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<br /> � �.:: -�y r 92— lo�ess
<br /> the Property or the aollsction, reoeipt and
<br /> ��_�,;.,'r �ppliadtion of rente, iesues or profits,
<br /> . . .. - Truateo or Beneficiary may be entitled to
<br /> -°� � exercise every right provided far in any oP
<br /> ..,;,��•y -•�' the loan instrumente or by law upon oaaur-
<br /> :,,.��„a:;"�:�!`�,°-; ronce of any event of default, including the � __
<br /> °' �' riqht to exercise the power of salej
<br /> � —
<br /> v., �•
<br /> . � (b) aommenae an action �o foreclose
<br /> x�= ;� . � �his Deed of Truet �a a mortqage, agpoint a
<br /> �: r�;��,,o���:; ..�; reaeiver, or apecifica�lly enforae any of the —
<br /> %bei�i�`-.. . ,�,: '
<br /> aovenants hereof� _
<br /> � �{ ,,. (c) deliver to Trustee a written
<br /> ��`�"""'''�' "' '`.".' doalaration of dePault and demand for �ale,
<br /> '�,z__ . �
<br /> :"`i��� � " ;,• and a written notioe of default and eleation
<br /> ` ° to cauae Trus tor'a interu�s t in ths Property
<br /> a���,•-�•�-. ' to be aold, which �notiae Truatee sbe►11 aause
<br /> _ �'- " �'� to be duly filed for reaord in th� officiel -
<br /> - � ° �� ; -� records of the aounty in which the Property
<br /> _ � ° is located.
<br /> y 12. Forealosure b Power of Sa].e. Should Beneficiary elect
<br /> • � , - � to foreclose y exere se of the QQwer of sale herein aontained,
<br />-� - - �� Beneficiary shall notify Trustee and shall depoait with Trustee �_ .
<br /> - � ° '� this Deed of Trusti and the note and such receipte and evidenae of
<br /> ' . expenditures made and secured hereby as Trustee may require, and
<br /> ,. ; � •'� upoa request of the Beneficiary, the Trustee shall ffle for
<br /> y �� record, in the Register of Deeds office in the County where the
<br /> r:��;���.— .
<br /> - - Pr�pes�y is loaate8, a notics af dcfsul.t, �ettinq forth the name
<br /> of the Trustor, the Sook and Page or pocument No. of thie Deed of
<br />' � Trust as recorded in said Register of Deeds office, the legal
<br /> � � �����;; � deacription of the above-descrit�ed real estate and that a breach
<br /> ���� '. of an obligation, for which said real estate was conveyed as
<br /> security, has occurred, and setting forth the nature of such
<br /> • �� breach and the Trustee's election to sell the real estate to ___
<br /> �� " �'�� � satisfy the obliqationf and after the lapse of not less than one ��,,;,,
<br /> (1) month, the Trustee shall give written notice of the time and
<br /> •� ,,:,�, place of sale which may be between 9s00 a.m. and 5 p.m. at the -
<br /> +;�` � -�•• �`t� Y premiaea, or at the Courthouse in the County wherein the Property
<br /> is located, describinq the Property to be sold by its legal ������
<br /> �„ ., � description, said notice to be published in a newspaper of '-= �
<br /> �:��.
<br /> .,, � �;�;�,.. qeneral ciraulation in the County wherein the Property is �;�F�
<br /> ',, �:.,:._ � , located, once a week for five (5) consecutive weeks, the last -_...
<br /> � ����� � publicatioh 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 p3.ace designated fn the notice, --��-_
<br /> " in the manner provided by law in effect at the time of filing
<br /> • � �" . said �otice, at public auction to the highest bidder for cash and ����
<br /> � ` �"�` � shall deliver ta such purchaser a deed to the Property sold, �ry�e
<br /> � "�"'�� � consistent with the law in effect at the time.
<br /> ,,._ . ;,;::
<br /> , Upon receipt of payment of the price bid, Trustee shall �
<br /> �,; 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 expenses of the sale, including but not � •
<br /> limited to, Trustee's fees of not more than 1.58 of the '
<br /> " gross sale price, reasonable attorney fees and costs of title �
<br /> evidencep (b) to all sums secured by this Deed of Trust= and
<br /> #`' • (c) the excess, if any, to the person or persons leqally entitled .
<br /> �� � thereto. Any person, including Beneficiary, may purchase the •
<br /> -=1'- - � DMf�►�pYFI• a� ea;rl aa ln
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