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202504374
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Last modified
8/8/2025 11:06:41 AM
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8/8/2025 11:06:40 AM
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DEEDS
Inst Number
202504374
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202504374 <br />(b) Commence an action to foreclose this Deed of Trust as a mortgage, <br />appoint a receiver, or specifically enforce any of the covenants hereof; or <br />(c) Deliver to Trustee a written declaration of default and demand for <br />sale, and a written notice of default and election to cause Trustor's interest in the <br />Property to be sold, which notice Trustee shall cause to be duly filed for record in <br />the official records of the county in which the Property is located. <br />13. Foreclosure by Power of Sale. Should Beneficiary elect to foreclose by exercise <br />of the power of sale herein contained, Beneficiary shall notify Trustee and shall deposit with <br />Trustee this Deed of Trust and the note and such receipts and evidence of expenditures made and <br />secured hereby as Trustee may require, and upon request of the Beneficiary, the Trustee shall file <br />for record, in the Register of Deeds office in the County where the Property is located, a notice <br />of default, setting forth the name of the Trustor, the Book and Page or Document No. of this <br />Deed of Trust as recorded in said Register of Deeds office, the legal description of the above - <br />described real estate and that a breach of an obligation, for which said real estate was conveyed <br />as security, has occurred, and setting forth the nature of such breach and the Trustee's election to <br />sell the real estate to satisfy the obligation; and after the lapse of not less than one (1) month, the <br />Trustee shall give written notice of the time and place of sale which may be between 9:00 a.m. <br />and 5:00 p.m. at the premises, or at the Courthouse in the County wherein such Property is <br />located, describing the Property to be sold by its legal description, said notice to be published in <br />a newspaper of general circulation in the County wherein such Property is located, once a week <br />for five (5) consecutive weeks, the last publication to be at least ten (10) days, but not more than <br />thirty (30) days, prior to the sale; and the Trustee shall then sell said Property at the time and <br />place designated in the notice, in the manner provided by law in effect at the time of filing said <br />notice, at public auction to the highest bidder for cash and shall deliver to such purchaser a deed <br />to the Property sold, consistent with the law in effect at the time. <br />Upon receipt of payment of the price bid, Trustee shall deliver to the purchaser, Trustee's <br />deed conveying the Property sold. Recitals in the Trustee's deed shall be prima facie evidence of <br />the truth of the statements made therein. Trustee shall apply the proceeds of the sale in the <br />following order: (a) to all reasonable costs and expenses of the sale, including but not limited to, <br />Trustee's fees of not more than 1.5% of the gross sale price, reasonable attorney fees and costs of <br />title evidence; (b) to all sums secured by this Deed of Trust; and (c) the excess, if any, to the <br />person or persons legally entitled thereto. Any person, including Beneficiary, may purchase said <br />Property at said sale. <br />The person conducting the sale may, for any cause he or she deems expedient, postpone <br />the sale from time to time until it shall be completed and, in every such case, notice of postpone- <br />ment shall be given by public declaration thereof by such person at the time and place last <br />appointed for the sale; provided, if the sale is postponed for longer than Forty -Five (45) days <br />beyond the date designated in the notice of sale, notice thereof shall be given in the same manner <br />as the original notice of sale. <br />14. Remedies Not Exclusive. Trustee and Beneficiary, and each of them, shall be <br />entitled to enforce payment and performance of any indebtedness or obligation secured hereby <br />6 <br />
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