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<br /> (3) AFTER PAYIN(3 THE ITEMS SPkC1PtED IN SUSPARA(iRAPH �2) IF THE
<br /> SALE IS BY TRUSTEE. OR THE PROPER COURT AND OTHER COSTS OF FORECLOSURE
<br /> AND SALE IF SALE IS PURSUANT TO JUDICIAL FORCCLOSURE• TH[ PROCEEDS OF
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<br /> SALE SHALL BE APPI.IED IN THE ORDER STATED 1'0 THE PAYMENY OFi
<br /> (A) REASONASLE COST OF ANY EVID�NCE OF TITLE PROCURED IN
<br /> CONNECTION WITH SUCH SALE AND OF ANY TAX ON THE CONVEYANCE.
<br /> lB) Al.L SUMS THEN SECURED HEREBY�
<br /> (C1 THE REMAINDER, IF ANY, TO TNE PERSON O�R PERSONS LEGALLY
<br /> EHITIl'lED THERETO.
<br /> ,,�:� A. UPON TF9� OCCURRENCE OF ANY DEFAULT NEREUHDER� BENEfICIARY
<br /> .�.,, SMALL HAVE THE �v�''lION TO FORECLOSE THIS TRUST DEED IN THE MANNER
<br /> _ �s ' ? �.= ���'�: PROVIDED BY LAW FOR THE FORECLOSURE OF MORTGAGES ON REAL ESTATE.
<br /> • ^in,�t+.^s1.7;k'u�=�'
<br /> �� ���'� -: •� '' ;� E. BENEFICIARY MAY FROM T1ME TO TIME SUBSTITU7E A SUCCESSOR OR
<br /> "�.<<•. "'''�,^�`";"�;.,� SUCCESSORS TO ANY TRUSTEE NAMED HEREIN OR ACTING HEREUNDER. UPON SUCF1
<br /> �. ���� ''��`�''+�""`•'- APPOINTMENT AND WITHOUT RECONVEYANCE TO THE SUCCESSOR TRUSTEE, '�'N�
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<br /> � ,, , z; ;;• �.ATTER SNALL BE VESTED WITH AL.L TITI.E� POWERS AND DUTIES CONFERRE�
<br /> � ' ^ <<� UPON ANY TRUSTEE HEREIN NAMED OR ACTING HEREUNDER, EACH SUCH
<br /> ' � � ``"�" APPOINTMENT AND SUBSTITUTION SHALL BE MADE BY WRITTEN iNSTRUMENT AND
<br /> �� �. '" EXECUTED BY BENEFICIARY, CONTAINING REFERENCE TO TH1S TRUST DEED AND
<br /> f " ' '�., aN-� '"'„`'�' ITS PLACE QF RECORD� WHICH� WHEN RECORDED IN THE OFFICE OF THE
<br /> ', REGIST�R OF DEEDS OF THE COUNTY OR COUNTaES IN WH1CH SAID PROPERTY IS
<br /> '";�` �� S 1 i UA1�fiJr SHAIL �it GUNl:LUSI VE PItUUF 1.��' ►'K�'�'tit API'U I N 1 MEM` Uh 1 hE
<br /> �i_�•�r ' _ ; SUi.CESSi•� 7RUSTEE� THE FOREGOTNG PQW�R ^��� SUBSTITUTION .RtVD THE
<br /> '�' � ! '� PROCEDURE THERE'OF SHALL NOT BE EXC�USIVE �F THE POWER ANb QRO'CEDURE
<br /> . •�.,,� ., ;
<br /> ' >•ROVIDED FOR BY LAW FOR THE SUbSfITUTION OF A TRUSTEE IN THE PLACE OF
<br /> f :, � • ' -� 1ME 1RUSTEE NAMED HEREIN.
<br /> ' � � . ;� F . TRUSTORS COVENANT AND AGREE THA7 UPON ANY CONVEYANCE.
