Deed Of Trust And Assignment Of Rents Form (Page 4 of 4) in pdf

and all other demands or notices as conditions precedent to sale of such personalty. Trustee

may postpone sale of all, or any portion, of said property by public announcement at the time

fixed by said notice of sale, and may thereafter postpone said sale as allowed by law by public

announcement at the time previously appointed. At the time of sale so fixed, Trustee may sell

the property so advertised or any part thereof, either as a whole or in separate parcels at its

sole discretion at public auction, to the highest bidder for cash in lawful money of the United

States, payable at time of sale, and shall deliver to such purchaser a deed conveying the

property so sold, but without covenant or warranty, express or implied. Trustor hereby agrees

to surrender, immediately and without demand, possession of said property to such purchaser.

15. After deducting all costs, fees and expenses of Trustee and of this Trust, including cost of

evidence of title and Trustee’s fee in connection with sale, Trustee shall apply the proceeds of

sale to payment of: all sums expended under the terms hereof, not then repaid, with accrued

interest in 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 persons legally entitled thereto.

16. Beneficiary, or any successor in ownership of any indebtedness secured hereby, may, at any

time, by instrument in writing, appoint a successor or successors to the Trustee named herein or

acting hereunder, which instrument, executed and acknowledged by Beneficiary, and recorded in

the Office of the County Recorder of the County or Counties wherein said property is situated,

shall be conclusive proof of the proper substitution of such successor or Trustee, who shall have

all the estate, powers, duties and trusts in the premises vested in or conferred on the original

Trustee. If there be more than one Trustee, either may act alone and execute the Trusts upon

the request of the Beneficiary and his acts shall be deemed to be the acts of all Trustees, and the

recital in any conveyance executed by such sole trustee of such request shall be conclusive

evidence thereof, and of the authority of such sole Trustee to act.

17. This Deed of Trust applies to, inures to the benefit of, and binds all parties hereto, their heirs,

legatees, devisees, administrators, executors, successors and assigns.

18. Trustee accepts these trusts when this Deed of Trust, duly executed and acknowledged, is made

public record as provided by law.

19. In this Deed of Trust, whenever the context so requires, the masculine gender includes the

feminine and/neuter, and the singular number includes the plural, and the term Beneficiary shall

include any future holder, including pledges, of the note secured hereby.

The undersigned Trustor requests that a copy of any Notice of Default and of any Notice of Sale

hereunder be mailed to him at his address hereinbefore set forth.

_____________________________

______________________________

State of ________________________

County of _______________________

This instrument was acknowledged before me on _____________________________________ by

____________________________________.

_____________________________________

Signature of notarial officer

Deed of Trust and Assignment of Rents

Page 4 of 4

Deed Of Trust And Assignment Of Rents Form Page 4