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<br />84 - 003018
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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 0r Eeneficiary :;:ay 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 />(b)
<br />this Deed
<br />receiver!
<br />covenants
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<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
<br />decl~ration of default and demand for sale,
<br />and a written notice of default and election
<br />to cause Trustor's interest in the property
<br />to be sold, which notice Trustee shall cause
<br />to be duly filed for record in the official
<br />records of the county in which the property
<br />is located.
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<br />13. Foreclosure bv Power or Sale. Should Beneficiary elect
<br />to foreclose by exerci.se of the power of sale herein contain.ed-,'
<br />Beneficiary sha.ll r:nt~ify Trustee and shall deposit with Trus'tee
<br />t.his Deed of Trust: and t"he note and such receipts and eviden-ce of
<br />expenditures :nade ,-lnd ~~ecur.ed hereby as Trustee may require, and
<br />',Jpon 1-4ecuest of ~he :~,~ w~iiciary t the Trustee shall file for
<br />:-{~-cord, :._n the PeGlsr.er of :Jeeds office .in the County \'lhere the
<br />propert_y 1S _Q(.[~tf~d1 a :lot:c-e '-'1.[ default, ~etting forth the name
<br />,-::-.f '~_he T:'ustcr, t:-,0:- ;;oo;~ i1r1d Paqe or Document No. of t,his Deed of
<br />"?,::-l.~St 3S !^ecc.:.-ried :_;"l - dJd Fer.ii tcr c-,f Deeds office, the legal
<br />L:1eSCrlptlon ::d ::he dbov~,-described real estate and that a bre:,a-ch-
<br />c!f dn ob:!.i lon~ :'cr ',.;hich ~~aid re~l f:state Y,'as convey_ad as-
<br />security, s :;ccun-'C'o, "no settinq forth the nature of such
<br />br(."dch <:~nd thf~ Trt:.ste'21 S t::lcc-r:i.Ori to sell the, real esta,te to
<br />~~,3:l1-sfy t::;(~ c:.bl~qt)L::_on; 3nd ,:ift:Br the lapse of not less than one
<br />{I) f~1onthl the Tru~"i-tce 'Sho1ll qi'vc written notice of the time a-nd
<br />p.1i1CE' ()f ::-;al(~ \';:--11C["; ~1LiY ~je '-)l~th'-een 9~?O a.m. a.nd ? p.m~~ at the
<br />~)r at ,he :::"'cu.t'tt'icuse in the \.:ounty .....here~n .sucn pr'ope,r'ty
<br />-1e:!:f,c'::11:1.~\q thi:; prf;pet.ty t:o be sold by it-s_ leg__al
<br />~;d.l.('l nGtl.ce ~_G be published in a newspap-e,r of
<br />ral ci;:"(:."ula.tlUrl ".. the COU!1ty \.;he-rein such property is
<br />, once a ....reek :'or fi'fe (5) consecutive ',.;ee,Ks, the l.ast
<br />pUtJl~cRtH)n ~'C be ,." ;€l-liSr ten {lO) days" but not more than
<br />thirty \30) d,~ysr ;.?ris,r to t.he sal~~; and the Trustee shall then
<br />~~(:.ll sa.td pr-oP~t.r-t_y ,Jt the time ,:lnd 'place desiqnated ill the
<br />r,otlce, iL the ;T;dnrtt~.r !_u:w\lided by law l.n effect at the time of
<br />filing sa :1()t:ice, at. p\lhlic iiuc,tion to the highest bidder for
<br />cash and shall deliver ~o such purchaser d deed to the property
<br />sold~ ::--onsistent \-1.1th th(:~ ILlW 1;1 effect at the time.
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<br />U{Jon receiot ()f L!t:i\'ment of the or'ice bid~ Trustee shall
<br />dell\'cr t.Q t.he purchasel~ i ':'rustr-:-e' s d~ed conveying the property
<br />~old. Recltals i~ the Trustee's deed shall be prima facie evi-
<br />~ence of the truth of ~t)e :.tatcments ~ade therein. Trustee shall
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<br />apply the proceeds of ;:he sale In t.h~ follo'...Jing order: (a) toO
<br />all reasonable costs ~nd expenses of the s~le, including but not
<br />l:mited tOl Trusteels fees of not more than 3.0 \ of the gross
<br />slJ_le price, reasonable attorney fCE:S and costs of-title evidence;
<br />{oj t.o all sum$ secured by this Deed of Trust; and {c} the
<br />excess, if any, to the: person or persons legally entitled thereto.
<br />Any person, inclu.ding Beneficiary, may pu:cchase said property at
<br />$,aid $alE!~
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<br />Th~ pe-:r:f,i.-on conduct-lng the ,sale may, for any C.t'l'USC he or she
<br />de~m$ Ox.,pc';t:dient, postp,one t_he sale fr()m t..l_rne t,o time unt.il it
<br />shall be (:ompl~tet;,i and I in every such Ct~se 1 not ice of postpone-
<br />ment: shall be qiven by public declaration thereof by such person
<br />?It the tltrle .:.1na plac~ last appoi.nted for the sale; provlded! 11
<br />the F~ale i3 postpon-ed fox longer than Qne {I) day beyond tnt>-: dste
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