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<br /> L' '` ��'i�.)ft �'. ...t���}t� ���,r *..A�:t �rfF���pr, V� �' , � � . • �.0 .
<br /> IQ ' �h%d� "' .w,...o.iltnn'y.tiO�Yl l�
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<br /> as Hanefici.ary mny determine. The eaterl.ag
<br /> upon aad taking posseeaioa of the truet as-
<br /> �ate, the aollea�ion of auah reata, issues
<br /> aad profits and +appliaation thezeuf as afore-
<br /> e�f.d shall �za� ausce aP ws�i�o uay dofault os
<br /> notiae o� default hereuuder os invalidate aay
<br /> aat aad iu response to euch default or pureu-
<br /> ant to suoh aotiae of default and, not�ith-
<br /> standing the �ontinuaaae ia posseaBion of the
<br /> pr�perty or the aolleotion, reaeipt aad ap-
<br /> piica�ion of reats, issues or profite, Trus-
<br /> zee or Beneficiary may be entitled to exer-
<br /> aie�e enery riqht pravided for ia aay of the
<br /> loan inatrua�eats or by law upon oaaurrenae of
<br /> any eveat of default, inaludinq the right to
<br /> ��,
<br /> exercisa the power of ealef
<br /> ;�c;��r��";�% ,. (b) aommence oa aation to forealose
<br /> ��''�";;iF:�.� tbi.e Deed of Trust as a mortgage, appoiut a
<br /> � �j''."� "• reaeiver, or apecifi�ally eaforae any of the
<br /> J'" �'�;�,�{�_s+ aovenants hereaf;
<br /> :.:�.� : .., -�;..
<br /> �r�`° �:��-.,;';rt� :J; (a) deliver to Trustee a writtett deala-
<br /> - "� �� - " ration of default and demand for sale, aad a
<br /> �i� `- � � " written notice of default aad election to
<br /> j���.
<br /> ::Y, ::• . ,
<br /> - . aause Trustors iaterest ia the Property to �=..�,.,
<br /> � • • be sold, whiah notice Trustee ehall cause to �� •=�
<br /> be duly filed for reaord in the offiaaal rec- �" �'�
<br /> .';�r.
<br /> . ,. � ords of the aouaty ia wbich ihe Psop��ty ia ;��
<br /> .� ' located. �`::k
<br /> :� ��4.
<br /> '4 - 13. �orealosu�e by Poweac of 3ale. Should Beneficiary elect �;i;'.
<br /> to forealose by exercise of the power of eale h�rein aontaiaed,
<br /> �� .1 Henefiaiary ahall aotify Traistee aad shall deposit with Truetee
<br /> ��,�-�- ;����t'�� _ . this Deed o� Tzuet aad the note and suah recsefpts and evideaae of
<br /> _ - ` � expendituree made and seaured �ereby as Tsustee �ay require, and :
<br /> ��• • upon requeSt of the Benefiaiary, the Trustee shall file for rec-
<br /> ,.
<br /> �" ord, ia the Reqister of Deeda offia� in the County where the
<br /> �' Property is located, a notiae of default, setit3nq forth the aame
<br /> ",°�,-,:::;;_ `'�:;:,'.�-''�� of tho Trustor, the Book and Paqe or pocument No. of this Deed �f
<br /> •-�� �.���-: Truat as recorded in said Regfster of Deeds offiae, the leqaL de-
<br /> a�:� •;���• �.�_� eaription of the above-described real estate and that a breach of
<br /> ' . ' an obliqation, foz which said real estate was coaveyed as seau-
<br /> . . . ��.;�,{.: � � rity, has occurred, and setting fosth the aature ef suah breaah
<br /> and the Triastees election to aell the real estate to eatisfy the
<br /> �.;„�,,�,,. � obligatioa= and after the ].apse of aot less than oae (1) moath,
<br /> the Truetee shall qivo written notice of the time and place of
<br /> ��'� � sale which may bo betweea 9s00 a.m. and 5s00 p.m. at the premi-
<br /> •�'' � '"':� isea, or at tihe Courthouse ia the Couaty wherein such Property is
<br /> �` 'k� ��':;;` loaated, describinq the Property to be sold by its leqal descrip- °
<br /> �' 4....;��,.
<br /> . �. . � tion, eaid notice to be publishefl in a newspaper of qeneral cir-
<br /> .;±��,:,-�,:. , aulation in the County wherein euch PropBrty is loaated, onae a �
<br /> �� weel� for five (S) consecutive weeka, the last publication to be
<br /> ~ `?:��:�, at leaet ten (10) days, but not more thaa thirty {30) days, prior
<br /> ' " � `�`'�%��' � to the salef and the Trustee ahall thea sell sa3d Property at the
<br /> '' � ;''{:;`, :�� � tiate axtd plaae des3.qaated in the notice, in the manner provided
<br /> ,A,,.
<br /> � � . by law 3n effect at the t3me of filing said notiae, at publia
<br /> '�`. � auction to the hfghest bidder for caeh aad shall deliver to such I
<br /> ��-'�.�� �� ��' �, purchaser a deed to the Property sold, aoneistent with the law in {
<br /> `,° �;' effeat at tho time. �
<br /> �i.:.. � ..if.� I
<br /> Upoa receipt of payment of the price bid, Trustee shall de-
<br /> liver to the purahaser, Trustees deed conveyinq tAe Property �
<br /> �. . .. sold. Recitals in the Trustees deed shall be prima facie evi- �
<br /> � dence of the truth of the statements made thereia. Trust�e ahall
<br /> � apply the proaeeds of the sale ia the followinq ordars (a� ta
<br /> � . " al1 reaeonable aoats and exp�nees of the sale, faaZudinq but not ��
<br /> „ 13.m9.ted to, Trustees fees of not more than 1.58 of the qross
<br /> . sale price, reasonable attorney fees and costs of title evideacef � "
<br /> '. � ' � (b) to all sums eecured by this Deed aF Truat; and (a) the ex- i
<br /> � " aese, if any, to the person or persons leqally eatitled thereto. i" �
<br /> �y. I
<br /> �`' , � � ' C i .
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