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200900662
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Last modified
2/2/2009 3:49:43 PM
Creation date
2/2/2009 3:47:06 PM
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DEEDS
Inst Number
200900662
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<br />200900662 <br /> <br />expenses, Beneficiary's costs and the actual cost of publishing, <br />recording, mailing and posting notice; SECOND, to the cost of any <br />search or other evidence of title procured in connection therewith, <br />if applicable, and recordation and transfer taxes and other <br />charges, if any, on any release or deed of reconveyance; THIRD, <br />to the payment of all amounts secured by this Deed of Trust, and <br />all other sums due Beneficiary from Trustor; FOURTH, to all other <br />sums secured hereby; and the remainder, if any, to the person or <br />persons legally entitled thereto in the order of their priority. <br /> <br />The Beneficiary shall have the right to become the purchaser at any sale <br />held by any Trustee or substitute or successor or by any receiver or public <br />officer, and Beneficiary shall have the right to credit upon the amount of the bid <br />made therefore, to the extent necessary to satisfy such bid, the Debt owing to <br />Beneficiary, or if Beneficiary holds less than all of such indebtedness the pro rata <br />part thereof owing to Beneficiary, accounting to all other beneficiaries or <br />noteholders not joining in such bid in cash for the portion of such bid or bids <br />apportionable to such nonbidding beneficiary or noteholder. <br /> <br />The Trustee may be removed at any time with or without cause by an <br />instrument in writing executed by the Beneficiary. In case of the death, <br />resignation, removal or disqualification of the Trustee or if for any reason the <br />Beneficiary shall deem it desirable to appoint a substitute or successor trustee to <br />act instead of the herein named Trustee or any substitute or successor trustee, <br />then the Beneficiary shall have the right and hereby is authorized and <br />empowered to appoint a successor trustee, or a substitute trustee, without other <br />formality than appointment and designation in writing executed by the Beneficiary <br />and the authority hereby conferred shall extend to the appointment of other <br />successor and substitute trustees successively until the Debt finally has been <br />paid in full or until the Trust Property is sold hereunder. All references herein to <br />the Trustee shall be decreed to refer to the Trustee (including any successor or <br />substitute appointed and designated as herein provided) from time to time acting <br />hereunder. Trustor hereby ratifies and confirms any and to any and all acts <br />which the herein named Trustee or its successor or successors, substitute or <br />substitutes, in this trust, lawfully shall do by virtue hereof. <br /> <br />13. Riaht to Cure Defaults. Upon the occurrence of any Event of Default, Beneficiary <br />may, but without any obligation to do so and with reasonable notice to or demand on Trustor <br />and without releasing Trustor from any obligation hereunder, make or do the same in such <br />manner and to such extent as Beneficiary may deem necessary or advisable to protect the <br />security hereof. Beneficiary is authorized to enter upon the Trust Property for such purposes, or <br />appear in, defend, or bring any action or proceeding to protect its interest in the Trust Property <br />or to foreclose this Deed of Trust or collect the Debt, and the cost and expense thereof <br />(including attorneys' fees and expenses) with interest as provided in this paragraph, shall be <br />due upon demand from Beneficiary to Trustor. All such costs and expenses incurred by <br />Beneficiary in remedying such Event of Default or in appearing in, defending, or bringing any <br />such action or proceeding shall be paid at the Default Rate as stated and defined in the Note, <br />for the period after notice from Beneficiary that such cost or expense was incurred to the date of <br /> <br />9 <br />
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