Laserfiche WebLink
<br /> <br />and at the time and place designated in said <br />notice of sale, at public auction to the <br />highest bidder, the purchase price payable in <br />lawful abney of the IInited States at the time <br />of sale. The person cozuiucting the sale may, <br />for any cause he deems expedient, postpone <br />the sale from time to time until it shall be <br />completed and, in every such case, notice of <br />postponement shall be given by public declara- <br />tion thereof by such person at the time and <br />glace last appointed for the sale; provided, <br />if the sale is postponed for longer than one <br />(1} day beyond the day designated in the <br />notice of sale, notice thereof shall be given <br />in the same manner as the original notice of <br />sale. Trustee-shall execute and deliver to <br />the purchaser its Deed conveying said pro- <br />perty so sold, but without any covenant or <br />warranty, express or implied. The recitals <br />in the Deed of any matters or facts shall be <br />conclusive proof of the truthfulness thereof. <br />Any person, including Beneficiary, may pur- <br />chase at the sale. <br />(Zl Then Trustee sells pursuant to the Bowers <br />herein, Trustee shall apply the proceeds of <br />the sale to payment of the casts and expenses <br />of exercising the power of sale and of the <br />sale, including the payment of Trustee's fees <br />actually incurred, which Trustee's fees shall <br />not in the aggre.-3ate exceed the following <br />amounts based upon the amount secured hereby <br />and rermaining unpaid: five per centum on the <br />first $10,f~00.Q0 thereof, three per centum on <br />the balance thereof; and then to the items in <br />subparagzaph (31 in the order there stated. <br />(3) After paving the items specified in subpara- <br />graph (.~.) if the sale is by Trustee, car the <br />proper court and other costs of forec3osure <br />and sale if sale is pursuant to ;udicial <br />foreclosure, tte proceeds of sale shall be <br />a~oliPd ir_ t~=~= order stated to the pavment <br />of <br />(a) cost of any evidence of title procurer3 <br />in connection with such sale and of any <br />tax on the conveyance; <br />tb) All sums then secured hereby; <br />(cI Ail expenses of upkeep, maintenance, and <br />utilities incurred in connection with <br />such sale; <br />(d) The remainder, if any, to the person or <br />persons legally entitled thereto. <br />D. [fpon the occurrence of any default hereunder, <br />Beneficiary sha31 have the option to foreclose <br />t(11s ~t ~@Ed in t~iS I3n~Y jSr~#~ilt~Ee~ fay lain ion <br />ttte foreclosure of rx~artgages on real property, <br />~, ~neficiary may from t%xne to time substitute a <br />sucees~z or successors to any Trustee nam~sd <br />herein or acting hereunder. Jpon such app€~int- <br />atent, and ioithnut conveyance to the successor <br />firuatee, the l~ette.r shall be created with all <br />titlia, pai~rers, and duties conferred upon any <br />TrutC+s~ herein Hamad or acting hereunder . Bacft <br />.. 3 <br />