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<br />", <br /> <br />200611040 <br /> <br />(a) After the lapse of such time as may be required by <br />law following the recordation of Notice of Default, and Notice of <br />Default and Notice of Sale having been given as required by law, <br />Trustee, without demand on Trustor, shall sell the Property in <br />one or more parcels and in such order as Trustee may determine on <br />the date and at the time and place designated in said Notice of <br />Sale, at public auction to the highest bidder, the purchase price <br />payable in cash in lawful money of the United States at the time <br />of sale. The person conducting the sale may, for any cause he or <br />she deems expedient, postpone the sale from time to time until it <br />shall be completed and, in every such case, notice of <br />postponement shall be given by public declaration thereof by such <br />person at the time and place last appointed for the salei <br />provided, if the sale is postponed for longer than one (1) day <br />beyond the day designated in the Notice of Sale, notice thereof <br />shall be given in the same manner as the original Notice of Sale. <br />Trustee shall execute and deliver to the purchaser its Deed <br />conveying the Property so sold, but without any covenant or <br />warranty, express, or implied. The recitals in the Deed of any <br />matters or facts shall be conclusive proof of the truthfulness <br />thereof. Any person, including, without limitation, Beneficiary <br />or Trustee, may purchase at the sale. <br /> <br />(b) When Trustee sells pursuant to the powers herein, <br />Trustee shall apply the proceeds of the sale to payment of the <br />costs and expenses of exercising the power of sale and of the <br />sale, including, without limitation, the payment of Trustee's <br />Fees incurred, which Trustee's Fees shall not in the aggregate <br />exceed $1,000.00 plus one percent (1%) of the amount secured <br />hereby and remaining unpaid and then to the items set forth in <br />subparagraph (c) hereof in the order therein stated. <br /> <br />(c) After paying the items specified in subparagraph <br />(b), if the sale is by Trustee, or the proper court costs and <br />other costs of foreclosure and sale if the sale is pursuant to <br />judicial foreclosure, the proceeds of sale shall be applied in <br />the order stated below to the payment of: <br /> <br />(1) Cost of any evidence of title procured in <br />connection with such sale and of any Documentary Stamp Tax <br />required to be paidi <br /> <br />7 <br />