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201701707 <br />Remedies on Default <br />28. The Beneficiary will have the right to pursue all remedies for the collection of the <br />amounts owing on this Trust that are provided for by Applicable Law (both federal and <br />state), whether or not such remedies are expressly granted in this Trust, including but <br />without limitation foreclosure proceedings. <br />29. If the Beneficiary invokes the power of sale, the Beneficiary will cause the Trustee to <br />execute a written notice of the event of default and the Beneficiary's election to sell the <br />Property. The Beneficiary or the Trustee will mail copies of the notice as prescribed by <br />Applicable Law to Trustor and other persons as required by Applicable Law. The <br />Trustee will give public notice of sale to the Trustor in the manner provided for by <br />Applicable Law. After the time required by Applicable Law, the Trustee, without <br />demand on the Trustor, will sell the Property at public auction to the highest bidder, at <br />the time and place and subject to the terms indicated in the notice of sale. The Trustee <br />may postpone sale of the Property by public announcement at the time and place of any <br />scheduled sale. <br />MISCELLANEOUS MATTERS <br />Interpretation and Headings <br />30. Headings are inserted for the convenience of the parties to the Trust and are not to be <br />considered when interpreting this Agreement. Words in the singular mean and include <br />the plural and vice versa. Words in the masculine gender mean and include the feminine <br />gender and vice versa. Words importing persons include firms and corporations and vice <br />versa. <br />Severability <br />31. If any provision of this Trust will be held invalid or be prohibited by the Applicable <br />Law, such provision will not invalidate the remaining provisions of this Trust and such <br />provisions of the Trust will be amended or deleted as necessary to comply with the <br />Applicable Law. <br />32. Nothing contained in this Trust will require the Trustor to pay or for the Beneficiary to <br />accept interest in an amount greater than that allowed by Applicable Law. If the payment <br />of interest or other amounts under this Trust would otherwise exceed the maximum <br />amount allowed under Applicable Law or violate any law as to disclosure or calculation <br />of interest charges, then the Trustor's obligations to pay interest or other charges will be <br />reduced or amended to the maximum rate or amount permitted under Applicable Law. <br />