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Deed of Trust 15101 Washington Ave 07192022
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Deed of Trust 15101 Washington Ave 07192022
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6/26/2024 5:27:21 PM
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6/24/2024 1:54:54 PM
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CM City Clerk-City Council
Document Date (6)
7/19/2022
Recorded Document Type
Deed of Trust
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covenants or agreements of this Deed of Trust. <br />f. Power of Sale. Under the power of sale hereby granted, Beneficiary shall <br />have the discretionary right to cause some or all of the Property, including any Property which <br />constitutes personal property, to be sold or otherwise disposed of in any combination and in any <br />manner permitted by applicable law. <br />Trustor's limited partners (the "Limited Partners") shall have the right to cure any default of <br />Trustor hereunder upon the same terms and conditions afforded to Trustor. Provided that <br />Beneficiary has been given written notice of the address for delivery of notices to the Limited <br />Partners, Beneficiary shall provide any notice of default hereunder to the Limited Partners <br />concurrently with the provision of such notice to Trustor, and as to the Limited Partners, the cure <br />periods specified herein shall commence upon the date of delivery of such notice in accordance <br />with Section 10.2. <br />8.3 Power of Sale. If Beneficiary elects to invoke the power of sale hereby granted, <br />Beneficiary shall execute or cause the Trustee to execute a written notice of such default and of <br />its election to cause the Property to be sold to satisfy the obligations hereof, and shall cause such <br />notice to be recorded in the office of the Recorder of each County wherein the Property or some <br />part thereof is situated as required by law and this Deed of Trust. <br />Prior to publication of the notice of sale, Beneficiary shall deliver to Trustee this Deed of <br />Trust and the Note or other evidence of indebtedness which is secured hereby, together with a <br />written request for the Trustee to proceed with a sale of the Property, pursuant to the provisions <br />of law and this Deed of Trust. <br />Notice of sale having been given as then required by law, and not less than the time then <br />required by law having elapsed after recordation of such notice of default, Trustee, without <br />demand on Trustor, shall sell the Property at the time and place fixed by it in the notice of sale, <br />either as a whole or in separate parcels and in such order as it may determine, at public auction to <br />the highest bidder for cash in lawful money of the United States, payable at time of sale. Trustee <br />may, and at Beneficiary's request shall, postpone sale of all or any portion of the Property by <br />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 and place fixed by the preceding <br />postponement. Trustee shall deliver to the 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 <br />or facts shall be conclusive proof of the truthfulness thereof. Any person, including Trustor, <br />Trustee, or Beneficiary, may purchase at such sale. <br />After deducting all costs, fees, and expenses of Trustee and of the trust hereby created, <br />including reasonable attorneys' fees in connection with sale, Trustee shall apply the proceeds of <br />sale to payment of all sums advanced or expended by Beneficiary or Trustee under the terms <br />hereof and all outstanding sums then secured hereby, and the remainder, if any, to the person or <br />persons legally entitled thereto. <br />Without limiting the generality of the foregoing, Trustor acknowledges and agrees that <br />regardless of whether or not a default has occurred hereunder, if an Event of Default has <br />1s <br />
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