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~Q-- X04242
<br />counsel of its awn choosing and the advice of such counsel shall be full and
<br />complete authorization and protection in the respect of any action taken or
<br />suffered by it hereunder in good faith and in reliance thereon; (d} Truckee
<br />shall not be liable for any action taken by it in good faith and reasonably
<br />believed by it to be authorized or within the discretion or rights of pavers
<br />conferred upon it by this Deed of Trust.
<br />13. If Trustor shall breach any covenant or agreement of Trustor in
<br />this Deed of Trust, including the covenants to pay when due the Note or any
<br />other sums secured by this Deed of Trust, Beneficiary, at Beneficiary's op-
<br />tion may declare all of the sums secured by this Deed of Trust ko be immedi-
<br />ately due and payable without further demand and maq invoke the power of sale
<br />conferred herein upon Trustee and any other remedies permitted by applicable
<br />law. Lender shall be entitled to collect all reasonable costs and expenses
<br />incurred in pursuing the remedies provided in this paragraph, including, but
<br />not limited to, reasonable attorney's fee.
<br />If the power of sale is invoked, Trustee shall record a notice of de-
<br />fault in each county in which the Trust Property or some part thereof is locat-
<br />ed and shall mail copies of such notice in the manner prescribed by applicable
<br />law to the persons prescribed by applicable law. After the lapse of such time
<br />as may be required by applicable law, Trustee shall. give public notice of sale
<br />to the persons and in the manner prescribed by applicable law. 'Trustee, with-
<br />out demand on Trustor, shall sell the Trust Property at public auction [o the
<br />highest bidder at the time and place and under the terms designated in the
<br />notice of sale in one or more parcels and in such order as Trustee may deter-~
<br />none. Trustee may postpone sale of all or any parcel of the Trust Property
<br />by public announcement at the time and place of any previously scheduled sale.
<br />Beneficiary or Beneficiary's designee may purchase the Trust Property at any
<br />sale.
<br />Unon receipt of payment of the price bid, Trustee shall deliver to the
<br />purchaser Trustee's deed conveying the Trust Property sold. The recitals in
<br />the Trustee's deed shall be prima facie evidence of the truth of the statements
<br />wade therein. Trustee shall apply the proceeds of the sale in the following
<br />order: {a} not limited to, Trustee's fees, reasonable attorney's fees and costs
<br />of title evidence; (b} to all sums secured by this Deed of Trust; and (c) the
<br />excess, if any, to the person or persons legally entitled thereto.
<br />14. Trustor expressly covenants and agrees _e pay and discharge all
<br />costs, fees and expenses of this Trust, including, in the event of sale by the
<br />Trustee of the Trust Property, the Trustee's costs, expenses and fees.
<br />15. If Trustor shall sell or convey the Trust Property, or any part
<br />thereof, or any interest therein, or shall be divested of its title, nr any
<br />interest therein, in any manner or way, whether voluntarily or involuntarily,
<br />without the written consent of Beneficiary being first had and obtained, Ben-
<br />eficiary shall have the right, at its option, to declare any indebtedness or
<br />obligations secured hereby, irrespective of the maturity date specified in
<br />any note evidencing the same, immediately due and payable wiehout notice, and
<br />said debt shall thereupon become absolute. If the ownership of the Trust
<br />Property, or any part thereof, becomes vested in a person other than the
<br />Trustor, Beneficiary and Trustee may, without notice to the Trustor, deal
<br />with such successor or successors in interest with reference to this Deed of
<br />Trust and the debt hereby secured as with the Trustor, and may forbear to
<br />sue or may extend time for payment of the debt hereby secured without dis-
<br />charging or in any way affecting the liability of the original Trustor here-
<br />under, ar apon the debt secured.
<br />16. Trustor will pay to Trustee and to the Beneficiary, respectively:,
<br />upon demand, the amounts of all sums of money which either shall have paid ~~r
<br />expended in curing any default of Trustor under this Deed of ,Trust, together
<br />with interest upon each of said amounts, until paid, from the time of expendi-
<br />ture thereo€, at the rate of interest specified in the Note. A11 of said sums
<br />shall be due and payable, together with interest aforesaid, immediately upon
<br />the advancement thereof. Neither Trustee nor Beneficiary shall he under any
<br />obligation, however, to cure any default of Trustor.
<br />17. In case 'Trustor shall well and truly perform its obligations under
<br />this Deed of Trust, and pay or cause to be paid the debt evidenced by the Note
<br />and all other moneys agreed to be paid by it under the terms, provlsions and
<br />
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