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<br />under this section will be applied- first towatd payment of• all
<br />expenses (including. attorneys' fees) incusrid,by Beneficiary,
<br />together with interest thereon at the 0efoult-Iiite from the date
<br />incurred until repaid, and the balance, if atiy, will be applied
<br />agsi - Obligations------ — -- -- - — - - -- - --
<br />7.6. -ftforeMOnt. of Securit -V Interet.ts. .Aenefi.ciary.
<br />wAy exercise all rights of a secured partyj;;:;undor the Uniform
<br />Commercial Code with respect to, the .Chattels..'and the Intangible
<br />Personalty, including but not limited, to .i.Aki.ng possession of,
<br />bolding, and selling the Chattels and, erifforcing or otherwise
<br />r4sliting upon any accounts and general' intangibles. Any
<br />togoit,0004 for :rgaA*9aakle notice of: the tiny* and place of any
<br />puaic iiao .. or. Of.;tht" .17 a after whi.. '0n..Any private sal-0 or other
<br />dispasitibrt' is 0 b+l:.- ., : will be ,•;satisfied by De6oficiary I a
<br />gl i iig of such : n�k ;i+c ,- t 0 Grantor at� least. five business days
<br />prior to the tinro . i s a :'publi sale or the, tike after' which'. any
<br />private sale or ott aic -,L'_I � ceded disposition i6AV.. be made.
<br />7.7 loire .t re Against Property. Beneficiary may
<br />foreclose this: -',t �'' of Trust, insofar as-:. °it encumbers the
<br />Property, eitt;4ir; ';' by judicial action or;r.::'through Trustee.
<br />Foreclosure thtc�;i, Trgpstee will be initiated by Beneficiary's
<br />filing of its written d laration of default and demand for sale
<br />with Trustee. Csantdr agrees that; Trustee shall haver.•.: and
<br />' Gr 4tor hereby... flints to Trustee, a powew of sake of`. .the
<br />Property. Should : ;Benef, ,ciary `elect to fored ose by exercise of
<br />tide power of salt hereiii contained, Beneficiary shall deposit
<br />with Trustee this " Deed of Trust, the Note and any other documents
<br />evidencing the &e�eured Obligations, and shall deliver to Trustee
<br />a written notice of default and election to cause the Property to
<br />be sold, and Trustee, in turn, shall prepare a similar notice in
<br />the form.required by law, which shall be duly filed for record by
<br />Trustee.-; ;.after the lapse of such time as may be required by law,
<br />Trustee, without demand on Grantor, shall sell the Property in
<br />ate, or more parcels and im..-such order as Beneficiary may
<br />determine on the date and at- the time and place designated in
<br />said Notice of Sale, at public auction to the highest bidder, the
<br />purchase price. to be payable in cash in lawful =ney of the
<br />United States at. the time of sale. The person conducting the
<br />sale may, for :rny cause he deems expedient, postpone the sale
<br />from. time. to time until it shall be completed 'and, -1-m every such
<br />case, not4c* of postponement shall be,Oi.ven by public declaration
<br />thereof by such -person at the time and place last appointed for
<br />the sale; provided, if the salt 'is postponed for longer than. one
<br />(1) day beyond the day designated in the Notice of Sale, actice
<br />thereof shall be given in the same manner as the ori.Lginal Notice
<br />of Sale. Trustee shall execute and deliver to ithe purchaser
<br />Trustee's deed, conveying the Property so sold, but without any
<br />covenant or warranty, express or implied. The recitals in
<br />Trustee's deed of any matters or facts shall be conclusive proof
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