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I 88- 102043 deliver to Trustee a written declaration of default and demand for sale. Trustor agrees that the Trustee shall have, and hereby grants to the Trustee, a power of sale of the Mortgaged Property and if Holder decides the Mortgaged Property is to be sold it shall deposit with Trustee this Deed of Trust and the note or notes and any other documents evidencing expenditures secured hereby, and sha 11 de 1 i ver to Trustee a wri t ten not ice of default and election to cause the Mortgaged Property to be sold, and Trustee, in turn, shall prepare a similar notice in the form required by law, which shall be duly filed for record by Trustee. After the lapse of such time as may be required by law following the recordation of Notice of Default, and Notice of Default and Notice of Sale having been given as required by law, Trustee, without demand on Borrower, shall sell the Mortgaged Property in one or more parcels and in such order as Holder may determine on the date and the time and place designated in said Notice of Sale, at public auction to the highest bidder, ,:he purchase price to be payable in cash in lawful money of the United States at the time of sale. The person conducting the sale may, for any cause he or she deems expedient, postpone the sa Ie from time to time unt i lit sha 11 be completed and, in every such case, not ice of postponement shall be given by public declaration thereof by such person at the time and place last appointed for the sale; provided, if the sale is postponed for longer than one (1) day beyond the day c.esignated in the Notice of Sale, notice thereof shall be given in the same manner as the original Notice of Sale. Trustee sha 11 execute and de liver to the purchaser its Deed conveying the Mortgaged Property so sold, but without any covenant or warranty, express or implied. The recitals in the Deed of any matters or facts shall be conclusive proof of the truthfulness thereof. Any person, including without limitation Holder or Trustee, may purchase at the sale. When Trustee sells pursuant to the powers herein, Trustee shall al?ply the proceedS of the sale in the manner set forth in Section 4.9 hereof. 4.2 Holder may, after notification, if any, hereafter provided in this Section 4.2, sell, lease or otherwise dispose of, at the office of Holder, or on the Mortgaged Property, or elsewhere, as chosen by Holder, all or any part of the Mortgaged Property constituting fixtures or personal property in its then condition, or following any commercially reasonable pr~paration or processing, and each Sale (as used herein 'the term "Sa Ie" means any such sa Ie, lease or other di spas i t ion made pursuant to this Sect ion 4.2) may be as a uni t or in parcels, by public or private proceedings, and by way of one or more contracts, and, at any Sale, it shall not be neces'sary to exhibit such fixtures or personal property, or part thereof, being sold. The Sale of any part of such fixtures or personal - 7 - L ~ L