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200111222
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200111222
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Last modified
10/14/2011 12:01:33 PM
Creation date
10/20/2005 10:59:12 PM
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DEEDS
Inst Number
200111222
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200111222 <br />Trust or the lien or charge thereof; (e) reconvey, without <br />warranty, all or any part of said property. <br />B. The grantee in any Deed of Reconveyance may be described as <br />"the person or persons entitled thereto," and the recitals <br />therein of any matters or facts should be conclusive proof of <br />the truthfulness thereof. <br />C. Upon default by TRUSTOR in the payment of indebtedness <br />secured hereby or in the performance of any agreement <br />hereunder, BENEFICIARIES may declare all sums secured hereby <br />immediately due and payable by delivery to TRUSTEE of written <br />declaration of default. If BENEFICIARIES desire said <br />property to be sold, they shall deposit with TRUSTEE this <br />Deed of Trust and all Promissory Notes and documents <br />evidencing expenditures secured hereby, and shall deliver to <br />TRUSTEE a written Notice of Default and election to cause <br />said property to be sold in the form required by law, which <br />shall be duly filed for record by TRUSTEE. <br />(1) After the lapse of such time as may be required by law <br />(presently being one (1) month following the recordation <br />of said Notice of Default), Notice of Default and Notice <br />of Sale having been given as required by law, TRUSTEE, <br />without demand on TRUSTOR, shall sell said property on <br />the date and at the time and place designated in said <br />Notice of Sale, at public auction to the highest bidder, <br />the purchase price payable in lawful money of the United <br />States at the time of sale. The person conducting the <br />sale may, for any cause he deems expedient, postpone the <br />sale from time to time until it shall be completed and <br />in every such case, notice of postponement shall be <br />given by public declaration thereof by such person at <br />the time and place last appointed for the sale; <br />provided, if the sale is postponed for longer than one <br />(1) day beyond the day designated in the Notice of Sale, <br />notice thereof shall be given in the same manner as the <br />original Notice of Sale. TRUSTEE shall execute and <br />deliver to the purchaser his Deed conveying said <br />property so sold, but without any covenant or warranty, <br />express or implied. The recitals in the Deed of any <br />matters or facts shall be conclusive proof of the <br />truthfulness thereof. Any person, including <br />BENEFICIARIES, may purchase at tr.e sale. TRUSTOR hereby <br />covenants to warrant and defend the title of the above <br />property to purchaser at sale. <br />El <br />
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