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1 - r 12. Acceleration; Remedies; Sale. Upon default by Trustor in the payment of any indebtedness secured hereby or in the performance of any agreement hereunder, Beneficiary may declare all woos secured hereby 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 Trustee this Trust Deed and all promissory 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 duly filed for record by 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 default and notice of sale having been given as required by law, Trustee without demand on Trustor, shall sell tiie'Property on the date and at the time and place designated in said notice of sale, at public auction to the highest bidder, the purchase price payable in lawful money of the United States at the time of sale. The person conducting the sale may, for any cause he deems expedient, postpone the sale from time to time until it shall .be completed and, in every such case, notice of postponement shall be given by public declaration thereof by such persdi'at the time and place last appointed for the sale; provided, if the sale is postponed for longer than one (1) day beyond, the day designated in the notice of sale, notice there" of shall be givens in' the same manner as the originai notice of sale. Tea'stee shall execute amcl deliver •to the purchaser its Deed conveyftsg. -,.la,-:'Property so sold, but without any covenant or warranty, express.., or impin4•. The recitals•in' the Deed of an'y matters or facts shall be con- C1uSivid.l�roof cf.- the- tr_z1thfnJ_rleSS,_therevF.= Any poLOfiiiv iii; itciinq $ens- at, may purchase at the sale. seen srustee sells pursuant to the powers herein, the Tr'astee shall apply .,.the groceeds of the sale to payment of the costs and expenses of exer- cxsing. the power of sale and of the sale,- Including the paytment of the Trustee's Fees actually incurred, which Trustee's Fees shall : not in the aggregate exceed the following amounts based upon the amouidt'`secured hereby,and remaining unpaid: 5 percentum on the first $1,0461,'tFiereaif, .05 percentum on the balance thereof; snd' then to the iteivs.11i sulapara- graph., C-0 in the order there stated. (c) After paying the items specified4 in subparagraph (b) if the.sale is by Trustee, or the proper court and other costs of foreclosur'e,and sale if the sale is pursuant to judicial foreclosure, the proceeds'of sale shall be applied in the order stated to the payment of: (i) Cost of any evidence of title procured in con- nection with such sale and of any revenue stamps; (ii) All sums then secured hereby; ('t-fi) The remainder, if any, to the person legally entitled thereto. 13. Duties and Obligations of Trustee (a) The duties and obligations of 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 upon 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 any of its duties hereunder, or in the exercise of any of its right or powers, if it shall have grounds for believing that the repayment of g L I i