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documents evidencing Obligations secured hereby, and shall deliver to Trustee a written notice of default and election to cause the Property to be sold, and the Trustee in turn shall prepare a similar Notice in the form required by law, which shall be duly filed of record by Trustee. 4831 - 6145 -05 17.1 201307649 (a) After the lapse of such time as may be required by law following the recordation of said notice of default, and notice of default and notice of sale having been given as required by law, Trustee, without demand on Trustor, shall sell the Property on the date and at the time and place designed in said notice of sale, at public auction to the highest bidder, the purchase price payable in lawful money of the United. States at the time of sale. The person conducting the sale may, for any cause he deems expedient, postpone the sale from time to time until it shall be completed and, in every such case, notice of postponement shall be given by public declaration thereof by such person at the time and place last appointed for the sale; provided, if the sale is postponed for longer than one (1) day beyond the day designated in the notice of sale, notice thereof shall be given in the same manner as the original notice of sale. Trustee shall execute and deliver to the purchaser his Deed conveying the Property sold, but without any covenant or warranty, express or implied. The recitals in the Deed of any matters or facts shall be conclusive proof of the truthfulness thereof. Any person, including Beneficiary, may purchase at the sale. (b) When Trustee sells pursuant to the powers herein, the Trustee shall apply the proceeds of the sale to payment of the costs and expenses of exercising the power of sale and of the sale, including, but not limited to, the payment of the Trustee's fees actually incurred, and then to the items in subparagraph (c) in the order there stated. (c) After paying the items specified in subparagraph (b) if the sale is by Trustee, or after payment of proper court costs if the sale is pursuant to judicial foreclosure, the proceeds of sale shall be applied in the order stated below: (i) Cost of any evidence of title procured in connection with such sale and of any revenue stamps; (ii) Attorney fees and costs of collection; (iii) All sums then secured by this Deed of Trust; (iv) Junior trust deeds, mortgages, or other lienholders; (v) The remainder, if any, to the person legally entitled thereto. 11. Duties and Obligations of Trustee. (a) The duties and obligations of Trustee shall be determined solely by the express provisions of this Deed of Trust and Trustee shall not be liable except for the performance of such duties and obligations as are specifically set forth herein, and no implied covenants or obligations shall be imposed upon Trustee; (b) No provision of this Deed of Trust shall require Trustee to expend or risk its own funds, or otherwise incur any financial obligation in the performance of any of its duties hereunder, or in the exercise of any of its rights or powers, if it shall have grounds for believing that the repayment of such funds or adequate indemnity against such risk or liability is not reasonably assured to it; (c). Trustee may consult with counsel of its own choosing and the advice of such counsel shall be full and complete authorization and protection in the respect of any action taken or suffered by it in good faith and reliance thereon; (d) Trustee shall not be liable for any action taken by it in good faith