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-11- 200004084 5.4 Foreclosure. Upon the occurrence of an Event of Default, Trustee, or his successor or substitute, is authorized and empowered and it shall be his special duty at the request of Beneficiary to sell the Premises or any part thereof situated in this State, at the courthouse of any county (whether or not the counties in which the Premises is located are contiguous, if the Premises is located in more than one county) in the State or Commonwealth in which any part of the Premises is situated, at public venue to the highest bidder for cash between the hours of ten o'clock a.m. and four o'clock p.m. on the first Tuesday in any month or at such other place, time and date as provided by the statutes of the State or Commonwealth in which the Premises is located then in force governing sales of real estate under powers of sale conferred by deed of trust, after having given notice of such sale in accordance with such statutes. Any sale made by Trustee hereunder shall be as an entirety or in such parcels as Beneficiary may request. To the extent permitted by applicable law, any sale may be adjourned by announcement at the time and place appointed for such sale without further notice except as may be required by law. The sale by Trustee of less than the whole of the Premises shall not exhaust the power of sale herein granted, and Trustee is specifically empowered to make successive sale or sales under such power until the whole of the Premises shall be sold; and, if the proceeds of such sale of less than the whole of the Premises shall be less than the aggregate of the Indebtedness Hereby Secured and the expense of executing this trust as provided herein, this Deed of Trust and the lien hereof shall remain in full force and effect as to the unsold portion of the Premises just as though no sale had been made; provided, however, that Trustor shall never have any right to require the sale of less than the whole of the Premises but Beneficiary shall have the right, as its sole election, to request Trustee to sell less than the whole of the Premises. Trustee may, after any request or direction by Beneficiary, sell not only the real property but also the Collateral (as defined Section 6 of this Article) and other interests which are a part of the Premises, or any part thereof, as a unit and as a part of a single sale, or may sell any part of the Collateral separately from the remainder of the Premises. It shall not be necessary for Trustee to have taken possession of any part of the Premises or to have present or to exhibit at any sale any of the Collateral. After each sale, Trustee shall make to the purchaser or purchasers at such sale good and sufficient conveyances in the name of Trustor, conveying the property so sold to the purchaser or purchasers with special warranty of title by Trustor, subject to the covenants, rights of way, easements, conditions, restrictions, and other matters of public record and matters which an accurate survey would reveal (and to such subleases and other subordinate matters, if any, as Trustee may elect upon request of Beneficiary), and shall receive the proceeds of said sale or sales and apply the same as herein provided. Payment of the purchase price to the Trustee shall satisfy the obligation of purchaser at such sale therefor, and such purchaser shall not be responsible for the application thereof. The power of sale granted herein shall not be exhausted by any sale held hereunder by Trustee or his substitute or successor, and such power of sale may be exercised from time to time and as many times as Beneficiary may deem necessary until all of the Premises and Collateral has been duly sold and all Indebtedness Hereby Secured has been fully paid. In the event any sale hereunder is not completed or is defective in the opinion of Beneficiary, such sale shall not exhaust the power of sale hereunder and Beneficiary shall have the right to cause a subsequent sale or sales to be made hereunder. Any and all statements of fact or other recitals made in any deed or deeds LEASEHOLD DEED OF TRUST 692960.5