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201902360 demand for sale. Trustor agrees and hereby grants that the Trustee shall have the power of sale of the Property and if the Beneficiary decides that the Property is to be sold he shall deposit with the Trustee this Deed of Trust and the Note or Notes and any other documents evidencing written notice of default and election to cause the Property to be sold, and 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 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 the Property in one or more parcels and in such order as Trustee may determine on the date and time and place designated in said Notice of Sale, at public auction to the highest bidder, the purchase price payable at the time of the sale. The person conducting the sale may, for any cause he or she 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 person at the time and place last appointed for the sale; provided, if the sale is postponed for longer than forty-five (45) days beyond the day 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 its Deed conveying the Property so sold, but without any covenant or warrant, express or implied. The recitals in the Deed of any matters or facts shall be conclusive proof of the truthfulness thereof. Any person, including without limitation, Beneficiary or Trustee, may purchase at the sale. (b) When the Trustee sells pursuant to the powers herein, the Trustee shall apply the proceeds of the sale to the costs and expenses of exercising this power of sale, including, without limitation, the payment of Trustee's fees incurred, and then to the items in subparagraph (c) in the order there stated. (c) After paying the items specified in subparagraph (b) above, if the sale is by Trustee, or by the proper court, and other costs of foreclosure and sale if the sale is pursuant to judicial foreclosure, then the proceeds of sale shall be applied in the order stated below to the payment of: (1) Attorneys fees and costs of collection; (2) Costs of any evidence of title procured in connection with such sale and of any revenue required to be paid; (3) All obligations secured by this Trust Deed; and, (4) The remainder, if any, to the person legally entitled thereto. 6