Common use of Trustee’s Deed; Proceeds of Sale Clause in Contracts

Trustee’s Deed; Proceeds of Sale. Trustee will deliver to the purchaser a Trustee’s deed conveying the Property without any covenant or warranty, expressed or implied. The recitals in the Trustee’s deed will be prima facie evidence of the truth of the statements made in that deed. Trustee will apply the proceeds of the sale in the following order: (i) to all expenses of the sale, including, but not limited to, reasonable Trustee’s and attorneys’ fees and costs; (ii) to all sums secured by this Security Instrument; and (iii) any excess to the person or persons legally entitled to it. If the Property is sold pursuant to this Section 26, Borrower, or any person holding possession of the Property through Borrower, will immediately surrender possession of the Property to the purchaser at the sale. If possession is not surrendered, Borrower or such person will be a tenant at will of the purchaser and agrees to pay the purchaser the reasonable rental value of the Property after sale.

Trustee’s Deed; Proceeds of Sale. Trustee will deliver to the purchaser a Trustee’s deed conveying indefeasible title to the Property without any covenant or warranty, expressed or impliedwith covenants of general warranty from Borrower. Borrower covenants and agrees to defend generally the purchaser’s title to the Property against all claims and demands. The recitals in the Trustee’s deed will be prima facie evidence of the truth of the statements made in that deed. Trustee will apply the proceeds of the sale in the following order: (i) to all expenses of the sale, including, but not limited to, reasonable Trustee’s and attorneys’ fees and costs; (ii) to all sums secured by this Security Instrument; and (iii) any excess to the person or persons legally entitled to it. If the Property is sold pursuant to this Section 26, Borrower, Borrower or any person holding possession of the Property through Borrower, Xxxxxxxx will immediately surrender possession of the Property to the purchaser at the that sale. If possession is not surrendered, Borrower or such person will be a tenant Tenant at will sufferance and may be removed by writ of the purchaser and agrees to pay the purchaser the reasonable rental value of the Property after salepossession or other court proceeding.

Trustee’s Deed; Proceeds of Sale. Trustee will deliver to the purchaser a Trustee’s deed conveying the Property without any covenant or warranty, expressed or implied. The recitals in the Trustee’s deed will be prima facie evidence of the truth of the statements made in that deed. Trustee will apply the proceeds of the sale in the following order: (i) to all expenses of the sale, including, but not limited to, reasonable Trustee’s and attorneys’ fees and costs; (ii) to all sums secured by this Security Instrument; and (iii) any excess to the person or persons legally entitled to it. If the Property is sold pursuant to this Section 2620, Borrower, or any person holding possession of the Property through Borrower, will immediately surrender possession of the Property to the purchaser at the sale. If possession is not surrendered, Borrower or such person will be a tenant at will of the purchaser and agrees to pay the purchaser the reasonable rental value of the Property after sale.