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APN: 053-164-1401
<br /> After the lapse of such time as may then be required by law following the recordation of said notice of default, and notice
<br /> of sale having been given as then required by law, Trustee, without demand on Trustor, shall sell said property at the time and
<br /> place fixed by it in said notice of sale, either as a whole or in separate parcels, and in such order as it may determine, at public
<br /> auction to the highest bidder for cash of lawful money of the United States, payable at time of sale. Trustee may postpone sale
<br /> of all or any portion of said property by public announcement at such time and place of sale, and from time to time thereafter
<br /> may postpone such sale by public announcement at the time fixed by the proceeding postponement. Trustee shall deliver to
<br /> such purchaser its deed conveying the property so sold, but without any covenant or warranty, express or implied. The recitals in
<br /> such deed of any matters or facts shall be conclusive proof of the truthfulness thereof. Any person, including Trustor, Trustee, or
<br /> Beneficiary as hereinafter defined, may purchase at such sale.
<br /> After deducting all costs, fees, and expenses of Trustee and of this Trust, including cost of evidence of title in connection
<br /> with sale, Trustee shall apply the proceeds of sale to payment of; all sums expended under the terms hereof, not then repaid,
<br /> with accrued interest at the amount allowed by law in effect at the date hereof; all other sums then secured hereby; and the
<br /> remainder, if any, to the person or persons legally entitled thereto.
<br /> (12) Beneficiary, or any successor in ownership of any indebtedness secured hereby, may from time to time, by instrument in
<br /> writing, substitute a successor or successors to any Trustee named herein or acting hereunder, which instrument, executed by
<br /> the Beneficiary and duly acknowledged and recorded in the office of the recorded of the county or counties where said property is
<br /> situated, shall be conclusive proof of proper substitution of such successor Trustee or Trustees, who shall, without conveyance
<br /> from the Trustee predecessor, succeed to its title, estate, rights, powers, and duties. Said instrument must contain the name of
<br /> the original Trustor, Trustee, and Beneficiary hereunder, the book and pages where this Deed is recorded and the name and
<br /> address of the new Trustee.
<br /> (13) That this Deed applies to, inures to the benefit of, and binds all parties hereto, their heirs, legatees, devisees,
<br /> administrators, executors, successors, and assigns. The term Beneficiary shall mean the owner and holder, including pledges,
<br /> of the note secured hereby, whether or not named as Beneficiary herein. In this Deed, whenever the context so requires, the
<br /> masculine gender includes the feminine and/or neuter, and the singular number includes the plural.
<br /> (14) That Trustee accepts this Trust when this Deed, duly executed and acknowledged, is made a public record as provided by
<br /> law. Trustee is not obligated to notify any party hereto of pending sale under any other Deed of Trust or of any action or
<br /> proceeding in which Trustor, Beneficiary, or Trustee shall be a party unless brought by Trustee.
<br /> INITIALS _
<br /> FD-21 B (Rev. 4/94) SHORT FORM DEED OF TRUST Page No. 5 of 6
<br /> REV: 06-28-16 VR
<br /> Page 34 of 37
<br /> ATTY/AGR.2016.169/HHDC Pine-Middlefield Rehabilitation
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