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202108974 <br />and fix or modify rents, make repairs and alterations and do any acts which Beneficiary <br />deems proper to protect the security hereof. Upon request of Beneficiary, Trustor shall <br />assemble and make available to Beneficiary at the Property any of the Property which <br />has been removed therefrom. The entering upon and taking possession of the Property <br />and the application thereof as aforesaid shall not cure or waive any default theretofore <br />or thereafter occurring or affect any notice of default hereunder or invalidate any act <br />done pursuant to any such notice. Trustee or Beneficiary shall be entitled, at their <br />election and without notice, to the appointment of a receiver or receivers for the <br />Property; provided, however, that any of the actions referred to in this Section 3.02 may <br />be taken by Beneficiary, either in person or by agent, with or without bringing any action <br />or proceeding, or by receiver, and any such action may also be taken irrespective of <br />whether any notice of default or election to sell has been given hereunder and without <br />regard to the adequacy of the security for the indebtedness hereby secured. Further, <br />Beneficiary, at the expense of Trustor, either by purchase, repair or construction, may <br />from time to time maintain and restore the Property, or any part thereof, and complete <br />construction of the Improvements uncompleted as of the date thereof and in the course <br />of such completion may make such changes in the contemplated Improvements as <br />Beneficiary may deem desirable and may insure the same. <br />3.03 Foreclosure. Beneficiary may bring an action in any court of competent <br />jurisdiction to foreclose this Deed of Trust or to enforce any of the covenants and <br />agreements hereof. <br />3.04 Power to Sell. Beneficiary may elect to sell the Property, or any part thereof, as <br />follows: <br />(a) If Beneficiary elects to exercise its power of sale with respect to the Property, or <br />any part thereof, Trustee shall record a notice of default in each county in which any <br />part of such Property is located and shall mail copies of such notice in the manner <br />prescribed by applicable law to Trustor and to other persons prescribed by applicable <br />law. Trustee may sell the Property subject to this Deed of Trust as a group or <br />individually, at the Beneficiary's sole discretion. After the time required by applicable <br />law, Trustee shall give public notice of the sale to the persons and in the manner <br />prescribed by applicable law. Trustee, without demand on Trustor, shall sell such <br />Property at public auction to the highest bidder at the time and place and under the <br />terms designated in the notice of sale in one or more parcels and in any order, Trustee <br />determines. Trustee may postpone sale of all or any parcel of the Property in accordance <br />with the provisions of applicable law. Trustee, Beneficiary, or their designee, may <br />purchase at any such sale. Upon receipt of the price bid, Trustee shall deliver to the <br />purchaser a Trustee's deed conveying all of Trustor's rights in the Property that is sold. <br />The recitals in the deed of any matter of fact shall be conclusive proof of the truthfulness <br />thereof. <br />(b) Should Beneficiary elect to cause the disposal of any of the Property subject to <br />the Security Agreement in Section 1.06, it may dispose of any part thereof in any manner <br />now or hereafter permitted by the Uniform Commercial Code of the Governing <br />Jurisdiction or in accordance with any other remedy provided by law. Any such <br />disposition may be conducted by an employee or agent of Beneficiary or Trustee. Both <br />Trustee and Beneficiary shall be eligible to purchase any part or all of such Property at <br />any such disposition. Any such disposition may be either public or private as the <br />-8- <br />