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(1) Cost of any evidence of title procured in connec- <br />tion with such sale and of any revenue required to be paidi <br />(2) All sums then secured hereby; <br />(3) The remainder, if any, to the person legally <br />entitled thereto. <br />3.05. Uniform Commercial Code. Should Beneficiary elect to <br />cause the disposal of any of t e roperty subject to the Security <br />Agreement in Paragraph 1.07, it may dispose of any part thereof <br />in any manner now of hereafter permitted by the Uniform <br />Commercial Code of the Governing Jurisdiction or in accordance <br />with any other remedy provided by law. Any such disposition may <br />be conducted by an employee or agent of Beneficiary or Trustee. <br />Both Trustor and Beneficiary shall be eligible to purchase any <br />part or all of such Property at any such disposition. Any such <br />disposition may be either public or private as Beneficiary may <br />elect, subject to the provisions of the Uniform Commercial Code <br />of the Governing Jurisdiction. Beneficiary shall have all of the <br />rights and remedies of a Secured Party under the Uniform Commer- <br />cial Code of the Governing Jurisdiction. Expenses of retaking, <br />holding, preparing for sale, selling or the like shall include <br />Beneficiary's reasonable attorneys' fees and legal expenses, and <br />upon such default. Trustor, upon demand of Beneficiary, shall <br />assemble such Property and wake it available to Beneficiary at <br />the Premises, a place which is hereby deemed reasonably con- <br />venient to Beneficiary and Trustor. Beneficiary shall give <br />Trustor at least ten (10) days' prior written notice of the time <br />and place of any public sale or other disposition of such <br />Property or of the time at or after which any private sale or any <br />other intended disposition is to be made, and if such notice is <br />sent to Trustor, in the manner provided for the mailing of <br />notices herein, it shall constitute reasonable notice to <br />Trustor. Out of the proceeds of any sale, the Beneficiary may <br />retain an amount equal to the principal and interest then due on <br />the dote, plus the amount of the expenses of the sale, and shall <br />pay any balance of such proceeds to the Trustor. In the event <br />that the proceeds of any sale are insufficient to cover the prin- <br />cipal and interest of the Mote plus expenses of the sale, the <br />Trustor shall remain liable to the Beneficiary for any defi- <br />ciency. <br />-13- <br />