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Declaration of Default and Demand for Sale

We hereby instruct All American Foreclosure Service (AAFS), as Substituted Trustee/Agent for Beneficiary to initiate foreclosure on the Deed of Trust and Promissory Note executed by:

Borrower/Trustor Name

Unpaid Principal Balance is $

Interest Rate %

Maturity Date of Note

Oldest Monthly Payment Due

Interest Paid to Date

Monthly Payment Amount $

Monthly Late Charge $

Accumulated/Unpaid Late Charges, IF ANY, Prior to Delinquency $

Default exists because

Late Payments

Matured Loan

Delinquencies due on a Senior Encumbrance

Delinquencies due on Real Estate Taxes/Fire Insurance, etc.

Other...

Default exists because Other...

Advances have been made in the following amounts

Senior Trust Deed(s) $

Date

Insurance $

Date

Taxes $

Date

Others $

Date

Loan Brokers: Do not include advances made by the company for the benefit of investors.

The name and all known addresses of the Present Property Owner (Borrower/Trustor)

1. Name and Address

2. Name and Address

Property Address

Street Address

City

State

Zip Code

Property is

Improved

Vacant

Construction

Property Address 2

Street Address

City

State

Zip Code

Property is

Improved

Vacant

Construction

Property Address 3

Street Address

City

State

Zip Code

Property is

Improved

Vacant

Construction

Property Address 4

Street Address

City

State

Zip Code

Property is

Improved

Vacant

Construction

Property Address 5

Street Address

City

State

Zip Code

Property is

Improved

Vacant

Construction

Beneficiary (Loan Servicing Agent, contact person)

Name

Street Address

City

State

Zip Code

Phone No.

Extension #

Fax No.

Email Address

Beneficiary 2

Name

Street Address

City

State

Zip Code

Phone No.

Extension #

Fax No.

Email Address

Beneficiary 3

Name

Street Address

City

State

Zip Code

Phone No.

Extension #

Fax No.

Email Address

Is this a RESIDENTIAL loan occupied by the borrower?

Yes

Are any structures on the property occupied as a residence?

Yes

Is the billing address different than the property address?

Yes

Is there a Balloon Payment Notice or any other "Notice" required?

Yes

If Balloon Payment Notice or any other notice has been mailed, provide this office with a copy.

Are you aware of any bankruptcy proceedings, restraining orders or legal action(s) involving the property in question?

Yes

Has this loan ever been in foreclosure before?

Yes

Are you using a loan servicing company to collect payments?

Yes

(If yes, please inform them in writing not to accept payments while the loan is in foreclosure).

Special Requests or Comments

Declaration of Default

NOTICE OF HEREBY GIVEN: That as duly appointed or substituted Trustee you are notified of a breach and default in the obligations secured by that certain

Deed of Trust dated

Recorded on

In the County of

Executed by

And by

BREACH AND DEFAULT HAS OCCURRED FOR NON PAYMENT OF THE FOLLOWING:

Payments

Maturity of Note

Delinquent Property Taxes/Insurance

Advances by Beneficiary

By reason of this default the undersigned, who holds the beneficial interest, makes this declaration of default and elects to cause the trust property to be sold to satisfy the obligations secured by this Deed of Trust.

Now owing the unpaid principal balance of

unpaid principal balance of $

with interest from

and all sums advanced or expended as per the terms of this Deed of Trust, together with interest as provided.

I/We hand you herewith a copy of the said Deed of Trust and Note together with any assignments and will provide upon our demand the original note, deed of trust and any subsequent assignments and/or modifications.

Per the terms of the Deed of Trust and Promissory Note, the Beneficiary and their Agent certify that the required notification provisions as may be applicable to this loan have been complied with. The Beneficiary and/or Agent agree to provide any and all documentation in conjunction with the foreclosure action as required by All American Foreclosure Service (referenced as AAFS), their Successors, Agents, Employees or Officers. Also, the Beneficiary and their Agents(s) irrevocably indemnify and hold harmless and indemnifies AAFS, its Agents, Employees, LLC, Subagents, Officers, Principals and any Successors In Interest from any and all matters concerning the execution of the loan documents, assignments, modifications and the continuance of foreclosure proceedings, including the computation of correctness of any and all amounts stated as being due to the Beneficiary and / or any other matters of record or off record which may, or may not, have been brought to the attention of Beneficiary or AAFS. The Beneficiary and their Agent also indemnifies AAFS from any and all liability, including reasonable attorney’s fees and cost incurred in defending a legal action naming AAFS or their Officers, Employees or Agents as a defendant which might arise during the course of or subsequent to AAFS’s execution of its duties hereunder, unless said liability arises due to AAFS’s own negligence or mistake as determined by a court of competent jurisdiction. The undersigned person and/or company authorizing the foreclosure do acknowledge that they are authorized to start foreclosure based on documentation and / or authority bestowed on them. All fees and charges incurred by and owed to AAFS during the foreclosure and collection proceedings will be guaranteed by the beneficiary and their agent to be paid upon demand by AAFS. In addition, any legal fees or costs to collect such fees and charges shall be paid by the Beneficiary or Agent. The Beneficiary or Agent also represent that they have no knowledge of any bankruptcy or legal action pending against the Trustors or themselves. The Beneficiary or their Agent have possession of the original documents and, if not tendered to AAFS, will produce them upon demand. AAFS shall be entitled to act pursuant to this authorization unless and until Beneficiary gives written notice to AAFS countermanding or canceling this agreement, which shall be effective only from the date of receipt of such notice and upon paying any and all amounts due AAFS. Until they are paid in full, AAFS shall have a lien on the Deed of Trust and Promissory Note in an amount equal to any amount owed to them.

I also certify that I am the Beneficiary or the representative and agent of all beneficiaries under the subject Deed of Trust, and Promissory Note, as such, have legal authority to commit each Beneficiary to the payment, jointly and severally, of the total charges, cost and expenses to perform the foreclosure. AT THE OPTION OF ONLY AAFS AND WITHOUT FURTHER NOTICE, IT IS HEREBY UNDERSTOOD AND AGREED UPON THAT AAFS WILL NOT CONDUCT THE TRUSTEE'S SALE AND/OR RECORD A TRUSTEE'S DEED UNTIL ALL FEES DUE AAFS ARE PAID IN THEIR ENTIRETY.

Agreement *

I have read, understood, and agree to the DECLARATION OF DEFAULT and DEMAND FOR SALE Agreements.

This Declaration is executed by:

Name of Beneficiary or Agent 2

Files to Attach to this Declaration

Attached file(s) must be in PDF format.

Promissory Note