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83006537
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Last modified
11/20/2008 10:09:26 AM
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11/20/2008 10:09:26 AM
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DEEDS
Inst Number
83006537
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<br />r <br /> <br />82,--1106537 <br /> <br />r <br /> <br />publication to be at least ten (l 0) days, but not more than <br />thirty (30) days, prior to the sale; and the Trustee shall then <br />sell said property at the time and place designated in the <br />notice, in the manner provided by law in effect at the time of <br />filing said notice, at public auction to the highest bidder for <br />cash and shall deliver to such purchaser a deed to the property <br />sold, consistent with the law in effect at the time. <br /> <br />Upon receipt of payment of the price bid, Trustee shall <br />deliver to the purchaser, Trustee's deed conveying the property <br />sold. Recitals in the Trustee's deed shall be prima facia evi- <br />dence of the truth of the statements made therein. Trustee shall <br />apply the proceeds of the sale in the following order: (a) to <br />all reasonable costs and expenses of the sale, tn~u4~q but not <br />limited to, Trustee's fees of not more than ~fI 6f"'~e gross <br />sale price, reasonable attorney fees and costs of title evidence; <br />(b) to all sums secured by this Deed of Trust; and (c) the <br />excess, if any, to the person or persons legally entitled <br />thereto. Any person, including Beneficiary, may purchase said <br />property at said sale. <br /> <br />The person conducting the sale may, for any cause he or she <br />deems expedieI'!t, postpone the sale from time to time until it <br />shall be completed and, in every such case, notice of postpone- <br />ment shall be given by public declaration thereof by such person <br />at the time and place last appointed for the sale; provided, if <br />the sale is postponed for longer than one (1) day beyond the date <br />designated in the notice of sale, notice thereof shall be given <br />in the same manner as the original notice of sale. <br /> <br />13. Remedies Not Exclusive. Trustee and Beneficiary, and <br />each of them, shall be entitled to enforce payment and <br />performance of any indebtedT'pss or obligation secured hereby and <br />to exercise all rights and powers under this Deed of Trust or <br />under any loan instrument or other agreement or any laws now or <br />hereafter enforced, notwithstanding some or all of the ir."''oted- <br />ness and obligations secured herebv which may now or herea: ter be <br />otherwise secured, whether by mortgage, deed of trust, pledge, <br />lien, assignment or otherwise. Neither the acceotance of this <br />Deed of Trust nor its enforcement, whether by court action or <br />pursuant to the power of sale or other powers herein contained, <br />shall prejudice or in any manner affect Trustee's or Beneficiary's <br />right to realize upon or enforce any other ~ecurity now or here- <br />after held by Trustee or Beneficiary, it being agreed that <br />Trustee and Beneficiary, and each of them, shall be entitled to <br />enforce this Deed of Trust and any other security now or here- <br />after held by the Beneficiary or Tru~tee in such order and manner <br />as 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 other <br />remedy herein or by law provided or permitt.ed, but each shall be <br />cumulative and shall be in addition to every other remedy given <br />hereunder or now or hereafter existing at law or in equity or by <br />statute. Every power or remedy given by any of the loan instru- <br />ments to Trustee or Beneficiary or to which either of them may be <br />otherwise entitled may be exercised, concurrently or independently, <br />frOlll time to time and as often as may be deemed expedient by <br />Trustee or Beneficiary, and either of them may pursue inconsistent <br />remedies. Nothing herein shall be construed as prohibiting Bene- <br />ficiary from seeking a deficiency judgment against Trustor to the <br />extent such action is permitted by law. <br /> <br />L <br /> <br />14. Re~uest for Notice. Trustor hereby requests a copy of <br />aoy notice 0 default and that any notice of sale hereunder be <br />mailed to Trustor at the address set forth in the first paragraph <br />of this Deed of Trust. <br /> <br />IS. Appointment of Successor Trustee. Beneficiary may, <br />from time to time, by written instrument executed and <br />acknowledged by Bener iciary, mailed to Trustor and recorded in <br />the County in which the property is located and by otherwise <br />cOlllplyinc; with t.he provisions of the dpplicable law of the State <br /> <br />-5- <br />
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