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201109076
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Last modified
12/5/2011 10:05:51 AM
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12/5/2011 10:05:50 AM
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DEEDS
Inst Number
201109076
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20110907C <br />order as Beneficiary may determine. The entering upon and taking <br />possession of the Trust Estate, the collection of such rents, issues, <br />and profits, and the application thereof as aforesaid, shall not cure or <br />waive any default or notice of default hereunder or invalidate any act <br />done in response to such default or pursuant to such notice of default <br />and, notwithstanding the continuance in possession of the Trust <br />Estate or the collection, receipt, and application of rents, issues, or <br />profits, Trustee or Beneficiaxy shall be entitled to exercise every right <br />provided for in any of the Loan Instruments; or by law upon occurrence <br />of any event of default, including the right to exercise the power of <br />sale. <br />(b) Commence <br />mortgage, appoint a <br />covenants hereof; <br />an action to foreclose this Deed of Trust as a <br />receiver, or specifically enforce any of the <br />(c) Deliver to Trustee a written declaration of default and <br />demand for sale, a written notice of default and election to cause <br />Trustor's interest in the Trust Estate to be sold, which notice Trustee <br />shall cause to be duly filed for record in the appropriate Official <br />Records of the County in which the Trust Estate is located. <br />11. Foreclosure by Power of Sale. Should Beneficiary elect to <br />foreclose by exercise of the Power of Sale herein contained, Beneficiary <br />shall notify Trustee and shall deposit with Trustee this Deed of Trust <br />and the Note and such receipts and evidence of expenditures made and <br />secured hereby as Trustee may require. <br />(a) Upon receipt of such notice from Beneficiary, Trustee shall <br />cause to be recorded, published, and delivered to Trustor such Notice <br />of Default and Notice of Sale as then required by law and by this Deed <br />of Trust. Trustee shall, without demand on Trustor, after such time as <br />may then be required by law and after recordation of such Notice of <br />Default and after Notice of Sale having been given as required by law, <br />sell the Trust Estate at the time and place of sale fixed by it in such <br />Notice of Sale either as a whole, or in separate lots or parcels or items <br />as Trustee shall deem expedient, and in such order as it may <br />determine, at public auction to the highest bidder for cash in lawful <br />money of the United States payable at the time of sale. Trustee shall <br />deliver to such purchaser or purchasers thereof its good and sufficient <br />deed or deeds conveying the property so sold, but without any covenant <br />or warranty, express or implied. The recitals in such deed of any <br />matters or facts shall be conclusive proof of the truthfulness thereof. <br />Any person, including, without limitation, Trustor, Trustee, or <br />Beneficiary, may purchase at such sale and Trustor hereby covenants <br />to warrant and will defend the title of such purchaser or purchasers. <br />5 <br />
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