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88- 1021<17 nates and any other documents evidencing expenditures secured hereby, and shall deliver to Trustee a uritten notice of default and election to cause the 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. (a) 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 Trustor, shall sell the Property hereinbefore described, and any and every part thereof, in separate parcels or en masse as the Trustee may elect and in such order as Trustee may determine on the date and at the time and place designated in said Notice of Sale, at public auction to the highest bidder, the purchase price payable in cash in lawful money of the Untied States at the time of sale. The person conducting the sale may, for any cause he or she deems expedient, postpone the sale from time to time until it shall be completed and, in every such case, notice 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 designated in the Notice of Sale, notice thereof shall be given in the same manner as the original Notice of sale. Trustee shall execute and deliver to the purchaser its Deed conveying the 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, Beneficiary or Trustee may purchase at the sale. Said sale shall be conducted at the real estate forming a part of the Property or at the court house in the county in which the Property to be sold, or some part thereof, is situated. I ~ I (b) When Trustee sells pursuant to the powers herein, Trustee shall apply the proceeds of the sale to payment of the costs and expenses of exercising the power of sale and of the sale, including, without limitation, the payment of Trustee's fees incurred, which Trustee's fees shall not in the aggregate exceed the sum of Five Hundred and nollOOths Dollars ($500.001 plus 1/2 of 1% of the amount secured hereby and remaining unpaid and then to the items set forth in sub- paragraph (c) of this paragraph FIFTH in the order therein stated. (c) After paying the items specified in subparagraph (b) of this paragraph FIFTH, if the sale is by Trustee, or the proper court and other costs of foreclosure and sale if sale is pursuant to judicial foreclosure, the proceeds of sale shall be applied in the order stated below to the payment of: (1) Cost of any evidence of title procured in connection with such sale and of any revenue required to be paid; (21 All sums then secured hereby; (3) The remainder, if any, to the person or persons legally entitled thereto. Each of the parties to this Deed of Trust hereby requests that a copy of any Notice of Default and a copy of any Notice of Sale provided for herein- above be mailed to each such party at his post office address set forth herein. Upon the occurrence of any default hereunder, Beneficiary shall have the option to foreclose this Deed of Trust in the manner provided by law for the foreclosure of mortgages on real property. L SIXTH: Trustor specifically agrees that (a) Trustor, at its ex- pense;-wI!l execute and deliver to Beneficiary, promptly upon request, such security instruments as may be required by Beneficiary, in a form and substance satisfactory to Beneficiary, covering any of the Property con- veyed by this Deed of Trust which security instruments shall be additional security for Trustor's faithful performance of all of the terms, covenants and conditions of this Deed of Trust, the Note and indebtedness secured hereby, and any other security instruments executed in connection with the indebtedness secured by this Deed of Trust; and all such instruments sholl be filed and recorded at Trustor's expense; (bl Beneficiary may. from timp to time, by written instrument executed and acknowledged by Benefici.1J"Y, " .' --1'