The trustee or mortgagee shall apply the proceeds of the sale as follows:
(1) To the expenses of the sale, including compensation of the trustee or mortgagee and a reasonable fee by the attorney;
(2) To the indebtedness owed;
(3) To all persons having recorded liens subsequent to the interest of the trustee or mortgagee as their interests may appear in the order of the priority; and
(4) The surplus, if any, to the grantor of the trust deed or to the successor in interest of the grantor entitled to the surplus.
Section: Previous 18-50-102 18-50-103 18-50-104 18-50-105 18-50-106 18-50-107 18-50-108 18-50-109 18-50-111 18-50-112 18-50-113 18-50-114 18-50-115 18-50-116 18-50-117 NextLast modified: November 15, 2016