/1/2024 4:04:18 PM
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DEEDS
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202401336
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202401336 <br />(vii) The proceeds of any sale or disposition hereunder, together with <br />any other sums which then may be held by Trustee or Beneficiary under this Deed <br />of Trust, whether under the provisions of this paragraph, or otherwise, shall be <br />applied as follows: FIRST, to the expenses of such sale or disposition together <br />with Trustee's fees and reasonable attorneys' fees and expenses, Beneficiary's <br />costs and the actual cost of publishing, recording, mailing, posting notice, the cost <br />of any search or other evidence of title procured in connection therewith, if <br />applicable, and recordation and transfer taxes and other charges, if any, on any <br />release or deed of reconveyance; SECOND, to the payment of all amounts <br />secured by this Deed of Trust, including but not limited to those set forth in the <br />Notes and any other Loan Document, and all other sums due Beneficiary from <br />Trustor; THIRD, to all other sums secured by the Property; and FOURTH the <br />remainder, if any, to the person or persons legally entitled thereto in the order of <br />their priority. <br />The Beneficiary shall have the right to become the purchaser at any sale held by any <br />Trustee or substitute or successor or by any receiver or public officer, and Beneficiary shall have <br />the right to credit upon the amount of the bid made therefor, to the extent necessary to satisfy <br />such bid, the Obligations owing to Beneficiary, or if Beneficiary holds less than all of such <br />indebtedness the pro rata part thereof owing to Beneficiary, accounting to all other beneficiaries <br />or noteholders not joining in such bid in cash for the portion of such bid or bids apportionable to <br />such nonbidding beneficiary or noteholder. <br />Notwithstanding anything to the contrary herein, Beneficiary agrees that Beneficiary will <br />not exercise any rights or remedies it may have under the Loan Documents with respect to the <br />Trust unless the Department is seeking remedies from Beneficiary or Trustor or enforcing an <br />event of default against Beneficiary or Trustor; provided, however, that Lender shall not be <br />prohibited from requiring Trustor to cure any non -monetary default prior to the Department <br />seeking any remedies from Beneficiary or Trustor or enforcing an event of default against <br />Beneficiary or Trustor. <br />9. Remedies Not Exclusive. Trustee and Beneficiary shall each be entitled to <br />enforce payment and performance of any indebtedness or obligations secured by this Deed of <br />Trust and to exercise all rights and powers under this Deed of Trust, under the Note, under any <br />of the Loan Documents, or under any other agreement with Trustor or any laws now or hereafter <br />in force; notwithstanding some or all of such indebtedness and obligations secured by this Deed <br />of Trust may now or hereafter be otherwise secured, whether by mortgage, deed of trust, pledge, <br />lien, assignment or otherwise. Neither the acceptance of this Deed of Trust nor its enforcement, <br />by court action or pursuant to the power of sale or other powers contained in this Deed of Trust, <br />shall prejudice or in any manner affect Trustee's or Beneficiary's right to realize upon or enforce <br />any other security now or hereafter held by Beneficiary or Trustee in such order and manner as <br />they or either of them may in their absolute discretion determine. No remedy conferred upon or <br />reserved to Trustee or Beneficiary, is intended to be exclusive of any other remedy in this Deed <br />of Trust or by law provided or permitted, but each shall be cumulative and shall be in addition to <br />every other remedy given in this Deed of Trust or now or hereafter existing at law or in equity or <br />by statute. Every power or remedy given to Trustee or Beneficiary by the Note, this Deed of <br />Trust or any of the Loan Documents, or to which either of them may be otherwise entitled, may <br />
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