TRUST DEED FORECLOSURE - Professional Liability Fund

SAMPLE 4 – DEFAULT LANGUAGE (step 4)I.Monthly principal and interest installments of $[amount] each beginning [date], untilpaid, plus monthly escrow installments of $[amount] each beginning [date], until paid;accrued late charges in the amount of $[accrued late charges] as of [date], plus monthlylate charges of $[monthly late charges] each beginning [date], until paid; delinquentproperty taxes, if any; cost of foreclosure report; attorney's fees; together with any othersums due or that may become due under the Note or by reason of this foreclosure andany further advances made by Beneficiary as allowed by the Note and Deed of Trust.II.The principal sum of $[principal sum] with interest on the principal balance at the rate of[percent] percent per annum, from [date], until paid; accrued late charges in the amountof $[accrued late charges] as of [date], plus monthly late charges of $[monthly latecharges] each beginning [date], until paid; escrow advances in the amount of $[escrowadvances]; prepayment premium, if applicable; cost of foreclosure report; attorney'sfees, trustee's fees, together with any other sums due or that may become due underthe Note or by reason of this foreclosure and any further advances made by Beneficiaryas allowed by the Note and Deed of Trust.Page 12 of 41 [Rev. 7/2012]PROFESSIONAL LIABILITY FUND (TRUST DEED FORECLOSURE CHECKLIST.DOC)