200804263 - Laserfiche WebLink

Browse

200804263 lawful money or the United States at the time of sale. The person conducting the sale may, for any cause he deems expedient, postpone the sale trom time to time until it shall be completed and in every such case, notice of pOSLponement :;;hall be given by publi<:: decla.ration thereof by suc;h person at the time and place last appointed for the sale; provided, if the sale is postponed for longer th~n One (1) day beyond t.he day designated in the Notice of Sale, not.ice thereof shall be given in the same manner as the original Notice of Sale. TRUSTEE shall execute and deliver to the purchaser a Deed conveying said property so sold, but wit.hout Any covenant or w...rranty, e}(;press or implied. The recital$ in the Deed of any matters or fact.s shall be conclUSive proor of the truthfulneSB thereof.. Any person, including BENEFICIARY, may purchase at the sa.le. TRUSTeRS herwby covenant to warrant anc:l defend the title of the above prope:z;-ty to the purchaser at sale. D. When the TRUSTEE selle the truse property pur.l;luant to the powers granted herein, the TRUSTEE Shall apply the proceeds from t.he sale or such property in the fallowing orc:ler of priority, (1) TO the coat and expense of exercising of the sale, inCluding attorney fees, other sale expenses, and a trus;tee' S Percent (2*~) of the grose sale price; the power of sale and evidence of title and fee: not to exoeed Two (2) To the payment of the obl.igation secured by this Deec:l of Trust and Trust Deed Note, (3) TO the pa.yment of junior Trust Deeds, mortg_ges or other lienholders, (4) The balance, if any, entitled thereto. to the person or persons legally E. upon the occurrence of any c:lefaul thereunder, BENEFICIARY ..hall have, in addition to such other opt.ions as may be granted herein, the further opt.ion to roreclo!!le this Deed of Trust in the manner provided by 1aw for foreclosures or mortgages on real property. F. BENEFICIARY may from time to time substitute a successor or successors to any TRUSTEE named herein or acting hereunc:ler. Upon such appointment, and without conveyance to the successor TRUSTEE, the latter shall be vested with all title, power~ and duties conrerred upon any TRUSTEE herein named or acting hereunder. Each such appointment and ..ubstitution Shall be made by written instrument and executed by BENEFICIARY, containing reference to t.h~5 Deed or Trust and its place or record, which, ~hen racoraed in the office o~ the Register o~ Deeds of the county or countie~ in whiCh said property is ",ieuated, shall be conClusive proof ot: proper appointment o~ the successor TRUSTEE. The foregoing power or ~ubst1tution and the procedure therefore shall not be exclusive of the power and procedure provided for by law for the substit.ution of a TRUSTEE in ~he place o~ the TRUSTEE named he~ein. G. nUS TORS covenant and agree that upon any attQmpted conveyance, a.sl!lignment I pledge or tranerer or any ot: their interest in the premises during the tsrm o~ the loan ~ecured hereby, the BENEFICIARY shall have the option of declaring the unpaid balance immediately due and payabls, and if said sum remains unpaid for Ten (10) days therea~ter, BENEFICIARY can cau&e Notice of Derault. to be given and the premises be Bold as provided herein. H. ~ addit.ional and COllateral oecurit.y for the loan, and effective forthwith upon filing of a Notice of Default, thil!l instrumsnt sh~ll serve as an assignment by the TRUSTORS to the TRUSTEE, of all rents and revenues reSUlting from the property, and TRUSTEE is authorized to take posse~sion of the property, rent or lease the same on terms he deems best <<ad to collect the rents anc:l revenues and apply the -3-