TAXID947033 Deed of Trust - Laserfiche WebLink

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fee does not waive its right to require prompt payment when due of all other sums so secured or to declare default for failure to so pay. 4.3 The Trustee shall reconvey all or any part ofthe Properly covered by this Deed of Trust to the person entitled thereto on written request of the Grantor and the Beneficiary, or upon satisfaction of the obligation secured and written request for reconveyance made by the Beneficiary or the person entitled thereto. 4.4 Upon default by Grantor in the payment ofany indebtedness secured hereby or in the performance ofany agreement contained herein, all sums secured hereby shall immediately become due and payable at the option of the Beneficiary. In such event and upon written request of the Beneficiary, Trustee shall sell the trust property, in accordance with the Deed of Trust Act ofthe State of Washington, at public auction to the highest bidder. Any person except Trustee may bid at Trustee's sale. Trustee shall apply the proceeds of the sale as follows: 4.4.1 To the expense of sale, including areasonable Trustee's fee and attorney's 4.4.2 To the obligation secured by this Deed of Trust; 4.4.3 The surplus , if any, shall be dishibuted to the persons entitled thereto. 4.5 Trustee shall deliver to the purchaser at the sale its deed, without warranty, which shall convey to the purchaser the interest in the Property which Grantor had or had the power to convey at the time of his execution ofthis Deed of Trust, and such as he may have acquired thereafter. Trustee's deed shall recite the facts showing that the sale was conducted in compliance with all the requirements of law and of this Deed of Trust, which recital shall be prima facie evidence thereof in favor of bona fide purchasers and encumbrances for value. 4.6 The power of sale confered by this Deed of Trust and by the Deed of Trust Act of the State of Washington is not an exclusive remedy;Beneficiary may cause this Deed of Trust to be foreclosed as a mortgage. 4.7 Grantors' interest hereunder, including the sale of the Property or any portion thereof, shall not be assigned, sold or otherwise transferred prior to payment in full of the principal and interest accruing on the Promissory Note executed by the parties of even date, unless Beneficiary shall have first approved, in writing, the proposed assignee, purchaser or transferee. IfBeneficiary exercises such option to accelerate, Beneficiary shall mail Grantor notice of acceleration to Grantor's last known mailing address. Such notice shall provide a period of not less than 30 days from the date the notice is mailedwithin which Grantor may pay the sums declared due. If Grantor fails to pay such sums prior to the expiration of such period, Beneficiary may, without further notice or demand on Grantor, invoke any remedies permitted by paragraph 4.4 hereof. 4.8 In the event of the death, incapacity or disability or resignation of Trustee, Beneficiary may appoint in writing a successor trustee, and upon the recording of such appointment in the mortgage records of the county in which this Deed of Trust is recorded, Kittitas County, the successor trustee shall be vested with all powers of the original trustee. The trustee is not obligated to Page 3 of4