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<br /> I �lection to cause the Pro ert to be sold b executin and delivenn to ru �,.,,,,. .�,�
<br /> _.::»�� notice of such rescission, which notice, when recorded,shall also constitute a cancellation ��'',�.;`,:'-;:'�" _
<br /> "' af any prior declarationof default and demand for sale or such documents as may be reyuired f,�}�r",�x;. �..�__
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<br /> .� by the laws of the state in which the Property is located to effect such rescission. The ,�
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<br /> exsrcise by Beneficiary of such right of rescission shall not constitute a waiver of any breach ��=��—
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<br /> or default then existing or subseyuently occurring, or impair the right of Beneficiary to �--_
<br /> exe�ute and deliver to Trustee,as abave provided,other declarations of default and demand �`=�___
<br /> for sale,and notices of breach or default,a�id of election ta cause the Property t�be sald ta =-
<br /> sutisfy the obligations hereof,nor otherwise affect any provision, agreement,covenunt or =_-_---
<br /> condition of the Note and/or of this Deed oF 1'rust or any of the rishts, ohlisatians or —
<br /> - remedies of the parties hereunder. �r--�_�
<br /> Beneficjary's Remedies Res�ecting Colluteral. Beneficiary may realize upon the =�
<br /> Collateral,enforce and exercise all of the Grantor's rights,powers,privileges and remedies �'�'"""'"
<br /> � in respect of the Collateral,dispose of or otherwise deal with the Collateral in such order as ����
<br /> � Beneficiary may in its discretion determine,and exercise any and all other ri�hts,powers, �R�-��
<br /> ' ` privilegesand remediesafforded to a secured party under the laws of the state in which the -
<br /> ,�� Property is located as well as a11 other rights and remedies available at law or in equiry. --�
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<br /> Proceeds of Sales. The proceeds of any sale made under or by virtue of An Event of De ault,
<br /> � together with all other sums which then may be held by Trustee or Beneficiary under this
<br /> '��� Deed of Trust,shall be applied as follows:
<br /> �-
<br /> ��� FIRST: To the payment of the costs,fees and expenses of sale and of any judicia�
<br /> � •� oradministrativeproceedin�swherein the same may be made,includin�the cost of ��,�
<br /> evidence of title in connection with the sale, compensation to Trustee and
<br /> Beneficiary,and to the payment of all expenses and liabilities incurred by Trustee �
<br /> ' and Deed of Trust or in connection with the foreclosure. _
<br /> ' ---
<br /> SECOND: To the payment of any and all sums expended by Beneficiary under the
<br /> �s' terms hereof, not then repaid,with accrued interest at the rate set forth in the Note, "-
<br /> R' E':
<br /> Y and aU other sums(except advances of principal and interest thereon)requited to be ;.-__
<br /> paid by Grantor pursuunt to any provisions of this Deed of Trust,or the Note,or any =
<br /> of the Related Agreeznents,including,without limitation,all expenses,liabilities and �_
<br /> t advances made or incurred by BeneFciary ur.der this Deed of Trust or in connection =
<br /> widi the enforcement thereof,together with interest thereon as herein provided. --
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<br /> � THIRD: To the payment of the entire amount then due, owing or unpaid for -
<br /> ' principal and interest upon the Note and any other obligation secured hereby,with ����
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<br /> interest on the unpaid principal at the rate set forth therein from the date of � '�����—�-_
<br /> � advancement thereof until the same is aid in full. � -�`Y= -
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