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<br />(c) Deliver to Trustee a written declaration of default and demand for sale, and a
<br />written notice of default and election to cause Trustor's interest in the Trust Estate to be sold,
<br />which notice Trustee shall cause to be duly filed for record in the appropriate Official Records
<br />of the County in which the Trust Estate is located.
<br />11. FORECLOSURE BY POWER OF SALE. Should Beneficiaries elect to foreclose
<br />by exercise of the Power of Sale herein contained, Beneficiaries shall notify Trustee and shall
<br />deposit with Trustee this Deed of Trust and the Note and such receipts and evidence of
<br />expenditures made and secured hereby as Trustee may require.
<br />(a) Upon receipt of such notice from Beneficiaries, Trustee shall cause to be recorded,
<br />published and delivered to such Notice of Default and Notice of Sale as then required by law
<br />and by this Deed of Trust. Trustee shall, without demand on Trustor, after such time as may
<br />then be required by law and after recordation of such Notice of Default and after Notice of Sale
<br />having been given as required by law, sell the Trust Estate at the time and place of sale fixed
<br />by it in such Notice of Sale, either as a whole, or in separate lots or parcels or items as
<br />Trustee shall deem expedient, and in such order as it may determine, at public auction to the
<br />highest bidder for cash, in lawful money of the United States, payable at the time of sale.
<br />Trustee shall deliver to such purchaser or purchasers thereof, its good and sufficient deed or
<br />deeds, conveying the property so sold, but without any covenant or warranty, express or
<br />implied. The recitals in such deed of any matters or facts shall be conclusive proof of the
<br />truthfulness thereof. Any person, including, without limitation, Trustee, and Beneficiaries, may
<br />purchase at such sale, and hereby covenants to warrant and defend the title of such
<br />purchaser or purchasers.
<br />(b) As may be permitted by law, after deducting all costs, fees, expenses of Trustee
<br />and of this Trust, including costs of evidence of title in connection with sale, Trustee shall
<br />apply the proceeds of sale to payment of (i) all sums expended under the terms hereof, not
<br />then repaid, with accrued interest at ten (10 %) percent per annum, (ii) all other sums then
<br />secured hereby, and (iii) the remainder, if any, to the person or persons legally entitled thereto.
<br />(c) Trustee may, in the manner provided by law, postpone sale of all or any portion of
<br />the Trust Estate.
<br />12. REMEDIES NOT EXCLUSIVE. Trustee and Beneficiaries, and each of them, shall
<br />be entitled to enforce payment and performance of any indebtedness or obligations secured
<br />hereby and to exercise all rights and powers under this Deed of Trust or under any Loan
<br />Instrument or other agreement or any laws now or hereafter in force, notwithstanding some or
<br />all of the such indebtedness and obligations secured hereby may now or hereafter be
<br />otherwise secured, whether by mortgage, deed of trust, pledge, lien, assignment or otherwise.
<br />Neither the acceptance of this Deed of Trust nor its enforcement whether by court action or
<br />pursuant to the power of sale or other powers herein contained, shall prejudice or in any
<br />manner affect Trustee's or Beneficiaries' right to realize upon or enforce any other security
<br />now or hereafter held by Trustee or Beneficiaries, it being agreed that Trustee and
<br />Beneficiaries, and each of them, shall be entitled to enforce this Deed of Trust and any other
<br />security now or hereafter held by Beneficiaries or Trustee, in such order and manner as they
<br />or either of them may in their absolute discretion determine. No remedy herein conferred
<br />upon or reserved to Trustee or Beneficiaries is intended to be exclusive of any other remedy
<br />herein or by law provided or permitted, but each shall be cumulative and shall be in addition to
<br />every other remedy given hereunder or now or hereafter existing at law or in equity or by
<br />Statute. Every power or remedy given by any of the Loan Instruments to Trustee or
<br />Beneficiaries or to which either of them may be otherwise entitled, may be exercised,
<br />concurrently or independently, from time to time, and as often as may be deemed expedient
<br />by Trustee or Beneficiaries; and either of them may pursue inconsistent remedies. Nothing
<br />herein shall be construed as prohibiting Beneficiaries from seeking a deficiency judgment
<br />against the to the extent such action is permitted by law.
<br />13. REQUEST FOR NOTICE. Trustor hereby requests a copy of any notice of default,
<br />and that any notice of sale hereunder be mailed to them at the address set forth in the first
<br />paragraph of this Deed of Trust.
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