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<br />".~; ; 84i- 004738
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<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 security, exceed one hundred percent
<br />(100%) of the original principal amounts secured hereby,
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<br />14. Remedies Cumulative, All remedies provided in this Trust
<br />Deed are distinct and cumulative 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.
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<br />15, Acceleration; Remedies; Sale, Upon default 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 immediately due and payable by delivery
<br />to Trustee of written declaration of default. 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 promisor ,-y notes and documents
<br />evidencing expendi tures secured her..,' J' and shall deliver to
<br />Trustee a written notice of defa c and election to cause the
<br />Property t:o be sold, and the Trus tee in turn shall prepare a
<br />similar Notice in the form required by law, which shall be duly
<br />filed for record by Trustee.
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<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.
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<br />(b) When Trustee sells pursuant to the powers herein, the
<br />Trustee shall first 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 />firm with which Trustee may be associated, and then to the
<br />items in subparagraph (c) in the order there stated,
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<br />(c)
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<br />Aft.er paying t.he items specified in suboara"rfmh (b) if
<br />the sale is by Trus tee, or t he proper' cou;t :'md - o'ther
<br />costs of foreclosure and sale if the sale is pursuant to
<br />judicial foreclosure, the proceeds of sale shall be
<br />applied in the order stated to the payment of:
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<br />(i) Cost of any evidence of title procured in connection
<br />with such sale and of any revenue stamps;
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