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HomeMy WebLinkAbout26laws bidder for cash at public auction. Such sale steall be made m accordancehaper 9tii the of the State of Washington relating to the sale of real dateOr tor bar C h laws now exist UCC relating to the sale of collateral after default by other present or laws n subsequent or may be hetcaftet amended or succeeded), or sp ct to en notices required or articles or enactments relating to same. ";biter iv respect Y permitted under the UCC, Grantor agrees that five (g) 5 prior written under shall be deemed commel:iaily reasonable' At any such sale (i) whether made wider the power herein contained, the UCC. any other legal requuement or by virtue of any judicial proceedings or any other legal right, remedy Of recourse, it shall not be necessary for Trustee to be physically present at or to have cormucnve possession of Grantor shall deliver to Trustee arty portion of the Mortgaged the Mortgaged Property ( utee immediately upon demand Property not acr wally or constructively possessed by ass to by Trustee), and the title to and right of possession of any such Y actually been present re� and the Put chaser thereof as completely as if fnrsta instrument of conveyante executed by delivered to purchaser at such sale, () of title, binding upon Grantor, (iii) each recital Trustee shall contain a general warranty tee made by Trustee shall conclusively contained in any instrument of conveya establish he myth and accuracy of due matters recited therein, including, without limitation, nonpayment of the indebtedness, advertisemencouct of such any successor r the mariner provided herein and otherwise bylaw, and appointmentf'such sale shall be Trustee hcrnutder, (iv) any preregtusites to the validity conclusively presumed to have been performed (v) the receipt of of or p or other party malong the sale shall he a sufficient discharge to the purchaser or purchasers for base money aid no such ptuehaso or purchases, his at thou pure or his or their essigtrs sentatives, shall thereaftes be obligated to tie to the application of or personal repre such purchase money or be im any way answerable for any loss, misapplication or w, Grantor shall be nonapplication thereof, and (vi) to the fullest extent permitted by la completely and irrevocably divested of all of its right, otle, interest, claim, equity, equity of redemption, and demand whatsoever, either at law or m equity, in and to the property sold and such sale shall be a perpetual bar both at law and in equity against Cnantor, and against all other persons claiming or to chum the property sold or any part thereof, by, through or under Grantor. Beneficiary may be a Purchaser at such salt and if Beneficiary is the highest bidder, may credit the portion of the Purchase price that would be distributed to Beneficiary against the Indebtedness in lieu of paying cash. (e) Make application to a court of competent jurisdiction for, and obtain from such coral as a matter of strut rot and without notice to Grantor this repayment of the or regard to the adequacy of the Mortgaged Property folf and Grantor lndebtedwss> the appointwcnt of a receiver of the mortgaged iver Property, veha an Cite usual irrevocably consents to such appointment Any the full cr a rent powers and duties of receivers in similar cases. including PQ