<br /> � '. �� ASSIGNMENT OR TRANSFER OF THEIR INTEREST It� THE PREMISES DURING THE
<br /> �' TE:RM OF THE TRUST UEED PROMISSORY NOT[ SECURED HEREBY, WITHOUT 7HE `•�:.��
<br /> �j+`'• WRITTEN PERMISSION OF THE SAID BENEFiCIAF2Y� THE BENEFICIAkY SNALL MAVE J
<br /> ,�j�� TNE UPTION OF D�CLARING THE UNPAiD BAL�tu�E IMMEDIATELY DUE AND
<br /> r ,:'� � ,?!� PAYABLE, AND IF SAID SUM REMAINS UNPAID FOR FIFTEEN DAYS THEREAFTER, ^���
<br /> � "'• �CNEFICIAF2Y CAN CAUSE NOTICE OF DEFAULT T4 BE GIVEN AND TH� oREM1SES ,v�
<br /> ,: I , ..,"i'��I 6E SOLD AS PROWIDED HEREIN� '.:��
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<br /> ,'•�:`' :� . AS A�DITIONAL A�� r.a;.;.ATCRAL SCCURI;'� F�R THE 1RU�T UEED ��
<br /> , r'ROMISSORY NOTE AND EFFf�TIVE FORTHWtTH UPON � t� ING OF A NOT[CE OF -
<br /> �':�s�;.� UEfAULT , THIS iNSTRUMENT SHALI. �ERVE A� ��� ,',`.,CI��NMENT BY THE fRUSTORS ��
<br /> • ,, �'��:ti•, r0 THE iRU�TEE, OF ALL RENT; AfiD REVENUE� RE���LTING FROM THE PROPERTY �, b
<br /> ' ,,��.'•, _ ��, aNU IRU>7EE I5 AUTHORIZED Tu TAKE POS::F.�Gluri ut T��E f�ROPERTY , RENT OR � ;.
<br /> .; �: �•'�,f.� 1.EA�E THE SAME ON TERMS HE DEEMS BE:;T ANU TO COL�ECT 7HE RENTS AND
<br /> '• ��� ' ' "�:: RL�:EN�E� AND APPLY THE SAME UPON UNPA 1: : :�T ERE�T , f'f� 1 Nl:i l�AL , 1 AXES OF2 � .�
<br /> � � �`' IN''.URA`.C� PREMIUMS OR FC+R MAINTENANC� �ti: PRE'",f:RVATIUN UF THE
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<br /> '� �.�;_�• � � � �,•,;�:i�� t:. .".ENEFICIARY IS h�EP.E51 ��� :.:'aNED ALL ( uMl�tr�:;Af IuN , AWAF:L�S � '
<br /> ! �J:,,' . .••:�� GAHAGE:. �.`.�� OTHER PAYMEt�"'G �R RFL:�F l -,:UEI ��AFTER `FRuCErL�;," ) lP�
<br /> ��� �:uNEC; .. S 1�:TM CONDEMNr, : ;V i�p l�TtiEK 'r,•� Ir�„ ��r IHE �'ROf' cRTt OR Pt.Rl �
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<br /> . ,1''��' . � ' ' � THEF;fGF , uP °•:?R CONVEYAh,:2 IN �.1EU VF CUNpEMr�ATI �,t: . BEP��FJ ��ARY �HALI
<br /> �,;, ,� t.E Ef�TtTLED i.T 1"'S OPTIUN Tu '_:�PtAIEVCE , �I'I cAP ;N ANL PP" ;,,,i'.'7E ] �, 1"I:, �
<br /> �� . ' uwu N�i�E Anr ACZtON OR PRUCEEL:�.�� , nuL �HALI. AL:;u BE EP.';"Lf�� 'r( �`".Af:E
<br /> � � nNY ''.:'•�• :yII:.E OR SETILEMENT IP� �.ONn� "'] ���• W1�H �U�H 'a� l+.G _�r� .l,�►�.6:. . '. ,'.
<br /> � l�� Tr; Q�GNT At�Y PORTION OF THF F'Rv"rE�- ;� ;0 TAI.Ft� ' = :ey��_�-. '
<br /> :�_ _� tSE��E� [�_;ai�'t LHAL� NAVE THE tiF': . '., !t� I�:, �uL� At�U AE.:.._ .iE � �
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<br /> '� Cn;i7,ri AtuL� F�cf���u'�ES iNC11RRED '. + [i 1 N .��^�h��:':," :� WI1'H SUCH f'RUC.EEDS �
<br /> ' � UPUN ANY tN�I�BTEDNEJJ '�ECUR�U' MEREE�Y .�i•3L :N :,U��H ORDER AS BENEFICiARY
<br /> M��Y DETERMINE OR TO AWP��• AI.L SUCH I�RL�:E�L� , Ar1ER DEDU�TION� . TU THE
<br /> � RE.;TURaTION OF THE PROPERTr I�PON $UCH �.:����Utr[r�NS a;; bENEF [CtAR� Mar
<br /> � + LETERMINE . ANY APPLICATION UF PF2UCEED:, T�) Ii�P.E6TEDNESS SHALL NUT
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