Application of Foreclosure Sale Proceeds. In the event of any ---------------------------------------- foreclosure sale, Trustee shall apply the proceeds of such sale in the following order of priority: First, to the costs, fees and expenses of exercising its ----- rights to cause such sale, including, without limitation, the payment of Trustee's fees and attorneys' fees; Second, to the payment of the Obligations ------ which are secured by this Deed of Trust, in such order as Beneficiary shall determine in its sole discretion; Third, to satisfy the outstanding balance of ----- obligations secured by any junior liens or encumbrances in the order of their priority; and Fourth, to the Trustor or the Trustor's successor in interest, or ------ in the event the Secured Property has been sold or transferred to another, to the vested owner of record at the time of the Trustee's sale.
Appears in 6 contracts
Samples: Deed of Trust (Discovery Investments Inc), Deed of Trust (Discovery Investments Inc), Deed of Trust (Discovery Investments Inc)
