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) the surplus, if any, less the clerk’s filing fee, shall be deposited, together with all documents required under Applicable Law, with the clerk of the superior court of the county in which the sale took place.
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Samples: Subordinate Deed of Trust, Deed of Trust, Deed of Trust
