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<br />84 - 002546
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<br />withstanding the continuance in possession of
<br />the property or the collection, receipt and
<br />application of rents, issues or profits,
<br />Trustee or Beneficfarv mav be entitled to
<br />exercise every right provided for in any of
<br />the loan instruments or by law upon occur-
<br />rence of any event of default, including the
<br />right to exercise the power of sale;
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<br />dccl~ratian of dcf3ult ~nd demand
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<br />;: ."'..... c ~ 1 0.
<br />............ --............,
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<br />
<br />(b)
<br />this Deed
<br />receiver,
<br />covenants
<br />
<br />commence an action to foreclose
<br />of Trust as a mortgage, appoint a
<br />or specifically enforce any of the
<br />hereof;
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<br />(c) deliver to Trustee a written
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<br />and a written notice of default and election
<br />to cause Trustor's interest in the property
<br />to be sol.d, which nutice Trustee shall cause
<br />to be duly flied for record in the official
<br />records of the county in which the property
<br />is located.
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<br />13. foreclosure hv Power ot Sale. Should Beneficiary elect
<br />to foreclo~e by exercise of the Dower of sale herein contained,
<br />Beneficiary ~hall I~otify 'frustec Jnd stldll deposit with Trustee
<br />this Deed of Trust 3nd the t10te 311d surh receipts and evidence of
<br />expenditures made d_nd s~ct.:.red t>-:-rt-'hy as- Trustt::::e :r:3.Y require! and
<br />upon request of the Bt-:"netlCl.dI the "'ru5'tee ~:~,;,]ll file for
<br />record, in t:,e R\J-t11ster of <)f1~iC"e J.!l the County \,,1here the
<br />f.:!"cpcrty 1:; l~>(:ated, ._1 r<;.tlr'c' ,~l!!\.lUi.t, ~-.t:tl!lq !l)t"th the n~lme
<br />of the- Trustor-. the t1()ok and P,1t1e or Uocument ne. ct thin Dt~ed of
<br />Trust ;;19 r'e~orded 1n :-"a_.ld P0ql'~tt..:t 01 Deeds ciflce, the lC4-]dl
<br />description t the above-de::;cr lbed rt:;;ll l~stiltc and that. a breilch
<br />of dO obl19.:ltlon, tv!" \",:~llCh :-:.,11;J rei'\l ('.stdte W..l$ L'onvt:yed as
<br />securitYf hus occurI~'.~Ol .:H1~~ :;..i~tt 'o.i1'.1 forth tht:= n.....ture of such
<br />breach and the Trustee's ~'lectlon f0 sell tile rCdl estate to
<br />:satisfy the obl.tg~ltl()n; ~-tnd d~t('r t:he L::ipSt;~ of not It)SS t.han one
<br />(1) month! ~he 'l'ru:-;.t.ee t.;,r.itl1. ~_11'Jt: written nDt.V_:~;; ().f the tl,J"\f2 and
<br />place of Siil.-e Wf~1.ch ;nay be bc'twfoen 9:00 0.1':;. ,'.lnd :~ F'j.r:.":~ at the
<br />premlses, or dt the Courthous~ l~' tile County wnerein ~uch property
<br />is located, descrlblnq the i)rfjp~lty t.o be :_,u1<.1 by ltS }t!qal
<br />description, :;'~lld ri'...)t.lCf~ L-(.' F-!ubll::.;ht.~d In .'l. nt:.~w;.,p(lper c~f
<br />general clrculatlon :n the County v/heroin ~,;uch property 15
<br />.loca"ted, once a. week for flVe is} conSeCUll\."e ..,:eeks, the last
<br />publ ication to be at- least tttn {10) days, but not more than
<br />thirty (30) days, prior to the sale; and the Trustee shall then
<br />sell sa1d property dt the t.ime .0nd place t.h;si$..jnated in the
<br />notlce # ltl the manner pro\! l.ded by 1 aw in e f feet i~t the time of
<br />fil1ng said notice, a~ public nuctlun to the highest bidder for
<br />cash and shall deliver to such purchaser d deed to the property
<br />sold, consistent W1.th the law in f:frect at tht:?' time.
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<br />Upon recclpt of i'-.Ja,yment of the price bId. 'Trustee ~ihctl]
<br />deliver to th.e purchaser, Trust'-:~e' s deed conveYl.ny t.h-e property
<br />sold~ Recltals in the Trustee's Eiecd "ihall t)e DfJmJ f~lcle CVl-
<br />dence of the truth of the stdtcmeots n(ade tt)0rt~l~1. 7rust0e ~tl~ll
<br />apply the proceeds of the sdle in t:te followinq \.-.a-dt~r~ (.:d to
<br />all reasonable costs d.nd t~xp0'n::..e!:."i uf the ~,dlL::', i.rh.'ludlnq L'ut nut
<br />limited to, Trust.ee's fees uf not mt)r-e. than :-LfJ t f t.he- Gross
<br />sal-e pricC'# reasonable at.torney feps and COSL-;~~"Qr'~ title pVidt'nce;
<br />ib) to all sunu, secured by t_his Deed of Tru~:.t; dnd Ie; the
<br />ex-c-ess~ if any, to the person or F,,-ersons leqally ~ntitled t.Lert~to..
<br />'my person, includlng Beneflci,HY, milY pl.lcchi'se said property <'It
<br />said sale.
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<br />'the PE't'St)O conducting tha- :'~dlc H1.1:lY, tor d.ny Cdu.~e he Qr f~he
<br />de-ems. ex:pe-dient# t.)(Hit.pOfl"tl the ~.';dle from tHl'i.i~ t.() t 111\(:" unt t 1 1 t
<br />shall be completed 3no, 1n eveIY ~,l.lch Cdse, notlCt: of pCbtpone-
<br />milnt shall be 'liven by public decl;;ratiol) thereof by such person
<br />at the time ":id. pl-a.ce last. appoltlted tor the s.:tlei Frovbk:d, 1t
<br />th. $.1. is pO$t.poned for longer rlHIn one t l) day bCYNHl Uw da tc
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