Common use of Rescission of Notice of Default Clause in Contracts

Rescission of Notice of Default. The Beneficiary at any time before the Trustee's sale, may rescind any notice of default and of election to cause the Deed of Trust Collateral to be sold by executing and delivering to the Trustee a written notice of such rescission, which notice shall also constitute a cancellation of any prior such declaration of default and demand for sale. The exercise by the Beneficiary of such right of rescission shall not constitute a waiver of any Event of Default then existing or subsequently occurring, shall not impair the right of the Beneficiary to execute and deliver to the Trustee, as provided above, other such declarations of default and demands for sale and shall not otherwise affect any provision, agreement, covenant or condition of this Deed of Trust or the rights, obligations or remedies of the parties hereunder.

Rescission of Notice of Default. The Beneficiary at any Beneficiary, from time to time before the any Trustee's salesale as provided above, may rescind any notice Notice of default Default and Election to Sell or Notice of election to cause the Deed of Trust Collateral to be sold Sale by executing and delivering to the Trustee a written notice of such rescission, which notice notice, when recorded, shall also constitute a cancellation of any prior such declaration of default and demand for sale. The exercise by the Beneficiary of such right of rescission shall not constitute a waiver of any Event of Default then existing or subsequently occurring, shall not or impair the right of the Beneficiary to execute and deliver to the Trustee, as provided above, other such declarations or notices of default and demands or demand for sale of the Trust Property to satisfy the obligations secured hereby, and shall not otherwise affect any provision, agreement, covenant or condition of this Deed of Of Trust or any of the rights, obligations or remedies of the parties Trustee or Beneficiary hereunder.

Rescission of Notice of Default. The Beneficiary at any from time to time before the ------------------------------- Trustee's sale, may rescind any notice of default and of election to cause the Deed of Trust Collateral Property to be sold by executing and delivering to the Trustee a written notice of such rescission, which notice notice, when recorded, shall also constitute a cancellation of any prior such declaration of default and demand for sale. The exercise by the Beneficiary of such right of rescission shall not constitute a waiver of any Event of Default breach or default then existing or subsequently occurring, shall not occurring or impair the right of the Beneficiary to execute and deliver to the Trustee, as provided above, other such declarations of default and demands demand for sale sale, notices of default and shall not of election to cause the Property to be sold to satisfy the obligations hereof, or otherwise affect any provision, agreement, covenant or condition of the Note, of this Deed of Trust or any of the rights, obligations or remedies of the parties hereunder.