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7. Due On Sale Without the Consent of Beneficiary, If the Property, any part of it, or interest in it
<br />is sold, or if Trustor agrees to sell, convey, or alienate said property, by operation of law or otherwise in violation
<br />of the transfer provisions of the Loan Agreement, all obligations secured by this instrument, irrespective of the
<br />maturity dates expressed therein, at the option of the holder thereof and without demand shall immediately
<br />become due and payable.
<br />8. Powers of Sale, Upon default by Trustor in payment of any indebtedness secured hereby or in
<br />performance of any agreement hereunder, after the expiration of applicable notice and cure periods, all sums
<br />secured hereby shall immediately become due and payable at the option of the Beneficiary. In the event of
<br />default, Beneficiary may employ counsel to enforce payment of the obligations secured hereby, and shall
<br />execute or cause the Trustee to execute a written notice of such default and of its election to cause to be sold
<br />the Property to satisfy the obligations hereof, and shall cause such notice to be recorded in the office of the
<br />Recorder of each county wherein the Property or some part thereof is situated.
<br />Prior to publication of the notice of sale, Beneficiary shall deliver to Trustee this DEED OF TRUST and
<br />the Note or other evidence of indebtedness which is secured hereby, together with a written request for the
<br />Trustee to proceed with a sale of the property described herein, pursuant to the provisions of law and this DEED
<br />OF TRUST.
<br />Notice of sale having been given as then required by law, and not less than the time then required by
<br />law having elapsed after recordation of such notice of default, Trustee, without demand on Trustor, shall sell the
<br />Property at the time and place fixed by it in said notice of sale, either as a whole or in separate parcels and in
<br />such order as it may determine, at public auction to the highest bidder for cash in lawful money of the United
<br />States, payable at time of sale. Trustee may postpone sale of all or any portion of the Property by public
<br />announcement at such time and place of sale, and from time to time thereafter may postpone such sale by
<br />public announcement at the time and place fixed by the preceding postponement. Trustee shall deliver to the
<br />purchaser its deed conveying the property so sold, but without any covenant or warranty, express or implied.
<br />The recitals in such deed of any matters or facts shall be conclusive proof of the truthfulness thereof. Any
<br />person, including Trustor, Trustee, or Beneficiary, may purchase at such sale.
<br />After deducting all costs, fees, and expenses of Trustee and of this Trust, including cost of evidence of
<br />title and reasonable attorneys' fees in connection with sale, Trustee shall apply the proceeds of sale to payment
<br />of all sums expended under the terms hereof, not then repaid, with accrued interest at seven percent (7%) per
<br />annum; all other sums then secured hereby; and the remainder, if any, to the person or persons legally entitled
<br />thereto.
<br />9. Trustor's Ripht to Reinstate. Notwithstanding Beneficiary's acceleration of the sums secured
<br />by this DEED OF TRUST due to Trustoe's breach, Trustor shall have the right to have any proceedings begun
<br />by Beneficiary to enforce this DEED OF TRUST discontinued at any time prior to five days before sale of the
<br />Property pursuant to the power of sale contained in this DEED OF TRUST or at any time prior to entry of a
<br />judgment enforcing this DEED OF TRUST if: (a) Trustor pays Beneficiary all sums which would be then due
<br />under this DEED OF TRUST if the NOTE had no acceleration provision; (b) Trustor cures all breaches of any
<br />other covenants or agreements of Trustor contained in this DEED OF TRUST; (c) Trustor pays all reasonable
<br />expenses incurred by Beneficiary and Trustee in enforcing the covenants and agreements of Trustor contained
<br />in this DEED OF TRUST, and in enforcing Beneficiary's and Trustee's remedies as provided herein, including,
<br />but not limited to, reasonable attorney's fees; and (tl) Trustor takes such action as Beneficiary may reasonably
<br />require to assure that the lien of this DEED OF TRUST, Beneficiary's interest in the Property and Trustoe's
<br />obligation to pay the sums secured by this DEED OF TRUST shall continue unimpaired. Upon such payment
<br />1113396.3 C-4 ~'~~.•~ ~~ --
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