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<br /> 'f ii • . ' � . . . ti . - .
<br /> --.TY Y`�'i��•'', • � ' . . ' < •_ -
<br /> `����,=�;� . � � : � . � the rents, isgues and grogiCs therepf, including thase � , . -
<br /> -F°�}- ° : past due and unpaid, and �pply th�e same, less costs and � • _ � �
<br />,.y� .•: ��� ;F ,'� ,: . �;-`' .. ..
<br /> ��. . expenses of operation and colleation, including attorney . -4 .
<br /> �°i����`:� .'-�` ���� ' �fees; upoa any indebtedness aecured.hereby, all itt such � � ' � �
<br /> 'K:2.:.-:. .::. -r'f�... � _ . � . ._ .
<br /> �. order as Beueficiaxy may• drtermine: The er,�tering upon � � . .� � . -
<br /> ` - and taking posaes�ian of the trust estate, the collection , � '
<br /> ��°���'t• `� '" � of suC1a rents, iseues a�d profits and application thereof � _ _ _
<br /> : ��; . as afnresaid shail not .cure or raaive any default or � -_
<br /> - notice of default hereunder or invalidate any act and in
<br /> � s•;�'� response to such default or pursuant to. such notice of • '
<br /> �'�z � default and, notwithstandiag the continuance in .:�^:. ,
<br /> - - , . possession n€ the property or the collection, receipt and - � � . , .
<br /> " .. . . applicatioa of rents, issues or profi�s, Trdstees or • . •
<br /> ,.4- H�neficiary� may _be entitled to � exercise every right � �
<br /> _,�t ,:-'�;._.�}� , provided for in aay of the loan fnstru�uents or by law _ ' � c���-�
<br /> iu ��
<br /> upon occurrence of any event of defauYt, includi.ng the ,.,,;�� �_
<br />_ � �. � right tco exercise the power vf sale j . ` � �-:�--=-
<br /> t -..:�•.--=-.
<br /> - . (• ° (b) commence an action to foreclose this Desd of . �"'���
<br /> �:,;--
<br />�°�-�` � � Trust as a mortgage, appoint a receiver,. ar speci�ically `°`°."°-�'�_--
<br /> -, . , . enforce any o€ the covenants hereof; . ��Y=��-��-J�,..
<br /> :�. . �.'��`-_
<br /> � .: �:.:�_ �- -
<br /> ,�..,�:_�.—:-T_ . _ _
<br /> ... . � �.,..- - --.-----.._.-.----.. . _.... _..__..._l-c).---.deliver....to._.T�ustees..a...�itten_..decl�ration__of__..---.--..------- .-.--- . .,,,::_--.__._
<br /> .� � :� _.; default and� demand far sale, and a written notice of -�`�'y'�_-
<br /> � � '�° , default ang eleceion to cause Trustors� interest in the ��: °;�,, �-
<br /> " � .. � � property to be sold, which notice Trustees shaZl cause to �;ti�;;�
<br /> - - _ -_�:-.::� bQ duly filed for record in the officia7. records of the . -
<br /> __r ._
<br /> .� �.
<br /> , . .:� - __ . . .i - coun - �n wl��ch th -p - i� atied: _ _ __. . . _. . .. .. ,
<br /> _ .. ..t.l, • - .. e pro. e�Y. , 1.�� -.
<br /> ...,.,
<br /> �::�d:�
<br />� �: . � � � ' r.';y�'L�
<br /> �: ,:- � ' • 12. � J?o�ec�osure by Power af Sale. Should�Heneficiary ,elect ;-:;,,:..�
<br /> � ' to foreclose by exercise of the power of sale herein cc�ntai.ned, :;.:.,�
<br /> . � � • � Beneficiary shall notify Trustees and shal.l deposit with Trustees �' '��'£!
<br /> � . . � r' thi.s Deed of Trust and the note and such receipts aad evidence of �`'�
<br /> ., ; � � expenditures made and secured herek�y as �stees may require,. and -�._�•_ .�'
<br /> � � " ' upon request of the Heneficiary, the Trustees shall file for � .,,Y; i
<br /> . recard, ia the Register of Deeds Office. ia the County where the
<br /> . • property is located, a notice of default, setting forth the name of _ `����-�
<br /> . _ . the Trustors, the Book and Page or pocument No. of this Deed of . , _ -
<br /> � . . ' ,, Trust as recorded in said Regieter of Deeds office, the legal ,_ �� °�"""3—""_
<br /> ..�
<br /> . � description of the above-described real estate and that a breach of ..:;.' 1 ��=
<br />- ; • � an obligation, for whieh said real estate was convey�d as security, ::.��,� _
<br /> • has occurred, aad setting fort2� th� nature af such breach and the � • •.��=:�`•��
<br /> �''� ' �� ���°��� Truszees� election to sel2 the real estate to satisfy the '- •`-` ��
<br /> :�;:-L::-.3.=.�.. . ;•r��.: :�::_.
<br /> � obligation; and a€ter the lapse of riot less than one (1) month, the ..�.r`
<br /> ' � � •� �� - Trustees shall give written notice of the time and place of sale . T-���� "
<br /> � : ..� - which may be between 9:00 a.m. and 5:00 p.m. at the premises, or at '.:�,.�.:%:-
<br /> � the Courthouse in the County wherein such property is located, ' �,� , •
<br /> � . ' describing the property to be aold by its lega]. description, said . �"''"'
<br /> ;;,.,�. �: . notice to be published in a:newspaper of general circulation in the . �
<br /> _: . . County wherei.n sucli property is lacated, once a week for f ive (5? � :
<br /> �. consecutive weeks, the last publication to be at 'least ten (10) . .
<br /> . � days, but not more than thirty (30) days prior to the sale; and the ,
<br /> ��• �- Trustees shall then -sell safd property at the time and place � �
<br /> � �"_ �� designated in the notice, in the manner provided by law in effect � � � �
<br /> '� � . ���°�� at the time oE filing.said notice, at pubZic auction to the highest � � � �
<br /> . ` '� bidder for cash and shall deliver to such pur�haser a deed to the �� � , � �
<br /> � , �,;'-• pro�erty sold, consistent with the law in effect at the time. : .
<br /> = � . -� "�'�� Upoa� recefpt of payment of the price bid, Trustees shali �
<br /> -'� ' � . �-. ; deliver to th� purchaser, the Trustees• Deed conveying the property � .
<br /> : . ' . sold. Recitals in the Trustees' deed shaZl be prima facia evidence �
<br /> ` _ '� of the truth of the statements made therein. Trustees shall apply . ,�
<br /> ,.,,.•;r.
<br /> -. - the proceeds of the sale in the following order: (a) to all . � �
<br /> _���.:•�� �R,,.;y� � , reasonable cos�s and expenses bf the sale, including but not .�
<br /> -- - ` limited to, Trustees' fees of not more than two percent (2%) oE the ' - �
<br /> .
<br /> • � ���� � groes sale price, reaeonable attorney fees and costs of title � � �. � . �
<br /> � evidence; t1�a to all aums secured by this Deed of Trust; and (c) � • ��
<br /> � . . :....,�.:, ,
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