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202501810
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Last modified
4/10/2025 3:50:10 PM
Creation date
4/10/2025 3:48:40 PM
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DEEDS
Inst Number
202501810
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202501810 <br />the performance of any of the provisions hereof, Trustor agrees to deliver such rents and, <br />deposits to Beneficiary. Delivery of written notice of Beneficiary's exercise of the rights granted <br />by this paragraph THIRD to any tenant occupying the Property or any portion thereof shall be <br />sufficient to require said tenant to pay said rent to Beneficiary until further notice <br />FOURTH: If there shall be filed by or against the Trustor any petition or proceeding <br />seeking any arrangement or composition or extension of any other relief under or, pursuant to the <br />Federal Bankruptcy Code or any other similar statute as is now or hereafter in effect, or if the <br />Trustor shall be adjudicated bankrupt or insolvent or any of Trustor's property shall have been <br />sequestered and such decree shall have continued undischarged and unstayed for ninety (90) <br />days after the entry thereof, then the whole of the Note and indebtedness hereby secured shall, <br />without notice, at the option of the Beneficiary become due and payable. <br />FIFTH: Upon default by Trustor in the payment of or performance of the terms <br />and conditions of the Note, or any renewals, modifications or executions thereof, the payment of <br />any other indebtedness secured hereby or in the performance of any agreement, covenant or <br />warranty herein contained or set forth in any agreement or instrument executed by Trustor in <br />connection with the indebtedness hereby secured, Beneficiary may declare all sums secured <br />hereby immediately due and payable and the same shall thereupon become and payable without <br />presentment demand, protest or notice of any kind. Thereafter, Beneficiary may deliver to <br />Trustee a written declaration of default and demand for sale. Trustee shall have the power of <br />sale of the Property and if Beneficiary decides the Property is to be sold, it shall deposit with <br />Trustee this Deed of Trust and the Note or notes of any other documents evidencing expenditures <br />secured hereby and shall deliver to Trustee a written notice of default and election to cause the <br />Property to be sold, and Trustee, in turn, shall prepare a similar notice in the form required by <br />law, which shall be duly filed for record by Trustee. <br />(a) After the lapse of such time as may be required by law following the recordation <br />of Notice of Default, and Notice of Default and Notice of Sale having been given as required by <br />law, Trustee, without demand on Trustor, shall sell the Property hereinbefore described, and any <br />and every part thereof, in separate parcels or en masse as the Trustee may elect and in such order <br />as Trustee may determine on the date and at the time and place designated in said Notice of Sale, <br />at public auction to the highest bidder, the purchase price payable in cash in lawful money of the <br />United States at the time of sale. The person conducting the sale may, for any cause he or she <br />deems expedient, postpone the sale from time to time until it shall be completed and, in every <br />such case, notice of postponement shall be given by public declaration thereof by such person at <br />the time and place last appointed for the sale, provided, if the sale is postponed for longer than <br />one (1) day beyond the day designated in the Notice of Sale, notice thereof shall be given in the <br />
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