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2000n,;666
<br />remain outstanding thereunder, and acceleration of payment of principal and interest on
<br />the Bonds pursuant to the Indenture, then the whole of the amounts referred to in the
<br />Agreement shall become due as provided in the Agreement and this Deed of Trust shall
<br />remain in force, and the Beneficiary may elect to cause the Project or any part thereof to
<br />be sold as follows:
<br />The Beneficiary may deliver to the Deed Trustee a written declaration of
<br />default and demand for sale. The Deed Trustee shall have the power of sale of the
<br />Project and if the Beneficiary decides that the Project is to be sold it shall deposit
<br />with the Deed Trustee this Deed of Trust, and shall deliver to the Deed Trustee a
<br />written notice of default and election to cause the Project to be sold, and the Deed
<br />Trustee, in turn, shall prepare a similar notice in the form required by law, which
<br />shall be duly filed for record by the Deed Trustee. After the lapse of such time as
<br />may be required by law following the recordation of the Notice of Default, and
<br />Notice of Default and Notice of Sale having been given as required by law, the Deed
<br />Trustee, without demand on the Trustor, shall sell the Project on the date and at
<br />the time and place specified in the Notice of Sale, at public auction to the highest
<br />bidder, the purchase price to be payable in lawful money of the United States at the
<br />time of sale. The person conducting the sale may, for any cause he or she deems
<br />expedient, postpone the sale from time to time until it shall be completed and, in
<br />every such case, notice of postponement shall be given by public declaration thereof
<br />by such person at the time and place last appointed for the sale; provided, if the sale
<br />is postponed for longer than one (1) day beyond the day designated in the Notice of
<br />Sale, notice thereof shall be given in the same manner as the original Notice of Sale.
<br />The Deed Trustee shall execute and deliver to the purchaser its deed and bill of sale
<br />conveying the Project so sold, but without any covenant or warranty, express or
<br />implied. Any statement or recital of fact in such deed in relation to the nonpayment
<br />of money hereby secured to be paid, existence of the indebtedness so secured, notice
<br />of advertisement, sale, receipt of money, and the happening of any of the aforesaid
<br />events whereby the successor Deed Trustee became successor as herein provided
<br />shall be prima facie evidence of the truth of such statement or recital.
<br />Unless otherwise provided by law, the purchase money, proceeds or avails
<br />of any sale made under or by virtue of this Section 7, together with all other sums
<br />which may be held by the Deed Trustee or the Beneficiary under this Deed of Trust,
<br />whether under this Section 7 or otherwise, shall be applied as follows: first, the cost
<br />and expenses of executing this Deed of Trust, including reasonable attorney fees
<br />and its services; second, to the payment of the reasonable costs and expenses of the
<br />sale, including reasonable compensation to the Deed Trustee, not to exceed five
<br />percent (5 %) of the outstanding balance, and the Beneficiary, its agents and
<br />counsel, and of any judicial proceedings wherein the same may be made and to the
<br />payment of all reasonable expenses, liabilities and advances made or incurred by
<br />the Deed Trustee under this Deed of Trust; third, to the payment of any and all
<br />reasonable sums expended under the terms hereof, not then repaid, with accrued
<br />interest and all other sums required to be repaid by the Trustor pursuant to any
<br />provisions of this Deed of Trust, including all reasonable expenses, liabilities and
<br />337230.3 -4-
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