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20050 54'75
<br />(c) Deliver to Trustee a written declaration of default and demand for
<br />sale, and a written notice of default and election to cause Trustors'
<br />interest in the Trust Estate to be sold, which notice Trustee shall
<br />cause to be duly filed for record in the appropriate official records of
<br />the county in which the Trust Estate is located;
<br />(d) Take such steps to protect and enforce its rights, whether by action,
<br />suit or proceeding at law or in equity, for the specific performance of
<br />any covenant, condition or agreement in the Note, this Deed of Trust
<br />or any other document now or hereafter securing payment of the
<br />Note, or in aid of the execution of any power granted herein or
<br />therein, or for any foreclosure hereunder, or for the enforcement of
<br />any other appropriate legal or equitable remedy or otherwise as
<br />Beneficiary shall elect.
<br />10. Foreclosure by Power of Sale. Should Beneficiary elect to foreclose by
<br />exercise of the Power of Sale herein contained, Beneficiary shall notify Trustee and shall
<br />deposit with Trustee this Deed of Trust and the Note and such receipts and evidence of
<br />expenditures made and secured hereby as Trustee may require.
<br />(a) Upon receipt of such notice from Beneficiary, Trustee shall cause to
<br />be recorded, published, and delivered to Trustors such Notice of
<br />Default and Notice of Sale as then required by law and this Deed of
<br />Trust. Trustee shall, without demand on Trustors, after such time
<br />as may then be required by law and after recordation of such Notice
<br />of Default and after Notice of Sale having been given as required by
<br />law, sell the Trust Estate at the time and place of sale fixed by it in
<br />such Notice of Sale, either as a whole, or in separate lots or parcels
<br />or items as Trustee shall deem expedient, and in such order as it
<br />may determine, at public auction to the highest bidder for cash in
<br />lawful money of the United States payable at the time of sale.
<br />Trustee shall deliver to such purchaser or purchasers thereof its
<br />good and sufficient deed or deeds conveying the property so sold,
<br />but without any covenant or warranty, express or implied. The
<br />recitals in such deed or any matters or facts shall be conclusive
<br />proof of the truthfulness thereof. Any person, including, without
<br />limitation, Trustors, Trustee, and Beneficiary, may purchase at such
<br />sale and Trustors hereby covenant to warrant and defend the title of
<br />such purchaser or purchasers;
<br />(b) As may be permitted by law, after deducting all costs, fees, and
<br />expenses of Trustee and of this Trust, including costs of evidence of
<br />title in connection with sale, Trustee shall apply the proceeds of any
<br />sale to the payment of (i) all sums expended under the terms hereof
<br />not then repaid, with accrued interest at 'Twelve Percent (12 %) per
<br />annum; (ii) all other sums then secured hereby; and (iii) the
<br />remainder, if any, to the person or persons legally entitled thereto;
<br />(c) Trustee may, in the manner provided by law, postpone sale of all or
<br />any portion of the Trust Estate.
<br />11, Remedies Not Exclusive. Trustee and Beneficiary, and each of them, shall
<br />be entitled to enforce payment and performance of any indebtedness or obligations
<br />secured hereby and to exercise all rights and powers under this Deed of Trust or under
<br />any of the Loan Instruments or other agreement, or any laws now or hereafter in force,
<br />notwithstanding that some or all of the such indebtedness and obligations secured
<br />hereby may now or hereafter be otherwise secured, whether by mortgage, deed of trust,
<br />pledge, lien, assignment, or otherwise. Neither the acceptance of this Deed of Trust nor
<br />its enforcement, whether by court action or pursuant to the power of sale or other powers
<br />herein contained, shall prejudice or in any manner affect Trustee's or Beneficiary's right
<br />to realize upon or enforce any other security now or hereafter held by Trustee or
<br />Beneficiary, it being agreed that Trustee and Beneficiary, and each of them shall be
<br />entitled to enforce this Deed of Trust and any other security now or hereafter held by
<br />Beneficiary or Trustee in such order and manner as they or either of them may in their
<br />absolute discretion determine. No remedy conferred upon or reserved to Trustee or
<br />Beneficiary herein or in any of the other Loan Instruments is intended to be exclusive of
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