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<br /> . ,: 98— �aa�s� `-�"°���_
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<br /> the form required by law, which ahall be duly filed for record ;'
<br /> y ; by TRU9TEE. �'
<br /> : ; (1) After the lapse oE such �ime as may be required by law �'�:k`"
<br /> � . �� I (presently being one ( 1) month following the rc�cordation ;�����==-
<br />� of said Notica of Default), Notice of Default and Notice __,_V
<br /> ..,,:.:�� __----
<br /> of Sale having been given as required by law, TRUSTEE, `;y::�
<br /> �' ,,.�v�! without demand on TRUSTORS, shall sell said property on �:__
<br /> ; +r.�a*r�� the date and at the time and place designated in said
<br /> r' • NotiGe of Sale, at public auction to the 2iighest bidder,
<br /> � the purchase price payable in l�wful money of the United
<br /> � �� � �' States at the time of sale• The person conost one the � �--�-
<br /> sale may, tor any aauss he deems expodient, p P
<br />" � sa1.e from time to time until it sha].1 be completed and in
<br /> �� every such case, notice of postponement slzall be given by
<br />_ � public declaration thereof by such person at the time and
<br /> ` place last appointed for the sale; provided, if the sale
<br /> � is postponed for longor than one (1) day beyond the day
<br /> designated in the Notice of Sale, notice thereof shall be � _ _
<br /> ' given in the same manner as the original Notice of Sale. �
<br /> TRU3TEE shall execute and deliver to the purchaser his
<br /> Aeed conveying said property so sold, but without any =_
<br /> covenant or warranty, express or implied. The recitals
<br /> in the Deed of any matters or facts shal��b n�cincluding
<br /> proof of the truthfulness thereof. Any p _
<br /> � BENEFICIARIES, may purchase at the sale. TRUSTOR3 hereby
<br /> covenant to warrant and defend the title of the above
<br /> � property to purchaser at sale.
<br /> "' � . D. When the TRU3TEE aelis ziaa trust pZOg°rtv rursuant to the
<br />'r � powers granted herein, the TRUSTEE sha11 apply the proceeds
<br /> F
<br /> from the sale of such property in the following order of
<br />', ''; priority:
<br />== " (1) To the cost and expense of exercisinq the power of sale
<br />�••�:�.. and of the sale, including attorney :fees, evidence of _
<br />- • `"'� � title and other sale e�eof theagross sale price e not to
<br /> w'�"�- ��-�� exceed two percent (2�)
<br /> '�-� . .� (2) To the payment of the obligation secured by this Deed of
<br /> y`�'`',`�..�"`"'` Trust and Trust Deed Note;
<br />�., y � ,
<br /> � . ""•�• (3) To the payment of junior Trust Deeds, mortqages, or other
<br /> ;� lienholdere;
<br />- (4) The balance, if any, to the person or persons legally
<br /> � �� entitled thereto.
<br /> �. :.._L,.. ..
<br /> � '� ? E. Upon the occurrence of �tny default h�reunder, BEN�FICIARIE _-
<br /> • ,� shall have, in addition to such other options as may b� - -
<br />- . granted herein, the furtovided bn law �forl foreclosu es of =-
<br /> ` Trust in the manner pr Y
<br /> , mortgaqes on real property. �".;��--
<br /> F. BENEFICIARIE3 may from time to time substitu�e a successor or - --
<br /> successors to any TRUSTEE named herein or acting hereunder. '•�-_
<br /> Upon such ap�ointment, and without conveyance to the succesaor r;��
<br /> TRUSTEE, the lattex shall be vested with all title, powers,
<br /> and duties conferred upon any TRUSTEE herein named or acting
<br /> hereunder. Each such appointment and substitution shall be
<br /> � made by written instrument and executed by BENEFICIARSE3,
<br /> containing reference to �his Deed of Trust and its place of I
<br /> _ record, which, when recorded in the off�ce of the ne�9�e tv is
<br />_� � Deeds of the county or counL�C� j='= �_•��.. ---- �- �
<br /> � situated, shall be concl.usive proof of proper appaintment of
<br /> ' the successor TRUSTEE. The foregoing power of substitution I
<br /> ; and the procedure therefor shall not be exclusive of the power
<br /> a and procedure pravided for by law for th� substitution of a i
<br /> I TRUSTFE in the place of the TRUSTEE named h�rein.
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