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80006804
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Last modified
1/14/2010 3:32:06 AM
Creation date
1/14/2010 3:31:55 AM
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DEEDS
Inst Number
80006804
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fit)--- tip(;~£s~4 <br />Trustor covenants and agrees that a failure to make any <br />gayment, either grincipai or interest on the note secured <br />hereby when due and payable, or a failure to comply with any <br />of the covenants and agreements herein made shall cause the <br />whole sum o€ money hereby secured to became due and collect- <br />ible at once at the option of the Beneficiary, and Beneficiary <br />shx+li have the right to cause Notice of Default to be given <br />aaa the premises to be saki as provided herein. <br />Zt is mutually agreed that. <br />A, At any time and from time to time upon written <br />request of Beneficiary, payment of fees and pres- <br />entation of this Trust Deed and the note for <br />endorsement (in case of full reconveyance, for <br />cancellation and retention), without affecting the <br />t i abil i ty of any person far the pay:-tlent o€ ties <br />indebtedness, Trustee may (a) consent to the <br />making of any map ar plat of. said property; (b) <br />join in granting any easement or creating any <br />restriction thereon; (c} loin in any subordination <br />or other agreement affecting this Trust Deed or <br />the lien ar charge thereof.; (d} reconvey, without <br />warranty, all or any part of said property. <br />H. The Grantee in any reconveyance may be described <br />as "the person or persons entitled thereto," and <br />the recitals therein of any matters or facts shall <br />be conclusive procf of the truthfulness thereof. <br />C. Upon default by Trustor. in the payment of any <br />indebtedness secured hereby or in the performanc4 <br />of any agreement irereunaer, 6ene>iciarv may cie- <br />Clare all sums secured hereby immediately due and <br />payable by deliverer to Trustee of written declara- <br />tion cf default.. ;f Rene€iciary desires said <br />property to be s'Gid, it. sha7.l. deposit with Trustee <br />obis Trust Dead and all {;romi.ssory Hates and <br />du4nts aviu~n•~i.rbgAxperbditure€ secured beer-hy, <br />and shall deliver to Trustee a written natiee <br />default and election to cause said property to~be <br />sold in the form required by law, which shall be <br />duly film for record by Trustee. <br />(1) After the lapse of such time as may be re- <br />quired by law following the recordation of <br />said notice of default, and notice of default <br />and notice of sale having been given as <br />required by law, Trustee, without demand on <br />Trustor, shall sell said property an the data <br />and at the time and place designated in said <br />notice of sale, at ruhlic auction tcs the <br />highest bidder, the purchase Brice payable in <br />lawful money of the United Status at the time <br />of sale. The person conducting the sale may, <br />far any cause he deems expedient, postpone <br />the sale from time to time until it shall be <br />completed and, in every su4h case, notice of <br />pcstponnt shah be given by public declara- <br />tion thereof by such person at the time and <br />place last agpainted for +_he sale; provided, <br />if the sale is postponed for longer than one <br />il) day beyond the day designated in the <br />1'19 t,1 c#a c_+f 3atp_ nn_tinn r'tir..-oac ~,~,,, <br />- -- - ~. m...-v ._..z.acv ~iaw -. ~ yl'.YGIi <br />in the same manner as the original~natiee of <br />sale. Trustee shall execute and deliver tc <br />the purchaser its Deed cenveyinq said prc- <br />gerty so sold, but without any covenant or <br />warranty, expres9 or implied. The recitals <br />in tine t3esd of any ,..attars 3r fasts shall ~e <br />~~ _ <br />
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