Agenda - 05-15-2001-7a - Laserfiche WebLink

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zs proceedings. Notice under the Note and this Deed of Trust shall be effective upon deposit in the United States mail, postage prepaid, addressed to the appropriate party or upon actual delivery. The proceeds of the Sale .shall after the Trustee retains his commission, together with reasonable attorneys' fees incurred by the Trustee in such proceeding, be applied to the costs of sale, including, but not limited to, costs of collection, taxes, assessments, costs of recording, service fees and incidental expenditures, the amount due' on the Note hereby secured and advancements and other sums expended by the Beneficiary according to the provisions hereof and otherwise as required by the then existing law relating to foreclosures. The Trustee's commission shall. be five percent (5~) of the gross proceeds of the sale or the minimum sum of $300 whichever is greater, for a completed foreclosure. In the event foreclosure is commenced, but not completed, the Grantor shall pay all expenses incurred by Trustee, including reasonably attorneys' fees, and a partial commission computed on five percent (5%) of the outstanding indebtedness or the above stated minimum sum, whichever is greater, in accordance with the following schedule,' to-wit: one- fourth thereof before the Trustee issues a notice of hearing on the right to foreclosure; one-half thereof after issuance of said notice; three--fourths thereof after such hearing; and the greater of the full commission or minimum sum after the initial sale. And the said Grantor does hereby covenant and agree with the Trustee as follows: ~,. TAXES, ASSESSMENT. CHARGES. The Grantor shall pay all taxes, assessments and charges as may be lawfully levied against said Premises within 30 days after the same shall become due. In the event that Grantor fails to so pay all taxes, assessments and charges as herein required, then Beneficiary, at his option, may pay the same and the amounts so paid shall be added to the principal of the Nate secured by this Deed of Trust, and shall be due and payable upon demand of Beneficiary. Z. WASTE. The Grantor will keep the Premises herein conveyed in as good order, repair and condition as they are now, reasonable wear and tear excepted, and will comply with all governmental requirements respecting the Premises or their use, and will not commit or permit any waste. 3. CONDEMNATION. In the event that any or all of the Premises shall be condemned and taken under the power of eminent domain, Grantor shall give immediate written notice to Beneficiary and