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<br /> tho Proporty ox thp ooileotion, r�a�ipt und
<br /> application o! ront�, i�t�uos or prolit�,
<br /> ,,��,�R_�'„ Tzuotee or 8en�lioisry ntay ba entitled to
<br /> ��� exeraise �v�ry riqht provided Por in any of
<br /> ` the loan inatrwnenta or by law upon occur-
<br /> ,;;,,t,!�.� rence of any uvent of dafaul,t, irialuding the
<br /> - '°"°'� � right to axoraf�e the power of oale= •� -
<br /> f ��`��=y� .
<br /> �����-• - �}� (b) commence an action to foraalose �:-
<br /> �,�,�r�+i',;;. .°.�r•, this Deed of Trust ae a mortgaqe, appoint a
<br /> �"'�'��� "'"� ��'� receiver, ox specifically enforce any of the
<br /> ,��r�.�-:.-�. �,�•, covemanta hereof j
<br /> ..— - .., . . n.. __ -__.
<br /> _ •,� � (c) deliver to Trustee a written
<br /> declaratioa of default and demand for sale, �
<br />� `�"'' � and a written notiae of default and election
<br /> - . ..K� . ... �.�.
<br /> ' • ;���•: to cause Trustor's interest in the Property
<br /> '�..�,:.�.:... ;
<br /> ��� � � to be so�.d, which notice Trua tee shall aanse
<br /> _- -- .:: . to be duly filed fdr record in the official
<br /> � •� recorda of the aounty in which the Property
<br /> ----- :, � � . is located.
<br /> tis;'� ,��
<br /> �--= ' 12. Foreclosure b Power of Sale. Should Beneficiary elect
<br /> �� , n�"''�•�'` to foreclose y exere se of t e pawer of sale herein aontained,
<br /> --� .�r,;.� ,.x,
<br /> �=`��� �`� . � Beneficiaxy shall notify Trustee and shall depoait with Truetee
<br /> - �`��`��� � thia Deed of Truat and the note and such receipte and evidence of � _
<br /> =— �°` �� � expenditures made and secured hereby ae Trustee may require, and
<br /> � . � "'����� '". upon requeat of the Benef iciary, the Truatee shall f ile for
<br /> � . record, 3.n the Register of Deeda office in the County whc�re the
<br /> �� >�_..- �:__ ._ •.. ,.�_ � Propert,y is located, a notice of default, aetting iorth the name
<br /> �,. -
<br /> = :
<br /> ' � of the Trustox, the Beok and Page or pocwnent No. of th�a Dee o
<br /> - � � Trust as recorded in said Registex of Deeds oFfice, the legal
<br /> -_ _ ' ��:� �• description of the above-described real estate and that a breach
<br /> _ ,;� ,. _ of an obligation, for which said real estate was conveyed as
<br /> aecurity, ha� occurred, and setting forth the nature of such
<br /> ��.: d� � � � � breach and the Trustee's election to sell the real estate to
<br /> `�� � �- �. � satiafy the obligationf and after the lapse of not less than one _._
<br />- �:�• ,�� . (1) month, the Trus tee sha ll qive wr itten notice of the time and
<br />� '� � •� ���- place of eale which may be between 9:00 a.m. and 5 p.m. at the
<br /> �'�"� � •� premises, or at the Courthc�use in the County wherein the Property
<br /> :�s i_ �� is located, desaribing the Property to be sold by its legal f'""�"
<br />�:r �- descriptiion, said notice to be published in a newspaper of
<br /> �� ���� � general circulation in the County wherein the Property is
<br /> ;.�i � .. located, once a week for five (5) consecutive weeks, the las� �ry''
<br /> • �� . , publication to be at least ten (10) days, but not more than �.
<br />� � .. thirty (30) days, prior to the sale= and the Trustee shall then ��'
<br /> sell the Property at the time and place designated in the notice, �.
<br /> �'*;:x }•'.,,,�Y_� in the manner provided by law in effect at the time of filing ��
<br /> - - said notice, at public auction to the highest bidder for cash and �°:_
<br /> . �c` '�� � . shall deliver to such purchaser a deed to the Property sold, �
<br />- � „��.`».��. consistent with the law in effect at the time. __
<br /> � � '� Upon receipt of payment of the price bid, Trustee shall ��
<br /> ��7 deliver to the purchaser, Trustee's deed conveying the Property �
<br /> sold. Recitals in the Trustee's deed shall be prima facie evi-
<br /> �. dence of the truth of the statements made therein. Trustee shall ���•,
<br /> apply the proceeds of the sale in the following order: (a) to ;
<br /> . � all reasonable costs and ex�enses of the sale, includinq but not ; .
<br /> �- limited to, Trustee's fees of not more than 1.58 0£ the '
<br /> gross sale price, reasonable attorney fec�s and costs of title �
<br /> � '� evidence; (b) to all sums secured by this Deed of Trustj and
<br /> , �p; (c) the excess, if any, to t2ie person or persons legally entitled
<br /> . thereto. Any person, including Heneficiary, may purchase the
<br /> � Property at said sale.
<br /> ��- ' U The person conducting the sale may, for aiiy cause he or she
<br /> ' deems expedient, postpone the sale from time to time until it
<br /> � shall be completed and, in every such case, notice of postpone-
<br /> . ment shall be given by public declaration thereof by such person
<br /> . at the time aud place last appointed fnr the sale; provided, if
<br /> . 4� the sale is postponed for longer tl�at� one (1) day beyond the date
<br /> d�signated in the notice oi sale, notice thereof shall be given
<br /> � in the same manner as the original notice of sale.
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