Opinion ID: 1613612
Heading Depth: 1
Heading Rank: 2

Heading: did the crafts incur an obligation to pay a trustee's fee?

Text: We assume, without deciding, that under the ninth paragraph of the deed of trust, when the mortgagor commits waste on the property, the beneficiary is not required to declare acceleration of the indebtedness or give notice of it. [1] Tender of principal and interest owing on the note had been made and refused before the trustee began foreclosure proceedings by posting and publication of foreclosure notice. The deed of trust provides that out of the proceeds arising from such sale or sales, the trustee's fee shall be paid. This is the measure of the obligation to pay a trustee's fee. There could be no sale because tender of the full amount due under the terms of the note was made before foreclosure proceedings began. The deed of trust does not provide for the payment of a trustee's fee where, as here, the trustee did some work preparing for foreclosure [by dictating the foreclosure notice] before the mortgagor tenders the full amount due under the note. In sum, a trustee's fee is not provided for in this deed of trust where the debt is paid [or tendered] prior to the beginning of foreclosure proceedings by posting and publication of notice of sale. We hold, therefore, that no obligation arose to pay a trustee's fee under the facts and the provisions of the deed of trust.