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<br /> the date and at the time ar�d place designat�d in eaid }=
<br /> rioLice vi Bale, �►i: LJL11UI11: auc�io;. t� tr+� high4�iNt bidder, -
<br /> the purchaee price payable in lawful money of the Ux�ired .�.
<br /> Statee at �he ta.me of eale. The pereon cc�aducting the
<br /> �ale m�y, £�x' any cause he d�eme expedien�, po�tpone �he �-�
<br /> �ale from t:lme to timQ unt�.l it eha].1 be aomple�ed and in
<br /> every aucxi cac�e, notice uf poatponement ahall be given by -
<br /> public declaration thereof by auch person at the time and
<br /> place lae� appointed for the eale; provided, if the eale �_
<br /> ie po�tponed �or longer tihan one (1� day beyond the day
<br />. de�iqxiated in th� Notice of Sale, notice thereo£ ehall be
<br /> given in the same manner aa the orig�.nal Notice of �a�e.
<br /> TRUST�EE ehall execute and deliv�r to the purchaAer hia
<br /> Deed conveying aaid property so eald, but without any
<br /> covenant or warranty, expres� ox implied. The recitale
<br /> in the Deed o� any mattexa or facts sha11 be conclusive
<br /> proof of the truthfulneea thereof. Any pereon, including
<br /> BFNEFIGIARY, may purGhnae at the aale. TP.USTORS kae�e�iy . -
<br /> cov�nant to warrant and defend the tit1� of the above
<br /> prop�xty to purcha�er at sale.
<br /> D. wl��n th� TRU9TEE sella the trust property pureuant to the
<br /> povuers grani:ed herein, the TRUSTEE ehall apply the proceede
<br /> from the sale of auch property in the following order of
<br /> priority:
<br /> (l) To the cost and expense of exercieing the power of �a1e
<br /> and of the sale, including attorney fees, evidence ot
<br /> ����� ��� �rr�Ar Aai A Px�pnae�, and a truatee�e fee not to
<br /> exceed Eour perc�nt (4�) of the gro�e eale priceJ
<br /> t� ) To the payment of the obligation secured by thie Deed of
<br /> Trust and Trust Deed Note;
<br /> (3 ) To the payment of �unior Truet Deede, mortgages, or other
<br /> lienhaldere;
<br /> � (4 ) The balance, if any, to the pereon or pereone �egally
<br /> entitled thereto.
<br /> E. Upon the occurrence of any defaul� hereunder, BEN�FICIARY
<br /> ohall have, in addi�ion to such other optians ae may be
<br /> granted herein, the £urther opti.on to foreclose thie Deed of
<br /> ' � Truet in the manner provided by law for foreclosurea of
<br /> , mo rtgages an real property.
<br /> F'. HENLFICIARY may from time to time eubstitute a euccessor or
<br /> gu�+cceesore to any TRU3TEE named herein or acting hereund�x.
<br /> Upon auch appoi.ntment, and withoutc conveyance to the suceessor
<br /> TRUSTE�, �the latter ahall be veeted with all title, powere,
<br /> aiad dut�e� conferred upon any TRUSTEE herein named or ac�ing
<br /> . hereunder. Each such appointmer�� and eubstitution ehall be
<br /> made by written inetrument an.d execu�ed by BENEFTCSARY,
<br /> containing reference to thie Deed cf Truet and ite place of
<br /> record, which, when recorded in the off�.ce of tk�e Reg.ieter of
<br /> De�d6 oY the county or countiee in which said property ie
<br /> sxtuated, ehall be concluaive proof of proper appointment of
<br /> tl:��; e�ucceseor TRU�TEE. Th� foregoing power of eubstitution -�
<br /> a�z�the procedure therefor aha11 not be exclusive of the power
<br /> and procedure provided for by law for the eubeti�ution of a
<br /> TRUST'EE in the place of t,he TRUSTEE named h�rein.
<br /> rs TATi.CTC)A.Q e-nvpnan� and aQree th�t upon anv attemAt�d
<br /> � convEyance, aeai.gnment, pledg� or tranefer of any of their
<br /> in�er.es� in the premieee duxing the t�rm of the loan securea
<br /> hcreby, the BENEFICIARY aha�1 have the optian of dec].aring the =
<br /> ur�pai.d balanc� immediately due and payable, and if eaid aum
<br /> remaine unpaid f.or fifteen (15) daye thereafter, BENEFICIARY -
<br /> can cauae Noticz of Default to be given and the premieee be '
<br /> sold a� provided herein. `
<br /> -3- `
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