|
APN: 059-034-280
<br /> After the lapse of such time as may then be required by law following the recordation of said notice of default,and notice of
<br /> sale having been given as then required by law,Trustee,without demand on Trustor,shall sell said propeRy at the time and place
<br /> 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 auction
<br /> to the highest bidder for cash of lawful money of the United States,payable at time of sale. Trustee may postpone sale of all or
<br /> any portion of said property by public announcement at such time and place of sale,and from time to time thereafter may
<br /> postpone such sale by public announcement at the time fixed by the proceeding postponement. Trustee shall deliver to such
<br /> purchaser its deed conveying the property so sold,but without any covenant or warranty,express or implied. The recitals in such
<br /> 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,with
<br /> accrued interest at the amount allowed by law in effect at the date hereof;all other sums then secured hereby;and the remainder,
<br /> 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 o�ce of the recorded of the county or counties where said propeRy 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,administrators,
<br /> executors,successors,and assigns. The term Beneficiary shall mean the owner and holder,including pledges,of the note
<br /> secured hereby,whether or not named as Beneficiary herein. In this Deed,whenever the context so requires,the masculine
<br /> gender includes the feminine and/or neuter,and the singular number includes the plurai.
<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 />
|