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RE- RECORDED p—, 1010$$ <br />87- X00992 <br />this Deed of Trust and any other security now or hereafter <br />held by Beneficiary or Trustee in such order and manner as <br />they or either of them may in their absolute discretion <br />determine. No remedy herein conferred upon or reserved to <br />Trustee or Beneficiary is intended to be exclusive of any <br />other remedy herein or by law provided or permitted, but <br />each shall be cumulative and shall be in addition to every <br />other remedy given hereunder or now or hereafter existing at <br />law or in equity or by statute. Every power or remedy <br />provided hereunder this Deed of Trust to Trustee or Beneficiary <br />or to which either of them may be _otherwise entitled; may be <br />exercised, concurrently or independently, from time to time <br />and as often as may be deemed expedient by Trustee or Beneficiary <br />and either of them may pursue inconsistent remedies. Nothing <br />herein shall be construed as prohibiting Beneficiary from <br />seeking a deficiency judgment against the Trustor to the <br />extent such action is permitted by law, <br />11. Transfer of the Property; Assumption. If all or <br />any part of the Property or any interest therein is sold, <br />transferred or conveyed by Trustor without Beneficiary's <br />prior written consent, excluding (a) the creation of a lien <br />of encumbrance subordinate to this Deed of Trust, (b) the <br />creation of a purchase money security interest for household <br />appliances, (c) a transfer by devise, descent or by operation <br />of law upon the death of a joint tenant or (d) the grant of <br />any leasehold interest of one (1) year or less not containing <br />an option to purchase, Beneficiary may, at Beneficiary's <br />option, declare all the sums secured by this Deed of Trust <br />to be immediately due and payable, or cause the Trustee to <br />file a notice of default. <br />12. Acceleration upon Default; Remedies; Sale. Upon <br />default by Trustor in the payment of or performance of the <br />terms and conditions of the Note, or any renewals, modifications <br />or extensions thereof, or the payment of any other indebtedness <br />secured hereby or in the performance of any of the covenants <br />or agreements hereunder, Beneficiary may declare all sums <br />secured hereby immediately due and payable and the same <br />shall thereupon become due and payable without presentment, <br />demand, protest or notice of any kind. Thereafter, Beneficiary <br />may deliver to Trustee a written declaration of default and <br />demand for sale. TRUSTEE SHALL HAVE THE POWER OF SALE OF <br />THE PROPERTY and if Beneficiary decides the Property is to <br />be sold it shall deposit with Trustee this Deed of Trust and <br />the Note or notes a-rid any other documents evidencing expenditures <br />secured hereby, and shall deliver to Trustee a written <br />notice of default and election to cause the Property to be <br />sold, and Trustee, in turn, shall prepare a similar notice <br />in the form required by law which shall be duly filed for <br />record by Trustee. <br />(a) After the lapse of such time as may be required <br />by law following the recordation of Notice of Default, and <br />Notice of Default and Notice of Sale having been given as <br />required by law, Trustee, without demand on Trustor, shall <br />sell the Property in one or more parcels and in such order <br />as Trustee may determine on the date and at the time and <br />place designated in said Notice of Sale, at public auction <br />to -the highest bidder, the purchase price payable in cash in <br />aa_'u' <br />.,�:�� money a= the united states at the time of sale. The <br />person conducting the sale may, for any cause he or she <br />deEns expedient, postpone the sale from time to time until <br />it shall be completed and, in every such case, notice of <br />postponement shall be given by public declaration thereof by <br />such person at the time and place last appointed for the <br />sale; provided, if the sale is postponed for longer than one <br />(1) day beyond the day designated in the Notice of Sale, <br />notice thereof shall be given in the same manner as the <br />original Notice of Sale. Trustee shall execute and deliver <br />I <br />