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Agenda - 03-21-2000-7a
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Agenda - 03-21-2000-7a
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Last modified
8/29/2008 5:59:40 PM
Creation date
8/29/2008 11:16:28 AM
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BOCC
Date
3/21/2000
Document Type
Agenda
Agenda Item
7a
Document Relationships
Minutes - 03-21-2000
(Linked To)
Path:
\Board of County Commissioners\Minutes - Approved\2000's\2000
RES-2000-022 Resolution Authorizing the Installment Purchase of Land from Duke University and Acceptance of Grant
(Linked From)
Path:
\Board of County Commissioners\Resolutions\2000-2009\2000
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Environment & Resource Conservation Department," which <br />plat is recorded at Plat Book Page Orange <br />County Registry. <br />TQ HAVE .AND TQ HOLD said Premises with all privileges and <br />appurtenances thereunto belonging to said Trustee, his heirs, <br />successors, and assigns forever, upon the trusts, terms and <br />conditions, and for the uses hereinafter set forth. <br />12 <br />Zf the Grantor shall pay the Note secured hereby in accordance <br />with its terms, together with interest thereon, and any renewals or <br />extensions thereof in whole or in part, all other sums secured. <br />hereby and shall comply with all of the covenants, terms and <br />conditions of this Deed of Trust, then this conveyance shall be null <br />and void and may be cancelled of record at the request and the <br />expense of the Grantor. If, however, there shall be (a) any default <br />in the payment of any sums due under the Note or this Deed of Trust <br />and, such default is not cured within 10 days from the due date, or <br />(b) any default in any of the other covenants, terms or conditions <br />of the Note secured hereby, or any failure or neglect to comply with <br />the covenants, terms or conditions contained in this Deed of Trust <br />or any other instrument securing the Note and such default is not <br />cured within 20 days after written notice, or (c) the occurrence of <br />a Nonappropriation as described in the Note, then and in any of such <br />events, without further notice, it shall be lawful for and the duty <br />of the Trustee, upon request of the Beneficiary, to sell the land <br />herein conveyed at public auction for cash, after having first given <br />such notice of heaxing as to commencement of foreclosure proceedings <br />and obtained such findings or leave of court as may then be required <br />by law and after having first given such notice and having first <br />advertised the time and place of such sale in such manner as may <br />then be provided by law, and upon such and any resales and upon <br />compliance with the law then relating to foreclosure proceedings <br />under power of sale to convey title to the purchaser in as full and <br />ample manner as the Trustee is empowered. The Trustee shall be <br />authorized to retain an attorney to represent him in such <br />proceedings. Notice under the Note and this Deed of Trust shall be <br />effective upon deposit in the United States mail, postage. prepaid, <br />addressed to the appropriate party or upon actual delivery: <br />The proceeds of the Sale shall after the Trustee retains his <br />commission, together with reasonable attorneys' fees incurred by the <br />Trustee in such proceeding, be applied to the costs of sale, <br />including, but not limited to, costs of collection, taxes, <br />assessments, costs of recording, service fees and incidental <br />expenditures, the amount due on the Note hereby secured and <br />
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