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~PN 053-25-251 '~53-25-252
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<br /> Alter the lapse of such time as may then be required by law following the recordation of said notice of default, and notice of sale
<br /> having bean given as then required by law, Trustee, without demand on Trnstor, shall sell said properly at the time and place fixed by it in
<br /> said notice of sale, either as a whole or in separate parcels, and in such order as it may determine, at public auction to the highest bidder
<br /> for cash of lawful money of the United States, payable at time of sale. Trustee may postpone sale of all or any portion of said property by
<br /> public announcement at such time and place of sale, and from time to time thereafter may postpone such sale by public announcement at
<br /> the time fixed by the proceeding postponement. Trustee shall deliver to such purchaser its deed conveying the property so sold, but
<br /> without any covenant or warranty, express or implied. The recitals in such deed of any matters or facts shall be conclusive proof of tbe
<br /> truthful, n~ess ,~e.reo~. An,,yperso~ including Tmstor, Trustee, orBeneficiary as hereinafter defined, tray purchase at such sale.
<br /> Aner aeancting all COSts, ~'ees, and expenses of Trestee and of this Trust, including cost of evidence of title in connection with sale,
<br /> Trustee shall apply the proceeds of sale to payment of; all sums expended under the terms hereof, not then repaid, with accrued interest at
<br /> the amount allowed by law in effect at the date hereof; all other sums then secured hereby; and the remainder, if any, to the person or
<br /> 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 writing,
<br /> substitute a successor or successors to any Trustee named herein or acting hereunder, which instrument, executed by the Beneficiary and
<br /> duly acknowledged and recorded in the office of the recorded oftbe county or counties where said property is situated, shall be conclusive
<br /> proof of proper substitution of such successor Trustee or Trustees, who shall, without conveyance from the Trustee predecessor, succeed
<br /> to its title, estate, rights, powers, and duties. Said instrument must contain the name of the original Trustor, Trustee, and Beneficiary
<br /> hereunder, the book and pages where this Deed is retarded and the name and 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, administrators,
<br /> executors, successors, and assigns. The term Beneficiary shall mean the owner and holder, including pledgees, of the note secured hereby,
<br /> whether or not named as Beneficiary herein. In this Deed, whenever the context so requires, the masculine gender includes the feminine
<br /> and/or neuter, asd the alngnl~' number includes the lturai.
<br /> (14) That Trustee accepts this Trust when this Deed, duly executed and acknowledged, is made a public record as provided by law.
<br /> Trustee is not obligated to notify any party hereto of pending sale under any other Deed of Truat or of any action or proceeding in which
<br /> Trustor, Beneficiary, or Trustee shallbe a patty unless brought by Trustee.
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<br /> INITIALS
<br /> REQUEST FOR FULL RECONVEYANCE
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<br /> TO: FIDELITY NATIONAL TITLE INSURANCE COMPANY, TRUSTEE:
<br /> The undersigned is the legal owner and holder of all indebtedness secured by the within Deed of Trust. All sums secured by said Deed of
<br /> Trust have been fully paid and satisfied; and you are hereby requested and directed, on payment to you of any sums owing to you under
<br /> the terms of said Deed of Trust, to cancel all evidences of indebtedness, secured by said Deed of Trust, delivered to you herewith, together
<br /> with the said Deed of Trust, and to reconvey, without warranty, to the parties designated by the terms of said Deed of Trust, all the estate
<br /> now held by you under the same.
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<br /> Dated
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<br /> By: By:
<br /> Please mail reconveyance to:
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<br /> Do not lose or destroy this Deed of Trust OR THE NOTE which it secures. Both original documents must be delivered to the Trustee for
<br /> cancellation before reconveyance will be made.
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<br />STATE OF CALIFORNIA
<br />COUNTY OF
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<br />ON before me, personally appeared
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<br />personally known to me (or proved to me on the basis of satis factory evidence) to be the person(s) whose name(s) is/are subscribed to the
<br />within instrument and acknowledged to me that hedshe/they executed the same in his/her/their authorized capacity(ies), and that by
<br />his/her/their signature(s) on the insa'ument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument.
<br />WITNESS my hand and official seal.
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<br />Signature
<br />FD-2 lB (Rev. 4/94) SHORT FORM DEED OF TRUST Page No. 4 of 4
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