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81004306
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Last modified
1/14/2010 6:59:16 PM
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1/14/2010 6:59:00 PM
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DEEDS
Inst Number
81004306
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$1---~Jtr~3~J~' <br />join in granting any easement or creating any <br />restriction thereon; (c) join in any subordination <br />or other agreement affecting this Trust Deed or <br />the lien or charge thereaf; (d) reconvey, without <br />warranty, all or any part of said property. <br />B. The grantee in any recanveyance 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 proof of the truthfulness thereof. <br />C. Upon default by Trustor in the payment of any <br />indebtedness secured hereby or in the performance <br />of any agreement hereunder, Beneficiary may de- <br />clare all sums secured hereby immediately due and <br />payable by delivery to Trustee of written declara- <br />tion of default. If Beneficiary desires said <br />property to be sold, it shall deposit with Trustee <br />this Trust Deed and all promissory notes and <br />documents evidencing expenditures secured hereby, <br />and shall deliver to Trustee a written notice of <br />default and election to cause said property to be <br />sold in the form required by law, which shall be <br />duly filed 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 cf sale having been given as <br />required by law, Trustee, without demand on <br />Trustoz, shall sell said property on the date <br />and at the time and place designated in said <br />notice of sale, at public auction to the <br />highest. bidder, the (1urchase price payable in <br />lawful money of the United States at the time <br />of sale. The person conducting the sale may, <br />far any ;:ease he deems expedient, postpone <br />the sale from time to time until it shall be <br />completed and, in every such Casa, notice of <br />postponement shall be liven by public declara- <br />ti~n thereof by such person at the time and <br />place last appointed far the sale; provided, <br />if the sale is postponed far lr~nger than cne <br />{11 day beyond the day desianated in the <br />notice of sale, notice thereaf 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 couenant ar <br />warranty, express or implied. The recitals <br />in the Deed of any matters ar facts shall be <br />conclusive proof of the truthfulness thereof. <br />Any person, including Beneficiary, may pur- <br />chase at the sale. <br />(2) When Trustee sells pursuant to the powers <br />herein, Trustee shall apply the proceeds of <br />the sale to payment of the costa and expense's <br />of exercising the power of sale and of the <br />sale, including the payment of Trustee's fees <br />adtually incurred, which Trustee's feAs shall <br />not in the aggregate exceed the fallowing <br />amounts based upon the amount secured hereby <br />and remaining unpaid; 1.5 per eentum an the <br />first $1.00 thereof, .05 per eentum on the <br />balance thereof; anti then to the items in <br />subparagraph (3) in the order there stated. <br />(3) After paying the items specified in subpara- <br />graph (1) if the sale is by Trustee, or tht. <br />3 , <br />
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