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Section 3.4(c) below, separate and apart from the sale of real property, the remainder of the Property being treated as real property. (b) Beneficiary may cause any such sale or other disposition to be conducted immediately following the expiration of the grace period, if any, herein provided or provided in the Credit Agreement (or immediately upon the expiration of umy redemption or reinstatement period required by law) or Beneficiary may delay any such sale or other disposition for such period of time as Beneficiary deems to be in its best interest. Should Beneficiary desire that more than one such sale or other disposition be conducted, Beneficiary, may at its option, cause the same to be conducted simultaneously or successively, on the same day or at such different days or times and in such order, as Beneficiary may deem to be in its best interest. (c) Should Beneficiary elect to cause any of the Property to be disposed of as personalty as permitted by Section 3.4(a) above, Beneficiary may dispose of any part thereof in any manner now or hereafter permitted by the Uniform Commercial Code of Governing Jurisdiction or in accordance with any other remedy provided by law. Any such disposition may be conducted by an employee, attorney or agent of Beneficiary or Trustee. Any person, including, a Trustor, Trustee and Beneficiary, shall be eligible to purchase any part or all of such personalty at any such disposition. Any such disposition may be either public or private as Beneficiary may elect, subject to the provisions of the Uniform Commercial Code of the Governing Jurisdiction. Beneficiary shall have all of the rights and remedies of a secured party under the Uniform Commercial Code of the Governing Jurisdiction. Expenses of retaking, holding, preparing for sale, selling or the like shall include Beneficiary's reasonable attorney's fees and legal expenses, and upon Beneficiary's election to proceed under this Section 3.4(c), each Trustor, upon demand of Beneficiary, shall assemble such personalty and make it available to Beneficiary at the Premises, a place which is deemed reasonably convenient to Beneficiary and such Trustor. Beneficiary shall give each Trustor such prior written notice of the time and place of any public sale or other disposition of such personalty or of the time at or after which any private sale or any other intended disposition is to be made as may be required by the Uniform Commercial Code of the Governing Jurisdiction, and if such notice is sent to a Trustor three (3) business days prior to any intended disposition in the manner provided for the mailing of notices herein it shall constitute reasonable notice to such Trustor. (d) Should Beneficiary elect to sell the Property or any part thereof which is real property or which Beneficiary has elected to treat as real property, upon such election, Beneficiary or Trustee shall give such notice of default and election to sell as may then be required by law. Thereafter, upon the expiration of such time and the giving of such notice of sale as may then be required by law, and without the necessity of any demand upon either Trustor, Trustee, at the time and place specified in the notice of sale, shall sell the Property or any portion thereof specified by Beneficiary, at public auction to the highest bidder for cash in lawful money of the Deed of Trust -9-