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HomeMy WebLinkAbout20rh the amounts collected by Trustee in connection therewith in accordance wi provisions of Section 4.7. (d) Earecoaure aq¢$H�4 Sell or offer for sale the Mortgaged Property, Judicially or nonjudicially, in such portions, order and parcels as Beneficiary may determine, with or without having first taken possession of same, to the highest bidder for cash at public auction. Such sale shall be made in accordance with the laws of the State of Wash ngton relating to the de of teal debtor has such laws now exist UCC relating to the sale of collateral after default >� odrer present or subsequent or may be hereafter amended orosuc�^cee dWuth respect to any notices required or articles or enactments relating a der s prior written notice shall Permitted under the UCC, Grantor agrees that five (5) Y � P be deemed commercially seasonable. other lct any uch al rc�uirretnenet�vr by er virtmadeue of any power herein contained, the UCC, any remedy or recourse, b shall not be judicial proceedings or any other legal tight ssion of necessary for Trustee to be physically present at or to have constructive posse the Mortgaged property (Grantor shall deliver to Trustee any portion of the hlongaged property not actually or cunstructively possessed by Trust sucimmediately p�smo d by Trustee), ant: the title to and right of posscssion of any P Pc and the purchaser thereof as completely as if Trustee had been actually present delivered to purchaser at such sale, (ii) each instrument ou cooveyance executed n rirantor, (iu) eachrecital Trustee shall contain 1 general warranty of title, binding Do contained in any instrument of conveyance, made by Trustee shall conclusively without establish the truth and accuracy of the matters recited herein including limitation, nonpayment of the Indebtedness, advertisement and conduct any SUuc soy the mariner provided herein and otherwise by pPo Trustee hereunder, (iv) any prerequisites to the validity offss,chosall shall be outer conclusively presumed to have been performed. () receipt of for party malting the sale shall be a sufficient discharge to the purchaser or purchasers his or their purchase money and no such puurhasa or purchasers, or his application r their afro Of personal representatives, shall thereaftrwerabic for any ass mibe obligated to see to sapplication or such purchase money or be in any way law, Grantor shall b nonapplication the, and (vi) to the fullest extent permitted by completely and irrcvocabiy divested of all of itseri� Attdlainterest, of'a ec� � to the equityand demand whatsoever, y, old and be a Perpetual bar both at low and in equity against properry, sold and such sal shall �� clamming or to claim the pro;cm' sold or any pu Grantor, andagainst be a urn6aser at such sale a thereof, by, through or under Grantor. Beneficiary may P if Beneficiary is the highest bidder, tnay st thedit n debtedoeas in lieu of ppryinti cash.e portion Of the Pu-rcb&se Price t would be distributed to B�enef ary again (e) Receiver. Make appiication to a cunt of competent juuisdictior for, and obtain from such court as a matter of strict right and without notice to Grant' I