Laserfiche WebLink
`1 <br />A <br />85-- 003921 <br />Beneficiaries, and entail no responsibility on the <br />part of the Beneficiaries. <br />Trustor covenants and agrees that a failure to make any payment, <br />either principal or interest on the note secured hereby when due and pay- <br />able, or a failure to comply with any of the covenants and agreements herein <br />made shall cause the sum of money hereby secured to become due and collectible <br />at once at the option of the Beneficiaries, and Beneficiaries shall have the <br />right to cause Notice of Default to be given and the premises to be sold <br />as provided herein. <br />It is mutually agreed that: <br />A. At any time and from time to time upon written request of <br />Beneficiaries, payment of fees and presentation of this <br />Trust Deed and the note for endorsement (in case of full <br />reconveya°,ce, for cancellation and retention), without <br />affecting the liability of any person for the payment of the <br />indebtedness, Trustee may (a) consent to the making of any <br />map or plat of said property; (b) join in granting any <br />easement or creating any restriction thereon; (c) join in <br />any subordination or other agreement affecting this Trust <br />Deed or the lien or charge thereof; (d) reconvey, without <br />warranty, all or any part of said property. <br />B. The Grantee in any reconveyance may be described as "the <br />person or persons entitled thereto," and the recitals therein <br />of any matters or facts shall be conclusive proof of the <br />truthfulness thereof. <br />C. upon default by Trustor in the payment of any indebtedness <br />secured hereby or in the performance of any agreement here- <br />under, Beneficiaries may declare all sums secured hereby <br />immediately due and payable by delivery to Trustee of written <br />declaration of default. If Beneficiaries desire said property <br />to be sold, it shall. deposit with Trustee this Trust Deed <br />and all promissory notes and documents evidencing expendi- <br />tures secured hereby, and shall deliver to Trustee a written <br />notice of default and election to cause said property to be <br />sold in the form required by law, which shall be duly filed <br />for record by Trustee. <br />(1) After the Lapse of sucis time as may be required by <br />law following the recordation of said notice of de- <br />fault, and notice of default and notice of sale having <br />been given as required by law, Trustee, without demand <br />on Trustor, shall sell said property on the date and <br />at the time and place designated in said notice of sale, <br />at public auction to the highest bidder, the purchase <br />price payable in lawful money of the United States <br />at the time of sale. The person conducting the sale <br />may, for any cause he deems expedient, postpone the <br />sale from time to time until it shall be completed <br />and, in every such case, notice of postponement shall <br />be given by public declaration thereof by such person <br />at the time and place last appointed for the sale; <br />provided, if the sale is postponed for longer than <br />one (1) day beyond the day designated in the notice of <br />sale, notice thereof shall be given in the same manner <br />as the original notice of sale. Trustee shall execute <br />and deliver to the purchaser its Deed conveying said <br />property so sold, but without any covenant or warranty, <br />express or implied. The recitals in the Deed of anv <br />matters or facts shall be conclusive proof of the truth- <br />fulness thereof. Any person, including Beneficiaries, <br />may purchase at the gale. <br />(?) When Trustee sells pursuant to tine powers herein, Trustee <br />Nh+sll apply the proceeds of the sale to payment „f <br />the cost% and expenses; of oxercising the power of ;,Ile <br />and of the wale, IisrlisdinK the ha} °merit f fru�;(er'�; <br />M <br />