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85== 000407
<br />13. Future Advances. Upon request of Trustor, Beneficiary, at
<br />Beneficiary's option, prior to reconveyance of the Property to
<br />the Trustor, may make future advances to the Trustor. Such
<br />future advances, with interest thereon, shall be secured by
<br />this Trust Deed when evidenced by promissory notes stating that
<br />said notes are secured hereby; provided that at no time shall
<br />the secured principal, future advances, not including sums
<br />advanced to protect the security, exceed one hundred percent
<br />(100`10) of the original principal amounts secured hereby.
<br />14. Remedies Cumulative. All remedies provided in this Trust
<br />Deed are distinct and cumulative to any other right or remedy
<br />under this Trust Deed or afforded by law or equity, and may be
<br />exercised concurrently, independently or successively.
<br />15. Acceleration; Remedies; Sale. Upon default by Trustor in
<br />the payment of any indebtedness secured hereby or in the per-
<br />formance of any agreement hereunder, Beneficiary may declare
<br />all sums secured hereby immediately due and payable by delivery
<br />to Trustee of written declaration of default. The Trustee
<br />shall have the power of sale of the Property and if Beneficiary
<br />desires the Property to be sold, it shall deposit with Trustee
<br />this Trust Deed and all promissory notes and documents
<br />evidencing expenditures secured hereby, and shall deliver to
<br />Trustee a written notice of default and election to cause the
<br />Property to be sold, and the Trustee in turn shall prepare a
<br />similar Notice in the form required by law, which shall be duly
<br />filed for record by Trustee.
<br />(a) After the lapse of such time as may be required by law
<br />following the recordation of said 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 on the date and at the time and place
<br />designated in said notice of sale, at public auction to
<br />the highest bidder, the purchase price payable in lawful
<br />money of the United States at the time of sale. The
<br />person conducting the sale may, for any cause he deems
<br />expedient, postpone the sale from time to time until it
<br />shall be completed and, in every such case, notice of
<br />postponement shall be given by public declaration thereof
<br />by such person at the time and place last appointed for
<br />the sale; provided, if the sale is postponed for longer
<br />than (1) day beyond the clay designated in the notice of
<br />sale, notice thereof shall be given in the same manner as
<br />the original notice of sale. Trustee shall execute and
<br />deliver to the purchaser his Deed conveying the Property
<br />sold, but: without any covenant: or warranty, express, or
<br />implied. The recitals in the Deed of any matters or facts
<br />shall be conclusive proof of the truthfulness thereof.
<br />Any person, including Beneficiary, may purchase rat the
<br />sale..
<br />(b) When Trustee sells pursuant to the powers herein, the
<br />Trustee shall first apply the proceed`; of the sale to
<br />payment of the costs and expenses of exercising the power
<br />of sale and of the sale, including, the payment. of the,
<br />Trustee's fees and expenses .actually incurred, which shall
<br />include all attorney's fees incurred by they Trustee in the
<br />rendition of his duties and the Trustvv shall be entitled
<br />to hire such at.tornier, as he may sage fit, including any
<br />firth with which Truster may he associated, and than to the
<br />items in subparagraph (c) in the order there stated.
<br />(c) After paying the items, specified in subparagraph (b) if'
<br />Me We is by Trustee, or the proper tourt .atxi other
<br />costs of foreclosure and sale if the We is pursuant to i
<br />judat�a:aI fOree IosUra'. then proceed_ (if s aIv shaI I be-
<br />:app l a ed i n t he carder s tat ed t o t fit, p,ay ?IIIvnI of
<br />( 1 ) WI Of :any e v i d r i t � . ' e ' o f t i t le prn"ured in rontavct ion j
<br />with "each s,n1t. carrel tal .any rovvtaue, .banal ;;
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