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05/12/05 THU 14:45 FA! 308 384 6S56 Cl"NliIXGIIAj LAW OFFICB GI 200603940 auctiOQ to the highest bidder, the purchase price payable in lawful lIIDney of the united Statell at the time of sale. 'I'Iuo! per!lon conduct:lt1g' the lIale may, for any eaulle h.. deems expedient, postpone the sate from time to time until it shall he completed and. in tlVery luch ca...., notice of pOlltp"oemant thall be given by public decl.llntion ehereof by such perllQtI at the ti~ ~ pl.ca lalt appointed for the ~ala: provided, if th. 881e ill polltpon..d for longel: than onl!l (J.) day beyond the day dedga.ted in tbe Notice of sale, notica ttl.enQt ..hall be given in tbe same manner a.. thG o~iginal Notice of Sale. TROSTKE s~ll execute and deliver to the pur<::haser hi8 :Oeed ~ing "aid propeX'ty 11I0 lIold, but witho11t any covenllnt Qr _rranty, expresD or illlplied. 'The recitals in the Oee4 ot any matterll or factR ahell be conclulIive proof of the truthful~~~ thexeof. Any person, including, BDEPICXARY, ll\ay purch.8e 1I.t tb. lIale. TRUSTORS hereby covenant to we~ant ~d ~fend tbe title of ~h. above property to the purchaler at ,.1.. D. IfMn the TRUSTl!:B sellll the trullt property pursuant to t.he powere granted herein, the TRUSTEE shall apply th. proceedll frPm the eale of BUch property in the tollowing o~der of priority' (ll To the COllt and expenlle of exercising tbe power of lale and. of the ..le, includ1ng attorney teell, evidence of title and other .!Ialft "xpenllea, and 1I tru.t..' II 1'.. not to ex.celld two percent (2t) of the gra.. .ale prica; (2) To the p.ymo~t Qf the Obligation lSll<:ured by thb Deed of Trullt and Truet oeM Hotel (J , TO ehe payment of junior Trult Deeds, mortgages. or other Henbolderai (.., The ba.lance, if any, to the person or perl;onG legally entitled thereto. E. 0pwI. tll.e occurrence of any default hereunder, BBNBl"ICIARY I'Ihall have, 14 addition to Buch other option$ all may be gra~t.d h.rei~. the fUrther opt:ion to forll<:lole tl:lil Deeel of Tru"t in the _mwr pravided by la. tQr fQreclo~e. of ~rtgas-. on real proper~. F. J~lClAaY may t~m t~ to time 8ub8t1tute II. lucce..or or lnlCCellllOrll to &ny TRUSTEB llill1led herein or acting hereunder. Upon aucl1 appointment, aud wi1;lu:n.lt conve)'lPl,oe to tJw 81,lCC""O~ TR11STiB. the latter IIhall be Wleted with all title, powers, and dutlell conferred upon any TIl.U'S'l'EB her"in llllllled or acting bar.und..r. Bach lIueh apPOintmen~ and lI~titution IIhell he made by written il1J!ltrument acd e:xe:cuted by BENRFICIAAY , (!~tllli.ning reterence to th1.lI Deed ot TrIUlt and itl place of record, which, ..men rec:ordfld. in the office ot tbe Reqister of 0.e6s of the county or counUeill in which !laid property is situated, lIha.ll be conclusive proof of proper ilppo1ftt....n~ of the IIUOCellllor 'TRUSnB. The foregoing power of !Wbstitutian and the procedure therefor "hall not be exclusive of the p~r U1d PX'OOIldw:'e provided for by law tor the .1J,l,llItitut!on of a TRUSTBE in the place of tbs TRUSTEB nallled herein. G. TRtJS1.'CRS covenant and agree that upcn any attelllptlld COllV1lyomCe. als.l.gDllIlIllt, pledge or tranafer of a"Y of their intere.t in the prenai:oell during the term of the loan lecured hereby, the BEHEPIClMY .!Iball have the option of declaring the unpaid babnce immediately due aDd p-Vable, and if .aid ~um remaio& unpaid for ten (101 days thereafter, BEMBFrC1ARY can cause NOtice of Default to be g1v.n ~ tbe premi.es he sold .. provided herein. B. As adl11t10nal UI.d col1.t..ra1 security tor th.. loan, iUId effectiw forthwith upcn tiling of a Notice of Ollfa~t. tbia instrument shall ~erve aa an all"i~nt by the TRUSTORS eo the TRUSTEE." of all rents and revenuee re8ult1nq from thM prgperty, and TQUSTBB il; authorized to ta~ passe.sion of the property, rent or lealle the same on tarma -3- liJ 0 04