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<br />I <br /> <br />83it05J50 <br /> <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 securi ty, exceed one hundred percent <br />(100%) of the original principal amounts secured hereby. <br /> <br />14. Remedies Cumulative. All remedies provided in this Trust <br />Deed are distinct aii,icumulative 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 /> <br />15. AccelerationLRemedies; Sale. Upon defaul t 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 illunediately due and payable by delivery <br />to Trustee of wri tten dec larat ion of defaul t. 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 expendi tures 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 /> <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 day 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 at the <br />sale. <br /> <br />(b) When Trustee sells pursuant to the powers herein, the <br />Trustee shall fi rst apply the proceeds 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 the Trustee in the <br />rendition of his duties and the Trustee shall be entitled <br />to hire such attornies as he may see fit, including any <br />finn with which Trustee may be associated, and then to the <br />items in subparagraph (c) in the order there stated. <br /> <br />(c) After paying the items specified in subparagraph (b) if <br />the sale is by Trustee, or the proper court and other <br />costs of foreclosure and sale if the sale is pUI'suant to <br />judiCial foreclosure, the pt"oceeds of sale shall be <br />applied in the order stated to the payment of: <br /> <br />(1) Cost of any evidence of title procured in connection <br />with such sale and of any revenue stamps; <br /> <br />,5- <br />