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201003753
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6/1/2010 4:20:24 PM
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6/1/2010 4:20:23 PM
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DEEDS
Inst Number
201003753
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201003753 <br />warrant and defend the title of such purchaser or purchasers. Lender shall have <br />the right to credit bid at any such sale. <br />(iii) Trustee or Lender may sell not only the real property but also the <br />Personal Property and other interests which are a part of the Trust Estate, or any <br />part thereof, as a unit and as a part of a single sale, or may sell any part of the <br />Trust Estate separately from the remainder of the Trust Estate. Neither Trustee <br />nor Lender shall be required to take possession of any part of the Trust Estate or <br />to have any of the Personal Property present at any sale of the Trust Estate. <br />Trustee or Lender may appoint or delegate any one or mare persons as agent to <br />perform any act or acts necessary or incident to any sale held by Trustee or <br />Lender, including the pasting of notices and the conduct of sale, but in the name <br />and an behalf of Lender. If any sale hereunder is not completed ar is defective in <br />the opinion of Trustee or Lender, such sale shall not exhaust the power of sale <br />hereunder, and Trustee or Lender shall have the right to cause a subsequent sale <br />or sales to be made hereunder. <br />(iv) As may be permitted by law, after deducting all costs, fees and <br />expenses of Trustee and of this Deed of Trust, including costs of evidence of title <br />in connection with sale, Trustee or Lender shall apply the proceeds of sale (A) <br />first, to payment of all costs, fees and expenses, including attorneys' fees and <br />expenses incurred by Lender in exercising the power of sale or foreclosing this <br />Deed of Trust, (B) second, to the payment of the Obligations (including, without <br />limitation, the principal, accrued interest and other sums due and owing under the <br />Note and the amounts due and owing to Lender under this Deed of Trust) in such <br />manner and order as Lender may elect, and (C) third, to the payment of junior <br />deeds of trust, mortgages or other lienholders, and the balance, if any, to the <br />person or persons legally entitled thereto, and (D) fourth, the remainder, if any, <br />shall be paid to Trustor, or such other persons as may be legally entitled thereto. <br />(v) Trustee may, in the manner provided by law, postpone sale of all <br />or any portion of the Trust Estate by public announcement at such time and place <br />of sale, and from time to time thereafter may postpone such sale by public <br />announcement or subsequently noticed sale, and without further notice make such <br />sale at the time fixed by the last postponement, or may, in it discretion, give a new <br />notice of sale. <br />(e) Receivers. As a matter of right and without notice to Trustor or anyone <br />claiming under Trustor, and without regard to the then value of the Trust Estate or the <br />interest of Trustor therein, or the solvency of Trustor, seek the appointment of a receiver <br />for the Trust Estate and, to the maximum extent permitted by law, for all other assets of <br />Trustor, all upon ex parte application to any court of the competent jurisdiction. Trustor <br />waives any right to a hearing or notice of hearing prior to the appointment of a receiver <br />and irrevocably consents to such appointment. Such receiver shall have all of the usual <br />powers and duties of receivers in like or similar cases and all of the powers and duties of <br />Lender in case of entry as provided above and shall continue as such and exercise all such <br />powers until the later of the date of confirmation of sale of the Trust Estate or the date of <br />4$42-8419-5330.1 11 <br />
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