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<br /> information, drafte of assumption documents, title ineurance
<br /> � endorsement or policy commitment and other documentation reasonably
<br /> rsquir�d by the holder to coneider the aoaumption. If the holder
<br /> - doee not provide written notification to Trustor of ite objection
<br /> - -------- to auch aasumptitin within fffteen (15) days after receiving euch
<br /> ____---�"� informai�ion, the holder will be deemed to have approved such _ ,, _
<br /> - assumption. Upon the approved aesumption of the NoGe by such
<br /> --- purchaser, the Truetor shall be releaaed frcm all further liability
<br /> ==�� under the Note without further action or documentation.
<br /> ..�_�_..�_��_..:..��� ei e,.Qti on Uoon DefaL�G• Remedies s _sale. The failure
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<br /> __ by the Trustor to make any payment or to perform any of tne terms
<br /> _p..,.:�#� : and conditions of the Note, or any renewals, modificationa or
<br /> extensions thereof within any applicable grace or cure periad, or
<br /> �"' "���•� � the paycnent of any other indebtedriess secured hereby or in the
<br /> -� .,�`,�'.
<br /> _ ��• performance of any of the covenanta or agreemen�a hereunder within
<br /> � fifteen (15) daya after Beneficiary providea notice to Trustor of
<br /> • �� '"��� �_'��� the occurrence of auch default shall be a breach of this agreement
<br /> . � � -� � and the Beneficiary may declare a default and may d�clare a12 sums
<br /> - . =�`` ' �secured hereby immadiately due and payable and the same ahall
<br /> � '��'���-�~'-� ''�~�' ' thereupon due and payable without presentment, demand, protest or _
<br /> �"' "'"'` " notice of any kind; subject, however, to the ri ht of the Trustor
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<br /> . , to refnatate the obligation as provfded by law. After
<br /> ,r acceleration, Beneficiary may deliver to Trustee a written
<br /> •� ��r°�'�'`�� declaration o£ default and demand for eal�. Truetor agreea and
<br /> � •'• ��i��'� ` ���� hereby grante that the Trustee shall have the power of sale of the
<br /> ' ��'"�"�': � 1� x•. Pro ert and if Beneficiary decidea the Property is to be sold it
<br /> � ' �� '�� '� ahall deposit with Trustee this Deed of Trust and the Note or notes _
<br /> ,,g :=_______ and any other documents evidencing expenditures secured hereby, and =
<br /> - -- --- --- sha11 deliver to Trustez a writtan no�icc of defsuZt and election
<br /> to cause the Property to be sold, and Trustee, in turn, ahall ,.,.-
<br /> prepare a aimilar notice in the form required by law, which sha1Z �",�
<br /> . • be duly filed for record by Truatee.
<br /> � � (a) After the lapse of such time as may be required by law ��
<br /> „ following the recordation of Notice of Default, and ����
<br /> , � Notice of Default and Notice of Sale having been given as ` �t
<br /> ��- required by law, Trustee , without demand on Trustor,
<br /> � � shall se11 the Property in one or more parcels and in
<br /> � �� + auch or.der as Trustee may determine on the date and the •
<br /> � , time and place designated in said Notice of Sale, at
<br /> ' public auction t� the higt-iest bidder, the purchase price
<br /> a able in lawful money of the United States at the time �.
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<br /> of sale. The person conducting the sale may, for any
<br /> . cause he or she deems expedient, postpone the sale from t
<br /> � • time to time until it shall be completed and, in every !
<br /> ' � , such case, notice of postponement shall be given by ,
<br /> . � public declaration thereof by such person at the time and
<br /> ; , place ].ast appointed for the sale; provided, if the sale
<br /> . ' is postponed for longer than one (1) day beyond thc day
<br /> ; ,,,�� designated in the Notice of Sale, notice thereof shall be
<br /> given in the same manner as the original Notice of Sale.
<br /> , Trustee shall execute and deliver to the purchase its
<br /> � , ; � Deed conveying the Property so sold, but without any
<br /> covenant or warranty, express, or implied. The recitals
<br /> :_ � in the Deed of any matters or facts shall be conclusive
<br /> �'� , proof of the truthfulnes� thereof. Any person, including
<br /> . , � without limitation Beneficiary or Truste�, may purchase
<br /> . at the sale.
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<br /> � (b) When Trustee sells pursuant to the powers tierein, Trustee
<br /> shall apply the proceeds o� the sale to payment of the
<br /> ._ �_ _ _ costs and expenses of exercising the power of sale and of
<br /> _,..�t ..L_ 7 :4...�.. rL... ent �f
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<br /> � ' `Trustee's Fees incurred, which trustee's Fees shall not
<br /> in the aggregate exceed t he following amounts based upon
<br /> � . � 1 the amount seciired hereby and remaining unpaid: 5
<br /> �. , �. percentum on the balance thereo�; and then to the items
<br /> � 1 in subparagraph (c) in the order there stated.
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