Exercise of Power of Sale. The Trustee shall apply the proceeds of the Trustee’s sale, first to the costs and expenses the power of sale and of the sale, including the payment of the Trustee’s fees actually incurred not to exceed the amount which may be provided for in the Security Instrument, second, to the payment of the obligation secured by the Security Instrument, third, to the payment of junior deeds of trust, mortgages or other lienholders, and the balance, if any, to the person or persons legally entitled thereto.
Appears in 2 contracts
Sources: Deed of Trust and Security Agreement (Infousa Inc), Deed of Trust and Security Agreement (Infousa Inc)