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been given as then required by law, Trus without demand on Trustor, shall sell said pror • at the time and place fixed by it in said notice
<br /> of sale. either as a whole or in separate .rcels, and in such order as it may determine, a .lblic auction to the highest bidder for cash in
<br /> lawful money of the United States, payable at time of sale. Trustee may postpone sale of all or any portion of said property by public
<br /> announcement at such time and place of sale, and from time to time thereafter may postpone such sale by public announcement at the
<br /> time fixed by the preceding postponement. Trustee shall deliver to such purchaser its deed conveying the property so sold, but without any
<br /> covenant or warranty, express or implied. The recitals in such deed of any matters or facts shall be conclusive proof of the truthfulness thereof.
<br /> My person, including Trustor, Trustee, or 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 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
<br /> at 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 /> (7) 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 recorder of the 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 all 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 page where this Deed is recorded and the name and address of the new Trustee.
<br /> (8) 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, and the singular number includes the plural.
<br /> (9) 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 Trust or of any action or proceeding in which
<br /> Trustor, Beneficiary or Trustee shall be a party unless brought by Trustee.
<br /> DO NOT RECORD REQUEST FOR FULL RECONVEYANCE
<br /> TO FIRST AMERICAN TITLE INSURANCE COMPANY, TRUSTEE:
<br /> The undersigned is the legal owner and holder of the note or notes, and of all other indebtedness secured by the foregoing Deed of Trust. Said note or
<br /> rates, together with all other indebtedness secured by said Deed of Trust, have been fully paid and satisfied; and you are hereby requested and directed,
<br /> on payment to you of any sums owing to you under the terms of said Deed of Trust, to cancel said note or notes above mentioned, and all other evidences
<br /> of indebtedness secured by said Deed of Trust delivered to you herewith, together with the said Deed of Trust, and to reconvey, without warranty, to the parties
<br /> designated by the terms of said Deed of Trust, all the estate now held by you under the same.
<br /> Dated
<br /> Please mail Deed of Trust,
<br /> Note and Reconveyance to
<br /> Do not lose or destroy this Deed of Trust OR THE NOTE which it secures. Both must be delivered to the Trustee for cancellation before reconveyance will be made.
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<br /> 1192 (1/94)
<br /> (Page 4 of 4)
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