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<br /> subordination or other agreemen a a reeonv y thie D ed f Trust � �
<br /> � ar tho li.�n or charge thereof; ( )
<br /> ' or the lien or charge thereof; (d� reconvey, without warrsnLy,
<br /> , all or �ny pa.rt of said proper�y. •
<br /> .:aj B. The grantee in any Deed of Reconveyance may be describe as
<br /> .,.�-
<br /> � � nthe person or pereons entitlod tlier�to", and th� recit�ls ��r.-
<br /> �� therein of ane8sa�hereofr facts shall be conclusive proof of
<br />_ �,,,.�.,,.�I►� the truthfuln �.
<br /> + nent of indebtedness secured i�.-•.�'�
<br /> � Y. C. Upon default by TRUS7�oR in the ��N r�ement hereunder, ��"'=-� '
<br /> hereby or in the perfor►nance o� anY a9 _
<br /> � BENEFICIARY may declare all sums secured hereby immediately
<br /> �� due and payatble by deliv�ry to TRUSTL�E of written �eclaration
<br /> ? If S�NEFICIARY desires sai.d property to be sold,
<br /> �� of default.
<br /> '�� he shall depoait with TRUSTEE this Deed of Tru�t and al
<br /> �' pr.vmisso�y notes and dvcumen�s evidenoing expenditures secured `
<br /> '� her�by, and shall deliver to TRUSTEE a e�ri�Gten Notice of
<br /> ' ' ��� Default and election to cause said property to be aold ii. t'�e �_ -
<br /> form required by law, which shall be duly filed for record by �
<br /> r°——.
<br /> �� ' � TRUSTEE. -
<br />:� �• (1) After the Zapse of such month follow ng theurecordation
<br />:,;,. (presently being one (1� Notice of Defaul� and Notiae
<br /> of said Notice of Default), _
<br />'�;�. �..' - ` i�•� of 9ale havin.g been given ae requir�d by law, TRUSTEE, �-_
<br /> ��ithout demand on TRU3TOR, shall sell safd propexty� on
<br /> the date and at the time and place ahP hiu_hest biddera ���::..
<br /> ^{��'` Notice of Sale, ai public auctior. t�+ _
<br /> s�:
<br /> � ��� the purchase price payable in l�wful�T on c nd ctingithe
<br /> � - 3tates at the time of sale. The P edient, postpone the
<br /> _;:=�,�.;•. � .' ss��e may, for any cause he deems exp
<br />;,'':Y�.' !t�,��� g�le from time to time until it shall be completed and in
<br /> ' ev�ry such case, notice of postponement shall be given by
<br />.:�^��', such erson at the time and =-
<br /> ��,,;,�o,.} public declaration thereof by P
<br /> _.._�,,s,��� place 1ast appointed for the sale; pravided, if the sale
<br />= is postponed for longer than one (1) day beyond the day _
<br /> �s--�-�.��
<br /> -'��=�'� desiqnated in the Notice of Sa1e, n�tice thereof shall be
<br /> �"�� given in the same manner as the original Notice af Sele.
<br /> - TRUSTEE ahall �xecute and�Ydteli�ver�Qla��ut W�t�out any
<br /> .�,rh�.,�,;,�.,:,,� Deed convevimg said pzc�p Y _
<br /> — = aovenant or warranty, express er implied. Tha �ccite?E
<br /> � ' = in the Deed of any matters or fact� shal��s n�cir��luding
<br /> -__ -= proof of the truthfurchase at the sale p TRUGT0IR hereby :"
<br /> - __.�� BENEFICIARY, may p
<br /> - -- covenants �o warrant and defend the ti.tle of the above
<br />__��_;;�� property to purchaser at sale.
<br /> ���� D. When the TRUSTEE sel].s the tr.ust property pursuant to the
<br />`�-_�� powers granted herein, the TRUSTEE shall apply the proceeds
<br /> '--� from the sale of such property in the following order of
<br />-;��;,'�."�'``�� priority:
<br /> ��=�:r;��, ;;� • (1) To the cost and expense of exercising the power of sale -
<br />'�„.�,,:,�-;;;,;,.J�.,_ � and of the sale, including attorney f�es, evidence of
<br />_- �-`..��._�•�.-� ; title and other sale expenses, and a trustee's fee n�ot to _
<br /> _ ��;. . o� �he gross sale prics;
<br /> - � � �xceed four percent (4�) _
<br /> _=- :���.:.„t;.�;��:� , -
<br />-- �-� ;�_,�.�. (2) To the payment of L•he obliqation secured by this Deed of =
<br /> -- ,, ;g.� Trust and Trust Deed Note; _
<br /> T -����`'��_ r a i To the payment of junior Trust Deeds, mortgagea, or otihor �
<br />- -_•Yv�r._——F • •
<br />- � �� lienholders; ���
<br /> . _,:��.,,, �;
<br /> �.
<br /> � (4) The balance, if any, tio the person or persons legal y �'_
<br /> entitled thereto.
<br />_ , E. Upon the occurrence of any defaul� hereundQr, BENEF'ICIARY
<br /> _ � shall have, inn the further.�opt�on tohforeelose this D ed of
<br /> c�ranted here ,
<br />_ _��
<br /> :
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