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201602086 Trustor fails to pay such sums prior to the expiration of such period, Beneficiary or Trustee may invoke, without further notice to Trustor, any remedies or rights permitted under this Deed. 14. Acceleration and Remedies. Except as provided in Paragraph 13, upon the Trustor's breach of any covenant or agreement of Trustor in this Deed, including the covenant to pay when due any sums secured by this Deed, Beneficiary or Trustee prior to acceleration shall mail notice to the Trustor as provided in Paragraph 11 which specifies: (i.) The Trustor's breach; (ii.) The action required by the Trustor to cure the breach; (iii.) A date (not less than thirty (30) days from the date that the notice was mailed) by which such breach must be cured; and (iv.) That failure to cure the breach on or before the date in the notice may result in acceleration of the sums secured by this Deed and sale of the Property. The notice shall further inform Trustor that if the breach is not cured on or before the date specified in the notice, Beneficiary or Trustee, at its option, may declare all of the sums secured by this Deed to be immediately due and payable without further demand and may invoke the power of sale granted in this paragraph and any other remedies permitted by applicable law. Trustor hereby appoints Trustee, the agent and attorney -in -fact for Trustor to exercise the power of sale granted in this paragraph. If Trustee invokes the power of sale, Trustee shall mail a copy of a notice of sale to Trustor in the manner provided in Paragraph 11 and shall give notice of sale by public advertisement for the time and in the manner prescribed by applicable law. Trustee, without further demand on Trustor, shall sell the Property at public auction to the highest bidder at the time and place under the terms designated in the notice of sale in one or more parcels and in such order as Beneficiary may determine. Trustee or a designee of Beneficiary may purchase the Property at any sale. Trustee shall deliver to the purchaser Trustee's deed to the Property in fee simple and Trustor hereby appoints Trustee as Trustor's agent and attorney -in -fact to make such conveyance. The recitals in Trustee's deed shall be prima facie evidence of the truth of the statements therein. Trustor covenants and agrees that Trustee shall apply the proceeds of the sale in the following order: (i.) All reasonable costs and expenses of the sale, including, but not limited to, reasonable attomey's fees and costs of title evidence; (ii.) To all sums secured by this Deed; and (iii.) The excess, if any, to the person or persons legally entitled thereto. The power and agency hereby granted are coupled with an interest, are irrevocable by death or otherwise, and are cumulative to the remedies for collection of said indebtedness as provided by law. If the Property is sold pursuant to this paragraph, Trustor, or any person holding possession of the Property through Trustor, shall immediately surrender possession of the Property to the purchases at such sale. If possession is not surrendered, Trustor or such person shall be a tenant holding over and may be dispossessed in accordance with applicable law.