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<br /> (Bl Any feilure on the part of the Trustor to meet the repeyment terms in respect to the Lo�n Agreement end any .
<br /> other advances under this Deed of Truat hereby secureci; and, ,•
<br /> I (C) Any action by the Trustor prohibited by the terms of the Loan Agrdement or this Deed of Trust or any failure of .
<br /> � the Trustor to act as required by the Loan Aqreement or thls Deed of Trust,each of which Trustor hereby agrees
<br /> . + have an adverse affect on the Beneficiary's securfty for the line of credit establishod end the rights of the _
<br /> lBuneficiary In auch aecurity. •� �
<br /> � and upon the happening of eny such event of default, 8eneficiary may declare all sums secured hereby immadiately
<br /> � � � due and payable by deliver to Trustee of written declaration of defeult. The Trustee shall have the power of sale of
<br /> the Property,and if Beneficiary desires the Property to be sold,it shall depos(t with Trustee this Deed of Trust and all ,
<br /> promissory notes and documents evidencing expenditures secured hereby end shall deliver to Trustee a written notice _: :;.���,s ;;{
<br /> of default end election to cause the Property to be sotd, and the Trustee in tum shell prepare a notice in the form � ,.,,�`;��: ,
<br /> required by lew, which shall be duty filed for record by Trustee. , 't�
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<br /> -�r.�.J�w.,...:�'—
<br /> (A) After the lapse of_such time as may be required by law following the recordation of said notice of defauit,and �-°� -_
<br /> .;� nbtice of.dofault r�nd noticq,qf�sale heving been given es required by law, Trustee, without demand on Trustor,
<br /> � shall sell the Woperty on the d�te and et the time and place designated in said notice of sale, at public auction to --
<br /> ti�e highest bidder,the purcha e price payabie in lawful money of the United States at the time of sele. The _
<br /> person conducting the sele may, for any cause he deems expedient, postpone the saie from time to time until it Y�,�."`�
<br /> }i shall be completed end,in every such case, notice of postponement ahall be given by public declaretion thereof ; -_
<br /> t by such person at tho time and place lust appointed for the sale,provided,if the sale is postponed for longer then '^
<br /> one(11 day beyond the dey designated in the notice of sale, notice thereof shall be given in the same manner as > s�
<br /> the originel notice of sale. Trustee shall execute and deliver to the purchaser its Deed conveying the Property so • :.
<br /> soid,but without andy covenant or warranty,express or implied. The recitals in the deed of any matters or acts ..
<br /> `� � shall be conclusive proof of the truthfulness thereof. Any person,including Beneffciary, may purchase at the sale. "•;: .
<br /> � (6) When 7rustee�ells pursuent to the puwers herein,the Trustee shall apply the proceods of the sale to payment �
<br /> of the costs and expenses of exercising the power of sale and of the sale, including the payment af the Trustee's ����
<br /> fees actually incurred, which Trustee's fees shall not in the aggregate exceed the following amount based upon ;, • ,
<br /> � the amount secured hereby and remaining unpaid; 5 percentum on the first S 1,000 thereof, 1 percentum on the :' _ ;^��
<br /> balance thereof and then to the items in subperagraph (C) in the order there stated. :�Y�;= ����
<br /> (C1 After peying the items specified in subparagraph (B) if the sale is by Trustee, or the proper court and other costs € '�.�;•
<br /> = vi i�rei:lusure and sata If tha �afc is pursuant to judl�4e!f�rer.losure,the proceeds of sale shall be applfed in the order 5� ,•�e;j�
<br /> statad to the payment of: ' �i:
<br /> (Il Cost of any evidence of title procured in connectlon with such sale and of any revenue stamps; ., �,..y
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<br /> (Iq All sums the secured hereby; �
<br /> (111) The remainder, if any,to the person legally entitled thereto. , �'''.
<br /> 13. Duties and Obligatlona of Truateea. (a) The duties and obligatfons of trustee shall be determined aolely by • �•
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<br /> the express provisions of this Deed of Trust,and Trustee shall not be Uable except for the performance of such duties ��r �"�
<br /> and obligatlons as are speciftcelly set forth herein, end no Impiied covenants or obligations shall be Imposed upon
<br /> Trustee; tb) No provisbns of this Deed of Trust shall require Trustee to expand or risk its own funds, or otherwise __ _ -
<br /> incur any financial obligation in the performance of any of its duties hereunder,or in the exercise of any of its rights �, _
<br /> • or power, if it sheil have grounds for believing that the repeyment of such funds or adequete indemntty against such �v
<br /> risk or liebilfty is not reasonably assured to it; (c) Trustee may consult with counsel of its own choosing and the advice �
<br /> of such counsel shall be fuli and complete authorizatfon and protection in the respect of any ection taken or suffered _ _
<br /> by it hereunder in good faith and rellance thereon;(dl Trustee sheil not be liabte for eny ection taken by it in good faith �—°'-
<br /> ; and reasonably believed by it to be authorized or within the discretion or rfghts and powers conferred upon it by this �_LL
<br /> � Doed of Trust. —�
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