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<br /> C. Upon d�lault by TRIIBTOA in t.h� psya�nt o! iad�bt�dn�o s�aurrd
<br /> hwnby or in th� parloraanos o! any aqr�nt b�r�und�r,
<br /> BEHBFIC=11RI88 nsy daala�n all �u� Mottr�d hosyby i�diat.�ly
<br /> dw and payabi� by d�liv�ry to TAUSTSE o! vri�tuid�claration
<br /> ; o! �lault. _! BEt�t6FiCi71RI88 d�sir� �e�id prop�rtY to b� soid,
<br /> tb�y �hall d�po�it with TR08T81! tbia D�ed o! 7.'rust and all
<br /> - proaissoryr►ot�a and doaua�nts �v14�nainQ �xp�nditusw s�aur�d
<br /> t�s�by, aad �haii dwliv�r to TR08T88 a �ncitt�n Hotias o!
<br /> D�tauit and �i�otion to ce�u�� anid propsrty to b� solA in �u
<br /> lora r�quir�d by lav, whioh �hali b� dutly lilad !or r�cord by
<br /> TAU8TB8.
<br /> ".�ra
<br /> � j (1) �tor ths lepsa o! auah ti�e as aay ba r�quir�d by law
<br /> - ., . (pr�aontiy beiay ons (i) aonth loilowing the raaorQation
<br /> o! said Notiae o= Detault), Natiae o! D�lault aad Notia�
<br /> a::�.'".;;::.•;�. o! 8alo having been given as raqqirod by law, TRUBTRB,
<br /> � �-� :r���:�,7;;�'�' without deasnd on TRUBTOR, ahall aall said prop�rty on
<br /> �: a.�.���: : � the dato and at tha t3ao and plaas ds�ignated in said
<br /> � x�.,��:;�; .�` : � Not1c� o! Sala, at public auctian to the higb�st bidd�r,
<br /> �,,����y���:� u ��1.:. the purohaas rice
<br /> . �,:.:��;:.:,;,. ., ' Statoe a�t the time�o!�aala� The ul aoney o! tha Rnitad
<br /> . peraon aonduoting tho
<br /> � " . � s�le may, !or any aauoe he deems expadiant, poatpon4 the
<br /> . ,'� ' � � ��:;;;5,�.;�.- aal� fros tima to time until it shall ba aoopiatad and ia
<br /> . � �. •��� ��_ every auch caae, notiae o! poatponnment sti�ll bo qiv� by
<br /> �,�``�� publia dea].�ration theraoP by auah paroon at the tlaw and
<br /> 'a .. , .''s�'1t;;;
<br /> ,' , �. `';;;:;�.�;°,,; plaae last apgointsd for the Qale= prov�dad, i! tha aalo
<br /> ;,��• °• ':..< p is postponad !or longer tLan ona (1) day bayond the da�y
<br /> . ��ff;;':`';, daaignat4d in the Notias oP Sale, notiaQ thsreo! aball bo
<br /> ;��,!;.;�� `�' � qiven in the same mannor as the original Notice o! Bals.
<br /> ��;-;�s.;�:_,;:..':.,., , TROSTSi� shall ex�aute and deliver to ths purchaeer his
<br /> �'�-- ,. • � osad aonvaying said property oo soid, but without any
<br /> ��' ��" °������' aovenant or warranty, express or implied. The reaitals
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<br /> f°''. - , '',';�.�t.�.:;':;".� in ttxe Deed of any matters or faats sball be aonalusive
<br /> � � � � � '���" pxoof oP the truthfulnesg thereoP. Any person, inaluding
<br /> ��:,_'.,...:.. : .. ..:. .. �
<br /> �' �•.;�•��..��,..:•. � . HENEFICTARIEB, may purahase at the sale. TRUSTOR horeby
<br /> . ;'� ;`���`:�:�:� : . •.��;;r.� aovenants to warrant and defend the �itle oP the above
<br /> -�, �.:,,:�,,.,,. ;.. :,
<br /> '�,.,',C;;;:...;:,.:'� property to purahaeer at salo.
<br /> ��' � •�"�',r.3.�;�,�;:���`��.��� D. When the TRUSTEE sells ths trust propgrty pursuant to ths
<br /> ' powers granted herein, the TRUSTE� shall apply the proaeeds
<br /> � °' �. • lror� the eale of suah property i� the following order of
<br /> �.� � .. priurity:
<br /> ��� . .
<br /> � �� ' (1) To the aost and expense oP exeraising the power of sale
<br /> � and of the sale, 3ncluding attorney PBes, evidenae of �� �
<br /> title and other sale expenses, and a trustee•s fes �ot to
<br /> �r, • � exaeed four peraent (4�) of the gross Bale pricet
<br /> � ' � (a) To the payment of the obligatfon seaured by this Desd of
<br /> � .�; �.• Trust ar�d Truat Deed Note i
<br /> � T '','" 3 To the paymen� of unior Trust Deeds, mortgages, or other '�R�'
<br /> {�,' � � � lienholders t j
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<br /> ;,�, (4) The balance, if any, to the person or persons legally �
<br /> 1�'� sntitled thereto.
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<br /> ' ; ±• . � R. Upon the occurrence of any defanit hereunder, HBNEFICIARIES
<br /> �;+�;�: ' � ��, •�;�:; ',�` shall have, in addition to such other options as may be
<br /> '��•�' ' granted herein, the further option to forecloss this Deed of
<br /> � Trust 3n the maru�er y
<br /> ' ��;���: :, � prdvided b law for forealoaurea o!
<br /> ,�; r, r,,'�;�:' ��, mortgages on real pxoperty. ' ,
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<br /> ;�,' ,� F. BEI�EFICIARIES may from timo to t3me substitute a suaaessor or
<br /> _..-�: �;1: , - �uvv�sors zo any •ricuair�8 nam�d 'nerein or aaLing iiereuncier.
<br /> . �. ;,, , Upon �such appointment, and without aonveyance to the sucaessor
<br /> ��,
<br /> `; �� � TRUSTL�, the latter �hall be vested wil:h all title, powers,
<br /> ��•.;;;' � . and duties conferred upon any TRUSTEE herein named or aating
<br /> ` � � � � . horeund�r. Eaah suah appointment and subatitution shall be
<br /> j , mad� by written instrument and exeauted by BENEFICIARIES,
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