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hereby, the Beneficiary may declare all sums secured immediately due and payable by delivery to Trustee of written declaration of default. The Trustee shall have the power of sale of the Property, and if Beneficiary desires the Property to be sold, it shall deposit with the Trustee this Trust Deed and all Notes and documents evidencing expenditures secured hereby, and shall deliver to Trustee a written notice of default and election to cause the Property to be sold, and the Trustee, in turn, shall prepare a similar notice in the form required by law, which shall be filed for record by the Trustee. (a) After the lapse of such time as may be required by law following the recordation of said Notice of Default, and Notice of Sale of the Property having been given as required by law, Trustee, without demand on Trustor, shall sell the Property on the date and at the time and place set forth in the Notice of Sale, at public auction, to the highest bidder, the purchase price thereof being payable in lawful monies of the United States at the time of the sale. The person conducting the sale may, for any cause it deems expedient, postpone the sale from time to time until it shall be completed and, in every case, notice of postponement shall be given by public declaration thereof by such person at the time and place last appointed for the sale; provided, that if the sale is postponed longer than one (1) day beyond the date designated in the Notice of Sale, notice thereof shall be given in the same manner as the original Notice of Sale. Trustee shall execute and deliver to the purchaser his deed conveying the Property sold, but without covenants or warranty, express or implied. The recitals in the deed of any matters of fact shall be conclusive proof of the truthfulness thereof. Any person, including Beneficiary and Trustee, may purchase at the sale. (b) When the Trustee sells pursuant to the power of sale contained herein, the Trustee shall apply the proceeds of the sale to payment of the cost and expense of exercising the power of sale, including the payment of Trustee's fees actually incurred, and then to the items in subparagraph (c) in the order there stated. (c) After paying the items specified in subparagraph (b) if the sale is by the Trustee, or the proper court and other costs of foreclosure and sale if the sale is pursuant to judicial decree, the proceeds of sale shall be applied in the order stated to the payment of: i) cost of any evidence of title procured in connection with such sale and of any revenue stamps; ii) all sums then secured by senior trust deeds; iii) all sums secured hereby; iv.) all sums then secured by by junior trust deeds, mortgages, and other lienholders; and, v) the remainder, if any, to the person or persons legally entitled thereto. 10. Duties and Obligations of Trustee. (a) The duties and obligations of the Trustee shall be determined solely by the express provisions of this Trust Deed, and Trustee shall not be liable except for the performance of such duties and obligations as are specifically set forth herein, and no implied covenants or obligations shall be imposed on Trustee; b) no provision of this Trust Deed shall require Trustee to expend or risk its own funds, or otherwise incur any financial obligation in the performance of its duties hereunder, or in the exercise of any of its powers or duties, if it shall have grounds for believing that repayment of such funds is not reasonably assured to it; c) Trustee may consult with counsel of its own choosing and the advice of such counsel shall be full and complete protection 4 20.801580