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<br />200709869 <br /> <br />proceeds of sale (I) first, to payment of all actual out-of-pocket costs, fees and expenses, including <br />reasonable attorneys' fees and expenses incurred by the Beneficiary in exercising the power of sale or <br />foreclosing this Deed of Trust, and (2) second, in accordance with the provisions of the Financing <br />Documents to the outstanding Secured Obligations. <br /> <br />(d) The Deed Trustee may in the manner provided by law postpone sale of all or any portion <br />of the Encumbered Property. <br /> <br />(e) The Beneficiary shall have the option to proceed with foreclosure in satisfaction of any <br />part of the Secured Obligations without declaring the whole of the Secured Obligations as immediately <br />matured, and such foreclosure may be made subject to the unmatured part of the Secured Obligations, and <br />it is agreed that such foreclosure, if so made, shall not in any manner affect the unmatured part of the <br />Secured Obligations, but as to such unmatured part this Deed of Trust, as well as the other Financing <br />Documents, shall remain in full force and effect just as though no foreclosure had been made. Several <br />foreclosures may be made without exhausting the right of foreclosure for any unmatured part of the <br />Secured Obligations, it being the intention of the parties to provide for a foreclosure and sale of the <br />security for any matured portion of the Secured Obligations without exhausting the power of foreclosure <br />and power to sell the Encumbered Property for any other part of the Secured Obligations. If more than <br />one property, lot, or parcel or estate is encumbered by this Deed of Trust, and if this Deed of Trust is <br />foreclosed upon, or judgment is entered upon any obligation secured hereby, or if Beneficiary exercises <br />its power of sale, execution may be made upon or Beneficiary may exercise its power of sale against any <br />one or more of the properties, lots, or parcels or estates and not upon the others, or upon all of such <br />properties or parcels or estates, either together or separately, and at different times or at the same time, <br />and execution sales or sales by advertisement likewise may be conducted separately or concurrently, in <br />each case at Beneficiary's election. <br /> <br />Section 4.04. Appointment of Receiver. If an Event of Default (which is not cured within any <br />applicable cure period) shall have occurred, the Beneficiary, as a matter of right and without notice to the <br />Grantor or anyone claiming under the Grantor, and without regard to the value of the Encumbered <br />Property or the interest of the Grantor therein; shall have the right to apply to any court having <br />jurisdiction to appoint a receiver or receivers of the Encumbered Property and the Grantor hereby <br />irrevocably consents to such appointment and waives notice of any application therefor. Any such <br />receiver or receivers shall have all the usual powers and duties of receivers in like or similar cases and all <br />the powers and duties of the Beneficiary in case of entry as provided in Section 5.02(b) hereof and shall <br />continue as such and exercise all such powers until the date of confirmation of sale of the Encumbered <br />Property unless such receivership is sooner terminated. The Beneficiary shall, in addition to and not in <br />limitation of any of the foregoing or any other remedies provided herein or otherwise available under <br />applicable law, have all of the rights provided under the laws of the State. <br /> <br />Section 4.05. Remedies Not Exclusive. The Beneficiary shall be entitled to enforce payment <br />and performance of any Secured Obligation hereby and to exercise all rights and powers hereunder or <br />under any Financing Documents or other agreement or any laws now or hereafter in force, <br />notwithstanding some or all of the Secured Obligations which may now or hereafter be otherwise secured, <br />whether by mortgage, deed of trust, pledge, lien, assignment or otherwise. Neither the acceptance hereof <br />nor its enforcement, whether by court action or pursuant to the power of sale or other powers herein <br />contained, shall prejudice or in any manner affect the Beneficiary's right to realize upon or enforce any <br />other security now or hereafter held by the Beneficiary, it being agreed that the Beneficiary shall be <br />entitled to enforce this Deed of Trust and any other security now or hereafter held by the Beneficiary in <br />such order and manner as it may in its absolute discretion determine. No remedy herein conferred upon or <br />reserved to the Beneficiary is intended to be exclusive of any other remedy given hereunder or now or <br />hereafter existing at law or in equity or by statute. Every power or remedy given by any of the Financing <br /> <br />-13- <br />